WEINGARTEN REALTY INVESTORS /TX/ - FORM 8-K - EX-99.2 - SUPPLEMENT FINANCIAL INFORMATION

Attached files

file	filename
8-K - FORM 8-K - WEINGARTEN REALTY INVESTORS /TX/	d8k.htm
EX-99.1 - PRESS RELEASE - WEINGARTEN REALTY INVESTORS /TX/	dex991.htm

Exhibit 99.2

LOGO


Table of Contents		Page No.

Corporate Profile		1

Financial Summary
Condensed Consolidated Statements of Income		3
Condensed Consolidated Balance Sheets		4
Supplemental Financial Data		5
Funds from Operations
Recurring Funds from Operations
Dividends
General and Administrative Expenses
Supplemental Income Statement Detail		6
Rentals, net
Fee Income From Real Estate Joint Ventures and Partnerships
Interest Expense, net
Interest Income and Other Income, net
Supplemental Analyst Information
Net Operating Income Including Joint Ventures
Equity in Earnings of Real Estate Joint Ventures and Partnerships, net
Supplemental Balance Sheet Detail		7
Property
Straight Line Rent Receivable
Other Assets, net
Other Liabilities, net
Identified Intangible Assets and Liabilities
Capitalization and Coverage Ratios		8
Common Share Data
Capitalization
Capital Availability
Coverage Ratios
Net Debt to Adjusted EBITDA
Credit Ratings

Investment Activity
New Development Properties		10
Land Held for Development		11
Disposition and Acquisition Summary		12
Property Investment Summary		13

Summary of Debt
Debt Information		15
Outstanding Balance Summary
Fixed vs. Variable Rate Debt
Secured vs. Unsecured Debt
Weighted Average Interest Rates
Schedule of Maturities		16

Joint Ventures
Financial Statements of Unconsolidated Real Estate Joint Ventures and Partnerships at 100%		18
Financial Statements of Unconsolidated Real Estate Joint Ventures and Partnerships at Pro rata Share		19
Investments in Unconsolidated Real Estate Joint Ventures & Partnerships		20
Mortgage Debt Information for Unconsolidated Real Estate Joint Ventures & Partnerships		21

Portfolio Summary
Tenant Diversification by Percent of Rental Revenues		23
Portfolio Operating Information		24
Lease Expirations
Leasing Activity - Signed Leases
Occupancy
Same Property Net Operating Income Growth
Total Net Operating Income by Geographic Region		25
Average Base Rents by CBSA		26 - 28

Property Listing		30 - 43

Other Topics of Interest
Supplemental Leasing Information		45

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, 2011, we owned or operated under long-term leases, interests in 386 developed income-producing properties and 11 new development properties (including 7 which are income-producing), which are located in 23 states that span the United States from coast to coast. Included in the portfolio are 317 shopping centers, 77 industrial projects, and 3 other operating properties. Our interests in these properties aggregated approximately 44.6 million square feet of leasable area. Our properties were 91.2% leased as of June 30, 2011, 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

Stock Listings

New York Stock Exchange:


Common Shares		WRI
Series D Preferred Shares		WRI-PD
Series E Preferred Shares		WRI-PE
Series F Preferred Shares		WRI-PF
8.1% 2019 Notes		WRD

Forward-Looking Statements

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

Non-GAAP Disclosures

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

Page 1

Financial Summary

Weingarten Realty Investors

Condensed Consolidated Statements of Income

(in thousands, except per share amounts)


	Three Months Ended June 30,						Six Months Ended June 30,						Twelve Months Ended December 31,
	2011			2010			2011			2010			2010			2009			2008			2007
Revenues:
Rentals, net	$	135,521		$	134,320		$	266,894		$	267,399		$	536,727		$	549,960		$	574,514		$	543,058
Other		5,704			3,471			8,426			6,484			13,846			17,927			13,772			13,127

Total		141,225			137,791			275,320			273,883			550,573			567,887			588,286			556,185

Expenses:
Depreciation and amortization		39,609			37,685			78,040			73,542			149,882			146,493			148,607			121,086
Operating		26,839			25,581			51,122			51,373			105,051			102,387			112,842			98,936
Real estate taxes, net		16,327			16,218			33,072			32,973			64,213			69,936			69,808			63,389
Impairment loss		18,892			15,825			19,662			16,061			33,317			34,983			52,539
General and administrative		6,612			6,069			13,168			12,660			25,000			25,930			25,761			26,979

Total		108,279			101,378			195,064			186,609			377,463			379,729			409,557			310,390

Operating Income		32,946			36,413			80,256			87,274			173,110			188,158			178,729			245,795
Interest Expense, net		(37,324	)		(37,280	)		(74,170	)		(74,719	)		(148,330	)		(152,390	)		(155,405	)		(155,234	)
Interest and Other Income, net		1,423			972			3,478			3,835			9,825			11,427			4,333			8,482
Equity in Earnings of Real Estate Joint Ventures and Partnerships, net (a)		3,579			2,630			6,976			5,866			12,889			5,548			12,196			19,853
(Loss) Gain on Redemption of Convertible Senior Unsecured Notes					(135	)					(135	)		(135	)		25,311			12,961
Gain on Acquisition		4,559						4,559
Gain on Land and Merchant Development Sales		1						963									18,688			8,342			16,385
(Provision) Benefit for Income Taxes		(119	)		320			197			(156	)		(222	)		(6,313	)		10,244			(4,073	)

Income from Continuing Operations		5,065			2,920			22,259			21,965			47,137			90,429			71,400			131,208

Operating (Loss) Income from Discontinued Operations		(2,261	)		138			(2,365	)		367			1,003			3,816			12,475			21,385
Gain on Sale of Property from Discontinued Operations					618						618			814			55,765			68,722			83,659

(Loss) Income from Discontinued Operations		(2,261	)		756			(2,365	)		985			1,817			59,581			81,197			105,044
Gain (Loss) on Sale of Property		135			(6	)		233			842			2,284			25,266			1,998			4,086

Net Income		2,939			3,670			20,127			23,792			51,238			175,276			154,595			240,338
Less: Net Income Attributable to Noncontrolling Interests		(1,236	)		(367	)		(2,328	)		(1,381	)		(5,032	)		(4,174	)		(8,943	)		(10,237	)

Net Income Adjusted for Noncontrolling Interests		1,703			3,303			17,799			22,411			46,206			171,102			145,652			230,101
Preferred Share Dividends		(8,869	)		(8,869	)		(17,738	)		(17,738	)		(35,476	)		(35,476	)		(34,711	)		(25,375	)
Redemption Costs of Preferred Shares																				(1,850	)

Net (Loss) Income Attributable to Common Shareholders	$	(7,166	)	$	(5,566	)	$	61		$	4,673		$	10,730		$	135,626		$	109,091		$	204,726

Earnings Per Common Share - Basic	$	(0.06	)	$	(0.05	)	$	—		$	0.04		$	0.09		$	1.24		$	1.29		$	2.39

Earnings Per Common Share - Diluted	$	(0.06	)	$	(0.05	)	$	—		$	0.04		$	0.09		$	1.23		$	1.28		$	2.35

(a)	See Page 19 for the Company’s pro rata share of the operating results of its unconsolidated real estate joint ventures and partnerships.

Page 3

Weingarten Realty Investors

Condensed Consolidated Balance Sheets

(in thousands, except per share amounts)


	June 30, 2011			December 31, 2010
ASSETS

Property	$	4,827,374		$	4,777,794
Accumulated Depreciation		(1,025,170	)		(971,249	)

Property, net		3,802,204			3,806,545

Investment in Real Estate Joint Ventures and Partnerships, net (a)		345,404			347,526

Total		4,147,608			4,154,071

Notes Receivable from Real Estate Joint Ventures and Partnerships		159,760			184,788
Unamortized Debt and Lease Costs, net		120,625			116,437
Accrued Rent and Accounts Receivable (net of allowance for doubtful accounts of $10,332 in 2011 and $10,137 in 2010 )		78,145			95,859
Cash and Cash Equivalents		24,374			23,859
Restricted Deposits and Mortgage Escrows		32,003			10,208
Other, net		193,263			222,633

Total	$	4,755,778		$	4,807,855


LIABILITIES AND EQUITY

Debt, net	$	2,615,976		$	2,589,448
Accounts Payable and Accrued Expenses		108,929			126,767
Other, net		109,287			111,383

Total		2,834,192			2,827,598


Commitments and Contingencies

Equity:
Shareholders’ Equity:
Preferred Shares of Beneficial Interest - par value, $.03 per share; shares authorized: 10,000
6.75% Series D cumulative redeemable preferred shares of beneficial interest; 100 shares issued and outstanding in 2011 and 2010; liquidation preference $75,000		3			3
6.95% Series E cumulative redeemable preferred shares of beneficial interest; 29 shares issued and outstanding in 2011 and 2010; liquidation preference $72,500		1			1
6.5% Series F cumulative redeemable preferred shares of beneficial interest; 140 shares issued and outstanding in 2011 and 2010; liquidation preference $350,000		4			4
Common Shares of Beneficial Interest - par value, $.03 per share; shares authorized: 275,000; shares issued and outstanding: 120,822 in 2011 and 120,492 in 2010		3,640			3,630
Accumulated Additional Paid-In Capital		1,980,285			1,969,905
Net Income Less Than Accumulated Dividends		(218,126	)		(151,780	)
Accumulated Other Comprehensive Loss		(20,826	)		(21,774	)

Shareholders’ Equity		1,744,981			1,799,989
Noncontrolling Interests		176,605			180,268

Total Equity		1,921,586			1,980,257

Total	$	4,755,778		$	4,807,855

(a)	This represents the Company’s investment of its unconsolidated real estate joint ventures and partnerships. See page 19 for additional information.

Page 4

Weingarten Realty Investors

Supplemental Financial Data

(in thousands, except per share amounts)


	Three Months Ended June 30,						Six Months Ended June 30,
	2011			2010			2011			2010
Funds from Operations
Numerator:
Net (loss) income attributable to common shareholders	$	(7,166	)	$	(5,566	)	$	61		$	4,673
Depreciation and amortization		37,999			35,734			74,927			70,188
Depreciation and amortization of unconsolidated real estate joint ventures and partnerships		5,629			4,922			11,593			9,945
(Gain) on sale of property		(89	)		(618	)		(187	)		(1,461	)
(Gain) loss on sale of property of unconsolidated real estate joint ventures and partnerships					(1	)		10			1

Funds from Operations - Basic		36,373			34,471			86,404			83,346
Funds from operations attributable to operating partnership units

Funds from Operations - Diluted		36,373			34,471			86,404			83,346
Adjustments for Recurring FFO:
Impairment loss, net of tax		21,325			15,940			22,660			16,176
Gain on acquisition		(4,559	)					(4,559	)
Loss on redemption of convertible senior unsecured notes					135						135
Extinguishment of debt cost, net		250						250
Acquisitions costs		163			66			264			66
Litigation settlement, net of tax		(1,040	)					(1,040	)
(Gain) on land and merchant development sales, net of tax		(1	)					(1,064	)

Recurring Funds from Operations - Diluted	$	52,511		$	50,612		$	102,915		$	99,723


Denominator:
Weighted average shares outstanding - Basic		120,345			119,936			120,244			119,858
Effect of dilutive securities:
Share options and awards								967			797
Operating partnership units

Weighted average shares outstanding - Diluted		120,345			119,936			121,211			120,655


Funds from Operations per Share - Basic	$	0.30		$	0.29		$	0.72		$	0.70

Funds from Operations Per Share - Diluted	$	0.30		$	0.29		$	0.71		$	0.69
Adjustments for Recurring FFO per share:
Impairment loss, net of tax		0.18			0.13			0.19			0.14
Gain on acquisition		(0.03	)					(0.03	)
Loss on redemption of convertible senior unsecured notes
Extinguishment of debt cost, net
Acquisitions costs
Litigation settlement, net of tax		(0.01	)					(0.01	)
(Gain) on land and merchant development sales, net of tax								(0.01	)

Recurring Funds from Operations Per Share - Diluted	$	0.44		$	0.42		$	0.85		$	0.83




Dividends
Common Dividends per Share	$	0.275		$	0.260		$	0.550		$	0.520

Common Dividends Paid as a % of Funds from Operations		91.4	%		90.8	%		76.9	%		75.0	%

General and Administrative Expenses
General and Administrative Expenses/Total Revenue		4.7	%		4.4	%		4.8	%		4.6	%

General and Administrative Expenses/Total Assets before Depreciation		0.11	%		0.11	%		0.23	%		0.22	%

Page 5

Weingarten Realty Investors

Supplemental Income Statement Detail

(in thousands)


	Three Months Ended June 30,						Six Months Ended June 30,
	2011			2010			2011			2010
Rentals, net
Base minimum rent, net	$	106,752		$	103,346		$	209,596		$	205,141
Straight line rent		651			1,750			2,587			4,549
Over/Under-market rentals, net		331			485			898			730
Percentage rent		770			1,049			1,939			1,990
Tenant reimbursements		27,017			27,690			51,874			54,989

Total	$	135,521		$	134,320		$	266,894		$	267,399




Fee Income from Real Estate Joint Ventures and Partnerships
Recurring	$	1,486		$	1,649		$	3,163		$	3,416
Non-Recurring		32						86

Total	$	1,518		$	1,649		$	3,249		$	3,416




Interest Expense, net
Interest paid or accrued	$	37,648		$	38,424		$	75,074		$	77,262
Over-market mortgage adjustment of acquired properties, net		(579	)		(830	)		(1,394	)		(1,670	)
Amortization of convertible bond discount		572			555			1,144			1,119

Gross interest expense		37,641			38,149			74,824			76,711
Capitalized interest		(317	)		(869	)		(654	)		(1,992	)

Total	$	37,324		$	37,280		$	74,170		$	74,719




Interest and Other Income, net
Interest income from joint ventures (primarily construction loans)	$	855		$	916		$	1,749		$	2,353
Deferred compensation interest income (loss)		157			(853	)		768			(371	)
Other		411			909			961			1,853

Total	$	1,423		$	972		$	3,478		$	3,835




Supplemental Analyst Information

Net Operating Income including Joint Ventures
Revenues	$	141,225		$	137,791		$	275,320		$	273,883
Operating expense		(26,839	)		(25,581	)		(51,122	)		(51,373	)
Real estate taxes		(16,327	)		(16,218	)		(33,072	)		(32,973	)

Total		98,059			95,992			191,126			189,537


Net Operating Income from Discontinued Operations		397			655			1,066			1,358

Minority Interests Share of Net Operating Income and Other Adjustments		(6,038	)		(6,176	)		(11,910	)		(12,051	)

Pro rata Income From Consolidated Ventures		92,418			90,471			180,282			178,844


Pro rata share of Unconsolidated Joint Ventures
Revenues		16,917			14,485			34,105			29,254
Operating expense		(2,852	)		(2,416	)		(5,735	)		(5,005	)
Real estate taxes		(2,030	)		(1,994	)		(4,142	)		(3,813	)

Total		12,035			10,075			24,228			20,436


Net Operating Income including Joint Ventures	$	104,453		$	100,546		$	204,510		$	199,280




Equity in Earnings of Real Estate Joint Ventures and Partnerships, net
Net income from unconsolidated real estate joint ventures and partnerships	$	2,462		$	1,735		$	4,435		$	3,376
Intercompany fee income reclass		1,246			1,253			2,579			3,058
Other adjustments		(129	)		(358	)		(38	)		(568	)

Equity in earnings of real estate joint ventures and partnerships, net	$	3,579		$	2,630		$	6,976		$	5,866

Page 6

Weingarten Realty Investors

Supplemental Balance Sheet Detail

(in thousands)


	June 30, 2011			December 31, 2010
Property
Land	$	956,449		$	925,497
Land held for development		157,179			170,213
Land under development		15,418			22,967
Buildings and improvements		3,658,921			3,610,889
Construction in-progress		39,407			48,228

Total	$	4,827,374		$	4,777,794




Straight Line Rent Receivable	$	59,829		$	57,941




Other Assets, net
Notes receivable and mortgage bonds, net	$	64,813		$	76,716
Debt service guaranty asset		74,075			97,000
Non-qualified benefit plan assets		15,273			15,059
Out-of-market rentals, net		6,818			6,318
Deferred income tax asset		12,172			11,869
Interest rate derivative		7,703			7,192
Other		12,409			8,479

Total	$	193,263		$	222,633




Other Liabilities, net
Deferred revenue	$	19,388		$	21,136
Non-qualified benefit plan liabilities		43,084			41,388
Deferred income tax payable		5,579			6,149
Out-of-market rentals, net		14,783			14,083
Interest rate derivative		177			108
Other		26,276			28,519

Total	$	109,287		$	111,383




Identified Intangible Assets and Liabilities
Identified Intangible Assets:
Above-market leases (included in Other Assets, net)	$	17,780		$	16,825
Above-market leases - Accumulated Amortization		(10,962	)		(10,507	)
Below-market assumed Mortgages (included in Debt, net)		5,722			5,722
Below-market assumed Mortgages - Accumulated Amortization		(1,460	)		(1,157	)
Valuation of in place leases (included in Unamortized Debt and Lease Costs, net)		77,895			71,272
Valuation of in place leases - Accumulated Amortization		(36,989	)		(35,984	)

Total	$	51,986		$	46,171


Identified Intangible Liabilities:
Below-market leases (included in Other Liabilities, net)	$	39,468		$	37,668
Below-market leases - Accumulated Amortization		(24,685	)		(23,585	)
Above-market assumed mortgages (included in Debt, net)		45,670			48,149
Above-market assumed mortgages - Accumulated Amortization		(30,505	)		(31,288	)

Total	$	29,948		$	30,944

Page 7

Weingarten Realty Investors

Capitalization and Coverage Ratios

(in thousands, except common share data and percentages)


		June 30, 2011			December 31, 2010
Common Share Data
Closing Market Price		$	25.16		$	23.76

Dividend Yield			4.37	%		4.38	%

90-Day, Average Daily Trading Volume			849,002			1,109,792


Capitalization (As reported)
Debt		$	2,615,976		$	2,589,448
Preferred Shares			497,500			497,500
Common Shares at Market			3,039,882			2,862,890
Operating Partnership Units at Market			40,709			39,085

Total Market Capitalization		$	6,194,066		$	5,988,923


Debt to Total Market Capitalization			42.2	%		43.2	%

Capitalization (Pro rata)
Debt		$	2,554,881		$	2,521,278
Preferred Shares			497,500			497,500
Common Shares at Market			3,039,882			2,862,890
Operating Partnership Units at Market			40,709			39,085

Total Market Capitalization		$	6,132,971		$	5,920,753


Debt to Total Market Capitalization			41.7	%		42.6	%


Capital Availability
Revolving Credit Facility		$	500,000		$	500,000
Less:
Balance Outstanding Under Revolving Credit Facility			165,000
Outstanding Letters of Credit Under Revolving Facility			2,250			52,401

Unused Portion of Credit Facility		$	332,750		$	447,599




Public Debt Covenant Ratios	Restrictions
Debt to Asset Ratio	Less than 60.0%		45.4	%		45.9	%
Secured Debt to Asset Ratio	Less than 40.0%		18.9	%		19.8	%
Fixed Charge Ratio	Greater than 1.5x		2.4x			2.4x
Unencumbered Asset Test	Greater than 100%		253.6	%		249.7	%


Net Debt to Adjusted EBITDA			6.68x			6.67x
Debt, net of cash and cash equivalents. EBITDA adjusted for gain/loss on sale of real estate and other non-cash items, primarily impairments.


