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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.
Weingarten was just downgraded by UBS from neutral to sell. It makes sense given the current economic climate. Go to any mall and you will find more and more businesses closing shop, leaving empty mall space. This trend in the mall sector will likely continue for awhile, so I would expect to see WRI's financials erode over the next year or so. However, in the long-term it is a good solid investment and I will likely revisit this stock in the future and re-rate it as an outperform.
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