8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported):  November 1, 2007

WEINGARTEN REALTY INVESTORS

(Exact name of Registrant as specified in its Charter)

Texas	1-9876	74-1464203
(State or other jurisdiction of incorporation or organization)	(Commission file number)	(I.R.S. Employer Identification Number)

2600 Citadel Plaza Drive, Suite 300, Houston, Texas 77008

(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code:  (713) 866-6000

Not applicable

(Former name or former address, if changed since last report)

Item 2.02.        Results of Operations and Financial Condition.

On November 1, 2007, we issued a press release describing our results of operations for the third quarter ended September 30, 2007, as well as providing supplemental financial information pertaining to our operations.  A copy of the press release and supplemental financial information are attached as Exhibit 99.1 and Exhibit 99.2 to this report.

The information, including exhibits hereto, in this Current Report on Form 8-K is being furnished and shall not be deemed "filed" with the Securities and Exchange Commission and shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, except as otherwise expressly stated in such filing.

Item 9.01.        Financial Statements and Exhibits.

99.1    Press release dated November 1, 2007, regarding our results of operations for the quarter ended September 30, 2007.

99.2    Supplemental Financial Information.

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date:  November 2, 2007

WEINGARTEN REALTY INVESTORS

By:  /s/ Joe D. Shafer

Joe D. Shafer

Vice President/Chief Accounting Officer

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INDEX TO EXHIBITS

99.1        Press release dated November 1, 2007, regarding our results of operations for the quarter ended September 30, 2007.

99.2        Supplemental Financial Information.

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EX-99.1

EXHIBIT 99.1

WEINGARTEN REALTY

2600 Citadel Plaza Drive

P.O. Box 924133

Houston, TX  77292-4133

(713) 866-6000

NEWS RELEASE

Information:   Richard Summers, Vice President/Director of Investor Relations, 713-866-6050

Weingarten Realty Announces Strong Third Quarter 2007 Results and Excellent Progress on Strategic Growth Plan

Houston, TX, November 1, 2007: Weingarten Realty Investors announced today the results of its third quarter ended September 30, 2007.

“We had very strong third quarter results with funds from operations, on a diluted per share basis, of $0.79, up 10% from the prior year. Additionally, we continued to make excellent progress on our strategic growth plan objectives. We ended the quarter with a new development pipeline of $1.2 billion, recorded merchant development gains of $3.3 million (net of tax), achieved a strong occupancy level of more than 95% in our existing portfolio, and closed on an additional new retail joint venture,” stated Drew Alexander, President and Chief Executive Officer.

The highlights for the quarter included:

·   Funds from operations (FFO), a non-GAAP financial indicator considered one of the most meaningful performance measurements within the REIT industry, on a diluted per share basis, was $0.79 for the third quarter of 2007 compared to $0.72 for the same quarter of the previous year, a 10% increase;

·   Net income, on a diluted per share basis, for the third quarter of 2007 was $0.44, as compared to $1.15 per share for the third quarter of 2006. The decline from the prior year was due to a reduction in this quarter’s property sale gains;

·   Merchant development activities for the quarter provided $3.3 million (net of tax) or $0.04 of FFO per share and $6.2 million (net of tax) or $0.07 of FFO per share year-to-date;

·   Overall occupancy at the end of the third quarter of 2007 was 95.1%, up from 94.0% in the prior year as both retail and industrial occupancy increased from the  prior year;

·   The Company acquired eight retail centers and one industrial distribution center in the third quarter, adding 2.2 million square feet to our portfolio under management and representing a gross investment of $379 million. Three of the retail centers were acquired through a new retail joint venture with PNC Realty Investors on behalf of its institutional client the AFL-CIO Building Investment Trust (“BIT). The Company owns 20% of this joint venture with BIT owning 80%. This is the Company’s second joint venture with PNC Realty and BIT;

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·   Subsequent to quarter end, the Company acquired a shopping center and two industrial buildings, adding 661,000 square feet to our portfolio under management and representing a gross investment of $75 million. The additional shopping center was acquired by WRI and a private investor with WRI owning 10% and the private investor owning 90%. The two industrial buildings were acquired by the company for its own account;

·   Dispositions of non-core properties totaled $26 million in the third quarter, representing five properties and 393,000 square feet. These properties were sold at an average cap rate of 6.9%. Year-to-date dispositions totaled $202 million, representing 1.5 million square feet at an average cap rate of 6.7%;

·   During the third quarter, the Company, under its common share repurchase program authorized by the Board of Trust Managers, repurchased 1.4 million common shares in the open market at an average share price of $37.75;

·   The Company issued, during the third quarter, 8,000,000 Series G Depositary Shares, each representing a one-one hundredth (1/100) fractional interest in a share of the Company’s floating rate Series G Cumulative Redeemable Preferred Shares. The Series G Depositary Shares were issued through a private placement for an aggregate price of $200 million. Proceeds from this issuance were used to repay amounts outstanding under the Company’s credit facilities;

·   The Board of Trust Managers declared a dividend of $0.495 per common share for the third quarter of 2007, up from $0.465 per common share for the third quarter of 2006. On an annualized basis, this represents a dividend of $1.98 per common share as compared to $1.86 per common share for the prior year, a 6.5% increase. The dividend is payable on December 17, 2007 to shareholders of record on December 7, 2007; and

·   The Board of Trust Managers also declared dividends on the Company’s preferred shares. Dividends related to the 6.75% Series D Cumulative Redeemable Preferred Shares (NYSE:WRIPrD) are $0.421875 per share for the quarter. Dividends on the 6.95% Series E Cumulative Redeemable Preferred Shares (NYSE:WRIPrE) are $0.434375 per share for the same period. Dividends on the 6.50% Series F Cumulative Redeemable Preferred Shares (NYSE:WRIPrF) are $0.40625 per share for the quarter. Dividends on the newly issued floating rate Series G Cumulative Redeemable Preferred Shares are $0.348750 per share, prorated based on the settlement date of September 25, 2007. All preferred share dividends are payable on December 17, 2007 to shareholders of record on December 7, 2007.

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Existing Portfolio Strength

During the third quarter of 2007, the Company completed 329 new leases and renewals, totaling 1.9 million square feet with an average rental rate increase of 14.1% on a same space GAAP basis and 9.2% on a cash basis.

In total, same property net operating income grew 2.4% in the third quarter. The retail properties grew 2.0% while the industrial properties were up 7.3%. The primary driver for the industrial increase was a strong increase in occupancy due in part to particularly strong demand for space in Texas. On a year-to-date basis, same property net operating income was up 3.1% from the prior year.

Occupancy for the retail properties at the end of the third quarter of 2007 was 95.2%, up from 95.0% a year ago and industrial occupancy increased to 94.5%, up from 90.4% a year ago.

“The high occupancy levels and strong same-space rental rate increases result from the exceptional quality of our portfolio of properties, strategically located in major U.S. metropolitan markets from coast-to-coast,” stated Johnny Hendrix, Executive Vice President/Asset Management.

New Development

The Company currently has 37 properties in various stages of development, up from 21 properties a year ago. We have invested $386 million to date on these projects and, at completion, we estimate our total investment to be $820 million. The Company also reported that it has 18 development sites under contract that have a projected final investment of $370 million.

Merchant build activities for the quarter generated FFO of $3.3 million (net of tax) or $0.04 of FFO per share. For the year-to-date, merchant build activities have contributed $0.07 of FFO per share.

“We are making excellent progress in new development, including our merchant build activities, and now have a total pipeline (properties under development and under contract) totaling $1.2 billion. We anticipate that 13 of our 37 projects currently under development will be substantially complete by the end of 2008 and these centers are currently 87% leased. By the end of 2009, we are projecting that 23 of the 37 projects currently under development will be substantially complete and these projects are currently 69% leased. All of these projects have a projected return on investment at completion in excess of 9%,” stated Robert Smith, Senior Vice President and Director of New Development.

Portfolio Enhancements

“Acquisitions totaled $379 million in the third quarter and we closed on an additional $75 million in acquisitions subsequent to quarter end. This brings our total year-to-date acquisitions to $851 million, of which $377 million were acquired through joint ventures. These additions bring our assets under management to a total of $2.0 billion.  Most of the

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current quarter’s transactions occurred prior to the disruption in the credit markets in late summer. Although we are beginning to see deal flow again, we anticipate reduced acquisition volume for the remainder of the year,” stated Candace DuFour, Senior Vice President and Director of Acquisitions.

Third quarter and subsequent acquisitions included:

·   A portfolio of five retail power centers, adding 1.4 million square feet under management and representing a gross investment of $267 million. Three of the centers, located in suburban Atlanta, Dallas, and rapidly growing Stuart, Florida,  were acquired through a new retail joint venture with PNC Realty Investors and the BIT. The Company owns 20% of this joint venture with the BIT owning 80%. The remaining two centers, one in Atlanta and the other in Chicago, were acquired by the Company for its own account.

·   Countryside Centre is a 243,000 square foot community center located in the St. Petersburg/Clearwater Area of Florida. The center, anchored by Albertson’s, TJ Maxx, Home Goods, and Shoe Carnival, has very strong demographics with more than 100,000 people living within a three mile radius.

·   Riverside Distribution Center is a 265,000 square foot front loading state of the art industrial building in an outstanding location in Fulton County, Georgia. The Fulton County Industrial market is the most established submarket in Atlanta providing ease of access to I-20, Hartsfield Jackson International Airport, and metropolitan Atlanta.

·   The Shoppes at South Semoran is a 102,000 square foot shopping center located in suburban Orlando, Florida. It is anchored by a 57,000 square foot Winn Dixie with sales of approximately $400 per square foot. The property is 100% leased with below market rents providing the opportunity for strong future rental income growth.

·   Tully Corners is a 116,000 square foot grocery anchored shopping center in San Jose, CA. Located in an infill pocket on the east side of the city, this asset boasts the dominant grocer in the trade area and below market rents providing the opportunity for strong future rent growth. Tully Corners was acquired by WRI and a private investor with WRI owning 10% and the private investor owning 90%.

·   SouthPark 3075 and Westlake 125 are state of the art industrial buildings totaling 235,000 and 154,000 square feet, respectively. Both buildings are in great locations in metropolitan Atlanta near the Hartsfield Jackson International

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Airport. Occupancy at these two buildings is below 65%, providing a strong value add opportunity, and the buildings may be joint-ventured in the future.

·   Paradise Key is a 272,000 square foot grocery anchored shopping center in Destin, Florida. Located at the main retail intersection in Destin, this stable asset is anchored by Publix, the dominant grocer in the trade area. Ross, Steinmart and Old Navy are additional anchors with very strong sales per square foot. Other very favorable aspects of this acquisition include the property’s superior access and annual rent bumps for the majority of the small shop tenants. Paradise Key was acquired by WRI and a private investor with WRI owning 10% and the private investor owning 90%.

Consent Solicitation to Amend Public Debt Covenants

During the third quarter, the Company solicited consents from the holders of the Company’s outstanding notes to modify certain financial covenants applicable to these securities. The consent solicitation expired on October 26, 2007 without modification to the covenants.

 “It was our intention to update our covenants that were put in place thirteen years ago. This effort was not undertaken due to any potential violation but rather to provide the Company with even greater flexibility to pursue attractive opportunities as they arise in these changing markets. Our existing debt covenants provide us more than enough capacity to fully execute our strategic growth plan.  The additional flexibility that we were able to negotiate with our bond investors was not significant enough to justify the cost of amending the covenants. Accordingly, we have decided to keep our existing covenant package in place. As conditions warrant, however, we may revisit this issue in the future,” stated Steve Richter, Executive Vice President and Chief Financial Officer.

Outlook

“We are making excellent progress in the implementation of our strategic plan. We had a strong third quarter, with FFO of $0.79 per share, up 10% from the prior year. With the excellent results through three quarters of the year, we are optimistic that we can achieve 2007 FFO at the top end of our guidance range of $2.98 to $3.04 per share. Additionally, I am confident in our ability to fully implement our strategic growth plan,” stated Drew Alexander, President and Chief Executive Officer.

Conference Call Information

The Company also announced that it will host a live webcast of its quarterly conference call on Friday, November 2, 2007 at 10:00 a.m. Central Time. The live webcast can be accessed via the Company’s Web site at www.weingarten.com. A replay is also available through the Company’s Web site starting approximately two hours following the live call or can be heard by calling 877-519-4471, identification number 9308418 until 11:59 PM Central Time on November 3, 2007.

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About Weingarten Realty Investors

As one of the largest real estate investment trusts listed on the New York Stock Exchange, Weingarten Realty Investors (NYSE:WRI) is focused on delivering solid returns to shareholders by actively developing, acquiring, and intensively managing properties in 23 states that span the United States from coast-to-coast. The Company’s portfolio of 420 properties includes 342 neighborhood and community shopping centers and 78 industrial properties. Including tenant-owned square footage, the Company’s portfolio under management totals more than 70 million square feet. Weingarten has one of the most diversified tenant bases of any major REIT in its sector, with the largest of its 5,600 tenants comprising less than 3% of its rental revenues. To learn more about the Company’s operations and growth strategies, please visit www.weingarten.com.

Forward-Looking Statements

Statements included herein that state the Company’s or Management’s intentions, hopes, beliefs, expectations or predictions of the future are “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995 which by their nature, involve known and unknown risks and uncertainties. The Company’s actual results, performance or achievements could differ materially from those expressed or implied by such statements. Reference is made to the Company’s regulatory filings with the Securities and Exchange Commission for information or factors that may impact the Company’s performance.

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Financial Statements
Weingarten Realty Investors
(in thousands, except per share amounts)
	Three Months Ended						Nine Months Ended
	September 30,						September 30,
STATEMENTS OF CONSOLIDATED INCOME AND	2007			2006			2007			2006
FUNDS FROM OPERATIONS	(Unaudited)						(Unaudited)
Rental Income	$	152,045		$	137,749		$	436,353		$	394,277
Other Income		4,565			1,294			9,766			4,719
Total Revenues		156,610			139,043			446,119			398,996
Depreciation and Amortization		33,882			30,886			98,042			89,834
Operating Expense		28,156			23,000			76,534			61,636
Ad Valorem Taxes		20,163			18,857			53,195			49,319
General and Administrative Expense		6,537			5,497			19,650			16,500
Total Expenses		88,738			78,240			247,421			217,289
Operating Income		67,872			60,803			198,698			181,707
Interest Expense		(38,536	)		(37,384	)		(110,384	)		(105,920	)
Interest and Other Income		2,082			2,787			6,838			4,818
Equity in Earnings of Joint Ventures, net		4,893			2,253			12,513			10,866
Income Allocated to Minority Interests		(3,003	)		(1,676	)		(7,678	)		(4,977	)
Gain on Sale of Properties		986			26,871			3,010			26,974
Gain on Land and Merchant Development Sales		4,199			4,504			8,150			6,180
Provision for Income Taxes		(930	)		(1,253	)		(1,933	)		(1,401	)
Income From Continuing Operations		37,563			56,905			109,214			118,247
Operating Income From Discontinued Operations		416			3,456			2,527			13,796
Gain on Sale of Properties From Discontinued Operations		6,284			45,388			59,684			118,581
Income from Discontinued Operations		6,700			48,844			62,211			132,377
Net Income		44,263			105,749			171,425			250,624
Less:  Preferred Share Dividends		5,982			2,526			16,485			7,576
Net Income Available to Common Shareholders--Basic	$	38,281		$	103,223		$	154,940		$	243,048
Net Income Per Common Share--Basic	$	0.45		$	1.19		$	1.80		$	2.75
Net Income Available to Common Shareholders--Diluted	$	38,281		$	104,578		$	158,251		$	247,171
Net Income Per Common Share--Diluted	$	0.44		$	1.15		$	1.77		$	2.67
Funds from Operations:
Net Income Available to Common Shareholders	$	38,281		$	103,223		$	154,940		$	243,048
Depreciation and Amortization		33,142			31,475			97,023			94,510
Depreciation and Amortization of Unconsolidated Joint Ventures		2,846			1,204			7,439			3,328
Gain on Sale of Properties		(5,644	)		(72,260	)		(58,842	)		(145,559	)
(Gain) Loss on Sale of Properties of Unconsolidated Joint Ventures		2						2			(4,054	)
Funds from Operations--Basic	$	68,627		$	63,642		$	200,562		$	191,273
Funds from Operations Per Common Share--Basic	$	0.80		$	0.74		$	2.33		$	2.16
Funds from Operations--Diluted	$	68,627		$	64,997		$	203,873		$	195,396
Funds from Operations Per Common Share--Diluted	$	0.79		$	0.72		$	2.28		$	2.11
Weighted Average Shares Outstanding--Basic		85,470			86,567			85,914			88,476
Weighted Average Shares Outstanding--Diluted		86,464			90,610			89,410			92,528
	September 30,			December 31,
	2007			2006
CONSOLIDATED BALANCE SHEETS	(Unaudited)			(Audited)
Property	$	4,852,683		$	4,445,888
Accumulated Depreciation		(750,676	)		(707,005	)
Property Held for Sale, net		6,012
Investment in Real Estate Joint Ventures		297,397			203,839
Notes Receivable from Real Estate Joint Ventures and Partnerships		61,537			3,971
Unamortized Debt and Lease Costs		115,208			112,873
Accrued Rent and Accounts Receivable, net		77,811			78,893
Cash and Cash Equivalents		59,815			71,003
Restricted Deposits and Mortgage Escrows		28,991			94,466
Other		135,644			71,612
Total Assets	$	4,884,422		$	4,375,540
Debt	$	3,055,545		$	2,942,692
Accounts Payable and Accrued Expenses		139,496			132,821
Other		85,906			86,566
Total Liabilities		3,280,947			3,162,079
Minority Interest		96,710			87,680
Preferred Shares of Beneficial Interest		8			4
Common Shares of Beneficial Interest		2,563			2,582
Accumulated Additional Paid in Capital		1,489,303			1,136,481
Net Income in Excess of (Less Than) Accumulated Dividends		26,479			(786	)
Accumulated Other Comprehensive Loss		(11,588	)		(12,500	)
Total Shareholders' Equity		1,506,765			1,125,781
Total Liabilities and Shareholders' Equity	$	4,884,422		$	4,375,540

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EX-99.2

EXHIBIT 99.2

Supplemental Financial Information

September 30, 2007

(Unaudited)

Table of Contents		Page No.
Corporate Profile		1
Statements of Consolidated Income		2
Consolidated Balance Sheets		3
Statements of Consolidated Income at Prorata Share		4
Consolidated Balance Sheets at Prorata Share		5
Summary Operating Data		6 - 7
	Funds from Operations
	Dividends
	General and Administrative Expenses
	Net Operating Income
	Rentals
	Interest Expense
	Fee Income From Joint Ventures
	Property
Joint Venture Reporting		8 - 11
	Financial Statements of Unconsolidated Joint Ventures at 100%
	Financial Statements of Unconsolidated Joint Ventures at Prorata Share
	Investments in Real Estate Joint Ventures
	Mortgage Debt Information for Real Estate Joint Ventures
Summary Balance Sheet Information		12
	Common Share Data
	Capitalization
	Capital Availability
	Credit Ratings
Debt Information		13 - 14
	Outstanding Balance Summary
	Fixed vs Variable Rate Debt
	Secured vs Unsecured Debt
	Coverage Ratios
	Weighted Average Interest Rates
	Schedule of Maturities
Other Information		15 - 16
	Tenant Diversification
	Lease Expirations
	Leasing Production
	Average Minimum Rent per Square Foot
	Occupancy
Property Information		17 - 36
	Property Investment Summary
	Acquisition Summary
	Disposition Summary
	New Development Summary
	Total Operating Income at Prorata Share by Geographic Region
	Average Base Rents
	Property Listing
This supplemental financial information package contains historical information of the Company.
Certain information contained in this Supplemental Financial Information package includes certain forward-looking statements reflecting Weingarten Realty Investors’ expectations in the near term that involve a number of risks and uncertainties; however, many factors may materially affect the actual results, including demand for our properties, changes in rental and occupancy rates, changes in property operating costs, interest rate fluctuations, and changes in local and general economic conditions.  Accordingly, there is no assurance that WRI’s expectations will be realized.