Credit Ratings		S&P			Moody’s
Senior Debt			BBB			Baa2
Preferred Shares			BB+			Baa3
Outlook			Stable			Stable

Page 8

Investment Activity

Weingarten Realty Investors

New Development Properties

As of June 30, 2011

(in thousands at pro rata share, except percentages)


Center Name	Location	Anchors	WRI Own %			Total Square Feet of Building Area (1)				Percent Leased						Pro Rata Spent Year-To- Date		Pro Rata Spent Inception to Date (2)		Total Estimated Investment (3)
Center Name	Location	Anchors	WRI Own %			Gross		Net		Net @ 100%			Gross			Pro Rata Spent Year-To- Date		Pro Rata Spent Inception to Date (2)		WRI Costs			Gross Costs			Est. Final ROI %			Completions ($) Year To Date
UNDER DEVELOPMENT

1 Dacula Market	Dacula, Georgia	Kroger#		100.0	%		117		24		10.8	%		81.6	%		1,480		1,480		4,235			4,235
2 Waterford (4)	Leland (Wilmington), North Carolina	Harris Teeter		100.0	%		95		90		93.0	%		93.4	%		82		13,575		14,311			14,311
3 Surf City Crossing	Surf City (Wilmington), North Carolina	Harris Teeter		100.0	%		75		63		85.2	%		77.4	%		1,357		7,879		7,723			7,723
4 Ridgeway Trace Center Phase 2	Memphis, Tennessee	Target #, Sports Authority, Best Buy		100.0	%		80		80		62.7	%		62.7	%		2,040		17,502		23,982			23,982
5 North Towne Plaza	Brownsville, Texas	Lowes#		100.0	%		153		36		32.2	%		84.1	%		2		4,631		6,321			6,321
6 Westwood Center	San Antonio, Texas	Wal-Mart #		100.0	%		305		70		47.0	%		83.1	%		510		16,794		15,936			15,936
7 Tomball Marketplace	Tomball, Texas	Academy#		100.0	%		147		62		32.1	%		71.5	%		6		13,503		15,159			15,159
8 Tomball Marketplace Phase 2	Tomball, Texas	Academy#, Ross		100.0	%		168		100		49.9	%		70.1	%		1,415		8,101		16,475			16,475

Total Wholly Owned							1,139		525		58.0	%		78.7	%	$	6,891	$	83,464	$	104,141		$	104,141			7.0	%	$	14,317

1 300 West*	Salt Lake City, Utah	Target #		31.8	%		210		23		56.9	%		85.1	%		321		4,377		5,753			18,090
2 Gardens on Havana* (4)	Aurora (Denver), Colorado	Kohl’s, Target, Dick’s Sporting Goods, Sprouts		39.8	%		427		170		89.9	%		89.9	%		52		23,044		16,243			40,812
3 Riverpoint at Sheridan	Sheridan (Denver), Colorado	Costco #, Target #, Regal		50.0	%		502		86		59.9	%		86.3	%		50		37,711		22,030			44,059
4 Clermont Landing Phase 2*	Clermont, Florida	JC Penney #, Epic Theater #, TJ Maxx, Ross		55.0	%		63		19		33.2	%		62.6	%		—		3,249		3,299			5,998

Total Joint Venture							1,203		299		76.4	%		86.1	%	$	423	$	68,382	$	47,325		$	108,960			6.8	%	$	953


Total 11 Properties Under Development (exclusive of phasing)							2,342		824		68.5	%		82.5	%	$	7,314	$	151,846	$	151,466		$	213,101			7.0	%	$	15,271


							Spent Inception to Date (from above)													$	151,846		$	201,463
							Additional Capital Needed to Complete														31,387			71,518
							Reimbursement of Future Property Sales & Bond Proceeds														(31,767	)		(59,879	)

							Total Estimated Investment													$	151,466		$	213,101


	YTD Completed			3Q’11E			4Q’11E			1Q’12E			2Q’12E			3Q’12E			4Q’12E			Remaining Balance

Completion ($)	$	15,271		$	800 -$2,800		$	9,400 -$12,400		$	3,600 - $8,600		$	400 - $5,400		$	4,300 - $9,300		$	6,800 - $11,800		$	31,800 - $41,800
Weighted Return (%)		7.3	%		6.6% - 7.1	%		6.4% - 6.9	%		6.7% - 7.2	%		6.9% - 7.4	%		7.0% - 7.5	%		6.7% - 7.2	%		6.9% - 7.4	%
Net Operating Income	$	1,115		$	53 - $199		$	602 - $856		$	241 - $619		$	28 - $400		$	301 - $698		$	456 - $850		$	2,194 - $3,093

*	Unconsolidated Joint Venture

#	Denotes anchors that are not owned by Weingarten.

(1)	Total Building Area (Gross) square footage reflects 100% ownership including square feet owned by other. WRI’s share of building area (Net) square footage reflects WRI’s ownership percentage excluding square feet owned by other and excluding other possible future building area.

(2)	Net of non-cash impairment charges.

(3)	Net of anticipated proceeds from land sales and tax incentive financing.

(4)	Subsequent to quarter close, these projects were stabilized and moved into existing operations. They will be removed from the new development population in future disclosures.

Note: Phased properties are counted as one property.

Page 10

Weingarten Realty Investors

Land Held for Development

As of June 30, 2011

(in thousands, except acres and percentages)


	Ownership			Gross		Investment (1)
Location	Interest			Acres		100%		Pro Rata
New Development Phased Projects
US Hwy 1 and Caveness Farms Road, Wake Forest - Raleigh		100.0	%		70.6
Highway 17 and Highway 210, Surf City		100.0	%		46.5
FM 2920 and Future 249, Tomball - Houston		100.0	%		10.6
Decatur at 215 - Las Vegas		100.0	%		16.2
Hwy 85 & Hwy 285, Sheridan, CO		50.0	%		23.0
US 77 & FM 802, Brownsville, TX		100.0	%		21.9
Mississippi at Havana, Aurora - Denver		39.8	%		15.4
US Hwy 17 & US Hwy 74/76, Leland		100.0	%		12.6
Bear Valley Road at Jess Ranch Parkway, Apple Valley III		50.0	%		10.9
Culebra Road and Westwood Loop, San Antonio		100.0	%		9.3
South 300 West & West Paxton Avenue, Salt Lake City, UT		31.8	%		5.4
State Hwy 95 & Bullhead Pkwy, Bullhead City, AZ		100.0	%		7.2
Belle Terre Pkwy & State Rd 100, Palm Coast, FL		100.0	%		6.7
SR 207 & Rolling Hills Drive, St. Augustine, FL		70.0	%		5.2
29th St at Nolana Loop, McAllen, TX		50.0	%		3.8
Bear Valley Road at Jess Ranch Parkway, Apple Valley II		50.0	%		3.2
Southern Ave & Signal Butte Rd, Mesa, AZ		100.0	%		2.1
SEC Poplar Ave at I-240, Memphis, TN		100.0	%		1.2

Total New Development Phased Projects					271.7	$	75,320	$	60,859

Other Raw Land
FM 1957 (Potranco Rd) and FM 211, San Antonio		50.0	%		198.7
South Fulton Parkway and SH 92, Union City - Atlanta		100.0	%		81.6
Shary Road and US Hwy 83, Mission		50.0	%		36.9
SH 281 & Wilderness Oaks, San Antonio, TX		100.0	%		29.2
US Hwy 15-501 & Bruce Wood Rd., Southern Pines, NC		100.0	%		24.0
Creedmoor (Highway 50) and Crabtree Valley Avenue, Raleigh		100.0	%		11.7
Lon Adams Rd at Tangerine Farms Rd - Tuscan		50.0	%		9.7
Rock Prairie Rd. at Hwy. 6, College Station		100.0	%		9.0
SH 151 & Ingram Rd, San Antonio, TX		66.7	%		8.5
Young Pines and Curry Ford Rd, Orange County, Florida - Orlando		100.0	%		3.0
Leslie Rd. at Bandera Rd., Helotes		100.0	%		1.7
Other (2)		100.0	%		39.5

Total Raw Land					453.6	$	101,928	$	76,638

Total Land Held For Development Properties					725.3	$	177,248	$	137,497

(1)	Net of impairment adjustments and valuation adjustments due to consolidation of joint ventures.

(2)	Primarily represents land parcels held by WRI for many years that have never been reported as new development assets.

Note: Land costs account for $142.6 million of total investment at 100%, $109.9 million at pro rata share.

Page 11

Weingarten Realty Investors

Disposition and Acquisition Summary

For the Period Ended June 30, 2011

(in thousands at pro rata share)

Center

City/State

Sq. Ft. of
Bldg.
Area
at 100%

Date
Sold

Sales
Proceeds

Weighted
Sales
Cap

Dispositions

1st Quarter

Paradise Market Place - Pad

Las Vegas, NV

—

1/25/11

3500 Atlanta Industrial Parkway (vacant)

Atlanta GA

3/31/11

Siempre Viva Building 2 * (vacant)

San Diego, CA

3/31/11

Harrison Pointe Shopping Center - Pad

Cary, NC

—

3/31/11

2nd Quarter

Tomball Marketplace - Kohl’s Pad

Tomball, TX

—

4/06/11

Decatur 215 - Winco Pad

Las Vegas, NV

—

4/13/11

Pavilions at San Mateo

Albuquerque, NM

4/20/11

Tomball Marketplace - Community Bank Pad

Tomball, TX

—

4/20/11

Shawnee Village

Shawnee, KS

132

6/14/11

Rockwall Market Center

Rockwall, TX

209

6/30/11

Total Dispositions

45,567

8.40

Date
Acquired

Purchase
Price

Yield

Acquisitions

1st Quarter

Promenade 23 (Redevelopment)

Seattle, WA

3/25/11

2nd Quarter

Atlantic West *

Jacksonville, FL

4/01/11

Atlantic North *

Jacksonville, FL

4/01/11

Kernan Village *

Jacksonville, FL

4/01/11

Palm Coast Landing Partnership Interest

Palm Coast, FL

167

4/13/11

Cherry Creek Retail Center

Glendale, CO

6/16/11

Total Acquisitions

68,482

6.90

*	Unconsolidated real estate joint venture activity

Page 12

Weingarten Realty Investors

Property Investment Summary

(in thousands at pro rata share)


	Acquisitions		New Development		Major Repairs		Tenant Finish		Remodels/ Existing Development ⁽¹⁾			Outside Broker Fees		All Other		Total
Quarter Ended 3/31/2011	$	18,520	$	1,688	$	1,383	$	9,263	$	2,401		$	1,486	$	106	$	34,847
Quarter Ended 6/30/2011		50,380		5,626		2,266		10,825		4,395			1,678		142		75,312

Six Months Ended 6/30/2011 ⁽³⁾	$	68,900	$	7,314	$	3,649	$	20,088	$	6,796		$	3,164	$	248	$	110,159

Year Ended 12/31/2010		193,131		16,710		13,786		29,556		14,608			6,851		1,337		275,979
Year Ended 12/31/2009		—		71,167		10,469		21,672		23,455			3,878		10,507		141,148
Year Ended 12/31/2008		2,685		193,235		20,570		35,290		37,781	⁽²⁾		5,343		8,231		303,135

(1)	Primarily incremental investment on properties formerly classified as new development.

(2)	Includes approximately $12 million for costs incurred in 2008 for new development properties moved to land held for development.

(3)	Internal Leasing Fees are approximately $8.1 million for the six months ended June 30, 2011.

Page 13

Summary of Debt

Weingarten Realty Investors

Debt Information

(in thousands, except percentages)


	June 30, 2011			2nd Quarter Weighted Average Rate (1)			December 31, 2010			4th Quarter Weighted Average Rate (1)
Outstanding Balance Summary
Mortgage Debt	$	1,051,201			6.28	%	$	1,123,490			6.36	%
7% 2011 Bonds		117,670			7.00	%		117,670			7.00	%
3.95% Convertible Bonds (2)		131,076			3.95	%		129,933			3.95	%
8.1% 2019 Notes		100,000			8.10	%		100,000			8.10	%
Unsecured Notes Payable		916,967			5.51	%		918,439			5.51	%
Revolving Credit Agreements (3)		177,850			1.65	%		80,000			1.75	%
Industrial Revenue Bonds		1,754			2.40	%		1,916			1.38	%
Obligations under Capital Leases		45,383			7.54	%		21,000			7.44	%

Subtotal Consolidated Debt		2,541,901			5.61	%		2,492,448			5.72	%
Debt Service Guarantee Liability (4)		74,075						97,000

Total Consolidated Debt - As Reported		2,615,976			5.61	%		2,589,448			5.72	%
Less: Noncontrolling Interest		(258,412	)					(260,971	)
Plus: WRI Share of Unconsolidated Joint Ventures		197,317						192,801

Total Debt - Pro rata Share	$	2,554,881			5.60	%	$	2,521,278			5.75	%




	Debt Balance			2nd Quarter Weighted Average Rate (1)			% of Total			Weighted Average Remaining Life (yrs)
Fixed vs. Variable Rate Debt (at Pro rata Share)
(includes the effect of interest rate swaps)
As of June 30, 2011
Fixed-rate debt	$	2,232,948			5.97	%		87.4	%		4.99
Variable-rate debt		321,933			2.56	%		12.6	%		2.83

Total	$	2,554,881			5.60	%		100.0	%		4.72


As of December 31, 2010
Fixed-rate debt	$	2,267,614			6.05	%		89.9	%
Variable-rate debt		253,664			3.64	%		10.1	%

Total	$	2,521,278			5.75	%		100.0	%




Secured vs. Unsecured Debt (at Pro rata Share)
As of June 30, 2011
Secured Debt	$	1,066,680			6.30	%		41.8	%		5.12
Unsecured Debt		1,488,201			5.06	%		58.2	%		4.43

Total	$	2,554,881			5.60	%		100.0	%		4.72


As of December 31, 2010
Secured Debt	$	1,119,630			6.43	%		44.4	%
Unsecured Debt		1,401,648			5.19	%		55.6	%

Total	$	2,521,278			5.75	%		100.0	%




	As Reported			Pro rata Share
Weighted Average Interest Rates (1)
Three months ended 06/30/11		5.61	%		5.60	%
Three months ended 12/31/10		5.72	%		5.75	%
Twelve months ended 12/31/10		5.73	%		5.75	%

(1)	Weighted average interest rates exclude the effects of ASC 805 “Business Combinations”, discounts on convertible bond repurchases, revolver facility fee, and other loan costs related to financing.

(2)	The convertible bonds, with a face value of $131.3 million, mature August 1, 2026 with a five year option to redeem anytime after August 2011 and an initial conversion price of $49.075 per share.

(3)

Weighted average revolving interest rate excludes the effect of the facility fee of 50 basis points on the total commitment paid quarterly in arrears. The weighted average revolving interest rate with the facility fee is 3.85% and 8.49% for the second quarter 2011 and the fourth quarter 2010, respectively.

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

Page 15

Weingarten Realty Investors

Schedule of Maturities

As of June 30, 2011

(in thousands, except percentages)



	As Reported					Pro rata Share
	Maturities		Weighted Average Rate (4)			Maturities		Weighted Average Rate (4)			Floating Rate		Fixed Rate			Secured		Unsecured
2011(1)(2)	$	161,171		6.89	%	$	168,357		6.86	%	$	1,916	$	166,441		$	40,722	$	127,635
2012		307,228		5.73	%		316,049		5.73	%		4,486		311,563			132,789		183,260
2013		315,094		5.83	%		279,608		5.73	%		237		279,371			106,017		173,591
2014		473,863		5.65	%		428,760		5.53	%		237		428,523			113,760		315,000
2015		245,603		6.28	%		209,446		6.05	%		237		209,209			119,446		90,000
2016		231,311		6.47	%		245,405		6.25	%		6,749		238,656			170,405		75,000
2017		142,119		6.85	%		164,112		6.44	%				164,112			139,112		25,000
2018		64,411		7.18	%		25,244		6.40	%				25,244			15,674		9,570
2019		153,747		7.94	%		157,102		7.35	%				157,102			57,102		100,000
2020		3,658		7.60	%		63,923		7.70	%				63,923			63,923		0
Thereafter (2)		198,291		4.86	%		200,910		4.94	%				200,910			37,923		162,987

Subtotal		2,296,496					2,258,916					13,862		2,245,054			996,873		1,262,043

Revolving Credit Agreements		177,850		1.75	%(5)		177,850		1.75	%(5)		177,850							177,850
Other (3)		141,630					118,115					10,340		107,775			69,807		48,308
Swap Maturities:
2014												50,000		(50,000	)
2017												69,881		(69,881	)

Total	$	2,615,976		5.64	%	$	2,554,881		5.63	%	$	321,933	$	2,232,948		$	1,066,680	$	1,488,201

(1)	Includes $1.8 million of amortizing industrial revenue bonds with a final maturity date of 2015 that are currently callable by the lender.

(2)	Thereafter includes $131.3 million of convertible bonds maturing in 2026 which has a 5 year call and put option in 2011.

(3)	Other includes capital leases, ASC 805 “Business Combinations” adjustment, debt service guarantee liability, market value of swaps and discounts on notes. The debt service guarantee liability represents bonds issued in association with a guarantee in connection with a project in Denver, Colorado.

(4)	Weighted average interest rates exclude the effects of ASC 805 “Business Combinations”, discounts on convertible bond repurchases, revolver facility fee, and other loan costs related to financing.

(5)	Weighted average revolving interest rate excludes the effect of the facility fee of 50 basis points on the total commitment paid quarterly in arrears.

