Weingarten Realty Investors revised funds from operations guidance for the fiscal year 2014 and provided earnings guidance for the fiscal year 2015. For the year 2014, the company is raising its 2014 recurring funds from operations (FFO) guidance and is introducing 2015 earnings guidance following its transactions for fourth quarter and full year 2014, which resulted in the early completion of the strategic portfolio transformation it presented in April 2011. The company is now increasing its 2014 full-year recurring FFO guidance to a range of $2.04 - $2.06 per diluted share from a range of $2.01 - $2.03 per diluted share. The company said the increase is primarily due to timing of fourth quarter dispositions, stronger than expected operating results primarily from unanticipated bad debt and litigation recoveries and positive results from its insurance captive. It is estimated that between $0.01 and $0.02 per share for the quarter is not expected to recur going forward.

For the fiscal year 2015, recurring FFO per share is expected to be between $2.12 and $2.17. Same property NOI increase expected to be between 2.5% and 3.5%. New development investment expected to be between $50,000 and $100,000.