Weingarten Realty Updates Guidance - Quick Facts

(RTTNews) - Weingarten Realty (WRI) announced, for 2017, the company now expects core FFO per share to be in the range of $2.42 - $2.45, compared to previous guidance range of $2.38 - $2.44.

Third-quarter core FFO increased to $0.61 per share from $0.58 per share a year ago. The company said the increase in core FFO over the prior year was primarily due to higher operating income driven by increased rental rates, and the full year effect of the company's 2016 acquisitions.

The Board of Trust Managers declared a quarterly cash dividend of $0.385 per common share payable on December 15, 2017 to shareholders of record on December 8, 2017.