Page 16

Joint Ventures

Weingarten Realty Investors

Financial Statements of Unconsolidated Real Estate Joint Ventures and Partnerships at 100%

(in thousands)


	Three Months Ended June 30,				Six Months Ended June 30,
Condensed Statements of Income	2011		2010		2011			2010

Revenues:
Base minimum rent, net	$	38,540	$	35,194		$76,850			$69,949
Straight line rent		1,053		748		1,796			1,411
Over/Under-market rentals, net		809		729		1,244			1,614
Percentage rent		205		46		333			403
Tenant reimbursements		9,655		9,209		19,099			18,878
Other income		604		1,154		2,870			2,352

Total		50,866		47,080		102,192			94,607


Expenses:
Depreciation and amortization		16,913		15,298		34,544			30,643
Interest, net		9,573		8,742		18,837			18,141
Operating		8,936		7,915		17,830			16,145
Real estate taxes, net		6,128		6,450		12,606			12,479
General and administrative		877		1,001		1,969			1,897
Provision for income taxes		116		85		201			145
Impairment loss				231		2,058			231

Total		42,543		39,722		88,045			79,681

Loss on sale of property						(21	)		(3	)

Net income	$	8,323	$	7,358		$14,126			$14,923




Condensed Balance Sheets

					June 30, 2011			December 31, 2010
ASSETS

Property					$	2,129,542		$	2,142,524
Accumulated depreciation						(271,200	)		(247,996	)

Property, net						1,858,342			1,894,528

Other assets, net						172,392			168,091

Total					$	2,030,734		$	2,062,619


LIABILITIES AND SHAREHOLDERS’ EQUITY

Debt, net					$	559,892		$	552,552
Amounts payable to Weingarten Realty Investors						178,875			202,092
Other liabilities, net						48,431			45,331

Total						787,198			799,975


Accumulated equity						1,243,536			1,262,644

Total					$	2,030,734		$	2,062,619

Page 18

Weingarten Realty Investors

Financial Statements of Unconsolidated Real Estate Joint Ventures and Partnerships at Pro rata Share

(in thousands)


	Three Months Ended June 30,				Six Months Ended June 30,
Condensed Statements of Income	2011		2010		2011			2010

Revenues:
Base minimum rent, net	$	12,794	$	10,643		$25,436			$21,220
Straight line rent		536		334		796			690
Over/Under-market rentals, net		90		148		135			330
Percentage rent		49				78			140
Tenant reimbursements		3,229		2,878		6,333			5,845
Other income		219		482		1,327			1,029

Total		16,917		14,485		34,105			29,254


Expenses:
Depreciation and amortization		5,629		4,922		11,593			9,945
Interest, net		3,527		2,825		6,833			6,093
Operating		2,852		2,416		5,735			5,005
Real estate taxes, net		2,030		1,994		4,142			3,813
General and administrative		357		439		853			844
Provision for income taxes		60		39		93			61
Impairment loss				116		411			116

Total		14,455		12,751		29,660			25,877

Gain (loss) on sale of property				1		(10	)		(1	)

Net income	$	2,462	$	1,735		$ 4,435			$ 3,376



Condensed Balance Sheets

					June 30, 2011			December 31, 2010
ASSETS

Property					$	644,297			$649,890
Accumulated depreciation						(91,672	)		(84,609	)

Property, net						552,625			565,281
Notes receivable from real estate joint ventures and partnerships						5,481			5,561
Unamortized debt and lease costs, net						26,248			24,179
Accrued rent and accounts receivable (net of allowance for doubtful accounts of $737 in 2011 and $566 in 2010)						15,633			17,145
Cash and cash equivalents						11,785			9,314
Restricted deposits and mortgage escrows						2,585			3,861
Notes receivable and mortgage bonds, net						426			400
Out-of-market rentals, net						3,030			2,827
Other assets, net						2,394			2,277

Total					$	620,207			$630,845


LIABILITIES AND SHAREHOLDERS’ EQUITY

Debt, net					$	198,613			$193,989
Amounts payable to Weingarten Realty Investors						80,018			91,581
Accounts payable and accrued expenses						6,482			5,720
Deferred revenue						1,524			1,457
Out-of-market rentals, net						4,305			4,750
Interest rate derivative						580			502
Other liabilities, net						1,588			1,374

Total						293,110			299,373


Accumulated equity						327,097			331,472

Total					$	620,207			$630,845

Notes:

The Consolidated Financial Statements at pro rata share include only the real estate operations of joint ventures and partnerships at WRI’s ownership percentages. Pro rata financial information is not, and is not intended to be, a presentation in accordance with generally accepted accounting principles.

Page 19

Weingarten Realty Investors

Investments in Unconsolidated Real Estate Joint Ventures & Partnerships

June 30, 2011

(in thousands, except number of properties and percentages)



									Weingarten Realty

Joint Venture Partner	Number of Operating Properties (1)		Total GLA		Total Assets		Total Debt		Ownership Interest			Share of Debt		Investment Balance		Equity in Earnings of Unconsolidated JVs

TIAA Florida Retail LLC		7		1,259	$	319,793				20.0	%			$	62,652	$	793
AEW SRP, LLC		9		899		161,496	$	104,038		25.0	%	$	26,010		11,806		(7	)
Collins		8		1,165		153,587		28,266		50.0	%		14,133		55,481		1,214
AEW - Institutional Client		6		523		132,209		66,574		20.0	%		13,315		12,598		211
BIT Retail		3		715		152,515				20.0	%				29,915		523
BIT Investment Thirty-Six, LP		12		3,995		210,602		17,954		20.0	%		3,591		32,568		100
Eagle AN, LP		9		2,560		70,735		40,363		22.5	%		9,070		4,808		331
Jamestown		6		1,347		149,105		92,007		20.0	%		18,401		11,166		368
Fidelis Realty Partners		1		491		144,471		88,984		57.8	%		51,388		30,827		936
Sleiman Enterprises		3		220		30,098		12,567		50.0	%		6,283		11,898		58
Other		23		3,785		506,122		109,139		51.7	%		56,422		81,686		2,448

Total		87		16,959	$	2,030,734	$	559,892		29.3	%	$	198,613	$	345,404	$	6,976

Joint Venture Description

RETAIL


TIAA Florida Retail LLC		Joint venture with an institutional partner, TIAA-CREF Global Real Estate
AEW SPR, LLC		Retail joint venture with an institutional partner through AEW Capital Management
Collins		Primarily a development joint venture in the Texas Rio Grande valley
AEW - Institutional Client		Joint venture with an institutional partner through AEW Capital Management
BIT Retail		Retail joint venture with Mercantile Real Estate Advisors and its client, the AFL-CIO Building Investment Trust
Jamestown		Retail joint venture in Florida
Fidelis Partners Realty		Retail joint venture in Texas
Sleiman Enterprises		Retail joint venture in Florida

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)	Excludes land held for development.

Page 20

Weingarten Realty Investors

Mortgage Debt Information for Unconsolidated Joint Ventures & Partnerships

As of June 30, 2011

Balance Summary


Joint Venture Partner	# of Mortgaged Properties		Mortgage Balance (in thousands) (1)		Average Interest Rate (2)			Average Remaining Term (yrs)
AEW SRP, LLC		7	$	104,038		5.7	%		4.6
Collins		2		28,266		6.2	%		10.2
AEW - Institutional Client		6		66,574		5.7	%		2.7
BIT Investment Thirty-Six, LP		2		17,954		6.6	%		1.5
Eagle AN, LP		2		40,363		5.5	%		5.8
Jamestown		6		92,007		5.7	%		4.2
Fidelis Realty Partners		1		88,984		4.3	%		9.3
Sleiman Enterprises		2		12,567		5.5	%		4.1
Other		6		107,019		5.8	%		3.9

Total		34	$	557,772		5.5	%		4.4

Schedule of Maturities


	At 100%					At WRI Share
	Maturities (in thousands) (1)		Weighted Average Rate (2)			Maturities (in thousands) (1)		Weighted Average Rate (2)
2011	$	18,742		5.5	%	$	8,528		5.4	%
2012		48,693		5.4	%		12,360		5.3	%
2013		54,548		5.4	%		19,110		5.3	%
2014		115,509		5.3	%		26,828		5.3	%
2015		40,606		5.3	%		10,043		5.3	%
2016		79,878		5.2	%		21,844		5.2	%
2017		56,850		5.1	%		25,820		5.0	%
2018		6,308		5.1	%		3,185		5.0	%
2019		6,646		5.1	%		3,355		5.0	%
2020		118,033		6.3	%		60,265		6.3	%
Thereafter		11,959		6.4	%		5,979		6.4	%

Total	$	557,772				$	197,317

(1)	Excludes non-cash debt related items.

(2)	Average and weighted average interest rates exclude the effects of ASC 805 “ Business Combinations” and loan costs related to financing.

Note: All mortgages are fixed rate except for one included in “other”, which has a variable rate mortgage ($3.3 million at 100%) and matures in 2012.

Page 21

Portfolio Summary

Weingarten Realty Investors

Tenant Diversification by Percent of Rental Revenues

(in thousands at pro rata share, except percentages and # of units)

As of 6/30/2011


Rank	Tenant Name	DBAs	# of Units		Rental Revenue			Square Feet
Rank	Tenant Name	DBAs	# of Units		Rental Revenue			Square Feet

1	The Kroger Co.	Kroger, Smith Food, Ralphs, Fry’s Food, King Soopers		27		2.33	%		1,306

2	T.J.X. Companies, Inc.	T.J. Maxx, Marshalls, Home Goods		38		2.03	%		873

3	Ross Stores, Inc.	Ross Dress for Less		37		1.83	%		775

4	Safeway, Inc.	Safeway, Randalls, Von’s		18		1.32	%		754

5	Petsmart, Inc.			21		1.28	%		400

6	Office Depot, Inc.			24		0.97	%		435

7	H E Butt Grocery			7		0.96	%		367

8	Home Depot, Inc.			5		0.92	%		535

9	Harris Teeter			9		0.90	%		403

10	Gap, Inc.	Gap, Old Navy, Banana Republic		18		0.89	%		263

11	Best Buy, Inc.			12		0.88	%		285

12	The Sports Authority			9		0.88	%		326

13	Dollar Tree Stores, Inc.	Dollar Tree, Greenbacks		43		0.86	%		375

14	24 Hour Fitness Inc.			7		0.78	%		179

15	Publix Super Markets, Inc.			22		0.78	%		486

16	Petco Animal Supplies, Inc.			22		0.76	%		238

17	Bed Bath & Beyond, Inc.			18		0.73	%		362

18	Whole Foods			6		0.70	%		224

19	Toys ‘R’ Us	Toys R Us, Babies R Us		9		0.68	%		321

20	Raley’s	Raley’s Bel Air Markets		6		0.63	%		331

21	Thrifty Payless, Inc.	Rite Aid		17		0.62	%		244

22	Barnes & Noble Inc.	Barnes & Noble, Bookstop Booksellers		9		0.62	%		204

23	Office Max Inc.			11		0.62	%		238

24	Staples			12		0.61	%		241

25	Delhaize Group	Food Lion, Sweet Bay		9		0.56	%		355

	Total			416		24.14	%		10,521

Page 23

Weingarten Realty Investors

Portfolio Operating Information

(in thousands at pro rata share, except percentages and # of units and leases)


Lease Expirations
As of June 30, 2011	Shopping Center						Industrial						Total
	Percentage of						Percentage of						Percentage of
Year Expiring	Sq. Ft.			Revenue			Sq. Ft.			Revenue			Sq. Ft.			Revenue
2011		3.22	%		3.88	%		6.48	%		7.50	%		4.04	%		4.27	%
2012		12.16	%		13.52	%		16.97	%		18.29	%		13.38	%		14.04	%
2013		14.35	%		15.03	%		22.65	%		22.78	%		16.45	%		15.88	%
2014		13.68	%		13.24	%		16.37	%		15.08	%		14.37	%		13.45	%
2015		13.23	%		12.74	%		13.85	%		12.44	%		13.40	%		12.72	%
2016-2020		30.30	%		30.10	%		22.70	%		23.01	%		28.44	%		29.37	%
2021-2030		12.11	%		10.45	%		0.98	%		0.90	%		9.33	%		9.42	%


Leasing Activity
Signed Leases
	Number of Leases			Square Feet			New Rent $PSF			Prior Rent $PSF			TI’s $PSF			Cash Decrease in Base Rent
Three Months Ended June 30, 2011
Retail New Leases		110			252		$	16.33		$	17.84			$9.75			-8.4	%
Retail Renewals		250			664			14.85			14.46			0.96			2.7	%
Industrial		40			348			4.67			4.63			0.68			0.7	%
Not Comparable Spaces		81			363

Total		481			1,627		$	12.34		$	12.43			$2.63			-0.7	%

Six Months Ended June 30, 2011
Retail New Leases		202			468		$	16.23		$	17.89			$12.03			-9.3	%
Retail Renewals		480			1,833			13.79			13.50			0.39			2.1	%
Industrial		86			838			5.45			5.41			1.32			0.4	%
Not Comparable Spaces		150			662

Total		918			3,801		$	11.93		$	12.00			$2.38			-0.6	%


Occupancy	Quarter Ended
	June 30, 2011			March 31, 2011			December 31, 2010			September 30, 2010			June 30, 2010
Signed Basis
Retail
Mid-Atlantic Region		89.9	%		89.7	%		93.9	%		94.4	%		94.9	%
Southeastern Region		92.0	%		92.1	%		92.2	%		91.8	%		91.9	%
Western Region		94.5	%		94.5	%		94.5	%		92.1	%		91.3	%
Mountain Region		93.0	%		94.1	%		94.3	%		94.2	%		93.9	%
Central Region		92.6	%		91.7	%		91.8	%		91.5	%		91.4	%

Total Retail		92.4	%		92.3	%		93.0	%		92.6	%		92.6	%
Industrial		88.0	%		87.0	%		88.8	%		86.9	%		86.0	%

Total		91.2	%		90.9	%		91.9	%		91.1	%		90.8	%

Commenced Basis
Retail
Mid-Atlantic Region		88.1	%		87.1	%		90.4	%		90.0	%		90.0	%
Southeastern Region		89.6	%		88.5	%		89.2	%		89.3	%		88.5	%
Western Region		90.6	%		90.5	%		88.9	%		89.9	%		88.4	%
Mountain Region		91.1	%		92.6	%		92.7	%		92.5	%		91.9	%
Central Region		89.0	%		88.8	%		88.4	%		88.3	%		89.0	%

Total Retail		89.6	%		89.5	%		89.8	%		89.8	%		89.6	%
Industrial		86.1	%		85.8	%		87.4	%		85.4	%		85.6	%

Total		88.7	%		88.5	%		89.2	%		88.6	%		88.5	%

Same Property Net Operating Income Growth (1)

Cash Basis


	Three Months Ended June 30,						Six Months Ended June 30,
	2011			2010			2011			2010
Retail
Central Region		0.4	%		0.0	%		-0.4	%		-1.1	%
Mountain Region		0.3	%		1.0	%		2.0	%		-1.8	%
Western Region		4.0	%		0.4	%		1.9	%		-1.6	%
Mid-Atlantic Region		-1.8	%		4.7	%		-1.4	%		2.7	%
Southeast Region		-2.2	%		0.5	%		-1.1	%		-0.9	%

Total Retail		0.2	%		1.1	%		0.2	%		-0.7	%
Industrial		-5.0	%		2.1	%		-2.5	%		-1.0	%

Total		-0.4	%		1.2	%		-0.1	%		-0.7	%

(1)	Same Property NOI Growth includes the company’s share of unconsolidated real estate joint ventures and partnerships and provisions for uncollectible amounts and related recoveries. It excludes the effect of lease cancellation income and straight-line rent adjustments.

Page 24

Weingarten Realty Investors

Total Net Operating Income by Geographic Region (1)

(in thousands at pro rata share, except percentages)


	Six Months Ended June 30,										Twelve Months Ended December 31,
	2011		%			2010		%			2010		%			2009		%			2008		%			2007		%
*Western Region*
California	$	26,466		13.2	%	$	25,070		13.0	%	$	50,943		13.1	%	$	50,136		12.7	%	$	51,176		12.1	%	$	50,503		11.3	%
Washington		862		0.4	%		582		0.3	%		1,171		0.3	%		1,124		0.3	%		1,193		0.3	%		1,295		0.3	%
Oregon		685		0.3	%		673		0.3	%		1,345		0.3	%		1,342		0.3	%		1,385		0.3	%		929		0.2	%

Total Western Region		28,013		13.9	%		26,325		13.6	%		53,459		13.7	%		52,602		13.3	%		53,754		12.7	%		52,727		11.8	%

*Mountain Region*
Nevada	$	15,488		7.7	%	$	15,400		8.0	%	$	30,906		8.0	%	$	31,505		8.0	%	$	34,360		8.1	%	$	31,338		7.0	%
Arizona		12,963		6.5	%		11,863		6.2	%		24,287		6.2	%		26,845		6.8	%		26,181		6.2	%		23,192		5.2	%
Colorado		5,662		2.8	%		4,936		2.6	%		10,099		2.6	%		9,136		2.3	%		10,779		2.5	%		12,162		2.7	%
New Mexico		2,732		1.4	%		2,437		1.3	%		5,250		1.4	%		8,714		2.2	%		11,355		2.7	%		10,472		2.3	%
Utah		1,752		0.9	%		1,766		0.9	%		3,548		0.9	%		3,557		0.9	%		3,614		0.9	%		3,545		0.8	%

Total Mountain Region		38,597		19.3	%		36,402		19.0	%		74,090		19.1	%		79,757		20.2	%		86,289		20.4	%		80,709		18.0	%

*Central Region*
Texas	$	62,954		31.4	%	$	59,895		31.3	%	$	121,035		31.1	%	$	113,454		28.7	%	$	124,407		29.2	%	$	154,800		34.7	%
Louisiana		3,916		2.0	%		3,819		2.0	%		7,715		2.0	%		8,363		2.1	%		10,907		2.6	%		12,831		2.9	%
Arkansas		1,538		0.8	%		1,460		0.8	%		2,065		0.5	%		2,960		0.7	%		3,129		0.7	%		2,378		0.5	%
Illinois		1,175		0.6	%		1,266		0.7	%		3,019		0.8	%		1,875		0.5	%		1,949		0.5	%		1,980		0.4	%
Kansas		629		0.3	%		1,012		0.5	%		2,732		0.7	%		3,048		0.8	%		3,006		0.7	%		3,028		0.7	%
Missouri		581		0.3	%		595		0.3	%		1,214		0.3	%		1,405		0.4	%		1,182		0.3	%		1,440		0.3	%
Oklahoma		536		0.3	%		468		0.2	%		1,034		0.3	%		975		0.2	%		955		0.2	%		1,009		0.2	%

Total Central Region		71,330		35.7	%		68,516		35.8	%		138,814		35.7	%		132,080		33.4	%		145,535		34.2	%		177,466		39.7	%

*Eastern Region*
North Carolina	$	12,947		6.5	%	$	12,290		6.4	%		24,869		6.4	%		25,476		6.5	%		26,978		6.3	%		27,027		6.1	%
Georgia		10,189		5.1	%		10,829		5.6	%		21,798		5.6	%		22,643		5.7	%		25,039		5.9	%		23,929		5.4	%
Tennessee		3,686		1.8	%		2,632		1.4	%		6,261		1.6	%		5,009		1.3	%		7,015		1.6	%		6,964		1.6	%
Kentucky		3,387		1.7	%		3,458		1.8	%		7,019		1.8	%		6,766		1.7	%		6,629		1.6	%		6,787		1.5	%
Virginia		1,763		0.9	%		1,803		0.9	%		3,634		0.9	%		3,626		0.9	%		2,551		0.6	%		2,036		0.5	%
South Carolina		129		0.1	%		150		0.1	%		285		0.1	%		306		0.1	%		277		0.1	%		287		0.1	%
Maine		80		0.0	%		200		0.1	%		321		0.1	%		355		0.1	%		278		0.1	%		381		0.1	%

Total Eastern Region		32,180		16.1	%		31,362		16.3	%		64,186		16.5	%		64,181		16.3	%		68,767		16.2	%		67,411		15.3	%

*Southeast Region*
Florida	$	30,010		15.0	%	$	29,423		15.3	%	$	58,135		15.0	%	$	66,170		16.8	%	$	70,335		16.4	%	$	67,400		15.2	%

Total Southeast Region		30,010		15.0	%		29,423		15.3	%		58,135		15.0	%		66,170		16.8	%		70,335		16.5	%		67,400		15.2	%

Total Net Operating Income	$	200,130		100.0	%	$	192,029		100.0	%	$	388,684		100.0	%	$	394,790		100.0	%	$	424,681		100.0	%	$	445,713		100.0	%

(1)

The Net Operating Income at pro rata share includes the real estate operations of joint ventures at WRI’s ownership percentages ranging from 7.8% to 75% except for the operations of downreit partnerships, which are included at 100%. Net Operating Income excludes the effect of lease cancellation income, straight-line rent adjustments and impairment charges. Pro rata financial information is not, and is not intended to be, a presentation in accordance with generally accepted accounting principles.

