EXHIBIT 99.2

Supplemental Financial Information

December 31, 2008

(Unaudited)

Table of Contents		Page No.
Corporate Profile		1
Condensed Consolidated Statements of Income		2
Condensed Consolidated Balance Sheets		3
Summary Operating Data		4 - 6
	Funds from Operations
	Dividends
	General and Administrative Expenses
	Net Operating Income
	Reconciliation of Funds from Operations for Exclusion of Non-Recurring Transactions
	Rentals
	Interest Expense
	Fee Income From Real Estate Joint Ventures and Partnerships
	Property
	Net Operating Income including Joint Ventures
Joint Venture Reporting		7 - 10
	Financial Statements of Unconsolidated Real Estate Joint Ventures and Partnerships at 100%
	Financial Statements of Unconsolidated Real Estate Joint Ventures and Partnerships at Pro rata Share
	Investments in Unconsolidated Real Estate Joint Ventures & Partnerships
	Mortgage Debt Information for Unconsolidated Real Estate Joint Ventures & Partnerships
Summary Balance Sheet Information		11
	Common Share Data
	Capitalization
	Capital Availability
	Credit Ratings
Debt Information		12 - 13
	Outstanding Balance Summary
	Fixed vs Variable Rate Debt
	Secured vs Unsecured Debt
	Coverage Ratios
	Weighted Average Interest Rates
	Schedule of Maturities
Other Information		14 - 15
	Tenant Diversification
	Lease Expirations
	Leasing Production
	Average Minimum Rent per Square Foot
	Occupancy
Property Information		16 - 38
	Property Investment Summary
	New Development Properties (by Stabilization)
	Land Held for Development
	Acquisition Summary
	Disposition Summary
	Total Net Operating Income at Pro rata 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, 2008, we owned or operated under long-term leases, interests in 374 developed
income-producing properties and 30 new development properties (including 14 which are income-producing), which
are located in 23 states that span the United States from coast to coast.  Included in the portfolio are 323 shopping
centers, 78 industrial projects, and 3 other operating properties.  Our interests in these properties aggregated approximately
47.6 million square feet of leasable area.  Our properties were 92.6% leased as of December 31, 2008, 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

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
Condensed Consolidated Statements of Income and Comprehensive Income
(in thousands, except per share amounts)
(as reported)
	Three Months Ended
	December 31,						Twelve Months Ended December 31,
	2008			2007			2008			2007			2006			2005			2004
Revenues:
Rentals	$	147,576		$	146,913		$	600,918		$	570,487		$	516,669		$	467,811		$	419,989
Other		3,601			3,570			14,050			13,280			6,755			6,163			8,155
Total		151,177			150,483			614,968			583,767			523,424			473,974			428,144
Expenses:
Depreciation and amortization		37,617			32,993			155,912			128,061			117,443			106,949			95,219
Operating		38,740			29,384			118,477			103,737			85,722			71,097			66,606
Ad valorem taxes		17,107			15,089			73,026			66,649			60,673			54,630			48,356
General and administrative		5,987			7,329			25,761			26,979			23,801			17,379			16,122
Impairment loss		52,539						52,539												3,200
Total		151,990			84,795			425,715			325,426			287,639			250,055			229,503
Operating Income (Loss)		(813	)		65,688			189,253			258,341			235,785			223,919			198,641
Interest Expense		(35,637	)		(38,646	)		(148,475	)		(148,829	)		(145,374	)		(129,160	)		(116,142	)
Interest and Other Income, net		414			1,648			4,334			8,486			9,044			2,854			1,389
Loss on Redemption of Preferred Shares																				(3,566	)
Gain on Redemption of Convertible Senior Unsecured Notes		10,658						10,658
Equity in Earnings (Loss) of Real Estate Joint Ventures and Partnerships, net (a)		(3,341	)		7,340			12,196			19,853			14,655			6,610			5,384
Income Allocated to Minority Interests		(1,975	)		(2,559	)		(8,943	)		(10,237	)		(6,414	)		(6,060	)		(4,928	)
Gain on Sale of Properties		1,897			1,076			1,998			4,086			22,493			22,306			1,562
Gain on Land and Merchant Development Sales		102			8,235			8,342			16,385			7,166			804
Benefit (Provision) for Income Taxes		13,139			(2,140	)		10,148			(4,073	)		(1,366	)
Income (Loss) From Continuing Operations		(15,556	)		40,642			79,511			144,012			135,989			121,273			82,340
Operating Income (Loss) From Discontinued Operations		(22	)		1,975			3,448			10,346			23,527			32,921			34,158
Gain on Sale of Properties From Discontinued Operations		14,739			23,975			68,722			83,659			145,494			65,459			24,883
Income From Discontinued Operations		14,717			25,950			72,170			94,005			169,021			98,380			59,041
Net Income (Loss)		(839	)		66,592			151,681			238,017			305,010			219,653			141,381
Less: Preferred Share Dividends		(8,869	)		(8,890	)		(34,711	)		(25,375	)		(10,101	)		(10,101	)		(7,470	)
Redemption Costs of Preferred Shares								(1,850	)
Net Income (Loss) Available to Common Shareholders - Basic	$	(9,708	)	$	57,702		$	115,120		$	212,642		$	294,909		$	209,552		$	133,911
Net Income (Loss) Per Common Share - Basic	$	(0.11	)	$	0.68		$	1.36		$	2.49		$	3.36		$	2.35		$	1.55
Net Income (Loss) Per Common Share - Diluted	$	(0.11	)	$	0.67		$	1.36		$	2.44		$	3.27		$	2.31		$	1.54
(a) See Page 7 for the Company's pro rata share of the operating results of its unconsolidated real estate joint ventures and partnerships.

Page 2

Weingarten Realty Investors
Condensed Consolidated Balance Sheets
(in thousands, except per share amounts)
(as reported)
	December 31,
	2008			2007
ASSETS
Property	$	4,915,472		$	4,972,344
Accumulated Depreciation		(812,323	)		(774,321	)
Property, net		4,103,149			4,198,023
Investment in Real Estate Joint Ventures and Partnerships (a)		357,634			300,756
Total		4,460,783			4,498,779
Notes Receivable from Real Estate Joint Ventures and Partnerships		232,544			81,818
Unamortized Debt and Lease Costs		119,951			114,969
Accrued Rent and Accounts Receivable (net of allowance for doubtful accounts of $12,412 in 2008 and $8,721 in 2007)		103,873			94,607
Cash and Cash Equivalents		58,946			65,777
Restricted Deposits and Mortgage Escrows		33,252			38,884
Other		105,350			98,509
Total	$	5,114,699		$	4,993,343
LIABILITIES AND SHAREHOLDERS' EQUITY
Debt	$	3,171,537		$	3,165,059
Accounts Payable and Accrued Expenses		179,432			155,137
Other		90,461			104,439
Total		3,441,430			3,424,635
Commitments and Contingencies		41,000
Minority Interest		204,031			96,885
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 2008 and 2007;  liquidation preference $75,000		3			3
6.95% Series E cumulative redeemable preferred shares of beneficial interest; 29 shares issued and outstanding in 2008 and 2007;  liquidation preference $72,500		1			1
6.5% Series F cumulative redeemable preferred shares of beneficial interest; 140 shares issued; 140 and 80 shares outstanding in 2008 and 2007; liquidation preference $350,000 in 2008 and $200,000 in 2007		4			2
Variable-rate Series G cumulative redeemable preferred shares of beneficial interest, 80 shares issued; none in 2008 and 80 shares outstanding in 2007; liquidation preference $200,000 in 2007					2
Common Shares of Beneficial Interest - par value, $.03 per share; shares authorized: 150,000; shares issued and outstanding: 87,102 in 2008 and 85,146 in 2007		2,625			2,565
Treasury Shares of Beneficial Interest - par value, $.03 per share; none in 2008 and 1,370 shares outstanding in 2007					(41	)
Accumulated Additional Paid-In Capital		1,475,397			1,442,027
Net Income in Excess of (Less Than) Accumulated Dividends		(20,116	)		42,739
Accumulated Other Comprehensive Loss		(29,676	)		(15,475	)
Shareholders' Equity		1,428,238			1,471,823
Total	$	5,114,699		$	4,993,343
(a) This represents the Company's investment of its unconsolidated real estate joint ventures and partnerships. See page 7 for additional information.

Page 3

Weingarten Realty Investors
Summary Operating Data
(in thousands, except per share amounts)
	Three Months Ended						Twelve Months Ended
	December 31,						December 31,
	2008			2007			2008			2007
Funds from Operations
Numerator:
Net income (loss) available to common shareholders	$	(9,708	)	$	57,702		$	115,120		$	212,642
Depreciation and amortization		35,602			32,923			150,137			129,946
Depreciation and amortization of unconsolidated real estate joint ventures and partnerships		3,200			3,765			11,898			11,204
Gain on sale of properties		(16,629	)		(25,065	)		(70,066	)		(83,907	)
(Gain) loss on sale of properties of unconsolidated real estate joint ventures and partnerships		10			(2,171	)		(2	)		(2,169	)
Funds from Operations - Basic		12,475			67,154			207,087			267,716
Funds from operations attributable to operating partnership units					1,096						4,407
Funds from Operations - Diluted	$	12,475		$	68,250		$	207,087		$	272,123
Denominator:
Weighted average shares outstanding - Basic		86,664			84,286			84,474			85,504
Effect of dilutive securities:
Share options and awards		212			673			443			891
Operating partnership units					2,420						2,498
Weighted average shares outstanding - Diluted		86,876			87,379			84,917			88,893
Funds from Operations per Share - Basic	$	0.14		$	0.80		$	2.45		$	3.13
Funds from Operations Per Share - Diluted	$	0.14		$	0.78		$	2.44		$	3.06
Growth in Funds from Operations per Share - Diluted					-82.1	%					-20.3	%
Dividends
Common Dividends per Share	$	0.525		$	0.495		$	2.10		$	1.98
Common Dividends Paid as a % of Funds from Operations		366.4	%		61.7	%		85.9	%		63.2	%
General and Administrative Expenses
General and Administrative Expenses/Total Revenue		4.0	%		4.9	%		4.2	%		4.6	%
General and Administrative Expenses/Total Assets before Depreciation		0.10	%		0.13	%		0.43	%		0.47	%
Net Operating Income *
Same Property NOI Growth: **
Cash Basis
Retail		-3.7	%		3.2	%		-0.6	%		2.7	%
Industrial		-1.6	%		3.4	%		1.5	%		4.3	%
Total		-3.5	%		3.2	%		-0.4	%		2.8	%

*	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 ("Pro rata Share").
**	Same Property NOI Growth excludes the effect of lease cancellation income and straight-line rent adjustments, but does include provisions for uncollectible
	amounts and related recoveries.
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 4

Weingarten Realty Investors
Reconciliation of Funds from Operations for Exclusion of Non-Recurring Transactions
	Three Months Ended			Twelve Months Ended
	December 31, 2008			December 31, 2008
Funds from Operations per Common Share - Diluted as Reported	$	0.14		$	2.44
Gain on Redemption of Convertible Senior Unsecured Notes		(0.13	)		(0.13	)
Impairment Loss, net of taxes		0.54			0.54
Write-off of Predevelopment Costs, net of taxes		0.16			0.20
Reduction of Incentive Compensation Accrual		(0.04	)		(0.05	)
Gain on Swap Settlement		-			(0.03	)
Redemption Costs of Preferred G Shares		-			0.02
Hurricane Ike Costs		-			0.02
Severance Costs		0.02			0.03
Losses on Assets Held in Grantor Trust		0.03			0.06
Adjusted Funds from Operations per Common Share - Diluted	$	0.72		$	3.11

Page 5

Weingarten Realty Investors
Summary Operating Data (continued)
(in thousands)
	Three Months Ended						Twelve Months Ended
	December 31,						December 31,
	2008			2007			2008			2007
Rentals
Base minimum rent, net	$	112,642		$	113,098		$	457,412		$	437,065
Straight line rent		1,315			2,494			10,061			9,463
Over/Under-market rentals, net		892			899			3,487			3,223
Percentage rent		1,922			1,738			5,918			6,158
Tenant reimbursements		30,805			28,684			124,040			114,578
Total	$	147,576		$	146,913		$	600,918		$	570,487
	Three Months Ended						Twelve Months Ended
	December 31,						December 31,
	2008			2007			2008			2007
Interest Expense
Interest paid or accrued	$	44,017		$	46,116		$	176,772		$	180,612
Over-market mortgage adjustment		(3,466	)		(1,601	)		(8,007	)		(6,758	)
Gross interest expense		40,551			44,515			168,765			173,854
Less:
Capitalized interest		(4,914	)		(5,869	)		(20,290	)		(25,025	)
Interest expense	$	35,637		$	38,646		$	148,475		$	148,829
	Three Months Ended						Twelve Months Ended
	December 31,						December 31,
	2008			2007			2008			2007
Fee Income from Real Estate Joint Ventures and Partnerships
Recurring	$	1,962		$	1,967		$	7,135		$	5,892
Non-Recurring					517			95			2,312
Total	$	1,962		$	2,484		$	7,230		$	8,204
							December 31,
							2008			2007
Property
Land							$	964,982		$	974,145
Land held for development								118,078			62,033
Land under development								101,587			223,827
Buildings and improvements								3,488,385			3,533,037
Construction in-progress								242,440			179,302
Total							$	4,915,472		$	4,972,344
							Three Months			Twelve Months
							Ended			Ended
							December 31,			December 31,
							2008			2008
Net Operating Income including Joint Ventures
Revenues							$	151,177		$	614,968
Operating expense								(38,740	)		(118,477	)
Ad valorem taxes								(17,107	)		(73,026	)
Total								95,330			423,465
Net Operating Income from Discontinued Operations								195			5,504
Prorata Share of Unconsolidated Joint Ventures
Revenues								14,258			47,977
Operating expense								(7,608	)		(12,981	)
Ad valorem taxes								(1,331	)		(5,282	)
Total								5,319			29,714
Minority Interests Share of Net Operating Income and Other Adjustments								(7,137	)		(18,232	)
Net Operating Income including Joint Ventures							$	93,707		$	440,451

Page 6

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,
	2008			2007		2008			2007
Revenues:
Base minimum rent, net	$	27,026		$	29,058	$	111,678		$	103,412
Straight line rent		708			931		3,026			4,014
Over/Under-market rentals, net		2,078			1,322		5,849			5,057
Percentage rent		413			262		927			689
Tenant reimbursements		8,038			7,295		30,817			27,483
Other income		7,130			1,727		10,440			5,987
Total		45,393			40,595		162,737			146,642
Expenses:
Depreciation and amortization		11,047			13,278		41,146			38,574
Interest		5,616			5,593		20,424			23,093
Operating		18,446			6,822		37,592			22,396
Ad valorem taxes		4,905			3,479		18,739			15,767
General and administrative		4,269			622		6,055			1,243
Impairment loss		5,151					5,151
Total		49,434			29,794		129,107			101,073
Gain on land and merchant development sales					1,295		933			1,295
Gain (loss) on sale of properties		(22	)		5,427		13			5,422
Net income (loss)	$	(4,063	)	$	17,523	$	34,576		$	52,286
						December 31,
						2008			2007
ASSETS
Property						$	1,951,771		$	1,660,915
Accumulated depreciation							(129,227	)		(71,998	)
Property, net							1,822,544			1,588,917
Other assets							256,688			238,166
Total						$	2,079,232		$	1,827,083
LIABILITIES AND SHAREHOLDERS' EQUITY
Debt						$	472,486		$	378,206
Amounts payable to Weingarten Realty Investors							248,969			87,191
Other liabilities							149,265			138,150
Accumulated equity							1,208,512			1,223,536
Total						$	2,079,232		$	1,827,083

Page 7

Weingarten Realty Investors
Financial Statements of Unconsolidated Real Estate Joint Ventures and Partnerships at Pro rata Share
(in thousands)
		Three Months Ended					Twelve Months Ended
		December 31,					December 31,
		2008			2007		2008			2007
Revenues:
	Base minimum rent, net	$	7,668		$	8,446	$	31,998		$	30,810
	Straight line rent		229			379		977			1,392
	Over/Under-market rentals, net		419			279		1,180			1,129
	Percentage rent		169			89		335			247
	Tenant reimbursements		2,378			2,243		9,027			8,312
	Other income		3,395			632		4,460			2,408
	Total		14,258			12,068		47,977			44,298
Expenses:
	Depreciation and amortization		3,200			3,765		11,898			11,204
	Interest		1,655			1,595		5,591			6,951
	Operating		7,608			1,965		12,981			6,517
	Ad valorem taxes		1,331			1,077		5,282			4,623
	General and administrative		2,064			194		2,740			413
	Impairment loss		2,451					2,451
	Total		18,309			8,596		40,943			29,708
	Gain on land and merchant development sales					647		402			647
	Gain (loss) on sale of property		(10	)		2,171		2			2,169
Net income (loss)   **		$	(4,061	)	$	6,290	$	7,438		$	17,406
							December 31,
							2008			2007
ASSETS
	Property						$	593,923		$	456,007
	Accumulated depreciation							(48,476	)		(26,604	)
	Property, net							545,447			429,403
	Other assets							104,439			89,310
	Total						$	649,886		$	518,713
LIABILITIES AND SHAREHOLDERS' EQUITY
	Debt						$	164,699		$	115,967
	Amounts payable to Weingarten Realty Investors							117,150			40,852
	Other liabilities							63,320			53,315
	Total							345,169			210,134
	Accumulated equity							304,717			308,579
	Total						$	649,886		$	518,713
**	Net income from unconsolidated real estate joint ventures and partnerships						$	7,438
	Intercompany fee income reclass							5,492
	Other adjustments							(734	)
	Equity in earnings of real estate joint ventures and partnerships, net						$	12,196
Notes:
The Consolidated Financial Statements at pro rata share include only the real estate operations of joint ventures and partnerships at WRI's ownership percentages. Pro rata financial information is not, and is not intended to be, a presentation in accordance with generally accepted accounting principles.

