8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): July 28, 2015

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):

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

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

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

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

Item 2.02.    Results of Operations and Financial Condition.

On July 28, 2015, we issued a press release describing our results of operations for the quarter ended June 30, 2015, as well as providing supplemental financial information pertaining to our operations. The press release and supplemental financial information are attached as Exhibit 99.1 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 Supplemental Financial Information at June 30, 2015 (including press release dated July 28, 2015).

2

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: July 29, 2015

WEINGARTEN REALTY INVESTORS
By:	/s/ Joe D. Shafer
	Joe D. Shafer
	Senior Vice President/ Chief Accounting Officer

3

INDEX TO EXHIBITS

99.1 Supplemental Financial Information at June 30, 2015 (including press release dated July 28, 2015).

4

EX-99.1

Exhibit 99.1

Table of Contents		Page
Quarterly Earnings Press Release		i - v
Company Information		1
Financial Summary
	Condensed Consolidated Statements of Income	3
	Condensed Consolidated Balance Sheets	4
	Funds From Operations Attributable to Common Shareholders	5
	Supplemental Income Statement Detail	6
	Supplemental Balance Sheet Detail	7
	Capitalization and Debt Coverage Ratios	8
	Guidance	9
Investment Activity
	Capital Expenditures/Redevelopment	11
	New Development Properties	12
	Land Held for Development	13
	Disposition and Acquisition Summary	14
Summary of Debt
	Debt Information	16
	Schedule of Maturities	17
Joint Ventures
	Unconsolidated Joint Venture Financial Statements at 100%	19
	Unconsolidated Joint Venture Financial Statements at Pro rata Share	20
	Investments in Unconsolidated Real Estate Joint Ventures & Partnerships	21
	Unconsolidated Joint Venture Mortgage Debt Information	22
Portfolio Summary
	Tenant Diversification by Percent of Base Minimum Rent	24
	Portfolio Operating Information	25 - 26
	Total Net Operating Income by Geographic Region	27
Property Listing
	Summary Property Listing	29
	Property Listing	30 - 39
Corporate Profile
Weingarten Realty Investors is a real estate investment trust organized under the Texas Business Organizations Code that, through its predecessor entity, began the ownership and development of shopping centers and other commercial real estate in 1948. As of June 30, 2015, we owned or operated under long-term leases, interests in 232 properties which are located in 20 states that span the United States from coast to coast. These properties represent approximately 45.3 million square feet of which our interests in these properties aggregated approximately 28.0 million square feet of leasable area. Our properties were 95.5% leased as of June 30, 2015, and historically our portfolio occupancy rate has never been below 90%.
	www.weingarten.com

2600 Citadel Plaza Drive

P.O. Box 924133

Houston, Texas 77292-4133

NEWS RELEASE

Information: Michelle Wiggs, Phone: (713) 866-6050

WEINGARTEN REALTY PRODUCES SAME

PROPERTY NOI INCREASE OF 4.1% AND NEW LEASE RENT INCREASES OF 16.8%

HOUSTON, July 28, 2015 (BUSINESS WIRE) -- Weingarten Realty (NYSE: WRI) announced today the results of its operations for the quarter ended June 30, 2015. The supplemental financial package with additional information can be found on the Company's website under the Investor Relations tab.

Second Quarter Operating and Financial Highlights

▪ Recurring Funds from Operations Attributable to Common Shareholders ("FFO") for the quarter increased to $0.54 per diluted share from $0.51 per diluted share a year ago;

▪ Same Property Net Operating Income increased 4.1% over the same quarter of the prior year;

▪ Occupancy increased 0.7% over the same quarter of the prior year to 95.5%;

▪ Rental rates on new leases and renewals were up 16.8% and 10.9%, respectively;

▪ Senior unsecured bonds totaling $250 million were issued at an all-in cost of 3.77%; and

▪ Acquisitions totaling $81 million were completed during the quarter.

Financial Results

The Company reported net income attributable to common shareholders of $25.2 million or $0.20 per diluted share (hereinafter “per share”) for the second quarter of 2015, as compared to $32.7 million or $0.27 per share for the same period in 2014. The decrease is due primarily to the write-off of unamortized preferred redemption costs totaling $0.08 per share in the current quarter.

Reported FFO was $58.4 million or $0.46 per share for the second quarter of 2015 compared to $65.5 million or $0.53 per share for 2014. The 2015 amount is lower as it includes the non-cash write-off of preferred redemption costs of $0.08 per share. Year-to-date, Reported FFO was $118.7 million or $0.95 per share for 2015 compared to $128.6 million or $1.04 per share for 2014.

i

Recurring FFO for the quarter ended June 30, 2015 was $0.54 per share or $68.3 million, an increase of 5.9% on a per share basis over $0.51 per share or $63.9 million for the same quarter of last year. The increase in Recurring FFO over the prior year was primarily due to increases in net operating income from our existing portfolio resulting from increases in occupancy and rental rates, incremental income from our new developments and redevelopments, reduced interest expense from favorable debt refinancings and reduced preferred share dividends due to redemptions. These increases were partially offset by the impact of the Company’s disposition program, which reduced Recurring FFO by $0.07 per share year-over-year. For the six months, Recurring FFO was $133.7 million or $1.07 per share for 2015 compared to $125.1 million or $1.01 per share for 2014.

A reconciliation between net income attributable to common shareholders to Reported FFO and Recurring FFO attributable to common shareholders is listed on page 5 of the Company’s supplemental package.

Operating Results

Same Property Net Operating Income ("SPNOI") increased by a strong 4.1% for the quarter primarily due to increased occupancy, increased rental rates and a reduction in merchant fallouts. Year-to-date, SPNOI has also increased 4.1%.

Occupancy increased to 95.5% in the second quarter, up 0.7% from 94.8% in the same quarter of 2014 and unchanged from the prior quarter. Occupancy of small shop space increased to 90.3%, up 1.7% from the same quarter of 2014. The occupancy of the Company’s Same Property portfolio increased to 96.4% from 95.9% in 2014. Year-to-date, only 152 merchants ceased operations at the Company’s properties, the lowest such total since 2003.

The Company produced steady leasing results during the second quarter with 261 new leases and renewals. These transactions were comprised of 102 new leases and 159 renewals, which represent annualized revenues of $5.0 million and $9.5 million, respectively. The average rental rate increase on new leases and renewals signed during the quarter was 16.8% and 10.9%, respectively.

“Our operating metrics for the quarter were outstanding, continuing what has been an impressive string of quarterly results demonstrating the impact of the portfolio transformation we began five years ago. Over the last fourteen quarters, we have averaged Same Property NOI increases of over 4%, increasing our occupancy by 3.4% over the same period. Since January 2012, we increased our Average Base Rent by 14.6%, from $14.51 per square foot to $16.63 at the end of the current quarter. This clearly validates the improvements we have made to our portfolio through our transformation efforts,” said Johnny Hendrix, Executive Vice President and Chief Operating Officer.

ii

Portfolio Activity

The Company acquired two supermarket-anchored properties during the quarter, investing $81.1 million. First, Wellington Green Commons in Florida is a great core center anchored by a high-volume Whole Foodsand has household incomes in its trade area of around $100,000 per year and around 50% of the population is college graduates.

Second, at the end of the second quarter, the Company purchased The Summit at Scottsdale in the greater Phoenix metro. The 190,000 square foot property is anchored by Target, Safeway supermarket, PetSmart, and CVS Pharmacy. The 3-mile trade area is very strong with household incomes of $132,000 and over 65% of the population is college graduates. The Company co-invested with its Dutch partner, Bouwinvest, on this asset. Year-to-date, the Company has purchased four shopping centers, investing $173.2 million.

The Company continues to make significant progress on its new development and redevelopment projects. At Hilltop Village Center, its 249,000 square foot development in Alexandria, Virginia, Wegmans had a tremendous grand opening in June. With minimal investment remaining, the center is 97% leased and is expected to yield around 8% at completion on an estimated final investment of about $65 million. The Company’s four developments progressed nicely during the quarter with occupancy increasing 4.5% in the quarter. The Company also reported ten redevelopment projects underway where it will invest about $62 million at a return of over 10%. To date, the Company has invested nearly $27 million in these redevelopment projects.

During the second quarter, dispositions totaling $28.2 million were completed, bringing the year-to-date total to $63.8 million. The Company believes it will end the year in its guidance range of $125 to $175 million.

“I am extremely pleased with the results of our portfolio activity this quarter, as we have been successful in all aspects of this important facet of our Company. We have made quality acquisitions, made great progress on our new developments and redevelopments and have disposed of some properties on the lower end of our portfolio. Continually improving the quality of our portfolio is an important goal of the Company, and we have been very successful this quarter,” said Drew Alexander, President and Chief Executive Officer.

iii

Balance Sheet

The Company continues to improve its balance sheet. The remaining $150 million of its outstanding preferred shares were called for redemption during the quarter. Immediately following this redemption, the Company issued $250 million of 3.85% ten-year unsecured notes. The yield to maturity on the notes was 3.94%; however, the Company locked interest rates back in April upon giving notice to redeem the preferred shareholders, so including the benefit from the settlement of this hedge, the all-in cost on this financing was an attractive 3.77%. With minimal maturities in 2025, these bonds fit nicely into the Company’s laddered maturity schedule and allowed the Company to completely pay off its revolving credit facility. As previously announced, the Company raised gross proceeds of $11.5 million for the quarter and $40.8 million year-to-date under its at-the-market (“ATM”) facility to partially fund the redemption of the preferred shares. No equity has been issued since the previous earning release. The Company’s credit metrics remain very strong with net debt to recurring EBITDA at 5.90 times and debt to total market capitalization of 33.7%.

“The Company’s balance sheet remains very strong with reduced leverage driving our strong credit metrics. Our recently completed five-year-term loan, the latest $250 million bond offering along with other financings, have reduced our weighted average interest rate on total debt to a very attractive 4.11%,” said Steve Richter, Executive Vice President and Chief Financial Officer.

2015 Guidance

Given the strength of the first half of the year and the outlook for the balance of 2015, the Company has increased its guidance for Recurring FFO to a range of $2.14 to $2.18 per share from $2.12 to $2.17 and for Reported FFO to a range of $2.02 to $2.06 per share from $2.00 to $2.05. Guidance for SPNOI for the full year has also been increased to a range of 3% to 4% from 2.5% to 3.5%. All other details of guidance remain unchanged and are included on page 9 of the Company’s supplemental package.

Dividends

The Board of Trust Managers declared a quarterly cash dividend of $0.345 per common share payable on September 15, 2015 to shareholders of record on September 8, 2015.

Conference Call Information

The Company also announced that it will host a live webcast of its quarterly conference call on July 29, 2015 at 10:00 a.m. Central Time. The live webcast can be accessed via the Company’s website 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 (888) 771-4371 (conference ID # 37563663). A replay will be available through the Company’s website starting approximately two hours following the live call.

iv

About Weingarten Realty Investors

Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. At June 30, 2015, the Company owned or operated under long-term leases, either directly or through its interest in real estate joint ventures or partnerships, a total of 232 properties which are located in 20 states spanning the country from coast to coast. These properties represent approximately 45.3 million square feet of which our interests in these properties aggregated approximately 28.0 million square feet of leasable area. To learn more about the Company’s operations and growth strategies, please visit www.weingarten.com.

Forward-Looking Statements

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

v

Weingarten Realty Investors

Company Information

Corporate Office
2600 Citadel Plaza Drive
P. O. Box 924133
Houston, TX 77292-4133
713-866-6000
www.weingarten.com
Stock Listings
New York Stock Exchange:
Common Shares	WRI

Forward-Looking Statements

This supplement, together with other statements and information publicly disseminated by us, contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and include this statement for purposes of complying with these safe harbor provisions. These forward-looking statements relate to the company’s intentions, beliefs, expectations or projections of the future. It is important to note that the company’s actual results could differ materially from those projected in such forward-looking statements. Factors which may cause actual results to differ materially from current expectations include, but are not limited to: (i) disruptions in financial markets, (ii) general economic and local real estate conditions, (iii) the inability of major tenants to continue paying their rent obligations due to bankruptcy, insolvency or general downturn in their business, (iv) financing risks, such as the inability to obtain equity, debt, or other sources of financing on favorable terms, (v) changes in governmental laws and regulations, (vi) the level and volatility of interest rates, (vii) the availability of suitable acquisition opportunities, (viii) the ability to dispose properties, (ix) changes in expected development activity, (x) increases in operating costs, (xi) tax matters, including failure to qualify as a real estate investment trust, and (xii) investments through real estate joint ventures and partnerships, which involve risks not present in investments in which we are the sole investor. Accordingly, there is no assurance that our expectations will be realized.

Non-GAAP Disclosures

The National Association of Real Estate Investment Trusts (“NAREIT”) defines funds from operations attributable to common shareholders (“FFO”) as net income (loss) attributable to common shareholders computed in accordance with generally accepted accounting principles (“GAAP”), excluding extraordinary items and gains or losses from sales of operating real estate assets and interests in real estate equity investments, plus depreciation and amortization of operating properties and impairment of depreciable real estate and in substance real estate equity investments, 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 1

Financial Summary

Weingarten Realty Investors

Condensed Consolidated Statements of Income

(in thousands, except per share amounts)

	Three Months Ended   June 30,						Six Months Ended   June 30,						Twelve Months Ended December 31,
	2015			2014			2015			2014			2014			2013			2012			2011
Revenues:
Rentals, net	$	124,310		$	127,791		$	246,968		$	252,424		$	503,128		$	477,340		$	439,993		$	414,656
Other	2,494			2,400			5,435			5,359			11,278			11,855			11,184			13,638
Total	126,804			130,191			252,403			257,783			514,406			489,195			451,177			428,294
Expenses:
Depreciation and amortization	36,451			36,630			72,602			77,254			150,356			146,763			127,703			118,890
Operating	22,200			23,920			44,785			48,535			95,318			97,099			88,924			81,178
Real estate taxes, net	15,498			16,358			30,125			31,007			60,768			57,515			52,066			49,780
Impairment loss	153			—			153			—			1,024			2,579			9,585			49,671
General and administrative	6,461			5,820			13,833			11,733			24,902			25,371			28,538			25,461
Total	80,763			82,728			161,498			168,529			332,368			329,327			306,816			324,980
Operating Income	46,041			47,463			90,905			89,254			182,038			159,868			144,361			103,314
Interest Expense, net	(20,292		)	(24,310		)	(46,750		)	(48,890		)	(94,725		)	(96,312		)	(106,248		)	(130,298		)
Interest and Other Income, net	418			803			3,140			2,797			3,756			7,685			6,047			5,059
Gain on Sale and Acquisition of Real Estate Joint Venture  and Partnership Interests	18			1,718			879			1,718			1,718			33,670			14,203			—
Equity in Earnings (Losses) of Real Estate Joint Ventures  and Partnerships, net (a)	3,212			4,048			8,584			8,450			22,317			35,112			(1,558		)	7,834
Benefit (Provision) for Income Taxes	226			2,081			(435		)	1,601			1,261			(7,046		)	75			3
Income (Loss) from Continuing Operations	29,623			31,803			56,323			54,930			116,365			132,977			56,880			(14,088		)
Operating Income from Discontinued Operations	—			63			—			342			342			12,214			25,918			18,875
Gain on Sale of Property from Discontinued Operations	—			3,370			—			44,582			44,582			119,203			68,619			10,648
Income from Discontinued Operations	—			3,433			—			44,924			44,924			131,417			94,537			29,523
Gain on Sale of Property	8,163			1,748			30,685			1,911			146,290			762			1,004			1,304
Net Income	37,786			36,984			87,008			101,765			307,579			265,156			152,421			16,739
Less: Net Income Attributable to Noncontrolling Interests	(1,757		)	(1,588		)	(3,332		)	(3,066		)	(19,571		)	(44,894		)	(5,781		)	(1,118		)
Net Income Adjusted for Noncontrolling Interests	36,029			35,396			83,676			98,699			288,008			220,262			146,640			15,621
Dividends on Preferred Shares	(1,120		)	(2,710		)	(3,830		)	(5,420		)	(10,840		)	(18,173		)	(34,930		)	(35,476		)
Redemption Costs of Preferred Shares	(9,687		)	—			(9,687		)	—			—			(17,944		)	(2,500		)	—
Net Income (Loss) Attributable to Common Shareholders	$	25,222		$	32,686		$	70,159		$	93,279		$	277,168		$	184,145		$	109,210		$	(19,855	)
Earnings Per Common Share - Basic	$	0.20		$	0.27		$	0.57		$	0.77		$	2.28		$	1.52		$	0.90		$	(0.17	)
Earnings Per Common Share - Diluted	$	0.20		$	0.27		$	0.57		$	0.76		$	2.25		$	1.50		$	0.90		$	(0.17	)

(a) See Page 20 for the Company’s pro rata share of the operating results of its unconsolidated real estate joint ventures and partnerships.

