Weingarten Realty Investors (WRI) 10-Q 2 May 16 2016 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2016	Apr. 30, 2016
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2016
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,016
Entity Registrant Name	WEINGARTEN REALTY INVESTORS /TX/
Entity Central Index Key	828,916
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		125,481,807

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Revenues:
Rentals, net	$ 128,509	$ 122,658
Other	3,908	2,941
Total	132,417	125,599
Expenses:
Depreciation and amortization	37,879	36,151
Operating	23,536	22,585
Real estate taxes, net	15,857	14,627
Impairment loss	43	0
General and administrative	6,498	7,372
Total	83,813	80,735
Operating Income	48,604	44,864
Interest Expense, net	(20,891)	(26,458)
Interest and Other Income, net	211	2,722
Gain on Sale and Acquisition of Real Estate Joint Venture and Partnership Interests	37,392	861
Equity in Earnings of Real Estate Joint Ventures and Partnerships, net	4,093	5,372
Provision for Income Taxes	(5,899)	(661)
Income from Continuing Operations	63,510	26,700
Gain on Sale of Property	45,157	22,522
Net Income	108,667	49,222
Less: Net Income Attributable to Noncontrolling Interests	(1,593)	(1,575)
Net Income Adjusted for Noncontrolling Interests	107,074	47,647
Dividends on Preferred Shares	0	(2,710)
Net Income Attributable to Common Shareholders	$ 107,074	$ 44,937
Earnings Per Common Share - Basic:
Net income attributable to common shareholders (dollars per share)	$ 0.87	$ 0.37
Earnings Per Common Share - Diluted:
Net income attributable to common shareholders (dollars per share)	$ 0.85	$ 0.36

Condensed Consolidated Stateme3

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Statement of Comprehensive Income [Abstract]
Net Income	$ 108,667	$ 49,222
Other Comprehensive Loss:
Net unrealized gain on investments, net of taxes	18	79
Net unrealized loss on derivatives	(4,431)	(1,350)
Amortization of loss on derivatives and designated hedges	371	388
Retirement liability adjustment	377	360
Total	(3,665)	(523)
Comprehensive Income	105,002	48,699
Comprehensive Income Attributable to Noncontrolling Interests	(1,593)	(1,575)
Comprehensive Income Adjusted for Noncontrolling Interests	$ 103,409	$ 47,124

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands		Mar. 31, 2016	Dec. 31, 2015
ASSETS
Property		$ 4,317,416	$ 4,262,959
Accumulated Depreciation		(1,113,754)	(1,087,642)
Property Held for Sale, net		0	34,363
Property, net	[1]	3,203,662	3,209,680
Investment in Real Estate Joint Ventures and Partnerships, net		295,994	267,041
Total		3,499,656	3,476,721
Unamortized Lease Costs, net		146,733	137,609
Accrued Rent and Accounts Receivable (net of allowance for doubtful accounts of $6,888 in 2016 and $6,072 in 2015)	[1]	74,094	84,782
Cash and Cash Equivalents	[1]	27,200	22,168
Restricted Deposits and Mortgage Escrows		107,275	3,074
Other, net		178,882	177,591
Total Assets		4,033,840	3,901,945
LIABILITIES AND EQUITY
Debt, net	[1]	2,189,324	2,113,277
Accounts Payable and Accrued Expenses		88,738	112,205
Other, net		133,188	131,453
Total Liabilities		2,411,250	2,356,935
Commitments and Contingencies		0	0
Shareholders’ Equity:
Common Shares of Beneficial Interest - par value, $.03 per share; shares authorized: 275,000; shares issued and outstanding: 124,871 in 2016 and 123,951 in 2015		3,785	3,744
Additional Paid-In Capital		1,636,296	1,616,242
Net Income Less Than Accumulated Dividends		(161,184)	(222,880)
Accumulated Other Comprehensive Loss		(11,309)	(7,644)
Total Shareholders’ Equity		1,467,588	1,389,462
Noncontrolling Interests		155,002	155,548
Total Equity		1,622,590	1,545,010
Total Liabilities and Equity		4,033,840	3,901,945
Consolidated variable interest entities' assets and debt included in the above balances (see Note 15):
Property, net	[1]	239,977	240,689
Investment in Real Estate Joint Ventures and Partnerships, net	[1]	18,149	18,278
Accrued Rent and Accounts Receivable, net	[1]	8,408	9,245
Cash and Cash Equivalents	[1]	9,800	13,250
Debt, net	[1]	$ 47,722	$ 47,919
[1]	* Consolidated variable interest entities' assets and debt included in the above balances (see Note 15):

Condensed Consolidated Balance5

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 6,888	$ 6,072
Common Shares of Beneficial Interest - par value, $.03 per share; shares authorized: 275,000; shares issued and outstanding: 124,871 in 2016 and 123,951 in 2015
Common Shares of Beneficial Interest; par value per share	$ 0.03	$ 0.03
Common Shares of Beneficial Interest - shares authorized	275,000,000	275,000,000
Common Shares of Beneficial Interest - shares issued	124,871,000	123,951,000
Common Shares of Beneficial Interest - shares outstanding	124,871,000	123,951,000

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016		Mar. 31, 2015
Cash Flows from Operating Activities:
Net Income	$ 108,667		$ 49,222
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	37,879		36,151
Amortization of debt deferred costs and intangibles, net	699		656
Impairment loss	43		0
Equity in earnings of real estate joint ventures and partnerships, net	(4,093)		(5,372)
Gain on sale and acquisition of real estate joint venture and partnership interests	(37,392)		(861)
Gain on sale of property	(45,157)		(22,522)
Distributions of income from real estate joint ventures and partnerships	338		1,024
Changes in accrued rent and accounts receivable, net	8,086		6,951
Changes in unamortized lease costs and other assets, net	168		(1,994)
Changes in accounts payable, accrued expenses and other liabilities, net	(20,010)		(14,762)
Other, net	1,270		8,947
Net cash provided by operating activities	50,498		57,440
Cash Flows from Investing Activities:
Acquisition of real estate and land	(496)		(91,487)
Development and capital improvements	(25,505)		(17,401)
Proceeds from sale of property and real estate equity investments, net	106,053		33,050
Change in restricted deposits and mortgage escrows	(104,171)		51,357
Real estate joint ventures and partnerships - Investments	(42,025)		(34)
Real estate joint ventures and partnerships - Distribution of capital	24,609		4,446
Purchase of investments	(1,250)		0
Proceeds from investments	500		500
Other, net	2,481		(474)
Net cash used in investing activities	(39,804)		(20,043)
Cash Flows from Financing Activities:
Proceeds from issuance of debt	0		200,000
Principal payments of debt	(3,623)		(112,236)
Changes in unsecured credit facilities	30,500		(85,000)
Proceeds from issuance of common shares of beneficial interest, net	19,430		30,863
Common and preferred dividends paid	(45,378)		(44,914)
Debt issuance and extinguishment costs paid	(4,452)		(7,402)
Distributions to noncontrolling interests	(2,139)		(1,660)
Other, net	0		(69)
Net cash used in financing activities	(5,662)		(20,418)
Net increase in cash and cash equivalents	5,032		16,979
Cash and cash equivalents at January 1	22,168	[1]	23,189
Cash and cash equivalents at March 31	27,200	[1]	40,168
Interest paid during the period (net of amount capitalized of $520 and $831, respectively)	$ 20,828		$ 23,471
[1]	* Consolidated variable interest entities' assets and debt included in the above balances (see Note 15):

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Cash Flows (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Statement of Cash Flows [Abstract]
Capitalized interest paid	$ 520	$ 831

Condensed Consolidated Stateme8

Condensed Consolidated Statements of Equity (Unaudited) - USD ($) $ in Thousands		Total	Preferred Shares of Beneficial Interest	Common Shares of Beneficial Interest	Additional Paid-In Capital	Net Income Less Than Accumulated Dividends	Accumulated Other Comprehensive Loss	Noncontrolling Interests
Beginning Balance at Dec. 31, 2014		$ 1,638,943	$ 2	$ 3,700	$ 1,706,880	$ (212,960)	$ (12,436)	$ 153,757
Increase (Decrease) in Equity [Roll Forward]
Net Income		49,222				47,647		1,575
Issuance of common shares, net		29,036		24	29,012
Shares issued under benefit plans, net		5,556		9	5,547
Shares issued in exchange for noncontrolling interests		0			111			(111)
Dividends paid - common shares	[1]	(42,476)				(42,476)
Dividends paid - preferred shares	[2]	(2,438)				(2,438)
Distributions to noncontrolling interests		(1,660)						(1,660)
Other comprehensive loss		(523)					(523)
Other, net		(132)			254	(272)		(114)
Ending Balance at Mar. 31, 2015		1,675,528	2	3,733	1,741,804	(210,499)	(12,959)	153,447
Beginning Balance at Dec. 31, 2015		1,545,010	0	3,744	1,616,242	(222,880)	(7,644)	155,548
Increase (Decrease) in Equity [Roll Forward]
Net Income		108,667				107,074		1,593
Issuance of common shares, net		17,880		15	17,865
Shares issued under benefit plans, net		2,215		26	2,189
Dividends paid - common shares	[1]	(45,378)				(45,378)
Distributions to noncontrolling interests		(2,139)						(2,139)
Other comprehensive loss		(3,665)					(3,665)
Ending Balance at Mar. 31, 2016		$ 1,622,590	$ 0	$ 3,785	$ 1,636,296	$ (161,184)	$ (11,309)	$ 155,002
[1]	Common dividend per share was $.365 and $.345 for the three months ended March 31, 2016 and 2015, respectively.
[2]	Series F preferred dividend per share was $40.63 for the three months ended March 31, 2015

Condensed Consolidated Stateme9

Condensed Consolidated Statements of Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Common dividend (in dollars per share)	$ 0.365	$ 0.345
6.5% Series F Preferred Shares [Member]
Preferred dividend (in dollars per share)		$ 40.63

Summary Of Significant Accounti

Summary Of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Summary Of Significant Accounting Policies	Summary of Significant Accounting Policies Business Weingarten Realty Investors is a real estate investment trust (“REIT”) organized under the Texas Business Organizations Code. We currently operate, and intend to operate in the future, as a REIT. We, and our predecessor entity, began the ownership and development of shopping centers and other commercial real estate in 1948 . Our primary business is leasing space to tenants in the shopping centers we own or lease. We also provide property management services for which we charge fees to either joint ventures where we are partners or other outside owners. We operate a portfolio of neighborhood and community shopping centers, totaling approximately 44.5 million square feet of gross leaseable area, that is either owned by us or others. We have a diversified tenant base, with our largest tenant comprising only 3.4% of base minimum rental revenue during the first three months of 2016 . Total revenues less operating expenses and real estate taxes from continuing operations ("net operating income from continuing operations") generated by our centers located in Houston and its surrounding areas was 18.3% of total net operating income from continuing operations for the three months ended March 31, 2016 , and an additional 9.8% of net operating income from continuing operations was generated during this period from centers that are located in other parts of Texas. Basis of Presentation Our condensed consolidated financial statements include the accounts of our subsidiaries, certain partially owned real estate joint ventures or partnerships and variable interest entities (“VIEs”) which meet the guidelines for consolidation. All intercompany balances and transactions have been eliminated. The condensed consolidated financial statements included in this report are unaudited; however, amounts presented in the condensed consolidated balance sheet as of December 31, 2015 are derived from our audited financial statements at that date. In our opinion, all adjustments necessary for a fair presentation of such financial statements have been included. Such adjustments consisted of normal recurring items. Interim results are not necessarily indicative of results for a full year. The condensed consolidated financial statements and notes are presented as permitted by Form 10-Q and certain information included in our annual financial statements and notes thereto has been condensed or omitted. These condensed consolidated financial statements should be read in conjunction with our audited consolidated financial statements and related notes for the year ended December 31, 2015 . Our financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). Such statements require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Restricted Deposits and Mortgage Escrows Restricted deposits and mortgage escrows consist of escrow deposits held by lenders primarily for property taxes, insurance and replacement reserves and restricted cash that is held for a specific use or in a qualified escrow account for the purposes of completing like-kind exchange transactions. Our restricted deposits and mortgage escrows consist of the following (in thousands): March 31, December 31, Restricted cash (1) $ 106,262 $ 1,952 Mortgage escrows 1,013 1,122 Total $ 107,275 $ 3,074 _______________ (1) The increase between the periods presented is primarily attributable to $105.2 million of funds being placed in a qualified escrow account for the purpose of completing like-kind exchange transactions. Accumulated Other Comprehensive Loss Changes in accumulated other comprehensive loss by component consists of the following (in thousands): Gain on Investments Gain on Cash Flow Hedges Defined Benefit Pension Plan Total Balance, December 31, 2015 $ (557 ) $ (8,160 ) $ 16,361 $ 7,644 Change excluding amounts reclassified from accumulated other comprehensive loss (18 ) 4,431 4,413 Amounts reclassified from accumulated other comprehensive loss (371 ) (1) (377 ) (2) (748 ) Net other comprehensive (income) loss (18 ) 4,060 (377 ) 3,665 Balance, March 31, 2016 $ (575 ) $ (4,100 ) $ 15,984 $ 11,309 Gain on Investments Gain on Cash Flow Hedges Defined Benefit Pension Plan Total Balance, December 31, 2014 $ (656 ) $ (3,416 ) $ 16,508 $ 12,436 Change excluding amounts reclassified from accumulated other comprehensive loss (79 ) 1,350 1,271 Amounts reclassified from accumulated other comprehensive loss (388 ) (1) (360 ) (2) (748 ) Net other comprehensive (income) loss (79 ) 962 (360 ) 523 Balance, March 31, 2015 $ (735 ) $ (2,454 ) $ 16,148 $ 12,959 _______________ (1) This reclassification component is included in interest expense (see Note 6 for additional information). (2) This reclassification component is included in th e computation of net periodic benefit cost (see Note 12 for additional information). Deferred Compensation Plan Our deferred compensation plan was amended, effective April 1, 2016 , to permit participants in this plan to diversify their holdings of our common shares of beneficial interest ("common shares") six months after vesting. Thus, as of April 1, 2016 , the fully vested share awards and the proportionate share of nonvested share awards eligible for diversification will be reclassified from additional paid-in capital to temporary equity in our Condensed Consolidated Balance Sheet. The share awards will be adjusted to their redemption value each reporting period based upon the market value of our common shares at the end of such reporting period, and such change in value from the prior reporting period will be reported in net income less than accumulated dividends in our Condensed Consolidated Statement of Equity. The following table summarizes the eligible share award activity that would have been recorded in temporary equity, if the amendment was effective as of March 31, 2016 (in thousands): Value of shares resulting from: Change in classification $ 36,261 Change in redemption value 10,429 Total $ 46,690 Retrospective Application of Accounting Standard Update The retrospective application of adopting Accounting Standard Update No. 2015-02, "Amendments to the Consolidation Analysis" on prior years' condensed consolidated balance sheet and applicable notes to the consolidated financial statements was made to conform to the current year presentation. The impact of this change is described in Note 2.

