EX-99.2 3 ex99-2.htm EXHIBIT 99.2 Exhibit 99.2
 
 

Supplemental Financial Information
September 30, 2006
(Unaudited)
 
 

 

 

 
 
 
Table of Contents
Page No.
 
 
 
Corporate Profile
1
Statements of Consolidated Income
2
Consolidated Balance Sheets
3
Statements of Consolidated Income at Prorata Share
4
Consolidated Balance Sheets at Prorata Share
5
Summary Operating Data
6 - 7
 
Funds from Operations
 
 
Dividends
 
 
General and Administrative Expenses
 
 
Net Operating Income
 
 
Rentals
 
 
Interest Expense
 
 
Property
 
Financial Statements of Unconsolidated Joint Ventures at Prorata Share
8
Summary Balance Sheet Information
9
 
Common Share Data
 
 
Capitalization
 
 
Capital Availability
 
 
Credit Ratings
 
Debt Information
10 - 11
 
Outstanding Balance Summary
 
 
Fixed vs Variable Rate Debt
 
 
Secured vs Unsecured Debt
 
 
Coverage Ratios
 
 
Weighted Average Interest Rates
 
 
Schedule of Maturities
 
Other Information
12 - 13
 
Tenant Diversification
 
 
Lease Information
 
 
Leasing Production
 
 
Average Minimum Rent per Square Foot
 
 
Occupancy
 
Property Information
14 - 29
 
Property Investment Summary
 
 
Acquisition Summary
 
 
Disposition Summary
 
 
New Development Summary
 
 
Total Operating Income at Prorata Share by Geographic Region
 
 
Property Listing
 
 
 
 
This supplemental financial information package contains historical information of the Company.
 
 
 
 
Certain information contained in this Supplemental Financial Information package includes certain
 
forward-looking statements reflecting Weingarten Realty Investors’ expectations in the near term
 
that involve a number of risks and uncertainties; however, many factors may materially affect
 
the actual results, including demand for our properties, changes in rental and occupancy rates,
 
changes in property operating costs, interest rate fluctuations, and changes in local and general
 
economic conditions. Accordingly, there is no assurance that WRI’s expectations will be realized.
 


 

Corporate Profile
               
                   
                   
                   
Weingarten Realty Investors is an unincorporated trust organized under the Texas Real Estate Investment Trust Act
that, through its predecessor entity, began the ownership and development of shopping centers and other commercial
real estate in 1948. As of September 30, 2006, we owned or operated under long-term leases, interests in 362
developed income-producing properties and eleven properties that are in various stages of development, which are
located in 21 states that span the southern half of the United States from coast to coast. Included in the portfolio are
309 shopping centers and 64 industrial projects. Our interests in these properties aggregated approximately 47.5
million square feet of building area. Our properties were 94.0% leased as of September 30, 2006, and historically our
portfolio occupancy rate has never been below 90%.
             
                   
Corporate Office
               
                   
 
2600 Citadel Plaza Drive
               
 
P. O. Box 924133
               
 
Houston, TX 77292-4133
               
 
713-866-6000
               
 
www.weingarten.com
               
                   
                   
Regional Offices
               
                   
 
Atlanta, GA
               
 
Austin, TX
               
 
Dallas, TX
               
 
Denver, CO (Miller Weingarten)
               
 
Ft. Lauderdale, FL
               
 
Las Vegas, NV
               
 
Los Angeles, CA
               
 
Orlando, FL
               
 
Phoenix, AZ
               
 
Raleigh, NC
               
 
Sacramento, CA
               
                   
                   
                   
                   
Stock Listings
               
                   
New York Stock Exchange:
               
 
Common Shares
WRI
             
 
Series D Preferred Shares
WRIPrD
             
 
Series E Preferred Shares
WRIPrE
             
                   
 

 
Page 1

 

Weingarten Realty Investors
 
Statements of Consolidated Income
 
(in thousands, except per share amounts)
 
(as reported)
 
   
                                   
                                   
                                   
   
Three Months Ended
 
Nine Months Ended
                 
   
September 30,
 
September 30,
 
Twelve Months Ended December 31,
 
   
2006
 
2005
 
2006
 
2005
 
2005
 
2004
 
2003
 
2002
 
                                   
Revenues:
                                 
Rentals
 
$
143,965
 
$
129,273
 
$
412,480
 
$
377,671
 
$
507,261
 
$
455,650
 
$
368,597
 
$
315,906
 
Other
   
1,323
   
1,564
   
4,801
   
5,212
   
6,383
   
8,376
   
6,730
   
4,545
 
 Total
   
145,288
   
130,837
   
417,281
   
382,883
   
513,644
   
464,026
   
375,327
   
320,451
 
                                                   
Expenses:
                                                 
Depreciation and amortization
   
32,535
   
30,113
   
94,896
   
87,081
   
118,003
   
104,826
   
81,514
   
66,518
 
Operating
   
23,918
   
19,593
   
64,317
   
55,584
   
77,370
   
72,173
   
58,317
   
48,831
 
Ad valorem taxes
   
19,770
   
15,942
   
51,709
   
45,566
   
59,239
   
52,242
   
41,894
   
38,125
 
General and administrative
   
5,497
   
4,354
   
16,500
   
13,123
   
17,379
   
16,122
   
13,820
   
11,148
 
Impairment loss
   
 
   
 
   
 
   
 
   
 
   
3,550
   
 
   
 
 
 Total
   
81,720
   
70,002
   
227,422
   
201,354
   
271,991
   
248,913
   
195,545
   
164,622
 
                                                   
Operating Income
   
63,568
   
60,835
   
189,859
   
181,529
   
241,653
   
215,113
   
179,782
   
155,829
 
Interest Expense
   
(37,709
)
 
(33,202
)
 
(106,887
)
 
(96,525
)
 
(130,761
)
 
(117,096
)
 
(90,269
)
 
(67,171
)
Interest and Other Income
   
2,788
   
1,330
   
4,819
   
1,758
   
2,868
   
1,390
   
1,564
   
1,054
 
Loss on Redemption of Preferred Shares
                                 
(3,566
)
 
(2,739
)
     
Equity in Earnings of Joint Ventures, net (a)
   
2,253
   
1,895
   
10,866
   
4,788
   
6,610
   
5,384
   
4,681
   
3,930
 
Income Allocated to Minority Interests
   
(1,676
)
 
(1,385
)
 
(4,977
)
 
(4,530
)
 
(6,060
)
 
(4,928
)
 
(2,723
)
 
(3,553
)
Gain on Sale of Properties
   
26,871
   
132
   
27,008
   
22,111
   
22,306
   
1,562
   
665
   
188
 
Gain on Land and Merchant Development Sales
   
4,504
         
6,180
         
804
                   
Provision for Income Taxes
   
(1,253
)
 
 
   
(1,401
)
 
 
               
 
   
 
 
 Income From Continuing Operations
   
59,346
   
29,605
   
125,467
   
109,131
   
137,420
   
97,859
   
90,961
   
90,277
 
Operating Income From Discontinued Operations
   
1,015
   
4,138
   
6,611
   
13,437
   
16,774
   
18,639
   
19,280
   
22,118
 
Gain on Sale of Properties From Discontinued Operations
   
45,388
   
27,740
   
118,546
   
45,682
   
65,459
   
24,883
   
6,039
   
19,472
 
 Income From Discontinued Operations
   
46,403
   
31,878
   
125,157
   
59,119
   
82,233
   
43,522
   
25,319
   
41,590
 
Net Income
   
105,749
   
61,483
   
250,624
   
168,250
   
219,653
   
141,381
   
116,280
   
131,867
 
Preferred Share Dividends
   
(2,526
)
 
(2,525
)
 
(7,576
)
 
(7,576
)
 
(10,101
)
 
(7,470
)
 
(15,912
)
 
(19,756
)
Redemption Cost of Series A Preferred Shares
   
 
   
 
   
 
   
 
   
 
   
 
   
(2,488
)
 
 
 
Net Income Available to Common Shareholders
 
$
103,223
 
$
58,958
 
$
243,048
 
$
160,674
 
$
209,552
 
$
133,911
 
$
97,880
 
$
112,111
 
Net Income Per Common Share - Basic
 
$
1.19
 
$
0.66
 
$
2.75
 
$
1.80
 
$
2.35
 
$
1.55
 
$
1.24
 
$
1.44
 
Net Income Per Common Share - Diluted
 
$
1.15
 
$
0.65
 
$
2.67
 
$
1.77
 
$
2.31
 
$
1.54
 
$
1.24
 
$
1.43
 
                                                   
                                                   
(a) See Page 8 for the Company's prorata share of the operating results of its unconsolidated joint ventures.
 

Page 2

 

Weingarten Realty Investors
 
Consolidated Balance Sheets
 
(in thousands, except per share amounts)
 
(as reported)
 
   
           
           
   
September 30,
 
December 31,
 
   
2006
 
2005
 
ASSETS
         
           
Property
 
$
4,397,465
 
$
4,033,579
 
Accumulated Depreciation
   
(690,738
)
 
(679,642
)
Property - net
   
3,706,727
   
3,353,937
 
               
Investment in Real Estate Joint Ventures (a)
   
120,891
   
84,348
 
Total
   
3,827,618
   
3,438,285
 
               
Notes Receivable from Real Estate Joint Ventures and Partnerships
   
28,099
   
42,195
 
Unamortized Debt and Lease Costs
   
123,947
   
95,616
 
Accrued Rent and Accounts Receivable (net of allowance for doubtful
             
accounts of $4,939 in 2006 and $4,673 in 2005)
   
91,488
   
60,905
 
Cash and Cash Equivalents
   
187,036
   
42,690
 
Restricted Deposits and Mortgage Escrows
   
100,038
   
11,747
 
Other
   
70,945
   
46,303
 
Total
 
$
4,429,171
 
$
3,737,741
 
               
LIABILITIES AND SHAREHOLDERS' EQUITY
             
               
Debt
 
$
2,991,307
 
$
2,299,855
 
Accounts Payable and Accrued Expenses
   
110,553
   
102,143
 
Other
   
127,654
   
102,099
 
Total
   
3,229,514
   
2,504,097
 
               
Minority Interest
   
90,446
   
83,358
 
               
Commitments and Contingencies
             
             
Shareholders' Equity:
             
Preferred Shares of Beneficial Interest - par value, $.03 per share;
             
shares authorized: 10,000
             
6.75% Series D cumulative redeemable preferred shares of
             
beneficial interest; 100 shares issued and outstanding
             
in 2006 and 2005; liquidation preference $75,000
   
3
   
3
 
6.95% Series E cumulative redeemable preferred shares of
             
beneficial interest; 29 shares issued and outstanding in 2006
             
and 2005; liquidation preference $72,500
   
1
   
1
 
Common Shares of Beneficial Interest - par value, $.03 per share;
             
shares authorized: 150,000; shares issued and outstanding:
             
85,543 in 2006 and 89,403 in 2005
   
2,576
   
2,686
 
Additional Paid in Capital
   
1,129,176
   
1,288,432
 
Accumulated Dividends in Excess of Net Income
   
(12,839
)
 
(132,786
)
Accumulated Other Comprehensive Loss
   
(9,706
)
 
(8,050
)
Shareholders' Equity
   
1,109,211
   
1,150,286
 
Total
 
$
4,429,171
 
$
3,737,741
 
               
               
(a) This represents the Company's investment of its unconsolidated joint ventures. See page 8 for additional information.
     

Page 3

 
 

Weingarten Realty Investors
 
Statements of Consolidated Income at Prorata Share
 
(in thousands, except per share amounts)
 
                                   
                           
   
Three Months Ended
 
Nine Months Ended
                 
   
September 30,
 
September 30,
 
Twelve Months Ended December 31,
 
   
2006
 
2005
 
2006
 
2005
 
2005
 
2004
 
2003
 
2002
 
                                   
Revenues:
                                 
Rentals
 
$
146,212
 
$
130,419
 
$
418,063
 
$
380,492
 
$
511,525
 
$
457,177
 
$
369,142
 
$
320,335
 
Other
   
1,793
   
1,644
   
5,474
   
5,430
   
6,545
   
8,129
   
6,909
   
4,647
 
 Total
   
148,005
   
132,063
   
423,537
   
385,922
   
518,070
   
465,306
   
376,051
   
324,982
 
                                                   
Expenses:
                                                 
Depreciation and amortization
   
32,868
   
30,027
   
95,669
   
87,061
   
118,112
   
104,537
   
79,935
   
66,726
 
Operating
   
24,186
   
19,476
   
64,647
   
55,417
   
77,162
   
72,046
   
58,166
   
49,022
 
Ad valorem taxes
   
19,989
   
16,017
   
52,133
   
45,838
   
59,564
   
52,289
   
42,050
   
38,639
 
General and administrative
   
5,510
   
4,371
   
16,537
   
13,173
   
17,436
   
16,125
   
13,821
   
11,145
 
Impairment loss
   
 
   
 
   
 
   
 
   
 
   
3,550
   
 
   
 
 
 Total
   
82,553
   
69,891
   
228,986
   
201,489
   
272,274
   
248,547
   
193,972
   
165,532
 
                                                   
 
                                                 
Operating Income
   
65,452
   
62,172
   
194,551
   
184,433
   
245,796
   
216,759
   
182,079
   
159,450
 
Interest Expense
   
(38,004
)
 
(32,967
)
 
(106,989
)
 
(95,725
)
 
(129,790
)
 
(115,357
)
 
(89,945
)
 
(68,981
)
Interest and Other Income
   
3,130
   
1,489
   
5,766
   
2,317
   
3,641
   
2,553
   
3,617
   
3,266
 
Loss on Redemption of Preferred Shares
                                 
(3,566
)
 
(2,739
)
     
Income Allocated to Minority Interests
   
(1,355
)
 
(1,315
)
 
(4,123
)
 
(3,888
)
 
(5,218
)
 
(3,990
)
 
(3,236
)
 
(3,720
)
Gain on Sale of Properties
   
26,872
   
141
   
31,067
   
21,909
   
22,102
   
1,460
   
1,185
   
262
 
Gain on Land and Merchant Development Sales
   
4,504
   
85
   
6,596
   
85
   
889
                   
Provision for Income Taxes
   
(1,253
)
 
 
   
(1,401
)
 
 
   
 
   
 
   
 
   
 
 
 Income From Continuing Operations
   
59,346
   
29,605
   
125,467
   
109,131
   
137,420
   
97,859
   
90,961
   
90,277
 
Operating Income From Discontinued Operations
   
1,015
   
4,138
   
6,611
   
13,437
   
16,774
   
18,639
   
19,280
   
22,118
 
Gain on Sale of Properties From Discontinued Operations
   
45,388
   
27,740
   
118,546
   
45,682
   
65,459
   
24,883
   
6,039
   
19,472
 
 Income From Discontinued Operations
   
46,403
   
31,878
   
125,157
   
59,119
   
82,233
   
43,522
   
25,319
   
41,590
 
Net Income
   
105,749
   
61,483
   
250,624
   
168,250
   
219,653
   
141,381
   
116,280
   
131,867
 
Preferred Share Dividends
   
(2,526
)
 
(2,525
)
 
(7,576
)
 
(7,576
)
 
(10,101
)
 
(7,470
)
 
(15,912
)
 
(19,756
)
Redemption Cost of Series A Preferred Shares
   
 
   
 
   
 
   
 
   
 
   
 
   
(2,488
)
 
 
 
Net Income Available to Common Shareholders
 
$
103,223
 
$
58,958
 
$
243,048
 
$
160,674
 
$
209,552
 
$
133,911
 
$
97,880
 
$
112,111
 
Net Income Per Common Share - Basic
 
$
1.19
 
$
0.66
 
$
2.75
 
$
1.80
 
$
2.35
 
$
1.55
 
$
1.24
 
$
1.44
 
Net Income Per Common Share - Diluted
 
$
1.15
 
$
0.65
 
$
2.67
 
$
1.77
 
$
2.31
 
$
1.54
 
$
1.24
 
$
1.43
 
                                                   
Note:
Prorata financial information is not, and is not intended to be, a presentation in accordance with generally accepted accounting principles.
The Statements of Consolidated Income at Prorata Share include the real estate operations of joint ventures at WRI's ownership percentages
ranging from 20% to 75% except for the operations of down-reit partnerships, which are included at 100%.


