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Share Options and Awards (Tables)
6 Months Ended
Jun. 30, 2016
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, 2016
 
Minimum
 
Maximum
Dividend yield
0.0
%
 
4.0
%
Expected volatility (1)
16.0
%
 
20.4
%
Expected life (in years)
N/A

 
3

Risk-free interest rate
0.5
%
 
0.9
%

_______________
(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, 2016 is as follows:
 
Unvested
Restricted
Share
Awards
 
Weighted
Average 
Grant
Date Fair 
Value
Outstanding, January 1, 2016
589,906

 
$
32.05

Granted:
 
 
 
Service-based awards
117,268

 
34.54

Market-based awards relative to FTSE NAREIT U.S. Shopping Center
Index
50,170

 
37.11

Market-based awards relative to three-year absolute TSR
50,170

 
24.20

Trust manager awards
24,983

 
37.63

Vested
(230,834
)
 
32.00

Forfeited
(9,054
)
 
33.98

Outstanding, June 30, 2016
592,609

 
$
32.53