EX-99.2 3 ex99_2.htm EXHIBIT 99.2 ex99_2.htm

EXHIBIT 99.2




Supplemental Financial Information
June 30, 2007
(Unaudited)



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


Corporate Profile


Weingarten Realty Investors is an unincorporated trust organized under the Texas Real Estate Investment Trust Act that, through its predecessor entity, began the ownership and development of shopping centers and other commercial real estate in 1948.  As of June 30, 2007, we owned or operated under long-term leases, interests in 377 developed income-producing properties and 37 properties that are in various stages of development (including 9 which are income-producing), which are located in 22 states that span the United States from coast to coast.  Included in the portfolio are 336 shopping centers, 75 industrial projects, and 3 other operating properties.  Our interests in these properties aggregated approximately 48.8 million square feet of leasable area.  Our properties were 95.3% leased as of June 30, 2007, and historically our portfolio occupancy rate has never been below 90%.

Corporate Office

2600 Citadel Plaza Drive
P. O. Box 924133
Houston, TX 77292-4133
713-866-6000
www.weingarten.com


Regional Offices

Atlanta, GA
Austin, TX
Dallas, TX
Ft. Lauderdale, FL
Las Vegas, NV
Los Angeles, CA
Orlando, FL
Phoenix, AZ
Raleigh, NC
Sacramento, CA
Seattle, WA


Stock Listings

New York Stock Exchange:
 
Common Shares
WRI
Series D Preferred Shares
WRI-PD
Series E Preferred Shares
WRI-PE
Series F Preferred Shares
WRI-PF

Page 1


Weingarten Realty Investors
 
Statements of Consolidated Income
 
(in thousands, except per share amounts)
 
(as reported)
 
                                                 
                                                 
   
Three Months Ended
June 30,
   
Six Months Ended
June 30,
   
Twelve Months Ended December 31,
 
   
2007
   
2006
   
2007
   
2006
   
2006
   
2005
   
2004
   
2003
 
                                                 
Revenues:
                                               
Rentals
  $
143,281
    $
130,708
    $
286,234
    $
258,277
    $
536,988
    $
487,065
    $
437,476
    $
358,658
 
Other
   
3,181
     
1,245
     
5,216
     
3,444
     
6,962
     
6,271
     
8,281
     
6,653
 
Total
   
146,462
     
131,953
     
291,450
     
261,721
     
543,950
     
493,336
     
445,757
     
365,311
 
                                                                 
Expenses:
                                                               
Depreciation and amortization
   
32,541
     
30,039
     
64,807
     
59,618
     
123,067
     
112,495
     
99,987
     
79,242
 
Operating
   
25,301
     
20,723
     
48,723
     
38,930
     
89,111
     
74,240
     
69,563
     
56,710
 
Ad valorem taxes
   
16,869
     
15,453
     
33,300
     
30,713
     
63,403
     
56,786
     
50,109
     
40,783
 
General and administrative
   
6,504
     
5,648
     
13,113
     
11,003
     
23,801
     
17,379
     
16,122
     
13,820
 
Impairment loss
                                                   
3,550
         
Total
   
81,215
     
71,863
     
159,943
     
140,264
     
299,382
     
260,900
     
239,331
     
190,555
 
                                                                 
Operating Income
   
65,247
     
60,090
     
131,507
     
121,457
     
244,568
     
232,436
     
206,426
     
174,756
 
Interest Expense
    (35,653 )     (34,331 )     (71,719 )     (68,361 )     (145,297 )     (129,102 )     (115,725 )     (90,096 )
Interest and Other Income
   
3,044
     
579
     
4,756
     
2,031
     
9,044
     
2,862
     
1,389
     
1,562
 
Loss on Redemption of Preferred Shares
                                                    (3,566 )     (2,739 )
Equity in Earnings of Joint Ventures, net (a)
   
4,273
     
4,547
     
7,620
     
8,613
     
14,655
     
6,610
     
5,384
     
4,681
 
Income Allocated to Minority Interests
    (3,497 )     (1,644 )     (4,675 )     (3,301 )     (6,414 )     (6,060 )     (4,928 )     (2,723 )
Gain (Loss) on Sale of Properties
    (65 )    
52
     
1,994
     
103
     
22,493
     
22,306
     
1,562
     
667
 
Gain on Land and Merchant Development Sales
   
3,285
             
3,951
     
1,676
     
7,166
     
804
                 
Benefit (Provision) for Income Taxes
    (1,012 )    
371
      (1,003 )     (148 )     (1,366 )                        
Income From Continuing Operations
   
35,622
     
29,664
     
72,431
     
62,070
     
144,849
     
129,856
     
90,542
     
86,108
 
Operating Income (Loss) From Discontinued Operations
    (389 )    
4,496
     
1,301
     
9,612
     
14,667
     
24,338
     
25,956
     
24,135
 
Gain on Sale of Properties From Discontinued Operations
   
40,544
     
56,106
     
53,430
     
73,193
     
145,494
     
65,459
     
24,883
     
6,037
 
Income From Discontinued Operations
   
40,155
     
60,602
     
54,731
     
82,805
     
160,161
     
89,797
     
50,839
     
30,172
 
Net Income
   
75,777
     
90,266
     
127,162
     
144,875
     
305,010
     
219,653
     
141,381
     
116,280
 
Preferred Share Dividends
    (5,775 )     (2,525 )     (10,503 )     (5,050 )     (10,101 )     (10,101 )     (7,470 )     (15,912 )
Redemption Cost of Series A Preferred Shares
                                                            (2,488 )
Net Income Available to Common Shareholders
  $
70,002
    $
87,741
    $
116,659
    $
139,825
    $
294,909
    $
209,552
    $
133,911
    $
97,880
 
Net Income Per Common Share - Basic
  $
0.81
    $
0.98
    $
1.35
    $
1.56
    $
3.36
    $
2.35
    $
1.55
    $
1.24
 
Net Income Per Common Share - Diluted
  $
0.79
    $
0.95
    $
1.32
    $
1.53
    $
3.27
    $
2.31
    $
1.54
    $
1.24
 

(a)
See Page 8 for the Company's prorata share of the operating results of its unconsolidated joint ventures.

Page 2


Weingarten Realty Investors
Consolidated Balance Sheets
(in thousands, except per share amounts)
(as reported)


   
June 30,
2007
   
December 31,
2006
 
ASSETS
           
             
Property
  $
4,625,139
    $
4,445,888
 
Accumulated Depreciation
    (732,249 )     (707,005 )
Property Held for Sale
   
5,124
         
Property - net
   
3,898,014
     
3,738,883
 
                 
Investment in Real Estate Joint Ventures (a)
   
277,270
     
203,839
 
Total
   
4,175,284
     
3,942,722
 
                 
Notes Receivable from Real Estate Joint Ventures and Partnerships
    20,958       3,971  
Unamortized Debt and Lease Costs
   
113,303
     
112,873
 
Accrued Rent and Accounts Receivable (net of allowance for doubtful accounts of $7,423  in 2007 and $6,696 in 2006)
   
63,128
     
78,893
 
Cash and Cash Equivalents
   
46,301
     
71,003
 
Restricted Deposits and Mortgage Escrows
   
86,766
     
94,466
 
Other
   
118,412
     
71,612
 
Total
  $
4,624,152
    $
4,375,540
 
                 
LIABILITIES AND SHAREHOLDERS' EQUITY
               
                 
Debt
  $
2,893,907
    $
2,900,952
 
Accounts Payable and Accrued Expenses
   
138,161
     
132,821
 
Other
   
123,183
     
128,306
 
Total
   
3,155,251
     
3,162,079
 
                 
Minority Interest
   
96,071
     
87,680
 
                 
Commitments and Contingencies
               
                 
Shareholders' Equity:
               
Preferred Shares of Beneficial Interest - par value, $.03 per share;shares authorized: 10,000
               
6.75% Series D cumulative redeemable preferred shares of beneficial interest;  100 shares issued and outstandingin 2007 and 2006;  liquidation preference $75,000
   
3
     
3
 
6.95% Series E cumulative redeemable preferred shares of beneficial interest; 29 shares issued and outstanding in 2007  and 2006;  liquidation preference $72,500
   
1
     
1
 
6.5% Series F cumulative redeemable preferred shares of beneficial interest; 80 shares issued and outstanding in 2007;  liquidation preference $200,000
   
2
         
Common Shares of Beneficial Interest - par value, $.03 per share;shares authorized: 150,000; shares issued and outstanding:86,448 in 2007 and 85,765 in 2006
   
2,604
     
2,582
 
Additional Paid in Capital
   
1,347,483
     
1,136,481
 
Net Income in Excess of (Less Than) Accumulated Dividends
   
30,301
      (786 )
Accumulated Other Comprehensive Loss
    (7,564 )     (12,500 )
Shareholders' Equity
   
1,372,830
     
1,125,781
 
Total
  $
4,624,152
    $
4,375,540
 

(a)  This represents the Company's investment of its unconsolidated joint ventures.  See page 8 for additional information.

Page 3


Weingarten Realty Investors
Statements of Consolidated Income at Prorata Share
(in thousands, except per share amounts)


   
Three Months Ended
June 30,
   
Six Months Ended
June 30,
   
Twelve Months Ended December 31,
 
   
2007
   
2006
   
2007
   
2006
   
2006
   
2005
   
2004
   
2003
 
                                                 
Revenues:
                                               
Rentals
  $
151,593
    $
132,625
    $
299,973
    $
261,966
    $
546,899
    $
492,042
    $
439,755
    $
359,674
 
Other
   
3,338
     
1,399
     
5,493
     
3,649
     
7,746
     
6,447
     
8,041
     
6,833
 
Total
   
154,931
     
134,024
     
305,466
     
265,615
     
554,645
     
498,489
     
447,796
     
366,507
 
                                                                 
Expenses:
                                                               
Depreciation and amortization
   
34,447
     
30,338
     
67,921
     
60,130
     
124,778
     
112,747
     
99,880
     
77,767
 
Operating
   
25,992
     
20,743
     
49,615
     
39,060
     
89,396
     
74,183
     
69,579
     
56,670
 
Ad valorem taxes
   
17,814
     
15,567
     
34,985
     
30,961
     
64,048
     
57,203
     
50,253
     
41,015
 
General and administrative
   
6,562
     
5,660
     
13,181
     
11,027
     
23,902
     
17,436
     
16,125
     
13,821
 
Impairment loss
                                                   
3,550
         
Total
   
84,815
     
72,308
     
165,702
     
141,178
     
302,124
     
261,569
     
239,387
     
189,273
 
                                                                 
                                                                 
Operating Income
   
70,116
     
61,716
     
139,764
     
124,437
     
252,521
     
236,920
     
208,409
     
177,234
 
Interest Expense
    (37,261 )     (34,482 )     (74,455 )     (68,294 )     (146,250 )     (128,385 )     (114,223 )     (89,858 )
Interest and Other Income
   
3,877
     
904
     
6,633
     
2,636
     
10,686
     
3,637
     
2,553
     
3,615
 
Loss on Redemption of Preferred Shares
                                                    (3,566 )     (2,739 )
Income Allocated to Minority Interests
    (1,216 )     (1,369 )     (2,322 )     (2,768 )     (5,453 )     (5,218 )     (3,990 )     (3,236 )
Gain (Loss) on Sale of Properties
    (65 )    
2,548
     
1,994
     
4,160
     
26,550
     
22,102
     
1,460
     
1,186
 
Gain on Land and Merchant Development Sales
   
3,285
             
3,951
     
2,092
     
8,274
     
889
                 
Benefit (Provision) for Income Taxes
    (1,012 )    
371
      (1,003 )     (148 )     (1,366 )                        
Income From Continuing Operations
   
37,724
     
29,688
     
74,562
     
62,115
     
144,962
     
129,945
     
90,643
     
86,202
 
Operating Income (Loss) From Discontinued Operations
    (303 )    
4,472
     
1,358
     
9,567
     
14,542
     
24,249
     
25,855
     
24,040
 
Gain on Sale of Properties From Discontinued Operations
   
38,356
     
56,106
     
51,242
     
73,193
     
145,506
     
65,459
     
24,883
     
6,038
 
Income From Discontinued Operations
   
38,053
     
60,578
     
52,600
     
82,760
     
160,048
     
89,708
     
50,738
     
30,078
 
Net Income
   
75,777
     
90,266
     
127,162
     
144,875
     
305,010
     
219,653
     
141,381
     
116,280
 
Preferred Share Dividends
    (5,775 )     (2,525 )     (10,503 )     (5,050 )     (10,101 )     (10,101 )     (7,470 )     (15,912 )
Redemption Cost of Series A Preferred Shares
                                                            (2,488 )
Net Income Available to Common Shareholders
  $
70,002
    $
87,741
    $
116,659
    $
139,825
    $
294,909
    $
209,552
    $
133,911
    $
97,880
 
Net Income Per Common Share - Basic
  $
0.81
    $
0.98
    $
1.35
    $
1.56
    $
3.36
    $
2.35
    $
1.55
    $
1.24
 
Net Income Per Common Share - Diluted
  $
0.79
    $
0.95
    $
1.32
    $
1.53
    $
3.27
    $
2.31
    $
1.54
    $
1.24
 
 
Note:
Prorata financial information is not, and is not intended to be, a presentation in accordance with generally accepted accounting principles. The Statements of Consolidated Income at Prorata Share include the real estate operations of joint ventures at WRI's ownership percentages ranging from 20% to 81% except for the operations of down-reit partnerships, which are included at 100%.

Page 4


Weingarten Realty Investors
Consolidated Balance Sheets at Prorata Share
(in thousands, except per share amounts)


   
June 30,
2007
   
December 31,
2006
 
ASSETS
           
             
Property
  $
4,894,923
    $
4,610,751
 
Accumulated Depreciation
    (746,129 )     (707,289 )
Property Held for Sale
   
4,688
         
Property - net
   
4,153,482
     
3,903,462
 
                 
Notes Receivable from Real Estate Joint Ventures and Partnerships
   
52,734
     
54,125
 
Unamortized Debt and Lease Costs
   
121,455
     
118,377
 
Accrued Rent and Accounts Receivable (net of allowance for doubtful accounts of $8,215 in 2007 and $6,696 in 2006)
   
65,672
     
79,165
 
Cash and Cash Equivalents
   
52,375
     
84,092
 
Restricted Deposits and Mortgage Escrows
   
87,542
     
93,955
 
Other
   
142,334
     
75,858
 
Total
  $
4,675,594
    $
4,409,034
 
                 
                 
LIABILITIES AND SHAREHOLDERS' EQUITY
               
                 
Debt
  $
2,973,460
    $
2,945,288
 
Accounts Payable and Accrued Expenses
   
138,545
     
132,845
 
Other
   
125,659
     
126,865
 
Total
   
3,237,664
     
3,204,998
 
                 
Minority Interest
   
65,100
     
78,255
 
                 
Commitments and Contingencies
               
                 
Shareholders' Equity:
               
Preferred Shares of Beneficial Interest - par value, $.03 per share;shares authorized: 10,000
               
6.75% Series D cumulative redeemable preferred shares of beneficial interest; 100 shares issued and outstanding in 2007 and 2006; liquidation preference $75,000
   
3
     
3
 
6.95% Series E cumulative redeemable preferred shares of beneficial interests; 29 shares issued and outstanding in 2007and 2006; liquidation preference $72,500
   
1
     
1
 
6.5% Series F cumulative redeemable preferred shares of beneficial interest; 80 shares issued and outstanding in 2007;liquidation preference $200,000
   
2
         
Common Shares of Beneficial Interest - par value, $.03 per share;shares authorized: 150,000; shares issued:86,448 in 2007 and 85,765 in 2006
   
2,604
     
2,582
 
Capital Surplus
   
1,347,483
     
1,136,481
 
Net Income in Excess of (Less Than) Accumulated Dividends
   
30,301
      (786 )
Accumulated Other Comprehensive Loss
    (7,564 )     (12,500 )
Shareholders' Equity
   
1,372,830
     
1,125,781
 
Total
  $
4,675,594
    $
4,409,034
 

Note:
Prorata financial information is not, and is not intended to be, a presentation in accordance with generally accepted accounting principles.The Consolidated Balance Sheets at Prorata Share include the real estate operations of joint ventures at WRI's ownership percentages ranging from 20% to 81% except for the operations of down-reit partnerships, which are included at 100%.

Page 5


Weingarten Realty Investors
Summary Operating Data
(in thousands, except per share amounts)


   
Three Months Ended
June 30,
   
Six Months Ended
June 30,
 
   
2007
   
2006
   
2007
   
2006
 
Funds from Operations
                       
Numerator:
                       
Net income available to common shareholders
  $
70,002
    $
87,741
    $
116,659
    $
139,825
 
Depreciation and amortization
   
31,902
     
31,604
     
63,881
     
63,034
 
Depreciation and amortization of unconsolidated joint ventures
   
2,536
     
1,106
     
4,593
     
2,124
 
Gain on sale of properties
    (38,253 )     (56,157 )     (53,198 )     (73,299 )
Gain on sale of properties of unconsolidated joint ventures
            (2,497 )             (4,054 )
Funds from Operations - Basic
   
66,187
     
61,797
     
131,935
     
127,630
 
Funds from operations attributable to operating  partnership units
   
1,103
     
1,368
     
2,209
     
2,768
 
Funds from Operations - Diluted
  $
67,290
    $
63,165
    $
134,144
    $
130,398
 
                                 
Denominator:
                               
Weighted average shares outstanding - Basic
   
86,274
     
89,519
     
86,140
     
89,446
 
Effect of dilutive securities:
                               
Share options and awards
   
1,011
     
854
     
1,063
     
905
 
Operating partnership units
   
2,450
     
3,160
     
2,565
     
3,151
 
Weighted average shares outstanding - Diluted
   
89,735
     
93,533
     
89,768
     
93,502
 
                                 
Funds from Operations per Share - Basic
  $
0.77
    $
0.69
    $
1.53
    $
1.43
 
                                 
Funds from Operations Per Share - Diluted
  $
0.75
    $
0.68
    $
1.49
    $
1.39
 
                                 
Growth in Funds from Operations per Share - Diluted
            10.3 %             7.2 %
                                 
                                 
Dividends
                               
Common Dividends per Share
  $
0.495
    $
0.465
    $
0.990
    $
0.930
 
                                 
Common Dividends Paid as a % of Funds from Operations
    64.7 %     67.5 %     64.9 %     65.3 %
                                 
                                 
General and Administrative Expenses *
                               
General and Administrative Expenses/Total Revenue
    4.2 %     4.2 %     4.3 %     4.2 %
                                 
General and Administrative Expenses/Total Assets before Depreciation
    0.12 %     0.12 %     0.24 %     0.24 %
                                 
                                 
Net Operating Income *
                               
Same Property NOI Growth: **
                               
Retail
    3.4 %     1.4 %     3.5 %     2.9 %
Industrial
    2.2 %     7.0 %     2.3 %     6.9 %
Total
    3.3 %     1.8 %     3.4 %     3.2 %


*           Includes the Company's share of unconsolidated joint ventures and excludes its partners' share of consolidated joint ventures ("Prorata Share").

**         Same Property NOI Growth excludes the effect of lease cancellation income.

The National Association of Real Estate Investment Trusts defines funds from operations as net income (loss) available to common shareholders computed in accordance with generally accepted accounting principles, excluding gains or losses from sales of real estate assets and extraordinary items, plus depreciation and amortization of operating properties, including our share of unconsolidated partnerships and joint ventures.  We calculate FFO in a manner consistent with the NAREIT definition.
We believe FFO is an appropriate supplemental measure of operating performance because it helps investors compare our operating performance relative to other REITs.  Management also uses FFO as a supplemental measure to conduct and evaluate our business because there are certain limitations associated with using GAAP net income by itself as the primary measure of our operating performance.  Historical cost accounting for real estate assets in accordance with GAAP implicitly assumes that the value of real estate assets diminishes predictably over time. Since real estate values instead have historically risen or fallen with market conditions, management believes that the presentation of operating results for real estate companies that uses historical cost accounting is insufficient by itself.  There can be no assurance that FFO presented by us is comparable to similarly titled measures of other REITs.
FFO should not be considered as an alternative to net income or other measurements under GAAP as an indicator of our operating performance or to cash flows from operating, investing or financing activities as a measure of liquidity.  FFO does not reflect working capital changes, cash expenditures for capital improvements or principal payments on indebtedness.

