Share Options And Awards (Tables)

12 Months Ended

Dec. 31, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Summary Of Option Activity

Following is a summary of the option activity for the three years ended December 31, 2017:

	Shares Under Option		Weighted Average Exercise Price
Outstanding, January 1, 2015	2,897,123		$	28.76
Forfeited or expired	(435,840	)	37.37
Exercised	(94,633	)	26.55
Outstanding, December 31, 2015	2,366,650		27.26
Forfeited or expired	(460,722	)	47.42
Exercised	(971,727	)	21.95
Outstanding, December 31, 2016	934,201		22.85
Forfeited or expired	(4,042	)	43.37
Exercised	(101,805	)	16.11
Outstanding, December 31, 2017	828,354		$	23.58

Share Options Outstanding And Exercisable

The following table summarizes information about share options outstanding and exercisable at December 31, 2017:

Range of Exercise Prices	Outstanding						Exercisable
	Number	Weighted Average Remaining Contractual Life	Weighted Average Exercise Price		Aggregate Intrinsic Value (000’s)		Number	Weighted Average Remaining Contractual Life	Weighted Average Exercise Price		Aggregate Intrinsic Value (000’s)
$11.85 - $17.78	166,981	1.2 years	$	11.85			166,981	1.2 years	$	11.85
$17.79 - $26.69	465,214	2.9 years	$	24.14			465,214	2.9 years	$	24.14
$26.70 - $40.05	196,159	0.2 years	$	32.22			196,159	0.2 years	$	32.22
Total	828,354	1.9 years	$	23.58	$	7,695	828,354	1.9 years	$	23.58	$	7,695

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:

	Year Ended December 31, 2017
	Minimum		Maximum
Dividend yield	0.0	%	4.1	%
Expected volatility (1)	16.1	%	19.1	%
Expected life (in years)	N/A		3
Risk-free interest rate	0.7	%	1.5	%

_______________

(1) Includes the volatility of the FTSE NAREIT U.S. Shopping Center Index and Weingarten Realty Investors.

Summary Of The Status Of Unvested Restricted Shares

A summary of the status of unvested share awards for the year ended December 31, 2017 is as follows:

	Unvested Share Awards		Weighted Average  Grant Date Fair  Value
Outstanding, January 1, 2017	590,854		$	32.52
Granted:
Service-based awards	124,549		35.77
Market-based awards relative to FTSE NAREIT U.S. Shopping Center Index	54,454		39.00
Market-based awards relative to three-year absolute TSR	54,454		25.65
Trust manager awards	28,280		32.77
Vested	(231,056	)	30.77
Forfeited	(1,929	)	34.00
Outstanding, December 31, 2017	619,606		$	33.81