Corporate Profile
Weingarten Realty Investors is an unincorporated trust organized under the Texas Real Estate Investment Trust Act
that, through its predecessor entity, began the ownership and development of shopping centers and other commercial
real estate in 1948.  As of September 30, 2007, we owned or operated under long-term leases, interests in 383
developed income-producing properties and 37 properties that are in various stages of development (including 10
which are income-producing), which are located in 23 states that span the United States from coast to coast.  Included in the
portfolio are 342 shopping centers, 75 industrial projects, and 3 other operating properties.  Our interests in these properties
aggregated approximately 50.2 million square feet of leasable area.  Our properties were 95.1% leased as of September 30, 2007,
and historically our portfolio occupancy rate has never been below 90%.
Corporate Office
	2600 Citadel Plaza Drive
	P. O. Box 924133
	Houston, TX 77292-4133
	713-866-6000
	www.weingarten.com
Regional Offices
	Atlanta, GA
	Austin, TX
	Dallas, TX
	Ft. Lauderdale, FL
	Las Vegas, NV
	Los Angeles, CA
	Orlando, FL
	Phoenix, AZ
	Raleigh, NC
	Sacramento, CA
	Seattle, WA
Stock Listings
New York Stock Exchange:
	Common Shares	WRI
	Series D Preferred Shares	WRI-PD
	Series E Preferred Shares	WRI-PE
	Series F Preferred Shares	WRI-PF

Page 1

Weingarten Realty Investors
Statements of Consolidated Income
(in thousands, except per share amounts)
(as reported)
	Three Months Ended						Nine Months Ended
	September 30,						September 30,						Twelve Months Ended December 31,
	2007			2006			2007			2006			2006			2005			2004			2003
Revenues:
Rentals	$	152,045		$	137,749		$	436,353		$	394,277		$	533,279		$	483,449		$	434,321		$	356,357
Other		4,565			1,294			9,766			4,719			6,926			6,236			8,252			6,645
Total		156,610			139,043			446,119			398,996			540,205			489,685			442,573			363,002
Expenses:
Depreciation and amortization		33,882			30,886			98,042			89,834			121,769			111,296			98,877			78,271
Operating		28,156			23,000			76,534			61,636			88,543			73,595			69,009			56,319
Ad valorem taxes		20,163			18,857			53,195			49,319			62,804			56,355			49,855			40,656
General and administrative		6,537			5,497			19,650			16,500			23,801			17,379			16,122			13,820
Impairment loss																				3,550
Total		88,738			78,240			247,421			217,289			296,917			258,625			237,413			189,066
Operating Income		67,872			60,803			198,698			181,707			243,288			231,060			205,160			173,936
Interest Expense		(38,536	)		(37,384	)		(110,384	)		(105,920	)		(145,652	)		(129,448	)		(116,243	)		(90,214	)
Interest and Other Income		2,082			2,787			6,838			4,818			9,044			2,860			1,389			1,562
Loss on Redemption of Preferred Shares																				(3,566	)		(2,739	)
Equity in Earnings of Joint Ventures, net (a)		4,893			2,253			12,513			10,866			14,655			6,610			5,384			4,681
Income Allocated to Minority Interests		(3,003	)		(1,676	)		(7,678	)		(4,977	)		(6,414	)		(6,060	)		(4,928	)		(2,723	)
Gain on Sale of Properties		986			26,871			3,010			26,974			22,493			22,306			1,562			667
Gain on Land and Merchant Development Sales		4,199			4,504			8,150			6,180			7,166			804
Provision for Income Taxes		(930	)		(1,253	)		(1,933	)		(1,401	)		(1,366	)
Income From Continuing Operations		37,563			56,905			109,214			118,247			143,214			128,132			88,758			85,170
Operating Income From Discontinued Operations		416			3,456			2,527			13,796			16,302			26,062			27,740			25,073
Gain on Sale of Properties From Discontinued Operations		6,284			45,388			59,684			118,581			145,494			65,459			24,883			6,037
Income From Discontinued Operations		6,700			48,844			62,211			132,377			161,796			91,521			52,623			31,110
Net Income		44,263			105,749			171,425			250,624			305,010			219,653			141,381			116,280
Preferred Share Dividends		(5,982	)		(2,526	)		(16,485	)		(7,576	)		(10,101	)		(10,101	)		(7,470	)		(15,912	)
Redemption Cost of Series A Preferred Shares																							(2,488	)
Net Income Available to Common Shareholders	$	38,281		$	103,223		$	154,940		$	243,048		$	294,909		$	209,552		$	133,911		$	97,880
Net Income Per Common Share - Basic	$	0.45		$	1.19		$	1.80		$	2.75		$	3.36		$	2.35		$	1.55		$	1.24
Net Income Per Common Share - Diluted	$	0.44		$	1.15		$	1.77		$	2.67		$	3.27		$	2.31		$	1.54		$	1.24
(a) See Page 8 for the Company's prorata share of the operating results of its unconsolidated joint ventures.&# 160;

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Weingarten Realty Investors
Consolidated Balance Sheets
(in thousands, except per share amounts)
(as reported)
	September 30,			December 31,
	2007			2006
ASSETS
Property	$	4,852,683		$	4,445,888
Accumulated Depreciation		(750,676	)		(707,005	)
Property Held for Sale		6,012
Property - net		4,108,019			3,738,883
Investment in Real Estate Joint Ventures (a)		297,397			203,839
Total		4,405,416			3,942,722
Notes Receivable from Real Estate Joint Ventures and Partnerships		61,537			3,971
Unamortized Debt and Lease Costs		115,208			112,873
Accrued Rent and Accounts Receivable (net of allowance for doubtful accounts of $7,868 in 2007 and $5,995 in 2006)		77,811			78,893
Cash and Cash Equivalents		59,815			71,003
Restricted Deposits and Mortgage Escrows		28,991			94,466
Other		135,644			71,612
Total	$	4,884,422		$	4,375,540
LIABILITIES AND SHAREHOLDERS' EQUITY
Debt	$	3,055,545		$	2,942,692
Accounts Payable and Accrued Expenses		139,496			132,821
Other		85,906			86,566
Total		3,280,947			3,162,079
Minority Interest		96,710			87,680
Commitments and Contingencies
Shareholders' Equity:
Preferred Shares of Beneficial Interest - par value, $.03 per share; shares authorized: 10,000
6.75% Series D cumulative redeemable preferred shares of beneficial interest;  100 shares issued and outstanding in 2007 and 2006;  liquidation preference $75,000		3			3
6.95% Series E cumulative redeemable preferred shares of beneficial interest; 29 shares issued and outstanding in 2007; and 2006;  liquidation preference $72,500		1			1
6.5% Series F cumulative redeemable preferred shares of beneficial interest; 80 shares issued and outstanding in 2007; liquidation preference $200,000		2			2
Variable-rate Series G cumulative redeemable preferred shares of beneficial interest, 80 shares issued and outstanding in 2007; liquidation preference $200,000		2			2
Common Shares of Beneficial Interest - par value, $.03 per share; shares authorized: 150,000; shares issued and outstanding: 85,063 in 2007 and 85,765 in 2006		2,563			2,582
Additional Paid in Capital		1,489,303			1,136,481
Net Income in Excess of (Less Than) Accumulated Dividends		26,479			(786	)
Accumulated Other Comprehensive Loss		(11,588	)		(12,500	)
Shareholders' Equity		1,506,765			1,125,781
Total	$	4,884,422		$	4,375,540
(a) This represents the Company's investment of its unconsolidated joint ventures. See page 8 for additional information.

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Weingarten Realty Investors
Statements of Consolidated Income at Prorata Share
(in thousands, except per share amounts)
	Three Months Ended						Nine Months Ended
	September 30,						September 30,						Twelve Months Ended December 31,
	2007			2006			2007			2006			2006			2005			2004			2003
Revenues:
Rentals	$	161,082		$	140,208		$	459,129		$	400,426		$	543,190		$	488,426		$	436,600		$	357,373
Other		4,353			1,767			9,832			5,397			7,710			6,412			8,012			6,825
Total		165,435			141,975			468,961			405,823			550,900			494,838			444,612			364,198
Expenses:
Depreciation and amortization		36,171			31,255			103,446			90,715			123,480			111,548			98,770			76,796
Operating		28,815			23,315			78,085			62,081			88,828			73,538			69,025			56,279
Ad valorem taxes		21,129			19,100			55,845			49,811			63,449			56,772			49,999			40,888
General and administrative		6,565			5,510			19,746			16,537			23,902			17,436			16,125			13,821
Impairment loss																				3,550
Total		92,680			79,180			257,122			219,144			299,659			259,294			237,469			187,784
Operating Income		72,755			62,795			211,839			186,679			251,241			235,544			207,143			176,414
Interest Expense		(40,055	)		(37,700	)		(114,574	)		(106,081	)		(146,428	)		(128,558	)		(114,586	)		(89,917	)
Interest and Other Income		3,378			3,129			10,011			5,765			10,686			3,635			2,553			3,615
Loss on Redemption of Preferred Shares																				(3,566	)		(2,739	)
Income Allocated to Minority Interests		(1,155	)		(1,355	)		(3,477	)		(4,123	)		(5,453	)		(5,218	)		(3,990	)		(3,236	)
Gain on Sale of Properties		983			26,872			3,007			31,032			26,550			22,102			1,460			1,186
Gain on Land and Merchant Development Sales		4,199			4,504			8,150			6,596			8,274			889
Provision for Income Taxes		(932	)		(1,253	)		(1,935	)		(1,401	)		(1,366	)
Income From Continuing Operations		39,173			56,992			113,021			118,467			143,504			128,394			89,014			85,323
Operating Income From Discontinued Operations		411			3,369			2,513			13,576			16,000			25,800			27,484			24,919
Gain on Sale of Properties From Discontinued Operations		4,679			45,388			55,891			118,581			145,506			65,459			24,883			6,038
Income From Discontinued Operations		5,090			48,757			58,404			132,157			161,506			91,259			52,367			30,957
Net Income		44,263			105,749			171,425			250,624			305,010			219,653			141,381			116,280
Preferred Share Dividends		(5,982	)		(2,526	)		(16,485	)		(7,576	)		(10,101	)		(10,101	)		(7,470	)		(15,912	)
Redemption Cost of Series A Preferred Shares																							(2,488	)
Net Income Available to Common Shareholders	$	38,281		$	103,223		$	154,940		$	243,048		$	294,909		$	209,552		$	133,911		$	97,880
Net Income Per Common Share - Basic	$	0.45		$	1.19		$	1.80		$	2.75		$	3.36		$	2.35		$	1.55		$	1.24
Net Income Per Common Share - Diluted	$	0.44		$	1.15		$	1.77		$	2.67		$	3.27		$	2.31		$	1.54		$	1.24
Note:
Prorata financial information is not, and is not intended to be, a presentation in accordance with generally accepted accounting principles.
The Statements of Consolidated Income at Prorata Share include the real estate operations of joint ventures at WRI's ownership percentages ranging from 10% to 81% except for the operations of down-reit partnerships, which are included at 100%.

Page 4

Weingarten Realty Investors
Consolidated Balance Sheets at Prorata Share
(in thousands, except per share amounts)
	September 30,			December 31,
	2007			2006
ASSETS
Property	$	5,204,690		$	4,610,751
Accumulated Depreciation		(766,170	)		(707,289	)
Property Held for Sale		6,012
Property - net		4,444,532			3,903,462
Notes Receivable from Real Estate Joint Ventures and Partnerships		58,149			54,125
Unamortized Debt and Lease Costs		125,602			118,377
Accrued Rent and Accounts Receivable (net of allowance for doubtful accounts of $9,036 in 2007 and $6,696 in 2006)		79,893			79,165
Cash and Cash Equivalents		65,854			84,092
Restricted Deposits and Mortgage Escrows		46,043			93,955
Other		175,034			75,858
Total	$	4,995,107		$	4,409,034
LIABILITIES AND SHAREHOLDERS' EQUITY
Debt	$	3,156,918		$	2,987,268
Accounts Payable and Accrued Expenses		142,966			132,845
Other		124,018			84,885
Total		3,423,902			3,204,998
Minority Interest		64,806			78,255
Commitments and Contingencies
Shareholders' Equity:
Preferred Shares of Beneficial Interest - par value, $.03 per share; shares authorized: 10,000
6.75% Series D cumulative redeemable preferred shares of beneficial interest; 100 shares issued and outstanding in 2007 and 2006; liquidation preference $75,000		3			3
6.95% Series E cumulative redeemable preferred shares of beneficial interests; 29 shares issued and outstanding in 2007and 2006; liquidation preference $72,500		1			1
6.5% Series F cumulative redeemable preferred shares of beneficial interest; 80 shares issued and outstanding in 2007; liquidation preference $200,000		2
Variable-rate Series G cumulative redeemable preferred shares of beneficial interest, 80 shares issued and outstanding in 2007 liquidation preference $200,000		2
Common Shares of Beneficial Interest - par value, $.03 per share; shares authorized: 150,000; shares issued: 85,063 in 2007 and 85,765 in 2006		2,563			2,582
Capital Surplus		1,489,303			1,136,481
Net Income in Excess of (Less Than) Accumulated Dividends		26,479			(786	)
Accumulated Other Comprehensive Loss		(11,954	)		(12,500	)
Shareholders' Equity		1,506,399			1,125,781
Total	$	4,995,107		$	4,409,034
Note:
Prorata financial information is not, and is not intended to be, a presentation in accordance with generally accepted accounting principles.
The Consolidated Balance Sheets at Prorata Share include the real estate operations of joint ventures at WRI's ownership percentages ranging from 10% to 81% except for the operations of down-reit partnerships, which are included at 100%.

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Weingarten Realty Investors
Summary Operating Data
(in thousands, except per share amounts)
	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2007			2006			2007			2006
Funds from Operations
Numerator:
Net income available to common shareholders	$	38,281		$	103,223		$	154,940		$	243,048
Depreciation and amortization		33,142			31,475			97,023			94,510
Depreciation and amortization of unconsolidated joint ventures		2,846			1,204			7,439			3,328
Gain on sale of properties		(5,644	)		(72,260	)		(58,842	)		(145,559	)
(Gain) Loss on sale of properties of unconsolidated joint ventures		2						2			(4,054	)
Funds from Operations - Basic		68,627			63,642			200,562			191,273
Funds from operations attributable to operating partnership units					1,355			3,311			4,123
Funds from Operations - Diluted	$	68,627		$	64,997		$	203,873		$	195,396
Denominator:
Weighted average shares outstanding - Basic		85,470			86,567			85,914			88,476
Effect of dilutive securities:
Share options and awards		994			905			1,193			902
Operating partnership units					3,138			2,303			3,150
Weighted average shares outstanding - Diluted		86,464			90,610			89,410			92,528
Funds from Operations per Share - Basic	$	0.80		$	0.74		$	2.33		$	2.16
Funds from Operations Per Share - Diluted	$	0.79		$	0.72		$	2.28		$	2.11
Growth in Funds from Operations per Share - Diluted					9.7	%					8.1	%
Dividends
Common Dividends per Share	$	0.495		$	0.465		$	1.485		$	1.395
Common Dividends Paid as a % of Funds from Operations		61.4	%		62.5	%		63.7	%		64.4	%
General and Administrative Expenses *
General and Administrative Expenses/Total Revenue		4.0	%		3.9	%		4.2	%		4.1	%
General and Administrative Expenses/Total Assets before Depreciation		0.11	%		0.11	%		0.34	%		0.32	%
Net Operating Income *
Same Property NOI Growth: **
Retail		2.0	%		3.0	%		3.0	%		3.0	%
Industrial		7.3	%		-5.8	%		4.0	%		3.1	%
Total		2.4	%		2.3	%		3.1	%		3.0	%
* Includes the Company's share of unconsolidated joint ventures and excludes its partners' share of consolidated joint ventures ("Prorata Share").
**    Same Property NOI Growth excludes the effect of lease cancellation income.  ;
The National Association of Real Estate Investment Trusts defines funds from operations as net income (loss) available to common shareholders computed in accordance with generally accepted accounting principles, excluding gains or losses from sales of real estate assets and extraordinary items, plus depreciation and amortization of operating properties, including our share of unconsolidated partnerships and joint ventures. We calculate FFO in a manner consistent with the NAREIT definition.  We believe FFO is an appropriate supplemental measure of operating performance because it helps investors compare our operating performance relative to other REITs. Management also uses FFO as a supplemental measure to conduct and evaluate our business because there are certain limitations associated with using GAAP net income by itself as the primary measure of our operating performance. Historical cost accounting for real estate assets in accordance with GAAP implicitly assumes that the value of real estate assets diminishes predictably over time.  Since real estate values instead have historically risen or fallen with market conditions, management believes that the presentation of operating results for real estate companies that uses historical cost accounting is insufficient by itself. There can be no assurance that FFO presented by us is comparable to similarly titled measures of other REITs.  FFO should not be considered as an alternative to net income or other measurements under GAAP as an indicator of our operating performance or to cash flows from operating, investing or financing activities as a measure of liquidity. FFO does not reflect working capital changes, cash expenditures for capital improvements or principal payments on indebtedness.

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Weingarten Realty Investors
Summary Operating Data (continued)
(in thousands)
	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2007			2006			2007			2006
Rentals
Base minimum rent, net	$	114,737		$	104,502		$	333,958		$	306,963
Straight line rent		2,244			2,066			7,056			4,844
Over/Under-market rentals, net		939			513			2,313			854
Percentage rent		1,427			1,677			4,660			4,219
Tenant reimbursements		32,698			28,991			88,366			77,397
Total	$	152,045		$	137,749		$	436,353		$	394,277
	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2007			2006			2007			2006
Rentals (Prorata Share)
Base minimum rent, net	$	121,464		$	106,245		$	350,753		$	311,694
Straight line rent		2,553			2,329			7,851			5,226
Over/Under-market rentals, net		1,247			632			3,139			1,081
Percentage rent		1,426			1,712			4,644			4,352
Tenant reimbursements		34,392			29,290			92,742			78,073
Total	$	161,082		$	140,208		$	459,129		$	400,426
	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2007			2006			2007			2006
Interest Expense (Prorata Share)
Interest paid or accrued	$	49,116		$	41,743		$	138,946		$	116,167
Over-market mortgage adjustment		(1,581	)		(1,943	)		(5,246	)		(5,717	)
Gross interest expense		47,535			39,800			133,700			110,450
Less:
Capitalized interest		(7,480	)		(2,100	)		(19,126	)		(4,369	)
Interest expense, at prorata share	$	40,055		$	37,700		$	114,574		$	106,081
	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2007			2006			2007			2006
Fee Income from Joint Ventures
Recurring	$	1,605		$	193		$	3,925		$	954
Non-Recurring		964			1			1,795			131
Total	$	2,569		$	194		$	5,720		$	1,085
							September 30,			December 31,
							2007			2006
Property at Prorata Share
Land							$	1,052,997		$	910,240
Land held for development								19,163			20,078
Land under development								253,390			142,366
Buildings and improvements								3,690,882			3,446,226
Construction in-progress								188,258			91,841
Total							$	5,204,690		$	4,610,751

Page 7

Weingarten Realty Investors
Financial Statements of Unconsolidated Joint Ventures at 100%
(in thousands)
	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2007			2006		2007			2006
Revenues:	$	39,561		$	15,721	$	106,047		$	41,236
Expenses:
Depreciation and amortization		9,760			3,556		25,296			9,527
Interest		7,014			4,617		17,500			12,076
Operating		5,786			1,900		15,574			5,193
Ad valorem taxes		3,955			1,840		12,288			4,426
General and administrative		276			156		621			415
Total		26,791			12,069		71,279			31,637
Gain on land sales										555
Gain (loss) on sale of properties		(5	)		1		(5	)		5,993
Net income	$	12,765		$	3,653	$	34,763		$	16,147
						September 30,			December 31,
						2007			2006
ASSETS
Property						$	1,650,600		$	1,123,600
Accumulated depreciation							(70,692	)		(41,305	)
Property - net							1,579,908			1,082,295
Other assets							198,488			118,642
Total						$	1,778,396		$	1,200,937
LIABILITIES AND SHAREHOLDERS' EQUITY
Debt						$	430,513		$	328,508
Amounts payable to WRI							65,119			22,657
Other liabilities							121,219			39,154
Accumulated equity							1,161,545			810,618
Total						$	1,778,396		$	1,200,937

Page 8

Weingarten Realty Investors
Financial Statements of Unconsolidated Joint Ventures at Prorata Share
(in thousands)
	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2007			2006		2007			2006
Revenues:	$	12,257		$	5,748	$	32,230		$	15,501
Expenses:
Depreciation and amortization		2,846			1,204		7,439			3,328
Interest		2,282			1,380		5,356			3,623
Operating		1,663			709		4,552			1,997
Ad valorem taxes		1,196			630		3,546			1,591
General and administrative		92			73		219			188
Total		8,079			3,996		21,112			10,727
Gain on land and merchant development sales										416
Gain (loss) on sale of property		(2	)				(2	)		4,054
Net Income	$	4,176		$	1,752	$	11,116		$	9,244
						September 30,			December 31,
						2007			2006
ASSETS
Property						$	473,067		$	307,559
Accumulated Depreciation							(27,599	)		(16,869	)
Property - net							445,468			290,690
Other Assets							77,323			40,159
Total						$	522,791		$	330,849
LIABILITIES AND SHAREHOLDERS' EQUITY
Debt						$	140,136		$	98,209
Amounts Payable to WRI							30,516			7,382
Accounts Payable and Accrued Expenses							47,851			10,118
Total							218,503			115,709
Accumulated Equity							304,288			215,140
Total						$	522,791		$	330,849
Notes:
The Consolidated Financial Statements at prorata share include only the real estate operations of joint ventures at WRI's ownership percentages.
Prorata financial information is not, and is not intended to be, a presentation in accordance with generally accepted accounting principles.

