SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): January 29, 2001
WEINGARTEN REALTY INVESTORS
(Exact name of Registrant as specified in its Charter)
TEXAS 1-9876 74-1464203
(State or other jurisdiction of (Commission file number) (I.R.S. Employer
incorporation or organization) Identification Number)
2600 Citadel Plaza Drive, Suite 300, Houston, Texas 77292
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (713) 866-6000
Not applicable
(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS.
This amendment supplements the information provided pursuant to the Form
8-K/A of Weingarten Realty Investors filed with the Securities and Exchange
Commission on April 30, 2001.
2
FINANCIAL STATEMENTS
WEINGARTEN REALTY INVESTORS
(in thousands, except per share amounts)
THREE MONTHS ENDED
MARCH 31,
----------------------
2001 2000
---------- ----------
STATEMENT OF CONSOLIDATED INCOME
Rental Income . . . . . . . . . . . . . . . . . . $ 72,696 $ 62,154
Interest Income . . . . . . . . . . . . . . . . . 923 1,403
Other Income. . . . . . . . . . . . . . . . . . . 880 415
---------- ----------
Total Revenues. . . . . . . . . . . . 74,499 63,972
---------- ----------
Depreciation and Amortization . . . . . . . . . . 16,855 13,655
Interest Expense. . . . . . . . . . . . . . . . . 12,421 10,143
Operating Expense . . . . . . . . . . . . . . . . 10,663 9,007
Ad Valorem Taxes. . . . . . . . . . . . . . . . . 9,319 7,926
General and Administrative Expense. . . . . . . . 2,377 1,874
---------- ----------
Total Expenses. . . . . . . . . . . . 51,635 42,605
---------- ----------
Income from Operations. . . . . . . . . . . . . . 22,864 21,367
Minority Interest in Income of Partnerships . . . (1,772) (1,916)
Gain on Sales of Property . . . . . . . . . . . . 4,310
---------- ----------
Net Income. . . . . . . . . . . . . . . . . . . . 25,402 19,451
Less: Preferred Dividends. . . . . . . . . . . . 5,010 5,010
---------- ----------
Net Income Available to Common Shareholders . . . $ 20,392 $ 14,441
========== ==========
Net Income Per Common Share - Basic . . . . . . . $ 0.68 $ 0.54
========== ==========
Net Income Per Common Share - Diluted . . . . . . $ 0.68 $ 0.54
========== ==========
3
FINANCIAL STATEMENTS
WEINGARTEN REALTY INVESTORS
(in thousands, except per share amounts)
AS OF
-----------------------------
MARCH 31, DECEMBER 31,
2001 2000
------------- -------------
(Audited)
CONSOLIDATED BALANCE SHEETS
Property. . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,973,500 $ 1,906,431
Accumulated Depreciation. . . . . . . . . . . . . . . . . . . (396,503) (387,118)
Notes Receivable. . . . . . . . . . . . . . . . . . . . . . . 33,522 31,002
Unamortized Debt and Lease Costs. . . . . . . . . . . . . . . 38,178 38,453
Other Assets. . . . . . . . . . . . . . . . . . . . . . . . . 52,324 57,243
------------- -------------
Total Assets. . . . . . . . . . . . . . . . . . . $ 1,701,021 $ 1,646,011
============= =============
Debt. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 771,613 $ 869,627
Accounts Payable and Accrued Expenses . . . . . . . . . . . . 40,496 69,561
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,409 4,263
------------- -------------
Total Liabilities . . . . . . . . . . . . . . . . 815,518 943,451
------------- -------------
Minority Interest . . . . . . . . . . . . . . . . . . . . . . 74,450 72,693
------------- -------------
Preferred Shares of Beneficial Interest . . . . . . . . . . . 264 265
Common Shares of Beneficial Interest. . . . . . . . . . . . . 949 807
Capital Surplus . . . . . . . . . . . . . . . . . . . . . . . 809,840 628,795
------------- -------------
Total Shareholders' Equity. . . . . . . . . . . . 811,053 629,867
------------- -------------
Total Liabilities and Shareholders' Equity. $ 1,701,021 $ 1,646,011
============= =============
4
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: June 21, 2001
WEINGARTEN REALTY INVESTORS
/s/ Stephen C. Richter
------------------------------------
Stephen C. Richter
Senior Vice President and Chief
Financial Officer
5