Newly Issued Accounting Pronoun

Newly Issued Accounting Pronouncements	3 Months Ended
	Mar. 31, 2016
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Newly Issued Accounting Pronouncements	Newly Issued Accounting Pronouncements In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09, "Revenue from Contracts with Customers." This ASU's core objective is for an entity to recognize revenue based on the consideration it expects to receive in exchange for goods or services. Additionally, this ASU requires entities to use a single model in accounting for revenues derived from contracts with customers. ASU No. 2014-09 replaces prior guidance regarding the recognition of revenue from sales of real estate, except for revenue from sales that are part of a sale-leaseback transaction. The provisions of ASU No. 2014-09, as amended in ASU No. 2015-14 and ASU No. 2016-08, are effective for us on January 1, 2018, and are required to be applied either on a retrospective or a modified retrospective approach. We are currently assessing the impact, if any, that the adoption of this ASU will have on our consolidated financial statements. In August 2014, the FASB issued ASU No. 2014-15, "Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern." This ASU's core objective is that management should evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued or are available to be issued. The provisions of ASU No. 2014-15 are effective for us as of December 31, 2016, and early adoption is permitted. We early adopted this update effective January 1, 2016, and the adoption did not have any impact to our consolidated financial statements. In February 2015, the FASB issued ASU No. 2015-02, "Amendments to the Consolidation Analysis." This ASU amends the consolidation analysis required under GAAP and requires management to reevaluate all previous consolidation conclusions. ASU No. 2015-02 considers limited partnerships as VIEs, unless the limited partners have either substantive kick-out or participating rights. The presumption that a general partner should consolidate a limited partnership has also been eliminated. The ASU amends the effect that fees paid to a decision maker or service provider have on the consolidation analysis, as well as amends how variable interests held by a reporting entity's related parties affect the consolidation conclusion. The ASU also clarifies how to determine whether equity holders as a group have power over an entity. The provisions of ASU No. 2015-02 were effective for us as of January 1, 2016. Upon adoption of this update, we have reported 10 additional entities as VIEs, since the limited partners in these entities do not have either substantive kick-out or participating rights. The adoption expanded our VIE disclosures for these 10 entities, but had no impact to our condensed consolidated balance sheets or condensed consolidated statements of operations or cash flows as the consolidation status of these entities did not change. Retrospective disclosures associated with our VIEs were made to conform to the current year presentation. In September 2015, the FASB issued ASU No. 2015-16, "Simplifying the Accounting for Measurement-Period Adjustments." This ASU will allow measurement-period adjustments associated with business combinations recorded in the reporting period in which the adjustment amounts are determined, rather than retrospectively, as if the accounting for the business combination had been completed as of the acquisition date. The provisions of ASU No. 2015-16 were effective for us as of January 1, 2016. We have adopted this update, and the adoption did not have have any impact to our consolidated financial statements. In January 2016, the FASB issued ASU No. 2016-01, "Recognition and Measurement of Financial Assets and Financial Liabilities." This ASU will require equity investments, excluding those investments accounted for under the equity method of accounting or those that result in consolidation of the investee, to be measured at fair value with the changes in fair value recognized in net income; will simplify the impairment assessment of those investments; will eliminate the disclosure of the method(s) and significant assumptions used to estimate the fair value for financial instruments measured at amortized cost and change the fair value calculation for those investments; will change the disclosure in other comprehensive income for financial liabilities that are measured at fair value in accordance with the fair value options for financial instruments; and will clarify that a deferred asset related to available-for-sale securities should be included in an entity's evaluation for a valuation allowance. The provisions of ASU No. 2016-01 are effective for us as of January 1, 2018. We are currently assessing the impact, if any, that the adoption of this ASU will have on our consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, "Leases." The ASU sets out the principles for the recognition, measurement, presentation and disclosure of leases for both lessees and lessors. The ASU requires lessees to adopt a right-of-use asset approach that will bring substantially all leases onto the balance sheet, with the exception of short-term leases. The subsequent accounting for this right-of-use asset will be based on a dual-model approach, under which the lease will be classified as either a finance or an operating lease. The lessor accounting model under this ASU is similar to current guidance, but certain underlying principles in the lessor model have been aligned with the new revenue recognition standard. The provisions of ASU No. 2016-02 are effective for us as of January 1, 2019, are required to be applied on a modified retrospective approach and early adoption is permitted. We are currently assessing the impact, if any, that the adoption of this ASU will have on our consolidated financial statements.

Property

Property	3 Months Ended
	Mar. 31, 2016
Real Estate [Abstract]
Property	Property Our property consists of the following (in thousands): March 31, December 31, Land $ 925,164 $ 929,958 Land held for development 91,831 95,524 Land under development 15,013 17,367 Buildings and improvements 3,223,700 3,152,215 Construction in-progress 61,708 67,895 Total $ 4,317,416 $ 4,262,959 During the three months ended March 31, 2016 , we sold three centers and other property. Aggregate gross sales proceeds from these transactions approximated $108.4 million and generated gains of approximately $45.2 million . In February 2016, property increased by $58.7 million as a result of a business combination (see Note 17 for additional information). Also, during the three months ended March 31, 2016 , we invested $6.2 million in new development projects.

Investment In Real Estate Joint

Investment In Real Estate Joint Ventures And Partnerships	3 Months Ended
	Mar. 31, 2016
Equity Method Investments and Joint Ventures [Abstract]
Investment In Real Estate Joint Ventures And Partnerships	Investment in Real Estate Joint Ventures and Partnerships We own interests in real estate joint ventures or limited partnerships and have tenancy-in-common interests in which we exercise significant influence, but do not have financial and operating control. We account for these investments using the equity method, and our interests range from 20% to 75% for the periods presented. Combined condensed financial information of these ventures (at 100%) is summarized as follows (in thousands): March 31, December 31, Combined Condensed Balance Sheets ASSETS Property $ 1,262,257 $ 1,290,784 Accumulated depreciation (257,046 ) (293,474 ) Property, net 1,005,211 997,310 Other assets, net 116,308 130,251 Total Assets $ 1,121,519 $ 1,127,561 LIABILITIES AND EQUITY Debt, net (primarily mortgages payable) $ 347,847 $ 345,186 Amounts payable to Weingarten Realty Investors and Affiliates 12,298 12,285 Other liabilities, net 25,795 29,509 Total Liabilities 385,940 386,980 Equity 735,579 740,581 Total Liabilities and Equity $ 1,121,519 $ 1,127,561 Three Months Ended 2016 2015 Combined Condensed Statements of Operations Revenues, net $ 35,922 $ 37,118 Expenses: Depreciation and amortization 9,381 9,380 Interest, net 4,008 4,417 Operating 7,603 6,465 Real estate taxes, net 4,492 4,532 General and administrative 143 202 Provision for income taxes 59 68 Impairment loss 1,303 — Total 26,989 25,064 Gain on sale of non-operating property 373 — Gain on dispositions — 1,128 Net income $ 9,306 $ 13,182 Our investment in real estate joint ventures and partnerships, as reported in our Condensed Consolidated Balance Sheets, differs from our proportionate share of the entities' underlying net assets due to basis differences, which arose upon the transfer of assets to the joint ventures. The net positive basis differences, which totaled $2.7 million and $4.9 million at March 31, 2016 and December 31, 2015 , respectively, are generally amortized over the useful lives of the related assets. Our real estate joint ventures and partnerships have determined from time to time that the carrying amount of certain centers was not recoverable and that the centers should be written down to fair value. For the three months ended March 31, 2016 , our unconsolidated real estate joint ventures and partnerships recorded an impairment charge of $1.3 million associated with a center that had been marketed and sold during the period. There was no impairment charge for the three months ended March 31, 2015 . Fees earned by us for the management of these real estate joint ventures and partnerships totaled $1.2 million for both the three months ended March 31, 2016 and 2015 . For the three months ended March 31, 2016 , one center and a land parcel was sold for approximately $13.1 million , of which our share of the gain totaled $.2 million . Additionally, one center with a gross purchase price of $65 million was acquired, of which our net interest, of both our direct and indirect investments, aggregates 66% . As of December 31, 2015 , we held a combined 51% interest in an unconsolidated real estate joint venture that owned three centers in Colorado with total assets and debt of $43.7 million and $72.4 million , respectively. In February 2016 , in exchange for our partners' aggregate 49% interest in this venture and $2.5 million in cash, we distributed one center to our partners. We have consolidated this venture as of the transaction date and re-measured our investment in this venture to its fair value (See Note 17 for additional information). During 2015, we sold one center held in a 50% owned unconsolidated real estate joint venture for approximately $1.1 million , of which our share of the gain totaled $.6 million . Associated with this transaction, a gain of $.9 million on our investment of this real estate joint venture was realized. Additionally, we sold three centers and other property held in unconsolidated joint ventures for approximately $17.6 million , of which our share of the gain totaled $1.0 million . Also, a 51% owned unconsolidated real estate joint venture acquired real estate assets of approximately $54.1 million .

Debt

Debt	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Debt	Debt Our debt consists of the following (in thousands): March 31, December 31, Debt payable, net to 2038 (1) $ 1,918,489 $ 1,872,942 Unsecured notes payable under credit facilities 180,000 149,500 Debt service guaranty liability 69,835 69,835 Obligations under capital leases 21,000 21,000 Total $ 2,189,324 $ 2,113,277 _______________ (1) At March 31, 2016 , interest rates ranged from 1.7% to 8.6% at a weighted average rate of 4.3% . At December 31, 2015 , interest rates ranged from 1.0% to 8.6% at a weighted average rate of 4.3% . The allocation of total debt between fixed and variable-rate as well as between secured and unsecured is summarized below (in thousands): March 31, December 31, As to interest rate (including the effects of interest rate contracts): Fixed-rate debt $ 1,915,829 $ 1,869,683 Variable-rate debt 273,495 243,594 Total $ 2,189,324 $ 2,113,277 As to collateralization: Unsecured debt $ 1,681,507 $ 1,650,521 Secured debt 507,817 462,756 Total $ 2,189,324 $ 2,113,277 We maintain a $500 million unsecured revolving credit facility, which was amended and extended on March 30, 2016 . This facility expires in March 2020 , provides for two consecutive six -month extensions upon our request and borrowing rates that float at a margin over LIBOR plus a facility fee. At March 31, 2016 , the borrowing margin and facility fee, which are priced off a grid that is tied to our senior unsecured credit ratings, were 90 and 15 basis points, respectively. The facility also contains a competitive bid feature that allows us to request bids for up to $250 million . Additionally, an accordion feature allows us to increase the facility amount up to $850 million . As of December 31, 2015 , we had a $500 million unsecured revolving credit facility, which was amended and extended on April 18, 2013 . This facility would have expired in April 2017 , provided for two consecutive six -month extensions upon our request and had borrowing rates that floated at a margin over LIBOR plus a facility fee. At December 31, 2015 , the borrowing margin and facility fee, which were priced off a grid that was tied to our senior unsecured credit ratings, were 105 and 15 basis points, respectively. The facility also contained a competitive bid feature that allowed us to request bids for up to $250 million . Additionally, an accordion feature allowed us to increase the facility amount up to $700 million . Effective March 2015 , we entered into an agreement with a bank for a short-term, unsecured facility totaling $20 million that we maintain for cash management purposes. We extended and amended this agreement to reduce the facility to $10 million on March 27, 2016 . The facility, which matures in March 2017 , provides for fixed interest rate loans at a 30 -day LIBOR rate plus a borrowing margin, facility fee and an unused facility fee of 125 , 10 , and 10 basis points, respectively. The following table discloses certain information regarding our unsecured notes payable under our credit facilities (in thousands, except percentages): March 31, December 31, Unsecured revolving credit facility: Balance outstanding $ 180,000 $ 140,000 Available balance 315,190 355,190 Letters of credit outstanding under facility 4,810 4,810 Variable interest rate (excluding facility fee) 1.3 % 1.3 % Unsecured short-term facility: Balance outstanding $ — $ 9,500 Variable interest rate (excluding facility fee) — % 1.7 % Both facilities: Maximum balance outstanding during the period $ 200,000 $ 244,500 Weighted average balance 147,446 100,506 Year-to-date weighted average interest rate (excluding facility fee) 1.3 % 0.9 % Related to a development project in Sheridan, Colorado, we have provided a guaranty for the payment of any debt service shortfalls until a coverage rate of 1.4 x is met on tax increment revenue bonds issued in connection with the project. The bonds are to be repaid with incremental sales and property taxes and a public improvement fee (“PIF”) to be assessed on current and future retail sales and, to the extent necessary, any amounts we may have to provide under a guaranty. The incremental taxes and PIF are to remain intact until the earlier of the date the bond liability has been paid in full or 2040. Therefore, a debt service guaranty liability equal to the fair value of the amounts funded under the bonds was recorded. As of both March 31, 2016 and December 31, 2015 , we had $69.8 million outstanding for the debt service guaranty liability. In May 2015, we issued $250 million of 3.85% senior unsecured notes maturing in 2025 . The notes were issued at 99.23% of the principal amount with a yield to maturity of 3.94% . The net proceeds received of $246.5 million were used to reduce the amount outstanding under our $500 million unsecured revolving credit facility. In March 2015, we entered into a $200 million unsecured term loan. We used the proceeds to pay down amounts outstanding under our $500 million unsecured revolving credit facility. The loan matures in March 2020 , and we have the option to repay the loan without penalty at any time. Borrowing rates under the agreement float at a margin over LIBOR and are priced off a grid that is tied to our senior unsecured credit ratings, which is currently 97.5 basis points, but have been swapped to a fixed rate of 2.5% . Additionally, the loan contains an accordion feature which allows us to increase the loan amount up to an additional $100 million . During 2015, we repaid $90 million of fixed-rate medium term notes upon maturity at a weighted average interest rate of 5.4% . Additionally, we amended an existing $66 million secured note to extend the maturity to 2025 and reduced the interest rate from 7.4% to 3.5% per annum. In connection with this transaction, we have recorded $6.1 million of debt extinguishment costs that have been classified as net interest expense in our Condensed Consolidated Statements of Operations. Various leases and properties, and current and future rentals from those leases and properties, collateralize certain debt. At both March 31, 2016 and December 31, 2015 , the carrying value of such assets aggregated $.8 billion . Scheduled principal payments on our debt (excluding $180.0 million unsecured notes payable under our credit facilities, $21.0 million of certain capital leases, $2.6 million fair value of interest rate contracts, $(4.4) million net premium/(discount) on debt, $(9.5) million of deferred debt costs, $5.9 million of non-cash debt-related items, and $69.8 million debt service guaranty liability) are due during the following years (in thousands): 2016 remaining $ 158,492 2017 175,159 2018 62,538 2019 56,245 2020 237,779 2021 17,667 2022 307,011 2023 304,202 2024 254,394 2025 301,672 Thereafter 48,893 Total $ 1,924,052 Our various debt agreements contain restrictive covenants, including minimum interest and fixed charge coverage ratios, minimum unencumbered interest coverage ratios, minimum net worth requirements and maximum total debt levels. We are not aware of any non-compliance with our public debt and revolving credit facility covenants as of March 31, 2016 .