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Weingarten Realty Investors
Investments in Real Estate Joint Ventures
September 30, 2007
(In Thousands)
									Weingarten Realty
Joint Venture Partner	Number of Properties		Total GLA		Total Assets		Total Debt		Ownership Interest			Share of Debt		Investment 9/30/2007		Equity in Earnings of Unconsolidated JVs (1)
TIAA Florida Retail LLC		7		1,264	$	347,729	$	-		20.0	%	$	-	$	65,305	$	2,492
AEW SRP, LLC		10		984		200,995		120,402		26.3	%		31,723		17,306		589
Collins		8		1,641		134,223		12,342		50.0	%		6,171		47,514		2,136
AEW - Institutional Client		6		515		138,638		71,399		20.0	%		14,280		12,276		561
BIT Retail		3		715		158,203		-		20.0	%		-		31,477		340
BIT Investment Thirty-Six, LP		12		4,065		239,114		25,991		20.0	%		5,198		35,006		940
Eagle AN, LP		7		2,036		51,541		36,429		20.0	%		7,286		-		27
Other		21		2,596		507,952		163,950		46.0	%		75,478		88,514		5,428
Total		74		13,817	$	1,778,396	$	430,513		28.0	%	$	140,136	$	297,397	$	12,513
Joint Venture Description& #160;
RETAIL
TIAA Florida Retail LLC	Joint venture with an institutional partner, TIAA-CREF Global Real Estate.
AEW SPR, LLC	Retail joint venture with an institutional partner through AEW Capital Management
Collins	Primarily a development joint venture in the Texas Rio Grande valley
AEW - Institutional Client	Joint venture with an institutional partner through AEW Capital Management
BIT Retail	Retail joint venture with Mercantile Real Estate Advisors and its client, the AFL-CIO Building Investment Trust
INDUSTRIAL
BIT Investment Thirty-Six, LP	Industrial joint venture with Mercantile Real Estate Advisors and its client, the AFL-CIO Building Investment Trust
Eagle AN, LP	Industrial joint venture with American National Insurance Company
(1) Ties to consolidated income statement but differs from prorata income statement due to elimination of intercompany interest income/expense and management fees.

Page 10

Weingarten Realty Investors
Mortgage Debt Information in Real Estate Joint Ventures
September 30, 2007
(In Thousands)
Joint Venture Partner	Number of Properties		Mortgage Balance		Average Interest Rate (1)			Average Remaining Term (yrs)
TIAA Florida Retail LLC		7		-		-			-
AEW SRP, LLC		10	$	120,402		5.7	%		7.5
Collins		8		12,342		6.0	%		13.8
AEW - Institutional Client		6		71,399		5.7	%		6.4
BIT Retail		3		-		-			-
BIT Investment Thirty-Six, LP		12		25,991		6.4	%		4.1
Eagle AN, LP		7		36,429		8.1	%		2.9
Other		21		88,232		5.7	%		6.2
Total		74	$	354,796		6.0	%		6.5
(1) All mortgages are fixed rate except for one of the "other" which has a variable rate mortgage ($3.4 million).

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Weingarten Realty Investors
Summary Balance Sheet Information
(in thousands, except common share data and percentages)
	September 30,			December 31,
	2007			2006
Common Share Data
Closing Market Price	$	41.46		$	46.11
Dividend Yield		4.78	%		4.03	%
90-Day Average Trading Volume		543,075			340,616
Capitalization (As reported)
Debt	$	3,055,545		$	2,942,692
Preferred Shares		547,500			147,500
Common Shares at Market		3,526,712			3,954,624
Operating Partnership Units at Market		101,204			138,745
Total Market Capitalization	$	7,230,961		$	7,183,561
Debt to Total Market Capitalization		42.3	%		41.0	%
Capitalization (Prorata)
Debt	$	3,156,918		$	2,987,268
Preferred Shares		547,500			147,500
Common Shares at Market		3,526,712			3,954,624
Operating Partnership Units at Market		101,204			138,745
Total Market Capitalization	$	7,332,334		$	7,228,137
Debt to Total Market Capitalization		43.1	%		41.3	%
Capital Availability
Unused Portion of $400 MM Revolver	$	255,793		$	371,923
Shelf Registration - $1 Billion Effective April 2003		85,430			85,430
Shelf Registration - $1.5 Billion Effective September 2004		1,300,000			1,500,000
Shelf Registration - $50 Million Effective September 2004		50,000			50,000
Total	$	1,691,223		$	2,007,353
Credit Ratings	S&P			Moody's
Senior Debt	A-			Baa1
Preferred Shares	BBB+			Baa2

Page 12

Weingarten Realty Investors
Debt Information
(in thousands, except percentages)
					3rd Quarter						4th Quarter
		September 30,			Weighted			December 31,			Weighted
		2007			Average Rate			2006			Average Rate
Outstanding Balance Summary (1)
Mortgage Debt		$	1,013,818			6.47	%	$	995,678			7.29	%
7% 2011 Bonds			200,000			7.00	%		200,000			7.00	%
3.95% Convertible Bonds (2)			575,000			3.95	%		575,000			3.95	%
Unsecured Notes Payable			1,084,867			5.87	%		1,119,867			5.85	%
Revolving Credit Agreements (3)			135,000			6.00	%		18,000			5.97	%
Industrial Revenue Bonds			4,247			5.00	%		4,422			5.36	%
Obligations under Capital Leases			42,613			6.26	%		29,725			6.00	%
	Total Debt - As Reported		3,055,545			5.89	%		2,942,692			6.09	%
Less: Minority Partners' Interests			(38,763	)					(53,633	)
Plus: WRI Share of Unconsolidated Joint Ventures			140,136						98,209
	Total Debt - Prorata Share	$	3,156,918			5.99	%	$	2,987,268			6.10	%
		September 30,						December 31,
		2007			% of Total			2006			% of Total
Fixed vs Variable Rate Debt (at Prorata Share)
(includes the effect of interest rate swaps)
Fixed-rate debt		$	2,939,126			93.1	%	$	2,871,324			96.1	%
Variable-rate debt			217,792			6.9	%		115,944			3.9	%
	Total	$	3,156,918			100.0	%	$	2,987,268			100.0	%
Secured vs Unsecured Debt (at Prorata Share)
Secured Debt		$	1,164,179			36.9	%	$	1,077,052			36.1	%
Unsecured Debt			1,992,739			63.1	%		1,910,216			63.9	%
	Total	$	3,156,918			100.0	%	$	2,987,268			100.0	%
Coverage Ratios (at Prorata Share trailing 4 quarters)
Fixed Charge Coverage			2.12x						2.37x
Interest Coverage			2.28x						2.45x
Debt Service Coverage			2.23x						2.41x
		As			Prorata
		Reported			Share
Weighted Average Interest Rates (1)
Three months ended 9/30/07			5.89	%		5.99	%
Nine months ended 9/30/07			5.99	%		6.02	%
Twelve months ended 12/31/06			6.23	%		6.26	%
(1)  Weighted average interest rates exclude the effects of FAS 141 and loan costs related to financing.
(2)  The convertible bonds mature August 1, 2026 with a call option anytime after August 2011 and an initial conversion price of $49.075 per share.
(3)  Weighted average revolving interest rate excluding the effect of the commitment fee was 5.72% in third quarter 2007 and 5.63% in fourth quarter 2006.

Page 13

Weingarten Realty Investors
Debt Information
(in thousands, except percentages)
Schedule of Maturities at September 30, 2007
	As Reported					Prorata Share
	Maturities		Rate (7)			Maturities		Rate (7)			Floating Rate			Fixed Rate
2007 (1)	$	26,853		6.66	%	$	28,682		6.64	%	$	4,904		$	23,778
2008 (2) (3)		252,682		6.64	%		253,296		6.60	%		429			252,867
2009		113,642		6.62	%		113,509		6.59	%		9,795			103,714
2010		119,330		6.57	%		133,776		6.50	%		745			133,031
2011 (4)		890,475		4.96	%		885,486		4.94	%		488			884,998
2012		333,285		5.59	%		321,574		5.54	%		679			320,895
2013		283,581		5.72	%		279,515		5.64	%		841			278,674
2014		338,553		5.30	%		368,944		5.34	%		3,102			365,842
2015		205,531		6.05	%		214,756		5.61	%		1,124			213,632
Thereafter		291,283		6.68	%		356,710		6.04	%		33,544			323,166
Subtotal		2,855,215					2,956,248					55,651			2,900,597
Revolvers (5)		135,000		6.44	%		135,000		6.44	%		135,000
Other (6)		65,330					65,670								65,670
Swap Maturities:
2007												15,000			(15,000	)
2014												50,000			(50,000	)
2029												(37,859	)		37,859
Total	$	3,055,545		5.99	%	$	3,156,918		6.02	%	$	217,792		$	2,939,126
(1) Includes $2.8 million of amortizing industrial revenue bonds with a final maturity date of 2015 that are currently callable by the lender.
(2) Includes $25 million of MTN's maturing 2028 with 10, 12 and 20 year put options.
(3) Includes prepayment of $121.8 million mortgage.
(4) Includes $575 million of Convertible debt maturing in 2026 with a 5 year call option.
(5) Includes the effect of the commitment fee.
(6) Other includes capital leases, FAS 141 adjustment and market value of swaps.
(7) Interest rates exclude the effects of FAS 141 and loan costs related to financing.

Page 14

Weingarten Realty Investors
Tenant Diversification by Percent of Rental Revenues at Prorata Share
(in thousands, except percentages and # of units)
						% of
						Prorata
				# of Units		Rental			Square
Rank		Tenant Name	DBA’s			Revenue			Feet
	1	THE KROGER CO.	Kroger, Smith Food, Ralphs, Fry's Food, King Soopers		31		2.66	%		1,764
	2	T.J.X. COMPANIES, INC.	T.J. Maxx, Marshalls, Home Goods		32		1.65	%		833
	3	SAFEWAY, INC.	Safeway, Randalls, Von's		20		1.42	%		989
	4	ROSS STORES, INC.	Ross Dress for Less		29		1.38	%		677
	5	PUBLIX SUPER MARKETS, INC.			20		1.21	%		729
	6	HOME DEPOT, INC.			7		1.14	%		806
	7	OFFICE DEPOT, INC.			25		0.98	%		493
	8	BLOCKBUSTER VIDEO			53		0.97	%		281
	9	BARNES & NOBLE INC.	Barnes & Noble, Bookstop Booksellers		12		0.90	%		283
	10	CIRCUIT CITY			9		0.88	%		324
	11	GAP, INC.	Gap, Old Navy, Banana Republic		19		0.83	%		299
	12	PETCO ANIMAL SUPPLIES, INC.			24		0.81	%		277
	13	PETSMART, INC.			17		0.79	%		316
	14	H E BUTT GROCERY			6		0.74	%		385
	15	OFFICE MAX INC.			12		0.63	%		269
	16	STAPLES			12		0.60	%		319
	17	HARRIS TEETER			6		0.58	%		287
	18	LINENS 'N THINGS, INC.			10		0.57	%		251
	19	DOLLAR TREE STORES, INC.	Dollar Tree, Greenbacks		30		0.57	%		297
	20	RALEY'S	Raley's Bel Air Markets		6		0.56	%		331
	21	BED BATH & BEYOND, INC.			15		0.56	%		300
	22	BEST BUY, INC.			10		0.55	%		227
	23	ACADEMY SPORTS & OUTDOORS			5		0.53	%		567
	24	TOYS 'R' US			9		0.52	%		312
	25	STAGE STORES	Beall's, Palais Royal, Stages		20		0.51	%		438
		Total			439		22.55	%		12,054

Page 15

Weingarten Realty Investors
Leasing Information
(in thousands, except percentages and # of units and leases, prorata share)
Lease Expirations
	Shopping Center		Industrial		Total
	Percentage of		Percentage of		Percentage of
		Prorata		Prorata		Prorata
Year Expiring	Sq. Ft.	Revenue	Sq. Ft.	Revenue	Sq. Ft.	Revenue
2007	1.28%	1.56%	3.10%	3.02%	1.70%	1.72%
2008	10.24%	10.02%	21.30%	21.97%	12.81%	11.32%
2009	12.10%	12.53%	18.99%	18.24%	13.69%	13.15%
2010	13.32%	14.75%	15.80%	16.75%	13.87%	14.96%
2011	13.36%	14.58%	10.35%	11.68%	12.62%	14.25%
2012-2016	30.20%	29.71%	30.09%	28.09%	30.11%	29.50%
2017-2026	18.02%	15.72%	0.37%	0.26%	14.06%	14.10%
Leasing Production - New Leases and Renewals
		Number		Increase
		of Leases	Square Feet	in Base Rent
Three Months Ended
September 30, 2007
Retail		268	1,098	10.4%
Industrial		61	818	4.0%
Total		329	1,916	9.2%
Three Months Ended
September 30, 2006
Retail		303	978	8.3%
Industrial		52	303	1.3%
Total		355	1,281	7.3%
Nine Months Ended
September 30, 2007
Retail		784	3,221	11.3%
Industrial		164	2,107	4.8%
Total		948	5,328	10.1%
Nine Months Ended
September 30, 2006
Retail		826	2,765	8.3%
Industrial		155	1,769	3.1%
Total		981	4,534	7.3%
Average Minimum Rent per Square Foot
			Quarter Ended
	September 30,	June 30,	March 31,	December 31,	September 30,
	2007	2007	2007	2006	2006
Retail	$12.37	$12.29	$12.14	$12.12	$12.10
Industrial	$4.90	$4.85	$4.98	$4.91	$4.92
Occupancy			Quarter Ended
	September 30,	June 30,	March 31,	December 31,	September 30,
	2007	2007	2007	2006	2006
Shopping Center Portfolio	95.2%	95.6%	95.4%	95.0%	95.0%
Industrial Portfolio	94.5%	94.6%	90.8%	91.2%	90.4%
Total Portfolio	95.1%	95.3%	94.4%	94.1%	94.0%
Note:  A space is considered occupied upon execution of a lease agreement.

Page 16

Weingarten Realty Investors
Property Information
(in thousands at prorata share)
Property Investment Summary
			New		Major		All
	Acquisitions		Development		Repairs		Other		Total
Nine Months Ended 09/30/2007	$	504,372	$	189,979	$	12,156	$	46,537	$	753,044
Year Ended 12/31/2006		602,987		166,999		14,338		32,757		817,081
Year Ended 12/31/2005		358,990		33,171		12,858		36,791		441,810
Year Ended 12/31/2004		511,245		37,836		12,265		41,983		603,329
Year Ended 12/31/2003		413,796		64,011		11,754		39,062		528,623

Page 17

Weingarten Realty Investors
Acquisition Summary
(in thousands at prorata share)
		Sq. Ft.
		of Bldg. Area		Date	Total
Center	City/State	at 100%		Acquired	Investment	Yield
Wholly-Owned Acquisitions
Shopping Centers
Scottsdale Horizon	Scottsdale, AZ		10	01/22/07
Entrada De Oro	Tucson, AZ		89	01/22/07
Oracle Crossings	Tucson, AZ		254	01/22/07
Oracle Wetmore	Tucson, AZ		287	01/22/07
Cherokee Plaza	Atlanta, GA		99	01/25/07
Shoppes at Bears Path	Tucson, AZ		44	03/13/07
Madera Village	Tucson, AZ		97	03/13/07
Oak Grove Market Center	Portland, OR		97	06/15/07
Perimeter Village	Atlanta, GA		388	07/03/07
Burbank Station	Burbank, IL		304	07/03/07
Countryside Centre	Clearwater, FL		243	07/06/07
Stella Link Shopping Center	Houston, TX		29	08/21/07
The Shoppes at South Semoran	Orlando, FL		102	09/07/07
			2,040				6.20	%
Industrial
Lakeland Interstate Industrial Park I	Lakeland, FL		168	01/11/07
Enterchange at Northlake A	Ashland, VA		215	04/20/07
Enterchange at Walthall D	Colonial Heights, VA		287	04/20/07
Town & Country Commerce Center	Houston, TX		206	06/29/07
Riverview Distribution Center	Atlanta, GA		265	08/10/07
			1,142				6.60	%
Other
Arcadia Biltmore Plaza (1)	Phoenix, AZ		24	01/31/07
			24				5.60	%
Subtotal - Wholly Owned Acquisitions			3,206				6.20	%
Joint Venture Acquisitions
Shopping Centers
Sunrise West (25%)	Sunrise, FL		76	01/26/07
Cole Park Plaza (25%)	Chapel Hill, NC		82	02/01/07
Pineapple Commons (20%)	Stuart, FL		249	07/03/07
Mansell Crossing (20%)	Alpharetta, GA		103	07/03/07
Preston Shepard Place (20%)	Plano, TX		363	07/03/07
Tully Corners Shopping Center (10%)	San Jose, CA		116	09/20/07
			990				6.00	%
Industrial
Enterchange at Northlake C (20%)	Ashland, VA		293	04/20/07
Enterchange at Meadowville (20%)	Chester, VA		227	04/20/07
Interport Business Center A (20%)	Richmond, VA		447	04/20/07
Interport Business Center B (20%)	Richmond, VA		118	05/03/07
Interport Business Center C (20%)	Richmond, VA		55	05/03/07
Enterchange at Walthall C (20%)	Colonial Heights, VA		262	05/03/07
Enterchange at Walthall A & B (20%)	Colonial Heights, VA		607	05/03/07
			2,009				7.60	%
Subtotal - Joint Venture Acquisitions			2,999				6.50	%
Grand Total Acquisitions (Y-T-D)			6,204		$504,372		6.30	%
(1) Acquired office building, a portion of which will be use to house company personnel.

Page 18

Weingarten Realty Investors
Disposition Summary
(in thousands at prorata share)
		Sq. Ft.					Weighted
		of Bldg. Area		Date	Sales		Sales
Center	City/State	at 100%		Sold	Proceeds		Cap
Operating Property Sales
Shopping Centers
Southridge Plaza	Austin, TX		146	3/8/07
First Colony Commons	Sugarland, TX		410	4/2/07
Lincoln Place I	Fairview Heights, IL		103	4/5/07
Lincoln Place II	Fairview Heights, IL		170	4/5/07
Prien Lake Plaza (1)	Lake Charles, LA		129	5/15/07
Gold Creek	Elizabeth, CO		27	5/8/07
Bridges at Smoky Hill	Aurora, CO		20	5/25/07
Village Shoppes of Sugarloaf	Lawrenceville, GA		148	6/27/07
Plaza Shopping Center	Rosenberg, TX		81	7/18/07
Shoppes at Deer Creek	Crowley, TX		33	9/27/07
Golden Beach Marketplace	Fort Worth, TX		37	9/27/07
Subtotal - Shopping Centers			1,303					6.76	%
Industrial
Northaven Business Center	Dallas, TX		152	7/18/07
Railwood	Houston, TX		90	9/24/07
Subtotal - Industrial			242					5.96	%
Total Operating Property Sales (Y-T-D)			1,545		$	202,297		6.72	%
Land and Merchant Development Sales
Shopping Centers
Boswell Towne Center	Saginaw, Texas			1/18/07
Lake Pointe Market Center	Rowlett (Dallas), Texas			2/2/07
1855 Dornoch Court	San Diego, CA			5/10/07
1725 Dornoch Court	San Diego, CA			5/10/07
Lake Pointe Market Center	Rowlett (Dallas), Texas			8/21/07
Laveen Village Phase II	Phoenix, AZ			7/12/07
Mckinney Centre	McKinney, TX			7/12/07
NW Freeway at Gessner	Houston, TX			8/31/07
Wilcrest Bissonnet	Houston, TX			9/4/07
Total Land and Merchant Development Sales (Y-T-D)					$	52,891
Grand Total					$	255,188
(1) Sold all except for 3 lots.