Page 3

Weingarten Realty Investors

Condensed Consolidated Balance Sheets

(in thousands, except per share amounts)

	June 30, 2015			December 31, 2014
ASSETS
Property	$	4,213,668		$	4,076,094
Accumulated Depreciation	(1,067,638		)	(1,028,619		)
Property Held for Sale, net	7,936			3,670
Property, net	3,153,966			3,051,145
Investment in Real Estate Joint Ventures and Partnerships, net (a)	269,804			257,156
Total	3,423,770			3,308,301
Unamortized Debt and Lease Costs, net	146,368			141,122
Accrued Rent and Accounts Receivable (net of allowance for doubtful       accounts of $6,192 in 2015 and $7,680 in 2014)	72,317			77,781
Cash and Cash Equivalents	13,299			23,189
Restricted Deposits and Mortgage Escrows	11,478			79,998
Other, net	183,546			183,703
Total Assets	$	3,850,778		$	3,814,094
LIABILITIES AND EQUITY
Debt, net	$	2,087,957		$	1,938,188
Accounts Payable and Accrued Expenses	97,045			112,479
Other, net	128,873			124,484
Total Liabilities	2,313,875			2,175,151
Commitments and Contingencies	—			—
Equity:
Shareholders' Equity:
Preferred Shares of Beneficial Interest - par value, $.03 per share;  shares authorized: 10,000
6.5% Series F cumulative redeemable preferred shares of beneficial interest; 140 shares issued; no shares outstanding in 2015 and 60 shares outstanding in 2014; liquidation preference $150,000 in 2014	—			2
Common Shares of Beneficial Interest - par value, $.03 per share;  shares authorized: 275,000; shares issued and outstanding:  123,934 in 2015 and 122,489 in 2014	3,744			3,700
Additional Paid-In Capital	1,614,490			1,706,880
Net Income Less Than Accumulated Dividends	(228,034		)	(212,960		)
Accumulated Other Comprehensive Loss	(5,543		)	(12,436		)
Total Shareholders' Equity	1,384,657			1,485,186
Noncontrolling Interests	152,246			153,757
Total Equity	1,536,903			1,638,943
Total Liabilities and Equity	$	3,850,778		$	3,814,094

(a) This represents the Company’s investment of its unconsolidated real estate joint ventures and partnerships. See page 20 for additional information.

Page 4

Weingarten Realty Investors

Funds From Operations Attributable to Common Shareholders

(in thousands, except per share amounts)

	Three Months Ended   June 30,						Six Months Ended   June 30,
	2015			2014			2015			2014
Funds From Operations Attributable to Common Shareholders (FFO)
Numerator:
Net income attributable to common shareholders	$	25,222		$	32,686		$	70,159		$	93,279
Depreciation and amortization	35,767			35,420			71,030			75,140
Depreciation and amortization of unconsolidated real estate  joint ventures and partnerships	3,468			3,923			6,978			7,623
Impairment of operating properties and real estate equity investments	153			—			153			—
Impairment of operating properties of unconsolidated real estate  joint ventures and partnerships	1,497			—			1,497			—
(Gain) on sale of property and interests in real estate equity investments	(8,137		)	(6,804		)	(31,470		)	(48,175		)
(Gain) on dispositions of unconsolidated real estate  joint ventures and partnerships	(53		)	(159		)	(615		)	(168		)
Other	(4		)	(4		)	(4		)	(4		)
FFO - Basic	57,913			65,062			117,728			127,695
Income attributable to operating partnership units	479			457			960			913
FFO - Diluted	58,392			65,519			118,688			128,608
Adjustments for Recurring FFO:
Redemption costs of preferred shares	9,749			—			9,749			—
Write-off of debt costs, net	—			474			6,100			474
Acquisition costs	142			1			346			18
Deferred tax benefit, net	—			(2,097		)	—			(2,097		)
Other, net of tax	—			—			(1,161		)	(1,862		)
Recurring FFO - Diluted	$	68,283		$	63,897		$	133,722		$	125,141
Denominator:
FFO weighted average number of common shares outstanding - Basic	123,298			121,497			122,715			121,449
Effect of dilutive securities:
Share options and awards	1,252			1,337			1,344			1,292
Operating partnership units	1,480			1,499			1,483			1,499
FFO weighted average number of common shares outstanding - Diluted	126,030			124,333			125,542			124,240
FFO Per Common Share - Basic	$	0.47		$	0.54		$	0.96		$	1.05
FFO Per Common Share - Diluted	$	0.46		$	0.53		$	0.95		$	1.04
Adjustments for Recurring FFO per common share:
Redemption costs of preferred shares	0.08			—			0.08			—
Write-off of debt costs, net	—			—			0.05			—
Deferred tax benefit, net	—			(0.02		)	—			(0.02		)
Other, net of tax	—			—			(0.01		)	(0.01		)
Recurring FFO Per Common Share - Diluted	$	0.54		$	0.51		$	1.07		$	1.01

Page 5

Weingarten Realty Investors

Supplemental Income Statement Detail

(in thousands)

	Three Months Ended   June 30,						Six Months Ended   June 30,
	2015			2014			2015			2014
Rentals, net
Base minimum rent, net	$	96,717		$	99,623		$	191,748		$	197,287
Straight line rent	1,415			798			3,308			1,088
Over/Under-market rentals, net	67			(545		)	(249		)	(866		)
Percentage rent	1,023			810			1,831			1,769
Tenant reimbursements	25,088			27,105			50,330			53,146
Total	$	124,310		$	127,791		$	246,968		$	252,424
Fee Income Primarily from Real Estate Joint Ventures and Partnerships
Recurring	$	1,306		$	1,332		$	2,834		$	2,670
Non-Recurring	199			—			199			68
Total	$	1,505		$	1,332		$	3,033		$	2,738
Interest Expense, net
Interest paid or accrued	$	20,479		$	23,929		$	41,111		$	48,861
Extinguishment of debt	—			474			6,100			474
Amortization of debt deferred costs	843			841			1,588			1,546
Over-market mortgage adjustment of acquired properties, net	(188		)	(184		)	(376		)	(581		)
Gross interest expense	21,134			25,060			48,423			50,300
Capitalized interest	(842		)	(750		)	(1,673		)	(1,410		)
Total	$	20,292		$	24,310		$	46,750		$	48,890
Interest and Other Income, net
Gain on litigation settlement	$	—		$	—		$	1,721		$	—
Deferred compensation investment income	215			679			966			975
Other	203			124			453			1,822
Total	$	418		$	803		$	3,140		$	2,797
Supplemental Analyst Information
Net Operating Income including Joint Ventures
Revenues	$	126,804		$	130,191		$	252,403		$	257,783
Operating expense	(22,200		)	(23,920		)	(44,785		)	(48,535		)
Real estate taxes	(15,498		)	(16,358		)	(30,125		)	(31,007		)
Total	89,106			89,913			177,493			178,241
Net Operating Income from Discontinued Operations	—			68			—			641
Minority Interests Share of Net Operating Income and Other Adjustments	(1,756		)	(2,958		)	(4,187		)	(5,647		)
Pro rata Income From Consolidated Ventures	87,350			87,023			173,306			173,235
Pro rata share of Unconsolidated Joint Ventures
Revenues	13,711			13,668			27,504			27,653
Operating expense	(2,561		)	(2,263		)	(4,906		)	(4,746		)
Real estate taxes	(1,822		)	(1,720		)	(3,547		)	(3,600		)
Total	9,328			9,685			19,051			19,307
Net Operating Income including Joint Ventures	$	96,678		$	96,708		$	192,357		$	192,542
Net Operating Income from Sold Properties not in Discontinued Operations	$	117		$	7,419		$	771		$	14,482
Equity in Earnings of Real Estate Joint Ventures and Partnerships, net
Net income from unconsolidated real estate joint ventures and partnerships	$	2,460		$	3,411		$	7,272		$	7,027
Intercompany fee income reclass	546			609			1,113			1,262
Other adjustments	206			28			199			161
Equity in earnings of real estate joint ventures and partnerships, net	$	3,212		$	4,048		$	8,584		$	8,450
Dividends
Common Dividends per Share	$	0.345		$	0.325		$	0.690		$	0.650
Common Dividends Paid as a % of Reported Funds from Operations - Basic	73.8		%	61.1		%	72.4		%	62.2		%
Common Dividends Paid as a % of Recurring Funds from Operations - Basic	63.1		%	62.6		%	64.2		%	63.9		%
General and Administrative Expenses
General and Administrative Expenses/Total Revenue	5.1		%	4.5		%	5.5		%	4.6		%
General and Administrative Expenses/Total Assets before Depreciation	0.13		%	0.12		%	0.28		%	0.24		%

Page 6

Weingarten Realty Investors

Supplemental Balance Sheet Detail

(in thousands)

	June 30, 2015			December 31, 2014
Property
Land	$	895,470		$	821,614
Land held for development	102,808			103,349
Land under development	21,057			24,297
Buildings and improvements	3,121,046			3,061,616
Construction in-progress	73,287			65,218
Total	$	4,213,668		$	4,076,094
Straight Line Rent Receivable
	$	56,896		$	54,261
Other Assets, net
Notes receivable and mortgage bonds, net	$	30,300		$	30,365
Debt service guaranty asset	72,105			72,105
Non-qualified benefit plan assets	20,841			19,866
Out-of-market rentals, net	24,680			26,790
Investments	9,312			10,196
Deferred income tax asset	12,053			12,326
Interest rate derivative	3,829			3,891
Other	10,426			8,164
Total	$	183,546		$	183,703
Other Liabilities, net
Deferred revenue	$	14,060		$	11,903
Non-qualified benefit plan liabilities	53,518			51,634
Deferred income tax payable	7,719			7,970
Out-of-market rentals, net	25,218			23,218
Interest rate derivative	56			109
Other	28,302			29,650
Total	$	128,873		$	124,484
Identified Intangible Assets and Liabilities
Identified Intangible Assets:
Above-market leases (included in Other Assets, net)	$	37,418		$	38,121
Above-market leases - Accumulated Amortization	(12,738		)	(11,331		)
Below-market assumed mortgages (included in Debt, net)	4,069			4,713
Below-market assumed mortgages - Accumulated Amortization	(1,933		)	(2,352		)
Valuation of in place leases (included in Unamortized Debt and Lease Costs, net)	141,153			132,554
Valuation of in place leases - Accumulated Amortization	(62,876		)	(56,571		)
Total	$	105,093		$	105,134
Identified Intangible Liabilities:
Below-market leases (included in Other Liabilities, net)	$	45,819		$	42,830
Below-market leases - Accumulated Amortization	(20,601		)	(19,612		)
Above-market assumed mortgages (included in Debt, net)	33,253			34,113
Above-market assumed mortgages - Accumulated Amortization	(27,153		)	(27,411		)
Total	$	31,318		$	29,920

Page 7

Weingarten Realty Investors

Capitalization and Debt Coverage Ratios

(in thousands, except common share data and percentages)

	June 30, 2015			December 31, 2014
Common Share Data
Closing Market Price	$	32.69		$	34.92
Capitalization
Debt	$	2,087,957		$	1,938,188
Preferred Shares	—			150,000
Sub-total Debt & Preferred Shares	2,087,957			2,088,188
Common Shares at Market	4,051,402			4,277,316
Operating Partnership Units at Market	47,793			52,066
Total Market Capitalization (As reported)	$	6,187,152		$	6,417,570
Debt to Total Market Capitalization (As reported)	33.7		%	30.2		%
Debt to Total Market Capitalization (As reported at a constant share price of $34.92)	32.3		%	30.2		%
Debt to Total Market Capitalization (Pro rata)	34.9		%	31.0		%
Capital Availability
Revolving Credit Facility	$	500,000		$	500,000
Less:
Balance Outstanding Under Revolving Credit Facility	63,000			189,000
Outstanding Letters of Credit Under Revolving Facility	4,344			4,223
Unused Portion of Credit Facility	$	432,656		$	306,777

Covenant Ratios
	Restrictions
Debt to Asset Ratio (Public)	Less than 60.0%	44.2	%	41.7	%
Debt + Preferred to Asset Ratio	None	44.2	%	44.9	%
Secured Debt to Asset Ratio (Public)	Less than 40.0%	10.6	%	12.8	%
Unencumbered Asset Test (Public)	Greater than 150%	226.4	%	253.0	%
Fixed Charge Coverage (Revolver) (Pro rata EBITDA/ (interest expense + scheduled principal payments + preferred dividends))	Greater than 1.5x	3.1x		2.8x

Net Debt to Adjusted EBITDA
EBITDA (Current Quarter)	$	94,303		$	162,109
Gain on Sale of Real Estate	(8,234		)	(74,883		)
Ground Rent	256			295
Other Non-Recurring Items	1,650			1,329
Recurring EBITDA	$	87,975		$	88,850
Net Debt (less cash & equivalents)	$	2,074,658		$	1,914,999
Net Debt to Adjusted EBITDA (annualized)	5.90x			5.39x

Credit Ratings
	S&P	Moody's
Senior Debt	BBB	Baa2
Outlook	Stable	Positive

Page 8

Weingarten Realty Investors

Guidance

2015 Guidance
	2015	2015
	Previous Guidance	Revised Guidance
Recurring FFO Per Common Share - Diluted	$2.12 - $2.17	$2.14 - $2.18
Reported FFO Per Common Share - Diluted	$2.00 - $2.05	$2.02 - $2.06
Portfolio Activity ($ in millions)
Acquisitions	$200 - $250	$200 - $250
New Development	$50 - $100	$50 - $100
Dispositions	$125 - $175	$125 - $175
Operating Information
Same Property Net Operating Income	+2.5% to +3.5%	+3.0% to +4.0%
Denotes change to guidance

Page 9

Investment Activity

Weingarten Realty Investors

Capital Expenditures/Redevelopment

(at pro rata share)

(in thousands)

Capital Summary
		Three Months Ended   June 30, 2015		Six Months Ended   June 30, 2015		Twelve Months Ended 12/31/2014
	Acquisitions	$	81,091	$	173,191	$	43,832
	New Development	8,034		14,708		41,635
	Building and Site Improvements	1,626		3,200		15,784
	Tenant Finish	5,330		9,604		23,710
	Redevelopment	4,670		9,568		18,531
	External Leasing Commissions	641		1,605		3,384
	Capital Expenditures	$	101,392	$	211,876	$	146,876
	Note:
	Internal Leasing Fees are approximately $4.9 million for the six months ended June 30, 2015 and $12.1 million for the twelve months ended December 31, 2014, respectively.