Page 8

Weingarten Realty Investors
Investments in Unconsolidated Real Estate Joint Ventures & Partnerships
December 31, 2008
(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
TIAA Florida Retail LLC		7		1,258	$	337,516	$	-		20.0	%	$	-	$	65,099	$	2,823
AEW SRP, LLC		10		895		170,592		105,124		25.0	%		26,281		13,890		54
Collins		8		1,100		160,464		31,225		50.0	%		15,612		57,087		3,042
AEW - Institutional Client		6		523		136,868		69,709		20.0	%		13,942		12,493		604
BIT Retail		3		715		160,474		-		20.0	%		-		30,804		1,338
BIT Investment Thirty-Six, LP		12		4,068		230,489		24,681		20.0	%		4,936		33,967		1,059
Eagle AN, LP		7		2,050		54,091		35,245		20.0	%		7,049		0		148
Other		29		4,088		828,739		206,502		46.9	%		96,878		144,293		3,128
Total		82		14,697	$	2,079,232	$	472,486		28.3	%	$	164,699	$	357,634	$	12,196
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

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Weingarten Realty Investors
Mortgage Debt Information for Unconsolidated Joint Ventures & Partnerships
December 31, 2008
(In Thousands)
Joint Venture Partner	# of Mortgaged Properties		Mortgage Balance			Average Interest Rate (1)			Average Remaining Term (yrs)
TIAA Florida Retail LLC		-	$	-			-			-
AEW SRP, LLC		7		105,124			5.7	%		7.0
Collins		2		31,225			6.2	%		12.6
AEW - Institutional Client		6		69,709			5.7	%		5.2
BIT Retail		0		-			-			-
BIT Investment Thirty-Six, LP		4		24,681			6.4	%		2.8
Eagle AN, LP		1		35,245			8.1	%		1.7
Other		8		128,730			5.7	%		8.3
Total		28	$	394,714			6.0	%		6.6
Schedule of Maturities
	At 100%					At WRI Share
	Maturities		Average Interest Rate			Maturities			Average Interest Rate
2008	$	-		-		$	-			-
2009		-		-			-			-
2010 (1)		44,419		7.5	%		9,891			7.2	%
2011		13,341		7.3	%		6,804			7.3	%
2012		15,440		6.1	%		3,088			6.1	%
2013		47,821		6.1	%		16,780			5.9	%
2014		54,226		5.9	%		12,174			5.9	%
2015		37,272		5.3	%		7,874			5.3	%
2016		99,710		5.7	%		30,537			5.7	%
2017		44,540		5.6	%		19,715			5.6	%
Thereafter		37,945		5.6	%		18,972			5.6	%
Total	$	394,714		6.0	%	$	125,835			5.9	%
(1) All mortgages are fixed rate except for one of the "other" which has a variable rate mortgage ($3.4 million), maturing in 2010

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Weingarten Realty Investors
Summary Balance Sheet Information
(in thousands, except common share data and percentages)
		December 31,			December 31,
		2008			2007
Common Share Data
Closing Market Price		$	20.69		$	31.44
Dividend Yield			10.15	%		6.30	%
90-Day, Average Daily Trading Volume			1,290,339			468,050
Capitalization (As reported)
Debt		$	3,171,537		$	3,165,059
Preferred Shares			497,500			547,500
Common Shares at Market			1,802,140			2,633,917
Operating Partnership Units at Market			45,559			75,959
	Total Market Capitalization	$	5,516,736		$	6,422,435
Debt to Total Market Capitalization			57.5	%		49.3	%
Capitalization (Pro rata)
Debt		$	3,131,883		$	3,242,349
Preferred Shares			497,500			547,500
Common Shares at Market			1,802,140			2,633,917
Operating Partnership Units at Market			45,559			75,959
	Total Market Capitalization	$	5,477,082		$	6,499,725
Debt to Total Market Capitalization			57.2	%		49.9	%
Capital Availability
Unused Portion of $575 MM Revolver		$	181,943		$	310,793
Shelf Registration - $1 Billion Effective April 2003			-			85,430		(1	)
Shelf Registration - $1.5 Billion Effective September 2004			-			1,300,000		(1	)
Shelf Registration - $50 Million Effective September 2004			-			50,000		(1	)
	Total	$	181,943		$	1,746,223
Credit Ratings		S&P			Moody's
Senior Debt		BBB			Baa2
Preferred Shares		BB+			Baa3
(1)	These shelf registrations have expired.
	Effective December 8, 2008, an automatic open shelf registration was filed, allowing us to issue various
	securities over the next three years as determined by the market.

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Weingarten Realty Investors
Debt Information
(in thousands, except percentages)
					4th Quarter						4th Quarter
		December 31,			Weighted			December 31,			Weighted
		2008			Average Rate			2007			Average Rate
Outstanding Balance Summary (1)
Mortgage Debt		$	1,003,709			6.37	%	$	1,035,578			7.19	%
7% 2011 Bonds			200,000			7.00	%		200,000			7.00	%
3.95% Convertible Bonds (2)			537,199			3.95	%		575,000			3.95	%
Unsecured Notes Payable			1,014,567			5.77	%		1,065,867			5.87	%
Revolving Credit Agreements (3)			383,000			2.55	%		255,000			5.54	%
Industrial Revenue Bonds			3,337			3.44	%		3,889			4.92	%
Obligations under Capital Leases			29,725			5.98	%		29,725			6.22	%
	Total Debt - As Reported		3,171,537			5.31	%		3,165,059			6.08	%
Less: Minority Partners' Interests			(204,353	)					(38,677	)
Plus: WRI Share of Unconsolidated Joint Ventures			164,699						115,967
	Total Debt - Pro rata Share	$	3,131,883			5.31	%	$	3,242,349			6.06	%
		December 31,						December 31,
		2008			% of Total			2007			% of Total
Fixed vs Variable Rate Debt (at Pro rata Share)
(includes the effect of interest rate swaps)
Fixed-rate debt		$	2,682,169			85.6	%	$	2,919,947			90.1	%
Variable-rate debt			449,714			14.4	%		322,402			9.9	%
	Total	$	3,131,883			100.0	%	$	3,242,349			100.0	%
Secured vs Unsecured Debt (at Pro rata Share)
Secured Debt		$	992,491			31.7	%	$	1,146,843			35.4	%
Unsecured Debt			2,139,392			68.3	%		2,095,506			64.6	%
	Total	$	3,131,883			100.0	%	$	3,242,349			100.0	%
Coverage Ratios (at Pro rata Share trailing 4 quarters)
Fixed Charge Coverage			1.99	x					2.07	x
Interest Coverage			2.37	x					2.29	x
Debt Service Coverage			2.31	x					2.24	x
		As			Pro rata
		Reported			Share
Weighted Average Interest Rates (1)
Three months ended 12/31/08			5.31	%		5.31	%
Twelve months ended 12/31/08			5.54	%		5.53	%
Twelve months ended 12/31/07			6.08	%		6.07	%
(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 five year option to redeem 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 2.34% in fourth quarter 2008 and 5.23% in fourth quarter 2007.

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Weingarten Realty Investors
Debt Information
(in thousands, except percentages)
Schedule of Maturities at December 31, 2008
	As Reported					Pro rata Share
	Maturities		Rate (6)			Maturities		Rate (6)			Floating Rate			Fixed Rate
2009  (1)		96,987		6.48	%		99,649		6.54	%		12,371			87,278
2010  (2)		127,975		6.43	%		139,391		6.45	%		2,424			136,967
2011  (3)		303,412		6.76	%		310,742		6.75	%		488			310,254
2012		334,701		5.51	%		338,091		5.53	%		679			337,412
2013		413,440		5.75	%		317,278		5.66	%		841			316,437
2014		374,743		5.36	%		386,364		5.36	%		3,102			383,262
2015		249,780		6.06	%		217,433		5.57	%		1,124			216,309
2016		147,123		6.27	%		176,995		5.77	%		1,296			175,699
2017		29,391		6.90	%		33,792		6.43	%		1,456			32,336
2018		54,007		8.28	%		33,942		5.59	%		1,553			32,389
Thereafter  (3)		609,636		4.39	%		647,864		4.10	%		29,239			618,625
Subtotal		2,741,195					2,701,541					54,573			2,646,968
Revolvers  (4)		383,000		3.30	%		383,000		3.30	%		383,000
Other  (5)		47,342					47,342					(37,859	)		85,201
Swap Maturities:
2014												50,000			(50,000	)
Total	$	3,171,537		5.54	%	$	3,131,883		5.53	%	$	449,714		$	2,682,169
(1) Includes $2.5 million of amortizing industrial revenue bonds with a final maturity date of 2015 that are currently callable by the lender.
(2) Includes $9.7 million of MTN's maturing 2028 with 12 and 20 year put options.
(3) Thereafter includes $537.2 million of Convertible debt maturing in 2026 which has a 5 year call and put option in 2011.
(4) Includes the effect of the commitment fee.
(5) Other includes capital leases, FAS 141 adjustment, market value of swaps, and a guarentee for the payment of bonds issued in connection with a project in Denver, Colorado.
(6) Interest rates exclude the effects of FAS 141 and loan costs related to financing.

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Weingarten Realty Investors
Tenant Diversification by Percent of Rental Revenues at Pro rata Share
(in thousands, except percentages and # of units)
					% of
					Pro rata
			# of Units		Rental			Square
Rank	Tenant Name	DBA’s			Revenue			Feet
1	THE KROGER CO.	Kroger, Smith Food, Ralphs, Fry's Food, King Soopers		30		2.15	%		1,504
2	ROSS STORES, INC.	Ross Dress for Less		34		1.60	%		749
3	T.J.X. COMPANIES, INC.	T.J. Maxx, Marshalls, Home Goods		32		1.60	%		788
4	HOME DEPOT, INC.			7		1.23	%		806
5	PUBLIX SUPER MARKETS, INC.			23		1.21	%		761
6	SAFEWAY, INC.	Safeway, Randalls, Von's		19		1.16	%		780
7	OFFICE DEPOT, INC.			26		1.06	%		525
8	PETSMART, INC.			20		0.97	%		364
9	GAP, INC.	Gap, Old Navy, Banana Republic		19		0.91	%		297
10	BLOCKBUSTER VIDEO			50		0.86	%		239
11	BARNES & NOBLE INC.	Barnes & Noble, Bookstop Booksellers		11		0.77	%		232
12	PETCO ANIMAL SUPPLIES, INC.			22		0.75	%		251
13	BED BATH & BEYOND, INC.			19		0.66	%		356
14	STAPLES			13		0.63	%		282
15	HARRIS TEETER			7		0.63	%		323
16	CIRCUIT CITY			6		0.62	%		225
17	OFFICE MAX INC.			11		0.61	%		250
18	RALEY'S	Raley's Bel Air Markets		6		0.61	%		331
19	WHOLE FOODS			6		0.61	%		218
20	H E BUTT GROCERY			6		0.61	%		291
21	TOYS 'R' US			9		0.57	%		312
22	BEST BUY, INC.			10		0.56	%		225
23	DOLLAR TREE STORES, INC.	Dollar Tree, Greenbacks		30		0.54	%		270
24	WASHINGTON MUTUAL BANK			29		0.53	%		104
25	FOOD LION			9		0.46	%		335
	Total			454		21.91	%		10,817

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Weingarten Realty Investors
Leasing Information
(in thousands, except percentages and # of units and leases, pro rata share)
Lease Expirations
	Shopping Center						Industrial						Total
	Percentage of						Percentage of						Percentage of
				Pro rata						Pro rata						Pro rata
Year Expiring	Sq. Ft.			Revenue			Sq. Ft.			Revenue			Sq. Ft.			Revenue
2009		8.31	%		8.89	%		18.51	%		18.14	%		10.87	%		9.95	%
2010		13.24	%		14.34	%		19.10	%		19.64	%		14.71	%		14.95	%
2011		14.34	%		15.32	%		13.87	%		15.57	%		14.22	%		15.35	%
2012		11.77	%		12.82	%		14.06	%		14.15	%		12.34	%		12.98	%
2013		12.97	%		13.10	%		14.78	%		14.90	%		13.42	%		13.30	%
2014-2018		23.63	%		23.15	%		18.79	%		16.53	%		22.42	%		22.40	%
2019-2028		15.15	%		11.72	%		0.89	%		1.07	%		11.57	%		10.49	%
Leasing Production - New Leases and Renewals
				Number						Increase
				of Leases			Square Feet			in Base Rent
Three Months Ended
December 31, 2008
Retail					290			1,023			6.6	%
Industrial					38			504			7.7	%
Total					328			1,527			6.8	%
Three Months Ended
December 31, 2007
Retail					264			921			11.4	%
Industrial					49			758			9.8	%
Total					313			1,679			11.1	%
Twelve Months Ended
December 31, 2008
Retail					1,065			3,927			11.0	%
Industrial					178			2,406			7.4	%
Total					1,243			6,333			10.2	%
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	%
Average Minimum Rent per Square Foot
	Quarter Ended
	December 31,			September 30,			June 30,			March 31,			December 31,
	2008			2008			2008			2008			2007
Retail	$	13.16		$	13.05		$	12.96		$	12.73		$	12.57
Industrial	$	4.98		$	4.92		$	4.91		$	4.92		$	4.86
Occupancy	Quarter Ended
	December 31,			September 30,			June 30,			March 31,			December 31,
	2008			2008			2008			2008			2007
Shopping Center Portfolio		93.0	%		94.5	%		94.2	%		94.8	%		95.1	%
Industrial Portfolio		91.6	%		91.4	%		91.9	%		90.7	%		92.0	%
Total Portfolio		92.6	%		93.7	%		93.6	%		93.7	%		94.4	%
Note: A space is considered occupied upon execution of a lease agreement.