Page 6


Weingarten Realty Investors
Summary Operating Data (continued)
(in thousands)


   
Three Months Ended
June 30,
   
Six Months Ended
June 30,
 
   
2007
   
2006
   
2007
   
2006
 
Rentals
                       
Base minimum rent, net
  $
110,540
    $
102,580
    $
220,711
    $
203,828
 
Straight line rent
   
2,653
     
1,446
     
4,853
     
2,788
 
Over/Under-market rentals, net
   
600
     
175
     
1,374
     
341
 
Percentage rent
   
1,423
     
1,171
     
3,236
     
2,542
 
Tenant reimbursements
   
28,065
     
25,336
     
56,060
     
48,778
 
Total
  $
143,281
    $
130,708
    $
286,234
    $
258,277
 

   
Three Months Ended
June 30,
   
Six Months Ended
June 30,
 
   
2007
   
2006
   
2007
   
2006
 
Rentals (Prorata Share)
                       
Base minimum rent, net
  $
116,601
    $
104,110
    $
230,779
    $
206,816
 
Straight line rent
   
3,033
     
1,520
     
5,340
     
2,907
 
Over/Under-market rentals, net
   
864
     
225
     
1,892
     
449
 
Percentage rent
   
1,430
     
1,229
     
3,220
     
2,639
 
Tenant reimbursements
   
29,665
     
25,541
     
58,742
     
49,155
 
Total
  $
151,593
    $
132,625
    $
299,973
    $
261,966
 

   
Three Months Ended
June 30,
   
Six Months Ended
June 30,
 
   
2007
   
2006
   
2007
   
2006
 
Interest Expense (Prorata Share)
                       
Interest paid or accrued
  $
45,137
    $
37,707
    $
89,671
    $
74,241
 
Over-market mortgage adjustment
    (1,787 )     (1,839 )     (3,570 )     (3,678 )
Gross interest expense
   
43,350
     
35,868
     
86,101
     
70,563
 
Less:
                               
Capitalized interest
    (6,089 )     (1,386 )     (11,646 )     (2,269 )
Interest expense, at prorata share
  $
37,261
    $
34,482
    $
74,455
    $
68,294
 

   
Three Months Ended
June 30,
   
Six Months Ended
June 30,
 
   
2007
   
2006
   
2007
   
2006
 
Fee Income from Joint Ventures
                       
Recurring
  $
1,267
    $
452
    $
2,320
    $
761
 
Non-Recurring
   
811
     
86
     
831
     
130
 
Total
  $
2,078
    $
538
    $
3,151
    $
891
 

   
June 30,
2007
   
December 31,
2006
 
Property at Prorata Share
           
Land
  $
968,103
    $
910,240
 
Land held for development
   
21,439
     
20,078
 
Land under development
   
229,115
     
142,366
 
Buildings and improvements
   
3,538,691
     
3,446,226
 
Construction in-progress
   
137,575
     
91,841
 
Total
  $
4,894,923
    $
4,610,751
 

Page 7


Weingarten Realty Investors
Financial Statements of Unconsolidated Joint Ventures at 100%
(in thousands)


   
Three Months Ended
June 30,
   
Six Months Ended
June 30,
 
   
2007
   
2006
   
2007
   
2006
 
                         
Revenues:
  $
35,267
    $
13,567
    $
66,486
    $
25,515
 
                                 
Expenses:
                               
Depreciation and amortization
   
8,533
     
3,172
     
15,536
     
5,971
 
Interest
   
5,396
     
4,127
     
10,486
     
7,459
 
Operating
   
5,173
     
1,737
     
9,788
     
3,293
 
Ad valorem taxes
   
4,278
     
1,379
     
8,333
     
2,586
 
General and administrative
   
180
     
138
     
345
     
259
 
Total
   
23,560
     
10,553
     
44,488
     
19,568
 
                                 
Gain on land sales
                           
555
 
Gain on sale of properties
           
3,442
             
5,992
 
Net income
  $
11,707
    $
6,456
    $
21,998
    $
12,494
 


   
June 30,
2007
   
December 31,
2006
 
ASSETS
           
             
Property
  $
1,361,848
    $
1,123,600
 
Accumulated depreciation
    (63,008 )     (41,305 )
Property - net
   
1,298,840
     
1,082,295
 
                 
Other assets
   
116,631
     
118,642
 
                 
Total
  $
1,415,471
    $
1,200,937
 
                 
                 
LIABILITIES AND SHAREHOLDERS' EQUITY
               
                 
Debt
  $
354,988
    $
327,695
 
Amounts payable to WRI
   
23,365
     
22,657
 
Other liabilities
   
44,042
     
39,967
 
Accumulated equity
   
993,076
     
810,618
 
                 
Total
  $
1,415,471
    $
1,200,937
 

Page 8


Weingarten Realty Investors
Financial Statements of Unconsolidated Joint Ventures at Prorata Share
(in thousands)


   
Three Months Ended
June 30,
   
Six Months Ended
June 30,
 
   
2007
   
2006
   
2007
   
2006
 
                         
Revenues:
  $
10,775
    $
5,060
    $
19,973
    $
9,753
 
                                 
Expenses:
                               
Depreciation and amortization
   
2,536
     
1,106
     
4,593
     
2,124
 
Interest
   
1,571
     
1,233
     
3,074
     
2,243
 
Operating
   
1,516
     
672
     
2,889
     
1,288
 
Ad valorem taxes
   
1,228
     
498
     
2,350
     
961
 
General and administrative
   
55
     
62
     
127
     
115
 
Total
   
6,906
     
3,571
     
13,033
     
6,731
 
                                 
Gain on land and merchant development sales
                           
416
 
Gain on sale of property
           
2,497
             
4,054
 
                                 
Net Income
  $
3,869
    $
3,986
    $
6,940
    $
7,492
 

   
June 30,
2007
   
December 31,
2006
 
ASSETS
           
             
Property
  $
386,091
    $
307,559
 
Accumulated Depreciation
    (25,303 )     (16,869 )
Property - net
   
360,788
     
290,690
 
                 
Other Assets
   
39,943
     
40,159
 
Total
  $
400,731
    $
330,849
 
                 
                 
                 
LIABILITIES AND SHAREHOLDERS' EQUITY
               
                 
Debt
  $
102,531
    $
97,969
 
Amounts Payable to WRI
   
9,753
     
7,382
 
Accounts Payable and Accrued Expenses
   
10,697
     
10,358
 
Total
   
122,981
     
115,709
 
                 
Accumulated Equity
   
277,750
     
215,140
 
                 
Total
  $
400,731
    $
330,849
 

Notes:
The Consolidated Financial Statements at prorata share include only the real estate operations of joint ventures at WRI's ownership percentages. Prorata financial information is not, and is not intended to be, a presentation in accordance with generally accepted accounting principles.

Page 9


 
Investments in Real Estate Joint Ventures
 
June 30, 2007
 
(In Thousands)
 
                                                 
                                        
                           
Weingarten Realty
 
Joint Venture Partner
 
Number of Properties
   
Total GLA
   
Total Assets
   
Total Debt
   
Ownership Interest
   
Share of Debt
   
Investment 6/30/2007
   
Equity in Earnings of Unconsolidated JVs (1)
 
                                                 
TIAA Florida Retail LLC
   
7
     
1,264
    $
351,901
    $
-
      20.0 %   $
-
    $
66,145
    $
1,627
 
AEW SRP, LLC
   
10
     
984
     
201,457
     
120,362
      26.3 %    
31,713
     
17,442
     
403
 
Collins
   
8
     
1,641
     
141,147
     
12,480
      50.0 %    
6,240
     
57,887
     
1,429
 
AEW - Institutional Client
   
6
     
515
     
138,832
     
71,163
      20.0 %    
14,233
     
12,214
     
263
 
BIT Investment Thirty-Six, LP
   
12
     
4,065
     
240,604
     
25,333
      20.0 %    
5,067
     
35,375
     
739
 
Eagle AN, LP
   
7
     
2,036
     
51,368
     
36,652
      20.0 %    
7,330
     
-
      (2 )
     
 
                                                         
Other
   
19
     
2,465
     
290,163
     
88,997
      42.6 %    
37,949
     
88,206
     
3,161
 
                                                                 
Total
   
69
     
12,971
    $
1,415,471
    $
354,988
      28.5 %   $
102,531
    $
277,270
    $
7,620
 

Joint Venture Description
                
RETAIL
TIAA Florida Retail LLC -
Joint venture with an institutional partner, TIAA-CREF Global Real Estate.
AEW SPR, LLC -
Retail joint venture with an institutional partner through AEW Capital Management
Collins -
Primarily a development joint venture in the Texas Rio Grande valley
AEW - Institutional Client
Joint venture with an institutional partner through AEW Capital Management
                 
INDUSTRIAL
BIT Investment Thirty-Six, LP -
Industrial joint venture with Mercantile Real Estate Advisors and its client, the AFL-CIO Building Investment Trust
Eagle AN, LP -
Industrial joint venture with American National Insurance Company

(1) Ties to consolidated income statement but differs from prorata income statement due to elimination of intercompany interest income/expense and management fees.

Page 10


Weingarten Realty Investors
 
Debt Information in Real Estate Joint Ventures
 
June 30, 2007
 
(In Thousands)
 
                         
                         
Joint Venture Partner
 
Number of Properties
   
Mortgage Balance
   
Average Interest Rate (1)
   
Average Remaining Term (yrs)
 
                         
TIAA Florida Retail LLC
   
7
                   
AEW SRP, LLC
   
10
    $
120,362
      5.7 %    
7.7
 
Collins
   
8
     
12,480
      6.0 %    
14.0
 
AEW - Institutional Client
   
6
     
71,163
      5.7 %    
6.7
 
BIT Investment Thirty-Six, LP
   
12
     
25,333
      6.4 %    
4.3
 
Eagle AN, LP
   
7
     
36,652
      8.1 %    
3.2
 
                                 
Other
   
19
     
88,397
      5.7 %    
6.2
 
                                 
Total
   
69
    $
354,388
      6.0 %    
6.7
 

(1) All mortgages are fixed rate except for one of the "other" which has a variable rate mortgage ($3.4 million).

Page 11


Weingarten Realty Investors
 
Summary Balance Sheet Information
 
(in thousands, except common share data and percentages)
 
             
             
   
June 30,
2007
   
December 31,
2006
 
             
Common Share Data
           
Closing Market Price
  $
41.10
    $
46.11
 
                 
Dividend Yield
    4.82 %     4.03 %
                 
90-Day Average Trading Volume
   
473,829
     
340,616
 
                 
                 
Capitalization (As reported)
               
Debt
  $
2,893,907
    $
2,900,952
 
Preferred Shares
   
347,500
     
147,500
 
Common Shares at Market
   
3,553,013
     
3,954,624
 
Operating Partnership Units at Market
   
100,695
     
138,745
 
Total Market Capitalization
  $
6,895,115
    $
7,141,821
 
                 
Debt to Total Market Capitalization
    42.0 %     40.6 %
                 
                 
Capitalization (Prorata)
               
Debt
  $
2,973,460
    $
2,945,288
 
Preferred Shares
   
347,500
     
147,500
 
Common Shares at Market
   
3,553,013
     
3,954,624
 
Operating Partnership Units at Market
   
100,695
     
138,745
 
Total Market Capitalization
  $
6,974,668
    $
7,186,157
 
                 
Debt to Total Market Capitalization
    42.6 %     41.0 %
                 
                 
Capital Availability
               
Unused Portion of $400 MM Revolver
  $
353,473
    $
371,923
 
Shelf Registration - $1 Billion Effective April 2003
   
85,430
     
85,430
 
Shelf Registration - $1.5 Billion Effective September 2004
   
1,300,000
     
1,500,000
 
Shelf Registration - $50 Million Effective September 2004
   
50,000
     
50,000
 
Total
  $
1,788,903
    $
2,007,353
 
                 
                 
Credit Ratings
 
S&P
   
Moody's
 
                 
Senior Debt
 
A-
   
Baa1
 
Preferred Shares
 
BBB+
   
Baa2
 
 
Page 12


Weingarten Realty Investors
 
Debt Information
 
(in thousands, except percentages)
 
                         
                         
   
June 30,
2007
   
2nd Quarter
Weighted
Average Rate
   
December 31,
2006
   
4th Quarter
Weighted
Average Rate
 
Outstanding Balance Summary (1)
                       
Mortgage Debt
  $
915,122
      7.10 %   $
953,938
      7.29 %
7% 2011 Bonds
   
200,000
      7.00 %    
200,000
      7.00 %
3.95% Convertible Bonds (2)
   
575,000
      3.95 %    
575,000
      3.95 %
Unsecured Notes Payable
   
1,119,867
      5.85 %    
1,119,867
      5.85 %
Revolving Credit Agreements (3)
   
37,000
      8.75 %    
18,000
      5.97 %
Industrial Revenue Bonds
   
4,305
      6.07 %    
4,422
      5.36 %
Obligations under Capital Leases
   
42,613
      6.28 %    
29,725
      6.00 %
Total Debt - As Reported
   
2,893,907
      6.09 %    
2,900,952
      6.09 %
Less: Minority Partners' Interests
    (22,978 )             (53,633 )        
Plus: WRI Share of Unconsolidated Joint Ventures
   
102,531
             
97,969
         
Total Debt - Prorata Share
  $
2,973,460
      5.99 %   $
2,945,288
      6.10 %

   
June 30,
2007
   
% of Total
   
December 31,
2006
   
% of Total
 
Fixed vs Variable Rate Debt (at Prorata Share)
                       
(includes the effect of interest rate swaps)
                       
                         
Fixed-rate debt
  $
2,838,580
      95.5 %   $
2,829,344
      96.1 %
Variable-rate debt
   
134,880
      4.5 %    
115,944
      3.9 %
Total
  $
2,973,460
      100.0 %   $
2,945,288
      100.0 %
                                 
                                 
Secured vs Unsecured Debt (at Prorata Share)
                               
Secured Debt
  $
1,045,350
      35.2 %   $
1,035,072
      35.1 %
Unsecured Debt
   
1,928,110
      64.8 %    
1,910,216
      64.9 %
Total
  $
2,973,460
      100.0 %   $
2,945,288
      100.0 %
                                 
                                 
                                 
Coverage Ratios (at Prorata Share trailing 4 quarters)
                               
Fixed Charge Coverage
   
2.19x
             
2.37x
         
Interest Coverage
   
2.31x
             
2.45x
         
Debt Service Coverage
   
2.27x
             
2.41x
         
                                 
                                 
                                 
   
As
   
Prorata
                 
   
Reported
   
Share
                 
Weighted Average Interest Rates (1)
                               
Three months ended 6/30/07
    6.09 %     5.99 %                
Six months ended 6/30/07
    6.07 %     5.98 %                
Twelve months ended 12/31/06
    6.23 %     6.26 %                

(1)
Weighted average interest rates exclude the effects of FAS 141 and loan costs related to financing.

(2)
The convertible bonds mature August 1, 2026 with a call option anytime after August 2011 and an initial conversion price of $49.075 per share.

(3)
Weighted average revolving interest rate excluding the effect of the commitment fee was 5.70% in second quarter 2007 and 5.63% in fourth quarter 2006.

Page 13


Weingarten Realty Investors
 
Debt Information
 
(in thousands, except percentages)
 
                                     
                                     
Schedule of Maturities at June 30, 2007
 
                                     
                                     
   
As Reported
   
Prorata Share
 
   
Maturities
   
Rate (7)
   
Maturities
   
Rate (7)
   
Floating Rate
   
Fixed Rate
 
2007 (1)
  $
71,084
      6.01 %   $
73,067
      6.00 %   $
9,992
    $
63,075
 
2008 (2) (3)
   
252,170
      6.75 %    
252,784
      6.67 %    
429
     
252,355
 
2009
   
113,096
      6.54 %    
112,964
      6.48 %    
9,795
     
103,169
 
2010
   
118,754
      6.64 %    
133,004
      6.57 %    
550
     
132,454
 
2011 (4)
   
889,866
      4.98 %    
884,388
      4.96 %    
-
     
884,388
 
2012
   
307,421
      5.57 %    
311,201
      5.55 %    
-
     
311,201
 
2013
   
283,393
      5.75 %    
278,488
      5.68 %    
-
     
278,488
 
2014
   
338,356
      5.28 %    
367,816
      5.36 %    
2,115
     
365,701
 
2015
   
196,705
      6.15 %    
204,805
      6.04 %    
-
     
204,805
 
Thereafter
   
258,284
      7.05 %    
290,165
      7.05 %    
-
     
290,165
 
Subtotal
   
2,829,129
             
2,908,682
             
22,880
     
2,885,802
 
                                                 
Revolvers (5)
   
37,000
      9.21 %    
37,000
      9.21 %    
37,000
         
Other (6)
   
27,778
             
27,778
                     
27,778
 
Swap Maturities:
                                               
2007
                                   
25,000
      (25,000 )
2014
                                   
50,000
      (50,000 )
Total
  $
2,893,907
      6.07 %   $
2,973,460
      5.98 %   $
134,880
    $
2,838,580
 

(1)
Includes $2.9 million of amortizing industrial revenue bonds with a final maturity date of 2015 that are currently callable by the lender.
(2)
Includes $25 million of MTN's maturing 2028 with 10, 12 and 20 year put options.
(3)
Includes prepayment of $121.8 million mortgage.
(4)
Includes $575 million of Convertible debt maturing in 2026 with a 5 year call option.
(5)
Includes the effect of the commitment fee.
(6)
Other includes capital leases and market value of swaps.
(7)
Interest rates exclude the effects of FAS 141 and loan costs related to financing.

Page 14


 
Tenant Diversification by Percent of Rental Revenues at Prorata Share
 
(in thousands, except percentages and # of units)
 
                             
                             
Rank
 
Tenant Name
 
DBA’s
   
# of Units
   
% of Prorata
Rental
Revenue
   
Square
Feet
 
                             
 
1
 
THE KROGER CO.
 
Kroger, Smith Food, Ralphs, Fry's Food, King Soopers
     
31
      2.66 %    
1,762
 
 
 
                                 
 
2
 
T.J.X. COMPANIES, INC.
 
T.J. Maxx, Marshalls
     
27
      1.51 %    
752
 
 
 
                                 
 
3
 
SAFEWAY, INC.
 
Safeway, Randalls, Von's
     
20
      1.44 %    
989
 
 
 
                                 
 
4
 
ROSS STORES, INC.
 
Ross Dress for Less
     
27
      1.37 %    
665
 
                                     
 
5
 
PUBLIX SUPER MARKETS, INC.
   
 
     
20
      1.23 %    
729
 
 
 
                                   
 
6
 
BLOCKBUSTER VIDEO
   
 
     
56
      1.05 %    
302
 
 
 
                                   
 
7
 
HOME DEPOT, INC.
   
 
     
6
      0.96 %    
699
 
 
 
                                   
 
8
 
OFFICE DEPOT, INC.
   
 
     
23
      0.94 %    
476
 
 
 
                                   
 
9
 
BARNES & NOBLE INC.
 
Barnes & Noble, Bookstop Booksellers
     
12
      0.91 %    
283
 
 
 
                                   
 
10
 
CIRCUIT CITY
   
 
     
9
      0.89 %    
324
 
 
 
                                   
 
11
 
PETCO ANIMAL SUPPLIES, INC.
   
 
     
22
      0.84 %    
279
 
 
 
                                   
 
12
 
GAP, INC.
 
Gap, Old Navy, Banana Republic
     
18
      0.81 %    
294
 
 
 
                                   
 
13
 
H E BUTT GROCERY
   
 
     
6
      0.74 %    
385
 
 
 
                                   
 
14
 
OFFICE MAX INC.
   
 
     
13
      0.72 %    
307
 
 
 
                                   
 
15
 
PETSMART, INC.
   
 
     
14
      0.67 %    
277
 
 
 
                                   
 
16
 
DOLLAR TREE STORES, INC.
 
Dollar Tree, Greenbacks
     
32
      0.61 %    
311
 
 
 
                                   
 
17
 
STAPLES
   
 
     
12
      0.60 %    
319
 
                                       
 
18
 
HARRIS TEETER
   
 
     
6
      0.59 %    
287
 
 
 
                                   
 
19
 
LINENS 'N THINGS, INC.
   
 
     
9
      0.57 %    
245
 
 
 
                                   
 
20
 
RALEY'S
 
Raley's Bel Air Markets
     
6
      0.57 %    
331
 
 
 
                                   
 
21
 
BED BATH & BEYOND, INC.
   
 
     
14
      0.54 %    
292
 
 
 
                                   
 
22
 
BEST BUY, INC.
   
 
     
9
      0.54 %    
221
 
                                       
 
23
 
STAGE STORES
 
Beall's, Palais Royal, Stages
     
20
      0.52 %    
438
 
                                       
 
24
 
ACADEMY SPORTS & OUTDOORS
   
 
     
5
      0.52 %    
567
 
 
 
                                   
 
25
 
MOVIE GALLERY, INC.
   
 
     
22
      0.51 %    
131
 
                                       
     
Total
           
439
      22.31 %    
11,664
 
 
Page 15


Weingarten Realty Investors
Leasing Information
(in thousands, except percentages and # of units and leases, prorata share)


Lease Expirations

     
Shopping Center
   
Industrial
   
Total
 
     
Percentage of
   
Percentage of
   
Percentage of
 
Year Expiring
   
Sq. Ft.
   
Prorata
Revenue
   
Sq. Ft.
   
Prorata
Revenue
   
Sq. Ft.
   