Page 4

 

Weingarten Realty Investors
 
Consolidated Balance Sheets at Prorata Share
 
(in thousands, except per share amounts)
 
   
           
           
   
September 30,
 
December 31,
 
   
2006
 
2005
 
ASSETS
         
           
Property
 
$
4,482,459
 
$
4,098,780
 
Accumulated Depreciation
   
(691,882
)
 
(682,102
)
Property - net
   
3,790,577
   
3,416,678
 
               
Notes Receivable from Real Estate Joint Ventures and Partnerships
   
37,131
   
32,958
 
Unamortized Debt and Lease Costs
   
127,364
   
97,387
 
Accrued Rent and Accounts Receivable (net of allowance for doubtful
             
accounts of $5,627 in 2006 and $4,977 in 2005)
   
91,851
   
59,838
 
Cash and Cash Equivalents
   
197,883
   
54,878
 
Restricted Deposits and Mortgage Escrows
   
99,879
   
11,082
 
Other
   
99,308
   
49,455
 
 Total
 
$
4,443,993
 
$
3,722,276
 
               
               
LIABILITIES AND SHAREHOLDERS' EQUITY
             
               
Debt
 
$
3,020,825
 
$
2,288,145
 
Accounts Payable and Accrued Expenses
   
111,360
   
101,616
 
Other
   
120,254
   
100,826
 
 Total
   
3,252,439
   
2,490,587
 
               
Minority Interest
   
82,343
   
81,403
 
               
Commitments and Contingencies
             
               
Shareholders' Equity:
             
Preferred Shares of Beneficial Interest - par value, $.03 per share;
             
shares authorized: 10,000
             
6.75% Series D cumulative redeemable preferred shares of
             
beneficial interest; 100 shares issued and outstanding
             
in 2006 and 2005; liquidation preference $75,000
   
3
   
3
 
6.95% Series E cumulative redeemable preferred shares of
             
beneficial interests; 29 shares issued and outstanding in 2006
             
and 2005; liquidation preference $72,500
   
1
   
1
 
Common Shares of Beneficial Interest - par value, $.03 per share;
             
shares authorized: 150,000; shares issued and outstanding:
             
85,543 in 2006 and 89,403 in 2005
   
2,576
   
2,686
 
Additional Paid in Capital
   
1,129,176
   
1,288,432
 
Retained Earnings
   
(12,839
)
 
(132,786
)
Accumulated Other Comprehensive Loss
   
(9,706
)
 
(8,050
)
 Shareholders' Equity
   
1,109,211
   
1,150,286
 
 Total
 
$
4,443,993
 
$
3,722,276
 
               
               
Note:
             
Prorata financial information is not, and is not intended to be, a presentation in accordance with generally accepted accounting principles.
The Consolidated Balance Sheets at Prorata Share include the real estate operations of joint ventures at WRI's ownership percentages
ranging from 20% to 75% except for the operations of down-reit partnerships, which are included at 100%.

Page 5

 

Weingarten Realty Investors
 
Summary Operating Data
 
(in thousands, except per share amounts)
 
                     
                     
                     
   
 Three Months Ended
 
 Nine Months Ended
 
   
 September 30,
 
 September 30,
 
   
 2006
 
2005
 
 2006
 
2005
 
Funds from Operations
                   
Numerator:
                   
Net income available to common shareholders
 
$
103,223
 
$
58,958
 
$
243,048
 
$
160,674
 
Depreciation and amortization
   
31,475
   
30,807
   
94,510
   
90,227
 
Depreciation and amortization of unconsolidated joint ventures
   
1,204
   
735
   
3,328
   
2,578
 
Gain on sale of properties
   
(72,260
)
 
(27,880
)
 
(145,559
)
 
(67,593
)
(Gain) loss on sale of properties of unconsolidated joint ventures
   
 
   
(1
)
 
(4,054
)
 
2
 
Funds from Operations - Basic
   
63,642
   
62,619
   
191,273
   
185,888
 
Funds from operations attributable to operating
                         
partnership units
   
1,355
   
1,315
   
4,123
   
3,888
 
Funds from Operations - Diluted
 
$
64,997
 
$
63,934
 
$
195,396
 
$
189,776
 
                           
Denominator:
                         
Weighted average shares outstanding - Basic
   
86,567
   
89,257
   
88,476
   
89,186
 
Effect of dilutive securities:
                         
Share options and awards
   
905
   
930
   
902
   
880
 
Operating partnership units
   
3,138
   
3,129
   
3,150
   
3,060
 
Weighted average shares outstanding - Diluted
   
90,610
   
93,316
   
92,528
   
93,126
 
                           
Funds from Operations per Share - Basic
 
$
0.74
 
$
0.70
 
$
2.16
 
$
2.08
 
                           
Funds from Operations Per Share - Diluted
 
$
0.72
 
$
0.69
 
$
2.11
 
$
2.04
 
                           
Growth in Funds from Operations per Share - Diluted
         
4.3
%
       
3.4
%
                           
                           
Dividends
                         
Common Dividends per Share
 
$
0.465
 
$
0.440
 
$
1.395
 
$
1.320
 
                           
Common Dividends Paid as a % of Funds from Operations
   
62.4
%
 
62.8
%
 
64.4
%
 
63.4
%
                           
                           
General and Administrative Expenses *
                         
General and Administrative Expenses/Total Revenue
   
3.7
%
 
3.3
%
 
3.9
%
 
3.4
%
                           
General and Administrative Expenses/Total Assets before Depreciation
   
0.11
%
 
0.10
%
 
0.32
%
 
0.31
%
                           
                           
Net Operating Income *
                         
Same Property NOI Growth: **
                         
Retail
   
2.9
%
 
4.5
%
 
2.6
%
 
4.3
%
Industrial
   
-5.5
%
 
1.3
%
 
2.7
%
 
1.6
%
Total
   
2.2
%
 
4.2
%
 
2.6
%
 
4.1
%
                           
                           
* Includes the Company's share of unconsolidated joint ventures and excludes its partners' share of consolidated joint ventures ("Prorata Share").
                           
** Same Property NOI Growth excludes the effect of lease cancellation income.
                           
The National Association of Real Estate Investment Trusts defines funds from operations as net income (loss) available to common shareholders computed in accordance with generally accepted accounting principles, excluding gains or losses from sales of real estate assets and extraordinary items, plus depreciation and amortization of operating properties, including our share of unconsolidated partnerships and joint ventures. We calculate FFO in a manner consistent with the NAREIT definition.
We believe FFO is an appropriate supplemental measure of operating performance because it helps investors compare our operating performance relative to other REITs. Management also uses FFO as a supplemental measure to conduct and evaluate our business because there are certain limitations associated with using GAAP net income by itself as the primary measure of our operating performance. Historical cost accounting for real estate assets in accordance with GAAP implicitly assumes that the value of real estate assets diminishes predictably over time.
Since real estate values instead have historically risen or fallen with market conditions, management believes that the presentation of operating results for real estate companies that uses historical cost accounting is insufficient by itself. There can be no assurance that FFO presented by us is comparable to similarly titled measures of other REITs.
         
FFO should not be considered as an alternative to net income or other measurements under GAAP as an indicator of our operating performance or to cash flows from operating, investing or financing activities as a measure of liquidity. FFO does not reflect working capital changes, cash expenditures for capital improvements or principal payments on indebtedness.

Page 6

 

Weingarten Realty Investors
 
Summary Operating Data (continued)
 
(in thousands)
 
                    
                    
                    
   
 Three Months Ended
 
Nine Months Ended
 
   
 September 30,
 
September 30,
 
   
 2006
 
2005
 
2006
 
2005
 
Rentals
                  
Base minimum rent, net
 
$
109,220
 
$
100,401
 
$
321,215
 
$
295,562
 
Straight line rent
   
2,215
   
1,949
   
5,153
   
5,600
 
Over/Under-market rentals, net
   
513
   
134
   
854
   
211
 
Percentage rent
   
1,727
   
1,154
   
4,311
   
3,386
 
Tenant reimbursements
   
30,290
   
25,635
   
80,947
   
72,912
 
Total
 
$
143,965
 
$
129,273
 
$
412,480
 
$
377,671
 
                           
                           
 
 
Three Months Ended 
Nine Months Ended
 
 September 30, 
September 30,
     
2006
   
2005
   
2006
   
2005
 
Rentals (Prorata Share)
                         
Base minimum rent, net
 
$
110,822
 
$
101,388
 
$
325,535
 
$
297,898
 
Straight line rent
   
2,468
   
2,026
   
5,523
   
5,776
 
Over/Under-market rentals, net
   
632
   
191
   
1,081
   
370
 
Percentage rent
   
1,762
   
1,183
   
4,442
   
3,462
 
Tenant reimbursements
   
30,528
   
25,631
   
81,482
   
72,986
 
Total
 
$
146,212
 
$
130,419
 
$
418,063
 
$
380,492
 
                           
                           
 
 
Three Months Ended 
Nine Months Ended
 
 
September 30, 
September 30,
     
2006
   
2005
   
2006
   
2005
 
Interest Expense (Prorata Share)
                         
Interest paid or accrued
 
$
42,000
 
$
35,519
 
$
116,932
 
$
103,419
 
Over-market mortgage adjustment
   
(1,896
)
 
(1,764
)
 
(5,574
)
 
(5,155
)
Gross interest expense
   
40,104
   
33,755
   
111,358
   
98,264
 
Less:
                         
Capitalized interest
   
(2,100
)
 
(788
)
 
(4,369
)
 
(2,539
)
Interest expense, at prorata share
 
$
38,004
 
$
32,967
 
$
106,989
 
$
95,725
 
                           
                           
 
 
 
 
 
 
 
 
September 30, 
   
December 31,
 
                 
2006
   
2005
 
Property at Prorata Share
                         
Land
             
$
836,837
 
$
741,608
 
Land held for development
               
26,135
   
20,024
 
Land under development
               
86,864
   
27,728
 
Buildings and improvements
               
3,455,643
   
3,082,144
 
Construction in-progress
               
68,338
   
46,828
 
Property held for sale
               
8,642
   
180,448
 
Total
             
$
4,482,459
 
$
4,098,780
 


 
Page 7

 

Weingarten Realty Investors
 
Financial Statements of Unconsolidated Joint Ventures at Prorata
 
(in thousands)
 
                   
                   
                   
   
Three Months Ended
 
Nine Months Ended
 
   
September 30,
 
September 30,
 
   
2006
 
2005
 
2006
 
2005
 
                   
Revenues:
 
$
5,748
 
$
4,100
 
$
15,501
 
$
11,839
 
                           
Expenses:
                         
Depreciation and amortization
   
1,204
   
735
   
3,328
   
2,578
 
Interest
   
1,380
   
803
   
3,623
   
2,236
 
Operating
   
709
   
528
   
1,997
   
1,594
 
Ad valorem taxes
   
630
   
541
   
1,591
   
1,481
 
General and administrative
   
73
   
22
   
188
   
76
 
Total
   
3,996
   
2,629
   
10,727
   
7,965
 
                           
Gain on land and merchant development sales
         
85
   
416
   
85
 
Gain (loss) on sale of property
         
1
   
4,054
   
(2
)
                           
Net Income
 
$
1,752
 
$
1,557
 
$
9,244
 
$
3,957
 
                           
                           
               
September 30, 
   
December 31,
 
                 
2006
   
2005
 
ASSETS
                         
                           
Property
             
$
211,656
 
$
147,006
 
Accumulated Depreciation
               
(15,579
)
 
(14,493
)
Property - net
               
196,077
   
132,513
 
                           
Unamortized Debt and Lease Costs
               
6,022
   
4,519
 
Accrued Rent and Accounts Receivable
               
5,187
   
1,442
 
Cash and Cash Equivalents
               
12,544
   
13,946
 
Other
               
13,521 
   
1,932
 
Total
             
$
233,351
 
$
154,352
 
                           
                           
                           
LIABILITIES AND SHAREHOLDERS' EQUITY
                         
                           
Debt
             
$
85,428
 
$
44,544
 
Amounts Payable to WRI
               
13,070
   
16,022
 
Accounts Payable and Accrued Expenses
               
5,105
   
3,706
 
Total
               
103,603
   
64,272
 
                           
Accumulated Equity
               
129,748
   
90,080
 
                           
Total
             
$
233,351
 
$
154,352
 
                           
                           
                           
                           
Notes:
                         
The Consolidated Financial Statements at prorata share include only the real estate operations of joint ventures at WRI's ownership percentages.
Prorata financial information is not, and is not intended to be, a presentation in accordance with generally accepted accounting principles.

Page 8

 

Weingarten Realty Investors
 
Summary Balance Sheet Information
 
(in thousands, except common share data and percentages)
 
           
           
           
   
September 30,
 
December 31,
 
   
2006
 
2005
 
           
Common Share Data
         
Closing Market Price
 
$
43.02
 
$
37.81
 
               
Dividend Yield
   
4.32
%
 
4.65
%
               
90-Day Average Trading Volume
   
259,189
   
272,770
 
               
               
Capitalization (As reported)
             
Debt
 
$
2,991,307
 
$
2,299,855
 
Preferred Shares
   
147,500
   
147,500
 
Common Shares at Market
   
3,680,060
   
3,380,327
 
Operating Partnership Units at Market
   
134,007
   
119,328
 
Total Market Capitalization
 
$
6,952,874
 
$
5,947,010
 
               
Debt to Total Market Capitalization
   
43.0
%
 
38.7
%
               
               
Capitalization (Prorata)
             
Debt
 
$
3,020,825
 
$
2,288,145
 
Preferred Shares
   
147,500
   
147,500
 
Common Shares at Market
   
3,680,060
   
3,380,327
 
Operating Partnership Units at Market
   
134,007
   
119,328
 
Total Market Capitalization
 
$
6,982,392
 
$
5,935,300
 
               
Debt to Total Market Capitalization
   
43.3
%
 
38.6
%
               
               
Capital Availability
             
Unused Portion of $400 MM Revolver
 
$
156,028
 
$
175,071
 
Shelf Registration - $1 Billion Effective April 2003
   
160,430
   
160,430
 
Shelf Registration - $1.5 Billion Effective September 2004
   
1,500,000
   
1,500,000
 
Shelf Registration - $50 Million Effective September 2004
   
50,000
   
50,000
 
Total
 
$
1,866,458
 
$
1,885,501
 
               
               
Credit Ratings
   
S&P
   
Moody's
 
               
Senior Debt
   
A
   
baa1
 
Preferred Shares
   
A-
   
baa2
 

Page 9

 

Weingarten Realty Investors
 
Debt Information
 
(in thousands, except percentages)
 
                       
                       
           
3rd Quarter
     
4th Quarter
 
       
September 30,
 
Weighted
 
December 31,
 
Weighted
 
       
2006
 
Average Rate
 
2005
 
Average Rate
 
Outstanding Balance Summary (2)
                 
Mortgage Debt
$
903,605
   
7.28
%
$
799,603
   
7.29
%
7% 2011 Bonds
 
200,000
   
7.00
%
 
200,000
   
7.00
%
3.95% Convertible Bonds (3)
 
575,000
   
3.95
%
           
Unsecured Notes Payable
 
1,044,867
   
5.83
%
 
1,049,867
   
5.85
%
Revolving Credit Agreements (1)
 
229,600
   
6.04
%
 
210,000
   
4.71
%
Industrial Revenue Bonds
 
4,775
   
5.31
%
 
6,925
   
3.68
%
Obligations under Capital Leases
 
33,460
   
6.08
%
 
33,460
   
5.49
%
Total Debt - As Reported
         
2,991,307
   
6.19
%
 
2,299,855
   
6.36
%
Less: Minority Partners' Interests
 
(55,910
)
       
(56,254
)
     
Plus: WRI Share of Unconsolidated Joint Ventures
 
85,428
         
44,544
       
Total Debt - Prorata Share
       
$
3,020,825
   
6.19
%
$
2,288,145
   
6.37
%
                                 
                                 
                                 
         
September 30,
         
December 31,
       
           
2006
   
% of Total
   
2005
   
% of Total
 
Fixed vs Variable Rate Debt (at Prorata Share)
                       
(includes the effect of interest rate swaps)
                       
                                 
Fixed-rate debt
$
2,694,166
   
89.2
%
$
1,973,822
   
86.3
%
Variable-rate debt
 
326,659
   
10.8
%
 
314,323
   
13.7
%
Total
       
$
3,020,825
   
100.0
%
$
2,288,145
   
100.0
%
                                 
                                 
Secured vs Unsecured Debt (at Prorata Share)
                       
Secured Debt
$
974,033
   
32.2
%
$
830,340
   
36.3
%
Unsecured Debt
 
2,046,792
   
67.8
%
 
1,457,805
   
63.7
%
Total
       
$
3,020,825
   
100.0
%
$
2,288,145
   
100.0
%
                                 
                                 
                                 
Coverage Ratios (at Prorata Share trailing 4 quarters)
                       
Fixed Charge Coverage
 
2.45x
         
2.56x
       
Interest Coverage
 
2.53x
         
2.65x
       
Debt Service Coverage
 
2.50x
         
2.63x
       
                                 
                                 
                                 
         
As
   
Prorata
             
         
Reported
   
Share
             
Weighted Average Interest Rates (2)
                       
Three months ended 9/30/06
 
6.19
%
 
6.19
%
           
Nine months ended 9/30/06
 
6.32
%
 
6.32
%
           
Twelve months ended 12/31/05
 
6.32
%
 
6.33
%
           
                                 
                                 
(1)  Weighted average revolving interest rate excluding the effect of the commitment fee was 5.58% in third quarter 2006 and 4.26% in fourth quarter 2005.
                                 
