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

 
 

 

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
 
   
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 (by Stabilization)
10
 
Land Held for Development
11
 
Disposition and Acquistion 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, 2010, we owned or operated under long-term leases, interests in 376 developed income-producing properties and 10 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 306 shopping centers, 77 industrial projects, and 3 other operating properties.  Our interests in these properties aggregated approximately 43.6 million square feet of leasable area.  Our properties were 90.8% leased as of June 30, 2010, and historically our portfolio occupancy rate has never been below 90%.
                   
                   
Corporate Office
               
                   
 
2600 Citadel Plaza Drive
               
 
P. O. Box 924133
               
 
Houston, TX 77292-4133
               
 
713-866-6000
               
 
www.weingarten.com
               
                   
                   
Regional Offices
               
                   
 
Atlanta, GA
               
 
Dallas, TX
               
 
Ft. Lauderdale, FL
               
 
Las Vegas, NV
               
 
Los Angeles, CA
               
 
Orlando, FL
               
 
Phoenix, AZ
               
 
Raleigh, NC
               
 
Sacramento, CA
               
 
Denver, CO
               
                   
                   
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.


 
Page 1

 

                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
Financial Summary
 
 
                       
                       
                       
                       
                       
                       
                       
                       
                       
                   
                       
                   
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       


 
 

 

Weingarten Realty Investors
 
Condensed Consolidated Statements of Income
 
(in thousands, except per share amounts)
 
                                                 
   
Three Months Ended
   
Six Months Ended
                         
   
June 30,
   
June 30,
   
Twelve Months Ended December 31,
 
   
2010
   
2009
   
2010
   
2009
   
2009
   
2008
   
2007
   
2006
 
                                                 
Revenues:
                                               
Rentals, net
  $ 135,281     $ 139,066     $ 269,400     $ 279,385     $ 554,014     $ 578,859     $ 547,949     $ 494,609  
Other
    3,480       3,349       6,497       7,364       17,974       13,788       13,150       6,656  
Total
    138,761       142,415       275,897       286,749       571,988       592,647       561,099       501,265  
                                                                 
Expenses:
                                                               
Depreciation and amortization
    37,994       37,252       74,143       74,791       147,876       149,795       122,228       111,617  
Operating
    25,719       26,766       51,698       49,804       102,936       113,472       99,586       81,765  
Ad valorem taxes, net
    16,401       18,408       33,323       36,372       70,668       70,608       64,347       58,354  
Impairment loss
    15,825               16,061               34,983       52,539                  
General and administrative
    6,069       7,020       12,660       13,020       25,930       25,761       26,979       23,801  
Total
    102,008       89,446       187,885       173,987       382,393       412,175       313,140       275,537  
                                                                 
Operating Income
    36,753       52,969       88,012       112,762       189,595       180,472       247,959       225,728  
Interest Expense, net
    (37,466 )     (39,377 )     (75,083 )     (78,816 )     (153,207 )     (156,318 )     (156,248 )     (148,052 )
Interest and Other Income, net
    972       3,645       3,835       4,908       11,427       4,333       8,483       9,043  
Equity in Earnings of Real Estate Joint Ventures and Partnerships, net (a)
    2,630       3,884       5,866       7,546       5,548       12,196       19,853       14,655  
(Loss) Gain on Redemption of Convertible Senior Unsecured Notes
    (135 )     8,858       (135 )     8,858       25,311       12,961                  
Gain on Land and Merchant Development Sales
            4,006               18,128       18,688       8,342       16,385       7,166  
Benefit (Provision) for Income Taxes
    301       2,257       (175 )     (2,707 )     (6,337 )     10,220       (4,073 )     (1,366 )
Income from Continuing Operations
    3,055       36,242       22,320       70,679       91,025       72,206       132,359       107,174  
Operating Income from Discontinued Operations
    3       1,810       12       3,950       3,220       11,669       20,234       33,079  
Gain on Sale of Property from Discontinued Operations
    618       6,248       618       6,987       55,765       68,722       83,659       145,494  
Income from Discontinued Operations
    621       8,058       630       10,937       58,985       80,391       103,893       178,573  
(Loss) Gain on Sale of Property
    (6 )     4,886       842       11,380       25,266       1,998       4,086       22,493  
Net Income
    3,670       49,186       23,792       92,996       175,276       154,595       240,338       308,240  
Less:        Net Income Attributable to Noncontrolling Interests     (367 )     (1,079 )     (1,381 )     (2,874 )     (4,174 )     (8,943 )     (10,237 )     (6,414 )
Net Income Adjusted for Noncontrolling Interests
    3,303       48,107       22,411       90,122       171,102       145,652       230,101       301,826  
Preferred Share Dividends
    (8,869 )     (8,869 )     (17,738 )     (17,738 )     (35,476 )     (34,711 )     (25,375 )     (10,101 )
Redemption Costs of Preferred Shares
                                            (1,850 )                
Net (Loss) Income Attributable to Common Shareholders
  $ (5,566 )   $ 39,238     $ 4,673     $ 72,384     $ 135,626     $ 109,091     $ 204,726     $ 291,725  
Earnings Per Common Share - Basic
  $ (0.05 )   $ 0.35     $ 0.04     $ 0.73     $ 1.24     $ 1.29     $ 2.39     $ 3.33  
Earnings Per Common Share - Diluted
  $ (0.05 )   $ 0.35     $ 0.04     $ 0.72     $ 1.23     $ 1.28     $ 2.35     $ 3.24  
                                                                 
(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,
   
December 31,
 
   
2010
   
2009
 
ASSETS
           
             
Property
  $ 4,673,423     $ 4,658,396  
Accumulated Depreciation
    (910,829 )     (856,281 )
Property, net
    3,762,594       3,802,115  
                 
Investment in Real Estate Joint Ventures and Partnerships, net (a)
    313,887       315,248  
Total
    4,076,481       4,117,363  
                 
Notes Receivable from Real Estate Joint Ventures and Partnerships
    187,855       317,838  
Unamortized Debt and Lease Costs, net
    110,624       103,396  
Accrued Rent and Accounts Receivable (net of allowance for doubtful accounts of $10,168 in 2010 and $10,380 in 2009)
    84,400       96,372  
Cash and Cash Equivalents
    77,978       153,584  
Restricted Deposits and Mortgage Escrows
    11,726       12,778  
Other, net
    248,281       89,054  
Total
  $ 4,797,345     $ 4,890,385  
                 
LIABILITIES AND EQUITY
               
                 
Debt, net
  $ 2,544,607     $ 2,531,847  
Accounts Payable and Accrued Expenses
    120,575       137,727  
Other, net
    100,664       114,155  
Total
    2,765,846       2,783,729  
                 
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 2010 and 2009; liquidation preference $75,000
    3       3  
6.95% Series E cumulative redeemable preferred shares of beneficial interest; 29 shares issued and outstanding in 2010 and 2009; liquidation preference $72,500
    1       1  
6.5% Series F cumulative redeemable preferred shares of beneficial interest; 140 shares issued and outstanding in 2010 and 2009; liquidation preference $350,000
    4       4  
Common Shares of Beneficial Interest - par value, $.03 per share; shares authorized: 275,000; shares issued and outstanding:  120,387 in 2010 and 120,098 in 2009
    3,624       3,615  
Accumulated Additional Paid-In Capital
    1,964,746       1,958,975  
Net Income Less Than Accumulated Dividends
    (95,207 )     (37,350 )
Accumulated Other Comprehensive Loss
    (22,630 )     (23,958 )
Shareholders' Equity
    1,850,541       1,901,290  
Noncontrolling Interests
    180,958       205,366  
Total Equity
    2,031,499       2,106,656  
Total
  $ 4,797,345     $ 4,890,385  
 
 
(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
   
Six Months Ended
 
   
June 30,
   
June 30,
 
   
2010
   
2009
   
2010
   
2009
 
Funds from Operations
                       
Numerator:
                       
Net (loss) income attributable to common shareholders
  $ (5,566 )   $ 39,238     $ 4,673     $ 72,384  
Depreciation and amortization
    35,734       36,637       70,188       73,800  
Depreciation and amortization of unconsolidated real estate joint ventures and partnerships
    4,922       4,425       9,945       8,565  
Gain on sale of property
    (618 )     (11,124 )     (1,461 )     (18,353 )
(Gain) loss on sale of property of unconsolidated real estate joint ventures and partnerships
    (1 )             1       (4 )
Funds from Operations - Basic
    34,471       69,176       83,346       136,392  
Funds from operations attributable to operating partnership units
            489                  
Funds from Operations - Diluted
  $ 34,471     $ 69,665     $ 83,346     $ 136,392  
Non-cash impairment loss (1)
    15,940       731       16,176       731  
Funds from Operations before Impairment Loss
  $ 50,411     $ 70,396     $ 99,522     $ 137,123  
                                 
Denominator:
                               
Weighted average shares outstanding - Basic
    119,936       111,840       119,858       99,478  
Effect of dilutive securities:
                               
Share options and awards
            486       797       455  
Operating partnership units
            2,102                  
Weighted average shares outstanding - Diluted
    119,936       114,428       120,655       99,933  
                                 
Funds from Operations per Share - Basic
  $ 0.29     $ 0.62     $ 0.70     $ 1.37  
                                 
Funds from Operations Per Share - Diluted
  $ 0.29     $ 0.61     $ 0.69     $ 1.36  
                                 
Growth in Funds from Operations per Share - Diluted
            -52.5 %             -49.3 %
                                 
Funds from Operations before Impairment Loss per Share - Diluted
  $ 0.42     $ 0.62     $ 0.82     $ 1.37  
                                 
   
                                 
Dividends
                               
Common Dividends per Share
  $ 0.260     $ 0.250     $ 0.520     $ 0.775  
                                 
Common Dividends Paid as a % of Funds from Operations
    90.8 %     43.3 %     75.0 %     55.6 %
   
                                 
General and Administrative Expenses
                               
General and Administrative Expenses/Total Revenue
    4.4 %     4.9 %     4.6 %     4.5 %
                                 
General and Administrative Expenses/Total Assets before Depreciation
    0.11 %     0.12 %     0.22 %     0.22 %
                                 
(1)  Non-cash impairment loss includes impairments from continuing operations, discontinued operations and our share of unconsolidated real estate joint ventures and partnerships.
 
                                 
                                 
The National Association of Real Estate Investment Trusts defines funds from operations 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 5

 

Weingarten Realty Investors
 
Supplemental Income Statement Detail
 
(in thousands)
 
                         
   
Three Months Ended
   
Six Months Ended
 
   
June 30,
   
June 30,
 
   
2010
   
2009
   
2010
   
2009
 
Rentals, net
                       
Base minimum rent, net
  $ 104,145     $ 106,258     $ 206,782     $ 214,274  
Straight line rent
    1,751       2,431       4,538       4,334  
Over/Under-market rentals, net
    498       569       757       1,409  
Percentage rent
    1,049       916       1,993       1,900  
Tenant reimbursements
    27,838       28,892       55,330       57,468  
Total
  $ 135,281     $ 139,066     $ 269,400     $ 279,385  
   
Fee Income from Real Estate Joint Ventures and Partnerships
                               
Recurring
  $ 1,649     $ 1,437     $ 3,416     $ 3,154  
Non-Recurring
                            63  
Total
  $ 1,649     $ 1,437     $ 3,416     $ 3,217  
   
Interest Expense, net
                               
Interest paid or accrued
  $ 38,679     $ 41,453     $ 77,765     $ 83,052  
Over-market mortgage adjustment of acquired properties, net
    (899 )     (1,064 )     (1,809 )     (2,105 )
Amortization of convertible bond discount
    555       1,810       1,119       3,888  
Gross interest expense
    38,335       42,199       77,075       84,835  
Less:
                               
Capitalized interest
    (869 )     (2,822 )     (1,992 )     (6,019 )
Total
  $ 37,466     $ 39,377     $ 75,083     $ 78,816  
   
Interest and Other Income, net
                               
Interest income from joint ventures (primarily construction loans)
  $ 916     $ 1,175     $ 2,353     $ 2,034  
Deferred compensation interest income (loss)
    (853 )     1,463       (371 )     1,099  
Other
    909       1,007       1,853       1,775  
Total
  $ 972     $ 3,645     $ 3,835     $ 4,908  
   
                                 
Supplemental Analyst Information
                               
                                 
Net Operating Income including Joint Ventures
                               
Revenues
  $ 138,761     $ 142,415     $ 275,897     $ 286,749  
Operating expense
    (25,719 )     (26,766 )     (51,698 )     (49,804 )
Ad valorem taxes
    (16,401 )     (18,408 )     (33,323 )     (36,372 )
Total
    96,641       97,241       190,876       200,573  
                                 
Net Operating Income from Discontinued Operations
    6       4,008       19       7,638  
                                 
Minority Interests Share of Net Operating Income and Other Adjustments
    (6,176 )     (5,534 )     (12,051 )     (11,015 )
Pro rata Income From Consolidated Ventures
    90,471       95,715       178,844       197,196  
                                 
Pro rata share of Unconsolidated Joint Ventures
                               
Revenues
    14,485       14,024       29,254       27,447  
Operating Expense
    (2,416 )     (2,570 )     (5,005 )     (4,740 )
Ad valorem taxes
    (1,994 )     (1,621 )     (3,813 )     (3,418 )
Total
    10,075       9,833       20,436       19,289  
                                 
Net Operating Income including Joint Ventures
  $ 100,546     $ 105,548     $ 199,280     $ 216,485  
   
Equity in Earnings of Real Estate Joint Ventures and Partnerships, net
                               
Net income from unconsolidated real estate joint ventures and partnerships
  $ 1,735     $ 2,174     $ 3,376     $ 4,557  
Intercompany fee income reclass
    1,253       1,617       3,058       2,965  
Other adjustments
    (358 )     93       (568 )     24  
Equity in earnings of real estate joint ventures and partnerships, net
  $ 2,630     $ 3,884     $ 5,866     $ 7,546  
                                 


 
Page 6

 
 
 

Weingarten Realty Investors
 
Supplemental Balance Sheet Detail
 
(in thousands)
 
             
   
June 30,
   
December 31,
 
   
2010
   
2009
 
Property
           
Land
  $ 889,621     $ 896,010  
Land held for development
    197,615       182,586  
Land under development
    45,729       32,709  
Buildings and improvements
    3,482,621       3,437,578  
Construction in-progress
    57,837       109,513  
Total
  $ 4,673,423     $ 4,658,396  
   
                 
Straight Line Rent Receivable
  $ 55,499     $ 51,465  
   
                 
Other Assets, net
               
Notes receivable and mortgage bonds, net
  $ 96,218     $ 45,922  
Debt service guaranty asset
    97,000          
Non-qualified benefit plan assets
    12,982       13,897  
Out-of-market rentals, net
    5,713       5,807  
Deferred income tax asset
    11,917       11,434  
Interest rate derivative
    11,859       2,601  
Other
    12,592       9,393  
Total
  $ 248,281     $ 89,054  
   
                 
Other Liabilities, net
               
Deferred revenue
  $ 16,989     $ 18,806  
Non-qualified plan benefit liabilities
    35,609       37,205  
Deferred income tax payable
    6,863       6,993  
Out-of-market rentals, net
    13,097       15,157  
Interest rate derivative
    117       4,634  
Other
    27,989       31,360  
Total
  $ 100,664     $ 114,155  
   
                 
Identified Intangible Assets and Liabilities
               
Identified Intangible Assets:
               
Above-market leases (included in Other Assets, net)
  $ 15,530     $ 17,278  
Above-market leases - Accumulated Amortization
    (9,817 )     (11,471 )
Below-market assumed Mortgages (included in Debt, net)
    4,051       2,072  
Below-market assumed Mortgages - Accumulated Amortization
    (961 )     (805 )
Valuation of in place leases (included in Unamortized Debt and Lease Costs, net)
    61,360       57,610  
Valuation of in place leases - Accumulated Amortization
    (33,584 )     (32,361 )
Total
  $ 36,579     $ 32,323  
                 
Identified Intangible Liabilities:
               
Below-market leases (included in Other Liabilities, net)
  $ 35,095     $ 36,951  
Below-market leases - Accumulated Amortization
    (21,998 )     (21,794 )
Above-market assumed mortgages (included in Debt, net)
    47,764       52,171  
Above-market assumed mortgages - Accumulated Amortization
    (29,829 )     (31,329 )
Total
  $ 31,032     $ 35,999  

 
 
 
 
Page 7

 


Weingarten Realty Investors
 
Capitalization and Coverage Ratios
 
(in thousands, except common share data and percentages)
 
             
   
June 30,
   
December 31,
 
   
2010
   
2009
 
             
Common Share Data
           
Closing Market Price
  $ 19.05     $ 19.79  
                 
Dividend Yield
    5.46 %     5.05 %
                 
90-Day, Average Daily Trading Volume
    1,302,031       1,407,967  
   
Capitalization (As reported)
               
Debt
  $ 2,544,607     $ 2,531,847  
Preferred Shares
    497,500       497,500  
Common Shares at Market
    2,293,372       2,376,739  
Operating Partnership Units at Market
    31,585       33,445  
Total Market Capitalization
  $ 5,367,064     $ 5,439,531  
                 
Debt to Total Market Capitalization
    47.4 %     46.5 %
                 
Capitalization (Pro rata)
               
Debt
  $ 2,409,965     $ 2,486,535  
Preferred Shares
    497,500       497,500  
Common Shares at Market
    2,293,372       2,376,739  
Operating Partnership Units at Market
    31,585       33,445  
Total Market Capitalization
  $ 5,232,422     $ 5,394,219  
                 
Debt to Total Market Capitalization
    46.1 %     46.1 %
   
Capital Availability
               
Total Revolver Capacity
  $ 500,000     $ 575,000  
Revolver Balance Outstanding
               
Outstanding Letters of Credit under Revolver
    8,330       7,185  
   Unused Portion of Revolving Line of Credit
  $ 491,670     $ 567,815  
                 
Coverage Ratios (at Pro rata Share trailing 4 quarters)
               
Fixed Charge Coverage
    2.08 x     2.19 x
Interest Coverage
    2.48 x     2.61 x
Debt Service Coverage
    2.36 x     2.47 x
   
Net Debt to Adjusted EBITDA
    6.51 x     6.04 x
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
 
Negative
   
Stable
 


 
Page 8

 

                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
Investment Activity
 
 
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       

 

 
 

 

Weingarten Realty Investors
 
New Development Properties (By Stabilization)
 
As of June 30, 2010
 
(in thousands at pro rata share, except percentages)
 
                                                                           
                                         
Pro
   
Pro
    Total           YTD  
                 
Total Square Feet
   
Percent Leased
   
Rata
   
Rata
   
Estimated
    Est.    
 2010
 
           
WRI
   
of Building Area (1)
   
Net
         
Spent
   
Spent
    Investment (2)    
Final
   
Pro
 
    Center       Own                 @          
Year-To-
   
Inception
    WRI     Gross    
ROI
   
Rata
 
   
Name
Location
Anchors
 
%
   
Gross
   
Net
     100%    
Gross
   
Date
   
to Date
   
Costs
   
Costs
   
%
   
NOI $
 
                                                                           
UNDER DEVELOPMENT
                                                                     
                                                                           
 1  
Clermont Landing Phase 1*
Clermont, Florida
JC Penney #, Epic Theater #, TJ Maxx, Ross
  55.0 %   303     80     81.8 %   91.3 %     168       14,120       14,551       26,456              
 2  
ClayPoint Distribution Park (Industrial)
Houston, Texas
Pioneer, Packaging Corp. of America
  100.0 %   359     158     64.1 %   84.2 %     147       7,665       8,853       8,853              
 3  
Ridgeway Trace Center Phase 1
Memphis, Tennessee
Target #, Sports Authority, Best Buy
  100.0 %   228     90     100.0 %   100.0 %     3,493       22,933       27,001       27,001              
   
Total 2010 Stabilizations
          890     328     78.8 %   90.6 %   $ 3,808     $ 44,718     $ 50,406     $ 62,311     7.3 %   $ 766  
                                                                                     
 1  
Gardens on Havana*
Aurora (Denver),Colorado
Kohl's, Target, Dick's Sporting Goods, Sprouts
  39.8 %   428     170     88.0 %   88.0 %     547       22,975       15,880       39,910                
 2  
Waterford
Leland (Wilmington),North Carolina
Harris Teeter
  100.0 %   95     90     88.5 %   89.1 %     319       13,428       14,240       14,240                
   
Total 2011 Stabilizations
          523     260     88.0 %   88.2 %   $ 866     $ 36,404     $ 30,121     $ 54,150     7.8 %   $ 834  
                                                                                     
