A Durable 4% Dividend Yield

Weingarten Realty Investors (WRI) was founded in 1948 by Harris Weingarten. The company, originally known as Weingarten Markets Realty, commenced operations by building the family's grocery stores and later expanded into developing shopping centers. Around 1980, the Weingarten family exited the supermarket industry and the realty company, headed by Stanford Alexander, one of Harris' grandsons, and began to focus on relationships with retailers, drug stores, and others.

With a newly focused retail platform, Weingarten is charging forward by focusing on continued dispositions of non-core assets and by concentrating on its core supermarket and necessity-based retail anchored platform. The roots of the retail model date back over sixty years and the strategy of investing in shopping centers located in high-barrier to entry markets has never changed.

Source: Seeking Alpha

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