(2)  Weighted average interest rates exclude the effects of FAS 141 and loan costs related to financing.
                                 
(3)  The convertible bonds mature August 1, 2026 with a call option anytime after August 2011 and a $49.075 per share coversion rate.
 

 
Page 10

 

Weingarten Realty Investors
 
Debt Information
 
(in thousands, except percentages)
 
                           
                           
                           
Schedule of Maturities at September 30, 2006
                     
                           
                           
                           
   
As Reported
 
Prorata Share
 
   
Maturities
 
Rate (8)
 
Maturities
 
Rate (8)
 
Floating Rate
 
Fixed Rate
 
2006 (1)
 
$
11,216
   
4.61
%
$
12,774
   
4.55
%
$
8,748
 
$
4,026
 
2007 (2)
   
104,923
   
6.48
%
 
104,780
   
6.47
%
 
422
   
104,358
 
2008 (3) (4)
   
251,650
   
6.81
%
 
251,511
   
6.78
%
 
429
   
251,082
 
2009
   
112,437
   
6.60
%
 
111,478
   
6.57
%
 
9,795
   
101,683
 
2010
   
108,524
   
6.71
%
 
120,770
   
6.68
%
 
550
   
120,220
 
2011 (5)
   
913,857
   
5.03
%
 
905,754
   
5.01
%
 
-
   
330,754
 
2012
   
303,078
   
5.79
%
 
303,086
   
5.77
%
 
-
   
303,086
 
2013
   
295,169
   
5.86
%
 
258,305
   
5.70
%
 
-
   
258,305
 
2014
   
333,894
   
5.28
%
 
362,617
   
5.36
%
 
2,115
   
360,502
 
2015
   
152,704
   
5.98
%
 
156,897
   
5.91
%
 
-
   
156,897
 
Thereafter
   
158,284
   
7.80
%
 
187,283
   
7.77
%
 
-
   
762,283
 
Subtotal
   
2,745,737
         
2,775,255
         
22,059
   
2,753,196
 
                                       
Revolvers (6)
   
229,600
   
5.39
%
 
229,600
   
5.39
%
 
229,600
       
Other (7)
   
15,970
         
15,970
               
15,970
 
Swap Maturities:
                                     
2007
                           
25,000
   
(25,000
)
2014
                           
50,000
   
(50,000
)
Total
 
$
2,991,307
   
6.32
%
$
3,020,825
   
6.32
%
$
326,659
 
$
2,694,166
 
                                       
                                       
                                       
(1) Includes $3.1 million of amortizing industrial revenue bonds with a final maturity date of 2015 that are currently callable by the lender.
(2) Includes $25 million of MTN's maturing 2027 with 10 and 20 year put options.
(3) Includes $25 million of MTN's maturing 2028 with 10, 12 and 20 year put options.
(4) Includes prepayment of $121.8 million mortgage.
(5) Includes $575 million of Convertible debt maturing in 2026 with a 5 year call option. 
(6) Includes the effect of the commitment fee.
(7) Other includes capital leases and market value of swaps.
(8) Interest rates exclude the effects of FAS 141 and loan costs related to financing.

Page 11

 

Weingarten Realty Investors
 
Tenant Diversification by Percent of Rental Revenues at Prorata Share
 
(in thousands, except percentages and # of units)
                       
                       
                       
               
% of Prorata
     
           
# of Units
 
Rental
 
Square
 
Rank
 
Tenant Name
 
DBA’s
   
Revenue
 
Feet
 
                       
1
 
THE KROGER CO.
 
Kroger, Dillons, Smith Food, Ralphs, Fry's Food, King Soopers
 
31
 
2.71%
 
1,773
 
                       
2
 
T.J.X. COMPANIES, INC.
 
T.J. Maxx, Marshalls
 
27
 
1.56%
 
803
 
                       
3
 
SAFEWAY, INC.
 
Safeway, Randalls, Von's, Tom Thumb
 
17
 
1.43%
 
882
 
                       
4
 
ROSS STORES, INC.
 
Ross Dress for Less
 
26
 
1.41%
 
701
 
                       
5
 
PUBLIX SUPER MARKETS, INC.
 
 
 
18
 
1.26%
 
819
 
                       
6
 
BLOCKBUSTER VIDEO
 
 
 
55
 
1.10%
 
306
 
                       
7
 
OFFICE DEPOT, INC.
 
 
 
23
 
1.10%
 
533
 
                       
8
 
HOME DEPOT, INC.
 
 
 
6
 
1.00%
 
664
 
                       
9
 
BARNES & NOBLE INC.
 
Barnes & Noble, Bookstop Booksellers
 
12
 
0.95%
 
283
 
                       
10
 
GAP, INC.
 
Gap, Old Navy, Banana Republic
 
19
 
0.88%
 
331
 
                       
11
 
PETCO ANIMAL SUPPLIES, INC.
 
 
 
20
 
0.66%
 
269
 
                       
12
 
STAPLES
 
 
 
12
 
0.66%
 
319
 
                       
13
 
LINENS 'N THINGS, INC.
 
 
 
10
 
0.63%
 
273
 
                       
14
 
H E BUTT GROCERY
 
 
 
5
 
0.62%
 
302
 
                       
15
 
RALEY'S
 
Raley's Bel Air Markets
 
6
 
0.62%
 
331
 
                       
16
 
OFFICE MAX INC.
 
 
 
12
 
0.61%
 
277
 
                       
17
 
DOLLAR TREE STORES, INC.
 
Dollar Tree, Greenbacks
 
32
 
0.60%
 
313
 
                       
18
 
PETSMART, INC.
 
 
 
12
 
0.60%
 
225
 
                       
19
 
SUPERVALU, INC.
 
Albertson's, Save-A-Lot
 
9
 
0.59%
 
359
 
                       
20
 
ACADEMY SPORTS & OUTDOORS
 
 
 
5
 
0.57%
 
562
 
                       
21
 
HARRIS TEETER
 
 
 
6
 
0.57%
 
248
 
                       
22
 
MOVIE GALLERY, INC.
 
Movie Gallery, Hollywood Video
 
22
 
0.56%
 
142
 
                       
23
 
GROCERS SUPPLY CO, INC.
 
Fiesta
 
8
 
0.56%
 
319
 
                       
24
 
BED BATH & BEYOND, INC.
 
 
 
13
 
0.55%
 
344
 
                       
25
 
STAGE STORES
 
Beall's, Palais Royal, Stages
 
21
 
0.55%
 
464
 
           
 
 
 
 
 
 
   
Total
     
427
 
22.35%
 
11,842
 

Page 12

 

Weingarten Realty Investors
Leasing Information
(in thousands, except percentages and # of units and leases, prorata share)
                         
                         
                         
                         
                         
Lease Expirations
           
   
Shopping Center
 
Industrial
 
Total
   
Percentage of
 
Percentage of
 
Percentage of
       
Prorata
     
Prorata
     
Prorata
Year Expiring
 
Sq. Ft.
 
Revenue
 
Sq. Ft.
 
Revenue
 
Sq. Ft.
 
Revenue
2006
 
1.70%
 
1.93%
 
3.32%
 
4.11%
 
2.04%
 
2.15%
2007
 
10.06%
 
11.09%
 
18.94%
 
20.25%
 
11.95%
 
12.01%
2008
 
11.89%
 
11.88%
 
23.15%
 
23.76%
 
14.29%
 
13.07%
2009
 
12.03%
 
12.57%
 
18.44%
 
17.53%
 
13.40%
 
13.07%
2010
 
11.86%
 
12.99%
 
10.72%
 
11.02%
 
11.61%
 
12.80%
2011-2015
 
33.96%
 
33.45%
 
23.43%
 
21.86%
 
31.71%
 
32.29%
2016-2025
 
16.84%
 
14.75%
 
2.00%
 
1.48%
 
13.68%
 
13.42%
                         
                         
Leasing Production - New Leases and Renewals
                 
                         
       
Number
               
       
of
     
Increase
       
       
Leases
 
Square Feet
 
in Base Rent
 
     
Three Months Ended
                       
September 30, 2006
                       
Retail
     
303
 
978
 
8.3%
       
Industrial
     
52
 
303
 
1.3%
       
Total
     
355
 
1,281
 
7.3%
       
                         
                         
Three Months Ended
                       
September 30, 2005
                       
Retail
     
274
 
1,027
 
7.6%
       
Industrial
     
67
 
721
 
3.5%
       
Total
     
341
 
1,748
 
6.9%
       
                         
                         
Nine Months Ended
                       
September 30, 2006
                       
Retail
     
826
 
2,765
 
8.3%
       
Industrial
     
155
 
1,769
 
3.1%
       
Total
     
981
 
4,534
 
7.3%
       
                         
                         
Nine Months Ended
                       
September 30, 2005
                       
Retail
     
776
 
3,066
 
9.4%
       
Industrial
     
197
 
2,173
 
1.2%
       
Total
     
973
 
5,239
 
7.6%
       
                         
                         
Average Minimum Rent per Square Foot
                   
                         
   
 
 
 
 
Quarter Ended
 
 
 
 
   
   
September 30,
 
June 30,
 
March 31,
 
December 31,
 
September 30,
   
   
2006
 
2006
 
2006
 
2005
 
2005
   
                         
Retail
 
$12.10
 
$11.69
 
$11.50
 
$11.38
 
$11.35
   
Industrial
 
$4.92
 
$4.80
 
$4.82
 
$4.89
 
$4.93
   
                         
                         
Occupancy
 
 
 
 
 
Quarter Ended
 
 
 
 
   
   
September 30,
 
June 30,
 
March 31,
 
December 31,
 
September 30,
   
   
2006
 
2006
 
2006
 
2005
 
2005
   
                         
Shopping Center Portfolio
 
95.0%
 
95.2%
 
94.9%
 
94.6%
 
94.9%
   
Industrial Portfolio
 
90.4%
 
89.5%
 
92.9%
 
93.1%
 
93.8%
   
Total Portfolio
 
94.0%
 
93.7%
 
94.4%
 
94.2%
 
94.7%
   
                         
                         
Note: A space is considered occupied upon execution of a lease agreement.
             

Page 13

 

Weingarten Realty Investors
 
Property Information
 
(in thousands at prorata share)
 
                       
                       
                       
                       
                       
Property Investment Summary
                     
       
New
 
Major
 
All
     
   
Acquisitions
 
Development
 
Repairs
 
Other
 
Total
 
                       
Nine Months Ended 09/30/06
 
$
559,408
 
$
92,783
 
$
7,409
 
$
23,228
 
$
682,828
 
Year Ended 12/31/2005
   
358,990
   
33,171
   
12,858
   
36,791
   
441,810
 
Year Ended 12/31/2004
   
511,245
   
37,836
   
12,265
   
41,983
   
603,329
 
Year Ended 12/31/2003
   
413,796
   
64,011
   
11,754
   
39,062
   
528,623
 
Year Ended 12/31/2002
   
247,678
   
70,325
   
7,800
   
27,184
   
352,987
 
 

 
Page 14

 

Weingarten Realty Investors
Property Information
(in thousands at prorata share)
               
               
               
               
Acquisition Summary
             
     
Sq. Ft.
 
Date
 
Total
Center
City/State
 
of Bldg. Area
 
Acquired
 
Investment
               
Wholly-Owned Acquisitions
             
               
Shopping Centers
             
Valley Shopping Center
Sacramento, California
 
98
 
04/07/06
   
Brownsville Commons
Powder Springs, Georgia
 
28
 
05/22/06
   
Shoppes of Parkland
Parkland, Florida
 
146
 
05/31/06
   
Freedom Centre
Freedom, California
 
151
 
06/23/06
   
Little Brier Creek
Raleigh, North Carolina
 
17
 
07/10/06
   
Mendenhall Commons
Memphis, Tennessee
 
80
 
07/19/06
   
Regency Centre
Lexington, Kentucky
 
136
 
07/28/06
   
Marketplace at Seminole Towne Center
Sanford, Florida
 
309
 
08/21/06
   
Brookwood Marketplace
Suwannee, Georgia
 
166
 
08/22/06
   
Camp Creek Marketplace II
Atlanta, Georgia
 
196
 
08/22/06
   
Lakeside Marketplace
Acworth, Georgia
 
148
 
08/22/06
   
Publix at Princeton Lakes
Atlanta, Georgia
 
68
 
08/22/06
   
Dallas Commons
Dallas, Georgia
 
25
 
09/14/06
   
Reynolds Crossing
Duluth, Georgia
 
46
 
09/14/06
   
Palm Lakes Plaza
Margate, Florida
 
114
 
09/25/06
   
Kendall Corners
Miami, Florida
 
97
 
09/25/06
   
International Drive Value Center
Orlando, Florida
 
186
 
09/26/06
   
South Dade Shopping Center
Miami, Florida
 
219
 
09/26/06
   
East Lake Woodlands
Palm Harbor, Florida
 
145
 
09/26/06
   
               
     
2,374
       
               
Industrial
             
McGraw Hill Distribution
DeSoto, Texas
 
418
 
02/14/06
   
1855 Dornoch Industrial
San Diego, California
 
205
 
06/12/06
   
1725 Dornoch Industrial
San Diego, California
 
112
 
06/12/06
   
     
735
       
               
Subtotal - Wholly Owned Acquisitions
   
3,109
       
               
               
Joint Venture Acquisitions
             
               
Shopping Centers
             
Fresh Market Shoppes
Hilton Head, South Carolina
 
22
 
03/07/06
   
Shoppes at Paradise Isle
Destin, Florida
 
43
 
03/31/06
   
Indian Harbour Place
Indian Harbour Beach, Florida
 
41
 
06/22/06
   
Shoppes of Port Charlotte
Port Charlotte, Florida
 
10
 
07/31/06
   
Quesada Commons
Port Charlotte, Florida
 
15
 
07/31/06
   
               
     
131
       
               
Subtotal - Joint Venture Acquisitions
   
131
       
               
Grand Total Acquisitions (Y-T-D)
   
3,240
     
$559,408

Page 15

 
Weingarten Realty Investors
Property Information
(in thousands at prorata share)
               
Disposition Summary
             
               
     
Sq. Ft.
 