 1  
Ridgeway Trace Center Phase 2
Memphis, Tennessee
Target #, Sports Authority, Best Buy
  100.0 %   75     75     27.8 %   27.8 %     1,934       12,678       21,672       21,672                
 2  
Surf City Crossing
Surf City (Wilmington),North Carolina
Harris Teeter
  100.0 %   75     63     85.2 %   77.4 %     1,820       5,113       7,615       7,615                
 3  
Tomball Marketplace
Tomball, Texas
Academy#
  100.0 %   147     62     25.0 %   68.5 %     103       13,463       14,922       14,922                
 4  
Westwood Center
San Antonio, Texas
Wal-Mart #
  100.0 %   305     70     18.0 %   76.4 %     251       16,056       15,002       15,002                
 5  
Clermont Landing Phase 2*
Clermont, Florida
JC Penney #, Epic Theater #, TJ Maxx, Ross
  55.0 %   63     19     33.2 %   62.8 %     7       4,697       3,351       6,093                
 6  
North Towne Plaza
Brownsville, Texas
Lowes#
  100.0 %   153     36     22.2 %   81.7 %     204       4,623       6,088       6,088                
 7  
Riverpoint at Sheridan
Sheridan (Denver),Colorado
Costco #, Target #, Regal Cinema
  50.0 %   497     83     58.4 %   86.0 %     538       57,774       20,362       40,724                
   
Total 2012 and Thereafter Stabilizations
        1,314     408     43.3 %   76.4 %   $ 4,856     $ 114,402     $ 89,013     $ 112,117     8.0 %   $ 19  
                                                                                     
   
Total 10 Properties Under Development (exclusive of phasing)
    2,727     997     69.5 %   83.3 %   $ 9,530     $ 195,525     $ 169,539     $ 228,578     7.8 %   $ 1,619  
                                                                                     
                                                                                     
 
* 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

 


 
Page 10

 
 

Weingarten Realty Investors
Land Held for Development
As of June 30, 2010
(in thousands, except acres and percentages)
                         
                         
   
Ownership
   
Gross
   
Investment (1)
Location
 
Interest
   
Acres
      100%      
Pro Rata
                           
FM 1957 (Potranco Rd) and FM 211, San Antonio
    50.0 %     198.7                
South Fulton Parkway and SH 92, Union City - Atlanta
    50.0 %     81.6                
US Hwy 1 and Caveness Farms Road, Wake Forest - Raleigh
    100.0 %     79.9                
Rock Prairie Rd. at Hwy. 6, College Station
    100.0 %     65.8                
Highway 17 and Highway 210, Surf City
    100.0 %     46.5                
Shary Road and US Hwy 83, Mission
    50.0 %     36.9                
FM 2920 and Future 249, Tomball - Houston
    100.0 %     33.7                
SH 281 & Wilderness Oaks, San Antonio, TX
    100.0 %     29.2                
Decatur at 215 - Las Vegas
    100.0 %     25.3                
US Hwy 15-501 & Bruce Wood Rd., Southern Pines, NC
    100.0 %     24.0                
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                
Creedmoor (Highway 50) and Crabtree Valley Avenue, Raleigh
    100.0 %     11.7                
Bear Valley Road at Jess Ranch Parkway, Apple Valley III
    50.0 %     10.3                
Lon Adams Rd at Tangerine Farms Rd  - Tuscan
    50.0 %     9.7                
Culebra Road and Westwood Loop, San Antonio
    100.0 %     9.3                
SH 151 & Ingram Rd, San Antonio, TX
    66.7 %     8.5                
South 300 West & West Paxton Avenue, Salt Lake City, UT
    31.8 %     7.5                
State Hwy 95 & Bullhead Pkwy, Bullhead City, AZ
    100.0 %     7.2                
Belle Terre Pkwy & State Rd 100, Palm Coast, FL
    50.0 %     6.7                
SR 207 & Rolling Hills Drive, St. Augustine, FL
    70.0 %     5.2                
SEC Poplar Ave at I-240, Memphis, TN
    100.0 %     3.2                
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                
Young Pines and Curry Ford Rd, Orange County, Florida - Orlando
    100.0 %     3.0                
Leslie Rd. at Bandera Rd., Helotes
    100.0 %     1.7                
Southern Ave & Signal Butte Rd, Mesa, AZ
    100.0 %     1.5                
Other (2)
    100.0 %     39.5                
Total Land Held For Development Properties
            826.4     $ 210,186    
 164,571
                               
 
(1)
Net of impairment adjustments and valuation adjustments due to consolidation of joint ventures made in 2008, 2009 and 2010
(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 $166.2 million of total investment at 100%, $129.9 million at pro rata share.


 
Page 11

 

Weingarten Realty Investors
 
Disposition and Acquisition Summary
 
For the Period Ended June 30, 2010
 
(in thousands at pro rata share)
 
                         
       
Sq. Ft. of
           
Weighted
 
       
Bldg. Area
 
Date
 
Sales
   
Sales
 
Center
 
City/State
 
at 100%
 
Sold
 
Proceeds
   
Cap
 
                         
Dispositions
                       
                         
Crestview - Pad
 
Houston, TX
  -  
2/17/10
           
Jess Ranch Marketplace - Bank of America
 
Apple Valley, CA
  5  
3/22/10
           
Tate's Creek Centre - McDonald's
 
Lexington, KY
  5  
3/25/10
           
Southgate Shopping Center - Controlled Fluids
 
Beaumont, TX
  25  
4/15/10
           
Southgate Shopping Center - Phase II
 
Beaumont, TX
  8  
5/20/10
           
Jess Ranch - Red Robin
 
Apple Valley, CA
  6  
6/15/10
           
                         
Total Dispositions
              $ 4,911     6.30 %
                           
                           
                           
           
Date
 
Total
       
           
Aquired
 
Investment
   
Yield
 
                           
Acquisitions
                         
                           
Crosswinds Distribution Center
 
San Antonio, TX
  142  
05/26/10
  $ 7,809     6.60 %


 
Page 12

 

Weingarten Realty Investors
 
Property Investment Summary
 
(in thousands at pro rata share)
 
                                                   
                                                   
                             
Remodels/
                     
                           
Existing
                     
         
New
   
Major
   
Tenant
   
Development
     
Leasing/
   
All
       
   
Acquisitions
   
Development
   
Repairs
   
Finish
   
(1)
     
Broker Fees
   
Other
   
Total
 
                                                   
Quarter Ended 3/31/2010
        $ 5,183     $ 367     $ 9,496     $ 4,386       $ 4,658     $ 360     $ 24,450  
Quarter Ended 6/30/2010
  $ 7,809       4,347       2,614       7,183       1,410         4,658       28       28,049  
Six Months Ended 06/30/2010
  $ 7,809     $ 9,530     $ 2,981     $ 16,679     $ 5,796       $ 9,316     $ 388     $ 52,499  
                                                                   
Year Ended 12/31/2009
            71,167       10,469       21,672       23,455         20,600       10,507       157,870  
Year Ended 12/31/2008
    2,685       193,235       20,570       35,290       37,781  (2)       24,002       8,231       321,793  
Year Ended 12/31/2007
    565,427       218,239       18,236       29,928       20,751         21,345       13,356       887,282  
                                                                   
                                                                   
 
(1)
Primarily incremental investment on properties formerly classified as new development
 
(2)
Includes approximately $12 million for costs incurred in 2008 for new development properties moved to land held of development
 


 
Page 13

 

                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
Summary of Debt
 
 
                       
                       
                       
                       
                       
                       
                       
                       
                       
                   
                       
                   
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       


 
 

 

Weingarten Realty Investors
 
Debt Information
 
(in thousands, except percentages)
 
                           
                           
           
2nd Quarter
         
4th Quarter
 
     
June 30,
   
Weighted
   
December 31,
   
Weighted
 
     
2010
   
Average Rate (1)
   
2009
   
Average Rate (1)
 
Outstanding Balance Summary
                       
Mortgage Debt
  $ 1,153,658       6.61 %   $ 1,197,234       6.55 %
7% 2011 Bonds
    117,670       7.00 %     117,670       7.00 %
3.95% Convertible Bonds (2)
    128,861       3.95 %     131,603       3.95 %
8.1% 2019 Notes
    100,000       8.10 %     100,000       8.10 %
Unsecured Notes Payable
    921,813       5.66 %     959,562       5.64 %
Revolving Credit Agreement (3)
                            3.05 %
Industrial Revenue Bonds
    2,490       2.36 %     2,663       2.33 %
Obligations under Capital Leases
    23,115       6.59 %     23,115       5.55 %
 
Subtotal Consolidated Debt
    2,447,607       5.94 %     2,531,847       5.97 %
Debt Service Guaranty Liability (4)
    97,000                          
 
Total Consolidated Debt - As Reported
    2,544,607       5.94 %     2,531,847       5.97 %
Less: Noncontrolling Interest
    (261,438 )             (209,458 )        
Plus: WRI Share of Unconsolidated Joint Ventures
    126,796               164,146          
 
Total Debt - Pro rata Share
  $ 2,409,965       5.91 %   $ 2,486,535       5.99 %
   
                             
Weighted
 
             
2nd Quarter
           
Average
 
     
Debt
   
Weighted
           
Remaining
 
     
Balance
   
Average Rate (1)
   
% of Total
   
Life (yrs)
 
Fixed vs. Variable Rate Debt (at Pro rata Share)
                               
(includes the effect of interest rate swaps)
                               
                                   
As of June 30, 2010
                               
Fixed-rate debt
  $ 1,945,953       6.25 %     80.7 %     6.11  
Variable-rate debt
    464,012       4.46 %     19.3 %     3.55  
 
Total
  $ 2,409,965       5.91 %     100.0 %     5.62  
                                   
As of December 31, 2009
                               
Fixed-rate debt
  $ 2,100,080       6.28 %     84.5 %        
Variable-rate debt
    386,455       3.14 %     15.5 %        
 
Total
  $ 2,486,535       5.99 %     100.0 %        
   
Secured vs. Unsecured Debt (at Pro rata Share)
                               
                                   
As of June 30, 2010
                               
Secured Debt
  $ 1,081,343       6.57 %     44.9 %     5.37  
Unsecured Debt
    1,328,622       5.35 %     55.1 %     5.81  
 
Total
  $ 2,409,965       5.91 %     100.0 %     5.62  
                                   
As of December 31, 2009
                               
Secured Debt
  $ 1,141,875       6.62 %     45.9 %        
Unsecured Debt
    1,344,660       5.48 %     54.1 %        
 
Total
  $ 2,486,535       5.99 %     100.0 %        
   
     
As
   
Pro rata
                 
     
Reported
   
Share
                 
Weighted Average Interest Rates (1)
                               
Three months ended 06/30/10
    5.94 %     5.91 %                
Three months ended 12/31/09
    5.97 %     5.99 %                
Twelve months ended 12/31/09
    5.62 %     5.64 %                
                                   
(1)
Weighted average interest rates exclude the effects of ASC 805 " Business Combinations", discounts on convertible bonds and 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 excluding the effect of the commitment fee was 0.84% in fourth quarter 2009.
                 
(4)
Debt Service Guaranty 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, 2010
 
(in thousands, except percentages)
 
                                                 
                                                 
                                                 
                                                 
                                                 
   
As Reported
   
Pro rata Share
 
         
Weighted
         
Weighted
                         
   
Maturities
   
Average Rate (5)
   
Maturities
   
Average Rate (5)
   
Floating Rate
   
Fixed Rate
   
Secured
   
Unsecured
 
2010  (1)  (2)
  $ 55,550       6.39 %   $ 65,306       6.46 %   $ 4,174     $ 61,132     $ 44,676     $ 20,630  
2011  (3)
    218,767       6.75 %     229,590       6.77 %     86       229,504       101,955       127,635  
2012
    307,657       5.66 %     310,440       5.71 %     3,290       307,150       127,180       183,260  
2013
    440,804       6.05 %     334,073       5.93 %     25,980       308,093       160,482       173,591  
2014
    389,647       5.48 %     406,308       5.53 %     2,115       404,193       91,308       315,000  
2015
    248,402       6.38 %     214,593       6.29 %             214,593       124,593       90,000  
2016
    209,219       6.55 %     228,342       6.66 %             228,342       153,342       75,000  
2017
    118,973       6.88 %     138,536       7.18 %             138,536       113,536       25,000  
2018
    55,040       7.34 %     13,565       7.34 %             13,565       13,565          
2019
    53,962       7.67 %     54,894       7.70 %             54,894       54,894          
Thereafter  (3)
    306,722       6.06 %     308,059       6.09 %             308,059       45,072       262,987  
Subtotal
    2,404,743               2,303,706               35,645       2,268,061       1,030,603       1,273,103  
                                                                 
Other  (4)
    139,864               106,259               11,778       94,481       50,740       55,519  
Swap Maturities:
                                                               
2012
                                    86,600       (86,600 )                
2013
                                    94,000       (94,000 )                
2014
                                    165,000       (165,000 )                
2017
                                    70,989       (70,989 )                
Total
  $ 2,544,607       5.94 %   $ 2,409,965       5.88 %   $ 464,012     $ 1,945,953     $ 1,081,343     $ 1,328,622  
 

(1)
Includes $2.0 million of amortizing industrial revenue bonds with a final maturity date of 2015 that are currently callable by the lender.
(2)
Includes $9.7 million of MTN's maturing 2028 with 12 and 20 year put options.
(3)
Thereafter includes $131.3 million of Convertible Debt maturing in 2026 which has a 5 year call and put option in 2011.
(4)
Other includes capital leases, ASC 805 " Business Combinations" adjustment, debt service guaranty liability, market value of swaps and discounts on notes.  The debt service guaranty liability represents bonds issued in association with a guarantee in connection with a project in Denver, Colorado.
(5)
Weighted average interest rates exclude the effects of ASC 805 " Business Combinations", discounts on Convertible Debt and loan costs related to financing.

 
 
Page 16

 

                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
Joint Ventures
 
 
                       
                       
                       
                       
                       
                       
                       
                       
                       
                   
                       
                   
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       


 
 

 


Weingarten Realty Investors
 
Financial Statements of Unconsolidated Real Estate Joint Ventures and Partnerships at 100%
 
(in thousands)
 
                         
                   
                   
   
Three Months Ended
   
Six Months Ended
 
   
June 30,
   
June 30,
 
Condensed Statements of Income
 
2010
   
2009
   
2010
   
2009
 
                         
Revenues:
                       
Base minimum rent, net
  $ 35,194     $ 30,769     $ 69,949     $ 61,216  
Straight line rent
    748       994       1,411       1,774  
Over/Under-market rentals, net
    729       1,136       1,614       3,107  
Percentage rent
    46       197       403       369  
Tenant reimbursements
    9,209       8,713       18,878       16,620  
Other income
    1,154       1,313       2,352       2,938  
Total
    47,080       43,122       94,607       86,024  
                                 
Expenses:
                               
Depreciation and amortization
    15,298       13,422       30,643       26,498  
Interest, net
    8,742       7,580       18,141       14,599  
Operating
    7,915       8,006       16,145       15,105  
Ad valorem taxes, net
    6,450       5,268       12,479       10,831  
General and administrative
    1,086       1,269       2,042       2,563  
Impairment loss
    231               231          
Total
    39,722       35,545       79,681       69,596  
                                 
                                 
(Loss) gain on sale of property
                    (3 )     11  
                                 
Net income
  $ 7,358     $ 7,577     $ 14,923     $ 16,439  
                                 
   
                                 
Condensed Balance Sheets
                               
                   
June 30,
   
December 31,
 
                    2010     2009  
ASSETS
                               
                                 
Property
                  $ 1,979,411     $ 2,082,316  
Accumulated depreciation
                    (221,778 )     (191,478 )
Property, net
                    1,757,633       1,890,838  
                                 
Other assets, net
                    143,437       240,387  
                                 
        Total
                  $ 1,901,070     $ 2,131,225  
                                 
                                 
LIABILITIES AND SHAREHOLDERS' EQUITY
                               
                                 
Debt, net
                  $ 444,465     $ 505,462  
Amounts payable to Weingarten Realty Investors
              203,223       335,622  
Other liabilities, net
                    45,776       88,913  
Total
                    693,464       929,997  
                                 
Accumulated equity
                    1,207,606       1,201,228  
                                 
Total
                  $ 1,901,070     $ 2,131,225  


 
Page 18

 
 
 
Weingarten Realty Investors
 
Financial Statements of Unconsolidated Real Estate Joint Ventures and Partnerships at Pro rata Share
 
(in thousands)
 
                         
                         
                         
   
Three Months Ended
   
Six Months Ended
 
   
June 30,
   
June 30,
 
Condensed Statements of Income
 
2010
   
2009
   
2010
   
2009
 
                         
Revenues:
                       
Base minimum rent, net
  $ 10,643     $ 9,792     $ 21,220     $ 19,191  
Straight line rent
    334       394       690       672  
Over/Under-market rentals, net
    148       225       330       634  
Percentage rent
            87       140       148  
Tenant reimbursements
    2,878       2,909       5,845       5,425  
Other income
    482       617       1,029       1,377  
Total
    14,485       14,024       29,254       27,447  
                                 
Expenses:
                               
Depreciation and amortization
    4,922       4,425       9,945       8,565  
Interest, net
    2,825       2,658       6,093       5,016  
Operating
    2,416       2,570       5,005       4,740  
Ad valorem taxes, net
    1,994       1,621       3,813       3,418  
General and administrative
    478       576       905       1,155  
Impairment loss
    116               116          
Total
    12,751       11,850       25,877       22,894  
                                 
(Loss) gain on sale of property
    1               (1 )     4  
                                 
Net income
  $ 1,735     $ 2,174     $ 3,376     $ 4,557  
   
                                 
Condensed Balance Sheets
                               
                   
June 30,
   
December 31,
 
                    2010     2009  
ASSETS
                               
                                 
Property
                  $ 556,429     $ 625,714  
Accumulated depreciation
                    (75,904 )     (67,170 )
Property, net
                    480,525       558,544  
Notes receivable from real estate joint ventures and partnerships
                    5,637       5,712  
Unamortized debt and lease costs, net
                    12,541       13,297  
Accrued rent and accounts receivable (net of allowance for doubtful accounts of $733 in 2010 and $709 in 2009)
                    14,738       15,441  
Cash and cash equivalents
                    11,345       15,230  
Restricted deposits and mortgage escrows
                    1,355       1,757  
Notes receivable and mortgage bonds, net
                    172       41,356  
Out-of-market rentals, net
                    550       588  
Interest rate derivative
                            124  
Other assets, net
                    2,389       5,125  
Total
                  $ 529,252     $ 657,174  
                                 
LIABILITIES AND SHAREHOLDERS' EQUITY
                               
                                 
Debt, net
                  $ 126,931     $ 164,146  
Amounts payable to Weingarten Realty Investors
                    92,503       159,141  
Accounts payable and accrued expenses
                    5,088       6,419  
Deferred revenue
                    1,344       1,331  
Out-of-market rentals, net
                    4,072       4,395  
Interest rate derivative
                    490          
Other liabilities, net
                    951       23,257  
Total
                    231,379       358,689  
                                 
Accumulated equity
                    297,873       298,485  
                                 
Total
                  $ 529,252     $ 657,174  
                                 
                                 
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, 2010
 
(in thousands, except number of properties and percentages)
 
                                                 
                               
                           
Weingarten Realty
 
Joint Venture Partner
 
Number of Properties
   
Total GLA
   
Total Assets
   
Total Debt
   
Ownership Interest
   
Share of Debt
   
Investment Balance
   
Equity in Earnings of Unconsolidated JVs
 
                                                 
TIAA Florida Retail LLC
    7       1,258     $ 326,058             20.0 %         $ 63,298     $ 1,068  
AEW SRP, LLC
    10       895       164,577     $ 104,491       25.0 %   $ 26,123       12,532       1  
Collins
    8       1,116       149,576       29,505       50.0 %     14,752       52,862       986  
AEW - Institutional Client
    6       523       134,317       67,923       20.0 %     13,585       12,680       219  
BIT Retail
    3       715       155,254       -       20.0 %     -       30,121       526  
BIT Investment Thirty-Six, LP
    12       4,068       219,372       20,802       20.0 %     4,160       33,140       276  
Eagle AN, LP
    7       2,049       50,957       33,657       20.0 %     6,731       0       69  
Jamestown
    6       1,341       154,448       95,270       20.0 %     19,054       11,583       486  
                                                                 
Other
    27       4,033       546,509       92,818       45.8 %     42,525       97,671       2,235  
                                                                 
Total
    86       15,999     $ 1,901,070     $ 444,465       27.5 %   $ 126,931     $ 313,887     $ 5,866  
                                                                 
 
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
     
INDUSTRIAL
   
BIT Investment Thirty-Six, LP
 
Industrial joint venture with Mercantile Real Estate Advisors and its client, the AFL-CIO Building Investment Trust
Eagle AN, LP
 
Industrial joint venture with American National Insurance Company


 
Page 20

 

Weingarten Realty Investors
 
Mortgage Debt Information for Unconsolidated Joint Ventures & Partnerships
 
As of June 30, 2010
 
                         
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     $ 104,491       5.7 %     5.5  
Collins
    2       29,505       6.2 %     11.1  
AEW - Institutional Client
    6       67,923       5.7 %     3.7  
BIT Investment Thirty-Six, LP
    3       20,802       6.6 %     1.8  
Eagle AN, LP
    1       33,657       8.1 %     0.2  
Jamestown
    6       95,269       5.7 %     4.3  
Other
    6       92,120       5.7 %     3.4  
                                 
Total
    31     $ 443,767       6.0 %     4.4  
   
                                 
Schedule of Maturities
 
                                 
   
At 100%
   
At WRI Share
 
   
Maturities (in thousands)
   
Weighted Average Rate (3)
   
Maturities (in thousands)
   
Weighted Average Rate (3)
 
                                 
2010 (1)
  $ 43,487       5.8 %   $ 10,031       5.9 %
2011
    40,461       5.7 %     12,674       5.7 %
2012
    27,441       5.7 %     6,115       5.7 %
2013
    52,363       5.6 %     17,614       5.7 %
2014
    101,909       5.7 %     22,099       5.7 %
2015
    37,211       5.8 %     8,402       5.8 %
2016
    76,322       5.8 %     20,129       5.8 %
2017
    46,375       6.3 %     20,633       6.3 %
2018
    1,952       6.3 %     976       6.3 %
2019
    2,078       6.3 %     1,039       6.3 %
Thereafter
    14,168       6.4 %     7,084       6.4 %
Total
  $ 443,767             $ 126,796          
                                 
 
(1)
Excludes non-cash debt related items.
(2)
All mortgages are fixed rate except for one included in "other", which has a variable rate mortgage ($3.4 million at 100%) and matures in 2010.
(3)
Weighted average interest rates exclude the effects of ASC 805 " Business Combinations" and loan costs related to financing.



