8-K/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K/A

Amendment No. 1

to

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported):  October 26, 2009

WEINGARTEN REALTY INVESTORS

(Exact name of Registrant as specified in its Charter)

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

2600 Citadel Plaza Drive, Suite 125, Houston, Texas 77008

(Address of principal executive offices) (Zip Code)

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

Not applicable

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

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Explanatory Note:  Weingarten Realty Investors is filing this amended Current Report on Form 8-K/A to correct a typographical error regarding its filing date and press release date which was included in a Current Report on Form 8-K filed on October 26, 2009.  The corrected information appears below.  Accordingly, this Current Report on Form 8-K/A supersedes, in its entirety, the Current Report on Form 8-K filed on October 26, 2009.

Item 2.02.                      Results of Operations and Financial Condition.

On October 26, 2009, we issued a press release describing our results of operations for the third quarter ended September 30, 2009, as well as providing supplemental financial information pertaining to our operations.  A copy of the press release and supplemental financial information are attached as Exhibit 99.1 and Exhibit 99.2 to this report.

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

Item 9.01.                      Financial Statements and Exhibits.

99.1 Press release dated October 26, 2009, regarding our results of operations for the quarter ended September 30, 2009.

99.2 Supplemental Financial Information.

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SIGNATURE

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

Date:  October 27, 2009

WEINGARTEN REALTY INVESTORS

By:      /s/ Joe D. Shafer

Joe D. Shafer

Vice President/Chief Accounting Officer

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INDEX TO EXHIBITS

99.1           Press release dated October 26, 2009, regarding our results of operations for the quarter ended September 30, 2009.

99.2           Supplemental Financial Information.

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EX-99.1

EXHIBIT 99.1

 WEINGARTEN REALTY

2600 Citadel Plaza Drive

P.O. Box 924133

Houston, Texas 77292-4133

NEWS RELEASE

Information: Kristin Gandy, Director of Investor Relations, Phone: (713) 866-6050

Weingarten Realty Announces Third Quarter 2009 Results and

New Joint Venture for the Southeast Retail Portfolio

Houston, October 26, 2009 --- Weingarten Realty (NYSE: WRI) announced today the results of its third quarter ended September 30, 2009.  The Company reported a net loss of $9.4 million or $0.08 per diluted share compared to net income of $0.32 per share for the same period of 2008. The net loss for the third quarter included the effects of a non-cash impairment charge of $46.1 million or $0.39 per diluted share primarily from its new development program and a $16.5 million or $0.14 per diluted share gain from the repurchase of its debt securities, both of which are non-recurring.  The third quarter’s per share results were also affected by the dilution from the $439 million common share offering in April of this year, resulting in a significant increase in the weighted average shares outstanding increasing from 84.3 million shares to 119.4 million shares.

Operating and Financial Highlights

·   Funds from Operations (“FFO”) excluding the non-recurring items mentioned above were $59.3 million or $0.50 per diluted share for the third quarter of 2009, compared to $59.9 million or $0.71 per share in 2008.  Including the non-recurring items, FFO for the quarter was $29.7 million or $0.25 per diluted share;

·   Overall occupancy increased during the third quarter to 91.1% from 90.9% in the previous quarter and retail occupancy was flat quarter-over-quarter at 92.1%;

·   The Company’s balance sheet and liquidity has been significantly improved by eliminating or extending near-term debt maturities.  Since December 31, 2008, the Company has reduced debt maturities through 2011 by approximately $1 billion;

·   In the third quarter, the Company sold $100 million of ten-year unsecured notes, closed on two secured loans totaling $128.3 and subsequent to quarter-end, closed an additional secured loan for $26.6 million;

·   Weingarten closed on the tender of its convertible bonds, resulting in the redemption of $320 million of 3.95% convertible bonds;

·   During the quarter, the Company closed on the sale of one operating property, two land parcels and a 200,000 square foot building in its expansion of ClayPoint Distribution Park for $17 million.  The ClayPoint transaction produced a merchant build gain of $0.5 million, net of tax, in the third quarter and brings total merchant build gains for the year to $0.13 per share, net of taxes;

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·   Also, subsequent to quarter-end, the Company closed on the first phase of the Southeast Retail Joint Venture which in total includes six properties, with a total value of approximately $160 million.  Weingarten will retain a 20% ownership interest in the joint venture.  With the receipt of these proceeds, the Company has reduced the balance outstanding under its $575 million revolving credit facility to zero.

“This has been a very turbulent year.  However, I am very proud of the Weingarten team and the strides the Company has made throughout 2009.  Third quarter operating results were very successful, especially when you take into account the dilution from the equity offering, the progress we have made to right size the balance sheet and the opportunities we have taken this year through dispositions of non-core assets, all while keeping occupancy stable” stated Drew Alexander, President and Chief Executive Officer.

Dividends

The Board of Trust Managers declared a common dividend of $0.25 per share for the third quarter of 2009. The dividend is payable in cash on December 15, 2009 to shareholders of record on December 7, 2009.

The Board of Trust Managers also declared dividends on the Company’s preferred shares. Dividends related to the 6.75% Series D Cumulative Redeemable Preferred Shares (NYSE:WRIPrD) are $0.421875 per share for the quarter. Dividends on the 6.95% Series E Cumulative Redeemable Preferred Shares (NYSE:WRIPrE) are $0.434375 per share for the same period. Dividends on the 6.50% Series F Cumulative Redeemable Preferred Shares (NYSE:WRIPrF) are $0.40625 per share for the quarter. All preferred dividends are also payable on December 15, 2009 to shareholders of record on December 7, 2009.

Existing Portfolio

Conditions across most of the existing portfolio appear to be stabilizing as retailers are learning to adapt to current market conditions by managing inventories.  Overall occupancy increased to 91.1% during the third quarter compared to 90.9% during the second quarter of 2009.  Retail occupancy was flat quarter-over-quarter at 92.1%, the second straight quarter retail occupancy has not declined.  Industrial occupancy saw a slight up-tick to 88.0% from 87.7% in the second quarter of 2009.  Overall occupancy is expected to remain at around 91% through the balance of 2009.

For leases commencing during the quarter, the average rental rate increased 3.8% on a GAAP basis.  Year-to-date rental rates have increased 8.1%, however this metric is expected to move to a negative number in the fourth quarter as some of the leases signed in the first six months of 2009 begin to commence at lower rental levels.

The Company completed 393 new leases and renewals during the quarter, totaling 1.2 million square feet and representing $17.5 million of annual revenue.  The 393

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transactions were comprised of 176 new leases and 217 lease renewals which represent annual revenue of $7.5 million and $10.0 million, respectively.  New leases and renewals during the quarter were up from third quarter of 2008 where 305 new leases and renewals were completed.

Same Property Net Operating Income (NOI) was down 4.0% overall during the quarter, with retail properties down 4.0% and industrial properties down 3.9%.  This is in-line with management’s expectations and the Company continues to believe it will meet the prior guidance for the full year of -2% to - -3%; however it may be towards the bottom end of the range.  The decrease in Same Property NOI was primarily a result of lower average occupancy for the quarter compared to the same period in 2008.

“Operations seem to have stabilized and we can see an improving future.  The leasing team is continuing its forward momentum of leasing space, especially in the big box arena.  In addition, we are encouraged that Weingarten’s anchors including supermarkets, general merchandise stores, discount clothing and restaurants continue to outperform other categories.” said Johnny Hendrix, Executive Vice President of Asset Management.

Balance Sheet

The Company continued to strengthen its balance sheet during 2009 with several significant financings and other transactions. These transactions allowed the Company to reduce its revolving credit agreement to zero subsequent to quarter-end and significantly reduced near term maturities.

Weingarten completed the tender of its convertible bonds, resulting in a total of $320 million of principal being retired during the third quarter.

Also, during the quarter and subsequent to quarter-end, the Company reported it closed three secured loans.  First, the Company completed a $71 million secured loan with a major life insurance company.  The loan has a seven-year term and is secured by five retail shopping centers with an interest rate of 7.4%.  Secondly, the Company closed a $58 million secured loan with another life company.  This loan has a ten-year term at a 7% interest rate, and is secured by ten industrial properties.  Subsequent to quarter-end, the Company closed the final secured loan for $27 million with a major bank.  With the addition of these loans, Weingarten has closed $268 million of secured financings year-to-date.

Additionally, the Company sold $100 million of ten-year unsecured notes with a five-year call option and an interest rate of 8.1%.  The notes had a par value of $20 and were sold in the retail market.  The notes are listed on the NYSE under the ticker symbol “WRD”.

“Despite the turbulent economy and difficult financial markets, we have executed the liquidity plan that we outlined at the beginning of the year very effectively.  The team has reduced leverage to around 46%, significantly reduced total debt maturities through 2011

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to only $485 million and provided adequate liquidity allowing the Company to focus on growth opportunities.” stated Steve Richter, Executive Vice President and Chief Financial Officer.

New Joint Venture

The Company also reported that subsequent to quarter-end, it closed on the first phase of the Southeast Retail Joint Venture, which in total includes six properties for a total value of $160 million.  The first phase, which includes four unencumbered properties, was sold to the Joint Venture for $114 million under an all equity arrangement.  The Joint Venture is currently in the secured market to leverage these assets and anticipates closing the loan before the end of the year.  The two remaining properties, which have existing mortgages, will close upon the Joint Venture’s assumption of the loans. The new Joint Venture is targeting 60% leverage and Weingarten will retain a 20% interest in the assets.

“We are very pleased to partner with Jamestown, a highly respected German manager of real estate funds, founded in 1983 with almost $8 billion invested in US assets.  Weingarten has a long, successful history of performing well for its partners and we are pleased to have Jamestown in this group,” stated Drew Alexander.

New Development

The Company performed a thorough analysis of each property in the New Development program during the third quarter, resulting in an impairment of $43 million, after tax.  Additionally, the Company stabilized seven properties, some earlier than normal (this resulted in moving the project from its New Development program into operating properties) and transferred $107 million of total investment on projects where buildings had yet to commence to Land Held for Development.

After transferring the properties to Land Held for Development and recognizing stabilizations during the third quarter,thenew development pipeline now includes 13 properties at various stages of development with an estimated Weingarten investment of $242 million when completed.  Each of the remaining 13 projects stabilizing in 2010 and beyond have anchor tenants secured, with the overall pipeline 83% leased, including tenant-owned square footage.

The Company reported that through third quarter, they delivered $110 million in completions which meets its 2009 guidance of $100 - 130 million.

Seven properties were stabilized during the third quarter, representing a total investment of $79 million with a current return on investment of 7.0%.  These seven properties averaged 93% leased at quarter-end, including tenant-owned square footage.

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Portfolio Enhancements

Weingarten disposed of $17 million of assets in the third quarter at an average cap rate of 8.4%.  Subsequent to quarter-end, an additional $47 million of assets were sold, bringing year-to-date dispositions to $163 million at an average cap rate of 8.1%.  During the third quarter the Company slowed the disposition program due to successfully eliminating any liquidity issues. Therefore, the Company is reducing its previous guidance of $300 million in one-off dispositions to a range that falls closer to $200 to $250 million in total one-off dispositions for 2009.  This guidance does not include the sale to the Southeast Retail Joint Venture which closed subsequent to quarter-end.

Outlook

The Company, based on the performance of its quality portfolio, increased full year 2009 FFO guidance from a range of $1.88 to $2.12 per share to a range of $2.08 to $2.16 per share, excluding the $0.39 per share effect of the non-cash impairment charge and $0.23 per share of gains from the retirement of debt.

The Company reported that its 2010 budget process is not finalized, however management anticipates full year 2010 FFO to be in the range of $1.54 to $1.78 per share.

“As I have discussed many times before, Weingarten has a seasoned and experience management team that worked diligently to ensure maximum value be created through each transaction during the third quarter, as well as, throughout the year,” said Drew Alexander. “We are optimistic that operating fundamentals will continue to improve and we will begin to grow the portfolio and FFO.  While acquisition opportunities have been limited thus far, we do believe we are entering a period of opportunity for creating shareholder value through acquiring assets in this turbulent real estate market”

Conference Call Information

The Company also announced that it will host a live webcast of its quarterly conference call on October 26, 2009 at 10:00 a.m. Central Time. The live webcast can be accessed via the Company’s Web site at www.weingarten.com. Alternatively, if you are not able to access the call on the web, you can listen live by phone by calling (877) 763-1324 (no confirmation code). A replay and Podcast will also be available through the Company’s Web site starting approximately two hours following the live call or can be heard by calling (800) 642-1687, identification number 29020017 until 11:59 PM Central Time on October 27, 2009.

About Weingarten Realty Investors

Weingarten Realty Investors (NYSE: WRI) is a commercial real estate owner, manager and developer.  At September 30, 2009, the company owned or operated under long-term leases, either directly or through its interest in real estate joint ventures or partnerships, a

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total of 385 developed income-producing properties and 13 properties under various stages of construction and development. The total number of properties includes 315 neighborhood and community shopping centers located in 22 states spanning the country from coast to coast. The company also owns 80 industrial projects located in California, Florida, Georgia, Tennessee, Texas and Virginia and three other operating properties located in Arizona and Texas.   At September 30, 2009, the company’s portfolio of properties was approximately 72.3 million square feet.