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Weingarten Realty Investors
Property Information
(in thousands at pro rata share)
Property Investment Summary
			New		Major		All
	Acquisitions		Development		Repairs		Other		Total
Twelve Months Ended 12/31/2008	$	2,685	$	193,235	$	20,570	$	81,302	$	297,791
Year 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

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	Weingarten Realty Investors
	New Development Properties (By Stabilization)
	(in thousands at pro rata share, except percentages)
						Total Square		Percent Leased
						Feet of		(1)				Spent					Total Estimated						Est.
				WRI		building Area		Net				Year-To-			Spent		Investment (2)						Final	Estimated
				Own		(1)		@				Date			Inception		WRI		Gross				ROI	Stabilized
	Center Name	Location	Anchors	%		(Gross)	Net	100%		Gross		2008			to Date		Costs		Costs				%	Date
1	Palm Coast Landing at Town Center Phase 1*	Palm Coast, Florida	Target #	50.0	%	359	80	97.9	%	99.1	%	$	5,429		$	14,194	$	12,881	$	25,763	(4	)		2008
2	Raintree Ranch Center	Chandler (Phoenix),Arizona	Whole Foods	100.0	%	140	137	97.2	%	97.3	%		1,893			29,679		29,679		29,679				2008
3	The Village at Liberty Lake*	Liberty Lake, Washington	Home Depot #	50.0	%	159	0	100.0	%	100.0	%		(175	)		0		0		0	(3	)		2008
4	Colonial Landing	Orlando, Florida	TSA, HH Greg, Bed Bath, PetSmart	50.0	%	267	133	95.2	%	95.2	%		1,644			14,635		15,413		30,825				2008
5	Railwood G - Global Stainless BTS (industrial)*	Houston, Texas	Sumotiomo	50.0	%	211	105	100.0	%	100.0	%		5,409			5,409		5,686		11,372				2008
6	Sharyland Towne Crossing*	Mission, Texas	HEB, Target #	50.0	%	489	178	97.6	%	98.2	%		1,006			25,884		25,884		51,767				2008
	Total 2008 Stabilizations					1,624	634	97.5	%	98.2	%	$	15,206		$	89,802	$	89,543	$	149,407
1	Horne Street Market	Ft. Worth, Texas	24 Hour Fitness	100.0	%	47	42	100.0	%	89.4	%		4,458			9,033		10,614		10,614				2Q'09
2	Market at Sharyland Place*	Mission, Texas	Kohl's, Wal-Mart #	50.0	%	313	56	84.9	%	94.6	%		632			2,454		3,031		6,062				3Q'09
3	Jess Ranch Marketplace Phase II*	Apple Valley (Los Angeles),California	Winco #	50.0	%	308	107	90.5	%	93.4	%		4,197			17,210		19,012		38,025				4Q'09
4	ClayPoint Distribution Park (Industrial)	Houston, Texas	Pioneer	100.0	%	359	359	16.8	%	16.8	%		12,419			13,355		19,047		19,047				4Q'09
5	Phillips Crossing	Orlando, Florida	Golf Galaxy, Whole Foods, Michael's	100.0	%	146	146	84.9	%	84.9	%		12,744			26,053		28,007		28,007				4Q'09
	Total 2009 Stabilizations					1,173	711	59.0	%	69.0	%	$	34,449		$	68,105	$	79,711	$	101,754
1	Ridgeway Trace Center Phase 1	Memphis, Tennessee	Best Buy, Target #, Sports Authority	100.0	%	267	129	55.5	%	78.4	%		6,316			26,624		44,779		44,779				2010
2	Riverpoint at Sheridan Phase 1*	Sheridan (Denver),Colorado	Costco #, Target #	50.0	%	519	86	50.9	%	80.3	%		8,391			17,790		22,507		45,015				2010
3	Gardens on Havana Phase 1*	Aurora (Denver),Colorado	Kohl's, Target #	39.8	%	419	167	77.9	%	77.9	%		12,473			13,173		17,454		43,866				2010
4	Waterford	Leland (Wilmington),North Carolina	Harris Teeter	75.0	%	109	66	78.7	%	68.8	%		3,740			11,607		11,203		14,937				2010
5	Westwood Center	San Antonio, Texas	Wal-Mart #	100.0	%	444	91	5.2	%	49.4	%		7,909			15,971		16,653		16,653	(4	)		2010
6	Jess Ranch Marketplace Phase III*	Apple Valley (Los Angeles),California	Cinemark, Best Buy, Bed Bath, 24 Hour Fitness	50.0	%	195	97	76.9	%	76.9	%		13,423			17,429		23,216		46,432				2010
7	Clermont Landing	Clermont (Orlando),Florida	JC Penney #, Epic Theater #	55.0	%	367	104	63.6	%	79.6	%		8,460			15,771		19,058		34,651				2010
8	The Shoppes at Parkwood Ranch Phase 1	Mesa (Phoenix),Arizona	Hobby Lobby	100.0	%	106	93	77.5	%	80.3	%		6,681			10,554		15,878		15,878				2010
9	Mohave Crossroads Phase 1	Bullhead City, Arizona	Target #, Kohl's #	100.0	%	397	193	77.8	%	87.5	%		26,835			38,913		43,470		43,470				2010
10	PhillipsVillage	Orlando, Florida	Wal-Mart #	100.0	%	286	66	54.4	%	89.4	%		758			13,604		14,823		14,823				2010
11	Market at Nolana*	McAllen, Texas	Wal-Mart #	50.0	%	263	24	55.1	%	86.1	%		475			4,746		4,532		9,064	(4	)		2010
	Total 2010 Stabilizations					3,372	1,116	66.2	%	77.2	%	$	95,462		$	186,181	$	233,574	$	329,569
1	Westover Square	San Antonio, Texas	All Pad Site	67.0	%	60	0	0.0	%	0.0	%		334			2,688		0		0	(3	)		2011
2	Gardens on Havana Phase 2*	Aurora (Denver),Colorado	Kohl's, Target #	39.8	%	76	30	0.0	%	0.0	%		2,563			3,329		4,457		11,201				2011
3	Gateway Station	Ft. Worth, Texas	Conn's, Kohl's #, Best Buy #, Michaels #, Ross #	70.0	%	256	65	32.1	%	75.2	%		4,351			7,207		10,517		15,024				2011
4	Ridgeway Trace Center Phase 2	Memphis, Tennessee	Best Buy, Target #, Sports Authority	100.0	%	45	45	0.0	%	0.0	%		668			7,771		13,116		13,116				2011
5	Surf City Crossing	Surf City (Wilmington),North Carolina	Harris Teeter	75.0	%	101	50	72.6	%	52.3	%		102			4,536		7,025		9,367				2011
6	The Shoppes at Parkwood Ranch Phase 2	Mesa (Phoenix),Arizona	Hobby Lobby	100.0	%	15	15	0.0	%	0.0	%		414			1,679		3,453		3,453				2011
7	Epic Village Phase I - St. Augustine	St. Augustine, Florida	Epic Theatre #	70.0	%	98	31	16.3	%	62.3	%		3,722			3,780		7,277		10,396				2011
8	300 West Town Center*	Salt Lake City, Utah	Target #	31.8	%	247	26	0.0	%	10.9	%		4,116			4,209		6,876		21,624				2011
	Total 2011 Stabilizations					896	262	20.4	%	37.2	%	$	16,270		$	35,199	$	52,721	$	84,181
1	Riverpoint at Sheridan Phase 2*	Sheridan (Denver),Colorado	Costco #, Target #	50.0	%	260	130	0.0	%	0.0	%		4,512			13,374		21,100		42,200				2012
2	Palm Coast Landing at Town Center Phase 2*	Palm Coast, Florida	Target #	50.0	%	78	0	0.0	%	0.0	%		3,649			5,133		2,272		4,543	(4	)		2012
3	Mohave Crossroads Phase 2	Bullhead City, Arizona	Target #, Kohl's #	100.0	%	31	31	0.0	%	0.0	%		2,661			4,610		5,526		5,526				2012
4	Tomball Marketplace	Tomball (Houston),Texas	Academy #	100.0	%	351	245	14.7	%	34.5	%		5,827			30,480		47,878		47,878				2012
5	The Shoppes at Wilderness Oaks	San Antonio, Texas	All Pad Site	100.0	%	79	44	3.4	%	1.9	%		11,861			11,861		9,480		9,480	(4	)		2012
6	North Towne Plaza	Brownsville, Texas	Lowe's #	75.0	%	276	111	0.0	%	42.4	%		3,337			11,161		18,413		24,551				2012
	Total 2012 Stabilizations					1,075	562	5.2	%	22.3	%	$	31,847		$	76,618	$	104,668	$	134,177
Total 25 Properties Under Development (exclusive of phasing)						6,517	2,651	47.3	%	61.2	%	$	178,029		$	366,104	$	470,674	$	649,681			8.1%
Total 30 New Development Properties (exclusive of phasing)						8,141	3,285	59.0	%	68.6	%	$	193,235		$	455,905	$	560,217	$	799,088			8.3%

	*  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 and excluding other possible future building area
(2)	Net of expected proceeds not yet received from anchor and pad sales
(3)	WRI will not have an investment interest after pad sale considerations
(4)	Total estimated costs are net of land sales
	Note:  Phased projects are counted as one project

Page 17

Weingarten Realty Investors
As of December 31, 2008
in thousands, except acres
Land Held for Development
		Ownership			Gross		Investment
Location		Interest			Acres			100	%	Pro Rata
FM 1957 (Potranco Rd) and FM 211, San Antonio (Stevens Ranch)			50.0	%		198.7
Rock Prairie Rd. at Hwy. 6, College Station			100.0	%		82.0
South Fulton Parkway and SH 92, Union City - Atlanta			100.0	%		81.6
US Hwy 1 and Caveness Farms Road, Wake Forest - Raleigh			100.0	%		79.9
Shary Road and US Hwy 83, Mission (North Sharyland)			50.0	%		36.9
Creedmoor (Highway 50) and Crabtree Valley Avenue, Raleigh			100.0	%		13.2
Northwest Freeway at Gessner, Houston *			100.0	%		4.9
West Loop North at Interstate 10, Houston *			100.0	%		3.3
Citadel Plaza at 610 North Loop, Houston *			100.0	%		3.1
US Hwy 15-501 & Bruce Wood Rd., Southern Pines, NC			100.0	%		24.0
FM 2920 and Future 249, Tomball - Houston			100.0	%		8.4
Culebra Road and Westwood Loop, San Antonio (Westwood)			100.0	%		9.3
Bear Valley Road at Jess Ranch Parkway, Apple Valley (Jess Ranch II)			50.0	%		3.2
Bear Valley Road at Jess Ranch Parkway, Apple Valley (Jess Ranch III)			50.0	%		10.3
Highway 17 and Highway 210, Surf City			75.0	%		36.5
US Hwy 17 & US Hwy 74/76, Leland (Waterford)			75.0	%		8.3
Decatur at 215 - Las Vegas			100.0	%		25.3
Mississippi at Havana, Aurora (Gardens on Havana) - Denver			39.8	%		9.6
Lon Adams Rd at Tangerine Farms Rd (Gladden Farms) - Tuscan			50.0	%		10.7
Young Pines and Curry Ford Rd, Orange County, Florida - Orlando (Curry Ford)			100.0	%		3.0
Other *			100.0	%		32.6
Total Land Held Properties						684.9	$	143,197		$	114,232
* Represents land parcels held by WRI for many years that have never been reported as new development assets.
Note: Land costs account for $123.4 million of total investment at 100%, $96.0 million at pro rata share.
Acquisitions
		Sq. Ft.
		of Bldg. Area			Date		Total
Center	City/State	at 100%			Acquired		Investment			Yield
Wholly-Owned Acquisitions
Shopping Centers
Kirby Strip Center	Houston, TX		10		05/27/08
Joint Venture Acquisitions
Shopping Centers
Shoppes of Port Charlotte (25%)	Port Charlotte, FL		4		01/08/08
Grand Total Acquisitions (Y-T-D)			14				$	2,685			6.64	%

Page 18

Weingarten Realty Investors
Disposition Summary
(in thousands at pro rata share)
		Sq. Ft.					Weighted
		of Bldg. Area		Date	Sales		Sales
Center	City/State	at 100%		Sold	Proceeds		Cap
Operating Property Sales
Shopping Centers
Eastpark Shopping Center	Houston, TX		113	2/1/08
Ralph's Center	Redondo Beach, CA		60	3/11/08
Southcliff Shopping Center	Fort Worth, TX		116	4/7/08
Park Terrace Shopping Center	De Ridder, LA		131	5/28/08
Brodie Oaks	Austin, TX		227	6/20/08
Northway Shopping Center	Houston, TX		217	6/25/08
River Pointe	Conroe, TX		45	7/17/08
Conn's Building	Lake Charles, LA		23	8/5/08
Siegen Plaza	Baton Rouge, LA		156	11/6/08
Subtotal - Shopping Centers			1,088
Industrial
Wells Branch Corporate Center	Austin, TX		59	5/8/08
Subtotal - Industrial			59
Total Operating Property Sales (Y-T-D)			1,147		$	144,025		7.75	%
Land and Merchant Development Sales
Shopping Centers
Green Valley Ranch - KFC	Denver, CO			1/9/08
Eastpark - Land	Houston, TX			1/31/08
Westwood Center - Firstmark Credit Union	San Antonio, TX			3/14/08
Clermont Landing - Red Lobster	Clermont, FL			4/14/08
Clermont Landing - Olive Garden	Clermont, FL			4/14/08
Harrison Pointe Shopping Center - Undeveloped Pad	Clermont, FL			4/15/08
Rock Prairie Marketplace - Undeveloped Pad	College Station, TX			5/6/08
Shoppes of Caverness Farms - Red Robin	Wake Forest, NC			5/20/08
Waterford Shopping Center - Undeveloped Pad	Leland, NC			5/27/08
US 290 at  Gessner - Rudy's BBQ and Country Store	Houston, TX			5/29/08
Westwood Center - Arby's	San Antonio, TX			6/6/08
Bridges at Smoky Hill - Undeveloped Pad	Centennial, CO			6/17/08
Charleston Commons - Bus Turnout	Las Vegas, NV			6/24/08
Raintree Ranch Shopping Center - Panda Express	Chandler, AZ			6/26/08
Westland Fair Shopping Center - Two Tracts	Las Vegas, NV			7/3/08
Shoppes of Caverness Farms - Chili's	Wake Forest, NC			7/11/08
Village at Liberty Lake - Washington Federal S & L	Liberty Lake, WA			7/16/08
The Shoppes at Parkwood Ranch - Undeveloped Pad	Mesa, AZ			8/6/08
Shoppes of Caverness Farms - Texas Roadhouse	Wake Forest, NC			9/3/08
Surf City Crossing - Undeveloped Pad	Surf City, NC			9/11/08
Palm Coast Landing - McDonald's	Palm Coast, FL			9/17/08
Palm Coast Landing - SunTrust Bank	Palm Coast, FL			9/22/08
Summerhill Plaza Shopping Center - Two Tracts	Citrus Heights, CA			11/25/08
Kennesaw 75 - Right of Way for Road Widening	Kennesaw, GA			12/2/08
Total Land and Merchant Development Sales (Y-T-D)					$	18,955
Grand Total					$	162,980

Page 19

Weingarten Realty Investors
Total Net Operating Income at Pro rata Share by Geographic Region (1)
(in thousands, except percentages)
	Twelve Months Ended December 31,
	2008			%			2007			%			2006			%			2005		%			2004		%
Western Region
California	$	51,176			11.8	%	$	50,503			11.3	%	$	50,074			12.1	%	$	47,868		12.2	%	$	42,159		11.9	%
Nevada		34,360			7.9	%		31,338			7.0	%		27,796			6.7	%		25,161		6.4	%		19,705		5.5	%
Arizona		26,181			6.0	%		23,192			5.2	%		15,009			3.6	%		14,965		3.8	%		13,312		3.7	%
Colorado		10,779			2.5	%		12,162			2.7	%		13,488			3.3	%		11,447		2.9	%		10,907		3.1	%
New Mexico		11,355			2.6	%		10,472			2.3	%		11,394			2.8	%		10,315		2.6	%		8,356		2.3	%
Utah		3,614			0.8	%		3,545			0.8	%		3,231			0.8	%		2,926		0.7	%		2,741		0.8	%
Oregon		1,385			0.3	%		929			0.2	%		46			0.0	%		-		0.0	%		-		0.0	%
Washington		1,193			0.3	%		1,295			0.3	%		251			0.1	%		-		0.0	%		-		0.0	%
Total Western Region		140,044			32.2	%		133,437			29.8	%		121,289			29.4	%		112,683		28.6	%		97,179		27.3	%
Central Region
Texas	$	134,805			31.0	%	$	154,800			34.7	%	$	154,473			37.4	%	$	157,357		40.0	%	$	150,296		42.3	%
Louisiana		10,907			2.5	%		12,831			2.9	%		12,754			3.1	%		13,600		3.5	%		15,693		4.4	%
Kansas		1,949			0.4	%		1,980			0.4	%		3,714			0.9	%		6,282		1.6	%		6,926		1.9	%
Arkansas		3,006			0.7	%		3,028			0.7	%		3,505			0.9	%		3,855		1.0	%		3,351		0.9	%
Mississippi		(0	)		0.0	%		(0	)		0.0	%		(6	)		0.0	%		956		0.2	%		1,016		0.3	%
Illinois		3,129			0.6	%		2,378			0.5	%		2,985			0.7	%		2,870		0.7	%		2,959		0.8	%
Missouri		1,182			0.3	%		1,439			0.3	%		2,193			0.5	%		2,827		0.7	%		2,719		0.8	%
Oklahoma		955			0.2	%		1,009			0.2	%		3,002			0.7	%		3,616		0.9	%		3,558		1.0	%
Total Central Region		155,934			35.7	%		177,465			39.7	%		182,621			44.2	%		191,364		48.6	%		186,518		52.4	%
Eastern Region
Florida	$	70,335			16.2	%	$	67,400			15.1	%	$	56,601			13.7	%	$	46,076		11.9	%	$	40,054		11.4	%
North Carolina		26,978			6.2	%		27,027			6.2	%		23,694			5.7	%		19,749		5.0	%		14,948		4.2	%
Virginia		2,551			0.6	%		2,036			0.5	%		-			0.0	%		-		0.0	%		-		0.0	%
South Carolina		276			0.1	%		287			0.1	%		242			0.1	%		-		0.0	%		-		0.0	%
Georgia		25,039			5.8	%		23,929			5.4	%		14,861			3.6	%		12,119		3.1	%		8,483		2.4	%
Tennessee		7,015			1.6	%		6,964			1.6	%		7,386			1.8	%		5,967		1.5	%		5,777		1.6	%
Kentucky		6,629			1.5	%		6,787			1.5	%		5,944			1.4	%		4,719		1.2	%		2,179		0.6	%
Maine		278			0.1	%		381			0.1	%		433			0.1	%		538		0.1	%		457		0.1	%
Total Eastern Region		139,101			32.1	%		134,811			30.5	%		109,161			26.4	%		89,167		22.8	%		71,899		20.3	%
Total Net Operating Income	$	435,079			100.0	%	$	445,713			100.0	%	$	413,072			100.0	%	$	393,214		100.0	%	$	355,596		100.0	%
(1) The Net Operating Income at Pro rata 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. Net Operating Income excludes the effect of lease cancellation income and straight-line rent adjustments. Pro rata financial information is not, and is not intended to be, a presentation in accordance with generally accepted accounting principles.