Prorata
Revenue
 
2007
      3.77 %     4.04 %     5.96 %     6.87 %     4.30 %     4.35 %
2008
      11.19 %     11.02 %     22.68 %     23.14 %     13.92 %     12.34 %
2009
      12.16 %     12.60 %     21.68 %     20.90 %     14.43 %     13.51 %
2010
      13.02 %     14.22 %     15.03 %     15.15 %     13.54 %     14.34 %
2011
      13.11 %     14.44 %     10.52 %     11.49 %     12.56 %     14.14 %
2012-2016       28.18 %     27.59 %     22.37 %     21.15 %     26.94 %     26.94 %
2017-2026       17.05 %     14.97 %     1.76 %     1.30 %     13.14 %     13.37 %


Leasing Production - New Leases and Renewals

   
Number
 Of
Leases
   
Square Feet
   
Increase
in Base Rent
 
Three Months Ended
                 
June 30, 2007
                 
Retail
   
260
     
923
      13.5 %
Industrial
   
55
     
380
      7.2 %
Total
   
315
     
1,303
      12.6 %
                         
                         
Three Months Ended
                       
June 30, 2006
                       
Retail
   
280
     
847
      5.6 %
Industrial
   
53
     
558
      2.5 %
Total
   
333
     
1,405
      5.1 %
                         
                         
Six Months Ended
                       
June 30, 2007
                       
Retail
   
516
     
2,123
      11.8 %
Industrial
   
103
     
1,289
      5.2 %
Total
   
619
     
3,412
      10.5 %
                         
                         
Six Months Ended
                       
June 30, 2006
                       
Retail
   
523
     
1,787
      8.2 %
Industrial
   
103
     
1,466
      3.4 %
Total
   
626
     
3,253
      7.4 %

Average Minimum Rent per Square Foot

   
    Quarter Ended    
 
   
June 30,
2007
   
March 31,
2007
   
December 31,
2006
   
September 30,
2006
   
June 30,
2006
 
                               
Retail
  $
12.29
    $
12.14
    $
12.12
    $
12.10
    $
11.69
 
Industrial
  $
4.85
    $
4.98
    $
4.91
    $
4.92
    $
4.80
 

Occupancy
 
    Quarter Ended    
 
   
June 30,
2007
   
March 31,
2007
   
December 31,
2006
   
September 30,
2006
   
June 30,
2006
 
                               
Shopping Center Portfolio
   
95.6%
     
95.4%
     
95.0%
     
95.0%
     
95.2%
 
Industrial Portfolio
   
94.6%
     
90.8%
     
91.2%
     
90.4%
     
89.5%
 
Total Portfolio
   
95.3%
     
94.4%
     
94.1%
     
94.0%
     
93.7%
 

Note:  A space is considered occupied upon execution of a lease agreement.

Page 16


 
Property Information
 
(in thousands at prorata share)
 
                               
                               
Property Investment Summary
                             
   
Acquisitions
   
New
Development
   
Major
Repairs
   
All
Other
   
Total
 
                               
Six Months Ended 06/30/2007
  $
268,022
    $
141,445
    $
5,726
    $
31,371
    $
446,564
 
Year Ended 12/31/2006
   
602,987
     
166,999
     
14,338
     
32,757
     
817,081
 
Year Ended 12/31/2005
   
358,990
     
33,171
     
12,858
     
36,791
     
441,810
 
Year Ended 12/31/2004
   
511,245
     
37,836
     
12,265
     
41,983
     
603,329
 
Year Ended 12/31/2003
   
413,796
     
64,011
     
11,754
     
39,062
     
528,623
 
 
Page 17


Weingarten Realty Investors
Acquisition Summary
(in thousands at prorata share)


Center
City/State
 
Sq. Ft.
of Bldg. Area
at 100%
 
Date
Acquired
Total
Investment
 
Yield
 
                   
Wholly-Owned Acquisitions
                 
                   
Shopping Centers
                 
                   
Scottsdale Horizon
Scottsdale, AZ
   
10
 
01/22/07
       
Entrada De Oro
Tucson, AZ
   
89
 
01/22/07
       
Oracle Crossings
Tucson, AZ
   
254
 
01/22/07
       
Oracle Wetmore
Tucson, AZ
   
287
 
01/22/07
       
Cherokee Plaza
Atlanta, GA
   
99
 
01/25/07
       
Shoppes at Bears Path
Tucson, AZ
   
44
 
03/13/07
       
Madera Village
Tucson, AZ
   
97
 
03/13/07
       
Oak Grove Market Center
Portland, OR
   
97
 
06/15/07
       
       
 
       
 
 
                     
       
976
          6.30 %
       
 
             
       
 
             
       
 
             
Industrial
     
 
             
       
 
             
Lakeland Interstate Industrial Park I
Lakeland, FL
   
168
 
01/11/07
         
Enterchange at Northlake A
Ashland, VA
   
215
 
04/20/07
         
Enterchange at Walthall D
Colonial Heights, VA
   
287
 
04/20/07
         
Town & Country Commerce Center
Houston, TX
   
206
 
06/29/07
         
       
 
             
       
 
             
       
 
             
       
 
             
       
 
             
       
 
             
       
876
          6.90 %
       
 
             
Other
     
 
             
       
 
             
       
 
             
Arcadia Biltmore Plaza (1)
Phoenix, AZ
   
24
 
01/31/07
         
       
 
             
       
 
             
       
24
          5.60 %
       
 
             
       
 
             
       
 
             
Subtotal - Wholly Owned Acquisitions
     
1,876
          6.40 %
       
 
             
Joint Venture Acquisitions
     
 
             
       
 
             
Shopping Centers
     
 
             
       
 
             
Sunrise West (25%)
Sunrise, FL
   
76
 
01/26/07
         
Cole Park Plaza (25%)
Chapel Hill, NC
   
82
 
02/01/07
         
       
 
             
       
 
             
       
159
          6.60 %
       
 
             
Industrial
     
 
             
       
 
             
Enterchange at Northlake C (20%)
Ashland, VA
   
293
 
04/20/07
         
Enterchange at Meadowville (20%)
Chester, VA
   
227
 
04/20/07
         
Interport Business Center A (20%)
Richmond, VA
   
447
 
04/20/07
         
Interport Business Center B (20%)
Richmond, VA
   
118
 
05/03/07
         
Interport Business Center C (20%)
Richmond, VA
   
55
 
05/03/07
         
Enterchange at Walthall C (20%)
Colonial Heights, VA
   
262
 
05/03/07
         
Enterchange at Walthall A & B (20%)
Colonial Heights, VA
   
607
 
05/03/07
         
       
 
             
       
 
             
       
 
             
       
2,009
          7.60 %
       
 
             
       
 
             
       
 
             
       
 
             
Subtotal - Joint Venture Acquisitions
     
2,168
          7.40 %
       
 
             
Grand Total Acquisitions (Y-T-D)
     
4,044
   
$268,022
    6.50 %

(1) Acquired office building, a portion of which will be use to house company personnel.

Page 18


Weingarten Realty Investors
Disposition Summary
(in thousands at prorata share)


Center
City/State
 
Sq. Ft
of Bldg. Area
at 100%
 
Date
Sold
 
Sales
Proceeds
   
Weighted Sales
Cap
 
                       
Operating Property Sales
                     
                       
                       
                       
Shopping Centers
                     
Southridge Plaza
Austin, TX
   
146
 
3/8/07
           
First Colony Commons
Sugarland, TX
   
410
 
4/2/07
           
Lincoln Place I
Fairview Heights, IL
   
103
 
4/5/07
           
Lincoln Place II
Fairview Heights, IL
   
170
 
4/5/07
           
Prien Lake Plaza (1)
Lake Charles, LA
   
129
 
5/15/07
           
Gold Creek
Elizabeth, CO
   
27
 
5/8/07
           
Bridges at Smoky Hill
Aurora, CO
   
20
 
5/25/07
           
Village Shoppes of Sugarloaf
Lawrenceville, GA
   
148
 
6/27/07
           
       
 
               
       
 
               
Subtotal - Shopping Centers
     
1,152
              6.70 %
       
 
                 
       
 
                 
       
 
                 
Total Operating Property Sales (Y-T-D)
     
1,152
      $
178,387
      6.70 %
                             
                             
Land and Merchant Development Sales
                           
                             
Shopping Centers
                           
                             
Boswell Towne Center
Saginaw, Texas
       
1/18/07
               
Lake Pointe Market Center
Rowlett (Dallas), Texas
       
2/2/07
               
1855 Dornoch Court
San Diego, CA
       
5/10/07
               
1725 Dornoch Court
San Diego, CA
       
5/10/07
               
                             
                             
                             
                             
Total Land and Merchant Development Sales (Y-T-D)
              $
29,932
         
                             
                             
Grand Total
              $
208,319
         

(1) Sold all except for 3 lots.

Page 19

 
   
Weingarten Realty Investors
   
Properties Currently Under Development
   
(in thousands at prorata share, except percentage)
                                                             
                                                       
                   
Total Square Feet
   
Spent
                     
                   
of Building Area (1)
   
Year-To
   
Spent
               
             
Percent
         
WRI’s
   
Date
   
Inception
   
Total Estimated Investment
   
Est. Final
 
Estimated
   
Center Name
Location
 
Anchor
 
 Ownership
   
Total
   
 Share
   
2007
   
 To Date
   
WRI Costs
   
Gross Costs
   
ROI %
 
 Stabilization
                                                             
 
1
 
Glenwood Meadows *
Glenwood Springs (Denver), Colorado
 
Target (O.B.O.)
    41 %    
403
     
114
    $
415
    $
11,696
    $
11,696
    $
28,527
       
1Q'08
 
2
 
Buckingham Square
Aurora (Denver), Colorado
 
Target (O.B.O.)
    50 %    
930
     
254
     
1,345
     
2,626
     
15,572
     
31,143
       
2010
 
3
 
River Point at Sheridan
Sheridan (Denver), Colorado
 
Target / Costco
    50 %    
780
     
225
      (16,116 )    
4,525
     
27,352
     
54,704
       
2009
 
4
 
Raintree Ranch Center
Chandler (Phoenix), Arizona
 
Whole Foods
    100 %    
137
     
137
     
7,082
     
20,227
     
27,242
     
27,242
       
4Q'07
 
 
                                                                         
Total Western Region
                 
2,250
     
730
      (7,274 )    
39,074
     
81,862
     
141,617
         
 
 
                                                                         
 
5
 
Starr Plaza *
Rio Grande City, Texas
 
Beall's / H.E.B
    50 %    
185
     
93
     
23
     
10,215
     
10,263
     
20,527
       
3Q'06
 
6
 
Sharyland Towne Crossing *
Mission, Texas
 
Target (O.B.O.) / H.E.B
    50 %    
489
     
179
     
6,953
     
20,214
     
24,522
     
49,045
       
4Q'07
 
7
 
Market at Nolana *
McAllen, Texas
 
Wal-Mart (O.B.O.)
    50 %    
263
     
30
     
1,126
     
4,002
     
5,290
     
10,580
       
4Q'08
 
8
 
Market at Sharyland Place*
Mission, Texas
 
Kohl's
    50 %    
113
     
56
      (24 )    
1,655
     
2,876
     
5,752
       
2Q'08
 
9
 
North Sharyland Crossing*
Mission, Texas
        50 %    
342
     
171
     
30
     
3,637
     
12,140
     
24,280
       
4Q'08
                                                                             
Total Central Region
                 
1,392
     
529
     
8,108
     
39,723
     
55,092
     
110,184
         
                                                                             
 
10
 
Phillips Village
Orlando, Florida
 
Wal-Mart (O.B.O.)
    100 %    
66
     
66
     
5,726
     
11,334
     
14,583
     
14,583
       
1Q'08
 
11
 
Ridgeway Trace
Memphis, Tennessee
 
Target (O.B.O)
    100 %    
340
     
207
     
2,111
     
29,669
     
58,985
     
58,985
       
2010
 
12
 
Clermont Landing
Clermont (Orlando), Florida
 
JC Penny (O.B.O)
    55 %    
313
     
103
     
5,744
     
5,744
     
17,031
     
30,965
       
2009
 
13
 
Palm Coast Landing at Town Center
Palm Coast, Florida
 
Target (O.B.O)
    50 %    
423
     
114
     
5,849
     
5,849
     
20,197
     
40,393
       
2009
 
14
 
Waterford Village
Leland (Wilmington), North Carolina
 
Harris Teeter
    75 %    
118
     
89
     
120
     
6,492
     
12,785
     
17,046
       
3Q'08
 
15
 
S. Fulton Town Center
Atlanta, Georgia
 
Wal-Mart (O.B.O.)
    50 %    
444
     
134
     
9,371
     
9,371
     
23,093
     
46,186
       
2010
 
16
 
Phillips Crossing
Orlando, Florida
 
Whole Foods
    100 %    
141
     
141
     
2,721
     
3,839
     
22,498
     
22,498
       
4Q'08
 
17
 
Colonial Landing
Orlando, Florida
 
PetsMart / Bed, Bath & Beyond
    50 %    
265
     
132
     
970
     
12,021
     
14,985
     
29,971
       
4Q'08
                                                                             
Total Eastern Region
                 
2,109
     
985
     
32,612
     
84,319
     
184,156
     
260,627
         
                                                                             
     
Total 17 Properties currently Under Development to be held by WRI      
   
5,751
     
2,244
    $
33,446
    $
163,116
    $
321,110
    $
512,428
      9.5 %  
                                                                               
 
1
 
Village at Liberty Lake *
Liberty Lake (Spokane), Washington
 
Home Depot (O.B.O.)
    50 %    
159
     
5
     
13
     
902
     
902
     
1,804
         
4Q'07
 
2
 
Mohave Crossroads - PH I, II & III
Bullhead City, Arizona
 
Target (O.B.O)
    100 %    
233
     
233
     
5,116
     
5,116
     
48,639
     
48,639
         
2009
 
3
 
Jess Ranch Phase III *
Apple Valley (Los Angeles), California
 
Best Buy / Bed, Bath & Beyond
    50 %    
194
     
97
     
5,488
     
5,488
     
22,181
     
44,362
         
2010
 
4
 
Laveen Village Phase II
Phoenix, Arizona
 
Home Depot (O.B.O.)
    100 %    
196
     
56
     
4,900
     
14,367
     
14,367
     
14,367
         
2Q'07
 
5
 
The Shoppes at Parkwood Ranch
Mesa (Phoenix), Arizona
 
Hobby Lobby
    100 %    
121
     
108
     
6,043
     
6,043
     
18,862
     
18,862
         
2009
 
6
 
Jess Ranch Marketplace*
Apple Valley (Los Angeles), California
 
Winco (O.B.O.)
    50 %    
307
     
107
     
3,149
     
6,349
     
18,164
     
36,328
         
3Q'08
                                                                               
Total Western Region     
     
1,209
     
605
     
24,709
     
38,265
     
123,115
     
164,362
           
                                                                               
 
7
 
North Towne Plaza
Brownsville, Texas
 
Lowe's (O.B.O.)
    75 %    
396
     
209
     
312
     
5,331
     
30,524
     
40,699
         
2010
 
8
 
Westwood Center
San Antonio, Texas
        100 %    
276
     
101
     
11,057
     
11,057
     
16,826
     
16,826
         
2010
 
9
 
Horne Street
Fort Worth, Texas
 
24 Hour Fitness
    100 %    
54
     
54
     
4,280
     
4,280
     
13,250
     
13,250
         
2010
 
10
 
Stevens Ranch
San Antonio, Texas
 
Target, JCP, HEB, Lowes
    50 %    
936
     
282
     
18,665
     
18,665
     
40,991
     
81,983
         
2013
 
11
 
Festival Plaza
Helotes (San Antonio), Texas
        100 %    
257
     
49
     
88
     
852
     
7,643
     
7,643
         
2011
 
12
 
Gateway Station
Burleson (Fort Worth), Texas
 
Kohl's (O.B.O.) / Conn's
    70 %    
100
     
69
     
88
     
1,369
     
8,951
     
12,788
         
2009
 
13
 
Westover Square
San Antonio, Texas
 
Target (O.B.O.) / Lowe's (O.B.O.)
    67 %    
60
     
0
     
3
     
3,055
     
3,911
     
5,838
         
2009
 
14
 
River Pointe Apartments II
Conroe (Houston), Texas
 
N/A
    100 %    
217
     
217
     
9,274
     
16,374
     
16,374
     
16,374
         
2009
 
15
 
Rock Prairie Marketplace
College Station, Texas
 
HEB (O.B.O)
    100 %    
329
     
173
     
4,213
     
16,533
     
28,145
     
28,145
         
2011
 
16
 
Tomball Marketplace
Tomball (Houston), Texas
 
Academy (O.B.O.)
    100 %    
372
     
183
     
5,883
     
21,718
     
32,068
     
32,068
         
2009
                                                                               
Total Central Region    
       
2,998
     
1,337
     
53,863
     
99,234
     
198,684
     
255,613
           
                                                                               
 
17
 
Surf City Crossing
Surf City (Wilmington), North Carolina
 
Harris Teeter
    100 %    
71
     
71
     
1,636
     
4,931
     
6,728
     
6,728
         
2011
 
18
 
Southern Pines
Southern Pines, North Carolina
        100 %    
220
     
79
     
8,458
     
8,458
     
20,857
     
20,857
         
2010
 
19
 
Shoppes at Caveness Farms  (Retail Tracts)
Wake Forest (Raleigh), North Carolina
        100 %    
297
     
297
      (485 )    
11,995
     
51,354
     
51,354
         
2009
 
20
 
Crabtree Towne Center
Raleigh, North Carolina
        100 %    
256
     
256
     
19,818
     
19,817
     
108,385
     
108,385
         
2011
                                                                               
Total Eastern Region
                 
843
     
702
     
29,427
     
45,201
     
187,325
     
187,325
           
                                                                               
                                                                               
     
Total 20 proposed merchant build properties currently under development      
   
5,050
     
2,645
    $
107,999
    $
182,700
    $
509,124
    $
607,300
      8.8 %  
                                                                               
     
Total 37 properties in various stages of development      
   
10,801
     
4,889
    $
141,445
    $
345,816
    $
830,234
    $
1,119,728
      9.1 %  
                                                                               
                                                                               
     
*   Unconsolidated Joint Venture      
                                                         
                                                                               
     
O.B.O - Owned By Other     
(1)  Total  Building Area square footage reflects 100% ownership including square feet that is owned by other.  WRI's share of building area square footage reflects WRI's ownership percentage excluding square feet owned by other.                             
 
Page 20


Weingarten Realty Investors
 
Total Operating Income at Prorata Share by Geographic Region (1)
 
(in thousands, except percentages)
 
                                                                         
                                                                         
   
Six Months Ended June 30,
   
Twelve Months Ended December 31,
 
   
2007
   
%
   
2006
   
%
   
2006
   
%
   
2005
   
%
   
2004
   
%
   
2003
   
%
 
                                                                         
Western Region
                                                                       
California
  $
19,125
      13.7 %   $
18,727
      15.0 %   $
38,437
      15.2 %   $
36,715
      15.5 %   $
32,188
      15.4 %   $
26,178
      14.8 %
Nevada
   
11,288
      8.1 %    
9,793
      7.9 %    
19,170
      7.6 %    
16,949
      7.2 %    
13,208
      6.3 %    
11,862
      6.7 %
Arizona
   
7,807
      5.6 %    
4,993
      4.0 %    
10,232
      4.1 %    
9,926
      4.2 %    
8,648
      4.1 %    
8,038
      4.5 %
Colorado
   
3,753
      2.7 %    
3,598
      2.9 %    
7,484
      3.0 %    
6,211
      2.6 %    
6,253
      3.0 %    
3,423
      1.9 %
New Mexico
   
3,265
      2.3 %    
3,287
      2.6 %    
6,523
      2.6 %    
5,445
      2.3 %    
4,268
      2.0 %    
3,442
      1.9 %
Utah
   
1,169
      0.8 %    
1,098
      0.9 %    
2,224
      0.9 %    
2,014
      0.9 %    
1,763
      0.8 %     (2 )     0.0 %
Washington
   
529
      0.4 %    
30
      0.0 %    
207
      0.1 %    
-
      0.0 %    
-
      0.0 %    
-
      0.0 %
Oregon
   
210
      0.2 %    
-
      0.0 %    
34
      0.0 %    
-
      0.0 %    
-
      0.0 %    
-
      0.0 %
Total Western Region
   
47,146
      33.8 %    
41,526
      33.3 %    
84,311
      33.5 %    
77,260
      32.7 %    
66,328
      31.6 %    
52,941
      29.8 %
                                                                                                 
Central Region
                                                                                               
Texas
  $
39,917
      28.6 %   $
41,696
      33.5 %   $
78,809
      31.2 %   $
81,739
      34.5 %   $
72,964
      35.0 %   $
74,878
      42.2 %
Louisiana
   
3,832
      2.7 %    
3,194
      2.6 %    
6,727
      2.7 %    
8,417
      3.6 %    
11,720
      5.6 %    
6,640
      3.7 %
Arkansas
   
1,091
      0.8 %    
1,033
      0.8 %    
2,183
      0.9 %    
3,481
      1.5 %    
1,823
      0.9 %    
1,288
      0.7 %
Kansas
   
755
      0.5 %    
425
      0.3 %    
1,241
      0.5 %    
1,049
      0.4 %    
1,548
      0.7 %    
1,785
      1.0 %
Missouri
   
691
      0.5 %    
650
      0.5 %    
1,238
      0.5 %    
1,334
      0.6 %    
1,383
      0.7 %    
1,425
      0.8 %
Oklahoma
   
357
      0.3 %    
279
      0.2 %    
513
      0.2 %    
436
      0.2 %    
585
      0.3 %    
540
      0.3 %
Mississippi
   
-
      0.0 %     (6 )     0.0 %     (6 )     0.0 %     (1 )     0.0 %    
-
      0.0 %     (15 )     0.0 %
Total Central Region
   
46,643
      33.4 %    
47,271
      37.9 %    
90,705
      36.0 %    
96,455
      40.8 %    
90,023
      43.2 %    
86,541
      48.7 %
                                                                                                 
Eastern Region
                                                                                               
Florida
  $
24,072
      17.2 %   $
18,947
      15.2 %   $
41,807
      16.6 %   $
34,012
      14.4 %   $
30,223
      14.5 %   $
23,811
      13.4 %
North Carolina
   
9,888
      7.1 %    
8,619
      6.9 %    
17,273
      6.8 %    
14,073
      5.9 %    
11,038
      5.3 %    
8,398
      4.7 %
Georgia
   
6,895
      4.8 %    
3,494
      2.9 %    
8,865
      3.5 %    
7,016
      2.9 %    
5,022
      2.5 %    
2,096
      1.3 %
Tennessee
   
2,312
      1.7 %    
2,531
      2.1 %    
5,069
      1.9 %    
4,313
      1.8 %    
3,950
      2.0 %    
3,358
      2.0 %
Kentucky
   
2,159
      1.5 %    
1,887
      1.6 %    
4,113
      1.5 %    
3,441
      1.4 %    
1,507
      0.7 %    
-
      0.0 %
Virginia
   
474
      0.3 %    
-
      0.0 %    
-
      0.0 %    
-
      0.0 %    
-
      0.0 %    
-
      0.0 %
Maine
   
91
      0.1 %    
108
      0.1 %    
224
      0.1 %    
350
      0.1 %    
318
      0.2 %    
89
      0.1 %
South Carolina
   
84
      0.1 %    
54
      0.0 %    
154
      0.1 %    
-
      0.0 %    
-
      0.0 %    
-
      0.0 %
Total Eastern Region
   
45,975
      32.8 %    
35,640
      28.8 %    
77,505
      30.5 %    
63,205
      26.5 %    
52,058
      25.2 %    
37,752
      21.5 %
                                                                                                 
Total Operating Income
  $
139,764
      100.0 %   $
124,437
      100.0 %   $
252,521
      100.0 %   $
236,920
      100.0 %   $
208,409
      100.0 %   $
177,234
      100.0 %

(1)  The Operating Income at Prorata Share includes the real estate operations of joint ventures at WRI's ownership percentages ranging from 20% to 81% except for the operations of down-reit partnerships,  which are included at 100% with the applicable minority interest.  Prorata financial information is not, and is not intended to be, a presentation in accordance with generally accepted accounting principles.