Redevelopment
					2015
					Net Cost		Net Costs		Total Estimated
		2015	WRI		Year-To-		Inception-		Investment				Project
	Center Name	SSNOI	Own %		Date		To-Date		WRI Costs		Gross Costs		Description
Active Projects
1	Riverpoint at Sheridan	N	100	%	$	1,751	$	8,696	$	13,119	$	13,119	Construct Sportsman's Warehouse, Conn's and shops totaling 8,600 SF on land previously classified as land held for development
2	Decatur 215	N	100	%	1,592		4,345		16,054		16,054		Construct Hobby Lobby, two Jr Anchors totaling 35,000 SF and 32,000 SF of shops and restaurants on land previously classified as land held for development
3	Brookwood Square Shopping Center	N	100	%	2,087		7,394		9,188		9,188		Redevelopment to include LA Fitness and 14,000 SF of shop space
4	Westchase	N	100	%	1,141		1,453		8,735		8,735		Redevelopment of vacant grocer with Whole Foods and Jr Anchor
5	Humblewood Center	N	100	%	237		241		5,636		5,636		Redevelopment of vacant grocer and relocation of Conn's
6	Shoppes at Memorial Villages	N	100	%	1,211		3,219		3,195		3,195		Redevelopment to construct 33,000 SF multi-tenant building
7	Rock Prairie Marketplace	N	100	%	182		269		2,241		2,241		New construction of a 5,000 SF Valero gas station on land previously classified as land held for development
8	Horne Street Market	N	100	%	167		189		2,064		2,064		New construction of 10,200 SF multi-tenant building
9	Westhill Village Shopping Center	Y	100	%	690		754		1,273		1,273		New construction of 6,700 SF multi-tenant building
10	Northbrook Center	Y	100	%	4		45		713		713		New construction of free standing building with Starbucks
	Total Active Redevelopments (1)				$	9,062	$	26,605	$	62,218	$	62,218	85% of total investment estimated to be spent in next 12 months, with balance in next 24 months
Potential Projects									6,000				4 near-term potential projects
	Total Redevelopment Pipeline (2)								$	68,218
Completed Projects
	Prospectors Plaza	Y	100	%	$	—	$	4,707	$	5,033	$	5,033	Expansion of shopping center to create a new 25,000 SF box for Ross
	Seminole Town Center	Y	100	%	63		1,487		1,583		1,583		New construction of 8,500 SF multi-tenant building including Chipotle
	Independence Plaza	Y	100	%	413		1,732		1,732		1,732		New construction of 12,100 SF building including Rack Room and OshKosh / Carter's
	Argyle Village Shopping Center	Y	100	%	30		417		462		462		New construction of 3,000 SF shop space
	Total Completed 2015 Redevelopments				$	506	$	8,343	$	8,810	$	8,810
	(1) Active projects are expected to generate returns of 10-15% upon completion.
	(2) In addition to the active and potential projects, we have identified numerous long-term projects for potential redevelopment.
	Note:
	WRI defines redevelopment as projects in which additional GLA is added either through new construction or expansion of an existing space or incremental investment is over $5 million.

Page 11

Weingarten Realty Investors

New Development Properties

As of June 30, 2015

(at pro rata share)

(in thousands, except percentages)

							Total Square Feet  of Building Area		Percent Leased				Pro Rata  Spent Year-To-Date		Pro Rata  Spent Inception-To-Date		Total Estimated  Investment (2)								Completions ($)  Year-To-Date
	Center Name	Location	Anchors	WRI Own %			Gross (1)	Net	Net @ 100%		Gross						WRI Costs			Gross Costs			Est. Final ROI %
1	Hilltop Village Center	Alexandria, VA	Wegmans	100.0	%	(3)	249	249	97.4	%	97.4	%	$	7,417	$	60,392	$	65,639		$	65,639
2	Nottingham Commons	White Marsh, MD	Meritt Athletic Club (OBO), Petco, MOM's Organic Market, TJ Maxx	100.0	%		176	136	73.5	%	79.5	%	772		23,433		45,579			45,579
3	The Whittaker (4)	Seattle, WA	Whole Foods	100.0	%		63	63	65.8	%	65.8	%	121		239		29,155			29,155
4	Wake Forest Crossing II	Wake Forest, NC	Kohl's (OBO), TJ Maxx, Michaels, Ross, Petco	100.0	%		209	116	88.8	%	93.8	%	6,398		13,482		18,750			18,750
	Total 4 Properties Under Development						697	564	86.3	%	88.9	%	$	14,708	$	97,546	$	159,123		$	159,123		7.8	%	$	10,025
							Spent Inception to Date (from above)										$	97,546		$	97,546
							Additional Capital Needed to Complete										66,454			66,454
							Reimbursement of Future Property Sales										(4,877		)	(4,877		)
							Total Estimated Investment Under Development										$	159,123		$	159,123		7.8	%

	QTR Completed	YTD Completed	3Q'15E	4Q'15E	1Q'16E	2Q'16E	3Q'16E	Remaining Balance
Completion ($)	$10,025	$10,025	$23,200 - $25,200	$12,300 - $15,300	$0 - $3,700	$3,300 - $8,300	$19,700 - $24,700	$32,800 - $37,800
Weighted Return (%)	8.1%	8.1%	8.7% - 8.9%	8.0% - 8.5%	8.2% - 8.7%	7.6% - 8.1%	7.6% - 8.1%	7.0% - 7.5%
Net Operating Income (Annualized)	$810	$810	$2,000 - $2,300	$1,000 - $1,400	$0 - $400	$200 - $700	$1,500 - $2,000	$2,300 - $2,900

(1) Total gross building area reflects the entire shopping center under development. Includes square footage for any ownership by our partners and buildings owned by others and only the retail area of mixed use projects.

(2) Net of anticipated proceeds from land sales.

(3) Hilltop Village Center: 50/50 Joint Venture with 100% funding by WRI.

(4) WRI has committed to purchase the retail portion of a development project in West Seattle, contingent on the satisfaction of the developer's delivery obligations.

Page 12

Weingarten Realty Investors

Land Held for Development

As of June 30, 2015

(in thousands, except acres and percentages)

	Ownership  Interest		Gross  Acres	Investment (1)
Location				100%		Pro Rata
New Development Phased Projects
US Hwy. 1 and Caveness Farms Rd., Wake Forest, NC	100.0	%	37.5
Highway 17 and Highway 210, Surf City, NC	100.0	%	46.5
FM 2920 and Future 249, Tomball - Houston, TX	100.0	%	10.5
Decatur at 215, Las Vegas, NV	100.0	%	7.6
Hwy. 85 & Hwy. 285, Sheridan, CO	100.0	%	12.0
US 77 & FM 802, Brownsville, TX	100.0	%	21.0
US Hwy. 17 & US Hwy. 74/76, Leland, NC	100.0	%	12.6
State Hwy. 95 & Bullhead Pkwy., Bullhead City, AZ	100.0	%	7.2
Belle Terre Pkwy. & State Rd. 100, Palm Coast, FL	100.0	%	6.7
SR 207 & Rolling Hills Drive, St. Augustine, FL	70.0	%	5.2
29th St. at Nolana Loop, McAllen, TX	50.0	%	3.8
Southern Ave. & Signal Butte Rd., Mesa, AZ	100.0	%	1.5
SEC Poplar Ave. at I-240, Memphis, TN	100.0	%	1.2
Total New Development Phased Projects			173.4	$	38,396	$	36,910
Other Raw Land
FM 1957 (Potranco Rd.) and FM 211, San Antonio, TX	50.0	%	198.7
South Fulton Parkway and SH 92, Union City - Atlanta, GA	100.0	%	81.6
Shary Road and US Hwy. 83, Mission, TX	50.0	%	34.9
SH 281 & Wilderness Oaks, San Antonio, TX	100.0	%	29.2
Creedmoor (Hwy. 50) and Crabtree Valley Ave., Raleigh, NC	100.0	%	2.7
Lon Adams Rd. at Tangerine Farms Rd. - Marana, AZ	100.0	%	9.7
Rock Prairie Rd. at Hwy. 6, College Station, TX	100.0	%	9.0
SH 151 & Ingram Rd., San Antonio, TX	66.7	%	5.8
Young Pines and Curry Ford Rd., Orlando, FL	100.0	%	1.9
Leslie Rd. at Bandera Rd., Helotes, TX	100.0	%	1.7
Other	100.0	%	30.7
Total Raw Land			405.9	$	70,813	$	51,013
Total Land Held For Development Properties			579.3	$	109,209	$	87,923

(1) Net of impairment and valuation adjustments.

Notes:

Land costs account for $88.0 million of total investment at 100%, $67.5 million at pro rata share.

Categorization based upon proximity to development property and does not indicate future development pipeline.

Page 13

Weingarten Realty Investors

Disposition and Acquisition Summary

For the Period Ended June 30, 2015

(at pro rata share)

(in thousands)

Center		City/State	Sq. Ft.  at 100%	Date  Sold	Sales  Proceeds		Weighted  Sales  Cap
Dispositions
	1st Quarter
	Markham Square	Little Rock, AR	127	01/06/15
	Southgate Shopping Center	Lake Charles, LA	168	01/16/15
	Western Plaza*	Fenton, MO	57	02/13/15
	Lake Pointe Market	Rowlett, TX	41	03/25/15
	2nd Quarter
	Tyler Shopping Center	Tyler, TX	60	04/08/15
	DDS Office Building	Salt Lake City, UT	27	04/09/15
	East Lake Office Building*	Palm Harbor, FL	23	04/14/15
	Westgate Shopping Center	Little Rock, AR	53	04/23/15
	International Drive Value Center*	Orlando, FL	185	04/29/15
	Alafaya Square*	Oviedo, FL	176	06/04/15
	Centre at Post Oak - ROW	Houston, TX	N/A	06/30/15
Total Dispositions					$	63,764	7.86	%
				Date	Purchase
				Acquired	Price		Yield (1)
Acquisitions
	1st Quarter
	Baybrook Gateway	Houston, TX	237	02/04/15
	Cambrian Park Plaza	San Jose, CA	171	02/27/15
	2nd Quarter
	Wellington Green	Wellington, FL	112	04/20/15
	The Summit at Scottsdale*	Scottsdale, AZ	190	06/30/15
Total Acquisitions					$	173,191	4.63	%
(1) Economics reflect WRI's pro rata ownership interest, excluding the incremental return from fee income.
* Unconsolidated real estate joint venture activity

Page 14

Summary of Debt

Weingarten Realty Investors

Debt Information

(in thousands, except percentages)

	June 30, 2015			2nd Quarter  Weighted  Average Rate (1)		December 31, 2014			4th Quarter Weighted Average Rate (1)
Outstanding Balance Summary
Mortgage Debt	$	485,368		5.41	%	$	577,862		6.03	%
3.5% Notes due 2023	298,863			3.50	%	298,800			3.50	%
3.375% Notes due 2022	299,125			3.38	%	299,072			3.38	%
4.45% Notes due 2024	249,103			4.45	%	249,059			4.45	%
3.85% Notes due 2025	248,103			3.85	%	—
Term Loan (2)	200,000			2.64	%	—
Unsecured Notes Payable (MTN)	141,290			6.09	%	231,290			5.84	%
Revolving Credit Agreements (3)	73,000			0.84	%	189,000			0.76	%
Obligations under Capital Leases	21,000			7.90	%	21,000			7.88	%
Subtotal Consolidated Debt	2,015,852			4.10	%	1,866,083			4.38	%
Debt Service Guarantee Liability (4)	72,105					72,105
Total Consolidated Debt - As Reported	2,087,957			4.10	%	1,938,188			4.38	%
Less: Noncontrolling Interests and Other Adjustments	(38,118		)			(79,592		)
Plus: WRI Share of Unconsolidated Joint Ventures	150,127					155,517
Total Debt - Pro rata Share	$	2,199,966		4.11	%	$	2,014,113		4.37	%
	Debt  Balance			Weighted Average Rate (1)		% of Total			Weighted Average Remaining  Life (yrs)
Fixed vs. Variable Rate Debt (at Pro rata Share) (includes the effect of interest rate swaps)
As of June 30, 2015
Fixed-rate debt	$	2,004,998		4.30	%	91.1		%	7.19
Variable-rate debt	194,968			2.05	%	8.9		%	1.47
Total	$	2,199,966		4.11	%	100.0		%	6.68
As of December 31, 2014
Fixed-rate debt	$	1,700,603		4.83	%	84.4		%
Variable-rate debt	313,510			1.80	%	15.6		%
Total	$	2,014,113		4.37	%	100.0		%
Secured vs. Unsecured Debt (at Pro rata Share)
As of June 30, 2015
Secured Debt	$	614,875		5.32	%	27.9		%	4.83
Unsecured Debt	1,585,091			3.55	%	72.1		%	7.40
Total	$	2,199,966		4.11	%	100.0		%	6.68
As of December 31, 2014
Secured Debt	$	670,896		5.90	%	33.3		%
Unsecured Debt	1,343,217			3.54	%	66.7		%
Total	$	2,014,113		4.37	%	100.0		%
	As  Reported			Pro rata  Share
Weighted Average Interest Rates (1)
Three months ended 6/30/15	4.10		%	4.11	%
Six months ended 06/30/15	4.16		%	4.15	%
Three months ended 12/31/14	4.38		%	4.37	%
Twelve months ended 12/31/14	4.55		%	4.54	%

(1) Weighted average interest rates exclude the effects of ASC 805 "Business Combinations", revolver facility fee, and other loan costs related to financing.

(2) Term loan has a floating rate of LIBOR + 115 bps that has been swapped to fixed rate of 2.64%. The weighted average interest rate reflects the fixed rate.

(3) Weighted average revolving interest rate excludes the effect of the facility fee of 20 basis points on the total commitment in arrears.

The weighted average revolving interest rate with the facility fee is 2.28% and 1.32% for the second quarter 2015 and the fourth quarter 2014, respectively.

(4) Debt service guarantee liability represents bonds issued in association with a guarantee in connection with a project in Denver, Colorado.

Page 16

Weingarten Realty Investors

Schedule of Maturities

As of June 30, 2015

(in thousands, except percentages)

	As Reported			Pro rata Share
	Maturities		Weighted  Average Rate (2)	Maturities		Weighted  Average Rate (2)	Floating Rate			Fixed Rate			Secured		Unsecured
2015	$	24,847	5.82%	$	37,102	5.46%	$	11,264		$	25,838		$	37,102	$	—
2016	169,653		5.74%	203,379		5.59%	36,667			166,712			128,379		75,000
2017	141,850		6.08%	167,159		5.86%	3,638			163,521			142,159		25,000
2018	62,214		5.51%	26,340		5.65%				26,340			16,770		9,570
2019	55,906		5.19%	59,534		5.10%				59,534			59,534
2020 (3)	237,425		2.91%	293,012		3.23%	200,000			93,012			93,012		200,000
2021	4,406		4.00%	12,564		4.15%				12,564			12,564
2022	307,011		3.39%	307,928		3.39%				307,928			7,928		300,000
2023	304,202		3.50%	305,170		3.51%				305,170			5,170		300,000
2024	254,394		4.44%	255,417		4.44%				255,417			5,417		250,000
Thereafter	357,285		4.10%	360,558		4.12%				360,558			78,838		281,720
Subtotal	1,919,193			2,028,163			251,569			1,776,594			586,873		1,441,290
Revolving Credit Agreements	73,000		0.89%	73,000		0.89%	73,000								73,000
Other (1)	95,764			98,803			5,881			92,922			28,002		70,801
Swap Maturities:
2017							64,517			(64,517		)
2020							(200,000		)	200,000
Total	$	2,087,957	4.16%	$	2,199,966	4.15%	$	194,967		$	2,004,999		$	614,875	$	1,585,091

(1) Other includes capital leases, ASC 805 “Business Combinations” adjustment, debt service guarantee liability, market value of swaps and discounts on notes.

The debt service guarantee liability represents bonds issued in association with a guarantee in connection with a project in Denver, Colorado.