Forward-Looking Statements

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

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Financial Statements
Weingarten Realty Investors
(in thousands, except per share amounts)
			Three Months Ended						Nine Months Ended
			September 30,						September 30,
CONDENSED CONSOLIDATED STATEMENTS OF INCOME			2009			2008			2009			2008
AND FUNDS FROM OPERATIONS			(Unaudited)						(Unaudited)
Rentals, net			$	139,636		$	149,725		$	422,106		$	441,288
Other Income				4,908			4,242			12,321			10,310
		Total Revenues		144,544			153,967			434,427			451,598
Depreciation and Amortization				37,159			35,368			112,836			115,281
Operating Expense				25,733			26,045			76,014			77,151
Ad Valorem Taxes, net				18,275			19,967			55,012			54,620
Impairment Loss				32,774						32,774
General and Administrative Expense				6,178			5,816			19,198			19,774
		Total Expenses		120,119			87,196			295,834			266,826
Operating Income				24,425			66,771			138,593			184,772
Interest Expense, net				(36,431	)		(40,878	)		(115,247	)		(118,724	)
Interest and Other Income, net				3,596			1,171			8,504			3,919
Equity in (Loss) Earnings of Real Estate Joint Ventures and Partnerships, net				(4,763	)		5,151			2,783			15,537
Gain on Redemption of Convertible Senior Unsecured Notes				16,453						25,311
Gain on Merchant Development Sales				491			1,418			18,619			8,240
Provision for Income Taxes				(4,364	)		(701	)		(7,071	)		(2,991	)
		(Loss) Income from Continuing Operations		(593	)		32,932			71,492			90,753
Operating (Loss) Income from Discontinued Operations				(1,294	)		2,016			1,250			8,398
Gain on Sale of Property from Discontinued Operations				398			4,520			7,385			53,983
		(Loss) Income from Discontinued Operations		(896	)		6,536			8,635			62,381
Gain (Loss) on Sale of Property				994			(43	)		12,374			101
Net (Loss) Income				(495	)		39,425			92,501			153,235
Less:	Net Income Attributable to Noncontrolling Interests			(20	)		(2,515	)		(2,894	)		(6,968	)
Net (Loss) Income Adjusted for Noncontrolling Interests				(515	)		36,910			89,607			146,267
Less:	Preferred Share Dividends			(8,869	)		(9,114	)		(26,607	)		(25,842	)
	Redemption Costs of Preferred Shares						(860	)					(1,850	)
Net (Loss) Income Available to Common Shareholders--Basic			$	(9,384	)	$	26,936		$	63,000		$	118,575
Earnings Per Common Share--Basic			$	(0.08	)	$	0.32		$	0.59		$	1.42
Net (Loss) Income Available to Common Shareholders--Diluted			$	(9,384	)	$	26,936		$	63,000		$	118,575
Earnings Per Common Share--Diluted			$	(0.08	)	$	0.32		$	0.59		$	1.41
Funds from Operations:
Net (Loss) Income Available to Common Shareholders			$	(9,384	)	$	26,936		$	63,000		$	118,575
Depreciation and Amortization				35,646			34,282			109,446			114,535
Depreciation and Amortization of Unconsolidated Joint Ventures				4,850			3,137			13,415			8,698
Gain on Sale of Property				(1,383	)		(4,470	)		(19,736	)		(53,437	)
(Gain) Loss on Sale of Property of Unconsolidated Joint Ventures							2			(4	)		(12	)
Funds from Operations--Basic			$	29,729		$	59,887		$	166,121		$	188,359
Funds from Operations Per Common Share--Basic			$	0.25		$	0.71		$	1.56		$	2.25
Funds from Operations--Diluted			$	29,729		$	59,887		$	166,121		$	188,359
Funds from Operations Per Common Share--Diluted			$	0.25		$	0.71		$	1.56		$	2.23
Weighted Average Shares Outstanding--Basic				119,384			83,795			106,186			83,739
Weighted Average Shares Outstanding--Diluted				119,384			84,316			106,745			84,288
			September 30,			December 31,
			2009			2008
CONDENSED CONSOLIDATED BALANCE SHEETS			(Unaudited)			(Audited)
Property			$	4,806,661		$	4,915,472
Accumulated Depreciation				(861,547	)		(812,323	)
Property Held for Sale, net				51,007
Investment in Real Estate Joint Ventures and Partnerships, net				311,353			357,634
Notes Receivable from Real Estate Joint Ventures and Partnerships				323,141			232,544
Unamortized Debt and Lease Costs, net				109,661			119,464
Accrued Rent and Accounts Receivable, net				84,948			103,873
Cash and Cash Equivalents				104,694			58,946
Restricted Deposits and Mortgage Escrows				14,526			33,252
Other, net				92,854			105,350
		Total Assets	$	5,037,298		$	5,114,212
Debt, net			$	2,724,888		$	3,148,636
Accounts Payable and Accrued Expenses				152,022			179,432
Other, net				98,791			90,461
		Total Liabilities		2,975,701			3,418,529
Commitments and Contingencies							41,000
Preferred Shares of Beneficial Interest				8			8
Common Shares of Beneficial Interest				3,605			2,625
Accumulated Additional Paid-In Capital				1,949,308			1,514,940
Net Income Less Than Accumulated Dividends				(80,015	)		(37,245	)
Accumulated Other Comprehensive Loss				(27,814	)		(29,676	)
		Shareholders' Equity		1,845,092			1,450,652
Noncontrolling Interest				216,505			204,031
		Total Liabilities, Shareholders' Equity and Noncontrolling Interest	$	5,037,298		$	5,114,212

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EX-99.2

EXHIBIT 99.2

 

Supplemental Financial Information

September 30, 2009

(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
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
Supplemental Analyst Information		11
Summary Balance Sheet Information		12
	Common Share Data
	Capitalization
	Capital Availability
	Credit Ratings
Debt Information		13 - 14
	Outstanding Balance Summary
	Fixed vs. Variable Rate Debt
	Secured vs. Unsecured Debt
	Coverage Ratios
	Weighted Average Interest Rates
	Schedule of Maturities
Other Information		15 - 16
	Tenant Diversification
	Lease Expirations
	Leasing Production
	Average Minimum Rent per Square Foot
	Occupancy
Property Information		17 - 40
	Property Investment Summary
	New Development Properties (by Stabilization)
	New Development Property List & Estimated Final Investment Roll-Forward
	Land Held for Development and Quarterly Roll-Forward
	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 September 30, 2009, we owned or operated under long-term leases, interests in 385 developed income-producing properties and 13 new development properties (including 10 which are income-producing), which are located in 23 states that span the United States from coast to coast.  Included in the portfolio are 315 shopping centers, 80 industrial projects, and 3 other operating properties.  Our interests in these properties aggregated approximately 46.0 million square feet of leasable area.  Our properties were 91.1% leased as of September 30, 2009, 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
	8.1% 2019 Notes	WRD

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Weingarten Realty Investors
Condensed Consolidated Statements of Income and Comprehensive Income
(in thousands, except per share amounts)
(as reported)
		Three Months Ended						Nine Months Ended
		September 30,						September 30,						Twelve Months Ended December 31,
		2009			2008			2009			2008			2008			2007			2006			2005
Revenues:
Rentals, net		$	139,636		$	149,725		$	422,106		$	441,288		$	584,956		$	554,129		$	500,685		$	452,731
Other			4,908			4,242			12,321			10,310			13,852			13,197			6,689			6,056
Total			144,544			153,967			434,427			451,598			598,808			567,326			507,374			458,787
Expenses:
Depreciation and amortization			37,159			35,368			112,836			115,281			151,939			124,009			113,323			103,034
Operating			25,733			26,045			76,014			77,151			114,976			100,508			82,686			68,143
Ad valorem taxes, net			18,275			19,967			55,012			54,620			71,346			65,043			59,067			53,101
Impairment loss			32,774						32,774						52,539
General and administrative			6,178			5,816			19,198			19,774			25,761			26,979			23,801			17,379
Total			120,119			87,196			295,834			266,826			416,561			316,539			278,877			241,657
Operating Income			24,425			66,771			138,593			184,772			182,247			250,787			228,497			217,130
Interest Expense, net			(36,431	)		(40,878	)		(115,247	)		(118,724	)		(156,317	)		(156,248	)		(148,052	)		(128,565	)
Interest and Other Income, net			3,596			1,171			8,504			3,919			4,333			8,485			9,043			2,849
Equity in (Loss) Earnings of Real Estate Joint Ventures and Partnerships, net (a)			(4,763	)		5,151			2,783			15,537			12,196			19,853			14,655			6,610
Gain on Redemption of Convertible Senior Unsecured Notes			16,453						25,311						12,961
Gain on Merchant Development Sales			491			1,418			18,619			8,240			8,342			16,385			7,166			804
(Provision) Benefit for Income Taxes			(4,364	)		(701	)		(7,071	)		(2,991	)		10,191			(4,073	)		(1,366	)
(Loss) Income from Continuing Operations			(593	)		32,932			71,492			90,753			73,953			135,189			109,943			98,828
Operating (Loss) Income from Discontinued Operations			(1,294	)		2,016			1,250			8,398			9,922			17,404			30,310			39,120
Gain on Sale of Property from Discontinued Operations			398			4,520			7,385			53,983			68,722			83,659			145,494			65,459
(Loss) Income from Discontinued Operations			(896	)		6,536			8,635			62,381			78,644			101,063			175,804			104,579
Gain (Loss) on Sale of Property			994			(43	)		12,374			101			1,998			4,086			22,493			22,306
Net (Loss) Income			(495	)		39,425			92,501			153,235			154,595			240,338			308,240			225,713
Less:	Net Income Attributable to Noncontrolling Interests		(20	)		(2,515	)		(2,894	)		(6,968	)		(8,943	)		(10,237	)		(6,414	)		(6,060	)
Net (Loss) Income Adjusted for Noncontrolling Interests			(515	)		36,910			89,607			146,267			145,652			230,101			301,826			219,653
Preferred Share Dividends			(8,869	)		(9,114	)		(26,607	)		(25,842	)		(34,711	)		(25,375	)		(10,101	)		(10,101	)
Redemption Costs of Preferred Shares						(860	)					(1,850	)		(1,850	)
Net (Loss) Income Available to Common Shareholders		$	(9,384	)	$	26,936		$	63,000		$	118,575		$	109,091		$	204,726		$	291,725		$	209,552
Earnings Per Common Share - Basic		$	(0.08	)	$	0.32		$	0.59		$	1.42		$	1.29		$	2.39		$	3.33		$	2.35
Earnings Per Common Share - Diluted		$	(0.08	)	$	0.32		$	0.59		$	1.41		$	1.28		$	2.35		$	3.24		$	2.31
(a) See Page 8 for the Company's pro rata share of the operating results of its unconsolidated real estate joint ventures and partnerships.
Note: Prior periods have been restated to conform to the current year presentation for the adoption of FSP APB 14-1, "Accounting for Convertible Debt Instruments That May be Settled in Cash upon Conversion (Including Partial Cash Settlement)" (ASC 470) and SFAS 160, "Noncontrolling Interests in Consolidatd Financial Statements--an amendment of ARB No. 51 (ASC 810)."

Page 2

Weingarten Realty Investors
Condensed Consolidated Balance Sheets
(in thousands, except per share amounts)
(as reported)
	September 30,			December 31,
	2009			2008
ASSETS
Property	$	4,806,661		$	4,915,472
Accumulated Depreciation		(861,547	)		(812,323	)
Property Held for Sale, net		51,007
Property, net		3,996,121			4,103,149
Investment in Real Estate Joint Ventures and Partnerships, net (a)		311,353			357,634
Total		4,307,474			4,460,783
Notes Receivable from Real Estate Joint Ventures and Partnerships		323,141			232,544
Unamortized Debt and Lease Costs, net		109,661			119,464
Accrued Rent and Accounts Receivable (net of allowance for doubtful accounts of $9,608 in 2009 and $12,412 in 2008)		84,948			103,873
Cash and Cash Equivalents		104,694			58,946
Restricted Deposits and Mortgage Escrows		14,526			33,252
Other, net		92,854			105,350
Total	$	5,037,298		$	5,114,212
LIABILITIES AND EQUITY
Debt, net	$	2,724,888		$	3,148,636
Accounts Payable and Accrued Expenses		152,022			179,432
Other, net		98,791			90,461
Total		2,975,701			3,418,529
Commitments and Contingencies					41,000
Equity:
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 2009 and 2008; liquidation preference $75,000		3			3
6.95% Series E cumulative redeemable preferred shares of
beneficial interest; 29 shares issued and outstanding in 2009
and 2008; liquidation preference $72,500		1			1
6.5% Series F cumulative redeemable preferred shares of
beneficial interest; 140 shares issued and outstanding in 2009
and 2008; liquidation preference $350,000		4			4
Common Shares of Beneficial Interest - par value, $.03 per share;
shares authorized: 150,000; shares issued and outstanding:
119,790 in 2009 and 87,102 in 2008		3,605			2,625
Accumulated Additional Paid-In Capital		1,949,308			1,514,940
Net Income Less Than Accumulated Dividends		(80,015	)		(37,245	)
Accumulated Other Comprehensive Loss		(27,814	)		(29,676	)
Shareholders' Equity		1,845,092			1,450,652
Noncontrolling Interest		216,505			204,031
Total Equity		2,061,597			1,654,683
Total	$	5,037,298		$	5,114,212
(a) This represents the Company's investment of its unconsolidated real estate joint ventures and partnerships. See page 8 for additional information.
Note: The prior period has been restated to conform to the current year presentation for the adoption of FSP APB 14-1, "Accounting for Convertible Debt Instruments That May Be Settled in Cash upon Conversion (Including Partial Cash Settlement)" (ASC 470) and SFAS 160, "Noncontrolling Interests in Consolidated Financial Statements--an amendment of ARB No. 51 (ASC 810)."

Page 3

Weingarten Realty Investors
Summary Operating Data
(in thousands, except per share amounts)
	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2009			2008			2009			2008
Funds from Operations
Numerator:
Net (loss) income available to common shareholders	$	(9,384	)	$	26,936		$	63,000		$	118,575
Depreciation and amortization		35,646			34,282			109,446			114,535
Depreciation and amortization of unconsolidated real estate joint ventures and partnerships		4,850			3,137			13,415			8,698
Gain on sale of property		(1,383	)		(4,470	)		(19,736	)		(53,437	)
(Gain) loss on sale of property of unconsolidated real estate joint ventures and partnerships					2			(4	)		(12	)
Funds from Operations - Basic		29,729			59,887			166,121			188,359
Funds from operations attributable to operating partnership units
Funds from Operations - Diluted	$	29,729		$	59,887		$	166,121		$	188,359
Denominator:
Weighted average shares outstanding - Basic		119,384			83,795			106,186			83,739
Effect of dilutive securities:
Share options and awards					521			559			549
Operating partnership units
Weighted average shares outstanding - Diluted		119,384			84,316			106,745			84,288
Funds from Operations per Share - Basic	$	0.25		$	0.71		$	1.56		$	2.25
Funds from Operations Per Share - Diluted	$	0.25		$	0.71		$	1.56		$	2.23
Growth in Funds from Operations per Share - Diluted					-64.8	%					-30.0	%

 Note: Due to the dilution from the common equity offering in April, the reported Funds from Operations per share for individual quarters will not sum to the year to date Funds from Operations per share.

