WEINGARTEN REALTY INVESTORS /TX/ 8-K (Events or Changes Between Quarterly Reports) 2009-02-24

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): February 20, 2009
WEINGARTEN REALTY INVESTORS

(Exact name of Registrant as specified in its Charter)
Texas 1-9876 74-1464203

(State or other jurisdiction of (Commission file number) (I.R.S. Employer
incorporation or organization) Identification Number)
2600 Citadel Plaza Drive, Suite 300, Houston, Texas 77008

(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (713) 866-6000
Not applicable
(Former name or former address, if changed since last report)
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Item 2.02. Results of Operations and Financial Condition.
On February 20, 2009, we issued a press release describing our results of operations for the fourth quarter and full year ended December 31,
2008, as well as providing supplemental financial information pertaining to our operations. A copy of the press release and supplemental
financial information are attached as Exhibit 99.1 and Exhibit 99.2 to this report.
The information, including exhibits hereto, in this Current Report on Form 8-K is being furnished and shall not be deemed "filed" with the
Securities and Exchange Commission and shall not be incorporated by reference into any registration statement or other document pursuant to
the Securities Act of 1933, as amended, except as otherwise expressly stated in such filing.
Item 9.01. Financial Statements and Exhibits.
99.1 Press release dated February 20, 2009, regarding our results of operations for the quarter and full year ended December 31,
2008.
99.2 Supplemental Financial Information.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
Date: February 24, 2009
WEINGARTEN REALTY INVESTORS
By: /s/ Joe D. Shafer

Joe D. Shafer
Vice President/Chief Accounting Officer
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INDEX TO EXHIBITS
99.1 Press release dated February 20, 2009, regarding our results of operations for the quarter and full year ended December 31, 2008.
99.2 Supplemental Financial Information.
EXHIBIT 99.1
WEINGARTEN REALTY
2600 Citadel Plaza Drive
P.O. Box 924133
Houston, Texas 77292-4133
NEWS RELEASE
Information: Kristin Gandy, Director of Investor Relations, Phone: (713) 866-6050
Weingarten Realty Announces Fourth Quarter and

Full Year 2008 Results
Houston, TX, February 20, 2009: Weingarten Realty (NYSE: WRI) announced today the results of its fourth quarter and full year ended
December 31, 2008.
As a result of certain non-recurring, non-cash charges the Company reported a net loss to common shareholders for the quarter ended
December 31, 2008 totaling $9.7 million, or $0.11 per diluted share, compared to net income available to common shareholders of $58.8 million,
or $0.67 per diluted share, for the quarter ended December 31, 2007. Net income available to common shareholders for the year ended
December 31, 2008 totaled $115.1 million, or $1.36 per diluted share, compared to net income available to common stockholders of $217.0
million, or $2.44 per diluted share, for the year ended December 31, 2007. Excluding non-recurring items, net income for the quarter would have
been $0.47 per diluted share for the quarter and $2.03 per diluted share for the year.
Fund from Operations ("FFO"), again considering the non-recurring, non-cash charges for the quarter ended December 31, 2008, totaled $12.5
million, or $0.14 per diluted share compared to $68.3 million, or $0.78 per diluted share for quarter ended December 31, 2007. For the year ended
December 31, 2008, FFO totaled $207.1 million, or $2.44 per diluted share compared to $272.1 million or $3.06 per diluted share in
2007. Excluding non-recurring items discussed below, FFO for the quarter would have been $0.72 per diluted share for the quarter and $3.11
per diluted share for the year.
Net Income and FFO for both the quarter and the year were negatively affected by non-recurring items totaling $0.58 per diluted share for the
quarter and $0.67 per diluted share for the year. The vast majority of these items are non-cash and the details are as follows:
• A non-cash impairment charge in the fourth quarter of $46.1 million, net of taxes, or $0.54 per share, related primarily to land held for
future development.
• Non-cash write-off of predevelopment costs totaling $13.8 million or $0.16 per share for the quarter and $16.8 million or $0.20 per share
for the year.
• Losses on assets held in a grantor trust related to the supplemental executive retirement plan totaling $2.7 million or $0.03 per share
for the quarter and $5.1 million or $0.06 per share for the year. Subsequent to year-end, the investments in the plan were sold, thus
eliminating any future earnings volatility.
• A severance charge related to a workforce reduction of $1.5 million or $0.02 per share for the quarter and $2.4 million or $0.03 per share
for the year offset by a reduction in accruals for incentive compensation of $3.1 million or $0.04 per share for the quarter and $4.2
million or $0.05 per share for the year.
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• As reported in prior quarters, Hurricane Ike costs totaled $0.02 per share for the year and non-cash write-offs of original issuance
costs related to the retirement of the Company’s Preferred G shares also totaled $0.02 per share.
• A gain of $10.7 million or $0.13 per share in the fourth quarter from the early retirement of a portion of the Company's 3.95%
convertible bonds at a discount to par value.
• Gains on the settlement of an interest rate swap agreement of $2.8 million or $0.03 per share in the second quarter of 2008.
A reconciliation schedule of FFO excluding non-recurring items is included with this earnings press release following the financial statements.
The quarter included several highlights, including the following:
• In October the Company issued $100 million of new common equity,