Page 19

		Weingarten Realty Investors
		Properties Currently Under Development
		(in thousands at prorata share, except percentages)
								Total Square
								Feet of
								Building Area				Spent							Total Estimated
								(1)				Year-To-					Spent		Investment				Est.
					Percent					WRI's		Date					Inception		WRI		Gross		Final			Estimated
		Center Name	Location	Anchor	Ownership			Total		Share		2007					To Date		Costs		Costs		ROI %			Stabilization
	1	Glenwood Meadows *	Glenwood Springs (Denver), Colorado	Target (O.B.O.)		41	%		403		114	$	476				$	11,729	$	11,729	$	28,607				1Q'08
	2	Buckingham Square	Aurora (Denver), Colorado	Target (O.B.O.)		50	%		930		254		3,774					6,278		15,572		31,143				2010
	3	River Point at Sheridan *	Sheridan (Denver), Colorado	Target / Costco		50	%		780		225		(9,802	)	(2	)		10,838		33,173		66,346				2009
	4	Raintree Ranch Center	Chandler (Phoenix), Arizona	Whole Foods		100	%		137		137		9,186					22,331		27,311		27,311				4Q'07
Total Western Region									2,250		730		3,634					51,176		87,784		153,407
	5	Starr Plaza *	Rio Grande City, Texas	Beall's / H.E.B		50	%		185		93	$	59				$	10,252	$	10,264	$	20,527				1Q'07
	6	Sharyland Towne Crossing *	Mission, Texas	Target (O.B.O.) / H.E.B		50	%		490		179		9,454					22,713		24,907		49,814				1Q'08
	7	Market at Nolana *	McAllen, Texas	Wal-Mart (O.B.O.)		50	%		263		30		1,553					4,433		5,464		10,927				2008
	8	Market at Sharyland Place*	Mission, Texas	Kohl's		50	%		113		56		14					1,693		2,876		5,752				2Q'08
	9	North Sharyland Crossing*	Mission, Texas			50	%		323		81		43					3,650		8,648		17,296				2009
Total Central Region									1,374		438		11,123					42,741		52,158		104,316
	10	Phillips Village	Orlando, Florida	Wal-Mart (O.B.O.)		100	%		286		66	$	6,455				$	12,063	$	14,700	$	14,700				1Q'08
	11	Phillips Crossing	Orlando, Florida	Whole Foods		100	%		145		145		6,317					7,434		24,080		24,080				2008
	12	Colonial Landing	Orlando, Florida	PetsMart / Bed, Bath & Beyond		50	%		265		132		1,582					12,633		15,590		31,180				2008
Total Eastern Region									695		343	$	14,354				$	32,130	$	54,370	$	69,960
		Total 12 Properties currently Under Development to be held by WRI							4,319		1,512	$	29,111				$	126,047	$	194,312	$	327,683		10.1	%
	1	Village at Liberty Lake *	Liberty Lake (Spokane), Washington	Home Depot (O.B.O.)		50	%		10		5	$	29				$	917	$	917	$	1,834				4Q'07
	2	Gladden Farms	Marana (Tucsan), Arizona	Fry's (O.B.O)		50	%		65		29		1,631					1,631		5,731		11,461				2010
	3	Mohave Crossroads - PH I, II & III	Bullhead City, Arizona	Target (O.B.O)		100	%		430		233		10,011					10,011		48,531		48,531				2009
	4	Jess Ranch Phase III *	Apple Valley (Los Angeles), California	Best Buy / Bed, Bath & Beyond		50	%		194		97		5,803					5,803		22,170		44,340				2010
	5	The Shoppes at Parkwood Ranch	Mesa (Phoenix), Arizona	Hobby Lobby		100	%		105		105		6,497					6,497		17,818		17,818				2009
	6	Jess Ranch Marketplace*	Apple Valley (Los Angeles), California	Winco (O.B.O.)		50	%		308		107		8,078					11,278		18,186		36,371				3Q'08
Total Western Region									1,112		576	$	32,049				$	36,137	$	113,352	$	160,355
	7	North Towne Plaza	Brownsville, Texas	Lowe's (O.B.O.)		75	%		323		147	$	3,296				$	8,316	$	23,158	$	30,877				2010
	8	Westwood Center	San Antonio, Texas			100	%		276		101		11,410					11,410		15,124		15,124				2010
	9	Horne Street	Fort Worth, Texas	24 Hour Fitness		100	%		55		55		4,416					4,416		13,508		13,508				2010
	10	Festival Plaza - Helotes	Helotes, Texas			100	%		257		49		88					853		7,643		7,643				2011
	11	Stevens Ranch	San Antonio, Texas			50	%		566		283		19,913					19,913		40,914		81,827				2013
	12	Gateway Station	Burleson (Fort Worth), Texas	Kohl's (O.B.O.) / Conn's		70	%		84		59		168					1,450		8,399		11,998				2009
	13	Westover Square	San Antonio, Texas	Target (O.B.O.) / Lowe's (O.B.O.)		67	%		60		0		7					3,058		3,911		5,838				2009
	14	River Pointe Apartments II	Conroe (Houston), Texas	N/A		100	%		217		217		11,617					18,717		18,717		18,717				4Q'07
	15	Rock Prairie Marketplace	College Station, Texas			100	%		73		73		4,157					16,478		28,145		28,145				2011
	16	Tomball Marketplace	Tomball (Houston), Texas	Academy (O.B.O.)		100	%		372		183		8,665					24,501		30,559		30,559				2009
Total Central Region									2,283		1,167	$	63,737				$	109,112	$	190,077	$	244,236
	17	Surf City Crossing	Surf City (Wilmington), North Carolina	Harris Teeter		100	%		71		71	$	2,432				$	5,727	$	6,786	$	6,786				3Q'11
	18	Southern Pines	Southern Pines, North Carolina			100	%		68		68		8,652					8,652		15,816		15,816				2Q'10
	19	Clermont Landing	Clermont (Orlando), Florida	JC Penny (O.B.O)		55	%		313		103		7,218					7,219		17,258		31,379				2009
	20	Palm Coast Landing at Town Center	Palm Coast, Florida	Target (O.B.O)		50	%		413		115		6,305					6,305		20,197		40,394				2009
	21	Waterford Village	Leland (Wilmington), North Carolina	Harris Teeter		75	%		98		74		329					6,701		11,735		15,647				3Q'08
	22	S. Fulton Town Center	Atlanta, Georgia	Wal-Mart (O.B.O.)		50	%		435		129		9,844					9,844		22,046		44,091				2010
	23	Ridgeway Trace	Memphis, Tennessee	Target (O.B.O)		100	%		347		210		9,994					37,552		66,544		66,544				2010
	24	Shoppes at Caveness Farms  (Retail Tracts)	Wake Forest (Raleigh), North Carolina			100	%		296		296		(33	)				12,447		53,233		53,233				2Q'10
	25	Crabtree Towne Center	Raleigh, North Carolina	Specialty Retail/Office/Residential		100	%		256		256		20,341					20,340		108,605		108,605				2Q'11
Total Eastern Region									2,297		1,321	$	65,082				$	114,787	$	322,220	$	382,495
	Total 25 proposed merchant build properties currently under development								5,692		3,064	$	160,868				$	260,036	$	625,650	$	787,086		8.8	%
	Total 37 properties in various stages of development								10,011		4,577	$	189,979				$	386,082	$	819,962	$	1,114,769		9.1	%
	*   Unconsolidated Joint Venture
	O.B.O - Owned By Other
	(1)	Total Building Area square footage reflects 100% ownership including square feet that is owned by other. WRI's share of building area square footage reflects WRI's ownership percentage excluding square feet owned by other.
	(2)	Net of receipt of bond reimbursements& #160;

Page 20

Weingarten Realty Investors
Total Operating Income at Prorata Share by Geographic Region (1)
(in thousands, except percentages)
	Nine Months Ended September 30,											Twelve Months Ended December 31,
	2007		%			2006			%			2006			%			2005			%			2004		%			2003			%
Western Region
California	$	28,792		13.6	%	$	28,845			15.5	%	$	38,437			15.3	%	$	36,715			15.6	%	$	32,188		15.5	%	$	26,178			14.8	%
Nevada		16,987		8.0	%		14,655			7.9	%		19,170			7.6	%		16,949			7.2	%		13,208		6.4	%		11,862			6.7	%
Arizona		11,953		5.6	%		7,666			4.1	%		10,232			4.1	%		9,926			4.2	%		8,648		4.2	%		8,038			4.6	%
Colorado		5,553		2.6	%		5,546			3.0	%		7,484			3.0	%		6,211			2.6	%		6,253		3.0	%		3,423			1.9	%
New Mexico		4,914		2.3	%		4,669			2.5	%		6,523			2.6	%		5,445			2.3	%		4,268		2.1	%		3,442			2.0	%
Utah		1,784		0.8	%		1,653			0.9	%		2,224			0.9	%		2,014			0.9	%		1,763		0.9	%		(2	)		0.0	%
Oregon		507		0.2	%		-			0.0	%		34			0.0	%		-			0.0	%		-		0.0	%		-			0.0	%
Washington		789		0.4	%		65			0.0	%		207			0.1	%		-			0.0	%		-		0.0	%		-			0.0	%
Total Western Region		71,279		33.5	%		63,099			33.9	%		84,311			33.6	%		77,260			32.8	%		66,328		32.1	%		52,941			30.0	%
Central Region
Texas	$	58,953		27.8	%	$	59,468			31.9	%	$	78,120			31.1	%	$	80,970			34.4	%	$	72,203		34.9	%	$	74,358			42.1	%
Louisiana		5,620		2.7	%		4,552			2.4	%		6,136			2.4	%		7,810			3.3	%		11,215		5.4	%		6,340			3.6	%
Kansas		996		0.5	%		1,022			0.5	%		1,241			0.5	%		1,049			0.4	%		1,548		0.7	%		1,785			1.0	%
Arkansas		1,623		0.8	%		1,622			0.9	%		2,183			0.9	%		3,481			1.5	%		1,823		0.9	%		1,288			0.7	%
Mississippi		-		0.0	%		(6	)		0.0	%		(6	)		0.0	%		(1	)		0.0	%		-		0.0	%		(15	)		0.0	%
Illinois		755		0.4	%		-			0.0	%		-			0.0	%		-			0.0	%		-		0.0	%		-			0.0	%
Missouri		860		0.4	%		945			0.5	%		1,238			0.5	%		1,334			0.6	%		1,383		0.7	%		1,425			0.8	%
Oklahoma		471		0.2	%		421			0.2	%		513			0.2	%		436			0.2	%		585		0.3	%		540			0.3	%
Total Central Region		69,278		32.8	%		68,024			36.4	%		89,425			35.6	%		95,079			40.4	%		88,757		42.9	%		85,721			48.5	%
Eastern Region
Florida	$	37,027		17.5	%	$	29,687			15.9	%	$	41,807			16.6	%	$	34,013			14.4	%	$	30,223		14.6	%	$	23,810			13.5	%
North Carolina		14,904		7.0	%		12,920			6.9	%		17,274			6.9	%		14,074			6.0	%		11,039		5.3	%		8,398			4.8	%
Virginia		896		0.4	%		-			0.0	%		-			0.0	%		-			0.0	%		-		0.0	%		-			0.0	%
South Carolina		140		0.1	%		101			0.1	%		154			0.1	%		-			0.0	%		-		0.0	%		-			0.0	%
Georgia		11,371		5.4	%		5,927			3.1	%		8,865			3.5	%		7,016			3.0	%		5,022		2.3	%		2,097			1.2	%
Tennessee		3,427		1.6	%		3,761			2.0	%		5,069			2.0	%		4,312			1.8	%		3,949		1.9	%		3,358			1.9	%
Kentucky		3,359		1.6	%		3,000			1.6	%		4,112			1.6	%		3,440			1.5	%		1,507		0.7	%		-			0.0	%
Maine		158		0.1	%		160			0.1	%		224			0.1	%		350			0.1	%		318		0.2	%		89			0.1	%
Total Eastern Region		71,282		33.7	%		55,556			29.7	%		77,505			30.8	%		63,205			26.8	%		52,058		25.0	%		37,752			21.5	%
Total Operating Income	$	211,839		100.0	%	$	186,679			100.0	%	$	251,241			100.0	%	$	235,544			100.0	%	$	207,143		100.0	%	$	176,414			100.0	%
(1) The Operating Income at Prorata Share includes the real estate operations of joint ventures at WRI's ownership percentages ranging from 10% to 81% except for the operations of down-reit partnerships, which are included at 100% with the applicable minority interest. Prorata financial information is not, and is not intended to be, a presentation in accordance with generally accepted accounting principles.

Page 21

Weingarten Realty Investors
Average Base Rents
September 30, 2007
In Thousands, except per square foot amounts
Economics reflect WRI's prorata ownership interest
											Avg.						Avg.
							Occupied		Annualized		Base		Occupied		Annualized		Base
							SF		Rents		Rents		SF		Rents		Rents
	# of				Total
	Properties		GLA		ABR		Greater than 10K SF						Less than 10K SF
Retail
West
Arizona		22		2,053	$	13.19		1,202	$	10,443	$	8.69		678	$	14,345	$	21.16
California		27		3,562	$	15.83		1,982	$	19,739	$	9.96		1,345	$	32,934	$	24.49
Colorado		11		1,042	$	13.42		651	$	6,119	$	9.40		329	$	7,040	$	21.38
New Mexico		6		1,022	$	13.55		513	$	5,629	$	10.97		263	$	4,890	$	18.61
Nevada		13		2,772	$	12.52		1,967	$	17,211	$	8.75		691	$	16,055	$	23.23
Oregon		3		120	$	12.63		66	$	555	$	8.45		54	$	957	$	17.71
Utah		3		307	$	12.44		200	$	2,065	$	10.35		102	$	1,687	$	16.52
Washington		5		87	$	16.89		64	$	923	$	14.48		19	$	477	$	24.91
		90		10,964	$	13.93		6,643	$	62,683	$	9.44		3,481	$	78,385	$	22.52
Central
Arkansas		3		358	$	8.47		310	$	2,306	$	7.43		46	$	709	$	15.52
Illinois		1		304	$	11.55		268	$	2,647	$	9.87		35	$	858	$	24.38
Kansas		2		251	$	10.35		192	$	1,904	$	9.92		39	$	481	$	12.45
Louisiana		13		1,517	$	8.90		836	$	4,912	$	5.88		601	$	7,879	$	13.10
Missouri		2		229	$	9.41		136	$	1,095	$	8.06		49	$	649	$	13.14
Oklahoma		2		172	$	7.16		107	$	580	$	5.40		48	$	533	$	11.11
Texas		114		12,609	$	11.38		7,355	$	61,198	$	8.32		4,141	$	69,585	$	16.80
		137		15,438	$	10.97		9,204	$	74,642	$	8.11		4,960	$	80,694	$	16.27
East
Florida		40		5,336	$	13.50		3,330	$	33,185	$	9.97		1,727	$	35,058	$	20.31
Georgia		15		1,837	$	13.58		1,165	$	11,907	$	10.22		525	$	11,037	$	21.04
Kentucky		4		597	$	13.05		280	$	2,419	$	8.64		261	$	4,648	$	17.79
Maine		1		154	$	5.37		96	$	460	$	4.81		36	$	247	$	6.87
North Carolina		25		2,602	$	11.46		1,539	$	12,257	$	7.97		905	$	15,757	$	17.41
South Carolina		1		22	$	14.22		5	$	45	$	8.50		14	$	225	$	16.41
Tennessee		6		651	$	10.49		421	$	3,489	$	8.29		158	$	2,575	$	16.34
		92		11,199	$	12.75		6,835	$	63,762	$	9.33		3,625	$	69,548	$	19.19
Total Retail		319		37,601	$	12.37		22,682	$	201,086	$	8.87		12,066	$	228,627	$	18.95
Industrial
West
California		1		145	$	6.44		112	$	706	$	6.29		2	$	27	$	17.45
		1		145	$	6.44		112	$	706	$	6.29		2	$	27	$	17.45
Central
Texas		56		7,041	$	5.47		4,545	$	21,387	$	4.71		1,825	$	13,457	$	7.37
		56		7,041	$	5.47		4,545	$	21,387	$	4.71		1,825	$	13,457	$	7.37
East
Florida		5		1,665	$	4.27		1,648	$	7,015	$	4.26		17	$	93	$	5.39
Georgia		8		1,221	$	3.96		1,037	$	4,090	$	3.95		21	$	93	$	4.47
Tennessee		3		685	$	2.69		661	$	1,777	$	2.69		1	$	5	$	7.60
Virginia		9		788	$	4.52		754	$	3,376	$	4.48		5	$	60	$	11.40
		25		4,358	$	3.98		4,099	$	16,259	$	3.97		44	$	250	$	5.70
Total Industrial		82		11,544	$	4.90		8,757	$	38,352	$	4.38		1,871	$	13,734	$	7.34
Joint venture properties are reflected at WRI prorata share
Occupied SF based on commenced leases
# of properties and GLA differ from property list due to new development properties with no commenced leases

Page 22

Weingarten Realty Investors
Property Listing at September 30, 2007
			Gross Leasable Area
	# of	WRI	Joint Venture	Owned
ALL PROPERTIES BY STATE	Properties	Owned	Share	by Other	Total
Arizona	26	2,306,051	-	888,701	3,194,752
Arkansas	3	357,740	-	-	357,740
California	30	3,813,941	791,966	457,608	5,063,514
Colorado	13	1,049,373	807,233	859,236	2,715,840
Florida	48	7,110,120	1,873,053	783,822	9,766,995
Georgia	22	3,059,115	694,056	716,003	4,469,175
Illinois	1	303,566	-	-	303,566
Kansas	2	250,855	-	-	250,855
Kentucky	4	597,489	-	76,410	673,899
Louisiana	16	1,632,611	402,432	946,767	2,981,810
Maine	1	153,776	51,258	-	205,034
Missouri	2	229,182	28,267	-	257,449
Nevada	12	2,771,736	123,239	625,737	3,520,712
New Mexico	6	1,021,865	-	396,750	1,418,615
North Carolina	29	2,641,192	147,005	742,374	3,530,571
Oklahoma	2	171,657	-	-	171,657
Oregon	3	119,939	90,927	62,600	273,466
South Carolina	1	21,530	64,590	-	86,120
Tennessee	9	1,336,002	455,189	-	1,791,191
Texas	173	20,079,808	3,036,183	2,442,403	25,558,391
Utah	3	306,638	60,772	296,357	663,767
Virginia	9	788,083	1,607,139	-	2,395,222
Washington	5	86,877	332,505	198,220	617,603
Grand Total	420	50,209,146	10,565,814	9,492,988	70,267,944
Total Retail	342	38,467,205	5,385,511	9,492,988	53,345,700
Total Industrial	75	11,581,624	5,180,303	-	16,761,927
Total Other	3	160,317	-	-	160,317

Footnotes for detail property listing

(1)  Denotes partial ownership.  The square feet figures represent WRI's proportionate ownership of the property held by the joint venture or partnership.

(2)  Denotes property currently under development.

(3)  Denotes properties that are not consolidated for SEC reporting purposes.

(+)  Denotes supermarket or discount store offering full service grocery along with general merchandise.

NOTE:  Square feet is reflective of area available to be leased.  Certain listed properties may have additional square feet under WRI ownership.