Date
 
Sales
Center
City/State
 
of Bldg. Area
 
Sold
 
Proceeds
               
Operating Property Sales
             
               
Wholly-Owned
             
               
Shopping Centers
             
Desert Square
Tuscon, Arizona
 
100
 
1/6/06
   
West State Plaza
Kansas City, Kansas
 
94
 
2/13/06
   
Caprock Shopping Center
Lubbock, Texas
 
262
 
3/30/06
   
Watauga Center
Ft. Worth, Texas
 
65
 
5/25/06
   
Copperfield Village
Houston, Texas
 
163
 
6/14/06
   
Evelyn Hills Shopping Center
Fayetteville, Arkansas
 
131
 
6/23/06
   
Westbrooke Village Shopping Center
Shawnee, Kansas
 
236
 
6/30/06
   
Regency Park
Overland Park, Kansas
 
202
 
6/30/06
   
Pinetree Plaza
Lee's Summit, Missouri
 
134
 
6/30/06
   
Round Rock Town Center
Round Rock, Texas
 
42
 
7/14/06
   
Geyer Springs
Little Rock, Arkansas
 
154
 
7/27/06
   
Bryant Square Center
Edmond, Oklahoma
 
281
 
8/31/06
   
Fondren Southwest
Houston, Texas
 
268
 
8/31/06
   
Windsor Hills Center
Oklahoma City, OK
 
204
 
9/22/06
   
               
               
               
     
2,336
       
Industrial
             
Thomas St. Warehouse
Memphis, Tennessee
 
33
 
3/23/06
   
Nasa 1 Business Center
Webster, Texas
 
112
 
4/20/06
   
Walnut Trails Business Park
Dallas, Texas
 
103
 
6/28/06
   
Southwide Warehouses
Memphis, Tennessee
 
237
 
7/6/06
   
               
     
485
       
               
Subtotal - Wholly Owned
   
2,821
       
               
Joint Venture
             
               
Shopping Centers
             
Crosby Shopping Center
Crosby, Texas
 
34
 
3/1/06
   
Dickinson Village
Dickinson, Texas
 
63
 
4/6/06
   
     
97
       
               
Subtotal - Joint Venture
   
97
       
               
Grand Total Operating Property Sales (Y-T-D)
   
2,918
     
$262,887
               
               
Sales to Joint Venture
             
               
Industrial
             
Siempre Viva Business Park *
San Diego, California
 
582
 
9/29/06
   
Sears Logistics Dist. Center *
Atlanta, Georgia
 
322
 
9/29/06
   
6485 Crescent Drive *
Norcross, Georgia
 
290
 
9/29/06
   
Crowfarn Drive Warehouse *
Memphis, Tennessee
 
129
 
9/29/06
   
Outland Business Center *
Memphis, Tennessee
 
328
 
9/29/06
   
     
 
       
Grand Total Sales To Joint Venture (Y-T-D)
   
1,651
     
$98,400
               
               
Land and Merchant Development Sales
             
               
Laveen Village Marketplace
Phoenix, Arizona
     
3/17/06
   
Northwest Crossing Centre
Houston, Texas
     
3/31/06
   
Town Center at Timber Springs
Orlando, Florida
     
9/27/06
   
               
             
 
Grand Total Land and Merchant Development Sales (Y-T-D)
           
$15,562
               
               
* WRI retains a 20% Ownership
             

Page 16

 

Weingarten Realty Investors
 
Property Information
 
(in thousands at prorata share, except percentage)
 
                                           
                                           
                                           
Properties Currently Under Development
               
Total Square Feet
                     
               
of Building Area
 
Spent
 
Spent
 
Spent
 
Total Estimated
 
           
Percent
     
WRI’s
 
3rd Quarter
 
Year-To-Date
 
Inception
 
Investment
 
Center Name
 
Location
 
Anchor
 
Ownership
 
Total
 
Share
 
2006
 
2006
 
To Date
 
WRI Costs
 
Gross Costs
 
                                           
Glenwood Meadows *
   
Glenwood Springs, Colorado
   
Super Target
   
41
%
 
403
   
114
 
$
345
 
$
1,291
 
$
10,876
 
$
11,260
 
$
27,463
 
Buckingham Square
   
Aurora, Colorado
         
50
%
 
930
   
254
   
3,963 
   
3,963 
   
3,963
   
15,572
   
31,143
 
Village at Liberty Lake *
   
Liberty Lake, Washington
   
Home Depot
   
50
%
 
159
   
13
   
(71
)
 
260
   
865
   
2,453
   
4,905
 
Laveen Village Phase II
   
Phoenix, Arizona
   
Home Depot
   
100
%
 
196
   
57
   
1,785
   
6,129
   
6,549
   
12,071
   
12,071
 
Raintree Ranch
   
Chandler, Arizona
   
Whole Foods
   
100
%
 
140
   
140
   
527
   
12,555
   
12,983
   
28,842
   
28,842
 
Jess Ranch Marketplace *
   
Apple Valley, CA
         
50
%
 
314
   
110
   
2,928
   
2,928
   
2,944
   
20,453
   
40,905
 
Starr Plaza *
   
Rio Grande City, Texas
   
H-E-B
   
50
%
 
180
   
90
   
2,984
   
3,900
   
9,823
   
10,323
   
20,646
 
Sharyland Towne Crossing *
   
Mission, Texas
   
Target/HEB
   
50
%
 
490
   
179
   
1,181
   
4,272
   
11,214
   
24,450
   
48,900
 
Market at Nolana *
   
Mission, Texas
   
Wal-Mart
   
50
%
 
263
   
31
   
52
   
2,799
   
2,802
   
5,151
   
10,301
 
Market at Sharyland Place *
   
Mission, Texas
         
50
%
 
106
   
53
   
   
   
6
   
2,747
   
5,494
 
Gateway Station
   
Burleson, Texas
         
70
%
 
100
   
69
   
1,265
   
1,265
   
1,265
   
8,768 
   
12,526
 
Westover Square
   
San Antonio, Texas
         
67
%
 
60
   
0
   
3,001
   
3,001
   
3,001
   
3,911
   
5,838
 
River Pointe Apartments II
   
Conroe, Texas
   
N/A
   
100
%
 
217
   
217
   
406
   
1,001
   
1,697
   
14,756
   
14,756
 
Phillips Landing
   
Orlando, Florida
   
Wal-Mart
   
100
%
 
286
   
66
   
111
   
479
   
3,627
   
13,980
   
13,980
 
Phillips Crossing
   
Orlando, Florida
   
Whole Foods
   
100
%
 
139
   
139
   
75 
   
75 
   
75
   
23,281
   
23,281
 
Shoppes at Caveness Farms
   
Wake Forest, North Carolina
         
100
%
 
308
   
308
   
1,998
   
10,697
   
11,011
   
47,196
   
47,196
 
Herndon Plaza
   
Orlando, Florida
   
Bed Bath & Beyond
   
50
%
 
262
   
131
   
1,656
   
9,903
   
10,063
   
13,552
   
27,103
 
Waterford Village
   
Wilmington, North Carolina
         
75
%
 
112
   
84
   
448
   
1,264
   
6,222
   
12,009
   
16,011
 
North Sharyland Crossing *
   
Mission, Texas
   
Lowe's
   
50
%
 
306
   
72
   
27
   
31
   
3,599
   
9,591
   
19,181
 
Rock Prairie Marketplace
   
College Station, Texas
   
Wal-Mart/Lowe's
   
100
%
 
554
   
198
   
2,660
   
11,450
   
11,799
   
28,145
   
28,145
 
Tomball Marketplace
   
Tomball, Texas
         
100
%
 
387
   
213
   
5,053
   
15,515
   
15,567
   
37,888
   
37,888
 
                                                               
Total 21 Properties Under Development
             
5,912
   
2,538
 
$
30,398
 
$
92,783
 
$
129,948
 
$
346,397
 
$
476,577
 
                                                               
                                                               
* Unconsolidated Joint Venture
                                             
 

 
Page 17

 

Weingarten Realty Investors
Total Operating Income at Prorata Share by Geographic Region (1)
(in thousands, except percentages)
                                               
                                               
                                               
 
Nine Months Ended September 30,
 
Twelve Months Ended December 31,
 
2006
 
%
 
2005
 
%
 
2005
 
%
 
2004
 
%
 
2003
 
%
 
2002
 
%
                                               
Western Region
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
California
$ 28,874
 
14.8%
 
$ 27,502
 
14.9%
 
$ 36,715
 
14.9%
 
$ 32,188
 
14.8%
 
$ 26,178
 
14.4%
 
$ 22,062
 
13.8%
Nevada
14,212
 
7.3%
 
12,504
 
6.8%
 
16,949
 
6.9%
 
13,208
 
6.1%
 
11,862
 
6.5%
 
12,218
 
7.7%
Arizona
7,666
 
3.9%
 
7,361
 
4.0%
 
9,926
 
4.0%
 
8,648
 
4.0%
 
8,038
 
4.4%
 
7,220
 
4.5%
Colorado
5,997
 
3.1%
 
5,011
 
2.7%
 
6,800
 
2.8%
 
6,664
 
3.1%
 
4,028
 
2.2%
 
2,165
 
1.4%
New Mexico
5,233
 
2.7%
 
4,673
 
2.5%
 
6,190
 
2.5%
 
5,008
 
2.3%
 
4,143
 
2.3%
 
3,992
 
2.5%
Utah
1,653
 
0.8%
 
1,519
 
0.8%
 
2,014
 
0.8%
 
1,763
 
0.8%
 
(2)
 
0.0%
 
(3)
 
0.0%
Washington
65
 
0.0%
 
(2)
 
0.0%
 
-
 
0.0%
 
-
 
0.0%
 
-
 
0.0%
 
-
 
0.0%
Total Western Region
63,700
 
32.6%
 
58,568
 
31.7%
 
78,594
 
31.9%
 
67,479
 
31.1%
 
54,247
 
29.8%
 
47,654
 
29.9%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Central Region
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Texas
$ 63,678
 
32.7%
 
$ 66,092
 
35.8%
 
$ 86,019
 
35.0%
 
$ 76,752
 
35.4%
 
$ 76,441
 
42.0%
 
$ 71,214
 
44.7%
Louisiana
5,106
 
2.6%
 
5,233
 
2.8%
 
8,673
 
3.5%
 
12,023
 
5.5%
 
6,640
 
3.6%
 
5,203
 
3.3%
Kansas
1,022
 
0.5%
 
822
 
0.4%
 
1,049
 
0.4%
 
1,548
 
0.7%
 
1,785
 
1.0%
 
1,694
 
1.1%
Arkansas
1,620
 
0.8%
 
3,078
 
1.7%
 
3,482
 
1.4%
 
1,823
 
0.8%
 
1,288
 
0.7%
 
1,744
 
1.1%
Mississippi
(6)
 
0.0%
 
-
 
0.0%
 
(1)
 
0.0%
 
-
 
0.0%
 
(15)
 
0.0%
 
(82)
 
-0.1%
Illinois
1,795
 
0.9%
 
1,794
 
1.0%
 
2,257
 
0.9%
 
2,365
 
1.1%
 
1,502
 
0.8%
 
575
 
0.4%
Missouri
945
 
0.5%
 
1,021
 
0.7%
 
1,334
 
0.5%
 
1,383
 
0.6%
 
1,425
 
0.8%
 
1,423
 
0.9%
Oklahoma
421
 
0.2%
 
344
 
0.2%
 
436
 
0.2%
 
585
 
0.3%
 
540
 
0.3%
 
512
 
0.3%
Total Central Region
74,581
 
38.2%
 
78,384
 
42.6%
 
103,249
 
41.9%
 
96,479
 
44.4%
 
89,606
 
49.2%
 
82,283
 
51.7%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Eastern Region
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Florida
$ 29,725
 
15.3%
 
$ 25,470
 
13.8%
 
$ 34,012
 
13.8%
 
$ 30,223
 
13.9%
 
$ 23,811
 
13.1%
 
$ 18,052
 
11.3%
North Carolina
12,921
 
6.6%
 
10,187
 
5.5%
 
14,073
 
5.8%
 
11,038
 
5.1%
 
8,398
 
4.6%
 
6,256
 
3.8%
South Carolina
101
 
0.1%
 
-
 
0.0%
 
-
 
0.0%
 
-
 
0.0%
 
-
 
0.0%
 
-
 
0.0%
Georgia
6,719
 
3.6%
 
6,042
 
3.3%
 
8,041
 
3.4%
 
5,868
 
2.8%
 
2,096
 
1.2%
 
445
 
0.3%
Tennessee
3,644
 
1.9%
 
3,053
 
1.7%
 
4,037
 
1.6%
 
3,847
 
1.9%
 
3,512
 
1.9%
 
4,594
 
2.9%
Kentucky
3,000
 
1.6%
 
2,475
 
1.3%
 
3,440
 
1.5%
 
1,507
 
0.7%
 
-
 
0.0%
 
-
 
0.0%
Maine
160
 
0.1%
 
254
 
0.1%
 
350
 
0.1%
 
318
 
0.1%
 
409
 
0.2%
 
166
 
0.1%
Total Eastern Region
56,270
 
29.2%
 
47,481
 
25.7%
 
63,953
 
26.2%
 
52,801
 
24.5%
 
38,226
 
21.0%
 
29,513
 
18.4%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Operating Income
$ 194,551
 
100.0%
 
$ 184,433
 
100.0%
 
$ 245,796
 
100.0%
 
$ 216,759
 
100.0%
 
$ 182,079
 
100.0%
 
$ 159,450
 
100.0%
                                               
                                               
                                               
(1) The Operating Income at Prorata Share includes the real estate operations of joint ventures at WRI's ownership percentages ranging from 20% to 75% except for the operations of down-reit partnerships, which are included at 100% with the applicable minority interest. Prorata financial information is not, and is not intended to be, a presentation in accordance with generally accepted accounting principles.
 
Page 18

 

Weingarten Realty Investors
Property Listing at September 30, 2006
               
               
     
Gross Leasable Area
     
WRI
 
Others
 
 
Center and Location
 
Anchors
Owned
 
(O.B.O.)
 
Total
               
Houston and Harris County, Total
   
6,046,000
 
844,000
 
6,890,000
Alabama-Shepherd, S. Shepherd at W. Alabama
 
Bookstop, PetsMart
56,000
 
0
 
56,000
Bayshore Plaza, Spencer Hwy. at Burke Rd.
 
Fitness Connections (O.B.O.)
36,000
 
86,000
 
122,000
Bellaire Boulevard, Bellaire at S. Rice
 
Randall’s +
35,000
 
0
 
35,000
Braeswood Square, N. Braeswood at Chimney Rock
 
Belden’s +, Walgreen’s
103,000
 
0
 
103,000
Centre at Post Oak, Westheimer at Post Oak Blvd.
 
Marshall’s, Barnes & Noble, Old Navy, Grand Lux Café, Comp USA
184,000
 
0
 
184,000
Champions Village, F.M. 1960 at Champions Forest Dr.
 
Randall’s +, SteinMart, Palais Royal, Cost Plus, Barnes & Noble
408,000
 
0
 
408,000
Crestview, Bissonnet at Wilcrest
 
Creative Connection
9,000
 
0
 
9,000
Cullen Place, Cullen at Reed
 
C&R Beauty Supply
7,000
 
0
 
7,000
Cullen Plaza, Cullen at Wilmington
 
Fiesta +, Family Dollar, Beauty Empire
85,000
 
0
 
85,000
Cypress Pointe, F.M. 1960 at Cypress Station
 
Kroger +, Office Max, Comp USA, Babies “R” Us
191,000
 
97,000
 
288,000
Eastpark, Mesa Rd. at Tidwell
 
CVS/pharmacy, US Postal Service
113,000
 
0
 
113,000
Edgebrook, Edgebrook at Gulf Fwy.
 
Fiesta +, Bank One, Family Dollar
78,000
 
0
 
78,000
Fiesta Village, Quitman at Fulton
 
Fiesta +
30,000
 
0
 
30,000
Fondren/West Airport, Fondren at W. Airport
   
62,000
 
0
 
62,000
Glenbrook Square, Telephone Road
 
Kroger +, Blockbuster
76,000
 
0
 
76,000
Griggs Road, Griggs at Cullen
 
Family Dollar, Modern City, Citi Trends
80,000
 
0
 
80,000
Harrisburg Plaza, Harrisburg at Wayside
 
Fallas Paredes
93,000
 
0
 
93,000
Heights Plaza, 20th St. at Yale
 
Kroger +, Walgreen’s
72,000
 
0
 
72,000
Humblewood Shopping Plaza, Eastex Fwy. at F.M. 1960
 
Kroger +,Conn’s, Walgreen’s
180,000
 
99,000
 
279,000
I-45/Telephone Rd. Center, I-45 at Maxwell Street
 
Seller Bros. +, Dollar Tree, Best Price, FAMSA
164,000
 
0
 
164,000
Jacinto City, Market at Baca
 
Seller Bros. +, CVS/pharmacy
25,000
*
25,000
 
50,000
Landmark, Gessner at Harwin
 
Family Dollar
56,000
 
0
 
56,000
Lawndale, Lawndale at 75th St.
 