(2) Weighted average interest rates exclude the effects of ASC 805 “Business Combinations”, revolver facility fee paid quarterly on total commitment

in arrears, and other loan costs related to financing.

(3) Year 2020 includes the Term Loan which is at a floating rate of LIBOR + 115 bps that has been swapped to a fixed rate of 2.64%. The weighted

average rate reflects the fixed rate.

Page 17

Joint Ventures

Weingarten Realty Investors

Unconsolidated Joint Venture Financial Statements at 100%

(in thousands)

	Three Months Ended   June 30,				Six Months Ended   June 30,
Condensed Statements of Income	2015		2014		2015			2014
Revenues:
Base minimum rent, net	$	27,658	$	28,229	$	55,519		$	56,625
Straight line rent	244		18		562			185
Over/Under-market rentals, net	98		199		275			414
Percentage rent	120		132		264			279
Tenant reimbursements	8,066		8,185		16,257			16,611
Other income	401		338		828			755
Total	36,587		37,101		73,705			74,869
Expenses:
Depreciation and amortization	9,203		11,096		18,583			21,013
Interest, net	4,235		5,848		8,652			11,760
Operating	6,771		6,318		13,236			13,134
Real estate taxes, net	4,725		4,566		9,257			9,446
General and administrative	333		424		535			530
Provision for income taxes	43		216		111			283
Impairment loss	7,487		—		7,487			—
Total	32,797		28,468		57,861			56,166
Gain on dispositions	265		531		1,393			627
Net income	$	4,055	$	9,164	$	17,237		$	19,330
Condensed Balance Sheets
					June 30, 2015			December 31, 2014
ASSETS
Property					$	1,303,843		$	1,331,445
Accumulated depreciation					(281,393		)	(279,067		)
Property, net					1,022,450			1,052,378
Other assets, net					129,300			126,890
Total					$	1,151,750		$	1,179,268
LIABILITIES AND EQUITY
Debt, net					$	361,492		$	380,816
Amounts payable to Weingarten Realty Investors and Affiliates					13,252			13,749
Other liabilities, net					30,145			26,226
Total					404,889			420,791
Equity					746,861			758,477
Total					$	1,151,750		$	1,179,268

Page 19

Weingarten Realty Investors

Unconsolidated Joint Venture Financial Statements at Pro rata Share

(in thousands)

	Three Months Ended   June 30,					Six Months Ended   June 30,
Condensed Statements of Income	2015		2014			2015			2014
Revenues:
Base minimum rent, net	$	10,432	$	10,431		$	20,817		$	20,912
Straight line rent	59		(6		)	140			96
Over/Under-market rentals, net	4		48			44			97
Percentage rent	14		55			60			98
Tenant reimbursements	3,028		2,979			6,084			6,106
Other income	174		161			359			344
Total	13,711		13,668			27,504			27,653
Expenses:
Depreciation and amortization	3,468		3,923			6,978			7,623
Interest, net	1,835		2,234			3,707			4,489
Operating	2,561		2,263			4,906			4,746
Real estate taxes, net	1,822		1,720			3,547			3,600
General and administrative	102		131			161			160
Provision for income taxes	19		145			51			176
Impairment loss	1,497		—			1,497			—
Total	11,304		10,416			20,847			20,794
Gain on dispositions	53		159			615			168
Net income	$	2,460	$	3,411		$	7,272		$	7,027
Condensed Balance Sheets
						June 30, 2015			December 31, 2014
ASSETS
Property						$	470,933		$	460,511
Accumulated depreciation						(107,245		)	(104,338		)
Property, net						363,688			356,173
Notes receivable from real estate joint ventures and partnerships						4,773			4,900
Unamortized debt and lease costs, net						18,854			17,329
Accrued rent and accounts receivable (net of allowance for doubtful accounts of $231 in 2015 and $270 in 2014)						12,851			13,376
Cash and cash equivalents						14,221			13,937
Restricted deposits and mortgage escrows						47			329
Notes receivable and mortgage bonds, net						9			23
Out-of-market rentals, net						1,408			1,185
Other assets, net						2,026			1,837
Total						$	417,877		$	409,089
LIABILITIES AND EQUITY
Debt, net						$	150,787		$	156,243
Amounts payable to Weingarten Realty Investors and Affiliates						5,920			5,893
Accounts payable and accrued expenses						5,621			6,234
Deferred revenue						1,253			847
Out-of-market rentals, net						4,310			2,627
Interest rate derivative						73			92
Other liabilities, net						482			545
Total						168,446			172,481
Equity						249,431			236,608
Total						$	417,877		$	409,089

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 20

Weingarten Realty Investors

Investments in Unconsolidated Real Estate Joint Ventures & Partnerships

June 30, 2015

(in thousands, except number of properties and percentages)

							Weingarten Realty
Joint Venture Partner	Number of  Operating Properties (1)(2)	Total GLA	Total Assets		Total Debt		Ownership  Interest	Share of Debt		Investment  Balance		Equity in Earnings  (Losses) of  Unconsolidated JVs
TIAA Florida Retail LLC	2	442	$	131,435	$	—	20.0%	$	—	$	25,977	$	(735	)
Perlmutter SRP, LLC	6	523	84,779		68,303		25.0%	17,076		3,015		40
Collins	8	1,160	129,386		22,477		50.0%	11,238		47,798		1,821
AEW - Institutional Client	5	437	105,042		—		20.0%	—		20,737		536
BIT Retail	3	715	148,082		—		20.0%	—		28,872		577
Jamestown	6	1,337	140,704		79,832		20.0%	15,966		11,224		1,063
Fidelis Realty Partners	1	491	135,517		80,046		57.8%	46,226		30,641		1,077
Sleiman Enterprises	2	170	18,344		13,506		50.0%	6,753		2,792		174
Bouwinvest	2	353	101,908		—		51.0%	—		48,971		379
Other	10	2,373	156,553		97,329		55.0%	53,527		49,777		3,651
Total	45	8,000	$	1,151,750	$	361,492	38.7%	$	150,787	$	269,804	$	8,584

Joint Venture Description
TIAA Florida Retail LLC	Joint venture with an institutional partner, TIAA-CREF Global Real Estate
Perlmutter SRP, LLC	Retail joint venture with an institutional partner through Perlmutter Investment Company
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
Jamestown	Retail joint venture in Florida
Fidelis Realty Partners	Retail joint venture in Texas
Sleiman Enterprises	Retail joint venture in Florida
Bouwinvest	Retail joint venture with West Coast focus
(1) Excludes land held for development.
(2) Excludes additional consolidated joint ventures such as AEW Capital Management.

Page 21

Weingarten Realty Investors

Unconsolidated Joint Venture Mortgage Debt Information

As of June 30, 2015

(in thousands, except number of properties, percentages and term)

Balance Summary
		At 100%
Joint Venture Partner	# of Mortgaged  Properties (2)	Mortgage Balance (1)(2)		Average Interest Rate	Average Remaining Term (yrs)
Perlmutter SRP, LLC	5	$	68,303	5.7%	1.0
Collins	2	22,477		6.0%	9.7
Jamestown	6	79,832		2.7%	0.7
Fidelis Realty Partners	1	80,046		4.0%	5.4
Sleiman Enterprises	2	13,506		5.0%	6.0
Other	4	96,318		5.6%	3.6
Total	20	$	360,481	4.6%	3.0

Schedule of Maturities
	At 100%			At WRI Share
	Maturities (1)(2)		Weighted Average Rate	Maturities (1)(2)		Weighted Average Rate
2015	$	58,346	3.9%	$	12,601	4.1%
2016	110,939		4.6%	34,449		4.5%
2017	56,810		5.0%	26,076		5.0%
2018	6,253		4.9%	3,450		4.9%
2019	6,576		4.9%	3,628		4.9%
2020	93,148		4.8%	55,586		4.8%
2021	16,049		5.3%	8,157		5.3%
2022	1,833		5.9%	916		5.9%
2023	1,936		5.9%	968		5.9%
2024	2,046		6.1%	1,023		6.1%
Thereafter	6,545		6.3%	3,273		6.3%
Total	$	360,481		$	150,127

(1) Excludes non-cash debt related items.

(2) Excludes additional consolidated joint ventures such as AEW Capital Management.

Note:

All mortgages are fixed rate with the exception of four Jamestown mortgages and one Other mortgage, which are variable rate ($55.0 million and $25.0 million, respectively at 100%) and mature in 2015 and 2016, respectively.

Page 22

Portfolio Summary

Weingarten Realty Investors

Tenant Diversification by Percent of Base Minimum Rent

As of June 30, 2015

(at pro rata share)

(in thousands, except percentages and # of units)

Rank	Tenant Name (1)(2)	Credit Ranking  (S&P / Moody's)	# of  Units	Total Annualized Base Minimum Rent		% of  Total Annualized  Base Minimum Rent		Total  SF	% of Total  SF
1	The Kroger Co.	BBB/Baa2	29	$	13,227	3.11	%	1,575	5.63	%
2	T.J.X. Companies, Inc.	A+/A3	39	9,813		2.30	%	965	3.45	%
3	Ross Stores, Inc.	A-/A3	33	8,446		1.98	%	732	2.62	%
4	H-E-B	N/A/N/A	8	6,730		1.58	%	539	1.93	%
5	Petsmart, Inc.	B+/N/A	21	6,587		1.55	%	406	1.45	%
6	Albertson's	N/A/N/A	20	6,582		1.55	%	882	3.15	%
7	Home Depot, Inc.	A/A2	5	5,854		1.37	%	541	1.93	%
8	Office Depot, Inc.	B-/B2	26	5,630		1.32	%	466	1.67	%
9	Bed Bath & Beyond, Inc.	A-/Baa1	21	5,505		1.29	%	484	1.73	%
10	Whole Foods Market, Inc.	BBB-/N/A	8	5,328		1.25	%	311	1.11	%
11	Best Buy, Inc.	BB/Baa2	10	4,828		1.13	%	290	1.04	%
12	Dollar Tree Stores, Inc.	BB/Ba2	46	4,251		1.00	%	412	1.47	%
13	The Sports Authority	N/A/N/A	7	4,103		0.96	%	270	0.96	%
14	24 Hour Fitness Inc.	B/N/A	7	3,754		0.88	%	171	0.61	%
15	Petco Animal Supplies, Inc.	B/B3	19	3,579		0.84	%	210	0.75	%
16	Gap, Inc.	BBB-/Baa3	12	3,085		0.72	%	174	0.62	%
17	Walmart Stores, Inc.	AA/Aa2	6	3,004		0.71	%	453	1.62	%
18	Barnes & Noble Inc.	N/A/N/A	7	2,642		0.62	%	165	0.59	%
19	Ascena Retail Group	N/A/N/A	25	2,561		0.60	%	133	0.47	%
20	Hobby Lobby Stores, Inc.	N/A/N/A	5	2,531		0.59	%	305	1.09	%
21	Raley's	N/A/N/A	6	2,526		0.59	%	332	1.19	%
22	Starbucks Corporation	A-/A3	43	2,466		0.58	%	66	0.23	%
23	JPMorgan Chase Bank	A/A3	23	2,309		0.54	%	81	0.29	%
24	Mattress Firm	B/B2	22	2,306		0.54	%	78	0.28	%
25	Subway (3)	N/A/N/A	72	2,267		0.53	%	79	0.28	%
	Grand Total		520	$	119,915	28.16	%	10,118	36.17	%

(1	)	Tenant Names:	DBA Names:
		The Kroger Co.	Kroger (13), Harris Teeter (7), Smith's Food (1), Ralph's (2), Fry's Food (3), King Soopers (2), Food 4 Less (1)
		T.J.X. Companies, Inc.	T.J. Maxx (13), Marshalls (19), Home Goods (7)
		Ross Stores, Inc.	Ross Dress for Less (32), dd's Discounts (1)
		Albertson's	Albertson's (5), Randall's (5), Safeway (8), Von's (1), United Supermarket (1)
		Office Depot, Inc.	Office Depot (16), Office Max (10)
		Bed Bath & Beyond, Inc.	Bed Bath & Beyond (12), Cost Plus (7), buybuy BABY (2)
		Dollar Tree Stores, Inc.	Dollar Tree (36), Family Dollar (8), Greenbacks (1), Deal$ (1)
		Gap, Inc.	Gap (2), Old Navy (10)
		Walmart Stores, Inc.	Walmart (3), Walmart Neighborhood (3)
		Ascena Retail Group	Lane Bryant (9), Dressbarn (8), Justice (4), Catherines (2), AnnTaylor (1), Loft (1)
		Raley's	Raley's (5), Bel Air Markets (1)
		Mattress Firm	Mattress Firm (19), Bedmart (1), Mattress Pro (1), Matress Giant (1)
(2	)	Target owns and occupies 24 units not included above.
(3	)	Includes franchised locations.

Page 24

Weingarten Realty Investors

Portfolio Operating Information

(at pro rata share)

(in thousands, except percentages and leases)

Leasing Activity / Rent Growth
Signed Leases
	Comparable:							Number of  Leases	Square Feet		New Rent  $/SF		Prior Rent  $/SF			TI's $/SF		Cash Change  in Base Rent		Weighted  Average  Term  (Years)
	All Leases
	Quarter Ended June 30, 2015							219	659		$	18.63	$	16.60		$	4.10	12.2	%
	Quarter Ended March 31, 2015							216	1,206		14.13		12.97			2.91		8.9	%
	Quarter Ended December 31, 2014							240	816		15.79		14.20			2.07		11.2	%
	Quarter Ended September 30, 2014							234	834		17.37		15.38			10.38		12.9	%
	Rolling 12 months							909	3,515		$	16.13	$	14.51		$	4.71	11.1	%
	New Leases
	Quarter Ended June 30, 2015							60	132		$	20.61	$	17.64		$	20.38	16.8	%	5.8
	Quarter Ended March 31, 2015							49	142		18.84		17.26			24.69		9.2	%	6.9
	Quarter Ended December 31, 2014							54	134		19.46		17.63			12.33		10.4	%	6.3
	Quarter Ended September 30, 2014							67	276		17.61		14.64			31.27		20.3	%	9.0
	Rolling 12 months							230	684		$	18.81	$	16.35		$	24.09	15.1	%	7.3
	Renewals
	Quarter Ended June 30, 2015							159	527		$	18.13	$	16.34		$	—	10.9	%
	Quarter Ended March 31, 2015							167	1,064		13.50		12.40			—		8.9	%
	Quarter Ended December 31, 2014							186	682		15.07		13.53			0.06		11.4	%
	Quarter Ended September 30, 2014							167	558		17.25		15.75			0.05		9.5	%
	Rolling 12 months							679	2,831		$	15.48	$	14.07		$	0.02	10.0	%
	Comparable & Non-Comparable:
	Quarter Ended June 30, 2015							261	758
	Quarter Ended March 31, 2015							271	1,388
	Quarter Ended December 31, 2014							283	978
	Quarter Ended September 30, 2014							293	1,073
	Rolling 12 months							1,108	4,197
Lease
Expirations (1)
Assumes No Exercise of Renewal Options
	Anchor Tenants (2)							Non-Anchor Tenants								Total Tenants
Year	Square Feet	Percent of  Total Square  Feet		In Place Min Rent PSF		Percent of Total Revenue (3)		Square Feet	Percent of  Total Square  Feet		In Place Min Rent PSF		Percent of Total Revenue  (3)			Square Feet		Percent of  Total Square  Feet		In Place Min Rent PSF		Percent of Total Revenue (3)
M-T-M	10	0	%	$	12.00	0	%	151	2	%	$	19.33	1		%	161		1	%	$	18.88	1	%
2015	398	2	%	7.90		2	%	568	6	%	22.60		6		%	966		4	%	16.54		4	%
2016	1,937	12	%	10.26		11	%	1,690	19	%	23.38		18		%	3,626		14	%	16.38		15	%
2017	2,044	12	%	12.21		13	%	1,520	17	%	24.11		17		%	3,564		14	%	17.28		15	%
2018	2,223	13	%	10.89		13	%	1,355	15	%	25.19		16		%	3,578		14	%	16.31		14	%
2019	2,112	13	%	10.47		12	%	1,120	13	%	25.93		13		%	3,232		13	%	15.82		13	%
2020 - 2025	6,015	36	%	11.90		38	%	2,302	26	%	25.42		27		%	8,316		33	%	15.64		32	%
Assumes Exercise of all Renewal Options (4)
	Anchor Tenants (2)							Non-Anchor Tenants								Total Tenants
Year	Square Feet	Percent of  Total Square  Feet		In Place Min Rent PSF		Percent of Total Revenue (3)		Square Feet	Percent of  Total Square  Feet		In Place Min Rent PSF		Percent of Total Revenue (3)			Square Feet		Percent of  Total Square  Feet		In Place Min Rent PSF		Percent of Total Revenue (3)
M-T-M	10	0	%	$	12.00	0	%	151	2	%	$	19.33	1		%	161		1	%	$	18.88	1	%
2015	65	0	%	9.03		0	%	395	4	%	22.43		4		%	459		2	%	20.54		2	%
2016	523	3	%	11.67		3	%	969	11	%	24.07		10		%	1,492		6	%	19.72		6	%
2017	173	1	%	13.99		1	%	871	10	%	24.06		9		%	1,044		4	%	22.39		5	%
2018	378	2	%	12.67		2	%	713	8	%	26.20		8		%	1,091		4	%	21.52		5	%
2019	213	1	%	10.07		1	%	665	8	%	25.47		7		%	878		3	%	21.73		4	%
2020 - 2025	2,207	13	%	12.58		12	%	2,608	29	%	26.70		29		%	4,816		19	%	20.23		21	%

(1) Reflects in-place leases as of June 30, 2015.