Page 23

Weingarten Realty Investors
Property Listing at September 30, 2007
						Gross Leasable Area
			WRI			Joint	Owned
			Owned	Foot	WRI	Venture	by
Center	Location	Anchors	%	Notes	Owned	Share	Other	Total
Retail
Operating Properties
Arizona
Palmilla Center	Dysart Rd. at McDowell Rd., Avondale	Office Max, PetsMart, Dollar Tree, Fry’s Supermarket + (O.B.O.)	100.0%		103,568	0	65,574	169,142
University Plaza	Plaza Way at Milton Rd., Flagstaff	PetsMart, Safeway +, Ross Dress for Less, Bed Bath & Beyond	100.0%		166,321	0	0	166,321
Val Vista Towne Center	Warner at Val Vista Rd., Gilbert	Target (O.B.O.), Staples, Ross Dress for Less, Petco	100.0%		93,372	0	123,000	216,372
Arrowhead Festival S.C.	75th Ave. at W. Bell Rd., Glendale	Borders (O.B.O.), Sports Authority (O.B.O.), Toys “R” Us (O.B.O.), Bed	100.0%		29,834	0	146,624	176,458
	Bath & Beyond (O.B.O.)
Fry's Ellsworth Plaza	Broadway Rd. at Ellsworth Rd., Mesa	Fry’s Supermarket + (O.B.O.)	100.0%		9,034	0	64,574	73,608
Monte Vista Village Center	Baseline Rd. at  Ellsworth Rd., Mesa	Safeway + (O.B.O.)	100.0%		45,751	0	58,400	104,151
Red Mountain Gateway	Power Rd. at McKellips Rd., Mesa	Target (O.B.O.), Bed Bath & Beyond, Famous Footwear	100.0%		69,568	0	136,000	205,568
Camelback Village Square	Camelback at 7th Avenue, Phoenix	Fry’s Supermarket +, Target (O.B.O.), Office Max	100.0%		134,494	0	100,000	234,494
Laveen Village Market	Baseline Rd. at  51st St., Phoenix	Fry’s Supermarket + (O.B.O.)	100.0%		40,025	0	71,619	111,644
Rancho Encanto	35th Avenue at Greenway Rd., Phoenix	Blockbuster	100.0%		70,909	0	0	70,909
Squaw Peak Plaza	16th Street at Glendale Ave., Phoenix	Basha's, Blockbuster	100.0%		61,060	0	0	61,060
Fountain Plaza	77th St. at McDowell, Scottsdale	Fry’s Supermarket +, Dollar Tree	100.0%		102,271	0	0	102,271
Scottsdale Horizon	Frank Lloyd Wright Blvd and Thompson Peak	Baja Fresh Mexican Grill	100.0%		10,337	0	0	10,337
	Parkway, Scottsdale
Broadway Marketplace	Broadway at Rural, Tempe	Office Max, Ace Hardware	100.0%		82,757	0	0	82,757
Fry's Valley Plaza	S. McClintock at E. Southern, Tempe	Basha’s +	100.0%		145,104	0	0	145,104
Pueblo Anozira	McClintock Dr. at Guadalupe Rd., Tempe	Fry’s Food & Drug +, Petco, Dollar Tree	100.0%		157,309	0	0	157,309
Entrada de Oro	Magee Road and Oracle Road, Tucson	Wal-Mart	100.0%		88,685	0	20,406	109,091
Madera Village	Tanque Verde Rd. and Catalina Hwy, Tucson	Safeway +, Walgreen's, Ace Hardware	100.0%		96,032	0	10,594	106,626
Oracle Crossings	Oracle Highway and Magee Road, Tucson	Kohl's, Sprouts Farmers Market, Peter Piper Pizza	100.0%		243,625	0	10,000	253,625
Oracle Wetmore	Wetmore Road and Oracle Highway, Tucson	Home Depot , Circuit City, PetSmart, Walgreens	100.0%		256,093	0	0	256,093
Shoppes at Bears Path	Tanque Verde Rd. and Bear Canyon Rd.,	Osco Drug (O.B.O.)	100.0%		43,928	0	21,851	65,779
	Tucson
Arizona Total:	# of Properties:  21				2,050,077	0	828,642	2,878,719
Arkansas
Markham Square	W. Markham at John Barrow, Little Rock	Burlington Coat Factory	100.0%		126,904	0	0	126,904
Markham West	11400 W. Markham, Little Rock	Office Depot, Michael’s, Academy, Bassett Furniture, Dollar Tree	100.0%		178,210	0	0	178,210
Westgate	Cantrell at Bryant, Little Rock	SteinMart	100.0%		52,626	0	0	52,626
Arkansas Total:	# of Properties:  3				357,740	0	0	357,740
California
Centerwood Plaza	Lakewood Blvd. at Alondra Dr., Bellflower	Bestway Supermarket +, Hollywood Video	100.0%		75,500	0	0	75,500
Southampton Center	IH-780 at Southampton Rd., Benecia	Raley’s +, Hollywood Video	100.0%		162,390	0	0	162,390
580 Market Place	E. Castro Valley at Hwy. I-580, Castro Valley	P. W. Supermarkets +, Petco	100.0%		100,165	0	0	100,165
Chino Hills Marketplace	Chino Hills Pkwy. at Pipeline Ave., Chino Hills	Rite Aid, Von’s +, 24 Hour Fitness, Dollar Tree	100.0%		309,098	0	0	309,098
Buena Vista Marketplace	Huntington Dr. at Buena Vista St., Duarte	Ralphs +	100.0%		90,805	0	0	90,805
El Camino Promenade	El Camino Real at Via Molena, Encinitas	T.J. Maxx,  Beverages & More, Staples	100.0%		110,783	0	0	110,783
Fremont Gateway Plaza	Paseo Padre Pkwy. at Walnut Ave., Fremont	Raley’s +, NAZ Cinema, 24 Hour Fitness	100.0%		194,601	0	0	194,601
Hallmark Town Center	W. Cleveland Ave. at Stephanie Ln., Madera	Food 4 Less + , Bally’s	100.0%		85,066	0	0	85,066
Menifee Town Center	Antelope Rd. at Newport Rd., Menifee	Ralphs +, Target (O.B.O.), Ross Dress for Less	100.0%		124,494	0	124,000	248,494
Marshalls Plaza	McHenry at Sylvan Ave., Modesto	Marshall’s, Dress Barn, Guitar Center	100.0%		78,752	0	0	78,752
Prospectors Plaza	Missouri Flat Rd. at US Hwy. 50, Placerville	SaveMart +, Kmart, Long’s Drug Store	100.0%		228,345	0	0	228,345
Shasta Crossroads	Churn Creek Rd. at Dana Dr., Redding	Food Maxx +, Target (O.B.O.), Sport Authority (O.B.O.), Ashley Furniture	100.0%		121,334	0	131,468	252,802
	(O.B.O.)
Ralphs Redondo	Hawthorne Blvd. at 182nd St., Redondo	Ralphs +	100.0%		66,700	0	0	66,700
Arcade Square	Watt Ave. at Whitney Ave., Sacramento	Grocery Outlet +, Hollywood Video	100.0%		76,497	0	0	76,497

Page 24

Weingarten Realty Investors
Property Listing at September 30, 2007
						Gross Leasable Area
			WRI			Joint	Owned
			Owned	Foot	WRI	Venture	by
Center	Location	Anchors	%	Notes	Owned	Share	Other	Total
Discovery Plaza	W. El Camino Ave. at Truxel Rd., Sacramento	Bel Air Market +, Blockbuster	100.0%		93,398	0	0	93,398
Summerhill Plaza	Antelope Rd. at Lichen Dr., Sacramento	Raley’s +	100.0%		133,614	0	0	133,614
Valley	Franklin Boulevard and Mack Road,	Raley's +	100.0%		98,240	0	5,365	103,605
Silver Creek Plaza	E. Capital Expressway at Silver Creek Blvd.,	Safeway +, Walgreen’s, Orchard Supply (O.B.O.)	100.0%		130,729	0	65,000	195,729
	San Jose
Tully Corners Shopping Center	Tully Rd at Quimby Rd, San Jose	Food Maxx +, Petco, Party City	10.0%	(1)	11,599	104,393	0	115,992
Greenhouse Marketplace	Lewelling Blvd. at Washington Ave., San	Safeway + (O.B.O.), Longs Drug Stores (O.B.O.), Big Lots, 99 Cents Only,	100.0%		152,095	0	86,569	238,664
	Leandro	Factory 2 U
Rancho San Marcos Village	San Marcos Blvd. at Rancho Santa Fe Rd.,	Von’s + , 24 Hour Fitness	100.0%		120,829	0	0	120,829
	San Marcos
San Marcos Plaza	San Marcos Blvd. at Rancho Santa Fe Rd.,	Albertsons + (O.B.O.)	100.0%		35,880	0	45,206	81,086
	San Marcos
Stony Point Plaza	Stony Point Rd. at Hwy. 12, Santa Rosa	Food Maxx +, Hollywood Video	100.0%		198,528	0	0	198,528
Sunset Center	Sunset Ave. at State Hwy. 12, Suisun City	Albertsons +, Rite Aid	100.0%		85,238	0	0	85,238
Creekside Center	Alamo Dr. at Nut Creek Rd., Vacaville	Raley’s +, Blockbuster	100.0%		116,229	0	0	116,229
Freedom Centre	Freedom Blvd. At Airport Blvd., Watsonville	Rite Aid, Big Lots, Safeway +	100.0%		150,241	0	0	150,241
Westminster Center	Westminster Blvd. at Golden West St.,	Albertsons +, Home Depot, Edward’s Cinema, Rite Aid, Petco	100.0%		411,278	0	0	411,278
	Westminster
California Total:	# of Properties:  27				3,562,428	104,393	457,608	4,124,429
Colorado
Aurora City Place	E. Alameda at I225, Aurora	PetsMart, Sportsman Warehouse, Linens ‘N Things, Barnes & Noble,	50.0%	(1)(3)	182,642	182,642	182,000	547,283
	Comp USA, Ross Dress For Less, Super Target + (O.B.O.), Pier 1
Academy Place	Academy Blvd. at Union Blvd., Colorado	Safeway + (O.B.O.), Ross Dress For Less, Target (O.B.O.)	100.0%		84,057	0	177,362	261,419
	Springs
Uintah Gardens	NEC 19th St. at West Uintah, Colorado	King Sooper’s +, Walgreens, Petco, Big 5 Sporting Goods	100.0%		212,638	0	0	212,638
Green Valley Ranch Towne Center	Tower Rd. at 48th Ave., Denver	King Sooper’s + (O.B.O.)	50.0%	(1)(3)	27,503	27,503	58,000	113,006
Lowry Town Center	2nd Ave. at Lowry Ave., Denver	Super Target + (O.B.O.), Barnes & Noble, Office Max, Michael’s, Pier 1	50.0%	(1)(3)	38,370	38,370	52,700	129,439
	Imports, Cost Plus, Linens ‘N Things
CityCenter Englewood	S. Santa Fe at Hampden Ave., Englewood	Wal-Mart (O.B.O.), Ross Dress for Less, Gart Sports, Office Depot, Bally	51.0%	(1)	137,977	132,566	90,000	360,543
	Total Fitness, Petco
Highlands Ranch University Park	Highlands Ranch at University Blvd.,	Whole Foods Market +	40.0%	(1)(3)	35,368	53,052	0	88,420
	Highlands Ranch
Crossing at Stonegate	Jordon Rd. at Lincoln Ave., Parker	King Sooper’s +	51.0%	(1)	55,620	53,438	0	109,058
Thorncreek Crossing	Washington St. at 120th St., Thornton	Super Target + (O.B.O.), Barnes & Noble, Office Max, Michael’s, Pier 1	51.0%	(1)	108,186	103,944	174,000	386,130
	Imports, Cost Plus, Linens ‘N Things
Westminster Plaza	North Federal Blvd. at 72nd Ave., Westminster	Safeway + Walgreen (O.B.O.)	50.0%	(1)	48,521	48,521	0	97,042
Colorado Total:	# of Properties:  10				930,882	640,036	734,062	2,304,978
Florida
Boca Lyons	Glades Rd. at Lyons Rd., Boca Raton	Ross Dress for Less, Ethan Allen	100.0%		113,689	0	0	113,689
Countryside Centre	US Highway 19 at Countryside Boulevard	Albertsons+, TJ Max, Home Goods	100.0%		242,123	0	0	242,123
Sunset 19	US Hwy. 19 at Sunset Pointe Rd., Clearwater	Publix +, Bed Bath & Beyond, Staples, Comp USA, Barnes & Noble,	100.0%		275,910	0	0	275,910
	Sports Authority, Old Navy
Embassy Lakes	Sheraton St. at Hiatus Rd., Cooper City	Winn Dixie +, Walgreen’s, Tuesday Morning	100.0%		131,723	0	48,214	179,937
Shoppes at Paradise Isle	34940 Emerald Coast Pkwy, Destin	Best Buy, Linens N' Things, Michaels, Office Depot, PetsMart	25.0%	(1)(3)	42,959	128,878	0	171,837
Hollywood Hills Plaza	Hollywood Blvd. at North Park Rd., Hollywood	Publix +, Target, CVS/pharmacy	100.0%		364,714	0	0	364,714
Indian Harbour Place	East Eau Gallie Boulevard, Indian Harbour	Beall's, Publix +	25.0%	(1)(3)	40,880	122,641	0	163,521
	Beach
Argyle Village	Blanding at Argyle Forest Blvd., Jacksonville	Bed Bath & Beyond, Publix +, T.J. Maxx, Babies “R” Us, Jo-Ann’s Fabrics	100.0%		304,447	0	0	304,447
TJ Maxx Plaza	117th Avenue at Sunset Blvd., Kendall	T.J. Maxx, Winn Dixie +	100.0%		161,871	0	0	161,871
Largo Mall	Ulmerton Rd. at Seminole Ave., Largo	Beall’s Department Stores, Marshall’s, PetsMart, Bed Bath & Beyond,	100.0%		377,757	0	197,631	575,388
	Staples, Michael’s, Target (O.B.O.), Albertsons + (O.B.O.)
Palm Lakes Plaza	Atlantic Boulevard and Rock Island Road,	Publix +, CVS/Pharmacy	20.0%	(1)(3)	23,280	93,122	0	116,402
	Maragate

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Weingarten Realty Investors
Property Listing at September 30, 2007
						Gross Leasable Area
			WRI			Joint	Owned
			Owned	Foot	WRI	Venture	by
Center	Location	Anchors	%	Notes	Owned	Share	Other	Total
Lake Washington Crossing	Wickham Rd. at Lake Washington Rd.,	Publix +, Beall’s Outlet Stores	25.0%	(1)(3)	29,707	89,121	0	118,828
	Melbourne
Lake Washington Square	Wickham Rd. at Lake Washington Rd.,	Albertsons +	100.0%		111,811	0	0	111,811
	Melbourne
Kendall Corners	Kendall Drive and SW 127th Avenue, Miami	City Furniture	20.0%	(1)(3)	19,303	77,212	0	96,515
South Dade	South Dixie Highway and Eureka Drive, Miami	Publix +, Petco, Chuck E. Cheese, Bed Bath & Beyond	20.0%	(1)(3)	43,882	175,530	0	219,412
Tamiami Trail Shops	S.W. 8th St. at S.W. 137th Ave., Miami	Publix +, CVS/pharmacy	100.0%		110,867	0	0	110,867
Northridge	E. Commercial Blvd. at Dixie Hwy., Oakland	Publix +, Petco, Ross Dress for Less, Anna's Linen	100.0%		236,170	0	0	236,170
	Park
Colonial Plaza	E. Colonial Dr. at Primrose Dr., Orlando	Staples, Circuit City, Ross Dress for Less, Linens ‘N Things, Babies “R”	100.0%		496,628	0	0	496,628
	Us, Marshall’s, Old Navy, SteinMart, Barnes & Noble, Petco
International Drive Value Center	International Drive and Touchstone Drive,	Bed Bath & Beyond, Ross, TJ Maxx, Old Navy	20.0%	(1)(3)	37,133	148,531	0	185,664
	Orlando
Market at Southside	Michigan Ave. at Delaney Ave., Orlando	Ross Dress for Less, Beall’s Outlet Stores, Dollar Tree, Albertsons +	100.0%		95,208	0	64,627	159,835
The Marketplace at Dr. Phillips	Dr. Phillips Boulevard and Sand Lake Road,	Albertsons +, Stein Mart, Office Depot, Home Goods	20.0%	(1)(3)	65,250	261,000	0	326,250
	Orlando
The Shoppes at South Semoran	Semoran Blvd. at Pershing Ave.	Save Rite+	100.0%		101,535	0	0	101,535
Westland Terrace Plaza	SR 50 at Apopka Vineland Rd., Orlando	T.J. Maxx, Petco, Shoe Carnival, Super Target + (O.B.O.)	100.0%		67,954	0	183,000	250,954
Alafaya Square	Alafaya Trail, Oviedo	Publix +	20.0%	(1)(3)	35,297	141,189	0	176,486
University Palms	Alafaya Trail at McCullough Rd., Oviedo	Publix +, Blockbuster	100.0%		99,172	0	0	99,172
East Lake Woodlands	East Lake Road and Tampa Road, Palm	Publix, Walgreens	20.0%	(1)(3)	28,021	112,082	0	140,103
Shoppes at Parkland	Hillsboro Boulevard at State Road #7,	BJ's Wholesale Club +	100.0%		145,652	0	0	145,652
Flamingo Pines	Pines Blvd. at Flamingo Rd., Pembroke Pines	Publix +, U.S. Post Office, Keiser College	100.0%		262,761	0	105,350	368,111
Pembroke Commons	University at Pines Blvd., Pembroke Pines	Publix +, Marshall’s, Office Depot, LA Fitness	100.0%		314,417	0	0	314,417
Publix at Laguna Isles	Sheridan St. at SW 196th Ave., Pembroke	Publix +	100.0%		69,475	0	0	69,475
	Pines
Vizcaya Square	Nob Hill Rd. at Cleary Blvd., Plantation	Winn Dixie +	100.0%		112,410	0	0	112,410
Quesada Commons	Quesada Avenue and Toledo Blade	Publix +	25.0%	(1)(3)	14,722	44,168	0	58,890
	Boulevard, Port Charlotte
Shoppes of Port Charlotte	Toledo Blade Boulevard and Tamiami Trail,	Petco	25.0%	(1)(3)	10,253	30,758	0	41,011
	Port Charlotte
Marketplace at Seminole Towne	Central Florida Greenway and Rinehart Road,	Circuit City, Sports Authority, DSW, Marshalls, Old Navy, Linens 'N	100.0%		308,761	0	185,000	493,761
Center	Sanford	Things, Petco, Cost Plus, Super Target + (O.B.O.)
Pineapple Commons	Us Highway 1 and Britt Rd.	Best Buy, Ross, Linens 'N Things, PetsMart, Ashley Furniture	20.0%	(1)	49,803	199,211	0	249,014
Sunrise West Shopping Center	West Commercial Drive and NW 91st	Publix +	25.0%	(1)(3)	19,080	57,241	0	76,321
	Avenue, Sunrise
Venice Pines	Center Rd. at Jacaranda Blvd., Venice	Kash N Karry +	100.0%		97,303	0	0	97,303
Winter Park Corners	Aloma Ave. at Lakemont Ave., Winter Park	Whole Foods Market +, Outback Steakhouse	100.0%		102,397	0	0	102,397
Florida Total:	# of Properties:  38				5,164,325	1,680,684	783,822	7,628,831
Georgia
Lakeside Marketplace	Cobb Parkway (US Hwy 41), Acworth	Ross Dress for Less, Circuit City, Petco, Office Max, Books A Million,	100.0%		147,688	0	174,000	321,688
	Super Target + (O.B.O)
Mansell Crossing	North Point Parkway at Mansell Rd	Ross, Bed Bath and Beyond, Rooms to Go	20.0%	(1)	20,586	82,345	0	102,931
Camp Creek Marketplace II	Camp Creek Parkway and Carmla Drive,	DSW, American Signature, Circuit City, LA Fitness	100.0%		196,283	0	0	196,283
Cherokee Plaza	Peachtree Road and Colonial Drive, Atlanta	Kroger +	100.0%		98,553	0	0	98,553
Perimeter Village	Ashford-Dunwoody Rd	Wal-Mart Supercenter, Cost Plus, DSW, Borders	100.0%		387,755	0	0	387,755
Publix at Princeton Lakes	Carmia Drive and Camp Creek Drive, Atlanta	Publix+	100.0%		68,389	0	0	68,389
Brookwood Square	East-West Connector at Austell Rd., Austell	Marshall’s, Staples, Home Depot	100.0%		253,448	0	0	253,448
Dallas Commons	US Highway 278 and Nathan Dean Boulevard,	Kroger + (O.B.O.)	100.0%		25,158	0	70,104	95,262
	Dallas
Reynolds Crossing	Steve Reynolds and Old North Cross Rd.,	Kroger + (O.B.O.)	100.0%		45,758	0	70,225	115,983
	Duluth
Thompson Bridge Commons	Thompson Bridge Rd. at Mt. Vernon Rd.,	Kroger +	100.0%		78,351	0	0	78,351
	Gainesville