Page 25

Weingarten Realty Investors

Average Base Rents by CBSA

As of 6/30/2011

(in thousands at pro rata share, except per square foot amounts)


							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 Region
Los Angeles-Long Beach et al, CA		3		584	$	16.98		395	$	5,610	$	14.19		160	$	3,830	$	23.86
Madera, CA		1		85	$	12.92		52	$	522	$	10.02		28	$	511	$	18.35
Modesto, CA		1		79	$	14.89		47	$	476	$	10.01		31	$	697	$	22.28
Redding, CA		1		121	$	16.70		65	$	564	$	8.73		47	$	1,294	$	27.73
Riverside et al, CA		5		734	$	19.11		389	$	5,253	$	13.50		287	$	7,671	$	26.71
Sacramento—Arden et al, CA		5		625	$	11.38		342	$	1,870	$	5.47		227	$	4,606	$	20.29
San Diego-Carlsbad et al, CA		3		286	$	22.25		162	$	2,336	$	14.41		112	$	3,763	$	33.58
San Francisco-Oakland et al, CA		3		442	$	21.58		241	$	3,733	$	15.51		187	$	5,484	$	29.40
San Jose-Sunnyvale et al, CA		2		145	$	20.33		66	$	423	$	6.43		75	$	2,447	$	32.46
Santa Cruz-Watsonville, CA		1		150	$	10.70		93	$	565	$	6.06		45	$	916	$	20.28
Santa Rosa-Petaluma, CA		1		195	$	11.36		55	$	393	$	7.20		24	$	501	$	20.79
Vallejo-Fairfield, CA		3		364	$	16.82		151	$	1,086	$	7.21		161	$	4,155	$	25.81

California		29		3,811	$	17.05		2,058	$	22,830	$	11.09		1,385	$	35,873	$	25.91
Portland-Vancouver et al, OR-WA		3		120	$	13.60		66	$	575	$	8.75		39	$	850	$	21.76

Oregon		3		120	$	13.60		66	$	575	$	8.75		39	$	850	$	21.76
Seattle-Tacoma-Bellevue, WA		5		179	$	15.75		99	$	1,321	$	13.34		60	$	1,179	$	19.73

Washington		5		179	$	15.75		99	$	1,321	$	13.34		60	$	1,179	$	19.73

Total West Region		37		4,110	$	16.90		2,223	$	24,726	$	11.13		1,483	$	37,902	$	25.55

Mountain Region
Lake Havasu City-Kingman, AZ		1		182	$	14.51		112	$	1,425	$	12.67		24	$	549	$	23.28
Phoenix-Mesa-Scottsdale, AZ		17		1,389	$	13.99		757	$	6,311	$	8.34		545	$	11,892	$	21.84
Tucson, AZ		5		630	$	14.79		293	$	2,478	$	8.47		208	$	4,934	$	23.68

Arizona		23		2,202	$	14.23		1,162	$	10,214	$	8.79		776	$	17,376	$	22.38
Colorado Springs, CO		2		299	$	8.50		243	$	1,804	$	7.42		39	$	591	$	15.28
Denver-Aurora, CO		11		1,195	$	15.02		560	$	6,319	$	11.28		305	$	6,683	$	21.89

Colorado		13		1,494	$	13.42		803	$	8,123	$	10.11		344	$	7,275	$	21.14
Las Vegas-Paradise, NV		13		2,366	$	14.92		1,504	$	15,878	$	10.56		683	$	16,750	$	24.52

Nevada		13		2,366	$	14.92		1,504	$	15,878	$	10.56		683	$	16,750	$	24.52
Albuquerque, NM		4		430	$	14.98		199	$	1,993	$	10.04		156	$	3,324	$	21.25

New Mexico		4		430	$	14.98		199	$	1,993	$	10.04		156	$	3,324	$	21.25
Provo-Orem, UT		1		30	$	16.07		12	$	165	$	13.96		18	$	316	$	17.44
Salt Lake City, UT		3		288	$	12.33		188	$	1,913	$	10.19		76	$	1,334	$	17.62

Utah		4		319	$	12.71		200	$	2,078	$	10.42		94	$	1,650	$	17.58

Total Mountain Region		57		6,810	$	14.30		3,867	$	38,287	$	9.90		2,054	$	46,374	$	22.58

Central Region
Little Rock-N. Little Rock, AR		3		358	$	9.12		298	$	2,314	$	7.76		56	$	919	$	16.36

Arkansas		3		358	$	9.12		298	$	2,314	$	7.76		56	$	919	$	16.36
Chicago et al, IL-IN-WI		1		304	$	10.76		268	$	2,554	$	9.52		21	$	558	$	26.90

Illinois		1		304	$	10.76		268	$	2,554	$	9.52		21	$	558	$	26.90
Topeka, KS		1		116	$	8.57		116	$	991	$	8.57		0	$	0	$	0.00

Kansas		1		116	$	8.57		116	$	991	$	8.57		0	$	0	$	0.00
Hammond, LA		1		225	$	6.68		96	$	287	$	2.99		89	$	946	$	10.68
Lafayette, LA		1		138	$	9.63		75	$	530	$	7.08		62	$	789	$	12.71
Lake Charles, LA		4		447	$	7.33		309	$	1,746	$	5.66		89	$	1,171	$	13.08
Monroe, LA		1		141	$	5.61		89	$	341	$	3.82		44	$	407	$	9.23
New Orleans-Metairie-Kenner, LA		2		140	$	14.59		78	$	772	$	9.87		62	$	1,276	$	20.53

Page 26


							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
Shreveport-Bossier City, LA		1		5	$	23.57		0	$	0	$	0.00		5	$	120	$	23.57

Louisiana		10		1,097	$	8.40		647	$	3,676	$	5.68		351	$	4,708	$	13.40
St. Louis, MO-IL		2		229	$	8.95		130	$	1,068	$	8.21		46	$	505	$	11.04

Missouri		2		229	$	8.95		130	$	1,068	$	8.21		46	$	505	$	11.04
Oklahoma City, OK		2		164	$	7.66		104	$	570	$	5.51		50	$	603	$	12.17

Oklahoma		2		164	$	7.66		104	$	570	$	5.51		50	$	603	$	12.17
Amarillo, TX		2		68	$	9.23		11	$	48	$	4.22		29	$	324	$	11.19
Beaumont-Port Arthur, TX		6		281	$	8.35		158	$	799	$	5.06		91	$	1,282	$	14.02
Brownsville-Harlingen, TX		1		12	$	12.38		0	$	0	$	0.00		8	$	99	$	12.38
College Station-Bryan, TX		1		107	$	10.86		86	$	923	$	10.74		21	$	239	$	11.39
Corpus Christi, TX		1		372	$	13.49		245	$	2,312	$	9.43		115	$	2,556	$	22.13
Dallas-Fort Worth-Arlington, TX		9		1,062	$	13.60		457	$	5,114	$	11.20		375	$	6,186	$	16.51
Houston-Baytown-Sugar Land, TX		63		5,053	$	14.48		2,923	$	29,215	$	10.00		1,777	$	38,828	$	21.85
Killeen-Temple-Fort Hood, TX		1		115	$	12.54		98	$	1,084	$	11.04		17	$	360	$	21.17
Laredo, TX		2		374	$	13.89		219	$	2,408	$	10.98		98	$	1,997	$	20.44
Lubbock, TX		1		152	$	9.38		112	$	740	$	6.58		38	$	675	$	17.64
Lufkin, TX		1		248	$	6.40		205	$	1,080	$	5.27		18	$	346	$	19.32
McAllen-Edinburg-Pharr, TX		7		494	$	12.28		360	$	3,600	$	10.01		98	$	2,026	$	20.63
Rio Grande City, TX		1		88	$	11.28		76	$	804	$	10.63		10	$	158	$	16.34
San Antonio, TX		7		600	$	12.25		345	$	2,990	$	8.67		188	$	3,536	$	18.85
Tyler, TX		1		60	$	6.94		33	$	212	$	6.35		4	$	46	$	12.06

Texas		104		9,087	$	13.39		5,328	$	51,330	$	9.63		2,886	$	58,657	$	20.32

Total Central Region		123		11,354	$	12.47		6,891	$	62,503	$	9.07		3,410	$	65,950	$	19.34

Mid-Atlantic Region
Atlanta-Sandy Springs et al, GA		14		1,561	$	13.72		824	$	7,785	$	9.44		460	$	9,841	$	21.38
Gainesville, GA		1		28	$	13.36		21	$	239	$	11.31		5	$	107	$	22.41

Georgia		15		1,589	$	13.71		845	$	8,024	$	9.49		465	$	9,948	$	21.39
Lexington-Fayette, KY		2		299	$	13.69		218	$	2,023	$	9.27		177	$	3,394	$	19.14
Louisville, KY-IN		1		169	$	11.90		93	$	848	$	9.17		69	$	1,077	$	15.55

Kentucky		3		468	$	13.17		311	$	2,872	$	9.24		247	$	4,471	$	18.13
Lewiston-Auburn, ME		1		128	$	5.99		61	$	313	$	5.18		21	$	172	$	8.37

Maine		1		128	$	5.99		61	$	313	$	5.18		21	$	172	$	8.37
Charlotte-Gastonia et al, NC-SC		4		319	$	16.91		154	$	2,136	$	13.91		130	$	2,658	$	20.46
Durham, NC		6		287	$	11.59		157	$	1,390	$	8.86		84	$	1,408	$	16.67
Raleigh-Cary, NC		12		1,548	$	11.56		953	$	7,409	$	7.78		488	$	9,238	$	18.94
Southern Pines-Pinehurst, NC		1		252	$	8.97		131	$	683	$	5.20		74	$	1,156	$	15.69
Wilmington, NC		2		133	$	11.68		98	$	883	$	9.05		32	$	626	$	19.79

North Carolina		25		2,539	$	12.00		1,492	$	12,501	$	8.38		807	$	15,086	$	18.69
Hilton Head Island-Beaufort, SC		1		22	$	14.86		5	$	47	$	9.00		13	$	230	$	17.16

South Carolina		1		22	$	14.86		5	$	47	$	9.00		13	$	230	$	17.16
Memphis, TN-MS-AR		7		582	$	12.91		371	$	4,134	$	11.15		152	$	2,621	$	17.20

Tennessee		7		582	$	12.91		371	$	4,134	$	11.15		152	$	2,621	$	17.20

Total Mid-Atlantic Region		52		5,328	$	12.61		3,085	$	27,891	$	9.04		1,705	$	32,528	$	19.08

Southeast Region
Fort Walton Beach et al, FL		2		70	$	15.00		50	$	676	$	13.45		15	$	310	$	20.06
Jacksonville, FL		5		429	$	10.54		335	$	2,806	$	8.36		82	$	1,593	$	19.41
Miami-Fort Lauderdale et al, FL		17		1,107	$	15.87		576	$	6,082	$	10.56		405	$	9,485	$	23.45
Orlando, FL		14		1,782	$	15.23		1,083	$	13,265	$	12.25		456	$	10,177	$	22.33
Palm Bay-Melbourne et al, FL		3		182	$	8.73		102	$	590	$	5.79		54	$	768	$	14.32
Palm Coast, FL		1		167	$	18.09		106	$	1,477	$	13.90		61	$	1,541	$	25.47
Port St. Lucie-Fort Pierce, FL		1		50	$	10.60		43	$	384	$	8.99		6	$	132	$	22.21
Punta Gorda, FL		2		25	$	16.75		15	$	215	$	14.34		6	$	132	$	23.06
Sarasota-Bradenton-Venice, FL		1		97	$	10.68		46	$	324	$	7.13		28	$	463	$	16.41

Page 27


							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
Tampa-St. Petersburg et al, FL		5		1,095	$	13.10		635	$	6,444	$	10.15		303	$	5,836	$	19.29

Florida		51		5,004	$	14.23		2,992	$	32,264	$	10.79		1,414	$	30,438	$	21.52

Total Southeast Region		51		5,004	$	14.23		2,992	$	32,264	$	10.79		1,414	$	30,438	$	21.52

Total Retail		320		32,606	$	13.70		19,057	$	185,672	$	9.74		10,067	$	213,191	$	21.18

Industrial

West Region
San Diego-Carlsbad et al, CA		1		132	$	6.01		41	$	241	$	5.92		1	$	9	$	10.18

California		1		132	$	6.01		41	$	241	$	5.92		1	$	9	$	10.18

Total West Region		1		132	$	6.01		41	$	241	$	5.92		1	$	9	$	10.18

Central Region
Austin-Round Rock, TX		6		428	$	9.67		83	$	854	$	10.26		266	$	2,524	$	9.48
Dallas-Fort Worth-Arlington, TX		16		2,516	$	4.62		1,590	$	6,708	$	4.22		429	$	2,621	$	6.11
Houston-Baytown-Sugar Land, TX		27		2,930	$	5.62		2,346	$	12,291	$	5.24		373	$	2,974	$	7.98
San Antonio, TX		4		687	$	5.34		361	$	1,975	$	5.47		179	$	910	$	5.09

Texas		53		6,561	$	5.48		4,380	$	21,827	$	4.98		1,247	$	9,030	$	7.24

Total Central Region		53		6,561	$	5.48		4,380	$	21,827	$	4.98		1,247	$	9,030	$	7.24

Mid-Atlantic Region
Atlanta-Sandy Springs et al, GA		7		1,367	$	3.79		1,022	$	3,822	$	3.74		21	$	134	$	6.42

Georgia		7		1,367	$	3.79		1,022	$	3,822	$	3.74		21	$	134	$	6.42
Memphis, TN-MS-AR		3		685	$	2.54		576	$	1,463	$	2.54		2	$	8	$	4.21

Tennessee		3		685	$	2.54		576	$	1,463	$	2.54		2	$	8	$	4.21
Richmond, VA		9		903	$	5.01		704	$	3,498	$	4.97		4	$	52	$	13.92

Virginia		9		903	$	5.01		704	$	3,498	$	4.97		4	$	52	$	13.92

Total Mid-Atlantic Region		19		2,955	$	3.85		2,303	$	8,782	$	3.81		26	$	193	$	7.32

Southeast Region
Lakeland, FL		2		768	$	4.75		545	$	2,586	$	4.75		0	$	0	$	0.00
Tampa-St. Petersburg et al, FL		3		896	$	3.77		727	$	2,714	$	3.73		17	$	91	$	5.32

Florida		5		1,665	$	4.18		1,272	$	5,300	$	4.17		17	$	91	$	5.32

Total Southeast Region		5		1,665	$	4.18		1,272	$	5,300	$	4.17		17	$	91	$	5.32

Total Industrial		78		11,313	$	4.90		7,995	$	36,151	$	4.52		1,291	$	9,324	$	7.22

Joint venture properties are reflected at WRI’s pro rata share.

Occupied SF based on commenced leases.

# of properties and GLA differ from property list due to new development properties with no commenced leases and the combining of certain properties on the property list.

Page 28

Property Listing

Weingarten Realty Investors

Summary Property Listing

As of June 30, 2011


		Gross Leasable Area
ALL PROPERTIES BY STATE	# of Properties	WRI Owned		Joint Venture Share		Owned by Other		Total
ALL PROPERTIES BY STATE	# of Properties	WRI Owned		Joint Venture Share		Owned by Other		Total
Arizona	24		2,222,831		—		1,462,718		3,685,549
Arkansas	3		358,030		—		—		358,030
California	30		3,943,198		878,518		835,463		5,657,177
Colorado	13		1,493,516		1,123,079		1,572,780		4,189,373
Florida	55		6,669,036		3,320,694		1,798,819		11,788,547
Georgia	24		3,151,071		933,066		808,806		4,892,943
Illinois	1		303,566		—		—		303,566
Kansas	1		115,716		—		—		115,716
Kentucky	4		610,815		—		127,614		738,429
Louisiana	11		1,150,995		423,587		693,875		2,268,457
Maine	1		128,348		42,783		—		171,131
Missouri	2		229,232		28,317		—		257,549
Nevada	12		2,365,942		—		1,329,371		3,695,313
New Mexico	4		429,730		—		260,608		690,338
North Carolina	25		2,539,182		181,859		742,374		3,463,415
Oklahoma	2		163,996		—		—		163,996
Oregon	3		119,909		90,927		62,600		273,436
South Carolina	1		21,530		64,590		—		86,120
Tennessee	9		1,266,681		677,263		137,740		2,081,684
Texas	154		15,935,822		5,530,013		3,102,963		24,568,798
Utah	4		318,875		86,981		435,160		841,016
Virginia	9		902,995		1,601,942		—		2,504,937
Washington	5		178,535		327,497		65,346		571,378

Grand Total	397		44,619,551		15,311,116		13,436,237		73,366,898


Total Retail	317		32,833,550		10,129,836		13,235,387		56,198,767

Total Industrial	77		11,505,698		5,181,280		200,850		16,887,828

Total Other	3		280,303		—		—		280,303

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 30

Weingarten Realty Investors

Property Listing

As of June 30, 2011


									Gross Leasable Area
Center	CBSA	Anchors	WRI Owned %			Foot Notes			WRI Owned		Joint Venture Share		Owned by Other		Total