• Received cash of $121.8 million thus far for the ten properties sold in connection with the formation of a joint venture with a
subsidiary of the Hines REIT Properties LP., and
• Stabilized a Super Target anchored new development owned in a 50% joint venture in Florida representing a net investment of
$13 million.
Existing Portfolio
Overall occupancy for the operating portfolio was 92.6% at the end of the fourth quarter of 2008 compared to 94.4% for the fourth quarter in
2007. Occupancy for the retail properties was 93.0% compared to 94.5% in the third quarter of 2008, while industrial occupancy was 91.6%
compared to 91.4% in the previous quarter.
For the full year 2008, the Company completed 1,243 new leases and renewals, totaling 6.3 million square feet. The average rental rate for
leases that commenced in the fourth quarter increased 9.3% on a same space GAAP basis and 6.8% on a cash basis.
Same property net operating income was down 3.5% from the fourth quarter of last year and down 0.4% for the full year 2008 due to increased
bad debt expense and retailer fallouts.
“The forecast for 2009 remains challenging,” states Johnny Hendrix, Executive Vice President of Asset Management. “However, I am
confident that due to the quality of our shopping centers, which are primarily anchored by supermarkets, we will continue to remain
resilient. Our very experienced and focused group of associates are executing the basic fundamentals, like cold calling, leasing space,
collecting rent, and maintaining our centers every day.”
New Development
The Company currently has 25 properties under developments and WRI’s pro-rata share represents an investment of $471 million upon
completion. From this pipeline we are
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projecting that 5 of our 25 projects will be stabilized by the end of 2009, of which one is an industrial project that we feel confident will stabilize
by year end, and four shopping centers that are currently 92% leased including tenant owned square footage. At year end, the leasing level
of the entire development pipeline inclusive of anchor owned parcels projected to stabilize over the next four years stood at 61%. As of the
end of the fourth quarter, WRI had already invested $366 million as its pro-rata share. To complete these projects WRI needs to invest only an
additional $105 million which equates to 78% funded.
“In the fourth quarter, the company completed one significant development,” said Robert Smith, Senior Vice President and Director of New
Development. “Palm Coast Landing at Town Center Phase I a 359,000 square foot power center located in Palm Coast, Florida, is a 50% joint
venture and is anchored by a Super Target, Ross, TJ Maxx, Petsmart, Michaels, and Books a Million. Our investment in this center totaled $13
million, has a yield of 9.7%, and a current occupancy level in excess of 97%.”
“Likewise we were pleased that for the full year, the company stabilized six projects with a total investment of $90 million and returns averaging
9.1%. Although we did not complete any merchant build transactions in the fourth quarter, our merchant build efforts for the year contributed
FFO of $.09 per share after tax,” stated Smith.
The Company achieved completions of $146 million for the year, exceeding guidance of $110 - $130 million. The anticipated range for
completions in 2009 is estimated at $100 – 130 million.
Impairments
Given the current economic environment and, more specifically, the depressed state of commercial real estate, the Company performed a review
of its operating assets, new development properties, land held for future development and its investments in unconsolidated real estate joint
ventures and partnerships for impairment. Based on this analysis, the Company recorded non-cash impairment charges, net of taxes, of $46.1
million or $0.54 per diluted share in the fourth quarter. The impairment charges were almost exclusively on land held for future development.
Additionally, in the fourth quarter the Company wrote off predevelopment costs of new development projects it no longer intends to pursue
totaling $13.8 million or $0.16 per share. For the full year the write-off totaled $16.8 million or $0.20 per share. These charges are also non-cash
in nature. After these charges, the Company has no remaining pursuit costs at risk on its balance sheet.
Portfolio Enhancements
In November the Company entered into a joint venture with a subsidiary of Hines REIT Properties, LP where they would acquire from the
Company a 70% interest in a portfolio of 12 shopping centers. The aggregate transaction price was approximately $271 million. The
transaction closed on multiple dates. To date, the joint venture has closed on ten of the properties for approximately $228 million; the purchase
of the remaining two
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properties will be closed upon finalization of their loan assumptions within the next 30 days. In December this joint venture also completed a
$100 million secured financing on the properties.
"WRI is extremely pleased to become partners with a world-class organization that also has its deep roots in our wonderful headquarters city
of Houston. We believe this transaction will provide stable and growing returns to the joint venture while also meeting our objective of
recycling capital, providing liquidity and building our assets under management," stated Drew Alexander, President and CEO of WRI.
In November the Company closed the disposition of a non-core property in Louisiana for $30 million. Year-to-date, dispositions excluding
sales to joint ventures totaled $144 million, representing ten properties and 1.1 million square feet. These dispositions generated gains on sale
of $69 million. There were no acquisitions in the fourth quarter.
Balance Sheet Strength

In October the Company’s strong balance sheet was further enhanced by the issuance of 3,000,000 common shares of beneficial generating
net proceeds of $98.1 million. The proceeds were used to repay indebtedness outstanding under the Company’s revolving credit facility.
“We are very pleased to have raised additional common equity in this very challenging financial market. This capital further enhances our
liquidity and already strong balance sheet. Debt maturities for 2009 and 2010 are very manageable at $97.0 million and $128 million respectively,
and the Company has investment grade credit ratings from both Standard & Poor’s and Moody’s supported by a fixed charge coverage ratio
of 2.0x. In addition, we currently have $2.7 billion in unencumbered properties that could be mortgaged should we need to raise additional
capital,” stated Steve Richter, Executive Vice President and Chief Financial Officer.
Dividends
The Board of Trust Managers of Weingarten Realty Investors declared a first quarter dividend of $0.525 per share to holders of record as of
March 6, 2009 of its Common Shares of Beneficial Interest. The dividend is to be paid on March 16, 2009.
The Board of Trust Managers also declared dividends on the Company’s preferred shares. Dividends related to the 6.75% Series D Cumulative
Redeemable Preferred Shares (NYSE:WRIPrD) are $0.421875 per share for the quarter. Dividends on the 6.95% Series E Cumulative Redeemable
Preferred Shares (NYSE:WRIPrE) are $0.434375 per share for the same period. Dividends on the 6.50% Series F Cumulative Redeemable
Preferred Shares (NYSE:WRIPrF) are $0.40625 per share. All preferred share dividends are payable on March 16, 2009 to shareholders of record
on March 6, 2009.
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In an effort to further enhance our liquidity and equity position, the Board of Trust Manager also approved the issuance of up to $125 million
of common shares under a continuous equity issuance program.
Outlook
“We are in a very challenging economic environment which is impacting our results in the short term. In this environment, we have kept our
focus on leasing and maintaining the occupancy of our existing portfolio, completing our existing new development pipeline, deploying our
capital wisely and increasing our liquidity. The economic picture does not look promising. However, we all know that we will emerge from this
recession. I feel this company is extremely well positioned to perform well despite continued market pressure because we have great
Properties, People and basic operating Practices,” said Alexander. “I take comfort in initiatives that have made this company strong for over 60
years now, through both good and difficult times. Weingarten has a truly superior management team, a diversified portfolio that is
strategically located primarily in metropolitan areas and over 70% of our net operating income comes from shopping centers that have a
supermarket component, the most recession-resilient product type in our sector.” The Company believes FFO will be in the range of $2.30 to
$2.60 including gains from merchant development sales of $0.10 per share.
Conference Call Information

The Company also announced that it will host a live webcast of its quarterly conference call on February 23, 2009 at 10:00 a.m. Central Time.
The live webcast can be accessed via the Company’s Web site at www.weingarten.com. A replay is also available through the Company’s
Web site starting approximately two hours following the live call or can be heard by calling 800-642-1687, identification number 81399595
until 11:59 PM Central Time on February 24, 2009.
About Weingarten Realty Investors

As one of the largest real estate investment trusts listed on the New York Stock Exchange, Weingarten Realty (NYSE:WRI) is celebrating its
60th anniversary as a commercial real estate owner, manager and developer, formed in 1948. Focused on delivering solid returns to
shareholders, Weingarten is actively developing, acquiring, and intensively managing properties in 23 states that span the United States from
coast-to-coast. The Company’s portfolio of 404 properties includes 323 neighborhood and community shopping centers and 81 industrial
properties. Including tenant-owned square footage, the Company’s portfolio currently totals approximately 73 million square feet under
management. Weingarten has one of the most diversified tenant bases of any major REIT in its sector, with the largest of its 5,300 tenants
comprising less than 3% of its rental revenues. To learn more about the Company’s operations and growth strategies, please visit
www.weingarten.com.
Forward-Looking Statements
Statements included herein that state the Company’s or Management’s intentions, hopes, beliefs, expectations or predictions of the future are
“forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995 which by their
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nature, involve known and unknown risks and uncertainties. The Company’s actual results, performance or achievements could differ
materially from those expressed or implied by such statements. Reference is made to the Company’s regulatory filings with the Securities and
Exchange Commission for information or factors that may impact the Company’s performance.
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Financial Statements
Weingarten Realty Investors
(in thousands, except per share amounts)
Three Months Ended Twelve Months Ended

