EX-99.2 3 ex99-2.htm EXHIBIT 99.2 ex99-2.htm


EXHIBIT 99.2

 
 
 
 
 
Supplemental Financial Information
December 31, 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 - 8
 
Funds from Operations
 
 
Dividends
 
 
General and Administrative Expenses
 
 
Net Operating Income
 
  Quarterly Same Property NOI Growth  
 
Rentals
 
 
Interest Expense
 
 
Fee Income From Joint Ventures
 
 
Property
 
Joint Venture Reporting
9 - 12
 
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
13
 
Common Share Data
 
 
Capitalization
 
 
Capital Availability
 
 
Credit Ratings
 
Debt Information
14 - 15
 
Outstanding Balance Summary
 
 
Fixed vs Variable Rate Debt
 
 
Secured vs Unsecured Debt
 
 
Coverage Ratios
 
 
Weighted Average Interest Rates
 
 
Schedule of Maturities
 
Other Information
16 - 17
 
Tenant Diversification
 
 
Lease Expirations
 
 
Leasing Production
 
 
Average Minimum Rent per Square Foot
 
 
Occupancy
 
Property Information
18 - 39
 
Property Investment Summary
 
 
Acquisition Summary
 
 
Disposition Summary
 
 
New Development Summary
 
 
Total Operating Income at Prorata Share by Geographic Region
 
 
Average Base Rents by CBSA
 
 
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.
 


 
 

 


                         
                             
                             
                             
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 December 31, 2007, we owned or operated under long-term leases, interests in 383
       
developed income-producing properties and 32 properties that are in various stages of development (including 8
     
which are income-producing), which are located in 23 states that span the United States from coast to coast.  Included in the
   
portfolio are 335 shopping centers, 77 industrial projects, and 3 other operating properties.  Our interests in these properties
   
aggregated approximately 50.5 million square feet of leasable area.  Our properties were 94.4% leased as of December 31, 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
                         
 
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
 
Consolidated Statements of Income
 
(in thousands, except per share amounts)
 
(as reported)
 
   
                                           
                                           
                                           
   
Three Months Ended
                         
   
December 31,
   
Twelve Months Ended December 31,
 
   
2007
   
2006
   
2007
   
2006
   
2005
   
2004
   
2003
 
                                           
Revenues:
                                         
Rentals
  $ 150,812     $ 138,515     $ 585,702     $ 531,353     $ 481,628     $ 432,936     $ 355,117  
Other
    3,592       2,201       13,352       6,841       6,228       8,208       6,640  
Total
    154,404       140,716       599,054       538,194       487,856       441,144       361,757  
                                                         
Expenses:
                                                       
Depreciation and amortization
    33,888       31,863       131,708       121,471       110,956       98,727       78,139  
Operating
    30,090       26,741       106,259       88,018       73,218       68,640       56,032  
Ad valorem taxes
    15,500       13,483       68,560       62,652       56,181       49,712       40,508  
General and administrative
    7,329       7,301       26,979       23,801       17,379       16,122       13,820  
Impairment loss
                                            3,200          
Total
    86,807       79,388       333,506       295,942       257,734       236,401       188,499  
                                                         
Operating Income
    67,597       61,328       265,548       242,252       230,122       204,743       173,258  
Interest Expense
    (38,646 )     (39,664 )     (148,829 )     (145,374 )     (129,160 )     (116,142 )     (90,214 )
Interest and Other Income
    1,648       4,226       8,486       9,044       2,860       1,389       1,562  
Loss on Redemption of Preferred Shares
                                            (3,566 )     (2,739 )
Equity in Earnings of Real Estate Joint Ventures and Partnerships, net (a)
    7,340       3,789       19,853       14,655       6,610       5,384       4,681  
Income Allocated to Minority Interests
    (2,559 )     (1,437 )     (10,237 )     (6,414 )     (6,060 )     (4,928 )     (2,723 )
Gain (Loss) on Sale of Properties
    1,076       (4,481 )     4,086       22,493       22,306       1,562       667  
Gain on Land and Merchant Development Sales
    8,235       986       16,385       7,166       804                  
(Provision) Benefit for Income Taxes
    (2,140 )     35       (4,073 )     (1,366 )                        
Income From Continuing Operations
    42,551       24,782       151,219       142,456       127,482       88,442       84,492  
Operating Income From Discontinued Operations
    66       2,690       3,139       17,060       26,712       28,056       25,751  
Gain on Sale of Properties From Discontinued Operations
    23,975       26,914       83,659       145,494       65,459       24,883       6,037  
Income From Discontinued Operations
    24,041       29,604       86,798       162,554       92,171       52,939       31,788  
Net Income
    66,592       54,386       238,017       305,010       219,653       141,381       116,280  
Preferred Share Dividends
    (8,890 )     (2,525 )     (25,375 )     (10,101 )     (10,101 )     (7,470 )     (15,912 )
Redemption Cost of Series A Preferred Shares
                                                    (2,488 )
Net Income Available to Common Shareholders
  $ 57,702     $ 51,861     $ 212,642     $ 294,909     $ 209,552     $ 133,911     $ 97,880  
Net Income Per Common Share - Basic
  $ 0.68     $ 0.61     $ 2.49     $ 3.36     $ 2.35     $ 1.55     $ 1.24  
Net Income Per Common Share - Diluted
  $ 0.67     $ 0.59     $ 2.44     $ 3.27     $ 2.31     $ 1.54     $ 1.24  
                                                         
                                                         
(a) See Page 10 for the Company's prorata share of the operating results of its unconsolidated real estate joint ventures and partnerships.


 
Page 2

 


Weingarten Realty Investors
 
Consolidated Balance Sheets
 
(in thousands, except per share amounts)
 
(as reported)
 
   
             
             
   
December 31,
 
   
2007
   
2006
 
ASSETS
           
             
Property
  $ 4,972,344     $ 4,445,888  
Accumulated Depreciation
    (774,321 )     (707,005 )
Property, net
    4,198,023       3,738,883  
                 
Investment in Real Estate Joint Ventures and Partnerships (a)
    300,756       203,839  
Total
    4,498,779       3,942,722  
                 
Notes Receivable from Real Estate Joint Ventures and Partnerships
    81,818       3,971  
Unamortized Debt and Lease Costs
    114,969       112,873  
Accrued Rent and Accounts Receivable (net of allowance for doubtful accounts of $8,721 in 2007 and $5,995 in 2006)
    94,607       78,893  
Cash and Cash Equivalents
    65,777       71,003  
Restricted Deposits and Mortgage Escrows
    38,884       94,466  
Other
    98,509       69,959  
Total
  $ 4,993,343     $ 4,373,887  
                 
LIABILITIES AND SHAREHOLDERS' EQUITY
               
                 
Debt
  $ 3,165,059     $ 2,941,039  
Accounts Payable and Accrued Expenses
    155,137       132,821  
Other
    104,439       86,566  
Total
    3,424,635       3,160,426  
                 
Minority Interest
    96,885       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          
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 and outstanding: 85,146 in 2007 and 85,765 in 2006 (b)
    2,524       2,582  
Accumulated Additional Paid-In Capital
    1,442,027       1,136,481  
Net Income in Excess of (Less Than) Accumulated Dividends
    42,739       (786 )
Accumulated Other Comprehensive Loss
    (15,475 )     (12,500 )
Shareholders' Equity
    1,471,823       1,125,781  
Total
  $ 4,993,343     $ 4,373,887  
                 
                 
(a) This represents the Company's investment of its unconsolidated real estate joint ventures and partnerships. See page 10 for additional information.
 
(b) This includes 1.4 million of treasury shares at December 31, 2007.
 


 
Page 3

 


Weingarten Realty Investors
 
Consolidated Statements of Income at Prorata Share
 
(in thousands, except per share amounts)
 
                                           
                                     
   
Three Months Ended
                               
   
December 31,
   
Twelve Months Ended December 31,
 
   
2007
   
2006
   
2007
   
2006
   
2005
   
2004
   
2003
 
                                           
Revenues:
                                         
Rentals
  $ 159,953     $ 142,275     $ 617,618     $ 541,260     $ 486,605     $ 435,215     $ 356,133  
Other
    3,985       2,308       13,811       7,626       6,404       7,968       6,820  
Total
    163,938       144,583       631,429       548,886       493,009       443,183       362,953  
                                                         
Expenses:
                                                       
Depreciation and amortization
    37,099       32,692       140,322       123,181       111,208       98,620       76,664  
Operating
    31,113       26,584       108,833       88,307       73,161       68,656       55,992  
Ad valorem taxes
    16,333       13,633       72,044       63,292       56,598       49,856       40,740  
General and administrative
    7,434       7,365       27,180       23,902       17,436       16,125       13,821  
Impairment loss
                                            3,200          
Total
    91,979       80,274       348,379       298,682       258,403       236,457       187,217  
                                                         
                                                         
Operating Income
    71,959       64,309       283,050       250,204       234,606       206,726       175,736  
Interest Expense
    (39,205 )     (40,279 )     (153,577 )     (146,150 )     (128,270 )     (114,485 )     (89,917 )
Interest and Other Income
    2,532       4,921       12,543       10,686       3,635       2,553       3,615  
Loss on Redemption of Preferred Shares
                                            (3,566 )     (2,739 )
Income Allocated to Minority Interests
    (1,678 )     (1,330 )     (5,155 )     (5,453 )     (5,218 )     (3,990 )     (3,236 )
Gain (Loss) on Sale of Properties
    3,248       (4,483 )     6,255       26,549       22,102       1,460       1,186  
Gain on Land and Merchant Development Sales
    7,823       1,678       15,973       8,274       889                  
(Provision ) Benefit for Income Taxes
    (2,141 )     35       (4,076 )     (1,366 )                        
Income From Continuing Operations
    42,538       24,851       155,013       142,744       127,744       88,698       84,645  
Operating Income From Discontinued Operations
    66       2,608       3,125       16,759       26,450       27,800       25,597  
Gain on Sale of Properties From Discontinued Operations
    23,988       26,927       79,879       145,507       65,459       24,883       6,038  
Income From Discontinued Operations
    24,054       29,535       83,004       162,266       91,909       52,683       31,635  
Net Income
    66,592       54,386       238,017       305,010       219,653       141,381       116,280  
Preferred Share Dividends
    (8,890 )     (2,525 )     (25,375 )     (10,101 )     (10,101 )     (7,470 )     (15,912 )
Redemption Cost of Series A Preferred Shares
                                                    (2,488 )
Net Income Available to Common Shareholders
  $ 57,702     $ 51,861     $ 212,642     $ 294,909     $ 209,552     $ 133,911     $ 97,880  
Net Income Per Common Share - Basic
  $ 0.68     $ 0.61     $ 2.49     $ 3.36     $ 2.35     $ 1.55     $ 1.24  
Net Income Per Common Share - Diluted
  $ 0.67     $ 0.59     $ 2.44     $ 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 Consolidated Statements of Income at Prorata Share include the real estate operations of joint ventures and partnerships at WRI's ownership percentages ranging from 7.8% 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)
 
   
             
             
   
December 31,
 
   
2007
   
2006
 
ASSETS
           
             
Property
  $ 5,287,823     $ 4,610,751  
Accumulated Depreciation
    (788,141 )     (707,289 )
Property, net
    4,499,682       3,903,462  
                 
Notes Receivable from Real Estate Joint Ventures and Partnerships
    88,804       54,125  
Unamortized Debt and Lease Costs
    130,255       118,377  
Accrued Rent and Accounts Receivable (net of allowance for doubtful accounts of $10,055 in 2007 and $6,696 in 2006)
    102,527       79,165  
Cash and Cash Equivalents
    71,550       84,092  
Restricted Deposits and Mortgage Escrows
    56,331       93,955  
Other
    143,960       73,995  
Total
  $ 5,093,109     $ 4,407,171  
                 
                 
LIABILITIES AND SHAREHOLDERS' EQUITY
               
                 
Debt
  $ 3,242,349     $ 2,985,405  
Accounts Payable and Accrued Expenses
    166,694       132,845  
Other
    149,938       84,885  
Total
    3,558,981       3,203,135  
                 
Minority Interest
    64,163       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 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: 85,146 in 2007 and 85,765 in 2006
    2,524       2,582  
Accumulated Additional Paid-In Capital
    1,442,027       1,136,481  
Net Income in Excess of (Less Than) Accumulated Dividends
    42,739       (786 )
Accumulated Other Comprehensive Loss
    (17,333 )     (12,500 )
Shareholders' Equity
    1,469,965       1,125,781  
          Total
  $ 5,093,109     $ 4,407,171  
                 
                 
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 and partnerships at WRI's ownership percentages ranging from 7.8% to 81% except for the operations of down-reit partnerships, which are included at 100%.
 


 
Page 5

 


Weingarten Realty Investors
 
Summary Operating Data
 
(in thousands, except per share amounts)
 
                         
                         
                         
   
Three Months Ended
   
Twelve Months Ended
 
   
December 31,
   
December 31,
 
   
2007
   
2006
   
2007
   
2006
 
Funds from Operations
                       
Numerator:
                       
Net income available to common shareholders
  $ 57,702     $ 51,861     $ 212,642     $ 294,909  
Depreciation and amortization
    32,923       32,204       129,946       126,713  
Depreciation and amortization of unconsolidated real estate joint ventures and partnerships
    3,765       1,751       11,204       5,079  
Gain on sale of properties
    (25,065 )     (22,446 )     (83,907 )     (168,004 )
(Gain) Loss on sale of properties of unconsolidated real estate joint ventures and partnerships
    (2,171     2       (2,169     (4,052
Funds from Operations - Basic
    67,154       63,372       267,716       254,645  
Funds from operations attributable to operating partnership units
    1,096       1,330       4,407       5,453  
Funds from Operations - Diluted
  $ 68,250     $ 64,702     $ 272,123     $ 260,098  
                                 
Denominator:
                               
Weighted average shares outstanding - Basic
    84,286       85,476       85,504       87,719  
Effect of dilutive securities:
                               
Share options and awards
    673       1,055       891       926  
Operating partnership units
    2,420       3,082       2,498       3,134  
Weighted average shares outstanding - Diluted
    87,379       89,613       88,893       91,779  
                                 
Funds from Operations per Share - Basic
  $ 0.80     $ 0.74     $ 3.13     $ 2.90  
                                 
Funds from Operations Per Share - Diluted
  $ 0.78     $ 0.72     $ 3.06     $ 2.83  
                                 
Growth in Funds from Operations per Share - Diluted
            8.3 %             8.1 %
                                 
                                 
Dividends
                               
Common Dividends per Share
  $ 0.495     $ 0.465     $ 1.980     $ 1.860  
                                 
Common Dividends Paid as a % of Funds from Operations
    61.7 %     62.8 %     63.2 %     64.0 %
                                 
                                 
General and Administrative Expenses *
                               
General and Administrative Expenses/Total Revenue
    4.5 %     5.1 %     4.3 %     4.4 %
                                 
General and Administrative Expenses/Total Assets before Depreciation
    0.12 %     0.14 %     0.45 %     0.45 %
                                 
                                 
Net Operating Income *
                               
Same Property NOI Growth: **
                               
Retail
    2.0 %     4.3 %     2.3 %     3.5 %
Industrial
    2.5 %     2.4 %     3.5 %     2.6 %
Total
    2.0 %     4.2 %     2.4 %     3.4 %
                                 
                                 
 *       Includes the Company's share of unconsolidated real estate joint ventures and partnerships and excludes its partners' share of consolidated real estate joint ventures and partnerships ("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 real estate joint ventures and partnerships. We calculate FFO in a manner consistent with the NAREIT definition.
 