Dividends
Common Dividends per Share	$	0.250		$	0.525		$	1.025		$	1.575
Common Dividends Paid as a % of Funds from Operations		100.7	%		73.7	%		63.7	%		70.2	%
General and Administrative Expenses
General and Administrative Expenses/Total Revenue		4.3	%		3.8	%		4.4	%		4.4	%
General and Administrative Expenses/Total Assets before Depreciation		0.10	%		0.10	%		0.33	%		0.33	%
Net Operating Income *
Same Property NOI Growth: **
Cash Basis
Retail		-4.0	%		-1.0	%		-4.2	%		0.5	%
Industrial		-3.9	%		3.5	%		-3.1	%		2.6	%
Total		-4.0	%		-0.6	%		-4.1	%		0.7	%

*	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
Per Share
	Three Months Ended September 30, 2009
Funds from Operations per Common Share - Diluted, as Reported	$	0.25
Gain on Redemption of Convertible Senior Unsecured Notes		(0.14	)
Impairment Loss, net of taxes:
Impairment Loss		0.27
Discontinued Operations		0.02
Equity in Loss of Real Estate Joint Ventures and Partnerships		0.06
Provision for Income Taxes:
Tax Benefit Related to Current Impairment Charges		(0.04	)
Valuation Allowance Against Deferred Tax Asset		0.08
Net Income Attributable to Noncontrolling Interests		(0.01	)
Total Impairment Loss		0.38
Write-off of Misc Notes Receivables:
Equity in Loss of Real Estate Joint Ventures and Partnerships		0.01
Adjusted Funds from Operations per Common Share - Diluted	$	0.50

Page 5

Weingarten Realty Investors
Summary Operating Data (continued)
(in thousands)
	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2009			2008			2009			2008
Rentals, net
Base minimum rent, net	$	107,932		$	112,939		$	324,872		$	335,386
Straight line rent		1,649			3,380			5,980			8,659
Over/Under-market rentals, net		622			947			2,031			2,605
Percentage rent		1,835			1,331			3,756			3,710
Tenant reimbursements		27,598			31,128			85,467			90,928
Total	$	139,636		$	149,725		$	422,106		$	441,288
	Three Months Ended						Nine Months Ended
	September 30,						September 30,
		2009			2008			2009			2008
Interest Expense, net
Interest paid or accrued	$	38,850		$	47,303		$	125,790		$	138,412
Over-market mortgage adjustment		(984	)		(1,189	)		(3,089	)		(4,312	)
Gross interest expense		37,866			46,114			122,701			134,100
Less:
Capitalized interest		(1,435	)		(5,236	)		(7,454	)		(15,376	)
Interest expense, net	$	36,431		$	40,878		$	115,247		$	118,724
	Three Months Ended						Nine Months Ended
	September 30,						September 30,
		2009			2008			2009			2008
Fee Income from Real Estate Joint Ventures and Partnerships
Recurring	$	1,510		$	1,733		$	4,664		$	5,173
Non-Recurring								63			95
Total	$	1,510		$	1,733		$	4,727		$	5,268
							September 30,			December 31,
								2009			2008
Property
Land							$	932,742		$	964,982
Land held for development								155,116			118,078
Land under development								33,606			101,587
Buildings and improvements								3,529,669			3,488,385
Construction in-progress								155,528			242,440
Total							$	4,806,661		$	4,915,472

Page 6

Weingarten Realty Investors
Financial Statements of Unconsolidated Real Estate Joint Ventures and Partnerships at 100%
(in thousands)
	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2009			2008			2009			2008
Revenues:
Base minimum rent, net	$	30,334		$	28,785		$	91,550		$	84,652
Straight line rent		1,418			466			3,192			2,318
Over/Under-market rentals, net		1,602			1,166			4,709			3,771
Percentage rent		340			148			709			514
Tenant reimbursements		7,115			7,343			23,735			22,779
Other income		1,428			1,113			4,366			3,310
Total		42,237			39,021			128,261			117,344
Expenses:
Depreciation and amortization		14,204			10,868			40,702			30,099
Interest, net		7,871			5,491			22,470			14,808
Operating		8,507			6,218			23,612			19,146
Ad valorem taxes, net		5,084			4,480			15,915			13,834
General and administrative		1,581			809			4,144			1,786
Impairment loss		6,923						6,923
Total		44,170			27,866			113,766			79,673
Gain on merchant development sales					443						933
Gain (loss) on sale of property					(3	)		11			35
Net (loss) income	$	(1,933	)	$	11,595		$	14,506		$	38,639
							September 30,			December 31,
							2009			2008
ASSETS
Property							$	1,970,181		$	1,951,771
Accumulated depreciation								(160,541	)		(129,227	)
Property, net								1,809,640			1,822,544
Other assets, net								234,844			256,688
Total							$	2,044,484		$	2,079,232
LIABILITIES AND SHAREHOLDERS' EQUITY
Debt, net							$	438,128		$	472,486
Amounts payable to Weingarten Realty Investors								337,956			248,969
Other liabilities, net								92,216			149,265
Total								868,300			870,720
Accumulated equity								1,176,184			1,208,512
Total							$	2,044,484		$	2,079,232

Page 7

Weingarten Realty Investors
Financial Statements of Unconsolidated Real Estate Joint Ventures and Partnerships at Pro rata Share
(in thousands)
	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2009			2008			2009			2008
Revenues:
Base minimum rent, net	$	9,527		$	8,344		$	28,718		$	24,330
Straight line rent		472			103			1,144			748
Over/Under-market rentals, net		323			246			957			761
Percentage rent		168			60			316			166
Tenant reimbursements		2,195			2,264			7,620			6,649
Other income		637			533			2,014			1,065
Total		13,322			11,550			40,769			33,719
Expenses:
Depreciation and amortization		4,850			3,137			13,415			8,698
Interest, net		2,796			1,581			7,812			3,936
Operating		2,920			1,802			7,660			5,373
Ad valorem taxes, net		1,592			1,381			5,010			3,951
General and administrative		717			345			1,872			676
Impairment loss		6,747						6,747
Total		19,622			8,246			42,516			22,634
Gain on merchant development sales					222						402
Gain (loss) on sale of property					(2	)		4			12
Net (loss) income	$	(6,300	)	$	3,524		$	(1,743	)	$	11,499
							September 30,			December 31,
							2009			2008
ASSETS
Property							$	602,827		$	593,923
Accumulated depreciation								(59,085	)		(48,476	)
Property, net								543,742			545,447
Other assets, net								96,609			104,439
Total							$	640,351		$	649,886
LIABILITIES AND SHAREHOLDERS' EQUITY
Debt, net							$	150,824		$	164,699
Amounts payable to Weingarten Realty Investors								159,756			117,150
Other liabilities, net								35,370			63,320
Total								345,950			345,169
Accumulated equity								294,401			304,717
Total							$	640,351		$	649,886
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
September 30, 2009
(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 (Loss) of Unconsolidated JVs
TIAA Florida Retail LLC		7		1,258	$	332,987	$	-		20.0	%	$	-	$	64,107	$	1,647
AEW SRP, LLC		10		895		167,642		104,780		25.0	%		26,195		13,093		25
Collins		8		1,110		155,344		30,385		50.0	%		15,192		55,366		1,730
AEW - Institutional Client		6		523		135,279		68,882		20.0	%		13,776		12,525		632
BIT Retail		3		715		157,178		-		20.0	%		-		30,440		892
BIT Investment Thirty-Six, LP		12		4,068		223,990		24,331		20.0	%		4,866		33,163		571
Eagle AN, LP		7		2,050		51,412		34,475		20.0	%		6,895		-		(107	)
Other		28		4,032		820,652		175,275		47.9	%		83,899		102,658		(2,607	)
Total		81		14,652	$	2,044,484	$	438,128		28.6	%	$	150,824	$	311,353	$	2,783
Joint Venture Description
RETAIL
TIAA Florida Retail LLC	Joint venture with an institutional partner, TIAA-CREF Global Real Estate.
AEW SRP, 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

Page 9

Weingarten Realty Investors
Mortgage Debt Information for Unconsolidated Joint Ventures & Partnerships
September 30, 2009
(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		104,780			5.7	%		6.3
Collins		2		30,385			6.2	%		11.9
AEW - Institutional Client		6		68,882			5.7	%		4.4
BIT Retail		-		-			-			-
BIT Investment Thirty-Six, LP		4		24,331			6.4	%		2.1
Eagle AN, LP		1		34,475			8.1	%		0.9
Other		7		99,561			5.6	%		7.7
Total		27	$	362,414			6.0	%		5.8
Schedule of Maturities
	At 100%					At WRI Share
	Maturities		Average Interest Rate			Maturities			Average Interest Rate
2009	$	1,591		6.0	%	$	436			6.0	%
2010 (1)		47,553		5.8	%		11,131			5.8	%
2011		17,515		5.8	%		8,085			5.7	%
2012		19,281		5.7	%		4,483			5.7	%
2013		47,920		5.7	%		16,725			5.7	%
2014		50,747		5.6	%		11,867			5.7	%
2015		36,979		5.7	%		8,356			5.7	%
2016		69,660		5.6	%		18,796			5.7	%
2017		46,375		5.7	%		20,633			5.7	%
Thereafter		24,793		5.0	%		12,459			5.0	%
Total	$	362,414		6.0	%	$	112,971			5.6	%
(1) All mortgages are fixed rate except for one of the "other" which has a variable rate mortgage ($3.4 million), maturing in 2010

Page 10

Weingarten Realty Investors
Supplemental Analyst Information
(in thousands)
	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2009			2008			2009			2008
Net Operating Income including Joint Ventures
Revenues	$	144,544		$	153,967		$	434,427		$	451,598
Operating expense		(25,733	)		(26,045	)		(76,014	)		(77,151	)
Ad valorem taxes		(18,275	)		(19,967	)		(55,012	)		(54,620	)
Total		100,536			107,955			303,401			319,827
Net Operating Income from Discontinued Operations		1,874			3,384			7,221			13,618
Pro rata Share of Unconsolidated Joint Ventures:
Revenues		13,322			11,550			40,769			33,719
Operating expense		(2,920	)		(1,802	)		(7,660	)		(5,373	)
Ad valorem taxes		(1,592	)		(1,381	)		(5,010	)		(3,951	)
Total		8,810			8,367			28,099			24,395
Minority Interests Share of Net Operating Income and Other Adjustments		(6,628	)		(5,404	)		(17,644	)		(11,096	)
Net Operating Income including Joint Ventures	$	104,592		$	114,302		$	321,077		$	346,744
	Three Months Ended						Nine Months Ended
	September 30,						September 30,
		2009			2008			2009			2008
Equity in (Loss) Earnings of Real Estate Joint Ventures and Partnerships, net
Net (loss) income from unconsolidated real estate joint ventures and partnerships	$	(6,300	)	$	3,524		$	(1,743	)	$	11,499
Intercompany fee income reclass		1,619			1,508			4,584			3,994
Other adjustments		(82	)		119			(58	)		44
Equity in (loss) earnings of real estate joint ventures and partnerships, net	$	(4,763	)	$	5,151		$	2,783		$	15,537

Page 11

Weingarten Realty Investors
Summary Balance Sheet Information
(in thousands, except common share data and percentages)
	September 30,			December 31,
	2009			2008
Common Share Data
Closing Market Price	$	19.92		$	20.69
Dividend Yield		5.02	%		10.15	%
90-Day, Average Daily Trading Volume		1,849,118			2,372,033
Capitalization (As reported)
Debt	$	2,724,888		$	3,148,636
Preferred Shares		497,500			497,500
Common Shares at Market		2,386,217			1,802,140
Operating Partnership Units at Market		39,800			45,559
Total Market Capitalization	$	5,648,405		$	5,493,835
Debt to Total Market Capitalization		48.2	%		57.3	%
Capitalization (Pro rata)
Debt	$	2,667,710		$	3,108,982
Preferred Shares		497,500			497,500
Common Shares at Market		2,386,217			1,802,140
Operating Partnership Units at Market		39,800			45,559
Total Market Capitalization	$	5,591,227		$	5,454,181
Debt to Total Market Capitalization		47.7	%		57.0	%
Capital Availability
Total Revolver Capacity	$	575,000		$	575,000
Revolver Balance Outstanding		190,000			383,000
Outstanding Letters of Credit under Revolver		10,007			10,057
Unused Portion of $575 MM Revolver	$	374,993		$	181,943
Credit Ratings	S&P			Moody's
Senior Debt	BBB			Baa2
Preferred Shares	BB+			Baa3

Page 12

Weingarten Realty Investors
Debt Information
(in thousands, except percentages)
					3rd Quarter						4th Quarter
		September 30,			Weighted			December 31,			Weighted
		2009			Average Rate (1)			2008			Average Rate (1)
Outstanding Balance Summary
Mortgage Debt		$	1,191,340			6.41	%	$	1,003,709			6.37	%
7% 2011 Bonds			117,670			7.00	%		200,000			7.00	%
3.95% Convertible Bonds (2)			131,060			3.95	%		514,298			3.95	%
8.1% 2019 Notes			100,000			8.10	%
Unsecured Notes Payable			961,962			5.70	%		1,014,567			5.77	%
Revolving Credit Agreements (3)			190,000			1.35	%		383,000			2.55	%
Industrial Revenue Bonds			3,131			2.92	%		3,337			3.44	%
Obligations under Capital Leases			29,725			5.29	%		29,725			5.98	%
	Total Debt - As Reported		2,724,888			5.48	%		3,148,636			5.31	%
Less: Noncontrolling Interest			(208,002	)					(204,353	)
Plus: WRI Share of Unconsolidated Joint Ventures			150,824						164,699
	Total Debt - Pro rata Share	$	2,667,710			5.48	%	$	3,108,982			5.31	%
		September 30,						December 31,
		2009			% of Total			2008			% of Total
Fixed vs. Variable Rate Debt (at Pro rata Share)
(includes the effect of interest rate swaps)
Fixed-rate debt		$	2,408,086			90.3	%	$	2,659,268			85.5	%
Variable-rate debt			259,624			9.7	%		449,714			14.5	%
	Total	$	2,667,710			100.0	%	$	3,108,982			100.0	%
Secured vs. Unsecured Debt (at Pro rata Share)
Secured Debt		$	1,125,954			42.2	%	$	992,491			31.9	%
Unsecured Debt			1,541,756			57.8	%		2,116,491			68.1	%
	Total	$	2,667,710			100.0	%	$	3,108,982			100.0	%
Coverage Ratios (at Pro rata Share trailing 4 quarters)
Fixed Charge Coverage			2.06	x					1.99	x
Interest Coverage			2.47	x					2.37	x
Debt Service Coverage			2.36	x					2.31	x
		As			Pro rata
		Reported			Share
Weighted Average Interest Rates (1)
Nine months ended 09/30/09			5.39	%		5.41	%
Three months ended 09/30/09			5.48	%		5.48	%
Twelve months ended 12/31/08			5.54	%		5.53	%
(1)	Weighted average interest rates exclude the effects of FAS 141, discounts on convertible bonds, and loan costs related to financing.
(2)	The convertible bonds, with a face value of $135.2 million, 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 0.89% in third quarter 2009 and 2.34% in fourth quarter 2008.