December 31, December 31,
STATEMENTS OF CONSOLIDATED INCOME AND 2008 2007 2008 2007
FUNDS FROM OPERATIONS (Unaudited) (Unaudited)
Rental Income $ 147,576 $ 146,913 $ 600,918 $ 570,487
Other Income 3,601 3,570 14,050 13,280
Total Revenues 151,177 150,483 614,968 583,767
Depreciation and Amortization 37,617 32,993 155,912 128,061
Operating Expense 38,740 29,384 118,477 103,737
Ad Valorem Taxes 17,107 15,089 73,026 66,649
General and Administrative Expense 5,987 7,329 25,761 26,979
Impairment Loss 52,539 52,539
Total Expenses 151,990 84,795 425,715 325,426
Operating Income (Loss) (813) 65,688 189,253 258,341
Interest Expense (35,637) (38,646) (148,475) (148,829)
Interest and Other Income, net 414 1,648 4,334 8,486
Gain on Redemption of Convertible Senior Unsecured Notes 10,658 10,658
Equity in Earnings (Loss) of Real Estate Joint Ventures and Partnerships,
net (3,341) 7,340 12,196 19,853
Income Allocated to Minority Interests (1,975) (2,559) (8,943) (10,237)
Gain on Sale of Properties 1,897 1,076 1,998 4,086
Gain on Land and Merchant Development Sales 102 8,235 8,342 16,385
Benefit (Provision) for Income Taxes 13,139 (2,140) 10,148 (4,073)
Income (Loss) From Continuing Operations (15,556) 40,642 79,511 144,012
Operating Income (Loss) From Discontinued Operations (22) 1,975 3,448 10,346
Gain on Sale of Properties From Discontinued Operations 14,739 23,975 68,722 83,659
Income from Discontinued Operations 14,717 25,950 72,170 94,005
Net Income (Loss) (839) 66,592 151,681 238,017
Less: Preferred Share Dividends 8,869 8,890 34,711 25,375
Redemption Costs of Preferred Shares 1,850
Net Income (Loss) Available to Common Shareholders--Basic $ (9,708) $ 57,702 $ 115,120 $ 212,642
Net Income (Loss) Per Common Share--Basic $ (0.11) $ 0.68 $ 1.36 $ 2.49
Net Income (Loss) Available to Common Shareholders--Diluted $ (9,708) $ 58,798 $ 115,120 $ 217,049
Net Income (Loss) Per Common Share--Diluted $ (0.11) $ 0.67 $ 1.36 $ 2.44
Funds from Operations:

Net Income (Loss) Available to Common Shareholders $ (9,708) $ 57,702 $ 115,120 $ 212,642
Depreciation and Amortization 35,602 32,923 150,137 129,946
Depreciation and Amortization of Unconsolidated Joint Ventures 3,200 3,765 11,898 11,204
Gain on Sale of Properties (16,629) (25,065) (70,066) (83,907)
(Gain) Loss on Sale of Properties of Unconsolidated Joint Ventures 10 (2,171) (2) (2,169)
Funds from Operations--Basic $ 12,475 $ 67,154 $ 207,087 $ 267,716
Funds from Operations Per Common Share--Basic $ 0.14 $ 0.80 $ 2.45 $ 3.13
Funds from Operations--Diluted $ 12,475 $ 68,250 $ 207,087 $ 272,123
Funds from Operations Per Common Share--Diluted $ 0.14 $ 0.78 $ 2.44 $ 3.06
Weighted Average Shares Outstanding--Basic 86,664 84,286 84,474 85,504
Weighted Average Shares Outstanding--Diluted 86,876 87,379 84,917 88,893

2008 2007
CONSOLIDATED BALANCE SHEETS (Unaudited) (Audited)
Property $ 4,915,472 $ 4,972,344
Accumulated Depreciation (812,323) (774,321)
Investment in Real Estate Joint Ventures and Partnerships 357,634 300,756
Notes Receivable from Real Estate Joint Ventures and Partnerships 232,544 81,818
Unamortized Debt and Lease Costs 119,951 114,969
Accrued Rent and Accounts Receivable, net 103,873 94,607
Cash and Cash Equivalents 58,946 65,777
Restricted Deposits and Mortgage Escrows 33,252 38,884
Other 105,350 98,509
Total Assets $ 5,114,699 $ 4,993,343
Debt $ 3,171,537 $ 3,165,059

Accounts Payable and Accrued Expenses 179,432 155,137
Other 90,461 104,439
Total Liabilities 3,441,430 3,424,635
Commitments and Contingencies 41,000
Minority Interest 204,031 96,885
Preferred Shares of Beneficial Interest 8 8

Common Shares of Beneficial Interest 2,625 2,565
Treasury Shares of Beneficial Interest (41)
Accumulated Additional Paid-In Capital 1,475,397 1,442,027
Net Income in Excess of (Less Than) Accumulated Dividends (20,116) 42,739
Accumulated Other Comprehensive Loss (29,676) (15,475)
Total Shareholders' Equity 1,428,238 1,471,823
Total Liabilities and Shareholders' Equity $ 5,114,699 $ 4,993,343
Page 7

Reconciliation of Funds from Operations for Exclusion of Non-Recurring
Transactions
Three Months Twelve Months

Ended Ended
December 31, 2008 December 31, 2008
Funds from Operations per Common Share - Diluted as Reported $ 0.14 $ 2.44
Gain on Redemption of Convertible Senior Unsecured Notes (0.13) (0.13)
Impairment Loss, net of taxes 0.54 0.54
Write-off of Predevelopment Costs, net of taxes 0.16 0.20
Reduction of Incentive Compensation Accrual (0.04) (0.05)
Gain on Swap Settlement - (0.03)
Redemption Costs of Preferred G Shares - 0.02
Hurricane Ike Costs - 0.02
Severance Costs 0.02 0.03
Losses on Assets Held in Grantor Trust 0.03 0.06
Adjusted Funds from Operations per Common Share - Diluted $ 0.72 $ 3.11
Page 8
EXHIBIT 99.2
Supplemental Financial Information

