Share Options and Awards (Tables)

6 Months Ended

Jun. 30, 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:

	Six Months Ended   June 30, 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	%

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(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 six months ended June 30, 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
Trust manager awards	32,688		31.23
Vested	(320,653	)	26.39
Forfeited	(337	)	31.93
Outstanding, June 30, 2015	590,127		$	32.05