Derivatives And Hedging

Derivatives And Hedging	3 Months Ended
	Mar. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives And Hedging	Derivatives and Hedging The fair value of all our interest rate swap contracts was reported as follows (in thousands): Assets Liabilities Balance Sheet Location Amount Balance Sheet Location Amount Designated Hedges: March 31, 2016 Other Assets, net $ 2,565 Other Liabilities, net $ 4,617 December 31, 2015 Other Assets, net 2,664 Other Liabilities, net 725 The gross presentation, the effects of offsetting for derivatives with the right to offset under master netting agreements and the net presentation of our interest rate swap contracts is as follows (in thousands): Gross Amounts Not Offset in Balance Sheet Gross Amounts Recognized Gross Amounts Offset in Balance Sheet Net Amounts Presented in Balance Sheet Financial Instruments Cash Collateral Received Net Amount March 31, 2016 Assets $ 2,565 $ — $ 2,565 $ (1,289 ) $ — $ 1,276 Liabilities 4,617 — 4,617 (1,289 ) — 3,328 December 31, 2015 Assets 2,664 — 2,664 (346 ) — 2,318 Liabilities 725 — 725 (346 ) — 379 Cash Flow Hedges As of March 31, 2016 and December 31, 2015 , we had three interest rate swap contracts, maturing through March 2020 , with an aggregate notional amount of $200 million that were designated as cash flow hedges and fix the LIBOR component of the interest rates at 1.5% . We have determined that these contracts are highly effective in offsetting future variable interest cash flows. During 2015, we entered into and settled two forward-starting interest rate swap contracts with an aggregate notional amount of $215 million hedging future fixed-rate debt issuances, which fixed the 10 -year swap rates at 2.0% per annum. Upon settlement of these contracts, we received $5.0 million during 2015 resulting in a gain in accumulated other comprehensive loss. As of March 31, 2016 and December 31, 2015 , the net gain balance in accumulated other comprehensive loss relating to cash flow interest rate swap contracts was $4.1 million and $8.2 million , respectively, and will be reclassified to net interest expense as interest payments are made on the originally hedged debt. Within the next 12 months, a loss of approximately $1.1 million in accumulated other comprehensive loss is expected to be amortized to net interest expense related to our interest rate contracts. A summary of cash flow interest rate swap contract hedging activity is as follows (in thousands): Derivatives Hedging Relationships Amount of (Gain) Loss Recognized in Other Comprehensive Income on Derivative (Effective Portion) Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Income Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Income (Effective Portion) Location of Gain (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing) Amount of Gain (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing) Three Months Ended March 31, 2016 $ 4,431 Interest expense, net $ (371 ) Interest expense, net $ — Three Months Ended March 31, 2015 1,350 Interest expense, net (388 ) Interest expense, net — Fair Value Hedges As of March 31, 2016 and December 31, 2015 , we had two interest rate swap contracts, maturing through October 2017 , with an aggregate notional amount of $63.3 million and $63.7 million , respectively, that were designated as fair value hedges and convert fixed interest payments at rates of 7.5% to variable interest payments ranging from 4.52% to 4.54% and 4.41% to 4.44% , respectively. We have determined that our fair value hedges are highly effective in limiting our risk of changes in the fair value of fixed-rate notes attributable to changes in interest rates. A summary of the impact on net income for our interest rate swap contract hedging activity is as follows (in thousands): Gain (Loss) on Contracts Gain (Loss) on Borrowings Net Settlements and Accruals on Contracts (1) Amount of Gain (Loss) Recognized in Income (2) Three Months Ended March 31, 2016 Interest expense, net $ (98 ) $ 98 $ 466 $ 466 Three Months Ended March 31, 2015 Interest expense, net 53 (53 ) 525 525 _______________ (1) Amounts in this caption include gain (loss) recognized in income on derivatives and net cash settlements. (2) No ineffectiveness was recognized during the respective periods. Credit-risk-related Contingent Features We have agreements with some of our derivative counterparties that contain a provision that if we default on any of our indebtedness, including default where repayment of the indebtedness has not been accelerated by the lender, we could also be declared in default on our derivative obligations. As of March 31, 2016 , the fair value of derivatives in a net liability position, which includes accrued interest but excludes any adjustment for nonperformance risk, related to these agreements was $3.5 million . As of March 31, 2016 , we have not posted any collateral related to these agreements, and if we had breeched any of the provisions, we could have been required to settle our obligations under them at their termination value of $3.5 million .

Common Shares Of Beneficial Int

Common Shares Of Beneficial Interest	3 Months Ended
	Mar. 31, 2016
Equity [Abstract]
Common Shares of Beneficial Interest	Common Shares of Beneficial Interest In February 2015, we established an at-the-market ("ATM") equity offering program under which we may, but are not obligated to, sell up to $200 million of common shares, in amounts and at times as we determine, at prices determined by the market at the time of sale. Actual sales may depend on a variety of factors including, among others, market conditions, the trading price of our common shares, and determinations by management of the appropriate sources of funding for us. We intend to use the net proceeds from future sales for general trust purposes, which may include reducing borrowings under our $500 million unsecured revolving credit facility, repaying other indebtedness or repurchasing outstanding debt. The following shares were sold under the ATM equity offering program (in thousands, except per share amounts): Three Months Ended March 31, 2016 2015 Shares sold 485 809 Weighted average price per share $ 37.25 $ 36.29 Gross proceeds $ 18,065 $ 29,360 As of the date of this filing, an additional 582,907 common shares were sold after March 31, 2016 with gross proceeds totaling $21.9 million , and $119.2 million of common shares remained available for sale under this ATM equity offering program. In October 2015, our Board of Trust Managers approved a $200 million share repurchase plan. Under this plan, we may repurchase common shares from time-to-time in open-market or in privately negotiated purchases. The timing and amount of any shares repurchased will be determined by management based on its evaluation of market conditions and other factors. The repurchase plan may be suspended or discontinued at any time, and we have no obligations to repurchase any amount of our common shares under the plan. As of the date of this filing, we have not repurchased any shares under this plan.

Noncontrolling Interests

Noncontrolling Interests	3 Months Ended
	Mar. 31, 2016
Noncontrolling Interest [Abstract]
Noncontrolling Interests	Noncontrolling Interests The following table summarizes the effect of changes in our ownership interest in subsidiaries on the equity attributable to us as follows (in thousands): Three Months Ended 2016 2015 Net income adjusted for noncontrolling interests $ 107,074 $ 47,647 Transfers from the noncontrolling interests: Increase in equity for operating partnership units — 111 Change from net income adjusted for noncontrolling interests and transfers from the noncontrolling interests $ 107,074 $ 47,758

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	3 Months Ended
	Mar. 31, 2016
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Information	Supplemental Cash Flow Information Non-cash investing and financing activities are summarized as follows (in thousands): Three Months Ended 2016 2015 Accrued property construction costs $ 8,667 $ 6,159 Exchange of operating partnership units for common shares — 111 Consolidation of real estate joint venture (see Note 17): Increase in property, net 58,665 — Increase in restricted deposits and mortgage escrows 30 — Increase in debt, net 48,727 — Increase in security deposits 169 —

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Earnings per common share – basic is computed using net income attributable to common shareholders and the weighted average number of shares outstanding – basic. Earnings per common share – diluted includes the effect of potentially dilutive securities. Income from continuing operations attributable to common shareholders includes gain on sale of property in accordance with Securities and Exchange Commission guidelines. Earnings per common share – basic and diluted components for the periods indicated are as follows (in thousands): Three Months Ended 2016 2015 Numerator: Income from continuing operations $ 63,510 $ 26,700 Gain on sale of property 45,157 22,522 Net income attributable to noncontrolling interests (1,593 ) (1,575 ) Dividends on preferred shares — (2,710 ) Net income attributable to common shareholders - basic 107,074 44,937 Income attributable to operating partnership units 499 481 Net income attributable to common shareholders - diluted $ 107,573 $ 45,418 Denominator: Weighted average shares outstanding – basic 123,593 122,126 Effect of dilutive securities: Share options and awards 1,216 1,430 Operating partnership units 1,462 1,487 Weighted average shares outstanding – diluted 126,271 125,043 Anti-dilutive securities of our common shares, which are excluded from the calculation of earnings per common share – diluted, are as follows (in thousands): Three Months Ended 2016 2015 Share options (1) 463 897 _______________ (1) Exclusion results as exercise prices were greater than the average market price for each respective period.

Share Options And Awards

Share Options And Awards	3 Months Ended
	Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share Options And Awards	Share Options and Awards During 2016 , we granted restricted share awards incorporating both service-based and market-based measures to promote share ownership among the participants and to emphasize the importance of total shareholder return ("TSR"). The terms of each grant vary depending upon the participant's responsibilities and position within the Company. We categorize these share awards as either service-based share awards or market-based share awards. All awards were valued at the fair market value on the date of grant and earn dividends from the date of grant. Compensation expense is measured at the grant date and recognized over the vesting period. Generally, unvested restricted share awards are forfeited upon the termination of the participant’s employment with us. The fair value of the market-based share awards was estimated on the date of grant using a Monte Carlo valuation model based on the following assumptions: Three Months Ended Minimum Maximum Dividend yield 0.0 % 4.0 % Expected volatility (1) 16.0 % 20.4 % Expected life (in years) N/A 3 Risk-free interest rate 0.5 % 0.9 % _______________ (1) Includes the volatility of the FTSE NAREIT U.S. Shopping Center index and Weingarten Realty Investors. A summary of the status of unvested restricted share awards for the three months ended March 31, 2016 is as follows: Unvested Restricted Share Awards Weighted Average Grant Date Fair Value Outstanding, January 1, 2016 589,906 $ 32.05 Granted: Service-based awards 114,654 34.45 Market-based awards relative to FTSE NAREIT U.S. Shopping Center 50,170 37.11 Market-based awards relative to three-year absolute TSR 50,170 24.20 Vested (205,570 ) 31.32 Forfeited (2,506 ) 34.48 Outstanding, March 31, 2016 596,824 $ 32.52 As of March 31, 2016 and December 31, 2015 , there was approximately $3.6 million and $2.2 million , respectively, of total unrecognized compensation cost related to unvested restricted shares, which is expected to be amortized over a weighted average of 1.8 years and 0.8 years, respectively.

Employee Benefit Plans

Employee Benefit Plans	3 Months Ended
	Mar. 31, 2016
Compensation and Retirement Disclosure [Abstract]
Employee Benefit Plans	Employee Benefit Plans Defined Benefit Plan We sponsor a noncontributory qualified retirement plan. The components of net periodic benefit cost for this plan are as follows (in thousands): Three Months Ended 2016 2015 Service cost $ 309 $ 322 Interest cost 498 476 Expected return on plan assets (729 ) (772 ) Recognized loss 377 360 Total $ 455 $ 386 The expected contribution to be paid to the qualified retirement plan during 2016 is approximately $2.0 million . During 2015 , we contributed $1.5 million to the qualified retirement plan. Defined Contribution Plans Compensation expense related to our defined contribution plans was $.9 million and $1.3 million for the three months ended March 31, 2016 and 2015 , respectively .

Related Parties

Related Parties	3 Months Ended
	Mar. 31, 2016
Related Party Transactions [Abstract]
Related Parties	Related Parties Through our management activities and transactions with our real estate joint ventures and partnerships, we had net accounts receivable of $1.3 million and $1.2 million outstanding as of March 31, 2016 and December 31, 2015 , respectively. We also had accounts payable and accrued expenses of $5.4 million and $5.2 million outstanding as of March 31, 2016 and December 31, 2015 , respectively. For both the three months ended March 31, 2016 and 2015 , we recorded joint venture fee income of $1.2 million . As of December 31, 2015 , we held a combined 51% interest in an unconsolidated real estate joint venture that owned three centers in Colorado with total assets and debt of $43.7 million and $72.4 million , respectively. In February 2016 , in exchange for our partners' aggregate 49% interest in this venture and $2.5 million in cash, we distributed one center to our partners. We have consolidated this venture as of the transaction date and re-measured our investment in this venture to its fair value, and recognized a gain of $37.4 million (See Note 17 for additional information).

Commitments And Contingencies

Commitments And Contingencies	3 Months Ended
	Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments And Contingencies	Commitments and Contingencies Commitments and Contingencies As of March 31, 2016 and December 31, 2015 , we participated in two real estate ventures structured as DownREIT partnerships that have centers in Arkansas, North Carolina and Texas. As a general partner, we have operating and financial control over these ventures and consolidate them in our consolidated financial statements. These ventures allow the outside limited partners to put their interest in the partnership to us. We may acquire any limited partnership interests that are put to the partnership, and we have the option to redeem the interest in cash or a fixed number of our common shares, at our discretion. We also participate in a real estate venture that has a property in Texas that allows its outside partner to put operating partnership units to us. We have the option to redeem these units in cash or a fixed number of our common shares, at our discretion. No common shares were issued in exchange for any of these interests during the three months ended March 31, 2016 . For the three months ended March 31, 2015 , common shares valued at $.1 million were issued in exchange for certain of these interests. The aggregate redemption value of these interests was approximately $55 million and $51 million as of March 31, 2016 and December 31, 2015 , respectively. As of March 31, 2016 , we have entered into commitments aggregating $62.0 million comprised principally of construction contracts which are generally due in 12 to 36 months. We have executed an agreement to purchase the retail portion of a mixed-use project for approximately $24.0 million at delivery by the developer, which is estimated to occur in early 2017 . Including this payment, our expected total investment in the retail portion of the project is approximately $30.4 million . We issue letters of intent signifying a willingness to negotiate for acquisitions, dispositions or joint ventures, as well as other types of potential transactions, during the ordinary course of our business. Such letters of intent and other arrangements are non-binding to all parties unless and until a definitive contract is entered into by the parties. Even if definitive contracts relating to the acquisition or disposition of property are entered into, these contracts generally provide the purchaser a time period to evaluate the property and conduct due diligence. The purchaser, during this time, will have the ability to terminate a contract without penalty or forfeiture of any deposit or earnest money. No assurance can be provided that any definitive contracts will be entered into with respect to any matter covered by letters of intent, or that we will consummate any transaction contemplated by a definitive contract. Additionally, due diligence periods for property transactions are frequently extended as needed. An acquisition or disposition of property becomes probable at the time the due diligence period expires and the definitive contract has not been terminated. Our risk is then generally extended only to any earnest money deposits associated with property acquisition contracts, and our obligation to sell under a property sales contract. We are subject to numerous federal, state and local environmental laws, ordinances and regulations in the areas where we own or operate properties. We are not aware of any contamination which may have been caused by us or any of our tenants that would have a material effect on our consolidated financial statements. As part of our risk management activities, we have applied and been accepted into state sponsored environmental programs which will limit our expenses if contaminants need to be remediated. We also have an environmental insurance policy that covers us against third party liabilities and remediation costs. While we believe that we do not have any material exposure to environmental remediation costs, we cannot give absolute assurance that changes in the law or new discoveries of contamination will not result in additional liabilities to us. Litigation We are involved in various matters of litigation arising in the normal course of business. While we are unable to predict the amounts involved, our management and counsel are of the opinion that, when such litigation is resolved, any additional liability, if any, will not have a material effect on our consolidated financial statements.

