Share Options And Awards (Tables)

12 Months Ended

Dec. 31, 2018

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, 2018:

	Shares Under Option		Weighted Average Exercise Price
Outstanding, January 1, 2016	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
Forfeited or expired	(196,159	)	32.22
Exercised	(352,318	)	19.78
Outstanding, December 31, 2018	279,877		$	22.30

Share Options Outstanding And Exercisable

The following table summarizes information about share options outstanding and exercisable at December 31, 2018:

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	35,372	0.2 years	$	11.85			35,372	0.2 years	$	11.85
$17.79 - $26.69	244,505	1.8 years	$	23.81			244,505	1.8 years	$	23.81
Total	279,877	1.6 years	$	22.30	$	702	279,877	1.6 years	$	22.30	$	702

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, 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	%

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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 Shares

A summary of the status of unvested share awards for the year ended December 31, 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	137,182		28.11
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	(228,698	)	33.58
Forfeited	(9,942	)	32.40
Outstanding, December 31, 2018	674,293		$	30.26