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Share Options And Awards (Tables)
9 Months Ended
Sep. 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:
 
Nine Months Ended 
 September 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
%

_______________
(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 nine months ended September 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
99,350

 
36.58

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
(658
)
 
32.86

Outstanding, September 30, 2015
589,906

 
$
32.05