Variable Interest Entities

Variable Interest Entities	3 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Variable Interest Entities	Variable Interest Entities Consolidated VIEs At March 31, 2016 and December 31, 2015 , 11 of our real estate joint ventures, whose activities primarily consisted of owning and operating 30 neighborhood/community shopping centers, were determined to be VIEs. Based on a financing agreement by one of our real estate joint ventures that is guaranteed solely by us, we have determined that we are the primary beneficiary and have consolidated this joint venture. For the remaining real estate joint ventures, we concluded we are the primary beneficiary based primarily on our significant power to direct the entities' activities without any substantive kick-out or participating rights. A summary of our consolidated VIE is as follows (in thousands): March 31, December 31, Assets Held by VIEs (1) $ 284,208 $ 289,558 Assets Held as Collateral for Debt (2) 54,735 57,735 Debt Held by a VIE (2) 37,178 37,178 _______________ (1) Upon adoption of ASU No. 2015-02, "Amendments to the Consolidation Analysis," prior year's amount was made to conform to the current year presentation. See Note 2 for additional information. (2) Represents the amount of debt and related assets held as collateral that are solely guaranteed by us at one real estate joint venture. Restrictions on the use of these assets can be significant because they may serve as collateral for debt. Further, we are generally required to obtain our partner's approval in accordance with the joint venture agreement for any major transactions. Transactions with these joint ventures on our consolidated financial statements have primarily been positive as demonstrated by the generation of net income and operating cash flows, as well as the receipt of cash distributions. We and our partners are subject to the provisions of the joint venture agreements which include provisions for when additional contributions may be required to fund operating cash shortfalls and unplanned capital expenditures. For the three months ended March 31, 2016 , no additional contributions were made or are anticipated for these joint ventures. In May 2015, the joint venture agreement related to a VIE, in which we guaranteed its debt, was amended to reflect an additional contribution of $43 million made by us to the joint venture in the form of a preferred equity arrangement. The amended agreement specified that these funds were to be used by the joint venture to pay down debt that became due. This arrangement provided the most favorable economics, including financing and taxation considerations, to the joint venture, as well as to us. Unconsolidated VIEs At March 31, 2016 and December 31, 2015 , one unconsolidated real estate joint venture was determined to be a VIE through the issuance of a secured loan, since the lender had the ability to make decisions that could have a significant impact on the success of the entity. A summary of our unconsolidated VIE is as follows (in thousands): March 31, December 31, Investment in Real Estate Joint Ventures and Partnerships, net (1) (2) $ — $ 10,497 Maximum Risk of Loss (3) 34,000 10,992 _______________ (1) The carrying amount of the investment represents our contributions to the real estate joint venture, net of any distributions made and our portion of the equity in earnings of the joint venture. (2) As of March 31, 2016 , the carrying amount of the investment is $(7) million , which is included in Other Liabilities as a result of the distribution of proceeds from the issuance of debt. (3) The maximum risk of loss has been determined to be limited to our debt exposure for the real estate joint venture. We and our partner are subject to the provisions of the joint venture agreement that specify conditions, including operating shortfalls and unplanned capital expenditures, under which additional contributions may be required.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Recurring Fair Value Measurements Assets and liabilities measured at fair value on a recurring basis as of March 31, 2016 and December 31, 2015 , aggregated by the level in the fair value hierarchy in which those measurements fall, are as follows (in thousands): Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value at Assets: Investments, mutual funds held in a grantor trust $ 20,476 $ 20,476 Investments, mutual funds 7,070 7,070 Derivative instruments: Interest rate contracts $ 2,565 2,565 Total $ 27,546 $ 2,565 $ — $ 30,111 Liabilities: Derivative instruments: Interest rate contracts $ 4,617 $ 4,617 Deferred compensation plan obligations $ 20,476 20,476 Total $ 20,476 $ 4,617 $ — $ 25,093 Quoted Prices Significant Significant Fair Value at Assets: Investments, mutual funds held in a grantor trust $ 20,579 $ 20,579 Investments, mutual funds 7,043 7,043 Derivative instruments: Interest rate contracts $ 2,664 2,664 Total $ 27,622 $ 2,664 $ — $ 30,286 Liabilities: Derivative instruments: Interest rate contracts $ 725 $ 725 Deferred compensation plan obligations $ 20,579 20,579 Total $ 20,579 $ 725 $ — $ 21,304 Fair Value Disclosures Unless otherwise described below, short-term financial instruments and receivables are carried at amounts which approximate their fair values based on their highly-liquid nature, short-term maturities and/or expected interest rates for similar instruments. Schedule of our fair value disclosures is as follows (in thousands): March 31, 2016 December 31, 2015 Carrying Value Fair Value Using Significant Other Observable Inputs (Level 2) Fair Value Using Significant Unobservable Inputs (Level 3) Carrying Value Fair Value Fair Value Using Significant Unobservable Inputs (Level 3) Tax increment revenue bonds (1) $ 25,162 $ 25,162 $ 25,162 $ 25,162 Investments, held to maturity (2) 2,500 $ 2,504 1,750 $ 1,750 Debt: Fixed-rate debt 1,915,829 1,961,630 1,869,683 1,907,579 Variable-rate debt 273,495 277,641 243,594 248,460 _______________ (1) At March 31, 2016 and December 31, 2015 , the credit loss balance on our tax increment revenue bonds was $31.0 million . (2) Investments held to maturity are recorded at cost. As of March 31, 2016 , these investments have a gross unrealized gain of $4 thousand , and as of December 31, 2015 , no unrealized gain or loss was recognized. The quantitative information about the significant unobservable inputs used for our Level 3 fair value measurements as of March 31, 2016 and December 31, 2015 reported in the above tables, is as follows: Description Fair Value at Unobservable Inputs Range March 31, December 31, Minimum Maximum (in thousands) Valuation Technique 2016 2015 2016 2015 Tax increment revenue bonds $ 25,162 $ 25,162 Discounted cash flows Discount rate 6.5 % 6.5 % 7.5 % 7.5 % Expected future growth rate 1.0 % 1.0 % 5.0 % 2.0 % Expected future inflation rate 1.0 % 1.0 % 2.0 % 3.0 % Fixed-rate debt 1,961,630 1,907,579 Discounted cash flows Discount rate 2.3 % 2.4 % 5.4 % 5.5 % Variable-rate debt 277,641 248,460 Discounted cash flows Discount rate 1.3 % 1.3 % 3.2 % 3.2 %

Business Combinations

Business Combinations	3 Months Ended
	Mar. 31, 2016
Business Combinations [Abstract]
Business Combinations	Business Combination Except as identified below, our aggregate acquisitions for 2016 and 2015 were not materially significant for disclosure purposes. Effective February 12, 2016 , we acquired a partner’s 49% interest in an unconsolidated joint venture associated with two centers in Colorado, which resulted in the consolidation of these centers (see Note 13 for additional information). Management has determined that this transaction qualified as a business combination to be accounted for under the acquisition method. Accordingly, the assets and liabilities of this transaction were recorded in our Condensed Consolidated Balance Sheet at its estimated fair value as of the effective date. Fair value of assets acquired, liabilities assumed and equity interests were estimated using market-based measurements, including cash flow and other valuation techniques. The fair value measurement is based on both significant inputs for similar assets and liabilities in comparable markets and significant inputs that are not observable in the markets in accordance with our fair value measurements accounting policy. Key assumptions include third-party appraisals; a minority interest discount rate of 20% ; cash flow discount rates ranging from 6.5% to 8% ; a terminal capitalization rate for similar properties ranging from 6% to 7.5% ; and factors that we believe market participants would consider in estimating fair value. The result of this transaction is included in our Condensed Consolidated Statements of Operations beginning February 12, 2016 . The following table summarizes the transaction related to the business combination, including the assets acquired and liabilities assumed as indicated (in thousands): February 12, 2016 Fair value of our equity interest before business combination $ 22,514 (1) Amounts recognized for assets and liabilities assumed: Assets: Property $ 58,665 Unamortized lease costs 13,736 Accrued rent and accounts receivable 102 Cash and cash equivalents 3,555 Other, net 192 Liabilities: Debt, net (48,727 ) Accounts payable and accrued expenses (1,339 ) Other, net (3,670 ) Total net assets $ 22,514 Gain recognized on equity interest remeasured to fair value $ 37,383 (2) ___________________ (1) Includes $2.5 million of cash received from the partner. (2) Amount is included in Gain on Sale and Acquisition of Real Estate Joint Venture and Partnership Interests in our Condensed Consolidated Statement of Operations. The following table summarizes the impact to revenues and net income attributable to common shareholders from our business combination as follows (in thousands): Three Months Ended Increase in revenues $ 946 Decrease in net income attributable to common shareholders 500 The following unaudited supplemental pro forma data is presented for the quarters ended March 31, 2016 and 2015 , as if the business combination occurring in 2016 was completed on January 1, 2015 . The gain related to this business combination was adjusted to the assumed acquisition date. The unaudited supplemental pro forma data is not necessarily indicative of what the actual results of our operations would have been assuming the transaction had been completed as set forth above, nor do they purport to represent our results of operations for future periods. The following table summarizes the supplemental pro forma data, as follows (in thousands, except per share amounts): Three Months Ended March 31, Pro Forma 2016 (1) Pro Forma 2015 (1) Revenues $ 132,953 $ 127,132 Net income 71,158 86,331 Net income attributable to common shareholders 69,565 82,046 Earnings per share – basic .56 .67 Earnings per share – diluted .55 .66 ___________________ (1) There are no non-recurring pro forma adjustments included within or excluded from the amounts in the preceding table.

Summary Of Significant Accoun27

Summary Of Significant Accounting Policies (Policy)	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Basis Of Presentation	Basis of Presentation Our condensed consolidated financial statements include the accounts of our subsidiaries, certain partially owned real estate joint ventures or partnerships and variable interest entities (“VIEs”) which meet the guidelines for consolidation. All intercompany balances and transactions have been eliminated. The condensed consolidated financial statements included in this report are unaudited; however, amounts presented in the condensed consolidated balance sheet as of December 31, 2015 are derived from our audited financial statements at that date. In our opinion, all adjustments necessary for a fair presentation of such financial statements have been included. Such adjustments consisted of normal recurring items. Interim results are not necessarily indicative of results for a full year. The condensed consolidated financial statements and notes are presented as permitted by Form 10-Q and certain information included in our annual financial statements and notes thereto has been condensed or omitted. These condensed consolidated financial statements should be read in conjunction with our audited consolidated financial statements and related notes for the year ended December 31, 2015 . Our financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). Such statements require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates.
Restricted Deposits And Mortgage Escrows	Restricted Deposits and Mortgage Escrows Restricted deposits and mortgage escrows consist of escrow deposits held by lenders primarily for property taxes, insurance and replacement reserves and restricted cash that is held for a specific use or in a qualified escrow account for the purposes of completing like-kind exchange transactions.
Retrospective Application of Accounting Standard Update	Retrospective Application of Accounting Standard Update The retrospective application of adopting Accounting Standard Update No. 2015-02, "Amendments to the Consolidation Analysis" on prior years' condensed consolidated balance sheet and applicable notes to the consolidated financial statements was made to conform to the current year presentation. The impact of this change is described in Note 2.
New Accounting Pronouncements	In September 2015, the FASB issued ASU No. 2015-16, "Simplifying the Accounting for Measurement-Period Adjustments." This ASU will allow measurement-period adjustments associated with business combinations recorded in the reporting period in which the adjustment amounts are determined, rather than retrospectively, as if the accounting for the business combination had been completed as of the acquisition date. The provisions of ASU No. 2015-16 were effective for us as of January 1, 2016. We have adopted this update, and the adoption did not have have any impact to our consolidated financial statements. Newly Issued Accounting Pronouncements In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09, "Revenue from Contracts with Customers." This ASU's core objective is for an entity to recognize revenue based on the consideration it expects to receive in exchange for goods or services. Additionally, this ASU requires entities to use a single model in accounting for revenues derived from contracts with customers. ASU No. 2014-09 replaces prior guidance regarding the recognition of revenue from sales of real estate, except for revenue from sales that are part of a sale-leaseback transaction. The provisions of ASU No. 2014-09, as amended in ASU No. 2015-14 and ASU No. 2016-08, are effective for us on January 1, 2018, and are required to be applied either on a retrospective or a modified retrospective approach. We are currently assessing the impact, if any, that the adoption of this ASU will have on our consolidated financial statements. In August 2014, the FASB issued ASU No. 2014-15, "Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern." This ASU's core objective is that management should evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued or are available to be issued. The provisions of ASU No. 2014-15 are effective for us as of December 31, 2016, and early adoption is permitted. We early adopted this update effective January 1, 2016, and the adoption did not have any impact to our consolidated financial statements. In February 2015, the FASB issued ASU No. 2015-02, "Amendments to the Consolidation Analysis." This ASU amends the consolidation analysis required under GAAP and requires management to reevaluate all previous consolidation conclusions. ASU No. 2015-02 considers limited partnerships as VIEs, unless the limited partners have either substantive kick-out or participating rights. The presumption that a general partner should consolidate a limited partnership has also been eliminated. The ASU amends the effect that fees paid to a decision maker or service provider have on the consolidation analysis, as well as amends how variable interests held by a reporting entity's related parties affect the consolidation conclusion. The ASU also clarifies how to determine whether equity holders as a group have power over an entity. The provisions of ASU No. 2015-02 were effective for us as of January 1, 2016. Upon adoption of this update, we have reported 10 additional entities as VIEs, since the limited partners in these entities do not have either substantive kick-out or participating rights. The adoption expanded our VIE disclosures for these 10 entities, but had no impact to our condensed consolidated balance sheets or condensed consolidated statements of operations or cash flows as the consolidation status of these entities did not change. Retrospective disclosures associated with our VIEs were made to conform to the current year presentation. In September 2015, the FASB issued ASU No. 2015-16, "Simplifying the Accounting for Measurement-Period Adjustments." This ASU will allow measurement-period adjustments associated with business combinations recorded in the reporting period in which the adjustment amounts are determined, rather than retrospectively, as if the accounting for the business combination had been completed as of the acquisition date. The provisions of ASU No. 2015-16 were effective for us as of January 1, 2016. We have adopted this update, and the adoption did not have have any impact to our consolidated financial statements. In January 2016, the FASB issued ASU No. 2016-01, "Recognition and Measurement of Financial Assets and Financial Liabilities." This ASU will require equity investments, excluding those investments accounted for under the equity method of accounting or those that result in consolidation of the investee, to be measured at fair value with the changes in fair value recognized in net income; will simplify the impairment assessment of those investments; will eliminate the disclosure of the method(s) and significant assumptions used to estimate the fair value for financial instruments measured at amortized cost and change the fair value calculation for those investments; will change the disclosure in other comprehensive income for financial liabilities that are measured at fair value in accordance with the fair value options for financial instruments; and will clarify that a deferred asset related to available-for-sale securities should be included in an entity's evaluation for a valuation allowance. The provisions of ASU No. 2016-01 are effective for us as of January 1, 2018. We are currently assessing the impact, if any, that the adoption of this ASU will have on our consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, "Leases." The ASU sets out the principles for the recognition, measurement, presentation and disclosure of leases for both lessees and lessors. The ASU requires lessees to adopt a right-of-use asset approach that will bring substantially all leases onto the balance sheet, with the exception of short-term leases. The subsequent accounting for this right-of-use asset will be based on a dual-model approach, under which the lease will be classified as either a finance or an operating lease. The lessor accounting model under this ASU is similar to current guidance, but certain underlying principles in the lessor model have been aligned with the new revenue recognition standard. The provisions of ASU No. 2016-02 are effective for us as of January 1, 2019, are required to be applied on a modified retrospective approach and early adoption is permitted. We are currently assessing the impact, if any, that the adoption of this ASU will have on our consolidated financial statements.