Fiesta +, Family Dollar
54,000
 
0
 
54,000
Little York Plaza, Little York at E. Hardy
 
Seller Bros. +, Dollar General, American Way Thrift Stores
117,000
 
0
 
117,000
Lyons Avenue, Lyons at Shotwell
 
Fiesta +, Fallas Paredes
68,000
 
0
 
68,000
Market at Westchase, Westheimer at Wilcrest
 
Whole Foods Market +
87,000
 
0
 
87,000
Miracle Corners, S. Shaver at Southmore
 
Fallas Paredes, Family Thrift, Dollar General
86,000
 
0
 
86,000
Northbrook Center, Northwest Fwy. at W. 34th
 
Randall’s, Office Depot, Citi Trends, Anna’s Linens, Dollar Tree
174,000
 
0
 
174,000
North Main Square, Pecore at N. Main
 
O’Reilly Autoparts
19,000
 
0
 
19,000
North Oaks, F.M. 1960 at Veterans Memorial
 
T.J. Maxx, Ross Dress for Less, Big Lots, DSW, Half Price Books, Anna's Linens
425,000
 
0
 
425,000
North Triangle , I-45 at F.M. 1960
 
Steak & Ale, CiCi’s Pizza, James Coney Island
16,000
 
0
 
16,000
Northway, Northwest Fwy. at 34th
 
Conn’s, Academy, Office Max
209,000
 
0
 
209,000
Northwest Crossing, N.W. Fwy. at Hollister (75%)
 
Target (O.B.O.), Marshall’s, Babies “R” Us, Best Buy
134,000
* !
165,000
 
299,000
Oak Forest, W. 43rd at Oak Forest
 
Kroger +, Palais Royal, Dollar Tree
164,000
 
0
 
164,000
Orchard Green, Gulfton at Renwick
 
Seller Bros. +, Family Dollar
74,000
 
0
 
74,000
Randall's /Cypress Station, F.M. 1960 at I-45
 
David’s Bridal, Randalls
141,000
 
0
 
141,000
Randall's /Kings Crossing, Kingwood Dr. at Lake Houston Pkwy.
 
Randall’s, CVS/pharmacy
128,000
 
0
 
128,000
Randall's /Norchester, Grant at Jones
 
Randall’s +
108,000
 
0
 
108,000
Richmond Square, Richmond Ave. at W. Loop 610
 
Best Buy (O.B.O.), Cost Plus
33,000
 
58,000
 
91,000
River Oaks East, W. Gray at Woodhead
 
Kroger +
71,000
 
0
 
71,000
River Oaks West, W. Gray at S. Shepherd
 
Talbot’s, JoS. A. Bank, Ann Taylor, Gap
235,000
 
0
 
235,000
Sheldon Forest North , North, I-10 at Sheldon
 
Family Dollar
22,000
*
0
 
22,000
Sheldon Forest South , North, I-10 at Sheldon
 
Gerland’s +, Burke’s Outlet
38,000
*
38,000
 
76,000
Shops at Three Corners, S. Main at Old Spanish Trail (70%)
 
Fiesta +, Office Depot, Big Lots, PetsMart, Ross Dress for Less, Anna’s Linens
176,000
*
76,000
 
252,000
Southgate, W. Fuqua at Hiram Clark
 
Food-A-Rama +, Palais Royal, CVS/pharmacy, Family Dollar
125,000
 
0
 
125,000
Spring Plaza, Hammerly at Campbell
 
Seller Bros., Family Dollar
56,000
 
0
 
56,000
Steeplechase, Jones Rd. at F.M. 1960
 
Target (O.B.O.), Palais Royal, 99 Cents Only, Goodwill Industries
193,000
 
100,000
 
293,000
Stella Link , Stella Link at S. Braeswood
 
Seller Bros.+, Spec’s Liquor Warehouse, Burke’s Outlet
68,000
 
0
 
68,000
Studemont, Studewood at E. 14th St
 
Fiesta +
28,000
 
0
 
28,000
Ten Blalock Square, I-10 at Blalock
 
Fiesta
97,000
 
0
 
97,000
10/Federal, I-10 at Federal
 
Citi Trends, Palais Royal, Seller Bros. +
132,000
 
0
 
132,000
Village Arcade, University at Kirby
 
Gap, Talbot’s, Baby Gap, Old Navy
191,000
 
0
 
191,000
Westbury Triangle, Chimney Rock at W. Bellfort
 
99 Cents Only, CVS/pharmacy
67,000
 
0
 
67,000
Westchase Center, Westheimer at Wilcrest
 
Ross Dress for Less, Randall’s, Golfsmith, Palais Royal, Target (O.B.O.), Petco
236,000
 
100,000
 
336,000
Westhill Village, Westheimer at Hillcroft
 
Ross Dress for Less, Office Depot, 99 Cents Only, Anna’s Linens
131,000
 
0
 
131,000

Page 19

 

Weingarten Realty Investors
Property Listing at September 30, 2006
               
               
     
Gross Leasable Area
     
WRI
 
Others
 
 
Center and Location
 
Anchors
Owned
 
(O.B.O.)
 
Total
               
               
Texas (Excluding Houston & Harris Co.), Total
   
7,527,000
 
2,332,000
 
9,859,000
Bell Plaza, 45th Ave. at Bell St., Amarillo
 
United Supermarket +, Dollar Tree
129,000
 
0
 
129,000
Coronado, 34th St. at Wimberly Dr., Amarillo
 
Blockbuster
48,000
 
0
 
48,000
Grand Plaza, Interstate Hwy 40 at Grand Ave., Amarillo
 
United Supermarket +, Big Lots, Beall’s
157,000
 
0
 
157,000
Puckett Plaza, Bell Road, Amarillo
 
Huneke Furniture, CVS/Pharmacy, Gold's Gym
133,000
 
0
 
133,000
Spanish Crossroads, Bell St. at Atkinsen St., Amarillo
 
Big Lots, Dollar General
74,000
 
0
 
74,000
Wolflin Village, Wolflin Ave. at Georgia St., Amarillo
 
Hastings, Talbot’s, Office Depot
193,000
 
0
 
193,000
Brodie Oaks, South Lamar Blvd. at Loop 360, Austin
 
Hobby Lobby (O.B.O.), Toys "R" Us (O.B.O.), Sun Harvest Foods +, Neiman Marcus Last Call
245,000
 
109,000
 
354,000
Southrigde Plaza, William Cannon Dr. at S. 1st St., Austin
 
H. E. B. +, Dollar Tree
143,000
 
0
 
143,000
Calder, Calder at 24th St., Beaumont
   
34,000
 
0
 
34,000
North Park Plaza, Eastex Fwy. at Dowlen, Beaumont
 
Target (O.B.O.), Anna’s Linens, Spec’s Liquor Warehouse, David’s Bridal, Toys “R” Us (O.B.O.)
70,000
* !
168,000
 
238,000
Phelan West, Phelan at 23rd St., Beaumont (67%)
 
Kroger + (O.B.O.)
16,000
* !
67,000
 
83,000
Phelan, Phelan at 23rd St, Beaumont
 
Vacant
12,000
 
0
 
12,000
Southgate, Calder Ave. at 6th St., Beaumont
 
Dollar General
34,000
 
0
 
34,000
Westmont, Dowlen at Phelan, Beaumont
 
CVS/pharmacy, Talbot’s, Ashley Furniture
98,000
 
0
 
98,000
Gateway Station, I-35W and McAlister Rd., Burleson (70%)
   
0
# *
0
 
0
Lone Star Pavilions, Texas at Lincoln Ave., College Station
 
Best Buy, Office Depot, Barnes & Noble
107,000
 
0
 
107,000
Rock Prairie Marketplace, Rock Prairie Rd. at Hwy. 6, College Station
 
Vacant
0
#
0
 
0
Montgomery Plaza, Loop 336 West at I-45, Conroe
 
Academy, Conn’s, Goody’s, 99 Cents Only, Spec’s Liquor Warehouse, Petco
317,000
 
0
 
317,000
River Pointe, I-45 at Loop 336, Conroe
 
Kroger + (O.B.O)
45,000
 
145,000
 
190,000
Moore Plaza, S. Padre Island Dr. at Staples, Corpus Christi
 
Office Depot, Marshall’s, H. E. B. + (O.B.O),Target (O.B.O.), Circuit City, Old Navy, Linen’s N Things, Hobby Lobby
373,000
 
162,000
 
535,000
Portairs, Ayers St. at Horne Rd., Corpus Christi
 
CVS /pharmacy, Family Dollar, Beall’s
117,000
 
0
 
117,000
Shoppes at Deer Creek, FM 731 at FM 1137, Crowley
 
Albertsons + (O.B.O.)
23,000
 
52,000
 
75,000
Golden Beach Market Place, Golden Triangle Blvd. at N. Beach St., Ft. Worth
 
Albertsons + (O.B.O.)
31,000
 
52,000
 
83,000
Overton Park Plaza, SW Loop 820/Interstate 20 at South Hulen St., Ft. Worth
 
Sports Authority, Circuit City, PetsMart, Office Depot, T.J. Maxx, Albertsons +, Home Depot (O.B.O.), Anna’s Linens, Ashley Furniture
353,000
 
110,000
 
463,000
Southcliff, I-20 at Grandbury Rd., Ft. Worth
 
Jo-Ann’s Fabrics
116,000
 
0
 
116,000
Broadway , Broadway at 59th St., Galveston
 
Big Lots, Family Dollar
76,000
 
0
 
76,000
Galveston Place, Central City Blvd. at 61st St., Galveston
 
Randall’s, Office Depot, Hastings, Palais Royal
210,000
 
0
 
210,000
Food King Place, 25th St. at Avenue P, Galveston
 
Arlan’s
28,000
 
0
 
28,000
Killeen Marketplace, 3200 E. Central Texas Expressway, Killeen
 
Best Buy, Ross Dress for Less, Staples, Home Depot (O.B.O.)
115,000
 
136,000
 
251,000
Cedar Bayou, Bayou Rd., La Marque
 
Dollar General
15,000
 
31,000
 
46,000
North Creek Plaza, Del Mar Blvd. at Hwy. I-35, Laredo
 
Old Navy, Bed Bath & Beyond, Best Buy, Target (O.B.O.), H.E.B. + (O.B.O.), Marshall’s
245,000
 
206,000
 
451,000
Plantation Centre, Del Mar Blvd. at McPherson Rd., Laredo
 
H.E.B. +, Blockbuster
135,000
 
0
 
135,000
League City Plaza, I-45 at F.M. 518, League City
 
Kroger +, Spec’s Liquor Warehouse
127,000
 
0
 
127,000
Central Plaza, Loop 289 at Slide Rd., Lubbock
 
Bed Bath & Beyond, Old Navy, Staples
151,000
 
0
 
151,000
Northtown Plaza, 1st St. at University Plaza, Lubbock
 
United Supermarket +, Family Dollar
74,000
 
0
 
74,000
Town and Country, 4th St. at University, Lubbock
 
Hasting’s Records & Books
51,000
 
0
 
51,000
Angelina Village, Hwy. 59 at Loop 287, Lufkin
 
Randall’s +, Kmart, Clark’s, Ashley Furniture
257,000
 
0
 
257,000
Independence Plaza, Town East Blvd., Mesquite
 
Sack & Save +, Babies “R” Us
179,000
 
0
 
179,000
South 10th St. HEB, S. 10th St. at Houston St., McAllen
 
H.E.B. +
52,000
* !
52,000
 
104,000
Las Tiendas Plaza, Expressway 83 at McColl Rd., McAllen
 
Target (O.B.O.), Mervyn’s (O.B.O.), Academy, Conn’s, Ross Dress for Less, Marshall’s, Office Depot
144,000
* !
386,000
 
530,000
Market at Nolana, Nolana Ave and 29th St., McAllen
 
Walmart (O.B.O)
0
# * !
0
 
0
Northcross, N. 10th St. at Nolana Loop, McAllen
 
Barnes & Noble, Blockbuster
38,000
* !
38,000
 
76,000
Old Navy Building, 1815 10th Street, McAllen
 
Old Navy
8,000
* !
8,000
 
16,000
Sharyland Towne Crossing, Shary Rd. at Hwy. 83, Mission
 
Target(O.B.O), H.E.B+
7,000
# * !
0
 
7,000
North Sharyland Towne Crossing, Shary Rd. at North Hwy. 83, Mission
 
Vacant
0
# * !
0
 
0
Custer Park, SWC Custer Road at Parker Road, Plano
 
Kroger + (O.B.O), Dollar General
116,000
 
65,000
 
181,000
Pitman Corners, Custer Road at West 15th, Plano
 
Albertsons +, Tuesday Morning
190,000
 
0
 
190,000
Gillham Circle, Gillham Circle at Thomas, Port Arthur
 
Family Dollar
33,000
 
0
 
33,000
Starr Plaza, U.S. Hwy. 83 at Bridge St., Rio Grande City (50%)
 
H.E.B.+, Beall’s, Dollar General
85,000
* !
85,000
 
170,000
Rockwall, I-30 at Market Center Street, Rockwall
 
Office Max, Petco, Pier 1, Ross Dress for Less, Old Navy, Linens ‘N Things, Michael’s
209,000
 
0
 
209,000
Plaza, Ave. H at Eighth Street, Rosenberg
 
Burke’s Outlet, 99 Cents Only, CVS
41,000
*
41,000
 
82,000
Rose-Rich, U.S. Hwy. 90A at Lane Dr., Rosenberg
 
Family Dollar, Palais Royal
104,000
 
0
 
104,000

Page 20

 

Weingarten Realty Investors
Property Listing at September 30, 2006
               
               
     
Gross Leasable Area
     
WRI
 
Others
 
 
Center and Location
 
Anchors
Owned
 
(O.B.O.)
 
Total
               
Texas (Excluding Houston & Harris Co.) Continued
             
Lake Pointe Market Center, Dalrock Rd. at Lakeview Pkwy., Rowlett
 
Tom Thumb + (O.B.O.), Walgreen’s (O.B.O.)
40,000
 
81,000
 
121,000
Boswell Towne Center, Highway 287 at Bailey Boswell Rd., Saginaw
 
Albertsons + (O.B.O)
26,000
 
62,000
 
88,000
Fiesta Trails, I-10 at DeZavala Rd., San Antonio
 
H. E. B. + (O.B.O), Target (O.B.O.), Barnes & Noble, Cost Plus, Regal Cinema, Marshall’s, Office Max, SteinMart, Petco, Anna’s Linens
312,000
 
176,000
 
488,000
Oak Park Village, Nacogdoches at New Braunfels, San Antonio
 
H. E. B. +
66,000
 
0
 
66,000
Parliament Square, W. Ave. at Blanco, San Antonio
 
Incredible Pizza, Bernina New Home Sewing Center
120,000
 
0
 
120,000
Thousand Oaks, Thousand Oaks Dr. at Jones Maltsberger Rd., San Antonio
 
H. E. B. +, Beall’s, Tuesday Morning
163,000
 
0
 
163,000
Valley View, West Ave. at Blanco Rd., San Antonio
 
Marshall’s, Blockbuster, Dollar Tree
90,000
 
0
 
90,000
Westover Square, 151 and Ingram, San Antonio (67%)
   
0
# *
0
 
0
First Colony Commons, Hwy. 59 at Williams Trace Blvd., Sugar Land
 
Babies “R” Us, Conn’s, Michael’s, Office Depot, Home Depot
410,000
 
0
 
410,000
Market at Town Center, Town Center Blvd., Sugar Land
 
Old Navy, Barnes & Noble, Marshall’s, Linens ‘N Things, DSW Shoe Warehouse, Ross Dress for Less, Lane Furniture
345,000
 
0
 
345,000
New Boston Road, New Boston at Summerhill, Texarkana
 
Rehkopf’s Grocery +, CVS/pharmacy, Salvation Army
97,000
 
0
 
97,000
Island Market Place, 6th St. at 9th Ave., Texas City
 
Food King +
27,000
 
0
 
27,000
Palmer Plaza, F.M. 1764 at 34th St., Texas City
 
Randall’s +, Big Lots (O.B.O.), Dollar Tree
97,000
 
100,000
 
197,000
Tomball Marketplace, FM 2920 and Future 249, Tomball
 
Vacant
0
#
0
 
0
Broadway, S. Broadway at W. 9th St., Tyler
 
SteinMart
60,000
 
0
 
60,000
Crossroads, I-10 at N. Main, Vidor
 
Market Basket +, Beall’s, Baskin’s, Burke’s Outlet
116,000
 
0
 
116,000
               
Florida, Total 
   
5,380,000
 
1,333,000
 
6,713,000
Boca Lyons, Glades Rd. at Lyons Rd., Boca Raton
 
Ross Dress for Less, Ethan Allen
117,000
 
0
 
117,000
Sunset 19, US Hwy. 19 at Sunset Pointe Rd., Clearwater
 
Publix +, Bed Bath & Beyond, Staples, Comp USA, Barnes & Noble, Sports Authority, Old Navy
273,000
 
0
 
273,000
Embassy Lakes, Sheraton St. at Hiatus Rd., Cooper City
 
Winn Dixie +, Walgreen’s, Tuesday Morning
132,000
 
48,000
 
180,000
Shoppes at Paradise Isle, 34940 Emerald Coast Pkwy, Destin (25%)
 