Page 21

 
Weingarten Realty Investors
Average Base Rents
June 30, 2007
In Thousands, except per square foot amounts
Economics reflect WRI's prorata ownership interest

                     
Occupied
SF
   
Annualized
Rents
   
Avg. Base
Rents
   
Occupied
SF
   
Annualized
Rents
   
Avg. Base
Rents
 
   
# of
Properties
   
GLA
   
Total ABR
   
Greater than 10K SF
   
Less than 10K SF
 
Retail
       
 
                                           
West
       
 
                                           
                                                                         
Arizona
   
23
     
2,059
    $
13.14
     
1,209
    $
10,495
    $
8.68
     
702
    $
14,615
    $
20.81
 
California
   
26
     
3,552
    $
15.56
     
2,004
    $
19,794
    $
9.88
     
1,374
    $
32,750
    $
23.84
 
Colorado
   
11
     
1,006
    $
13.61
     
634
    $
6,058
    $
9.56
     
333
    $
7,098
    $
21.31
 
New Mexico
   
6
     
1,007
    $
13.24
     
513
    $
5,592
    $
10.89
     
262
    $
4,664
    $
17.83
 
Nevada
   
13
     
2,773
    $
12.38
     
1,953
    $
16,951
    $
8.68
     
698
    $
15,884
    $
22.75
 
Oregon
   
2
     
23
    $
17.84
     
13
    $
197
    $
15.59
     
10
    $
208
    $
20.67
 
Utah
   
3
     
303
    $
12.39
     
200
    $
2,065
    $
10.35
     
100
    $
1,645
    $
16.48
 
Washington
   
5
     
87
    $
16.72
     
64
    $
923
    $
14.48
     
20
    $
470
    $
24.01
 
     
89
     
10,809
    $
13.82
     
6,589
    $
62,075
    $
9.42
     
3,498
    $
77,334
    $
22.11
 
Central
                                                                       
Arkansas
   
3
     
358
    $
8.42
     
310
    $
2,291
    $
7.39
     
46
    $
707
    $
15.48
 
Kansas
   
2
     
251
    $
10.49
     
192
    $
1,904
    $
9.92
     
40
    $
532
    $
13.20
 
Louisiana
   
13
     
1,518
    $
8.82
     
824
    $
4,849
    $
5.89
     
584
    $
7,562
    $
12.96
 
Missouri
   
2
     
229
    $
9.38
     
136
    $
1,095
    $
8.06
     
48
    $
633
    $
13.09
 
Oklahoma
   
2
     
172
    $
7.14
     
107
    $
580
    $
5.40
     
50
    $
542
    $
10.93
 
Texas
   
115
     
12,931
    $
11.46
     
7,287
    $
59,982
    $
8.23
     
4,356
    $
73,427
    $
16.86
 
     
137
     
15,459
    $
11.02
     
8,856
    $
70,701
    $
7.98
     
5,124
    $
83,403
    $
16.28
 
East
                                                                       
Florida
   
36
     
4,889
    $
13.40
     
3,066
    $
30,699
    $
10.01
     
1,578
    $
31,524
    $
19.97
 
Georgia
   
13
     
1,401
    $
13.59
     
884
    $
8,799
    $
9.95
     
458
    $
9,446
    $
20.61
 
Kentucky
   
4
     
603
    $
13.00
     
263
    $
2,303
    $
8.75
     
270
    $
4,634
    $
17.13
 
Maine
   
1
     
154
    $
5.36
     
96
    $
459
    $
4.80
     
36
    $
247
    $
6.87
 
North Carolina
   
23
     
2,521
    $
11.02
     
1,603
    $
12,190
    $
7.60
     
876
    $
15,123
    $
17.26
 
South Carolina
   
1
     
22
    $
14.26
     
5
    $
45
    $
8.50
     
14
    $
234
    $
16.38
 
Tennessee
   
6
     
651
    $
10.53
     
421
    $
3,489
    $
8.29
     
165
    $
2,675
    $
16.26
 
     
84
     
10,241
    $
12.52
     
6,338
    $
57,983
    $
9.15
     
3,399
    $
63,882
    $
18.80
 
Total Retail
   
310
     
36,509
    $
12.29
     
21,783
    $
190,759
    $
8.76
     
12,020
    $
224,619
    $
18.69
 
Industrial
                                                                       
West
                                                                       
California
   
1
     
145
    $
6.78
     
124
    $
826
    $
6.64
     
2
    $
27
    $
17.45
 
     
1
     
145
    $
6.78
     
124
    $
826
    $
6.64
     
2
    $
27
    $
17.45
 
Central
                                                                       
Texas
   
56
     
7,004
    $
5.32
     
4,368
    $
19,711
    $
4.51
     
1,938
    $
13,844
    $
7.14
 
     
56
     
7,004
    $
5.32
     
4,368
    $
19,711
    $
4.51
     
1,938
    $
13,844
    $
7.14
 
East
                                                                       
Florida
   
5
     
1,665
    $
4.23
     
1,588
    $
6,703
    $
4.22
     
17
    $
85
    $
4.97
 
Georgia
   
7
     
956
    $
4.12
     
849
    $
3,488
    $
4.11
     
21
    $
92
    $
4.43
 
Tennessee
   
3
     
685
    $
2.70
     
609
    $
1,643
    $
2.70
     
1
    $
5
    $
7.60
 
Virginia
   
9
     
502
    $
4.54
     
745
    $
3,327
    $
4.47
     
6
    $
81
    $
12.75
 
     
24
     
3,808
    $
4.02
     
3,790
    $
15,159
    $
4.00
     
45
    $
263
    $
5.85
 
Total Industrial
   
81
     
10,957
    $
4.85
     
8,282
    $
35,697
    $
4.31
     
1,985
    $
14,134
    $
7.12
 
 
Joint venture properties are reflected at WRI prorata share
Occupied SF based on commenced leases
# of properties and GLA differ from property list due to new development properties with no commenced leases

Page 22

 
Weingarten Realty Investors
Property Listing at June 30, 2007
 

               
Gross Leasable Area
       
ALL PROPERTIES BY STATE
 
# of
Properties
   
WRI
Owned
   
Joint Venture
Share
   
Owned
by Other
     
Total
 
                               
Arizona
   
25
     
2,203,522
     
-
     
888,701
     
3,092,223
 
Arkansas
   
3
     
357,740
     
-
     
-
     
357,740
 
California
   
29
     
3,796,173
     
680,614
     
457,608
     
4,934,394
 
Colorado
   
13
     
1,035,533
     
793,469
     
859,236
     
2,688,236
 
Florida
   
45
     
6,637,247
     
1,607,890
     
783,822
     
9,028,960
 
Georgia
   
19
     
2,377,835
     
612,283
     
716,003
     
3,706,121
 
Kansas
   
2
     
250,752
     
-
     
-
     
250,752
 
Kentucky
   
4
     
603,142
     
-
     
76,410
     
679,552
 
Louisiana
   
16
     
1,633,709
     
402,401
     
866,792
     
2,902,902
 
Maine
   
1
     
153,776
     
51,258
     
-
     
205,034
 
Missouri
   
2
     
229,182
     
28,267
     
-
     
257,449
 
Nevada
   
12
     
2,773,000
     
123,264
     
625,737
     
3,522,000
 
New Mexico
   
6
     
1,006,702
     
-
     
396,750
     
1,403,452
 
North Carolina
   
29
     
2,613,117
     
134,650
     
742,374
     
3,490,141
 
Oklahoma
   
2
     
171,804
     
-
     
-
     
171,804
 
Oregon
   
3
     
119,939
     
90,927
     
62,600
     
273,466
 
South Carolina
   
1
     
21,686
     
65,060
     
-
     
86,746
 
Tennessee
   
9
     
1,336,034
     
455,189
     
-
     
1,791,223
 
Texas
   
176
     
20,302,950
     
2,779,975
     
2,547,289
     
25,630,212
 
Utah
   
3
     
306,638
     
60,772
     
296,357
     
663,767
 
Virginia
   
9
     
788,083
     
1,607,137
     
-
     
2,395,220
 
Washington
   
5
     
86,877
     
332,505
     
198,220
     
617,603
 
Grand Total
   
414
     
48,805,441
     
9,825,661
     
9,517,899
     
68,148,997
 
Total Retail
   
336
     
37,145,004
     
4,643,732
     
9,517,899
     
51,306,631
 
Total Industrial
   
75
     
11,488,236
     
5,181,929
     
-
     
16,670,165
 
Total Other
   
3
     
172,201
     
-
     
-
     
172,201
 
 
Footnotes for detail property listing
(1)
Denotes partial ownership.  The square feet figures represent WRI's proportionate ownership of the property held by the joint venture or partnership.
 
(2)
Denotes property currently under development.
 
(3)
Denotes properties that are not consolidated for SEC reporting purposes.
 
(+)
Denotes supermarket or discount store offering full service grocery along with general merchandise.
 
NOTE:  Square feet is reflective of area available to be leased.  Certain listed properties may have additional square feet under WRI ownership.

Page 23


Weingarten Realty Investors
 
Property Listing at June 30, 2007
 
                         
Gross Leasable Area
       
Center
Location
 
Anchors
   
WRI
Owned %
 
 
Foot Notes
 
WRI
Owned
   
Joint
Venture
Share
   
Owned by
Other
   
Total
 
                                         
Retail
                                       
Operating Properties
                                       
Arizona
                                       
Palmilla Center
Dysart Rd. at McDowell Rd., Avondale
 
Office Max, PetsMart, Dollar Tree, Fry’s Supermarket + (O.B.O.)
      100.0 %      
103,568
     
0
     
65,574
     
169,142
 
University Plaza
Plaza Way at Milton Rd., Flagstaff
 
PetsMart, Safeway +, Ross Dress for Less, Bed Bath & Beyond
      100.0 %      
165,882
     
0
     
0
     
165,882
 
Val Vista Towne Center
Warner at Val Vista Rd., Gilbert
 
Target (O.B.O.), Staples, Ross Dress for Less, Petco
      100.0 %      
93,372
     
0
     
123,000
     
216,372
 
Arrowhead Festival S.C.
75th Ave. at W. Bell Rd., Glendale
 
Borders (O.B.O.), Sports Authority (O.B.O.), Toys “R” Us (O.B.O.), Bed Bath
 & Beyond (O.B.O.)
      100.0 %      
29,834
     
0
     
146,624
     
176,458
 
Fry's Ellsworth Plaza
Broadway Rd. at Ellsworth Rd., Mesa
 
Fry’s Supermarket + (O.B.O.)
      100.0 %      
9,034
     
0
     
64,574
     
73,608
 
Monte Vista Village Center
Baseline Rd. at  Ellsworth Rd., Mesa
 
Safeway + (O.B.O.)
      100.0 %      
39,751
     
0
     
58,400
     
98,151
 
Red Mountain Gateway
Power Rd. at McKellips Rd., Mesa
 
Target (O.B.O.), Bed Bath & Beyond, Famous Footwear
      100.0 %      
69,568
     
0
     
136,000
     
205,568
 
Camelback Village Square
Camelback at 7th Avenue, Phoenix
 
Fry’s Supermarket +, Target (O.B.O.), Office Max
      100.0 %      
134,494
     
0
     
100,000
     
234,494
 
Rancho Encanto
35th Avenue at Greenway Rd., Phoenix
 
Blockbuster
      100.0 %      
70,909
     
0
     
0
     
70,909
 
Squaw Peak Plaza
16th Street at Glendale Ave., Phoenix
 
Basha's, Blockbuster
      100.0 %      
60,560
     
0
     
0
     
60,560
 
Fountain Plaza
77th St. at McDowell, Scottsdale
 
Fry’s Supermarket +, Dollar Tree
      100.0 %      
102,271
     
0
     
0
     
102,271
 
Scottsdale Horizon
Frank Lloyd Wright Blvd and Thompson Peak
Parkway, Scottsdale
 
Baja Fresh Mexican Grill
      100.0 %      
10,377
     
0
     
0
     
10,377
 
Broadway Marketplace
Broadway at Rural, Tempe
 
Office Max, Ace Hardware
      100.0 %      
82,757
     
0
     
0
     
82,757
 
Fry's Valley Plaza
S. McClintock at E. Southern, Tempe
 
Basha’s +
      100.0 %      
145,104
     
0
     
0
     
145,104
 
Pueblo Anozira
McClintock Dr. at Guadalupe Rd., Tempe
 
Fry’s Food & Drug +, Petco, Dollar Tree
      100.0 %      
157,359
     
0
     
0
     
157,359
 
Entrada de Oro
Magee Road and Oracle Road, Tucson
 
Walmart
      100.0 %      
88,685
     
0
     
20,406
     
109,091
 
Madera Village
Tanque Verde Rd. and Catalina Hwy, Tucson
 
Safeway +, Walgreen's, Ace Hardware
      100.0 %      
96,732
     
0
     
10,594
     
107,326
 
Oracle Crossings
Oracle Highway and Magee Road, Tucson
 
Kohl's, Sprouts Farmers Market, Peter Piper Pizza
      100.0 %      
220,173
     
0
     
10,000
     
230,173
 
Oracle Wetmore
Wetmore Road and Oracle Highway, Tucson
 
Home Depot , Circuit City, PetSmart, Walgreens
      100.0 %      
256,226
     
0
     
0
     
256,226
 
Shoppes at Bears Path
Tanque Verde Rd. and Bear Canyon Rd., Tucson
 
Osco Drug (O.B.O.)
      100.0 %      
40,928
     
0
     
21,851
     
62,779
 
Arizona Total:
# of Properties:20
   
 
     
 
       
1,977,584
     
0
     
757,023
     
2,734,607
 
Arkansas
                                                   
Markham Square
W. Markham at John Barrow, Little Rock
 
Burlington Coat Factory
      100.0 %      
126,904
     
0
     
0
     
126,904
 
Markham West
11400 W. Markham, Little Rock
 
Office Depot, Michael’s, Academy, Bassett Furniture, Dollar Tree
      100.0 %      
178,210
     
0
     
0
     
178,210
 
Westgate
Cantrell at Bryant, Little Rock
 
SteinMart
      100.0 %      
52,626
     
0
     
0
     
52,626
 
Arkansas Total:
# of Properties: 3
   
 
     
 
       
357,740
     
0
     
0
     
357,740 
 
California
                                                   
Centerwood Plaza
Lakewood Blvd. at Alondra Dr., Bellflower
 
Bestway Supermarket +, Hollywood Video
      100.0 %      
75,725
     
0
     
0
     
75,725
 
Southampton Center
IH-780 at Southampton Rd., Benecia
 
Raley’s +, Hollywood Video
      100.0 %      
162,390
     
0
     
0
     
162,390
 
580 Market Place
E. Castro Valley at Hwy. I-580, Castro Valley
 
P. W. Supermarkets +, PETCO
      100.0 %      
100,165
     
0
     
0
     
100,165
 
Chino Hills Marketplace
Chino Hills Pkwy. at Pipeline Ave., Chino Hills
 
Rite Aid, Von’s +, 24 Hour Fitness, Dollar Tree
      100.0 %      
309,098
     
0
     
0
     
309,098
 
Buena Vista Marketplace
Huntington Dr. at Buena Vista St., Duarte
 
Ralphs +
      100.0 %      
90,805
     
0
     
0
     
90,805
 
El Camino Promenade
El Camino Real at Via Molena, Encinitas
 
T.J. Maxx, Beverages & More, Staples
      100.0 %      
110,783
     
0
     
0
     
110,783
 
Fremont Gateway Plaza
Paseo Padre Pkwy. at Walnut Ave., Fremont
 
Raley’s +, NAZ Cinema, 24 Hour Fitness
      100.0 %      
194,817
     
0
     
0
     
194,817
 
Hallmark Town Center
W. Cleveland Ave. at Stephanie Ln., Madera
 
Food 4 Less + , Bally’s
      100.0 %      
85,066
     
0
     
0
     
85,066
 
Menifee Town Center
Antelope Rd. at Newport Rd., Menifee
 
Ralphs +, Target (O.B.O.), Ross Dress for Less
      100.0 %      
124,459
     
0
     
124,000
     
248,459
 
Marshalls Plaza
McHenry at Sylvan Ave., Modesto
 
Marshall’s, Dress Barn, Guitar Center
      100.0 %      
78,752
     
0
     
0
     
78,752
 
Prospectors Plaza
Missouri Flat Rd. at US Hwy. 50, Placerville
 
SaveMart +, Kmart, Long’s Drug Store
      100.0 %      
228,345
     
0
     
0
     
228,345
 
Shasta Crossroads
Churn Creek Rd. at Dana Dr., Redding
 
Food Maxx +, Target (O.B.O.), Sport Authority (O.B.O.), Ashley Furniture
(O.B.O.)
      100.0 %      
121,334
     
0
     
131,468
     
252,802
 
Ralphs Redondo
Hawthorne Blvd. at 182nd St., Redondo
 
Ralphs +
      100.0 %      
66,700
     
0
     
0
     
66,700
 
Arcade Square
Watt Ave. at Whitney Ave., Sacramento
 
Grocery Outlet +, Hollywood Video
      100.0 %      
76,497
     
0
     
0
     
76,497
 
Discovery Plaza
W. El Camino Ave. at Truxel Rd., Sacramento
 
Bel Air Market +, Blockbuster
      100.0 %      
93,398
     
0
     
0
     
93,398
 
 
Page 24


Weingarten Realty Investors
 
Property Listing at June 30, 2007
 
                           
Gross Leasable Area
       
Center
Location
 
Anchors
   
WRI
Owned %
 
Foot Notes
   
WRI
Owned
   
Joint
Venture
Share
   
Owned by
Other
   
Total
 
Summerhill Plaza
Antelope Rd. at Lichen Dr., Sacramento
 
Raley’s +
      100.0 %        
133,614
     
0
     
0
     
133,614
 
Valley
Franklin Boulevard and Mack Road,
 
Raley's +, Hollywood Video (O.B.O.)
      100.0 %        
98,240
     
0
     
5,365
     
103,605
 
Silver Creek Plaza
E. Capital Expressway at Silver Creek Blvd., San Jose
 
Safeway +, Walgreen’s, Orchard Supply (O.B.O.)
      100.0 %        
130,729
     
0
     
65,000
     
195,729
 
Greenhouse Marketplace
Lewelling Blvd. at Washington Ave., San Leandro
 
Safeway + (O.B.O.), Longs Drug Stores (O.B.O.), Big Lots, 99 Cents Only,
      100.0 %        
151,658
     