 
 
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)
 
                           
                           
                           
           
# of Units
   
Rental
   
Square
 
Rank
 
Tenant Name
 
DBAs
 
Revenue
   
Feet
 
                           
1  
The Kroger Co.
 
Kroger, Smith Food, Ralphs, Fry's Food, King Soopers
    26       2.17 %     1,203  
                                 
2  
T.J.X. Companies, Inc.
 
T.J. Maxx, Marshalls, Home Goods
    36       1.93 %     815  
                                 
3  
Ross Stores, Inc.
 
Ross Dress for Less
    35       1.80 %     721  
                                 
4  
Safeway, Inc.
 
Safeway, Randalls, Von's
    17       1.20 %     718  
                                 
5  
Home Depot, Inc.
 
 
    6       1.10 %     669  
                                 
6  
Petsmart, Inc.
 
 
    19       1.02 %     341  
                                 
7  
Office Depot, Inc.
 
 
    24       1.02 %     453  
                                 
8  
Barnes & Noble Inc.
 
Barnes & Noble, Bookstop Booksellers
    11       0.88 %     254  
                                 
9  
Gap, Inc.
 
Gap, Old Navy, Banana Republic
    19       0.88 %     289  
                                 
10  
Dollar Tree Stores, Inc.
 
Dollar Tree, Greenbacks
    39       0.81 %     338  
                                 
11  
Publix Super Markets, Inc.
 
 
    23       0.81 %     495  
                                 
12  
24 Hour Fitness Inc.
        7       0.79 %     179  
                                 
13  
Blockbuster Video
 
 
    42       0.79 %     194  
                                 
14  
Petco Animal Supplies, Inc.
 
 
    21       0.74 %     228  
                                 
15  
The Sports Authority
        7       0.70 %     262  
                                 
16  
Bed Bath & Beyond, Inc.
 
 
    17       0.69 %     326  
                                 
17  
Harris Teeter
 
 
    7       0.69 %     300  
                                 
18  
Whole Foods
        6       0.69 %     218  
                                 
19  
Raley's
 
Raley's Bel Air Markets
    6       0.69 %     331  
                                 
20  
Staples
 
 
    13       0.67 %     266  
                                 
21  
H E Butt Grocery
 
 
    6       0.65 %     291  
                                 
22  
Toys 'R' Us
 
Toys R Us
    9       0.63 %     312  
                                 
23  
Office Max Inc.
 
 
    11       0.63 %     250  
                                 
24  
Best Buy, Inc.
 
 
    10       0.61 %     225  
                                 
25  
Food Lion
        8       0.51 %     310  
                                 
   
Total
        425       23.12 %     9,987  


 
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, 2010
   
Shopping Center
   
Industrial
   
Total
 
     
Percentage of
   
Percentage of
   
Percentage of
 
Year Expiring
   
Sq. Ft.
   
Revenue
   
Sq. Ft.
   
Revenue
   
Sq. Ft.
   
Revenue
 
2010
      4.05 %     4.42 %     10.86 %     10.54 %     5.77 %     5.11 %
2011
      13.56 %     14.25 %     14.01 %     15.44 %     13.66 %     14.37 %
2012
      12.60 %     13.70 %     16.25 %     17.94 %     13.52 %     14.16 %
2013
      13.58 %     14.28 %     20.20 %     19.74 %     15.25 %     14.88 %
2014
      13.03 %     12.37 %     15.42 %     14.37 %     13.62 %     12.58 %
2015-2019       29.40 %     29.21 %     22.39 %     21.03 %     27.58 %     28.27 %
2020-2029       13.04 %     11.02 %     0.87 %     0.95 %     9.93 %     9.87 %
   
                                                     
Leasing Activity
                                                 
Signed Leases
                                                 
       
Number
           
New Rent
   
Prior Rent
           
Cash Increase
 
       
of Leases
   
Square Feet
   
$PSF
   
$PSF
   
TI's $PSF
   
in Base Rent
 
Three Months Ended June 30, 2010
                                         
Retail New Leases
      107       213     $ 16.44     $ 18.68     $ 7.46       -12.0 %
Retail Renewals
      154       603       12.99       12.84       1.31       1.2 %
Industrial
      44       611       4.63       4.65       0.75       -0.2 %
Not Comparable Spaces
      67       255                                  
Total
      372       1,682     $ 9.93     $ 10.20     $ 1.98       -2.7 %
                                                     
Six Months Ended June 30, 2010
                                               
Retail New Leases
      217       616     $ 14.74     $ 16.09     $ 11.56       -8.4 %
Retail Renewals
      307       1,572       11.80       11.87       0.55       -0.6 %
Industrial
      78       1,075       4.40       4.59       0.95       -4.3 %
Not Comparable Spaces
      140       501                                  
Total
      742       3,763     $ 9.92     $ 10.27     $ 2.76       -3.5 %
                                                     
   
                                                     
Occupancy
   
Quarter Ended
         
       
June 30,
   
March 31,
   
December 31,
   
September 30,
   
June 30,
         
          2010       2010       2009       2009       2009          
Signed Basis
                                                 
Retail
                                                 
Eastern Region
      93.5 %     93.0 %     92.5 %     92.7 %     92.1 %        
Western Region
      91.3 %     90.9 %     91.4 %     90.6 %     90.9 %        
Mountain Region
      93.9 %     93.4 %     93.2 %     93.1 %     92.9 %        
Central Region
      91.4 %     91.2 %     90.6 %     91.5 %     91.9 %        
Total Retail
      92.6 %     92.2 %     91.8 %     92.1 %     92.1 %        
Industrial
      86.0 %     87.5 %     87.8 %     88.0 %     87.7 %        
Total
      90.8 %     90.9 %     90.8 %     91.1 %     90.9 %        
                                                     
Commenced Basis
                                                 
Retail
                                                 
Eastern Region
      89.3 %     89.6 %     89.3 %     89.8 %     89.7 %        
Western Region
      88.4 %     88.1 %     89.3 %     89.0 %     88.9 %        
Mountain Region
      91.9 %     90.6 %     89.2 %     89.3 %     88.6 %        
Central Region
      89.0 %     89.3 %     87.9 %     88.5 %     88.5 %        
Total Retail
      89.6 %     89.5 %     88.8 %     89.2 %     88.9 %        
Industrial
      85.6 %     87.3 %     87.3 %     86.2 %     86.9 %        
Total
      88.5 %     88.9 %     88.4 %     88.4 %     88.4 %        
   
                                                     
Same Property Net Operating Income Growth (1)
                                         
Cash Basis
                                                 
       
Three Months Ended
   
Six Months Ended
                 
       
June 30,
   
June 30,
                 
          2010       2009       2010       2009                  
                                                     
Retail
                                                 
Eastern Region
      2.7 %     -5.6 %     1.0 %     -4.6 %                
Western Region
      0.4 %     -3.9 %     -1.6 %     -1.7 %                
Mountain Region
      1.0 %     -7.7 %     -1.8 %     -5.2 %                
Central Region
      0.0 %     -6.2 %     -1.1 %     -4.4 %                
Total Retail
      1.1 %     -6.0 %     -0.7 %     -4.2 %                
Industrial
      2.1 %     -2.2 %     -1.0 %     -2.5 %                
Total
      1.2 %     -5.6 %     -0.7 %     -4.1 %                
 
(1)
Same Property NOI Growth includes the company's share of unconsolidated real estate joint ventures and parnerships 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,
 
   
2010
   
%
   
2009
   
%
   
2009
   
%
   
2008
   
%
   
2007
   
%
   
2006
   
%
 
                                                                         
Western Region
                                                                       
California
  $ 25,070       13.1 %   $ 25,282       12.5 %   $ 50,136       12.7 %   $ 51,176       12.1 %   $ 50,503       11.3 %   $ 50,074       12.1 %
Oregon
    673       0.4 %     679       0.3 %     1,342       0.3 %     1,385       0.3 %     929       0.2 %     46       0.0 %
Washington
    582       0.3 %     560       0.3 %     1,124       0.3 %     1,193       0.3 %     1,295       0.3 %     251       0.1 %
Total Western Region
    26,325       13.8 %     26,522       13.1 %     52,602       13.3 %     53,754       12.7 %     52,727       11.8 %     50,371       12.2 %
                                                                                                 
Mountain Region
                                                                                               
Nevada
  $ 15,400       8.0 %   $ 15,941       7.9 %   $ 31,505       8.0 %   $ 34,360       8.1 %   $ 31,338       7.0 %   $ 27,796       6.7 %
Arizona
    11,863       6.2 %     13,555       6.7 %     26,845       6.8 %     26,181       6.2 %     23,192       5.2 %     15,004       3.6 %
Colorado
    4,936       2.6 %     5,152       2.5 %     9,136       2.3 %     10,779       2.4 %     12,162       2.7 %     13,488       3.3 %
New Mexico
    2,437       1.3 %     4,892       2.4 %     8,714       2.2 %     11,355       2.7 %     10,472       2.3 %     11,394       2.8 %
Utah
    1,766       0.9 %     1,858       0.9 %     3,557       0.9 %     3,614       0.9 %     3,545       0.8 %     3,231       0.8 %
Total Mountain Region
    36,402       19.0 %     41,398       20.4 %     79,757       20.2 %     86,289       20.3 %     80,709       18.0 %     70,913       17.2 %
                                                                                                 
Central Region
                                                                                               
Texas
  $ 59,895       31.1 %   $ 59,632       29.4 %   $ 113,454       28.7 %   $ 124,407       29.2 %   $ 154,800       34.7 %   $ 154,473       37.4 %
Louisiana
    3,819       2.0 %     4,191       2.1 %     8,363       2.1 %     10,907       2.6 %     12,831       2.9 %     12,754       3.1 %
Arkansas
    1,460       0.8 %     1,507       0.7 %     3,048       0.8 %     3,006       0.7 %     3,028       0.7 %     3,505       0.8 %
Illinois
    1,266       0.7 %     1,495       0.7 %     2,960       0.7 %     3,129       0.7 %     2,378       0.5 %     2,985       0.7 %
Kansas
    1,012       0.5 %     944       0.5 %     1,875       0.5 %     1,949       0.5 %     1,980       0.4 %     3,714       0.9 %
Missouri
    595       0.3 %     688       0.3 %     1,405       0.4 %     1,182       0.3 %     1,440       0.3 %     2,193       0.5 %
Oklahoma
    468       0.2 %     486       0.2 %     975       0.2 %     955       0.2 %     1,009       0.2 %     3,002       0.7 %
Total Central Region
    68,516       35.6 %     68,943       33.9 %     132,080       33.4 %     145,536       34.2 %     177,466       39.7 %     182,627       44.1 %
                                                                                                 
Eastern Region
                                                                                               
Florida
  $ 29,423       15.3 %     34,531       17.0 %   $ 66,170       16.8 %   $ 70,335       16.5 %   $ 67,400       15.2 %   $ 56,601       13.7 %
North Carolina
    12,290       6.4 %     12,800       6.3 %     25,476       6.5 %     26,978       6.4 %     27,027       6.1 %     23,694       5.7 %
Georgia
    10,829       5.6 %     11,232       5.5 %     22,643       5.7 %     25,039       5.9 %     23,929       5.4 %     14,861       3.6 %
Kentucky
    3,458       1.8 %     3,285       1.6 %     6,766       1.7 %     6,629       1.6 %     6,787       1.5 %     5,944       1.5 %
Tennessee
    2,632       1.4 %     2,421       1.2 %     5,009       1.3 %     7,015       1.6 %     6,964       1.6 %     7,386       1.8 %
Virginia
    1,803       0.9 %     1,834       0.9 %     3,626       0.9 %     2,551       0.6 %     2,036       0.5 %     -       0.0 %
South Carolina
    150       0.1 %     72       0.0 %     306       0.1 %     277       0.1 %     287       0.1 %     242       0.1 %
Maine
    200       0.1 %     143       0.1 %     355       0.1 %     278       0.1 %     381       0.1 %     433       0.1 %
Total Eastern Region
    60,786       31.6 %     66,319       32.6 %     130,351       33.1 %     139,102       32.8 %     134,811       30.5 %     109,161       26.5 %
                                                                                                 
Total Net Operating Income
  $ 192,029       100.0 %   $ 203,181       100.0 %   $ 394,790       100.0 %   $ 424,681       100.0 %   $ 445,713       100.0 %   $ 413,072       100.0 %
                                                                                                 
                                                                                                 
(1) The Net Operating Income at pro rata share includes the real estate operations of joint ventures at WRI's ownership percentages ranging from 7.8% to 81% except for the operations of down-reit partnerships, which are included at 100%. Net Operating Income excludes the effect of lease cancellation income, straight-line rent adjustments and impairment charges. Pro rata financial information is not, and is not intended to be, a presentation in accordance with generally accepted accounting principles.
 


 
Page 25

 

 
Weingarten Realty Investors
 
Average Base Rents by CBSA
 
As of 6/30/2010
 
(in thousands at pro rata share, except per square foot amounts)
 
                                                       
                     
Occupied
   
Annualized
   
Avg. Base
   
Occupied
   
Annualized
   
Avg. Base
 
                     
SF
   
Rents
   
Rents
   
SF
   
Rents
   
Rents
 
   
# of
                                                 
   
Properties
   
GLA
   
Total ABR
   
Greater than 10K SF
   
Less than 10K SF
 
Retail
                                                     
West Region
                                                     
Los Angeles-Long Beach et al, CA
  3     584     $ 16.71     385     $ 5,332     $ 13.85     145     $ 3,527     $ 24.30  
Madera, CA
  1     85     $ 12.54     52     $ 497     $ 9.54     25     $ 475     $ 18.69  
Modesto, CA
  1     79     $ 14.24     47     $ 461     $ 9.70     30     $ 645     $ 21.40  
Redding, CA
  1     121     $ 17.25     65     $ 560     $ 8.67     48     $ 1,377     $ 28.89  
Riverside et al, CA
  4     636     $ 18.07     331     $ 4,104     $ 12.41     200     $ 5,488     $ 27.41  
Sacramento--Arden et al, CA
  5     625     $ 11.53     342     $ 1,870     $ 5.47     213     $ 4,532     $ 21.27  
San Diego-Carlsbad et al, CA
  3     286     $ 21.89     162     $ 2,274     $ 14.03     113     $ 3,755     $ 33.13  
San Francisco-Oakland et al, CA
  3     447     $ 21.01     246     $ 3,631     $ 14.78     180     $ 5,309     $ 29.52  
San Jose-Sunnyvale et al, CA
  2     145     $ 20.53     66     $ 423     $ 6.43     75     $ 2,463     $ 32.93  
Santa Cruz-Watsonville, CA
  1     150     $ 9.88     93     $ 565     $ 6.06     55     $ 898     $ 16.38  
Santa Rosa-Petaluma, CA
  1     199     $ 12.59     55     $ 393     $ 7.20     29     $ 665     $ 22.60  
Vallejo-Fairfield, CA
  3     364     $ 16.22     180     $ 1,256     $ 6.99     156     $ 4,197     $ 26.82  
California
  28     3,722     $ 16.61     2,023     $ 21,366     $ 10.56     1,270     $ 33,331     $ 26.24  
Portland-Vancouver et al, OR-WA
  3     120     $ 13.54     66     $ 575     $ 8.75     43     $ 902     $ 20.78  
Oregon
  3     120     $ 13.54     66     $ 575     $ 8.75     43     $ 902     $ 20.78  
Seattle-Tacoma-Bellevue, WA
  4     82     $ 16.99     64     $ 978     $ 15.35     12     $ 312     $ 25.57  
Washington
  4     82     $ 16.99     64     $ 978     $ 15.35     12     $ 312     $ 25.57  
Total West Region
  35     3,923     $ 16.52     2,152     $ 22,919     $ 10.65     1,326     $ 34,545     $ 26.05  
                                                                 
Mountain Region
                                                               
Lake Havasu City-Kingman, AZ
  1     182     $ 14.75     112     $ 1,425     $ 12.67     35     $ 747     $ 21.46  
Phoenix-Mesa-Scottsdale, AZ
  16     1,286     $ 14.08     698     $ 5,937     $ 8.50     499     $ 10,914     $ 21.87  
Tucson, AZ
  5     629     $ 14.21     333     $ 2,719     $ 8.15     194     $ 4,781     $ 24.60  
Arizona
  22     2,097     $ 14.17     1,144     $ 10,081     $ 8.81     728     $ 16,443     $ 22.58  
Colorado Springs, CO
  2     299     $ 8.60     243     $ 1,781     $ 7.33     45     $ 697     $ 15.45  
Denver-Aurora, CO
  9     961     $ 14.47     365     $ 3,333     $ 9.12     256     $ 5,657     $ 22.11  
Colorado
  11     1,260     $ 12.61     608     $ 5,115     $ 8.41     301     $ 6,353     $ 21.11  
Las Vegas-Paradise, NV
  13     2,367     $ 14.83     1,535     $ 16,159     $ 10.53     670     $ 16,533     $ 24.69  
Nevada
  13     2,367     $ 14.83     1,535     $ 16,159     $ 10.53     670     $ 16,533     $ 24.69  
Albuquerque, NM
  4     475     $ 13.83     235     $ 2,141     $ 9.09     155     $ 3,261     $ 21.04  
New Mexico
  4     475     $ 13.83     235     $ 2,141     $ 9.09     155     $ 3,261     $ 21.04  
Provo-Orem, UT
  1     30     $ 15.86     12     $ 165     $ 13.96     19     $ 317     $ 17.06  
Salt Lake City, UT
  2     276     $ 12.50     175     $ 1,795     $ 10.24     78     $ 1,372     $ 17.57  
Utah
  3     307     $ 12.86     187     $ 1,959     $ 10.48     97     $ 1,689     $ 17.47  
Total Mountain Region
  53     6,506     $ 14.09     3,710     $ 35,456     $ 9.56     1,950     $ 44,278     $ 22.70  
                                                                 
Central Region
                                                               
Little Rock-N. Little Rock, AR
  3     358     $ 8.73     298     $ 2,211     $ 7.42     56     $ 877     $ 15.79  
Arkansas
  3     358     $ 8.73     298     $ 2,211     $ 7.42     56     $ 877     $ 15.79  
Chicago et al, IL-IN-WI
  1     304     $ 10.67     268     $ 2,554     $ 9.52     18     $ 499     $ 27.85  
Illinois
  1     304     $ 10.67     268     $ 2,554     $ 9.52     18     $ 499     $ 27.85  
Kansas City, MO-KS
  1     135     $ 9.80     76     $ 601     $ 7.89     33     $ 464     $ 14.26  
Topeka, KS
  1     116     $ 9.71     116     $ 1,123     $ 9.71     0     $ 0     $ 0.00  
Kansas
  2     251     $ 9.75     192     $ 1,724     $ 8.99     33     $ 464     $ 14.26  
Hammond, LA
  1     227     $ 6.43     108     $ 339     $ 3.14     82     $ 881     $ 10.76  
Lafayette, LA
  1     136     $ 10.24     18     $ 90     $ 5.00     57     $ 680     $ 11.89  
Lake Charles, LA
  4     440     $ 7.07     309     $ 1,665     $ 5.40     94     $ 1,184     $ 12.55  
Monroe, LA
  1     141     $ 5.12     89     $ 325     $ 3.64     37     $ 321     $ 8.70  
 
 
 
Page 26

 
 
 
   