Best Buy, Linens N' Things, Michaels, Office Depot, PetsMart
43,000
* !
129,000
 
172,000
Hollywood Hills Plaza, Hollywood Blvd. at North Park Rd., Hollywood
 
Publix +, Target, CVS/pharmacy
365,000
 
0
 
365,000
Indian Harbour Place, East Eau Gallie Boulevard, Indian Harbour Beach (25%)
 
Beall's, Publix
41,000
* !
123,000
 
164,000
Argyle Village, Blanding at Argyle Forest Blvd., Jacksonville
 
Bed Bath & Beyond, Publix +, T.J. Maxx, Babies “R” Us, Jo-Ann’s Fabrics
305,000
 
0
 
305,000
TJ Maxx Plaza, 117th Avenue at Sunset Blvd., Kendall
 
T.J. Maxx, Winn Dixie +
162,000
 
0
 
162,000
Largo Mall, Ulmerton Rd. at Seminole Ave., Largo
 
Beall’s Department Stores, Marshall’s, PetsMart, Bed Bath & Beyond, Staples, Michael’s, Target (O.B.O.), Albertsons + (O.B.O.)
378,000
 
198,000
 
576,000
Palm Lakes Plaza, Atlantic Boulevard and Rock Island Road, Maragate
 
Publix +, CVS/pharmacy
114,000
 
0
 
114,000
Lake Washington Crossing, Wickham Rd. at Lake Washington Rd., Melbourne (25%)
 
Publix +, Beall’s Outlet Stores
30,000
* !
89,000
 
119,000
Lake Washington Square, Wickham Rd. at Lake Washington Rd., Melbourne
 
Albertsons +
112,000
 
0
 
112,000
Kendall Corners, Kendall Drive and SW 127th Avenue, Miami
 
City Furniture
97,000
 
0
 
97,000
South Dade, South Dixie Highway and Eureka Drive, Miami
 
Publix, Petco, Chuck E. Cheese, Bed Bath & Beyond
219,000
 
0
 
219,000
Tamiami Trail Shops, S.W. 8th St. at S.W. 137th Ave., Miami
 
Publix +, CVS/pharmacy
111,000
 
0
 
111,000
Northridge, E. Commercial Blvd. at Dixie Hwy., Oakland Park
 
Publix +, Petco, Ross Dress for Less, Anna's Linen
235,000
 
0
 
235,000
Colonial Plaza, E. Colonial Dr. at Primrose Dr., Orlando
 
Staples, Circuit City, Ross Dress for Less, Linens ‘N Things, Babies “R” Us, Marshall’s, Old Navy, SteinMart, Barnes & Noble, Petco
488,000
 
0
 
488,000
Herndon Plaza, East Colonial Dr. at Maguire Boulevard, Orlando
 
Bed Bath & Beyond, Petsmart, Jo Ann Fabrics, Sports Authority
133,000
*
133,000
 
266,000
International Drive Value Center, International Drive and Touchstone Drive, Orlando
 
Bed Bath & Beyond, Ross, TJ Maxx, Old Navy
186,000
 
0
 
186,000
Market at Southside, Michigan Ave. at Delaney Ave., Orlando
 
Ross Dress for Less, Beall’s Outlet Stores, Dollar Tree, Albertsons + (O.B.O.)
97,000
 
65,000
 
162,000
Phillips Landing, Turkey Lake Rd., Orlando
 
Wal-Mart (O.B.O)
0
#
0
 
0
Westland Terrace Plaza, SR 50 at Apopka Vineland Rd., Orlando
 
T.J. Maxx, Petco, Shoe Carnival, Super Target + (O.B.O.)
68,000
 
183,000
 
251,000
University Palms, Alafaya Trail at McCullough Rd., Oviedo
 
Publix +, Blockbuster
99,000
 
0
 
99,000
East Lake Woodlands, East Lake Road and Tampa Road, Palm Harbor
 
Publix, Walgreens
145,000
 
0
 
145,000
Shoppes at Parkland, Hillsboro Boulevard at State Road #7, Parkland
 
BJ's Wholesale Club
146,000
 
0
 
146,000

Page 21

 

Weingarten Realty Investors
Property Listing at September 30, 2006
               
               
     
Gross Leasable Area
     
WRI
 
Others
 
 
Center and Location
 
Anchors
Owned
 
(O.B.O.)
 
Total
               
Florida Continued
             
Flamingo Pines, Pines Blvd. at Flamingo Rd., Pembroke Pines
 
Publix +, U.S. Post Office, Keiser College
257,000
 
105,000
 
362,000
Pembroke Commons, University at Pines Blvd., Pembroke Pines
 
Publix +, Marshall’s, Office Depot, LA Fitness
316,000
 
0
 
316,000
Publix at Laguna Isles, Sheridan St. at SW 196th Ave., Pembroke Pines
 
Publix +
69,000
 
0
 
69,000
Vizcaya Square, Nob Hill Rd. at Cleary Blvd., Plantation
 
Winn Dixie +
108,000
 
0
 
108,000
Quesada Commons, Quesada Avenue and Toledo Blade Boulevard, Port Charlotte (25%)
 
Publix
15,000
* !
44,000
 
59,000
Shoppes of Port Charlotte, Toledo Blade Boulevard and Tamiami Trail, Port Charlotte (25%)
 
Petco
10,000
* !
31,000
 
41,000
Marketplace at Seminole Towne Center, Central Florida Greenway and Rinehart Road, Sanford
 
Circuit City, Sports Authority, DSW, Marshalls, Old Navy, Linens 'N Things, Petco, Cost Plus, Target (O.B.O.)
309,000
 
185,000 
 
494,000
Venice Pines, Center Rd. at Jacaranda Blvd., Venice
 
Kash N Karry +
97,000
 
0
 
97,000
Winter Park Corners, Aloma Ave. at Lakemont Ave., Winter Park
 
Whole Foods Market +, Outback Steakhouse
103,000
 
0
 
103,000
               
California, Total
   
3,556,000
 
457,000
 
4,013,000
Centerwood Plaza, Lakewood Blvd. at Alondra Dr., Bellflower
 
Bestway Supermarket +, Hollywood Video
71,000
 
0
 
71,000
Southampton Center, IH-780 at Southampton Rd., Benecia
 
Raley’s +, Hollywood Video
162,000
 
0
 
162,000
580 Market Place, E. Castro Valley at Hwy. I-580, Castro Valley
 
P. W. Supermarkets +, PETCO
100,000
 
0
 
100,000
Chino Hills Marketplace, Chino Hills Pkwy. at Pipeline Ave., Chino Hills
 
Rite Aid, Von’s +, 24 Hour Fitness, Dollar Tree
320,000
 
0
 
320,000
Buena Vista Marketplace, Huntington Dr. at Buena Vista St., Duarte
 
Ralphs +, Blockbuster
91,000
 
0
 
91,000
El Camino Promenade, El Camino Real at Via Molena, Encinitas
 
T.J. Maxx, AMC Theater, Beverages & More
111,000
 
0
 
111,000
Freedom Centre, Freedom Blvd. At Airport Blvd., Watsonville
 
Rite Aide, Big Lots
151,000
 
0
 
151,000
Fremont Gateway Plaza, Paseo Padre Pkwy. at Walnut Ave., Fremont
 
Raley’s +, NAZ Cinema, 24 Hour Fitness
195,000
 
0
 
195,000
Hallmark Town Center, W. Cleveland Ave. at Stephanie Ln., Madera
 
Food 4 Less + , Bally’s
85,000
 
0
 
85,000
Menifee Town Center, Antelope Rd. at Newport Rd., Menifee
 
Ralphs +, Target (O.B.O.), Ross Dress for Less
124,000
 
124,000
 
248,000
Marshalls Plaza, McHenry at Sylvan Ave., Modesto
 
Marshall’s, Dress Barn, Guitar Center
79,000
 
0
 
79,000
Prospectors Plaza, Missouri Flat Rd. at US Hwy. 50, Placerville
 
Albertsons +, Kmart, Long’s Drug Store
228,000
 
0
 
228,000
Shasta Crossroads, Churn Creek Rd. at Dana Dr., Redding
 
Food Maxx +, Target (O.B.O.), Sport Authority (O.B.O.), Ashley Furniture (O.B.O.)
121,000
 
131,000
 
252,000
Ralphs Redondo, Hawthorne Blvd. at 182nd St., Redondo Beach
 
Ralphs +
67,000
 
0
 
67,000
Arcade Square, Watt Ave. at Whitney Ave., Sacramento
 
Grocery Outlet +, Hollywood Video
76,000
 
0
 
76,000
Discovery Plaza, W. El Camino Ave. at Truxel Rd., Sacramento
 
Bel Air Market +, Blockbuster
93,000
 
0
 
93,000
Summerhill Plaza, Antelope Rd. at Lichen Dr., Sacramento
 
Raley’s +, Blockbuster
134,000
 
0
 
134,000
Valley, Franklin Boulevard and Mack Road, Sacramento
 
Rayley's +, Hollywood Video (O.B.O.)
98,000
 
5,000
 
103,000
Silver Creek Plaza, E. Capital Expressway at Silver Creek Blvd., San Jose
 
Safeway +, Walgreen’s, Orchard Supply (O.B.O.)
131,000
 
65,000
 
196,000
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
151,000
 
87,000
 
238,000
Rancho San Marcos Village, San Marcos Blvd. at Rancho Santa Fe Rd., San Marcos
 
Von’s + , 24 Hour Fitness
121,000
 
0
 
121,000
San Marcos Plaza, San Marcos Blvd. at Rancho Santa Fe Rd., San Marcos
 
Albertsons + (O.B.O.), Blockbuster
36,000
 
45,000
 
81,000
Stony Point Plaza, Stony Point Rd. at Hwy. 12, Santa Rosa
 
Food Maxx +, Hollywood Video
199,000
 
0
 
199,000
Sunset Center, Sunset Ave. at State Hwy. 12, Suisun City
 
Albertsons +, Rite Aid
85,000
 
0
 
85,000
Creekside Center, Alamo Dr. at Nut Creek Rd., Vacaville
 
Raley’s +, Blockbuster
116,000
 
0
 
116,000
Westminster Center, Westminster Blvd. at Golden West St., Westminster
 
Albertsons +, Home Depot, Edward’s Cinema, Rite Aid, Petco
411,000
 
0
 
411,000
               
Louisiana, Total 
   
1,792,000
 
1,266,000
 
3,058,000
Seigen Plaza, Siegen Lane at Honore Lane, Baton Rouge
 
Super Target + (O.B.O.), Ross Dress for Less, Conn’s, Petco
155,000
 
194,000
 
349,000
Park Terrace, U.S. Hwy. 171 at Parish, DeRidder
 
Stage, JC Penney
137,000
 
0
 
137,000
Town & Country Plaza, U.S. Hwy. 190 West, Hammond
 
Winn Dixie +, Office Depot, CVS/pharmacy, Goody’s
227,000
 
0
 
227,000
Manhattan Place, Manhattan Blvd. at Gretna Blvd., Harvey
 
Target (O.B.O.), Ross Dress for Less, Stage, K&G Fashion
133,000
 
125,000
 
258,000

Page 22

 

Weingarten Realty Investors
Property Listing at September 30, 2006
               
               
     
Gross Leasable Area
     
WRI
 
Others
 
 
Center and Location
 
Anchors
Owned
 
(O.B.O.)
 
Total
               
Louisiana Continued
             
Ambassador Plaza, Ambassador Caffery at W. Congress, Lafayette
 
Albertsons + (O.B.O.), Blockbuster
29,000
 
73,000
 
102,000
River Marketplace, Ambassador Caffery at Kaliste Saloom, Lafayette (20%)
 
Ross Dress for Less, Stage, Cost Plus, Super Target + (O.B.O.), Books A Million
34,000
* !
309,000
 
343,000
Westwood Village, W. Congress at Bertrand, Lafayette
 
Stage, Graham Central Station, Blockbuster
141,000
 
0
 
141,000
Conn's Building, Ryan at 17th St., Lake Charles
 
Planet Pets
23,000
 
0
 
23,000
14/Park Plaza, Hwy. 14 at General Doolittle, Lake Charles
 
Kroger +, Stage, Conn’s
207,000
 
0
 
207,000
K-Mart Plaza, Ryan St., Lake Charles
 
Albertsons +, Kmart, Stage
105,000
* !
105,000
 
210,000
Prien Lake Plaza, Prien Lake Rd. at Nelson Rd., Lake Charles
 
Target (O.B.O.), Marshall’s, Ross Dress for Less, Bed Bath & Beyond
127,000
 
125,000
 
252,000
Southgate, Ryan at Eddy, Lake Charles
 
Market Basket +, Office Depot, Books A Million
171,000
 
0
 
171,000
Orleans Station, Paris, Robert E. Lee at Chatham, New Orleans
   
5,000
 
0
 
5,000
Danville Plaza, Louisville at 19th, Monroe
 
County Market +, Citi Trends, Surplus Warehouse
144,000
 
0
 
144,000
University Place, 70th St. at Youree Dr., Shreveport (20%)
 
Super Target + (O.B.O.), Best Buy, T.J. Maxx, CVS/pharmacy, Bed Bath & Beyond
41,000
* !
335,000
 
376,000
Westwood, Jewella at Greenwood, Shreveport
 
Super 1 Grocery +, Citi Trends
113,000
 
0
 
113,000
               
Nevada, Total 
   
2,413,000
 
748,000
 
3,161,000
Eastern Horizon, Eastern Ave. at Horizon Ridge Pkwy., Henderson
 
Kmart + (O.B.O.)
67,000
 
144,000
 
211,000
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, Copeland Sports
437,000
 
0
 
437,000
Francisco Centre, E. Desert Inn Rd. at S. Eastern Ave., Las Vegas
 
Ross Dress for Less (O.B.O.), Sav-On Drug, La Bonita Grocery
116,000
 
32,000
 
148,000
Mission Center, Flamingo Rd. at Maryland Pkwy, Las Vegas
 
Sav-On Drug (O.B.O.), Albertsons + (O.B.O.), Toys “R” Us, T.J. Maxx
152,000
 
56,000
 
208,000
Paradise Marketplace, Flamingo Rd. at Sandhill, Las Vegas
 
Smith’s Food +, Dollar Tree
149,000
 
0
 
149,000
Rainbow Plaza, Rainbow Blvd. at Charleston Blvd., Las Vegas
 
Albertsons +, JC Penney, Ultimate Electronics, Home Depot, 24 Hour Fitness
410,000
 
0
 
410,000
Rancho Towne & Country, Rainbow Blvd. at Charleston Blvd., Las Vegas
 
Smith’s Food +
87,000
 
0
 
87,000
Tropicana Beltway, Tropicana Beltway at Fort Apache Rd., Las Vegas
 
Lowe’s (O.B.O.), Wal-Mart Supercenter + (O.B.O.), PetsMart, Office Depot, Ross Dress for Less, 99 Cent Only, Sports Authority, Pier 1 Imports
122,000
* !
516,000
 
638,000
Tropicana Marketplace, Tropicana at Jones Blvd., Las Vegas
 
Smith’s Food +, Family Dollar
143,000
 
0
 
143,000
Westland Fair North, Charleston Blvd. At Decatur Blvd., Las Vegas
 
Wal-Mart Supercenter +, Lowe’s, PetsMart, Office Depot, Michaels
566,000
 
0
 
566,000
College Park S.C., E. Lake Mead Blvd. at Civic Ctr. Dr., North Las Vegas
 
Albertsons +, Sav-On Drug
164,000
 
0
 
164,000
               
North Carolina, Total 
   
2,397,000
 
654,000
 
3,051,000
Capital Square, Capital Blvd. at Huntleigh Dr., Cary
 
Food Lion +
157,000
 
0
 
157,000
Harrison Pointe, Harrison Ave. at Maynard Rd., Cary
 
Harris Teeter +, Staples
124,000
 
0
 
124,000
High House Crossing, NC Hwy 55 at Green Level W. Rd., Cary
 
Harris Teeter +
90,000
 
0
 
90,000
Northwoods Market, Maynard Rd. at Harrison Ave., Cary
 
Food Lion +
78,000
 
0
 
78,000
Parkway Pointe, Cory Parkway at S. R. 1011, Cary
 
Food Lion +, Eckerd’s
80,000
 
0
 
80,000
Chatham Crossing, US 15/501 at Plaza Dr., Chapel Hill (25%)
 
Lowes Food +, CVS/Pharmacy
24,000
* !
72,000
 
96,000
Johnston Road Plaza, Johnston Rd. at McMullen Creek Pkwy., Charlotte
 
Food Lion+
80,000
 
0
 
80,000
Steele Creek Crossing, York Rd. at Steele Creek Rd., Charlotte
 
BI-LO +, Eckerd’s
77,000
 
0
 
77,000
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.)
33,000
 
403,000
 
436,000
Bull City Market, Broad St. at West Main St., Durham
 
Whole Foods Market +
43,000
 
0
 
43,000
Durham Festival, Hillsborough Rd. at LaSalle St., Durham
 
Kroger +
134,000
 
0
 
134,000
Mineral Springs Village, Mineral Springs Rd. at Wake Forest Rd., Durham
 
Food Lion +, Eckerd’s
58,000
 
0
 
58,000
Ravenstone Commons, Hwy 98 at Sherron Rd., Durham
 
Food Lion +, Blockbuster
60,000
 
0
 
60,000
Waterford Village, US Hwy 17 & US Hwy 74/76, Leland (75%)
 
Harris Teeter +
0
# *
0
 
0
Pinecrest Plaza, Hwy. 15-501 at Morganton Rd., Pinehurst
 
Food Lion +, Michael’s, Goody’s, Belk’s
250,000
 
0
 
250,000
Avent Ferry, Avent Ferry Rd. at Gorman St., Raleigh
 
Food Lion +
117,000
 
0
 
117,000
Falls Pointe, Neuce Rd. at Durant Rd., Raleigh
 
Harris Teeter +, Kohl’s (O.B.O.)
103,000
 
86,000
 
189,000
Leesville Town Centre, Leesville Rd. at Leesville Church Rd., Raleigh
 
Harris Teeter +
114,000
 
0
 
114,000
Lynnwood Collection, Creedmoor Rd at Lynn Road, Raleigh
 
Kroger +
86,000
 
0
 
86,000
Six Forks Station, Six Forks Rd. at Strickland Rd., Raleigh
 
Kmart, Home Depot, Food Lion +, Bed Bath & Beyond
468,000
 
0
 
468,000

Page 23

 

Weingarten Realty Investors
Property Listing at September 30, 2006
               
               
     
Gross Leasable Area
     
WRI
 
Others
 
 
Center and Location
 
Anchors
Owned
 
(O.B.O.)
 
