Weingarten Realty Investors (NYSE:WRI)
CAPS Rating:
A real estate investment trust. The Company's business include leasing space to tenants in the shopping and industrial centers and also manage centers for joint ventures.
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Recs
Long term yes. Beaten up and battered but long term money is safe buying at $31 and a 52 week low. As recession proof as a retail REIT can get with major holdings in grocery anchored neighborhood and community strip centers and power centers.
Not sexy properties but solid performers and a conservative approach to outlast the downturns. PE of 22 and solid increasing dividends year over year. Safe for a long term holder and at this discounted rate will outperform the market over 5+ years.