Page 20

Weingarten Realty Investors
Average Base Rents by CBSA
As of: 12/31/2008
In Thousands, except per square foot amounts
Economics reflect WRI's pro rata 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	$	10.39		126	$	1,018	$	8.07		37	$	679	$	18.22
Lake Havasu City-Kingman, AZ		1		149	$	13.85		92	$	995	$	10.82		29	$	682	$	23.38
Phoenix-Mesa-Scottsdale, AZ		17		1,360	$	14.59		700	$	6,075	$	8.67		507	$	11,542	$	22.76
Tucson, AZ		5		729	$	13.40		460	$	4,080	$	8.88		182	$	4,512	$	24.81
Arizona		24		2,403	$	13.87		1,378	$	12,167	$	8.83		756	$	17,416	$	23.05
Los Angeles-Long Beach et al, CA		3		584	$	17.05		395	$	5,583	$	14.12		152	$	3,748	$	24.71
Madera, CA		1		85	$	12.27		52	$	488	$	9.37		26	$	464	$	18.18
Modesto, CA		1		79	$	15.19		47	$	515	$	10.84		30	$	664	$	22.07
Redding, CA		1		121	$	17.15		65	$	560	$	8.67		53	$	1,451	$	27.55
Riverside et al, CA		4		608	$	18.90		293	$	3,411	$	11.65		210	$	6,095	$	28.99
Sacramento--Arden et al, CA		5		630	$	12.49		330	$	1,751	$	5.30		238	$	5,342	$	22.47
San Diego-Carlsbad et al, CA		2		157	$	20.70		73	$	739	$	10.16		80	$	2,431	$	30.23
San Francisco-Oakland et al, CA		3		447	$	21.48		246	$	3,509	$	14.28		181	$	5,660	$	31.23
San Jose-Sunnyvale et al, CA		2		146	$	18.86		66	$	423	$	6.43		69	$	2,128	$	30.65
Santa Cruz-Watsonville, CA		1		150	$	9.28		93	$	466	$	5.00		47	$	836	$	17.74
Santa Rosa-Petaluma, CA		1		199	$	13.53		55	$	393	$	7.20		30	$	758	$	24.88
Vallejo-Fairfield, CA		3		364	$	16.91		165	$	1,214	$	7.37		155	$	4,190	$	27.04
California		27		3,569	$	16.76		1,879	$	19,053	$	10.14		1,272	$	33,768	$	26.55
Colorado Springs, CO		2		297	$	9.09		243	$	1,843	$	7.59		50	$	817	$	16.48
Denver-Aurora, CO		8		643	$	17.24		259	$	3,178	$	12.26		252	$	5,637	$	22.36
None		1		111	$	10.84		87	$	640	$	7.39		23	$	546	$	23.90
Colorado		11		1,050	$	13.86		589	$	5,661	$	9.61		325	$	7,001	$	21.57
Las Vegas-Paradise, NV		12		2,746	$	13.37		1,945	$	18,080	$	9.30		691	$	17,148	$	24.82
Nevada		12		2,746	$	13.37		1,945	$	18,080	$	9.30		691	$	17,148	$	24.82
Albuquerque, NM		4		502	$	15.04		310	$	3,662	$	11.80		166	$	3,493	$	21.09
Santa Fe, NM		1		250	$	13.92		105	$	1,120	$	10.62		86	$	1,547	$	17.98
New Mexico		5		752	$	14.72		416	$	4,782	$	11.50		252	$	5,040	$	20.02
Portland-Vancouver et al, OR-WA		3		120	$	13.09		66	$	559	$	8.51		46	$	897	$	19.69
Oregon		3		120	$	13.09		66	$	559	$	8.51		46	$	897	$	19.69
Provo-Orem, UT		1		30	$	15.07		12	$	158	$	13.43		18	$	287	$	16.16
Salt Lake City, UT		2		276	$	12.42		175	$	1,771	$	10.11		84	$	1,455	$	17.24
Utah		3		307	$	12.69		187	$	1,929	$	10.32		102	$	1,741	$	17.05
Seattle-Tacoma-Bellevue, WA		4		82	$	16.95		64	$	938	$	14.72		15	$	388	$	26.75
Washington		4		82	$	16.95		64	$	938	$	14.72		15	$	388	$	26.75
Total West Region		89		11,029	$	14.69		6,523	$	63,169	$	9.68		3,457	$	83,399	$	24.13
Central Region
Little Rock-N. Little Rock, AR		3		358	$	8.74		298	$	2,262	$	7.59		48	$	758	$	15.92
Arkansas		3		358	$	8.74		298	$	2,262	$	7.59		48	$	758	$	15.92
Chicago et al, IL-IN-WI		1		304	$	11.31		268	$	2,675	$	9.97		24	$	625	$	26.59
Illinois		1		304	$	11.31		268	$	2,675	$	9.97		24	$	625	$	26.59
Kansas City, MO-KS		1		135	$	9.58		76	$	601	$	7.89		36	$	469	$	13.20
Topeka, KS		1		116	$	11.26		116	$	1,303	$	11.26		0	$	0	$	0.00
Kansas		2		251	$	10.44		192	$	1,904	$	9.92		36	$	469	$	13.20
Hammond, LA		1		226	$	6.69		135	$	544	$	4.02		86	$	939	$	10.88
Lafayette, LA		2		154	$	9.91		73	$	572	$	7.82		76	$	907	$	11.91

Page 21

							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
Lake Charles, LA		4		458	$	7.15		301	$	1,609	$	5.34		99	$	1,253	$	12.62
Monroe, LA		1		141	$	5.47		87	$	293	$	3.37		50	$	454	$	9.12
New Orleans-Metairie-Kenner, LA		1		156	$	14.94		78	$	772	$	9.87		74	$	1,498	$	20.33
Shreveport-Bossier City, LA		1		46	$	16.16		27	$	357	$	13.43		14	$	302	$	21.28
Louisiana		10		1,183	$	8.63		701	$	4,146	$	5.91		399	$	5,354	$	13.40
St. Louis, MO-IL		2		229	$	10.09		115	$	1,028	$	8.93		50	$	637	$	12.79
Missouri		2		229	$	10.09		115	$	1,028	$	8.93		50	$	637	$	12.79
Oklahoma City, OK		2		172	$	7.62		107	$	580	$	5.40		55	$	655	$	11.99
Oklahoma		2		172	$	7.62		107	$	580	$	5.40		55	$	655	$	11.99
Amarillo, TX		3		219	$	10.66		68	$	492	$	7.27		125	$	1,566	$	12.48
Beaumont-Port Arthur, TX		8		413	$	9.21		159	$	749	$	4.71		138	$	1,990	$	14.41
College Station-Bryan, TX		1		107	$	10.77		86	$	923	$	10.74		15	$	164	$	10.95
Corpus Christi, TX		2		490	$	12.87		281	$	2,789	$	9.92		191	$	3,283	$	17.21
Dallas-Fort Worth-Arlington, TX		9		1,213	$	12.47		635	$	5,942	$	9.36		436	$	7,404	$	16.99
Houston-Baytown-Sugar Land, TX		61		4,614	$	13.21		2,586	$	24,182	$	9.35		1,508	$	29,896	$	19.83
Killeen-Temple-Fort Hood, TX		1		115	$	11.82		98	$	1,033	$	10.52		15	$	304	$	20.41
Laredo, TX		2		377	$	14.04		260	$	3,024	$	11.65		100	$	2,024	$	20.25
Lubbock, TX		2		182	$	8.49		143	$	955	$	6.67		36	$	569	$	15.68
Lufkin, TX		1		248	$	6.90		205	$	1,069	$	5.22		34	$	578	$	17.07
McAllen-Edinburg-Pharr, TX		7		475	$	11.78		372	$	3,645	$	9.81		86	$	1,751	$	20.33
Rio Grande City, TX		1		88	$	11.31		76	$	788	$	10.42		12	$	202	$	16.98
San Antonio, TX		7		571	$	11.74		363	$	3,151	$	8.69		164	$	3,031	$	18.50
Texarkana, TX-Texarkana, AR		1		97	$	4.32		54	$	173	$	3.18		20	$	150	$	7.35
Tyler, TX		1		60	$	7.77		33	$	212	$	6.35		11	$	132	$	12.11
Texas		107		9,271	$	12.30		5,418	$	49,126	$	9.07		2,891	$	53,043	$	18.35
Total Central Region		127		11,767	$	11.63		7,100	$	61,722	$	8.69		3,502	$	61,540	$	17.57
East Region
Fort Walton Beach et al, FL		2		70	$	15.67		51	$	698	$	13.63		16	$	348	$	22.44
Jacksonville, FL		1		312	$	9.22		250	$	1,847	$	7.38		52	$	937	$	18.13
Miami-Fort Lauderdale et al, FL		16		2,132	$	14.79		1,172	$	11,225	$	9.58		785	$	17,720	$	22.56
Orlando, FL		13		1,652	$	15.56		1,071	$	13,487	$	12.59		433	$	9,916	$	22.89
Palm Bay-Melbourne et al, FL		3		182	$	8.84		106	$	618	$	5.82		61	$	865	$	14.07
Palm Coast, FL		1		76	$	16.59		53	$	739	$	13.81		13	$	360	$	28.29
Port St. Lucie-Fort Pierce, FL		1		50	$	10.51		37	$	315	$	8.51		5	$	123	$	26.54
Punta Gorda, FL		2		25	$	17.84		15	$	215	$	14.34		8	$	187	$	24.85
Sarasota-Bradenton-Venice, FL		1		97	$	10.60		46	$	324	$	7.13		40	$	580	$	14.58
Tampa-St. Petersburg et al, FL		4		920	$	13.52		577	$	5,834	$	10.10		305	$	6,089	$	19.99
Florida		44		5,517	$	14.21		3,380	$	35,303	$	10.45		1,717	$	37,124	$	21.63
Atlanta-Sandy Springs et al, GA		14		1,693	$	13.56		1,090	$	10,859	$	9.97		506	$	10,771	$	21.30
Gainesville, GA		1		93	$	13.36		70	$	795	$	11.31		19	$	394	$	21.07
Georgia		15		1,785	$	13.55		1,160	$	11,654	$	10.05		524	$	11,165	$	21.29
Lexington-Fayette, KY		2		304	$	13.63		207	$	1,837	$	8.88		191	$	3,587	$	18.77
Louisville, KY-IN		1		169	$	12.04		73	$	628	$	8.56		63	$	1,016	$	16.07
Kentucky		3		473	$	13.22		280	$	2,464	$	8.80		254	$	4,602	$	18.10
Lewiston-Auburn, ME		1		148	$	4.94		96	$	418	$	4.36		27	$	188	$	7.05
Maine		1		148	$	4.94		96	$	418	$	4.36		27	$	188	$	7.05
Charlotte-Gastonia et al, NC-SC		4		319	$	17.23		154	$	2,099	$	13.67		128	$	2,756	$	21.47
Durham, NC		6		342	$	10.96		172	$	1,512	$	8.78		120	$	1,688	$	14.11
Raleigh-Cary, NC		13		1,681	$	11.50		1,054	$	8,080	$	7.67		574	$	10,642	$	18.53
Southern Pines-Pinehurst, NC		1		250	$	8.29		162	$	859	$	5.31		72	$	1,079	$	15.02
Wilmington, NC		1		52	$	11.74		37	$	300	$	8.20		13	$	287	$	21.38
North Carolina		25		2,645	$	11.79		1,578	$	12,850	$	8.14		908	$	16,452	$	18.13
Hilton Head Island-Beaufort, SC		1		22	$	15.06		5	$	45	$	8.50		14	$	248	$	17.49
South Carolina		1		22	$	15.06		5	$	45	$	8.50		14	$	248	$	17.49

Page 22

							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		435	$	11.12		264	$	2,279	$	8.64		127	$	2,067	$	16.26
Tennessee		6		435	$	11.12		264	$	2,279	$	8.64		127	$	2,067	$	16.26
Total East Region		95		11,025	$	13.24		6,762	$	65,013	$	9.61		3,571	$	71,846	$	20.12
Total Retail		311		33,821	$	13.16		20,386	$	189,905	$	9.32		10,529	$	216,785	$	20.59
Industrial
West Region
San Diego-Carlsbad et al, CA		1		145	$	7.06		66	$	463	$	6.98		1	$	11	$	12.60
California		1		145	$	7.06		66	$	463	$	6.98		1	$	11	$	12.60
Total West Region		1		145	$	7.06		66	$	463	$	6.98		1	$	11	$	12.60
Central Region
Austin-Round Rock, TX		6		446	$	9.71		88	$	894	$	10.20		281	$	2,683	$	9.55
Dallas-Fort Worth-Arlington, TX		16		2,454	$	4.78		1,659	$	6,915	$	4.17		547	$	3,640	$	6.65
Houston-Baytown-Sugar Land, TX		31		3,663	$	5.48		2,755	$	13,851	$	5.03		675	$	4,937	$	7.32
San Antonio, TX		3		545	$	5.93		313	$	1,784	$	5.69		185	$	1,175	$	6.33
Texas		56		7,107	$	5.52		4,815	$	23,444	$	4.87		1,688	$	12,435	$	7.36
Total Central Region		56		7,107	$	5.52		4,815	$	23,444	$	4.87		1,688	$	12,435	$	7.36
East Region
Lakeland, FL		2		768	$	4.54		708	$	3,213	$	4.54		0	$	0	$	0.00
Tampa-St. Petersburg et al, FL		3		896	$	4.43		788	$	3,468	$	4.40		17	$	97	$	5.64
Florida		5		1,665	$	4.48		1,495	$	6,682	$	4.47		17	$	97	$	5.64
Atlanta-Sandy Springs et al, GA		10		1,610	$	3.75		1,216	$	4,545	$	3.74		21	$	96	$	4.61
Georgia		10		1,610	$	3.75		1,216	$	4,545	$	3.74		21	$	96	$	4.61
Memphis, TN-MS-AR		3		685	$	2.54		520	$	1,322	$	2.54		1	$	3	$	4.55
Tennessee		3		685	$	2.54		520	$	1,322	$	2.54		1	$	3	$	4.55
Richmond, VA		9		861	$	4.81		715	$	3,396	$	4.75		5	$	62	$	13.30
Virginia		9		861	$	4.81		715	$	3,396	$	4.75		5	$	62	$	13.30
Total East Region		27		4,820	$	4.06		3,946	$	15,944	$	4.04		43	$	257	$	5.95
Total Industrial		84		12,072	$	4.98		8,827	$	39,851	$	4.51		1,733	$	12,703	$	7.33
Joint venture properties are reflected at WRI's pro rata share
Occupied SF based on commenced leases
# of properties and GLA differ from property list due to new development properties with no commenced leases and the combining of certain properties on the property list