Management 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.
 


 
Page 6

 

 
 
Same Property NOI Growth
 
Eight Quarter History
 
                                                 
                                                 
                                                 
   
4Q '07
   
3Q '07
   
2Q '07
   
1Q '07
   
4Q '06
   
3Q '06
   
2Q '06
   
1Q '06
 
                                                 
GAAP Basis
                                               
Retail
    2.0 %     2.0 %     3.4 %     3.4 %     4.3 %     2.9 %     1.2 %     4.5 %
Industrial
    2.5 %     7.3 %     2.2 %     2.3 %     2.4 %     -5.5 %     3.7 %     4.2 %
Total
    2.0 %     2.4 %     3.3 %     3.3 %     4.2 %     2.2 %     1.4 %     4.4 %
                                                                 
Cash Basis
                                                               
Retail
    3.2 %     2.5 %     3.2 %     3.2 %     3.4 %     2.8 %     2.4 %     4.6 %
Industrial
    3.4 %     9.1 %     2.5 %     2.5 %     1.4 %     -5.0 %     4.4 %     5.2 %
Total
    3.2 %     3.1 %     3.1 %     3.1 %     3.3 %     2.2 %     2.6 %     4.6 %
                                                                 
                                                                 
                                                                 
                                                                 
                                                                 
                                                                 
                                                                 
                                                                 
Notes:
                                                               
- Includes the Company's share of unconsolidated real estate joint ventures and partnerships and excludes its partner's share of consolidated real estate joint ventures and partnerships ("Prorata Share")
 
- Same Property NOI Growth excludes the effect of lease cancellation income
                         


 
Page 7

 

Weingarten Realty Investors
 
Summary Operating Data (continued)
 
(in thousands)
 
                         
                         
                         
   
Three Months Ended
   
Twelve Months Ended
 
   
December 31,
   
December 31,
 
   
2007
   
2006
   
2007
   
2006
 
Rentals
                       
Base minimum rent, net
  $ 116,089     $ 106,088     $ 448,813     $ 411,828  
Straight line rent
    2,519       2,483       9,560       7,287  
Over/Under-market rentals, net
    899       469       3,223       1,364  
Percentage rent
    1,833       1,801       6,485       6,019  
Tenant reimbursements
    29,472       27,674       117,621       104,855  
Total
  $ 150,812     $ 138,515     $ 585,702     $ 531,353  
                                 
                                 
   
Three Months Ended
   
Twelve Months Ended
 
   
December 31,
   
December 31,
 
   
2007
   
2006
   
2007
   
2006
 
Rentals (Prorata Share)
                               
Base minimum rent, net
  $ 122,761     $ 109,021     $ 472,281     $ 419,491  
Straight line rent
    2,908       2,676       10,742       7,863  
Over/Under-market rentals, net
    1,143       614       4,294       1,736  
Percentage rent
    1,917       1,828       6,552       6,178  
Tenant reimbursements
    31,224       28,136       123,749       105,992  
Total
  $ 159,953     $ 142,275     $ 617,618     $ 541,260  
                                 
                                 
   
Three Months Ended
   
Twelve Months Ended
 
   
December 31,
   
December 31,
 
   
2007
   
2006
   
2007
   
2006
 
Interest Expense (Prorata Share)
                               
Interest paid or accrued
  $ 48,039     $ 45,404     $ 186,737     $ 161,315  
Over-market mortgage adjustment
    (1,613 )     (1,845 )     (6,813 )     (7,516 )
Gross interest expense
    46,426       43,559       179,924       153,799  
Less:
                               
Capitalized interest
    (7,221 )     (3,280 )     (26,347 )     (7,649 )
Interest expense, at prorata share
  $ 39,205     $ 40,279     $ 153,577     $ 146,150  
                                 
                                 
   
Three Months Ended
   
Twelve Months Ended
 
   
December 31,
   
December 31,
 
   
2007
   
2006
   
2007
   
2006
 
Fee Income from Real Estate Joint Ventures and Partnerships
                               
Recurring
  $ 1,967     $ 1,139     $ 5,892     $ 2,093  
Non-Recurring
    517       276       2,312       407  
Total
  $ 2,484     $ 1,415     $ 8,204     $ 2,500  
                                 
                                 
                                 
                   
December 31,
 
                   
2007
   
2006
 
Property at Prorata Share
                               
Land
                  $ 1,069,292     $ 910,240  
Land held for development
                    62,034       20,078  
Land under development
                    195,315       142,366  
Buildings and improvements
                    3,743,971       3,446,226  
Construction in-progress
                    217,211       91,841  
Total
                  $ 5,287,823     $ 4,610,751  


 
Page 8

 


Weingarten Realty Investors
 
Financial Statements of Unconsolidated Real Estate Joint Ventures and Partnerships at 100%
 
(in thousands)
 
                         
             
             
   
Three Months Ended
   
Twelve Months Ended
 
   
December 31,
   
December 31,
 
   
2007
   
2006
   
2007
   
2006
 
                         
Revenues:
  $ 40,595     $ 23,766     $ 146,642     $ 65,002  
                                 
Expenses:
                               
 Depreciation and amortization
    13,278       5,863       38,574       15,390  
Interest
    5,593       5,322       23,093       17,398  
Operating
    6,822       3,557       22,396       8,750  
Ad valorem taxes
    3,479       1,761       15,767       6,187  
 General and administrative
    622       368       1,243       783  
Total
    29,794       16,871       101,073       48,508  
                                 
Gain on land and merchant development sales
    1,295       1,383       1,295       1,938  
Gain (loss) on sale of properties
    5,427       (2 )     5,422       5,991  
Net income
  $ 17,523     $ 8,276     $ 52,286     $ 24,423  
                                 
                                 
                                 
                                 
                                 
                   
December 31,
 
                   
2007
   
2006
 
ASSETS
                               
                                 
Property
                  $ 1,660,915     $ 1,123,600  
 Accumulated depreciation
                    (71,998 )     (41,305 )
Property, net
                    1,588,917       1,082,295  
                                 
Other assets
                    238,166       117,594  
                                 
Total
                  $ 1,827,083     $ 1,199,889  
                                 
                                 
LIABILITIES AND SHAREHOLDERS' EQUITY
                               
                                 
 Debt
                  $ 378,206     $ 327,460  
 Amounts payable to Weingarten Realty Investors
                    87,191       22,657  
Other liabilities
                    138,150       39,154  
Accumulated equity
                    1,223,536       810,618  
                                 
Total
                  $ 1,827,083     $ 1,199,889  


 
Page 9

 


Weingarten Realty Investors
 
Financial Statements of Unconsolidated Real Estate Joint Ventures and Partnerships at Prorata Share
 
(in thousands)
 
                         
                         
                         
   
Three Months Ended
   
Twelve Months Ended
 
   
December 31,
   
December 31,
 
   
2007
   
2006
   
2007
   
2006
 
                         
Revenues:
  $ 12,068     $ 7,542     $ 44,298     $ 23,043  
                                 
Expenses:
                               
Depreciation and amortization
    3,765       1,751       11,204       5,079  
 Interest
    1,595       1,543       6,951       5,166  
 Operating
    1,965       1,135       6,517       3,132  
Ad valorem taxes
    1,077       530       4,623       2,121  
General and administrative
    194       104       413       292  
Total
    8,596       5,063       29,708       15,790  
                                 
Gain on land and merchant development sales
    647       692       647       1,108  
Gain (loss) on sale of property
    2,171       (2 )     2,169       4,052  
                                 
Net Income
  $ 6,290     $ 3,169     $ 17,406     $ 12,413  
                                 
                                 
                   
December 31,
 
                   
2007
   
2006
 
ASSETS
                               
                                 
 Property
                  $ 456,007     $ 307,559  
Accumulated Depreciation
                    (26,604 )     (16,869 )
Property, net
                    429,403       290,690  
                                 
Other Assets
                    89,310       39,949  
Total
                  $ 518,713     $ 330,639  
                                 
                                 
                                 
LIABILITIES AND SHAREHOLDERS' EQUITY
                               
                                 
  Debt
                  $ 115,967     $ 97,999  
 Amounts Payable to Weingarten Realty Investors
                    40,852       7,382  
 Accounts Payable and Accrued Expenses
                    53,315       10,118  
Total
                    210,134       115,499  
                                 
Accumulated Equity
                    308,579       215,140  
                                 
Total
                  $ 518,713     $ 330,639  
                                 
                                 
                                 
                                 
 Notes:
                               
The Consolidated Financial Statements at prorata share include only the real estate operations of joint ventures and partnerships 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.
 


 
Page 10

 


 
Investment in Real Estate Joint Ventures & Partnerships
 
December 31, 2007
 
(In Thousands)
 
                                                 
                                                 
                           
Weingarten Realty
 
Joint Venture Partner
 
Number of Properties
   
Total GLA
   
Total Assets
   
Total Debt
   
Ownership Interest
   
Share of Debt
   
Investment Balance
   
Equity in Earnings of Unconsolidated JVs (1)
 
                                                 
TIAA Florida Retail LLC
    7       1,261     $ 344,518     $ -       20.0 %   $ -     $ 65,830     $ 3,355  
AEW SRP, LLC
    9       895       195,025       105,481       25.0 %     26,370       19,004       2,525  
Collins
    8       1,095       138,845       12,201       50.0 %     6,100       47,933       3,099  
AEW - Institutional Client
    6       523       138,439       70,693       20.0 %     14,139       12,415       735  
BIT Retail
    3       715       -       -       20.0 %     -       29,634       (0 )
BIT Investment Thirty-Six, LP
    12       4,068       238,700       25,123       20.0 %     5,025       34,735       1,159  
Eagle AN, LP
    7       2,050       51,707       36,202       20.0 %     7,240       -       59  
                                                                 
Other
    21       2,959       719,849       128,506       44.4 %     57,093       91,205       8,921  
                                                                 
Total
    73       13,566     $ 1,827,083     $ 378,206       26.5 %   $ 115,967     $ 300,756     $ 19,853  
                                                                 
Joint Venture Description
                                                         
                                                                 
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 11

 

 
Mortgage Debt Information in Real Estate Joint Ventures & Parnerships
 
December 31, 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
    9     $ 105,481       5.7 %     8.0  
Collins
    8       12,201       6.0 %     13.5  
AEW - Institutional Client
    6       70,693       5.7 %     6.2  
BIT Retail
    3       -       -       -  
BIT Investment Thirty-Six, LP
    12       25,123       6.4 %     3.8  
Eagle AN, LP
    7       36,202       8.1 %     2.7  
                                 
Other
    21       52,789       5.8 %     5.7  
                                 
Total
    73     $ 302,488       6.1 %     6.4  
                                 
                                 
                                 
(1) All mortgages are fixed rate except for one of the "other" which has a variable rate mortgage ($3.4 million).
 


 
Page 12

 


 
Summary Balance Sheet Information
 
(in thousands, except common share data and percentages)
 
               
               
               
     
December 31,
   
December 31,
 
     
2007
   
2006
 
               
Common Share Data
           
Closing Market Price
  $ 31.44     $ 46.11  
                   
Dividend Yield
    6.30 %     4.03 %
                   
90-Day Average Trading Volume
    468,050       340,616  
                   
                   
Capitalization (As reported)
               
Debt
  $ 3,165,059     $ 2,941,039  
Preferred Shares
    547,500       147,500  
Common Shares at Market  (1)
    2,633,917       3,954,624  
Operating Partnership Units at Market
    75,959       138,745  
 
Total Market Capitalization
  $ 6,422,435     $ 7,181,908  
                   
Debt to Total Market Capitalization
    49.3 %     41.0 %
                   
                   
Capitalization (Prorata)
               
Debt
  $ 3,242,349     $ 2,985,405  
Preferred Shares
    547,500       147,500  
Common Shares at Market  (1)
    2,633,917       3,954,624  
Operating Partnership Units at Market
    75,959       138,745  
 
Total Market Capitalization
  $ 6,499,725     $ 7,226,274  
                   
Debt to Total Market Capitalization
    49.9 %     41.3 %
                   
                   
Capital Availability
               
Unused Portion of $575 MM Revolver
  $ 310,793     $ 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
  $ 1,746,223     $ 2,007,353  
                   
                   
Credit Ratings
 
S&P
   
Moody's
 
                   
Senior Debt
 
BBB+
   
Baa1
 
Preferred Shares
 
BBB
   
Baa2
 
                   
(1)
Excludes 1.4 million shares of Treasury Stock held by WRI at 12/31/07 which were subsequently retired on January 11, 2008.
 


