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Weingarten Realty Investors Q1 adjusted earnings Beat Estimates

Weingarten Realty Investors (WRI) revealed a profit for its first quarter that climbed from the same period last year.

The company's earnings came in at $146.82 million, or $1.13 per share. This compares with $30.83 million, or $0.24 per share, in last year's first quarter.

Excluding items, Weingarten Realty Investors reported adjusted earnings of $74.71 million or $0.57 per share for the period.

Analysts had expected the company to earn $0.23 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 7.8% to $132.45 million from $143.66 million last year.

Weingarten Realty Investors earnings at a glance:

-Earnings (Q1): $74.71 Mln. vs. $79.54 Mln. last year.
-EPS (Q1): $0.57 vs. $0.61 last year.
-Analysts Estimate: $0.23
-Revenue (Q1): $132.45 Mln vs. $143.66 Mln last year.

-Guidance:
Full year EPS guidance: $2.29 to $2.35

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