Summary Of Significant Accoun28

Summary Of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Schedule Of Restricted Deposits And Mortgage Escrows	Our restricted deposits and mortgage escrows consist of the following (in thousands): March 31, December 31, Restricted cash (1) $ 106,262 $ 1,952 Mortgage escrows 1,013 1,122 Total $ 107,275 $ 3,074 _______________ (1) The increase between the periods presented is primarily attributable to $105.2 million of funds being placed in a qualified escrow account for the purpose of completing like-kind exchange transactions.
Schedule Of Accumulated Other Comprehensive Loss	Changes in accumulated other comprehensive loss by component consists of the following (in thousands): Gain on Investments Gain on Cash Flow Hedges Defined Benefit Pension Plan Total Balance, December 31, 2015 $ (557 ) $ (8,160 ) $ 16,361 $ 7,644 Change excluding amounts reclassified from accumulated other comprehensive loss (18 ) 4,431 4,413 Amounts reclassified from accumulated other comprehensive loss (371 ) (1) (377 ) (2) (748 ) Net other comprehensive (income) loss (18 ) 4,060 (377 ) 3,665 Balance, March 31, 2016 $ (575 ) $ (4,100 ) $ 15,984 $ 11,309 Gain on Investments Gain on Cash Flow Hedges Defined Benefit Pension Plan Total Balance, December 31, 2014 $ (656 ) $ (3,416 ) $ 16,508 $ 12,436 Change excluding amounts reclassified from accumulated other comprehensive loss (79 ) 1,350 1,271 Amounts reclassified from accumulated other comprehensive loss (388 ) (1) (360 ) (2) (748 ) Net other comprehensive (income) loss (79 ) 962 (360 ) 523 Balance, March 31, 2015 $ (735 ) $ (2,454 ) $ 16,148 $ 12,959 _______________ (1) This reclassification component is included in interest expense (see Note 6 for additional information). (2) This reclassification component is included in th e computation of net periodic benefit cost (see Note 12 for additional information).
Summary Of Eligible Share Award Activity That Would Have Been Recorded in Temporary Equity	The following table summarizes the eligible share award activity that would have been recorded in temporary equity, if the amendment was effective as of March 31, 2016 (in thousands): Value of shares resulting from: Change in classification $ 36,261 Change in redemption value 10,429 Total $ 46,690

Property (Tables)

Property (Tables)	3 Months Ended
	Mar. 31, 2016
Real Estate [Abstract]
Schedule of Property	Our property consists of the following (in thousands): March 31, December 31, Land $ 925,164 $ 929,958 Land held for development 91,831 95,524 Land under development 15,013 17,367 Buildings and improvements 3,223,700 3,152,215 Construction in-progress 61,708 67,895 Total $ 4,317,416 $ 4,262,959

Investment In Real Estate Joi30

Investment In Real Estate Joint Ventures And Partnerships (Tables)	3 Months Ended
	Mar. 31, 2016
Equity Method Investments and Joint Ventures [Abstract]
Schedule Of Combined Condensed Balance Sheets	Combined condensed financial information of these ventures (at 100%) is summarized as follows (in thousands): March 31, December 31, Combined Condensed Balance Sheets ASSETS Property $ 1,262,257 $ 1,290,784 Accumulated depreciation (257,046 ) (293,474 ) Property, net 1,005,211 997,310 Other assets, net 116,308 130,251 Total Assets $ 1,121,519 $ 1,127,561 LIABILITIES AND EQUITY Debt, net (primarily mortgages payable) $ 347,847 $ 345,186 Amounts payable to Weingarten Realty Investors and Affiliates 12,298 12,285 Other liabilities, net 25,795 29,509 Total Liabilities 385,940 386,980 Equity 735,579 740,581 Total Liabilities and Equity $ 1,121,519 $ 1,127,561
Schedule Of Combined Condensed Statements Of Operations	Three Months Ended 2016 2015 Combined Condensed Statements of Operations Revenues, net $ 35,922 $ 37,118 Expenses: Depreciation and amortization 9,381 9,380 Interest, net 4,008 4,417 Operating 7,603 6,465 Real estate taxes, net 4,492 4,532 General and administrative 143 202 Provision for income taxes 59 68 Impairment loss 1,303 — Total 26,989 25,064 Gain on sale of non-operating property 373 — Gain on dispositions — 1,128 Net income $ 9,306 $ 13,182

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Schedule Of Debt	Our debt consists of the following (in thousands): March 31, December 31, Debt payable, net to 2038 (1) $ 1,918,489 $ 1,872,942 Unsecured notes payable under credit facilities 180,000 149,500 Debt service guaranty liability 69,835 69,835 Obligations under capital leases 21,000 21,000 Total $ 2,189,324 $ 2,113,277 _______________ (1) At March 31, 2016 , interest rates ranged from 1.7% to 8.6% at a weighted average rate of 4.3% . At December 31, 2015 , interest rates ranged from 1.0% to 8.6% at a weighted average rate of 4.3% .
Grouping Of Debt Between Fixed And Variable As Well As Secured And Unsecured	The allocation of total debt between fixed and variable-rate as well as between secured and unsecured is summarized below (in thousands): March 31, December 31, As to interest rate (including the effects of interest rate contracts): Fixed-rate debt $ 1,915,829 $ 1,869,683 Variable-rate debt 273,495 243,594 Total $ 2,189,324 $ 2,113,277 As to collateralization: Unsecured debt $ 1,681,507 $ 1,650,521 Secured debt 507,817 462,756 Total $ 2,189,324 $ 2,113,277
Schedule Of Credit Facilities	The following table discloses certain information regarding our unsecured notes payable under our credit facilities (in thousands, except percentages): March 31, December 31, Unsecured revolving credit facility: Balance outstanding $ 180,000 $ 140,000 Available balance 315,190 355,190 Letters of credit outstanding under facility 4,810 4,810 Variable interest rate (excluding facility fee) 1.3 % 1.3 % Unsecured short-term facility: Balance outstanding $ — $ 9,500 Variable interest rate (excluding facility fee) — % 1.7 % Both facilities: Maximum balance outstanding during the period $ 200,000 $ 244,500 Weighted average balance 147,446 100,506 Year-to-date weighted average interest rate (excluding facility fee) 1.3 % 0.9 %
Principal Payments Of Debt	Scheduled principal payments on our debt (excluding $180.0 million unsecured notes payable under our credit facilities, $21.0 million of certain capital leases, $2.6 million fair value of interest rate contracts, $(4.4) million net premium/(discount) on debt, $(9.5) million of deferred debt costs, $5.9 million of non-cash debt-related items, and $69.8 million debt service guaranty liability) are due during the following years (in thousands): 2016 remaining $ 158,492 2017 175,159 2018 62,538 2019 56,245 2020 237,779 2021 17,667 2022 307,011 2023 304,202 2024 254,394 2025 301,672 Thereafter 48,893 Total $ 1,924,052

Derivatives And Hedging (Tables

Derivatives And Hedging (Tables)	3 Months Ended
	Mar. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule Of Interest Rate Contracts Reported At Fair Value	The fair value of all our interest rate swap contracts was reported as follows (in thousands): Assets Liabilities Balance Sheet Location Amount Balance Sheet Location Amount Designated Hedges: March 31, 2016 Other Assets, net $ 2,565 Other Liabilities, net $ 4,617 December 31, 2015 Other Assets, net 2,664 Other Liabilities, net 725
Schedule of Offsetting Derivative Liabilities	The gross presentation, the effects of offsetting for derivatives with the right to offset under master netting agreements and the net presentation of our interest rate swap contracts is as follows (in thousands): Gross Amounts Not Offset in Balance Sheet Gross Amounts Recognized Gross Amounts Offset in Balance Sheet Net Amounts Presented in Balance Sheet Financial Instruments Cash Collateral Received Net Amount March 31, 2016 Assets $ 2,565 $ — $ 2,565 $ (1,289 ) $ — $ 1,276 Liabilities 4,617 — 4,617 (1,289 ) — 3,328 December 31, 2015 Assets 2,664 — 2,664 (346 ) — 2,318 Liabilities 725 — 725 (346 ) — 379
Schedule of Offsetting of Derivative Assets	The gross presentation, the effects of offsetting for derivatives with the right to offset under master netting agreements and the net presentation of our interest rate swap contracts is as follows (in thousands): Gross Amounts Not Offset in Balance Sheet Gross Amounts Recognized Gross Amounts Offset in Balance Sheet Net Amounts Presented in Balance Sheet Financial Instruments Cash Collateral Received Net Amount March 31, 2016 Assets $ 2,565 $ — $ 2,565 $ (1,289 ) $ — $ 1,276 Liabilities 4,617 — 4,617 (1,289 ) — 3,328 December 31, 2015 Assets 2,664 — 2,664 (346 ) — 2,318 Liabilities 725 — 725 (346 ) — 379
Summary Of Cash Flow Interest Rate Contract Hedging Activity	A summary of cash flow interest rate swap contract hedging activity is as follows (in thousands): Derivatives Hedging Relationships Amount of (Gain) Loss Recognized in Other Comprehensive Income on Derivative (Effective Portion) Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Income Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Income (Effective Portion) Location of Gain (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing) Amount of Gain (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing) Three Months Ended March 31, 2016 $ 4,431 Interest expense, net $ (371 ) Interest expense, net $ — Three Months Ended March 31, 2015 1,350 Interest expense, net (388 ) Interest expense, net —
Summary Of Fair Value Interest Rate Contracts Activity	A summary of the impact on net income for our interest rate swap contract hedging activity is as follows (in thousands): Gain (Loss) on Contracts Gain (Loss) on Borrowings Net Settlements and Accruals on Contracts (1) Amount of Gain (Loss) Recognized in Income (2) Three Months Ended March 31, 2016 Interest expense, net $ (98 ) $ 98 $ 466 $ 466 Three Months Ended March 31, 2015 Interest expense, net 53 (53 ) 525 525 _______________ (1) Amounts in this caption include gain (loss) recognized in income on derivatives and net cash settlements. (2) No ineffectiveness was recognized during the respective periods. Credit-risk-related Contingent Features We have agreements with some of our derivative counterparties that contain a provision that if we default on any of our indebtedness, including default where repayment of the indebtedness has not been accelerated by the lender, we could also be declared in default on our derivative obligations. As of March 31, 2016 , the fair value of derivatives in a net liability position, which includes accrued interest but excludes any adjustment for nonperformance risk, related to these agreements was $3.5 million . As of March 31, 2016 , we have not posted any collateral related to these agreements, and if we had breeched any of the provisions, we could have been required to settle our obligations under them at their termination value of $3.5 million .

Common Shares Of Beneficial I33

Common Shares Of Beneficial Interest (Tables)	3 Months Ended
	Mar. 31, 2016
Equity [Abstract]
Schedule of ATM Equity Program	The following shares were sold under the ATM equity offering program (in thousands, except per share amounts): Three Months Ended March 31, 2016 2015 Shares sold 485 809 Weighted average price per share $ 37.25 $ 36.29 Gross proceeds $ 18,065 $ 29,360 As of the date of this filing, an additional 582,907 common shares were sold after March 31, 2016 with gross proceeds totaling $21.9 million , and $119.2 million of common shares remained available for sale under this ATM equity offering program.

Noncontrolling Interests (Table

Noncontrolling Interests (Tables)	3 Months Ended
	Mar. 31, 2016
Noncontrolling Interest [Abstract]
Effect Of Changes In Ownership Interest In Subsidiaries On Consolidated Equity	The following table summarizes the effect of changes in our ownership interest in subsidiaries on the equity attributable to us as follows (in thousands): Three Months Ended 2016 2015 Net income adjusted for noncontrolling interests $ 107,074 $ 47,647 Transfers from the noncontrolling interests: Increase in equity for operating partnership units — 111 Change from net income adjusted for noncontrolling interests and transfers from the noncontrolling interests $ 107,074 $ 47,758

Supplemental Cash Flow Inform35

Supplemental Cash Flow Information (Tables)	3 Months Ended
	Mar. 31, 2016
Supplemental Cash Flow Elements [Abstract]
Summary Of Non-Cash Investing And Financing Activities	Non-cash investing and financing activities are summarized as follows (in thousands): Three Months Ended 2016 2015 Accrued property construction costs $ 8,667 $ 6,159 Exchange of operating partnership units for common shares — 111 Consolidation of real estate joint venture (see Note 17): Increase in property, net 58,665 — Increase in restricted deposits and mortgage escrows 30 — Increase in debt, net 48,727 — Increase in security deposits 169 —

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Components of Earnings Per Common Share - Basic and Diluted	Earnings per common share – basic and diluted components for the periods indicated are as follows (in thousands): Three Months Ended 2016 2015 Numerator: Income from continuing operations $ 63,510 $ 26,700 Gain on sale of property 45,157 22,522 Net income attributable to noncontrolling interests (1,593 ) (1,575 ) Dividends on preferred shares — (2,710 ) Net income attributable to common shareholders - basic 107,074 44,937 Income attributable to operating partnership units 499 481 Net income attributable to common shareholders - diluted $ 107,573 $ 45,418 Denominator: Weighted average shares outstanding – basic 123,593 122,126 Effect of dilutive securities: Share options and awards 1,216 1,430 Operating partnership units 1,462 1,487 Weighted average shares outstanding – diluted 126,271 125,043
Schedule Of Anti-Dilutive Securities Of Common Shares	Anti-dilutive securities of our common shares, which are excluded from the calculation of earnings per common share – diluted, are as follows (in thousands): Three Months Ended 2016 2015 Share options (1) 463 897 _______________ (1) Exclusion results as exercise prices were greater than the average market price for each respective period.