 
Page 13

 


Weingarten Realty Investors
 
Debt Information
 
(in thousands, except percentages)
 
                           
                           
           
4th Quarter
         
4th Quarter
 
     
December 31,
   
Weighted
   
December 31,
   
Weighted
 
     
2007
   
Average Rate
   
2006
   
Average Rate
 
Outstanding Balance Summary (1)
                       
Mortgage Debt
  $ 1,035,578       7.19 %   $ 994,025       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
    1,065,867       5.87 %     1,119,867       5.85 %
Revolving Credit Agreements (3)
    255,000       5.54 %     18,000       5.97 %
Industrial Revenue Bonds
    3,889       4.92 %     4,422       5.36 %
Obligations under Capital Leases
    29,725       6.22 %     29,725       6.00 %
 
Total Debt - As Reported
    3,165,059       6.08 %     2,941,039       6.09 %
Less: Minority Partners' Interests
    (38,677 )             (53,633 )        
Plus: WRI Share of Unconsolidated Joint Ventures
    115,967               97,999          
 
Total Debt - Prorata Share
  $ 3,242,349       6.06 %   $ 2,985,405       6.10 %
                                   
                                   
                                   
     
December 31,
           
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
  $ 2,919,947       90.1 %   $ 2,869,461       96.1 %
Variable-rate debt
    322,402       9.9 %     115,944       3.9 %
 
Total
  $ 3,242,349       100.0 %   $ 2,985,405       100.0 %
                                   
                                   
Secured vs Unsecured Debt (at Prorata Share)
                               
Secured Debt
  $ 1,146,843       35.4 %   $ 1,075,189       36.0 %
Unsecured Debt
    2,095,506       64.6 %     1,910,216       64.0 %
 
Total
  $ 3,242,349       100.0 %   $ 2,985,405       100.0 %
                                   
                                   
                                   
Coverage Ratios (at Prorata Share trailing 4 quarters)
                               
Fixed Charge Coverage
    2.07 x             2.37 x        
Interest Coverage
    2.29 x             2.45 x        
Debt Service Coverage
    2.24 x             2.41 x        
                                   
                                   
                                   
     
As
   
Prorata
                 
     
Reported
   
Share
                 
Weighted Average Interest Rates (1)
                               
Three months ended 12/31/07
    6.08 %     6.06 %                
Twelve months ended 12/31/07
    6.08 %     6.07 %                
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 5.23% in fourth quarter 2007 and 5.63% in fourth quarter 2006.
         


 
Page 14

 


Weingarten Realty Investors
 
Debt Information
 
(in thousands, except percentages)
 
                                     
                                     
                                     
Schedule of Maturities at December 31, 2007
                             
                                     
                                     
                                     
   
As Reported
   
Prorata Share
 
   
Maturities
   
Rate (7)
   
Maturities
   
Rate (7)
   
Floating Rate
   
Fixed Rate
 
2008 (1) (2) (3)
    254,509       6.60 %     256,707       6.58 %     4,943       251,764  
2009
    113,506       6.59 %     113,280       6.57 %     9,795       103,485  
2010
    119,183       6.54 %     127,971       6.50 %     745       127,226  
2011 (4)
    890,314       4.95 %     885,326       4.94 %     488       884,838  
2012
    333,112       5.57 %     321,400       5.53 %     679       320,721  
2013
    283,412       5.69 %     279,347       5.63 %     841       278,506  
2014
    373,787       5.38 %     386,404       5.38 %     3,102       383,302  
2015
    200,596       6.04 %     209,821       5.60 %     1,124       208,697  
2016
    142,667       5.95 %     172,864       5.59 %     1,296       171,568  
2017
    28,779       5.58 %     33,523       5.51 %     1,456       32,067  
Thereafter
    119,837       6.90 %     150,323       6.04 %     30,792       119,531  
Subtotal
    2,859,702               2,936,966               55,261       2,881,705  
                                                 
Revolvers (5)
    255,000       6.06 %     255,000       6.06 %     255,000          
Other (6)
    50,357               50,383                       50,383  
Swap Maturities:
                                               
2014
                                    50,000       (50,000 )
2029
                                    (37,859 )     37,859  
Total
  $ 3,165,059       6.08 %   $ 3,242,349       6.07 %   $ 322,402     $ 2,919,947  
                                                 
                                                 
                                                 
(1) Includes $2.7 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 15

 


 
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       2.65 %     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
    30       1.41 %     693  
                                 
  5  
PUBLIX SUPER MARKETS, INC.
      21       1.21 %     734  
                                 
  6  
HOME DEPOT, INC.
      7       1.13 %     806  
                                 
  7  
OFFICE DEPOT, INC.
      25       0.99 %     502  
                                 
  8  
BLOCKBUSTER VIDEO
      53       0.93 %     273  
                                 
  9  
BARNES & NOBLE INC.
Barnes & Noble, Bookstop Booksellers
    12       0.90 %     283  
                                 
  10  
GAP, INC.
Gap, Old Navy, Banana Republic
    20       0.89 %     324  
                                 
  11  
CIRCUIT CITY
      9       0.88 %     324  
                                 
  12  
PETSMART, INC.
      17       0.80 %     326  
                                 
  13  
PETCO ANIMAL SUPPLIES, INC.
      23       0.77 %     264  
                                 
  14  
H E BUTT GROCERY
      6       0.74 %     385  
                                 
  15  
OFFICE MAX INC.
      12       0.63 %     269  
                                 
  16  
HARRIS TEETER
      6       0.58 %     287  
                                 
  17  
DOLLAR TREE STORES, INC.
Dollar Tree, Greenbacks
    30       0.57 %     301  
                                 
  18  
LINENS 'N THINGS, INC.
      10       0.57 %     251  
                                 
  19  
BED BATH & BEYOND, INC.
      16       0.57 %     303  
                                 
  20  
RALEY'S
Raley's Bel Air Markets
    6       0.56 %     331  
                                 
  21  
STAPLES
      11       0.55 %     258  
                                 
  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       0.50 %     436  
                                 
     
Total
      441       22.50 %     12,042  


 
Page 16

 


 
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
 
2008
      8.38 %     8.39 %     17.88 %     19.23 %     10.68 %     9.60 %
2009
      12.09 %     12.34 %     18.76 %     18.25 %     13.70 %     13.00 %
2010
      13.40 %     14.85 %     16.99 %     17.92 %     14.26 %     15.19 %
2011
      13.43 %     14.27 %     10.18 %     11.55 %     12.63 %     13.96 %
2012
      11.69 %     12.81 %     16.08 %     15.27 %     12.75 %     13.08 %
2013-2017       25.27 %     24.59 %     19.76 %     17.50 %     23.91 %     23.79 %
2018-2027       14.87 %     12.01 %     0.35 %     0.29 %     11.42 %     10.72 %
                                                     
                                                     
Leasing Production - New Leases and Renewals
                                 
                                                     
               
Number
           
Increase
                 
               
of Leases
   
Square Feet
   
in Base Rent
                 
Three Months Ended
                                                 
December 31, 2007
                                                 
Retail
              264       921       11.4 %                
Industrial
              49       758       9.8 %                
Total
              313       1,679       11.1 %                
                                                     
Three Months Ended
                                                 
December 31, 2006
                                                 
Retail
              234       1,029       9.8 %                
Industrial
              49       544       0.6 %                
Total
              283       1,573       8.2 %                
                                                     
Twelve Months Ended
                                                 
December 31, 2007
                                                 
Retail
              1,048       4,142       11.3 %                
Industrial
              213       2,865       6.0 %                
Total
              1,261       7,007       10.3 %                
                                                     
Twelve Months Ended
                                                 
December 31, 2006
                                                 
Retail
              1,060       3,794       8.6 %                
Industrial
              204       2,313       2.5 %                
Total
              1,264       6,107       7.5 %                
                                                     
                                                     
Average Minimum Rent per Square Foot
                                         
                                                     
          Quarter Ended          
       
December 31,
   
September 30,
   
June 30,
   
March 31,
   
December 31,
         
       
2007
   
2007
   
2007
   
2007
   
2006
         
                                                     
Retail
    $ 12.57     $ 12.37     $ 12.29     $ 12.14     $ 12.12          
Industrial
    $ 4.86     $ 4.90     $ 4.85     $ 4.98     $ 4.91          
                                                     
                                                     
Occupancy
      Quarter Ended          
       
December 31,
   
September 30,
   
June 30,
   
March 31,
   
December 31,
         
       
2007
   
2007
   
2007
   
2007
   
2006
         
                                                     
Shopping Center Portfolio
      95.1 %     95.2 %     95.6 %     95.4 %     95.0 %        
Industrial Portfolio
      92.0 %     94.5 %     94.6 %     90.8 %     91.2 %        
Total Portfolio
      94.4 %     95.1 %     95.3 %     94.4 %     94.1 %        
                                                     
Note: A space is considered occupied upon execution of a lease agreement.
                         


 
Page 17

 


 
Property Information
 
(in thousands at prorata share)
 
                               
                               
                               
                               
                               
Property Investment Summary
                             
         
New
   
Major
   
All
       
   
Acquisitions
   
Development
   
Repairs
   
Other
   
Total
 
                               
Twelve Months Ended 12/31/2007
  $ 565,427     $ 218,239     $ 18,236     $ 64,035     $ 865,938  
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 18

 


 
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
    303  
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
         
Tropicana Beltway Center
 
Las Vegas, NV
    246  
12/01/07
         
          2,288             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
           
Southpark Industrial Center
 
Clayton County, GA
    235  
10/03/07
           
Westlake Industrial
 
Atlanta, GA
    154  
10/03/07
           
          1,530             6.60 %
                           
Other
                         
                           
Arcadia Biltmore Plaza (1)
 
Phoenix, AZ
    24  
01/31/07
           
          24             5.60 %
                           
Subtotal - Wholly Owned Acquisitions
        3,842             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
           
Paradise Key (10%)
 
Destin, FL
    272  
10/31/07
           
          1,261             5.80 %
                           
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
        3,270             6.10 %
                           
Grand Total Acquisitions (Y-T-D)
        7,112      
$565,427
    6.20 %
                           
(1) Acquired office building, a portion of which will be use to house company personnel.
           


 
Page 19

 


Weingarten Realty Investors
 
Disposition Summary
 
(in thousands at prorata share)
 
                         
       
Sq. Ft.
of Bldg. Area
 
Date
 
Sales
   
Weighted 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
           
Puckett Plaza
 
Amarillo, TX
    135  
10/10/07
           
Ambassador Plaza
 
Lafayette, LA
    29  
10/26/07
           
Westwood Shopping Center
 
Shreveport, LA
    113  
11/13/07
           
Landmark Shopping Center
 
Houston, TX
    56  
12/17/07
           
Northtown Shopping Center
 
Lubbock, TX
    74  
12/19/07
           
Westbury Triangle Shopping Center
 
Houston, TX
    66  
12/21/07
           
Highlands Ranch University Park
 
Highlands Ranch, CO
    86  
12/28/07
           
Subtotal - Shopping Centers
        1,863               6.95 %
                             
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)
        2,105       $ 257,444       6.91 %
                               
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
               
Laveen Village Phase II
 
Phoenix, AZ
       
7/12/07
               
Mckinney Centre
 
McKinney, TX
       
7/12/07
               
Lake Pointe Market Center
 
Rowlett (Dallas), Texas
       
8/21/07
               
NW Freeway at Gessner
 
Houston, TX
       
8/31/07
               
Wilcrest Bissonnet
 
Houston, TX
       
9/4/07
               
Shoppes at Parkwood - IHOP
 
Mesa, AZ
       
10/1/07
               
Westover Square - Comfort Suites
 
San Antonio, TX
       
11/9/07
               
Shoppes at Parkwood - Twin Cactus
 
Mesa, AZ
       
12/7/07
               
Riverpointe Apartments
 
Conroe, TX
       
12/13/07
               
Village at Liberty Lake
 
Libertry Lake, WA
       
12/14/07
               
Westwood Center - Mamma Margie
 
San Antonio, TX
       
12/17/07
               
Clermont Landing
 
Clermont, FL
       
12/19/07
               
RidgewayTrace
 
Memphis, TN
       
12/20/07
               
North Towne Plaza
 
Brownsville, TX
       
12/28/07
               
Prien Lake Plaza
 
Lake Charles, LA
       
12/28/07
               
Rancho Encanto 2
 
Phoenix, AZ
       
12/28/07
               
Westover Square - Valero
 
San Antonio, TX
       
12/28/07
               
Westwood Center - Valero
 
San Antonio, TX
       
12/28/07
               
                               
Total Land and Merchant Development Sales (Y-T-D)
            $ 101,587          
                               
Grand Total
                $ 359,031          
                               
(1) Sold all except for 3 lots.
                             


 
Page 20

 


Weingarten Realty Investors
New Development Properties (By Stabilization)
(in thousands at prorata share, except percentages)
                                                     
                   
Total Square
                               
                   
Feet of
                 
Total
       
                   
Building
         
 Spent
     
Estimated
    Est.    
                   
