Type | Public company |
---|---|
NYSE: WRI S&P 400 component | |
Industry | Real estate investment trust |
Founded | 1948 |
Headquarters | Houston, Texas |
Key people | Stanford Alexander, Chairman Andrew M. Alexander, CEO Stephen C. Richter, CFO |
Revenue | $486 million (2019) |
$322 million (2019) | |
Total assets | $3.937 billion (2019) |
Total equity | $1.876 billion (2019) |
Number of employees | 239 (2019) |
Website | weingarten |
Footnotes /references [1] |
Weingarten Realty Investors is a publicly traded real estate investment trust that invests in shopping centers, primarily in the Southern United States and primarily with grocery stores as the anchor stores. [1]
As of December 31, 2019, the company owned interests in 170 properties comprising 32.5 million square feet. [1]
During 2019, 20.0% of the company's revenues were generated from properties in the Houston area and 29.3% of the company's revenues were generated from properties in Texas. [1] The company's largest tenants, Kroger and TJX Companies, each accounted for 2.5% of revenue in 2019. [1]
In the 1880s, Hersch Harris Weingarten, a poor Jewish immigrant from Łańcut (what was then Austria-Hungary), [2] [3] started a grocery business in Houston called Weingarten's. [4]
In 1948, Joseph Joe Weingarten, the eldest son of Harris Weingarten founded Weingarten Realty to build stores for his father's business. [4] In 1980, Safeway Inc. purchased the grocery operations. [4]
In 1985, the company became a public company via an initial public offering. [4]
In 2002, the company acquired 3 shopping centers for $46.2 million. [5] [6]
In 2012, the company sold all of its industrial assets for $382.4 million. [7]
In 2021, Kimco Realty announced its intent to acquire Weingarten. [8]
GGP Inc. was an American commercial real estate company and the second-largest shopping mall operator in the United States. It was founded by brothers Martin, Matthew and Maurice Bucksbaum in Cedar Rapids, Iowa in 1954, and has been headquartered in Chicago, Illinois since 2000. It was subject to the largest real estate bankruptcy in American history at the time of its filing in 2009.
Pennsylvania Real Estate Investment Trust is a publicly traded real estate investment trust that invests in shopping centers mostly in the Mid-Atlantic states.
Simon Property Group, Inc. is a real estate investment trust that invests in shopping malls, outlet centers, and community/lifestyle centers. It is the largest owner of shopping malls in the United States and is headquartered in Indianapolis, Indiana. It owns interests in 203 properties comprising approximately 241,000,000 square feet (22,400,000 m2) of gross leasable area in North America and Asia. For a list of notable properties owned by the company, see List of Simon Property Group properties.
CBL Properties is an American real estate investment trust that invests in shopping centers, primarily in the Southeastern and Midwestern United States. The company is organized in Delaware with its headquarters in Chattanooga, Tennessee. The company's largest tenants are L Brands, Signet Jewelers, and Foot Locker.
Brandywine Realty Trust is a real estate investment trust that invests in office buildings in Philadelphia, Washington, D.C., and Austin.
Weingarten's was a supermarket chain in the Southern United States until it was acquired by Safeway in 1983. J. Weingarten, Inc. had its headquarters in what is now the East End in Houston, Texas. The company survives to this day as a real estate developer, after leaving the retail grocery business in 1980. Weingarten Realty is a developer of retail shopping centers.
Gerland Corporation was a retail company headquartered in Houston, Texas, United States; the company operates various grocery stores, gas stations, and check cashing stores within the Greater Houston Area.
Crown American is a privately held American company that manages and develops commercial real estate. The corporate headquarters is in downtown Johnstown, Pennsylvania, in a building designed by architect Michael Graves.
Cedar Realty Trust, Inc. is a publicly traded real estate investment trust that invests in shopping centers in the Mid-Atlantic states.
Kimco Realty Corporation is a real estate investment trust that invests in shopping centers. As of December 31, 2020, the company owned interests in 400 U.S. shopping centers and mixed-use assets comprising 70 million square feet of gross leasable space primarily concentrated in the top major metropolitan markets.
Tanger Factory Outlet Centers, Inc. is a real estate investment trust headquartered in Greensboro, North Carolina that invests in shopping centers containing outlet stores.
Regency Centers Corporation is a real estate investment trust based in Jacksonville, Florida and is one of the largest operators of shopping centers with grocery stores as anchor tenants. As of October 21, 2020, the company owned 415 properties comprising 56 million square feet of space. Notable properties owned by the company include Serramonte Center and a 30% interest in Cameron Village.
JMB Realty was a real estate investment company based in Chicago. In 1993, after suffering during the early 1990s recession, the company spun off its retail properties as Urban Shopping Centers, Inc., which was acquired by Rodamco in 2000 and broken up. After selling off its remaining assets in the late 2000s, JMB Realty was defunct; although its debt finance group was spun-out as JMB Financial Advisors and still exists as a going concern based in Chicago.
Glimcher Realty Trust was a real estate investment trust based in Columbus, Ohio that invested in shopping malls. In 2015, the company was acquired by Washington Prime Group.
'RPT Realty', formerly known as RAMCO Properties Trust and Ramco-Gershenson Properties Trust, is a publicly traded real estate investment trust that owns and operates open-air shopping centers. As of December 31, 2019, the company owned 49 shopping centers comprising 11.9 million square feet.
Hines Interests Limited Partnership is a privately held company that invests in and develops real estate.
World Class Capital Group is a privately owned investment firm that focuses on global real estate. The firm is based in Austin, Texas, with additional offices located in Dallas and New York City. The company is owned by President & CEO Nate Paul. In 2016, World Class was named the #24 top commercial property owner in America. In August 2019 its offices were raided by the FBI.
Brixmor Property Group Inc. is a publicly traded real estate investment trust that invests in shopping centers. It owns and operates a high-quality, national portfolio of 400+ open-air retail centers comprising approximately 73 million square feet of prime retail space in established trade areas. Brixmor is a real estate partner to approximately 5,000 retailers including The TJX Companies, The Kroger Co., Publix Super Markets, Wal-Mart, Ross Stores and L.A. Fitness. It is organized in Maryland with its headquarters in New York City.
Federal Realty Investment Trust is a real estate investment trust that invests in shopping centers in the Northeastern United States, the Mid-Atlantic states, California, and South Florida.
Urstadt Biddle Properties, Inc. is a real estate investment trust based in Greenwich, Connecticut that primarily invests in shopping centers in New York, New Jersey, and Connecticut. As of October 31, 2019, the company owned interests in 83 properties comprising 5.3 million square feet of gross leasable area.