Retail
Operating Properties

Arizona

Mohave Crossroads	Lake Havasu City-Kingman, AZ	Target (O.B.O.), Kohls (O.B.O.), PetSmart, Staples, Bed Bath & Beyond, Ross Dress for Less		100.00	%					182,168		0		197,360		379,528
Palmilla Center	Phoenix-Mesa-Scottsdale, AZ	Office Max, PetSmart, Dollar Tree, Fry’s Supermarket + (O.B.O.)		100.00	%					103,568		0		70,255		173,823
Raintree Ranch	Phoenix-Mesa-Scottsdale, AZ	Whole Foods +		100.00	%					135,750		0		3,198		138,948
Arrowhead Festival S.C.	Phoenix-Mesa-Scottsdale, AZ	Borders (O.B.O.), Sports Authority (O.B.O.), Toys “R” Us (O.B.O.), Bed Bath & Beyond (O.B.O.)		100.00	%					29,834		0		168,624		198,458
Fry’s Ellsworth Plaza	Phoenix-Mesa-Scottsdale, AZ	Fry’s Supermarket + (O.B.O.)		100.00	%					9,034		0		64,574		73,608
Monte Vista Village Center	Phoenix-Mesa-Scottsdale, AZ	Safeway + (O.B.O.)		100.00	%					45,751		0		62,800		108,551
Red Mountain Gateway	Phoenix-Mesa-Scottsdale, AZ	Target (O.B.O.), Bed Bath & Beyond, Famous Footwear		100.00	%					69,212		0		129,800		199,012
The Shoppes at Parkwood Ranch	Phoenix-Mesa-Scottsdale, AZ	Hobby Lobby, Dollar Tree		100.00	%					92,626		0		14,112		106,738
Camelback Village Square	Phoenix-Mesa-Scottsdale, AZ	Fry’s Supermarket +, Office Max		100.00	%					134,494		0		108,220		242,714
Laveen Village Market	Phoenix-Mesa-Scottsdale, AZ	Fry’s Supermarket + (O.B.O.), Home Depot (O.B.O.)		100.00	%					40,025		0		279,042		319,067
Rancho Encanto	Phoenix-Mesa-Scottsdale, AZ	Fresh N Easy +, Family Dollar, Leon Furniture		100.00	%					66,787		0		0		66,787
Squaw Peak Plaza	Phoenix-Mesa-Scottsdale, AZ	Basha’s +		100.00	%					60,728		0		0		60,728
Desert Village	Phoenix-Mesa-Scottsdale, AZ	CVS Pharmacy, AJ Fine Foods +		100.00	%					101,828		0		0		101,828
Fountain Plaza	Phoenix-Mesa-Scottsdale, AZ	Fry’s Supermarket +, Dollar Tree, Lowes (O.B.O.)		100.00	%					102,761		0		165,000		267,761
Scottsdale Horizon	Phoenix-Mesa-Scottsdale, AZ	Safeway + (O.B.O.)		100.00	%					10,237		0		0		10,237
Basha’s Valley Plaza	Phoenix-Mesa-Scottsdale, AZ	Basha’s +, Ross Dress for Less		100.00	%					145,518		0		0		145,518
Broadway Marketplace	Phoenix-Mesa-Scottsdale, AZ	Office Max, Ace Hardware		100.00	%					82,757		0		0		82,757
Pueblo Anozira	Phoenix-Mesa-Scottsdale, AZ	Fry’s Food & Drug +, Petco, Dollar Tree		100.00	%					158,269		0		0		158,269
Entrada de Oro	Tucson, AZ	Wal-Mart Neighborhood Market +		100.00	%					88,665		0		20,406		109,071
Madera Village	Tucson, AZ	Safeway +, Walgreens, Dollar Tree		100.00	%					96,732		0		10,594		107,326
Oracle Crossings	Tucson, AZ	Kohl’s, Sprouts Farmers Market +, Home Goods		100.00	%					250,541		0		10,000		260,541
Oracle Wetmore	Tucson, AZ	Home Depot (O.B.O.), PetSmart, Walgreens, Ulta		100.00	%					150,496		0		136,882		287,378
Shoppes at Bears Path	Tucson, AZ	Osco Drug (O.B.O.), Carondelet Health Care Corp., Leslie Pools		100.00	%					43,928		0		21,851		65,779

Arizona Total:	# of Properties: 23									2,201,709		0		1,462,718		3,664,427

Arkansas
Markham Square	Little Rock-N. Little Rock, AR	Burlington Coat Factory, Ross Dress for Less		100.00	%					126,904		0		0		126,904
Markham West	Little Rock-N. Little Rock, AR	Office Depot, Michaels, Academy, Bassett Furniture, Dollar Tree		100.00	%					178,500		0		0		178,500
Westgate	Little Rock-N. Little Rock, AR	SteinMart		100.00	%					52,626		0		0		52,626
Arkansas Total:	# of Properties: 3									358,030		0		0		358,030

California
Centerwood Plaza	Los Angeles-Long Beach et al, CA	Bestway Supermarket +, Buck-A-Roos		100.00	%					75,486		0		0		75,486
Buena Vista Marketplace	Los Angeles-Long Beach et al, CA	Ralph’s +, Dollar Tree		100.00	%					90,805		0		0		90,805
Westminster Center	Los Angeles-Long Beach et al, CA	Albertsons +, Home Depot, Edward’s Cinema, Rite Aid, Petco, Ross Dress for Less		100.00	%					417,820		0		0		417,820
Hallmark Town Center	Madera, CA	Food 4 Less +, Bally Total Fitness		100.00	%					85,066		0		0		85,066
Marshalls Plaza	Modesto, CA	Marshalls, Dress Barn, Guitar Center		100.00	%					78,752		0		0		78,752
Shasta Crossroads	Redding, CA	Food Maxx +, Target (O.B.O.), Sports Authority (O.B.O.), Ashley Furniture (O.B.O.)		100.00	%					121,183		0		131,468		252,651
Jess Ranch Marketplace	Riverside et al, CA	Winco Foods + (O.B.O.), Burlington Coat Factory, PetSmart, Rite Aid, Big 5		50.00	%		(1)(3	)		104,384		104,384		99,170		307,937
Jess Ranch Phase III	Riverside et al, CA	Best Buy, Cinemark Theatres, Bed Bath & Beyond, 24 Hour Fitness		50.00	%		(1)(3	)		89,758		89,758		5,532		185,047
Chino Hills Marketplace	Riverside et al, CA	Rite Aid, Von’s +, 24 Hour Fitness, Dollar Tree		100.00	%					311,124		0		0		311,124
Menifee Town Center	Riverside et al, CA	Ralph’s +, Ross Dress for Less, Dollar Tree		100.00	%					124,431		0		124,303		248,734

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									Gross Leasable Area
Center	CBSA	Anchors	WRI Owned %			Foot Notes			WRI Owned		Joint Venture Share		Owned by Other		Total
Stoneridge Town Centre	Riverside et al, CA	Super Target + (O.B.O), Best Buy, Office Max, Kohl’s		67.00	%		(1)(3	)		104,692		51,565		275,015		431,272
Prospectors Plaza	Sacramento—Arden et al, CA	SaveMart +, Kmart, Long’s Drug Store		100.00	%					228,345		0		0		228,345
Arcade Square	Sacramento—Arden et al, CA	Grocery Outlet +, Lifestyle Furniture		100.00	%					76,497		0		0		76,497
Discovery Plaza	Sacramento—Arden et al, CA	Bel Air Market +		100.00	%					93,491		0		0		93,491
Summerhill Plaza	Sacramento—Arden et al, CA	Raley’s +, Dollar Tree		100.00	%					128,880		0		0		128,880
Valley	Sacramento—Arden et al, CA	Raley’s +		100.00	%					98,240		0		0		98,240
El Camino Promenade	San Diego-Carlsbad et al, CA	T.J. Maxx, Beverages & More, Staples, Dollar Tree		100.00	%					129,651		0		0		129,651
Rancho San Marcos Village	San Diego-Carlsbad et al, CA	Von’s +, 24 Hour Fitness		100.00	%					120,829		0		0		120,829
San Marcos Plaza	San Diego-Carlsbad et al, CA	Albertsons + (O.B.O.)		100.00	%					35,880		0		45,206		81,086
580 Market Place	San Francisco-Oakland et al, CA	Petco, 24 Hour Fitness, Safeway +		100.00	%					100,165		0		0		100,165
Fremont Gateway Plaza	San Francisco-Oakland et al, CA	Raley’s +, 24 Hour Fitness, Big Cinemas		100.00	%					194,601		0		0		194,601
Greenhouse Marketplace	San Francisco-Oakland et al, CA	Safeway + (O.B.O.), Longs Drug Stores (O.B.O.), Big Lots, 99 Cents Only, Factory 2 U		100.00	%					147,063		0		89,769		236,832
Silver Creek Plaza	San Jose-Sunnyvale et al, CA	Safeway +, Walgreens, Orchard Supply (O.B.O.)		100.00	%					132,925		0		65,000		197,925
Tully Corners Shopping Center	San Jose-Sunnyvale et al, CA	Food Maxx +, Petco		10.00	%		(1)(3	)		11,599		104,393		0		115,992
Freedom Centre	Santa Cruz-Watsonville, CA	Rite Aid, Big Lots, Safeway +, Ace Hardware		100.00	%					150,241		0		0		150,241
Stony Point Plaza	Santa Rosa-Petaluma, CA	Food Maxx +		100.00	%					195,192		0		0		195,192
Southampton Center	Vallejo-Fairfield, CA	Raley’s +, Ace Hardware		100.00	%					162,764		0		0		162,764
Sunset Center	Vallejo-Fairfield, CA	Rite Aid, In-Shape City		100.00	%					85,238		0		0		85,238
Creekside Center	Vallejo-Fairfield, CA	Raley’s +, Blockbuster		100.00	%					115,991		0		0		115,991

California Total:	# of Properties: 29									3,811,093		350,100		835,463		4,996,654


Colorado
Academy Place	Colorado Springs, CO	Safeway + (O.B.O.), Ross Dress For Less, Target (O.B.O.)		100.00	%					83,878		0		206,586		290,464

Uintah Gardens	Colorado Springs, CO	King Sooper’s +, Walgreens, Petco, Big 5 Sporting Goods, ARC Thrift		100.00	%					214,774		0		0		214,774
Aurora City Place	Denver-Aurora, CO	PetSmart, Barnes & Noble, Ross Dress For Less, Sports Authority, Super Target + (O.B.O.)		50.00	%		(1)(3	)		182,642		182,642		182,000		547,283
Green Valley Ranch Towne Center	Denver-Aurora, CO	King Sooper’s + (O.B.O.)		50.00	%		(1)(3	)		28,474		28,474		58,000		114,947
Lowry Town Center	Denver-Aurora, CO	Albertsons + (O.B.O.)		50.00	%		(1)(3	)		38,349		38,349		52,700		129,398
Edgewater Marketplace	Denver-Aurora, CO	King Sooper’s +, Ace Hardware, Target (O.B.O.)		100.00	%					145,780		0		126,000		271,780
CityCenter Englewood	Denver-Aurora, CO	Wal-Mart (O.B.O.), Ross Dress for Less, Sports Authority, Office Depot, Bally Total Fitness, Petco		51.00	%		(1)(3	)		137,346		131,960		90,000		359,305
Cherry Creek	Denver-Aurora, CO	Sports Authority, PetsMart, Target (O.B.O.)		100.00	%					78,148		0		194,523		272,671
Crossing at Stonegate	Denver-Aurora, CO	King Sooper’s +		51.00	%		(1)(3	)		55,620		53,438		0		109,058
Thorncreek Crossing	Denver-Aurora, CO	Super Target + (O.B.O.), Sunflower Farmers Market +, Barnes & Noble, Office Max, Michaels, Dollar Tree, Cost Plus		51.00	%		(1)(3	)		108,190		103,947		174,000		386,137
Westminster Plaza	Denver-Aurora, CO	Safeway +, Walgreens (O.B.O.)		50.00	%		(1	)		48,506		48,506		14,100		111,113

Colorado Total:	# of Properties: 11									1,121,707		587,316		1,097,909		2,806,930


Florida
Paradise Key at Kelly Plantation	Fort Walton Beach et al, FL	Publix +, Bed Bath & Beyond, Ross, Old Navy, SteinMart		10.00	%		(1)(3	)		27,178		244,599		0		271,777
Shoppes at Paradise Isle	Fort Walton Beach et al, FL	Best Buy, Michaels, Office Depot, PetSmart, Big Lots		25.00	%		(1)(3	)		42,917		128,752		0		171,669
Argyle Village	Jacksonville, FL	Bed Bath & Beyond, Publix +, T.J. Maxx, Babies “R” Us, Jo-Ann’s Fabrics, Michaels		100.00	%					312,447		0		0		312,447
Atlantic North	Jacksonville, FL	Academy		50.00	%		(1)(3	)		33,842		33,842		0		67,685
Atlantic West	Jacksonville, FL	Dollar Tree, Office Depot, Shoe Carnival, TJ Maxx, Kohl’s (O.B.O.)		50.00	%		(1)(3	)		33,736		33,736		96,010		163,481
Kernan Village	Jacksonville, FL	Ross, Petco, Walmart (O.B.O.)		50.00	%		(1)(3	)		42,652		42,652		203,622		288,925
Epic Village - St. Augustine	Jacksonville, FL	Epic Theaters (O.B.O.)		70.00	%		(1	)		6,103		2,615		51,977		60,695
Boca Lyons	Miami-Fort Lauderdale et al, FL	Ross Dress for Less, Ethan Allen, Dollar Tree		100.00	%					117,515		0		0		117,515
Embassy Lakes	Miami-Fort Lauderdale et al, FL	Winn Dixie +, Tuesday Morning		100.00	%					131,723		0		48,214		179,937
Hollywood Hills Plaza	Miami-Fort Lauderdale et al, FL	Publix +, Target, CVS/pharmacy		20.00	%		(1)(3	)		72,957		291,828		0		364,785

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Property Listing

As of June 30, 2011


									Gross Leasable Area
Center	CBSA	Anchors	WRI Owned %			Foot Notes			WRI Owned		Joint Venture Share		Owned by Other		Total
TJ Maxx Plaza	Miami-Fort Lauderdale et al, FL	T.J. Maxx, Winn Dixie +, Dollar Tree		100.00	%					161,429		0		0		161,429
Palm Lakes Plaza	Miami-Fort Lauderdale et al, FL	Publix +, CVS/pharmacy		20.00	%		(1)(3	)		22,750		91,002		0		113,752
Kendall Corners	Miami-Fort Lauderdale et al, FL	Ashley Furniture		20.00	%		(1)(3	)		19,294		77,178		0		96,472
South Dade	Miami-Fort Lauderdale et al, FL	Publix +, Petco, Chuck E. Cheese, Bed Bath & Beyond		20.00	%		(1)(3	)		43,895		175,578		0		219,473
Tamiami Trail Shops	Miami-Fort Lauderdale et al, FL	Publix +, CVS/pharmacy		20.00	%		(1)(3	)		22,173		88,694		0		110,867
Northridge	Miami-Fort Lauderdale et al, FL	Publix +, Petco, Ross Dress for Less, Anna’s Linens, Bally Total Fitness		20.00	%		(1)(3	)		47,214		188,855		0		236,069
Shoppes at Parkland	Miami-Fort Lauderdale et al, FL	BJ’s Wholesale Club +		30.00	%		(1	)		43,696		101,956		0		145,652
Flamingo Pines	Miami-Fort Lauderdale et al, FL	Publix +		20.00	%		(1)(3	)		25,292		101,167		0		126,459
Flamingo Pines	Miami-Fort Lauderdale et al, FL	Wal-Mart Supercenter + (O.B.O.), U.S. Post Office, Keiser College		100.00	%					135,852		0		255,350		391,202
Pembroke Commons	Miami-Fort Lauderdale et al, FL	Publix +, Marshalls, Office Depot, LA Fitness, Dollar Tree		20.00	%		(1)(3	)		60,914		243,658		0		304,572
Publix at Laguna Isles	Miami-Fort Lauderdale et al, FL	Publix +		100.00	%					69,475		0		0		69,475
Vizcaya Square	Miami-Fort Lauderdale et al, FL	Bio Medical		100.00	%					112,410		0		0		112,410
Sunrise West Shopping Center	Miami-Fort Lauderdale et al, FL	Publix +		25.00	%		(1)(3	)		19,080		57,241		0		76,321
Colonial Landing	Orlando, FL	Bed Bath & Beyond, PetSmart, Sports Authority		50.00	%		(1	)		131,504		131,504		0		263,007
Colonial Plaza	Orlando, FL	Staples, Ross Dress for Less, Babies “R” Us, Marshalls, Old Navy, SteinMart, Barnes & Noble, Petco, Big Lots, Hobby Lobby		100.00	%					502,182		0		0		502,182
International Drive Value Center	Orlando, FL	Sweetbay +, Bed Bath & Beyond, Ross Dress for Less, T.J. Maxx		20.00	%		(1)(3	)		37,133		148,531		0		185,664
Market at Southside	Orlando, FL	Ross Dress for Less, Beall’s, Dollar Tree		100.00	%					95,128		0		64,627		159,755
Phillips Crossing	Orlando, FL	Whole Foods +, Golf Galaxy, Michaels		100.00	%					145,704		0		0		145,704
Phillips Landing	Orlando, FL	Wal-Mart (O.B.O.), Planet Fitness		100.00	%					66,223		0		219,815		286,038
The Marketplace at Dr. Phillips	Orlando, FL	Stein Mart, Office Depot, Home Goods, Morton’s of Chicago		20.00	%		(1)(3	)		65,222		260,886		0		326,108
The Shoppes at South Semoran	Orlando, FL	Dollar Tree		100.00	%					101,486		0		0		101,486
Westland Terrace Plaza	Orlando, FL	T.J. Maxx, Petco, Shoe Carnival, Super Target + (O.B.O.)		100.00	%					77,521		0		183,000		260,521
Alafaya Square	Orlando, FL	Publix +		20.00	%		(1)(3	)		35,297		141,189		0		176,486
University Palms	Orlando, FL	Publix +		30.00	%		(1	)		29,752		69,420		0		99,172
Marketplace at Seminole Towne Center	Orlando, FL	Sports Authority, Ross Dress for Less, Old Navy, Petco, Marshall’s, Super Target + (O.B.O.)		100.00	%					313,612		0		185,000		498,612
Winter Park Corners	Orlando, FL	Whole Foods Market +		100.00	%					102,382		0		0		102,382
Indian Harbour Place	Palm Bay-Melbourne et al, FL	Beall’s, Publix +		25.00	%		(1)(3	)		40,880		122,641		0		163,521
Lake Washington Crossing	Palm Bay-Melbourne et al, FL	Publix +, Famous Labels		25.00	%		(1)(3	)		29,707		89,121		0		118,828
Lake Washington Square	Palm Bay-Melbourne et al, FL	Tuesday Morning		100.00	%					111,811		0		0		111,811
Palm Coast Center	Palm Coast, FL	Super Target (O.B.O.) +, PetSmart, T.J. Maxx, Ross Dress for Less, Michaels		100.00	%					166,797		0		189,398		356,195
Pineapple Commons	Port St. Lucie-Fort Pierce, FL	City Furniture, Best Buy, Ross Dress for Less, PetSmart, Marshalls		20.00	%		(1)(3	)		49,803		199,211		0		249,014
Quesada Commons	Punta Gorda, FL	Publix +		25.00	%		(1)(3	)		14,722		44,168		0		58,890
Shoppes of Port Charlotte	Punta Gorda, FL	Chick-Fil-A		25.00	%		(1)(3)(4	)		980		2,941		0		3,921
Shoppes of Port Charlotte	Punta Gorda, FL	Petco		25.00	%		(1)(3	)		10,253		30,758		0		41,011
Venice Pines	Sarasota-Bradenton-Venice, FL	Sweet Bay +		100.00	%					97,303		0		0		97,303
Countryside Centre	Tampa-St. Petersburg et al, FL	T.J. Maxx, Home Goods, Dick’s Sporting Goods		100.00	%					242,567		0		0		242,567
Sunset 19	Tampa-St. Petersburg et al, FL	Publix +, Bed Bath & Beyond, Staples, Comp USA, Barnes & Noble, Sports Authority, Old Navy		100.00	%					275,910		0		0		275,910
Largo Mall	Tampa-St. Petersburg et al, FL	Beall’s, Marshalls, PetSmart, Bed Bath & Beyond, Staples, Michaels, Target (O.B.O.), Albertsons + (O.B.O.)		100.00	%					380,991		0		197,631		578,622
East Lake Woodlands	Tampa-St. Petersburg et al, FL	Walgreens		20.00	%		(1)(3	)		28,123		112,494		0		140,617
Palms of Carrollwood	Tampa-St. Petersburg et al, FL	Bed Bath & Beyond, The Fresh Market +		100.00	%					167,887		0		0		167,887