December 31, 2008
(Unaudited)
Table of Contents Page No.
Corporate Profile 1
Condensed Consolidated Statements of Income 2
Condensed Consolidated Balance Sheets 3
Summary Operating Data 4-6
Funds from Operations
Dividends
General and Administrative Expenses
Net Operating Income
Reconciliation of Funds from Operations for Exclusion of Non-Recurring Transactions
Rentals
Interest Expense
Fee Income From Real Estate Joint Ventures and Partnerships
Property
Net Operating Income including Joint Ventures
Joint Venture Reporting 7 - 10
Financial Statements of Unconsolidated Real Estate Joint Ventures and Partnerships at 100%
Financial Statements of Unconsolidated Real Estate Joint Ventures and Partnerships at Pro rata Share
Investments in Unconsolidated Real Estate Joint Ventures & Partnerships
Mortgage Debt Information for Unconsolidated Real Estate Joint Ventures & Partnerships
Summary Balance Sheet Information 11
Common Share Data
Capitalization
Capital Availability
Credit Ratings
Debt Information 12 - 13
Outstanding Balance Summary
Fixed vs Variable Rate Debt
Secured vs Unsecured Debt
Coverage Ratios
Weighted Average Interest Rates
Schedule of Maturities
Other Information 14 - 15
Tenant Diversification
Lease Expirations
Leasing Production
Average Minimum Rent per Square Foot
Occupancy
Property Information 16 - 38
Property Investment Summary
New Development Properties (by Stabilization)
Land Held for Development
Acquisition Summary
Disposition Summary
Total Net Operating Income at Pro rata Share by Geographic Region
Average Base Rents by CBSA
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.
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 December 31, 2008, we owned or operated under long-term leases, interests in 374 developed
income-producing properties and 30 new development properties (including 14 which are income-producing), which
are located in 23 states that span the United States from coast to coast. Included in the portfolio are 323 shopping
centers, 78 industrial projects, and 3 other operating properties. Our interests in these properties aggregated approximately
47.6 million square feet of leasable area. Our properties were 92.6% leased as of December 31, 2008, and historically
our portfolio occupancy rate has never been below 90%.
Corporate Office
2600 Citadel Plaza Drive

P. O. Box 924133
Houston, TX 77292-4133
713-866-6000
www.weingarten.com
Regional Offices
Atlanta, GA
Dallas, TX
Ft. Lauderdale, FL
Las Vegas, NV
Los Angeles, CA
Orlando, FL
Phoenix, AZ
Raleigh, NC
Sacramento, CA
Stock Listings
New York Stock Exchange:

Common Shares WRI
Series D Preferred Shares WRI-PD
Series E Preferred Shares WRI-PE
Series F Preferred Shares WRI-PF
Page 1

Condensed Consolidated Statements of Income and Comprehensive Income
(as reported)
Three Months Ended

December 31, Twelve Months Ended December 31,
2008 2007 2008 2007 2006 2005 2004
Revenues:
Rentals $ 147,576 $ 146,913 $ 600,918 $ 570,487 $ 516,669 $ 467,811 $ 419,989
Other 3,601 3,570 14,050 13,280 6,755 6,163 8,155
Total 151,177 150,483 614,968 583,767 523,424 473,974 428,144
Expenses:
Depreciation and amortization 37,617 32,993 155,912 128,061 117,443 106,949 95,219
Operating 38,740 29,384 118,477 103,737 85,722 71,097 66,606
Ad valorem taxes 17,107 15,089 73,026 66,649 60,673 54,630 48,356
General and administrative 5,987 7,329 25,761 26,979 23,801 17,379 16,122
Impairment loss 52,539 52,539 3,200
Total 151,990 84,795 425,715 325,426 287,639 250,055 229,503
Operating Income (Loss) (813) 65,688 189,253 258,341 235,785 223,919 198,641
Interest Expense (35,637) (38,646) (148,475) (148,829) (145,374) (129,160) (116,142)
Interest and Other Income, net 414 1,648 4,334 8,486 9,044 2,854 1,389
Loss on Redemption of Preferred Shares (3,566)
Gain on Redemption of Convertible Senior
Unsecured Notes 10,658 10,658
Equity in Earnings (Loss) of Real Estate
Joint Ventures and Partnerships, net (a) (3,341) 7,340 12,196 19,853 14,655 6,610 5,384
Income Allocated to Minority Interests (1,975) (2,559) (8,943) (10,237) (6,414) (6,060) (4,928)
Gain on Sale of Properties 1,897 1,076 1,998 4,086 22,493 22,306 1,562
Gain on Land and Merchant Development
Sales 102 8,235 8,342 16,385 7,166 804
Benefit (Provision) for Income Taxes 13,139 (2,140) 10,148 (4,073) (1,366)
Income (Loss) From Continuing
Operations (15,556) 40,642 79,511 144,012 135,989 121,273 82,340
Operating Income (Loss) From
Discontinued Operations (22) 1,975 3,448 10,346 23,527 32,921 34,158
Gain on Sale of Properties From
Discontinued Operations 14,739 23,975 68,722 83,659 145,494 65,459 24,883
Income From Discontinued
Operations 14,717 25,950 72,170 94,005 169,021 98,380 59,041
Net Income (Loss) (839) 66,592 151,681 238,017 305,010 219,653 141,381
Less: Preferred Share Dividends (8,869) (8,890) (34,711) (25,375) (10,101) (10,101) (7,470)
Redemption Costs of Preferred
Shares (1,850)
Net Income (Loss) Available to Common
Shareholders - Basic $ (9,708) $ 57,702 $ 115,120 $ 212,642 $ 294,909 $ 209,552 $ 133,911
Net Income (Loss) Per Common Share -
Basic $ (0.11) $ 0.68 $ 1.36 $ 2.49 $ 3.36 $ 2.35 $ 1.55
Net Income (Loss) Per Common Share -
Diluted $ (0.11) $ 0.67 $ 1.36 $ 2.44 $ 3.27 $ 2.31 $ 1.54
(a) See Page 7 for the Company's pro rata share of the operating results of its unconsolidated real estate joint ventures and partnerships.
Page 2

Condensed Consolidated Balance Sheets
(as reported)
December 31,
2008 2007
ASSETS
Property $ 4,915,472 $ 4,972,344

Accumulated Depreciation (812,323) (774,321)
Property, net 4,103,149 4,198,023
Investment in Real Estate Joint Ventures and Partnerships (a) 357,634 300,756
Total 4,460,783 4,498,779
Notes Receivable from Real Estate Joint Ventures and Partnerships 232,544 81,818
Unamortized Debt and Lease Costs 119,951 114,969
Accrued Rent and Accounts Receivable (net of allowance for doubtful accounts of $12,412 in 2008 and
$8,721 in 2007) 103,873 94,607
Cash and Cash Equivalents 58,946 65,777
Restricted Deposits and Mortgage Escrows 33,252 38,884
Other 105,350 98,509
Total $ 5,114,699 $ 4,993,343
LIABILITIES AND SHAREHOLDERS' EQUITY
Debt $ 3,171,537 $ 3,165,059