0
     
86,569
     
238,227
 
Rancho San Marcos Village
San Marcos Blvd. at Rancho Santa Fe Rd., San Marcos
 
Von’s + , 24 Hour Fitness
      100.0 %        
120,829
     
0
     
0
     
120,829
 
San Marcos Plaza
San Marcos Blvd. at Rancho Santa Fe Rd., San Marcos
 
Albertsons + (O.B.O.)
      100.0 %        
35,880
     
0
     
45,206
     
81,086
 
Stony Point Plaza
Stony Point Rd. at Hwy. 12, Santa Rosa
 
Food Maxx +, Hollywood Video
      100.0 %        
198,528
     
0
     
0
     
198,528
 
Sunset Center
Sunset Ave. at State Hwy. 12, Suisun City
 
Albertsons +, Rite Aid
      100.0 %        
85,238
     
0
     
0
     
85,238
 
Creekside Center
Alamo Dr. at Nut Creek Rd., Vacaville
 
Raley’s +, Blockbuster
      100.0 %        
116,229
     
0
     
0
     
116,229
 
Freedom Centre
Freedom Blvd. At Airport Blvd., Watsonville
 
Rite Aid, Big Lots. Safeway
      100.0 %        
151,061
     
0
     
0
     
151,061
 
Westminster Center
Westminster Blvd. at Golden West St., Westminster
 
Albertsons +, Home Depot, Edward’s Cinema, Rite Aid, Petco
      100.0 %        
411,278
     
0
     
0
     
411,278
 
California Total:
# of Properties:26
   
 
     
 
         
3,551,618
     
0
     
457,608
     
4,009,226
 
                                                       
Colorado
                                                     
Aurora City Place
E. Alameda at I225, Aurora
 
PetsMart, Sportsman Warehouse, Linens ‘N Things, Barnes & Noble, Comp USA, Ross Dress For Less, Super Target + (O.B.O.), Pier 1
      50.0 %   (1)(3)      
182,642
     
182,642
     
182,000
     
547,283
 
Academy Place
Academy Blvd. at Union Blvd., Colorado Springs
 
Safeway + (O.B.O.), Ross Dress For Less, Target (O.B.O.)
      100.0 %          
84,057
     
0
     
177,362
     
261,419
 
Uintah Gardens
NEC 19th St. at West Uintah, Colorado
 
King Sooper’s, Walgreens, Petco
      100.0 %          
212,638
     
0
     
0
     
212,638
 
Green Valley Ranch Towne Center
Tower Rd. at 48th Ave., Denver
 
King Sooper’s + (O.B.O.)
      50.0 %   (1)(3)      
20,985
     
20,985
     
58,000
     
99,970
 
Lowry Town Center
2nd Ave. at Lowry Ave., Denver
 
Albertsons + (O.B.O.)
      50.0 %   (1)(3)      
38,370
     
38,370
     
52,700
     
129,439
 
CityCenter Englewood
S. Santa Fe at Hampden Ave., Englewood Total Fitness, Petco
 
Wal-Mart (O.B.O.), Ross Dress for Less, Gart Sports, Office Depot, Bally Total Fitness, Petco
      51.0 %   (1)      
137,977
     
132,566
     
90,000
     
360,543
 
Highlands Ranch University Park
Highlands Ranch at University Blvd., Highlands Ranch
 
Whole Foods Market +
      40.0 %   (1)(3)      
35,368
     
53,052
     
0
     
88,420
 
Crossing at Stonegate
Jordon Rd. at Lincoln Ave., Parker
 
King Sooper’s
      51.0 %   (1)      
55,671
     
53,487
     
0
     
109,158
 
Thorncreek Crossing
Washington St. at 120th St., Thornton
 
Target (O.B.O.), Barnes & Noble, Office Max, Michael’s, Pier 1, Cost Plus, Linens ‘N Things
      51.0 %   (1)      
108,186
     
103,944
     
174,000
     
386,130
 
Westminster Plaza
North Federal Blvd. at 72nd Ave., Westminster
 
Safeway + Walgreen (O.B.O.)
      50.0 %   (1)      
48,521
     
48,521
     
0
     
97,042
 
Colorado Total:
# of Properties:10
   
 
     
 
           
924,415
     
633,567
     
734,062
     
2,292,042
 
Florida
                                                       
Boca Lyons
Glades Rd. at Lyons Rd., Boca Raton
 
Ross Dress for Less, Ethan Allen
      100.0 %          
113,689
     
0
     
0
     
113,689
 
Sunset 19
US Hwy. 19 at Sunset Pointe Rd., Clearwater
 
Publix +, Bed Bath & Beyond, Staples, Comp USA, Barnes & Noble, Sports Authority, Old Navy
      100.0 %          
275,910
     
0
     
0
     
275,910
 
Embassy Lakes
Sheraton St. at Hiatus Rd., Cooper City
 
Winn Dixie +, Walgreen’s, Tuesday Morning
      100.0 %          
131,719
     
0
     
48,214
     
179,933
 
Shoppes at Paradise Isle
34940 Emerald Coast Pkwy, Destin
 
Best Buy, Linens N' Things, Michaels, Office Depot, PetsMart
      25.0 %   (1)(3)      
42,959
     
128,878
     
0
     
171,837
 
Hollywood Hills Plaza
Hollywood Blvd. at North Park Rd., Hollywood
 
Publix +, Target, CVS/pharmacy
      100.0 %          
364,714
     
0
     
0
     
364,714
 
Indian Harbour Place
East Eau Gallie Boulevard, Indian Harbour Beach
 
Beall's, Publix
      25.0 %   (1)(3)      
40,880
     
122,641
     
0
     
163,521
 
Argyle Village
Blanding at Argyle Forest Blvd., Jacksonville
 
Bed Bath & Beyond, Publix +, T.J. Maxx, Babies “R” Us, Jo-Ann’s Fabrics
      100.0 %          
304,447
     
0
     
0
     
304,447
 
TJ Maxx Plaza
117th Avenue at Sunset Blvd., Kendall
 
T.J. Maxx, Winn Dixie +
      100.0 %          
161,871
     
0
     
0
     
161,871
 
Largo Mall
Ulmerton Rd. at Seminole Ave., Largo
 
Beall’s Department Stores, Marshall’s, PetsMart, Bed Bath & Beyond, Staples, Michael’s, Target (O.B.O.), Albertsons + (O.B.O.)
      100.0 %          
377,757
     
0
     
197,631
     
575,388
 
Palm Lakes Plaza
Atlantic Boulevard and Rock Island Road, Maragate
 
Publix, CVS/Pharmacy
      20.0 %   (1)(3)      
22,750
     
91,002
     
0
     
113,752
 
Lake Washington Crossing
Wickham Rd. at Lake Washington Rd., Melbourne
 
Publix +, Beall’s Outlet Stores
      25.0 %   (1)(3)      
29,707
     
89,121
     
0
     
118,828
 
Lake Washington Square
Wickham Rd. at Lake Washington Rd., Melbourne
 
Albertsons +
      100.0 %          
111,811
     
0
     
0
     
111,811
 
 
Page 25


Weingarten Realty Investors
 
Property Listing at June 30, 2007

                             
Gross Leasable Area
       
 
Center
 
 
Location
 
 
Anchors
   
WRI
Owned %
   
Foot Notes
   
WRI
Owned
   
Joint
Venture
Share
   
Owned by
Other
   
Total
 
Kendall Corners
Kendall Drive and SW 127th Avenue, Miami
 
City Furniture
      20.0 %     (1)(3)      
19,303
     
77,212
     
0
     
96,515
 
South Dade
South Dixie Highway and Eureka Drive, Miami
 
Publix, Petco, Chuck E. Cheese, Bed Bath & Beyond
      20.0 %     (1)(3)      
43,895
     
175,578
     
0
     
219,473
 
Tamiami Trail Shops
S.W. 8th St. at S.W. 137th Ave., Miami
 
Publix +, CVS/pharmacy
      100.0 %            
110,867
     
0
     
0
     
110,867
 
Northridge
E. Commercial Blvd. at Dixie Hwy., Oakland Park
 
Publix +, Petco, Ross Dress for Less, Anna's Linen
      100.0 %            
238,069
     
0
     
0
     
238,069
 
Colonial Plaza
E. Colonial Dr. at Primrose Dr., Orlando
 
Staples, Circuit City, Ross Dress for Less, Linens ‘N Things, Babies “R” Us, Marshall’s, Old Navy, SteinMart, Barnes & Noble, Petco
      100.0 %            
487,899
     
0
     
0
     
487,899
 
International Drive Value Center
International Drive and Touchstone Drive, Orlando
 
Bed Bath & Beyond, Ross, TJ Maxx, Old Navy
      20.0 %     (1)(3)      
37,133
     
148,531
     
0
     
185,664
 
Market at Southside
Michigan Ave. at Delaney Ave., Orlando
 
Ross Dress for Less, Beall’s Outlet Stores, Dollar Tree, Albertsons +
      100.0 %            
95,128
     
0
     
64,627
     
159,755
 
The Marketplace at Dr. Phillips
Dr. Phillips Boulevard and Sand Lake Road, Orlando
 
Albertsons, Stein Mart, Office Depot, Home Goods
      20.0 %     (1)(3)      
64,012
     
256,049
     
0
     
320,061
 
Westland Terrace Plaza
SR 50 at Apopka Vineland Rd., Orlando
 
T.J. Maxx, Petco, Shoe Carnival, Super Target + (O.B.O.)
      100.0 %            
67,954
     
0
     
183,000
     
250,954
 
Alafaya Square
Alafaya Trail, Oviedo
 
Publix
      20.0 %     (1)(3)      
35,297
     
141,189
     
0
     
176,486
 
University Palms
Alafaya Trail at McCullough Rd., Oviedo
 
Publix +, Blockbuster
      100.0 %            
99,172
     
0
     
0
     
99,172
 
East Lake Woodlands
East Lake Road and Tampa Road, Palm
 
Publix, Walgreens
      20.0 %     (1)(3)      
28,021
     
112,082
     
0
     
140,103
 
Shoppes at Parkland
Hillsboro Boulevard at State Road #7,
 
BJ's Wholesale Club
      100.0 %            
145,652
     
0
     
0
     
145,652
 
Flamingo Pines
Pines Blvd. at Flamingo Rd., Pembroke Pines
 
Publix +, U.S. Post Office, Keiser College
      100.0 %            
257,370
     
0
     
105,350
     
362,720
 
Pembroke Commons
University at Pines Blvd., Pembroke Pines
 
Publix +, Marshall’s, Office Depot, LA Fitness
      100.0 %            
314,417
     
0
     
0
     
314,417
 
Publix at Laguna Isles
Sheridan St. at SW 196th Ave., Pembroke Pines
 
Publix +
      100.0 %            
69,475
     
0
     
0
     
69,475
 
Vizcaya Square
Nob Hill Rd. at Cleary Blvd., Plantation
 
Winn Dixie +
      100.0 %            
112,410
     
0
     
0
     
112,410
 
Quesada Commons
Quesada Avenue and Toledo Blade Boulevard, Port Charlotte
 
Publix
      25.0 %     (1)(3)      
14,722
     
44,168
     
0
     
58,890
 
Shoppes of Port Charlotte
Toledo Blade Boulevard and Tamiami Trail, Port Charlotte
 
Petco
      25.0 %     (1)(3)      
10,253
     
30,758
     
0
     
41,011
 
Marketplace at Seminole Towne
Center
Central Florida Greenway and Rinehart Road,
Sanford
 
Circuit City, Sports Authority, DSW, Marshalls, Old Navy, Linens 'N Things, Petco, Cost Plus, Target (O.B.O.)
      100.0 %            
308,763
     
0
     
185,000
     
493,763
 
Sunrise West Shopping Center
West Commercial Drive and NW 91st Avenue, Sunrise
 
Publix
      25.0 %     (1)(3)      
19,080
     
57,241
     
0
     
76,321
 
Venice Pines
Center Rd. at Jacaranda Blvd., Venice
 
Kash N Karry +
      100.0 %            
97,303
     
0
     
0
     
97,303
 
Winter Park Corners
Aloma Ave. at Lakemont Ave., Winter Park
 
Whole Foods Market +, Outback Steakhouse
      100.0 %            
102,172
     
0
     
0
     
102,172
 
Florida Total:
# of Properties: 35
   
 
     
 
             
4,756,581
     
1,474,450
     
783,822
     
7,014,853
 
                                                           
Georgia
                                                         
Lakeside Marketplace
Cobb Parkway (US Hwy 41), Acworth
 
Ross Dress for Less, Circuit City, Petco, Office Max, Books A Million, Target (O.B.O)
      100.0 %            
147,654
     
0
     
174,000
     
321,654
 
Camp Creek Marketplace II
Camp Creek Parkway and Carmla Drive,
 
DSW, American Signature, Circuit City
      100.0 %            
196,139
     
0
     
0
     
196,139
 
Cherokee Plaza
Peachtree Road and Colonial Drive, Atlanta
 
Kroger +
      100.0 %            
98,553
     
0
     
0
     
98,553
 
Publix at Princeton Lakes
Carmia Drive and Camp Creek Drive, Atlanta
 
Publix, Hollywood Video
      100.0 %            
68,389
     
0
     
0
     
68,389
 
Brookwood Square
East-West Connector at Austell Rd., Austell
 
Marshall’s, Staples, Home Depot
      100.0 %            
253,448
     
0
     
0
     
253,448
 
Dallas Commons
US Highway 278 and Nathan Dean Boulevard, Dallas
 
Kroger + (O.B.O.)
      100.0 %            
25,158
     
0
     
70,104
     
95,262
 
Reynolds Crossing
Steve Reynolds and Old North Cross Rd., Duluth
 
Kroger + (O.B.O.)
      100.0 %            
45,758
     
0
     
70,225
     
115,983
 
Thompson Bridge Commons
Thompson Bridge Rd. at Mt. Vernon Rd., Gainesville
 
Kroger +
      100.0 %            
78,351
     
0
     
0
     
78,351
 
Grayson Commons
Grayson Hwy at Rosebud Rd., Grayson
 
Kroger +
      100.0 %            
76,611
     
0
     
0
     
76,611
 
Sandy Plains Exchange
Sandy Plains at Scufflegrit, Marietta
 
Publix +
      100.0 %            
72,784
     
0
     
0
     
72,784
 
Brownsville Commons
Brownsville Road and Hiram-Lithia Springs Road, Powder Springs
 
Kroger + (O.B.O.)
      100.0 %            
27,747
     
0
     
54,139
     
81,886
 
Roswell Corners
Woodstock Rd. at Hardscrabble Rd., Roswell
 
Staples, T.J. Maxx, Super Target + (O.B.O.)
      100.0 %            
144,964
     
0
     
173,535
     
318,499
 
Brookwood Marketplace
Peachtree Parkway at Mathis Airport Rd., Suwannee
 
Office Max, Home Depot, Target (O.B.O)
      100.0 %            
186,155
     
0
     
174,000
     
360,155
 
Georgia Total:
# of Properties:13
   
 
     
 
             
1,421,711
     
0
     
716,003
     
2,137,714
 
 
Page 26


Weingarten Realty Investors
 
Property Listing at June 30, 2007
 
 
                             
Gross Leasable Area 
       
 
Center
 
 
Location
 
 
Anchors
   
WRI
Owned %
   
Foot Notes
   
WRI
Owned
   
Joint
Venture
Share
   
Owned by
Other
   
Total
 
Kansas
                                           
Shawnee Village
Shawnee Mission Pkwy. at Quivera Rd., Shawnee
 
Burlington Coat Factory
      100.0 %          
135,036
     
0
     
0
     
135,036
 
Kohl's
Wanamaker Rd. at S.W. 17th St., Topeka
 
Barnes & Noble, Kohl’s Department Store
      100.0 %          
115,716
     
0
     
0
     
115,716
 
Kansas Total:
# of Properties: 2
                       
250,752
     
0
     
0
     
250,752
 
                                                       
Kentucky
                                                     
Millpond Center
Boston at Man O’War, Lexington
 
Kroger +
      100.0 %          
125,035
     
0
     
27,000
     
152,035
 
Regency Shopping Centre
Nicholasville Rd.& West Lowry Lane,
 
Kroger + (O.B.O.), T.J. Maxx, Michaels
      100.0 %          
124,374
     
0
     
0
     
124,374
 
Tates Creek
Tates Creek at Man O’ War, Lexington
 
Kroger +, Rite Aid
      100.0 %          
184,747
     
0
     
0
     
184,747
 
Festival at Jefferson Court
Outer Loop at Jefferson Blvd., Louisville
 
Kroger, PetsMart (O.B.O.), Factory Card Outlet, AJ Wright (O.B.O.)
      100.0 %          
168,986
     
0
     
49,410
     
218,396
 
Kentucky Total:
# of Properties: 4
         
 
           
603,142
     
0
     
76,410
     
679,552
 
                                                       
Louisiana
                                                     
Seigen Plaza
Siegen Lane at Honore Lane, Baton Rouge
 
Super Target + (O.B.O.), Ross Dress for Less, Conn’s, Petco
      100.0 %          
155,490
     
0
     
194,247
     
349,737
 
Park Terrace
U.S. Hwy. 171 at Parish, DeRidder
 
Stage, JC Penney
      100.0 %          
131,127
     
0
     
0
     
131,127
 
Town & Country Plaza
U.S. Hwy. 190 West, Hammond
 
Winn Dixie +, Office Depot, CVS/pharmacy, Goody’s, Books a Million
      100.0 %          
227,417
     
0
     
0
     
227,417
 
Manhattan Place
Manhattan Blvd. at Gretna Blvd., Harvey
 
Target (O.B.O.), Ross Dress for Less, Stage, K&G Fashion
      100.0 %          
138,214
     
0
     
125,400
     
263,614
 
Ambassador Plaza
Ambassador Caffery at W. Congress,
 
Albertsons + (O.B.O.), Blockbuster
      100.0 %          
29,405
     
0
     
72,545
     
101,950
 
River Marketplace
Ambassador Caffery at Kaliste Saloom,
 
Ross Dress for Less, Stage, Cost Plus, Super Target + (O.B.O.), Books A
      20.4 %     (1)(3)      
34,320
     
133,915
     
174,700
     
342,935
 
 
Lafayette
 
Million, Stage
                                                 
Westwood Village
W. Congress at Bertrand, Lafayette
 
Stage, Graham Central Station, Blockbuster
      100.0 %            
141,346
     
0
     
0
     
141,346
 
14/Park Plaza
Hwy. 14 at General Doolittle, Lake Charles
 
Kroger +, Stage, Conn’s
      100.0 %            
172,068
     
0
     
0
     
172,068
 
Conn's Building
Ryan at 17th St., Lake Charles
 
Planet Pets
      100.0 %            
23,201
     
0
     
0
     
23,201
 
K-Mart Plaza
Ryan St., Lake Charles
 
Albertsons +, Kmart, Stage
      50.0 %     (1)(3)      
107,974
     
107,974
     
0
     
215,948
 
Prien Lake Plaza
Prien Lake Rd. at Nelson Rd., Lake Charles
 
Target (O.B.O.), Marshall’s, Ross Dress for Less, Bed Bath & Beyond
      100.0 %            
7,743
     
0
     
125,400
     
133,143
 
Southgate
Ryan at Eddy, Lake Charles
 
Market Basket +, Office Depot, Books A Million
      100.0 %            
170,588
     
0
     
0
     
170,588
 
Danville Plaza
Louisville at 19th, Monroe
 
County Market +, Citi Trends, Surplus Warehouse
      100.0 %            
141,172
     
0
     
0
     
141,172
 
Orleans Station
Paris, Robert E. Lee at Chatham, New
           
100.0
%            
0
     
0
     
0
     
0
 
University Place
70th St. at Youree Dr., Shreveport
 
Super Target + (O.B.O.), Best Buy, T.J. Maxx, CVS/pharmacy, Bed Bath &
      20.4 %     (1)(3)      
41,136
     
160,512
     
174,500
     
376,148
 
 
Beyond
                                                       
Westwood
Jewella at Greenwood, Shreveport
 
Super 1 Grocery +, Citi Trends, Cash American Pawn
      100.0 %            
112,508
     
0
     
0
     
112,508
 
Louisiana Total:
# of Properties: 16
           
 
             
1,633,709
     
402,401
     
866,792
     
2,902,902
 
                                                           
Maine
                                                         
The Promenade
Essex at Summit, Lewiston
 
Staples, Flagship Cinemas
      75.0 %     (1)      
153,776
     
51,258
     
0
     
205,034
 
Maine Total:
# of Properties: 1
           
 
             
153,776
     
51,258
     
0
     
205,034
 
                                                           
Missouri
                                                         
Ballwin Plaza
Manchester Rd. at Vlasis Dr., Ballwin
 
Schnucks, Michael’s, Sears
      100.0 %            
200,915
     
0
     
0
     
200,915
 
Western Plaza
Hwy 141 at Hwy 30, Fenton
 
Big Lots
      50.0 %     (1)(3)      
28,267
     
28,267
     
0
     
56,534
 
Missouri Total:
# of Properties: 2
           
 
             
229,182
     
28,267
     
0
     
257,449
 
                                                           
Nevada
                                                         
Eastern Horizon
Eastern Ave. at  Horizon Ridge Pkwy., Henderson
 
Kmart + (O.B.O.)
      100.0 %            
66,408
     
0
     
143,879
     
210,287
 
Best in the West
Rainbow at Lake Mead Rd., Las Vegas
 
Best Buy, Borders, Bed Bath & Beyond, Babies ‘R’ Us, DSW Shoes, Office Depot, Old Navy, PetsMart, Jo-Ann Stores, The Sports Authority
      100.0 %            
436,814
     