Share Options And Awards (Table

Share Options And Awards (Tables)	3 Months Ended
	Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Fair Value Of Market-Based Share Awards Assumptions	The fair value of the market-based share awards was estimated on the date of grant using a Monte Carlo valuation model based on the following assumptions: Three Months Ended Minimum Maximum Dividend yield 0.0 % 4.0 % Expected volatility (1) 16.0 % 20.4 % Expected life (in years) N/A 3 Risk-free interest rate 0.5 % 0.9 % _______________ (1) Includes the volatility of the FTSE NAREIT U.S. Shopping Center index and Weingarten Realty Investors.
Summary Of The Status Of Unvested Restricted Share Awards	A summary of the status of unvested restricted share awards for the three months ended March 31, 2016 is as follows: Unvested Restricted Share Awards Weighted Average Grant Date Fair Value Outstanding, January 1, 2016 589,906 $ 32.05 Granted: Service-based awards 114,654 34.45 Market-based awards relative to FTSE NAREIT U.S. Shopping Center 50,170 37.11 Market-based awards relative to three-year absolute TSR 50,170 24.20 Vested (205,570 ) 31.32 Forfeited (2,506 ) 34.48 Outstanding, March 31, 2016 596,824 $ 32.52

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	3 Months Ended
	Mar. 31, 2016
Compensation and Retirement Disclosure [Abstract]
Schedule Of Net Periodic Benefit Cost	The components of net periodic benefit cost for this plan are as follows (in thousands): Three Months Ended 2016 2015 Service cost $ 309 $ 322 Interest cost 498 476 Expected return on plan assets (729 ) (772 ) Recognized loss 377 360 Total $ 455 $ 386

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	3 Months Ended
	Mar. 31, 2016
Consolidated Variable Interest Entities [Member]
Variable Interest Entity [Line Items]
Summary Of Variable Interest Entities	A summary of our consolidated VIE is as follows (in thousands): March 31, December 31, Assets Held by VIEs (1) $ 284,208 $ 289,558 Assets Held as Collateral for Debt (2) 54,735 57,735 Debt Held by a VIE (2) 37,178 37,178 _______________ (1) Upon adoption of ASU No. 2015-02, "Amendments to the Consolidation Analysis," prior year's amount was made to conform to the current year presentation. See Note 2 for additional information. (2) Represents the amount of debt and related assets held as collateral that are solely guaranteed by us at one real estate joint venture.
Unconsolidated Variable Interest Entities [Member]
Variable Interest Entity [Line Items]
Summary Of Variable Interest Entities	A summary of our unconsolidated VIE is as follows (in thousands): March 31, December 31, Investment in Real Estate Joint Ventures and Partnerships, net (1) (2) $ — $ 10,497 Maximum Risk of Loss (3) 34,000 10,992 _______________ (1) The carrying amount of the investment represents our contributions to the real estate joint venture, net of any distributions made and our portion of the equity in earnings of the joint venture. (2) As of March 31, 2016 , the carrying amount of the investment is $(7) million , which is included in Other Liabilities as a result of the distribution of proceeds from the issuance of debt. (3) The maximum risk of loss has been determined to be limited to our debt exposure for the real estate joint venture.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Assets And Liabilities Measured On Recurring Basis	Assets and liabilities measured at fair value on a recurring basis as of March 31, 2016 and December 31, 2015 , aggregated by the level in the fair value hierarchy in which those measurements fall, are as follows (in thousands): Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value at Assets: Investments, mutual funds held in a grantor trust $ 20,476 $ 20,476 Investments, mutual funds 7,070 7,070 Derivative instruments: Interest rate contracts $ 2,565 2,565 Total $ 27,546 $ 2,565 $ — $ 30,111 Liabilities: Derivative instruments: Interest rate contracts $ 4,617 $ 4,617 Deferred compensation plan obligations $ 20,476 20,476 Total $ 20,476 $ 4,617 $ — $ 25,093 Quoted Prices Significant Significant Fair Value at Assets: Investments, mutual funds held in a grantor trust $ 20,579 $ 20,579 Investments, mutual funds 7,043 7,043 Derivative instruments: Interest rate contracts $ 2,664 2,664 Total $ 27,622 $ 2,664 $ — $ 30,286 Liabilities: Derivative instruments: Interest rate contracts $ 725 $ 725 Deferred compensation plan obligations $ 20,579 20,579 Total $ 20,579 $ 725 $ — $ 21,304
Schedule Of Fair Value Disclosures	Schedule of our fair value disclosures is as follows (in thousands): March 31, 2016 December 31, 2015 Carrying Value Fair Value Using Significant Other Observable Inputs (Level 2) Fair Value Using Significant Unobservable Inputs (Level 3) Carrying Value Fair Value Fair Value Using Significant Unobservable Inputs (Level 3) Tax increment revenue bonds (1) $ 25,162 $ 25,162 $ 25,162 $ 25,162 Investments, held to maturity (2) 2,500 $ 2,504 1,750 $ 1,750 Debt: Fixed-rate debt 1,915,829 1,961,630 1,869,683 1,907,579 Variable-rate debt 273,495 277,641 243,594 248,460 _______________ (1) At March 31, 2016 and December 31, 2015 , the credit loss balance on our tax increment revenue bonds was $31.0 million . (2) Investments held to maturity are recorded at cost. As of March 31, 2016 , these investments have a gross unrealized gain of $4 thousand , and as of December 31, 2015 , no unrealized gain or loss was recognized.
Quantitative Information About Significant Unobservable Inputs (Level 3) Used	The quantitative information about the significant unobservable inputs used for our Level 3 fair value measurements as of March 31, 2016 and December 31, 2015 reported in the above tables, is as follows: Description Fair Value at Unobservable Inputs Range March 31, December 31, Minimum Maximum (in thousands) Valuation Technique 2016 2015 2016 2015 Tax increment revenue bonds $ 25,162 $ 25,162 Discounted cash flows Discount rate 6.5 % 6.5 % 7.5 % 7.5 % Expected future growth rate 1.0 % 1.0 % 5.0 % 2.0 % Expected future inflation rate 1.0 % 1.0 % 2.0 % 3.0 % Fixed-rate debt 1,961,630 1,907,579 Discounted cash flows Discount rate 2.3 % 2.4 % 5.4 % 5.5 % Variable-rate debt 277,641 248,460 Discounted cash flows Discount rate 1.3 % 1.3 % 3.2 % 3.2 %

Business Combinations (Tables)

Business Combinations (Tables)	3 Months Ended
	Mar. 31, 2016
Business Combinations [Abstract]
Transactions Related To Acquisitions	The following table summarizes the transaction related to the business combination, including the assets acquired and liabilities assumed as indicated (in thousands): February 12, 2016 Fair value of our equity interest before business combination $ 22,514 (1) Amounts recognized for assets and liabilities assumed: Assets: Property $ 58,665 Unamortized lease costs 13,736 Accrued rent and accounts receivable 102 Cash and cash equivalents 3,555 Other, net 192 Liabilities: Debt, net (48,727 ) Accounts payable and accrued expenses (1,339 ) Other, net (3,670 ) Total net assets $ 22,514 Gain recognized on equity interest remeasured to fair value $ 37,383 (2) ___________________ (1) Includes $2.5 million of cash received from the partner. (2) Amount is included in Gain on Sale and Acquisition of Real Estate Joint Venture and Partnership Interests in our Condensed Consolidated Statement of Operations.
Pro Forma Impact Of Acquisitions	The following table summarizes the impact to revenues and net income attributable to common shareholders from our business combination as follows (in thousands): Three Months Ended Increase in revenues $ 946 Decrease in net income attributable to common shareholders 500 The following table summarizes the supplemental pro forma data, as follows (in thousands, except per share amounts): Three Months Ended March 31, Pro Forma 2016 (1) Pro Forma 2015 (1) Revenues $ 132,953 $ 127,132 Net income 71,158 86,331 Net income attributable to common shareholders 69,565 82,046 Earnings per share – basic .56 .67 Earnings per share – diluted .55 .66 ___________________ (1) There are no non-recurring pro forma adjustments included within or excluded from the amounts in the preceding table

Summary Of Significant Accoun42

Summary Of Significant Accounting Policies (Narrative) (Details) ft² in Millions	3 Months Ended
	Mar. 31, 2016ft²
Significant Accounting Policies [Line Items]
Square footage of operating properties	44.5
Base Minimum Rental Revenue [Member] | Tenant Base [Member]
Significant Accounting Policies [Line Items]
Concentrations of risk	3.40%
Net Operating Income [Member] | Houston, Texas Geographic Concentration [Member]
Significant Accounting Policies [Line Items]
Concentrations of risk	18.30%
Net Operating Income [Member] | Other Parts of Texas Geographic Concentration [Member]
Significant Accounting Policies [Line Items]
Concentrations of risk	9.80%

Summary Of Significant Accoun43

Summary Of Significant Accounting Policies (Schedule Of Restricted Deposits And Mortgage Escrows) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Accounting Policies [Abstract]
Restricted cash	$ 106,262	$ 1,952
Mortgage escrows	1,013	1,122
Total	107,275	$ 3,074
Qualified escrow for like-kind exchange, proceeds	$ 105,200

Summary Of Significant Accoun44

Summary Of Significant Accounting Policies (Schedule Of Accumulated Other Comprehensive Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	$ (1,545,010)	$ (1,638,943)
Net other comprehensive (income) loss	3,665	523
Ending Balance	(1,622,590)	(1,675,528)
(Gain) Loss On Investments [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	(557)	(656)
Change excluding amounts reclassified from accumulated other comprehensive loss	$ (18)	$ (79)
Amounts reclassified from accumulated other comprehensive loss
Net other comprehensive (income) loss	$ (18)	$ (79)
Ending Balance	(575)	(735)
(Gain) Loss On Cash Flow Hedges [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	(8,160)	(3,416)
Change excluding amounts reclassified from accumulated other comprehensive loss	4,431	1,350
Amounts reclassified from accumulated other comprehensive loss	(371)	(388)
Net other comprehensive (income) loss	4,060	962
Ending Balance	(4,100)	(2,454)
Defined Benefit Pension Plan [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	16,361	16,508
Amounts reclassified from accumulated other comprehensive loss	(377)	(360)
Net other comprehensive (income) loss	(377)	(360)
Ending Balance	15,984	16,148
Accumulated Other Comprehensive Loss
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	7,644	12,436
Change excluding amounts reclassified from accumulated other comprehensive loss	4,413	1,271
Amounts reclassified from accumulated other comprehensive loss	(748)	(748)
Net other comprehensive (income) loss	3,665	523
Ending Balance	$ 11,309	$ 12,959

Summary Of Significant Accoun45

Summary Of Significant Accounting Policies (Summary Of Eligible Share Award Activity That Would Have Been Recorded in Temporary Equity) (Details) - Pro Forma [Member] $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)
Temporary Equity [Line Items]
Change in classification	$ 36,261
Change in redemption value	10,429
Total	$ 46,690

New Issued Accounting Pronounce

New Issued Accounting Pronouncements (Details)	1 Months Ended
	Feb. 29, 2016variable_interest_entity
Accounting Policies [Abstract]
Number of VIE real estate joint ventures	10

Property (Narrative) (Details)

Property (Narrative) (Details) $ in Thousands	Feb. 12, 2016USD ($)center	Mar. 31, 2016USD ($)property	Mar. 31, 2015USD ($)
Business Acquisition [Line Items]
Number of centers sold	1	3
Proceeds from sale and disposition of property		$ 108,400
Gain on sale of property		45,157	$ 22,522
Investment in new development		$ 6,200
Business Combination Achieved in Stages [Member]
Business Acquisition [Line Items]
Property acquired	$ 58,665

Property (Schedule Of Property)

Property (Schedule Of Property) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Real Estate [Abstract]
Land	$ 925,164	$ 929,958
Land held for development	91,831	95,524
Land under development	15,013	17,367
Buildings and improvements	3,223,700	3,152,215
Construction in-progress	61,708	67,895
Total	$ 4,317,416	$ 4,262,959

Investment In Real Estate Joi49

Investment In Real Estate Joint Ventures And Partnerships (Narrative) (Details) $ in Thousands	Feb. 12, 2016USD ($)center	Mar. 31, 2016USD ($)property	Mar. 31, 2015USD ($)	Dec. 31, 2015USD ($)propertycenter
Schedule of Equity Method Investments [Line Items]
Net basis differentials for equity method investments		$ 2,700		$ 4,900
Impairment loss		1,303	$ 0
Management fees revenues, related parties		$ 1,200	1,200
Number of centers sold	1	3
Proceeds from sale and disposition of property		$ 108,400
Gain on sale of property		45,157	22,522
Assets		4,033,840		$ 3,901,945
Debt, net		1,924,052
Business acquisition, percentage of voting interests acquired	49.00%
Proceeds to acquire businesses, gross	$ 2,500
Gain on sale and acquisition of real estate joint venture and partnership interests		$ 37,392	$ 861
Minimum [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percentage in joint ventures		20.00%		20.00%
Maximum [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percentage in joint ventures		75.00%		75.00%
Equity Method Investee
Schedule of Equity Method Investments [Line Items]
Gain on sale of property				$ 1,000
50% Owned Unconsolidated Real Estate Joint Venture [Member]
Schedule of Equity Method Investments [Line Items]
Gain on sale and acquisition of real estate joint venture and partnership interests				$ 900
50% Owned Unconsolidated Real Estate Joint Venture [Member] | Equity Method Investee
Schedule of Equity Method Investments [Line Items]
Ownership percentage in joint ventures				50.00%
Number of centers sold | property		1		1
Proceeds from sale and disposition of property		$ 13,100		$ 1,100
Gain on sale of property		$ 200		$ 600
20% Owned Unconsolidated Real Estate Joint Venture [Member] | Equity Method Investee
Schedule of Equity Method Investments [Line Items]
Number of centers sold | property				3
Proceeds from sale and disposition of property				$ 17,600
51% Owned Real Estate joint venture [Member] | Equity Method Investee
Schedule of Equity Method Investments [Line Items]
Ownership percentage in joint ventures		66.00%		51.00%
Number o real estate properties acquired | property		1
Gross acquisition purchase price		$ 65,000		$ 54,100
Equity interest in acquiree, percentage				51.00%
Number of real estate properties | center				3
Assets				$ 43,700
Debt, net				$ 72,400

