Retail Properties of America, put out an Update report in June. #RPAI has good real estate retail properties if you take a close look at its portfolio. 51.1% of total ABR is Achors, 17.4% Mid-Tier, and 31.5% Small Shops. #RPAI also has a high percentage of high-quality value properties competing with #FRT,#REG, and #WRI. A couple of things that concern me for #RPAI at moment is the level of total rent collected in April and May, and the amount of renewal properties in the next 4-5 years. - Kev B - 2020-07-05 08:56:36 - See full comment
I was dissapointed with #WRI callout in recent report "The Company does not anticipate an additional dividend obligation from 2020 operations, and therefore has declared a dividend of $.18 per share. This is one third of the $70 million remaining obligation for 2020 and about one half of the previous dividend, consistent with the reduction in cash collections." This is a reduction in dividends. - Billy123 - 2020-06-16 00:04:36 - See full comment
JERICHO, N.Y.--(BUSINESS WIRE)--Kimco Realty Corp. (NYSE: KIM), one of North America’s largest publicly traded owners and operators of open-air, grocery-anchored shopping centers and mixed-use assets, and Weingarten Realty Investors (NYSE: WRI), a grocery-anchored Sun Belt shopping center owner, manager and developer, today announced the completion of their previously announced merger, whereby Weingarten Realty Investors merged with and into Kimco Realty Corp., with Kimco continuing as the surviving public company. The transaction brings together two industry-leading retail real estate platforms with highly complementary portfolios, creating the preeminent open-air, grocery-anchored shopping center and mixed-use real estate owner in the country. The increased scale in targeted growth markets, coupled with a broader pipeline of redevelopment opportunities, positions the company to create significant value for its stockholders.
About Weingarten Realty Investors[Merged]
Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. At June 30, 2017, the Company owned or operated under long-term leases, either directly or through its interest in real estate joint ventures or partnerships, a total of 216 properties which are located in 18 states spanning the country from coast to coast. These properties represent approximately 43.4 million square feet of which our interests in these properties aggregated approximately 27.8 million square feet of leasable area.