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Share Options And Awards (Tables)
3 Months Ended
Mar. 31, 2015
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 
 March 31, 2015
 
Minimum
 
Maximum
Dividend yield
0.0
%
 
3.6
%
Expected volatility (1)
12.6
%
 
18.0
%
Expected life (in years)
N/A

 
3

Risk-free interest rate
0.1
%
 
1.1
%

_______________
(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, 2015 is as follows:
 
Unvested
Restricted
Share
Awards
 
Weighted
Average 
Grant
Date Fair 
Value
Outstanding, January 1, 2015
693,805

 
$
28.76

Granted:
 
 
 
Service-based awards
99,250

 
36.59

Market-based awards relative to FTSE NAREIT U.S. Shopping Center
Index
42,687

 
37.26

Market-based awards relative to three-year absolute TSR
42,687

 
27.84

Vested
(254,159
)
 
25.86

Forfeited
(54
)
 
30.11

Outstanding, March 31, 2015
624,216

 
$
31.70