- Recurring Funds from Operations (“FFO”) increased 9.5% to $0.46 per diluted share over the same quarter of last year;
- Same Property Net Operating Income (“NOI”) for our retail portfolio increased by 4.8% over the prior year;
- Retail occupancy improved to 93.4% during the quarter, up from 92.3% for the same quarter of last year; and
- As previously reported, the Company entered into a definitive agreement subsequent to quarter-end to sell its wholly-owned industrial portfolio for $382 million.
Weingarten Realty (NYSE: WRI) announced today the results of its operations for the first quarter ended March 31, 2012. The supplemental financial package can be found on the Company’s website under the Investor Relations tab. First Quarter Operating and Financial Highlights