Area (1)
 
Percent Leased
 
Year-To-
 
Spent
 
Investment
 
Final
 
Estimated
               
Percent
     
WRI’s
 
Net @
   Gross  
Date
 
Inception
 
(3)
 
ROI
 
Stabilization
   
Center Name
 
Location
 
Anchor
 
Ownership
 
Total
 
Share
 
100%
 
(1)
 
2007
 
To Date
 
WRI Costs
 
Gross Costs
 
%
 
Date
                                                         
 
 
Glenwood Meadows *
 
Glenwood Springs (Denver), Colorado
 
Target #
 
41%
 
403
 
114
 
91.0%
 
93.8%
 
 $           623
 
 $       11,890
 
 $    11,890
 
 $            29,000
     
4Q'07
 
 
Starr Plaza *
 
Rio Grande City, Texas
 
Beall's / H.E.B
 
50%
 
186
 
93
 
95.4%
 
95.4%
 
             248
 
          10,441
 
      10,441
 
               20,882
     
4Q'07
                                                         
   
2007 Stabilizations
             
589
 
207
 
92.8%
 
94.3%
 
             871
 
          22,331
 
      22,331
 
               49,882
       
                                                         
1
 
Raintree Ranch Center
 
Chandler (Phoenix), Arizona
 
Whole Foods
 
100%
 
140
 
137
 
93.7%
 
93.8%
 
         14,641
 
          27,786
 
      27,786
 
               27,786
     
1Q'08
2
 
Sharyland Towne Crossing *
 
Mission, Texas
 
Target # / H.E.B
 
50%
 
490
 
179
 
94.4%
 
95.9%
 
         11,617
 
          24,878
 
      25,434
 
               50,867
     
1Q'08
3
 
Village at Liberty Lake *
 
Liberty Lake (Spokane), Washington
 
Home Depot #
 
50%
 
10
 
5
 
100.0%
 
100.0%
 
            (713)
 
              175
 
           917
 
                 1,834
     
2Q'08
4
 
Colonial Landing
 
Orlando, Florida
 
PetsMart / Bed, Bath & Beyond
 
50%
 
267
 
133
 
93.8%
 
93.8%
 
           1,935
 
          12,987
 
      15,640
 
               31,279
     
3Q'08
5
 
Jess Ranch Marketplace *
 
Apple Valley (Los Angeles), California
 
Winco #
 
50%
 
308
 
107
 
86.1%
 
90.3%
 
         10,247
 
          13,447
 
      18,247
 
               36,493
     
4Q'08
6
 
Phillips Landing
 
Orlando, Florida
 
Wal-Mart #
 
100%
 
286
 
66
 
51.3%
 
88.7%
 
           7,238
 
          12,846
 
      15,366
 
               15,366
     
4Q'08
                                                         
   
2008 Stabilizations
             
1,501
 
628
 
89.8%
 
92.8%
 
         44,965
 
          92,119
 
     103,389
 
             163,625
       
                                                         
7
 
Market at Sharyland Place *
 
Mission, Texas
 
Kohl's
 
50%
 
113
 
56
 
81.0%
 
81.0%
 
             143
 
           1,821
 
        3,021
 
                 6,042
     
2009
8
 
Curry Ford
 
Orlando, Florida
 
N/A
 
100%
 
16
 
11
 
0.0%
 
30.9%
 
           1,917
 
           1,917
 
        2,773
 
                 2,773
     
2009
9
 
The Shoppes at Parkwood Ranch
 
Mesa (Phoenix), Arizona
 
Hobby Lobby
 
100%
 
121
 
108
 
64.4%
 
68.3%
 
           5,139
 
           5,139
 
      18,727
 
               18,727
     
2009
10
 
Phillips Crossing
 
Orlando, Florida
 
Whole Foods
 
100%
 
147
 
147
 
62.2%
 
62.2%
 
         12,190
 
          13,307
 
      25,016
 
               25,016
     
2009
11
 
Mohave Crossroads - PH I, II & III
 
Bullhead City, Arizona
 
Target # / Kohl's #
 
100%
 
430
 
233
 
45.1%
 
70.3%
 
         14,027
 
          14,027
 
      48,124
 
               48,124
     
2009
12
 
Clermont Landing
 
Clermont (Orlando), Florida
 
JC Penny #
 
55%
 
313
 
103
 
7.2%
 
44.4%
 
           7,309
 
           7,309
 
      17,551
 
               31,911
     
2009
13
 
Palm Coast Landing at Town Center
 
Palm Coast, Florida
 
Target #
 
50%
 
412
 
111
 
53.1%
 
74.6%
 
         10,249
 
          10,249
 
      20,494
 
               40,987
     
2009
14
 
Market at Nolana *
 
McAllen, Texas
 
Wal-Mart #
 
50%
 
263
 
30
 
30.9%
 
84.3%
 
           1,394
 
           4,270
 
        5,543
 
               11,085
     
2009
15
 
Waterford Village
 
Leland (Wilmington), North Carolina
 
Harris Teeter
 
75%
 
118
 
74
 
53.7%
 
61.5%
 
           1,494
 
           7,866
 
      11,249
 
               14,999
     
2009
16
 
Buckingham Square
 
Aurora (Denver), Colorado
 
Target #
 
50%
 
980
 
223
 
0.0%
 
54.5%
 
           3,973
 
          12,978
 
      17,940
 
               35,880
     
2009
                                                         
   
2009 Stabilizations
             
2,913
 
1,096
 
34.4%
 
63.4%
 
         57,835
 
          78,883
 
     170,437
 
             235,544
       
                                                         
17
 
Westwood Center
 
San Antonio, Texas
     
100%
 
91
 
91
 
0.0%
 
0.0%
 
         10,436
 
          10,436
 
      15,783
 
               15,783
     
2010
18
 
Jess Ranch Phase III *
 
Apple Valley (Los Angeles), California
 
Best Buy / Bed, Bath & Beyond
 
50%
 
194
 
97
 
71.3%
 
71.3%
 
           6,229
 
           6,229
 
      22,150
 
               44,300
     
2010
19
 
River Point at Sheridan *
 
Sheridan (Denver), Colorado
 
Target # / Costco #
 
50%
 
776
 
224
 
20.0%
 
53.9%
 
         (5,133)
 (2)
          15,507
 
      33,173
 
               66,346
     
2010
20
 
North Towne Plaza
 
Brownsville, Texas
 
Lowe's #
 
75%
 
297
 
127
 
0.0%
 
42.9%
 
           2,439
 
           7,824
 
      20,211
 
               26,948
     
2010
21
 
Gateway Station
 
Burleson (Fort Worth), Texas
 
Kohl's # / Conn's
 
70%
 
184
 
59
 
35.7%
 
70.6%
 
           1,574
 
           2,856
 
        9,675
 
               13,821
     
2010
22
 
Tomball Marketplace
 
Tomball (Houston), Texas
 
Academy #
 
100%
 
373
 
184
 
0.0%
 
50.7%
 
         10,456
 
          26,292
 
      32,790
 
               32,790
     
2010
23
 
North Sharyland Crossing  *
 
Mission, Texas
     
50%
 
320
 
72
 
0.0%
 
0.0%
 
               50
 
           3,656
 
        8,928
 
               17,855
     
2010
24
 
Decatur 215
 
Las Vegas, Nevada
 
Target #
 
50%
 
376
 
122
 
0.0%
 
35.1%
 
         14,953
 
          14,948
 
      39,849
 
               79,698
     
2010
25
 
Horne Street
 
Fort Worth, Texas
 
24 Hour Fitness
 
100%
 
55
 
55
 
72.7%
 
72.7%
 
           4,576
 
           4,576
 
      13,539
 
               13,539
     
2010
26
 
Ridgeway Trace
 
Memphis, Tennessee
 
Target #
 
100%
 
347
 
210
 
0.0%
 
39.7%
 
            (148)
 
          27,410
 
      66,575
 
               66,575
     
2010
27
 
Southern Pines Village
 
Southern Pines, North Carolina
     
100%
 
68
 
68
 
0.0%
 
0.0%
 
           8,862
 
           8,862
 
      15,985
 
               15,985
     
2010
28
 
Gladden Farms
 
Marana (Tucsan), Arizona
 
Fry's #
 
50%
 
173
 
32
 
0.0%
 
62.5%
 
           2,532
 
           2,532
 
        6,300
 
               12,599
     
2011
29
 
S. Fulton Town Center
 
Atlanta, Georgia
     
50%
 
435
 
129
 
0.6%
 
0.0%
 
         10,317
 
          10,317
 
      22,216
 
               44,432
     
2011
30
 
Surf City Crossing
 
Surf City (Wilmington), North Carolina
 
Harris Teeter
 
100%
 
71
 
71
 
68.8%
 
68.8%
 
           2,616
 
           5,910
 
        6,764
 
                 6,764
     
2011
31
 
Westover Square
 
San Antonio, Texas
 
All Pad Site
 
67%
 
0
 
0
 
0.0%
 
0.0%
 
            (697)
 
           2,357
 
             -
 
                      -
 (4)
   
2011
32
 
Stevens Ranch
 
San Antonio, Texas
     
50%
 
932
 
283
 
0.0%
 
0.0%
 
         20,300
 
          20,300
 
      40,888
 
               81,775
     
2013
                                                         
   
2010 & Beyond Stabilizations
         
4,692
 
1,824
 
12.2%
 
31.3%
 
         89,362
 
        170,012
 
     354,824
 
             539,210
       
                                                         
   
Total 32 properties Currently Under Development (5)
 
9,106
 
3,547
 
33.5%
 
51.7%
 
 $    192,162
 
 $     341,014
 
 $  628,650
 
 $          938,379
 
9.1%
   
                                                         
   
2007 Stabilizations
         
589
 
207 
 
92.8%
 
94.3%
 
$           871 
 
$       22,331
 
 $    22,331
 
 $           49,882 
 
9.8%
   
   
2008 - 2009 Stabilizations
         
4,414
 
1,724
 
56.2%
 
73.4%
 
 $    102,800
 
 $     171,002
 
 $  273,826
 
 $         399,169
 
9.5%
   
                                                         
   
*   Unconsolidated Joint Venture
   
#   Denotes anchors that are not owned by Weingarten
                                                         
   
(1)  Total  Building Area (Gross) square footage reflects 100% ownership including square feet owned by other.  WRI's share of building area (Net) square footage reflects WRI's ownership percentage excluding square feet owned by other.
   
(2)  Net of receipt of bond reimbursements
   
(3)  Net of expected proceeds not yet received from anchor and pad sales
   
(4)  WRI will not have an investment interest after pad sale considerations
    (5)  Excludes 14 parcels of land available for development totaling $63 million
   
Note:  Crabtree Towne Center, Festival Plaza-Helotes, Shoppes at Caveness Farms & Rock Prairie Marketplace have been removed and placed in land available for development


 
Page 21

 
 
 
Weingarten Realty Investors
 
Total Operating Income at Prorata Share by Geographic Region (1)
 
(in thousands, except percentages)
 
                                                             
                                                             
                                                             
   
Twelve Months Ended December 31,
   
Twelve Months Ended December 31,
 
   
2007
   
%
   
2006
   
%
   
2005
   
%
   
2004
   
%
   
2003
   
%
 
                                                             
Western Region
                                                           
California
  $ 38,319       13.5 %   $ 38,437       15.4 %   $ 36,715       15.6 %   $ 32,188       15.6 %   $ 26,178       14.9 %
Nevada
    22,483       7.9 %     19,791       7.9 %     16,949       7.2 %     13,208       6.4 %     11,862       6.7 %
Arizona
    16,894       6.0 %     10,232       4.1 %     9,926       4.2 %     8,648       4.2 %     8,038       4.6 %
Colorado
    7,283       2.6 %     7,478       3.0 %     6,211       2.6 %     6,253       3.0 %     3,423       1.9 %
New Mexico
    6,532       2.3 %     6,523       2.6 %     5,445       2.3 %     4,268       2.1 %     3,442       2.0 %
Utah
    2,383       0.8 %     2,224       0.9 %     2,014       0.9 %     1,763       0.9 %     (2 )     0.0 %
Oregon
    805       0.3 %     34       0.0 %     -       0.0 %     -       0.0 %     -       0.0 %
Washington
    1,064       0.4 %     207       0.1 %     -       0.0 %     -       0.0 %     -       0.0 %
Total Western Region
    95,763       33.8 %     84,926       34.0 %     77,260       32.8 %     66,328       32.2 %     52,941       30.1 %
                                                                                 
Central Region
                                                                               
Texas
  $ 76,294       27.0 %   $ 76,215       30.5 %   $ 80,032       34.1 %   $ 71,786       34.7 %   $ 73,680       41.9 %
Louisiana
    7,683       2.7 %     6,388       2.6 %     7,810       3.3 %     11,215       5.4 %     6,340       3.6 %
Kansas
    1,291       0.5 %     1,241       0.5 %     1,049       0.4 %     1,548       0.7 %     1,785       1.0 %
Arkansas
    2,195       0.8 %     2,183       0.9 %     3,481       1.5 %     1,823       0.9 %     1,288       0.7 %
Mississippi
    -       0.0 %     (6 )     0.0 %     (1 )     0.0 %     -       0.0 %     (15 )     0.0 %
Illinois
    1,582       0.6 %     -       0.0 %     -       0.0 %     -       0.0 %     -       0.0 %
Missouri
    1,092       0.4 %     1,238       0.5 %     1,334       0.6 %     1,383       0.7 %     1,425       0.8 %
Oklahoma
    561       0.2 %     513       0.2 %     436       0.2 %     585       0.3 %     540       0.3 %
Total Central Region
    90,698       32.2 %     87,772       35.2 %     94,141       40.1 %     88,340       42.7 %     85,043       48.3 %
                                                                                 
Eastern Region
                                                                               
Florida
  $ 50,419       17.8 %   $ 41,810       16.7 %   $ 34,012       14.5 %   $ 30,223       14.6 %   $ 23,811       13.5 %
North Carolina
    19,620       6.9 %     17,273       6.9 %     14,073       6.0 %     11,038       5.3 %     8,398       4.8 %
Virginia
    1,207       0.4 %     -       0.0 %     -       0.0 %     -       0.0 %     -       0.0 %
South Carolina
    171       0.1 %     154       0.1 %     -       0.0 %     -       0.0 %     -       0.0 %
Georgia
    15,916       5.6 %     8,864       3.5 %     7,016       3.1 %     5,022       2.4 %     2,097       1.3 %
Tennessee
    4,525       1.6 %     5,069       2.0 %     4,313       1.9 %     3,949       1.9 %     3,357       1.9 %
Kentucky
    4,571       1.5 %     4,112       1.5 %     3,441       1.5 %     1,508       0.7 %     -       0.0 %
Maine
    160       0.1 %     224       0.1 %     350       0.1 %     318       0.2 %     89       0.1 %
Total Eastern Region
    96,589       34.0 %     77,506       30.8 %     63,205       27.1 %     52,058       25.1 %     37,752       21.6 %
                                                                                 
Total Operating Income
  $ 283,050       100.0 %   $ 250,204       100.0 %   $ 234,606       100.0 %   $ 206,726       100.0 %   $ 175,736       100.0 %
                                                                                 
                                                                                 
                                                                                 
(1) The Operating Income at Prorata Share includes the real estate operations of joint ventures at WRI's ownership percentages ranging from 7.8% 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 22

 


Weingarten Realty Investors
 
Average Base Rents by CBSA
 
December 31, 2007
 
In Thousands, except per square foot amounts
 
Economics reflect WRI's prorata ownership interest
 
                                                       
                     