Accounts Payable and Accrued Expenses 179,432 155,137
Other 90,461 104,439
Total 3,441,430 3,424,635
Commitments and Contingencies 41,000
Minority Interest 204,031 96,885
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 2008 and 2007; liquidation preference $75,000 3 3
6.95% Series E cumulative redeemable preferred shares of beneficial interest; 29 shares issued and
outstanding in 2008 and 2007; liquidation preference $72,500 1 1
6.5% Series F cumulative redeemable preferred shares of beneficial interest; 140 shares issued; 140 and 80
shares outstanding in 2008 and 2007; liquidation preference $350,000 in 2008 and $200,000 in 2007 4 2
Variable-rate Series G cumulative redeemable preferred shares of beneficial interest, 80 shares issued; none
in 2008 and 80 shares outstanding in 2007; liquidation preference $200,000 in 2007 2
Common Shares of Beneficial Interest - par value, $.03 per share; shares authorized: 150,000; shares issued
and outstanding: 87,102 in 2008 and 85,146 in 2007 2,625 2,565
Treasury Shares of Beneficial Interest - par value, $.03 per share; none in 2008 and 1,370 shares
outstanding in 2007 (41)
Accumulated Additional Paid-In Capital 1,475,397 1,442,027
Net Income in Excess of (Less Than) Accumulated Dividends (20,116) 42,739
Accumulated Other Comprehensive Loss (29,676) (15,475)
Shareholders' Equity 1,428,238 1,471,823
Total $ 5,114,699 $ 4,993,343
(a) This represents the Company's investment of its unconsolidated real estate joint ventures and partnerships. See page 7 for additional
information.
Page 3

Summary Operating Data

2008 2007 2008 2007
Funds from Operations
Numerator:
Net income (loss) available to common shareholders $ (9,708) $ 57,702 $ 115,120 $ 212,642
Depreciation and amortization 35,602 32,923 150,137 129,946
Depreciation and amortization of unconsolidated real estate joint
ventures and partnerships 3,200 3,765 11,898 11,204
Gain on sale of properties (16,629) (25,065) (70,066) (83,907)
(Gain) loss on sale of properties of unconsolidated real estate joint
ventures and partnerships 10 (2,171) (2) (2,169)
Funds from Operations - Basic 12,475 67,154 207,087 267,716
Funds from operations attributable to operating partnership units 1,096 4,407
Funds from Operations - Diluted $ 12,475 $ 68,250 $ 207,087 $ 272,123
Denominator:
Weighted average shares outstanding - Basic 86,664 84,286 84,474 85,504
Effect of dilutive securities:
Share options and awards 212 673 443 891
Operating partnership units 2,420 2,498
Weighted average shares outstanding - Diluted 86,876 87,379 84,917 88,893
Funds from Operations per Share - Basic $ 0.14 $ 0.80 $ 2.45 $ 3.13
Funds from Operations Per Share - Diluted $ 0.14 $ 0.78 $ 2.44 $ 3.06
Growth in Funds from Operations per Share - Diluted -82.1% -20.3%
Dividends
Common Dividends per Share $ 0.525 $ 0.495 $ 2.10 $ 1.98
Common Dividends Paid as a % of Funds from Operations 366.4% 61.7% 85.9% 63.2%
General and Administrative Expenses

General and Administrative Expenses/Total Revenue 4.0% 4.9% 4.2% 4.6%
General and Administrative Expenses/Total Assets before Depreciation 0.10% 0.13% 0.43% 0.47%
Net Operating Income *

Same Property NOI Growth: **
Cash Basis
Retail -3.7% 3.2% -0.6% 2.7%
Industrial -1.6% 3.4% 1.5% 4.3%
Total -3.5% 3.2% -0.4% 2.8%
Includes the Company's share of unconsolidated real estate joint ventures and partnerships and excludes its partners' share of
* consolidated real estate joint
ventures and partnerships ("Pro rata Share").
Same Property NOI Growth excludes the effect of lease cancellation income and straight-line rent adjustments, but does include
** provisions for uncollectible
amounts and related recoveries.
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 real
estate joint ventures and partnerships. We calculate FFO in a manner consistent with the NAREIT definition.
Management uses FFO as a supplemental measure to conduct and evaluate our business because there are certain limitations associated
with using GAAP net income by itself as the primary measure of our operating performance. Historical cost accounting for real estate
assets in accordance with GAAP implicitly assumes that the value of real estate assets diminishes predictably over time. Since real estate
values instead have historically risen or fallen with market conditions, management believes that the presentation of operating results for
real estate companies that uses historical cost accounting is insufficient by itself. There can be no assurance that FFO presented by us is
comparable to similarly titled measures of other REITs. FFO should not be considered as an alternative to net income or other
measurements under GAAP as an indicator of our operating performance or to cash flows from operating, investing or financing activities
as a measure of liquidity. FFO does not reflect working capital changes, cash expenditures for capital improvements or principal
payments on indebtedness.
Page 4

Reconciliation of Funds from Operations for Exclusion of Non-Recurring
Transactions
Three Months Twelve Months

Ended Ended
December 31,
2008 December 31, 2008
Funds from Operations per Common Share - Diluted as Reported $ 0.14 $ 2.44
Gain on Redemption of Convertible Senior Unsecured Notes (0.13) (0.13)
Impairment Loss, net of taxes 0.54 0.54
Write-off of Predevelopment Costs, net of taxes 0.16 0.20
Reduction of Incentive Compensation Accrual (0.04) (0.05)
Gain on Swap Settlement - (0.03)
Redemption Costs of Preferred G Shares - 0.02
Hurricane Ike Costs - 0.02
Severance Costs 0.02 0.03
Losses on Assets Held in Grantor Trust 0.03 0.06
Adjusted Funds from Operations per Common Share - Diluted $ 0.72 $ 3.11
Page 5

Summary Operating Data (continued)
(in thousands)

2008 2007 2008 2007
Rentals
Base minimum rent, net $ 112,642 $ 113,098 $ 457,412 $ 437,065
Straight line rent 1,315 2,494 10,061 9,463
Over/Under-market rentals, net 892 899 3,487 3,223
Percentage rent 1,922 1,738 5,918 6,158
Tenant reimbursements 30,805 28,684 124,040 114,578
Total $ 147,576 $ 146,913 $ 600,918 $ 570,487

2008 2007 2008 2007
Interest Expense
Interest paid or accrued $ 44,017 $ 46,116 $ 176,772 $ 180,612
Over-market mortgage adjustment (3,466) (1,601) (8,007) (6,758)
Gross interest expense 40,551 44,515 168,765 173,854
Less:
Capitalized interest (4,914) (5,869) (20,290) (25,025)
Interest expense $ 35,637 $ 38,646 $ 148,475 $ 148,829

2008 2007 2008 2007
Fee Income from Real Estate Joint Ventures and Partnerships
Recurring $ 1,962 $ 1,967 $ 7,135 $ 5,892
Non-Recurring 517 95 2,312
Total $ 1,962 $ 2,484 $ 7,230 $ 8,204
December 31,
2008 2007
Property
Land $ 964,982 $ 974,145
Land held for development 118,078 62,033
Land under development 101,587 223,827
Buildings and improvements 3,488,385 3,533,037
Construction in-progress 242,440 179,302
Total $ 4,915,472 $ 4,972,344
Three Twelve
Months Months
Ended Ended
2008 2008
Net Operating Income including Joint Ventures
Revenues $ 151,177 $ 614,968
Operating expense (38,740) (118,477)
Ad valorem taxes (17,107) (73,026)
Total 95,330 423,465
Net Operating Income from Discontinued Operations 195 5,504

