Weingarten Realty Investors Earnings: Here’s Why Investors are Not Excited Now

Weingarten Realty Investors (NYSE:WRI) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.00%.

Weingarten Realty Investors Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 4.44% to $0.47 in the quarter versus EPS of $0.48 in the year-earlier quarter.

Revenue: Decreased 6.17% to $131.9 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Weingarten Realty Investors reported adjusted EPS income of $0.47 per share. By that measure, the company beat the mean analyst estimate of $0.45. It beat the average revenue estimate of $129.38 million.

Quoting Management: “We are proud of the results our team achieved not only this quarter but throughout the year. The 5.1% increase in Same Property NOI for the quarter was truly outstanding and is a testament to the strength of our quality portfolio and the exceptional efforts of our associates,” said Johnny Hendrix, Executive Vice President and Chief Operating Officer.

Key Stats (on next page)…

Revenue decreased 4.52% from $138.14 million in the previous quarter. EPS increased 4.44% from $0.45 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.45 and has not changed. For the current year, the average estimate has moved down from a profit of $1.82 to a profit of $1.81 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)