Florida Total:	# of Properties: 49									4,925,424		3,256,217		1,694,644		9,876,283


Georgia
Lakeside Marketplace	Atlanta-Sandy Springs et al, GA	Ross Dress for Less, Petco, Office Max, Super Target + (O.B.O.)		100.00	%					136,848		0		174,000		310,848
Mansell Crossing	Atlanta-Sandy Springs et al, GA	buybuy BABY, Ross Dress for Less, Rooms to Go		20.00	%		(1)(3	)		20,586		82,345		0		102,931
Camp Creek Marketplace II	Atlanta-Sandy Springs et al, GA	Shopper’s World, DSW, American Signature, LA Fitness		100.00	%					196,283		0		0		196,283

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Weingarten Realty Investors

Property Listing

As of June 30, 2011


									Gross Leasable Area
Center	CBSA	Anchors	WRI Owned %			Foot Notes			WRI Owned		Joint Venture Share		Owned by Other		Total
Cherokee Plaza	Atlanta-Sandy Springs et al, GA	Kroger +		30.00	%		(1	)		29,925		69,824		0		99,749
Perimeter Village	Atlanta-Sandy Springs et al, GA	Wal-Mart Supercenter +, Cost Plus World Market, DSW, Hobby Lobby		100.00	%					387,755		0		0		387,755
Publix at Princeton Lakes	Atlanta-Sandy Springs et al, GA	Publix +		20.00	%		(1)(3	)		13,681		54,726		0		68,407
Brookwood Square	Atlanta-Sandy Springs et al, GA	Marshalls		100.00	%					234,501		0		0		234,501
Dallas Commons	Atlanta-Sandy Springs et al, GA	Kroger + (O.B.O.)		100.00	%					25,158		0		70,104		95,262
Reynolds Crossing	Atlanta-Sandy Springs et al, GA	Kroger + (O.B.O.)		100.00	%					45,758		0		70,225		115,983
Grayson Commons	Atlanta-Sandy Springs et al, GA	Kroger +		100.00	%					76,611		0		0		76,611
Sandy Plains Exchange	Atlanta-Sandy Springs et al, GA	Publix +		30.00	%		(1	)		21,835		50,949		0		72,784
Brownsville Commons	Atlanta-Sandy Springs et al, GA	Kroger + (O.B.O.)		100.00	%					27,747		0		54,139		81,886
Roswell Corners	Atlanta-Sandy Springs et al, GA	Staples, T.J. Maxx, Super Target + (O.B.O.)		100.00	%					144,834		0		173,535		318,369

Brookwood Marketplace	Atlanta-Sandy Springs et al, GA	Office Max, Home Depot, Bed Bath & Beyond, Super Target + (O.B.O.)		100.00	%					199,594		0		174,000		373,594
Thompson Bridge Commons	Gainesville, GA	Kroger +		30.00	%		(1	)		27,776		64,811		0		92,587

Georgia Total:	# of Properties: 15									1,588,892		322,655		716,003		2,627,550


Illinois
Burbank Station	Chicago et al, IL-IN-WI	Babies “R” Us, Food For Less +, AJ Wright, Office Max, The Sports Authority, PetSmart		100.00	%					303,566		0		0		303,566

Illinois Total:	# of Properties: 1									303,566		0		0		303,566


Kansas
Kohl’s	Topeka, KS	Barnes & Noble, Kohl’s		100.00	%					115,716		0		0		115,716

Kansas Total:	# of Properties: 1									115,716		0		0		115,716


Kentucky
Millpond Center	Lexington-Fayette, KY	Kroger +		100.00	%					124,567		0		27,000		151,567
Regency Shopping Centre	Lexington-Fayette, KY	T.J. Maxx, Michaels, Kroger + (O.B.O.)		100.00	%					142,972		0		46,044		189,016
Tates Creek	Lexington-Fayette, KY	Kroger +, Rite Aid		100.00	%					174,290		0		5,160		179,450
Festival at Jefferson Court	Louisville, KY-IN	Kroger +, PetSmart (O.B.O.), Factory Card Outlet, Staples		100.00	%					168,986		0		49,410		218,396

Kentucky Total:	# of Properties: 4									610,815		0		127,614		738,429


Louisiana
Town & Country Plaza	Hammond, LA	Winn Dixie +, Office Depot, CVS/pharmacy, Ross Dress for Less		100.00	%					224,827		0		0		224,827
River Marketplace	Lafayette, LA	Ross Dress for Less, Stage, Cost Plus, Super Target + (O.B.O.), Books-A-Million		7.80	%		(1)(3	)		13,139		155,096		174,700		342,935
Westwood Village	Lafayette, LA	Rouses Supermarket +, Stage		100.00	%					138,225		0		0		138,225
14/Park Plaza	Lake Charles, LA	Kroger +, Conn’s, Anna’s Linens, Family Dollar, Citi Trends		100.00	%					172,068		0		0		172,068
K-Mart Plaza	Lake Charles, LA	Albertsons +, Kmart, Dollar Tree		50.00	%		(1)(3	)		107,974		107,974		0		215,948
Prien Lake Plaza	Lake Charles, LA	Target (O.B.O.), Marshalls (O.B.O.), Ross Dress for Less (O.B.O.), Bed Bath & Beyond (O.B.O.)		100.00	%					8,243		0		205,375		213,618
Southgate	Lake Charles, LA	Market Basket +, Office Depot, Books-A-Million		100.00	%					158,587		0		0		158,587
Danville Plaza	Monroe, LA	County Market +, Citi Trends, Surplus Warehouse		100.00	%					141,380		0		0		141,380
Manhattan Place	New Orleans-Metairie-Kenner, LA	Target (O.B.O.), Ross Dress for Less, Stage, K&G Fashion		100.00	%					137,315		0		139,300		276,615
Orleans Station	New Orleans-Metairie-Kenner, LA	Car Care Center		100.00	%		(4	)		3,000		0		0		3,000
University Place	Shreveport-Bossier City, LA	Super Target + (O.B.O.), Best Buy, T.J. Maxx, CVS/pharmacy, Bed Bath & Beyond		100.00	%					5,100		0		0		5,100
University Place	Shreveport-Bossier City, LA	Super Target + (O.B.O.), Best Buy, T.J. Maxx, CVS/pharmacy, Bed Bath & Beyond		20.40	%		(1)(3	)		41,137		160,517		174,500		376,154

Louisiana Total:	# of Properties: 11									1,150,995		423,587		693,875		2,268,457


Maine
The Promenade	Lewiston-Auburn, ME	Staples		75.00	%		(1	)		128,348		42,783		0		171,131

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Property Listing

As of June 30, 2011


									Gross Leasable Area
Center	CBSA	Anchors	WRI Owned %			Foot Notes			WRI Owned		Joint Venture Share		Owned by Other		Total

Maine Total:	# of Properties: 1									128,348		42,783		0		171,131


Missouri
Ballwin Plaza	St. Louis, MO-IL	Schnucks +, Michaels, Sears Hardware		100.00	%					200,915		0		0		200,915
Western Plaza	St. Louis, MO-IL	Value Village		50.00	%		(1)(3	)		28,317		28,317		0		56,634

Missouri Total:	# of Properties: 2									229,232		28,317		0		257,549


Nevada
Eastern Horizon	Las Vegas-Paradise, NV	Kmart + (O.B.O.), Trader Joe’s +		100.00	%					65,848		0		143,879		209,727

Best in the West	Las Vegas-Paradise, NV	Best Buy, Borders, Bed Bath & Beyond, Babies “R” Us, DSW Shoes, Office Depot, Old Navy, PetSmart, Jo-Ann Stores, Sports Authority, Ulta		100.00	%					428,067		0		0		428,067
Charleston Commons	Las Vegas-Paradise, NV	Wal-Mart +, Ross, Office Max, 99 Cents Only, PetSmart		100.00	%					332,539		0		141,527		474,066
College Park S.C.	Las Vegas-Paradise, NV	El Super +, Sav-On Drugs, Anna’s Linens, Factory 2 U		100.00	%					167,654		0		27,713		195,367
Francisco Centre	Las Vegas-Paradise, NV	Ross Dress for Less (O.B.O.), Fallas Paredes, La Bonita Grocery +		100.00	%					116,973		0		31,842		148,815
Mission Center	Las Vegas-Paradise, NV	Sav-On Drug-CVS (O.B.O.), Albertsons + (O.B.O.), Toys “R” Us, T.J. Maxx		100.00	%					152,151		0		60,018		212,169
Paradise Marketplace	Las Vegas-Paradise, NV	Smith’s Food + (O.B.O.), Dollar Tree		100.00	%					77,597		0		70,495		148,092
Rainbow Plaza	Las Vegas-Paradise, NV	Albertsons +, JC Penney, Home Depot, 24 Hour Fitness		100.00	%					273,916		0		0		273,916
Rainbow Plaza, Phase I	Las Vegas-Paradise, NV	Albertsons +, JC Penney, Home Depot, 24 Hour Fitness		100.00	%					136,369		0		0		136,369
Rancho Towne & Country	Las Vegas-Paradise, NV	Smith’s Food +		100.00	%					84,743		0		0		84,743
Tropicana Beltway	Las Vegas-Paradise, NV	Lowe’s (O.B.O.), Wal-Mart Supercenter + (O.B.O.), PetSmart, Office Depot, Ross Dress for Less, Sports Authority		100.00	%					246,483		0		394,271		640,754
Tropicana Marketplace	Las Vegas-Paradise, NV	Smith’s Food + (O.B.O.), Family Dollar		100.00	%					69,475		0		73,168		142,643
Westland Fair North	Las Vegas-Paradise, NV	Wal-Mart Supercenter + (O.B.O.), Lowe’s (O.B.O.), PetSmart, Office Depot, Michaels, Anna’s Linens		100.00	%					214,127		0		386,458		600,585

Nevada Total:	# of Properties: 12									2,365,942		0		1,329,371		3,695,313


New Mexico
Eastdale	Albuquerque, NM	Albertsons +, Family Dollar		100.00	%					119,091		0		0		119,091
North Towne Plaza	Albuquerque, NM	Whole Foods Market +, Borders		100.00	%					107,666		0		0		107,666
Pavillions at San Mateo	Albuquerque, NM	Old Navy, Shoe Department, Skechers, Dollar Tree		100.00	%					151,260		0		44,474		195,734
Wyoming Mall	Albuquerque, NM	Wal-Mart Supercenter + (O.B.O.), Dollar Tree		100.00	%					51,713		0		216,134		267,847

New Mexico Total:	# of Properties: 4									429,730		0		260,608		690,338


North Carolina
Galleria	Charlotte-Gastonia et al, NC-SC	Off Broadway Shoes, Wal-Mart (O.B.O.)		100.00	%					120,674		0		207,602		328,276
Johnston Road Plaza	Charlotte-Gastonia et al, NC-SC	Food Lion +		100.00	%					79,508		0		0		79,508
Steele Creek Crossing	Charlotte-Gastonia et al, NC-SC	BI-LO +, Rite Aid		100.00	%					77,301		0		0		77,301

Whitehall Commons	Charlotte-Gastonia et al, NC-SC	Wal-Mart Supercenter + (O.B.O.), Lowes (O.B.O.), BI-LO + (O.B.O.)		100.00	%					41,941		0		402,620		444,561
Chatham Crossing	Durham, NC	Lowes Food +, CVS/pharmacy		25.00	%		(1)(3	)		24,039		72,116		0		96,155
Cole Park Plaza	Durham, NC	Dollar General		25.00	%		(1)(3	)		20,564		61,694		0		82,258
Bull City Market	Durham, NC	Whole Foods Market +		100.00	%					40,875		0		0		40,875
Hope Valley Commons	Durham, NC	Harris Teeter +		100.00	%					81,371		0		0		81,371
Mineral Springs Village	Durham, NC	Rite Aid, Carlie C’s IGA +		100.00	%					59,859		0		0		59,859
Ravenstone Commons	Durham, NC	Food Lion +		100.00	%					60,424		0		0		60,424
Capital Square	Raleigh-Cary, NC	Food Lion +		100.00	%					143,063		0		0		143,063
Harrison Pointe	Raleigh-Cary, NC	Harris Teeter +, Staples		100.00	%					130,934		0		0		130,934
High House Crossing	Raleigh-Cary, NC	Harris Teeter +		100.00	%					89,997		0		0		89,997
Northwoods Market	Raleigh-Cary, NC	Food Lion +		100.00	%					77,802		0		0		77,802
Parkway Pointe	Raleigh-Cary, NC	Food Lion +, Rite Aid		100.00	%					80,061		0		0		80,061
Avent Ferry	Raleigh-Cary, NC	Food Lion +, Family Dollar		100.00	%					111,622		0		0		111,622
Falls Pointe	Raleigh-Cary, NC	Harris Teeter +, Kohl’s (O.B.O.)		100.00	%					106,981		0		86,350		193,331

Page 35

Weingarten Realty Investors

Property Listing

As of June 30, 2011


									Gross Leasable Area
Center	CBSA	Anchors	WRI Owned %			Foot Notes			WRI Owned		Joint Venture Share		Owned by Other		Total
Leesville Town Centre	Raleigh-Cary, NC	Harris Teeter +, Rite Aid		100.00	%					114,396		0		0		114,396
Little Brier Creek	Raleigh-Cary, NC	Lowe’s Food + (O.B.O.)		100.00	%					17,119		0		45,802		62,921
Six Forks Station	Raleigh-Cary, NC	Kmart, Home Depot, Food Lion +, Bed Bath & Beyond, Borders		100.00	%					466,585		0		0		466,585
Stonehenge Market	Raleigh-Cary, NC	Harris Teeter +, SteinMart, Rite Aid		100.00	%					188,521		0		0		188,521
Heritage Station	Raleigh-Cary, NC	Harris Teeter +		30.00	%		(1	)		20,592		48,049		0		68,641
Pinecrest Plaza	Southern Pines-Pinehurst, NC	Food Lion +, Michaels, Belk’s, Burke’s Outlet Stores Inc.		100.00	%					252,038		0		0		252,038

North Carolina Total:	# of Properties: 23									2,406,267		181,859		742,374		3,330,500


Oklahoma
Market Boulevard	Oklahoma City, OK	Rent 1st		100.00	%					35,765		0		0		35,765
Town and Country	Oklahoma City, OK	Office Depot, Big Lots, Westlake Hardware, Aaron Rents		100.00	%					128,231		0		0		128,231

Oklahoma Total:	# of Properties: 2									163,996		0		0		163,996


Oregon
Clackamas Square	Portland-Vancouver et al, OR-WA	T.J. Maxx, Winco Foods + (O.B.O.)		20.00	%		(1)(3	)		14,828		59,311		62,600		136,739
Oak Grove Market Center	Portland-Vancouver et al, OR-WA	Safeway +		100.00	%					97,177		0		0		97,177
Raleigh Hills Plaza	Portland-Vancouver et al, OR-WA	Walgreens, New Seasons Market +		20.00	%		(1)(3	)		7,904		31,616		0		39,520

Oregon Total:	# of Properties: 3									119,909		90,927		62,600		273,436


South Carolina
Fresh Market Shoppes	Hilton Head Island-Beaufort, SC	The Fresh Market +		25.00	%		(1)(3	)		21,530		64,590		0		86,120

South Carolina Total:	# of Properties: 1									21,530		64,590		0		86,120


Tennessee
Bartlett Towne Center	Memphis, TN-MS-AR	Kroger +, Petco, Dollar Tree, Shoe Carnival		100.00	%					192,624		0		0		192,624
Commons at Dexter Lake	Memphis, TN-MS-AR	Kroger +, SteinMart, Marshalls		30.00	%		(1	)		50,087		116,871		0		166,958
Commons at Dexter Lake Phase II	Memphis, TN-MS-AR	Kroger +, SteinMart, Marshalls		30.00	%		(1)(4	)		18,551		43,287		0		61,838
Highland Square	Memphis, TN-MS-AR	Walgreens		100.00	%		(4	)		14,490		0		0		14,490
Mendenhall Commons	Memphis, TN-MS-AR	Kroger +		30.00	%		(1	)		26,432		61,676		0		88,108
Summer Center	Memphis, TN-MS-AR	Kroger +, Ross Dress for Less		100.00	%					139,428		0		0		139,428

Tennessee Total:	# of Properties: 5									441,612		221,834		0		663,446


Texas
Bell Plaza	Amarillo, TX	United Supermarket +, Dollar Tree		15.00	%		(1	)		19,595		111,036		0		130,631
Coronado	Amarillo, TX	Subway		100.00	%					48,165		0		0		48,165
Calder	Beaumont-Port Arthur, TX	Harmony Science Academy		100.00	%		(4	)		34,641		0		0		34,641
North Park Plaza	Beaumont-Port Arthur, TX	Target (O.B.O.), Toys “R” Us (O.B.O.)		50.00	%		(1)(3	)		70,036		70,036		141,329		281,401
Phelan	Beaumont-Port Arthur, TX	Kroger + (O.B.O.)		100.00	%					12,000		0		0		12,000
Phelan West	Beaumont-Port Arthur, TX	Kroger + (O.B.O.)		66.70	%		(1)(3	)		15,552		7,779		58,890		82,221
Gillham Circle	Beaumont-Port Arthur, TX	Family Dollar		100.00	%					33,134		0		0		33,134
Crossroads	Beaumont-Port Arthur, TX	Market Basket +, Beall’s, Baskin’s, Burke’s Outlet		100.00	%					115,692		0		0		115,692
Lone Star Pavilions	College Station-Bryan, TX	Best Buy, Office Depot, Barnes & Noble		100.00	%					106,907		0		0		106,907
Moore Plaza	Corpus Christi, TX	Office Depot, Marshalls, H. E. B. + (O.B.O.), Target (O.B.O.), Old Navy, Hobby Lobby, Steinmart		100.00	%					371,907		0		227,972		599,879
Gateway Station	Dallas-Fort Worth-Arlington, TX	Conn’s		70.00	%		(1	)		47,950		20,550		0		68,500
Horne Street Market	Dallas-Fort Worth-Arlington, TX	24 Hour Fitness		100.00	%		(4	)		42,267		0		0		42,267

Overton Park Plaza	Dallas-Fort Worth-Arlington, TX	Sports Authority, PetsMart, T.J. Maxx, Home Depot (O.B.O.), Goody Goody Wines, Anna’s Linens, Sprouts Farmers Market +, buybuy BABY		100.00	%					355,259		0		110,000		465,259
Independence Plaza	Dallas-Fort Worth-Arlington, TX	Babies “R” Us, Family Dollar, Harbor Freight		100.00	%					170,363		0		0		170,363
Custer Park	Dallas-Fort Worth-Arlington, TX	Kroger + (O.B.O.)		100.00	%					114,489		0		65,084		179,573
Pitman Corners	Dallas-Fort Worth-Arlington, TX	Albertsons +, Tuesday Morning		100.00	%					192,283		0		0		192,283