Occupied
   
Annualized
   
Avg. Base
   
Occupied
   
Annualized
   
Avg. Base
 
                     
SF
   
Rents
   
Rents
   
SF
   
Rents
   
Rents
 
   
# of
                         
   
Properties
   
GLA
   
Total ABR
   
Greater than 10K SF
   
Less than 10K SF
 
Retail
                                                     
West Region
                                                     
Flagstaff, AZ
    1       166     $ 10.17       126     $ 987     $ 7.83       40     $ 697     $ 17.63  
Phoenix-Mesa-Scottsdale, AZ
    16       1,283     $ 14.40       645     $ 5,619     $ 8.71       502     $ 10,897     $ 21.71  
Tucson, AZ
    5       728     $ 12.72       506     $ 4,777     $ 9.45       161     $ 3,700     $ 23.01  
Arizona
    22       2,178     $ 13.48       1,277     $ 11,383     $ 8.91       702     $ 15,294     $ 21.78  
Los Angeles-Long Beach et al, CA
    4       644     $ 17.49       416     $ 5,880     $ 14.13       170     $ 4,376     $ 25.71  
Madera, CA
    1       85     $ 12.51       52     $ 484     $ 9.29       26     $ 487     $ 19.09  
Modesto, CA
    1       79     $ 15.17       47     $ 515     $ 10.84       31     $ 680     $ 21.76  
Redding, CA
    1       121     $ 15.53       65     $ 552     $ 8.56       54     $ 1,287     $ 23.90  
Riverside et al, CA
    3       525     $ 17.97       244     $ 2,536     $ 10.41       207     $ 5,562     $ 26.86  
Sacramento--Arden et al, CA
    5       630     $ 12.40       342     $ 1,901     $ 5.56       255     $ 5,494     $ 21.59  
San Diego-Carlsbad et al, CA
    3       267     $ 19.79       115     $ 1,248     $ 10.84       110     $ 3,217     $ 29.12  
San Francisco-Oakland et al, CA
    3       447     $ 20.29       246     $ 3,345     $ 13.62       178     $ 5,251     $ 29.49  
San Jose-Sunnyvale et al, CA
    2       146     $ 18.39       66     $ 421     $ 6.40       71     $ 2,099     $ 29.46  
Santa Cruz-Watsonville, CA
    1       150     $ 8.59       93     $ 466     $ 5.00       47     $ 738     $ 15.71  
Santa Rosa-Petaluma, CA
    1       199     $ 11.20       162     $ 1,368     $ 8.45       33     $ 818     $ 24.57  
Vallejo-Fairfield, CA
    3       364     $ 14.80       180     $ 1,139     $ 6.34       153     $ 3,789     $ 24.73  
California
    28       3,657     $ 15.95       2,027     $ 19,855     $ 9.79       1,336     $ 33,798     $ 25.30  
Colorado Springs, CO
    2       297     $ 8.84       243     $ 1,789     $ 7.36       50     $ 798     $ 16.08  
Denver-Aurora, CO
    7       599     $ 16.21       307     $ 3,685     $ 12.00       242     $ 5,218     $ 21.54  
None
    1       111     $ 10.49       87     $ 640     $ 7.39       21     $ 488     $ 23.33  
Colorado
    10       1,006     $ 13.29       637     $ 6,114     $ 9.60       313     $ 6,504     $ 20.80  
Las Vegas-Paradise, NV
    13       2,895     $ 12.85       2,052     $ 18,459     $ 9.00       731     $ 17,308     $ 23.68  
Nevada
    13       2,895     $ 12.85       2,052     $ 18,459     $ 9.00       731     $ 17,308     $ 23.68  
Albuquerque, NM
    4       502     $ 15.06       335     $ 4,133     $ 12.33       166     $ 3,414     $ 20.56  
Santa Fe, NM
    1       250     $ 11.65       155     $ 1,319     $ 8.53       86     $ 1,481     $ 17.27  
New Mexico
    5       752     $ 13.95       490     $ 5,452     $ 11.13       252     $ 4,895     $ 19.44  
Portland-Vancouver et al, OR-WA
    3       120     $ 13.41       66     $ 555     $ 8.45       53     $ 1,040     $ 19.53  
Oregon
    3       120     $ 13.41       66     $ 555     $ 8.45       53     $ 1,040     $ 19.53  
Provo-Orem, UT
    1       30     $ 14.97       12     $ 158     $ 13.43       18     $ 283     $ 15.99  
Salt Lake City, UT
    2       276     $ 12.23       188     $ 1,906     $ 10.16       84     $ 1,422     $ 16.85  
Utah
    3       307     $ 12.50       200     $ 2,065     $ 10.35       102     $ 1,705     $ 16.70  
Seattle-Tacoma-Bellevue, WA
    4       82     $ 16.43       64     $ 923     $ 14.48       16     $ 387     $ 24.25  
Washington
    4       82     $ 16.43       64     $ 923     $ 14.48       16     $ 387     $ 24.25  
Total West Region
    88       10,996     $ 14.13       6,812     $ 64,807     $ 9.51       3,505     $ 80,931     $ 23.09  
Central Region
                                                                       
Little Rock-N. Little Rock, AR
    3       358     $ 8.47       298     $ 2,194     $ 7.36       46     $ 717     $ 15.70  
Arkansas
    3       358     $ 8.47       298     $ 2,194     $ 7.36       46     $ 717     $ 15.70  
Chicago et al, IL-IN-WI
    1       304     $ 11.55       268     $ 2,647     $ 9.87       35     $ 858     $ 24.38  
Illinois
    1       304     $ 11.55       268     $ 2,647     $ 9.87       35     $ 858     $ 24.38  
Kansas City, MO-KS
    1       135     $ 9.51       76     $ 601     $ 7.89       38     $ 483     $ 12.77  
Topeka, KS
    1       116     $ 11.26       116     $ 1,303     $ 11.26       0     $ 0     $ 0.00  
Kansas
    2       251     $ 10.39       192     $ 1,904     $ 9.92       38     $ 483     $ 12.77  
Baton Rouge, LA
    1       155     $ 15.64       69     $ 728     $ 10.61       84     $ 1,658     $ 19.77  
De Ridder, LA
    1       131     $ 5.60       36     $ 127     $ 3.50       50     $ 353     $ 7.13  
Hammond, LA
    1       226     $ 6.70       135     $ 568     $ 4.19       89     $ 938     $ 10.53  


 
Page 23

 
 


Weingarten Realty Investors
 
Average Base Rents by CBSA
 
December 31, 2007
 
In Thousands, except per square foot amounts
 
Economics reflect WRI's prorata ownership interest
 
                                                       
                     
Occupied
   
Annualized
   
Avg. Base
   
Occupied
   
Annualized
   
Avg. Base
 
                     
SF
   
Rents
   
Rents
   
SF
   
Rents
   
Rents
 
   
# of
                         
   
Properties
   
GLA
   
Total ABR
   
Greater than 10K SF
   
Less than 10K SF
 
Lafayette, LA
    2       163     $ 9.61       73     $ 561     $ 7.67       80     $ 907     $ 11.39  
Lake Charles, LA
    5       482     $ 6.51       314     $ 1,538     $ 4.89       103     $ 1,177     $ 11.48  
Monroe, LA
    1       141     $ 5.50       87     $ 293     $ 3.37       55     $ 485     $ 8.88  
New Orleans-Metairie-Kenner, LA
    1       138     $ 14.45       78     $ 744     $ 9.51       75     $ 1,472     $ 19.59  
Shreveport-Bossier City, LA
    1       45     $ 15.91       27     $ 357     $ 13.43       13     $ 280     $ 20.81  
Louisiana
    13       1,481     $ 8.91       819     $ 4,915     $ 6.00       548     $ 7,270     $ 13.27  
St. Louis, MO-IL
    2       229     $ 9.44       136     $ 1,100     $ 8.10       49     $ 649     $ 13.14  
Missouri
    2       229     $ 9.44       136     $ 1,100     $ 8.10       49     $ 649     $ 13.14  
Oklahoma City, OK
    2       172     $ 7.18       107     $ 580     $ 5.40       48     $ 536     $ 11.17  
Oklahoma
    2       172     $ 7.18       107     $ 580     $ 5.40       48     $ 536     $ 11.17  
Amarillo, TX
    3       371     $ 8.96       147     $ 833     $ 5.67       154     $ 1,865     $ 12.07  
Austin-Round Rock, TX
    1       227     $ 15.68       82     $ 898     $ 10.91       145     $ 2,662     $ 18.39  
Beaumont-Port Arthur, TX
    8       413     $ 8.86       176     $ 802     $ 4.55       161     $ 2,186     $ 13.59  
College Station-Bryan, TX
    1       107     $ 10.70       86     $ 916     $ 10.66       15     $ 163     $ 10.90  
Corpus Christi, TX
    2       490     $ 12.73       281     $ 2,709     $ 9.64       181     $ 3,182     $ 17.53  
Dallas-Fort Worth-Arlington, TX
    9       1,307     $ 11.79       654     $ 5,685     $ 8.69       483     $ 7,718     $ 15.97  
Houston-Baytown-Sugar Land, TX
    63       6,981     $ 11.91       4,037     $ 34,225     $ 8.48       2,265     $ 40,850     $ 18.04  
Killeen-Temple-Fort Hood, TX
    1       115     $ 11.92       98     $ 1,033     $ 10.52       17     $ 340     $ 19.97  
Laredo, TX
    2       377     $ 13.77       260     $ 2,922     $ 11.26       107     $ 2,124     $ 19.86  
Lubbock, TX
    2       182     $ 8.39       143     $ 923     $ 6.44       39     $ 604     $ 15.60  
Lufkin, TX
    1       257     $ 6.99       170     $ 856     $ 5.04       34     $ 569     $ 16.79  
McAllen-Edinburg-Pharr, TX
    7       468     $ 11.31       357     $ 3,368     $ 9.44       76     $ 1,525     $ 20.07  
Rio Grande City, TX
    1       88     $ 11.30       76     $ 788     $ 10.42       12     $ 201     $ 16.90  
San Antonio, TX
    6       749     $ 10.94       471     $ 3,628     $ 7.70       232     $ 4,068     $ 17.53  
Texarkana, TX-Texarkana, AR
    1       97     $ 3.86       44     $ 100     $ 2.29       28     $ 178     $ 6.29  
Tyler, TX
    1       60     $ 8.13       33     $ 212     $ 6.35       16     $ 192     $ 11.78  
Texas
    109       12,289     $ 11.58       7,115     $ 59,897     $ 8.42       3,966     $ 68,428     $ 17.25  
Total Central Region
    132       15,084     $ 11.14       8,936     $ 73,238     $ 8.20       4,730     $ 78,941     $ 16.69  
East Region
                                                                       
Fort Walton Beach et al, FL
    2       70     $ 15.40       50     $ 675     $ 13.47       14     $ 318     $ 22.16  
Jacksonville, FL
    1       304     $ 9.07       250     $ 1,808     $ 7.23       52     $ 930     $ 18.00  
Miami-Fort Lauderdale et al, FL
    15       2,129     $ 14.55       1,245     $ 12,196     $ 9.80       801     $ 17,565     $ 21.93  
Orlando, FL
    12       1,575     $ 14.40       1,033     $ 11,895     $ 11.52       433     $ 9,222     $ 21.29  
Palm Bay-Melbourne et al, FL
    3       182     $ 8.76       106     $ 618     $ 5.82       66     $ 890     $ 13.50  
Port St. Lucie-Fort Pierce, FL
    1       50     $ 10.89       43     $ 381     $ 8.91       6     $ 147     $ 25.75  
Punta Gorda, FL
    2       25     $ 18.08       15     $ 215     $ 14.34       9     $ 223     $ 24.15  
Sarasota-Bradenton-Venice, FL
    1       97     $ 10.45       46     $ 324     $ 7.13       44     $ 611     $ 13.88  
Tampa-St. Petersburg et al, FL
    4       924     $ 12.97       577     $ 5,429     $ 9.40       331     $ 6,358     $ 19.20  
Florida
    41       5,357     $ 13.63       3,365     $ 33,542     $ 9.97       1,756     $ 36,264     $ 20.65  
Atlanta-Sandy Springs et al, GA
    14       1,759     $ 13.73       1,119     $ 11,480     $ 10.26       526     $ 11,112     $ 21.11  
Gainesville, GA
    1       78     $ 12.73       46     $ 427     $ 9.35       20     $ 407     $ 20.51  
Georgia
    15       1,837     $ 13.69       1,165     $ 11,907     $ 10.22       546     $ 11,519     $ 21.09  
Lexington-Fayette, KY
    3       429     $ 13.56       207     $ 1,820     $ 8.80       206     $ 3,775     $ 18.34  
Louisville, KY-IN
    1       169     $ 11.69       73     $ 599     $ 8.17       64     $ 1,010     $ 15.71  
Kentucky
    4       597     $ 13.09       280     $ 2,419     $ 8.64       270     $ 4,785     $ 17.72  
Lewiston-Auburn, ME
    1       154     $ 6.79       54     $ 355     $ 6.60       36     $ 255     $ 7.08  
Maine
    1       154     $ 6.79       54     $ 355     $ 6.60       36     $ 255     $ 7.08  
Charlotte-Gastonia et al, NC-SC
    4       319     $ 17.35       154     $ 2,099     $ 13.67       137     $ 2,949     $ 21.46  
Durham, NC
    6       342     $ 10.85       176     $ 1,566     $ 8.88       124     $ 1,696     $ 13.64  
Raleigh-Cary, NC
    14       1,703     $ 11.16       1,035     $ 7,631     $ 7.37       589     $ 10,495     $ 17.82  
Southern Pines-Pinehurst, NC
    1       250     $ 8.30       174     $ 979     $ 5.63       74     $ 1,079     $ 14.56  
North Carolina
    25       2,614     $ 11.57       1,539     $ 12,276     $ 7.98       925     $ 16,219     $ 17.54  
Hilton Head Island-Beaufort, SC
    1       22     $ 14.11       5     $ 45     $ 8.50       14     $ 223     $ 16.25  
South Carolina
    1       22     $ 14.11       5     $ 45     $ 8.50       14     $ 223     $ 16.25  



 
Page 24

 