Investment In Real Estate Joi50

Investment In Real Estate Joint Ventures And Partnerships (Schedule Of Combined Condensed Balance Sheets) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
ASSETS
Property	$ 1,262,257	$ 1,290,784
Accumulated depreciation	(257,046)	(293,474)
Property, net	1,005,211	997,310
Other assets, net	116,308	130,251
Total Assets	1,121,519	1,127,561
LIABILITIES AND EQUITY
Debt, net (primarily mortgages payable)	347,847	345,186
Amounts payable to Weingarten Realty Investors and Affiliates	12,298	12,285
Other liabilities, net	25,795	29,509
Total Liabilities	385,940	386,980
Equity	735,579	740,581
Total Liabilities and Equity	$ 1,121,519	$ 1,127,561

Investment In Real Estate Joi51

Investment In Real Estate Joint Ventures And Partnerships (Schedule Of Combined Condensed Statements Of Operations) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Schedule of Equity Method Investments [Line Items]
Revenues, net	$ 35,922	$ 37,118
Expenses:
Depreciation and amortization	9,381	9,380
Interest, net	4,008	4,417
Operating	7,603	6,465
Real estate taxes, net	4,492	4,532
General and administrative	143	202
Provision for income taxes	59	68
Impairment loss	1,303	0
Total	26,989	25,064
Gain on dispositions	45,157	22,522
Net income	9,306	13,182
Equity Method Investments [Member]
Expenses:
Gain on sale of non-operating property	373	0
Gain on dispositions	$ 0	$ 1,128

Debt (Narrative) (Details)

Debt (Narrative) (Details)	Mar. 31, 2016USD ($)	Mar. 31, 2016USD ($)	May. 31, 2015USD ($)	Mar. 31, 2015USD ($)	Mar. 31, 2016USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2015USD ($)extensions	Mar. 30, 2016USD ($)extensions	Mar. 27, 2016USD ($)	Feb. 28, 2015USD ($)	Dec. 31, 2014
Debt Instrument [Line Items]
Unsecured notes payable under credit facilities	$ 180,000,000	$ 180,000,000			$ 180,000,000		$ 149,500,000
Debt service guaranty liability	69,835,000	69,835,000			69,835,000		$ 69,835,000
Debt stated interest rate							3.50%				7.40%
Proceeds from issuance of debt					0	$ 200,000,000
Medium term notes, matured							$ 90,000,000
Debt interest rate during period							5.40%
Secured debt							$ 66,000,000
Debt instruments collateral value	800,000,000	800,000,000			800,000,000		800,000,000
Obligations under capital leases	21,000,000	21,000,000			21,000,000		21,000,000
Fair value of interest rate contracts	2,600,000	2,600,000			2,600,000
Net premium/(discount) on debt	(4,400,000)	(4,400,000)			(4,400,000)
Deferred finance costs, net	(9,500,000)	(9,500,000)			(9,500,000)
Non-cash debt	5,900,000	5,900,000			5,900,000
Unsecured Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Unsecured notes payable under credit facilities	180,000,000	$ 180,000,000			180,000,000		140,000,000
Maximum borrowing capacity under credit facility			$ 500,000,000	$ 500,000,000		500,000,000	$ 500,000,000	$ 500,000,000		$ 500,000,000
Number of credit facility 6-month extensions | extensions							2	2
Line of credit facility, extension period		6 months					6 months
Facility fees, basis points		0.00%					15.00%
Bids amount (up to)	250,000,000	$ 250,000,000			250,000,000		$ 250,000,000
Maximum increase in credit facility amount (up to)	850,000,000	850,000,000			850,000,000		700,000,000
Unsecured And Uncommitted Overnight Facility [Member]
Debt Instrument [Line Items]
Unsecured notes payable under credit facilities	$ 0	$ 0			$ 0		$ 9,500,000
Debt Service Guaranty [Member]
Debt Instrument [Line Items]
Debt coverage ratio	1.4	1.4			1.4
Term Loan [Member]
Debt Instrument [Line Items]
Debt payable				$ 200,000,000		$ 200,000,000
Debt effective percentage				2.50%		2.50%
Maximum increase in term loan amount				$ 100,000,000		$ 100,000,000
Short-Term Unsecured Facility [Member] | Line of Credit [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity under credit facility				$ 20,000,000		$ 20,000,000			$ 10,000,000
Facility fees, basis points	0.00%
Unused facility fees, basis points	10.00%
Fixed interest rate loan period (in days)	30 days
Three Point Eight Five Senior Unsecured Notes [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Debt payable			$ 250,000,000
Debt stated interest rate			3.85%
Debt issued discount rate			99.23%
Debt effective percentage			3.94%
Proceeds from issuance of debt			$ 246,500,000
Thirty-Day LIBOR [Member] | Short-Term Unsecured Facility [Member] | Line of Credit [Member]
Debt Instrument [Line Items]
Borrowing margin over LIBOR, basis points	1.25%
London Interbank Offered Rate (LIBOR) [Member] | Unsecured Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Borrowing margin over LIBOR, basis points		0.90%					105.00%
London Interbank Offered Rate (LIBOR) [Member] | Term Loan [Member]
Debt Instrument [Line Items]
Borrowing margin over LIBOR, basis points				0.975%
Interest Expense [Member]
Debt Instrument [Line Items]
Payments of debt extinguishment costs					$ 6,100,000

Debt (Schedule Of Debt) (Detail

Debt (Schedule Of Debt) (Details) - USD ($) $ in Thousands		Mar. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Schedule of Long-term Debt, By Type [Line Items]
Debt payable, net to 2038		$ 1,918,489	$ 1,872,942
Unsecured notes payable under credit facilities		180,000	149,500
Debt service guaranty liability		69,835	69,835
Obligations under capital leases		21,000	21,000
Total	[1]	$ 2,189,324	$ 2,113,277
Debt stated interest rate			3.50%	7.40%
Debt Payable To 2038 [Member] | Minimum [Member]
Schedule of Long-term Debt, By Type [Line Items]
Debt stated interest rate		1.73%	1.00%
Debt Payable To 2038 [Member] | Maximum [Member]
Schedule of Long-term Debt, By Type [Line Items]
Debt stated interest rate		8.57%	8.60%
Debt Payable To 2038 [Member] | Weighted Average [Member]
Schedule of Long-term Debt, By Type [Line Items]
Debt stated interest rate		4.30%	4.30%
[1]	* Consolidated variable interest entities' assets and debt included in the above balances (see Note 15):

Debt (Grouping Of Debt Between

Debt (Grouping Of Debt Between Fixed And Variable As Well As Secured And Unsecured) (Details) - USD ($) $ in Thousands		Mar. 31, 2016	Dec. 31, 2015
Schedule of Long-term Debt, By Type [Line Items]
Secured debt			$ 66,000
Total	[1]	$ 2,189,324	2,113,277
As To Interest Rate [Member]
Schedule of Long-term Debt, By Type [Line Items]
Fixed-rate debt		1,915,829	1,869,683
Variable-rate debt		273,495	243,594
Total		2,189,324	2,113,277
As To Collateralization [Member]
Schedule of Long-term Debt, By Type [Line Items]
Unsecured debt		1,681,507	1,650,521
Secured debt		507,817	462,756
Total		$ 2,189,324	$ 2,113,277
[1]	* Consolidated variable interest entities' assets and debt included in the above balances (see Note 15):

Debt (Schedule Of Credit Facili

Debt (Schedule Of Credit Facilities) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Line of Credit Facility [Line Items]
Balance outstanding	$ 180,000	$ 149,500
Maximum balance outstanding during the period	200,000	244,500
Weighted average balance	$ 147,446	$ 100,506
Year-to-date weighted average interest rate (excluding facility fee)	1.30%	0.90%
Unsecured Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Balance outstanding	$ 180,000	$ 140,000
Available balance	$ 315,190	$ 355,190
Variable interest rate (excluding facility fee)	1.30%	1.30%
Letters of Credit [Member]
Line of Credit Facility [Line Items]
Letters of credit outstanding under facility	$ 4,810	$ 4,810
Unsecured And Uncommitted Overnight Facility [Member]
Line of Credit Facility [Line Items]
Balance outstanding	$ 0	$ 9,500
Variable interest rate (excluding facility fee)	0.00%	1.70%

Debt (Principal Payments Of Deb

Debt (Principal Payments Of Debt) (Details) $ in Thousands	Mar. 31, 2016USD ($)
Debt Disclosure [Abstract]
2016 remaining	$ 158,492
2,017	175,159
2,018	62,538
2,019	56,245
2,020	237,779
2,021	17,667
2,022	307,011
2,023	304,202
2,024	254,394
2,025	301,672
Thereafter	48,893
Total	$ 1,924,052

Derivatives And Hedging (Narrat

Derivatives And Hedging (Narrative) (Details)	1 Months Ended
	May. 31, 2015USD ($)derivative_contract	Mar. 31, 2016USD ($)derivative_contract	Dec. 31, 2015USD ($)derivative_contract
Derivatives, Fair Value [Line Items]
Other comprehensive income (loss), realized gain (loss)	$ 5,000,000
Accumulated other comprehensive loss		$ (11,309,000)	$ (7,644,000)
Derivative, net liability position, aggregate fair value		3,500,000
Assets needed for immediate settlement, aggregate fair value		3,500,000
Gain (Loss) On Cash Flow Hedges [Member]
Derivatives, Fair Value [Line Items]
Accumulated other comprehensive loss		$ 4,100,000	$ 8,200,000
Interest Rate Contracts [Member] | Cash Flow Hedges [Member]
Derivatives, Fair Value [Line Items]
Number of active interest rate contracts held | derivative_contract	2	3	3
Notional amount of interest rate fair value hedge derivatives	$ 215,000,000	$ 200,000,000	$ 200,000,000
Derivative, fixed Interest rate		1.50%	1.492%
Cash flow hedge gain (loss) to be amortized within 12 months		$ (1,100,000)
Interest Rate Contracts [Member] | Fair Value Hedges [Member]
Derivatives, Fair Value [Line Items]
Number of active interest rate contracts held | derivative_contract		2	2
Notional amount of interest rate fair value hedge derivatives		$ 63,300,000	$ 63,700,000
Derivative, fixed Interest rate		7.50%	7.50%
Derivative, lower variable interest rate range		4.52%	4.41%
Derivative, higher variable interest rate range		4.54%	4.44%
Interest Rate Swap [Member] | Cash Flow Hedges [Member]
Derivatives, Fair Value [Line Items]
Derivative, remaining maturity	10 years
Derivative, forward interest rate	2.00%

Derivatives And Hedging (Schedu

Derivatives And Hedging (Schedule Of Interest Rate Contracts Reported At Fair Value) (Details) - Interest Rate Contracts [Member] - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Derivatives, Fair Value [Line Items]
Derivative assets	$ 2,565	$ 2,664
Derivative liabilities	4,617	725
Designated as Hedging Instrument [Member] | Other Assets, Net [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	2,565	2,664
Designated as Hedging Instrument [Member] | Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative liabilities	$ 4,617	$ 725

Derivatives And Hedging (Offset

Derivatives And Hedging (Offsetting Of Derivative Assets And Liabilities) (Details) - Interest Rate Contracts [Member] - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Offsetting Assets [Line Items]
Gross amounts recognized, assets	$ 2,565	$ 2,664
Gross amounts offset in balance sheet, assets	0	0
Derivative assets, after netting	2,565	2,664
Gross amount not offset in balance sheet, financial instruments, assets	(1,289)	(346)
Gross amount not offset in balance sheet, cash collateral received, assets	0	0
Net amount, assets	1,276	2,318
Gross amounts recognized, liabilities	4,617	725
Gross amounts offset in balance sheet, liabilities	0	0
Derivative liabilities, after netting	4,617	725
Gross amount not offset in balance sheet, financial instruments, liabilities	(1,289)	(346)
Gross amount not offset in balance sheet, cash collateral received, liabilities	0	0
Net amount, liabilities	$ 3,328	$ 379

Derivatives And Hedging (Summar

Derivatives And Hedging (Summary Of Cash Flow Interest Rate Contract Hedging Activity) (Details) - Cash Flow Hedges [Member] - Interest Rate Contracts [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (gain) loss recognized in other comprehensive income on derivative (effective portion)	$ 4,431	$ 1,350
Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) reclassified from accumulated other comprehensive loss into Income (effective portion)	(371)	(388)
Amount of gain (loss) recognized in income on derivative (ineffective portion and amount excluded from effectiveness testing)	$ 0	$ 0

Derivatives And Hedging (Summ61

Derivatives And Hedging (Summary Of Fair Value Interest Rate Contracts Activity) (Details) - Fair Value Hedges [Member] - Interest Rate Contracts [Member] - Interest Expense [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) on Contracts	$ (98)	$ 53
Gain (Loss) on Borrowings	98	(53)
Net Settlements and Accruals on Contracts	466	525
Amount of Gain (Loss) Recognized in Income	$ 466	$ 525

Common Share of Beneficial Inte

Common Share of Beneficial Interest (Narrative ) (Details) - USD ($)	1 Months Ended	3 Months Ended
	May. 02, 2016	Mar. 31, 2016	Mar. 31, 2015	Mar. 30, 2016	Dec. 31, 2015	May. 31, 2015	Feb. 28, 2015
Class of Stock [Line Items]
Number of shares approved to be repurchased		200,000,000
ATM Equity Program [Member]
Class of Stock [Line Items]
Shares sold (in shares)		485,000	809,000
Gross proceeds		$ 18,065,000	$ 29,360,000
ATM Equity Program [Member] | Maximum [Member]
Class of Stock [Line Items]
Amount available for issuance, ATM equity program							$ 200,000,000
Subsequent Event [Member] | ATM Equity Program [Member]
Class of Stock [Line Items]
Amount available for issuance, ATM equity program	$ 119,200,000
Shares sold (in shares)	582,907
Gross proceeds	$ 21,900,000
Unsecured Revolving Credit Facility [Member]
Class of Stock [Line Items]
Maximum borrowing capacity under credit facility			$ 500,000,000	$ 500,000,000	$ 500,000,000	$ 500,000,000	$ 500,000,000

Common Shares of Beneficial I63

Common Shares of Beneficial Interest (Schedule of ATM Equity Program) (Details) - ATM Equity Program [Member] - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Class of Stock [Line Items]
Shares sold (in shares)	485	809
Weighted average price per share (in dollars per share)	$ 37.25	$ 36.29
Gross proceeds	$ 18,065	$ 29,360