Page 13

Weingarten Realty Investors
Debt Information
(in thousands, except percentages)
Schedule of Maturities at September 30, 2009
	As Reported					Pro rata Share
	Maturities		Rate (6)			Maturities		Rate (6)			Floating Rate			Fixed Rate
2009  (1)	$	13,986		5.45	%	$	14,300		5.51	%	$	9,191		$	5,109
2010  (2)		115,934		6.42	%		126,780		6.48	%		2,429			124,351
2011  (3)		219,832		6.76	%		226,555		6.78	%		488			226,067
2012		342,592		5.68	%		344,382		5.72	%		3,559			340,823
2013		417,797		6.03	%		311,017		5.87	%		841			310,176
2014		384,475		5.46	%		395,642		5.49	%		3,102			392,540
2015		253,992		6.40	%		217,510		6.03	%		1,124			216,386
2016		215,850		6.62	%		234,937		6.28	%		1,296			233,641
2017		119,005		6.98	%		140,023		6.44	%		1,456			138,567
2018		55,040		7.57	%		15,118		5.78	%		1,553			13,565
Thereafter  (3)		357,932		6.49	%		396,160		5.30	%		29,239			366,921
Subtotal		2,496,435					2,422,424					54,278			2,368,146
Revolvers  (4)		190,000		1.40	%		190,000		1.40	%		190,000
Other  (5)		38,453					55,286					(34,654	)		89,940
Swap Maturities:
2014												50,000			(50,000	)
Total	$	2,724,888		5.39	%	$	2,667,710		5.41	%	$	259,624		$	2,408,086
(1) Includes $2.3 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 $135.2 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, fair value of swaps and discounts on notes. Our pro rata share calculation also includes bonds issued in association with a guarantee in connection with a project in Denver, Colorado.
(6) Weighted average interest rates exclude the effects of FAS 141, discounts on convertible bonds, 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		27		1.94	%		1,256
	2	ROSS STORES, INC.	Ross Dress for Less		36		1.68	%		777
	3	T.J.X. COMPANIES, INC.	T.J. Maxx, Marshalls, Home Goods		33		1.64	%		803
	4	HOME DEPOT, INC.			7		1.26	%		806
	5	PUBLIX SUPER MARKETS, INC.			23		1.18	%		730
	6	SAFEWAY, INC.	Safeway, Randalls, Von's		18		1.14	%		765
	7	OFFICE DEPOT, INC.			26		1.11	%		525
	8	PETSMART, INC.			20		1.02	%		364
	9	BARNES & NOBLE INC.	Barnes & Noble, Bookstop Booksellers		12		0.91	%		267
	10	GAP, INC.	Gap, Old Navy, Banana Republic		19		0.89	%		297
	11	BLOCKBUSTER VIDEO			47		0.83	%		216
	12	PETCO ANIMAL SUPPLIES, INC.			22		0.75	%		251
	13	STAPLES			14		0.73	%		303
	14	24 HOUR FITNESS INC.			7		0.70	%		179
	15	BED BATH & BEYOND, INC.			18		0.66	%		347
	16	WHOLE FOODS			6		0.66	%		218
	17	H E BUTT GROCERY			6		0.64	%		291
	18	OFFICE MAX INC.			11		0.63	%		250
	19	HARRIS TEETER			7		0.62	%		287
	20	DOLLAR TREE STORES, INC.	Dollar Tree, Greenbacks		30		0.61	%		287
	21	THE SPORTS AUTHORITY			6		0.60	%		222
	22	RALEY'S	Raley's Bel Air Markets		6		0.58	%		331
	23	TOYS 'R' US			9		0.58	%		312
	24	BEST BUY, INC.			10		0.58	%		225
	25	FOOD LION			9		0.49	%		335
		Total			429		22.43	%		10,643

Page 15

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		0.95	%		1.19	%		4.71	%		4.22	%		1.89	%		1.54	%
2010		12.00	%		13.07	%		19.92	%		20.47	%		14.00	%		13.91	%
2011		14.88	%		15.42	%		13.14	%		14.88	%		14.44	%		15.36	%
2012		12.79	%		13.90	%		15.50	%		16.56	%		13.47	%		14.21	%
2013		13.06	%		13.25	%		17.05	%		16.75	%		14.06	%		13.65	%
2014-2018		30.63	%		29.27	%		27.81	%		24.88	%		29.92	%		28.78	%
2019-2028		14.93	%		13.13	%		1.87	%		2.24	%		11.64	%		11.89	%
Commenced Leases - New Lease and Renewals
				Number						GAAP Increase			Cash Increase
				of Leases			Square Feet			in Base Rent			in Base Rent
Three Months Ended
September 30, 2009
Retail					285			862			3.5	%		1.7	%
Industrial					42			535			5.9	%		2.8	%
Total					327			1,397			3.8	%		1.8	%
Three Months Ended
September 30, 2008
Retail					255			799			16.1	%		11.0	%
Industrial					51			723			5.3	%		6.5	%
Total					306			1,522			13.9	%		9.9	%
Nine Months Ended
September 30, 2009
Retail					808			2,601			8.2	%		4.3	%
Industrial					119			1,638			7.8	%		5.0	%
Total					927			4,239			8.1	%		4.4	%
Nine Months Ended
September 30, 2008
Retail					773			2,901			16.9	%		12.6	%
Industrial					140			1,902			8.8	%		7.2	%
Total					913			4,803			15.5	%		11.6	%
Note: Increase in base rent percent reflects the effect of straight line rent.
Average Minimum Rent per Square Foot
							Quarter Ended
	September 30,			June 30,			March 31,			December 31,			September 30,
		2009			2009			2009			2008			2008
Retail	$	13.33		$	13.28		$	13.24		$	13.16		$	13.05
Industrial	$	5.09		$	5.04		$	5.00		$	4.98		$	4.92
Occupancy							Quarter Ended
	September 30,			June 30,			March 31,			December 31,			September 30,
		2009			2009			2009			2008			2008
Shopping Center Portfolio		92.1	%		92.1	%		91.7	%		93.0	%		94.5	%
Industrial Portfolio		88.0	%		87.7	%		90.9	%		91.6	%		91.4	%
Total Portfolio		91.1	%		90.9	%		91.5	%		92.6	%		93.7	%
Note: A space is considered occupied upon execution of a lease agreement.

Page 16

Weingarten Realty Investors
Property Information
(in thousands at pro rata share)
Property Investment Summary
	Acquisitions		New Development		Major Repairs		Tenant Finish		Remodels/ Existing Development (1)			Leasing/ Broker Fees		All Other		Total
Nine Months Ended 9/30/2009	$	0	$	63,344	$	6,006	$	12,964	$	15,060		$	15,407	$	7,565	$	120,346
Year Ended 12/31/2008		2,685		193,235		20,570		35,290		37,781	(2)		24,002		8,231		321,793
Year Ended 12/31/2007		565,427		218,239		18,236		29,928		20,751			21,345		13,356		887,282
Year Ended 12/31/2006		602,987		166,999		14,338		27,233		2,724			20,820		2,799		837,901
(1) Primarily incremental investment on properties formerly classified as new development
(2) Includes approximately $12 million for costs incurred in 2008 for new development properties moved to land held of development

Page 17

Weingarten Realty Investors
New Development Properties (By Stabilization)
(in thousands at pro rata share, except percentages)
3Q 2009
						Total Square										Total				Est.
						Feet of		Percent Leased				Spent		Spent		Estimated				Final
				WRI		Building		Net				Year-		Inception		Investment (2)				ROI		Completions (4)
				Own		Area (1)		@				To-		to		WRI		Gross		%		YTD		Since
	Center Name	Location	Anchors	%		Gross	Net	100%		Gross		Date		Date		Costs		Costs		(3)		2009		Inception
1	Horne Street Market	Ft. Worth, Texas	24 Hour Fitness	100.0	%	47	42	100.0	%	89.4	%	$	3,175	$	12,208	$	10,804	$	10,804	8.6	%	$	10,804	$	10,804
	Stabilized 2Q 2009
1	Market at Nolana*	McAllen, Texas	Wal-Mart #	50.0	%	241	21	56.6	%	92.6	%		12		4,080		4,654		9,308				2,189		4,654
2	Jess Ranch Marketplace Phase II*	Apple Valley (Los Angeles),California	Winco #, Petsmart	50.0	%	308	107	90.5	%	93.4	%		83		17,277		18,447		36,894				1,785		18,447
3	Market at Sharyland Place*	Mission, Texas	Wal-Mart #, Kohl's	50.0	%	311	56	93.7	%	97.8	%		65		2,519		2,868		5,737				540		2,868
4	Phillips Crossing	Orlando, Florida	Golf Galaxy, Whole Foods, Michael's	100.0	%	146	146	87.4	%	87.4	%		2,707		28,759		27,405		27,405				7,842		27,405
5	Phillips Village	Orlando, Florida	Wal-Mart #	100.0	%	286	66	57.6	%	90.2	%		-53		13,550		14,432		14,432				6,292		14,432
6	Gateway Station	Ft. Worth, Texas	Kohl's #, Best Buy #, Michaels #, Ross #, Conn's	70.0	%	498	48	56.9	%	94.1	%		290		7,497		7,758		11,083				5,268		7,758
7	Epic Village Phase I - St. Augustine	St. Augustine, Florida	Epic Theatre #	70.0	%	69	9	80.1	%	89.2	%		1,691		3,295		3,713		5,305				3,713		3,713
	Properties Stabilized in 3Q 2009					1,860	453	81.2	%	93.1	%	$	4,795	$	76,977	$	79,277	$	110,163	7.0	%	$	27,629	$	79,277
	Total 2009 Stabilized Properties					1,907	495	82.4	%	93.0	%	$	7,970	$	89,185	$	90,081	$	120,967			$	38,433	$	90,081
1	Clermont Landing*	Clermont, Florida	JC Penney #, Epic Theater #, TJ Maxx, Ross	55.0	%	368	104	67.2	%	81.4	%		3,713		18,362		20,094		36,534				12,559		12,559
2	ClayPoint Distribution Park (Industrial)	Houston, Texas	Pioneer, Packaging Corp. of America	100.0	%	359	158	64.1	%	84.2	%		-8,139		4,484		8,447		8,447				5,680		7,088
3	The Shoppes at Parkwood Ranch	Mesa (Phoenix),Arizona	Hobby Lobby, Dollar Tree	100.0	%	107	93	89.1	%	90.5	%		4,240		14,049		15,268		15,268				4,407		12,058
4	Ridgeway Trace Center Phase 1	Memphis, Tennessee	Target #, Sports Authority, Best Buy	100.0	%	228	90	100.0	%	100.0	%		2,762		13,598		23,583		23,583				0		0
5	Jess Ranch Marketplace Phase III*	Apple Valley (Los Angeles),California	Cinemark, Best Buy, Bed Bath, 24 Hour Fitness	50.0	%	185	92	86.5	%	86.5	%		3,960		21,263		23,363		46,726				12,659		19,259
	Total 2010 Stabilizations					1,247	538	78.5	%	87.1	%	$	6,535	$	71,757	$	90,755	$	130,559			$	35,305	$	50,964
1	Gardens on Havana*	Aurora (Denver),Colorado	Kohl's, Target, Dick's Sporting Goods,  Sprouts	39.8	%	427	170	82.4	%	82.4	%		5,835		21,819		17,570		44,158				7,070		12,226
2	Mohave Crossroads	Bullhead City, Arizona	Target #, Kohl's #, Marshall's, Bed Bath, Staples	100.0	%	385	183	79.6	%	90.3	%		2,494		40,424		40,554		40,554				9,937		31,729
3	Surf City Crossing	Surf City (Wilmington),North Carolina	Harris Teeter	75.0	%	75	47	77.3	%	70.8	%		349		3,704		5,506		7,341				0		0
4	Waterford	Leland (Wilmington),North Carolina	Harris Teeter	75.0	%	95	67	79.3	%	80.4	%		1,484		13,031		11,073		14,764				503		11,473
	Total 2011 Stabilizations					982	468	81.0	%	84.4	%	$	10,162	$	78,978	$	74,703	$	106,816			$	17,510	$	55,428
1	Ridgeway Trace Center Phase 2	Memphis, Tennessee	Target #, Sports Authority, Best Buy	100.0	%	39	39	0.0	%	0.0	%		486		2,529		7,487		7,487				0		0
2	Tomball Marketplace	Tomball, Texas	Academy#	100.0	%	147	62	25.0	%	68.4	%		2,588		13,132		14,963		14,963				2,303		2,303
3	Westwood Center	San Antonio, Texas	Wal-Mart #	100.0	%	305	70	8.1	%	74.2	%		407		15,620		14,587		14,587				198		783
4	North Towne Plaza	Brownsville, Texas	Lowes#	75.0	%	153	27	0.0	%	76.5	%		1,708		2,964		4,891		6,522				0		0
5	Riverpoint at Sheridan*	Sheridan (Denver),Colorado	Costco #, Target #, Regal Cinema	50.0	%	496	83	59.6	%	86.5	%		33,489		56,569		34,467		68,934				12,880		14,482
	Total 2012 Stabilizations					1,140	281	32.2	%	76.6	%	$	38,678	$	90,814	$	76,395	$	112,492			$	15,381	$	17,568
	Total 13 Properties Under Development (exclusive of phasing)					3,368	1,286	70.2	%	82.8	%	$	55,375	$	241,548	$	241,853	$	349,868	7.3	%	$	68,196	$	123,960

* 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 anticipated proceeds from land sales and tax incentive financing.

(3) For properties stabilized in 3Q 2009, the ROI% is based on annualized net operating income for existing leases in place today. For properties stabilized prior to our traditional definition of 90% to 95% net leased, additional upside yield will be realized as these properties are lease-up.