 
Weingarten Realty Investors
 
Average Base Rents by CBSA
 
December 31, 2007
 
In Thousands, except per square foot amounts
 
Economics reflect WRI's prorata ownership interest
 
                                                       
                     
Occupied
   
Annualized
   
Avg. Base
   
Occupied
   
Annualized
   
Avg. Base
 
                     
SF
   
Rents
   
Rents
   
SF
   
Rents
   
Rents
 
   
# of
                         
   
Properties
   
GLA
   
Total ABR
   
Greater than 10K SF
   
Less than 10K SF
 
Memphis, TN-MS-AR
    6       651     $ 10.62       421     $ 3,525     $ 8.38       159     $ 2,627     $ 16.54  
Tennessee
    6       651     $ 10.62       421     $ 3,525     $ 8.38       159     $ 2,627     $ 16.54  
Total East Region
    93       11,232     $ 12.91       6,828     $ 64,069     $ 9.38       3,706     $ 71,893     $ 19.40  
Total Retail
    313       37,312     $ 12.57       22,576     $ 202,113     $ 8.95       11,940     $ 231,765     $ 19.41  
                                                                         
Industrial
                                                                       
West Region
                                                                       
San Diego-Carlsbad et al, CA
    1       145     $ 6.53       112     $ 716     $ 6.37       2     $ 27     $ 17.45  
California
    1       145     $ 6.53       112     $ 716     $ 6.37       2     $ 27     $ 17.45  
Total West Region
    1       145     $ 6.53       112     $ 716     $ 6.37       2     $ 27     $ 17.45  
Central Region
                                                                       
Austin-Round Rock, TX
    7       486     $ 9.38       86     $ 815     $ 9.51       363     $ 3,397     $ 9.35  
Dallas-Fort Worth-Arlington, TX
    16       2,454     $ 4.72       1,679     $ 6,705     $ 3.99       556     $ 3,846     $ 6.91  
Houston-Baytown-Sugar Land, TX
    30       3,557     $ 5.35       2,563     $ 12,462     $ 4.86       673     $ 4,851     $ 7.20  
San Antonio, TX
    3       545     $ 5.29       296     $ 1,520     $ 5.14       199     $ 1,096     $ 5.50  
Texas
    56       7,041     $ 5.41       4,623     $ 21,503     $ 4.65       1,792     $ 13,190     $ 7.36  
Total Central Region
    56       7,041     $ 5.41       4,623     $ 21,503     $ 4.65       1,792     $ 13,190     $ 7.36  
East Region
                                                                       
Lakeland, FL
    2       768     $ 4.33       708     $ 3,067     $ 4.33       0     $ 0     $ 0.00  
Tampa-St. Petersburg et al, FL
    3       896     $ 4.28       819     $ 3,482     $ 4.25       17     $ 94     $ 5.48  
Florida
    5       1,665     $ 4.30       1,527     $ 6,548     $ 4.29       17     $ 94     $ 5.48  
Atlanta-Sandy Springs et al, GA
    10       1,610     $ 3.82       1,182     $ 4,501     $ 3.81       21     $ 93     $ 4.49  
Georgia
    10       1,610     $ 3.82       1,182     $ 4,501     $ 3.81       21     $ 93     $ 4.49  
Memphis, TN-MS-AR
    3       685     $ 2.67       641     $ 1,712     $ 2.67       0     $ 0     $ 0.00  
Tennessee
    3       685     $ 2.67       641     $ 1,712     $ 2.67       0     $ 0     $ 0.00  
Richmond, VA
    9       788     $ 4.56       713     $ 3,215     $ 4.51       6     $ 66     $ 11.12  
Virginia
    9       788     $ 4.56       713     $ 3,215     $ 4.51       6     $ 66     $ 11.12  
Total East Region
    27       4,747     $ 3.95       4,063     $ 15,976     $ 3.93       44     $ 254     $ 5.77  
Total Industrial
    84       11,933     $ 4.86       8,798     $ 38,195     $ 4.34       1,838     $ 13,472     $ 7.33  
                                                   
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 25

 
Weingarten Realty Investors
Property Listing at December 31, 2007
 
 
Gross Leasable Area
 
ALL PROPERTIES BY STATE
 
# of Properties
 
WRI Owned
 
Joint Venture Share
 
Owned by Other
 
Total
 
Arizona
 
26
 
2,372,074
 
5,842
 
1,134,002
 
3,511,919
Arkansas
 
3
 
357,740
 
-
 
-
 
357,740
California
 
30
 
3,858,004
 
812,506
 
551,304
 
5,221,813
Colorado
 
12
 
1,033,273
 
773,449
 
1,328,736
 
3,135,456
Florida
 
50
 
7,197,115
 
2,136,682
 
1,287,288
 
10,621,084
Georgia
 
24
 
3,448,104
 
694,056
 
892,003
 
5,034,164
Illinois
 
1
 
303,566
 
-
 
-
 
303,566
Kansas
 
2
 
250,855
 
-
 
-
 
250,855
Kentucky
 
4
 
597,489
 
-
 
76,410
 
673,899
Louisiana
 
15
 
1,481,439
 
430,808
 
976,172
 
2,888,420
Maine
 
1
 
153,776
 
51,258
 
-
 
205,034
Missouri
 
2
 
229,182
 
28,267
 
-
 
257,449
Nevada
 
13
 
2,894,975
 
-
 
625,737
 
3,520,712
New Mexico
 
6
 
1,021,865
 
-
 
396,750
 
1,418,615
North Carolina
 
27
 
2,683,260
 
147,005
 
742,374
 
3,572,639
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
 
137,740
 
1,928,931
Texas
 
167
 
19,782,773
 
3,043,987
 
2,891,221
 
25,717,977
Utah
 
3
 
306,638
 
60,772
 
296,357
 
663,767
Virginia
 
9
 
788,083
 
1,607,139
 
-
 
2,395,222
Washington
 
5
 
81,877
 
327,505
 
198,220
 
607,602
Grand Total
 
415
 
50,491,216
 
10,729,982
 
11,596,914
 
72,818,107
Total Retail
 
335
 
38,360,286
 
5,549,679
 
11,596,914
 
55,506,874
Total Industrial
 
77
 
11,970,613
 
5,180,303
 
-
 
17,150,916
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 26

 
 
Weingarten Realty Investors
Property Listing at December 31, 2007
 
 
Gross Leasable Area
 
Center
 
Location
 
Anchors
 
WRI Owned %
 
Foot Notes
 
WRI Owned
 
Joint Venture Share
 
Owned by 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 Bath & Beyond (O.B.O.)
 
100.0%
     
29,834
 
0
 
146,624
 
176,458
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 Parkway, Scottsdale
 
Baja Fresh Mexican Grill
 
100.0%
     
10,337
 
0
 
0
 
10,337
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., Tucson
 
Osco Drug (O.B.O.), Carondelet Health Care Corp., Leslie Pools
 
100.0%
     
43,928
 
0
 
21,851
 
65,779
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%
     
130,856
 
0
 
0
 
130,856
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 (O.B.O.)
 
100.0%
     
121,334
 
0
 
131,468
 
252,802
Ralphs Redondo
 
Hawthorne Blvd. at 182nd St., Redondo Beach
 
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 27

 

Weingarten Realty Investors
Property Listing at December 31, 2007
 
 
Gross Leasable Area
 
Center
 
Location
 
Anchors
 
WRI Owned %
 
Foot Notes
 
WRI Owned
 
Joint Venture Share
 
Owned by 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, Sacramento
 
Raley's +
 
100.0%
     
98,240
 
0
 
5,365
 
103,605
Silver Creek Plaza
 
E. Capital Expressway at Silver Creek Blvd., San Jose
 
Safeway +, Walgreen’s, Orchard Supply (O.B.O.)
 
100.0%
     
134,179
 
0
 
65,000
 
199,179
Tully Corners Shopping Center
 
Tully Rd at Quimby Rd, San Jose
 
Food Maxx +, Petco, Party City
 
10.0%
 
(1)(3)
 
11,599
 
104,393
 
0
 
115,992
Greenhouse Marketplace
 
Lewelling Blvd. at Washington Ave., San Leandro
 
Safeway + (O.B.O.), Longs Drug Stores (O.B.O.), Big Lots, 99 Cents Only, Factory 2 U
 
100.0%
     
152,095
 
0
 
86,569
 
238,664
Rancho San Marcos Village
 
San Marcos Blvd. at Rancho Santa Fe Rd., San Marcos
 
Von’s + , 24 Hour Fitness
 
100.0%
     
120,829
 
0
 
0
 
120,829
San Marcos Plaza
 
San Marcos Blvd. at Rancho Santa Fe Rd., San Marcos
 
Albertsons + (O.B.O.)
 
100.0%
     
35,880
 
0
 
45,206
 
81,086
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., Westminster
 
Albertsons +, Home Depot, Edward’s Cinema, Rite Aid, Petco
 
100.0%
     
411,278
 
0
 
0
 
411,278
California Total:
 
 
# of Properties: 27
 
 
 
 
 
 
 
3,585,951
 
104,393
 
457,608
 
4,147,952
Colorado
                               
Aurora City Place
 
E. Alameda at I225, Aurora
 
PetsMart, Sportsman Warehouse, Linens ‘N Things, Barnes & Noble, Comp USA, Ross Dress For Less, Super Target + (O.B.O.), Pier 1 Imports
 
50.0%
 
(1)(3)
 
182,642
 
182,642
 
182,000
 
547,283
Academy Place
 
Academy Blvd. at Union Blvd., Colorado Springs
 
Safeway + (O.B.O.), Ross Dress For Less, Target (O.B.O.)
 
100.0%
     
84,057
 
0
 
177,362
 
261,419
Uintah Gardens
 
NEC 19th St. at West Uintah, Colorado Springs
 
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 Imports, Cost Plus, Linens ‘N Things
 
50.0%
 
(1)(3)
 
38,370
 
38,370
 
52,700
 
129,439
CityCenter Englewood
 
S. Santa Fe at Hampden Ave., Englewood
 
Wal-Mart (O.B.O.), Ross Dress for Less, Gart Sports, Office Depot, Bally Total Fitness, Petco
 
51.0%
 
(1)
 
137,977
 
132,566
 
90,000
 
360,543
Glenwood Meadows    
 
Midland Ave. at W. Meadows, Glenwood Springs
  Target (O.B.O.), Pier 1 Imports, The Sports Authority, Bed Bath & Beyond, Petco, Lowe's   41.0%    (1)(3)    110,950    159,646    125,174    395,760 
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 Imports, Cost Plus, Linens ‘N Things
 
51.0%
 
(1)
 
108,186
 
103,944
 
174,000
 
386,130
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
 
 
 
 
 
 
 
1,066,454
 
746,630
 
859,236
 
2,612,318
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+, T.J. Maxx, 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, Sports Authority, Old Navy
 
100.0%
     
275,910
 
0
 
0
 
275,910
Embassy Lakes
 
Sheraton St. at Hiatus Rd., Cooper City
 
Winn Dixie +, Walgreen’s, Tuesday Morning
 
100.0%
     
131,723
 
0
 
48,214
 
179,937
Paradise Key
 
US Highway 98 and Mid Bay Bridge Rd, Destin
 
Publix +, Ross Dress for Less, Stein Mart, Bed Bath & Beyond, Old Navy
 
10.0%
 
(1)(3)
 
27,178
 
244,599
 
0
 
271,777
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 Beach
 
Beall's, Publix +
 
25.0%
 
(1)(3)
 
40,880
 
122,641
 
0
 
163,521
Argyle Village
 
Blanding at Argyle Forest Blvd., Jacksonville
 
Bed Bath & Beyond, Publix +, T.J. Maxx, Babies “R” Us, Jo-Ann’s Fabrics, Michael's
 
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,  Staples, Michael’s, Target (O.B.O.), Albertsons + (O.B.O.)
 
100.0%
     
377,757
 
0
 
197,631
 
575,388

 
Page 28

 

Weingarten Realty Investors
Property Listing at December 31, 2007
 
 
Gross Leasable Area
 
Center
 
Location
 
Anchors
 
WRI Owned %
 
Foot Notes
 
WRI Owned
 
Joint Venture Share
 
Owned by Other
 
Total
 
Palm Lakes Plaza
 
Atlantic Boulevard and Rock Island Road, Maragate
 
Publix +, CVS/pharmacy
 
20.0%
 
 
(1)(3)
 
 
23,280
 
 
93,122
 
 
0
 
 
116,402
 
Lake Washington Crossing
 
Wickham Rd. at Lake Washington Rd., Melbourne
 
Publix +, Beall’s Outlet Stores
 
25.0%
 
(1)(3)
 
29,707
 
89,121
 
0
 
118,828
Lake Washington Square
 
Wickham Rd. at Lake Washington Rd., Melbourne
 
Albertsons +, Tuesday Morning
 
100.0%
     
111,811
 
0
 
0
 
111,811
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 Park
 
Publix +, Petco, Ross Dress for Less, Anna's Linen
 
100.0%
     
236,170
 
0
 
0
 
236,170
Colonial Plaza
 
E. Colonial Dr. at Primrose Dr., Orlando
 
Staples, Circuit City, Ross Dress for Less, Linens ‘N Things, Babies “R” Us, Marshall’s, Old Navy, SteinMart, Barnes & Noble, Petco
 
100.0%
     
496,628
 
0
 
0
 
496,628
International Drive Value 
Center
 
International Drive and Touchstone Drive, Orlando
 
Bed Bath & Beyond, Ross, T.J. Maxx, Old Navy
 
20.0%
 
(1)(3)
 
37,133
 
148,531
 
0
 
185,664
Market at Southside
 
Michigan Ave. at Delaney Ave., Orlando
 
Ross Dress for Less, Beall’s Outlet Stores, Dollar Tree, Albertsons + (O.B.O.)
 