(2) Anchor tenants represent any tenant at least 10,000 square feet.

(3) Revenue includes minimum base rent only.

(4) Revenue for leases with future option rent based on fair market value or CPI is reported as of the last year in the current lease term.

Page 25

Weingarten Realty Investors

Portfolio Operating Information (continued)

(at pro rata share)

(in thousands, except percentages)

Occupancy
	Quarter Ended
	June 30, 2015	March 31, 2015	December 31, 2014	September 30, 2014	June 30, 2014
Signed Basis
Anchor (1)	98.7%	98.7%	98.9%	98.5%	98.6%
Non-Anchor	90.3%	90.3%	89.8%	89.1%	88.6%
Total Retail	95.6%	95.6%	95.5%	95.0%	94.9%
Other	87.9%	87.4%	87.1%	87.0%	86.7%
Total Signed	95.5%	95.5%	95.4%	94.9%	94.8%
Commenced Basis
Anchor (1)	97.3%	97.5%	97.3%	96.3%	97.5%
Non-Anchor	87.8%	87.8%	87.6%	86.0%	85.2%
Total Retail	93.8%	93.9%	93.7%	92.5%	92.9%
Other	87.9%	87.4%	87.1%	85.7%	86.2%
Total Commenced	93.7%	93.9%	93.7%	92.4%	92.8%
Same Property (2)
Signed Basis	96.4%	96.5%	96.2%	96.2%	95.9%
Commenced Basis	95.0%	95.1%	94.9%	94.5%	94.2%

Average Base Rents (3)
	Quarter Ended
	June 30, 2015		March 31, 2015		December 31, 2014		September 30, 2014		June 30, 2014
Commenced Basis
Anchor (1)	$	12.06	$	11.98	$	11.85	$	11.72	$	11.61
Non-Anchor	24.59		24.29		24.00		23.43		23.33
Total	$	16.63	$	16.45	$	16.24	$	15.95	$	15.84

Same Property Net Operating Income Growth (4)
	Three Months Ended   June 30,						Six Months Ended   June 30,
	2015		2014		% Change		2015		2014		% Change
Revenue
Minimum Rent	$	95,489	$	92,336	3.4	%	$	190,208	$	183,732	3.5	%
Bad Debt (net of recoveries)	496		136		264.7	%	384		303		26.7	%
Percentage Rent	628		520		20.8	%	1,202		1,157		3.9	%
Tenant Reimbursements	25,196		25,115		0.3	%	50,714		48,898		3.7	%
Other	584		573		1.9	%	1,378		1,467		-6.1	%
	122,393		118,680		3.1	%	243,886		235,557		3.5	%
Expenses
Property Operating Expenses	19,053		18,853		1.1	%	38,085		37,511		1.5	%
Real Estate Taxes	14,482		14,482		0.0	%	28,447		27,759		2.5	%
	33,535		33,335		0.6	%	66,532		65,270		1.9	%
Net Operating Income (5)	$	88,858	$	85,345	4.1	%	$	177,354	$	170,288	4.1	%

(1) Anchor tenants represent any tenant at least 10,000 square feet.

(2) Same Property Occupancy includes operating centers that have been owned for the same comparable time duration.

Same Property excludes any new development, redevelopment, and any acquired or sold centers during the same time duration.

(3) Average Base rent per Leased SF excludes ground leases.

(4) Same Property NOI Growth includes the Company's share of unconsolidated real estate joint ventures and partnerships and

provisions for uncollectible amounts and related recoveries. It excludes the effect of lease cancellation income and

straight-line rent adjustments and is reported on a cash basis.

(5) Same Property NOI excluding redevelopment properties is 3.8% (QTD / YTD).

Refer to Page 11 for current list of active and completed redevelopment properties.

Page 26

Weingarten Realty Investors

Total Net Operating Income by Geographic Region (1)

(at pro rata share)

(in thousands, except percentages)

	Six Months Ended June 30,								Twelve Months Ended December 31,
	2015		%		2014		%		2014		%		2013		%		2012		%		2011		%
West Region
California	$	33,565	17.8	%	$	33,459	17.3	%	$	66,510	17.2	%	$	63,885	16.7	%	$	59,163	15.0	%	$	53,618	13.2	%
Washington	1,574		0.8	%	1,418		0.7	%	2,925		0.8	%	2,547		0.7	%	2,048		0.5	%	1,978		0.5	%
Oregon	799		0.4	%	748		0.4	%	1,513		0.4	%	1,565		0.4	%	1,528		0.4	%	1,349		0.3	%
Total West Region	35,938		19.0	%	35,625		18.4	%	70,948		18.4	%	67,997		17.8	%	62,738		15.9	%	56,945		14.0	%
Mountain Region
Arizona	$	15,352	8.1	%	$	13,946	7.2	%	$	28,804	7.5	%	$	27,079	7.1	%	$	26,032	6.6	%	$	25,450	6.3	%
Nevada	15,073		7.9	%	14,805		7.7	%	30,238		7.8	%	28,334		7.4	%	30,094		7.6	%	30,525		7.5	%
Colorado	6,876		3.6	%	6,207		3.2	%	12,519		3.2	%	11,393		3.0	%	13,778		3.5	%	12,485		3.1	%
New Mexico	1,531		0.8	%	1,516		0.8	%	3,033		0.8	%	4,500		1.2	%	4,622		1.2	%	4,993		1.2	%
Utah	1,258		0.7	%	1,385		0.7	%	2,808		0.7	%	3,458		0.9	%	3,556		0.9	%	3,494		0.9	%
Total Mountain Region	40,089		21.1	%	37,859		19.6	%	77,401		20.0	%	74,764		19.6	%	78,082		19.8	%	76,947		19.0	%
Central Region
Texas	$	52,019	27.4	%	$	54,628	28.3	%	$	109,843	28.4	%	$	105,849	27.6	%	$	116,645	29.5	%	$	129,540	32.0	%
Arkansas	1,118		0.6	%	1,632		0.8	%	3,132		0.8	%	3,266		0.9	%	3,089		0.8	%	3,106		0.8	%
Louisiana	573		0.3	%	3,142		1.6	%	5,152		1.4	%	10,387		2.7	%	9,185		2.3	%	8,272		2.0	%
Oklahoma	260		0.1	%	332		0.2	%	632		0.2	%	682		0.2	%	921		0.2	%	1,083		0.3	%
Missouri	12		0.0	%	598		0.3	%	1,071		0.3	%	1,123		0.3	%	852		0.2	%	1,061		0.3	%
Illinois	—		0.0	%	—		0.0	%	—		0.0	%	—		0.0	%	2,464		0.6	%	2,556		0.6	%
Kansas	—		0.0	%	—		0.0	%	—		0.0	%	—		0.0	%	474		0.1	%	1,181		0.3	%
Total Central Region	53,982		28.4	%	60,333		31.2	%	119,830		31.1	%	121,307		31.7	%	133,629		33.7	%	146,799		36.3	%
Mid-Atlantic Region
North Carolina	$	10,188	5.5	%	$	10,732	5.6	%	$	20,602	5.3	%	$	23,123	6.0	%	$	25,074	6.3	%	$	25,656	6.3	%
Georgia	10,139		5.3	%	9,671		5.0	%	19,080		4.9	%	20,340		5.3	%	19,767		5.0	%	19,845		4.9	%
Tennessee	4,238		2.2	%	4,026		2.1	%	8,152		2.1	%	6,903		1.8	%	7,770		2.0	%	7,491		1.8	%
Kentucky	3,659		1.9	%	3,615		1.9	%	7,554		2.0	%	7,324		1.9	%	7,050		1.8	%	6,890		1.7	%
Maryland	2,285		1.2	%	1,874		1.0	%	4,025		1.0	%	2,965		0.8	%	1,063		0.3	%	—		0.0	%
Virginia	847		0.4	%	4		0.0	%	334		0.1	%	—		0.0	%	1,805		0.5	%	3,551		0.9	%
South Carolina	157		0.1	%	138		0.1	%	277		0.1	%	273		0.1	%	265		0.1	%	268		0.1	%
Maine	—		0.0	%	—		0.0	%	—		0.0	%	—		0.0	%	40		0.0	%	214		0.1	%
Total Mid-Atlantic Region	31,513		16.6	%	30,061		15.7	%	60,023		15.5	%	60,927		15.9	%	62,833		16.0	%	63,915		15.8	%
Southeast Region
Florida	$	28,275	14.9	%	$	29,140	15.1	%	$	58,029	15.0	%	$	57,443	15.0	%	$	57,620	14.6	%	$	60,361	14.9	%
Total Southeast Region	28,275		14.9	%	29,140		15.1	%	58,029		15.0	%	57,443		15.0	%	57,620		14.6	%	60,361		14.9	%
Total Net Operating Income	$	189,797	100.0	%	$	193,018	100.0	%	$	386,231	100.0	%	$	382,438	100.0	%	$	394,902	100.0	%	$	404,967	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 15% to 75% except for the operations of downreit 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 27

Property Listing

Weingarten Realty Investors

Summary Property Listing

As of June 30, 2015

		Gross Leasable Area
ALL PROPERTIES BY STATE	# of   Properties	WRI Owned	Joint Venture   Share	Owned   by Other	Total
Arizona	24	2,458,482	93,345	1,653,814	4,205,641
Arkansas	1	178,500	—	—	178,500
California	27	4,072,164	52,614	961,424	5,086,202
Colorado	9	999,003	536,139	1,210,338	2,745,481
Florida	34	4,094,102	1,861,726	1,303,638	7,259,466
Georgia	14	1,646,731	137,071	897,264	2,681,066
Kentucky	4	634,305	—	127,614	761,919
Louisiana	2	244,342	107,974	9,200	361,516
Maryland	2	94,123	—	—	94,123
Nevada	12	2,289,227	—	1,591,626	3,880,853
New Mexico	2	229,672	—	27,330	257,002
North Carolina	16	1,787,957	72,116	790,167	2,650,240
Oklahoma	1	128,231	—	—	128,231
Oregon	3	119,871	90,777	66,276	276,924
South Carolina	1	21,674	65,020	—	86,694
Tennessee	5	694,005	—	154,340	848,345
Texas	67	7,648,187	2,539,197	2,464,443	12,651,829
Utah	2	272,256	—	171,650	443,906
Virginia	1	154,889	—	—	154,889
Washington	5	203,048	298,609	65,346	567,003
Total	232	27,970,769	5,854,588	11,494,470	45,319,830

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.

(4) Denotes single tenant retail property.

( ) Retailers in parenthesis are not a part of the owned property.

Notes: Square feet is reflective of area available to be leased. Average Base Rent per Leased SF excludes ground leases.

Page 29

Weingarten Realty Investors

Property Listing

As of June 30, 2015

Center	CBSA		Owned %		Foot Notes	Owned GLA	Total GLA	Average Base Rent  (ABR)	Occupancy %		Grocer Anchor	Other Anchors      ( ) indicates owned by others
Operating Properties
Arizona
Mohave Crossroads	Lake Havasu City-Kingman, AZ		100.0	%		182,168	395,477	12.96	79.1	%		(Target), (Kohl's), PetSmart, Bed Bath & Beyond, Ross Dress for Less, 99 Cents Only
Arcadia Biltmore Plaza	Phoenix-Mesa-Scottsdale, AZ		100.0	%		21,122	21,122	N/A	100.0	%		Weingarten Realty Regional Office, Endurance Rehab
Arrowhead Festival S.C.	Phoenix-Mesa-Scottsdale, AZ		100.0	%		29,834	194,309	24.58	81.4	%		(Sports Authority), (Toys “R” Us), (Bed Bath & Beyond)
Broadway Marketplace	Phoenix-Mesa-Scottsdale, AZ		100.0	%		82,757	87,379	15.18	88.5	%		Office Max, Ace Hardware
Camelback Village Square	Phoenix-Mesa-Scottsdale, AZ		100.0	%		132,731	240,951	13.60	96.9	%	Fry’s Supermarket	Office Max
Desert Village	Phoenix-Mesa-Scottsdale, AZ		100.0	%		101,685	107,071	22.19	97.0	%	AJ Fine Foods	CVS
Fountain Plaza	Phoenix-Mesa-Scottsdale, AZ		100.0	%		113,536	305,588	9.27	94.9	%	Fry’s Supermarket	Dollar Tree, (Lowe's)
Laveen Village Market	Phoenix-Mesa-Scottsdale, AZ		100.0	%		39,763	318,805	27.97	100.0	%	(Fry’s Supermarket)	(Home Depot)
Monte Vista Village Center	Phoenix-Mesa-Scottsdale, AZ		100.0	%		45,751	108,551	23.98	93.3	%	(Safeway)
Palmilla Center	Phoenix-Mesa-Scottsdale, AZ		100.0	%		103,568	178,219	18.33	100.0	%	(Fry’s Supermarket)	Office Max, PetSmart, Dollar Tree
Pueblo Anozira	Phoenix-Mesa-Scottsdale, AZ		100.0	%		157,607	157,607	14.93	99.3	%	Fry’s Supermarket	Petco, Dollar Tree
Raintree Ranch	Phoenix-Mesa-Scottsdale, AZ		100.0	%		129,822	133,020	25.88	100.0	%	Whole Foods
Rancho Encanto	Phoenix-Mesa-Scottsdale, AZ		100.0	%		66,592	71,975	12.21	73.7	%		Smart & Final
Red Mountain Gateway	Phoenix-Mesa-Scottsdale, AZ		100.0	%		69,213	199,013	15.18	93.3	%		(Target), Bed Bath & Beyond, Famous Footwear
Scottsdale Horizon	Phoenix-Mesa-Scottsdale, AZ		100.0	%		155,006	155,006	16.76	94.5	%	Safeway	CVS
Squaw Peak Plaza	Phoenix-Mesa-Scottsdale, AZ		100.0	%		60,728	60,728	17.73	100.0	%	Sprouts Farmers Market
Summit at Scottsdale	Phoenix-Mesa-Scottsdale, AZ		51.0	%	(1)(3)	97,154	322,999	17.07	97.1	%	Safeway	(Target), CVS, Office Max, PetSmart
The Shoppes at Parkwood Ranch	Phoenix-Mesa-Scottsdale, AZ		100.0	%		92,626	106,738	12.58	100.0	%		Hobby Lobby, Dollar Tree
Valley Plaza	Phoenix-Mesa-Scottsdale, AZ		100.0	%		146,226	154,588	11.35	94.7	%	US Foods	Ross Dress for Less
Entrada de Oro	Tucson, AZ		100.0	%		88,665	109,075	18.06	97.7	%	Walmart Neighborhood Market
Madera Village	Tucson, AZ		100.0	%		96,697	106,858	12.29	99.0	%	Safeway	Dollar Tree
Oracle Crossings	Tucson, AZ		100.0	%		251,194	261,194	17.80	99.2	%	Sprouts Farmers Market	Kohl's, Home Goods
Oracle Wetmore	Tucson, AZ		100.0	%		150,109	343,237	24.73	94.2	%		(Home Depot), (Nordstrom Rack), Jo Ann Fabric, Cost Plus, PetSmart, Walgreens, Ulta Beauty
Shoppes at Bears Path	Tucson, AZ		100.0	%		43,928	66,131	16.46	77.0	%		(CVS Drug)
Arizona Total:	# of Properties:	24				2,458,482	4,205,641	16.61	94.5	%
Arkansas
Markham West	Little Rock-North Little Rock-Conway, AR		100.0	%		178,500	178,500	10.42	100.0	%		Academy, Office Depot, Michaels, Dollar Tree
Arkansas Total:	# of Properties:	1				178,500	178,500	10.42	100.0	%
California
8000 Sunset Strip Shopping Center	Los Angeles-Long Beach-Anaheim, CA		100.0	%		169,797	169,797	40.32	96.7	%	Trader Joe's	Crunch, Sundance Cinemas, CB2
Buena Vista Marketplace	Los Angeles-Long Beach-Anaheim, CA		100.0	%		90,805	90,805	23.35	95.6	%	Ralph's	Dollar Tree
Centerwood Plaza	Los Angeles-Long Beach-Anaheim, CA		100.0	%		75,486	75,486	13.93	100.0	%	Superior Grocers	Dollar Tree
Westminster Center	Los Angeles-Long Beach-Anaheim, CA		100.0	%		417,567	440,437	18.45	97.1	%	Albertsons	Home Depot, Ross Dress for Less, Petco, Rite Aid, Dollar Tree, 24 Hour Fitness
Hallmark Town Center	Madera, CA		100.0	%		85,066	98,359	13.42	96.4	%	Food 4 Less