Page 23

Weingarten Realty Investors
Property Listing at December 31, 2008
		Gross Leasable Area
	# of	WRI	Joint Venture	Owned
ALL PROPERTIES BY STATE	Properties	Owned	Share	by Other	Total
Arizona	25	2,424,408	-	1,191,002	3,615,410
Arkansas	3	357,740	-	-	357,740
California	29	3,844,080	859,793	551,304	5,255,177
Colorado	12	1,198,924	1,015,334	1,384,863	3,599,119
Florida	50	7,250,526	2,258,243	1,340,913	10,846,046
Georgia	23	3,395,035	761,743	716,003	4,872,781
Illinois	1	303,566	-	-	303,566
Kansas	2	250,855	-	-	250,855
Kentucky	4	597,489	-	122,454	719,943
Louisiana	12	1,182,795	435,491	781,925	2,400,211
Maine	1	148,384	49,461	-	197,845
Missouri	2	229,232	28,317	-	257,549
Nevada	12	2,894,975	-	625,737	3,520,712
New Mexico	6	1,019,480	-	396,750	1,416,230
North Carolina	26	2,681,112	163,424	742,374	3,586,910
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	1,191,269	671,047	137,740	2,000,056
Texas	163	17,097,880	5,340,380	3,089,187	25,527,443
Utah	4	306,638	60,772	296,357	663,767
Virginia	9	860,643	1,607,139	-	2,467,782
Washington	5	81,877	327,505	198,220	607,602
Grand Total	404	47,630,034	13,734,166	11,637,429	72,997,987
Total Retail	323	35,249,290	8,448,438	11,637,429	55,331,515
Total Industrial	78	12,099,173	5,285,728	-	17,384,901
Total Other	3	281,571	-	-	281,571
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 24

Weingarten Realty Investors
Property Listing at December 31, 2008
					Gross Leasable Area
						Joint
Center	Location	Anchors	WRI	Foot	WRI	Venture	Owned by
			Owned %	Notes	Owned	Share	Other	Total
Retail
Operating Properties
Arizona
Palmilla Center	Dysart Rd. at McDowell Rd., Avondale	Office Max, PetsMart, Dollar Tree, Fry’s Supermarket + (O.B.O.)	100.00%		103,568	0	65,574	169,142
University Plaza	Plaza Way at Milton Rd., Flagstaff	PetsMart, Safeway +, Ross Dress for Less, Bed Bath & Beyond, Dollar Tree	100.00%		165,621	0	0	165,621
Val Vista Towne Center	Warner at Val Vista Rd., Gilbert	Target (O.B.O.), Staples, Ross Dress for Less, Petco	100.00%		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.)	100.00%		29,834	0	146,624	176,458
Fry's Ellsworth Plaza	Broadway Rd. at Ellsworth Rd., Mesa	Fry’s Supermarket + (O.B.O.)	100.00%		9,034	0	64,574	73,608
Monte Vista Village Center	Baseline Rd. at  Ellsworth Rd., Mesa	Safeway + (O.B.O.)	100.00%		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	100.00%		69,568	0	136,000	205,568
Camelback Village Square	Camelback at 7th Avenue, Phoenix	Fry’s Supermarket +, Target (O.B.O.), Office Max	100.00%		134,494	0	100,000	234,494
Laveen Village Market	Baseline Rd. at  51st St., Phoenix	Fry’s Supermarket + (O.B.O.), Home Depot (O.B.O.)	100.00%		40,025	0	71,619	111,644
Rancho Encanto	35th Avenue at Greenway Rd., Phoenix	Blockbuster, Fresh N Easy +, Family Dollar	100.00%		66,837	0	0	66,837
Squaw Peak Plaza	16th Street at Glendale Ave., Phoenix	Basha's +, Blockbuster	100.00%		61,060	0	0	61,060
Fountain Plaza	77th St. at McDowell, Scottsdale	Fry’s Supermarket +, Dollar Tree, Lowes (O.B.O.)	100.00%		102,271	0	165,000	267,271
Scottsdale Horizon	Frank Lloyd Wright Blvd and Thompson Peak Parkway, Scottsdale	Baja Fresh Mexican Grill	100.00%		10,337	0	0	10,337
Basha's Valley Plaza	S. McClintock at E. Southern, Tempe	Basha’s +, Ross Dress for Less	100.00%		145,104	0	0	145,104
Broadway Marketplace	Broadway at Rural, Tempe	Office Max, Ace Hardware	100.00%		82,757	0	0	82,757
Pueblo Anozira	McClintock Dr. at Guadalupe Rd., Tempe	Fry’s Food & Drug +, Petco, Dollar Tree	100.00%		157,309	0	0	157,309
Entrada de Oro	Magee Road and Oracle Road, Tucson	Wal-Mart Neighborhood Market	100.00%		88,685	0	20,406	109,091
Madera Village	Tanque Verde Rd. and Catalina Hwy, Tucson	Safeway +, Walgreen's, Ace Hardware	100.00%		96,732	0	10,594	107,326
Oracle Crossings	Oracle Highway and Magee Road, Tucson	Kohl's, Sprouts Farmers Market +	100.00%		243,625	0	10,000	253,625
Oracle Wetmore	Wetmore Road and Oracle Highway, Tucson	Home Depot, Circuit City, PetSmart, Walgreens	100.00%		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	100.00%		43,928	0	21,851	65,779
Arizona Total:	# of Properties:  21				2,046,005	0	993,642	3,039,647
Arkansas
Markham Square	W. Markham at John Barrow, Little Rock	Burlington Coat Factory	100.00%		126,904	0	0	126,904
Markham West	11400 W. Markham, Little Rock	Office Depot, Michael’s, Academy, Bassett Furniture, Dollar Tree	100.00%		178,210	0	0	178,210
Westgate	Cantrell at Bryant, Little Rock	SteinMart	100.00%		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 +, Buck-A-Roos	100.00%		75,500	0	0	75,500
Southampton Center	IH-780 at Southampton Rd., Benecia	Raley’s +, Ace Hardware, Hollywood Video	100.00%		162,390	0	0	162,390
580 Market Place	E. Castro Valley at Hwy. I-580, Castro Valley	P. W. Supermarkets +, Petco, 24 Hour Fitness	100.00%		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, Ace Hardware	100.00%		309,098	0	0	309,098
Buena Vista Marketplace	Huntington Dr. at Buena Vista St., Duarte	Ralph's +	100.00%		90,805	0	0	90,805
El Camino Promenade	El Camino Real at Via Molena, Encinitas	T.J. Maxx,  Beverages & More, Staples, Golf Galaxy	100.00%		129,753	0	0	129,753
Fremont Gateway Plaza	Paseo Padre Pkwy. at Walnut Ave., Fremont	Raley’s +, NAZ Cinema, 24 Hour Fitness	100.00%		194,601	0	0	194,601
Hallmark Town Center	W. Cleveland Ave. at Stephanie Ln., Madera	Food 4 Less + , Bally’s	100.00%		85,066	0	0	85,066
Menifee Town Center	Antelope Rd. at Newport Rd., Menifee	Ralph's +, Target (O.B.O.), Ross Dress for Less	100.00%		124,494	0	124,000	248,494
Marshalls Plaza	McHenry at Sylvan Ave., Modesto	Marshall’s, Dress Barn, Guitar Center	100.00%		78,752	0	0	78,752
Prospectors Plaza	Missouri Flat Rd. at US Hwy. 50, Placerville	SaveMart +, Kmart, Long’s Drug Store	100.00%		228,345	0	0	228,345
Shasta Crossroads	Churn Creek Rd. at Dana Dr., Redding	Food Maxx +, Target (O.B.O.), Sports Authority (O.B.O.), Ashley Furniture (O.B.O.)	100.00%		121,334	0	131,468	252,802
Arcade Square	Watt Ave. at Whitney Ave., Sacramento	Grocery Outlet +	100.00%		76,497	0	0	76,497
Discovery Plaza	W. El Camino Ave. at Truxel Rd., Sacramento	Bel Air Market +, Blockbuster	100.00%		93,398	0	0	93,398

Page 25

Weingarten Realty Investors
Property Listing at December 31, 2008
					Gross Leasable Area
						Joint
Center	Location	Anchors	WRI	Foot	WRI	Venture	Owned by
			Owned %	Notes	Owned	Share	Other	Total
Summerhill Plaza	Antelope Rd. at Lichen Dr., Sacramento	Raley’s +	100.00%		133,614	0	0	133,614
Valley	Franklin Boulevard and Mack Road, Sacramento	Raley's +	100.00%		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.)	100.00%		134,179	0	65,000	199,179
Tully Corners Shopping Center	Tully Rd at Quimby Rd, San Jose	Food Maxx +, Petco	10.00%	(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	100.00%		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	100.00%		120,829	0	0	120,829
San Marcos Plaza	San Marcos Blvd. at Rancho Santa Fe Rd., San Marcos	Albertsons + (O.B.O.)	100.00%		35,880	0	45,206	81,086
Stony Point Plaza	Stony Point Rd. at Hwy. 12, Santa Rosa	Food Maxx +, Wal-Mart	100.00%		198,528	0	0	198,528
Sunset Center	Sunset Ave. at State Hwy. 12, Suisun City	Albertsons +, Rite Aid	100.00%		85,238	0	0	85,238
Creekside Center	Alamo Dr. at Nut Creek Rd., Vacaville	Raley’s +, Blockbuster	100.00%		116,229	0	0	116,229
Freedom Centre	Freedom Blvd. At Airport Blvd., Watsonville	Rite Aid, Big Lots, Safeway +, Ace Hardware	100.00%		150,241	0	0	150,241
Westminster Center	Westminster Blvd. at Golden West St., Westminster	Albertsons +, Home Depot, Edward’s Cinema, Rite Aid, Petco	100.00%		417,870	0	0	417,870
California Total:	# of Properties:  26				3,524,740	104,393	457,608	4,086,741
Colorado
Aurora City Place	E. Alameda at I225, Aurora	PetsMart, Sportsman Warehouse, Barnes & Noble, Ross Dress For Less, Super Target + (O.B.O.), Pier 1 Imports	50.00%	(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.)	100.00%		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	100.00%		212,638	0	0	212,638
Green Valley Ranch Towne Center	Tower Rd. at 48th Ave., Denver	King Sooper’s + (O.B.O.)	50.00%	(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	50.00%	(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	51.00%	(1)(3)	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	41.00%	(1)(3)	110,940	159,646	125,174	395,760
Crossing at Stonegate	Jordon Rd. at Lincoln Ave., Parker	King Sooper’s +	51.00%	(1)(3)	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	51.00%	(1)(3)	108,186	103,944	174,000	386,130
Westminster Plaza	North Federal Blvd. at 72nd Ave., Westminster	Safeway +, Walgreens (O.B.O.)	50.00%	(1)	48,521	48,521	56,127	153,169
Colorado Total:	# of Properties:  10				1,006,454	746,630	915,363	2,668,445
Florida
Boca Lyons	Glades Rd. at Lyons Rd., Boca Raton	Ross Dress for Less, Ethan Allen	100.00%		113,689	0	0	113,689
Countryside Centre	US Highway 19 at Countryside Boulevard	Publix+ (Vacant), T.J. Maxx, Home Goods	100.00%		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	100.00%		275,910	0	0	275,910
Embassy Lakes	Sheraton St. at Hiatus Rd., Cooper City	Winn Dixie +, Walgreen’s, Tuesday Morning	100.00%		127,900	0	48,214	176,114
Paradise Key at Kelly Plantation	US Highway 98 and Mid Bay Bridge Rd, Destin	Publix +, Bed Bath & Beyond, Ross, Old Navy, SteinMart	10.00%	(1)(3)	27,178	244,599	0	271,777
Shoppes at Paradise Isle	34940 Emerald Coast Pkwy, Destin	Best Buy,  Michaels, Office Depot, PetsMart	25.00%	(1)(3)	42,959	128,878	0	171,837
Hollywood Hills Plaza	Hollywood Blvd. at North Park Rd., Hollywood	Publix +, Target, CVS/pharmacy	100.00%		364,714	0	0	364,714
Indian Harbour Place	East Eau Gallie Boulevard, Indian Harbour Beach	Beall's, Publix +	25.00%	(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	100.00%		312,447	0	0	312,447
TJ Maxx Plaza	117th Avenue at Sunset Blvd., Kendall	T.J. Maxx, Winn Dixie +	100.00%		161,572	0	0	161,572
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.)	100.00%		374,007	0	197,631	571,638

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Weingarten Realty Investors
Property Listing at December 31, 2008
					Gross Leasable Area
						Joint
Center	Location	Anchors	WRI	Foot	WRI	Venture	Owned by
			Owned %	Notes	Owned	Share	Other	Total
Palm Lakes Plaza	Atlantic Boulevard and Rock Island Road, Maragate	Publix +, CVS/pharmacy	20.00%	(1)(3)	22,750	91,002	0	113,752
Lake Washington Crossing	Wickham Rd. at Lake Washington Rd., Melbourne	Publix +, Beall’s Outlet Stores	25.00%	(1)(3)	29,707	89,121	0	118,828
Lake Washington Square	Wickham Rd. at Lake Washington Rd., Melbourne	Albertsons +, Tuesday Morning	100.00%		111,811	0	0	111,811
Kendall Corners	Kendall Drive and SW 127th Avenue, Miami	City Furniture	20.00%	(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	20.00%	(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	100.00%		110,867	0	0	110,867
Northridge	E. Commercial Blvd. at Dixie Hwy., Oakland Park	Publix +, Petco, Ross Dress for Less, Anna's Linen	100.00%		236,170	0	0	236,170
Colonial Plaza	E. Colonial Dr. at Primrose Dr., Orlando	Staples, Circuit City, Ross Dress for Less, Babies “R” Us, Marshall’s, Old Navy, SteinMart, Barnes & Noble, Petco	100.00%		496,751	0	0	496,751
International Drive Value Center	International Drive and Touchstone Drive, Orlando	Bed Bath & Beyond, Ross, T.J. Maxx	20.00%	(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.)	100.00%		92,328	0	64,627	156,955
The Marketplace at Dr. Phillips	Dr. Phillips Boulevard and Sand Lake Road, Orlando	Publix +(Vacant), Stein Mart, Office Depot, Home Goods, Morton's of Chicago	20.00%	(1)(3)	65,250	261,000	0	326,250
The Shoppes at South Semoran	Semoran Blvd. at Pershing Ave.	Save Rite +	100.00%		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.)	100.00%		77,521	0	183,000	260,521
Alafaya Square	Alafaya Trail, Oviedo	Publix +	20.00%	(1)(3)	35,297	141,189	0	176,486
University Palms	Alafaya Trail at McCullough Rd., Oviedo	Publix +, Blockbuster	30.00%	(1)	29,752	69,420	0	99,172
East Lake Woodlands	East Lake Road and Tampa Road, Palm Harbor	Publix +, Walgreens	20.00%	(1)(3)	28,021	112,082	0	140,103
Shoppes at Parkland	Hillsboro Boulevard at State Road #7, Parkland	BJ's Wholesale Club +	100.00%		152,052	0	0	152,052
Flamingo Pines	Pines Blvd. at Flamingo Rd., Pembroke Pines	Publix +, U.S. Post Office, Keiser College	100.00%		262,761	0	105,350	368,111
Pembroke Commons	University at Pines Blvd., Pembroke Pines	Publix +, Marshall’s, Office Depot, LA Fitness	100.00%		314,401	0	0	314,401
Publix at Laguna Isles	Sheridan St. at SW 196th Ave., Pembroke Pines	Publix +	100.00%		69,475	0	0	69,475
Vizcaya Square	Nob Hill Rd. at Cleary Blvd., Plantation	Winn Dixie +, Blockbuster	100.00%		112,410	0	0	112,410
Quesada Commons	Quesada Avenue and Toledo Blade Boulevard, Port Charlotte	Publix +	25.00%	(1)(3)	14,722	44,168	0	58,890
Shoppes of Port Charlotte	Toledo Blade Boulevard and Tamiami Trail, Port Charlotte	Chick-Fil-A	25.00%	(1)(3)	978	2,934	0	3,912
Shoppes of Port Charlotte	Toledo Blade Boulevard and Tamiami Trail, Port Charlotte	Petco	25.00%	(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, Petco, Cost Plus, Super Target + (O.B.O.)	100.00%		308,751	0	185,000	493,751
Pineapple Commons	Us Highway 1 and Britt Rd., Stuart	Best Buy, Ross, PetsMart, Ashley Furniture	20.00%	(1)(3)	49,803	199,211	0	249,014
Sunrise West Shopping Center	West Commercial Drive and NW 91st Avenue, Sunrise	Publix +	25.00%	(1)(3)	19,080	57,241	0	76,321
Venice Pines	Center Rd. at Jacaranda Blvd., Venice	Sweet Bay +	100.00%		97,303	0	0	97,303
Winter Park Corners	Aloma Ave. at Lakemont Ave., Winter Park	Whole Foods Market +, Outback Steakhouse	100.00%		102,397	0	0	102,397
Florida Total:	# of Properties:  39				5,135,843	1,995,517	783,822	7,915,182
Georgia
Lakeside Marketplace	Cobb Parkway (US Hwy 41), Acworth	Ross Dress for Less, Petco, Office Max, Books-A-Million, Super Target + (O.B.O.)	100.00%		147,688	0	174,000	321,688
Mansell Crossing	North Point Parkway at Mansell Rd	Ross Dress for Less, Bed Bath & Beyond, Rooms to Go	20.00%	(1)(3)	20,586	82,345	0	102,931
Camp Creek Marketplace II	Camp Creek Parkway and Carmla Drive, Atlanta	DSW, American Signature, LA Fitness	100.00%		196,283	0	0	196,283
Cherokee Plaza	Peachtree Road and Colonial Drive, Atlanta	Kroger +	30.00%	(1)	29,566	68,987	0	98,553
Perimeter Village	Ashford-Dunwoody Rd	Wal-Mart Supercenter +, Cost Plus, DSW, Borders	100.00%		387,755	0	0	387,755
Publix at Princeton Lakes	Carmia Drive and Camp Creek Drive, Atlanta	Publix +	100.00%		68,407	0	0	68,407
Brookwood Square	East-West Connector at Austell Rd., Austell	Marshall’s, Staples, Home Depot	100.00%		253,448	0	0	253,448
Dallas Commons	US Highway 278 and Nathan Dean Boulevard, Dallas	Kroger + (O.B.O.)	100.00%		25,158	0	70,104	95,262