                       
Occupied
     
Annualized
     
Avg. Base
   
Occupied
     
Annualized
     
Avg. Base
 
                       
SF
     
Rents
     
Rents
   
SF
     
Rents
     
Rents
 
   
# of
                                                           
   
Properties
   
GLA
     
Total ABR
      Greater than 10K SF       Less than 10K SF  
New Orleans-Metairie-Kenner, LA
  1     142     $ 14.33     78     $ 732     $ 9.36     58     $ 1,215     $ 21.06  
Shreveport-Bossier City, LA
  1     5     $ 23.29     0     $ 0     $ 0.00     5     $ 119     $ 23.29  
Louisiana
  9     1,092     $ 8.08     602     $ 3,151     $ 5.23     333     $ 4,400     $ 13.21  
St. Louis, MO-IL
  2     229     $ 8.92     130     $ 1,068     $ 8.21     38     $ 432     $ 11.32  
Missouri
  2     229     $ 8.92     130     $ 1,068     $ 8.21     38     $ 432     $ 11.32  
Oklahoma City, OK
  2     164     $ 7.58     104     $ 570     $ 5.51     51     $ 601     $ 11.80  
Oklahoma
  2     164     $ 7.58     104     $ 570     $ 5.51     51     $ 601     $ 11.80  
Amarillo, TX
  2     68     $ 9.71     11     $ 48     $ 4.22     40     $ 449     $ 11.27  
Beaumont-Port Arthur, TX
  6     281     $ 8.21     158     $ 787     $ 4.98     90     $ 1,248     $ 13.88  
Brownsville-Harlingen, TX
  1     8     $ 12.38     0     $ 0     $ 0.00     8     $ 99     $ 12.38  
College Station-Bryan, TX
  1     107     $ 10.87     86     $ 923     $ 10.74     21     $ 240     $ 11.44  
Corpus Christi, TX
  1     372     $ 12.90     245     $ 2,258     $ 9.21     114     $ 2,383     $ 20.81  
Dallas-Fort Worth-Arlington, TX
  10     1,256     $ 13.40     557     $ 5,999     $ 10.77     411     $ 6,972     $ 16.97  
Houston-Baytown-Sugar Land, TX
  62     4,738     $ 14.44     2,643     $ 26,197     $ 9.91     1,629     $ 35,502     $ 21.79  
Killeen-Temple-Fort Hood, TX
  1     115     $ 11.74     98     $ 1,033     $ 10.52     14     $ 284     $ 20.28  
Laredo, TX
  2     377     $ 13.62     227     $ 2,408     $ 10.60     97     $ 2,014     $ 20.68  
Lubbock, TX
  1     152     $ 8.67     112     $ 740     $ 6.58     31     $ 503     $ 16.28  
Lufkin, TX
  1     248     $ 6.57     205     $ 1,076     $ 5.26     22     $ 416     $ 18.59  
McAllen-Edinburg-Pharr, TX
  7     490     $ 11.82     377     $ 3,709     $ 9.84     85     $ 1,751     $ 20.57  
Rio Grande City, TX
  1     88     $ 11.19     76     $ 788     $ 10.42     11     $ 179     $ 16.59  
San Antonio, TX
  7     579     $ 12.06     375     $ 3,289     $ 8.77     161     $ 3,175     $ 19.73  
Tyler, TX
  1     62     $ 7.64     33     $ 212     $ 6.35     18     $ 183     $ 10.00  
Texas
  104     8,941     $ 13.18     5,204     $ 49,467     $ 9.51     2,753     $ 55,398     $ 20.12  
Total Central Region
  123     11,339     $ 12.25     6,798     $ 60,746     $ 8.94     3,281     $ 62,672     $ 19.10  
                                                                 
East Region
                                                               
Fort Walton Beach et al, FL
  2     70     $ 15.08     45     $ 594     $ 13.29     14     $ 292     $ 20.79  
Jacksonville, FL
  2     319     $ 9.88     250     $ 1,873     $ 7.48     66     $ 1,258     $ 18.93  
Miami-Fort Lauderdale et al, FL
  17     1,097     $ 15.95     600     $ 6,344     $ 10.57     415     $ 9,844     $ 23.74  
Orlando, FL
  14     1,782     $ 15.54     1,051     $ 13,054     $ 12.43     436     $ 10,054     $ 23.05  
Palm Bay-Melbourne et al, FL
  3     182     $ 8.77     102     $ 587     $ 5.75     48     $ 731     $ 15.14  
Palm Coast, FL
  1     83     $ 17.51     53     $ 739     $ 13.90     27     $ 656     $ 24.73  
Port St. Lucie-Fort Pierce, FL
  1     50     $ 10.25     43     $ 381     $ 8.92     3     $ 91     $ 27.13  
Punta Gorda, FL
  2     25     $ 16.95     15     $ 215     $ 14.34     6     $ 137     $ 23.79  
Sarasota-Bradenton-Venice, FL
  1     97     $ 10.56     46     $ 324     $ 7.13     32     $ 491     $ 15.49  
Tampa-St. Petersburg et al, FL
  4     924     $ 13.45     512     $ 5,062     $ 9.88     280     $ 5,593     $ 19.97  
Florida
  47     4,630     $ 14.42     2,716     $ 29,173     $ 10.74     1,327     $ 29,147     $ 21.97  
Atlanta-Sandy Springs et al, GA
  14     1,591     $ 13.39     964     $ 9,241     $ 9.58     470     $ 9,960     $ 21.20  
Gainesville, GA
  1     28     $ 13.32     21     $ 239     $ 11.31     5     $ 111     $ 21.52  
Georgia
  15     1,619     $ 13.39     985     $ 9,479     $ 9.62     475     $ 10,071     $ 21.20  
Lexington-Fayette, KY
  2     299     $ 13.52     218     $ 2,012     $ 9.22     189     $ 3,493     $ 18.49  
Louisville, KY-IN
  1     169     $ 11.76     93     $ 848     $ 9.17     67     $ 1,033     $ 15.31  
Kentucky
  3     468     $ 13.02     311     $ 2,860     $ 9.20     256     $ 4,526     $ 17.66  
Lewiston-Auburn, ME
  1     154     $ 7.87     46     $ 346     $ 7.56     22     $ 186     $ 8.54  
Maine
  1     154     $ 7.87     46     $ 346     $ 7.56     22     $ 186     $ 8.54  
Charlotte-Gastonia et al, NC-SC
  4     319     $ 17.01     154     $ 2,131     $ 13.88     130     $ 2,695     $ 20.69  
Durham, NC
  5     207     $ 13.01     77     $ 846     $ 10.99     80     $ 1,197     $ 14.97  
Raleigh-Cary, NC
  12     1,548     $ 11.64     951     $ 7,467     $ 7.85     512     $ 9,562     $ 18.66  
Southern Pines-Pinehurst, NC
  1     250     $ 8.91     112     $ 565     $ 5.03     66     $ 1,023     $ 15.55  
Wilmington, NC
  1     79     $ 12.77     49     $ 400     $ 8.20     26     $ 559     $ 21.22  
North Carolina
  23     2,405     $ 12.26     1,343     $ 11,409     $ 8.50     815     $ 15,036     $ 18.46  
Hilton Head Island-Beaufort, SC
  1     22     $ 14.97     5     $ 47     $ 9.00     14     $ 247     $ 17.15  
South Carolina
  1     22     $ 14.97     5     $ 47     $ 9.00     14     $ 247     $ 17.15  
Memphis, TN-MS-AR
  7     546     $ 12.17     312     $ 3,285     $ 10.53     135     $ 2,160     $ 15.96  
Tennessee
  7     546     $ 12.17     312     $ 3,285     $ 10.53     135     $ 2,160     $ 15.96  
 
 
 
 
Page 27

 
 
                       
Occupied
     
Annualized
     
Avg. Base
   
Occupied
     
Annualized
     
Avg. Base
 
                       
SF
     
Rents
     
Rents
   
SF
     
Rents
     
Rents
 
   
# of
                                                           
   
Properties
   
GLA
     
Total ABR
       Greater than 10K SF           Less than 10K SF  
Total East Region
  97     9,842     $ 13.46     5,718     $ 56,601     $ 9.90     3,044     $ 61,372     $ 20.16  
                                                                 
Total Retail
  308     31,610     $ 13.53     18,378     $ 175,722     $ 9.56     9,602     $ 202,867     $ 21.13  
                                                                 
Industrial
                                                               
West Region
                                                               
San Diego-Carlsbad et al, CA
  1     145     $ 6.36     65     $ 411     $ 6.31     1     $ 9     $ 10.18  
California
  1     145     $ 6.36     65     $ 411     $ 6.31     1     $ 9     $ 10.18  
                                                                 
Total West Region
  1     145     $ 6.36     65     $ 411     $ 6.31     1     $ 9     $ 10.18  
                                                                 
Central Region
                                                               
Austin-Round Rock, TX
  6     427     $ 9.55     71     $ 649     $ 9.16     274     $ 2,648     $ 9.65  
Dallas-Fort Worth-Arlington, TX
  15     2,327     $ 4.54     1,607     $ 6,675     $ 4.15     368     $ 2,297     $ 6.24  
Houston-Baytown-Sugar Land, TX
  27     2,926     $ 5.52     2,276     $ 11,783     $ 5.18     342     $ 2,662     $ 7.79  
San Antonio, TX
  4     687     $ 5.38     411     $ 2,203     $ 5.36     176     $ 953     $ 5.42  
Texas
  52     6,366     $ 5.41     4,365     $ 21,309     $ 4.88     1,160     $ 8,560     $ 7.38  
Total Central Region
  52     6,366     $ 5.41     4,365     $ 21,309     $ 4.88     1,160     $ 8,560     $ 7.38  
                                                                 
East Region
                                                               
Lakeland, FL
  2     768     $ 4.61     708     $ 3,262     $ 4.61     0     $ 0     $ 0.00  
Tampa-St. Petersburg et al, FL
  3     896     $ 4.04     779     $ 3,137     $ 4.03     17     $ 80     $ 4.65  
Florida
  5     1,665     $ 4.31     1,487     $ 6,399     $ 4.30     17     $ 80     $ 4.65  
Atlanta-Sandy Springs et al, GA
  9     1,560     $ 3.84     1,104     $ 4,180     $ 3.79     25     $ 153     $ 6.12  
Georgia
  9     1,560     $ 3.84     1,104     $ 4,180     $ 3.79     25     $ 153     $ 6.12  
Memphis, TN-MS-AR
  3     685     $ 2.58     576     $ 1,483     $ 2.57     2     $ 8     $ 4.15  
Tennessee
  3     685     $ 2.58     576     $ 1,483     $ 2.57     2     $ 8     $ 4.15  
Richmond, VA
  9     904     $ 5.19     714     $ 3,672     $ 5.14     4     $ 54     $ 14.58  
Virginia
  9     904     $ 5.19     714     $ 3,672     $ 5.14     4     $ 54     $ 14.58  
                                                                 
Total East Region
  26     4,813     $ 4.08     3,881     $ 15,734     $ 4.05     48     $ 295     $ 6.17  
                                                                 
Total Industrial
  79     11,325     $ 4.86     8,312     $ 37,453     $ 4.51     1,209     $ 8,864     $ 7.33  
                                                                 
Joint venture properties are reflected at WRI's pro rata share
                                                     
Occupied SF based on commenced leases
 
# of properties and GLA differ from property list due to new development properties with no commenced leases and the combining of certain properties on the property list
 

 
 
Page 28

 


                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
Property Listing
 
 
                       
                       
                       
                       
                       
                       
                       
                       
                       
                   
                       
                   
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       


 
 

 


 
Weingarten Realty Investors
 
Summary Property Listing
 
As of June 30, 2010
 
                               
         
Gross Leasable Area
 
   
# of
   
WRI
   
Joint Venture
   
Owned by
       
ALL PROPERTIES BY STATE
 
Properties
   
Owned
   
Share
   
Other
   
Total
 
Arizona
    23       2,118,262       -       1,204,412       3,322,674  
Arkansas
    3       358,030       -       -       358,030  
California
    29       3,866,885       889,395       546,242       5,302,523  
Colorado
    11       1,260,262       1,108,758       1,252,257       3,621,273  
Florida
    52       6,436,624       3,293,060       1,349,187       11,071,803  
Georgia
    23       3,228,388       933,066       716,003       4,877,457  
Illinois
    1       303,566       -       -       303,566  
Kansas
    2       250,855       -       -       250,855  
Kentucky
    4       604,105       -       127,614       731,719  
Louisiana
    11       1,146,192       415,590       693,875       2,255,657  
Maine
    1       153,535       51,178       -       204,713  
Missouri
    2       229,232       28,317       -       257,549  
Nevada
    12       2,367,397       -       1,160,131       3,527,528  
New Mexico
    4       474,770       -       216,134       690,904  
North Carolina
    24       2,458,432       181,859       742,374       3,382,665  
Oklahoma
    2       163,996       -       -       163,996  
Oregon
    3       119,939       90,927       62,600       273,466  
South Carolina
    1       21,530       64,590       -       86,120  
Tennessee
    9       1,230,711       674,070       137,740       2,042,521  
Texas
    153       15,499,518       5,364,666       3,028,349       23,892,532  
Utah
    3       306,638       60,772       296,357       663,767  
Virginia
    9       904,159       1,607,058       -       2,511,217  
Washington
    4       81,875       327,497       65,346       474,718  
Grand Total
    386       43,584,901       15,090,803       11,598,621       70,267,253  
                                         
Total Retail
    306       31,882,296       9,805,655       11,397,771       53,078,650  
                                         
Total Industrial
    77       11,421,034       5,285,148       200,850       16,907,032  
                                         
Total Other
    3       281,571       -       -       281,571  
                                         
                                         
Footnotes for detail property listing
                                       
(1) Denotes partial ownership. The square feet figures represent WRI's proportionate ownership of the property held by the joint venture or partnership.
 
(2)  Denotes property currently under development.
 
(3)  Denotes properties that are not consolidated for SEC reporting purposes.
 
(+)  Denotes supermarket or discount store offering full service grocery along with general merchandise.
 
NOTE: Square feet is reflective of area available to be leased. Certain listed properties may have additional square feet under WRI ownership.
 


 
Page 30

 

 
Weingarten Realty Investors
 
Property Listing
 
 As of June 30, 2010  
                       
Gross Leasable Area
 
                             
Joint
             
           
WRI
   
Foot
   
WRI
   
Venture
   
Owned by
       
Center
 
Location
 
Anchors
 
Owned %
   
Notes
   
Owned
   
Share
   
Other
   
Total
 
                                             
Retail
                                           
Operating Properties
                                           
                                             
Arizona
                                           
Palmilla Center
 
Dysart Rd. at McDowell Rd., Avondale
 
Office Max, PetsMart, Dollar Tree, Fry’s Supermarket + (O.B.O.)
  100.00 %         103,568     0     70,255     173,823  
Mohave Crossroads
 
Bullhead Parkway at State Route 95, Bullhead City
 
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  
Raintree Ranch
 
Ray Road at Price Road, Chandler
 
Whole Foods +, Golf Galaxy, Bodhi Wellness Center
  100.00 %         136,230     0     0     136,230  
Arrowhead Festival S.C.
 
75th Ave. at W. Bell Rd., Glendale
 
Borders (O.B.O.), Sports Authority (O.B.O.), Toys “R” Us (O.B.O.), Bed Bath & Beyond (O.B.O.)
  100.00 %         29,834     0     168,624     198,458  
Fry's Ellsworth Plaza
 
Broadway Rd. at Ellsworth Rd., Mesa
 
Fry’s Supermarket + (O.B.O.)
  100.00 %         9,034     0     64,574     73,608  
Monte Vista Village Center
 
Baseline Rd. at  Ellsworth Rd., Mesa
 
Safeway + (O.B.O.)
  100.00 %         45,751     0     62,800     108,551  
Red Mountain Gateway
 
Power Rd. at McKellips Rd., Mesa
 
Target (O.B.O.), Bed Bath & Beyond, Famous Footwear
  100.00 %         69,212     0     136,000     205,212  
The Shoppes at Parkwood Ranch
 
Southern Avenue and Signal Butte Road, Mesa
 
Hobby Lobby, Dollar Tree
  100.00 %         92,626     0     0     92,626  
Camelback Village Square
 
Camelback at 7th Avenue, Phoenix
 
Fry’s Supermarket +, Office Max, Blockbuster
  100.00 %         134,494     0     100,000     234,494  
Laveen Village Market
 
Baseline Rd. at  51st St., Phoenix
 
Fry’s Supermarket + (O.B.O.), Home Depot (O.B.O.)
  100.00 %         40,025     0     71,619     111,644  
Rancho Encanto
 
35th Avenue at Greenway Rd., Phoenix
 
Fresh N Easy +, Family Dollar, Mega Furniture
  100.00 %         66,787     0     0     66,787  
Squaw Peak Plaza
 
16th Street at Glendale Ave., Phoenix
 
Basha's +, Blockbuster
  100.00 %         60,728     0     0     60,728  
Fountain Plaza
 
77th St. at McDowell, Scottsdale
 
Fry’s Supermarket +, Dollar Tree, Lowes (O.B.O.)
  100.00 %         102,271     0     165,000     267,271  
Scottsdale Horizon
 
Frank Lloyd Wright Blvd and Thompson Peak Parkway, Scottsdale
 
Safeway + (O.B.O.)
  100.00 %         10,337     0     0     10,337  
Basha's Valley Plaza
 
S. McClintock at E. Southern, Tempe
 
Basha’s +, Ross Dress for Less
  100.00 %         144,962     0     0     144,962  
Broadway Marketplace
 
Broadway at Rural, Tempe
 
Office Max, Ace Hardware
  100.00 %         82,757     0     0     82,757  
Pueblo Anozira
 
McClintock Dr. at Guadalupe Rd., Tempe
 
Fry’s Food & Drug +, Petco, Dollar Tree
  100.00 %         157,359     0     0     157,359  
Entrada de Oro
 
Magee Road and Oracle Road, Tucson
 
Wal-Mart Neighborhood Market +
  100.00 %         88,665     0     20,406     109,071  
Madera Village
 
Tanque Verde Rd. and Catalina Hwy, Tucson
 
Safeway +, Walgreens, Dollar Tree
  100.00 %         96,732     0     10,594     107,326  
Oracle Crossings
 
Oracle Highway and Magee Road, Tucson
 
Kohl's, Sprouts Farmers Market +
  100.00 %         249,711     0     10,000     259,711  
Oracle Wetmore
 
Wetmore Road and Oracle Highway, Tucson
 
Home Depot (O.B.O.), PetSmart, Walgreens, Ultimate Electronics, Ulta
  100.00 %         149,961     0     105,329     255,290  
Shoppes at Bears Path
 
Tanque Verde Rd. and Bear Canyon Rd., Tucson
 
Osco Drug (O.B.O.), Carondelet Health Care Corp., Leslie Pools
  100.00 %         43,928     0     21,851     65,779  
Arizona Total:
 
# of Properties: 22
                  2,097,140     0     1,204,412     3,301,552  
                                             
Arkansas
                                           
Markham Square
 
W. Markham at John Barrow, Little Rock
 
Burlington Coat Factory
  100.00 %         126,904     0     0     126,904  
Markham West
 
11400 W. Markham, Little Rock
 
Office Depot, Michaels, Academy, Bassett Furniture, Dollar Tree
  100.00 %         178,500     0     0     178,500  
Westgate
 
Cantrell at Bryant, Little Rock
 
SteinMart
  100.00 %         52,626     0     0     52,626  
Arkansas Total:
 
# of Properties: 3
                  358,030     0     0     358,030  
                                             
California
                                           
Jess Ranch Marketplace
 
Bear Valley Road at Jess Ranch Parkway, Apple Valley
 
Winco Foods + (O.B.O.),  Burlington Coat Factory, Petsmart, Rite Aid, Big 5
  50.00 %   (1)(3)     106,561     106,561     93,696     306,818  
Jess Ranch Phase III
 
Bear Valley Road at Jess Ranch Parkway, Apple Valley
 
Best Buy, Cinemark Theatres, Bed Bath & Beyond, 24 Hour Fitness
  50.00 %   (1)(3)     97,028     97,028     0     194,057  
Centerwood Plaza
 
Lakewood Blvd. at Alondra Dr., Bellflower
 
Bestway Supermarket +, Buck-A-Roos
  100.00 %         75,500     0     0     75,500  
Southampton Center
 
IH-780 at Southampton Rd., Benecia
 
Raley’s +, Ace Hardware
  100.00 %         162,764     0     0     162,764  
580 Market Place
 
E. Castro Valley at Hwy. I-580, Castro Valley
 
P. W. Supermarkets +, Petco, 24 Hour Fitness
  100.00 %         100,165     0     0     100,165  
Chino Hills Marketplace
 
Chino Hills Pkwy. at Pipeline Ave., Chino Hills
 
Rite Aid, Von’s +, 24 Hour Fitness, Dollar Tree
  100.00 %         308,406     0     0     308,406  
Buena Vista Marketplace
 
Huntington Dr. at Buena Vista St., Duarte
 
Ralph's +, Dollar Tree
  100.00 %         90,805     0     0     90,805  
El Camino Promenade
 