Page 30

Weingarten Realty Investors

Property Listing

As of June 30, 2015

Center	CBSA		Owned %		Foot Notes	Owned GLA	Total GLA	Average Base Rent  (ABR)	Occupancy %		Grocer Anchor	Other Anchors      ( ) indicates owned by others
Marshalls Plaza	Modesto, CA		100.0	%		78,752	85,952	15.50	90.3	%		Marshalls, Dress Barn, Guitar Center
Chino Hills Marketplace	Riverside-San Bernardino-Ontario, CA		100.0	%		310,920	310,920	20.67	91.9	%	Haggen	Dollar Tree, 24 Hour Fitness, Rite Aid
Jess Ranch Marketplace	Riverside-San Bernardino-Ontario, CA		100.0	%		208,656	307,826	19.19	97.3	%	(Winco Foods)	Burlington Coat Factory, PetSmart, Rite Aid, Big 5
Jess Ranch Phase III	Riverside-San Bernardino-Ontario, CA		100.0	%		184,809	194,342	21.02	97.0	%	(Winco Foods)	Best Buy, Cinemark Theatres, Bed Bath & Beyond, 24 Hour Fitness
Menifee Town Center	Riverside-San Bernardino-Ontario, CA		100.0	%		124,431	258,734	16.76	99.2	%	Ralph's	Ross Dress for Less, Dollar Tree
Stoneridge Town Centre	Riverside-San Bernardino-Ontario, CA		67.0	%	(1)(3)	106,821	434,450	23.45	73.1	%	(Super Target)	(Kohl's)
Discovery Plaza	Sacramento--Roseville--Arden-Arcade, CA		100.0	%		93,398	93,398	17.13	96.1	%	Bel Air Market
Prospectors Plaza	Sacramento--Roseville--Arden-Arcade, CA		100.0	%		243,907	252,521	19.68	97.2	%	SaveMart	Kmart, CVS, Ross
Summerhill Plaza	Sacramento--Roseville--Arden-Arcade, CA		100.0	%		128,835	128,835	11.72	92.4	%	Raley’s	Dollar Tree
Valley	Sacramento--Roseville--Arden-Arcade, CA		100.0	%		98,240	107,005	19.02	91.4	%	Raley's
El Camino Promenade	San Diego-Carlsbad, CA		100.0	%		129,676	129,676	24.12	95.7	%		T.J. Maxx, Staples, Dollar Tree
Rancho San Marcos Village	San Diego-Carlsbad, CA		100.0	%		120,368	134,628	19.68	96.1	%	Haggen	24 Hour Fitness
San Marcos Plaza	San Diego-Carlsbad, CA		100.0	%		35,880	81,086	33.18	84.4	%	(Albertsons)
580 Market Place	San Francisco-Oakland-Hayward, CA		100.0	%		100,097	100,097	29.88	100.0	%	Safeway	24 Hour Fitness, Petco
Fremont Gateway Plaza	San Francisco-Oakland-Hayward, CA		100.0	%		194,601	352,690	23.10	99.2	%	Raley’s	24 Hour Fitness
Greenhouse Marketplace	San Francisco-Oakland-Hayward, CA		100.0	%		146,658	236,427	20.70	93.9	%	(Safeway)	(CVS), Jo-Ann Fabrics, 99 Cents Only, Factory 2 U, Petco
Cambrian Park Plaza	San Jose-Sunnyvale-Santa Clara, CA		100.0	%		170,618	170,618	15.09	96.2	%		Beverages & More, Dollar Tree, Cambrian Bowl
Silver Creek Plaza	San Jose-Sunnyvale-Santa Clara, CA		100.0	%		132,925	202,820	24.55	100.0	%	Safeway	Walgreens, (Orchard Supply)
Freedom Centre	Santa Cruz-Watsonville, CA		100.0	%		150,865	150,865	15.17	100.0	%	Safeway	Rite Aid, Big Lots
Stony Point Plaza	Santa Rosa, CA		100.0	%		194,569	200,011	14.50	100.0	%	Food Maxx	Ross Dress for Less, Fallas Paredes
Creekside Center	Vallejo-Fairfield, CA		100.0	%		115,991	115,991	19.59	93.5	%	Raley’s
Southampton Center	Vallejo-Fairfield, CA		100.0	%		162,426	162,426	19.49	99.2	%	Raley’s	Ace Hardware, Dollar Tree
California Total:	# of Properties:	27				4,072,164	5,086,202	20.33	95.8	%
Colorado
Aurora City Place	Denver-Aurora-Lakewood, CO		50.0	%	(1)(3)	180,478	542,956	15.94	95.8	%	(Super Target)	Sports Authority, Barnes & Noble, Ross Dress For Less, PetSmart
Cherry Creek	Denver-Aurora-Lakewood, CO		100.0	%		78,148	272,658	25.95	100.0	%	(Super Target)	Sports Authority, PetSmart
CityCenter Englewood	Denver-Aurora-Lakewood, CO		51.0	%	(1)(3)	136,846	358,326	16.04	91.7	%		(Walmart), Ross Dress for Less, Petco, Office Depot, 24 Hour Fitness
Crossing at Stonegate	Denver-Aurora-Lakewood, CO		51.0	%	(1)(3)	55,632	109,082	16.15	100.0	%	King Sooper’s
Edgewater Marketplace	Denver-Aurora-Lakewood, CO		100.0	%		144,553	270,548	11.36	98.0	%	King Sooper's	Ace Hardware, (Target)
Green Valley Ranch Towne Center	Denver-Aurora-Lakewood, CO		50.0	%	(1)(3)	28,440	114,881	21.46	100.0	%	(King Sooper’s)
Lowry Town Center	Denver-Aurora-Lakewood, CO		50.0	%	(1)(3)	38,349	129,398	26.54	95.4	%	(Albertsons)
River Point at Sheridan	Denver-Aurora-Lakewood, CO		100.0	%		228,372	561,505	14.70	95.3	%		(Target), (Costco), Regal Cinema, Michaels, Conn's
Thorncreek Crossing	Denver-Aurora-Lakewood, CO		51.0	%	(1)(3)	108,185	386,127	16.96	100.0	%	Sprouts Farmers Market, (Super Target)	Barnes & Noble, Cost Plus, Michaels, OfficeMax, Dollar Tree
Colorado Total:	# of Properties:	9				999,003	2,745,481	16.73	96.6	%
Florida
Argyle Village	Jacksonville, FL		100.0	%		306,505	306,505	11.13	97.8	%	Publix	Bed Bath & Beyond, T.J. Maxx, Babies “R” Us, Jo-Ann’s Fabrics, Michaels
Atlantic West	Jacksonville, FL		50.0	%	(1)(3)	42,284	180,578	13.47	100.0	%	(Walmart Supercenter)	T.J. Maxx, Dollar Tree, Shoe Carnival, (Kohl's)

Page 31

Weingarten Realty Investors

Property Listing

As of June 30, 2015

Center	CBSA		Owned %		Foot Notes	Owned GLA	Total GLA	Average Base Rent  (ABR)	Occupancy %		Grocer Anchor	Other Anchors      ( ) indicates owned by others
Epic Village - St. Augustine	Jacksonville, FL		70.0	%	(1)	8,542	64,180	16.12	78.5	%		(Epic Theaters)
Kernan Village	Jacksonville, FL		50.0	%	(1)(3)	42,579	288,780	16.75	98.4	%	(Walmart Supercenter)	Ross Dress for Less, Petco
Flamingo Pines	Miami-Fort Lauderdale et al, FL		20.0	%	(1)(3)	25,373	148,840	17.64	98.4	%	Publix
Boca Lyons	Miami-Fort Lauderdale-West Palm Beach, FL		100.0	%		117,423	117,423	22.56	99.1	%	4th Generation Market	Ross Dress for Less
Embassy Lakes	Miami-Fort Lauderdale-West Palm Beach, FL		100.0	%		131,723	179,937	13.88	97.4	%	Winn Dixie	Tuesday Morning, Dollar Tree
Flamingo Pines	Miami-Fort Lauderdale-West Palm Beach, FL		100.0	%		139,462	266,761	21.64	93.2	%	(Walmart Supercenter)	U.S. Post Office, Florida Technical College
Hollywood Hills Plaza	Miami-Fort Lauderdale-West Palm Beach, FL		20.0	%	(1)(3)	72,284	405,145	19.80	99.1	%	Publix	Target, CVS
Northridge	Miami-Fort Lauderdale-West Palm Beach, FL		20.0	%	(1)(3)	46,720	236,628	17.38	95.4	%	Publix	Petco, Ross Dress for Less, Dollar Tree
Pembroke Commons	Miami-Fort Lauderdale-West Palm Beach, FL		20.0	%	(1)(3)	59,201	316,262	14.88	97.9	%	Publix	Marshalls, Office Depot, LA Fitness, Dollar Tree
Sea Ranch Centre	Miami-Fort Lauderdale-West Palm Beach, FL		100.0	%		98,950	98,950	17.12	90.1	%	Publix	CVS, Dollar Tree
Sunrise West Shopping Center	Miami-Fort Lauderdale-West Palm Beach, FL		25.0	%	(1)(3)	19,080	84,597	14.01	86.0	%	Publix
Tamiami Trail Shops	Miami-Fort Lauderdale-West Palm Beach, FL		20.0	%	(1)(3)	22,173	132,564	16.22	96.0	%	Publix	CVS
TJ Maxx Plaza	Miami-Fort Lauderdale-West Palm Beach, FL		100.0	%		161,429	161,429	16.05	97.2	%	Winn Dixie	T.J. Maxx, Dollar Tree
Vizcaya Square	Miami-Fort Lauderdale-West Palm Beach, FL		100.0	%		110,081	110,081	15.82	98.1	%	Winn Dixie
Wellington Green Commons	Miami-Fort Lauderdale-West Palm Beach, FL		100.0	%		96,774	96,774	25.80	100.0	%	Whole Foods Market
Wellington Green Pad Sites	Miami-Fort Lauderdale-West Palm Beach, FL		100.0	%		15,580	38,080	30.59	100.0	%
Clermont Landing	Orlando-Kissimmee-Sanford, FL		65.1	%	(1)(3)	114,291	345,280	16.85	94.6	%		(J.C. Penney), (Epic Theater), T.J. Maxx, Ross Dress for Less, Michaels
Colonial Plaza	Orlando-Kissimmee-Sanford, FL		100.0	%		498,894	498,894	14.16	98.9	%		Staples, Ross Dress for Less, Marshalls, Old Navy, Stein Mart, Barnes & Noble, Petco, Big Lots, Hobby Lobby
Marketplace at Seminole Towne Center	Orlando-Kissimmee-Sanford, FL		100.0	%		318,610	500,523	15.35	97.3	%	(Super Target)	Marshalls, Ross Dress for Less, Old Navy, Sports Authority, Petco
Phillips Crossing	Orlando-Kissimmee-Sanford, FL		100.0	%		145,644	145,644	27.75	100.0	%	Whole Foods	Golf Galaxy, Michaels
The Marketplace at Dr. Phillips	Orlando-Kissimmee-Sanford, FL		20.0	%	(1)(3)	65,378	326,890	22.48	98.7	%	Publix	Stein Mart, Home Goods, Morton's of Chicago, Office Depot
The Shoppes at South Semoran	Orlando-Kissimmee-Sanford, FL		100.0	%		101,611	101,611	12.15	100.0	%	Walmart Neighborhood Market	Dollar Tree
Winter Park Corners	Orlando-Kissimmee-Sanford, FL		100.0	%		102,382	102,382	20.60	100.0	%	Whole Foods Market
Indian Harbour Place	Palm Bay-Melbourne-Titusville, FL		25.0	%	(1)(3)	40,880	177,471	11.91	94.1	%	Publix	Bealls
Pineapple Commons	Port St. Lucie, FL		20.0	%	(1)(3)	50,023	264,468	15.43	100.0	%		Ross Dress for Less, Best Buy, PetSmart, Marshalls, (CVS)
Quesada Commons	Punta Gorda, FL		25.0	%	(1)(3)	14,722	58,890	13.47	95.4	%	Publix	(Walgreens)
Shoppes of Port Charlotte	Punta Gorda, FL		25.0	%	(1)(3)	10,253	63,108	19.00	93.2	%	(Publix)	Petco, (Walgreens)
Countryside Centre	Tampa-St. Petersburg-Clearwater, FL		100.0	%		248,253	248,253	14.48	95.2	%		T.J. Maxx, Home Goods, Dick's Sporting Goods, Ross Dress for Less
East Lake Woodlands	Tampa-St. Petersburg-Clearwater, FL		20.0	%	(1)(3)	23,113	115,566	12.92	92.6	%	Walmart Neighborhood Market	Walgreens
Largo Mall	Tampa-St. Petersburg-Clearwater, FL		100.0	%		376,957	610,044	16.32	94.4	%	(Albertsons)	Bealls, Marshalls, PetSmart, Bed Bath & Beyond, Staples, Michaels, (Target)
Palms of Carrollwood	Tampa-St. Petersburg-Clearwater, FL		100.0	%		154,118	154,118	14.09	89.7	%	The Fresh Market	Bed Bath & Beyond
Sunset 19	Tampa-St. Petersburg-Clearwater, FL		100.0	%		275,910	275,910	12.73	86.2	%		Bed Bath & Beyond, Staples, Barnes & Noble, Sports Authority, Old Navy
Whole Foods @ Carrollwood	Tampa-St. Petersburg-Clearwater, FL		100.0	%	(4)	36,900	36,900	N/A	100.0	%	Whole Foods Market
Florida Total:	# of Properties:	34				4,094,102	7,259,466	16.27	96.1	%
Georgia
Brookwood Marketplace	Atlanta-Sandy Springs-Roswell, GA		100.0	%		199,594	397,295	18.40	99.0	%	(Super Target)	Home Depot, Bed Bath & Beyond, Office Max