Noncontrolling Interests (Effec

Noncontrolling Interests (Effect Of Changes In Ownership Interest In Subsidiaries On Consolidated Equity)(Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Noncontrolling Interest [Abstract]
Net Income Adjusted for Noncontrolling Interests	$ 107,074	$ 47,647
Transfers from the noncontrolling interests:
Increase in equity for operating partnership units	0	111
Change from net income adjusted for noncontrolling interests and transfers from the noncontrolling interests	$ 107,074	$ 47,758

Supplemental Cash Flow Inform65

Supplemental Cash Flow Information (Summary Of Non-Cash Investing And Financing Activities)(Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Noncash or Part Noncash Acquisitions [Line Items]
Accrued property construction costs	$ 8,667	$ 6,159
Exchange of operating partnership units for common shares	0	111
Consolidation of Joint Venture [Member]
Noncash or Part Noncash Acquisitions [Line Items]
Increase in property, net	58,665	0
Increase in restricted deposits and mortgage escrows	30	0
Increase in debt, net	48,727	0
Increase in security deposits	$ 169	$ 0

Earnings Per Share (Components

Earnings Per Share (Components Of Earnings Per Common Share - Basic And Diluted) (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Continuing Operations:
Income from continuing operations	$ 63,510	$ 26,700
Gain on Sale of Property	45,157	22,522
Net income attributable to noncontrolling interests	(1,593)	(1,575)
Dividends on preferred shares	0	(2,710)
Net income attributable to common shareholders - basic	107,074	44,937
Income attributable to operating partnership units	499	481
Net income attributable to common shareholders - diluted	$ 107,573	$ 45,418
Denominator:
Weighted average shares outstanding – basic (in shares)	123,593	122,126
Effect of dilutive securities:
Share options and awards (in shares)	1,216	1,430
Operating partnership units (in shares)	1,462	1,487
Weighted average shares outstanding – diluted (in shares)	126,271	125,043

Earnings Per Share (Schedule Of

Earnings Per Share (Schedule Of Anti-Dilutive Securities Of Common Shares) (Details) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Share Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive securities	463	897

Share Options And Awards (Narra

Share Options And Awards (Narrative) (Details) - Restricted Shares [Member] - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense	$ 3.6	$ 2.2
Weighted average expected amortization period for unrecognized compensation cost (in years)	1 year 9 months	9 months

Share Options And Awards (Fair

Share Options And Awards (Fair Value Of Market-Based Share Awards Assumptions) (Details) - Restricted Shares [Member]	3 Months Ended
	Mar. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility, Minimum	16.00%
Expected volatility, Maximum	20.40%
Expected life (in years)	3 years
Risk-free interest rate, Minimum	0.50%
Risk-free interest rate, Maximum	0.90%
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield	0.00%
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield	4.00%

Share Options And Awards (Summa

Share Options And Awards (Summary Of The Status Of Unvested Restricted Share Awards) (Details)	3 Months Ended
	Mar. 31, 2016$ / sharesshares
Restricted Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Unvested Restricted Share Awards, Outstanding, January 1, 2015 | shares	589,906
Unvested Restricted Share Awards, Vested | shares	(205,570)
Unvested Restricted Share Awards, Forfeited | shares	(2,506)
Unvested Restricted Share Awards, Outstanding, September 30, 2015 | shares	596,824
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Weighted Average Grant Date Fair Value, Outstanding, January 1, 2015 | $ / shares	$ 32.05
Weighted Average Grant Date Fair Value, Vested | $ / shares	31.32
Weighted Average Grant Date Fair Value, Forfeited | $ / shares	34.48
Weighted Average Grant Date Fair Value, Outstanding, September 30, 2015 | $ / shares	$ 32.52
Service-Based Share Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Unvested Restricted Share Awards, Granted | shares	114,654
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Weighted Average Grant Date Fair Value, Granted | $ / shares	$ 34.45
Market-Based Awards Relative To FTSE NAREIT U.S. Shopping Center Index [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Unvested Restricted Share Awards, Granted | shares	50,170
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Weighted Average Grant Date Fair Value, Granted | $ / shares	$ 37.11
Market-Based Awards Relative To Three-Year Absolute Total Shareholder Return [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Unvested Restricted Share Awards, Granted | shares	50,170
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Weighted Average Grant Date Fair Value, Granted | $ / shares	$ 24.20

Employee Benefit Plans (Narrati

Employee Benefit Plans (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Estimated future employer contributions in next fiscal year	$ 2
Defined benefit plan, employer contributions			$ 1.5
Defined contribution plan, compensation expense	$ 0.9	$ 1.3

Employee Benefit Plans (Schedul

Employee Benefit Plans (Schedule Of Net Periodic Benefit Cost) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Service cost	$ 309	$ 322
Interest cost	498	476
Expected return on plan assets	(729)	(772)
Recognized loss	377	360
Total	$ 455	$ 386

Related Parties (Narrative) (De

Related Parties (Narrative) (Details) $ in Thousands	Feb. 12, 2016USD ($)center	Mar. 31, 2016USD ($)property	Mar. 31, 2015USD ($)	Dec. 31, 2015USD ($)center
Related Party Transaction [Line Items]
Net accounts receivable, related parties		$ 1,300		$ 1,200
Accounts payable and accrued expenses, related parties		5,400		5,200
Management fees revenues, related parties		1,200	$ 1,200
Total assets		4,033,840		$ 3,901,945
Debt, net		$ 1,924,052
Number of operating properties sold	1	3
Business acquisition, percentage of voting interests acquired	49.00%
Proceeds to acquire businesses, gross	$ 2,500
51% Owned Real Estate joint venture [Member] | Equity Method Investee
Related Party Transaction [Line Items]
Equity interest in acquiree, percentage				51.00%
Number of real estate properties | center				3
Total assets				$ 43,700
Debt, net				$ 72,400
Business Combination Achieved in Stages [Member]
Related Party Transaction [Line Items]
Business acquisition, percentage of voting interests acquired	49.00%
Proceeds to acquire businesses, gross	$ 2,500
Gain recognized on equity interest remeasured to fair value	$ 37,383

Commitments And Contingencies (

Commitments And Contingencies (Narrative) (Details)	3 Months Ended		12 Months Ended
	Mar. 31, 2016USD ($)partnership	Mar. 31, 2015USD ($)	Dec. 31, 2015USD ($)partnership
DownREIT [Member]
Long-term Purchase Commitment [Line Items]
Number of real estate joint ventures | partnership	2		2
Shares issued in exchange of interests	$ 0	$ 100,000
Aggregate redemption value	55,000,000		$ 51,000,000
Capital Additions [Member]
Long-term Purchase Commitment [Line Items]
Purchase contract, commitment	$ 62,000,000
Capital Additions [Member] | Minimum [Member]
Long-term Purchase Commitment [Line Items]
Construction contract, period (in months)	12 months
Capital Additions [Member] | Maximum [Member]
Long-term Purchase Commitment [Line Items]
Construction contract, period (in months)	36 months
Development Addition [Member]
Long-term Purchase Commitment [Line Items]
Purchase contract, commitment	$ 24,000,000
Future investment amount	$ 30,400,000

Variable Interest Entities (Nar

Variable Interest Entities (Narrative) (Details) $ in Millions	1 Months Ended	3 Months Ended	12 Months Ended
	May. 31, 2015USD ($)	Mar. 31, 2016joint_ventureproperty	Dec. 31, 2015propertyjoint_venture
Variable Interest Entity [Line Items]
Number of VIE real estate joint ventures			1
Number of VIE real estate joint ventures guaranteed by company		1
Consolidated Variable Interest Entities [Member]
Variable Interest Entity [Line Items]
Number of VIE real estate joint ventures		11	11
Number of neighborhood/community shopping centers | property		30	30
Joint venture amendment, additional contribution | $	$ 43
Unconsolidated Variable Interest Entities [Member]
Variable Interest Entity [Line Items]
Number of VIE real estate joint ventures		1	1

Variable Interest Entities (Sum

Variable Interest Entities (Summary Of Consolidated Variable Interest Entities) (Details) - Consolidated Variable Interest Entities [Member] - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Variable Interest Entity [Line Items]
Assets Held by VIEs	$ 284,208	$ 289,558
Assets Held as Collateral for Debt	54,735	57,735
Debt Held by a VIE	$ 37,178	$ 37,178

Variable Interest Entities (S77

Variable Interest Entities (Summary Of Unconsolidated Variable Interest Entities) (Details) - Unconsolidated Variable Interest Entities [Member] - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Variable Interest Entity [Line Items]
Investment in real estate joint ventures and partnerships, net	$ 0	$ 10,497
Maximum risk of loss	34,000	$ 10,992
Other Liabilities [Member]
Variable Interest Entity [Line Items]
Investment in real estate joint ventures and partnerships, net	$ (7,000)

Fair Value Measurements (Assets

Fair Value Measurements (Assets And Liabilities Measured On Recurring Basis) (Details) - Recurring [Member] - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	$ 30,111	$ 30,286
Deferred compensation plan obligations	20,476	20,579
Total	25,093	21,304
Grantor Trusts [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	20,476	20,579
Mutual Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	7,070	7,043
Interest Rate Contracts [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	2,565	2,664
Derivative liabilities	4,617	725
Quoted Prices In Active Markets For Identical Assets And Liabilities (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	27,546	27,622
Deferred compensation plan obligations	20,476	20,579
Total	20,476	20,579
Quoted Prices In Active Markets For Identical Assets And Liabilities (Level 1) [Member] | Grantor Trusts [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	20,476	20,579
Quoted Prices In Active Markets For Identical Assets And Liabilities (Level 1) [Member] | Mutual Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	7,070	7,043
Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	2,565	2,664
Total	4,617	725
Significant Other Observable Inputs (Level 2) [Member] | Interest Rate Contracts [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	2,565	2,664
Derivative liabilities	4,617	725
Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	0	0
Total	$ 0	$ 0

Fair Value Measurements (Schedu

Fair Value Measurements (Schedule Of Fair Value Disclosures) (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Tax Increment Revenue Bonds [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Credit loss recognized	$ 31,000,000	$ 31,000,000
Investments, Held To Maturity [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Gross unrealized gain	4,000	0
Gross unrealized loss		0
Carrying Value [Member] | Fixed-Rate Debt [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	1,915,829,000	1,869,683,000
Carrying Value [Member] | Variable-Rate Debt [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	273,495,000	243,594,000
Carrying Value [Member] | Tax Increment Revenue Bonds [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments	25,162,000	25,162,000
Carrying Value [Member] | Investments, Held To Maturity [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments	2,500,000	1,750,000
Fair Value [Member] | Fixed-Rate Debt [Member] | Fair Value Using Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	1,961,630,000	1,907,579,000
Fair Value [Member] | Variable-Rate Debt [Member] | Fair Value Using Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	277,641,000	248,460,000
Fair Value [Member] | Tax Increment Revenue Bonds [Member] | Fair Value Using Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments	25,162,000	25,162,000
Fair Value [Member] | Investments, Held To Maturity [Member] | Fair Value Using Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments	$ 2,504,000	$ 1,750,000

Fair Value Measurements (Quanti

Fair Value Measurements (Quantitative Information About Significant Unobservable Inputs (Level 3) Used) (Details) - Significant Unobservable Inputs (Level 3) [Member] - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Discounted Cash Flows [Member] | Fixed-Rate Debt [Member] | Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair value input, discount rate	2.30%	2.40%
Discounted Cash Flows [Member] | Fixed-Rate Debt [Member] | Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair value input, discount rate	5.40%	5.50%
Discounted Cash Flows [Member] | Variable-Rate Debt [Member] | Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair value input, discount rate	1.30%	1.30%
Discounted Cash Flows [Member] | Variable-Rate Debt [Member] | Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair value input, discount rate	3.20%	3.20%
Discounted Cash Flows [Member] | Tax Increment Revenue Bonds [Member] | Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair value input, discount rate	6.50%	6.50%
Fair Value Input, Expected Future Growth Rate	1.00%	1.00%
Fair Value Input, Expected Future Inflation Rate	1.00%	1.00%
Discounted Cash Flows [Member] | Tax Increment Revenue Bonds [Member] | Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair value input, discount rate	7.50%	7.50%
Fair Value Input, Expected Future Growth Rate	5.00%	2.00%
Fair Value Input, Expected Future Inflation Rate	2.00%	3.00%
Fair Value [Member] | Fixed-Rate Debt [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Debt	$ 1,961,630	$ 1,907,579
Fair Value [Member] | Variable-Rate Debt [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Debt	277,641	248,460
Fair Value [Member] | Tax Increment Revenue Bonds [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Investments	$ 25,162	$ 25,162

Business Combinations (Narrativ

Business Combinations (Narrative) (Details)	Feb. 12, 2016center
Business Acquisition [Line Items]
Business acquisition, percentage of voting interests acquired	49.00%
Business Combination Achieved in Stages [Member]
Business Acquisition [Line Items]
Business acquisition, percentage of voting interests acquired	49.00%
Number of acquired centers	2
Fair value inputs, minority interest discount rate	20.00%
Minimum [Member] | Business Combination Achieved in Stages [Member]
Business Acquisition [Line Items]
Fair value input, discount rate	6.50%
Fair value inputs, terminal capitalization rate	6.00%
Maximum [Member] | Business Combination Achieved in Stages [Member]
Business Acquisition [Line Items]
Fair value input, discount rate	8.00%
Fair value inputs, terminal capitalization rate	7.50%

Business Combinations (Transact

Business Combinations (Transactions Related to Acquisitions) (Details) $ in Thousands	Feb. 12, 2016USD ($)
Liabilities:
Proceeds to acquire businesses, gross	$ 2,500
Business Combination Achieved in Stages [Member]
Business Acquisition [Line Items]
Fair value of our equity interest before business combination	22,514
Assets:
Property	58,665
Unamortized lease costs	13,736
Accrued rent and accounts receivable	102
Cash and cash equivalents	3,555
Other, net	192
Liabilities:
Debt, net	(48,727)
Accounts payable and accrued expenses	(1,339)
Other, net	(3,670)
Total net assets	22,514
Gain recognized on equity interest remeasured to fair value	37,383
Proceeds to acquire businesses, gross	$ 2,500

Business Combinations (Schedule

Business Combinations (Schedule Of Impact To Revenues And Net Income) (Details) - Business Combination Achieved in Stages [Member] $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)
Business Acquisition [Line Items]
Increase in revenues	$ 946
Decrease in net income attributable to common shareholders	$ 500

Business Combinations (Pro Form

Business Combinations (Pro Forma Impact Of Acquisitions) (Details) - Business Combination Achieved in Stages [Member] - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Business Acquisition [Line Items]
Revenues	$ 132,953	$ 127,132
Net income	71,158	86,331
Net income attributable to common shareholders	$ 69,565	$ 82,046
Earnings per share – basic (usd per share)	$ 0.56	$ 0.67
Earnings per share – diluted (usd per share)	$ 0.55	$ 0.66