El Camino Real at Via Molena, Encinitas
 
T.J. Maxx,  Beverages & More, Staples, Golf Galaxy, Dollar Tree
  100.00 %         129,651     0     0     129,651  
Fremont Gateway Plaza
 
Paseo Padre Pkwy. at Walnut Ave., Fremont
 
Raley’s +, 24 Hour Fitness, Big Cinemas
  100.00 %         194,601     0     0     194,601  
Hallmark Town Center
 
W. Cleveland Ave. at Stephanie Ln., Madera
 
Food 4 Less +, Bally Total Fitness
  100.00 %         85,066     0     0     85,066  
Menifee Town Center
 
Antelope Rd. at Newport Rd., Menifee
 
Ralph's +, Ross Dress for Less, Dollar Tree
  100.00 %         124,494     0     124,303     248,797  


 
Page 31

 


Weingarten Realty Investors
 
Property Listing
 
 As of June 30, 2010  
                       
Gross Leasable Area
 
                             
Joint
             
           
WRI
   
Foot
   
WRI
   
Venture
   
Owned by
       
Center
 
Location
 
Anchors
 
Owned %
   
Notes
   
Owned
   
Share
   
Other
   
Total
 
                                             
Marshalls Plaza
 
McHenry at Sylvan Ave., Modesto
 
Marshalls, Dress Barn, Guitar Center
  100.00 %         78,752     0     0     78,752  
Prospectors Plaza
 
Missouri Flat Rd. at US Hwy. 50, Placerville
 
SaveMart +, Kmart, Long’s Drug Store
  100.00 %         227,872     0     0     227,872  
Shasta Crossroads
 
Churn Creek Rd. at Dana Dr., Redding
 
Food Maxx +, Target (O.B.O.), Sports Authority (O.B.O.), Ashley Furniture (O.B.O.)
  100.00 %         121,183     0     131,468     252,651  
Arcade Square
 
Watt Ave. at Whitney Ave., Sacramento
 
Grocery Outlet +, Lifestyle Furniture
  100.00 %         76,497     0     0     76,497  
Discovery Plaza
 
W. El Camino Ave. at Truxel Rd., Sacramento
 
Bel Air Market +
  100.00 %         93,491     0     0     93,491  
Summerhill Plaza
 
Antelope Rd. at Lichen Dr., Sacramento
 
Raley’s +, Dollar Tree
  100.00 %         129,072     0     0     129,072  
Valley
 
Franklin Boulevard and Mack Road, Sacramento
 
Raley's +
  100.00 %         98,240     0     0     98,240  
Silver Creek Plaza
 
E. Capital Expressway at Silver Creek Blvd., San Jose
 
Safeway +, Walgreens, Orchard Supply (O.B.O.)
  100.00 %         132,925     0     65,000     197,925  
Tully Corners Shopping Center
 
Tully Rd at Quimby Rd, San Jose
 
Food Maxx +, Petco
  10.00 %   (1)(3)     11,599     104,393     0     115,992  
Greenhouse Marketplace
 
Lewelling Blvd. at Washington Ave., San Leandro
 
Safeway + (O.B.O.), Longs Drug Stores (O.B.O.), Big Lots, 99 Cents Only, Factory 2 U
  100.00 %         152,095     0     86,569     238,664  
Rancho San Marcos Village
 
San Marcos Blvd. at Rancho Santa Fe Rd., San Marcos
 
Von’s +, 24 Hour Fitness
  100.00 %         120,829     0     0     120,829  
San Marcos Plaza
 
San Marcos Blvd. at Rancho Santa Fe Rd., San Marcos
 
Albertsons + (O.B.O.)
  100.00 %         35,880     0     45,206     81,086  
Stony Point Plaza
 
Stony Point Rd. at Hwy. 12, Santa Rosa
 
Food Maxx +
  100.00 %         198,528     0     0     198,528  
Sunset Center
 
Sunset Ave. at State Hwy. 12, Suisun City
 
Rite Aid
  100.00 %         85,238     0     0     85,238  
Creekside Center
 
Alamo Dr. at Nut Creek Rd., Vacaville
 
Raley’s +, Blockbuster
  100.00 %         116,229     0     0     116,229  
Freedom Centre
 
Freedom Blvd. At Airport Blvd., Watsonville
 
Rite Aid, Big Lots, Safeway +, Ace Hardware
  100.00 %         150,241     0     0     150,241  
Westminster Center
 
Westminster Blvd. at Golden West St., Westminster
 
Albertsons +, Home Depot, Edward’s Cinema, Rite Aid, Petco, Ross Dress for Less
  100.00 %         417,820     0     0     417,820  
California Total:
 
# of Properties: 28
                  3,721,532     307,982     546,242     4,575,757  
                                             
Colorado
                                           
Aurora City Place
 
E. Alameda at I225, Aurora
 
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  
Academy Place
 
Academy Blvd. at Union Blvd., Colorado Springs
 
Safeway + (O.B.O.), Ross Dress For Less, Target (O.B.O.)
  100.00 %         83,878     0     206,586     290,464  
Uintah Gardens
 
NEC 19th St. at West Uintah, Colorado Springs
 
King Sooper’s +, Walgreens, Petco, Big 5 Sporting Goods, ARC Thrift
  100.00 %         215,438     0     0     215,438  
Green Valley Ranch Towne Center
 
Tower Rd. at 48th Ave., Denver
 
King Sooper’s + (O.B.O.)
  50.00 %   (1)(3)     28,474     28,474     58,000     114,947  
Lowry Town Center
 
2nd Ave. at Lowry Ave., Denver
 
Albertsons + (O.B.O.)
  50.00 %   (1)(3)     38,370     38,370     52,700     129,439  
CityCenter Englewood
 
S. Santa Fe at Hampden Ave., Englewood
 
Wal-Mart (O.B.O.), Ross Dress for Less, Sports Authority, Office Depot, Bally Total Fitness, Petco
  51.00 %   (1)(3)     137,346     131,960     90,000     359,305  
Crossing at Stonegate
 
Jordon Rd. at Lincoln Ave., Parker
 
King Sooper’s +
  51.00 %   (1)(3)     55,620     53,438     0     109,058  
Thorncreek Crossing
 
Washington St. at 120th St., Thornton
 
Super Target + (O.B.O.), 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
 
North Federal Blvd. at 72nd Ave., Westminster
 
Safeway +, Walgreens (O.B.O.)
  50.00 %   (1)     48,521     48,521     14,100     111,142  
Colorado Total:
 
# of Properties: 9
                  898,479     587,352     777,386     2,263,213  
                                             
Florida
                                           
Boca Lyons
 
Glades Rd. at Lyons Rd., Boca Raton
 
Ross Dress for Less, Ethan Allen, Dollar Tree
  100.00 %         113,689     0     0     113,689  
Countryside Centre
 
US Highway 19 at Countryside Boulevard, Clearwater
 
Publix +, T.J. Maxx, Home Goods
  100.00 %         242,417     0     0     242,417  
Sunset 19
 
US Hwy. 19 at Sunset Pointe Rd., Clearwater
 
Publix +, Bed Bath & Beyond, Staples, Comp USA, Barnes & Noble, Sports Authority, Old Navy
  100.00 %         275,910     0     0     275,910  
Embassy Lakes
 
Sheraton St. at Hiatus Rd., Cooper City
 
Winn Dixie +, Walgreens, Tuesday Morning
  100.00 %         131,723     0     48,214     179,937  
Paradise Key at Kelly Plantation
 
US Highway 98 and Mid Bay Bridge Rd, Destin
 
Publix +, Bed Bath & Beyond, Ross, Old Navy, SteinMart
  10.00 %   (1)(3)     27,178     244,599     0     271,777  
Shoppes at Paradise Isle
 
34940 Emerald Coast Pkwy, Destin
 
Best Buy, Michaels, Office Depot, PetsMart
  25.00 %   (1)(3)     42,918     128,752     0     171,670  
Hollywood Hills Plaza
 
Hollywood Blvd. at North Park Rd., Hollywood
 
Publix +, Target, CVS/pharmacy
  20.00 %   (1)     72,943     291,771     0     364,714  
Indian Harbour Place
 
East Eau Gallie Boulevard, Indian Harbour Beach
 
Beall's, Publix +
  25.00 %   (1)(3)     40,880     122,641     0     163,521  
Argyle Village
 
Blanding at Argyle Forest Blvd., Jacksonville
 
Bed Bath & Beyond, Publix +, T.J. Maxx, Babies “R” Us, Jo-Ann’s Fabrics, Michaels
  100.00 %         312,447     0     0     312,447  
TJ Maxx Plaza
 
117th Avenue at Sunset Blvd., Kendall
 
T.J. Maxx, Winn Dixie +
  100.00 %         161,083     0     0     161,083  
Largo Mall
 
Ulmerton Rd. at Seminole Ave., Largo
 
Beall’s, Marshalls, PetsMart, Bed Bath & Beyond, Staples, Michaels, Target (O.B.O.), Albertsons + (O.B.O.)
  100.00 %         377,616     0     197,631     575,247  


 
Page 32

 

Weingarten Realty Investors
 
Property Listing
 
As of June 30, 2010  
                       
Gross Leasable Area
 
                             
Joint
             
           
WRI
   
Foot
   
WRI
   
Venture
   
Owned by
       
Center
 
Location
 
Anchors
 
Owned %
   
Notes
   
Owned
   
Share
   
Other
   
Total
 
                                             
Palm Lakes Plaza
 
Atlantic Boulevard and Rock Island Road, Maragate
 
Publix +, CVS/pharmacy
  20.00 %   (1)(3)     22,750     91,002     0     113,752  
Lake Washington Crossing
 
Wickham Rd. at Lake Washington Rd., Melbourne
 
Publix +
  25.00 %   (1)(3)     29,707     89,121     0     118,828  
Lake Washington Square
 
Wickham Rd. at Lake Washington Rd., Melbourne
 
Tuesday Morning
  100.00 %         111,811     0     0     111,811  
Kendall Corners
 
Kendall Drive and SW 127th Avenue, Miami
 
Ashley Furniture
  20.00 %   (1)(3)     19,294     77,178     0     96,472  
South Dade
 
South Dixie Highway and Eureka Drive, Miami
 
Publix +, Petco, Chuck E. Cheese, Bed Bath & Beyond
  20.00 %   (1)(3)     43,895     175,578     0     219,473  
Tamiami Trail Shops
 
S.W. 8th St. at S.W. 137th Ave., Miami
 
Publix +, CVS/pharmacy
  20.00 %   (1)(3)     22,173     88,694     0     110,867  
Northridge
 
E. Commercial Blvd. at Dixie Hwy., Oakland Park
 
Publix +, Petco, Ross Dress for Less, Anna's Linens, Bally Total Fitness
  20.00 %   (1)(3)     47,234     188,936     0     236,170  
Colonial Landing
 
East Colonial Dr. at Maguire Boulevard, Orlando
 
Bed Bath & Beyond, PetsMart, Jo Ann Fabrics, The Sports Authority, HH Gregg
  50.00 %   (1)     131,768     131,768     0     263,537  
Colonial Plaza
 
E. Colonial Dr. at Primrose Dr., Orlando
 
Staples, Ross Dress for Less, Babies “R” Us, Marshalls, Old Navy, SteinMart, Barnes & Noble, Petco, Big Lots, Hobby Lobby
  100.00 %         502,928     0     0     502,928  
International Drive Value Center
 
International Drive and Touchstone Drive, Orlando
 
Bed Bath & Beyond, Ross Dress for Less, T.J. Maxx
  20.00 %   (1)(3)     37,133     148,531     0     185,664  
Market at Southside
 
Michigan Ave. at Delaney Ave., Orlando
 
Ross Dress for Less, Beall’s, Dollar Tree
  100.00 %         95,208     0     64,627     159,835  
Phillips Crossing
 
Interstate 4 and Sand Lake Road, Orlando
 
Whole Foods +, Golf Galaxy, Michaels
  100.00 %         145,704     0     0     145,704  
Phillips Landing
 
Turkey Lake Rd., Orlando
 
Wal-Mart (O.B.O.), Planet Fitness
  100.00 %         66,223     0     219,815     286,038  
The Marketplace at Dr. Phillips
 
Dr. Phillips Boulevard and Sand Lake Road, Orlando
 
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
 
Semoran Blvd. at Pershing Ave., Orlando
 
Save Rite +, Dollar Tree
  100.00 %         101,486     0     0     101,486  
Westland Terrace Plaza
 
SR 50 at Apopka Vineland Rd., Orlando
 
T.J. Maxx, Petco, Shoe Carnival, Super Target + (O.B.O.)
  100.00 %         77,521     0     183,000     260,521  
Alafaya Square
 
Alafaya Trail, Oviedo
 
Publix +
  20.00 %   (1)(3)     35,297     141,189     0     176,486  
University Palms
 
Alafaya Trail at McCullough Rd., Oviedo
 
Publix +
  30.00 %   (1)     29,752     69,420     0     99,172  
Palm Coast Center
 
State Road 100 & Belle Terre Parkway, Palm Coast
 
Super Target (O.B.O.) +, PetsMart, T.J. Maxx, Ross Dress for Less, Michaels
  50.00 %   (1)(3)     83,398     83,398     189,398     356,195  
East Lake Woodlands
 
East Lake Road and Tampa Road, Palm Harbor
 
Walgreens
  20.00 %   (1)(3)     28,021     112,082     0     140,103  
Shoppes at Parkland
 
Hillsboro Boulevard at State Road #7, Parkland
 
BJ's Wholesale Club +
  30.00 %   (1)     43,696     101,956     0     145,652  
Flamingo Pines
 
Pines Blvd. at Flamingo Rd., Pembroke Pines
 
Publix +
  20.00 %   (1)(3)     25,284     101,135     0     126,419  
Flamingo Pines
 
Pines Blvd. at Flamingo Rd., Pembroke Pines
 
U.S. Post Office, Keiser College
  100.00 %         130,942     0     105,350     236,292  
Pembroke Commons
 
University at Pines Blvd., Pembroke Pines
 
Publix +, Marshalls, Office Depot, LA Fitness
  20.00 %   (1)(3)     60,761     243,044     0     303,805  
Publix at Laguna Isles
 
Sheridan St. at SW 196th Ave., Pembroke Pines
 
Publix +
  100.00 %         69,475     0     0     69,475  
Vizcaya Square
 
Nob Hill Rd. at Cleary Blvd., Plantation
 
Winn Dixie +, Blockbuster
  100.00 %         112,410     0     0     112,410  
Quesada Commons
 
Quesada Avenue and Toledo Blade Boulevard, Port Charlotte
 
Publix +
  25.00 %   (1)(3)     14,722     44,168     0     58,890  
Shoppes of Port Charlotte
 
Toledo Blade Boulevard and Tamiami Trail, Port Charlotte
 
Chick-Fil-A
  25.00 %   (1)(3)     980     2,941     0     3,921  
Shoppes of Port Charlotte
 
Toledo Blade Boulevard and Tamiami Trail, Port Charlotte
 
Petco
  25.00 %   (1)(3)     10,253     30,758     0     41,011  
Marketplace at Seminole Towne Center
 
Central Florida Greenway and Rinehart Road,
 
The Sports Authority, DSW, Marshalls, Old Navy, Petco, Super Target + (O.B.O.)
  100.00 %         312,253     0     185,000     497,253  
Epic Village - St. Augustine
 
SR 207 at Rolling Hills Dr, St. Augustine
 
Epic Theaters (O.B.O.)
  70.00 %   (1)     6,103     2,615     51,977     53,625  
Pineapple Commons
 
Us Highway 1 and Britt Rd., Stuart
 
City Furniture, Best Buy, Ross Dress for Less, PetsMart, Marshalls
  20.00 %   (1)(3)     49,803     199,211     0     249,014  
Sunrise West Shopping Center
 
West Commercial Drive and NW 91st Avenue, Sunrise
 
Publix +
  25.00 %   (1)(3)     19,080     57,241     0     76,321  
Venice Pines
 
Center Rd. at Jacaranda Blvd., Venice
 
Sweet Bay +
  100.00 %         97,303     0     0     97,303  
Winter Park Corners
 
Aloma Ave. at Lakemont Ave., Winter Park
 
Whole Foods Market +
  100.00 %         102,382     0     0     102,382  
Florida Total:
 
# of Properties: 45
                  4,550,776     3,228,615     1,245,012     9,017,335  
                                             
Georgia
                                           
Lakeside Marketplace
 
Cobb Parkway (US Hwy 41), Acworth
 
Ross Dress for Less, Petco, Office Max, Books-A-Million, Super Target + (O.B.O.)
  100.00 %         147,688     0     174,000     321,688  
Mansell Crossing
 
North Point Parkway at Mansell Rd, Alpharetta
 
Bed Bath & Beyond, Ross Dress for Less, Rooms to Go
  20.00 %   (1)(3)     20,586     82,345     0     102,931  
Camp Creek Marketplace II
 
Camp Creek Parkway and Carmla Drive, Atlanta
 
Shopper's World, DSW, American Signature, LA Fitness
  100.00 %         196,283     0     0     196,283  
Cherokee Plaza
 
Peachtree Road and Colonial Drive, Atlanta
 
Kroger +
  30.00 %   (1)     29,925     69,824     0     99,749  
Perimeter Village
 
Ashford-Dunwoody Rd, Atlanta
 
Wal-Mart Supercenter +, Cost Plus World Market, DSW, Borders, Hobby Lobby
  100.00 %         387,755     0     0     387,755  
Publix at Princeton Lakes
 
Carmia Drive and Camp Creek Drive, Atlanta
 
Publix +
  20.00 %   (1)     13,681     54,726     0     68,407  
Brookwood Square
 
East-West Connector at Austell Rd., Austell
 
Marshalls, Staples
  100.00 %         253,448     0     0     253,448  
Dallas Commons
 
US Highway 278 and Nathan Dean Boulevard,
 
Kroger + (O.B.O.)
  100.00 %         25,158     0     70,104     95,262  


 
Page 33

 

Weingarten Realty Investors
 
Property Listing
 
As of June 30, 2010  
                       
Gross Leasable Area
 
                             
Joint
             
           
WRI
   
Foot
   
WRI
   
Venture
   
Owned by
       
Center
 
Location
 
Anchors
 
Owned %
   
Notes
   
Owned
   
Share
   
Other
   
Total
 
                                             
Reynolds Crossing
 
Steve Reynolds and Old North Cross Rd., Duluth
 
Kroger + (O.B.O.)
  100.00 %         45,758     0     70,225     115,983  
Thompson Bridge Commons
 
Thompson Bridge Rd. at Mt. Vernon Rd.,
 
Kroger +
  30.00 %   (1)     27,776     64,811     0     92,587  
Grayson Commons
 
Grayson Hwy at Rosebud Rd., Grayson
 
Kroger +
  100.00 %         76,611     0     0     76,611  
Sandy Plains Exchange
 
Sandy Plains at Scufflegrit, Marietta
 
Publix +
  30.00 %   (1)     21,835     50,949     0     72,784  
Brownsville Commons
 
Brownsville Road and Hiram-Lithia Springs Road, Powder Springs
 
Kroger + (O.B.O.)
  100.00 %         27,747     0     54,139     81,886  
Roswell Corners
 
Woodstock Rd. at Hardscrabble Rd., Roswell
 
Staples, T.J. Maxx, Super Target + (O.B.O.)
  100.00 %         144,964     0     173,535     318,499  
Brookwood Marketplace
 
Peachtree Parkway at Mathis Airport Rd., Suwannee
 
Office Max, Home Depot, Bed Bath & Beyond, Super Target + (O.B.O.)
  100.00 %         199,594     0     174,000     373,594  
Georgia Total:
 
# of Properties: 15
                  1,618,809     322,655     716,003     2,657,467  
                                             
Illinois
                                           
Burbank Station
 
S. Cicero Ave. at W. 78th St., Burbank
 
Babies "R" Us, Food For Less +, AJ Wright, Office Max, The Sports Authority, Petsmart
  100.00 %         303,566     0     0     303,566  
Illinois Total:
 
# of Properties: 1
                  303,566     0     0     303,566  
                                             
Kansas
                                           
Shawnee Village
 
Shawnee Mission Pkwy. at Quivera Rd., Shawnee
 
Burlington Coat Factory
  100.00 %         135,139     0     0     135,139  
Kohl's
 
Wanamaker Rd. at S.W. 17th St., Topeka
 
Barnes & Noble, Kohl’s Department Store
  100.00 %         115,716     0     0     115,716  
Kansas Total:
 
# of Properties: 2
                  250,855     0     0     250,855  
                                             
Kentucky
                                           
Millpond Center
 
Boston at Man O’War, Lexington
 
Kroger +
  100.00 %         124,567     0     27,000     151,567  
Regency Shopping Centre
 
Nicholasville Rd.& West Lowry Lane, Lexington
 
T.J. Maxx, Michaels, Kroger + (O.B.O.)
  100.00 %         136,262     0     46,044     182,306  
Tates Creek
 
