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Share Options and Awards (Tables)
6 Months Ended
Jun. 30, 2018
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, 2018
 
Minimum
 
Maximum
Dividend yield
0.0
%
 
5.5
%
Expected volatility (1)
18.5
%
 
20.4
%
Expected life (in years)
N/A

 
3

Risk-free interest rate
1.8
%
 
2.4
%

_______________
(1)    Includes the volatility of the FTSE NAREIT U.S. Shopping Center Index and Weingarten Realty Investors.
Summary Of The Status Of Unvested Share Awards
A summary of the status of unvested share awards for the six months ended June 30, 2018 is as follows:
 
Unvested
Share
Awards
 
Weighted
Average 
Grant
Date Fair 
Value
Outstanding, January 1, 2018
619,606

 
$
33.81

Granted:
 
 
 
Service-based awards
133,125

 
28.12

Market-based awards relative to FTSE NAREIT U.S. Shopping Center
Index
60,909

 
29.69

Market-based awards relative to three-year absolute TSR
60,908

 
13.68

Trust manager awards
34,328

 
27.95

Vested
(226,348
)
 
33.63

Forfeited
(9,372
)
 
32.38

Outstanding, June 30, 2018
673,156

 
$
30.27