0
     
0
     
436,814
 
Charleston Commons
Charleston and Nellis, Las Vegas
 
Wal-Mart, Roos, Office Max, 99 Cents Only
      100.0 %            
338,137
     
0
     
0
     
338,137
 
College Park S.C.
E. Lake Mead Blvd. at Civic Ctr. Dr., North Las Vegas
 
Albertsons +, Sav-On Drug
      100.0 %            
167,704
     
0
     
0
     
167,704
 
Francisco Centre
E. Desert Inn Rd. at S. Eastern Ave., Las
 
Ross Dress for Less (O.B.O.), Sav-On Drug, La Bonita Grocery
      100.0 %            
116,973
     
0
     
31,842
     
148,815
 
Mission Center
Flamingo Rd. at Maryland Pkwy, Las Vegas
 
Sav-On Drug (O.B.O.), Albertsons + (O.B.O.), Toys “R” Us, T.J. Maxx
      100.0 %            
152,475
     
0
     
55,745
     
208,220
 
 
Page 27


Weingarten Realty Investors
 
Property Listing at June 30, 2007

                         
Gross Leasable Area
       
 
Center
 
 
Location
 
 
Anchors
 
 
WRI
Owned %
   
Foot Notes
   
WRI
Owned
   
Joint
Venture
Share
   
Owned by
Other
   
Total
 
Paradise Marketplace
Flamingo Rd. at Sandhill, Las Vegas
Smith’s Food +, Dollar Tree
    100.0 %          
149,713
     
0
     
0
     
149,713
 
Rainbow Plaza
Rainbow Blvd. at Charleston Blvd., Las
Albertsons +, JC Penney, Ultimate Electronics, Home Depot, 24 Hour
    100.0 %          
278,416
     
0
     
0
     
278,416
 
Rainbow Plaza, Phase I
Rainbow Blvd. at Charleston Blvd., Las
Albertsons +, JC Penney, Ultimate Electronics, Home Depot, 24 Hour
    100.0 %          
136,369
     
0
     
0
     
136,369
 
Rancho Towne & Country
Rainbow Blvd. at Charleston Blvd., Las
Smith’s Food +
    100.0 %          
87,367
     
0
     
0
     
87,367
 
Tropicana Beltway
Tropicana Beltway at Fort Apache Rd., Las Vegas
Lowe’s (O.B.O.), Wal-Mart Supercenter + (O.B.O.), PetsMart, Office Depot, Ross Dress for Less, 99 Cent Only, Sports Authority, Pier 1 Imports
    50.0 %     (1)(3)      
123,264
     
123,264
     
394,271
     
640,798
 
Tropicana Marketplace
Tropicana at Jones Blvd., Las Vegas
Smith’s Food +, Family Dollar
    100.0 %            
142,728
     
0
     
0
     
142,728
 
Westland Fair North
Charleston Blvd. At Decatur Blvd., Las Vegas
Wal-Mart Supercenter +, Lowe’s, PetsMart, Office Depot, Michaels
    100.0 %            
576,632
     
0
     
0
     
576,632
 
Nevada Total:
# of Properties: 12
     
 
     
 
     
2,773,000
     
123,264
     
625,737
     
3,522,000
 
                                                     
New Mexico
                                                   
Eastdale
Candelaria Rd. at Eubank Blvd., Albuquerque
Albertsons +, Family Dollar
    100.0 %            
117,623
     
0
     
0
     
117,623
 
North Towne Plaza
Academy Rd. at Wyoming Blvd., Albuquerque
Whole Foods Market +, Borders
    100.0 %            
104,034
     
0
     
0
     
104,034
 
Pavillions at San Mateo
I-40 at San Mateo, Albuquerque
Comp USA, Old Navy, Shoe Show, Circuit City, Linens ‘N Things
    100.0 %            
196,147
     
0
     
0
     
196,147
 
Plaza at Cottonwood
Coors Bypass Blvd. at Seven Bar Loop Rd., Albuquerque
Staples, PetsMart, Wal-Mart Supercenter +(O.B.O.), Home Depot (O.B.O.)
    100.0 %            
84,322
     
0
     
334,000
     
418,322
 
Wyoming Mall
Academy Rd. at Northeastern, Albuquerque
Walmart
    100.0 %            
254,905
     
0
     
0
     
254,905
 
De Vargas
N. Guadalupe at Paseo de Peralta, Santa Fe
Albertsons + (O.B.O.), Osco Drugs, Ross Dress for Less, Office Depot, Hastings, United Artists
    100.0 %            
249,671
     
0
     
62,750
     
312,421
 
New Mexico Total:
# of Properties: 6
     
 
             
1,006,702
     
0
     
396,750
     
1,403,452
 
                                                     
North Carolina
                                                   
Capital Square
Capital Blvd. at Huntleigh Dr., Cary
Food Lion +
    100.0 %            
146,063
     
0
     
0
     
146,063
 
Harrison Pointe
Harrison Ave. at Maynard Rd., Cary
Harris Teeter +, Staples
    100.0 %            
130,934
     
0
     
0
     
130,934
 
High House Crossing
NC Hwy 55 at Green Level W. Rd., Cary
Harris Teeter +
    100.0 %            
89,997
     
0
     
0
     
89,997
 
Northwoods Market
Maynard Rd. at Harrison Ave., Cary
Food Lion +
    100.0 %            
77,802
     
0
     
0
     
77,802
 
Parkway Pointe
Cory Parkway at S. R. 1011, Cary
Food Lion +, Eckerd’s
    100.0 %            
80,061
     
0
     
0
     
80,061
 
Chatham Crossing
US 15/501 at Plaza Dr., Chapel Hill
Lowes Food +, CVS/Pharmacy
    25.0 %     (1)(3)      
23,983
     
71,950
     
0
     
95,933
 
Cole Park Plaza
US 15/501 and Plaza Dr., Chapel Hill
Dollar General
    25.0 %     (1)(3)      
20,564
     
61,694
     
0
     
82,258
 
Galleria
Galleria Boulevard and Sardis Road,
Off Broadway Shoes
    100.0 %            
107,504
     
0
     
207,602
     
315,106
 
Johnston Road Plaza
Johnston Rd. at McMullen Creek Pkwy., Charlotte
Food Lion+
    100.0 %            
79,509
     
0
     
0
     
79,509
 
Steele Creek Crossing
York Rd. at Steele Creek Rd., Charlotte
BI-LO +, Eckerd’s
    100.0 %            
77,301
     
0
     
0
     
77,301
 
Whitehall Commons
NWC of Hwy. 49 at I-485, Charlotte
Blockbuster, Wal-Mart Supercenter + (O.B.O.), Lowes (O.B.O.), BI-LO + (O.B.O.)
    100.0 %            
42,080
     
0
     
402,620
     
444,700
 
Bull City Market
Broad St. at West Main St., Durham
Whole Foods Market +
    100.0 %            
42,517
     
0
     
0
     
42,517
 
Durham Festival
Hillsborough Rd. at LaSalle St., Durham
Kroger +
    100.0 %            
134,295
     
0
     
0
     
134,295
 
Mineral Springs Village
Mineral Springs Rd. at Wake Forest Rd., Durham
Food Lion +, Eckerd’s
    100.0 %            
59,912
     
0
     
0
     
59,912
 
Ravenstone Commons
Hwy 98 at Sherron Rd., Durham
Food Lion +, Blockbuster
    100.0 %            
60,424
     
0
     
0
     
60,424
 
Pinecrest Plaza
Hwy. 15-501 at Morganton Rd., Pinehurst
Food Lion +, Michael’s, Goody’s, Belk’s
    100.0 %            
250,140
     
0
     
0
     
250,140
 
Avent Ferry
Avent Ferry Rd. at Gorman St., Raleigh
Food Lion +
    100.0 %            
117,250
     
0
     
0
     
117,250
 
Falls Pointe
Neuce Rd. at Durant Rd., Raleigh
Harris Teeter +, Kohl’s (O.B.O.)
    100.0 %            
106,981
     
0
     
86,350
     
193,331
 
Leesville Town Centre
Leesville Rd. at Leesville Church Rd.,
Harris Teeter +
    100.0 %            
112,615
     
0
     
0
     
112,615
 
Little Brier Creek
Little Brier Creek Lane and Brier Leaf Lane, Raliegh
Lowe's Food, (O.B.O.)
    100.0 %            
17,209
     
0
     
45,802
     
63,011
 
Lynnwood Collection
Creedmoor Rd at Lynn Road, Raleigh
Kroger  +
    100.0 %            
86,362
     
0
     
0
     
86,362
 
Six Forks Station
Six Forks Rd. at Strickland Rd., Raleigh
Kmart, Home Depot, Food Lion +, Bed Bath & Beyond
    100.0 %            
469,420
     
0
     
0
     
469,420
 
Stonehenge Market
Creedmoor Rd. at Bridgeport Dr., Raleigh
Harris Teeter +, SteinMart, Eckerd’s
    100.0 %            
188,521
     
0
     
0
     
188,521
 
Heritage Station
Forestville Rd. at Rogers Rd., Wake Forest
Harris Teeter +
    100.0 %            
68,778
     
0
     
0
     
68,778
 
North Carolina Total:
# of Properties: 24
     
 
             
2,590,222
     
133,644
     
742,374
     
3,466,240
 
Oklahoma
                                                   
Market Boulevard
E. Reno Ave. at N. Douglas Ave., Midwest
Color Tyme
    100.0 %            
36,148
     
0
     
0
     
36,148
 
 
Page 28


Weingarten Realty Investors
 
Property Listing at June 30, 2007
 
                         
Gross Leasable Area
       
Center
Location
Anchors
 
WRI
Owned %
   
Foot Notes
   
WRI
Owned
   
Joint
Venture
Share
   
Owned by
Other
   
Total
 
Town and Country
Reno Ave at North Air Depot, Midwest City
Office Depot, Big Lots, Westlake Hardware
    100.0 %          
135,656
     
0
     
0
     
135,656
 
Oklahoma Total:
# of Properties: 2
     
 
           
171,804
     
0
     
0
     
171,804
 
                                                   
Oregon
                                                 
Clackamas Square
SE 82nd Avenue and SE Causey Avenue, Portland
TJ Maxx, Winco Foods (O.B.O)
    20.0 %     (1)(3)      
14,828
     
59,311
     
62,600
     
136,739
 
Oak Grove Market Center
SE Mcloughlin Blvd & Oak Grove Ave
Safeway +
    100.0 %            
97,207
     
0
     
0
     
97,207
 
Raleigh Hills Plaza
SW Beaverton-Hillsdale Hwy and SW Scholls Ferry Road, Portland
Walgreens, New Seasons Market
    20.0 %     (1)(3)      
7,904
     
31,616
     
0
     
39,520
 
Oregon Total:
# of Properties: 3
     
 
             
119,939
     
90,927
     
62,600
     
273,466
 
                                                     
South Carolina
                                                   
Fresh Market Shoppes
890 William Hilton Head Pkwy, Hilton Head
The Fresh Market +
    25.0 %     (1)(3)      
21,686
     
65,060
     
0
     
86,746
 
South Carolina Total:
# of Properties: 1
     
 
             
21,686
     
65,060
     
0
     
86,746
 
                                                     
Tennessee
                                                   
Bartlett Towne Center
Bartlett Blvd. at Stage Rd., Bartlett
Kroger +, Petco,  Dollar Tree, Shoe Carnival
    100.0 %            
179,364
     
0
     
0
     
179,364
 
Commons at Dexter Lake
Dexter at N. Germantown, Memphis
Kroger +, SteinMart, Marshall’s, Samuel's Furniture and Interior
    100.0 %            
166,980
     
0
     
0
     
166,980
 
Commons at Dexter Lake Phase II
Dexter at N. Germantown, Memphis
Kroger +, SteinMart, Marshall’s, Samuel's Furniture and Interior
    100.0 %            
61,538
     
0
     
0
     
61,538
 
Highland Square
Summer at Highland, Memphis
Walgreen’s
    100.0 %            
14,490
     
0
     
0
     
14,490
 
Mendenhall Commons
South Mendenahall Rd. and Sanderlin Avenue, Memphis
Kroger +
    100.0 %            
80,216
     
0
     
0
     
80,216
 
Summer Center
Summer Ave. at Waring Rd., Memphis
Kroger +, Ross Dress for Less
    100.0 %            
148,708
     
0
     
0
     
148,708
 
Tennessee Total:
# of Properties: 5
     
 
             
651,296
     
0
     
0
     
651,296
 
                                                     
Texas
                                                   
Bell Plaza
45th Ave. at Bell St., Amarillo
United Supermarket +, Dollar Tree
    100.0 %            
130,529
     
0
     
0
     
130,529
 
Coronado
34th St. at Wimberly Dr., Amarillo
Blockbuster
    100.0 %            
48,149
     
0
     
0
     
48,149
 
Puckett Plaza
Bell Road, Amarillo
Huneke Furniture, CVS/Pharmacy, Gold's Gym
    100.0 %            
133,735
     
0
     
0
     
133,735
 
Wolflin Village
Wolflin Ave. at Georgia St., Amarillo
Hastings, Talbot’s, Office Depot
    100.0 %            
196,171
     
0
     
0
     
196,171
 
Brodie Oaks
South Lamar Blvd. at Loop 360, Austin
Hobby Lobby (O.B.O.), Toys "R" Us (O.B.O.), Sun Harvest Foods +, Neiman Marcus Last Call
    100.0 %            
227,167
     
0
     
109,032
     
336,199
 
Calder
Calder at 24th St., Beaumont
      100.0 %            
34,641
     
0
     
0
     
34,641
 
North Park Plaza
Eastex Fwy. at Dowlen, Beaumont
Target (O.B.O.), Anna’s Linens, Spec’s Liquor Warehouse, David’s Bridal, Toys “R” Us (O.B.O.)
    50.0 %     (1)(3)      
70,036
     
70,036
     
98,329
     
238,401
 
Phelan
Phelan at 23rd St, Beaumont
      100.0 %            
12,000
     
0
     
0
     
12,000
 
Phelan West
Phelan at 23rd St., Beaumont
Kroger + (O.B.O.)
    66.7 %     (1)(3)      
15,552
     
7,779
     
58,890
     
82,221
 
Southgate
Calder Ave. at 6th St., Beaumont
Dollar General
    100.0 %            
33,555
     
0
     
0
     
33,555
 
Westmont
Dowlen at Phelan, Beaumont
Talbot’s, Ashley Furniture
    100.0 %            
98,071
     
0
     
0
     
98,071
 
Lone Star Pavilions
Texas at Lincoln Ave., College Station
Best Buy, Office Depot, Barnes & Noble
    100.0 %            
106,907
     
0
     
0
     
106,907
 
Montgomery Plaza
Loop 336 West at I-45, Conroe
Academy, Conn’s, Goody’s, 99 Cents Only, Spec’s Liquor Warehouse, Petco, Anna's Linens
    100.0 %            
296,837
     
0
     
0
     
296,837
 
Moore Plaza
S. Padre Island Dr. at Staples, Corpus Christi
Office Depot, Marshall’s, H. E. B. + (O.B.O),Target (O.B.O.), Circuit City, Old Navy, Linen’s N Things, Hobby Lobby
    100.0 %            
372,308
     
0
     
161,909
     
534,217
 
Portairs
Ayers St. at Horne Rd., Corpus Christi
CVS /pharmacy,  Family Dollar, Beall’s
    100.0 %            
118,233
     
0
     
0
     
118,233
 
Shoppes at Deer Creek
FM 731 at FM 1137, Crowley
Albertsons + (O.B.O.)
    100.0 %            
33,056
     
0
     
52,443
     
85,499
 
Golden Beach Market Place
Golden Triangle Blvd. at N. Beach St., Ft.
Albertsons + (O.B.O.)
    100.0 %            
38,958
     
0
     
52,443
     
91,401
 
Overton Park Plaza
SW Loop 820/Interstate 20 at South Hulen St., Ft. Worth
Sports Authority, Circuit City, PetsMart, Office Depot, T.J. Maxx, Albertsons +, Home Depot (O.B.O.), Anna’s Linens, Ashley Furniture
    100.0 %            
353,302
     
0
     
110,000
     
463,302
 
Southcliff
I-20 at Grandbury Rd., Ft. Worth
Jo-Ann’s Fabrics
    100.0 %            
115,827
     
0
     
0
     
115,827
 
Broadway
Broadway at 59th St., Galveston
Big Lots, Family Dollar
    100.0 %            
74,477
     
0
     
0
     
74,477
 
Food King Place
25th St. at Avenue P, Galveston
Arlan’s
    100.0 %            
28,062
     
0
     
0
     
28,062
 
Galveston Place
Central City Blvd. at 61st St., Galveston
Randall’s +, Office Depot, Hastings, Palais Royal
    100.0 %            
208,915
     
0
     
0
     
208,915
 
10/Federal
I-10 at Federal
Citi Trends, Palais Royal, Seller Bros. +
    100.0 %            
132,472
     
0
     
0
     
132,472
 
 
Page 29

 
Weingarten Realty Investors
 
Property Listing at June 30, 2007
 
                         
Gross Leasable Area
       
                                         
Center
Location
Anchors
 
WRI
Owned %
   
Foot Notes
   
WRI
Owned
   
Joint
Venture
Share
   
Owned by
Other
   
Total
 
Alabama-Shepherd
S. Shepherd at W. Alabama
Bookstop, PetsMart
    100.0 %          
56,210
     
0
     
0
     
56,210
 
Bayshore Plaza
Spencer Hwy. at Burke Rd.
Fitness Connections (O.B.O.)
    100.0 %          
35,966
     
0
     
86,000
     
121,966
 
Bellaire Boulevard
Bellaire at S. Rice
Randall’s +
    100.0 %          
35,081
     
0
     
0
     
35,081
 
Braeswood Square
N. Braeswood at Chimney Rock
Belden’s +, Walgreen’s
    100.0 %          
103,336
     
0
     
0
     
103,336
 
Centre at Post Oak
Westheimer at Post Oak Blvd.
Marshall’s, Barnes & Noble, Old Navy, Grand Lux Café, Comp USA
    100.0 %          
182,070
     
0
     
0
     
182,070
 
Champions Village
 F.M. 1960 at Champions Forest Dr.
Randall’s +, SteinMart, Palais Royal, Cost Plus, Barnes & Noble
    100.0 %          
383,650
     
0
     
0
     
383,650
 
Crestview
Bissonnet at Wilcrest
Creative Connection
    100.0 %          
9,007
     
0
     
0
     
9,007
 
Cullen Place
Cullen at Reed
C&R Beauty Supply
    100.0 %          
7,316
     
0
     
0
     
7,316
 
Cullen Plaza
Cullen at Wilmington
Fiesta +, Family Dollar, Beauty Empire
    100.0 %          
84,517
     
0
     
0
     
84,517
 
Cypress Pointe
F.M. 1960 at Cypress Station
Kroger +, Office Max, Comp USA, Babies “R” Us
    100.0 %          
190,713
     
0
     
96,660
     
287,373
 
Eastpark
Mesa Rd. at Tidwell
CVS/pharmacy, US Postal Service
    100.0 %          
113,473
     
0
     
0
     
113,473
 
Edgebrook
Edgebrook at Gulf Fwy.
Fiesta +, Bank One, Family Dollar
    100.0 %          
78,460
     
0
     
0
     
78,460
 
Fiesta Village
Quitman at Fulton
Fiesta +
    100.0 %          
30,249
     
0
     
0
     
30,249
 
Fondren/West Airport
Fondren at W. Airport
Save-A-Lot
    100.0 %          
61,693
     
0
     
0
     
61,693
 
Glenbrook Square
Telephone Road
Kroger +, Blockbuster
    100.0 %          
76,483
     
0
     
0
     
76,483
 
Griggs Road
Griggs at Cullen
Family Dollar, Modern City, Citi Trends
    100.0 %          
80,114
     
0
     
0
     
80,114
 
Harrisburg Plaza
Harrisburg at Wayside
Fallas Paredes
    100.0 %          
93,438
     
0
     
0
     
93,438
 
Heights Plaza
20th St. at Yale
Kroger +, Walgreen’s
    100.0 %          
71,777
     
0
     
0
     
71,777
 
Humblewood Shopping Plaza
Eastex Fwy. at F.M. 1960
Kroger +,Conn’s, Walgreen’s
    100.0 %          
178,837
     
0
     
99,000
     
277,837
 
I-45/Telephone Rd. Center
I-45 at Maxwell Street
Seller Bros. +, Dollar Tree, FAMSA
    100.0 %          
173,209
     
0
     
0
     
173,209
 
Independence Plaza
Town East Blvd., Mesquite
Sack & Save +,  Babies “R” Us
    100.0 %          
179,331
     
0
     
0
     
179,331
 
Jacinto City
Market at Baca
Seller Bros. +, CVS/pharmacy
    50.0 %     (1)      
24,569
     
24,569
     
0
     
49,138
 
Landmark
Gessner at Harwin
Family Dollar
    100.0 %            
55,853
     
0
     
0
     
55,853
 
Lawndale
Lawndale at 75th St.
Family Dollar
    100.0 %            
50,891
     
0
     
0
     
50,891
 
Little York Plaza
Little York at E. Hardy
Seller Bros. +, Dollar General, American Way Thrift Stores
    100.0 %            
117,353
     