Tates Creek at Man O’ War, Lexington
 
Kroger +, Rite Aid
  100.00 %         174,290     0     5,160     179,450  
Festival at Jefferson Court
 
Outer Loop at Jefferson Blvd., Louisville
 
Kroger +, PetsMart (O.B.O.), Factory Card Outlet, Staples, AJ Wright (O.B.O.)
  100.00 %         168,986     0     49,410     218,396  
Kentucky Total:
 
# of Properties: 45
                  604,105     0     127,614     731,719  
                                             
Louisiana
                                           
Town & Country Plaza
 
U.S. Hwy. 190 West, Hammond
 
Winn Dixie +, Office Depot, CVS/pharmacy, Ross
  100.00 %         227,352     0     0     227,352  
Manhattan Place
 
Manhattan Blvd. at Gretna Blvd., Harvey
 
Target (O.B.O.), Ross Dress for Less, Stage, K&G Fashion
  100.00 %         142,315     0     139,300     281,615  
River Marketplace
 
Ambassador Caffery at Kaliste Saloom, Lafayette
 
Ross Dress for Less, Stage, Cost Plus, Super Target + (O.B.O.), Books-A-Million
  7.80 %   (1)(3)     13,139     147,100     174,700     334,939  
Westwood Village
 
W. Congress at Bertrand, Lafayette
 
Rouses Supermarket +, Stage
  100.00 %         135,896     0     0     135,896  
14/Park Plaza
 
Hwy. 14 at General Doolittle, Lake Charles
 
Kroger +, Conn’s, Burke's Outlet, Anna's Linens, Family Dollar
  100.00 %         172,068     0     0     172,068  
K-Mart Plaza
 
Ryan St., Lake Charles
 
Albertsons +, Kmart, Stage
  50.00 %   (1)(3)     107,974     107,974     0     215,948  
Prien Lake Plaza
 
Prien Lake Rd. at Nelson Rd., Lake Charles
 
Target (O.B.O.), 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
 
Ryan at Eddy, Lake Charles
 
Market Basket +, Office Depot, Books-A-Million
  100.00 %         151,588     0     0     151,588  
Danville Plaza
 
Louisville at 19th, Monroe
 
County Market +, Citi Trends, Surplus Warehouse
  100.00 %         141,380     0     0     141,380  
Orleans Station
 
Paris, Robert E. Lee at Chatham, New Orleans
 
Vacant
  100.00 %         0     0     0     0  
University Place
 
70th St. at Youree Dr., Shreveport
 
Super Target + (O.B.O.), Best Buy, T.J. Maxx, CVS/pharmacy (O.B.O), Bed Bath & Beyond
  20.40 %   (1)(3)     41,137     160,516     174,500     376,153  
University Place
 
71st St. at Youree Dr., Shreveport
      100.00 %         5,100     0     0     5,100  
Louisiana Total:
 
# of Properties: 11
                  1,146,192     415,590     693,875     2,255,657  
                                             
Maine
                                           
The Promenade
 
Essex at Summit, Lewiston
 
Staples, Flagship Cinemas
  75.00 %   (1)     153,535     51,178     0     204,713  
Maine Total:
 
# of Properties: 1
                  153,535     51,178     0     204,713  
                                             
Missouri
                                           
Ballwin Plaza
 
Manchester Rd. at Vlasis Dr., Ballwin
 
Schnucks +, Michaels, Sears Hardware
  100.00 %         200,915     0     0     200,915  
Western Plaza
 
Hwy 141 at Hwy 30, Fenton
 
O'Reilly Automotive, Value Village
  50.00 %   (1)(3)     28,317     28,317     0     56,634  


 
Page 34

 

Weingarten Realty Investors
 
Property Listing
 
As of June 30, 2010  
                       
Gross Leasable Area
 
                             
Joint
             
           
WRI
   
Foot
   
WRI
   
Venture
   
Owned by
       
Center
 
Location
 
Anchors
 
Owned %
   
Notes
   
Owned
   
Share
   
Other
   
Total
 
                                             
Missouri Total:
 
# of Properties: 2
                  229,232     28,317     0     257,549  
                                             
Nevada
                                           
Eastern Horizon
 
Eastern Ave. at  Horizon Ridge Pkwy., Henderson
 
Kmart + (O.B.O.), Trader Joe's +
  100.00 %         66,408     0     143,879     210,287  
Best in the West
 
Rainbow at Lake Mead Rd., Las Vegas
 
Best Buy, Borders, Bed Bath & Beyond, Babies "R" Us, DSW Shoes, Office Depot, Old Navy, PetsMart, Jo-Ann Stores, The Sports Authority, Ulta
  100.00 %         428,404     0     0     428,404  
Charleston Commons
 
Charleston and Nellis, Las Vegas
 
Wal-Mart +, Ross, Office Max, 99 Cents Only, PetsMart
  100.00 %         332,539     0     0     332,539  
College Park S.C.
 
E. Lake Mead Blvd. at Civic Ctr. Dr., North Las Vegas
 
El Super +, Sav-On Drugs, Anna's Linens, Factory 2 U
  100.00 %         167,654     0     0     167,654  
Francisco Centre
 
E. Desert Inn Rd. at S. Eastern Ave., Las Vegas
 
Ross Dress for Less (O.B.O.), Fallas Paredes, La Bonita Grocery +
  100.00 %         116,973     0     31,842     148,815  
Mission Center
 
Flamingo Rd. at Maryland Pkwy, Las Vegas
 
Sav-On Drug-CVS (O.B.O.), Albertsons + (O.B.O.), Toys “R” Us, T.J. Maxx
  100.00 %         152,475     0     60,018     212,493  
Paradise Marketplace
 
Flamingo Rd. at Sandhill, Las Vegas
 
Smith’s Food + (O.B.O.), Dollar Tree
  100.00 %         78,218     0     70,495     148,713  
Rainbow Plaza
 
Rainbow Blvd. at Charleston Blvd., Las Vegas
 
Albertsons +, JC Penney, Ultimate Electronics, Home Depot, 24 Hour Fitness
  100.00 %         273,916     0     0     273,916  
Rainbow Plaza, Phase I
 
Rainbow Blvd. at Charleston Blvd., Las Vegas
 
Albertsons +, JC Penney, Ultimate Electronics, Home Depot, 24 Hour Fitness
  100.00 %         136,369     0     0     136,369  
Rancho Towne & Country
 
Rainbow Blvd. at Charleston Blvd., Las Vegas
 
Smith’s Food +
  100.00 %         84,743     0     0     84,743  
Tropicana Beltway
 
Tropicana Beltway at Fort Apache Rd., Las Vegas
 
Lowe’s (O.B.O.), Wal-Mart Supercenter + (O.B.O.), PetsMart, Office Depot, Ross Dress for Less, 99 Cent Only, Sports Authority
  100.00 %         246,483     0     394,271     640,754  
Tropicana Marketplace
 
Tropicana at Jones Blvd., Las Vegas
 
Smith’s Food + (O.B.O.), Family Dollar
  100.00 %         71,460     0     73,168     144,628  
Westland Fair North
 
Charleston Blvd. At Decatur Blvd., Las Vegas
 
Wal-Mart Supercenter + (O.B.O.), Lowe’s (O.B.O.), PetsMart, Office Depot, Michaels, Anna's Linens
  100.00 %         211,755     0     386,458     598,213  
Nevada Total:
 
# of Properties: 12
                  2,367,397     0     1,160,131     3,527,528  
                                             
New Mexico
                                           
Eastdale
 
Candelaria Rd. at Eubank Blvd., Albuquerque
 
Albertsons +, Family Dollar
  100.00 %         119,111     0     0     119,111  
North Towne Plaza
 
Academy Rd. at Wyoming Blvd., Albuquerque
 
Whole Foods Market +, Borders
  100.00 %         107,902     0     0     107,902  
Pavillions at San Mateo
 
I-40 at San Mateo, Albuquerque
 
Old Navy, Shoe Department, Skechers, Pima Medical Institute, Ultimate Electronics, Dollar Tree
  100.00 %         196,044     0     0     196,044  
Wyoming Mall
 
Academy Rd. at Northeastern, Albuquerque
 
Wal-Mart Supercenter + (O.B.O.), Dollar Tree
  100.00 %         51,713     0     216,134     267,847  
New Mexico Total:
 
# of Properties: 4
                  474,770     0     216,134     690,904  
                                             
North Carolina
                                           
Capital Square
 
Capital Blvd. at Huntleigh Dr., Cary
 
Food Lion +
  100.00 %         143,063     0     0     143,063  
Harrison Pointe
 
Harrison Ave. at Maynard Rd., Cary
 
Harris Teeter +, Staples
  100.00 %         130,934     0     0     130,934  
High House Crossing
 
NC Hwy 55 at Green Level W. Rd., Cary
 
Harris Teeter +
  100.00 %         89,997     0     0     89,997  
Northwoods Market
 
Maynard Rd. at Harrison Ave., Cary
 
Food Lion +
  100.00 %         77,802     0     0     77,802  
Parkway Pointe
 
Cory Parkway at S. R. 1011, Cary
 
Food Lion +, Rite Aid
  100.00 %         80,061     0     0     80,061  
Chatham Crossing
 
US 15/501 at Plaza Dr., Chapel Hill
 
Lowes Food +, CVS/pharmacy
  25.00 %   (1)(3)     24,039     72,116     0     96,155  
Cole Park Plaza
 
US 15/501 and Plaza Dr., Chapel Hill
 
Dollar General
  25.00 %   (1)(3)     20,564     61,694     0     82,258  
Galleria
 
Galleria Boulevard and Sardis Road, Charlotte
 
Off Broadway Shoes, Wal-Mart (O.B.O.)
  100.00 %         120,604     0     207,602     328,206  
Johnston Road Plaza
 
Johnston Rd. at McMullen Creek Pkwy., Charlotte
 
Food Lion +
  100.00 %         79,508     0     0     79,508  
Steele Creek Crossing
 
York Rd. at Steele Creek Rd., Charlotte
 
BI-LO +, Rite Aid
  100.00 %         77,301     0     0     77,301  
Whitehall Commons
 
NWC of Hwy. 49 at I-485, Charlotte
 
Blockbuster, Wal-Mart Supercenter + (O.B.O.), Lowes (O.B.O.), BI-LO + (O.B.O.)
  100.00 %         41,941     0     402,620     444,561  
Bull City Market
 
Broad St. at West Main St., Durham
 
Whole Foods Market +
  100.00 %         42,517     0     0     42,517  
Mineral Springs Village
 
Mineral Springs Rd. at Wake Forest Rd., Durham
 
Rite Aid
  100.00 %         59,859     0     0     59,859  
Ravenstone Commons
 
Hwy 98 at Sherron Rd., Durham
 
Food Lion +, Blockbuster
  100.00 %         60,424     0     0     60,424  
Pinecrest Plaza
 
Hwy. 15-501 at Morganton Rd., Pinehurst
 
Food Lion +, Michaels, Belk’s
  100.00 %         250,140     0     0     250,140  
Avent Ferry
 
Avent Ferry Rd. at Gorman St., Raleigh
 
Food Lion +, Family Dollar
  100.00 %         111,622     0     0     111,622  
Falls Pointe
 
Neuce Rd. at Durant Rd., Raleigh
 
Harris Teeter +, Kohl’s (O.B.O.)
  100.00 %         106,981     0     86,350     193,331  
Leesville Town Centre
 
Leesville Rd. at Leesville Church Rd., Raleigh
 
Harris Teeter +, Rite Aid
  100.00 %         114,396     0     0     114,396  
Little Brier Creek
 
Little Brier Creek Lane and Brier Leaf Lane, Raleigh
 
Lowe's Food + (O.B.O.)
  100.00 %         17,119     0     45,802     62,921  
Six Forks Station
 
Six Forks Rd. at Strickland Rd., Raleigh
 
Kmart, Home Depot, Food Lion +, Bed Bath & Beyond, Borders
  100.00 %         467,270     0     0     467,270  
Stonehenge Market
 
Creedmoor Rd. at Bridgeport Dr., Raleigh
 
Harris Teeter +, SteinMart
  100.00 %         188,521     0     0     188,521  


 
Page 35

 
 

Weingarten Realty Investors
 
Property Listing
 
As of June 30, 2010  
                       
Gross Leasable Area
 
                             
Joint
             
           
WRI
   
Foot
   
WRI
   
Venture
   
Owned by
       
Center
 
Location
 
Anchors
 
Owned %
   
Notes
   
Owned
   
Share
   
Other
   
Total
 
                                             
Heritage Station
 
Forestville Rd. at Rogers Rd., Wake Forest
 
Harris Teeter +
  30.00 %   (1)     20,592     48,049     0     68,641  
North Carolina Total:
 
# of Properties: 22
                  2,325,255     181,859     742,374     3,249,488  
                                             
Oklahoma
                                           
Market Boulevard
 
E. Reno Ave. at N. Douglas Ave., Midwest City
 
Color Tyme
  100.00 %         35,765     0     0     35,765  
Town and Country
 
Reno Ave at North Air Depot, Midwest City
 
Office Depot, Big Lots, Westlake Hardware, Aaron Rents
  100.00 %         128,231     0     0     128,231  
Oklahoma Total:
 
# of Properties: 2
                  163,996     0     0     163,996  
                                             
Oregon
                                           
Clackamas Square
 
SE 82nd Avenue and SE Causey Avenue, Portland
 
T.J. Maxx, Winco Foods + (O.B.O.)
  20.00 %   (1)(3)     14,828     59,311     62,600     136,739  
Oak Grove Market Center
 
SE Mcloughlin Blvd & Oak Grove Ave, Portland
 
Safeway +
  100.00 %         97,207     0     0     97,207  
Raleigh Hills Plaza
 
SW Beaverton-Hillsdale Hwy and SW Scholls Ferry Road, Portland
 
Walgreens, New Seasons Market +
  20.00 %   (1)(3)     7,904     31,616     0     39,520  
Oregon Total:
 
# of Properties: 3
                  119,939     90,927     62,600     273,466  
                                             
South Carolina
                                           
Fresh Market Shoppes
 
890 William Hilton Head Pkwy, Hilton Head
 
The Fresh Market +
  25.00 %   (1)(3)     21,530     64,590     0     86,120  
South Carolina Total:
 
# of Properties: 1
                  21,530     64,590     0     86,120  
                                             
Tennessee
                                           
Bartlett Towne Center
 
Bartlett Blvd. at Stage Rd., Bartlett
 
Kroger +, Petco,  Dollar Tree, Shoe Carnival
  100.00 %         192,324     0     0     192,324  
Commons at Dexter Lake
 
Dexter at N. Germantown, Memphis
 
Kroger +, SteinMart, Marshalls
  30.00 %   (1)     50,087     116,871     0     166,958  
Commons at Dexter Lake Phase II
 
Dexter at N. Germantown, Memphis
 
Kroger +, SteinMart, Marshalls
  30.00 %   (1)     18,461     43,077     0     61,538  
Highland Square
 
Summer at Highland, Memphis
 
Walgreens
  100.00 %         14,490     0     0     14,490  
Mendenhall Commons
 
South Mendenahall Rd. and Sanderlin Avenue, Memphis
 
Kroger +
  30.00 %   (1)     25,154     58,693     0     83,847  
Summer Center
 
Summer Ave. at Waring Rd., Memphis
 
Kroger +, Ross Dress for Less
  100.00 %         137,335     0     0     137,335  
Tennessee Total:
 
# of Properties: 5
                  437,851     218,641     0     656,492  
                                             
Texas
                                           
Bell Plaza
 
45th Ave. at Bell St., Amarillo
 
United Supermarket +, Dollar Tree
  15.00 %   (1)     19,579     110,950     0     130,529  
Coronado
 
34th St. at Wimberly Dr., Amarillo
 
Blockbuster
  100.00 %         48,149     0     0     48,149  
Calder
 
Calder at 24th St., Beaumont
 
Harmony Science Academy
  100.00 %         34,641     0     0     34,641  
North Park Plaza
 
Eastex Fwy. at Dowlen, Beaumont
 
Target (O.B.O.), Anna’s Linens, David’s Bridal, Toys “R” Us (O.B.O.)
  50.00 %   (1)(3)     70,036     70,036     141,329     281,401  
Phelan
 
Phelan at 23rd St, Beaumont
 
Kroger + (O.B.O.)
  100.00 %         12,000     0     0     12,000  
Phelan West
 
Phelan at 23rd St., Beaumont
 
Kroger + (O.B.O.)
  66.70 %   (1)(3)     15,552     7,779     58,890     82,221  
Gateway Station
 
I-35W and McAlister Rd., Burleson
 
Conn's
  70.00 %   (1)     47,950     20,550     0     68,500  
Lone Star Pavilions
 
Texas at Lincoln Ave., College Station
 
Best Buy, Office Depot, Barnes & Noble
  100.00 %         106,907     0     0     106,907  
Montgomery Plaza
 
Loop 336 West at I-45, Conroe
 
Academy, Conn’s, 99 Cents Only, Petco, Anna's Linens, Spec's
  100.00 %         305,671     0     0     305,671  
Moore Plaza
 
S. Padre Island Dr. at Staples, Corpus Christi
 
Office Depot, Marshalls, H. E. B. +, (O.B.O.), Target (O.B.O.), Old Navy, Hobby Lobby, Steinmart
  100.00 %         372,035     0     161,909     533,944  
Horne Street Market
 
I-30 & Horne Street, Fort Worth
 
24 Hour Fitness
  100.00 %         42,267     0     0     42,267  
Overton Park Plaza
 
SW Loop 820/Interstate 20 at South Hulen St., Ft. Worth
 
Sports Authority, PetsMart, Office Depot, T.J. Maxx,  Home Depot (O.B.O.), Goody, Anna’s Linens, Sprouts Farmers Market +
  100.00 %         355,302     0     110,000     465,302  
Broadway
 
Broadway at 59th St., Galveston
 
Big Lots, Family Dollar
  15.00 %   (1)     11,228     63,628     0     74,856  
Food King Place
 
25th St. at Avenue P, Galveston
 
Vacant
  100.00 %         28,062     0     0     28,062  
Galveston Place
 
Central City Blvd. at 61st St., Galveston
 
Randall’s +, Office Depot, Spec's Liquor, Palais Royal
  100.00 %         210,187     0     0     210,187  
10/Federal
 
I-10 at Federal, Houston
 
Citi Trends, Palais Royal, Sellers Bros. +
  15.00 %   (1)     19,871     112,601     0     132,472  
Alabama-Shepherd
 
S. Shepherd at W. Alabama, Houston
 
PetsMart
  100.00 %         56,110     0     0     56,110  
Bayshore Plaza
 
Spencer Hwy. at Burke Rd., Houston
 
Fitness Connections (O.B.O.)
  100.00 %         35,434     0     86,000     121,434  
Bellaire Boulevard
 
Bellaire at S. Rice, Houston
 
Randall’s +
  30.00 %   (1)     10,524     24,557     0     35,081  
Braeswood Square
 
N. Braeswood at Chimney Rock, Houston
 
Belden’s +, Walgreens
  100.00 %         103,336     0     0     103,336  


 
Page 36

 
 

Weingarten Realty Investors
 
Property Listing
 
As of June 30, 2010  
                       
Gross Leasable Area
 
                             
Joint
             
           
WRI
   
Foot
   
WRI
   
Venture
   
Owned by
       
Center
 
Location
 
Anchors
 
Owned %
   
Notes
   
Owned
   
Share
   
Other
   
Total
 
                                             
Centre at Post Oak
 
Westheimer at Post Oak Blvd., Houston
 
Marshalls, Barnes & Noble, Old Navy, Grand Lux Café, Nordstrom Rack
  100.00 %         182,070     0     0     182,070  
Champions Village
 
F.M. 1960 at Champions Forest Dr., Houston
 
Randall’s +, SteinMart, Palais Royal, Cost Plus, Barnes & Noble
  30.00 %   (1)     115,374     269,207     0     384,581  
Cullen Center
 
Cullen at Reed, Houston
 
Beauty Supply
  100.00 %         7,316     0     0     7,316  
Cullen Plaza
 
Cullen at Wilmington, Houston
 
Fiesta +, JPMorgan Chase Bank, Family Dollar
  15.00 %   (1)     12,678     71,839     0     84,517  
Cypress Pointe
 
F.M. 1960 at Cypress Station, Houston
 
Kroger +, Office Depot, Babies “R” Us
  100.00 %         190,704     0     96,660     287,364  
Eastpark
 
Mesa Rd. at Tidwell, Houston
 
Jack in the Box, CVS/pharmacy (O.B.O.), US Postal Service (O.B.O.)
  100.00 %         1,576     0     0     1,576  
Edgebrook
 
Edgebrook at Gulf Fwy., Houston
 
Fiesta +, JPMorgan Chase Bank, Family Dollar
  15.00 %   (1)     11,769     66,691     0     78,460  
Fiesta Village
 