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Weingarten Realty Investors

Property Listing

As of June 30, 2015

Center	CBSA		Owned %		Foot Notes	Owned GLA	Total GLA	Average Base Rent  (ABR)	Occupancy %		Grocer Anchor	Other Anchors      ( ) indicates owned by others
Brookwood Square	Atlanta-Sandy Springs-Roswell, GA		100.0	%		181,333	181,333	10.96	87.1	%		Marshalls, LA Fitness
Brownsville Commons	Atlanta-Sandy Springs-Roswell, GA		100.0	%		27,747	81,913	19.90	79.5	%	(Kroger)
Camp Creek Marketplace II	Atlanta-Sandy Springs-Roswell, GA		100.0	%		196,283	228,003	14.25	100.0	%		DSW, LA Fitness, Shopper's World, American Signature
Dallas Commons	Atlanta-Sandy Springs-Roswell, GA		100.0	%		25,158	95,262	23.92	100.0	%	(Kroger)
Grayson Commons	Atlanta-Sandy Springs-Roswell, GA		100.0	%		76,611	76,611	14.57	92.5	%	Kroger
Lakeside Marketplace	Atlanta-Sandy Springs-Roswell, GA		100.0	%		137,693	332,889	16.25	100.0	%	(Super Target)	Ross Dress for Less, Petco
Mansell Crossing	Atlanta-Sandy Springs-Roswell, GA		20.0	%	(1)(3)	20,586	102,931	12.95	100.0	%		buybuy BABY, Ross Dress for Less, Rooms to Go
Perimeter Village	Atlanta-Sandy Springs-Roswell, GA		100.0	%		380,686	380,686	19.64	99.2	%	Walmart Supercenter	Cost Plus World Market, DSW, Hobby Lobby
Publix at Princeton Lakes	Atlanta-Sandy Springs-Roswell, GA		20.0	%	(1)(3)	13,681	72,207	16.91	100.0	%	Publix
Reynolds Crossing	Atlanta-Sandy Springs-Roswell, GA		100.0	%		45,758	115,983	25.22	100.0	%	(Kroger)
Roswell Corners	Atlanta-Sandy Springs-Roswell, GA		100.0	%		136,622	318,387	18.72	94.4	%	(Super Target), Fresh Market	T.J. Maxx
Roswell Crossing	Atlanta-Sandy Springs-Roswell, GA		100.0	%		201,979	201,979	14.73	94.9	%	Trader Joe's	Office Max, PetSmart, Walgreens
Thompson Bridge Commons	Gainesville, GA		100.0	%	(4)	3,000	95,587	N/A	100.0	%	(Kroger)
Georgia Total:	# of Properties:	14				1,646,731	2,681,066	16.51	96.5	%
Kentucky
Millpond Center	Lexington-Fayette, KY		100.0	%		124,498	151,498	10.63	90.2	%	Kroger
Regency Shopping Centre	Lexington-Fayette, KY		100.0	%		142,738	188,782	14.29	86.4	%	(Kroger)	T.J. Maxx, Michaels
Tates Creek	Lexington-Fayette, KY		100.0	%		198,372	203,532	13.67	98.2	%	Kroger	Rite Aid
Festival at Jefferson Court	Louisville/Jefferson County, KY-IN		100.0	%		168,697	218,107	13.11	93.6	%	Kroger	(PetSmart), (TJ Maxx), Staples, Party City
Kentucky Total:	# of Properties:	4				634,305	761,919	13.08	92.7	%
Louisiana
K-Mart Plaza	Lake Charles, LA		50.0	%	(1)(3)	107,974	225,148	9.33	100.0	%	Albertsons	Kmart, Dollar Tree, Planet Fitness
Danville Plaza	Monroe, LA		100.0	%		136,368	136,368	5.95	96.3	%	County Market	Citi Trends, Surplus Warehouse
Louisiana Total:	# of Properties:	2				244,342	361,516	6.34	97.9	%
Maryland
Pike Center	Washington-Arlington-Alexandria, DC-VA-MD-WV		100.0	%		80,841	80,841	58.12	96.3	%		Pier 1, Ethan Allen
Maryland Total:	# of Properties:	1				80,841	80,841	58.12	96.3	%
Nevada
Best in the West	Las Vegas-Henderson-Paradise, NV		100.0	%		428,066	428,066	16.80	100.0	%		Best Buy, T. J. Maxx, Babies "R" Us, Bed Bath & Beyond, Petsmart, Office Depot
Charleston Commons	Las Vegas-Henderson-Paradise, NV		100.0	%		332,298	366,952	16.56	98.8	%	Walmart	Ross Dress for Less, Office Max, 99 Cents Only, PetSmart
College Park S.C.	Las Vegas-Henderson-Paradise, NV		100.0	%		167,654	195,367	12.13	92.9	%	El Super	Factory 2 U, CVS
Decatur 215	Las Vegas-Henderson-Paradise, NV		100.0	%		77,678	304,720	11.96	100.0	%	(WinCo Foods)	(Target), Hobby Lobby, Ross Dress for Less
Eastern Horizon	Las Vegas-Henderson-Paradise, NV		100.0	%		65,848	353,538	21.16	85.8	%	Trader Joe's, (Kmart)
Francisco Centre	Las Vegas-Henderson-Paradise, NV		100.0	%		116,973	148,815	11.27	90.4	%	La Bonita Grocery	(Ross Dress for Less), Fallas Paredes
Paradise Marketplace	Las Vegas-Henderson-Paradise, NV		100.0	%		78,077	152,672	18.62	89.1	%	(Smith’s Food)	Dollar Tree
Rainbow Plaza	Las Vegas-Henderson-Paradise, NV		100.0	%		273,916	273,916	13.64	97.2	%	Albertsons	Ross Dress for Less, JC Penney, Home Depot, 24 Hour Fitness
Rainbow Plaza, Phase I	Las Vegas-Henderson-Paradise, NV		100.0	%		136,339	136,339	13.66	90.0	%	Albertsons	Ross Dress for Less, JC Penney, Home Depot, 24 Hour Fitness

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Weingarten Realty Investors

Property Listing

As of June 30, 2015

Center	CBSA		Owned %		Foot Notes	Owned GLA	Total GLA	Average Base Rent  (ABR)	Occupancy %		Grocer Anchor	Other Anchors      ( ) indicates owned by others
Rancho Towne & Country	Las Vegas-Henderson-Paradise, NV		100.0	%		84,711	161,837	12.83	100.0	%	Smith’s Food
Tropicana Beltway	Las Vegas-Henderson-Paradise, NV		100.0	%		246,483	617,821	19.81	96.1	%	(Walmart Supercenter)	(Lowe’s), Ross Dress for Less, PetSmart, Office Depot, 99 Cents Only
Tropicana Marketplace	Las Vegas-Henderson-Paradise, NV		100.0	%		69,429	142,597	20.17	77.7	%	(Smith’s Food)	Family Dollar
Westland Fair	Las Vegas-Henderson-Paradise, NV		100.0	%		211,755	598,213	17.34	93.9	%	(Walmart Supercenter)	(Lowe’s), PetSmart, Office Depot, Michaels, Anna's Linens
Nevada Total:	# of Properties:	12				2,289,227	3,880,853	15.81	95.4	%
New Mexico
Eastdale	Albuquerque, NM		100.0	%		117,006	117,006	7.49	94.0	%	Albertsons	Family Dollar
North Towne Plaza	Albuquerque, NM		100.0	%		112,666	139,996	21.14	99.9	%	Whole Foods Market	Home Goods
New Mexico Total:	# of Properties:	2				229,672	257,002	14.32	96.9	%
North Carolina
Galleria	Charlotte-Concord-Gastonia, NC-SC		100.0	%		120,674	328,276	16.28	92.5	%	(Walmart Supercenter)	Off Broadway Shoes
Whitehall Commons	Charlotte-Concord-Gastonia, NC-SC		100.0	%		42,183	444,803	25.78	96.7	%	(Walmart Supercenter), (Publix)	(Lowe's)
Bull City Market	Durham-Chapel Hill, NC		100.0	%		40,875	40,875	18.56	100.0	%	Whole Foods Market
Chatham Crossing	Durham-Chapel Hill, NC		25.0	%	(1)(3)	24,039	96,155	12.95	90.6	%	Lowes Foods	CVS
Hope Valley Commons	Durham-Chapel Hill, NC		100.0	%		81,371	81,371	25.19	98.3	%	Harris Teeter
Avent Ferry	Raleigh, NC		100.0	%		119,652	119,652	18.78	99.0	%	Food Lion	Family Dollar
Capital Square	Raleigh, NC		100.0	%		143,063	143,063	7.72	100.0	%	Food Lion
Falls Pointe	Raleigh, NC		100.0	%		112,199	198,549	16.91	98.9	%	Harris Teeter	(Kohl’s)
High House Crossing	Raleigh, NC		100.0	%		90,155	90,155	14.55	100.0	%	Harris Teeter
Leesville Town Centre	Raleigh, NC		100.0	%		127,106	127,106	19.39	92.6	%	Harris Teeter	Rite Aid
Northwoods Market	Raleigh, NC		100.0	%		77,802	77,802	10.95	88.1	%	Walmart Neighborhood Market	Dollar Tree
Six Forks Station	Raleigh, NC		100.0	%		467,902	467,902	10.72	98.9	%	Food Lion	Kmart, Home Depot, Bed Bath & Beyond, PetSmart
Stonehenge Market	Raleigh, NC		100.0	%		188,437	188,437	13.01	100.0	%	Harris Teeter	Stein Mart, Rite Aid
Surf City Crossing	Wilmington, NC		100.0	%		63,016	63,016	20.00	91.1	%	Harris Teeter
Waterford Village	Wilmington, NC		100.0	%		89,483	89,483	20.30	100.0	%	Harris Teeter
North Carolina Total:	# of Properties:	15				1,787,957	2,556,645	14.47	97.4	%
Oklahoma
Town and Country	Oklahoma City, OK		100.0	%		128,231	128,231	7.18	92.2	%		Big Lots, Westlake Hardware, Aaron Rents, Ross Dress for Less
Oklahoma Total:	# of Properties:	1				128,231	128,231	7.18	92.2	%
Oregon
Clackamas Square	Portland-Vancouver-Hillsboro, OR-WA		20.0	%	(1)(3)	14,790	140,227	18.61	91.6	%	(Winco Foods)	T.J. Maxx
Oak Grove Market Center	Portland-Vancouver-Hillsboro, OR-WA		100.0	%		97,177	97,177	13.24	97.0	%	Safeway
Raleigh Hills Plaza	Portland-Vancouver-Hillsboro, OR-WA		20.0	%	(1)(3)	7,904	39,520	25.71	100.0	%	New Seasons Market	Walgreens
Oregon Total:	# of Properties:	3				119,871	276,924	14.75	96.6	%

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Weingarten Realty Investors

Property Listing

As of June 30, 2015

Center	CBSA		Owned %		Foot Notes	Owned GLA	Total GLA	Average Base Rent  (ABR)	Occupancy %		Grocer Anchor	Other Anchors      ( ) indicates owned by others
South Carolina
Fresh Market Shoppes	Hilton Head Island-Bluffton-Beaufort, SC		25.0	%	(1)(3)	21,674	86,694	15.44	92.7	%	The Fresh Market	Dollar Tree
South Carolina Total:	# of Properties:	1				21,674	86,694	15.44	92.7	%
Tennessee
Bartlett Towne Center	Memphis, TN-MS-AR		100.0	%		192,624	192,624	11.87	99.0	%	Kroger	Petco, Dollar Tree, Shoe Carnival
Commons at Dexter Lake	Memphis, TN-MS-AR		100.0	%		166,958	178,558	9.45	93.9	%	Kroger	Stein Mart, Marshalls, HomeGoods
Commons at Dexter Lake Phase II	Memphis, TN-MS-AR		100.0	%		61,838	66,838	13.68	92.7	%	Kroger	Stein Mart, Marshalls, HomeGoods
Highland Square	Memphis, TN-MS-AR		100.0	%	(4)	14,490	14,490	N/A	100.0	%		Walgreens
Mendenhall Commons	Memphis, TN-MS-AR		100.0	%		88,108	88,108	11.48	97.4	%	Kroger
Ridgeway Trace	Memphis, TN-MS-AR		100.0	%		169,987	307,727	21.05	94.8	%		(Target), Best Buy, Sports Authority, PetSmart
Tennessee Total:	# of Properties:	5				694,005	848,345	13.59	96.0	%
Texas
Bell Plaza	Amarillo, TX		15.0	%	(1)	19,595	130,631	14.48	81.7	%	United Supermarket	Dollar Tree
Mueller Regional Retail Center	Austin-Round Rock, TX		100.0	%		351,099	351,099	16.37	96.9	%		Marshalls, PetSmart, Bed Bath & Beyond, Home Depot, Best Buy
North Park Plaza	Beaumont-Port Arthur, TX		50.0	%	(1)(3)	69,863	302,260	15.38	94.3	%		(Target), (Toys “R” Us), Anna's Linens, Spec's, Kirkland's
North Towne Plaza	Brownsville-Harlingen, TX		100.0	%		35,846	152,846	21.50	43.5	%		(Lowe's)
Moore Plaza	Corpus Christi, TX		100.0	%		371,443	599,415	15.10	99.0	%	(H-E-B)	Office Depot, Marshalls, (Target), Old Navy, Hobby Lobby, Stein Mart
Boswell Towne Center	Dallas-Fort Worth-Arlington, TX		100.0	%		26,088	88,008	24.57	90.8	%	(Albertsons)
Gateway Station	Dallas-Fort Worth-Arlington, TX		70.0	%	(1)	56,766	81,095	11.61	85.3	%		Conn's
Overton Park Plaza	Dallas-Fort Worth-Arlington, TX		100.0	%		353,431	463,431	14.47	100.0	%	Sprouts Farmers Market	Sports Authority, PetSmart, T.J. Maxx, (Home Depot), Goody Goody Wines, Anna’s Linens, buybuy BABY
Preston Shepard Place	Dallas-Fort Worth-Arlington, TX		20.0	%	(1)(3)	72,366	361,832	16.09	99.6	%		Babies "R" Us, Stein Mart, Nordstrom, Marshalls, Office Depot, Petco
HEB - Dairy Ashford & Memorial	Houston-Baytown-Sugar Land, TX		100.0	%	(4)	36,874	36,874	N/A	100.0	%	H-E-B
10/Federal	Houston-The Woodlands-Sugar Land, TX		15.0	%	(1)	19,871	132,472	8.71	100.0	%	Sellers Bros.	Palais Royal, Harbor Freight Tools
1919 North Loop West	Houston-The Woodlands-Sugar Land, TX		100.0	%		138,081	138,081	N/A	75.4	%		State of Texas
Alabama-Shepherd	Houston-The Woodlands-Sugar Land, TX		100.0	%		59,120	59,120	21.85	100.0	%	Trader Joe's	PetSmart
Baybrook Gateway	Houston-The Woodlands-Sugar Land, TX		100.0	%		240,537	240,537	17.68	64.4	%		Ashley Furniture, Cost Plus World Market, Barnes & Noble, Michael's
Bellaire Boulevard	Houston-The Woodlands-Sugar Land, TX		100.0	%		35,081	41,273	28.12	100.0	%	Randall’s
Blalock Market at I-10	Houston-The Woodlands-Sugar Land, TX		100.0	%		97,277	97,277	16.34	100.0	%	99 Ranch Market
Braeswood Square	Houston-The Woodlands-Sugar Land, TX		100.0	%		104,778	104,778	13.61	98.3	%	Belden’s	Walgreens
Broadway	Houston-The Woodlands-Sugar Land, TX		15.0	%	(1)	11,191	74,604	8.18	92.1	%		Big Lots, Family Dollar
Centre at Post Oak	Houston-The Woodlands-Sugar Land, TX		100.0	%		183,940	183,940	31.95	98.3	%		Marshalls, Old Navy, Grand Lux Café, Nordstrom Rack, Arhaus
Citadel Plaza	Houston-The Woodlands-Sugar Land, TX		100.0	%		121,000	121,000	N/A	100.0	%		Weingarten Realty Investors Corporate Office
Cullen Plaza	Houston-The Woodlands-Sugar Land, TX		15.0	%	(1)	12,678	84,517	11.45	100.0	%	Fiesta	Family Dollar
Cypress Pointe	Houston-The Woodlands-Sugar Land, TX		100.0	%		186,721	283,381	9.77	96.9	%	Kroger	Babies “R” Us
Fiesta Village	Houston-The Woodlands-Sugar Land, TX		15.0	%	(1)	4,537	30,249	8.81	100.0	%	Fiesta