0
     
0
     
117,353
 
Lyons Avenue
Lyons at Shotwell
Fiesta +, Fallas Paredes
    100.0 %            
67,629
     
0
     
0
     
67,629
 
Market at Westchase
Westheimer at Wilcrest
Whole Foods Market
    100.0 %            
84,084
     
0
     
0
     
84,084
 
North Main Square
Pecore at N. Main
O’Reilly Autoparts
    100.0 %            
18,515
     
0
     
0
     
18,515
 
North Oaks
F.M. 1960 at Veterans Memorial
T.J. Maxx, Ross Dress for Less, Big Lots, DSW, Half Price Books, Anna's Linens, Hobby Lobby
    100.0 %            
417,279
     
0
     
0
     
417,279
 
North Triangle
I-45 at F.M. 1960
Steak & Ale, CiCi’s Pizza, James Coney Island
    100.0 %            
16,060
     
0
     
0
     
16,060
 
Northbrook Center
Northwest Fwy. at W. 34th
Randall’s, Office Depot, Citi Trends, Anna’s Linens, Dollar Tree
    100.0 %            
172,479
     
0
     
0
     
172,479
 
Northway
Northwest Fwy. at 34th
Conn’s, Academy, Office Max, Goodwill
    100.0 %            
217,226
     
0
     
0
     
217,226
 
Northwest Crossing
N.W. Fwy. at Hollister
Target (O.B.O.), Marshall’s, Babies “R” Us, Best Buy
    75.0 %     (1)(3)      
137,507
     
45,836
     
120,721
     
304,064
 
Oak Forest
W. 43rd at Oak Forest
Kroger +, Palais Royal, Dollar Tree
    100.0 %            
154,128
     
0
     
0
     
154,128
 
Orchard Green
Gulfton at Renwick
Seller Bros. +, Family Dollar
    100.0 %            
74,983
     
0
     
0
     
74,983
 
Randall's /Cypress Station
F.M. 1960 at I-45
David’s Bridal, Randalls
    100.0 %            
138,766
     
0
     
0
     
138,766
 
Randall's /Kings Crossing
Kingwood Dr. at Lake Houston Pkwy.
Randall’s +, CVS/pharmacy
    100.0 %            
127,525
     
0
     
0
     
127,525
 
Randall's /Norchester
Grant at Jones
Randall’s +
    100.0 %            
107,200
     
0
     
0
     
107,200
 
Richmond Square
Richmond Ave. at W. Loop 610
Best Buy (O.B.O.), Cost Plus
    100.0 %            
35,623
     
0
     
58,247
     
93,870
 
River Oaks East
W. Gray at Woodhead
Kroger +
    100.0 %            
71,265
     
0
     
0
     
71,265
 
River Oaks West
W. Gray at S. Shepherd
Talbot’s, JoS. A. Bank, Ann Taylor, Gap
    100.0 %            
253,958
     
0
     
0
     
253,958
 
Sheldon Forest North
North, I-10 at Sheldon
Family Dollar
    100.0 %     (1)      
22,040
     
0
     
0
     
22,040
 
Sheldon Forest South
North, I-10 at Sheldon
Family Dollar
    50.0 %     (1)      
37,670
     
37,670
     
0
     
75,340
 
Shops at Three Corners
S. Main at Old Spanish Trail
Fiesta, Office Depot, Big Lots, PetsMart, Ross Dress for Less, Anna’s
    70.0 %     (1)      
176,498
     
75,642
     
0
     
252,140
 
Southgate
W. Fuqua at Hiram Clark
Food-A-Rama +, Palais Royal, CVS/pharmacy, Family Dollar
    100.0 %            
125,288
     
0
     
0
     
125,288
 
Spring Plaza
Hammerly at Campbell
Seller Bros., Family Dollar
    100.0 %            
56,166
     
0
     
0
     
56,166
 
Steeplechase
Jones Rd. at F.M. 1960
Palais Royal, 99 Cents Only, Anna's Linens, Goodwill Industries
    100.0 %            
194,551
     
0
     
99,950
     
294,501
 
Stella Link
Stella Link at S. Braeswood
Seller Bros.+, Spec’s Liquor Warehouse, Burke’s Outlet
    100.0 %            
67,870
     
0
     
0
     
67,870
 
Studemont
Studewood at E. 14th St
Fiesta +
    100.0 %            
28,466
     
0
     
0
     
28,466
 
Ten Blalock Square
I-10 at Blalock
Fiesta +
    100.0 %            
97,217
     
0
     
0
     
97,217
 
Village Arcade
University at Kirby
Gap, Talbot’s, Baby Gap
    100.0 %            
57,219
     
0
     
0
     
57,219
 

Page 30


Weingarten Realty Investors
 
Property Listing at June 30, 2007
 
                         
Gross Leasable Area
       
Center
Location
Anchors
 
WRI
Owned %
   
Foot Notes
   
WRI
Owned
   
Joint
Venture
Share
   
Owned by
Other
   
Total
 
Village Arcade-Phase II
University at Kirby
Gap, Talbot’s, Baby Gap
    100.0 %          
28,371
     
0
     
0
     
28,371
 
Village Arcade-Phase III
University at Kirby
Gap, Talbot’s, Baby Gap
    100.0 %          
107,082
     
0
     
0
     
107,082
 
Westbury Triangle
Chimney Rock at W. Bellfort
99 Cents Only
    100.0 %          
66,318
     
0
     
0
     
66,318
 
Westchase Center
Westheimer at Wilcrest
Ross Dress for Less, Randall’s, Golfsmith, Palais Royal, Target (O.B.O.), Petco
    100.0 %          
232,994
     
0
     
99,550
     
332,544
 
Westhill Village
Westheimer at Hillcroft
Ross Dress for Less, Office Depot, 99 Cents Only, Anna’s Linens
    100.0 %          
130,562
     
0
     
0
     
130,562
 
Killeen Marketplace
3200 E. Central Texas Expressway, Killeen
Best Buy, Ross Dress for Less, Staples, Home Depot (O.B.O.)
    100.0 %          
115,204
     
0
     
135,934
     
251,138
 
Cedar Bayou
Bayou Rd., La Marque
Dollar General
    100.0 %          
14,873
     
0
     
30,688
     
45,561
 
North Creek Plaza
Del Mar Blvd. at Hwy. I-35, Laredo
Old Navy, Bed Bath & Beyond, Best Buy, Target (O.B.O.), H.E.B. + (O.B.O.), Marshall’s
    100.0 %          
242,722
     
0
     
206,463
     
449,185
 
Plantation Centre
Del Mar Blvd. at McPherson Rd., Laredo
H.E.B. +, Blockbuster
    100.0 %          
134,919
     
0
     
0
     
134,919
 
League City Plaza
I-45 at F.M. 518, League City
Kroger +, Spec’s Liquor Warehouse
    100.0 %          
126,990
     
0
     
0
     
126,990
 
Central Plaza
Loop 289 at Slide Rd., Lubbock
Bed Bath & Beyond, Old Navy, Staples
    100.0 %          
151,677
     
0
     
0
     
151,677
 
Northtown Plaza
1st St. at University Plaza, Lubbock
United Supermarket +, Family Dollar
    100.0 %          
73,633
     
0
     
0
     
73,633
 
Town and Country
4th St. at University, Lubbock
Hasting’s Records & Books
    100.0 %          
30,743
     
0
     
0
     
30,743
 
Angelina Village
Hwy. 59 at Loop 287, Lufkin
Randall’s +, Kmart, Clark’s, Ashley Furniture
    100.0 %          
256,940
     
0
     
0
     
256,940
 
Las Tiendas Plaza
Expressway 83 at McColl Rd., McAllen
Target (O.B.O.), Mervyn’s (O.B.O.), Academy, Conn’s, Ross Dress for Less, Marshall’s, Office Depot
    50.0 %     (1)(3)      
143,968
     
143,968
     
242,132
     
530,067
 
Northcross
N. 10th St. at Nolana Loop, McAllen
Barnes & Noble, Blockbuster
    50.0 %     (1)(3)      
38,195
     
38,195
     
0
     
76,390
 
Old Navy Building
1815 10th Street, McAllen
Old Navy
    50.0 %     (1)(3)      
7,500
     
7,500
     
0
     
15,000
 
South 10th St. HEB
S. 10th St. at Houston St., McAllen
H.E.B.
    50.0 %     (1)(3)      
51,851
     
51,851
     
0
     
103,702
 
Custer Park
SWC Custer Road at Parker Road, Plano
Kroger + (O.B.O), Dollar General
    100.0 %            
114,617
     
0
     
65,084
     
179,701
 
Pitman Corners
Custer Road at West 15th, Plano
Albertsons +, Tuesday Morning
    100.0 %            
192,283
     
0
     
0
     
192,283
 
Gillham Circle
Gillham Circle at Thomas, Port Arthur
Family Dollar
    100.0 %            
33,134
     
0
     
0
     
33,134
 
Rockwall
I-30 at Market Center Street, Rockwall
Office Max, Petco, Pier 1, Ross Dress for Less, Old Navy, Linens ‘N Things, Michael’s
    100.0 %            
209,051
     
0
     
0
     
209,051
 
Plaza
Ave. H at Eighth Street, Rosenberg
Burke’s Outlet, 99 Cents Only, CVS
    50.0 %     (1)      
41,152
     
41,152
     
0
     
82,303
 
Rose-Rich
U.S. Hwy. 90A at Lane Dr., Rosenberg
Family Dollar, Palais Royal
    100.0 %            
105,135
     
0
     
0
     
105,135
 
Lake Pointe Market Center
Dalrock Rd. at Lakeview Pkwy., Rowlett
Tom Thumb + (O.B.O.), Walgreen’s (O.B.O.)
    100.0 %            
42,860
     
0
     
81,176
     
124,036
 
Boswell Towne Center
Highway 287 at Bailey Boswell Rd., Saginaw
Albertsons + (O.B.O)
    100.0 %            
26,088
     
0
     
61,747
     
87,835
 
Fiesta Trails
I-10 at DeZavala Rd., San Antonio
H. E. B. + (O.B.O), Target (O.B.O.), Barnes & Noble, Cost Plus, Regal Cinema, Marshall’s, Office Max, SteinMart, Petco, Anna’s Linens
    100.0 %            
312,370
     
0
     
176,000
     
488,370
 
Oak Park Village
Nacogdoches at New Braunfels, San Antonio
H. E. B. +
    100.0 %            
64,287
     
0
     
0
     
64,287
 
Parliament Square
W. Ave. at Blanco, San Antonio
Incredible Pizza, Bernina New Home Sewing Center
    100.0 %            
64,950
     
0
     
0
     
64,950
 
Parliament Square II
W. Ave. at Blanco, San Antonio
Incredible Pizza, Bernina New Home Sewing Center
    100.0 %            
54,541
     
0
     
0
     
54,541
 
Thousand Oaks
Thousand Oaks Dr. at Jones Maltsberger Rd.,
 San Antonio
H. E. B. +, Beall’s, Tuesday Morning
    100.0 %            
162,864
     
0
     
0
     
162,864
 
Valley View
West Ave. at Blanco Rd., San Antonio
Marshall’s, Blockbuster, Dollar Tree
    100.0 %            
89,869
     
0
     
0
     
89,869
 
Market at Town Center
Town Center Blvd., Sugar Land
Old Navy, Barnes & Noble, Marshall’s, Linens ‘N Things, DSW Shoe Warehouse, Ross Dress for Less, Lane Furniture
    100.0 %            
375,820
     
0
     
0
     
375,820
 
New Boston Road
New Boston at Summerhill, Texarkana
Rehkopf’s Grocery +, CVS/pharmacy, Salvation Army
    100.0 %            
89,800
     
0
     
0
     
89,800
 
Island Market Place
6th St. at 9th Ave., Texas City
Food King
    100.0 %            
27,277
     
0
     
0
     
27,277
 
Palmer Plaza
F.M. 1764 at 34th St., Texas City
Randall’s +, Big Lots (O.B.O.), Dollar Tree
    100.0 %            
96,526
     
0
     
99,980
     
196,506
 
Broadway
S. Broadway at W. 9th St., Tyler
SteinMart
    100.0 %            
60,400
     
0
     
0
     
60,400
 
Crossroads
I-10 at N. Main, Vidor
Market Basket +, Beall’s, Baskin’s, Burke’s Outlet
    100.0 %            
115,692
     
0
     
0
     
115,692
 
Texas Total:
# of Properties: 107
             
 
     
12,543,026
     
544,198
     
2,402,378
     
15,489,600
 
                                                     
Utah
                                                   
Alpine Valley Center
Main St. at State St., American Fork
Target (O.B.O.), Old Navy, Pier 1, Dollar Tree, Office Depot
    33.3 %     (1)(3)      
30,382
     
60,772
     
133,500
     
224,654
 
Taylorsville Town Center
West 4700 South at Redwood Rd., Taylorsville
Albertsons + (O.B.O.),Rite Aid
    100.0 %            
94,157
     
0
     
40,057
     
134,214
 
West Jordan Town Center
West 7000 South at S. Redwood Rd., West
Albertsons + , Office Depot, Target (O.B.O.), Petco, Party City
    100.0 %            
182,099
     
0
     
122,800
     
304,899
 
 
Jordan
                                                 
Utah Total:
# of Properties: 3
                     
306,638
     
60,772
     
296,357
     
663,767
 

Page 31


Weingarten Realty Investors
 
Property Listing at June 30, 2007
 
                         
Gross Leasable Area
       
Center
Location
Anchors
 
WRI
Owned %
   
Foot Notes
   
WRI
Owned
   
Joint
Venture
Share
   
Owned by
Other
   
Total
 
Washington
                                       
Mukilteo Speedway Center
Mukilteo Speedway, Lincoln Way, and Highway 99, Lynnwood
Food Emporium, Bartell Drugs
    20.0 %     (1)(3)      
18,055
     
72,218
     
0
     
90,273
 
Meridian Town Center
Meridian Avenue East and 132nd Street East, Puyallup
JoAnn's, Safeway (O.B.O)
    20.0 %     (1)(3)      
15,533
     
62,133
     
65,346
     
143,012
 
South Hill Center
43rd Avenue Southwest and Meridian Street South, Puyallup
Best Buy, Bed Bath & Beyond, Ross
    20.0 %     (1)(3)      
26,804
     
107,216
     
0
     
134,020
 
Rainer Square Plaza
Rainer Avenue South and South Charleston Street, Seattle
Safeway +
    20.0 %     (1)(3)      
21,485
     
85,938
     
0
     
107,423
 
Washington Total:
# of Properties: 4
     
 
     
 
     
81,877
     
327,505
     
65,346
     
474,728
 
                                                     
Industrial
                                                   
Operating Properties
                                                   
                                                     
California
                                                   
Siempre Viva Business Park
Siempre Viva Rd. at Kerns St., San Diego
Hitachi Transport, UPS Supply Chain Solutions, Inc., Bose Corp., New Wave Logistics (USA) Inc.
    20.0 %     (1)(3)      
145,353
     
581,412
     
0
     
726,765
 
California Total:
# of Properties: 1
     
 
     
 
     
145,353
     
581,412
     
0
     
726,765
 
                                                     
Florida
                                                   
Lakeland Industrial Center
I-4 at County Rd., Lakeland
Rooms to Go, Amware Pallet Services, Publix, LaSalle Bristol
    100.0 %            
600,000
     
0
     
0
     
600,000
 
Lakeland Interestate Industrial Park
Interstate Drive and Kathleen Rd., Lakeland
Carolina Logistics Services, Inc., Acuity Specialty Products Group, Inc., Sunrise Medical HHG, Inc.
    100.0 %            
168,400
     
0
     
0
     
168,400
 
1801 Massaro
1801 Massaro Blvd., Tampa
MiTek Industries, Inc., Parksite, Inc.
    100.0 %            
159,000
     
0
     
0
     
159,000
 
Hopewell Industrial Center
Old Hopewell Boulevard and U.S. Highway 301, Tampa
Parts Depot, Inc., American Tire Distributors
    100.0 %            
224,483
     
0
     
0
     
224,483
 
Tampa East Industrial Portfolio
1841 Massaro Blvd., Tampa
General Electric, Hughes Supply, Interline Brands, GE Polymershapes
    100.0 %            
512,923
     
0
     
0
     
512,923
 
Florida Total:
# of Properties: 5
             
 
     
1,664,806
     
0
     
0
     
1,664,806
 
                                                     
Georgia
                                                   
Atlanta Industrial Park
Atlanta Industrial Pkwy. at Atlanta Industrial Dr., Atlanta
Target Container Co., Sanderson Industries, Inc., Recall Secure
    100.0 %            
120,200
     
0
     
0
     
120,200
 
Atlanta Industrial Park II & VI
Atlanta Industrial Pkwy. at Atlanta Industrial Dr., Atlanta
Target Container Co., Sanderson Industries, Inc., Recall Secure
    100.0 %            
382,340
     
0
     
0
     
382,340
 
Atlanta Industrial Parkway
Atlanta Industrial Pkwy. at Atlanta Industrial Dr., Atlanta
Target Container Co., Sanderson Industries, Inc., Recall Secure Destruction Services, Inc.
    100.0 %            
50,046
     
0
     
0
     
50,046
 
Sears Logistics
3700 Southside Industrial Way, Atlanta
Sears Logistics Services, Inc.
    20.0 %     (1)(3)      
80,511
     
322,043
     
0
     
402,554
 
Southside Industrial Parkway
Southside Industrial Pkwy at Jonesboro Rd., Atlanta
Lowe Supply, Inc., Mission Produce, Masco Contractor Services
    100.0 %            
72,000
     
0
     
0
     
72,000
 
Kennesaw 75
3850-3900 Kennesaw Prkwy, Kennesaw
American Hotel Register Co., Clorox Services Company, Builders Specialties, LLC
    100.0 %            
178,467
     
0
     
0
     
178,467
 
6485 Crescent Drive
I-85 at Jimmy Carter Blvd., Norcross
Zurn, Pax Industries, Inc., Prime Choice Properties, Inc.
    20.0 %     (1)(3)      
72,560
     
290,240
     
0
     
362,800
 
Georgia Total:
# of Properties: 5
                     
956,124
     
612,283
     
0
     
1,568,407
 
                                                     
Tennessee
                                                   
Crowfarn Drive Warehouse
Crowfarn Dr. at Getwell Rd., Memphis
Joseph T. Ryerson & Son, Inc., Diamond Comic Distributors, In
    20.0 %     (1)(3)      
31,770
     
127,079
     
0
     
158,849
 
Outland Business Center
Outland Center Dr., Memphis
Vistar Corporation, TricorBraun, Quest Communications Corporation, Kuehne & Nagel, Inc., Concentra Operating Corp.
    20.0 %     (1)(3)      
82,028
     
328,110
     
0
     
410,138
 
Southpoint I & II
Pleasant Hill Rd. at Shelby Dr., Memphis
AF Services, Sunnywood Products, Inc., Constar
    100.0 %            
570,940
     
0
     
0
     
570,940
 
Tennessee Total:
# of Properties: 3
                     
684,738
     
455,189
     
0
     
1,139,927
 
                                                     
Texas
                                                   
Midpoint I-20 Distribution Center
New York Avenue and Arbrook Boulevard, Arlington
DHL, INX International
    100.0 %            
253,165
     
0
     
0
     
253,165
 

Page 32


Weingarten Realty Investors
 
Property Listing at June 30, 2007
 
 
                         
Gross Leasable Area
       
Center
Location
Anchors
 
WRI
Owned %
   
Foot Notes
   
WRI
Owned
   
Joint
Venture
Share
   
Owned by
Other
   
Total
 
Randol Mill Place
Randol Mill Road, Arlington
American Institute of Intradermal Cosmetics, Becker-Parkin Dental Supply Company, Inc.
    100.0 %          
54,639
     
0
     
0
     
54,639
 
Braker 2 Business Center
Kramer Ln. at Metric Blvd., Austin
Home Team Pest Defense
    100.0 %          
27,322
     
0
     
0
     
27,322
 
Corporate Center Park I and II
Putnam Dr. at Research Blvd., Austin
Phoenix – Lamar Corp, Apria Healthcare, Inc., Walgreen Co.
    100.0 %          
119,452
     
0
     
0
     
119,452
 
Oak Hills Industrial Park
Industrial Oaks Blvd., Austin
Terracon, Inc., Nanocoolers, Inc., Honeywell
    100.0 %          
89,858
     
0
     
0
     
89,858
 
Rutland 10 Business Center
Metric Blvd. At Centimeter Circle, Austin
Media Event Concepts,  Inc., Technowood, Inc., Aramark
    100.0 %          
54,000
     
0
     
0
     
54,000
 
Southpark A,B,C
East St. Elmo Rd. at Woodward St., Austin
HJV Associates, Inc., EZ Corp, Inc.
    100.0 %          
78,276
     
0
     
0
     
78,276
 
Southpoint Service Center
Burleson at Promontory Point Dr., Austin
Browning Construction Co., Ltd., The Closet Factory
    100.0 %          
57,210
     
0
     
0
     
57,210
 
Wells  Branch Corporate Center
Wells Branch Pkwy., Austin
RDA Promart, Allstate
    100.0 %          
58,710
     