(4) WRI's portion of estimated final investment dollars brought on-line based on the percentage of commenced leases

Note: Phased properties are counted as one property

Page 18

Weingarten Realty Investors
New Development Property List & Estimated Final Investment Roll-Forward
(in thousands at pro rata share)
3Q 2009
	# of			Total Estimated Investment
	Properties			WRI Costs				Gross Costs
Properties Currently Under Development
At 6/30/2009		24		$	448,773			$	624,672
Stabilized Properties During 3Q 2009
Market at Nolana					(3,920	)			(7,840	)
Jess Ranch Marketplace Phase II					(19,286	)			(38,572	)
Market at Sharyland Place					(3,047	)			(6,094	)
Phillips Crossing					(27,624	)			(27,624	)
Phillips Village					(15,210	)			(15,210	)
Gateway Station					(11,171	)			(15,958	)
Epic Village Phase I - St. Augustine					(2,002	)			(2,860	)
		(7	)		(82,260	)			(114,158	)
Estimated Final Investment Associated with Land Held For Development
Epic Village Phase I - St. Augustine					(2,139	)			(3,056	)
Market at Nolana					(653	)			(1,305	)
Palm Coast Landing Phase II *					-				-		(1)
Ridgeway Trace					(23,829	)			(23,829	)
Surf City					(1,036	)			(1,382	)
The Shoppes at Wilderness Oaks *					(8,818	)			(8,818	)
Tomball Marketplace					(30,960	)			(30,960	)
Waterford					-				-		(1)
Westover Square *					-				-		(1)
300 West Town Center *					(6,904	)			(21,700	)
Gardens of Havana Phase II					(5,916	)			(14,868	)
Mohave Crossroads Phase II					(8,146	)			(8,146	)
River Point Sheridan Phase II					(7,924	)			(15,849	)
The Shoppes at Parkwood Ranch					(4,225	)			(4,225	)
North Towne Plaza					(14,088	)			(18,784	)
		(4	)		(114,639	)	(2)		(152,922	)
ClayPoint Distribution Park (Industrial)					(10,600	)	(3)		(10,600	)
Other					579				2,876
At 9/30/2009		13		$	241,853			$	349,868
(1) Parcels moved to Land Held for development were available pads anticipated to be sold or ground leased that resulted in no net effect to estimated final investment.
(2) WRI's pro rata historical cost, less imapairment charges, (including Land and CIP) moved to Land 'Held for Development was $73.9 million.
(3) Reduction of estimated final investment due to sale of a 200,000 square foot building during the quarter.
* Denotes entire properties that were moved to Land Held for Development.

Page 19

Weingarten Realty Investors
As of September 30, 2009
in thousands, except acres
Land Held for Development
At 6/30/2009		Ownership			Gross		Investment (1)
Location		Interest			Acres			100%		Pro Rata
FM 1957 (Potranco Rd) and FM 211, San Antonio			50.0	%		198.7
South Fulton Parkway and SH 92, Union City - Atlanta			50.0	%		81.6
US Hwy 1 and Caveness Farms Road, Wake Forest - Raleigh			100.0	%		79.9
Rock Prairie Rd. at Hwy. 6, College Station			100.0	%		65.8
Shary Road and US Hwy 83, Mission			50.0	%		36.9
Highway 17 and Highway 210, Surf City			75.0	%		36.5
Decatur at 215 - Las Vegas			100.0	%		25.3
US Hwy 15-501 & Bruce Wood Rd., Southern Pines, NC			100.0	%		24.0
Creedmoor (Highway 50) and Crabtree Valley Avenue, Raleigh			100.0	%		11.7
Bear Valley Road at Jess Ranch Parkway, Apple Valley			50.0	%		10.3
Lon Adams Rd at Tangerine Farms Rd  - Tuscan			50.0	%		9.7
Mississippi at Havana, Aurora - Denver			39.8	%		9.6
Culebra Road and Westwood Loop, San Antonio			100.0	%		9.3
FM 2920 and Future 249, Tomball - Houston			100.0	%		8.4
US Hwy 17 & US Hwy 74/76, Leland			75.0	%		8.3
West Loop North at Interstate 10, Houston			100.0	%		3.3
Bear Valley Road at Jess Ranch Parkway, Apple Valley			50.0	%		3.2
Citadel Plaza at 610 North Loop, Houston			100.0	%		3.1
Young Pines and Curry Ford Rd, Orange County, Florida - Orlando			100.0	%		3.0
Northwest Freeway at Gessner, Houston			100.0	%		2.7
Other (2)			100.0	%		32.2
Total Land Held For Development Properties						663.7	$	144,810		$	112,026
Adjustments to Prior Quarter	Property Name
SH 281 & Wilderness Oaks, San Antonio, TX	Wilderness Oaks		100.0	%		29.2
FM 2920 and Future 249, Tomball - Houston	Tomball		100.0	%		25.3
Hwy 85 & Hwy 285, Sheridan, CO	River Point Sheridan		50.0	%		23.0
US 77 & FM 802, Brownsville, TX	North Towne Plaza		75.0	%		21.9
Highway 17 and Highway 210, Surf City	Surf City		75.0	%		10.0
SH 151 & Ingram Rd, San Antonio, TX	Westover Square		66.7	%		8.5
South 300 West & West Paxton Avenue, Salt Lake City, UT	300 West		31.8	%		7.5
State Hwy 95 & Bullhead Pkwy, Bullhead City, AZ	Mohave Crossroads		100.0	%		7.2
Belle Terre Pkwy & State Rd 100, Palm Coast, FL	Palm Coast Landing		50.0	%		6.7
Mississippi at Havana, Aurora - Denver	Gardens of Havana		39.8	%		5.8
SR 207 & Rolling Hills Drive, St. Augustine, FL	Epic Village		70.0	%		5.2
US Hwy 17 & US Hwy 74/76, Leland	Waterford		75.0	%		4.3
SEC Poplar Ave at I-240, Memphis, TN	Ridgeway Trace		100.0	%		4.0
29th St at Nolana Loop, McAllen, TX	Market at Nolana		50.0	%		3.8
Southern Ave & Signal Butte Rd, Mesa, AZ	Parkwood Ranch		100.0	%		1.5
Subtotal 3Q Additions to Land Held for Development						163.7	$	80,267		$	61,812
Reduction of Basis due to additional Impairment Charges							$	(10,532	)	$	(8,801	)
At 9/30/2009						827.4	$	214,545		$	165,038
(1)  Net of impairment adjustments made at 12/31/2008 and 9/30/2009
(2) Primarily represents land parcels held by WRI for many years that have never been reported as new development assets.
Note: Land costs account for $170.1 million of total investment at 100%, $130.5 million at pro rata share and $155.1 million on a GAAP basis.

Page 20

Weingarten Realty Investors
Disposition Summary
(in thousands at pro rata share)
		Sq. Ft.
		of Bldg. Area		Date	Sales		Weighted Sales
Center	City/State	at 100%		Sold	Proceeds		Cap
Operating Properties (One-Off)
New Boston Road Plaza	Texarkana, TX		99	3/26/09
Westland Fair Shopping Center - Wal-Mart and Lowe's	Las Vegas, NV		387	3/31/09
Paradise Marketplace - Smith's	Las Vegas, NV		72	4/20/09
Tropicana Marketplace - Smith's	Las Vegas, NV		71	4/20/09
Durham Festival	Durham, NC		136	6/26/09
Steeplechase	Houston, TX		194	6/29/09
Westmont	Beaumont, TX		100	6/30/09
Northwest Crossing Office/Service Center	Dallas, TX		127	7/1/09
Manhattan Place - IHOP	Harvey, LA		5	8/13/09
Manhattan Place - Chili's	Harvey, LA		5	9/14/09
Total Operating Properties					$	68,289		8.07	%
Merchant Development
Westwood Center - McDonald's	San Antonio, TX			3/13/09
Mohave Crossroads - JP Morgan Chase Bank, NA	Bullhead City, AZ			3/30/09
Wyoming Mall - Wal-Mart	Albuquerque, NM			3/31/09
Glenwood Meadows	Glenwood Springs, CO			4/1/09
I-45 Telephone Road Shopping Center - Undeveloped Land	Houston, TX			6/29/09
ClayPoint Industrial Distribution Center	Houston, TX			7/22/09
Total Merchant Development					$	47,862
Total Operting Properties & Merchant Development					$	116,151

Page 21

Weingarten Realty Investors
Total Net Operating Income at Pro rata Share by Geographic Region (1)
(in thousands, except percentages)
	Nine Months Ended September 30,										Twelve Months Ended December 31,
	2009		%			2008		%			2008		%			2007		%			2006			%			2005		%
Western Region
California	$	37,771		12.7	%	$	38,306		11.5	%	$	51,176		12.1	%	$	50,503		11.3	%	$	50,074			12.1	%	$	47,868		12.2	%
Nevada		23,738		8.0	%		25,735		7.7	%		34,360		8.1	%		31,338		7.0	%		27,796			6.7	%		25,161		6.4	%
Arizona		20,440		6.8	%		19,631		5.9	%		26,181		6.2	%		23,192		5.2	%		15,009			3.6	%		14,965		3.9	%
Colorado		6,758		2.3	%		8,800		2.6	%		10,779		2.4	%		12,162		2.7	%		13,488			3.3	%		11,447		2.9	%
New Mexico		7,005		2.3	%		8,477		2.5	%		11,355		2.7	%		10,472		2.3	%		11,394			2.8	%		10,315		2.6	%
Utah		2,714		0.9	%		2,722		0.8	%		3,614		0.9	%		3,545		0.8	%		3,231			0.8	%		2,926		0.7	%
Oregon		1,020		0.3	%		1,060		0.3	%		1,385		0.3	%		929		0.2	%		46			0.0	%		-		0.0	%
Washington		835		0.3	%		903		0.3	%		1,193		0.3	%		1,295		0.3	%		251			0.1	%		-		0.0	%
Total Western Region		100,283		33.6	%		105,633		31.6	%		140,044		33.0	%		133,437		29.8	%		121,289			29.4	%		112,683		28.7	%
Central Region
Texas	$	85,219		28.6	%	$	107,379		32.1	%	$	124,407		29.2	%	$	154,800		34.7	%	$	154,473			37.4	%	$	157,357		40.0	%
Louisiana		6,292		2.1	%		8,504		2.5	%		10,907		2.6	%		12,831		2.9	%		12,754			3.1	%		13,600		3.5	%
Kansas		1,408		0.5	%		1,496		0.4	%		1,949		0.5	%		1,980		0.4	%		3,714			0.9	%		6,282		1.6	%
Arkansas		2,292		0.8	%		2,171		0.7	%		3,006		0.7	%		3,028		0.7	%		3,505			0.8	%		3,855		1.0	%
Mississippi		-		0.0	%		-		0.0	%		-		0.0	%		-		0.0	%		(6	)		0.0	%		956		0.2	%
Illinois		2,227		0.7	%		2,366		0.7	%		3,129		0.7	%		2,378		0.5	%		2,985			0.7	%		2,870		0.7	%
Missouri		1,061		0.4	%		891		0.3	%		1,182		0.3	%		1,439		0.3	%		2,193			0.5	%		2,827		0.7	%
Oklahoma		745		0.2	%		740		0.2	%		955		0.2	%		1,009		0.2	%		3,002			0.7	%		3,616		0.9	%
Total Central Region		99,245		33.3	%		123,547		36.9	%		145,536		34.2	%		177,465		39.7	%		182,621			44.1	%		191,364		48.6	%
Eastern Region
Florida	$	51,074		17.1	%	$	53,456		16.0	%	$	70,335		16.5	%	$	67,400		15.2	%	$	56,601			13.7	%	$	46,076		11.7	%
North Carolina		19,038		6.3	%		20,164		6.0	%		26,978		6.4	%		27,027		6.1	%		23,694			5.7	%		19,749		5.0	%
Virginia		2,744		0.9	%		1,788		0.5	%		2,551		0.6	%		2,036		0.5	%		-			0.0	%		-		0.0	%
South Carolina		231		0.1	%		210		0.1	%		276		0.1	%		287		0.1	%		242			0.1	%		-		0.0	%
Georgia		16,945		5.7	%		19,029		5.7	%		25,039		5.9	%		23,929		5.4	%		14,861			3.6	%		12,119		3.1	%
Tennessee		3,605		1.2	%		5,452		1.6	%		7,015		1.6	%		6,964		1.6	%		7,386			1.8	%		5,967		1.6	%
Kentucky		4,967		1.7	%		4,978		1.5	%		6,629		1.6	%		6,787		1.5	%		5,944			1.5	%		4,719		1.2	%
Maine		249		0.1	%		191		0.1	%		278		0.1	%		381		0.1	%		433			0.1	%		538		0.1	%
Total Eastern Region		98,853		33.1	%		105,269		31.5	%		139,101		32.8	%		134,811		30.5	%		109,161			26.5	%		89,167		22.7	%
Total Net Operating Income	$	298,381		100.0	%	$	334,449		100.0	%	$	424,681		100.0	%	$	445,713		100.0	%	$	413,072			100.0	%	$	393,214		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%. Net Operating Income excludes the effect of lease cancellation income, straight-line rent adjustments and impairment charges. Pro rata financial information is not, and is not intended to be, a presentation in accordance with generally accepted accounting principles.