Total
               
North Carolina Continued
             
Little Brier Creek, Little Brier Creek Lane and Brier Leaf Lane, Raliegh
   
17,000
 
46,000
 
63,000
Stonehenge Market, Creedmoor Rd. at Bridgeport Dr., Raleigh
 
Harris Teeter +, SteinMart, Eckerd’s
188,000
 
0
 
188,000
Heritage Station, Forestville Rd. at Rogers Rd., Wake Forest (25%)
 
Harris Teeter +
16,000
* !
47,000
 
63,000
The Shoppes at Caveness Farms, Capitol Boulevard and Caveness Farms Avenue, Wake Forest
   
0
#
0
 
0
               
Arizona, Total 
   
1,305,000
 
827,000
 
2,132,000
Palmilla Center, Dysart Rd. at McDowell Rd., Avondale
 
Office Max, PetsMart, Dollar Tree, Fry’s Supermarket + (O.B.O.)
104,000
 
66,000
 
170,000
Raintree Ranch, Ray Road at Price Road, Chandler
 
Whole Foods
0
#
60,000
 
60,000
University Plaza, Plaza Way at Milton Rd., Flagstaff
 
PetsMart, Safeway +, Ross Dress for Less, Bed Bath & Beyond
162,000
 
0
 
162,000
Val Vista Towne Center, Warner at Val Vista Rd., Gilbert
 
Target (O.B.O.), Staples, Ross Dress for Less, Petco
93,000
 
123,000
 
216,000
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.)
30,000
 
147,000
 
177,000
Fry's Ellsworth Plaza, Broadway Rd. at Ellsworth Rd., Mesa
 
Fry’s Supermarket + (O.B.O.)
9,000
 
65,000
 
74,000
Monte Vista Village Center, Baseline Rd. at Ellsworth Rd., Mesa
 
Safeway + (O.B.O.)
46,000
 
58,000
 
104,000
Red Mountain Gateway, Power Rd. at McKellips Rd., Mesa
 
Target (O.B.O.), Bed Bath & Beyond, Famous Footwear
70,000
 
136,000
 
206,000
Camelback Village Square, Camelback at 7th Avenue, Phoenix
 
Fry’s Supermarket +, Target (O.B.O.), Office Max
135,000
 
100,000
 
235,000
Laveen Village Market, Baseline Rd. at 51st St., Phoenix
 
Fry’s Supermarket + (O.B.O.)
36,000
 
72,000
 
108,000
Rancho Encanto, 35th Avenue at Greenway Rd., Phoenix
 
Blockbuster
74,000
 
0
 
74,000
Squaw Peak Plaza, 16th Street at Glendale Ave., Phoenix
 
Blockbuster
61,000
 
0
 
61,000
Fountain Plaza, 77th St. at McDowell, Scottsdale
 
Fry’s Supermarket +, Dollar Tree
105,000
 
0
 
105,000
Fry's Valley Plaza, S. McClintock at E. Southern, Tempe
 
Basha’s +
145,000
 
0
 
145,000
Broadway Marketplace, Broadway at Rural, Tempe
 
Office Max, Ace Hardware
83,000
 
0
 
83,000
Pueblo Anozira, McClintock Dr. at Guadalupe Rd., Tempe
 
Fry’s Food & Drug +, Petco, Dollar Tree
152,000
 
0
 
152,000
               
New Mexico, Total 
   
1,182,000
 
397,000
 
1,579,000
Eastdale, Candelaria Rd. at Eubank Blvd., Albuquerque
 
Albertsons +, Family Dollar
118,000
 
0
 
118,000
North Towne Plaza, Academy Rd. at Wyoming Blvd., Albuquerque
 
Whole Foods Market +, Borders
103,000
 
0
 
103,000
Pavillions at San Mateo, I-40 at San Mateo, Albuquerque
 
Comp USA, Old Navy, Shoe Show, Circuit City, Linens ‘N Things
196,000
 
0
 
196,000
Plaza at Cottonwood, Coors Bypass Blvd. at Seven Bar Loop Rd., Albuquerque
 
Staples, PetsMart, Wal-Mart Supercenter +(O.B.O.), Home Depot (O.B.O.)
84,000
 
334,000
 
418,000
Valle del Sol, Isleta Blvd. at Rio Bravo, Albuquerque
 
Albertsons +, Walgreen’s
106,000
 
0
 
106,000
Wyoming Mall, Academy Rd. at Northeastern, Albuquerque
 
John Brooks Grocery +
326,000
 
0
 
326,000
De Vargas, N. Guadalupe at Paseo de Peralta, Santa Fe
 
Albertsons + (O.B.O.), Osco Drugs, Ross Dress for Less, Office Depot, Hastings, United Artists
249,000
 
63,000
 
312,000
               
Colorado, Total 
   
1,212,000
 
1,622,000
 
2,834,000
Aurora City Place, E. Alameda at I225, Aurora
 
PetsMart, Sportsman Warehouse, Linens ‘N Things, Barnes & Noble, Comp USA, Ross Dress For Less, Super Target + (O.B.O.), Pier 1
173,000
*
355,000
 
528,000
Bridges at Smoky Hill, Smoky Hill Rd. at S. Picadilly St., Aurora
 
Rite Aid (O.B.O.)
10,000
*
49,000
 
59,000
Buckingham Square, Mississippi at Havana, Aurora (25%)
 
Vacant
0
* ! #
0
 
0
Academy Place, Academy Blvd. at Union Blvd., Colorado Springs
 
Safeway + (O.B.O.), Ross Dress For Less (O.B.O.), Target (O.B.O.)
84,000
 
177,000
 
261,000
Carefree, Academy Blvd. at N. Carefree Circle, Colorado Springs
 
Safeway +
127,000
 
0
 
127,000
Uintah Gardens, NEC 19th St. at West Uintah, Colorado Springs
 
King Sooper’s, Walgreens
212,000
 
0
 
212,000
Green Valley Ranch Towne Center, Tower Rd. at 48th Ave., Denver (37%)
 
King Sooper’s + (O.B.O.)
17,000
* !
87,000
 
104,000
Lowry Town Center, 2nd Ave. at Lowry Ave., Denver
 
Albertsons + (O.B.O.)
39,000
*
92,000
 
131,000
Gold Creek, Hwy. 86 at Elizabeth St., Elizabeth
 
Safeway + (O.B.O.)
13,000
*
67,000
 
80,000
CityCenter Englewood, S. Santa Fe at Hampden Ave., Englewood
 
Wal-Mart (O.B.O.), Ross Dress for Less, Gart Sports, Office Depot, Bally Total Fitness, Petco
217,000
 
90,000
 
307,000
Glenwood Meadows, Midland Ave. at W. Meadows, Glenwood Springs (41%)
 
Target (O.B.O.), Pier 1, Gart Sports, Bed Bath & Beyond, Petco, Lowe's
92,000
* !
258,000
 
350,000
Highlands Ranch University Park, Highlands Ranch at University Blvd., Highlands Ranch (40%)
 
Whole Foods Market +
35,000
* !
53,000
 
88,000
Crossing at Stonegate, Jordon Rd. at Lincoln Ave., Parker (38%)
 
King Sooper’s +
41,000
* !
68,000
 
109,000

Page 24

 

Weingarten Realty Investors
Property Listing at September 30, 2006
               
               
     
Gross Leasable Area
     
WRI
 
Others
 
 
Center and Location
 
Anchors
Owned
 
(O.B.O.)
 
Total
               
Colorado Continued
             
Thorncreek Crossing, Washington St. at 120th St., Thornton
 
Target (O.B.O.), Barnes & Noble, Office Max, Michael’s, Pier 1, Cost Plus, Linens ‘N Things
106,000
*
280,000
 
386,000
Westminster Plaza, North Federal Blvd. at 72nd Ave., Westminster
 
Safeway +
46,000
*
46,000
 
92,000
               
Kansas, Total 
   
251,000
 
0
 
251,000
Shawnee Village, Shawnee Mission Pkwy. at Quivera Rd., Shawnee
 
Burlington Coat Factory
135,000
 
0
 
135,000
Kohl's, Wanamaker Rd. at S.W. 17th St., Topeka
 
Barnes & Noble, Kohl’s Department Store
116,000
 
0
 
116,000
               
Oklahoma, Total 
   
174,000
 
0
 
174,000
Market Boulevard , E. Reno Ave. at N. Douglas Ave., Midwest City
 
Colortyme
36,000
 
0
 
36,000
Town and Country, Reno Ave at North Air Depot, Midwest City
 
Office Depot, Big Lots, Westlake Hardware
138,000
 
0
 
138,000
               
Arkansas, Total 
   
355,000
 
0
 
355,000
Markham Square, W. Markham at John Barrow, Little Rock
 
Burlington Coat Factory
127,000
 
0
 
127,000
Markham West, 11400 W. Markham, Little Rock
 
Office Depot, Michael’s, Academy, Bassett Furniture, Dollar Tree
178,000
 
0
 
178,000
Westgate, Cantrell at Bryant, Little Rock
 
SteinMart
50,000
 
0
 
50,000
               
Tennessee, Total 
   
656,000
 
0
 
656,000
Bartlett Towne Center, Bartlett Blvd. at Stage Rd., Bartlett
 
Kroger +, Petco, Dollar Tree, Shoe Carnival
179,000
 
0
 
179,000
Mendenhall Commons, South Mendenahall Rd. and Sanderlin Avenue, Memphis
 
Kroger+
80,000
 
0
 
80,000
Commons at Dexter Lake, Dexter at N. Germantown, Memphis
 
Kroger +, SteinMart, Marshall’s, Samuel's Furniture and Interior
229,000
 
0
 
229,000
Highland Square, Summer at Highland, Memphis
 
Walgreen’s
14,000
 
0
 
14,000
Summer Center, Summer Ave. at Waring Rd., Memphis
 
Kroger +, Ross Dress for Less
154,000
 
0
 
154,000
               
Missouri, Total 
   
231,000
 
28,000
 
259,000
Ballwin Plaza, Manchester Rd. at Vlasis Dr., Ballwin
 
Schnucks, Michael’s, Sears
203,000
 
0
 
203,000
Western Plaza, Hwy 141 at Hwy 30, Fenton
 
Big Lots
28,000
* !
28,000
 
56,000
               
Georgia, Total 
   
1,451,000
 
716,000
 
2,167,000
Lakeside Marketplace, Cobb Parkway (US Hwy 41), Acworth
 
Ross Dress for Less, Circuit City, Petco, Office Max, Books A Million, Target (O.B.O)
148,000
 
174,000 
 
322,000
Camp Creek Marketplace II, Camp Creek Parkway and Carmla Drive, Atlanta
 
DSW, American Signature, Circuit City
196,000
 
0
 
196,000
Publix at Princeton Lakes, Carmia Drive and Camp Creek Drive, Atlanta
 
Publix, Hollywood Video
68,000
 
0
 
68,000
Brookwood Square, East-West Connector at Austell Rd., Austell
 
Marshall’s, Staples, Home Depot
253,000
 
0
 
253,000
Dallas Commons, US Highway 278 and Nathan Dean Boulevard, Dallas
 
Kroger (O.B.O.)
25,000
 
70,000
 
95,000
Reynolds Crossing, Steve Reynolds and Old North Cross Rd., Duluth
 
Kroger (O.B.O.)
46,000
 
70,000
 
116,000
Thompson Bridge Commons, Thompson Bridge Rd. at Mt. Vernon Rd., Gainesville
 
Kroger +
78,000
 
0
 
78,000
Grayson Commons, Grayson Hwy at Rosebud Rd., Grayson
 
Kroger +
77,000
 
0
 
77,000
Village Shoppes of Sugarloaf, Sugarloaf Pkwy at Five Forks Trickum Rd., Lawrenceville
 
Publix +
148,000
 
0
 
148,000
Sandy Plains Exchange, Sandy Plains at Scufflegrit, Marietta
 
Publix +
73,000
 
0
 
73,000
Brownsville Commons, Brownsville Road and Hiram-Lithia Springs Road, Powder Springs
 
Kroger (O.B.O.)
28,000
 
54,000
 
82,000
Roswell Corners, Woodstock Rd. at Hardscrabble Rd., Roswell
 
Staples, T.J. Maxx, Super Target + (O.B.O.)
145,000
 
174,000
 
319,000
Brookwood Marketplace, Peachtree Parkway at Mathis Airport Rd., Suwannee
 
Office Max, Home Depot, Target (O.B.O)
166,000
 
174,000 
 
340,000
               
Utah, Total 
   
292,000
 
341,000
 
633,000
Alpine Valley Center, Main St. at State St., American Fork (33%)
 
Target (O.B.O.), Old Navy, Pier 1, Dollar Tree, Office Depot
22,000
* !
178,000
 
200,000
Taylorsville Town Center, West 4700 South at Redwood Rd., Taylorsville
 
Albertsons + (O.B.O.),Rite Aid
94,000
 
40,000
 
134,000
West Jordan Town Center, West 7000 South at S. Redwood Rd., West Jordan
 
Albertsons + , Office Depot, Target (O.B.O.), Petco, Party City
176,000
 
123,000
 
299,000
               
Illinois, Total 
   
273,000
 
121,000
 
394,000
Lincoln Place, Hwy. 59, Fairview Heights
 
Lowe’s (O.B.O.), Kohl’s Department Store
103,000
 
121,000
 
224,000
Lincoln Place II, Route 159 at Hwy. 50, Fairview Heights
 
Office Depot, Marshall’s, Old Navy, Linens ‘N Things, Ultimate Electronics
170,000
 
0
 
170,000

Page 25

 

Weingarten Realty Investors
Property Listing at September 30, 2006
               
               
     
Gross Leasable Area
     
WRI
 
Others
 
 
Center and Location
 
Anchors
Owned
 
(O.B.O.)
 