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Weingarten Realty Investors
Property Listing at September 30, 2007
						Gross Leasable Area
			WRI			Joint	Owned
			Owned	Foot	WRI	Venture	by
Center	Location	Anchors	%	Notes	Owned	Share	Other	Total
Grayson Commons	Grayson Hwy at Rosebud Rd., Grayson	Kroger +	100.0%		76,611	0	0	76,611
Sandy Plains Exchange	Sandy Plains at Scufflegrit, Marietta	Publix +	100.0%		72,784	0	0	72,784
Brownsville Commons	Brownsville Road and Hiram-Lithia Springs	Kroger + (O.B.O.)	100.0%		27,747	0	54,139	81,886
	Road, Powder Springs
Roswell Corners	Woodstock Rd. at Hardscrabble Rd., Roswell	Staples, T.J. Maxx, Super Target + (O.B.O.)	100.0%		144,964	0	173,535	318,499
Brookwood Marketplace	Peachtree Parkway at Mathis Airport Rd.,	Office Max, Home Depot, Bed Bath & Beyond, Super Target + (O.B.O)	100.0%		193,170	0	174,000	367,170
	Suwannee
Georgia Total:	# of Properties:  15				1,837,245	82,345	716,003	2,635,593
Illinois
Burbank Station	S. Cicero Ave. at W. 78th St.	Babies R' Us, Food For Less +, Office Max, Petsmart, Sports Authority	100.0%		303,566	0	0	303,566
Illinois Total:	# of Properties:  1				303,566	0	0	303,566
Kansas
Shawnee Village	Shawnee Mission Pkwy. at Quivera Rd.,	Burlington Coat Factory	100.0%		135,139	0	0	135,139
	Shawnee
Kohl's	Wanamaker Rd. at S.W. 17th St., Topeka	Barnes & Noble, Kohl’s Department Store	100.0%		115,716	0	0	115,716
Kansas Total:	# of Properties:  2				250,855	0	0	250,855
Kentucky
Millpond Center	Boston at Man O’War, Lexington	Kroger +	100.0%		124,567	0	27,000	151,567
Regency Shopping Centre	Nicholasville Rd.& West Lowry Lane,	Kroger + (O.B.O.), T.J. Maxx, Michaels	100.0%		124,486	0	0	124,486
Tates Creek	Tates Creek at Man O’ War, Lexington	Kroger +, Rite Aid	100.0%		179,450	0	0	179,450
Festival at Jefferson Court	Outer Loop at Jefferson Blvd., Louisville	Kroger +, PetsMart (O.B.O.), Factory Card Outlet, AJ Wright (O.B.O.)	100.0%		168,986	0	49,410	218,396
Kentucky Total:	# of Properties:  4				597,489	0	76,410	673,899
Louisiana
Seigen Plaza	Siegen Lane at Honore Lane, Baton Rouge	Super Target + (O.B.O.), Ross Dress for Less, Conn’s, Petco	100.0%		155,490	0	194,247	349,737
Park Terrace	U.S. Hwy. 171 at Parish, DeRidder	Stage, JC Penney	100.0%		131,127	0	0	131,127
Town & Country Plaza	U.S. Hwy. 190 West, Hammond	Winn Dixie +, Office Depot, CVS/pharmacy, Goody’s, Books a Million	100.0%		226,102	0	0	226,102
Manhattan Place	Manhattan Blvd. at Gretna Blvd., Harvey	Target (O.B.O.), Ross Dress for Less, Stage, K&G Fashion	100.0%		138,215	0	125,400	263,615
Ambassador Plaza	Ambassador Caffery at W. Congress,	Albertsons + (O.B.O.), Blockbuster	100.0%		29,405	0	72,545	101,950
River Marketplace	Ambassador Caffery at Kaliste Saloom,	Ross Dress for Less, Stage, Cost Plus, Super Target + (O.B.O.), Books A	20.4%	(1)(3)	34,327	133,941	174,700	342,968
	Lafayette	Million
Westwood Village	W. Congress at Bertrand, Lafayette	Stage, Graham Central Station	100.0%		141,346	0	0	141,346
14/Park Plaza	Hwy. 14 at General Doolittle, Lake Charles	Kroger +, Stage, Conn’s	100.0%		172,068	0	0	172,068
Conn's Building	Ryan at 17th St., Lake Charles	Planet Pets	100.0%		23,201	0	0	23,201
K-Mart Plaza	Ryan St., Lake Charles	Albertsons +, Kmart, Stages	50.0%	(1)(3)	107,974	107,974	0	215,948
Prien Lake Plaza	Prien Lake Rd. at Nelson Rd., Lake Charles	Target (O.B.O.), Marshall’s (O.B.O), Ross Dress for Less (O.B.O.), Bed	100.0%		7,743	0	205,375	213,118
	Bath & Beyond (O.B.O.)
Southgate	Ryan at Eddy, Lake Charles	Market Basket +, Office Depot, Books A Million	100.0%		170,588	0	0	170,588
Danville Plaza	Louisville at 19th, Monroe	County Market +, Citi Trends, Surplus Warehouse	100.0%		141,380	0	0	141,380
Orleans Station	Paris, Robert E. Lee at Chatham, New	Vacant	100.0%		0	0	0	0
University Place	70th St. at Youree Dr., Shreveport	Super Target + (O.B.O.), Best Buy, T.J. Maxx, CVS/pharmacy, Bed Bath &	20.4%	(1)(3)	41,137	160,517	174,500	376,154
	Beyond
Westwood	Jewella at Greenwood, Shreveport	Super 1 Grocery +, Citi Trends, Cash American Pawn	100.0%		112,508	0	0	112,508
Louisiana Total:	# of Properties:  16				1,632,611	402,432	946,767	2,981,810
Maine
The Promenade	Essex at Summit, Lewiston	Staples, Flagship  Cinemas	75.0%	(1)	153,776	51,258	0	205,034
Maine Total:	# of Properties:  1				153,776	51,258	0	205,034
Missouri
Ballwin Plaza	Manchester Rd. at Vlasis Dr., Ballwin	Schnucks +, Michael’s, Sears	100.0%		200,915	0	0	200,915
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Weingarten Realty Investors
Property Listing at September 30, 2007
						Gross Leasable Area
			WRI			Joint	Owned
			Owned	Foot	WRI	Venture	by
Center	Location	Anchors	%	Notes	Owned	Share	Other	Total
Western Plaza	Hwy 141 at Hwy 30, Fenton	Big Lots	50.0%	(1)(3)	28,267	28,267	0	56,534
Missouri Total:	# of Properties:  2				229,182	28,267	0	257,449
Nevada
Eastern Horizon	Eastern Ave. at  Horizon Ridge Pkwy.,	Kmart + (O.B.O.)	100.0%		66,408	0	143,879	210,287
	Henderson
Best in the West	Rainbow at Lake Mead Rd., Las Vegas	Best Buy, Borders, Bed Bath & Beyond, Babies "R" Us, DSW Shoes,	100.0%		436,814	0	0	436,814
	Office Depot, Old Navy, PetsMart, Jo-Ann Stores, The Sports Authority
Charleston Commons	Charleston and Nellis, Las Vegas	Wal-Mart, Ross, Office Max,  99 Cents Only	100.0%		338,378	0	0	338,378
College Park S.C.	E. Lake Mead Blvd. at Civic Ctr. Dr., North Las	Albertsons +, Sav-On Drug	100.0%		167,654	0	0	167,654
	Vegas
Francisco Centre	E. Desert Inn Rd. at S. Eastern Ave., Las	Ross Dress for Less (O.B.O.), Sav-On Drug, La Bonita Grocery	100.0%		116,973	0	31,842	148,815
Mission Center	Flamingo Rd. at Maryland Pkwy, Las Vegas	Sav-On Drug (O.B.O.), Albertsons + (O.B.O.), Toys “R” Us, T.J. Maxx	100.0%		152,475	0	55,745	208,220
Paradise Marketplace	Flamingo Rd. at Sandhill, Las Vegas	Smith’s Food +, Dollar Tree	100.0%		148,713	0	0	148,713
Rainbow Plaza	Rainbow Blvd. at Charleston Blvd., Las	Albertsons +, JC Penney, Ultimate Electronics, Home Depot, 24 Hour	100.0%		278,416	0	0	278,416
Rainbow Plaza, Phase I	Rainbow Blvd. at Charleston Blvd., Las	Albertsons +, JC Penney, Ultimate Electronics, Home Depot, 24 Hour	100.0%		136,369	0	0	136,369
Rancho Towne & Country	Rainbow Blvd. at Charleston Blvd., Las	Smith’s Food +	100.0%		87,367	0	0	87,367
Tropicana Beltway	Tropicana Beltway at Fort Apache Rd., Las	Lowe’s (O.B.O.), Wal-Mart Supercenter + (O.B.O.), PetsMart, Office Depot,	50.0%	(1)(3)	123,239	123,239	394,271	640,749
	Vegas	Ross Dress for Less, 99 Cent Only, Sports Authority, Pier 1 Imports
Tropicana Marketplace	Tropicana at Jones Blvd., Las Vegas	Smith’s Food +, Family Dollar	100.0%		142,728	0	0	142,728
Westland Fair North	Charleston Blvd. At Decatur Blvd., Las Vegas	Wal-Mart Supercenter +, Lowe’s, PetsMart, Office Depot, Michaels	100.0%		576,202	0	0	576,202
Nevada Total:	# of Properties:  12				2,771,736	123,239	625,737	3,520,712
New Mexico
Eastdale	Candelaria Rd. at Eubank Blvd., Albuquerque	Albertsons +, Family Dollar	100.0%		117,623	0	0	117,623
North Towne Plaza	Academy Rd. at Wyoming Blvd., Albuquerque	Whole Foods Market +, Borders	100.0%		104,034	0	0	104,034
Pavillions at San Mateo	I-40 at San Mateo, Albuquerque	Comp USA, Old Navy, Shoe Show, Circuit City, Linens ‘N Things	100.0%		195,944	0	0	195,944
Plaza at Cottonwood	Coors Bypass Blvd. at Seven Bar Loop Rd.,	Staples, PetsMart, Wal-Mart Supercenter +(O.B.O.), Home Depot (O.B.O.)	100.0%		84,322	0	334,000	418,322
	Albuquerque
Wyoming Mall	Academy Rd. at Northeastern, Albuquerque	Wal-Mart Supercenter +	100.0%		270,271	0	0	270,271
De Vargas	N. Guadalupe at Paseo de Peralta, Santa Fe	Albertsons + (O.B.O.), Osco Drugs, Ross Dress for Less, Office Depot,	100.0%		249,671	0	62,750	312,421
	Hastings, United Artists
New Mexico Total:	# of Properties:  6				1,021,865	0	396,750	1,418,615
North Carolina
Capital Square	Capital Blvd. at Huntleigh Dr., Cary	Food Lion +	100.0%		143,063	0	0	143,063
Harrison Pointe	Harrison Ave. at Maynard Rd., Cary	Harris Teeter +, Staples	100.0%		130,934	0	0	130,934
High House Crossing	NC Hwy 55 at Green Level W. Rd., Cary	Harris Teeter +	100.0%		89,997	0	0	89,997
Northwoods Market	Maynard Rd. at Harrison Ave., Cary	Food Lion +	100.0%		77,802	0	0	77,802
Parkway Pointe	Cory Parkway at S. R. 1011, Cary	Food Lion +, Eckerd’s	100.0%		80,061	0	0	80,061
Chatham Crossing	US 15/501 at Plaza Dr., Chapel Hill	Lowes Food +, CVS/Pharmacy	25.0%	(1)(3)	24,039	72,116	0	96,155
Cole Park Plaza	US 15/501 and Plaza Dr., Chapel Hill	Dollar General	25.0%	(1)(3)	20,564	61,694	0	82,258
Galleria	Galleria Boulevard and Sardis Road,	Off Broadway Shoes	100.0%		107,504	0	207,602	315,106
Johnston Road Plaza	Johnston Rd. at McMullen Creek Pkwy.,	Food Lion+	100.0%		79,508	0	0	79,508
	Charlotte
Steele Creek Crossing	York Rd. at Steele Creek Rd., Charlotte	BI-LO +, Eckerd’s	100.0%		77,301	0	0	77,301
Whitehall Commons	NWC of Hwy. 49 at I-485, Charlotte	Blockbuster, Wal-Mart Supercenter + (O.B.O.), Lowes (O.B.O.), BI-LO +	100.0%		41,976	0	402,620	444,596
	(O.B.O.)
Bull City Market	Broad St. at West Main St., Durham	Whole Foods Market +	100.0%		42,517	0	0	42,517
Durham Festival	Hillsborough Rd. at LaSalle St., Durham	Kroger +, Dollar General	100.0%		134,295	0	0	134,295
Mineral Springs Village	Mineral Springs Rd. at Wake Forest Rd.,	Food Lion +, Eckerd’s	100.0%		59,859	0	0	59,859
	Durham
Ravenstone Commons	Hwy 98 at Sherron Rd., Durham	Food Lion +, Blockbuster	100.0%		60,424	0	0	60,424
Pinecrest Plaza	Hwy. 15-501 at Morganton Rd., Pinehurst	Food Lion +, Michael’s, Goody’s, Belk’s	100.0%		250,140	0	0	250,140

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Weingarten Realty Investors
Property Listing at September 30, 2007
						Gross Leasable Area
			WRI			Joint	Owned
			Owned	Foot	WRI	Venture	by
Center	Location	Anchors	%	Notes	Owned	Share	Other	Total
Avent Ferry	Avent Ferry Rd. at Gorman St., Raleigh	Food Lion +	100.0%		111,650	0	0	111,650
Falls Pointe	Neuce Rd. at Durant Rd., Raleigh	Harris Teeter +, Kohl’s (O.B.O.)	100.0%		106,981	0	86,350	193,331
Leesville Town Centre	Leesville Rd. at Leesville Church Rd.,	Harris Teeter +	100.0%		112,615	0	0	112,615
Little Brier Creek	Little Brier Creek Lane and Brier Leaf Lane,	Lowe's Food + (O.B.O.)	100.0%		17,209	0	45,802	63,011
	Raliegh
Lynnwood Collection	Creedmoor Rd at Lynn Road, Raleigh	Kroger  +	100.0%		86,362	0	0	86,362
Six Forks Station	Six Forks Rd. at Strickland Rd., Raleigh	Kmart, Home Depot, Food Lion +, Bed Bath & Beyond	100.0%		469,780	0	0	469,780
Stonehenge Market	Creedmoor Rd. at Bridgeport Dr., Raleigh	Harris Teeter +, SteinMart, Eckerd’s	100.0%		188,521	0	0	188,521
Heritage Station	Forestville Rd. at Rogers Rd., Wake Forest	Harris Teeter +	100.0%		68,778	0	0	68,778
North Carolina Total:	# of Properties:  24				2,581,880	133,810	742,374	3,458,064
Oklahoma
Market Boulevard	E. Reno Ave. at N. Douglas Ave., Midwest	Color Tyme	100.0%		35,765	0	0	35,765
Town and Country	Reno Ave at North Air Depot, Midwest City	Office Depot, Big Lots, Westlake Hardware	100.0%		135,892	0	0	135,892
Oklahoma Total:	# of Properties:  2				171,657	0	0	171,657
Oregon
Clackamas Square	SE 82nd Avenue and SE Causey Avenue,	TJ Maxx, Winco Foods + (O.B.O)	20.0%	(1)(3)	14,828	59,311	62,600	136,739
	Portland
Oak Grove Market Center	SE Mcloughlin Blvd & Oak Grove Ave	Safeway +	100.0%		97,207	0	0	97,207
Raleigh Hills Plaza	SW Beaverton-Hillsdale Hwy and SW Scholls	Walgreens, New Seasons Market +	20.0%	(1)(3)	7,904	31,616	0	39,520
	Ferry Road, Portland
Oregon Total:	# of Properties:  3				119,939	90,927	62,600	273,466
South Carolina
Fresh Market Shoppes	890 William Hilton Head Pkwy, Hilton Head	The Fresh Market +	25.0%	(1)(3)	21,530	64,590	0	86,120
South Carolina Total:	# of Properties:  1				21,530	64,590	0	86,120
Tennessee
Bartlett Towne Center	Bartlett Blvd. at Stage Rd., Bartlett	Kroger +, Petco,  Dollar Tree, Shoe Carnival	100.0%		179,364	0	0	179,364
Commons at Dexter Lake	Dexter at N. Germantown, Memphis	Kroger +, SteinMart, Marshall’s, Samuel's Furniture and Interior	100.0%		166,958	0	0	166,958
Commons at Dexter Lake Phase II	Dexter at N. Germantown, Memphis	Kroger +, SteinMart, Marshall’s, Samuel's Furniture and Interior	100.0%		61,538	0	0	61,538
Highland Square	Summer at Highland, Memphis	Walgreen’s	100.0%		14,490	0	0	14,490
Mendenhall Commons	South Mendenahall Rd. and Sanderlin	Kroger +	100.0%		80,206	0	0	80,206
	Avenue, Memphis
Summer Center	Summer Ave. at Waring Rd., Memphis	Kroger +, Ross Dress for Less	100.0%		148,708	0	0	148,708
Tennessee Total:	# of Properties:  5				651,264	0	0	651,264
Texas
Bell Plaza	45th Ave. at Bell St., Amarillo	United Supermarket +, Dollar Tree	100.0%		130,529	0	0	130,529
Coronado	34th St. at Wimberly Dr., Amarillo	Blockbuster	100.0%		46,829	0	0	46,829
Puckett Plaza	Bell Road, Amarillo	Huneke Furniture, CVS/Pharmacy, Gold's Gym	100.0%		133,235	0	0	133,235
Wolflin Village	Wolflin Ave. at Georgia St., Amarillo	Hastings, Talbot’s, Office Depot	100.0%		193,284	0	0	193,284
Brodie Oaks	South Lamar Blvd. at Loop 360, Austin	Hobby Lobby (O.B.O.), Toys "R" Us (O.B.O.), Sun Harvest Foods +,	100.0%		226,910	0	109,032	335,942
	Neiman Marcus Last Call
Calder	Calder at 24th St., Beaumont	Harmony Science Academy	100.0%		34,641	0	0	34,641
North Park Plaza	Eastex Fwy. at Dowlen, Beaumont	Target (O.B.O.), Anna’s Linens, David’s Bridal, Toys “R” Us (O.B.O.)	50.0%	(1)(3)	70,036	70,036	98,329	238,401
Phelan	Phelan at 23rd St, Beaumont	Kroger + (O.B.O.)	100.0%		12,000	0	0	12,000
Phelan West	Phelan at 23rd St., Beaumont	Kroger + (O.B.O.)	66.7%	(1)(3)	15,552	7,779	58,890	82,221
Southgate	Calder Ave. at 6th St., Beaumont	Dollar General	100.0%		33,555	0	0	33,555
Westmont	Dowlen at Phelan, Beaumont	Talbot’s, Ashley Furniture	100.0%		98,071	0	0	98,071
Lone Star Pavilions	Texas at Lincoln Ave., College Station	Best Buy, Office Depot, Barnes & Noble	100.0%		106,907	0	0	106,907
Montgomery Plaza	Loop 336 West at I-45, Conroe	Academy, Conn’s, Goody’s, 99 Cents Only, Petco, Anna's Linens	100.0%		296,837	0	0	296,837