Prorata Share of Unconsolidated Joint Ventures
Revenues 14,258 47,977
Operating expense (7,608) (12,981)
Ad valorem taxes (1,331) (5,282)
Total 5,319 29,714
Minority Interests Share of Net Operating Income and Other Adjustments (7,137) (18,232)
Net Operating Income including Joint Ventures $ 93,707 $ 440,451
Page 6

Financial Statements of Unconsolidated Real Estate Joint Ventures and Partnerships at 100%
(in thousands)

2008 2007 2008 2007
Revenues:
Straight line rent 708 931 3,026 4,014
Over/Under-market rentals, net 2,078 1,322 5,849 5,057
Percentage rent 413 262 927 689
Other income 7,130 1,727 10,440 5,987
Total 45,393 40,595 162,737 146,642
Expenses:
Interest 5,616 5,593 20,424 23,093
Operating 18,446 6,822 37,592 22,396
Ad valorem taxes 4,905 3,479 18,739 15,767
General and administrative 4,269 622 6,055 1,243
Impairment loss 5,151 5,151
Total 49,434 29,794 129,107 101,073
Gain on land and merchant development sales 1,295 933 1,295

Gain (loss) on sale of properties (22) 5,427 13 5,422
Net income (loss) $ (4,063) $ 17,523 $ 34,576 $ 52,286
December 31,
2008 2007
ASSETS
Property $ 1,951,771 $ 1,660,915

Accumulated depreciation (129,227) (71,998)
Property, net 1,822,544 1,588,917
Other assets 256,688 238,166
Total $ 2,079,232 $ 1,827,083
Debt $ 472,486 $ 378,206

Amounts payable to Weingarten Realty Investors 248,969 87,191
Other liabilities 149,265 138,150
Accumulated equity 1,208,512 1,223,536
Total $ 2,079,232 $ 1,827,083
Page 7

Financial Statements of Unconsolidated Real Estate Joint Ventures and Partnerships at Pro rata Share
(in thousands)

2008 2007 2008 2007
Revenues:
Straight line rent 229 379 977 1,392
Over/Under-market rentals, net 419 279 1,180 1,129
Percentage rent 169 89 335 247
Other income 3,395 632 4,460 2,408
Total 14,258 12,068 47,977 44,298
Expenses:
Interest 1,655 1,595 5,591 6,951
Operating 7,608 1,965 12,981 6,517
Ad valorem taxes 1,331 1,077 5,282 4,623
General and administrative 2,064 194 2,740 413
Impairment loss 2,451 2,451
Total 18,309 8,596 40,943 29,708
Gain on land and merchant development sales 647 402 647

Gain (loss) on sale of property (10) 2,171 2 2,169
Net income (loss) ** $ (4,061) $ 6,290 $ 7,438 $ 17,406
December 31,
2008 2007
ASSETS
Property $ 593,923 $ 456,007

Accumulated depreciation (48,476) (26,604)
Property, net 545,447 429,403
Other assets 104,439 89,310

Total $ 649,886 $ 518,713
Debt $ 164,699 $ 115,967

Amounts payable to Weingarten Realty
Investors 117,150 40,852
Other liabilities 63,320 53,315
Total 345,169 210,134
Accumulated equity 304,717 308,579
Total $ 649,886 $ 518,713
Net income from unconsolidated real estate joint ventures and

**partnerships $ 7,438
Intercompany fee income reclass 5,492
Other adjustments (734)
Equity in earnings of real estate joint ventures and partnerships, net $ 12,196
Notes:
The Consolidated Financial Statements at pro rata share include only the real estate operations of joint ventures and partnerships at WRI's
ownership percentages. Pro rata financial information is not, and is not intended to be, a presentation in accordance with generally accepted
accounting principles.
Page 8

Investments in Unconsolidated Real Estate Joint Ventures & Partnerships
December 31, 2008
(In Thousands)
Weingarten Realty
Equity in
Earnings of
Number of Total Total Total Ownership Share of Investment Unconsolidated
Joint Venture Partner Properties GLA Assets Debt Interest Debt Balance JVs
TIAA Florida Retail LLC 7 1,258 $ 337,516 $ - 20.0% $ - $ 65,099 $ 2,823

AEW SRP, LLC 10 895 170,592 105,124 25.0% 26,281 13,890 54
Collins 8 1,100 160,464 31,225 50.0% 15,612 57,087 3,042
AEW - Institutional Client 6 523 136,868 69,709 20.0% 13,942 12,493 604
BIT Retail 3 715 160,474 - 20.0% - 30,804 1,338
BIT Investment Thirty-
Six, LP 12 4,068 230,489 24,681 20.0% 4,936 33,967 1,059
Eagle AN, LP 7 2,050 54,091 35,245 20.0% 7,049 0 148
Other 29 4,088 828,739 206,502 46.9% 96,878 144,293 3,128

Total 82 14,697 $2,079,232 $ 472,486 28.3% $ 164,699 $ 357,634 $ 12,196
Joint Venture Description
RETAIL
TIAA Florida Retail LLC Joint venture with an institutional partner, TIAA-CREF Global Real Estate.
Retail joint venture with an institutional partner through AEW Capital
AEW SPR, LLC Management
Collins Primarily a development joint venture in the Texas Rio Grande valley
AEW - Institutional Client Joint venture with an institutional partner through AEW Capital Management
BIT Retail Retail joint venture with Mercantile Real Estate Advisors and its client, the AFL-CIO Building Investment Trust
INDUSTRIAL
BIT Investment Thirty- Industrial joint venture with Mercantile Real Estate Advisors and its client, the AFL-CIO Building Investment
Six, LP Trust
Eagle AN, LP Industrial joint venture with American National Insurance Company
Page 9

Mortgage Debt Information for Unconsolidated Joint Ventures & Partnerships
December 31, 2008
(In Thousands)
# of Average Average
Mortgaged Mortgage Interest Rate Remaining
Joint Venture Partner Properties Balance (1) Term (yrs)
TIAA Florida Retail LLC - $ - - -

AEW SRP, LLC 7 105,124 5.7% 7.0
Collins 2 31,225 6.2% 12.6
AEW - Institutional Client 6 69,709 5.7% 5.2
BIT Retail 0 - - -
BIT Investment Thirty-Six, LP 4 24,681 6.4% 2.8
Eagle AN, LP 1 35,245 8.1% 1.7
Other 8 128,730 5.7% 8.3
Total 28 $ 394,714 6.0% 6.6
Schedule of Maturities
At 100% At WRI Share