Page 36

Weingarten Realty Investors

Property Listing

As of June 30, 2011


									Gross Leasable Area
Center	CBSA	Anchors	WRI Owned %			Foot Notes			WRI Owned		Joint Venture Share		Owned by Other		Total
Preston Shepard Place	Dallas-Fort Worth-Arlington, TX	SteinMart, Old Navy, Office Depot, Marshalls, Babies “R” Us, PETCO, Nordstrom		20.00	%		(1)(3	)		72,667		290,670		0		363,337
Lake Pointe Market Center	Dallas-Fort Worth-Arlington, TX	Tom Thumb + (O.B.O.), Walgreens (O.B.O.)		100.00	%					40,513		0		81,176		121,689
Boswell Towne Center	Dallas-Fort Worth-Arlington, TX	Albertsons + (O.B.O)		100.00	%					26,088		0		61,920		88,008
Montgomery Plaza	Houston-Baytown-Sugar Land, TX	Academy, Conn’s, 99 Cents Only, Petco, Anna’s Linens, Spec’s		100.00	%					300,772		0		0		300,772
Broadway	Houston-Baytown-Sugar Land, TX	Big Lots, Family Dollar		15.00	%		(1	)		11,191		63,413		0		74,604
Food King Place	Houston-Baytown-Sugar Land, TX	Vacant		100.00	%		(4	)		28,062		0		0		28,062
Galveston Place	Houston-Baytown-Sugar Land, TX	Randall’s +, Office Depot, Spec’s Liquor, Palais Royal		100.00	%					210,187		0		0		210,187
10/Federal	Houston-Baytown-Sugar Land, TX	Citi Trends, Palais Royal, Sellers Bros. +		15.00	%		(1	)		19,871		112,601		0		132,472
Alabama-Shepherd	Houston-Baytown-Sugar Land, TX	PetSmart		100.00	%					56,110		0		0		56,110
Bayshore Plaza	Houston-Baytown-Sugar Land, TX	Fitness Connections (O.B.O.)		100.00	%					36,039		0		86,000		122,039
Bellaire Boulevard	Houston-Baytown-Sugar Land, TX	Randall’s +		30.00	%		(1	)		10,524		24,557		0		35,081
Braeswood Square	Houston-Baytown-Sugar Land, TX	Belden’s +, Walgreens		100.00	%					103,336		0		0		103,336
Centre at Post Oak	Houston-Baytown-Sugar Land, TX	Marshalls, Old Navy, Grand Lux Café, Nordstrom Rack		100.00	%					186,201		0		0		186,201
Champions Village	Houston-Baytown-Sugar Land, TX	Randall’s +, SteinMart, Palais Royal, Cost Plus, Barnes & Noble		30.00	%		(1	)		115,374		269,207		0		384,581
Cullen Center	Houston-Baytown-Sugar Land, TX	Beauty Supply		100.00	%					7,316		0		0		7,316
Cullen Plaza	Houston-Baytown-Sugar Land, TX	Fiesta +, JPMorgan Chase Bank, Family Dollar		15.00	%		(1	)		12,678		71,839		0		84,517
Cypress Pointe	Houston-Baytown-Sugar Land, TX	Kroger +, Office Depot, Babies “R” Us		100.00	%					186,399		0		96,660		283,059

Eastpark	Houston-Baytown-Sugar Land, TX	Jack in the Box, CVS/pharmacy (O.B.O.), US Postal Service (O.B.O.)		100.00	%		(4	)		1,576		0		0		1,576
Edgebrook	Houston-Baytown-Sugar Land, TX	Fiesta +, JPMorgan Chase Bank, Family Dollar		15.00	%		(1	)		11,769		66,691		0		78,460
Fiesta Village	Houston-Baytown-Sugar Land, TX	Fiesta +		15.00	%		(1	)		4,537		25,712		0		30,249
Fondren/West Airport	Houston-Baytown-Sugar Land, TX	El Ahorro +		100.00	%					37,717		0		0		37,717
Glenbrook Square	Houston-Baytown-Sugar Land, TX	Kroger +		15.00	%		(1	)		11,684		66,206		0		77,890
Griggs Road	Houston-Baytown-Sugar Land, TX	Family Dollar, Citi Trends		15.00	%		(1	)		12,017		68,099		0		80,116
Harrisburg Plaza	Houston-Baytown-Sugar Land, TX	Fallas Paredes		15.00	%		(1	)		14,016		79,422		0		93,438
Heights Plaza	Houston-Baytown-Sugar Land, TX	Kroger +		100.00	%					71,777		0		0		71,777
Humblewood Shopping Plaza	Houston-Baytown-Sugar Land, TX	Kroger +, Conn’s, Walgreens, Michaels (O.B.O.), DSW (O.B.O.)		100.00	%					176,673		0		99,000		275,673
I-45/Telephone Rd. Center	Houston-Baytown-Sugar Land, TX	Sellers Bros. +, Dollar Tree, FAMSA, Fallas Paredes		15.00	%		(1	)		25,768		146,021		0		171,789
Jacinto City	Houston-Baytown-Sugar Land, TX	Sellers Bros. +		50.00	%		(1	)		24,569		24,569		0		49,138
Kirby Strip Center	Houston-Baytown-Sugar Land, TX	Freebirds Burrito		100.00	%					10,000		0		0		10,000
Lawndale	Houston-Baytown-Sugar Land, TX	Family Dollar, 99 Cents Only, LaMichoacana Meat Market +		15.00	%		(1	)		7,819		44,308		0		52,127
Little York Plaza	Houston-Baytown-Sugar Land, TX	Sellers Bros. +, Fallas Paredes		15.00	%		(1	)		17,082		96,796		0		113,878
Lyons Avenue	Houston-Baytown-Sugar Land, TX	Fiesta +, Fallas Paredes		15.00	%		(1	)		10,144		57,485		0		67,629
Market at Westchase	Houston-Baytown-Sugar Land, TX	Whole Foods Market +		100.00	%					84,081		0		0		84,081
North Main Square	Houston-Baytown-Sugar Land, TX	O’Reilly Auto Parts		100.00	%					18,515		0		0		18,515
North Oaks	Houston-Baytown-Sugar Land, TX	T.J. Maxx, Ross Dress for Less, Staples, Big Lots, DSW, Half Price Books, Anna’s Linens, Hobby Lobby		15.00	%		(1	)		60,778		344,408		0		405,186
North Triangle	Houston-Baytown-Sugar Land, TX	CiCi’s Pizza		100.00	%					16,060		0		0		16,060
Northbrook Center	Houston-Baytown-Sugar Land, TX	Randall’s +, Office Depot, Citi Trends, Anna’s Linens, Dollar Tree		100.00	%					173,288		0		0		173,288
Northwest Crossing	Houston-Baytown-Sugar Land, TX	Target (O.B.O.), Marshalls, Big Lots, Dollar Tree, Best Buy		75.00	%		(1)(3	)		134,939		44,980		120,721		300,640
Oak Forest	Houston-Baytown-Sugar Land, TX	Kroger +, Ross Dress for Less, Dollar Tree		100.00	%					151,324		0		0		151,324
Orchard Green	Houston-Baytown-Sugar Land, TX	Sellers Bros. +, Family Dollar		100.00	%					74,983		0		0		74,983
Randall’s /Cypress Station	Houston-Baytown-Sugar Land, TX	ATI Career Training Center		100.00	%					136,891		0		0		136,891
Randall’s /Kings Crossing	Houston-Baytown-Sugar Land, TX	Randall’s +, CVS/pharmacy		30.00	%		(1	)		37,919		88,478		0		126,397
Randall’s /Norchester	Houston-Baytown-Sugar Land, TX	Playa Azul Seafood & Oyster Bar		100.00	%					107,200		0		0		107,200
Richmond Square	Houston-Baytown-Sugar Land, TX	Best Buy (O.B.O.), Cost Plus		100.00	%					35,623		0		58,247		93,870
River Oaks East	Houston-Baytown-Sugar Land, TX	Kroger +		100.00	%					71,265		0		0		71,265
River Oaks West	Houston-Baytown-Sugar Land, TX	Barnes & Noble, Talbots, JoS. A. Bank, Ann Taylor, Gap		100.00	%					248,861		0		0		248,861
Sheldon Forest North	Houston-Baytown-Sugar Land, TX	Family Dollar		100.00	%					22,040		0		0		22,040
Sheldon Forest South	Houston-Baytown-Sugar Land, TX	Gerland’s +, Burke’s Outlet		50.00	%		(1	)		37,670		37,670		0		75,340
Shops at Three Corners	Houston-Baytown-Sugar Land, TX	Fiesta +, Office Depot, PetSmart, Ross Dress for Less, Big Lots		70.00	%		(1	)		173,060		74,169		0		247,229

Page 37

Weingarten Realty Investors

Property Listing

As of June 30, 2011


									Gross Leasable Area
Center	CBSA	Anchors	WRI Owned %			Foot Notes			WRI Owned		Joint Venture Share		Owned by Other		Total
Southgate	Houston-Baytown-Sugar Land, TX	Food-A-Rama +, Palais Royal, CVS/pharmacy, Family Dollar		15.00	%		(1	)		18,789		106,471		0		125,260
Spring Plaza	Houston-Baytown-Sugar Land, TX	Sellers Bros. +, Family Dollar		15.00	%		(1	)		8,875		50,291		0		59,166
Stella Link	Houston-Baytown-Sugar Land, TX	Sellers Bros.+, Spec’s Liquor Warehouse, Burke’s Outlet		100.00	%					70,087		0		0		70,087
Studemont	Houston-Baytown-Sugar Land, TX	Fiesta +		100.00	%		(4	)		28,466		0		0		28,466
Ten Blalock Square	Houston-Baytown-Sugar Land, TX	99 Ranch Market +		100.00	%					97,277		0		0		97,277
Village Arcade	Houston-Baytown-Sugar Land, TX	Gap, Baby Gap, Chicos		100.00	%					57,203		0		0		57,203
Village Arcade-Phase II	Houston-Baytown-Sugar Land, TX	Talbots		100.00	%					28,371		0		0		28,371
Village Arcade-Phase III	Houston-Baytown-Sugar Land, TX	Banana Republic, Express, Ann Taylor		100.00	%					107,134		0		0		107,134
Village Plaza at Bunker Hill	Houston-Baytown-Sugar Land, TX	H. E. B. +, PetSmart, Babies “R” Us		57.80	%		(1)(3	)		283,399		207,335		0		490,734
Westchase Center	Houston-Baytown-Sugar Land, TX	Ross Dress for Less, Randall’s +, Golfsmith, Palais Royal, Petco, Target (O.B.O.)		100.00	%					231,477		0		99,550		331,027
Westhill Village	Houston-Baytown-Sugar Land, TX	Ross Dress for Less, Office Depot, 99 Cents Only, Anna’s Linens		100.00	%					130,041		0		0		130,041
Cedar Bayou	Houston-Baytown-Sugar Land, TX	La Marque Fire Dept. (O.B.O.)		100.00	%					14,873		0		30,688		45,561
League City Plaza	Houston-Baytown-Sugar Land, TX	Kroger +		15.00	%		(1	)		19,048		107,942		0		126,990
Rose-Rich	Houston-Baytown-Sugar Land, TX	Family Dollar, Palais Royal		100.00	%					100,096		0		0		100,096
Market at Town Center	Houston-Baytown-Sugar Land, TX	Old Navy, Home Goods, Marshalls, Ross Dress for Less, Nordstrom Rack		100.00	%					386,971		0		0		386,971
Island Market Place	Houston-Baytown-Sugar Land, TX	Food King +		100.00	%		(4	)		27,277		0		0		27,277
Palmer Plaza	Houston-Baytown-Sugar Land, TX	Dollar Tree		100.00	%					96,526		0		99,980		196,506
Killeen Marketplace	Killeen-Temple-Fort Hood, TX	Best Buy, Ross Dress for Less, Staples, Home Depot (O.B.O.)		100.00	%					115,203		0		135,934		251,137
North Creek Plaza	Laredo, TX	Old Navy, Bed Bath & Beyond, Best Buy, Target (O.B.O.), H. E. B. + (O.B.O.), Marshalls		100.00	%					239,477		0		206,463		445,940
Plantation Centre	Laredo, TX	H. E. B. +		100.00	%					134,853		0		0		134,853
Central Plaza	Lubbock, TX	Bed Bath & Beyond, Old Navy, Staples		100.00	%					151,677		0		0		151,677
Angelina Village	Lufkin, TX	Kmart, Conn’s		100.00	%					248,199		0		0		248,199
Las Tiendas Plaza	McAllen-Edinburg-Pharr, TX	Target (O.B.O.), Mervyn’s (O.B.O.), Academy, Conn’s, Ross Dress for Less, Marshalls, Office Depot		50.00	%		(1)(3	)		143,968		143,968		212,132		500,067
Market at Nolana	McAllen-Edinburg-Pharr, TX	Wal-Mart (O.B.O.)		50.00	%		(1)(3	)		20,342		20,342		203,191		243,874
Northcross	McAllen-Edinburg-Pharr, TX	Barnes & Noble		50.00	%		(1)(3	)		37,758		37,758		0		75,517
Old Navy Building	McAllen-Edinburg-Pharr, TX	Old Navy		50.00	%		(1)(3)(4	)		7,500		7,500		0		15,000
South 10th St. HEB	McAllen-Edinburg-Pharr, TX	H. E. B. +		50.00	%		(1)(3	)		51,851		51,851		0		103,702
Market at Sharyland Place	McAllen-Edinburg-Pharr, TX	Wal-Mart (O.B.O.), Kohl’s, Dollar Tree		50.00	%		(1)(3	)		56,456		56,456		188,262		301,174
Sharyland Towne Crossing	McAllen-Edinburg-Pharr, TX	Target (O.B.O.), H. E. B. +, T.J. Maxx, Petco, Office Depot, Ross Dress for Less		50.00	%		(1)(3	)		176,520		176,520		131,909		484,949
Starr Plaza	Rio Grande City, TX	H. E. B. +, Beall’s, Dollar General		50.00	%		(1)(3	)		88,346		88,346		0		176,693
Fiesta Trails	San Antonio, TX	H. E. B. + (O.B.O.), Target (O.B.O.), Act III Theatres, Marshalls, Office Max, SteinMart, Petco, Anna’s Linens		100.00	%					312,370		0		176,000		488,370
Oak Park Village	San Antonio, TX	H. E. B. +		30.00	%		(1	)		19,286		45,001		0		64,287
Parliament Square	San Antonio, TX	Bernina New Home Sewing Center, Anytime Fitness, Family Dollar		100.00	%					64,950		0		0		64,950
Parliament Square II	San Antonio, TX	Incredible Pizza		100.00	%					54,541		0		0		54,541
Thousand Oaks	San Antonio, TX	H. E. B. +, Beall’s, Tuesday Morning		15.00	%		(1	)		24,432		138,450		0		162,882
Valley View	San Antonio, TX	Marshalls, Blockbuster, Dollar Tree		100.00	%					91,544		0		0		91,544
Broadway	Tyler, TX	SteinMart		100.00	%					60,400		0		0		60,400

Texas Total:	# of Properties: 98									9,000,796		3,544,933		2,691,108		15,236,837


Utah

Alpine Valley Center	Provo-Orem, UT	Super Target + (O.B.O.), Old Navy, Justice, Dollar Tree, Office Depot		33.30	%		(1)(3	)		30,382		60,772		133,500		224,654
Taylorsville Town Center	Salt Lake City, UT	The Fresh Market + (O.B.O.), Rite Aid		100.00	%					94,157		0		40,057		134,214
West Jordan Town Center	Salt Lake City, UT	Office Depot, Target (O.B.O.), Petco		100.00	%					182,099		0		122,800		304,899

Utah Total:	# of Properties: 3									306,638		60,772		296,357		663,767

Page 38

Weingarten Realty Investors

Property Listing

As of June 30, 2011


									Gross Leasable Area
Center	CBSA	Anchors	WRI Owned %			Foot Notes			WRI Owned		Joint Venture Share		Owned by Other		Total

Washington
Mukilteo Speedway Center	Seattle-Tacoma-Bellevue, WA	Dollar Tree		20.00	%		(1)(3	)		18,055		72,218		0		90,273
Meridian Town Center	Seattle-Tacoma-Bellevue, WA	Jo-Ann Fabric & Craft Store, Safeway + (O.B.O.)		20.00	%		(1)(3	)		15,533		62,133		65,346		143,012
South Hill Center	Seattle-Tacoma-Bellevue, WA	Best Buy, Bed Bath & Beyond, Ross Dress for Less		20.00	%		(1)(3	)		26,802		107,208		0		134,010
Promenade 23	Seattle-Tacoma-Bellevue, WA	Red Apple Grocers +, Walgreens		100.00	%					96,660		0		0		96,660
Rainer Square Plaza	Seattle-Tacoma-Bellevue, WA	Safeway +, Ross Dress for Less		20.00	%		(1)(3	)		21,485		85,938		0		107,423

Washington Total:	# of Properties: 5									178,535		327,497		65,346		571,378


Industrial
Operating Properties
California
Siempre Viva Business Park	San Diego-Carlsbad et al, CA	Eaton Electrical Inc., Reynolds Logistics Inc., Bose Corporation		20.00	%		(1)(3	)		132,105		528,418		0		660,523

California Total:	# of Properties: 1									132,105		528,418		0		660,523


Florida
Lakeland Industrial Center	Lakeland, FL	Rooms to Go, Publix, Star Distribution, Chep USA		100.00	%					600,000		0		0		600,000
Lakeland Interstate Industrial Park I	Lakeland, FL	Acuity Specialty Products Group, Inc.,		100.00	%					168,400		0		0		168,400
1801 Massaro	Tampa-St. Petersburg et al, FL	MiTek Industries, Inc.,		100.00	%					159,000		0		0		159,000
Hopewell Industrial Center	Tampa-St. Petersburg et al, FL	Parts Depot, Inc., South Dade Automotive		100.00	%					224,483		0		0		224,483
Tampa East Industrial Portfolio	Tampa-St. Petersburg et al, FL	General Electric, Florida Air Conditioning Distrib, HD Supply Plumbing, GE Polymershapes, Creative Recycling Systems		100.00	%					512,923		0		0		512,923

Florida Total:	# of Properties: 5									1,664,806		0		0		1,664,806


Georgia
Atlanta Industrial Park	Atlanta-Sandy Springs et al, GA	Atlantic Chemical & Equip		100.00	%					120,200		0		0		120,200
Atlanta Industrial Park II & VI	Atlanta-Sandy Springs et al, GA	Target Container Co., Sanderson Industries, Inc., GSC Packaging		100.00	%					382,120		0		0		382,120
Riverview Distribution Center	Atlanta-Sandy Springs et al, GA	Chep USA		100.00	%					265,200		0		0		265,200
Sears Logistics	Atlanta-Sandy Springs et al, GA	Sears Logistics Services		20.00	%		(1)(3	)		80,511		322,043		0		402,554
SouthPark 3075	Atlanta-Sandy Springs et al, GA	American Tire Distributors		100.00	%					234,525		0		0		234,525
Southside Industrial Parkway	Atlanta-Sandy Springs et al, GA	Mission Produce		100.00	%					72,000		0		0		72,000
Westlake 125	Atlanta-Sandy Springs et al, GA	Maxwell Chase Technologies, LLC, Nissei ASB Company, Berlin		100.00	%					154,464		0		0		154,464
Kennesaw 75	Atlanta-Sandy Springs et al, GA	Trane, Clorox Services Company, Builders Specialties, LLC		100.00	%					178,467		0		0		178,467
6485 Crescent Drive	Atlanta-Sandy Springs et al, GA	Zurn Industries LLC		20.00	%		(1)(3	)		72,092		288,368		0		360,460