Quitman at Fulton, Houston
 
Fiesta +
  15.00 %   (1)     4,537     25,712     0     30,249  
Fondren/West Airport
 
Fondren at W. Airport, Houston
 
Save-A-Lot +
  100.00 %         37,117     0     0     37,117  
Glenbrook Square
 
Telephone Road, Houston
 
Kroger +, Blockbuster
  15.00 %   (1)     11,684     66,206     0     77,890  
Griggs Road
 
Griggs at Cullen, Houston
 
Family Dollar, Citi Trends
  15.00 %   (1)     12,017     68,099     0     80,116  
Harrisburg Plaza
 
Harrisburg at Wayside, Houston
 
Fallas Paredes
  15.00 %   (1)     14,016     79,422     0     93,438  
Heights Plaza
 
20th St. at Yale, Houston
 
Kroger +, Walgreens
  100.00 %         71,777     0     0     71,777  
Humblewood Shopping Plaza
 
Eastex Fwy. at F.M. 1960, Houston
 
Kroger +, Conn’s, Walgreens, Michaels (O.B.O.), DSW (O.B.O.)
  100.00 %         176,446     0     99,000     275,446  
I-45/Telephone Rd. Center
 
I-45 at Maxwell Street, Houston
 
Sellers Bros. +, Dollar Tree, FAMSA, Fallas Paredes
  15.00 %   (1)     25,768     146,021     0     171,789  
Jacinto City
 
Market at Baca, Houston
 
Sellers Bros. +
  50.00 %   (1)     24,569     24,569     0     49,138  
Kirby Strip Center
 
Kirby Dr, Houston
 
Freebirds Burrito
  100.00 %         10,000     0     0     10,000  
Lawndale
 
Lawndale at 75th St., Houston
 
Family Dollar, 99 Cents Only, LaMichoacana Meat Market +
  15.00 %   (1)     7,819     44,308     0     52,127  
Little York Plaza
 
Little York at E. Hardy, Houston
 
Sellers Bros. +, Fallas Paredes
  15.00 %   (1)     17,082     96,796     0     113,878  
Lyons Avenue
 
Lyons at Shotwell, Houston
 
Fiesta +, Fallas Paredes
  15.00 %   (1)     10,144     57,485     0     67,629  
Market at Westchase
 
Westheimer at Wilcrest, Houston
 
Whole Foods Market +
  100.00 %         84,084     0     0     84,084  
North Main Square
 
Pecore at N. Main, Houston
 
O'Reilly Auto Parts
  100.00 %         18,515     0     0     18,515  
North Oaks
 
F.M. 1960 at Veterans Memorial, Houston
 
T.J. Maxx, Ross Dress for Less, Staples, Big Lots, DSW, Half Price Books, Anna's Linens, Hobby Lobby
  15.00 %   (1)     60,779     344,414     0     405,193  
North Triangle
 
I-45 at F.M. 1960, Houston
 
CiCi’s Pizza
  100.00 %         16,060     0     0     16,060  
Northbrook Center
 
Northwest Fwy. at W. 34th, Houston
 
Randall’s +, Office Depot, Citi Trends, Anna’s Linens, Dollar Tree
  100.00 %         173,288     0     0     173,288  
Northwest Crossing
 
N.W. Fwy. at Hollister, Houston
 
Target (O.B.O.), Marshalls, Babies “R” Us, Best Buy
  75.00 %   (1)(3)     136,177     45,392     120,721     302,290  
Oak Forest
 
W. 43rd at Oak Forest, Houston
 
Kroger +, Ross Dress for Less, Dollar Tree
  100.00 %         147,705     0     0     147,705  
Orchard Green
 
Gulfton at Renwick, Houston
 
Sellers Bros. +, Family Dollar
  100.00 %         74,983     0     0     74,983  
Randall's /Cypress Station
 
F.M. 1960 at I-45, Houston
 
ATI Career Training Center
  100.00 %         138,974     0     0     138,974  
Randall's /Kings Crossing
 
Kingwood Dr. at Lake Houston Pkwy., Houston
 
Randall’s +, CVS/pharmacy
  30.00 %   (1)     37,919     88,478     0     126,397  
Randall's /Norchester
 
Grant at Jones, Houston
 
Playa Azul Seafood & Oyster Bar
  100.00 %         107,200     0     0     107,200  
Richmond Square
 
Richmond Ave. at W. Loop 610, Houston
 
Best Buy (O.B.O.), Cost Plus
  100.00 %         35,623     0     58,247     93,870  
River Oaks East
 
W. Gray at Woodhead, Houston
 
Kroger +
  100.00 %         71,265     0     0     71,265  
River Oaks West
 
W. Gray at S. Shepherd, Houston
 
Barnes & Noble, Talbots, JoS. A. Bank, Ann Taylor, Gap
  100.00 %         248,820     0     0     248,820  
Sheldon Forest North
 
North, I-10 at Sheldon, Houston
 
Family Dollar
  100.00 %         22,040     0     0     22,040  
Sheldon Forest South
 
North, I-10 at Sheldon, Houston
 
Gerland’s +, Burke’s Outlet
  50.00 %   (1)     37,670     37,670     0     75,340  
Shops at Three Corners
 
S. Main at Old Spanish Trail, Houston
 
Fiesta +, Office Depot, PetsMart, Ross Dress for Less, Big Lots
  70.00 %   (1)     172,990     74,139     0     247,129  
Southgate
 
W. Fuqua at Hiram Clark, Houston
 
Food-A-Rama +, Palais Royal, CVS/pharmacy, Family Dollar
  15.00 %   (1)     18,789     106,471     0     125,260  
Spring Plaza
 
Hammerly at Campbell, Houston
 
Sellers Bros. +, Family Dollar
  15.00 %   (1)     8,875     50,291     0     59,166  
Stella Link
 
Stella Link at S. Braeswood, Houston
 
Sellers Bros.+, Spec’s Liquor Warehouse, Burke’s Outlet
  100.00 %         96,396     0     0     96,396  
Studemont
 
Studewood at E. 14th St, Houston
 
Fiesta +
  100.00 %         28,466     0     0     28,466  
Ten Blalock Square
 
I-10 at Blalock, Houston
 
99 Ranch Market +
  100.00 %         97,217     0     0     97,217  
Village Arcade
 
University at Kirby, Houston
 
Gap, Baby Gap, Chicos
  100.00 %         57,219     0     0     57,219  
Village Arcade-Phase II
 
University at Kirby, Houston
 
Talbots
  100.00 %         28,371     0     0     28,371  
Village Arcade-Phase III
 
University at Kirby, Houston
 
American Eagle Outfitters, Banana Republic, Express
  100.00 %         107,337     0     0     107,337  
Westchase Center
 
Westheimer at Wilcrest, Houston
 
Ross Dress for Less, Randall’s +, Golfsmith, Palais Royal, Petco, Target (O.B.O.)
  100.00 %         231,767     0     99,550     331,317  
Westhill Village
 
Westheimer at Hillcroft, Houston
 
Ross Dress for Less, Office Depot, 99 Cents Only, Anna’s Linens
  100.00 %         130,512     0     0     130,512  
Killeen Marketplace
 
3200 E. Central Texas Expressway, Killeen
 
Best Buy, Ross Dress for Less, Staples, Home Depot (O.B.O.)
  100.00 %         115,203     0     135,934     251,137  
Cedar Bayou
 
Bayou Rd., La Marque
 
La Marque Fire Dept. (O.B.O.)
  100.00 %         14,873     0     30,688     45,561  


 
Page 37

 
 

Weingarten Realty Investors
 
Property Listing
 
As of June 30, 2010  
                       
Gross Leasable Area
 
                             
Joint
             
           
WRI
   
Foot
   
WRI
   
Venture
   
Owned by
       
Center
 
Location
 
Anchors
 
Owned %
   
Notes
   
Owned
   
Share
   
Other
   
Total
 
                                             
North Creek Plaza
 
Del Mar Blvd. at Hwy. I-35, Laredo
 
Old Navy, Bed Bath & Beyond, Best Buy, Target (O.B.O.), H. E. B. + (O.B.O.), Marshalls
  100.00 %         242,293     0     206,463     448,756  
Plantation Centre
 
Del Mar Blvd. at McPherson Rd., Laredo
 
H. E. B. +, Blockbuster
  100.00 %         134,853     0     0     134,853  
League City Plaza
 
I-45 at F.M. 518, League City
 
Kroger +
  15.00 %   (1)     19,048     107,942     0     126,990  
Central Plaza
 
Loop 289 at Slide Rd., Lubbock
 
Bed Bath & Beyond, Old Navy, Staples
  100.00 %         151,677     0     0     151,677  
Angelina Village
 
Hwy. 59 at Loop 287, Lufkin
 
Kmart, Conn's
  100.00 %         248,199     0     0     248,199  
Las Tiendas Plaza
 
Expressway 83 at McColl Rd., McAllen
 
Target (O.B.O.), Mervyn’s (O.B.O.), Academy, Conn’s, Ross Dress for Less, Marshalls, Office Depot
  50.00 %   (1)(3)     143,968     143,968     212,132     500,067  
Market at Nolana
 
Nolana Ave and 29th St., McAllen
 
Wal-Mart (O.B.O.)
  50.00 %   (1)(3)     20,342     20,342     203,818     244,501  
Northcross
 
N. 10th St. at Nolana Loop, McAllen
 
Barnes & Noble
  50.00 %   (1)(3)     37,758     37,758     0     75,517  
Old Navy Building
 
1815 10th Street, McAllen
 
Old Navy
  50.00 %   (1)(3)     7,500     7,500     0     15,000  
South 10th St. HEB
 
S. 10th St. at Houston St., McAllen
 
H. E. B. +
  50.00 %   (1)(3)     51,851     51,851     0     103,702  
Independence Plaza
 
Town East Blvd., Mesquite
 
Babies “R” Us, Family Dollar, Harbor Freight
  100.00 %         155,219     0     0     155,219  
Market at Sharyland Place
 
U.S. Expressway 83 and Shary Road, Mission
 
Wal-Mart (O.B.O.), Kohl's, Dollar Tree
  50.00 %   (1)(3)     56,456     56,456     188,262     301,174  
Sharyland Towne Crossing
 
Shary Rd. at Hwy. 83, Mission
 
Target (O.B.O.), H. E. B. +, T.J. Maxx, Petco, Office Depot,  Ross Dress for Less
  50.00 %   (1)(3)     172,234     172,234     131,909     476,376  
Custer Park
 
SWC Custer Road at Parker Road, Plano
 
Kroger + (O.B.O.)
  100.00 %         114,489     0     65,084     179,573  
Pitman Corners
 
Custer Road at West 15th, Plano
 
Albertsons +, Tuesday Morning
  100.00 %         192,283     0     0     192,283  
Preston Shepard Place
 
Preston Rd. at Park Blvd., Plano
 
SteinMart, Old Navy, Office Depot, Marshalls, Babies "R" Us, Borders, PETCO Animal Supplies Inc.
  20.00 %   (1)(3)     72,667     290,670     0     363,337  
Gillham Circle
 
Gillham Circle at Thomas, Port Arthur
 
Family Dollar
  100.00 %         33,134     0     0     33,134  
Starr Plaza
 
U.S. Hwy. 83 at Bridge St., Rio Grande City
 
H. E. B. +, Beall’s, Dollar General
  50.00 %   (1)(3)     88,346     88,346     0     176,693  
Rockwall
 
I-30 at Market Center Street, Rockwall
 
Office Max, Petco, Ross Dress for Less, Old Navy, Michaels
  100.00 %         209,051     0     0     209,051  
Rose-Rich
 
U.S. Hwy. 90A at Lane Dr., Rosenberg
 
Family Dollar, Palais Royal
  100.00 %         103,385     0     0     103,385  
Lake Pointe Market Center
 
Dalrock Rd. at Lakeview Pkwy., Rowlett
 
Tom Thumb + (O.B.O.), Walgreens (O.B.O.)
  100.00 %         40,513     0     81,176     121,689  
Boswell Towne Center
 
Highway 287 at Bailey Boswell Rd., Saginaw
 
Albertsons + (O.B.O)
  100.00 %         26,088     0     61,747     87,835  
Fiesta Trails
 
I-10 at DeZavala Rd., San Antonio
 
H. E. B. + (O.B.O.), Target (O.B.O.), Act III Theatres, Marshalls, Office Max, SteinMart, Petco, Anna's Linens
  100.00 %         312,370     0     176,000     488,370  
Oak Park Village
 
Nacogdoches at New Braunfels, San Antonio
 
H. E. B. +
  30.00 %   (1)     19,286     45,001     0     64,287  
Parliament Square
 
W. Ave. at Blanco, San Antonio
 
Bernina New Home Sewing Center, Anytime Fitness
  100.00 %         64,950     0     0     64,950  
Parliament Square II
 
W. Ave. at Blanco, San Antonio
 
Incredible Pizza
  100.00 %         54,541     0     0     54,541  
Thousand Oaks
 
Thousand Oaks Dr. at Jones Maltsberger Rd., San Antoino
 
H. E. B. +, Beall’s, Tuesday Morning
  15.00 %   (1)     24,432     138,450     0     162,882  
Valley View
 
West Ave. at Blanco Rd., San Antonio
 
Marshalls, Blockbuster, Dollar Tree
  100.00 %         91,184     0     0     91,184  
Market at Town Center
 
Town Center Blvd., Sugar Land
 
Old Navy, Home Goods, Marshalls, DSW Shoe Warehouse, Ross Dress for Less
  100.00 %         375,547     0     0     375,547  
Island Market Place
 
6th St. at 9th Ave., Texas City
 
Food King +
  100.00 %         27,277     0     0     27,277  
Palmer Plaza
 
F.M. 1764 at 34th St., Texas City
 
Dollar Tree, Big Lots (O.B.O.)
  100.00 %         96,526     0     99,980     196,506  
Broadway
 
S. Broadway at W. 9th St., Tyler
 
SteinMart
  100.00 %         61,505     0     0     61,505  
Crossroads
 
I-10 at N. Main, Vidor
 
Market Basket +, Beall’s, Baskin’s, Burke’s Outlet
  100.00 %         115,692     0     0     115,692  
Texas Total:
 
# of Properties: 98
                  8,933,085     3,333,829     2,625,499     14,892,412  
                                             
Utah
                                           
Alpine Valley Center
 
Main St. at State St., American Fork
 
Super Target + (O.B.O.), Old Navy, Justice, Dollar Tree, Office Depot
  33.30 %   (1)(3)     30,382     60,772     133,500     224,654  
Taylorsville Town Center
 
West 4700 South at Redwood Rd., Taylorsville
 
Fresh Market + (O.B.O.), Rite Aid
  100.00 %         94,157     0     40,057     134,214  
West Jordan Town Center
 
West 7000 South at S. Redwood Rd., West Jordan
 
Office Depot, Target (O.B.O.), Petco
  100.00 %         182,099     0     122,800     304,899  
Utah Total:
 
# of Properties: 3
                  306,638     60,772     296,357     663,767  
                                             
Washington
                                           
Mukilteo Speedway Center
 
Mukilteo Speedway, Lincoln Way, and Highway 99, Lynnwood
 
Food Emporium +, Dollar Tree
  20.00 %   (1)(3)     18,055     72,218     0     90,273  
Meridian Town Center
 
Meridian Avenue East and 132nd Street East, Puyallup
 
Jo-Ann Fabric & Craft Store, Safeway + (O.B.O.)
  20.00 %   (1)(3)     15,533     62,133     65,346     143,012  


 
Page 38

 
 

Weingarten Realty Investors
 
Property Listing
 
As of June 30, 2010  
                       
Gross Leasable Area
 
                             
Joint
             
           
WRI
   
Foot
   
WRI
   
Venture
   
Owned by
       
Center
 
Location
 
Anchors
 
Owned %
   
Notes
   
Owned
   
Share
   
Other
   
Total
 
                                             
South Hill Center
 
43rd Avenue Southwest and Meridian Street South, Puyallup
 
Best Buy, Bed Bath & Beyond, Ross Dress for Less
  20.00 %   (1)(3)     26,802     107,208     0     134,010  
Rainer Square Plaza
 
Rainer Avenue South and South Charleston Street, Seattle
 
Safeway +, Ross Dress for Less
  20.00 %   (1)(3)     21,485     85,938     0     107,423  
Washington Total:
 
# of Properties: 4
                  81,875     327,497     65,346     474,718  
                                             
Industrial
                                           
                                             
Operating Properties
                                           
                                             
California
                                           
Siempre Viva Business Park
 
Siempre Viva Rd. at Kerns St., San Diego
 
Hitachi Transport, Eaton Electrical Inc., Bose Corporation
  20.00 %   (1)(3)     145,353     581,413     0     726,766  
California Total:
 
# of Properties: 1
                  145,353     581,413     0     726,766  
                                             
Florida
                                           
Crosswinds Distribution Center
 
Tech Com at Wurzback Parkway, San Antonio
 
American Tile Supply
  100.00 %         142,276     0     0     142,276  
Lakeland Industrial Center
 
I-4 at County Rd., Lakeland
 
Rooms to Go, Publix, Star Distribution, Chep USA
  100.00 %         600,000     0     0     600,000  
Lakeland Interestate Industrial Park I
 
Interstate Drive and Kathleen Rd., Lakeland
 
Carolina Logistics Services, Inc., Acuity Specialty Products Group, Inc.,
  100.00 %         168,400     0     0     168,400  
1801 Massaro
 
1801 Massaro Blvd., Tampa
 
MiTek Industries, Inc.,
  100.00 %         159,000     0     0     159,000  
Hopewell Industrial Center
 
Old Hopewell Boulevard and U.S. Highway 301, Tampa
 
Parts Depot, Inc., South Dade Automotive
  100.00 %         224,483     0     0     224,483  
Tampa East Industrial Portfolio
 
1841 Massaro Blvd., Tampa
 
General Electric, Florida Air Conditioning Distrib, HD Supply Plumbing, Interline Brands, GE Polymershapes, Creative Recycling Systems
  100.00 %         512,923     0     0     512,923  
Florida Total:
 
# of Properties: 6
                  1,807,082     0     0     1,807,082  
                                             
Georgia
                                           
Atlanta Industrial Park
 
Atlanta Industrial Pkwy. at Atlanta Industrial Dr., Atlanta
 
Georgia Aquarium, Inc., Cardinal Logistics Mgmt Co.
  100.00 %         120,200     0     0     120,200  
Atlanta Industrial Park II & VI
 
Atlanta Industrial Pkwy. at Atlanta Industrial Dr., Atlanta
 
Target Container Co., Sanderson Industries, Inc., GSC Packaging
  100.00 %         382,120     0     0     382,120  
Atlanta Industrial Parkway
 
Atlanta Industrial Pkwy. at Atlanta Industrial Dr., Atlanta
 
Vacant
  100.00 %         50,000     0     0     50,000  
Riverview Distribution Center
 
Fulton Industrial Blvd. at Camp Creek Parkway, Atlanta
 
Chep USA
  100.00 %         265,200     0     0     265,200  
Sears Logistics
 
3700 Southside Industrial Way, Atlanta
 
Sears Logistics Services
  20.00 %   (1)(3)     80,511     322,043     0     402,554  
SouthPark 3075
 
Anvil Block Rd and SouthPark Blvd, Atlanta
 
American Tire Distributors
  100.00 %         234,525     0     0     234,525  
Southside Industrial Parkway
 
Southside Industrial Pkwy at Jonesboro Rd., Atlanta
 
Mission Produce
  100.00 %         72,000     0     0     72,000  
Westlake 125
 
Camp Creek Parkway and Westlake Parkway, Atlanta
 
Maxwell Chase Technologies, LLC, Nissei ASB Company, Berlin Packaging
  100.00 %         154,464     0     0     154,464  
Kennesaw 75
 
3850-3900 Kennesaw Prkwy, Kennesaw
 
Trane, Clorox Services Company, Builders Specialties, LLC
  100.00 %         178,467     0     0     178,467  
6485 Crescent Drive
 
I-85 at Jimmy Carter Blvd., Norcross
 
Zurn, Pax Industries
  20.00 %   (1)(3)     72,092     288,368     0     360,460  
Georgia Total:
 
# of Properties: 8
                  1,609,579     610,411     0     2,219,990  
                                             
Tennessee
                                           
Crowfarn Drive Warehouse
 
Crowfarn Dr. at Getwell Rd., Memphis
 
CMI Freight Transportation, Sergeant's Pet Care Products
  20.00 %   (1)(3)     31,770     127,079     0     158,849  
Outland Business Center
 
Outland Center Dr., Memphis
 
Vistar Corporation, Kuehne & Nagel, TricorBraun
  20.00 %   (1)(3)     82,088     328,350     0     410,438  
Southpoint I & II
 
Pleasant Hill Rd. at Shelby Dr., Memphis
 
AF Services, Sunnywood Products, Inc., Wynit
  100.00 %         570,940     0     0     570,940  
Tennessee Total:
 
