When watching all of the REIT presentations in class, this REIT is what got me excited about investing in a REIT. This is a well diverse REIT and has every thing in the right order. Weingarten has the goals of having growth in the same property NOI, accretive investment in both acquisitions and new development, growth in FFo and NAV, and to have continued improvement of their strong BS. I like their goals and their strong sense to follow those goals in the past years comparing the data given in their presentation.
I am all for new opportunities and individuals that start up their own business. Weingarden was a immigrant that came to America for a new opportunity. This is a family business and is located in Houston.
I am interested in this REIT because they look into High Quality Assets in high growth areas with high barriers to entry. They are in an area with huge population densities and are geographically dispersed. They have picked the right locations and have done their research in to where to buy their properties.
They are well diverse in the tenants that they have as well. They occupancy on average is high with the past year being at 94.6%.
All of there ratios are well and number look good in the past and in the future. I will go with this REIT as well.
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