Last deal

$500M

Amount

Post-IPO Debt

Stage

12.12.2019

Date

1

all rounds

$500M

Total amount

General

About Company
Weingarten is a real estate investment trust that owns and manages shopping centers.

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Also Known As

Weingarten Markets Realty

founded date

01.01.1948

Number of employees

Company Type

For Profit

Last funding type

Post-IPO Debt

IPO status

Private

Description

Founded in 1948, Weingarten is a self-advised REIT with ownership interest in over 300 retail assets across 22 states. Its portfolio includes neighborhood shopping centers, supermarkets, and retail shops. The company's top tenants contribute 14% of its revenue, with Texas, Florida, and California accounting for 67% of its rents. Weingarten differentiates itself with a 9% inside ownership in its outstanding shares, compared to the industry average of 1%-3%. With an economic occupancy of 91.2% and 75% of tenants being national/regional, Weingarten is a prominent player in the shopping center industry.
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