Page 27

Weingarten Realty Investors
Property Listing at December 31, 2008
					Gross Leasable Area
						Joint
Center	Location	Anchors	WRI	Foot	WRI	Venture	Owned by
			Owned %	Notes	Owned	Share	Other	Total
Reynolds Crossing	Steve Reynolds and Old North Cross Rd., Duluth	Kroger + (O.B.O.)	100.00%		45,758	0	70,225	115,983
Thompson Bridge Commons	Thompson Bridge Rd. at Mt. Vernon Rd., Gainesville	Kroger +	100.00%		92,587	0	0	92,587
Grayson Commons	Grayson Hwy at Rosebud Rd., Grayson	Kroger +	100.00%		76,611	0	0	76,611
Sandy Plains Exchange	Sandy Plains at Scufflegrit, Marietta	Publix +	100.00%		72,784	0	0	72,784
Brownsville Commons	Brownsville Road and Hiram-Lithia Springs Road, Powder Springs	Kroger + (O.B.O.)	100.00%		27,747	0	54,139	81,886
Roswell Corners	Woodstock Rd. at Hardscrabble Rd., Roswell	Staples, T.J. Maxx, Super Target + (O.B.O.)	100.00%		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.)	100.00%		196,134	0	174,000	370,134
Georgia Total:	# of Properties:  15				1,785,476	151,332	716,003	2,652,811
Illinois
Burbank Station	S. Cicero Ave. at W. 78th St.	AJ Wright, Babies "R" Us, Food For Less +, Office Max	100.00%		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	100.00%		135,139	0	0	135,139
Kohl's	Wanamaker Rd. at S.W. 17th St., Topeka	Barnes & Noble, Kohl’s Department Store	100.00%		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 +	100.00%		124,567	0	27,000	151,567
Regency Shopping Centre	Nicholasville Rd.& West Lowry Lane, Lexington	TJ Maxx, Michael's, Kroger (O.B.O)	100.00%		124,486	0	46,044	170,530
Tates Creek	Tates Creek at Man O’ War, Lexington	Kroger +, Rite Aid	100.00%		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.)	100.00%		168,986	0	49,410	218,396
Kentucky Total:	# of Properties:  4				597,489	0	122,454	719,943
Louisiana
Town & Country Plaza	U.S. Hwy. 190 West, Hammond	Winn Dixie +, Office Depot, CVS/pharmacy, Goody’s, Books-A-Million, Rent Way	100.00%		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	100.00%		156,215	0	125,400	281,615
Ambassador Plaza	Ambassador Caffery at W. Congress, Lafayette	Albertsons + (O.B.O.), Blockbuster	100.00%		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	7.80%	(1)(3)	13,142	147,100	174,700	334,942
Westwood Village	W. Congress at Bertrand, Lafayette	Stage, Graham Central Station	100.00%		141,346	0	0	141,346
14/Park Plaza	Hwy. 14 at General Doolittle, Lake Charles	Kroger +, Conn’s, Burke's Outlet, Anna's Linens, Family Dollar	100.00%		172,068	0	0	172,068
K-Mart Plaza	Ryan St., Lake Charles	Albertsons +, Kmart, Stages	50.00%	(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.)	100.00%		7,743	0	205,375	213,118
Southgate	Ryan at Eddy, Lake Charles	Market Basket +, Office Depot, Books-A-Million	100.00%		170,588	0	0	170,588
Danville Plaza	Louisville at 19th, Monroe	County Market +, Citi Trends, Surplus Warehouse	100.00%		141,380	0	0	141,380
Orleans Station	Paris, Robert E. Lee at Chatham, New Orleans	Vacant	100.00%		0	0	0	0
University Place	70th St. at Youree Dr., Shreveport	Super Target + (O.B.O.), Best Buy, T.J. Maxx, CVS/pharmacy (O.B.O), Bed Bath & Beyond	20.40%	(1)(3)	46,237	180,417	174,500	401,154
Louisiana Total:	# of Properties:  12				1,182,795	435,491	781,925	2,400,211
Maine
The Promenade	Essex at Summit, Lewiston	Staples, Flagship Cinemas	75.00%	(1)	148,384	49,461	0	197,845
Maine Total:	# of Properties:  1				148,384	49,461	0	197,845
Missouri

Page 28

Weingarten Realty Investors
Property Listing at December 31, 2008
					Gross Leasable Area
						Joint
Center	Location	Anchors	WRI	Foot	WRI	Venture	Owned by
			Owned %	Notes	Owned	Share	Other	Total
Ballwin Plaza	Manchester Rd. at Vlasis Dr., Ballwin	Schnucks +, Michael’s, Sears	100.00%		200,915	0	0	200,915
Western Plaza	Hwy 141 at Hwy 30, Fenton	O'Reilly Automotive	50.00%	(1)(3)	28,317	28,317	0	56,634
Missouri Total:	# of Properties:  2				229,232	28,317	0	257,549
Nevada
Eastern Horizon	Eastern Ave. at  Horizon Ridge Pkwy., Henderson	Kmart + (O.B.O.)	100.00%		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, Ulta	100.00%		436,814	0	0	436,814
Charleston Commons	Charleston and Nellis, Las Vegas	Wal-Mart, Ross, Office Max, 99 Cents Only, PetsMart	100.00%		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, Anna's Linens, Lucky's, Factory 2 U	100.00%		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.), Fallas Paredes , La Bonita Grocery +	100.00%		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	100.00%		152,475	0	55,745	208,220
Paradise Marketplace	Flamingo Rd. at Sandhill, Las Vegas	Smith’s Food +, Dollar Tree	100.00%		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	100.00%		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	100.00%		136,369	0	0	136,369
Rancho Towne & Country	Rainbow Blvd. at Charleston Blvd., Las Vegas	Smith’s Food +	100.00%		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 Imports	100.00%		246,478	0	394,271	640,749
Tropicana Marketplace	Tropicana at Jones Blvd., Las Vegas	Smith’s Food +, Family Dollar	100.00%		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, Anna's Linens	100.00%		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	100.00%		117,623	0	0	117,623
North Towne Plaza	Academy Rd. at Wyoming Blvd., Albuquerque	Whole Foods Market +, Borders	100.00%		104,034	0	0	104,034
Pavillions at San Mateo	I-40 at San Mateo, Albuquerque	Old Navy, Shoe Department, Circuit City, Skechers	100.00%		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.), Party City	100.00%		84,322	0	334,000	418,322
Wyoming Mall	Academy Rd. at Northeastern, Albuquerque	Wal-Mart Supercenter +, Dollar Tree	100.00%		267,886	0	0	267,886
De Vargas	N. Guadalupe at Paseo de Peralta, Santa Fe	Albertsons + (O.B.O.), Sav-On (CVS), Ross Dress for Less, Office Depot, Hastings, United Artists	100.00%		249,671	0	62,750	312,421
New Mexico Total:	# of Properties:  6				1,019,480	0	396,750	1,416,230
North Carolina
Capital Square	Capital Blvd. at Huntleigh Dr., Cary	Food Lion +	100.00%		143,063	0	0	143,063
Harrison Pointe	Harrison Ave. at Maynard Rd., Cary	Harris Teeter +, Staples	100.00%		130,934	0	0	130,934
High House Crossing	NC Hwy 55 at Green Level W. Rd., Cary	Harris Teeter +	100.00%		89,997	0	0	89,997
Northwoods Market	Maynard Rd. at Harrison Ave., Cary	Food Lion +	100.00%		77,802	0	0	77,802
Parkway Pointe	Cory Parkway at S. R. 1011, Cary	Food Lion +, Rite-Aid	100.00%		80,061	0	0	80,061
Chatham Crossing	US 15/501 at Plaza Dr., Chapel Hill	Lowes Food +, CVS/pharmacy	25.00%	(1)(3)	24,039	72,116	0	96,155
Cole Park Plaza	US 15/501 and Plaza Dr., Chapel Hill	Dollar General	25.00%	(1)(3)	20,564	61,694	0	82,258
Galleria	Galleria Boulevard and Sardis Road, Charlotte	Off Broadway Shoes, Wal-Mart (O.B.O.)	100.00%		120,542	0	207,602	328,144
Johnston Road Plaza	Johnston Rd. at McMullen Creek Pkwy., Charlotte	Food Lion+	100.00%		79,508	0	0	79,508
Steele Creek Crossing	York Rd. at Steele Creek Rd., Charlotte	BI-LO +, Rite-Aid	100.00%		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.)	100.00%		41,876	0	402,620	444,496
Bull City Market	Broad St. at West Main St., Durham	Whole Foods Market +	100.00%		42,517	0	0	42,517
Durham Festival	Hillsborough Rd. at LaSalle St., Durham	Kroger +, Dollar General	100.00%		134,295	0	0	134,295
Mineral Springs Village	Mineral Springs Rd. at Wake Forest Rd., Durham	Food Lion +, Rite-Aid	100.00%		59,859	0	0	59,859

Page 29

Weingarten Realty Investors
Property Listing at December 31, 2008
					Gross Leasable Area
						Joint
Center	Location	Anchors	WRI	Foot	WRI	Venture	Owned by
			Owned %	Notes	Owned	Share	Other	Total
Ravenstone Commons	Hwy 98 at Sherron Rd., Durham	Food Lion +, Blockbuster	100.00%		60,424	0	0	60,424
Pinecrest Plaza	Hwy. 15-501 at Morganton Rd., Pinehurst	Food Lion +, Michael’s, Goody’s, Belk’s	100.00%		250,140	0	0	250,140
Avent Ferry	Avent Ferry Rd. at Gorman St., Raleigh	Food Lion +, Family Dollar	100.00%		111,650	0	0	111,650
Falls Pointe	Neuce Rd. at Durant Rd., Raleigh	Harris Teeter +, Kohl’s (O.B.O.)	100.00%		106,981	0	86,350	193,331
Leesville Town Centre	Leesville Rd. at Leesville Church Rd., Raleigh	Harris Teeter +, Rite-Aid	100.00%		112,576	0	0	112,576
Little Brier Creek	Little Brier Creek Lane and Brier Leaf Lane, Raleigh	Lowe's Food + (O.B.O.)	100.00%		17,209	0	45,802	63,011
Lynnwood Collection	Creedmoor Rd at Lynn Road, Raleigh	Kroger  +	100.00%		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	100.00%		467,270	0	0	467,270
Stonehenge Market	Creedmoor Rd. at Bridgeport Dr., Raleigh	Harris Teeter +, SteinMart, Eckerd’s	100.00%		188,521	0	0	188,521
Heritage Station	Forestville Rd. at Rogers Rd., Wake Forest	Harris Teeter +	100.00%		68,778	0	0	68,778
North Carolina Total:	# of Properties:  24				2,592,269	133,810	742,374	3,468,453
Oklahoma
Market Boulevard	E. Reno Ave. at N. Douglas Ave., Midwest City	Color Tyme	100.00%		35,765	0	0	35,765
Town and Country	Reno Ave at North Air Depot, Midwest City	Office Depot, Big Lots, Westlake Hardware	100.00%		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.)	20.00%	(1)(3)	14,828	59,311	62,600	136,739
Oak Grove Market Center	SE Mcloughlin Blvd & Oak Grove Ave	Safeway +	100.00%		97,207	0	0	97,207
Raleigh Hills Plaza	SW Beaverton-Hillsdale Hwy and SW Scholls Ferry Road, Portland	Walgreens, New Seasons Market +	20.00%	(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 +	25.00%	(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	100.00%		179,364	0	0	179,364
Commons at Dexter Lake	Dexter at N. Germantown, Memphis	Kroger +, SteinMart, Marshall’s, Samuels Furniture and Interior	30.00%	(1)	50,087	116,871	0	166,958
Commons at Dexter Lake Phase II	Dexter at N. Germantown, Memphis	Kroger +, SteinMart, Marshall’s, Samuels Furniture and Interior	30.00%	(1)	18,461	43,077	0	61,538
Highland Square	Summer at Highland, Memphis	Walgreen’s	100.00%		14,490	0	0	14,490
Mendenhall Commons	South Mendenahall Rd. and Sanderlin Avenue, Memphis	Kroger +	30.00%	(1)	23,961	55,910	0	79,871
Summer Center	Summer Ave. at Waring Rd., Memphis	Kroger +, Ross Dress for Less	100.00%		148,581	0	0	148,581
Tennessee Total:	# of Properties:  5				434,944	215,858	0	650,802
Texas
Bell Plaza	45th Ave. at Bell St., Amarillo	United Supermarket +, Dollar Tree	15.00%	(1)	19,579	110,950	0	130,529
Coronado	34th St. at Wimberly Dr., Amarillo	Blockbuster	100.00%		46,829	0	0	46,829
Wolflin Village	Wolflin Ave. at Georgia St., Amarillo	Office Depot, Sheplers Western Wear, Talbots	100.00%		153,084	0	0	153,084
Calder	Calder at 24th St., Beaumont	Harmony Science Academy	100.00%		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.)	50.00%	(1)(3)	70,036	70,036	141,329	281,401
Phelan	Phelan at 23rd St, Beaumont	Kroger + (O.B.O.)	100.00%		12,000	0	0	12,000
Phelan West	Phelan at 23rd St., Beaumont	Kroger + (O.B.O.)	66.70%	(1)(3)	15,552	7,779	58,890	82,221
Southgate	Calder Ave. at 6th St., Beaumont	Control Fluids	100.00%		33,555	0	0	33,555
Westmont	Dowlen at Phelan, Beaumont	Talbot’s, Blockbuster	100.00%		98,071	0	0	98,071
Lone Star Pavilions	Texas at Lincoln Ave., College Station	Best Buy, Office Depot, Barnes & Noble	100.00%		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, Spec's	100.00%		296,837	0	0	296,837