Average Average
Maturities Interest Rate Maturities Interest Rate
2008 $ - - $ - -
2009 - - - -
2010 (1) 44,419 7.5% 9,891 7.2%
2011 13,341 7.3% 6,804 7.3%
2012 15,440 6.1% 3,088 6.1%
2013 47,821 6.1% 16,780 5.9%
2014 54,226 5.9% 12,174 5.9%
2015 37,272 5.3% 7,874 5.3%
2016 99,710 5.7% 30,537 5.7%
2017 44,540 5.6% 19,715 5.6%
Thereafter 37,945 5.6% 18,972 5.6%
Total $ 394,714 6.0% $ 125,835 5.9%
(1) All mortgages are fixed rate except for one of the "other" which has a variable rate mortgage ($3.4 million), maturing in 2010
Page 10

Summary Balance Sheet Information
(in thousands, except common share data and percentages)

2008 2007
Common Share Data

Closing Market Price $ 20.69 $ 31.44
Dividend Yield 10.15% 6.30%
90-Day, Average Daily Trading Volume 1,290,339 468,050
Capitalization (As reported)

Debt $ 3,171,537 $ 3,165,059
Preferred Shares 497,500 547,500
Common Shares at Market 1,802,140 2,633,917
Operating Partnership Units at Market 45,559 75,959
Total Market Capitalization $ 5,516,736 $ 6,422,435
Debt to Total Market Capitalization 57.5% 49.3%
Capitalization (Pro rata)

Debt $ 3,131,883 $ 3,242,349
Preferred Shares 497,500 547,500
Common Shares at Market 1,802,140 2,633,917
Operating Partnership Units at Market 45,559 75,959
Total Market Capitalization $ 5,477,082 $ 6,499,725
Debt to Total Market Capitalization 57.2% 49.9%
Capital Availability
Unused Portion of $575 MM Revolver $ 181,943 $ 310,793
Shelf Registration - $1 Billion Effective April 2003 - 85,430 (1)
Shelf Registration - $1.5 Billion Effective September 2004 - 1,300,000 (1)
Shelf Registration - $50 Million Effective September 2004 - 50,000 (1)
Total $ 181,943 $ 1,746,223
Credit Ratings S&P Moody's
Senior Debt BBB Baa2

Preferred Shares BB+ Baa3
(1) These shelf registrations have expired.

Effective December 8, 2008, an automatic open shelf registration was filed, allowing us to issue various
securities over the next three years as determined by the market.
Page 11

Debt Information
(in thousands, except percentages)
4th Quarter 4th Quarter

December 31, Weighted December 31, Weighted
2008 Average Rate 2007 Average Rate
Outstanding Balance Summary (1)
Mortgage Debt $ 1,003,709 6.37% $ 1,035,578 7.19%
7% 2011 Bonds 200,000 7.00% 200,000 7.00%
3.95% Convertible Bonds (2) 537,199 3.95% 575,000 3.95%
Unsecured Notes Payable 1,014,567 5.77% 1,065,867 5.87%
Revolving Credit Agreements (3) 383,000 2.55% 255,000 5.54%
Industrial Revenue Bonds 3,337 3.44% 3,889 4.92%
Obligations under Capital Leases 29,725 5.98% 29,725 6.22%
Total Debt - As Reported 3,171,537 5.31% 3,165,059 6.08%
Less: Minority Partners' Interests (204,353) (38,677)
Plus: WRI Share of Unconsolidated Joint Ventures 164,699 115,967
Total Debt - Pro rata Share $ 3,131,883 5.31% $ 3,242,349 6.06%

2008 % of Total 2007 % of Total
Fixed vs Variable Rate Debt (at Pro rata Share)
(includes the effect of interest rate swaps)
Fixed-rate debt $ 2,682,169 85.6% $ 2,919,947 90.1%

Variable-rate debt 449,714 14.4% 322,402 9.9%
Total $ 3,131,883 100.0% $ 3,242,349 100.0%
Secured vs Unsecured Debt (at Pro rata Share)

Secured Debt $ 992,491 31.7% $ 1,146,843 35.4%
Unsecured Debt 2,139,392 68.3% 2,095,506 64.6%
Total $ 3,131,883 100.0% $ 3,242,349 100.0%
Coverage Ratios (at Pro rata Share trailing 4 quarters)

Fixed Charge Coverage 1.99x 2.07x
Interest Coverage 2.37x 2.29x
Debt Service Coverage 2.31x 2.24x
As Pro rata
Reported Share
Weighted Average Interest Rates (1)
Three months ended 12/31/08 5.31% 5.31%
Twelve months ended 12/31/08 5.54% 5.53%
Twelve months ended 12/31/07 6.08% 6.07%
(1) Weighted average interest rates exclude the effects of FAS 141 and loan costs related to financing.
The convertible bonds mature August 1, 2026 with a five year option to redeem anytime after August 2011 and an initial conversion price
(2) of $49.075 per share.
Weighted average revolving interest rate excluding the effect of the commitment fee was 2.34% in fourth quarter 2008 and 5.23% in fourth
(3) quarter 2007.
Page 12

Debt Information
Schedule of Maturities at December 31, 2008
As Reported Pro rata Share

Maturities Rate (6) Maturities Rate (6) Floating Rate Fixed Rate
2009 (1) 96,987 6.48% 99,649 6.54% 12,371 87,278
2010 (2) 127,975 6.43% 139,391 6.45% 2,424 136,967
2011 (3) 303,412 6.76% 310,742 6.75% 488 310,254
2012 334,701 5.51% 338,091 5.53% 679 337,412
2013 413,440 5.75% 317,278 5.66% 841 316,437
2014 374,743 5.36% 386,364 5.36% 3,102 383,262
2015 249,780 6.06% 217,433 5.57% 1,124 216,309
2016 147,123 6.27% 176,995 5.77% 1,296 175,699
2017 29,391 6.90% 33,792 6.43% 1,456 32,336
2018 54,007 8.28% 33,942 5.59% 1,553 32,389
Thereafter (3) 609,636 4.39% 647,864 4.10% 29,239 618,625
Subtotal 2,741,195 2,701,541 54,573 2,646,968
Revolvers (4) 383,000 3.30% 383,000 3.30% 383,000

Other (5) 47,342 47,342 (37,859) 85,201
Swap Maturities:
2014 50,000 (50,000)
Total $ 3,171,537 5.54% $ 3,131,883 5.53% $ 449,714 $ 2,682,169
(1) Includes $2.5 million of amortizing industrial revenue bonds with a final maturity date of 2015 that are currently callable by the lender.
(2) Includes $9.7 million of MTN's maturing 2028 with 12 and 20 year put options.
(3) Thereafter includes $537.2 million of Convertible debt maturing in 2026 which has a 5 year call and put option in 2011.
(4) Includes the effect of the commitment fee.
(5) Other includes capital leases, FAS 141 adjustment, market value of swaps, and a guarentee for the payment of bonds issued in connection
with a project in Denver, Colorado.
(6) Interest rates exclude the effects of FAS 141 and loan costs related to financing.
Page 13