Page 22

Weingarten Realty Investors
Average Base Rents by CBSA
As of: 9/30/2009
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	$	10.45	126	$	1,018	$	8.07	36	$	673	$	18.85
Lake Havasu City-Kingman, AZ	1	150	$	14.91	112	$	1,425	$	12.67	33	$	738	$	22.66
Phoenix-Mesa-Scottsdale, AZ	17	1,374	$	14.21	722	$	6,429	$	8.90	487	$	10,761	$	22.08
Tucson, AZ	5	766	$	13.33	436	$	3,585	$	8.22	197	$	4,851	$	24.67
Arizona	24	2,456	$	13.71	1,397	$	12,457	$	8.91	752	$	17,021	$	22.63
Los Angeles-Long Beach et al, CA	3	584	$	17.25	395	$	5,591	$	14.14	152	$	3,858	$	25.33
Madera, CA	1	85	$	12.52	52	$	492	$	9.46	26	$	489	$	18.58
Modesto, CA	1	79	$	15.13	47	$	515	$	10.84	27	$	615	$	22.65
Redding, CA	1	121	$	16.43	65	$	560	$	8.67	44	$	1,222	$	27.85
Riverside et al, CA	4	636	$	18.74	304	$	3,656	$	12.05	207	$	5,908	$	28.57
Sacramento--Arden et al, CA	5	630	$	12.03	330	$	1,765	$	5.34	212	$	4,762	$	22.44
San Diego-Carlsbad et al, CA	2	157	$	20.65	73	$	739	$	10.16	73	$	2,272	$	31.08
San Francisco-Oakland et al, CA	3	447	$	20.89	246	$	3,575	$	14.55	162	$	4,944	$	30.48
San Jose-Sunnyvale et al, CA	2	146	$	19.71	66	$	423	$	6.43	65	$	2,153	$	33.18
Santa Cruz-Watsonville, CA	1	150	$	9.85	93	$	553	$	5.93	46	$	817	$	17.79
Santa Rosa-Petaluma, CA	1	199	$	12.92	55	$	393	$	7.20	29	$	693	$	23.54
Vallejo-Fairfield, CA	3	364	$	16.80	165	$	1,214	$	7.37	162	$	4,271	$	26.38
California	27	3,598	$	16.63	1,890	$	19,476	$	10.30	1,206	$	32,004	$	26.54
Colorado Springs, CO	2	297	$	8.89	243	$	1,852	$	7.62	47	$	722	$	15.51
Denver-Aurora, CO	9	1,035	$	14.61	334	$	2,872	$	8.60	253	$	5,708	$	22.54
Colorado	11	1,332	$	12.72	577	$	4,723	$	8.19	300	$	6,430	$	21.44
Las Vegas-Paradise, NV	11	2,225	$	14.63	1,406	$	14,888	$	10.59	537	$	13,547	$	25.23
Nevada	11	2,225	$	14.63	1,406	$	14,888	$	10.59	537	$	13,547	$	25.23
Albuquerque, NM	4	506	$	15.66	213	$	2,427	$	11.38	156	$	3,362	$	21.50
Santa Fe, NM	1	248	$	14.19	134	$	1,583	$	11.82	82	$	1,479	$	18.09
New Mexico	5	754	$	15.12	347	$	4,010	$	11.55	238	$	4,842	$	20.33
Portland-Vancouver et al, OR-WA	3	120	$	13.26	66	$	559	$	8.51	45	$	910	$	20.17
Oregon	3	120	$	13.26	66	$	559	$	8.51	45	$	910	$	20.17
Provo-Orem, UT	1	30	$	15.23	12	$	158	$	13.43	17	$	285	$	16.46
Salt Lake City, UT	2	276	$	12.46	175	$	1,771	$	10.11	83	$	1,445	$	17.42
Utah	3	307	$	12.74	187	$	1,929	$	10.32	100	$	1,730	$	17.26
Seattle-Tacoma-Bellevue, WA	4	82	$	17.22	64	$	961	$	15.08	14	$	373	$	27.13
Washington	4	82	$	17.22	64	$	961	$	15.08	14	$	373	$	27.13
Total West Region	88	10,873	$	14.89	5,934	$	59,003	$	9.94	3,192	$	76,858	$	24.08
Central Region
Little Rock-N. Little Rock, AR	3	358	$	8.82	298	$	2,287	$	7.67	45	$	736	$	16.41
Arkansas	3	358	$	8.82	298	$	2,287	$	7.67	45	$	736	$	16.41
Chicago et al, IL-IN-WI	1	304	$	10.72	268	$	2,547	$	9.49	20	$	548	$	27.06
Illinois	1	304	$	10.72	268	$	2,547	$	9.49	20	$	548	$	27.06
Kansas City, MO-KS	1	135	$	9.47	76	$	601	$	7.89	35	$	449	$	12.96
Topeka, KS	1	116	$	11.26	116	$	1,303	$	11.26	0	$	0	$	0.00
Kansas	2	251	$	10.39	192	$	1,904	$	9.92	35	$	449	$	12.96
Hammond, LA	1	227	$	6.69	108	$	339	$	3.14	82	$	933	$	11.33
Lafayette, LA	1	141	$	10.08	50	$	411	$	8.26	69	$	788	$	11.39
Lake Charles, LA	4	462	$	6.94	321	$	1,733	$	5.39	86	$	1,092	$	12.75

Page 23

Weingarten Realty Investors
Average Base Rents by CBSA
As of: 9/30/2009
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
Monroe, LA	1	141	$	5.20	87	$	296	$	3.42	45	$	387	$	8.64
New Orleans-Metairie-Kenner, LA	1	156	$	14.80	78	$	732	$	9.36	70	$	1,463	$	20.87
Louisiana	8	1,128	$	8.21	644	$	3,511	$	5.45	352	$	4,664	$	13.25
St. Louis, MO-IL	2	229	$	9.51	130	$	1,097	$	8.44	52	$	633	$	12.18
Missouri	2	229	$	9.51	130	$	1,097	$	8.44	52	$	633	$	12.18
Oklahoma City, OK	2	163	$	8.00	80	$	432	$	5.43	50	$	607	$	12.07
Oklahoma	2	163	$	8.00	80	$	432	$	5.43	50	$	607	$	12.07
Amarillo, TX	3	227	$	11.00	65	$	418	$	6.45	133	$	1,758	$	13.21
Beaumont-Port Arthur, TX	7	315	$	7.39	183	$	826	$	4.51	97	$	1,243	$	12.86
College Station-Bryan, TX	1	107	$	10.79	86	$	923	$	10.74	17	$	188	$	11.07
Corpus Christi, TX	2	490	$	13.47	194	$	1,885	$	9.72	191	$	3,302	$	17.28
Dallas-Fort Worth-Arlington, TX	10	1,238	$	12.79	628	$	6,331	$	10.09	412	$	6,966	$	16.91
Houston-Baytown-Sugar Land, TX	60	4,421	$	13.59	2,419	$	22,736	$	9.40	1,436	$	29,645	$	20.64
Killeen-Temple-Fort Hood, TX	1	115	$	11.85	98	$	1,033	$	10.52	15	$	307	$	20.62
Laredo, TX	2	377	$	14.19	260	$	3,036	$	11.70	97	$	2,029	$	20.83
Lubbock, TX	1	151	$	8.92	112	$	740	$	6.58	36	$	588	$	16.19
Lufkin, TX	1	248	$	6.79	205	$	1,073	$	5.24	29	$	512	$	17.91
McAllen-Edinburg-Pharr, TX	7	487	$	11.81	377	$	3,709	$	9.84	85	$	1,744	$	20.50
Rio Grande City, TX	1	88	$	11.27	76	$	788	$	10.42	13	$	208	$	16.27
San Antonio, TX	7	572	$	11.98	363	$	3,160	$	8.71	162	$	3,120	$	19.30
Tyler, TX	1	60	$	7.62	33	$	212	$	6.35	18	$	181	$	9.93
Texas	104	8,898	$	12.59	5,098	$	46,869	$	9.19	2,741	$	51,790	$	18.90
Total Central Region	122	11,331	$	11.80	6,710	$	58,647	$	8.74	3,295	$	59,427	$	18.04
East Region
Fort Walton Beach et al, FL	2	70	$	15.08	45	$	575	$	12.86	14	$	307	$	22.30
Jacksonville, FL	2	319	$	9.73	250	$	1,869	$	7.47	63	$	1,178	$	18.76
Miami-Fort Lauderdale et al, FL	16	2,011	$	15.10	1,131	$	11,322	$	10.01	729	$	16,768	$	23.02
Orlando, FL	13	1,697	$	15.73	975	$	12,234	$	12.55	423	$	9,751	$	23.06
Palm Bay-Melbourne et al, FL	3	182	$	9.00	102	$	587	$	5.75	61	$	885	$	14.39
Palm Coast, FL	1	83	$	17.53	53	$	739	$	13.90	25	$	632	$	25.26
Port St. Lucie-Fort Pierce, FL	1	50	$	10.99	37	$	315	$	8.51	5	$	152	$	27.97
Punta Gorda, FL	2	25	$	16.99	15	$	215	$	14.34	6	$	137	$	23.94
Sarasota-Bradenton-Venice, FL	1	97	$	10.70	46	$	324	$	7.13	40	$	588	$	14.78
Tampa-St. Petersburg et al, FL	4	924	$	13.44	522	$	5,164	$	9.89	279	$	5,609	$	20.10
Florida	45	5,459	$	14.39	3,177	$	33,345	$	10.50	1,644	$	36,008	$	21.90
Atlanta-Sandy Springs et al, GA	14	1,646	$	13.54	973	$	9,351	$	9.61	489	$	10,449	$	21.39
Gainesville, GA	1	28	$	13.32	21	$	239	$	11.31	5	$	111	$	21.51
Georgia	15	1,674	$	13.54	994	$	9,590	$	9.64	494	$	10,560	$	21.39
Lexington-Fayette, KY	2	304	$	13.80	218	$	1,981	$	9.08	190	$	3,655	$	19.23
Louisville, KY-IN	1	169	$	11.99	73	$	628	$	8.56	64	$	1,018	$	15.92
Kentucky	3	473	$	13.34	292	$	2,609	$	8.95	254	$	4,673	$	18.39
Lewiston-Auburn, ME	1	154	$	5.47	88	$	430	$	4.90	28	$	201	$	7.25
Maine	1	154	$	5.47	88	$	430	$	4.90	28	$	201	$	7.25
Charlotte-Gastonia et al, NC-SC	4	319	$	17.14	154	$	2,099	$	13.67	129	$	2,752	$	21.26
Durham, NC	5	207	$	12.18	102	$	998	$	9.78	77	$	1,185	$	15.36
Raleigh-Cary, NC	13	1,636	$	11.55	989	$	7,537	$	7.62	543	$	10,167	$	18.72
Southern Pines-Pinehurst, NC	1	250	$	8.80	112	$	565	$	5.03	66	$	1,003	$	15.24
Wilmington, NC	1	53	$	12.13	37	$	300	$	8.20	15	$	322	$	21.94
North Carolina	24	2,466	$	12.11	1,394	$	11,500	$	8.25	830	$	15,428	$	18.59
Hilton Head Island-Beaufort, SC	1	22	$	14.81	5	$	47	$	9.00	16	$	266	$	16.74
South Carolina	1	22	$	14.81	5	$	47	$	9.00	16	$	266	$	16.74
Memphis, TN-MS-AR	6	424	$	11.24	264	$	2,285	$	8.67	128	$	2,118	$	16.56
Tennessee	6	424	$	11.24	264	$	2,285	$	8.67	128	$	2,118	$	16.56

Page 24

Weingarten Realty Investors
Average Base Rents by CBSA
As of: 9/30/2009
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
Total East Region	95	10,671	$	13.43	6,213	$	59,806	$	9.63	3,394	$	69,253	$	20.41
Total Retail	305	32,875	$	13.33	18,858	$	177,457	$	9.41	9,881	$	205,538	$	20.80
Industrial
West Region
San Diego-Carlsbad et al, CA	1	145	$	7.16	66	$	469	$	7.08	1	$	11	$	12.60
California	1	145	$	7.16	66	$	469	$	7.08	1	$	11	$	12.60
Total West Region	1	145	$	7.16	66	$	469	$	7.08	1	$	11	$	12.60
Central Region
Austin-Round Rock, TX	6	427	$	9.67	71	$	693	$	9.79	259	$	2,495	$	9.64
Dallas-Fort Worth-Arlington, TX	15	2,327	$	4.83	1,562	$	6,758	$	4.33	381	$	2,632	$	6.91
Houston-Baytown-Sugar Land, TX	31	3,392	$	5.88	2,368	$	12,851	$	5.43	659	$	4,947	$	7.51
San Antonio, TX	3	545	$	5.60	324	$	1,705	$	5.26	177	$	1,104	$	6.23
Texas	55	6,690	$	5.72	4,324	$	22,007	$	5.09	1,476	$	11,178	$	7.57
Total Central Region	55	6,690	$	5.72	4,324	$	22,007	$	5.09	1,476	$	11,178	$	7.57
East Region
Lakeland, FL	2	768	$	4.59	708	$	3,245	$	4.59	0	$	0	$	0.00
Tampa-St. Petersburg et al, FL	3	896	$	4.46	770	$	3,411	$	4.43	17	$	98	$	5.71
Florida	5	1,665	$	4.52	1,477	$	6,656	$	4.51	17	$	98	$	5.71
Atlanta-Sandy Springs et al, GA	9	1,560	$	3.80	1,124	$	4,259	$	3.79	17	$	74	$	4.48
Georgia	9	1,560	$	3.80	1,124	$	4,259	$	3.79	17	$	74	$	4.48
Memphis, TN-MS-AR	3	685	$	2.68	576	$	1,539	$	2.67	2	$	8	$	4.05
Tennessee	3	685	$	2.68	576	$	1,539	$	2.67	2	$	8	$	4.05
Richmond, VA	9	904	$	5.00	731	$	3,610	$	4.94	5	$	62	$	13.50
Virginia	9	904	$	5.00	731	$	3,610	$	4.94	5	$	62	$	13.50
Total East Region	26	4,813	$	4.13	3,908	$	16,064	$	4.11	40	$	243	$	6.02
Total Industrial	82	11,649	$	5.09	8,299	$	38,541	$	4.64	1,517	$	11,432	$	7.54
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 25

Weingarten Realty Investors
Property Listing at September 30, 2009
			Gross Leasable Area
	# of		WRI		Joint Venture		Owned
ALL PROPERTIES BY STATE	Properties		Owned		Share		by Other		Total
Arizona		25		2,477,294		-		1,245,430		3,722,724
Arkansas		3		357,740		-		-		357,740
California		29		3,872,720		889,161		546,242		5,308,124
Colorado		11		1,331,749		1,205,934		1,246,886		3,784,565
Florida		50		7,193,405		2,372,118		1,340,913		10,896,517
Georgia		23		3,283,094		878,340		716,003		4,877,437
Illinois		1		303,566		-		-		303,566
Kansas		2		250,855		-		-		250,855
Kentucky		4		609,265		-		122,454		731,719
Louisiana		12		1,146,408		274,974		781,925		2,203,307
Maine		1		153,776		51,258		-		205,034
Missouri		2		229,337		28,422		-		257,760
Nevada		12		2,374,790		-		1,160,131		3,534,921
New Mexico		6		817,950		-		605,732		1,423,682
North Carolina		25		2,502,557		211,924		742,374		3,456,855
Oklahoma		2		163,127		-		-		163,127
Oregon		3		119,939		90,927		62,600		273,466
South Carolina		1		21,530		64,590		-		86,120
Tennessee		9		1,198,535		671,287		137,740		2,007,562
Texas		161		16,307,960		5,357,143		3,160,087		24,825,187
Utah		3		306,638		60,772		296,357		663,767
Virginia		9		904,159		1,607,058		-		2,511,217
Washington		4		81,875		327,497		65,346		474,718
Grand Total		398		46,008,269		14,091,405		12,230,220		72,319,970
Total Retail		315		34,000,660		8,805,518		12,029,370		54,825,624
Total Industrial		80		11,726,038		5,285,887		200,850		17,212,775
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 26

