8-K/A 1 doc1.txt 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 of Weingarten Realty Investors filed with the Securities and Exchange Commission on April 26, 2001. Page 2
FINANCIAL STATEMENTS WEINGARTEN REALTY INVESTORS (in thousands, except per share amounts) THREE MONTHS ENDED MARCH 31, ---------------------- 2001 2000 ---------- ---------- STATEMENT OF CONSOLIDATED INCOME AND FUNDS FROM OPERATIONS 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 ========== ========== Funds from Operations: Net Income Available to Common Shareholders $ 20,392 $ 14,441 Depreciation and Amortization 15,673 13,104 Gain on Sales of Property (4,310) ---------- ---------- Funds from Operations $ 31,755 $27,545 ========== ========== Funds from Operations Per Common Share - Basic $ 1.05 $ 1.03 ========== ========== Funds from Operations Per Common Share - Diluted $ 1.05 $ 1.03 ========== ========== Weighted Average Shares Outstanding - Basic 30,109 26,707 ========== ========== Weighted Average Shares Outstanding - Diluted 30,257 26,858 ========== ==========
(table continued on next page) Page 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 ============= =============
Page 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: April 30, 2001 WEINGARTEN REALTY INVESTORS /s/ Stephen C. Richter ----------------------------- Stephen C. Richter Senior Vice President and Chief Financial Officer Page 5