100.0%
     
95,208
 
0
 
64,627
 
159,835
The Marketplace at Dr. Phillips
 
Dr. Phillips Boulevard and Sand Lake Road, Orlando
 
Albertsons +, Stein Mart, Office Depot, Home Goods, Morton's of Chicago
 
20.0%
 
(1)(3)
 
65,250
 
261,000
 
0
 
326,250
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 Harbor
 
Publix, Walgreens
 
20.0%
 
(1)(3)
 
28,021
 
112,082
 
0
 
140,103
Shoppes at Parkland
 
Hillsboro Boulevard at State Road #7, Parkland
 
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 Pines
 
Publix +
 
100.0%
     
69,475
 
0
 
0
 
69,475
Vizcaya Square
 
Nob Hill Rd. at Cleary Blvd., Plantation
 
Winn Dixie +, Blockbuster
 
100.0%
     
112,410
 
0
 
0
 
112,410
Quesada Commons
 
Quesada Avenue and Toledo Blade Boulevard, Port Charlotte
 
Publix +
 
25.0%
 
(1)(3)
 
14,722
 
44,168
 
0
 
58,890
Shoppes of Port Charlotte
 
Toledo Blade Boulevard and Tamiami Trail, Port Charlotte
 
Petco
 
25.0%
 
(1)(3)
 
10,253
 
30,758
 
0
 
41,011
Marketplace at Seminole Towne Center
 
Central Florida Greenway and Rinehart Road, Sanford
 
Circuit City, Sports Authority, DSW, Marshalls, Old Navy, Linens 'N Things, Petco, Cost Plus, Super Target + (O.B.O.)
 
100.0%
     
308,761
 
0
 
185,000
 
493,761
Pineapple Commons
 
Us Highway 1 and Britt Rd.
 
Best Buy, Ross, Linens 'N Things, PetsMart, Ashley Furniture
 
20.0%
 
(1)(3)
 
49,803
 
199,211
 
0
 
249,014
Sunrise West Shopping Center
 
West Commercial Drive and NW 91st Avenue, Sunrise
 
Publix +
 
25.0%
 
(1)(3)
 
19,080
 
57,241
 
0
 
76,321
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:  39
 
 
 
 
 
 
 
5,191,503
 
1,925,283
 
783,822
 
7,900,608
Georgia
                               
Lakeside Marketplace
 
Cobb Parkway (US Hwy 41), Acworth
 
Ross Dress for Less, Circuit City, Petco, Office Max, Books A Million, Super Target + (O.B.O)
 
100.0%
     
147,688
 
0
 
174,000
 
321,688
Mansell Crossing
 
North Point Parkway at Mansell Rd
 
Ross, Bed Bath & Beyond, Rooms to Go
 
20.0%
 
(1)(3)
 
20,586
 
82,345
 
0
 
102,931
Camp Creek Marketplace II
 
Camp Creek Parkway and Carmla Drive, Atlanta
 
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, Dallas
 
Kroger + (O.B.O.)
 
100.0%
     
25,158
 
0
 
70,104
 
95,262
Reynolds Crossing
 
Steve Reynolds and Old North Cross Rd., Duluth
 
Kroger + (O.B.O.)
 
100.0%
     
45,758
 
0
 
70,225
 
115,983


 
Page 29

 

Weingarten Realty Investors
Property Listing at December 31, 2007
 
 
Gross Leasable Area
 
Center
 
Location
 
Anchors
 
WRI Owned %
 
Foot Notes
 
WRI Owned
 
Joint Venture Share
 
Owned by Other
 
Total
 
Thompson Bridge Commons
 
Thompson Bridge Rd. at Mt. Vernon Rd., Gainesville
 
Kroger +
 
100.0%
 
     
78,351
 
 
0
 
 
0
 
 
78,351
 
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 Road, Powder Springs
 
Kroger + (O.B.O.)
 
100.0%
     
27,747
 
0
 
54,139
 
81,886
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., Suwannee
 
Office Max, Home Depot, Bed Bath & Beyond, Super Target + (O.B.O)
 
100.0%
     
193,170
 
0
 
174,000
 
367,170
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., Shawnee
 
Burlington Coat Factory
 
100.0%
     
135,139
 
0
 
0
 
135,139
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, Lexington
 
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, Lafayette
 
Albertsons + (O.B.O.), Blockbuster
 
100.0%
     
0
 
0
 
101,950
 
101,950
River Marketplace
 
Ambassador Caffery at Kaliste Saloom, Lafayette
 
Ross Dress for Less, Stage, Cost Plus, Super Target + (O.B.O.), Books A Million
 
7.8%
 
(1)(3)
 
21,168
 
147,100
 
174,700
 
342,968
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 Bath & Beyond (O.B.O)
 
100.0%
     
7,743
 
0
 
205,375
 
213,118
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 Orleans
 
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 & Beyond
 
20.4%
 
(1)(3)
 
45,037
 
175,734
 
174,500
 
395,272
Louisiana Total:
 
 
# of Properties:  15
 
 
 
 
 
 
 
1,481,439
 
430,808
 
976,172
 
2,888,420
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
                               


 
Page 30

 
 
Weingarten Realty Investors
Property Listing at December 31, 2007
 
 
 
Gross Leasable Area
 
Center
 
Location
 
Anchors
 
WRI Owned %
 
Foot Notes
 
WRI Owned
 
Joint Venture Share
 
Owned by Other
 
Total
 
Ballwin Plaza
 
Manchester Rd. at Vlasis Dr., Ballwin
 
Schnucks +, Michael’s, Sears
 
100.0%
 
     
200,915
 
 
0
 
 
0
 
 
200,915
 
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., Henderson
 
Kmart + (O.B.O.)
 
100.0%
     
66,408
 
0
 
143,879
 
210,287
Best in the West
 
Rainbow at Lake Mead Rd., Las Vegas
 
Best Buy, Borders, Bed Bath & Beyond, Babies "R" Us, DSW Shoes, Office Depot, Old Navy, PetsMart, Jo-Ann Stores, The Sports Authority
 
100.0%
     
436,814
 
0
 
0
 
436,814
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 Vegas
 
Albertsons +, Sav-On Drug
 
100.0%
     
167,654
 
0
 
0
 
167,654
Francisco Centre
 
E. Desert Inn Rd. at S. Eastern Ave., Las Vegas
 
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 Vegas
 
Albertsons +, JC Penney, Ultimate Electronics, Home Depot, 24 Hour Fitness
 
100.0%
     
278,416
 
0
 
0
 
278,416
Rainbow Plaza, Phase I
 
Rainbow Blvd. at Charleston Blvd., Las Vegas
 
Albertsons +, JC Penney, Ultimate Electronics, Home Depot, 24 Hour Fitness
 
100.0%
     
136,369
 
0
 
0
 
136,369
Rancho Towne & Country
 
Rainbow Blvd. at Charleston Blvd., Las Vegas
 
Smith’s Food +
 
100.0%
     
87,367
 
0
 
0
 
87,367
Tropicana Beltway
 
Tropicana Beltway at Fort Apache Rd., Las Vegas
 
Lowe’s (O.B.O.), Wal-Mart Supercenter + (O.B.O.), PetsMart, Office Depot, Ross Dress for Less, 99 Cent Only, Sports Authority, Pier 1 Imp orts
 
100.0%
 
 
 
246,478
 
0
 
394,271
 
640,749
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
 
 
 
 
 
 
 
2,894,975
 
0
 
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., Albuquerque
 
Staples, PetsMart, Wal-Mart Supercenter +(O.B.O.), Home Depot (O.B.O.)
 
100.0%
     
84,322
 
0
 
334,000
 
418,322
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, Hastings, United Artists
 
100.0%
     
249,671
 
0
 
62,750
 
312,421
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, Charlotte
 
Off Broadway Shoes
 
100.0%
     
120,542
 
0
 
207,602
 
328,144
Johnston Road Plaza
 
Johnston Rd. at McMullen Creek Pkwy., Charlotte
 
Food Lion+
 
100.0%
     
79,508
 
0
 
0
 
79,508
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 + (O.B.O.)
 
100.0%
     
41,976
 
0
 
402,620
 
444,596
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., Durham
 
Food Lion +, Eckerd’s
 
100.0%
     
59,859
 
0
 
0
 
59,859
Ravenstone Commons
 
Hwy 98 at Sherron Rd., Durham
 
Food Lion +, Blockbuster
 
100.0%
     
60,424
 
0
 
0
 
60,424


 
Page 31

 

Weingarten Realty Investors
Property Listing at December 31, 2007
 
 
 
Gross Leasable Area
 
Center
 
Location
 
Anchors
 
WRI Owned %
 
Foot Notes
 
WRI Owned
 
Joint Venture Share
 
Owned by Other
 
Total
 
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
 
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., Raleigh
 
Harris Teeter +, Eckerd's
 
100.0%
     
112,615
 
0
 
0
 
112,615
Little Brier Creek
 
Little Brier Creek Lane and Brier Leaf Lane, Raliegh
 
Lowe's Food + (O.B.O.)
 
100.0%
     
17,209
 
0
 
45,802
 
63,011
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, Borders
 
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
 
 
 
 
 
 
 
2,594,918
 
133,810
 
742,374
 
3,471,102
Oklahoma
                               
Market Boulevard
 
E. Reno Ave. at N. Douglas Ave., Midwest City
 
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, Portland
 
T.J. Maxx, Winco Foods + (O.B.O)
 
20.0%
 
(1)(3)
 
14,828
 
59,311
 
62,600
 
136,739
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 Ferry Road, Portland
 
Walgreens, New Seasons Market +
 
20.0%
 
(1)(3)
 
7,904
 
31,616
 
0
 
39,520
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 Avenue, Memphis
 
Kroger +
 
100.0%
     
80,206
 
0
 
0
 
80,206
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
Wolflin Village
 
Wolflin Ave. at Georgia St., Amarillo
 
Boots 'N Jeans, 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 +, Neiman Marcus Last Call
 
100.0%
     
226,910
 
0
 
109,032
 
335,942
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
 
141,329
 
281,401
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


 
Page 32

 
 
Weingarten Realty Investors
Property Listing at December 31, 2007
 
 
 
Gross Leasable Area
 
Center
 
Location
 
Anchors
 
WRI Owned %
 
Foot Notes
 
WRI Owned
 
Joint Venture Share
 
Owned by Other
 
Total
 
River Pointe
 
I-45 at Loop 336, Conroe
 
Kroger + (O.B.O), Incredible Pizza (O.B.O.)
 
100.0%
 
     
44,792
 
 
0
 
 
144,911
 
 
189,703
 
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, Old Navy, Linen’s N Things, Hobby Lobby
 
100.0%
 
     
371,668
 
 
0
 
 
161,909
 
 
533,577
 
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 St., Ft. Worth
 
Sports Authority, Circuit City, PetsMart, Office Depot, T.J. Maxx, Albertsons +, Home Depot (O.B.O.), Anna’s Linens
 
100.0%
     
353,302
 
0
 
110,000
 
463,302
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, Family Dollar
 
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
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 Books, Anna's Linens, Hobby Lobby, Mardels
 
100.0%
     
417,279
 
0
 
0
 
417,279
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


 
Page 33

 
 
Weingarten Realty Investors
Property Listing at December 31, 2007
 
 
 
Gross Leasable Area
 
Center
 
Location
 
Anchors
 
WRI Owned %
 
Foot Notes
 
WRI Owned
 
Joint Venture Share
 
Owned by 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 Linens
 
70.0%
 
(1)
 
176,498
 
75,642
 
0
 
252,140
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
Westchase Center
 
Westheimer at Wilcrest
 
Ross Dress for Less, Randall’s +, Golfsmith, Palais Royal, Target (O.B.O.), Petco
 
100.0%
     
232,994
 
0
 
99,550
 
332,544
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. + (O.B.O.), Marshall’s
 
100.0%
     
242,293
 
0
 
206,463
 
448,756
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
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 Less, Marshall’s, Office Depot
 
50.0%
 
(1)(3)
 
143,968
 
143,968
 
242,132
 
530,067
Northcross
 
N. 10th St. at Nolana Loop, McAllen
 
Barnes & Noble
 
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)(3)
 
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
Starr Plaza   U.S. Hwy 83 at Bridge St., Rio Grande City   H. E. B. +, Beall's, Dollar General   50.0%   
(1)(3)
  88,406    88,406      176,812 
Rockwall
 
I-30 at Market Center Street, Rockwall
 
Office Max, Petco, Pier 1 Imports, Ross Dress for Less, Old Navy, Linens ‘N Things, Michael’s
 
100.0%
     
209,051
 
0
 
0
 
209,051
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, Marshall’s, Office Max, SteinMart, Petco, Anna’s Linens
 
100.0%
     
312,370
 
0
 
176,000
 
488,370
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., San Antonio
 
H. E. B. +, Beall’s, Tuesday Morning
 
100.0%
     
162,882
 
0
 
0
 
162,882
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 Warehouse, Ross Dress for Less, Lane Furniture
 
100.0%
     
375,820
 
0
 
0
 
375,820
New Boston Road
 
New Boston at Summerhill, Texarkana
 
Rehkopf’s Grocery +, Salvation Army
 
100.0%
     
97,000
 
0
 
0
 
97,000
Island Market Place
 
6th St. at 9th Ave., Texas City
 
Food King +
 
100.0%
     
27,277
 
0
 
0
 
27,277
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


 
Page 34

 

Weingarten Realty Investors
Property Listing at December 31, 2007
 
 
 
Gross Leasable Area
 
Center
 
Location
 
Anchors
 
WRI Owned %
 
Foot Notes
 
WRI Owned
 
Joint Venture Share
 
Owned by Other
 
Total
 
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:  103
               12,305,548    882,123  
2,485,403
 
15,673,072
Utah
                               
Alpine Valley Center
 
Main St. at State St., American Fork
 
Super Target + (O.B.O.), Old Navy, Pier 1 Imports, Dollar Tree, Office Depot
 
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 Jordan
 
Albertsons + , Office Depot, Target (O.B.O.), Petco, Party City
 
100.0%
     
182,099
 
0
 
122,800
 
304,899
Utah Total:
 
 
# of Properties:  3
 
 
 
 
 
 
 
306,638
 
60,772
 
296,357
 
663,767
Washington
                               
Mukilteo Speedway Center
 
Mukilteo Speedway, Lincoln Way, and Highway 99, Lynnwood
 
Food Emporium +, Bartell Drugs
 
20.0%
 
(1)(3)
 
18,055
 
72,218
 
0
 
90,273
Meridian Town Center
 
Meridian Avenue East and 132nd Street East, Puyallup
 
JoAnn's, Safeway + (O.B.O)
 
20.0%
 
(1)(3)
 
15,533
 
62,133
 
65,346
 
143,012
South Hill Center
 
43rd Avenue Southwest and Meridian Street South, Puyallup
 
Best Buy, Bed Bath & Beyond, Ross
 
20.0%
 
(1)(3)
 
26,804
 
107,216
 
0
 
134,020
Rainer Square Plaza
 
Rainer Avenue South and South Charleston Street, Seattle
 
Safeway +
 
20.0%
 
(1)(3)
 
21,485
 
85,938
 
0
 
107,423
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 Logistics
 
20.0%
 
(1)(3)
 
145,353
 
581,413
 
0
 
726,766
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 I
 
Interstate Drive and Kathleen Rd., Lakeland
 
Carolina Logistics Services, Inc., Acuity Specialty Products Group, Inc., Sunrise Medical HHG, Inc.
 
