Weingarten Realty


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.
As of December 31, 2019, the company owned interests in 170 properties comprising 32.5 million square feet.
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. The company's largest tenants, Kroger and TJX Companies, each accounted for 2.5% of revenue in 2019.

History

In the 1880s, Harris Weingarten, an immigrant from Poland, started a grocery business in Houston called Weingarten's.
In 1948, Joe Weingarten, the eldest son of Harris Weingarten founded Weingarten Realty to build stores for his father's business. In 1980, Safeway Inc. purchased the grocery operations.
In 1985, the company became a public company via an initial public offering.
In 2002, the company acquired 3 shopping centers for $46.2 million.
In 2012, the company sold all of its industrial assets for $382.4 million.