Georgia Total:	# of Properties: 8									1,559,579		610,411		0		2,169,990


Tennessee
Crowfarn Drive Warehouse	Memphis, TN-MS-AR	CMI Freight Transportation, Sergeant’s Pet Care Products		20.00	%		(1)(3	)		31,770		127,079		0		158,849
Outland Business Center	Memphis, TN-MS-AR	Vistar Corporation, Kuehne & Nagel, TricorBraun		20.00	%		(1)(3	)		82,088		328,350		0		410,438
Southpoint I & II	Memphis, TN-MS-AR	AF Services, Sunnywood Products, Inc., Wynit		100.00	%					570,940		0		0		570,940

Tennessee Total:	# of Properties: 3									684,798		455,429		0		1,140,227


Texas
Braker 2 Business Center	Austin-Round Rock, TX	Home Team Pest Defense, MJC Electronics Corporation		100.00	%					27,359		0		0		27,359
Corporate Center Park I and II	Austin-Round Rock, TX	Phoenix Lamar Corp, CenTex Independent Electrical, Schindler Elevator		100.00	%					120,681		0		0		120,681
Oak Hills Industrial Park	Austin-Round Rock, TX	Terracon, Inc., Illumitex		100.00	%					89,858		0		0		89,858
Rutland 10 Business Center	Austin-Round Rock, TX	Media Event Concepts, Inc., Stellar Micro Devices		100.00	%					54,000		0		0		54,000
Southpark A,B,C	Austin-Round Rock, TX	Texas EZ Pawn		100.00	%					78,276		0		0		78,276
Southpoint Service Center	Austin-Round Rock, TX	Green Building Energy Services		100.00	%					58,297		0		0		58,297
Midpoint I-20 Distribution Center	Dallas-Fort Worth-Arlington, TX	Tred-It Tire & Wheel, Amercian Medical Response, Vic Thompson		100.00	%					253,165		0		0		253,165
Randol Mill Place	Dallas-Fort Worth-Arlington, TX	Protech Electronics, Inc., Premier Products		100.00	%					54,639		0		0		54,639

Page 39

Weingarten Realty Investors

Property Listing

As of June 30, 2011


									Gross Leasable Area
Center	CBSA	Anchors	WRI Owned %			Foot Notes			WRI Owned		Joint Venture Share		Owned by Other		Total
1625 Diplomat Drive	Dallas-Fort Worth-Arlington, TX	Rooftop Systems, Inc.		100.00	%					106,140		0		0		106,140
Midway Business Center	Dallas-Fort Worth-Arlington, TX	Luxury of Leather, Jet Pay, LLC		100.00	%					141,246		0		0		141,246
Manana Office Center	Dallas-Fort Worth-Arlington, TX	Dave & Busters, All-Tex Supply, Lewis-Goetz and Company		100.00	%					223,128		0		0		223,128
Newkirk Service Center	Dallas-Fort Worth-Arlington, TX	Restaurant Technologies, Corporate Meeting Services		100.00	%					105,892		0		0		105,892
Northeast Crossing Office/Service Center	Dallas-Fort Worth-Arlington, TX	ASCOA - Ambulatory Surgical Center, Capital Title of Texas		100.00	%					78,700		0		0		78,700
Redbird Distribution Center	Dallas-Fort Worth-Arlington, TX	Maco Builders Cabinet Group		100.00	%					110,839		0		0		110,839
Regal Distribution Center	Dallas-Fort Worth-Arlington, TX	General Insulation Company, Parkland Health & Hosp System, BKM Total Office of Texas, L.P., Aero-Med, Ltd.		100.00	%					202,559		0		0		202,559
Space Center Industrial Park	Dallas-Fort Worth-Arlington, TX	Facility Interiors, Inc., Wilson Office Interiors		100.00	%					264,582		0		0		264,582
McGraw Hill Distribution Center	Dallas-Fort Worth-Arlington, TX	McGraw Hill Companies, Inc.		100.00	%					417,938		0		0		417,938
Freeport Commerce Center	Dallas-Fort Worth-Arlington, TX	McGraw Hill Companies, Inc., TKS (U.S.A.), Inc.		100.00	%					50,590		0		0		50,590
Central Plano Business Park	Dallas-Fort Worth-Arlington, TX	Underwriters Laboratories, Motion Dynamics		100.00	%					137,785		0		0		137,785
Jupiter Business Park	Dallas-Fort Worth-Arlington, TX	Ericsson Radio Systems		100.00	%					189,532		0		0		189,532
Jupiter Service Center	Dallas-Fort Worth-Arlington, TX	Interceramic Tile, Gemaire Distributors		100.00	%					78,480		0		0		78,480
Sherman Plaza Business Park	Dallas-Fort Worth-Arlington, TX	Weingarten Realty Regional Office, Quadravox, Inc.		100.00	%					101,140		0		0		101,140
610 and 11th St. Warehouse	Houston-Baytown-Sugar Land, TX	Iron Mountain		20.00	%		(1)(3	)		48,728		194,914		0		243,642
610 and 11th St. Warehouse	Houston-Baytown-Sugar Land, TX	Prefco Corp.		100.00	%					104,975		0		0		104,975
610/288 Business Park	Houston-Baytown-Sugar Land, TX	Palmer Logistics, Dupuy Storage		20.00	%		(1)(3	)		59,060		236,240		0		295,300
Beltway 8 Business Park	Houston-Baytown-Sugar Land, TX	Premier Home Technology		100.00	%					157,498		0		0		157,498
Blankenship Building	Houston-Baytown-Sugar Land, TX	Star Displays		100.00	%					59,718		0		0		59,718
Brookhollow Business Center	Houston-Baytown-Sugar Land, TX	YMCA of Greater Houston, Surgeon’s Management, Houston Digital Instruments		100.00	%					133,970		0		0		133,970
Claywood Industrial Park	Houston-Baytown-Sugar Land, TX	Pioneer Distribution Center, Packaging Corporation of America		100.00	%					101,125		0		200,850		301,975
Crestview	Houston-Baytown-Sugar Land, TX	Creative Connection		100.00	%					8,970		0		0		8,970
Crosspoint Warehouse	Houston-Baytown-Sugar Land, TX	Foam Enterprises, LLC		100.00	%					72,505		0		0		72,505
Houston Cold Storage Warehouse	Houston-Baytown-Sugar Land, TX	Houston Central Industries, Inc.		100.00	%					128,752		0		0		128,752
Kempwood Industrial	Houston-Baytown-Sugar Land, TX	Pioneer Contract Services		100.00	%					113,218		0		0		113,218
Kempwood Industrial	Houston-Baytown-Sugar Land, TX	Pioneer Contract Services, Veritas Geophysical Corporation		20.00	%		(1)(3	)		43,898		175,591		0		219,489
Lathrop Warehouse	Houston-Baytown-Sugar Land, TX	United D.C., Inc.		20.00	%		(1)(3	)		50,378		201,512		0		251,890
Navigation Business Park	Houston-Baytown-Sugar Land, TX	Genesis Worldwide Logistics		20.00	%		(1)(3	)		47,603		190,411		0		238,014
Northway Park II	Houston-Baytown-Sugar Land, TX	Jet Lube, Inc., South Texas Bolt & Fitting, Custom Polymers		20.00	%		(1)(3	)		60,715		242,862		0		303,577
Railwood F	Houston-Baytown-Sugar Land, TX	Shell Oil Company		20.00	%		(1)(3	)		60,000		240,000		0		300,000
Railwood G	Houston-Baytown-Sugar Land, TX	Global Stainless Supply, Inc.		50.00	%		(1)(3	)		105,425		105,425		0		210,850
Railwood Industrial Park	Houston-Baytown-Sugar Land, TX	Distribution International SW, AJ Logistics, YRC Logistics Services		100.00	%					402,680		0		0		402,680
Railwood Industrial Park	Houston-Baytown-Sugar Land, TX	Val-Fit Inc., Georgia Gulf Chemicals & Vinyl		20.00	%		(1)(3	)		99,531		398,125		0		497,656
Southport Business Park 5	Houston-Baytown-Sugar Land, TX	Surface Preparation - Texas, LLC, Birch Plastics, Soltex Inc.		100.00	%					160,011		0		0		160,011
Stonecrest Business Center	Houston-Baytown-Sugar Land, TX	Alpha Omega Caseworks		100.00	%					110,861		0		0		110,861
Town & Country Commerce Center	Houston-Baytown-Sugar Land, TX	Arizona Tile, Seitel		100.00	%					206,056		0		0		206,056
West 10 Business Center II	Houston-Baytown-Sugar Land, TX	Summers Group, Inc.		100.00	%					82,658		0		0		82,658
West Loop Commerce Center	Houston-Baytown-Sugar Land, TX	Inter-Tel Technologies		100.00	%					35,886		0		0		35,886
West-10 Business Center	Houston-Baytown-Sugar Land, TX	Network-Interstate Co.		100.00	%					99,883		0		0		99,883
Westgate Service Center	Houston-Baytown-Sugar Land, TX	Welltec, Inc., 3M Company, CAS Holdings, Inc.		100.00	%					123,902		0		0		123,902
Freeport Business Center	Houston-Baytown-Sugar Land, TX	Yokagawa, Life-Tech, PSI Group		100.00	%					251,645		0		0		251,645
Crosswinds Distribution Center	San Antonio, TX	American Tile Supply		100.00	%					142,403		0		0		142,403
Interwest Business Park	San Antonio, TX	All-American Sports, Gell Service Company, Inc., Goodman Manufacturing Company, L.P.		100.00	%					219,244		0		0		219,244
Isom Business Park	San Antonio, TX	Gate Gourmet, Wells Fargo Bank, Colour Solutions		100.00	%					175,200		0		0		175,200
O’Connor Road Business Park	San Antonio, TX	Ingersoll Rand, TD Industries		100.00	%					150,091		0		0		150,091

Texas Total:	# of Properties: 51									6,561,415		1,985,080		200,850		8,747,345

Page 40

Weingarten Realty Investors

Property Listing

As of June 30, 2011


									Gross Leasable Area
Center	CBSA	Anchors	WRI Owned %			Foot Notes			WRI Owned		Joint Venture Share		Owned by Other		Total

Virginia
Enterchange at Northlake A	Richmond, VA	FedEx, Owens & Minor		100.00	%					215,191		0		0		215,191
Enterchange at Northlake C	Richmond, VA	Techturn, International Paper Company, The Kane Company, Wholesale Millwork		20.00	%		(1)(3	)		58,623		234,492		0		293,115
Enterchange at Meadowville	Richmond, VA	United States Army		20.00	%		(1)(3	)		45,362		181,447		0		226,809
Enterchange at Walthall A & B	Richmond, VA	Mazda Motors of America, Inc., Xymid LLC, HCA Richmond Division Inc.		20.00	%		(1)(3	)		121,336		485,343		0		606,679
Enterchange at Walthall C	Richmond, VA	Hill Phoenix, PSS World Medical		20.00	%		(1)(3	)		52,384		209,538		0		261,922
Enterchange at Walthall D	Richmond, VA	Saddle Creek, Recall Total Info Manager, Jim’s Formal Wear		100.00	%					287,318		0		0		287,318
Interport Business Center A	Richmond, VA	Wyeth-Ayerst Pharmaceuticals, Triple Play Services Inc., Anderson News, LLC		20.00	%		(1)(3	)		88,204		352,814		0		441,018
Interport Business Center B	Richmond, VA	Mid South Building Supply, Inc., CEVA Freight LLC, Commonwealth of Virginia Department of Taxation		20.00	%		(1)(3	)		23,600		94,400		0		118,000
Interport Business Center C	Richmond, VA	Sears Home Improvement Products, Inc., Ferguson Enterprise, Inc.		20.00	%		(1)(3	)		10,977		43,908		0		54,885

Virginia Total:	# of Properties: 9									902,995		1,601,942		0		2,504,937


Other
Operating Properties

Arizona
Arcadia Biltmore Plaza	Phoenix-Mesa-Scottsdale, AZ	Endurance Rehab, Weingarten Realty Regional Office		100.00	%					21,122		0		0		21,122

Arizona Total:	# of Properties: 1									21,122		0		0		21,122


Texas
1919 North Loop West	Houston-Baytown-Sugar Land, TX	State of Texas, Weingarten Realty Regional Office		100.00	%					138,181		0		0		138,181
Citadel Plaza	Houston-Baytown-Sugar Land, TX	Weingarten Realty Investors Corporate Office		100.00	%					121,000		0		0		121,000

Texas Total:	# of Properties: 2									259,181		0		0		259,181


Total Operating Properties	# of Properties: 386									43,766,483		14,684,667		12,276,840		70,727,984

New Development
Colorado
River Point at Sheridan	Denver-Aurora, CO	50.00%					(1)(2	)		52,331		52,331		331,174		435,836
The Gardens on Havana	Denver-Aurora, CO	39.80%					(1)(2)(3	)		319,478		483,432		143,697		946,607

Colorado Total:	# of Properties: 2									371,809		535,763		474,871		1,382,443


Florida
Clermont Landing	Orlando, FL	55.00%					(1)(2)(3	)		78,806		64,477		104,175		247,458

Florida Total:	# of Properties: 1									78,806		64,477		104,175		247,458


Georgia
Dacula Marketplace	Atlanta-Sandy Springs et al, GA	100.00%					(2	)		2,600		0		92,803		95,403

Georgia Total:	# of Properties: 1									2,600		0		92,803		95,403


North Carolina
Surf City Crossing	Wilmington, NC	100.00%					(2	)		53,776		0		0		53,776
Waterford Village	Wilmington, NC	100.00%					(2	)		79,139		0		0		79,139

North Carolina Total:	# of Properties: 2									132,915		0		0		132,915


Tennessee
Ridgeway Trace	Memphis, TN-MS-AR	100.00%					(2	)		140,271		0		137,740		278,011

Tennessee Total:	# of Properties: 1									140,271		0		137,740		278,011

Page 41

Weingarten Realty Investors

Property Listing

As of June 30, 2011


									Gross Leasable Area
Center	CBSA	Anchors	WRI Owned %			Foot Notes			WRI Owned		Joint Venture Share		Owned by Other		Total

Texas
North Towne Plaza	Brownsville-Harlingen, TX			100.00	%		(2	)		11,600		0		117,000		128,600
Tomball Marketplace	Houston-Baytown-Sugar Land, TX			100.00	%		(2	)		69,750		0		85,000		154,750
Westwood Center	San Antonio, TX			100.00	%		(2	)		33,080		0		9,005		42,085

Texas Total:	# of Properties: 3									114,430		0		211,005		325,435


Utah
300 West	Salt Lake City, UT			31.80	%		(1)(2)(3	)		12,237		26,209		138,803		177,249

Utah Total:	# of Properties: 1									12,237		26,209		138,803		177,249

Total New Developments	# of Properties: 11									853,068		626,449		1,159,397		2,638,914

Unimproved Land
Arizona
Bullhead Parkway at State Route 95, Bullhead City																312,761
Lon Adams Rd at Tangerine Farms Rd, Marana																422,532
Southern Avenue and Signal Butte Road, Mesa																90,605

Arizona Total:																825,898


California
Bear Valley Road at Jess Ranch Parkway Phase II, Apple Valley																138,956
Bear Valley Road at Jess Ranch Parkway Phase III, Apple Valley																473,497

California Total:																612,453


Colorado
Mississippi at Havana, Aurora																669,953
Highway 85 and Highway 285, Sheridan																1,003,187

Colorado Total:																1,673,140


Florida
Young Pines and Curry Ford Rd, Orange County																132,422
State Road 100 & Belle Terre Parkway, Palm Coast																292,288
SR 207 at Rolling Hills Dr, St. Augustine																228,254

Florida Total:																652,964


Georgia
NWC South Fulton Parkway @ Hwy 92, Union City																3,554,496

Georgia Total:																3,554,496


Louisiana
Ambassador Caffery at W. Congress, Lafayette																34,848
70th St. at Mansfield Rd., Shreveport																41,818

Louisiana Total:																76,666


Nevada
SWC Highway 215 at Decatur, Las Vegas																707,414

Nevada Total:																707,414


North Carolina
U.S. Hwy 17 & U.S. Hwy 74/76, Leland																549,727
Creedmoor (Highway 50) and Crabtree Valley Avenue, Raleigh																510,959
U.S. 15-501 and Bruce Wood Rd, Southern Pines																1,047,182
Highway 17 and Highway 210, Surf City																2,024,233

Page 42

Weingarten Realty Investors

Property Listing

As of June 30, 2011

Gross Leasable Area

Center

CBSA

Anchors

WRI
Owned %

Foot
Notes

WRI
Owned

Joint
Venture
Share

Owned by
Other

Total

U.S. Highway 1 at Caveness Farms Rd., Wake Forest

3,074,900

North Carolina Total:

7,207,001

Tennessee

Poplar Avenue and Ridgeway Road, Memphis

53,579

Tennessee Total:

53,579

Texas

U.S. 77 and 83 at SHFM 802, Brownsville

954,835

Rock Prairie Rd. at Hwy. 6, College Station

394,218

River Pointe Drive at Interstate 45, Conroe

118,483

Leslie Rd. at Bandera Rd., Helotes

74,052

Bissonnet at Wilcrest, Houston

40,946

Citadel Plaza at 610 North Loop, Houston

137,214

East Orem, Houston

121,968

Kirkwood at Dashwood Drive, Houston

321,908

Mesa Road at Tidwell, Houston

35,719

Northwest Freeway at Gessner, Houston

117,612

West Little York at Interstate 45, Houston

161,172

West Loop North at Interstate 10, Houston

145,055

Nolana Ave and 29th St., McAllen

163,350

Shary Rd. at North Hwy. 83, Mission

1,607,364

9th Ave. at 25th St., Port Arthur

243,065

Culebra Road and Westwood Loop, San Antonio

403,366

FM 1957 (Potranco Road) and FM 211, San Antonio

8,655,372

SH 151 and Ingram Rd, San Antonio

369,389

US Hwy 281 at Wilderness Oaks, San Antonio

1,269,774

Highway 3 at Highway 1765, Texas City

200,812

FM 2920 and Highway 249, Tomball

459,776

Texas Total:

15,995,450

Utah

South 300 West & West Paxton Avenue, Salt Lake City

235,224

Utah Total:

235,224

Total Unimproved Land

31,594,285

Page 43

Other Topics of Interest

Weingarten Realty Investors

Supplemental Leasing Information at Pro rata Share

(in thousands)


	# of Units		Rental Revenue		% of Rental Revenue			Square Feet
Blockbuster Summary
As of 3/31/11		25		2,586		0.43	%		123

Terminated		-9		-797		-0.14	%		-40

Assumed Units as of 6/30/11		16		1,789		0.29	%		83


Borders Summary (includes 1 Walden Books)
As of 12/31/10		6		2,519		0.45	%		125

Terminated		-2		-1076		-0.19	%		-48

Remaining units 6/30/11		4		1,443		0.26	%		77

Page 45

WEINGARTEN REALTY INVESTORS /TX/ - FORM 8-K - EX-99.2 - SUPPLEMENT FINANCIAL INFORMATION - August 4, 2011

Attached files

WEINGARTEN REALTY INVESTORS /TX/ Reports