100.0%
     
168,400
 
0
 
0
 
168,400
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 301, Tampa
 
Parts Depot, Inc., American Tire Distributors
 
100.0%
     
224,483
 
0
 
0
 
224,483
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 Dr., Atlanta
 
Target Container Co., Sanderson Industries, Inc., Recall Secure Destruction Services, Inc., Georgia Aquarium, Inc.
 
100.0%
     
120,200
 
0
 
0
 
120,200
Atlanta Industrial Park II
& VI
 
Atlanta Industrial Pkwy. at Atlanta Industrial Dr., Atlanta
 
Target Container Co., Sanderson Industries, Inc., Recall Secure Destruction Services, Inc., Georgia Aquarium, Inc.
 
100.0%
     
382,100
 
0
 
0
 
382,100
Atlanta Industrial Parkway
 
Atlanta Industrial Pkwy. at Atlanta Industrial Dr., Atlanta
 
Target Container Co., Sanderson Industries, Inc., Recall Secure Destruction Services, Inc., Georgia Aquarium, Inc.
 
100.0%
     
50,000
 
0
 
0
 
50,000
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
Southpark 3075
 
Anvil Block Rd and SouthPark Blvd, Atlanta
 
American Tire Distributors
 
100.0%
     
234,525
 
0
 
0
 
234,525
Southside Industrial Parkway
 
Southside Industrial Pkwy at Jonesboro Rd., Atlanta
 
Lowe Supply, Inc., Mission Produce, Masco Contractor Services
 
100.0%
     
72,000
 
0
 
0
 
72,000
Westlake 125
 
Camp Creek Parkway and Westlake Parkway, Atlanta
 
Maxwell Chase Technologies, LLC, Nissei ASB Company, Berlin Packaging
 
100.0%
     
154,464
 
0
 
0
 
154,464


 
Page 35

 

Weingarten Realty Investors
Property Listing at December 31, 2007
 
 
 
Gross Leasable Area
 
Center
 
Location
 
Anchors
 
WRI Owned %
 
Foot Notes
 
WRI Owned
 
Joint Venture Share
 
Owned by Other
 
Total
 
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
Georgia Total:
 
# of Properties:  8
             
1,609,559
 
610,411
 
0
 
2,219,970
Tennessee
                               
Crowfarn Drive Warehouse
 
Crowfarn Dr. at Getwell Rd., Memphis
 
Diamond Comic Distributors, Inc, Acorn International
 
20.0%
 
(1)(3)
 
31,770
 
127,079
 
0
 
158,849
Outland Business Center
 
Outland Center Dr., Memphis
 
Vistar Corporation, TricorBraun, Quest Communications Corporation, Kuehne & Nagel, Inc., Concentra
 
20.0%
 
(1)(3)
 
82,028
 
328,110
 
0
 
410,138
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, Arlington
 
DHL, INX International
 
100.0%
     
253,165
 
0
 
0
 
253,165
Randol Mill Place
 
Randol Mill Road, Arlington
 
American Institute of Intradermal Cosmetics, Becker-Parkin Dental Supply Company, Inc.
 
100.0%
     
54,639
 
0
 
0
 
54,639
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., 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 Manufacturing
 
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.,
 
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 Finishing Services
 
100.0%
     
223,128
 
0
 
0
 
223,128
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 Center
 
East N.W. Hwy. at Shiloh, Dallas
 
Capital Title, Garland Surgery Center
 
100.0%
     
78,700
 
0
 
0
 
78,700
Northwest Crossing Office/Service Center
 
N.W. Hwy. at Walton Walker, Dallas
 
Corporate Care, Magnum Cable Corp.
 
100.0%
     
126,984
 
0
 
0
 
126,984
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 Industries Southwest
 
100.0%
     
202,559
 
0
 
0
 
202,559
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.
 
Iron Mountain, Stone Container
 
20.0%
 
(1)(3)
 
48,728
 
194,914
 
0
 
243,642
610 and 11th St. Warehouse
 
Loop 610 at 11th St.
 
Prefco Corp.
 
100.0%
     
104,975
 
0
 
0
 
104,975
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
 
Houston Central Industries, Inc.
 
100.0%
     
128,752
 
0
 
0
 
128,752
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


 
Page 36

 

Weingarten Realty Investors
Property Listing at December 31, 2007
 
 
 
Gross Leasable Area
 
Center
 
Location
 
Anchors
 
WRI Owned %
 
Foot Notes
 
WRI Owned
 
Joint Venture Share
 
Owned by Other
 
Total
 
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
Railwood Industrial Park
 
Mesa at U.S. 90
 
SIG Southwest, Global Stainless Supply, Inc., Meridian IQ
 
100.0%
     
402,680 
 
0 
 
0 
 
402,680 
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, Columbia Analytical
 
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., Air Tiger Express
 
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 Manufacturing Company, L.P.
 
100.0%
     
219,245
 
0
 
0
 
219,245
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, Gurwitch Industries
 
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, Ashland
 
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
 
Vacant
 
20.0%
 
(1)(3)
 
45,362
 
181,447
 
0
 
226,809
Enterchange at Walthall
A & B
 
1900-1998 Ruffin Mill Rd, Colonial Heights
 
Mazda Motors of America, Inc.,  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, Jim's Formal Wear
 
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 Properties
 
# of Properties:
 
383
         
49,346,418
 
10,109,014
 
9,372,460
 
68,827,889


 
Page 37

 

Weingarten Realty Investors
Property Listing at December 31, 2007
 
 
Gross Leasable Area
 
Center
 
Location
 
Anchors
 
WRI Owned %
 
Foot Notes
 
WRI Owned
 
Joint Venture Share
 
Owned by Other
 
Total
 
New Development
 
                               
Arizona
                               
Gladden Farms
 
Lon Adams Rd at Tangerine Farms Rd
     
50.0%
 
(1)(2)
 
5,842
 
5,842
 
108,000
 
119,685
Mohave Crossroads
 
Bullhead Parkway at State Route 95, Bullhead City
     
100.0%
 
 (2)
 
104,870
 
0
 
197,360
 
302,230
Raintree Ranch
 
Ray Road at Price Road, Chandler
     
100.0%
 
 (2)
 
128,106
 
0
 
0
 
128,106
The Shoppes at Parkwood Ranch
 
Southern Avenue and Signal Butte Road, Mesa
     
100.0%
 
 (2)
 
69,300
 
0
 
0
 
69,300
Arizona Total:
 
 
# of Properties: 4
             
308,118
 
5,842
 
305,360
 
619,321
California
                               
Jess Ranch Marketplace
 
Bear Valley Road at Jess Ranch Parkway, Apple Valley
     
50.0%
 
(1)(2)(3)
 
90,950
 
90,950
 
93,696
 
275,595
Jess Ranch Phase III
 
Bear Valley Road at Jess Ranch Parkway, Apple Valley
     
50.0%
 
(1)(2)(3)
 
35,750
 
35,750
 
0
 
71,500
California Total:
 
 
# of Properties:  2
 
 
 
 
 
 
 
126,700
 
126,700
 
93,696
 
347,095
Colorado
                               
Buckingham Square
 
Mississippi at Havana, Aurora
     
50.0%
 
(1)(2)
 
0
 
0
 
142,500
 
142,500
River Point at Sheridan
 
Highway 77 and Highway 88, Sheridan
     
50.0%
 
(1)(2)(3)
 
26,819
 
26,819
 
327,000
 
380,638
Colorado Total:
 
 
# of Properties:  2
 
 
 
 
 
 
 
26,819
 
26,819
 
469,500
 
523,138
Florida
                               
Clermont Landing
 
U.S. 27 & Steve's Road
     
55.0%
 
(1)(2)
 
21,914
 
17,930
 
104,175
 
144,019
Colonial Landing
 
East Colonial Dr. at Maguire Boulevard, Orlando
     
50.0%
 
(1)(2)
 
131,634
 
131,634
 
0
 
263,267
Curry Ford
 
Young Pines and Curry Ford Rd, Orange County
     
100.0%
 
 (2)
 
0
 
0
 
0
 
0
Palm Coast Center
 
State Road 100 & Belle Terre Parkway, Palm Coast
     
50.0%
 
(1)(2)
 
61,835
 
61,835
 
179,476
 
303,146
Phillips Crossing
 
Interstate 4 and Sand Lake Road, Orlando
     
100.0%
 
 (2)
 
91,350
 
0
 
0
 
91,350
Phillips Landing
 
Turkey Lake Rd., Orlando
     
100.0%
 
 (2)
 
34,073
 
0
 
219,815
 
253,888
Florida Total:
 
 
# of Properties:  6
 
 
 
 
 
 
 
340,806
 
211,399
 
503,466
 
1,055,670
Georgia
                               
South Fulton Town Center
 
NWC South Fulton Parkway @ Hwy 92, Union City
     
50.0%
 
(1)(2)
 
1,300
 
1,300
 
176,000
 
178,601
Georgia Total:
 
 
# of Properties:  1
 
 
 
 
 
 
 
1,300
 
1,300
 
176,000
 
178,601
Nevada
                               
Decatur 215
 
Decatur at 215
     
50.0%
 
(1)(2)
 
0
 
0
 
0
 
0
Nevada Total:
 
 
# of Properties:  1
 
 
 
 
 
 
 
0
 
0
 
0
 
0
North Carolina
                               
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)
 
48,756
 
0
 
0
 
48,756
Waterford Village
 
US Hwy 17 & US Hwy 74/76, Leland
     
75.0%
 
(1)(2)
 
39,586
 
13,195
 
0
 
52,781
North Carolina Total:
 
 
# of Properties:  3
 
 
 
 
 
 
 
88,342
 
13,195
 
0
 
101,537
Tennessee
                               
Ridgeway Trace
 
Memphis
     
100.0%
 
 (2)
 
0
 
0
 
137,740
 
137,740
Tennessee Total:
 
 
# of Properties:  1
 
 
 
 
 
 
 
0
 
0
 
137,740
 
137,740
Texas
                               
Gateway Station
 
I-35W and McAlister Rd., Burleson
       70.0%  
 (1)(2)
 
 21,000
 
 9,000
 
 0
 
 30,000
Horne Street Market
 
I-30 & Horne Street, Fort Worth
     
100.0%
 
 (2)
 
0
 
0
 
0
 
0


 
Page 38

 

Weingarten Realty Investors
Property Listing at December 31, 2007
 
 
Gross Leasable Area
 
Center
 
Location
 
Anchors
 
WRI Owned %
 
Foot Notes
 
WRI Owned
 
Joint Venture Share
 
Owned by Other
 
Total
 
Market at Nolana
 
Nolana Ave and 29th St., McAllen
     
50.0%
 
(1)(2)(3)
 
9,215
 
9,215
 
203,818
 
222,248
Market at Sharyland
Place
 
U.S. Expressway 83 and Shary Road, Mission
     
50.0%
 
(1)(2)(3)
 
45,706
 
45,706
 
0
 
91,411
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
 
117,000
 
117,000
Sharyland Towne
Crossing
 
Shary Rd. at Hwy. 83, Mission
     
50.0%
 
(1)(2)(3)
 
171,792
 
171,792
 
0
 
343,583
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
 
85,000
 
85,000
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)
 
5,000
 
0
 
0
 
5,000
Texas Total:
 
 
# of Properties:  11
 
 
 
 
 
 
 
252,713
 
235,713
 
405,818
 
894,242
Washington
                               
Village at Liberty Lake
 
E. Country Vista Dr. at N. Liberty Rd., Liberty Lake
     
50.0%
 
(1)(2)(3)
 
0
 
0
 
132,874
 
132,874
Washington Total:
 
 
# of Properties:  1
 
 
 
 
 
 
 
0
 
0
 
132,874
 
132,874
Total New Developments
 
 
# of Properties:  32
 
 
 
 
 
 
 
1,144,798
 
620,968
 
2,224,454
 
3,990,218
Unimproved Land
 
                               
Arizona
                               
Bullhead Parkway at State Route 95, Bullhead City
 
 
                         
  7,185
Arizona Total:
 
 
 
                         
  7,185
Louisiana
                               
70th St. at Mansfield
Rd., Shreveport    
 
 
 
                         
41,704
U.S. Highway 171 at Parish, DeRidder
 
 
                         
  462,000
Louisiana Total:
 
 
 
                         
  503,704
North Carolina
                               
Creedmoor (Highway 50) and Crabtree Valley Avenue, Raleigh                              
 576,000
U.S. Highway 1 at Caveness Farms Rd., Wake Forest
 
 
                         
 3,380,000
North Carolina Total:
 
 
 
                         
 3,956,000
Texas
                               
9th Ave. at 25th St.,
Port Arthur
 
 
                         
  243,000
Bissonnet at Wilcrest
 
 
                         
  84,269
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
 
 
                         
 118,483
Shaver at Southmore, Pasadena
 
 
                         
  17,000
West Little York at Interstate 45
 
 
                         
  161,000
West Loop North at Interstate 10
 
 
                         
  145,000
Rock Prairie Rd. at Hwy. 6, College Station                              
2,590,000
Leslie Rd. at Bandera Rd., Helotes                              
 75,000
Texas Total:
 
 
 
                         
 5,457,568
Total Unimproved
Land
 
 
                         
 9,924,457
 
 
Page 39