0
     
0
     
58,710
 
1625 Diplomat Drive
SWC Diplomat Dr. at McDaniel Dr., Carrollton
Rooftop Systems, Inc.
    100.0 %          
106,140
     
0
     
0
     
106,140
 
Midway Business Center
Midway at Boyington, Carrollton
ProSource, Luxury of Leather
    100.0 %          
141,246
     
0
     
0
     
141,246
 
Manana Office Center
I-35 at Manana, Dallas
Omega Environmental Technologies, Dave & Busters, B&B Graphics Finishing Services
    100.0 %          
223,128
     
0
     
0
     
223,128
 
Newkirk Service Center
Newkirk near N.W. Hwy., Dallas
Applied Industrial Technologies, AWC
    100.0 %          
105,892
     
0
     
0
     
105,892
 
Northaven Business Center
Northaven Rd., Dallas
Dillon Gage, Quality Conservation Services, Inc.
    100.0 %          
151,388
     
0
     
0
     
151,388
 
Northeast Crossing Office/Service Center
East N.W. Hwy. at Shiloh, Dallas
Capital Title, Garland surgery Center
    100.0 %          
78,700
     
0
     
0
     
78,700
 
Northwest Crossing Office/Service Center
N.W. Hwy. at Walton Walker, Dallas
Corporate Care, Magnum Cable Corp.
    100.0 %          
126,984
     
0
     
0
     
126,984
 
Redbird Distribution Center
Joseph Hardin Drive, Dallas
Consolidated Container Company; Texwood Industries, L.P.
    100.0 %          
110,839
     
0
     
0
     
110,839
 
Regal Distribution Center
Leston Avenue, Dallas
Document Management Systems, BKM Total Office of Texas, L.P., Global Industries Southwest
    100.0 %          
202,559
     
0
     
0
     
202,559
 
Space Center Industrial Park
Pulaski St. at Irving Blvd., Dallas
Weir’s Furniture Village, Inc., Facility Interiors, Inc.
    100.0 %          
264,582
     
0
     
0
     
264,582
 
McGraw Hill Distribution Center
420 E. Danieldale Rd, DeSoto
McGraw Hill Companies, Inc.
    100.0 %          
417,938
     
0
     
0
     
417,938
 
610 and 11th St. Warehouse
Loop 610 at 11th St.
Iron Mountain, Stone Container
    20.0 %     (1)(3)      
48,728
     
194,914
     
0
     
243,642
 
610 and 11th St. Warehouse
Loop 610 at 11th St.
Prefco Corp.
    100.0 %            
104,975
     
0
     
0
     
104,975
 
610/288 Business Park
Cannon Street
Palmer Logistics
    20.0 %     (1)(3)      
58,923
     
235,690
     
0
     
294,613
 
Beltway 8 Business Park
Beltway 8 at Petersham Dr.
Terminix, Carrier Sales and Distribution, Odwalla, Inc.
    100.0 %            
157,500
     
0
     
0
     
157,500
 
Blankenship Building
Kempwood Drive
Classic Printers
    100.0 %            
58,729
     
0
     
0
     
58,729
 
Brookhollow Business Center
Dacoma at Directors Row
Bristol Babcock, Surgeon's Management, Houston Digital Instruments
    100.0 %            
132,929
     
0
     
0
     
132,929
 
Central Park Northwest VI
Central Pkwy. at Dacoma
Houston Metallurgical Lab, Inc., Trader Publishing
    100.0 %            
175,356
     
0
     
0
     
175,356
 
Central Park Northwest VII
Central Pkwy. at Dacoma
Lucent Technologies, Inc.
    100.0 %            
103,485
     
0
     
0
     
103,485
 
Claywood Industrial Park
Clay at Hollister
Academy, Ltd.
    100.0 %            
330,141
     
0
     
0
     
330,141
 
Crosspoint Warehouse
Crosspoint
Foam Enterprises, LLC.
    100.0 %            
72,515
     
0
     
0
     
72,515
 
Houston Cold Storage Warehouse
7080 Express Lane
SIG Southwest, Global Stainless Supply, Inc., Houston Central Industries, Inc., Meridian IQ
    100.0 %            
128,752
     
0
     
0
     
128,752
 
Jester Plaza Office Service Center
West T.C. Jester
Corporate Care of Houston, Milwaukee Electric Tool Corporation
    100.0 %            
100,605
     
0
     
0
     
100,605
 
Kempwood Industrial
Kempwood Dr. at Blankenship Dr.
Pioneer Contract Services
    100.0 %            
113,218
     
0
     
0
     
113,218
 
Kempwood Industrial
Kempwood Dr. at Blankenship Dr.
Pioneer Contract Services, Veritas
    20.0 %     (1)(3)      
43,898
     
175,591
     
0
     
219,489
 
Lathrop Warehouse
Lathrop St. at Larimer St.
United D.C., Inc.
    20.0 %     (1)(3)      
50,603
     
202,412
     
0
     
253,015
 
Navigation Business Park
Navigation at N. York
Packwell, Inc.
    20.0 %     (1)(3)      
47,593
     
190,374
     
0
     
237,967
 
Northway Park II
Loop 610 East at Homestead
Jet Lube, Inc.
    20.0 %     (1)(3)      
60,659
     
242,638
     
0
     
303,297
 
Railwood F
Market at U.S. 90
Shell Oil Company
    20.0 %     (1)(3)      
60,000
     
240,000
     
0
     
300,000
 
Railwood Industrial Park
Mesa at U.S. 90
Bison Building Materials, Ltd.; DSC Logistics
    20.0 %     (1)(3)      
99,516
     
398,064
     
0
     
497,580
 
Railwood Industrial Park
Mesa at U.S. 90
SIG Southwest, Global Stainless Supply, Inc., Houston Central Industries, Inc., Meridian IQ
    100.0 %            
487,055
     
0
     
0
     
487,055
 
South Loop Business Park
S. Loop at Long Dr.
Plastic Plus Awards, Lumber Liquidators
    50.0 %     (1)(3)      
46,225
     
46,225
     
0
     
92,450
 
Southport Business Park 5
South Loop 610
International Surface Preparation Group, Inc., Sandvik, Inc.
    100.0 %            
160,653
     
0
     
0
     
160,653
 
Southwest Park II Service Center
Rockley Road
Bioassay Laboratory, Inc.
    100.0 %            
67,700
     
0
     
0
     
67,700
 
Stonecrest Business Center
Wilcrest at Fallstone
Aztec Facility Services, Inc.
    100.0 %            
110,557
     
0
     
0
     
110,557
 
Town & Country Commerce Center
I-10 at Beltway 8
      100.0 %            
206,056
     
0
     
0
     
206,056
 
West 10 Business Center II
Wirt Rd. at I-10
Summers Group, Inc.
    100.0 %            
82,788
     
0
     
0
     
82,788
 
West Loop Commerce Center
W. Loop N. at I-10
Inter-Tel Technologies
    100.0 %            
34,256
     
0
     
0
     
34,256
 

Page 33


Weingarten Realty Investors
 
Property Listing at June 30, 2007

                         
Gross Leasable Area
       
Center
Location
Anchors
 
WRI
Owned %
   
Foot Notes
   
WRI
Owned
   
Joint
Venture
Share
   
Owned by
Other
   
Total
 
West-10 Business Center
Wirt Rd. at I-10
Aaron’s Office Furniture
    100.0 %          
102,087
     
0
     
0
     
102,087
 
Westgate Service Center
Park Row Drive at Whiteback Dr.
Welltec, Inc.,Wood Group, 3M
    100.0 %          
118,900
     
0
     
0
     
118,900
 
Freeport Commerce Center
Sterling Street and Statesman Drive, Irving
McGraw Hill Companies, Inc., TKS (U.S.A.), Inc.
    100.0 %          
50,590
     
0
     
0
     
50,590
 
Central Plano Business Park
Klein Rd. at Plano Pkwy., Plano
CK Management, Inc., Minarik Corp.
    100.0 %          
137,785
     
0
     
0
     
137,785
 
Jupiter Service Center
Jupiter near Plano Pkwy., Plano
Interceramic Tile, Gemaire Distributors
    100.0 %          
78,480
     
0
     
0
     
78,480
 
Sherman Plaza Business Park
Sherman at Phillips, Richardson
Leggett & Platt, Inc., The Volkswagen Store
    100.0 %          
101,137
     
0
     
0
     
101,137
 
Interwest Business Park
Alamo Downs Parkway, San Antonio
All-American Sports, Gell Service Company, Inc., Janitrol
    100.0 %          
218,219
     
0
     
0
     
218,219
 
Isom Business Park
919-981 Isom Road, San Antonio
Gate Gourmet, Wells Fargo Bank
    100.0 %          
175,200
     
0
     
0
     
175,200
 
O'Connor Road Business Park
O’Connor Road, San Antonio
Ingersoll Rand , TD Industries
    100.0 %          
150,091
     
0
     
0
     
150,091
 
Freeport Business Center
13215 N. Promenade Blvd., Stafford
Fairfield Industries, Yokogama, Gurtwitch Products
    100.0 %          
251,200
     
0
     
0
     
251,200
 
Texas Total:
# of Properties:52
                   
7,249,132
     
1,925,908
     
0
     
9,175,040
 
                                                   
Virginia
                                                 
Enterchange at Northlake A
11900-11998 North Lakeridge Parkway,
Owens & Minor, VSE Corporation, FedEx Ground
    100.0 %     (1)      
215,077
     
0
     
0
     
215,077
 
Enterchange at Northlake C
North Lakeridge Parkway & Northlake Park Dr, Ashland
Handleman Company, International Paper, Owens & Minor
    20.0 %     (1)(3)      
58,623
     
234,491
     
0
     
293,114
 
Enterchange at Meadowville
2101 Bermuda Hundred Dr, Chester
BASF Corporation
    20.0 %     (1)(3)      
45,362
     
181,447
     
0
     
226,809
 
Enterchange at Walthall A & B
1900-1998 Ruffin Mill Rd, Colonial Heights
The Antioch Company,  Xymid LLC, Central National-Gottesman, Inc.
    20.0 %     (1)(3)      
121,356
     
485,424
     
0
     
606,780
 
Enterchange at Walthall C
1936-1962 Ruffin Mill Rd, Colonial Heights
PSS World Medical, Hill Phoenix
    20.0 %     (1)(3)      
52,384
     
209,538
     
0
     
261,922
 
Enterchange at Walthall D
1700-1798 Ruffin Mill Rd, Colonial Heights
Recall, The Sharper Image
    100.0 %     (1)      
171,222
     
0
     
0
     
171,222
 
Interport Business Center A
4800-4890 Eubank Road, Richmond
Anderson News, LLC, HD Business LLC, Wyeth
    20.0 %     (1)(3)      
89,482
     
357,930
     
0
     
447,412
 
Interport Business Center B
4700-4790 Eubank Road, Richmond
Mid South Building Supply, Inc., Alcoa, EGL Eagle Global Logistics, LP
    20.0 %     (1)(3)      
23,600
     
94,400
     
0
     
118,000
 
Interport Business Center C
5300-5390 Laburnum Ave, Richmond
Sears Home Improvement Products, Inc., Ferguson
    20.0 %     (1)(3)      
10,977
     
43,907
     
0
     
54,884
 
Virginia Total:
# of Properties:9
                     
788,083
     
1,607,137
     
0
     
2,395,220
 
                                                     
Other
                                                   
Operating Properties
                                                   
                                                     
Arizona
                                                   
Arcadia Biltmore Plaza
Campbell Ave. at North 36th St., Phoenix
Endurance Rehab, Weingarten Realty Regional Office
    100.0 %            
16,070
     
0
     
0
     
16,070
 
Arizona Total:
# of Properties:1
                     
16,070
     
0
     
0
     
16,070
 
                                                     
Texas
                                                   
1919 North Loop West
Hacket Drive at West Loop 610 North
State of Texas, Weingarten Realty Regional Office
    100.0 %            
139,979
     
0
     
0
     
139,979
 
Citadel Plaza
Citadel Plaza Dr.
Weingarten Realty Investors Corporate Office
    100.0 %            
16,152
     
0
     
0
     
16,152
 
Texas Total:
# of Properties:2
                     
156,131
     
0
     
0
     
156,131
 
                                                     
Total Operating Properties
# of Properties:377
                     
47,786,837
     
9,117,242
     
8,983,262
     
65,887,336
 

Page 34


Weingarten Realty Investors
 
Property Listing at June 30, 2007

                         
Gross Leasable Area
       
Center
Location
Anchors
 
WRI
Owned %
   
Foot Notes
   
WRI
Owned
   
Joint
Venture
Share
   
Owned by
Other
   
Total
 
New Development
                                       
                                         
Arizona
                                       
Laveen Village Market
Baseline Rd. at  51st St., Phoenix
      100.0 %     (2)      
85,131
     
0
     
71,619
     
156,750
 
Mohave Crossroads
Bullhead Parkway at State Route 95, Bullhead City
      100.0 %     (2)      
0
     
0
     
0
     
0
 
Raintree Ranch
Ray Road at Price Road, Chandler
      100.0 %     (2)      
121,437
     
0
     
60,059
     
181,496
 
The Shoppes at Parkwood Ranch
Southern Avenue and Signal Butte Road, Mesa
      100.0 %     (2)      
3,300
     
0
     
0
     
3,300
 
Arizona Total:
# of Properties: 4
                     
209,868
     
0
     
131,678
     
341,546
 
                                                     
California
                                                   
Jess Ranch Marketplace
Bear Valley Road at Jess Ranch Parkway, Apple Valley
      50.0 %     (1)(2)(3)      
84,202
     
84,202
     
0
     
168,403
 
Jess Ranch Phase III
Bear Valley Road at Jess Ranch Parkway, Apple Valley
      50.0 %     (1)(2)(3)      
15,000
     
15,000
     
0
     
30,000
 
California Total:
# of Properties: 2
                     
99,202
     
99,202
     
0
     
198,403
 
                                                     
Colorado
                                                   
Buckingham Square
Mississippi at Havana, Aurora
      50.0 %     (1)(2)      
0
     
0
     
0
     
0
 
Glenwood Meadows
Midland Ave. at W. Meadows, Glenwood Springs
      41.0 %     (1)(2)(3)      
111,118
     
159,902
     
125,174
     
396,194
 
River Point at Sheridan
Highway 77 and Highway 88, Sheridan
      50.0 %     (1)(2)      
0
     
0
     
0
     
0
 
Colorado Total:
# of Properties: 3
                     
111,118
     
159,902
     
125,174
     
396,194
 
                                                     
Florida
                                                   
Clermont Landing
U.S. 27 & Steve's Road
      55.0 %     (1)(2)      
0
     
0
     
0
     
0
 
Colonial Landing
East Colonial Dr. at Maguire Boulevard, Orlando
      50.0 %     (1)(2)      
132,190
     
132,190
     
0
     
264,381
 
Palm Coast Center
State Road 100 & Belle Terre Parkway, Palm Coast
      50.0 %     (1)(2)      
1,250
     
1,250
     
0
     
2,500
 
Phillips Crossing
Interstate 4 and Sand Lake Road, Orlando
      100.0 %     (2)      
61,795
     
0
     
0
     
61,795
 
Phillips Landing
Turkey Lake Rd., Orlando
      100.0 %     (2)      
20,625
     
0
     
0
     
20,625
 
Florida Total:
# of Properties: 5
                     
215,860
     
133,440
     
0
     
349,301
 
                                                     
Georgia
                                                   
South Fulton Town Center
NWC South Fulton Parkway @ Hwy 92, Union City
      50.0 %     (1)(2)      
0
     
0
     
0
     
0
 
Georgia Total:
# of Properties: 1
                     
0
     
0
     
0
     
0
 
                                                     
North Carolina
                                                   
Crabtree Towne Center
Creedmoor (Highway 50) and Crabtree Valley Avenue, Raleigh
      100.0 %     (2)      
0
     
0
     
0
     
0
 
Southern Pines
U.S. 15-501 and Bruce Wood Rd, Southern Pines
      100.0 %     (2)      
0
     
0
     
0
     
0
 
Surf City Crossing
Highway 17 and Highway 210, Surf City
      100.0 %     (2)      
0
     
0
     
0
     
0
 
The Shoppes at Caveness Farms
Capitol Boulevard and Caveness Farms Avenue, Wake Forest
      100.0 %     (2)      
19,876
     
0
     
0
     
19,876
 
Waterford Village
US Hwy 17 & US Hwy 74/76, Leland
      75.0 %     (1)(2)      
3,019
     
1,006
     
0
     
4,025
 
North Carolina Total:
# of Properties: 5
                     
22,895
     
1,006
     
0
     
23,901
 
                                                     
Tennessee
                                                   
Ridgeway Trace
Memphis
      100.0 %     (2)      
0
     
0
     
0
     
0
 
Tennessee Total:
# of Properties: 1
                     
0
     
0
     
0
     
0
 
                                                     
Texas
                                                   
Festival Plaza
Helotes, TX
      100.0 %     (2)      
0
     
0
     
0
     
0
 
Gateway Station
I-35W and McAlister Rd., Burleson
      70.0 %     (1)(2)      
0
     
0
     
0
     
0
 
Horne Street Market
I-30 & Horne Street, Fort Worth
      100.0 %     (2)      
0
     
0
     
0
     
0
 
Market at Nolana
Nolana Ave and 29th St., McAllen
      50.0 %     (1)(2)(3)      
10,715
     
10,715
     
0
     
21,430
 

Page 35


Weingarten Realty Investors
 
Property Listing at June 30, 2007
 
                         
Gross Leasable Area
       
Center
Location
Anchors
 
WRI
Owned %
   
Foot Notes
   
WRI
Owned
   
Joint
Venture
Share
   
Owned by
Other
   
Total
 
Market at Sharyland Place
U.S. Expressway 83 and Shary Road, Mission
      50.0 %     (1)(2)(3)      
44,402
     
44,402
     
0
     
88,803
 
North Sharyland Towne Crossing
Shary Rd. at North Hwy. 83, Mission
      50.0 %     (1)(2)(3)      
0
     
0
     
0
     
0
 
North Towne Plaza
U.S. 77 and 83 at SHFM 802, Brownsville
      75.0 %     (2)      
0
     
0
     
0
     
0
 
River Pointe
I-45 at Loop 336, Conroe
      100.0 %     (2)      
44,792
     
0
     
144,911
     
189,703
 
Rock Prairie Marketplace
Rock Prairie Rd. at Hwy. 6, College Station
      100.0 %     (2)      
0
     
0
     
0
     
0
 
Sharyland Towne Crossing
Shary Rd. at Hwy. 83, Mission
      50.0 %     (1)(2)(3)      
166,346
     
166,346
     
0
     
332,693
 
Starr Plaza
U.S. Hwy. 83 at Bridge St., Rio Grande City
      50.0 %     (1)(2)(3)      
88,406
     
88,406
     
0
     
176,812
 
Stevens Ranch
NEC SH 211 and Potranco Road, San Antonio
      50.0 %     (1)(2)      
0
     
0
     
0
     
0
 
Tomball Marketplace
FM 2920 and Future 249, Tomball
      100.0 %     (2)      
0
     
0
     
0
     
0
 
Westover Square
151 and Ingram, San Antonio
      66.7 %     (1)(2)      
0
     
0
     
0
     
0
 
Westwood Center
Culebra Road and Westwood Loop, San Antonio
      100.0 %     (2)      
0
     
0
     
0
     
0
 
Texas Total:
# of Properties: 15
                     
354,661
     
309,869
     
144,911
     
809,441
 
                                                     
Washington
                                                   
Village at Liberty Lake
E. Country Vista Dr. at N. Liberty Rd., Liberty Lake
      50.0 %     (1)(2)(3)      
5,000
     
5,000
     
132,874
     
142,875
 
Washington Total:
# of Properties: 1
                     
5,000
     
5,000
     
132,874
     
142,875
 
                                                     
Total New Developments
# of Properties: 37
                     
1,018,604
     
708,419
     
534,637
     
2,261,661
 
                                                     
Unimproved Land
                                                   
Louisiana
                                                   
U.S. Highway 171 at Parish, DeRidder
                                               
462,000
 
Louisiana Total:
                                               
462,000
 
                                                     
North Carolina
                                                   
The Shoppes at Caveness Farms
                                               
1,750,000
 
North Carolina Total:
                                               
1,750,000
 
                                                     
Texas
                                                   
9th Ave. at 25th St., Port Arthur
                                               
243,000
 
Bissonnet at Wilcrest
                                               
175,000
 
Citadel Plaza at 610 North Loop
                                               
137,000
 
East Orem
                                               
122,000
 
Highway 3 at Highway 1765, Texas City
                                               
201,000
 
Kirkwood at Dashwood Drive
                                               
322,000
 
Mesa Road at Tidwell
                                               
901,000
 
NEC of US Hwy 380 & Hwy 75, McKinney
                                               
87,000
 
Northwest Freeway at Gessner
                                               
422,000
 
River Pointe Drive at Interstate 45, Conroe
                                               
618,000
 
Shaver at Southmore, Pasadena
                                               
17,000
 
West Little York at Interstate 45
                                               
161,000
 
West Loop North at Interstate 10
                                               
145,000
 
Texas Total:
                                               
3,551,000
 
                                                     
Total Unimproved Land
                                               
5,763,000
 
 
 
Page 36