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Weingarten Realty Investors
Property Listing at December 31, 2008
					Gross Leasable Area
						Joint
Center	Location	Anchors	WRI	Foot	WRI	Venture	Owned by
			Owned %	Notes	Owned	Share	Other	Total
Moore Plaza	S. Padre Island Dr. at Staples, Corpus Christi	Office Depot, Marshall’s, H. E. B. +, (O.B.O.), Target (O.B.O.), Circuit City, Old Navy, Hobby Lobby	100.00%		371,668	0	161,909	533,577
Portairs	Ayers St. at Horne Rd., Corpus Christi	CVS/pharmacy, Family Dollar, Beall’s	100.00%		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	100.00%		353,302	0	110,000	463,302
Broadway	Broadway at 59th St., Galveston	Big Lots, Family Dollar	15.00%	(1)	11,172	63,305	0	74,477
Food King Place	25th St. at Avenue P, Galveston	Vacant	100.00%		28,062	0	0	28,062
Galveston Place	Central City Blvd. at 61st St., Galveston	Randall’s +, Office Depot, Spec's Liquor, Palais Royal	100.00%		210,187	0	0	210,187
10/Federal	I-10 at Federal	Citi Trends, Palais Royal, Sellers Bros. +	15.00%	(1)	19,871	112,601	0	132,472
Alabama-Shepherd	S. Shepherd at W. Alabama	Bookstop, PetsMart	100.00%		56,110	0	0	56,110
Bayshore Plaza	Spencer Hwy. at Burke Rd.	Fitness Connections (O.B.O.)	100.00%		35,966	0	86,000	121,966
Bellaire Boulevard	Bellaire at S. Rice	Randall’s +	30.00%	(1)	10,524	24,557	0	35,081
Braeswood Square	N. Braeswood at Chimney Rock	Belden’s +, Walgreen’s	100.00%		103,336	0	0	103,336
Centre at Post Oak	Westheimer at Post Oak Blvd.	Marshall’s, Barnes & Noble, Old Navy, Grand Lux Café	100.00%		182,070	0	0	182,070
Champions Village	F.M. 1960 at Champions Forest Dr.	Randall’s +, SteinMart, Palais Royal, Cost Plus, Barnes & Noble	30.00%	(1)	115,134	268,645	0	383,779
Cullen Place	Cullen at Reed	Kohl's (O.B.O.), Conn Appliances	100.00%		7,316	0	0	7,316
Cullen Plaza	Cullen at Wilmington	Fiesta +, Family Dollar, Beauty Empire	15.00%	(1)	12,678	71,839	0	84,517
Cypress Pointe	F.M. 1960 at Cypress Station	Kroger +, Office Depot, Babies “R” Us, America's Furniture Brands (O.B.O.)	100.00%		190,704	0	96,660	287,364
Eastpark	Mesa Rd. at Tidwell	Jack in the Box, CVS (O.B.O.), US Postal Service (O.B.O.)	100.00%		1,576	0	0	1,576
Edgebrook	Edgebrook at Gulf Fwy.	Fiesta +, JPMorgan Chase Bank, Family Dollar	15.00%	(1)	11,749	66,575	0	78,324
Fiesta Village	Quitman at Fulton	Fiesta +	15.00%	(1)	4,537	25,712	0	30,249
Fondren/West Airport	Fondren at W. Airport	Save-A-Lot +	100.00%		56,593	0	0	56,593
Glenbrook Square	Telephone Road	Kroger +, Blockbuster	15.00%	(1)	11,472	65,011	0	76,483
Griggs Road	Griggs at Cullen	Family Dollar, Modern City, Citi Trends	15.00%	(1)	12,017	68,097	0	80,114
Harrisburg Plaza	Harrisburg at Wayside	Fallas Paredes	15.00%	(1)	14,016	79,422	0	93,438
Heights Plaza	20th St. at Yale	Kroger +, Walgreen’s	100.00%		71,777	0	0	71,777
Humblewood Shopping Plaza	Eastex Fwy. at F.M. 1960	Kroger +,Conn’s, Walgreen’s, Michael's (O.B.O.), DSW (O.B.O.)	100.00%		178,837	0	99,000	277,837
I-45/Telephone Rd. Center	I-45 at Maxwell Street	Sellers Bros. +, Dollar Tree, FAMSA, Falles Paredes	15.00%	(1)	25,891	146,718	0	172,609
Jacinto City	Market at Baca	Sellers Bros. +, CVS/pharmacy	50.00%	(1)	24,569	24,569	0	49,138
Kirby Strip Center	Kirby Dr, Houston	New Orleans Cajun Restaurant	100.00%		10,000	0	0	10,000
Lawndale	Lawndale at 75th St.	Family Dollar, 99 Cents Only, LaMichoacana Meat Market	15.00%	(1)	7,819	44,308	0	52,127
Little York Plaza	Little York at E. Hardy	Sellers Bros. +, Fallas Paredes	15.00%	(1)	17,603	99,750	0	117,353
Lyons Avenue	Lyons at Shotwell	Fiesta +, Fallas Paredes	15.00%	(1)	10,144	57,485	0	67,629
Market at Westchase	Westheimer at Wilcrest	Whole Foods Market +	100.00%		84,084	0	0	84,084
North Main Square	Pecore at N. Main	O’Reilly Autoparts	100.00%		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	15.00%	(1)	60,710	344,023	0	404,733
North Triangle	I-45 at F.M. 1960	Steak & Ale, CiCi’s Pizza	100.00%		16,060	0	0	16,060
Northbrook Center	Northwest Fwy. at W. 34th	Randall’s +, Office Depot, Citi Trends, Anna’s Linens, Dollar Tree	100.00%		172,479	0	0	172,479
Northwest Crossing	N.W. Fwy. at Hollister	Target (O.B.O.), Marshall’s, Babies “R” Us, Best Buy	75.00%	(1)(3)	137,507	45,836	120,721	304,064
Oak Forest	W. 43rd at Oak Forest	Kroger +, Palais Royal, Dollar Tree	100.00%		147,674	0	0	147,674
Orchard Green	Gulfton at Renwick	Sellers Bros. +, Family Dollar	100.00%		74,983	0	0	74,983
Randall's /Cypress Station	F.M. 1960 at I-45	Randalls +	100.00%		138,974	0	0	138,974
Randall's /Kings Crossing	Kingwood Dr. at Lake Houston Pkwy.	Randall’s +, CVS/pharmacy	30.00%	(1)	37,919	88,478	0	126,397
Randall's /Norchester	Grant at Jones	CVS	100.00%		107,200	0	0	107,200
Richmond Square	Richmond Ave. at W. Loop 610	Best Buy (O.B.O.), Cost Plus	100.00%		35,623	0	58,247	93,870
River Oaks East	W. Gray at Woodhead	Kroger +	100.00%		71,265	0	0	71,265
River Oaks West	W. Gray at S. Shepherd	Talbot’s, JoS. A. Bank, Ann Taylor, Gap, Barnes & Noble	100.00%		255,978	0	0	255,978
Sheldon Forest North	North, I-10 at Sheldon	Gerland’s +, Burke’s Outlet	100.00%		22,040	0	0	22,040
Sheldon Forest South	North, I-10 at Sheldon	Family Dollar	50.00%	(1)	37,670	37,670	0	75,340
Shops at Three Corners	S. Main at Old Spanish Trail	Fiesta +, Office Depot, PetsMart, Ross Dress for Less, Anna’s Linens, Big Lots	70.00%	(1)	172,990	74,139	0	247,129

Page 31

Weingarten Realty Investors
Property Listing at December 31, 2008
					Gross Leasable Area
						Joint
Center	Location	Anchors	WRI	Foot	WRI	Venture	Owned by
			Owned %	Notes	Owned	Share	Other	Total
Southgate	W. Fuqua at Hiram Clark	Food-A-Rama +, Palais Royal, CVS/pharmacy, Family Dollar	15.00%	(1)	18,695	105,939	0	124,634
Spring Plaza	Hammerly at Campbell	Sellers Bros. +, Family Dollar	15.00%	(1)	8,890	50,376	0	59,266
Steeplechase	Jones Rd. at F.M. 1960	Palais Royal, 99 Cents Only, Anna's Linens, Goodwill Industries	100.00%		194,551	0	99,950	294,501
Stella Link	Stella Link at S. Braeswood	Seller Bros.+, Spec’s Liquor Warehouse, Burke’s Outlet	100.00%		96,396	0	0	96,396
Studemont	Studewood at E. 14th St	Fiesta +	100.00%		28,466	0	0	28,466
Ten Blalock Square	I-10 at Blalock	Vacant	100.00%		97,217	0	0	97,217
Village Arcade	University at Kirby	Gap, Baby Gap	100.00%		57,219	0	0	57,219
Village Arcade-Phase II	University at Kirby	Talbot’s	100.00%		28,371	0	0	28,371
Village Arcade-Phase III	University at Kirby	American Eagle Outfitters, Banana Republic, Express	100.00%		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	100.00%		232,994	0	99,550	332,544
Westhill Village	Westheimer at Hillcroft	Ross Dress for Less, Office Depot, 99 Cents Only, Anna’s Linens	100.00%		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.)	100.00%		115,203	0	135,934	251,137
Cedar Bayou	Bayou Rd., La Marque	Dollar General, La Marque Fire Dept. (O.B.O.)	100.00%		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	100.00%		242,293	0	206,463	448,756
Plantation Centre	Del Mar Blvd. at McPherson Rd., Laredo	H. E. B. +, Blockbuster	100.00%		134,919	0	0	134,919
League City Plaza	I-45 at F.M. 518, League City	Kroger +, Spec’s Liquor Warehouse	15.00%	(1)	19,048	107,942	0	126,990
Central Plaza	Loop 289 at Slide Rd., Lubbock	Bed Bath & Beyond, Old Navy, Staples	100.00%		151,196	0	0	151,196
Town and Country	4th St. at University, Lubbock	Hasting’s Records & Books	100.00%		30,743	0	0	30,743
Angelina Village	Hwy. 59 at Loop 287, Lufkin	Kmart, Ashley Furniture, Conn's	100.00%		248,199	0	0	248,199
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	50.00%	(1)(3)	143,968	143,968	242,132	530,067
Northcross	N. 10th St. at Nolana Loop, McAllen	Barnes & Noble	50.00%	(1)(3)	38,196	38,196	0	76,391
Old Navy Building	1815 10th Street, McAllen	Old Navy	50.00%	(1)(3)	7,500	7,500	0	15,000
South 10th St. HEB	S. 10th St. at Houston St., McAllen	H. E. B. +	50.00%	(1)(3)	51,851	51,851	0	103,702
Independence Plaza	Town East Blvd., Mesquite	Babies “R” Us, Family Dollar	100.00%		179,182	0	0	179,182
Custer Park	SWC Custer Road at Parker Road, Plano	Kroger + (O.B.O), Dollar General	100.00%		115,484	0	65,084	180,568
Pitman Corners	Custer Road at West 15th, Plano	Albertsons +, Tuesday Morning	100.00%		192,283	0	0	192,283
Preston Shepard Place	Preston Rd. at Park Blvd.	SteinMart, Old Navy, Office Depot, Marshalls, Babies "R" Us, Borders	20.00%	(1)(3)	72,667	290,670	0	363,337
Gillham Circle	Gillham Circle at Thomas, Port Arthur	Family Dollar	100.00%		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	50.00%	(1)(3)	88,406	88,406	0	176,812
Rockwall	I-30 at Market Center Street, Rockwall	Office Max, Petco, Ross Dress for Less, Old Navy, Linens ‘N Things, Michael’s	100.00%		209,051	0	0	209,051
Rose-Rich	U.S. Hwy. 90A at Lane Dr., Rosenberg	Family Dollar, Palais Royal	100.00%		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.)	100.00%		42,860	0	81,176	124,036
Boswell Towne Center	Highway 287 at Bailey Boswell Rd., Saginaw	Albertsons + (O.B.O)	100.00%		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, Act III Theatres, Marshall’s, Office Max, SteinMart, Petco, Anna’s Linens	100.00%		312,370	0	176,000	488,370
Oak Park Village	Nacogdoches at New Braunfels, San Antonio	H. E. B. +	30.00%	(1)	19,286	45,001	0	64,287
Parliament Square	W. Ave. at Blanco, San Antonio	Bernina New Home Sewing Center, Anytime Fitness	100.00%		64,950	0	0	64,950
Parliament Square II	W. Ave. at Blanco, San Antonio	Incredible Pizza	100.00%		54,541	0	0	54,541
Thousand Oaks	Thousand Oaks Dr. at Jones Maltsberger Rd., San Antonio	H. E. B. +, Beall’s, Tuesday Morning	15.00%	(1)	24,432	138,450	0	162,882
Valley View	West Ave. at Blanco Rd., San Antonio	Marshall’s, Blockbuster, Dollar Tree	100.00%		89,859	0	0	89,859
Market at Town Center	Town Center Blvd., Sugar Land	Old Navy, Home Goods, Marshall’s, DSW Shoe Warehouse, Ross Dress for Less	100.00%		375,820	0	0	375,820
New Boston Road	New Boston at Summerhill, Texarkana	Rehkopf’s Grocery +, Salvation Army	100.00%		97,000	0	0	97,000
Island Market Place	6th St. at 9th Ave., Texas City	Food King +	100.00%		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	100.00%		96,526	0	99,980	196,506
Broadway	S. Broadway at W. 9th St., Tyler	SteinMart	100.00%		60,400	0	0	60,400
Crossroads	I-10 at N. Main, Vidor	Market Basket +, Beall’s, Baskin’s, Burke’s Outlet	100.00%		115,692	0	0	115,692

Page 32

Weingarten Realty Investors
Property Listing at December 31, 2008
					Gross Leasable Area
						Joint
Center	Location	Anchors	WRI	Foot	WRI	Venture	Owned by
			Owned %	Notes	Owned	Share	Other	Total
Texas Total:	# of Properties:  99				9,362,617	3,065,804	2,231,460	14,659,879
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	33.30%	(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	100.00%		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	100.00%		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	20.00%	(1)(3)	18,055	72,218	0	90,273
Meridian Town Center	Meridian Avenue East and 132nd Street East, Puyallup	Jo-Ann Fabric & Craft Store, Safeway + (O.B.O.)	20.00%	(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 Dress for Less	20.00%	(1)(3)	26,804	107,216	0	134,020
Rainer Square Plaza	Rainer Avenue South and South Charleston Street, Seattle	Safeway +	20.00%	(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, Eaton Corporation	20.00%	(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, Star Distribution	100.00%		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.	100.00%		168,400	0	0	168,400
1801 Massaro	1801 Massaro Blvd., Tampa	MiTek Industries, Inc., JK Transportation	100.00%		159,000	0	0	159,000
Hopewell Industrial Center	Old Hopewell Boulevard and U.S. Highway 301, Tampa	Parts Depot, Inc., American Tire Distributors	100.00%		224,483	0	0	224,483
Tampa East Industrial Portfolio	1841 Massaro Blvd., Tampa	General Electric, Hughes Supply, Interline Brands, GE Polymershapes, Creative Recycling Systems	100.00%		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	Georgia Aquarium, Inc., Cardinal Logistics Mgmt Co.	100.00%		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., GSC Packaging	100.00%		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.	100.00%		50,000	0	0	50,000
Riverview Distribution Center	Fulton Industrial Blvd. at Camp Creek Parkway	CHEP USA	100.00%		265,200	0	0	265,200
Sears Logistics	3700 Southside Industrial Way, Atlanta	Sears Logistics Services, Inc.	20.00%	(1)(3)	80,511	322,043	0	402,554
SouthPark 3075	Anvil Block Rd and SouthPark Blvd, Atlanta	American Tire Distributors	100.00%		234,525	0	0	234,525
Southside Industrial Parkway	Southside Industrial Pkwy at Jonesboro Rd., Atlanta	Lowe Supply, Inc., Mission Produce, Masco Contractor Services	100.00%		72,000	0	0	72,000
Westlake 125	Camp Creek Parkway and Westlake Parkway, Atlanta	Maxwell Chase Technologies, LLC, Nissei ASB Company, Berlin Packaging	100.00%		154,464	0	0	154,464
Kennesaw 75	3850-3900 Kennesaw Prkwy, Kennesaw	Clorox Services Company, Builders Specialties, LLC	100.00%		178,467	0	0	178,467
6485 Crescent Drive	I-85 at Jimmy Carter Blvd., Norcross	Zurn, Pax Industries, Inc., Prime Choice Properties, Inc.	20.00%	(1)(3)	72,092	288,368	0	360,460