Weingarten Realty Investors
Property Listing at September 30, 2009
						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	70,255	173,823
Raintree Ranch	Ray Road at Price Road, Chandler	Whole Foods +, Golf Galaxy, Bodhi Wellness Center	100.00	%		136,230	0	0	136,230
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	146,347	239,719
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	168,624	198,458
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	62,800	108,551
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 +, 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	%		70,859	0	0	70,859
Squaw Peak Plaza	16th Street at Glendale Ave., Phoenix	Basha's +, Blockbuster	100.00	%		60,890	0	0	60,890
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	%		157,359	0	0	157,359
Entrada de Oro	Magee Road and Oracle Road, Tucson	Wal-Mart Neighborhood Market +	100.00	%		88,665	0	20,406	109,071
Madera Village	Tanque Verde Rd. and Catalina Hwy, Tucson	Safeway +, Walgreen's, Dollar Tree	100.00	%		96,732	0	10,594	107,326
Oracle Crossings	Oracle Highway and Magee Road, Tucson	Kohl's, Sprouts Farmers Market +	100.00	%		249,711	0	10,000	259,711
Oracle Wetmore	Wetmore Road and Oracle Highway, Tucson	Home Depot, PetSmart, Walgreens, Ultimate Electronics	100.00	%		286,793	0	0	286,793
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:  22					2,222,903	0	1,048,070	3,270,973
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
Jess Ranch Marketplace	Bear Valley Road at Jess Ranch Parkway, Apple Valley	Winco Foods + (O.B.O.), Mervyn's, Petsmart, Rite-Aid, Big 5	50.00	%	(1)(3)	106,633	106,633	93,696	306,962
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	%		308,420	0	0	308,420
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, Dollar Tree	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 Total Fitness	100.00	%		85,066	0	0	85,066
Menifee Town Center	Antelope Rd. at Newport Rd., Menifee	Ralph's +, Ross Dress for Less	100.00	%		124,494	0	124,303	248,797
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

Page 27

Weingarten Realty Investors
Property Listing at September 30, 2009
						Gross Leasable Area
							Joint
Center	Location	Anchors	WRI		Foot	WRI	Venture	Owned by
			Owned %		Notes	Owned	Share	Other	Total
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 +, Lifestyle Furniture	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
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	0	98,240
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 +	100.00	%		198,528	0	0	198,528
Sunset Center	Sunset Ave. at State Hwy. 12, Suisun City	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, Ross Dress for Less	100.00	%		417,820	0	0	417,820
California Total:	# of Properties:  27					3,630,645	211,026	546,242	4,387,913
Colorado
Aurora City Place	E. Alameda at I225, Aurora	PetsMart, Barnes & Noble, Ross Dress For Less, Super Target + (O.B.O.)	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	206,586	290,643
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	Albertsons + (O.B.O.)	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, The Sports Authority, Office Depot, Bally Total Fitness, Petco	51.00	%	(1)(3)	137,346	131,960	90,000	359,305
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, Dollar Tree, 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	14,100	111,142
Colorado Total:	# of Properties:  9					894,883	586,378	777,386	2,258,644
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 +, 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	%		131,719	0	48,214	179,933
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)	42,918	128,752	0	171,670
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	%		377,719	0	197,631	575,350

Page 28

Weingarten Realty Investors
Property Listing at September 30, 2009
						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 +	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	Ashley 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)	43,895	175,578	0	219,473
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 Linens, Bally Total Fitness	100.00	%		236,170	0	0	236,170
Colonial Landing	East Colonial Dr. at Maguire Boulevard, Orlando	Bed Bath & Beyond, PetsMart, Jo Ann Fabrics, Sports Authority, HH Gregg	50.00	%	(1)	131,634	131,634	0	263,267
Colonial Plaza	E. Colonial Dr. at Primrose Dr., Orlando	Staples, Ross Dress for Less, Babies “R” Us, Marshall’s, Old Navy, SteinMart, Barnes & Noble, Petco, Big Lots, Hobby Lobby	100.00	%		496,751	0	0	496,751
International Drive Value Center	International Drive and Touchstone Drive, Orlando	Bed Bath & Beyond, Ross Dress for Less, 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	%		95,208	0	64,627	159,835
Phillips Crossing	Interstate 4 and Sand Lake Road, Orlando	Whole Foods +, Golf Galaxy, Michael's	100.00	%		145,704	0	0	145,704
Phillips Landing	Turkey Lake Rd., Orlando	Wal-Mart (O.B.O.)	100.00	%		66,223	0	219,815	286,038
The Marketplace at Dr. Phillips	Dr. Phillips Boulevard and Sand Lake Road, Orlando	Publix +, 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
Palm Coast Center	State Road 100 & Belle Terre Parkway, Palm Coast	Super Target (O.B.O.) +, PetsMart, T.J. Maxx, Ross Dress for Less, Michaels, Books-A-Million	50.00	%	(1)(3)	83,435	83,435	179,476	346,346
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 +	30.00	%	(1)	43,696	101,956	0	145,652
Flamingo Pines	Pines Blvd. at Flamingo Rd., Pembroke Pines	Publix +, U.S. Post Office, Keiser College	100.00	%		257,370	0	105,350	362,720
Pembroke Commons	University at Pines Blvd., Pembroke Pines	Publix +, Marshall’s, Office Depot, LA Fitness	100.00	%		303,805	0	0	303,805
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)	980	2,941	0	3,921
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	Sports Authority, DSW, Marshalls, Old Navy, Petco, Cost Plus, Super Target + (O.B.O.)	100.00	%		312,261	0	185,000	497,261
Epic Village - St. Augustine	SR 207 at Rolling Hills Dr	Epic Theaters (O.B.O.)	70.00	%	(1)	6,943	2,975	53,625	53,625
Pineapple Commons	Us Highway 1 and Britt Rd., Stuart	Best Buy, Ross Dress for Less, 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:  44					5,459,334	2,315,446	1,236,738	9,001,599
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

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Weingarten Realty Investors
Property Listing at September 30, 2009
						Gross Leasable Area
							Joint
Center	Location	Anchors	WRI		Foot	WRI	Venture	Owned by
			Owned %		Notes	Owned	Share	Other	Total
Cherokee Plaza	Peachtree Road and Colonial Drive, Atlanta	Kroger +	30.00	%	(1)	29,925	69,824	0	99,749
Perimeter Village	Ashford-Dunwoody Rd	Wal-Mart Supercenter +, Cost Plus World Market, DSW, Borders, Hobby Lobby	100.00	%		387,755	0	0	387,755
Publix at Princeton Lakes	Carmia Drive and Camp Creek Drive, Atlanta	Publix +, Wachovia (O.B.O.)	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
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 +	30.00	%	(1)	27,776	64,811	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 +	30.00	%	(1)	21,835	50,949	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	%		199,594	0	174,000	373,594
Georgia Total:	# of Properties:  15					1,673,535	267,929	716,003	2,657,467
Illinois
Burbank Station	S. Cicero Ave. at W. 78th St.	Babies "R" Us, Food For Less +, AJ Wright, Office Max, The Sports Authority, Petsmart	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	%		136,262	0	46,044	182,306
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					609,265	0	122,454	731,719
Louisiana
Town & Country Plaza	U.S. Hwy. 190 West, Hammond	Winn Dixie +, Office Depot, CVS/pharmacy, Anna's Linens	100.00	%		227,352	0	0	227,352
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, Citi Trends	7.80	%	(1)(3)	13,142	147,100	174,700	334,942
Westwood Village	W. Congress at Bertrand, Lafayette	Stage	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	%		175,068	0	0	175,068
K-Mart Plaza	Ryan St., Lake Charles	Albertsons +, Kmart, Stage	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	%		8,243	0	205,375	213,618
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)	5,100	19,900	174,500	199,500

Page 30

Weingarten Realty Investors
Property Listing at September 30, 2009
						Gross Leasable Area
							Joint
Center	Location	Anchors	WRI		Foot	WRI	Venture	Owned by
			Owned %		Notes	Owned	Share	Other	Total
Louisiana Total:	# of Properties:  12					1,146,408	274,974	781,925	2,203,307
Maine
The Promenade	Essex at Summit, Lewiston	Staples, Flagship Cinemas	75.00	%	(1)	153,776	51,258	0	205,034
Maine Total:	# of Properties:  1					153,776	51,258	0	205,034
Missouri
Ballwin Plaza	Manchester Rd. at Vlasis Dr., Ballwin	Schnucks +, Michael’s, Sears	100.00	%		200,915	0	0	200,915
Western Plaza	Hwy 141 at Hwy 30, Fenton	O'Reilly Automotive, Value Village	50.00	%	(1)(3)	28,422	28,422	0	56,845
Missouri Total:	# of Properties:  2					229,337	28,422	0	257,760
Nevada
Eastern Horizon	Eastern Ave. at  Horizon Ridge Pkwy., Henderson	Kmart + (O.B.O.), Trader Joe's	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, DSW	100.00	%		428,629	0	0	428,629
Charleston Commons	Charleston and Nellis, Las Vegas	Wal-Mart +, Ross, Office Max, 99 Cents Only, PetsMart	100.00	%		332,539	0	0	332,539
College Park S.C.	E. Lake Mead Blvd. at Civic Ctr. Dr., North Las Vegas	El Super +, Sav-On Drugs, Anna's Linens, 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-CVS (O.B.O.), Albertsons + (O.B.O.), Toys “R” Us, T.J. Maxx	100.00	%		152,475	0	60,018	212,493
Paradise Marketplace	Flamingo Rd. at Sandhill, Las Vegas	Smith’s Food + (O.B.O.), Dollar Tree	100.00	%		78,218	0	70,495	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	%		246,527	0	394,271	640,798
Tropicana Marketplace	Tropicana at Jones Blvd., Las Vegas	Smith’s Food + (O.B.O.), Family Dollar	100.00	%		71,460	0	73,168	144,628
Westland Fair North	Charleston Blvd. At Decatur Blvd., Las Vegas	Wal-Mart Supercenter + (O.B.O.), Lowe’s (O.B.O.), PetsMart, Office Depot, Michaels, Anna's Linens	100.00	%		211,755	0	386,458	598,213
Nevada Total:	# of Properties:  12					2,374,790	0	1,160,131	3,534,921
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	%		108,059	0	0	108,059
Pavillions at San Mateo	I-40 at San Mateo, Albuquerque	Old Navy, Shoe Department, Skechers, Pima Medical Institute, Ultimate Electronics	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 + (O.B.O.), Dollar Tree	100.00	%		63,865	0	203,982	267,847
De Vargas	N. Guadalupe at Paseo de Peralta, Santa Fe	Albertsons + (O.B.O.), Sunflower Farmer's Market +, Sav-On (CVS), Ross Dress for Less, Office Depot, Hastings, United Artists	100.00	%		248,137	0	67,750	315,887
New Mexico Total:	# of Properties:  6					817,950	0	605,732	1,423,682
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

Page 31

Weingarten Realty Investors
Property Listing at September 30, 2009
						Gross Leasable Area
							Joint
Center	Location	Anchors	WRI		Foot	WRI	Venture	Owned by
			Owned %		Notes	Owned	Share	Other	Total
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
Mineral Springs Village	Mineral Springs Rd. at Wake Forest Rd., Durham	Food Lion +, Rite-Aid	100.00	%		59,859	0	0	59,859
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, 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	%		114,396	0	0	114,396
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	%		87,362	0	0	87,362
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	100.00	%		188,521	0	0	188,521
Heritage Station	Forestville Rd. at Rogers Rd., Wake Forest	Harris Teeter +	30.00	%	(1)	20,633	48,145	0	68,778
North Carolina Total:	# of Properties:  23					2,412,649	181,955	742,374	3,336,978
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	%		127,362	0	0	127,362
Oklahoma Total:	# of Properties:  2					163,127	0	0	163,127
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	%		137,462	0	0	137,462
Tennessee Total:	# of Properties:  5					423,825	215,858	0	639,683
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	%		48,149	0	0	48,149
Wolflin Village	Wolflin Ave. at Georgia St., Amarillo	Office Depot, Sheplers Western Wear, Talbots	100.00	%		159,243	0	0	159,243
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

 

Page 32

Weingarten Realty Investors
Property Listing at September 30, 2009
						Gross Leasable Area
							Joint
Center	Location	Anchors	WRI		Foot	WRI	Venture	Owned by
			Owned %		Notes	Owned	Share	Other	Total
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
Gateway Station	I-35W and McAlister Rd., Burleson	Conn's	70.00	%	(1)	27,272	11,688	0	38,960
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, 99 Cents Only, Petco, Anna's Linens, Spec's	100.00	%		305,671	0	0	305,671
Moore Plaza	S. Padre Island Dr. at Staples, Corpus Christi	Office Depot, Marshall’s, H. E. B. +, (O.B.O.), Target (O.B.O.), Old Navy, Hobby Lobby, Steinmart	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
Horne Street Market	I-30 & Horne Street, Fort Worth	24 Hour Fitness	100.00	%		42,267	0	0	42,267
Overton Park Plaza	SW Loop 820/Interstate 20 at South Hulen St., Ft. Worth	Sports Authority, PetsMart, Office Depot, T.J. Maxx, Albertson's +, 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)	11,322	64,155	0	75,477
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	%		35,434	0	86,000	121,434
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, Nordstrom Rack	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)	115,374	269,207	0	384,581
Cullen Center	Cullen at Reed	Beauty Supply	100.00	%		7,316	0	0	7,316
Cullen Plaza	Cullen at Wilmington	Fiesta +, JPMorgan Chase Bank, Family Dollar	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/pharmacy (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)	11,769	66,691	0	78,460
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	%		37,117	0	0	37,117
Glenbrook Square	Telephone Road	Kroger +, Blockbuster	15.00	%	(1)	11,684	66,206	0	77,890
Griggs Road	Griggs at Cullen	Family Dollar, Citi Trends	15.00	%	(1)	12,017	68,099	0	80,116
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	%		176,446	0	99,000	275,446
I-45/Telephone Rd. Center	I-45 at Maxwell Street	Sellers Bros. +, Dollar Tree, FAMSA, Fallas Paredes	15.00	%	(1)	25,768	146,021	0	171,789
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	Las Americas Grill	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 Auto Parts	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	15.00	%	(1)	60,779	344,414	0	405,193
North Triangle	I-45 at F.M. 1960	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	%		173,288	0	0	173,288
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 +, Ross Dress for Less, Dollar Tree	100.00	%		147,705	0	0	147,705
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	ATI Career Training Center	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	Playa Azul Seafood & Oyster Bar	100.00	%		107,200	0	0	107,200