Page 35

Weingarten Realty Investors

Property Listing

As of June 30, 2015

Center	CBSA	Owned %		Foot Notes	Owned GLA	Total GLA	Average Base Rent  (ABR)	Occupancy %		Grocer Anchor	Other Anchors      ( ) indicates owned by others
Galveston Place	Houston-The Woodlands-Sugar Land, TX	100.0	%		210,370	210,370	11.10	99.5	%	Randall’s	Office Depot, Palais Royal, Spec's
Glenbrook Square	Houston-The Woodlands-Sugar Land, TX	15.0	%	(1)	11,684	77,890	9.67	97.3	%	Kroger
Griggs Road	Houston-The Woodlands-Sugar Land, TX	15.0	%	(1)	12,017	80,116	12.72	82.0	%		99 Cents Only, Family Dollar, Citi Trends
Harrisburg Plaza	Houston-The Woodlands-Sugar Land, TX	15.0	%	(1)	14,016	93,438	18.99	91.3	%		Fallas Paredes
Heights Plaza	Houston-The Woodlands-Sugar Land, TX	100.0	%		71,277	71,277	8.89	100.0	%	Kroger
Humblewood Shopping Plaza	Houston-The Woodlands-Sugar Land, TX	100.0	%		180,226	279,226	18.05	96.8	%		Conn’s, Walgreens, (Michaels), (DSW)
I-45/Telephone Rd. Center	Houston-The Woodlands-Sugar Land, TX	15.0	%	(1)	25,740	171,599	12.52	100.0	%	Sellers Bros.	Famsa, Fallas Paredes, Harbor Freight Tools
Lawndale	Houston-The Woodlands-Sugar Land, TX	15.0	%	(1)	7,819	52,127	11.19	100.0	%		LaMichoacana Meat Market, Family Dollar, 99 Cents Only
League City Plaza	Houston-The Woodlands-Sugar Land, TX	15.0	%	(1)	19,048	126,990	13.21	95.6	%	Kroger
Little York Plaza	Houston-The Woodlands-Sugar Land, TX	15.0	%	(1)	17,082	113,878	9.63	96.0	%	Sellers Bros.	Fallas Paredes
Lyons Avenue	Houston-The Woodlands-Sugar Land, TX	15.0	%	(1)	10,144	67,629	7.93	100.0	%	Fiesta	Fallas Paredes
Market at Town Center	Houston-The Woodlands-Sugar Land, TX	100.0	%		388,865	388,865	19.68	96.6	%		Old Navy, Home Goods, Marshalls, Ross Dress for Less, Nordstrom Rack, Saks Fifth Avenue OFF 5TH
Market at Westchase	Houston-The Woodlands-Sugar Land, TX	100.0	%		84,084	84,084	19.23	88.9	%	Whole Foods Market
Northbrook Center	Houston-The Woodlands-Sugar Land, TX	100.0	%		173,288	173,288	14.13	97.4	%	Randall’s	Office Depot, Citi Trends, Anna’s Linens, Dollar Tree
Oak Forest	Houston-The Woodlands-Sugar Land, TX	100.0	%		154,172	154,172	14.40	99.1	%	Kroger	Ross Dress for Less, Dollar Tree, Petsmart
Palmer Plaza	Houston-The Woodlands-Sugar Land, TX	100.0	%		95,251	195,231	10.02	97.5	%		Dollar Tree
Randall's/Kings Crossing	Houston-The Woodlands-Sugar Land, TX	100.0	%		126,397	126,397	16.96	99.5	%	Randall’s	CVS
Richmond Square	Houston-The Woodlands-Sugar Land, TX	100.0	%		92,356	92,356	21.54	100.0	%		Best Buy, Cost Plus
River Oaks East	Houston-The Woodlands-Sugar Land, TX	100.0	%		71,265	71,265	31.25	100.0	%	Kroger
River Oaks West	Houston-The Woodlands-Sugar Land, TX	100.0	%		247,673	247,673	31.25	93.0	%	Kroger	Barnes & Noble, Talbots, Ann Taylor, Gap, JoS. A. Bank
Shoppes at Memorial Villages	Houston-The Woodlands-Sugar Land, TX	100.0	%		184,354	184,354	11.16	95.4	%		Rexel
Shops at Kirby Drive	Houston-The Woodlands-Sugar Land, TX	100.0	%		10,000	10,000	30.20	100.0	%		Freebirds Burrito
Shops at Three Corners	Houston-The Woodlands-Sugar Land, TX	70.0	%	(1)	173,060	277,871	14.11	100.0	%	Fiesta	Ross Dress for Less, PetSmart, Office Depot, Big Lots
Southgate	Houston-The Woodlands-Sugar Land, TX	15.0	%	(1)	18,668	124,454	10.60	91.9	%	Food-A-Rama	CVS, Family Dollar, Palais Royal
Stella Link	Houston-The Woodlands-Sugar Land, TX	100.0	%		70,087	70,087	7.56	83.7	%	Sellers Bros.	Spec’s
Tomball Marketplace	Houston-The Woodlands-Sugar Land, TX	100.0	%		141,036	298,857	16.87	90.6	%		(Academy), (Kohl's), Ross Dress For Less, Marshalls
Village Plaza at Bunker Hill	Houston-The Woodlands-Sugar Land, TX	57.8	%	(1)(3)	283,399	490,734	24.32	100.0	%	H-E-B	PetSmart, Babies "R" Us, Academy, Nordstrom Rack
Westchase Center	Houston-The Woodlands-Sugar Land, TX	100.0	%		232,782	361,501	15.47	90.7	%	Whole Foods Market	(Target), Ross Dress for Less, Golfsmith, Palais Royal, Petco
Westhill Village	Houston-The Woodlands-Sugar Land, TX	100.0	%		130,851	130,851	16.28	98.5	%		Ross Dress for Less, Office Depot, 99 Cents Only
Independence Plaza	Laredo, TX	100.0	%		347,302	347,302	12.96	98.5	%	H-E-B	TJ Maxx, Ross, Hobby Lobby, Petco, Ulta Beauty
North Creek Plaza	Laredo, TX	100.0	%		243,596	485,463	14.51	100.0	%	(H-E-B)	(Target), Marshalls, Old Navy, Best Buy, Bed Bath & Beyond
Plantation Centre	Laredo, TX	100.0	%		135,373	143,015	16.05	97.7	%	H-E-B
Las Tiendas Plaza	McAllen-Edinburg-Mission, TX	50.0	%	(1)(3)	143,976	500,084	10.79	98.9	%		(Target), Academy, Conn’s, Ross Dress for Less, Marshalls, Office Depot
Market at Nolana	McAllen-Edinburg-Mission, TX	50.0	%	(1)(3)	20,315	243,821	21.46	85.0	%	(Walmart Supercenter)

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Weingarten Realty Investors

Property Listing

As of June 30, 2015

Center	CBSA		Owned %		Foot Notes	Owned GLA	Total GLA	Average Base Rent  (ABR)	Occupancy %		Grocer Anchor	Other Anchors      ( ) indicates owned by others
Market at Sharyland Place	McAllen-Edinburg-Mission, TX		50.0	%	(1)(3)	53,956	301,174	19.67	95.4	%	(Walmart Supercenter)	Kohl's, Dollar Tree
Northcross	McAllen-Edinburg-Mission, TX		50.0	%	(1)(3)	37,532	75,065	17.14	90.9	%		Barnes & Noble
Old Navy Building	McAllen-Edinburg-Mission, TX		50.0	%	(1)(3)(4)	7,500	15,000	N/A	100.0	%		Old Navy
Sharyland Towne Crossing	McAllen-Edinburg-Mission, TX		50.0	%	(1)(3)	176,520	484,949	14.96	97.1	%	H-E-B	(Target), T.J. Maxx, Petco, Office Depot, Ross Dress for Less
South 10th St. HEB	McAllen-Edinburg-Mission, TX		50.0	%	(1)(3)	51,851	103,702	12.49	100.0	%	H-E-B
Starr Plaza	Rio Grande City, TX		50.0	%	(1)(3)	88,346	176,693	12.03	99.0	%	H-E-B	Bealls
Fiesta Trails	San Antonio-New Braunfels, TX		100.0	%		306,370	482,370	15.66	96.3	%	(H-E-B)	(Target), Act III Theatres, Marshalls, Office Max, Stein Mart, Petco, Anna’s Linens
Parliament Square II	San Antonio-New Braunfels, TX		100.0	%	(4)	54,541	54,541	8.71	100.0	%		Incredible Pizza
Thousand Oaks	San Antonio-New Braunfels, TX		15.0	%	(1)	24,271	161,806	11.44	98.2	%	H-E-B	Bealls, Tuesday Morning
Valley View	San Antonio-New Braunfels, TX		100.0	%		91,544	91,544	11.02	81.9	%		Marshalls, Dollar Tree
Texas Total:	# of Properties:	67				7,648,187	12,651,829	16.78	95.3	%
Utah
Taylorsville Town Center	Salt Lake City, UT		100.0	%		90,157	139,007	17.08	97.5	%	The Fresh Market	Rite Aid
West Jordan Town Center	Salt Lake City, UT		100.0	%		182,099	304,899	12.83	64.7	%		(Target), Petco
Utah Total:	# of Properties:	2				272,256	443,906	14.24	75.5	%
Washington
Meridian Town Center	Seattle-Tacoma-Bellevue, WA		20.0	%	(1)(3)	15,533	143,012	17.97	98.7	%	(Safeway)	Jo-Ann Fabric & Craft Store, Tuesday Morning
Promenade 23	Seattle-Tacoma-Bellevue, WA		100.0	%		96,860	96,860	16.21	86.4	%	Red Apple Grocers	Walgreens
Queen Anne Marketplace	Seattle-Tacoma-Bellevue, WA		51.0	%	(1)(3)	41,506	81,385	30.54	98.4	%	Metropolitan Market	Bartell's Drug
Rainer Square Plaza	Seattle-Tacoma-Bellevue, WA		20.0	%	(1)(3)	22,347	111,736	19.62	100.0	%	Safeway	Ross Dress for Less
South Hill Center	Seattle-Tacoma-Bellevue, WA		20.0	%	(1)(3)	26,802	134,010	16.60	96.3	%		Bed Bath & Beyond, Ross Dress for Less, Best Buy
Washington Total:	# of Properties:	5				203,048	567,003	19.92	92.6	%
Total Operating Properties	# of Properties:	229				27,802,598	45,058,064
New Development
Maryland
Nottingham Commons	Baltimore-Columbia-Towson, MD		100.0	%	(2)	13,282	13,282				MOM's Organic Market	T.J. Maxx, Petco
Maryland Total:	# of Properties:	1				13,282	13,282
North Carolina
Wake Forest Crossing II	Raleigh, NC		100.0	%	(2)	—	93,595					(Kohl's), T.J. Maxx, Michaels, Ross Dress For Less, Petco
North Carolina Total:	# of Properties:	1				—	93,595
Virginia
Hilltop Village	Washington-Arlington-Alexandria, DC-VA-MD-WV		100.0	%	(1)(2)	154,889	154,889				Wegman's	L.A. Fitness
Virginia Total:	# of Properties:	1				154,889	154,889
Total New Developments	# of Properties:	3				168,171	261,766
Operating & New Development Properties	# of Properties:	232				27,970,769	45,319,830

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Weingarten Realty Investors

Property Listing

As of June 30, 2015

Center	CBSA	Owned %	Foot Notes	Owned GLA	Total GLA	Average Base Rent  (ABR)	Occupancy %	Grocer Anchor	Other Anchors      ( ) indicates owned by others
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					63,162
Arizona Total:					798,455
Colorado
Highway 85 and Highway 285, Sheridan					525,334
Colorado Total:					525,334
Florida
Young Pines and Curry Ford Rd., Orange County					82,764
State Road 100 & Belle Terre Parkway, Palm Coast					292,288
SR 207 at Rolling Hills Dr., St. Augustine					228,254
Florida Total:					603,306
Georgia
NWC South Fulton Pkwy. @ Hwy. 92, Union City					3,554,496
Georgia Total:					3,554,496
Nevada
SWC Highway 215 at Decatur, Las Vegas					328,340
Nevada Total:					328,340
North Carolina
U.S. Hwy. 17 & U.S. Hwy. 74/76, Leland					549,727
Creedmoor (Highway 50) and Crabtree Valley Avenue, Raleigh					118,483
Highway 17 and Highway 210, Surf City					2,024,233
U.S. Highway 1 at Caveness Farms Rd., Wake Forest					1,637,420
North Carolina Total:					4,329,863
Tennessee
Poplar Avenue and Ridgeway Road, Memphis					53,579
Tennessee Total:					53,579
Texas
U.S. 77 and 83 at SHFM 802, Brownsville					914,723
Rock Prairie Rd. at Hwy. 6, College Station					388,120
I-30 & Horne Street, Ft. Worth					58,370
Leslie Rd. at Bandera Rd., Helotes					74,052
Bissonnet at Wilcrest, Houston					40,946
Citadel Plaza at 610 North Loop, Houston					137,214
East Orem, Houston					121,968
Mesa Road at Tidwell, Houston					75,009

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Weingarten Realty Investors

Property Listing

As of June 30, 2015

Center	CBSA	Owned %	Foot Notes	Owned GLA	Total GLA	Average Base Rent  (ABR)	Occupancy %	Grocer Anchor	Other Anchors      ( ) indicates owned by others
Northwest Freeway at Gessner, Houston					179,903
West Little York at Interstate 45, Houston					161,172
Nolana Ave. and 29th St., McAllen					163,350
Shary Rd. at North Hwy. 83, Mission					1,521,986
9th Ave. at 25th St., Port Arthur					243,065
Gattis School Rd. at A.W. Grimes Blvd., Round Rock					57,499
Culebra Road and Westwood Loop, San Antonio					60,984
FM 1957 (Potranco Road) and FM 211, San Antonio					8,655,372
SH 151 and Ingram Rd., San Antonio					252,692
US Hwy. 281 at Wilderness Oaks, San Antonio					1,269,774
Highway 3 at Highway 1765, Texas City					200,812
FM 2920 and Highway 249, Tomball					459,776
Texas Total:					15,036,787
Total Unimproved Land					25,230,160

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