Page 33

Weingarten Realty Investors
Property Listing at December 31, 2008
					Gross Leasable Area
						Joint
Center	Location	Anchors	WRI	Foot	WRI	Venture	Owned by
			Owned %	Notes	Owned	Share	Other	Total
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	20.00%	(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	20.00%	(1)(3)	82,028	328,110	0	410,138
Southpoint I & II	Pleasant Hill Rd. at Shelby Dr., Memphis	AF Services, Sunnywood Products, Inc., Wynit	100.00%		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	100.00%		253,165	0	0	253,165
Randol Mill Place	Randol Mill Road, Arlington	American Institute of Intradermal Cosmetics, Protech Electronics, Inc.	100.00%		54,639	0	0	54,639
Braker 2 Business Center	Kramer Ln. at Metric Blvd., Austin	Home Team Pest Defense, MJC Electronics Corporation	100.00%		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.	100.00%		119,452	0	0	119,452
Oak Hills Industrial Park	Industrial Oaks Blvd., Austin	Terracon, Inc., Vindicator Technologies, Nanocoolers, Inc.	100.00%		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	100.00%		54,000	0	0	54,000
Southpark A,B,C	East St. Elmo Rd. at Woodward St., Austin	HJV Associates, Inc., EZ Corp, Inc., Viko Test Lab	100.00%		78,276	0	0	78,276
Southpoint Service Center	Burleson at Promontory Point Dr., Austin	Browning Construction Co., Ltd.	100.00%		57,667	0	0	57,667
1625 Diplomat Drive	SWC Diplomat Dr. at McDaniel Dr., Carrollton	Rooftop Systems, Inc.	100.00%		106,140	0	0	106,140
Midway Business Center	Midway at Boyington, Carrollton	ProSource, Luxury of Leather	100.00%		141,246	0	0	141,246
Manana Office Center	I-35 at Manana, Dallas	Omega Environmental Technologies, Dave & Busters, B&B Graphics Finishing Services	100.00%		223,128	0	0	223,128
Newkirk Service Center	Newkirk near N.W. Hwy., Dallas	Applied Industrial Technologies, AWC	100.00%		105,892	0	0	105,892
Northeast Crossing Office/Service Center	East N.W. Hwy. at Shiloh, Dallas	Capital Title, Garland Surgery Center	100.00%		78,700	0	0	78,700
Northwest Crossing Office/Service Center	N.W. Hwy. at Walton Walker, Dallas	Corporate Care, Magnum Cable Corp.	100.00%		126,984	0	0	126,984
Redbird Distribution Center	Joseph Hardin Drive, Dallas	Consolidated Container Company; Texwood Industries, L.P.	100.00%		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	100.00%		202,559	0	0	202,559
Space Center Industrial Park	Pulaski St. at Irving Blvd., Dallas	Weir’s Furniture Village, Inc., Facility Interiors, Inc.	100.00%		264,582	0	0	264,582
McGraw Hill Distribution Center	420 E. Danieldale Rd, DeSoto	McGraw Hill Companies, Inc.	100.00%		417,938	0	0	417,938
610 and 11th St. Warehouse	Loop 610 at 11th St.	Prefco Corp.	100.00%		104,975	0	0	104,975
610 and 11th St. Warehouse	Loop 610 at 11th St.	Iron Mountain, Luxury Motors	20.00%	(1)(3)	48,728	194,914	0	243,642
610/288 Business Park	Cannon Street	Palmer Logistics	20.00%	(1)(3)	59,085	236,341	0	295,426
Beltway 8 Business Park	Beltway 8 at Petersham Dr.	Weingarten Realty Investors Corporate Office	100.00%		157,498	0	0	157,498
Blankenship Building	Kempwood Drive	Classic Printers	100.00%		59,729	0	0	59,729
Brookhollow Business Center	Dacoma at Directors Row	Surgeon's Management, Houston Digital Instruments, Pioneer Contract Services	100.00%		133,553	0	0	133,553
Central Park Northwest VI	Central Pkwy. at Dacoma	Houston Metallurgical Lab, Inc., Desktop Digital Printing, Inc.	100.00%		175,348	0	0	175,348
Central Park Northwest VII	Central Pkwy. at Dacoma	Lucent Technologies, Inc., Houston Graduate School of Theology	100.00%		103,602	0	0	103,602
Crestview	Bissonnet at Wilcrest	Creative Connection	100.00%		8,970	0	0	8,970
Crosspoint Warehouse	Crosspoint	Foam Enterprises, LLC.	100.00%		72,505	0	0	72,505
Houston Cold Storage Warehouse	7080 Express Lane	Houston Central Industries, Inc.	100.00%		128,752	0	0	128,752
Jester Plaza Office Service Center	West T.C. Jester	Corporate Care of Houston, Milwaukee Electric Tool Corporation	100.00%		100,605	0	0	100,605
Kempwood Industrial	Kempwood Dr. at Blankenship Dr.	Pioneer Contract Services	100.00%		113,218	0	0	113,218
Kempwood Industrial	Kempwood Dr. at Blankenship Dr.	Pioneer Contract Services, Veritas	20.00%	(1)(3)	43,898	175,591	0	219,489
Lathrop Warehouse	Lathrop St. at Larimer St.	United D.C., Inc.	20.00%	(1)(3)	50,378	201,512	0	251,890
Navigation Business Park	Navigation at N. York	Packwell, Inc.	20.00%	(1)(3)	47,664	190,657	0	238,321
Northway Park II	Loop 610 East at Homestead	Jet Lube, Inc.	20.00%	(1)(3)	60,697	242,786	0	303,483
Railwood F	Market at U.S. 90	Shell Oil Company	20.00%	(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	100.00%		402,680	0	0	402,680

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Weingarten Realty Investors
Property Listing at December 31, 2008
					Gross Leasable Area
						Joint
Center	Location	Anchors	WRI	Foot	WRI	Venture	Owned by
			Owned %	Notes	Owned	Share	Other	Total
Railwood Industrial Park	Mesa at U.S. 90	Georgia Gulf, DSC Logistics	20.00%	(1)(3)	99,531	398,125	0	497,656
South Loop Business Park	S. Loop at Long Dr.	Plastic Plus Awards, Lumber Liquidators	50.00%	(1)(3)	46,225	46,225	0	92,450
Southport Business Park 5	South Loop 610	International Surface Preparation Group, Inc., Sandvik, Inc.	100.00%		160,653	0	0	160,653
Southwest Park II Service Center	Rockley Road	Bioassay Laboratory, Inc.	100.00%		67,700	0	0	67,700
Stonecrest Business Center	Wilcrest at Fallstone	Aztec Facility Services, Inc.	100.00%		110,641	0	0	110,641
Town & Country Commerce Center	I-10 at Beltway 8	Arizona Tile, Seitel	100.00%		206,000	0	0	206,000
West 10 Business Center II	Wirt Rd. at I-10	Summers Group, Inc.	100.00%		82,658	0	0	82,658
West Loop Commerce Center	W. Loop N. at I-10	Inter-Tel Technologies	100.00%		34,256	0	0	34,256
West-10 Business Center	Wirt Rd. at I-10	Aaron’s Office Furniture	100.00%		102,087	0	0	102,087
Westgate Service Center	Park Row Drive at Whiteback Dr.	Welltec, Inc.,Wood Group, 3M, Columbia Analytical Services, Inc.	100.00%		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	100.00%		50,590	0	0	50,590
Central Plano Business Park	Klein Rd. at Plano Pkwy., Plano	CK Management, Inc., Minarik Corp.	100.00%		137,785	0	0	137,785
Jupiter Service Center	Jupiter near Plano Pkwy., Plano	Interceramic Tile, Gemaire Distributors	100.00%		78,480	0	0	78,480
Sherman Plaza Business Park	Sherman at Phillips, Richardson	Leggett & Platt, Inc., The Volkswagen Store, Weingarten regional office	100.00%		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.	100.00%		219,244	0	0	219,244
Isom Business Park	919-981 Isom Road, San Antonio	Gate Gourmet, Gandi Innovations, Wells Fargo Bank	100.00%		175,200	0	0	175,200
O'Connor Road Business Park	O’Connor Road, San Antonio	Ingersoll Rand, TD Industries	100.00%		150,091	0	0	150,091
Freeport Business Center	13215 N. Promenade Blvd., Stafford	Fairfield Industries, Yokagawa, Gurwitch Industries	100.00%		251,385	0	0	251,385
Texas Total:	# of Properties:  50				6,637,758	1,926,151	0	8,563,909
Virginia
Enterchange at Northlake A	11900-11998 North Lakeridge Parkway, Ashland	Vacant	100.00%		215,077	0	0	215,077
Enterchange at Northlake C	North Lakeridge Parkway & Northlake Park Dr, Ashland	Handleman Company, International Paper, Owens & Minor	20.00%	(1)(3)	58,623	234,492	0	293,115
Enterchange at Meadowville	2101 Bermuda Hundred Dr, Chester	Vacant	20.00%	(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.	20.00%	(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	20.00%	(1)(3)	52,384	209,538	0	261,922
Enterchange at Walthall D	1700-1798 Ruffin Mill Rd, Colonial Heights	Recall, Jim's Formal Wear	100.00%		243,782	0	0	243,782
Interport Business Center A	4800-4890 Eubank Road, Richmond	Anderson News, LLC, HD Business LLC, Wyeth	20.00%	(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	20.00%	(1)(3)	23,600	94,400	0	118,000
Interport Business Center C	5300-5390 Laburnum Ave, Richmond	Sears Home Improvement Products, Inc., Ferguson	20.00%	(1)(3)	10,977	43,908	0	54,885
Virginia Total:	# of Properties:  9				860,643	1,607,139	0	2,467,782
Other
Operating Properties
Arizona
Arcadia Biltmore Plaza	Campbell Ave. at North 36th St., Phoenix	Endurance Rehab, Weingarten Realty Regional Office	100.00%		21,122	0	0	21,122
Arizona Total:	# of Properties:  1				21,122	0	0	21,122
Texas
1919 North Loop West	Hacket Drive at West Loop 610 North	State of Texas, Weingarten Realty Regional Office	100.00%		139,449	0	0	139,449
Citadel Plaza	Citadel Plaza Dr.	Weingarten Realty Investors Corporate Office	100.00%		121,000	0	0	121,000
Texas Total:	# of Properties:  2				260,449	0	0	260,449
Total Operating Properties	# of Properties:  374				45,458,933	12,650,710	9,191,441	67,301,080

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Weingarten Realty Investors
Property Listing at December 31, 2008
					Gross Leasable Area
						Joint
Center	Location	Anchors	WRI	Foot	WRI	Venture	Owned by
			Owned %	Notes	Owned	Share	Other	Total
New Development
Arizona
Mohave Crossroads	Bullhead Parkway at State Route 95, Bullhead City		100.00%	(2)	148,867	0	197,360	346,227
Raintree Ranch	Ray Road at Price Road, Chandler		100.00%	(2)	136,230	0	0	136,230
The Shoppes at Parkwood Ranch	Southern Avenue and Signal Butte Road, Mesa		100.00%	(2)	72,184	0	0	72,184
Arizona Total:	# of Properties: 3				357,281	0	197,360	554,641
California
Jess Ranch Marketplace	Bear Valley Road at Jess Ranch Parkway, Apple Valley		50.00%	(1)(2)(3)	99,171	99,171	93,696	292,038
Jess Ranch Phase III	Bear Valley Road at Jess Ranch Parkway, Apple Valley		50.00%	(1)(2)(3)	74,816	74,816	0	149,632
California Total:	# of Properties: 2				173,987	173,987	93,696	441,670
Colorado
River Point at Sheridan	Highway 77 and Highway 88, Sheridan		50.00%	(1)(2)(3)	43,922	43,922	327,000	414,844
The Gardens on Havana	Mississippi at Havana, Aurora		39.80%	(1)(2)(3)	148,548	224,782	142,500	515,830
Colorado Total:	# of Properties: 2				192,470	268,704	469,500	930,674
Florida
Clermont Landing	U.S. 27 & Steve's Road		55.00%	(1)(2)(3)	65,883	53,904	104,175	223,962
Colonial Landing	East Colonial Dr. at Maguire Boulevard, Orlando		50.00%	(1)(2)	131,634	131,634	0	263,267
Epic Village - St. Augustine	SR 207 at Rolling Hills Dr		70.00%	(1)(2)	2,544	1,090	53,625	53,625
Palm Coast Center	State Road 100 & Belle Terre Parkway, Palm Coast		50.00%	(1)(2)(3)	76,098	76,098	179,476	331,671
Phillips Crossing	Interstate 4 and Sand Lake Road, Orlando		100.00%	(2)	126,808	0	0	126,808
Phillips Landing	Turkey Lake Rd., Orlando		100.00%	(2)	46,910	0	219,815	266,725
Florida Total:	# of Properties: 6				449,877	262,726	557,091	1,266,058
North Carolina
Surf City Crossing	Highway 17 and Highway 210, Surf City		75.00%	(1)(2)	36,567	12,189	0	48,756
Waterford Village	US Hwy 17 & US Hwy 74/76, Leland		75.00%	(1)(2)	52,276	17,425	0	69,701
North Carolina Total:	# of Properties: 2				88,843	29,614	0	118,457
Tennessee
Ridgeway Trace	Memphis		100.00%	(2)	71,587	0	137,740	209,327
Tennessee Total:	# of Properties: 1				71,587	0	137,740	209,327
Texas
Claywood Industrial Park	Clay at Hollister		100.00%	(2)	390,891	0	0	390,891
Gateway Station	I-35W and McAlister Rd., Burleson		70.00%	(1)(2)	22,372	9,588	0	31,960
Horne Street Market	I-30 & Horne Street, Fort Worth		100.00%	(2)	42,267	0	0	42,267
Market at Nolana	Nolana Ave and 29th St., McAllen		50.00%	(1)(2)(3)	13,222	13,222	203,818	230,261
Market at Sharyland Place	U.S. Expressway 83 and Shary Road, Mission		50.00%	(1)(2)(3)	47,956	47,956	320,000	415,912
North Towne Plaza	U.S. 77 and 83 at SHFM 802, Brownsville		75.00%	(1)(2)	0	0	117,000	117,000
Railwood G	Mesa at U.S. 90		50.00%	(1)(2)(3)	105,425	105,425	0	210,850
Sharyland Towne Crossing	Shary Rd. at Hwy. 83, Mission		50.00%	(1)(2)(3)	172,234	172,234	131,909	476,376
The Shoppes at Wilderness Oaks	US Hwy 281 at Wilderness Oaks		100.00%	(2)	0	0	0	0
Tomball Marketplace	FM 2920 and Future 249, Tomball		100.00%	(2)	37,189	0	85,000	122,189
Westover Square	151 and Ingram, San Antonio		66.70%	(1)(2)	0	0	0	0
Westwood Center	Culebra Road and Westwood Loop, San Antonio		100.00%	(2)	5,500	0	0	5,500
Texas Total:	# of Properties: 12				837,056	348,425	857,727	2,043,206

Page 36

Weingarten Realty Investors
Property Listing at December 31, 2008
					Gross Leasable Area
						Joint
Center	Location	Anchors	WRI	Foot	WRI	Venture	Owned by
			Owned %	Notes	Owned	Share	Other	Total
Utah
300 West Retail Center	Paxton Ave and 400 West St		31.80%	(1)(2)(3)	0	0	0	0
Utah Total:	# of Properties: 1				0	0	0	0
Washington
Village at Liberty Lake	E. Country Vista Dr. at N. Liberty Rd., Liberty Lake		50.00%	(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:  30				2,171,101	1,083,456	2,445,988	5,696,907
Unimproved Land
Arizona
Lon Adams Rd at Tangerine Farms Rd, Marana								464,785
Arizona Total:								464,785
California
Bear Valley Road at Jess Ranch Parkway Phase II, Apple Valley				(1)(3)				139,392
Bear Valley Road at Jess Ranch Parkway Phase III, Apple Valley				(1)(3)				448,668
California Total:								588,060
Colorado
Mississippi at Havana, Aurora				(1)(3)				418,717
Colorado Total:								418,717
Florida
Young Pines and Curry Ford Rd, Orange County								132,422
Florida Total:								132,422
Georgia
NWC South Fulton Parkway @ Hwy 92, Union City				(1)				3,554,000
Georgia Total:								3,554,000
Louisiana
70th St. at Mansfield Rd., Shreveport								41,704
Louisiana Total:								41,704
Nevada
SWC Highway 215 at Decatur, Las Vegas								1,103,810
Nevada Total:								1,103,810
North Carolina
US Hwy 17 & US Hwy 74/76, Leland				(1)				362,419
Creedmoor (Highway 50) and Crabtree Valley Avenue, Raleigh								576,000
U.S. 15-501 and Bruce Wood Rd, Southern Pines								1,047,000
Highway 17 and Highway 210, Surf City				(1)				1,590,811
U.S. Highway 1 at Caveness Farms Rd., Wake Forest								3,479,317
North Carolina Total:								7,055,547
Texas
Rock Prairie Rd. at Hwy. 6, College Station								3,570,178
River Pointe Drive at Interstate 45, Conroe								118,483
Leslie Rd. at Bandera Rd., Helotes								75,000
Bissonnet at Wilcrest, Houston								84,629
Citadel Plaza at 610 North Loop, Houston								137,000
East Orem								122,000

Page 37

Weingarten Realty Investors
Property Listing at December 31, 2008
					Gross Leasable Area
						Joint
Center	Location	Anchors	WRI	Foot	WRI	Venture	Owned by
			Owned %	Notes	Owned	Share	Other	Total
Kirkwood at Dashwood Drive, Houston								322,000
Mesa Road at Tidwell, Houston								35,898
Northwest Freeway at Gessner, Houston								213,292
West Little York at Interstate 45, Houston								161,000
West Loop North at Interstate 10, Houston								145,000
Shary Rd. at North Hwy. 83, Mission				(1)(3)				1,607,364
Shaver at Southmore, Pasadena								17,000
9th Ave. at 25th St., Port Arthur								243,000
Culebra Road and Westwood Loop, San Antonio								403,366
FM 1957 (Pontranco Road) and FM 211, San Antonio				(1)				8,656,243
Highway 3 at Highway 1765, Texas City								201,000
FM 2920 and Highway 249, Tomball								363,944
Texas Total:								16,476,397
Total Unimproved Land								29,835,442

Page 38