Weingarten Realty Investors (Weingarten Realty Investors) Interest Expense : $-66.6 Mil (TTM As of Jun. 2021)

View and export this data going back to 1988. Start your Free Trial

What is Weingarten Realty Investors Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Weingarten Realty Investors's interest expense for the three months ended in Jun. 2021 was $ -21.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2021 was $-66.6 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Weingarten Realty Investors's Operating Income for the three months ended in Jun. 2021 was $ 31.9 Mil. Weingarten Realty Investors's Interest Expense for the three months ended in Jun. 2021 was $ -21.4 Mil. Weingarten Realty Investors's Interest Coverage for the quarter that ended in Jun. 2021 was 1.49. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Weingarten Realty Investors Interest Expense Historical Data

The historical data trend for Weingarten Realty Investors's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Weingarten Realty Investors Interest Expense Chart

Weingarten Realty Investors Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Interest Expense

Get a 7-Day Free Trial

-83.00

-80.33

-63.35

-54.41

-58.40

Weingarten Realty Investors Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Interest Expense	Get a 7-Day Free Trial															-15.09	-14.35	-15.06	-15.80	-21.41

Weingarten Realty Investors Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Jun. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-66.6 Mil.

Weingarten Realty Investors (NYSE:WRI) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Weingarten Realty Investors's Interest Expense for the three months ended in Jun. 2021 was $-21.4 Mil. Its Operating Income for the three months ended in Jun. 2021 was $31.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2021 was $1,787.0 Mil.

Weingarten Realty Investors's Interest Coverage for the quarter that ended in Jun. 2021 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2021 )	/	Interest Expense (Q: Jun. 2021 )
	=	-1	*	31.9	/	-21.405
	=	1.49

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies interest coverage is at least 5. Weingarten Realty Investors interest coverage is 1.67, which is low.

Weingarten Realty Investors (Weingarten Realty Investors) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Weingarten Realty Investors (NYSE:WRI) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

2600 Citadel Plaza Drive, Suite 125, Houston, TX, USA, 77008

Website

http://www.weingarten.com

Weingarten, founded in 1948, is a self-advised REIT that owns, acquires, and develops neighborhood shopping centers. Ownership interest in more than 300 retail assets (47 msf) is diversified in 22 states with the top 10 tenants accounting for 14% of revenue. The largest state concentrations are Texas, Florida, and California, comprising 67% of rents. Economic occupancy is 91.2% and 75% of tenants are national/regional. Differentiating Weingarten is a 9% inside ownership in its outstanding shares, compared with a 1%-3% REIT industry average.

Executives

Shelaghmichael C. Brown	director	1511 NANTUCKET, HOUSTON TX 77057
C Park Shaper	director	1001 LOUISIANA, STE 1000, HOUSTON TX 77002
Marc J Shapiro	director	J.P. MORGAN CHASE & CO., 270 PARK AVENUE, NEW YORK NY 10017
Thomas L Ryan	director	1929 ALLEN PARKWAY, HOUSTON TX 77219
Stephen A Lasher	director
Douglas W Schnitzer	director
Andrew M Alexander	director, officer: CHAIRMAN/CEO/PRESIDENT
Stephen C Richter	officer: EXEC VP/CFO
Johnny Hendrix	officer: Executive VP/COO
Stanford J Alexander	director, officer: CHAIRMAN	2600 JCITADEL PLAZA DRIVE HOUSTON TX 77008
James W Crownover	director
Melvin A Dow	director
Robert J Cruikshank	director	2001 KIRBY, SUITE 313, HOUSTON TX 77019
Martin Debrovner	officer: VICE CHAIRMAN
J Murry Bowden	director	2600 CITADEL PLAZA DRIVE STE. 300 HOUSTON TX 77008