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Weingarten Realty Investors
Property Listing at September 30, 2007
						Gross Leasable Area
			WRI			Joint	Owned
			Owned	Foot	WRI	Venture	by
Center	Location	Anchors	%	Notes	Owned	Share	Other	Total
Moore Plaza	S. Padre Island Dr. at Staples, Corpus Christi	Office Depot, Marshall’s, H. E. B. + (O.B.O),Target (O.B.O.), Circuit City,	100.0%		371,668	0	161,909	533,577
	Old Navy, Linen’s N Things, Hobby Lobby
Portairs	Ayers St. at Horne Rd., Corpus Christi	CVS /pharmacy,  Family Dollar, Beall’s	100.0%		118,233	0	0	118,233
Overton Park Plaza	SW Loop 820/Interstate 20 at South Hulen	Sports Authority, Circuit City, PetsMart, Office Depot, T.J. Maxx,	100.0%		353,302	0	110,000	463,302
	St., Ft. Worth	Albertsons +, Home Depot (O.B.O.), Anna’s Linens
Southcliff	I-20 at Grandbury Rd., Ft. Worth	Jo-Ann’s Fabrics	100.0%		115,827	0	0	115,827
Broadway	Broadway at 59th St., Galveston	Big Lots, Family Dollar	100.0%		74,477	0	0	74,477
Food King Place	25th St. at Avenue P, Galveston	Arlan’s +	100.0%		28,062	0	0	28,062
Galveston Place	Central City Blvd. at 61st St., Galveston	Randall’s +, Office Depot, Hastings, Palais Royal	100.0%		210,187	0	0	210,187
10/Federal	I-10 at Federal	Citi Trends, Palais Royal, Seller Bros. +	100.0%		132,472	0	0	132,472
Alabama-Shepherd	S. Shepherd at W. Alabama	Bookstop, PetsMart	100.0%		56,110	0	0	56,110
Bayshore Plaza	Spencer Hwy. at Burke Rd.	Fitness Connections (O.B.O.)	100.0%		35,966	0	86,000	121,966
Bellaire Boulevard	Bellaire at S. Rice	Randall’s +	100.0%		35,081	0	0	35,081
Braeswood Square	N. Braeswood at Chimney Rock	Belden’s +, Walgreen’s	100.0%		103,336	0	0	103,336
Centre at Post Oak	Westheimer at Post Oak Blvd.	Marshall’s, Barnes & Noble, Old Navy, Grand Lux Café, Comp USA	100.0%		182,070	0	0	182,070
Champions Village	F.M. 1960 at Champions Forest Dr.	Randall’s +, SteinMart, Palais Royal, Cost Plus, Barnes & Noble	100.0%		383,779	0	0	383,779
Crestview	Bissonnet at Wilcrest	Creative Connection	100.0%		8,970	0	0	8,970
Cullen Place	Cullen at Reed	C&R Beauty Supply	100.0%		7,316	0	0	7,316
Cullen Plaza	Cullen at Wilmington	Fiesta +, Family Dollar, Beauty Empire	100.0%		84,517	0	0	84,517
Cypress Pointe	F.M. 1960 at Cypress Station	Kroger +, Office Max, Comp USA, Babies “R” Us	100.0%		190,704	0	96,660	287,364
Eastpark	Mesa Rd. at Tidwell	CVS/pharmacy, US Postal Service	100.0%		114,373	0	0	114,373
Edgebrook	Edgebrook at Gulf Fwy.	Fiesta +, Bank One, Family Dollar	100.0%		78,324	0	0	78,324
Fiesta Village	Quitman at Fulton	Fiesta +	100.0%		30,249	0	0	30,249
Fondren/West Airport	Fondren at W. Airport	Save-A-Lot +	100.0%		56,593	0	0	56,593
Glenbrook Square	Telephone Road	Kroger +, Blockbuster	100.0%		76,483	0	0	76,483
Griggs Road	Griggs at Cullen	Family Dollar, Modern City, Citi Trends	100.0%		80,114	0	0	80,114
Harrisburg Plaza	Harrisburg at Wayside	Fallas Paredes	100.0%		93,438	0	0	93,438
Heights Plaza	20th St. at Yale	Kroger +, Walgreen’s	100.0%		71,777	0	0	71,777
Humblewood Shopping Plaza	Eastex Fwy. at F.M. 1960	Kroger +,Conn’s, Walgreen’s	100.0%		178,837	0	99,000	277,837
I-45/Telephone Rd. Center	I-45 at Maxwell Street	Seller Bros. +, Dollar Tree, FAMSA, Falles Paredes	100.0%		172,609	0	0	172,609
Independence Plaza	Town East Blvd., Mesquite	Babies “R” Us	100.0%		179,182	0	0	179,182
Jacinto City	Market at Baca	Seller Bros. +, CVS/pharmacy	50.0%	(1)	24,569	24,569	0	49,138
Landmark	Gessner at Harwin	Family Dollar	100.0%		55,853	0	0	55,853
Lawndale	Lawndale at 75th St.	Family Dollar, 99 Cents Only	100.0%		51,393	0	0	51,393
Little York Plaza	Little York at E. Hardy	Seller Bros. +, Fallas Paredes	100.0%		117,353	0	0	117,353
Lyons Avenue	Lyons at Shotwell	Fiesta +, Fallas Paredes	100.0%		67,629	0	0	67,629
Market at Westchase	Westheimer at Wilcrest	Whole Foods Market +	100.0%		84,084	0	0	84,084
North Main Square	Pecore at N. Main	O’Reilly Autoparts	100.0%		18,515	0	0	18,515
North Oaks	F.M. 1960 at Veterans Memorial	T.J. Maxx, Ross Dress for Less, Staples, Big Lots, DSW, Half Price	100.0%		417,279	0	0	417,279
	Books, Anna's Linens, Hobby Lobby, Mardels
North Triangle	I-45 at F.M. 1960	Steak & Ale, CiCi’s Pizza, James Coney Island	100.0%		16,060	0	0	16,060
Northbrook Center	Northwest Fwy. at W. 34th	Randall’s +, Office Depot, Citi Trends, Anna’s Linens, Dollar Tree	100.0%		172,479	0	0	172,479
Northway	Northwest Fwy. at 34th	Conn’s, Academy, Office Max	100.0%		217,136	0	0	217,136
Northwest Crossing	N.W. Fwy. at Hollister	Target (O.B.O.), Marshall’s, Babies “R” Us, Best Buy	75.0%	(1)(3)	137,507	45,836	120,721	304,064
Oak Forest	W. 43rd at Oak Forest	Kroger +, Palais Royal, Dollar Tree	100.0%		147,674	0	0	147,674
Orchard Green	Gulfton at Renwick	Seller Bros. +, Family Dollar	100.0%		74,983	0	0	74,983
Randall's /Cypress Station	F.M. 1960 at I-45	Randalls +	100.0%		138,974	0	0	138,974
Randall's /Kings Crossing	Kingwood Dr. at Lake Houston Pkwy.	Randall’s +, CVS/pharmacy	100.0%		127,525	0	0	127,525
Randall's /Norchester	Grant at Jones	Randall’s +	100.0%		107,200	0	0	107,200
Richmond Square	Richmond Ave. at W. Loop 610	Best Buy (O.B.O.), Cost Plus	100.0%		35,623	0	58,247	93,870
River Oaks East	W. Gray at Woodhead	Kroger +	100.0%		71,265	0	0	71,265
River Oaks West	W. Gray at S. Shepherd	Talbot’s, JoS. A. Bank, Ann Taylor, Gap	100.0%		234,198	0	0	234,198

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Weingarten Realty Investors
Property Listing at September 30, 2007
						Gross Leasable Area
			WRI			Joint	Owned
			Owned	Foot	WRI	Venture	by
Center	Location	Anchors	%	Notes	Owned	Share	Other	Total
Sheldon Forest North	North, I-10 at Sheldon	Gerland’s +, Burke’s Outlet	100.0%		22,040	0	0	22,040
Sheldon Forest South	North, I-10 at Sheldon	Family Dollar	50.0%	(1)	37,670	37,670	0	75,340
Shops at Three Corners	S. Main at Old Spanish Trail	Fiesta, Office Depot, MacFrugal, PetsMart, Ross Dress for Less, Anna’s	70.0%	(1)	176,498	75,642	0	252,140
	Linens
Southgate	W. Fuqua at Hiram Clark	Food-A-Rama +, Palais Royal, CVS/pharmacy, Family Dollar	100.0%		125,440	0	0	125,440
Spring Plaza	Hammerly at Campbell	Seller Bros. +, Family Dollar	100.0%		56,166	0	0	56,166
Steeplechase	Jones Rd. at F.M. 1960	Palais Royal, 99 Cents Only, Anna's Linens, Goodwill Industries	100.0%		194,551	0	99,950	294,501
Stella Link	Stella Link at S. Braeswood	Seller Bros.+, Spec’s Liquor Warehouse, Burke’s Outlet	100.0%		96,396	0	0	96,396
Studemont	Studewood at E. 14th St	Fiesta +	100.0%		28,466	0	0	28,466
Ten Blalock Square	I-10 at Blalock	Fiesta +	100.0%		97,217	0	0	97,217
Village Arcade	University at Kirby	Gap, Talbot’s, Baby Gap	100.0%		57,219	0	0	57,219
Village Arcade-Phase II	University at Kirby	Gap, Talbot’s, Baby Gap	100.0%		28,371	0	0	28,371
Village Arcade-Phase III	University at Kirby	Gap, Talbot’s, Baby Gap	100.0%		106,879	0	0	106,879
Westbury Triangle	Chimney Rock at W. Bellfort	99 Cents Only	100.0%		66,318	0	0	66,318
Westchase Center	Westheimer at Wilcrest	Ross Dress for Less, Randall’s +, Golfsmith, Palais Royal, Target	100.0%		232,994	0	99,550	332,544
	(O.B.O.), Petco
Westhill Village	Westheimer at Hillcroft	Ross Dress for Less, Office Depot, 99 Cents Only, Anna’s Linens	100.0%		130,562	0	0	130,562
Killeen Marketplace	3200 E. Central Texas Expressway, Killeen	Best Buy, Ross Dress for Less, Staples, Home Depot (O.B.O.)	100.0%		115,203	0	135,934	251,137
Cedar Bayou	Bayou Rd., La Marque	Dollar General	100.0%		14,873	0	30,688	45,561
North Creek Plaza	Del Mar Blvd. at Hwy. I-35, Laredo	Old Navy, Bed Bath & Beyond, Best Buy, Target (O.B.O.), H.E.B. +	100.0%		242,293	0	206,463	448,756
	(O.B.O.), Marshall’s
Plantation Centre	Del Mar Blvd. at McPherson Rd., Laredo	H.E.B. +, Blockbuster	100.0%		134,919	0	0	134,919
League City Plaza	I-45 at F.M. 518, League City	Kroger +, Spec’s Liquor Warehouse	100.0%		126,990	0	0	126,990
Central Plaza	Loop 289 at Slide Rd., Lubbock	Bed Bath & Beyond, Old Navy, Staples	100.0%		151,196	0	0	151,196
Northtown Plaza	1st St. at University Plaza, Lubbock	United Supermarket +, Family Dollar	100.0%		73,633	0	0	73,633
Town and Country	4th St. at University, Lubbock	Hasting’s Records & Books	100.0%		30,743	0	0	30,743
Angelina Village	Hwy. 59 at Loop 287, Lufkin	Randall’s +, Kmart, Ashley Furniture	100.0%		256,940	0	0	256,940
Las Tiendas Plaza	Expressway 83 at McColl Rd., McAllen	Target (O.B.O.), Mervyn’s (O.B.O.), Academy, Conn’s, Ross Dress for	50.0%	(1)(3)	143,968	143,968	242,132	530,067
	Less, Marshall’s, Office Depot
Northcross	N. 10th St. at Nolana Loop, McAllen	Barnes & Noble, Blockbuster	50.0%	(1)(3)	38,196	38,196	0	76,391
Old Navy Building	1815 10th Street, McAllen	Old Navy	50.0%	(1)(3)	7,500	7,500	0	15,000
South 10th St. HEB	S. 10th St. at Houston St., McAllen	H. E. B. +	50.0%	(1)(3)	51,851	51,851	0	103,702
Custer Park	SWC Custer Road at Parker Road, Plano	Kroger + (O.B.O), Dollar General	100.0%		115,484	0	65,084	180,568
Pitman Corners	Custer Road at West 15th, Plano	Albertsons +, Tuesday Morning	100.0%		192,283	0	0	192,283
Preston Shepard Place	Preston Rd. at Park Blvd.	SteinMart, Old Navy, Office Depot, Marshalls, Babies "R" Us, Borders	20.0%	(1)	72,667	290,670	0	363,337
Gillham Circle	Gillham Circle at Thomas, Port Arthur	Family Dollar	100.0%		33,134	0	0	33,134
Rockwall	I-30 at Market Center Street, Rockwall	Office Max, Petco, Pier 1 Imports, Ross Dress for Less, Old Navy, Linens	100.0%		209,051	0	0	209,051
	‘N Things, Michael’s
Rose-Rich	U.S. Hwy. 90A at Lane Dr., Rosenberg	Family Dollar, Palais Royal	100.0%		103,385	0	0	103,385
Lake Pointe Market Center	Dalrock Rd. at Lakeview Pkwy., Rowlett	Tom Thumb + (O.B.O.), Walgreen’s (O.B.O.)	100.0%		42,860	0	81,176	124,036
Boswell Towne Center	Highway 287 at Bailey Boswell Rd., Saginaw	Albertsons + (O.B.O)	100.0%		26,088	0	61,747	87,835
Fiesta Trails	I-10 at DeZavala Rd., San Antonio	H. E. B. + (O.B.O), Target (O.B.O.), Barnes & Noble, Regal Cinema,	100.0%		312,370	0	176,000	488,370
	Marshall’s, Office Max, SteinMart, Petco, Anna’s Linens
Oak Park Village	Nacogdoches at New Braunfels, San Antonio	H. E. B. +	100.0%		64,287	0	0	64,287
Parliament Square	W. Ave. at Blanco, San Antonio	Incredible Pizza, Bernina New Home Sewing Center	100.0%		64,950	0	0	64,950
Parliament Square II	W. Ave. at Blanco, San Antonio	Incredible Pizza, Bernina New Home Sewing Center	100.0%		54,541	0	0	54,541
Thousand Oaks	Thousand Oaks Dr. at Jones Maltsberger Rd.,	H. E. B. +, Beall’s, Tuesday Morning	100.0%		162,882	0	0	162,882
	San Antonio
Valley View	West Ave. at Blanco Rd., San Antonio	Marshall’s, Blockbuster, Dollar Tree	100.0%		89,859	0	0	89,859
Market at Town Center	Town Center Blvd., Sugar Land	Old Navy, Home Goods, Marshall’s, Linens ‘N Things, DSW Shoe	100.0%		375,820	0	0	375,820
	Warehouse, Ross Dress for Less, Lane Furniture
New Boston Road	New Boston at Summerhill, Texarkana	Rehkopf’s Grocery +, Salvation Army	100.0%		89,800	0	0	89,800
Island Market Place	6th St. at 9th Ave., Texas City	Food King +	100.0%		27,277	0	0	27,277

Page 31

Weingarten Realty Investors
Property Listing at September 30, 2007
						Gross Leasable Area
			WRI			Joint	Owned
			Owned	Foot	WRI	Venture	by
Center	Location	Anchors	%	Notes	Owned	Share	Other	Total
Palmer Plaza	F.M. 1764 at 34th St., Texas City	Randall’s +, Big Lots (O.B.O.), Dollar Tree	100.0%		96,526	0	99,980	196,506
Broadway	S. Broadway at W. 9th St., Tyler	SteinMart	100.0%		60,400	0	0	60,400
Crossroads	I-10 at N. Main, Vidor	Market Basket +, Beall’s, Baskin’s, Burke’s Outlet	100.0%		115,692	0	0	115,692
Texas Total:	# of Properties:  105				12,494,189	793,717	2,297,492	15,585,396
Utah
Alpine Valley Center	Main St. at State St., American Fork	Super Target + (O.B.O.), Old Navy, Pier 1 Imports, Dollar Tree, Office	33.3%	(1)(3)	30,382	60,772	133,500	224,654
Taylorsville Town Center	West 4700 South at Redwood Rd., Taylorsville	Albertsons + (O.B.O.),Rite Aid	100.0%		94,157	0	40,057	134,214
West Jordan Town Center	West 7000 South at S. Redwood Rd., West	Albertsons + , Office Depot, Target (O.B.O.), Petco, Party City	100.0%		182,099	0	122,800	304,899
	Jordan
Utah Total:	# of Properties:  3				306,638	60,772	296,357	663,767
Washington
Mukilteo Speedway Center	Mukilteo Speedway, Lincoln Way, and	Food Emporium +, Bartell Drugs	20.0%	(1)(3)	18,055	72,218	0	90,273
	Highway 99, Lynnwood
Meridian Town Center	Meridian Avenue East and 132nd Street East,	JoAnn's, Safeway + (O.B.O)	20.0%	(1)(3)	15,533	62,133	65,346	143,012
	Puyallup
South Hill Center	43rd Avenue Southwest and Meridian Street	Best Buy, Bed Bath & Beyond, Ross	20.0%	(1)(3)	26,804	107,216	0	134,020
	South, Puyallup
Rainer Square Plaza	Rainer Avenue South and South Charleston	Safeway +	20.0%	(1)(3)	21,485	85,938	0	107,423
	Street, Seattle
Washington Total:	# of Properties:  4				81,877	327,505	65,346	474,728
Industrial
Operating Properties
California
Siempre Viva Business Park	Siempre Viva Rd. at Kerns St., San Diego	Hitachi Transport, UPS Supply Chain Solutions, Inc., Bose Corp., NYK	20.0%	(1)(3)	145,353	581,413	0	726,766
	Logistics
California Total:	# of Properties:  1				145,353	581,413	0	726,766
Florida
Lakeland Industrial Center	I-4 at County Rd., Lakeland	Rooms to Go, Amware Pallet Services, Publix, LaSalle Bristol	100.0%		600,000	0	0	600,000
Lakeland Interestate Industrial Park	Interstate Drive and Kathleen Rd., Lakeland	Carolina Logistics Services, Inc., Acuity Specialty Products Group, Inc.,	100.0%		168,400	0	0	168,400
	Sunrise Medical HHG, Inc.
1801 Massaro	1801 Massaro Blvd., Tampa	MiTek Industries, Inc.	100.0%		159,000	0	0	159,000
Hopewell Industrial Center	Old Hopewell Boulevard and U.S. Highway	Parts Depot, Inc., American Tire Distributors	100.0%		224,483	0	0	224,483
	301, Tampa
Tampa East Industrial Portfolio	1841 Massaro Blvd., Tampa	General Electric, Hughes Supply, Interline Brands, GE Polymershapes	100.0%		512,923	0	0	512,923
Florida Total:	# of Properties:  5				1,664,806	0	0	1,664,806
Georgia
Atlanta Industrial Park	Atlanta Industrial Pkwy. at Atlanta Industrial	Target Container Co., Sanderson Industries, Inc., Recall Secure	100.0%		120,200	0	0	120,200
	Dr., Atlanta	Destruction Services, Inc., Georgia Aquarium, Inc.
Atlanta Industrial Park II & VI	Atlanta Industrial Pkwy. at Atlanta Industrial	Target Container Co., Sanderson Industries, Inc., Recall Secure	100.0%		382,100	0	0	382,100
	Dr., Atlanta	Destruction Services, Inc., Georgia Aquarium, Inc.
Atlanta Industrial Parkway	Atlanta Industrial Pkwy. at Atlanta Industrial	Target Container Co., Sanderson Industries, Inc., Recall Secure	100.0%		50,000	0	0	50,000
	Dr., Atlanta	Destruction Services, Inc., Georgia Aquarium, Inc.
Riverview Distribution Center	Fulton Industrial Blvd. at Camp Creek Parkway	CHEP USA	100.0%		265,200	0	0	265,200
Sears Logistics	3700 Southside Industrial Way, Atlanta	Sears Logistics Services, Inc.	20.0%	(1)(3)	80,511	322,043	0	402,554
Southside Industrial Parkway	Southside Industrial Pkwy at Jonesboro Rd.,	Lowe Supply, Inc., Mission Produce, Masco Contractor Services	100.0%		72,000	0	0	72,000
	Atlanta
Kennesaw 75	3850-3900 Kennesaw Prkwy, Kennesaw	Clorox Services Company, Builders Specialties, LLC	100.0%		178,467	0	0	178,467
6485 Crescent Drive	I-85 at Jimmy Carter Blvd., Norcross	Zurn, Pax Industries, Inc., Prime Choice Properties, Inc.	20.0%	(1)(3)	72,092	288,368	0	360,460