# of Properties: 3
                  684,798     455,429     0     1,140,227  
                                             
Texas
                                           
Midpoint I-20 Distribution Center
 
New York Avenue and Arbrook Boulevard,
 
Tred-It Tire & Wheel, Amercian Medical Response
  100.00 %         253,165     0     0     253,165  
Randol Mill Place
 
Randol Mill Road, Arlington
 
Protech Electronics, Inc., Premier Products
  100.00 %         54,639     0     0     54,639  
Braker 2 Business Center
 
Kramer Ln. at Metric Blvd., Austin
 
Home Team Pest Defense, MJC Electronics Corporation
  100.00 %         27,359     0     0     27,359  
Corporate Center Park I and II
 
Putnam Dr. at Research Blvd., Austin
 
Phoenix Lamar Corp, CenTex Independent Electrical, Schindler Elevator
  100.00 %         119,753     0     0     119,753  


 
Page 39

 

Weingarten Realty Investors
 
Property Listing
 
As of June 30, 2010  
                       
Gross Leasable Area
 
                             
Joint
             
           
WRI
   
Foot
   
WRI
   
Venture
   
Owned by
       
Center
 
Location
 
Anchors
 
Owned %
   
Notes
   
Owned
   
Share
   
Other
   
Total
 
                                             
Oak Hills Industrial Park
 
Industrial Oaks Blvd., Austin
 
Terracon, Inc., Illumitex
  100.00 %         89,858     0     0     89,858  
Rutland 10 Business Center
 
Metric Blvd. At Centimeter Circle, Austin
 
Media Event Concepts, Inc., Stellar Micro Devices
  100.00 %         54,000     0     0     54,000  
Southpark A,B,C
 
East St. Elmo Rd. at Woodward St., Austin
 
Texas EZ Pawn
  100.00 %         78,276     0     0     78,276  
Southpoint Service Center
 
Burleson at Promontory Point Dr., Austin
 
Browning Construction Co., Ltd.
  100.00 %         57,697     0     0     57,697  
1625 Diplomat Drive
 
SWC Diplomat Dr. at McDaniel Dr., Carrollton
 
Rooftop Systems, Inc.
  100.00 %         106,140     0     0     106,140  
Midway Business Center
 
Midway at Boyington, Carrollton
 
Luxury of Leather, Jet Pay, LLC
  100.00 %         141,246     0     0     141,246  
Manana Office Center
 
I-35 at Manana, Dallas
 
Dave & Busters, All-Tex Supply
  100.00 %         223,128     0     0     223,128  
Newkirk Service Center
 
Newkirk near N.W. Hwy., Dallas
 
Restaurant Technologies, Corporate Meeting Services
  100.00 %         105,892     0     0     105,892  
Northeast Crossing Office/Service Center
 
East N.W. Hwy. at Shiloh, Dallas
 
ASCOA - Ambulatory Surgical Center
  100.00 %         78,700     0     0     78,700  
Redbird Distribution Center
 
Joseph Hardin Drive, Dallas
 
Texwood Industries, L.P.
  100.00 %         110,839     0     0     110,839  
Regal Distribution Center
 
Leston Avenue, Dallas
 
Parkland Health & Hosp System, BKM Total Office of Texas, L.P., Aero-Med, Ltd.
  100.00 %         202,559     0     0     202,559  
Space Center Industrial Park
 
Pulaski St. at Irving Blvd., Dallas
 
Weir’s Furniture Village, Inc., Facility Interiors, Inc.
  100.00 %         264,582     0     0     264,582  
McGraw Hill Distribution Center
 
420 E. Danieldale Rd, DeSoto
 
McGraw Hill Companies, Inc.
  100.00 %         417,938     0     0     417,938  
610 and 11th St. Warehouse
 
Loop 610 at 11th St., Houston
 
Prefco Corp.
  100.00 %         104,975     0     0     104,975  
610 and 11th St. Warehouse
 
Loop 610 at 11th St., Houston
 
Iron Mountain
  20.00 %   (1)(3)     48,728     194,914     0     243,642  
610/288 Business Park
 
Cannon Street, Houston
 
Palmer Logistics
  20.00 %   (1)(3)     58,962     235,848     0     294,810  
Beltway 8 Business Park
 
Beltway 8 at Petersham Dr., Houston
 
Premier Home Technology
  100.00 %         157,498     0     0     157,498  
Blankenship Building
 
Kempwood Drive, Houston
 
Star Displays
  100.00 %         59,359     0     0     59,359  
Brookhollow Business Center
 
Dacoma at Directors Row, Houston
 
YMCA of Greater Houston, Surgeon's Management, Houston Digital Instruments
  100.00 %         133,970     0     0     133,970  
Crestview
 
Bissonnet at Wilcrest, Houston
 
Creative Connection
  100.00 %         8,970     0     0     8,970  
Crosspoint Warehouse
 
Crosspoint, Houston
 
Foam Enterprises, LLC
  100.00 %         72,505     0     0     72,505  
Houston Cold Storage Warehouse
 
7080 Express Lane, Houston
 
Houston Central Industries, Inc.
  100.00 %         128,752     0     0     128,752  
Kempwood Industrial
 
Kempwood Dr. at Blankenship Dr., Houston
 
Pioneer Contract Services, Veritas Geophysical Corporation
  20.00 %   (1)(3)     43,898     175,591     0     219,489  
Kempwood Industrial
 
Kempwood Dr. at Blankenship Dr., Houston
 
Pioneer Contract Services
  100.00 %         113,218     0     0     113,218  
Lathrop Warehouse
 
Lathrop St. at Larimer St., Houston
 
United D.C., Inc.
  20.00 %   (1)(3)     50,378     201,512     0     251,890  
Navigation Business Park
 
Navigation at N. York, Houston
 
Genesis Worldwide Logistics, Synergy Cables USA
  20.00 %   (1)(3)     47,603     190,411     0     238,014  
Northway Park II
 
Loop 610 East at Homestead, Houston
 
Jet Lube, Inc., South Texas Bolt & Fitting, Custom Polymers
  20.00 %   (1)(3)     60,697     242,786     0     303,483  
Railwood F
 
Market at U.S. 90, Houston
 
Shell Oil Company
  20.00 %   (1)(3)     60,000     240,000     0     300,000  
Railwood G
 
Mesa at U.S. 90 , Houston
 
Global Stainless Supply, Inc.
  50.00 %   (1)(3)     105,425     105,425     0     210,850  
Railwood Industrial Park
 
Mesa at U.S. 90, Houston
 
Distribution International SW, AJ Logistics, YRC Logistics Services
  100.00 %         402,680     0     0     402,680  
Railwood Industrial Park
 
Mesa at U.S. 90, Houston
 
DSC Logistics, Georgia Gulf Chemicals & Vinyl
  20.00 %   (1)(3)     99,531     398,125     0     497,656  
South Loop Business Park
 
S. Loop at Long Dr., Houston
 
Lumber Liquidators
  50.00 %   (1)(3)     46,225     46,225     0     92,450  
Southport Business Park 5
 
South Loop 610, Houston
 
Surface Preparation - Texas, LLC
  100.00 %         159,886     0     0     159,886  
Stonecrest Business Center
 
Wilcrest at Fallstone, Houston
 
Alpha Omega Caseworks
  100.00 %         110,783     0     0     110,783  
Town & Country Commerce Center
 
I-10 at Beltway 8, Houston
 
Arizona Tile, Seitel
  100.00 %         206,056     0     0     206,056  
West 10 Business Center II
 
Wirt Rd. at I-10, Houston
 
Summers Group, Inc.
  100.00 %         82,658     0     0     82,658  
West Loop Commerce Center
 
W. Loop N. at I-10, Houston
 
Inter-Tel Technologies
  100.00 %         34,256     0     0     34,256  
West-10 Business Center
 
Wirt Rd. at I-10, Houston
 
Network-Interstate Co.
  100.00 %         99,883     0     0     99,883  
Westgate Service Center
 
Park Row Drive at Whiteback Dr., Houston
 
Welltec, Inc., 3M Company, CAS Holdings, Inc.
  100.00 %         122,096     0     0     122,096  
Freeport Commerce Center
 
Sterling Street and Statesman Drive, Irving
 
McGraw Hill Companies, Inc., TKS (U.S.A.), Inc.
  100.00 %         50,590     0     0     50,590  
Central Plano Business Park
 
Klein Rd. at Plano Pkwy., Plano
 
CK Management, Inc., Underwriters Laboratories, Motion Dynamics
  100.00 %         137,785     0     0     137,785  
Jupiter Service Center
 
Jupiter near Plano Pkwy., Plano
 
Interceramic Tile, Gemaire Distributors
  100.00 %         78,480     0     0     78,480  
Sherman Plaza Business Park
 
Sherman at Phillips, Richardson
 
Weingarten Realty Regional Office, Quadravox, Inc.
  100.00 %         101,140     0     0     101,140  
Interwest Business Park
 
Alamo Downs Parkway, San Antonio
 
All-American Sports, Gell Service Company, Inc., Goodman Manufacturing Company, L.P.
  100.00 %         219,244     0     0     219,244  
Isom Business Park
 
919-981 Isom Road, San Antonio
 
Gate Gourmet, Wells Fargo Bank
  100.00 %         175,200     0     0     175,200  
O'Connor Road Business Park
 
O’Connor Road, San Antonio
 
Ingersoll Rand, TD Industries
  100.00 %         150,091     0     0     150,091  
Freeport Business Center
 
13215 N. Promenade Blvd., Stafford
 
Yokagawa, Life-Tech, Gurwitch Industries, PSI Group
  100.00 %         251,645     0     0     251,645  
Texas Total:
 
# of Properties: 49
                  6,168,938     2,030,837     0     8,199,775  


 
Page 40

 


Weingarten Realty Investors
 
Property Listing
 
As of June 30, 2010  
                       
Gross Leasable Area
 
                             
Joint
             
           
WRI
   
Foot
   
WRI
   
Venture
   
Owned by
       
Center
 
Location
 
Anchors
 
Owned %
   
Notes
   
Owned
   
Share
   
Other
   
Total
 
                                             
Virginia
                                           
Enterchange at Northlake A
 
11900-11998 North Lakeridge Parkway, Ashland
 
FedEx, Owens & Minor
  100.00 %         215,077     0     0     215,077  
Enterchange at Northlake C
 
North Lakeridge Parkway & Northlake Park Dr, Ashland
 
International Paper, Techturn, The Kane Company, Wholesale Millwork
  20.00 %   (1)(3)     58,623     234,492     0     293,115  
Enterchange at Meadowville
 
2101 Bermuda Hundred Dr, Chester
 
United States of America
  20.00 %   (1)(3)     45,362     181,447     0     226,809  
Enterchange at Walthall A & B
 
1900-1998 Ruffin Mill Rd, Colonial Heights
 
Mazda Motors of America, Inc., Xymid LLC
  20.00 %   (1)(3)     121,336     485,343     0     606,679  
Enterchange at Walthall C
 
1936-1962 Ruffin Mill Rd, Colonial Heights
 
PSS World Medical, Hill Phoenix, Sunrise Construction
  20.00 %   (1)(3)     52,384     209,538     0     261,922  
Enterchange at Walthall D
 
1700-1798 Ruffin Mill Rd, Colonial Heights
 
Saddle Creek, Recall Total Info Manager, Jim's Formal Wear
  100.00 %         287,318     0     0     287,318  
Interport Business Center A
 
4800-4890 Eubank Road, Richmond
 
Anderson News, LLC, Three Way, Wyeth-Ayerst Pharmaceuticals
  20.00 %   (1)(3)     89,482     357,930     0     447,412  
Interport Business Center B
 
4700-4790 Eubank Road, Richmond
 
Mid South Building Supply, Inc., EGL Eagle Global Logistics, LP, Commonwealth of Virginia Department of Taxation
  20.00 %   (1)(3)     23,600     94,400     0     118,000  
Interport Business Center C
 
5300-5390 Laburnum Ave, Richmond
 
Sears Home Improvement Products, Inc., Ferguson Enterprise, Inc.
  20.00 %   (1)(3)     10,977     43,908     0     54,885  
Virginia Total:
 
# of Properties: 9
                  904,159     1,607,058     0     2,511,217  
                                             
Other
                                           
                                             
Operating Properties
                                           
                                             
Arizona
                                           
Arcadia Biltmore Plaza
 
Campbell Ave. at North 36th St., Phoenix
 
Endurance Rehab, Weingarten Realty Regional Office
  100.00 %         21,122     0     0     21,122  
Arizona Total:
 
# of Properties: 1
                  21,122     0     0     21,122  
                                             
Texas
                                           
1919 North Loop West
 
Hacket Drive at West Loop 610 North, Houston
 
State of Texas, Weingarten Realty Regional Office
  100.00 %         139,449     0     0     139,449  
Citadel Plaza
 
Citadel Plaza Dr., Houston
 
Weingarten Realty Investors Corporate Office
  100.00 %         121,000     0     0     121,000  
Texas Total:
 
# of Properties: 2
                  260,449     0     0     260,449  
                                             
Total Operating Properties
 
# of Properties: 376
                  42,766,067     14,504,952     10,478,985     67,742,932  
                                             
New Development
                                           
                                             
Colorado
                                           
River Point at Sheridan
 
Highway 85 and Highway 285, Sheridan
      50.00 %   (1)(2)     50,745     50,745     331,174     432,664  
The Gardens on Havana
 
Mississippi at Havana, Aurora
      39.80 %   (1)(2)(3)     311,038     470,661     143,697     925,396  
Colorado Total:
 
# of Properties: 2
                  361,783     521,406     474,871     1,358,060  
                                             
Florida
                                           
Clermont Landing
 
U.S. 27 & Steve's Road, Clermont
      55.00 %   (1)(2)(3)     78,766     64,445     104,175     247,386  
Florida Total:
 
# of Properties: 1
                  78,766     64,445     104,175     247,386  
                                             
North Carolina
                                           
Surf City Crossing
 
Highway 17 and Highway 210, Surf City
      100.00 %   (2)     53,776     0     0     53,776  
Waterford Village
 
U.S. Hwy 17 & U.S. Hwy 74/76, Leland
      100.00 %   (2)     79,401     0     0     79,401  
North Carolina Total:
 
# of Properties: 2
                  133,177     0     0     133,177  
                                             
Tennessee
                                           
Ridgeway Trace
 
Poplar Avenue and Ridgeway Road, Memphis
      100.00 %   (2)     108,062     0     137,740     245,802  
Tennessee Total:
 
# of Properties: 1
                  108,062     0     137,740     245,802  
                                             
Texas
                                           
Claywood Industrial Park
 
Clay at Hollister, Houston
      100.00 %   (2)     101,125     0     200,850     301,975  


 
Page 41

 


Weingarten Realty Investors
 
Property Listing
 
As of June 30, 2010  
                       
Gross Leasable Area
 
                             
Joint
             
           
WRI
   
Foot
   
WRI
   
Venture
   
Owned by
       
Center
 
Location
 
Anchors
 
Owned %
   
Notes
   
Owned
   
Share
   
Other
   
Total
 
                                             
North Towne Plaza
 
U.S. 77 and 83 at SHFM 802, Brownsville
      100.00 %   (2)     8,000     0     117,000     125,000  
Tomball Marketplace
 
FM 2920 and Future 249, Tomball
      100.00 %   (2)     15,341     0     85,000     100,341  
Westwood Center
 
Culebra Road and Westwood Loop, San Antonio
      100.00 %   (2)     12,580     0     0     12,580  
Texas Total:
 
# of Properties: 4
                  137,046     0     402,850     539,896  
                                             
Total New Developments
 
# of Properties: 10
                  818,834     585,851     1,119,636     2,524,321  
                                             
Unimproved Land
                                           
                                             
Arizona
                                           
Bullhead Parkway at State Route 95, Bullhead City
                                        312,761  
Lon Adams Rd at Tangerine Farms Rd, Marana
                                        422,532  
Southern Avenue and Signal Butte Road, Mesa
                                        63,336  
Arizona Total:
                                        798,629  
                                             
California
                                           
Bear Valley Road at Jess Ranch Parkway Phase II, Apple Valley
                                        138,956  
Bear Valley Road at Jess Ranch Parkway Phase III, Apple Valley
                                        447,361  
California Total:
                                        586,317  
                                             
Colorado
                                           
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
                                        34,915  
70th St. at Mansfield Rd., Shreveport
                                        41,704  
Louisiana Total:
                                        76,619  
                                             
Nevada
                                           
SWC Highway 215 at Decatur, Las Vegas
                                        1,103,810  
Nevada Total:
                                        1,103,810  
                                             
North Carolina
                                           
U.S. Hwy 17 & U.S. Hwy 74/76, Leland
                                        549,727  
Creedmoor (Highway 50) and Crabtree Valley Avenue, Raleigh
                                        510,959  
U.S. 15-501 and Bruce Wood Rd, Southern Pines
                                        1,047,000  
Highway 17 and Highway 210, Surf City
                                        2,024,233  
U.S. Highway 1 at Caveness Farms Rd., Wake Forest
                                        3,479,317  
North Carolina Total:
                                        7,611,236  
                                             
Tennessee
                                           
Poplar Avenue and Ridgeway Road, Memphis
                                        138,304  
Tennessee Total:
                                        138,304  


 
Page 42

 

Weingarten Realty Investors
 
Property Listing
 
As of June 30, 2010  
                       
Gross Leasable Area
 
           
WRI
               
Joint
             
            Owned    
Foot
   
WRI
   
Venture
   
Owned by
       
Center
 
Location
 
Anchors
 
%
   
Notes
   
Owned
   
Share
   
Other
   
Total
 
                                             
Texas
                                           
U.S. 77 and 83 at SHFM 802, Brownsville
                                        954,835  
Rock Prairie Rd. at Hwy. 6, College Station
                                        2,867,990  
River Pointe Drive at Interstate 45, Conroe
                                        118,483  
Leslie Rd. at Bandera Rd., Helotes
                                        74,052  
Bissonnet at Wilcrest, Houston
                                        40,918  
Citadel Plaza at 610 North Loop, Houston
                                        137,000  
East Orem, Houston
                                        122,000  
Kirkwood at Dashwood Drive, Houston
                                        322,000  
Mesa Road at Tidwell, Houston
                                        35,898  
Northwest Freeway at Gessner, Houston
                                        117,612  
West Little York at Interstate 45, Houston
                                        161,000  
West Loop North at Interstate 10, Houston
                                        145,000  
Nolana Ave and 29th St., McAllen
                                        163,350  
Shary Rd. at North Hwy. 83, Mission
                                        1,607,364  
9th Ave. at 25th St., Port Arthur
                                        243,000  
Culebra Road and Westwood Loop, San Antonio
                                        403,366  
FM 1957 (Potranco Road) and FM 211, San Antonio
                                        8,655,372  
SH 151 and Ingram Rd, San Antonio
                                        369,389  
US Hwy 281 at Wilderness Oaks, San Antonio
                                        1,269,774  
Highway 3 at Highway 1765, Texas City
                                        201,000  
FM 2920 and Highway 249, Tomball
                                        1,467,754  
Texas Total:
                                        19,477,157  
                                             
Utah
                                           
South 300 West & West Paxton Avenue, Salt Lake City
                                        324,958  
Utah Total:
                                        324,958  
                                             
Total Unimproved Land
                                        35,997,630  



 
Page 43

 

 
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
Other Topics of Interest
 
 
                       
                       
                       
                       
                       
                       
                       
                       
                       
                   
                       
                   
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       


 
 

 

Weingarten Realty Investors
 
Supplemental Leasing Information
 
(at pro rata share)
 
                             
Leasing Summary Roll-Forward for Former Vacant Spaces Over 15,000 Square Feet
 
     
   
Status as of
   
Status as of
             
Status as of
 
   
12/31/2009
   
June 30, 2010
             
June 30, 2010
 
                             
                             
Beginning of period
    43       43        
Beginning of period
    25  
New Vacancies
            3   (*)    
New Vacancies
    3 (*)
End of Period
    43       46        
End of Period
      28  
                                   
Leased
    -18       -29        
Leased
      -11  
                                   
Vacant
    25       17        
Vacant
      17  
                                   
At Lease
    -5       -2        
At Lease
      -2  
At LOI
    -5       -2        
At LOI
      -2  
                                   
      15       13                 13  
     
 
(*)
Includes a former Mervyn's in California and a former Albertson's in Texas which both have been leased.
 
 
 
   
                               
Percentage of 2010 Retail Renewals Completed
 
As of July 26, 2010
                             
                               
                     
% of 2010
       
                     
Renewals
       
   
Renewed SF
   
Expiring SF (1)
 
Total
 
Completed
       
                               
1Q 2010
    1,098,428       20,368  
     1,118,796
 
98%
       
2Q 2010
    641,580       102,529  
        744,109
 
86%
       
3Q 2010
    674,910       210,041  
        884,951
 
76%
       
4Q 2010
    474,363       379,750  
        854,113
 
56%
       
Total 2010
    2,889,281       712,688  
   3,601,969
 
80%
       
 
(1)
Excludes tenants with options that are exercisable in 2010
 

 
 
Page 45