Page 33

Weingarten Realty Investors
Property Listing at September 30, 2009
						Gross Leasable Area
							Joint
Center	Location	Anchors	WRI		Foot	WRI	Venture	Owned by
			Owned %		Notes	Owned	Share	Other	Total
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	Barnes & Noble, Talbots, JoS. A. Bank, Ann Taylor, Gap	100.00	%		276,220	0	0	276,220
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
Southgate	W. Fuqua at Hiram Clark	Food-A-Rama +, Palais Royal, CVS/pharmacy, Family Dollar	15.00	%	(1)	18,668	105,786	0	124,454
Spring Plaza	Hammerly at Campbell	Sellers Bros. +, Family Dollar	15.00	%	(1)	8,875	50,291	0	59,166
Stella Link	Stella Link at S. Braeswood	Sellers 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	99 Ranch Market+	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	Talbots	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, Staples, Target (O.B.O.), Petco	100.00	%		231,767	0	99,550	331,317
Westhill Village	Westheimer at Hillcroft	Ross Dress for Less, Office Depot, 99 Cents Only, Anna’s Linens	100.00	%		130,512	0	0	130,512
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 +	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, 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	212,132	500,067
Market at Nolana	Nolana Ave and 29th St., McAllen	Wal-Mart (O.B.O.)	50.00	%	(1)(3)	20,704	20,704	203,818	245,226
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	%		159,219	0	0	159,219
Market at Sharyland Place	U.S. Expressway 83 and Shary Road, Mission	Wal-Mart (O.B.O.),  Kohl's, Dollar Tree	50.00	%	(1)(3)	52,956	52,956	320,000	425,912
Sharyland Towne Crossing	Shary Rd. at Hwy. 83, Mission	Target (O.B.O.), H. E. B. +, T.J. Maxx, Petco, Office Depot,  Ross Dress for Less	50.00	%	(1)(3)	172,234	172,234	131,909	476,376
Custer Park	SWC Custer Road at Parker Road, Plano	Kroger + (O.B.O)	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, Stage	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, 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	%		40,513	0	81,176	121,689
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.), 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	%		91,184	0	0	91,184

Page 34

Weingarten Realty Investors
Property Listing at September 30, 2009
						Gross Leasable Area
							Joint
Center	Location	Anchors	WRI		Foot	WRI	Venture	Owned by
			Owned %		Notes	Owned	Share	Other	Total
Market at Town Center	Town Center Blvd., Sugar Land	Old Navy, Home Goods, Marshall’s, DSW Shoe Warehouse, Ross Dress for Less	100.00	%		375,547	0	0	375,547
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
Texas Total:	# of Properties:  102					9,281,415	3,325,567	2,757,237	15,364,216
Utah
Alpine Valley Center	Main St. at State St., American Fork	Super Target + (O.B.O.), Old Navy, Justice, 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)	26,802	107,208	0	134,010
Rainer Square Plaza	Rainer Avenue South and South Charleston Street, Seattle	Safeway +, Ross Dress for Less	20.00	%	(1)(3)	21,485	85,938	0	107,423
Washington Total:	# of Properties:  4					81,875	327,497	65,346	474,718
Industrial
Operating Properties
California
Siempre Viva Business Park	Siempre Viva Rd. at Kerns St., San Diego	Hitachi Transport, UPS Supply Chain Solutions, Inc., Besttech Trading USA	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, Publix, Star Distribution, Chep USA	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.,	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., GSC Packaging	100.00	%		382,100	0	0	382,100
Atlanta Industrial Parkway	Atlanta Industrial Pkwy. at Atlanta Industrial Dr., Atlanta	Sanderson Industries, 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	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

Page 35

Weingarten Realty Investors
Property Listing at September 30, 2009
						Gross Leasable Area
							Joint
Center	Location	Anchors	WRI		Foot	WRI	Venture	Owned by
			Owned %		Notes	Owned	Share	Other	Total
Southside Industrial Parkway	Southside Industrial Pkwy at Jonesboro Rd., Atlanta	Lowe Supply, Inc., Mission Produce	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	Trane, 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, Prime Choice Properties	20.00	%	(1)(3)	72,092	288,368	0	360,460
Georgia Total:	# of Properties:  8					1,609,559	610,411	0	2,219,970
Tennessee
Crowfarn Drive Warehouse	Crowfarn Dr. at Getwell Rd., Memphis	CMI Freight Transportation, Sergeant's Pet Care Products	20.00	%	(1)(3)	31,770	127,079	0	158,849
Outland Business Center	Outland Center Dr., Memphis	Vistar Corporation, TricorBraun, Kuehne & Nagel	20.00	%	(1)(3)	82,088	328,350	0	410,438
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					684,798	455,429	0	1,140,227
Texas
Midpoint I-20 Distribution Center	New York Avenue and Arbrook Boulevard, Arlington	Airborne Express, Tred-It Tire & Wheel, Amercian Medical Response	100.00	%		253,165	0	0	253,165
Randol Mill Place	Randol Mill Road, Arlington	Protech Electronics, Inc., Premier Products	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, CenTex Independent Electrical, Schindler Elevator	100.00	%		119,452	0	0	119,452
Oak Hills Industrial Park	Industrial Oaks Blvd., Austin	Terracon, Inc., Illumitex	100.00	%		89,858	0	0	89,858
Rutland 10 Business Center	Metric Blvd. At Centimeter Circle, Austin	Media Event Concepts, Inc., Stellar Micro Devices	100.00	%		54,000	0	0	54,000
Southpark A,B,C	East St. Elmo Rd. at Woodward St., Austin	HJV Associates, Inc., Texas EZ Pawn., 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	Dave & Busters, B&B Graphics Finishing Services	100.00	%		223,128	0	0	223,128
Newkirk Service Center	Newkirk near N.W. Hwy., Dallas	AWC, Corporate Meeting Services	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
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.	Iron Mountain	20.00	%	(1)(3)	48,728	194,914	0	243,642
610 and 11th St. Warehouse	Loop 610 at 11th St.	Prefco Corp.	100.00	%		104,975	0	0	104,975
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.	Select Floors, Premier Home Technology	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	YMCA of Greater Houston, Surgeon's Management, Houston Digital Instruments	100.00	%		133,553	0	0	133,553
Central Park Northwest VI	Central Pkwy. at Dacoma	Houston Metallurgical Lab, Inc., Gulf Draperies	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, Zermat USA	100.00	%		100,605	0	0	100,605
Kempwood Industrial	Kempwood Dr. at Blankenship Dr.	Pioneer Contract Services, Veritas	20.00	%	(1)(3)	43,898	175,591	0	219,489
Kempwood Industrial	Kempwood Dr. at Blankenship Dr.	Pioneer Contract Services	100.00	%		113,218	0	0	113,218
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	Synergy Cables USA	20.00	%	(1)(3)	47,664	190,657	0	238,321

Page 36

Weingarten Realty Investors
Property Listing at September 30, 2009
						Gross Leasable Area
							Joint
Center	Location	Anchors	WRI		Foot	WRI	Venture	Owned by
			Owned %		Notes	Owned	Share	Other	Total
Northway Park II	Loop 610 East at Homestead	Jet Lube, Inc., South Texas Bolt & Fitting	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 G	Mesa at U.S. 90	Global Stainless Supply, Inc.	50.00	%	(1)(3)	105,425	105,425	0	210,850
Railwood Industrial Park	Mesa at U.S. 90	Distribution International SW, Meridian IQ Services	100.00	%		402,680	0	0	402,680
Railwood Industrial Park	Mesa at U.S. 90	DSC Logistics, Resource Logistics International	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.	100.00	%		160,653	0	0	160,653
Southwest Park II Service Center	Rockley Road	BA Research International	100.00	%		67,700	0	0	67,700
Stonecrest Business Center	Wilcrest at Fallstone	Alpha Omega Caseworks, Aztec Facility Services, Inc., Sun Line Food & Supply Co.	100.00	%		110,624	0	0	110,624
Town & Country Commerce Center	I-10 at Beltway 8	Arizona Tile, Seitel	100.00	%		206,056	0	0	206,056
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, CAS Holdings, 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, Excel Floors	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	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	Yokagawa, Life-Tech, Gurwitch Industries, PSI Group	100.00	%		251,385	0	0	251,385
Texas Total:	# of Properties:  53					6,616,238	2,031,576	0	8,647,814
Virginia
Enterchange at Northlake A	11900-11998 North Lakeridge Parkway, Ashland	FedEx, Owens & Minor	100.00	%		215,077	0	0	215,077
Enterchange at Northlake C	North Lakeridge Parkway & Northlake Park Dr, Ashland	International Paper, Owens & Minor, Techturn, Wholesale Millwork	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	20.00	%	(1)(3)	121,336	485,343	0	606,679
Enterchange at Walthall C	1936-1962 Ruffin Mill Rd, Colonial Heights	PSS World Medical, Hill Phoenix, Sunrise Construction	20.00	%	(1)(3)	52,384	209,538	0	261,922
Enterchange at Walthall D	1700-1798 Ruffin Mill Rd, Colonial Heights	Saddle Creek, Recall Total Info Manager, Jim's Formal Wear	100.00	%		287,318	0	0	287,318
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, Commonwealth of Virginia Department of Taxation	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 Enterprise, Inc.	20.00	%	(1)(3)	10,977	43,908	0	54,885
Virginia Total:	# of Properties:  9					904,159	1,607,058	0	2,511,217
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

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Weingarten Realty Investors
Property Listing at September 30, 2009
						Gross Leasable Area
							Joint
Center	Location	Anchors	WRI		Foot	WRI	Venture	Owned by
			Owned %		Notes	Owned	Share	Other	Total
Total Operating Properties	# of Properties:  385					44,842,469	13,288,486	10,918,595	69,039,626
New Development
Arizona
Mohave Crossroads	Bullhead Parkway at State Route 95, Bullhead City		100.00	%	(2)	150,289	0	197,360	347,649
The Shoppes at Parkwood Ranch	Southern Avenue and Signal Butte Road, Mesa		100.00	%	(2)	82,980	0	0	82,980
Arizona Total:	# of Properties: 2					233,269	0	197,360	430,629
California
Jess Ranch Phase III	Bear Valley Road at Jess Ranch Parkway, Apple Valley		50.00	%	(1)(2)(3)	96,722	96,722	0	193,445
California Total:	# of Properties: 1					96,722	96,722	0	193,445
Colorado
River Point at Sheridan	Highway 85 and Highway 285, Sheridan		50.00	%	(1)(2)(3)	80,878	80,878	327,000	488,755
The Gardens on Havana	Mississippi at Havana, Aurora		39.80	%	(1)(2)(3)	355,988	538,678	142,500	1,037,166
Colorado Total:	# of Properties: 2					436,866	619,556	469,500	1,525,921
Florida
Clermont Landing	U.S. 27 & Steve's Road		55.00	%	(1)(2)(3)	69,265	56,672	104,175	230,112
Florida Total:	# of Properties: 1					69,265	56,672	104,175	230,112
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	U.S. Hwy 17 & U.S. Hwy 74/76, Leland		75.00	%	(1)(2)	53,341	17,780	0	71,121
North Carolina Total:	# of Properties: 2					89,908	29,969	0	119,877
Tennessee
Ridgeway Trace	Poplar Avenue and Ridgeway Road, Memphis		100.00	%	(2)	89,912	0	137,740	227,652
Tennessee Total:	# of Properties: 1					89,912	0	137,740	227,652
Texas
Claywood Industrial Park	Clay at Hollister		100.00	%	(2)	101,125	0	200,850	301,975
North Towne Plaza	U.S. 77 and 83 at SHFM 802, Brownsville		75.00	%	(1)(2)	0	0	117,000	117,000
Tomball Marketplace	FM 2920 and Future 249, Tomball		100.00	%	(2)	43,083	0	85,000	128,083
Westwood Center	Culebra Road and Westwood Loop, San Antonio		100.00	%	(2)	5,650	0	0	5,650
Texas Total:	# of Properties: 4					149,858	0	402,850	552,708
Total New Developments	# of Properties:  13					1,165,800	802,919	1,311,625	3,280,344
Unimproved Land
Arizona
Bullhead Parkway at State Route 95, Bullhead City									312,761
Lon Adams Rd at Tangerine Farms Rd, Marana									422,532
Southern Avenue and Signal Butte Road, Mesa									63,336
Arizona Total:									798,629
California
Bear Valley Road at Jess Ranch Parkway Phase II, Apple Valley									138,956
Bear Valley Road at Jess Ranch Parkway Phase III, Apple Valley									447,361
California Total:									586,317
Colorado

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Weingarten Realty Investors
Property Listing at September 30, 2009
					Gross Leasable Area
						Joint
Center	Location	Anchors	WRI	Foot	WRI	Venture	Owned by
			Owned %	Notes	Owned	Share	Other	Total
Mississippi at Havana, Aurora								669,953
Highway 85 and Highway 285, Sheridan								1,003,187
Colorado Total:								1,673,140
Florida
Young Pines and Curry Ford Rd, Orange County								132,422
State Road 100 & Belle Terre Parkway, Palm Coast								292,288
SR 207 at Rolling Hills Dr, St. Augustine								228,254
Florida Total:								652,964
Georgia
NWC South Fulton Parkway @ Hwy 92, Union City								3,554,496
Georgia Total:								3,554,496
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
U.S. Hwy 17 & U.S. Hwy 74/76, Leland								549,727
Creedmoor (Highway 50) and Crabtree Valley Avenue, Raleigh								510,959
U.S. 15-501 and Bruce Wood Rd, Southern Pines								1,047,000
Highway 17 and Highway 210, Surf City								2,024,233
U.S. Highway 1 at Caveness Farms Rd., Wake Forest								3,479,317
North Carolina Total:								7,611,236
Tennessee
Poplar Avenue and Ridgeway Road, Memphis								173,804
Tennessee Total:								173,804
Texas
U.S. 77 and 83 at SHFM 802, Brownsville								954,835
Rock Prairie Rd. at Hwy. 6, College Station								2,867,990
River Pointe Drive at Interstate 45, Conroe								118,483
Leslie Rd. at Bandera Rd., Helotes								74,052
Bissonnet at Wilcrest, Houston								84,629
Citadel Plaza at 610 North Loop, Houston								137,000
East Orem								122,000
Kirkwood at Dashwood Drive, Houston								322,000
Mesa Road at Tidwell, Houston								35,898
Northwest Freeway at Gessner, Houston								117,612
West Little York at Interstate 45, Houston								161,000
West Loop North at Interstate 10, Houston								145,000
Nolana Ave and 29th St., McAllen								163,350
Shary Rd. at North Hwy. 83, Mission								1,607,364
9th Ave. at 25th St., Port Arthur								243,000
Culebra Road and Westwood Loop, San Antonio								403,366
FM 1957 (Potranco Road) and FM 211, San Antonio								8,655,372
SH 151 and Ingram Rd, San Antonio								369,389
US Hwy 281 at Wilderness Oaks								1,269,774
Highway 3 at Highway 1765, Texas City								201,000

Page 39

Weingarten Realty Investors
Property Listing at September 30, 2009
					Gross Leasable Area
						Joint
Center	Location	Anchors	WRI	Foot	WRI	Venture	Owned by
			Owned %	Notes	Owned	Share	Other	Total
FM 2920 and Highway 249, Tomball								1,467,754
Texas Total:								19,520,868
Utah
South 300 West & West Paxton Avenue, Salt Lake City								324,958
Utah Total:								324,958
Total Unimproved Land								36,041,926

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