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Weingarten Realty Investors
Property Listing at September 30, 2007
						Gross Leasable Area
			WRI			Joint	Owned
			Owned	Foot	WRI	Venture	by
Center	Location	Anchors	%	Notes	Owned	Share	Other	Total
Georgia Total:	# of Properties:  6		1,220,570	610,411	0	1,830,981
Tennessee
Crowfarn Drive Warehouse	Crowfarn Dr. at Getwell Rd., Memphis	Joseph T. Ryerson & Son, Inc., Diamond Comic Distributors, In	20.0%	(1)(3)	31,770	127,079	0	158,849
Outland Business Center	Outland Center Dr., Memphis	Vistar Corporation, TricorBraun, Quest Communications Corporation,	20.0%	(1)(3)	82,028	328,110	0	410,138
	Kuehne & Nagel, Inc., Concentra
Southpoint I & II	Pleasant Hill Rd. at Shelby Dr., Memphis	AF Services, Sunnywood Products, Inc., Constar	100.0%		570,940	0	0	570,940
Tennessee Total:	# of Properties:  3				684,738	455,189	0	1,139,927
Texas
Midpoint I-20 Distribution Center	New York Avenue and Arbrook Boulevard,	DHL, INX International	100.0%		253,165	0	0	253,165
	Arlington
Randol Mill Place	Randol Mill Road, Arlington	American Institute of Intradermal Cosmetics, Becker-Parkin Dental	100.0%		54,639	0	0	54,639
	Supply Company, Inc.
Braker 2 Business Center	Kramer Ln. at Metric Blvd., Austin	Home Team Pest Defense, MJC Electronics Corporation	100.0%		27,359	0	0	27,359
Corporate Center Park I and II	Putnam Dr. at Research Blvd., Austin	Phoenix – Lamar Corp, Apria Healthcare, Inc., Walgreen Co.	100.0%		119,452	0	0	119,452
Oak Hills Industrial Park	Industrial Oaks Blvd., Austin	Terracon, Inc., Nanocoolers, Inc., Honeywell	100.0%		89,858	0	0	89,858
Rutland 10 Business Center	Metric Blvd. At Centimeter Circle, Austin	Media Event Concepts,  Inc., Technowood, Inc., Aramark, Liant	100.0%		54,000	0	0	54,000
Southpark A,B,C	East St. Elmo Rd. at Woodward St., Austin	HJV Associates, Inc., EZ Corp, Inc.	100.0%		78,276	0	0	78,276
Southpoint Service Center	Burleson at Promontory Point Dr., Austin	Browning Construction Co., Ltd., The Closet Factory	100.0%		57,667	0	0	57,667
Wells  Branch Corporate Center	Wells Branch Pkwy., Austin	RDA Promart, Allstate Insurance	100.0%		59,144	0	0	59,144
1625 Diplomat Drive	SWC Diplomat Dr. at McDaniel Dr., Carrollton	Rooftop Systems, Inc.	100.0%		106,140	0	0	106,140
Midway Business Center	Midway at Boyington, Carrollton	ProSource, Luxury of Leather	100.0%		141,246	0	0	141,246
Manana Office Center	I-35 at Manana, Dallas	Omega Environmental Technologies, Dave & Busters, B&B Graphics	100.0%		223,128	0	0	223,128
	Finishing Services
Newkirk Service Center	Newkirk near N.W. Hwy., Dallas	Applied Industrial Technologies, AWC	100.0%		105,892	0	0	105,892
Northeast Crossing Office/Service	East N.W. Hwy. at Shiloh, Dallas	Capital Title, Garland surgery Center	100.0%		78,700	0	0	78,700
Center
Northwest Crossing Office/Service	N.W. Hwy. at Walton Walker, Dallas	Corporate Care, Magnum Cable Corp.	100.0%		126,984	0	0	126,984
Center
Redbird Distribution Center	Joseph Hardin Drive, Dallas	Consolidated Container Company; Texwood Industries, L.P.	100.0%		110,839	0	0	110,839
Regal Distribution Center	Leston Avenue, Dallas	Parkland Health & Hosp System, BKM Total Office of Texas, L.P., Global	100.0%		202,559	0	0	202,559
	Industries Southwest
Space Center Industrial Park	Pulaski St. at Irving Blvd., Dallas	Weir’s Furniture Village, Inc., Facility Interiors, Inc.	100.0%		264,582	0	0	264,582
McGraw Hill Distribution Center	420 E. Danieldale Rd, DeSoto	McGraw Hill Companies, Inc.	100.0%		417,938	0	0	417,938
610 and 11th St. Warehouse	Loop 610 at 11th St.	Prefco Corp.	100.0%		104,975	0	0	104,975
610 and 11th St. Warehouse	Loop 610 at 11th St.	Iron Mountain, Stone Container	20.0%	(1)(3)	48,728	194,914	0	243,642
610/288 Business Park	Cannon Street	Palmer Logistics	20.0%	(1)(3)	59,085	236,341	0	295,426
Beltway 8 Business Park	Beltway 8 at Petersham Dr.	Terminix, Carrier Sales and Distribution, Odwalla, Inc.	100.0%		157,498	0	0	157,498
Blankenship Building	Kempwood Drive	Classic Printers	100.0%		59,729	0	0	59,729
Brookhollow Business Center	Dacoma at Directors Row	Bristol Babcock, Surgeon's Management, Houston Digital Instruments	100.0%		133,553	0	0	133,553
Central Park Northwest VI	Central Pkwy. at Dacoma	Houston Metallurgical Lab, Inc., Trader Publishing	100.0%		175,348	0	0	175,348
Central Park Northwest VII	Central Pkwy. at Dacoma	Lucent Technologies, Inc., Houston Graduate School of Theology	100.0%		103,602	0	0	103,602
Claywood Industrial Park	Clay at Hollister	Academy, Ltd.	100.0%		390,141	0	0	390,141
Crosspoint Warehouse	Crosspoint	Foam Enterprises, LLC.	100.0%		72,505	0	0	72,505
Houston Cold Storage Warehouse	7080 Express Lane	SIG Southwest, Global Stainless Supply, Inc., Houston Central	100.0%		128,752	0	0	128,752
	Industries, Inc., Meridian IQ
Jester Plaza Office Service Center	West T.C. Jester	Corporate Care of Houston, Milwaukee Electric Tool Corporation	100.0%		100,605	0	0	100,605
Kempwood Industrial	Kempwood Dr. at Blankenship Dr.	Pioneer Contract Services, Veritas	20.0%	(1)(3)	43,898	175,591	0	219,489
Kempwood Industrial	Kempwood Dr. at Blankenship Dr.	Pioneer Contract Services	100.0%		113,218	0	0	113,218
Lathrop Warehouse	Lathrop St. at Larimer St.	United D.C., Inc.	20.0%	(1)(3)	50,378	201,512	0	251,890
Navigation Business Park	Navigation at N. York	Packwell, Inc.	20.0%	(1)(3)	47,664	190,657	0	238,321
Northway Park II	Loop 610 East at Homestead	Jet Lube, Inc.	20.0%	(1)(3)	60,697	242,786	0	303,483
Railwood F	Market at U.S. 90	Shell Oil Company	20.0%	(1)(3)	60,000	240,000	0	300,000

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Weingarten Realty Investors
Property Listing at September 30, 2007
						Gross Leasable Area
			WRI			Joint	Owned
			Owned	Foot	WRI	Venture	by
Center	Location	Anchors	%	Notes	Owned	Share	Other	Total
Railwood Industrial Park	Mesa at U.S. 90	SIG Southwest, Global Stainless Supply, Inc., Houston Central	100.0%		402,680	0	0	402,680
	Industries, Inc., Meridian IQ
Railwood Industrial Park	Mesa at U.S. 90	Bison Building Materials, Ltd., DSC Logistics	20.0%	(1)(3)	99,531	398,125	0	497,656
South Loop Business Park	S. Loop at Long Dr.	Plastic Plus Awards, Lumber Liquidators	50.0%	(1)(3)	46,225	46,225	0	92,450
Southport Business Park 5	South Loop 610	International Surface Preparation Group, Inc., Sandvik, Inc.	100.0%		160,653	0	0	160,653
Southwest Park II Service Center	Rockley Road	Bioassay Laboratory, Inc.	100.0%		67,700	0	0	67,700
Stonecrest Business Center	Wilcrest at Fallstone	Aztec Facility Services, Inc.	100.0%		110,641	0	0	110,641
Town & Country Commerce Center	I-10 at Beltway 8	Arizona Tile, Seitel	100.0%		206,000	0	0	206,000
West 10 Business Center II	Wirt Rd. at I-10	Summers Group, Inc.	100.0%		82,658	0	0	82,658
West Loop Commerce Center	W. Loop N. at I-10	Inter-Tel Technologies	100.0%		34,256	0	0	34,256
West-10 Business Center	Wirt Rd. at I-10	Aaron’s Office Furniture	100.0%		102,087	0	0	102,087
Westgate Service Center	Park Row Drive at Whiteback Dr.	Welltec, Inc.,Wood Group, 3M	100.0%		119,786	0	0	119,786
Freeport Commerce Center	Sterling Street and Statesman Drive, Irving	McGraw Hill Companies, Inc., TKS (U.S.A.), Inc.	100.0%		50,590	0	0	50,590
Central Plano Business Park	Klein Rd. at Plano Pkwy., Plano	CK Management, Inc., Minarik Corp.	100.0%		137,785	0	0	137,785
Jupiter Service Center	Jupiter near Plano Pkwy., Plano	Interceramic Tile, Gemaire Distributors	100.0%		78,480	0	0	78,480
Sherman Plaza Business Park	Sherman at Phillips, Richardson	Leggett & Platt, Inc., The Volkswagen Store	100.0%		101,137	0	0	101,137
Interwest Business Park	Alamo Downs Parkway, San Antonio	All-American Sports, Gell Service Company, Inc., Goodman	100.0%		219,245	0	0	219,245
	Manufacturing Company, L.P.
Isom Business Park	919-981 Isom Road, San Antonio	Gate Gourmet, Wells Fargo Bank	100.0%		175,200	0	0	175,200
O'Connor Road Business Park	O’Connor Road, San Antonio	Ingersoll Rand , TD Industries	100.0%		150,091	0	0	150,091
Freeport Business Center	13215 N. Promenade Blvd., Stafford	Fairfield Industries, Yokagawa, Pitney Bowes	100.0%		251,385	0	0	251,385
Texas Total:	# of Properties:  51				7,078,074	1,926,151	0	9,004,225
Virginia
Enterchange at Northlake A	11900-11998 North Lakeridge Parkway,	Owens & Minor, VSE Corporation, FedEx Ground	100.0%		215,077	0	0	215,077
Enterchange at Northlake C	North Lakeridge Parkway & Northlake Park Dr,	Handleman Company, International Paper, Owens & Minor	20.0%	(1)(3)	58,623	234,492	0	293,115
	Ashland
Enterchange at Meadowville	2101 Bermuda Hundred Dr, Chester	BASF Corporation	20.0%	(1)(3)	45,362	181,447	0	226,809
Enterchange at Walthall A & B	1900-1998 Ruffin Mill Rd, Colonial Heights	The Antioch Company,  Xymid LLC, Central National-Gottesman, Inc.	20.0%	(1)(3)	121,356	485,424	0	606,780
Enterchange at Walthall C	1936-1962 Ruffin Mill Rd, Colonial Heights	PSS World Medical, Hill Phoenix	20.0%	(1)(3)	52,384	209,538	0	261,922
Enterchange at Walthall D	1700-1798 Ruffin Mill Rd, Colonial Heights	Recall, The Sharper Image	100.0%		171,222	0	0	171,222
Interport Business Center A	4800-4890 Eubank Road, Richmond	Anderson News, LLC, HD Business LLC, Wyeth	20.0%	(1)(3)	89,482	357,930	0	447,412
Interport Business Center B	4700-4790 Eubank Road, Richmond	Mid South Building Supply, Inc., Alcoa, EGL Eagle Global Logistics, LP	20.0%	(1)(3)	23,600	94,400	0	118,000
Interport Business Center C	5300-5390 Laburnum Ave, Richmond	Sears Home Improvement Products, Inc., Ferguson	20.0%	(1)(3)	10,977	43,908	0	54,885
Virginia Total:	# of Properties: 9				788,083	1,607,139	0	2,395,222
Other
Operating Properties
Arizona
Arcadia Biltmore Plaza	Campbell Ave. at North 36th St., Phoenix	Endurance Rehab, Weingarten Realty Regional Office	100.0%		13,879	0	0	13,879
Arizona Total:	# of Properties:  1				13,879	0	0	13,879
Texas
1919 North Loop West	Hacket Drive at West Loop 610 North	State of Texas, Weingarten Realty Regional Office	100.0%		132,978	0	0	132,978
Citadel Plaza	Citadel Plaza Dr.	Weingarten Realty Investors Corporate Office	100.0%	13,460	0	0	13,460
Texas Total:	# of Properties:  2				146,438	0	0	146,438
Total Operating	# of Properties:  383				49,034,692	9,764,278	9,029,970	67,828,936
Properties

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Weingarten Realty Investors
Property Listing at September 30, 2007
						Gross Leasable Area
			WRI			Joint	Owned
			Owned	Foot	WRI	Venture	by
Center	Location	Anchors	%	Notes	Owned	Share	Other	Total
New Development
Arizona			50.0%	(1)(2)	0	0	0	0
Gladden Farms	Lon Adams Rd at Tangerine Farms Rd		100.0%	(2)	46,074	0	0	46,074
Mohave Crossroads	Bullhead Parkway at State Route 95, Bullhead City		100.0%	(2)	126,721	0	60,059	186,780
Raintree Ranch	Ray Road at Price Road, Chandler		100.0%	(2)	69,300	0	0	69,300
The Shoppes at Parkwood Ranch	Southern Avenue and Signal Butte Road, Mesa		242,095	0	60,059	302,154
Arizona Total:	# of Properties: 4
California			50.0%	(1)(2)(3)	89,410	89,410	0	178,819
Jess Ranch Marketplace	Bear Valley Road at Jess Ranch Parkway, Apple Valley		50.0%	(1)(2)(3)	16,750	16,750	0	33,500
Jess Ranch Phase III	Bear Valley Road at Jess Ranch Parkway, Apple Valley		106,160	106,160	0	212,319
California Total:	# of Properties: 2
Colorado			50.0%	(1)(2)	0	0	0	0
Buckingham Square	Mississippi at Havana, Aurora		41.0%	(1)(2)(3)	110,940	159,646	125,174	395,760
Glenwood Meadows	Midland Ave. at W. Meadows, Glenwood Springs		50.0%	(1)(2)	7,551	7,551	0	15,102
River Point at Sheridan	Highway 77 and Highway 88, Sheridan		118,491	167,197	125,174	410,862
Colorado Total:	# of Properties: 3
Florida			55.0%	(1)(2)	3,850	3,150	0	7,000
Clermont Landing	U.S. 27 & Steve's Road		50.0%	(1)(2)	132,528	132,528	0	265,056
Colonial Landing	East Colonial Dr. at Maguire Boulevard, Orlando		50.0%	(1)(2)	56,691	56,691	0	113,382
Palm Coast Center	State Road 100 & Belle Terre Parkway, Palm Coast		100.0%	(2)	61,795	0	0	61,795
Phillips Crossing	Interstate 4 and Sand Lake Road, Orlando		100.0%	(2)	26,125	0	0	26,125
Phillips Landing	Turkey Lake Rd., Orlando		280,989	192,369	0	473,358
Florida Total:	# of Properties: 5
Georgia			50.0%	(1)(2)	1,300	1,300	0	2,601
South Fulton Town Center	NWC South Fulton Parkway @ Hwy 92, Union City		1,300	1,300	0	2,601
Georgia Total:	# of Properties: 1
North Carolina			100.0%	(2)	0	0	0	0
Crabtree Towne Center	Creedmoor (Highway 50) and Crabtree Valley Avenue, Raleigh		100.0%	(2)	0	0	0	0
Southern Pines	U.S. 15-501 and Bruce Wood Rd, Southern Pines		100.0%	(2)	0	0	0	0
Surf City Crossing	Highway 17 and Highway 210, Surf City		100.0%	(2)	19,726	0	0	19,726
The Shoppes at Caveness Farms	Capitol Boulevard and Caveness Farms Avenue, Wake Forest		75.0%	(1)(2)	39,586	13,195	0	52,781
Waterford Village	US Hwy 17 & US Hwy 74/76, Leland		59,312	13,195	0	72,507
North Carolina Total:	# of Properties: 5
Tennessee			100.0%	(2)	0	0	0	0
Ridgeway Trace	Memphis		0	0	0	0
Tennessee Total:	# of Properties: 1
Texas			100.0%		0	0	0	0
Festival Plaza	Helotes, TX		70.0%	(1)(2)	0	0	0	0
Gateway Station	I-35W and McAlister Rd., Burleson		100.0%	(2)	0	0	0	0
Horne Street Market	I-30 & Horne Street, Fort Worth

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Weingarten Realty Investors
Property Listing at September 30, 2007
						Gross Leasable Area
			WRI			Joint	Owned
			Owned	Foot	WRI	Venture	by
Center	Location	Anchors	%	Notes	Owned	Share	Other	Total
Market at Nolana	Nolana Ave and 29th St., McAllen		50.0%	(1)(2)(3)	10,715	10,715	0	21,430
Market at Sharyland Place	U.S. Expressway 83 and Shary Road, Mission		50.0%	(1)(2)(3)	45,152	45,152	0	90,303
North Sharyland Towne Crossing	Shary Rd. at North Hwy. 83, Mission		50.0%	(1)(2)(3)	0	0	0	0
North Towne Plaza	U.S. 77 and 83 at SHFM 802, Brownsville		75.0%	(1)(2)	0	0	0	0
River Pointe	I-45 at Loop 336, Conroe		100.0%	(2)	44,792	0	144,911	189,703
Rock Prairie Marketplace	Rock Prairie Rd. at Hwy. 6, College Station		100.0%	(2)	0	0	0	0
Sharyland Towne Crossing	Shary Rd. at Hwy. 83, Mission		50.0%	(1)(2)(3)	172,042	172,042	0	344,084
Starr Plaza	U.S. Hwy. 83 at Bridge St., Rio Grande City		50.0%	(1)(2)(3)	88,406	88,406	0	176,812
Stevens Ranch	NEC SH 211 and Potranco Road, San Antonio		50.0%	(1)(2)	0	0	0	0
Tomball Marketplace	FM 2920 and Future 249, Tomball		100.0%	(2)	0	0	0	0
Westover Square	151 and Ingram, San Antonio		66.7%	(1)(2)	0	0	0	0
Westwood Center	Culebra Road and Westwood Loop, San Antonio		100.0%	(2)	0	0	0	0
Texas Total:	# of Properties: 15				361,107	316,315	144,911	822,332
Washington
Village at Liberty Lake	E. Country Vista Dr. at N. Liberty Rd., Liberty Lake		50.0%	(1)(2)(3)	5,000	5,000	132,874	142,875
Washington Total:	# of Properties: 1				5,000	5,000	132,874	142,875
Total New Developments	# of Properties:  37				1,174,454	801,536	463,018	2,439,008
Unimproved Land
Arizona
Mohave Crossroads								7,185
Arizona Total:								7,185
Louisiana
U.S. Highway 171 at Parish, DeRidder								462,000
Louisiana Total:								462,000
North Carolina
The Shoppes at Caveness Farms								1,750,000
North Carolina Total:								1,750,000
Texas
9th Ave. at 25th St., Port Arthur								243,000
Bissonnet at Wilcrest								84,629
Citadel Plaza at 610 North Loop								137,000
East Orem								122,000
Highway 3 at Highway 1765, Texas City								201,000
Kirkwood at Dashwood Drive								322,000
Mesa Road at Tidwell								901,000
Northwest Freeway at Gessner								340,456
River Pointe Drive at Interstate 45, Conroe								618,000
Shaver at Southmore, Pasadena								17,000
West Little York at Interstate 45								161,000
West Loop North at Interstate 10								145,000
Texas Total:								3,292,085
Total Unimproved Land								5,511,270

Page 36