Total
               
               
Maine, Total 
   
154,000
 
51,000
 
205,000
The Promenade, Essex at Summit, Lewiston (75%)
 
Staples, Flagship Cinemas
154,000
*
51,000
 
205,000
               
Kentucky, Total
   
607,000
 
76,000
 
683,000
Millpond Center, Boston at Man O’War, Lexington
 
Kroger +
117,000
 
27,000
 
144,000
Tates Creek, Tates Creek at Man O’ War, Lexington
 
Kroger +, Rite Aid , Do It Best Hardware
185,000
 
0
 
185,000
Regency Shopping Centre, Nicholasville Rd.& West Lowry Lane, Lexington
 
Kroger+, T.J. Maxx, Michaels
136,000
 
0
 
136,000
Festival at Jefferson Court, Outer Loop at Jefferson Blvd., Louisville
 
Kroger +, PetsMart (O.B.O.), Factory Card Outlet, Sofa Express, AJ Wright (O.B.O.)
169,000
 
49,000
 
218,000
               
Washington, Total
   
5,000
 
138,000
 
143,000
Village at Liberty Lake, E. Country Vista Dr. at N. Liberty Rd., Liberty Lake
 
Home Depot (O.B.O)
5,000
* !
138,000
 
143,000
               
South Carolina, Total
   
22,000
 
65,000
 
87,000
Fresh Market Shoppes, 890 William Hilton Head Pkwy, Hilton Head (25%)
 
The Fresh Market +
22,000
* !
65,000
 
87,000
               
               
INDUSTRIAL
             
               
Houston and Harris County, Total 
   
3,186,000
 
1,916,000
 
5,102,000
Beltway 8 Business Park, Beltway 8 at Petersham Dr.
 
Terminix, Carrier
158,000
 
0
 
158,000
Blankenship Building, Kempwood Drive
 
Classic Printers
59,000
 
0
 
59,000
Brookhollow Business Center, Dacoma at Directors Row
 
Bristol Babcock, Harris County Appraisal District, Surgeon's Management
133,000
 
0
 
133,000
Central Park Northwest VI, Central Pkwy. at Dacoma
 
Houston Metallurgical Lab, Inc.
175,000
 
0
 
175,000
Central Park Northwest VII, Central Pkwy. at Dacoma
 
Lucent Technologies, Inc.
103,000
 
0
 
103,000
Claywood Industrial Park, Clay at Hollister
 
Academy, Ltd.
330,000
 
0
 
330,000
Crosspoint Warehouse, Crosspoint
 
Foam Enterprises, LLC.
73,000
 
0
 
73,000
Jester Plaza Office Service Center, West T.C. Jester
 
Corporate Care of Houston, Milwaukee Electric Tool Corporation
101,000
 
0
 
101,000
Kempwood Industrial, Kempwood Dr. at Blankenship Dr.
 
Pioneer Contract Services
113,000
 
0
 
113,000
Kempwood Industrial, Kempwood Dr. at Blankenship Dr. (20%)
 
Pioneer Contract Services, Veritas
41,000
* !
166,000
 
207,000
Lathrop Warehouse, Lathrop St. at Larimer St. (20%)
 
United D.C., Inc.
51,000
* !
202,000
 
253,000
Navigation Business Park, Navigation at N. York (20%)
 
Packwell Inc.
48,000
* !
190,000
 
238,000
Northway Park II, Loop 610 East at Homestead (20%)
 
Jet Lube, Inc.
61,000
* !
243,000
 
304,000
Railwood F, Market at U.S. 90 (20%)
 
Shell Oil Company
60,000
* !
240,000
 
300,000
Railwood Industrial Park, Mesa at U.S. 90
 
Distribution International, Global Stainless Supply, Inc., Houston Central Industries, Inc., USF Distribution, Smart Transportation Services
616,000
 
0
 
616,000
Railwood Industrial Park, Mesa at U.S. 90 (20%)
 
Jacobson Warehouse Compay
100,000
* !
398,000
 
498,000
South Loop Business Park, S. Loop at Long Dr. (50%)
 
Plastic Plus Awards, Lumber Liquidators
46,000
* !
46,000
 
92,000
Southport Business Park 5, South Loop 610
 
International Surface Preparation Group, Inc.
161,000
 
0
 
161,000
Southwest Park II Service Center, Rockley Road
 
Bioassay Laboratory, Inc.
68,000
 
0
 
68,000
Stonecrest Business Center, Wilcrest at Fallstone
 
Rentokil, Inc.
111,000
 
0
 
111,000
West-10 Business Center, Wirt Rd. at I-10
 
Aaron’s Office Furniture
129,000
 
0
 
129,000
West 10 Business Center II, Wirt Rd. at I-10
 
Summers Group, Inc.
83,000
 
0
 
83,000
Westgate Service Center, Park Row Drive at Whiteback Dr.
 
Clarion Publishing, Solartron
119,000
 
0
 
119,000
West Loop Commerce Center, W. Loop N. at I-10
 
Inter-Tel Technologies
34,000
 
0
 
34,000
610 and 11th St. Warehouse, Loop 610 at 11th St.
 
Prefco Corp.
105,000
 
0
 
105,000
610 and 11th St. Warehouse, Loop 610 at 11th St. (20%)
 
Iron Mountain, Stone Container
49,000
* !
195,000
 
244,000
610/288 Business Park , Cannon Street (20%)
 
Houston Distribution Services
59,000
* !
236,000
 
295,000
               
Texas (excluding Houston & Harris Co.), Total 
   
3,575,000
 
0
 
3,575,000
Randol Mill Place, Randol Mill Road, Arlington
 
American Institute of Intradermal Cosmetics, Dental Equipment & Supply
55,000
 
0
 
55,000
Braker 2 Business Center, Kramer Ln. at Metric Blvd., Austin
 
Digital Transaction Group, Inc.
27,000
 
0
 
27,000
Corporate Center Park I and II, Putnam Dr. at Research Blvd., Austin
 
Phoenix - Lamar Corp, Apria Healthcare, Inc.
117,000
 
0
 
117,000
Oak Hills Industrial Park, Industrial Oaks Blvd., Austin
 
Terracon, Inc., Nanocoolers, Inc.
90,000
 
0
 
90,000
Rutland 10 Business Center, Metric Blvd. At Centimeter Circle, Austin
 
Minimax, Media Event Concepts, Inc.
54,000
 
0
 
54,000
Southpark A,B,C, East St. Elmo Rd. at Woodward St., Austin
 
HJV Associates, Inc.
78,000
 
0
 
78,000
Southpoint Service Center, Burleson at Promontory Point Dr., Austin
 
K & S Interconnect
54,000
 
0
 
54,000
Wells Branch Corporate Center, Wells Branch Pkwy., Austin
 
RDA Promart
59,000
 
0
 
59,000

Page 26

 

Weingarten Realty Investors
Property Listing at September 30, 2006
               
               
     
Gross Leasable Area
     
WRI
 
Others
 
 
Center and Location
 
Anchors
Owned
 
(O.B.O.)
 
Total
               
Texas (excluding Houston & Harris Co.) Continued
             
1625 Diplomat Drive, SWC Diplomat Dr. at McDaniel Dr., Carrollton
 
Rooftop Systems, Inc.
106,000
 
0
 
106,000
Midway Business Center, Midway at Boyington, Carrollton
 
ProSource, Luxury of Leather, Hale Engineering
141,000
 
0
 
141,000
Manana Office Center, I-35 at Manana, Dallas
 
Omega Environmental Technologies, Dave & Busters, B&B Graphics Finishing Services
223,000
 
0
 
223,000
Newkirk Service Center, Newkirk near N.W. Hwy., Dallas
 
Tri-Ed Distribution, Inc., AWC
106,000
 
0
 
106,000
Northaven Business Center, Northaven Rd., Dallas
 
Dillon Gage, Quality Conservation
151,000
 
0
 
151,000
Northeast Crossing Office/Service Center, East N.W. Hwy. at Shiloh, Dallas
 
Capital Title
79,000
 
0
 
79,000
Northwest Crossing Office/Service Center, N.W. Hwy. at Walton Walker, Dallas
 
Corvette World
127,000
 
0
 
127,000
Redbird Distribution Center, Joseph Hardin Drive, Dallas
 
Reid Plastics, Inc. Texwood Industries, L.P.
111,000
 
0
 
111,000
Regal Distribution Center, Leston Avenue, Dallas
 
Document Management Systems, BKM Total Office of Texas, L.P., Global Furniture
203,000
 
0
 
203,000
Space Center Industrial Park, Pulaski St. at Irving Blvd., Dallas
 
Weir’s Furniture Village, Furniture Marketing Group
265,000
 
0
 
265,000
McGraw Hill Distribution Center, 420 E. Danieldale Rd, DeSoto
 
McGraw Hill
418,000
 
0
 
418,000
Central Plano Business Park, Klein Rd. at Plano Pkwy., Plano
 
Via Viente, Minarik Corp.
138,000
 
0
 
138,000
Jupiter Service Center, Jupiter near Plano Pkwy., Plano
 
Interceramic Tile, Germaire Distributors
78,000
 
0
 
78,000
Sherman Plaza Business Park, Sherman at Phillips, Richardson
 
Leggett & Platt, Inc., The Volkswagen Store
101,000
 
0
 
101,000
Interwest Business Park, Alamo Downs Parkway, San Antonio
 
All-American Sports
218,000
 
0
 
218,000
Isom Business Park, 919-981 Isom Road, San Antonio
 
Fidelity Output Solutions, Wells Fargo Bank
175,000
 
0
 
175,000
O'Connor Road Business Park, O’Connor Road, San Antonio
 
Ingersoll Rand
150,000
 
0
 
150,000
Freeport Business Center, 13215 N. Promenade Blvd., Stafford
 
Fairfield Industries, Applera Corporation, Gurtwitch Products
251,000
 
0
 
251,000
               
Georgia, Total 
   
956,000
 
612,000
 
1,568,000
Atlanta Industrial Park II & VI, Atlanta Industrial Pkwy. at Atlanta Industrial Dr., Atlanta
 
Target Container Co., Sanderson Industries, Inc.
552,000
 
0
 
552,000
Sears Logistics, 3700 Southside Industrial Way, Atlanta (20%)
 
Sears Logistics Services, Inc.
81,000
* !
322,000
 
403,000
Southside Industrial Parkway, Southside Industrial Pkwy at Jonesboro Rd., Atlanta
 
Lowe Supply, Inc., Mission Produce, Masco Contractor Services
72,000
 
0
 
72,000
Kennesaw 75, 3850-3900 Kennesaw Prkwy, Kennesaw
 
American Hotel Register Co., Clorox Services Company
178,000
 
0
 
178,000
6485 Crescent Drive, I-85 at Jimmy Carter Blvd., Norcross (20%)
 
Zurn, Pax Industries, Inc.
73,000
* !
290,000
 
363,000
               
Tennessee, Total 
   
816,000
 
457,000
 
1,273,000
Crowfarn Drive Warehouse, Crowfarn Dr. at Getwell Rd., Memphis (20%)
 
Integris Metals
32,000
* !
129,000
 
161,000
Outland Business Center, Outland Center Dr., Memphis (20%)
 
Vistar Corporation, TricorBraun, KMN Modern Farm Equipment, Inc., Quest Communications Corporation
82,000
* !
328,000
 
410,000
Southpoint I & II, Pleasant Hill Rd. at Shelby Dr., Memphis
 
AF Services, Sunnywood Products, Inc., Constar
571,000
 
0
 
571,000
Thomas Street Warehouse, N. Thomas Street, Memphis
 
Vacant
131,000
 
0
 
131,000
               
Florida, Total 
   
1,272,000
 
0
 
1,272,000
Lakeland Industrial Center, I-4 at County Rd., Lakeland
 
Rooms to Go, Amware Pallet Services, Publix
600,000
 
0
 
600,000
1801 Massaro, 1801 Massaro Blvd., Tampa
 
MiTek Industries, Inc., Parksite, Inc.
159,000
 
0
 
159,000
Tampa East Industrial Portfolio, 1841 Massaro Blvd., Tampa
 
General Electric, Hughes Supply, Interline Brands, GE Polymershapes
513,000
 
0
 
513,000
               
California, Total 
   
462,000
 
581,000
 
1,043,000
1725 Dornoch, Donroch Court, San Diego
 
Vacant
112,000
 
0
 
112,000
1855 Dornoch, Donroch Court, San Diego
 
Vacant
205,000
 
0
 
205,000
Siempre Viva Business Park, Siempre Viva Rd. at Kerns St., San Diego (20%)
 
Hitachi Transport, UPS Supply Chain Solutions, Inc., Bose Corp., New Wave Logistics (USA) Inc.
145,000
* !
581,000
 
726,000

Page 27

 

Weingarten Realty Investors
Property Listing at September 30, 2006
               
               
     
Gross Leasable Area
     
WRI
 
Others
 
 
Center and Location
 
Anchors
Owned
 
(O.B.O.)
 
Total
               
UNIMPROVED LAND
             
               
Houston & Harris County, Total 
   
2,402,000
     
2,402,000
Bissonnet at Wilcrest
   
175,000
     
175,000
Citadel Plaza at 610 North Loop
   
137,000
     
137,000
East Orem
   
122,000
     
122,000
Kirkwood at Dashwood Drive
   
322,000
     
322,000
Mesa Road at Tidwell
   
901,000
     
901,000
Northwest Freeway at Gessner
   
422,000
     
422,000
Redman at West Denham
   
17,000
     
17,000
West Little York at Interstate 45
   
161,000
     
161,000
West Loop North at Interstate 10
   
145,000
     
145,000
               
Texas (excluding Houston & Harris Co.), Total 
   
1,121,000
     
1,121,000
River Pointe Drive at Interstate 45, Conroe
   
590,000
     
590,000
NEC of US Hwy 380 & Hwy 75, McKinney
   
87,000
     
87,000
9th Ave. at 25th St., Port Arthur
   
243,000
     
243,000
Highway 3 at Highway 1765, Texas City
   
201,000
     
201,000
               
               
Louisiana, Total 
   
462,000
     
462,000
U.S. Highway 171 at Parish, DeRidder
   
462,000
     
462,000
               
North Carolina, Total
   
1,750,000
     
1,750,000
The Shoppes at Caveness Farms
   
1,750,000
     
1,750,000

Page 28

 

Weingarten Realty Investors
Property Listing at September 30, 2006
               
           
OWNED BY
 
     
NUMBER OF
 
WRI
OTHERS
TOTAL
ALL PROPERTIES-BY LOCATION
   
PROPERTIES
 
OWNED
(O.B.O.)
SQ FTG
               
Grand Total
   
373
 
47,548,000
15,582,000
63,130,000
Texas (excluding Houston & Harris County)
 
93
 
11,102,000
2,332,000
13,434,000
Houston & Harris County
   
77
 
9,232,000
2,760,000
11,992,000
Florida
   
37
 
6,652,000
1,333,000
7,985,000
California
   
29
 
4,018,000
1,038,000
5,056,000
North Carolina
   
24
 
2,397,000
654,000
3,051,000
Louisiana
   
16
 
1,792,000
1,266,000
3,058,000
Arizona
   
16
 
1,305,000
827,000
2,132,000
Colorado
   
15
 
1,212,000
1,622,000
2,834,000
Georgia
   
18
 
2,407,000
1,328,000
3,735,000
Nevada
   
11
 
2,413,000
748,000
3,161,000
Tennessee
   
9
 
1,472,000
457,000
1,929,000
New Mexico
   
7
 
1,182,000
397,000
1,579,000
Oklahoma
   
2
 
174,000
0
174,000
Arkansas
   
3
 
355,000
0
355,000
Utah
   
3
 
292,000
341,000
633,000
Kentucky
   
4
 
607,000
76,000
683,000
Kansas
   
2
 
251,000
0
251,000
Missouri
   
2
 
231,000
28,000
259,000
Illinois
   
2
 
273,000
121,000
394,000
Maine
   
1
 
154,000
51,000
205,000
Washington
   
1
 
5,000
138,000
143,000
South Carolina
   
1
 
22,000
65,000
87,000
               
               
               
ALL PROPERTIES-BY CLASSIFICATION
             
               
Grand Total
   
373
 
47,548,000
15,582,000
63,130,000
Shopping Centers
   
309
 
37,281,000
12,016,000
49,297,000
Industrial
   
64
 
10,267,000
3,566,000
13,833,000
     
 
 
 
 
 
               
               
               
               
               
Notes:
*
Denotes partial ownership. WRI's interest is 50% except where noted. The square feet figures represent WRI's proportionate ownership of the property held by the joint venture or partnership.
               
 
+
Denotes supermarket or discount store offering full service grocery along with general merchandise.
               
 
#
Denotes property under development that does not currently have rental income on-line.
               
 
!
Denotes properties that are not consolidated for SEC reporting purposes.
               
Owned by Others ("O.B.O.") includes buildings owned entirely by another non-WRI legal entity and the proportionate ownership of WRI's partner(s) in various joint ventures and partnerships.
 
Page 29