Tenant Diversification by Percent of Rental Revenues at Pro rata Share
(in thousands, except percentages and # of units)
% of
Pro rata
Rental Square
Rank Tenant Name DBA’s # of Units Revenue Feet
Kroger, Smith Food, Ralphs, Fry's Food, King

1 THE KROGER CO. Soopers 30 2.15% 1,504
2 ROSS STORES, INC. Ross Dress for Less 34 1.60% 749
3 T.J.X. COMPANIES, INC. T.J. Maxx, Marshalls, Home Goods 32 1.60% 788
4 HOME DEPOT, INC. 7 1.23% 806
PUBLIX SUPER MARKETS,

5 INC. 23 1.21% 761
6 SAFEWAY, INC. Safeway, Randalls, Von's 19 1.16% 780
7 OFFICE DEPOT, INC. 26 1.06% 525
8 PETSMART, INC. 20 0.97% 364
9 GAP, INC. Gap, Old Navy, Banana Republic 19 0.91% 297
10 BLOCKBUSTER VIDEO 50 0.86% 239
11 BARNES & NOBLE INC. Barnes & Noble, Bookstop Booksellers 11 0.77% 232
PETCO ANIMAL SUPPLIES,

12 INC. 22 0.75% 251
13 BED BATH & BEYOND, INC. 19 0.66% 356
14 STAPLES 13 0.63% 282
15 HARRIS TEETER 7 0.63% 323
16 CIRCUIT CITY 6 0.62% 225
17 OFFICE MAX INC. 11 0.61% 250
18 RALEY'S Raley's Bel Air Markets 6 0.61% 331
19 WHOLE FOODS 6 0.61% 218
20 H E BUTT GROCERY 6 0.61% 291
21 TOYS 'R' US 9 0.57% 312
22 BEST BUY, INC. 10 0.56% 225
23 DOLLAR TREE STORES, INC. Dollar Tree, Greenbacks 30 0.54% 270
WASHINGTON MUTUAL
24 BANK 29 0.53% 104
25 FOOD LION 9 0.46% 335
Total 454 21.91% 10,817

Page 14

Leasing Information
(in thousands, except percentages and # of units and leases, pro rata share)
Lease Expirations
Shopping Center Industrial Total
Percentage of Percentage of Percentage of
Pro rata Pro rata Pro rata
Year Expiring Sq. Ft. Revenue Sq. Ft. Revenue Sq. Ft. Revenue
2009 8.31% 8.89% 18.51% 18.14% 10.87% 9.95%
2010 13.24% 14.34% 19.10% 19.64% 14.71% 14.95%
2011 14.34% 15.32% 13.87% 15.57% 14.22% 15.35%
2012 11.77% 12.82% 14.06% 14.15% 12.34% 12.98%
2013 12.97% 13.10% 14.78% 14.90% 13.42% 13.30%
2014-2018 23.63% 23.15% 18.79% 16.53% 22.42% 22.40%
2019-2028 15.15% 11.72% 0.89% 1.07% 11.57% 10.49%
Leasing Production - New Leases and Renewals
Number Increase
of Leases Square Feet in Base Rent
Three Months Ended
December 31, 2008
Retail 290 1,023 6.6%
Industrial 38 504 7.7%
Total 328 1,527 6.8%
Three Months Ended

December 31, 2007
Retail 264 921 11.4%
Industrial 49 758 9.8%
Total 313 1,679 11.1%
Twelve Months Ended

December 31, 2008
Retail 1,065 3,927 11.0%
Industrial 178 2,406 7.4%
Total 1,243 6,333 10.2%
Twelve Months Ended

December 31, 2007
Retail 1,048 4,142 11.3%
Industrial 213 2,865 6.0%
Total 1,261 7,007 10.3%
Average Minimum Rent per Square Foot
Quarter Ended
December 31, September 30, June 30, March 31, December 31,
2008 2008 2008 2008 2007
Retail $ 13.16 $ 13.05 $ 12.96 $ 12.73 $ 12.57

Industrial $ 4.98 $ 4.92 $ 4.91 $ 4.92 $ 4.86
Occupancy Quarter Ended

December 31, September 30, June 30, March 31, December 31,
2008 2008 2008 2008 2007
Shopping Center
Portfolio 93.0% 94.5% 94.2% 94.8% 95.1%
Industrial Portfolio 91.6% 91.4% 91.9% 90.7% 92.0%
Total Portfolio 92.6% 93.7% 93.6% 93.7% 94.4%
Note: A space is considered occupied upon execution of a lease agreement.
Page 15

Property Information
(in thousands at pro rata share)
Property Investment Summary

New Major All
Acquisitions Development Repairs Other Total
Twelve Months Ended 12/31/2008 $ 2,685 $ 193,235 $ 20,570 $ 81,302 $ 297,791

Year Ended 12/31/2007 565,427 218,239 18,236 64,035 865,938
Year Ended 12/31/2006 602,987 166,999 14,338 32,757 817,081
Year Ended 12/31/2005 358,990 33,171 12,858 36,791 441,810
Year Ended 12/31/2004 511,245 37,836 12,265 41,983 603,329
Page 16

New Development Properties (By Stabilization)
(in thousands at pro rata share, except percentages)
Percent
Total Square Leased
Feet of (1) Spent Total Estimated Est.
WRI building Area Net Year-To- Spent Investment (2) Final Estim
Own (1) @ Date Inception WRI Gross ROI Stab
Center Name Location Anchors % (Gross) Net 100% Gross 2008 to Date Costs Costs % D
Palm Coast
Landing at
Town Center
1 Phase 1* Palm Coast, Florida Target # 50.0% 359 80 97.9% 99.1% $ 5,429 $ 14,194 $ 12,881 $ 25,763 (4)
Raintree Chandler Whole
2 Ranch Center (Phoenix),Arizona Foods 100.0% 140 137 97.2% 97.3% 1,893 29,679 29,679 29,679
The Village at Liberty Lake, Home
3 Liberty Lake* Washington Depot # 50.0% 159 0 100.0% 100.0% (175) 0 0 0 (3)
TSA, HH
Greg, Bed
Colonial Bath,
4 Landing Orlando, Florida PetSmart 50.0% 267 133 95.2% 95.2% 1,644 14,635 15,413 30,825
Railwood G -
Global
Stainless BTS
5 (industrial)* Houston, Texas Sumotiomo 50.0% 211 105 100.0% 100.0% 5,409 5,409 5,686 11,372
Sharyland
Towne HEB,
6 Crossing* Mission, Texas Target # 50.0% 489 178 97.6% 98.2% 1,006 25,884 25,884 51,767
Total 2008
Stabilizations 1,624 634 97.5% 98.2% $ 15,206 $ 89,802 $ 89,543 $149,407
Horne Street 24 Hour
1 Market Ft. Worth, Texas Fitness 100.0% 47 42 100.0% 89.4% 4,458 9,033 10,614 10,614
Market at Kohl's,
Sharyland Wal-Mart
2 Place* Mission, Texas # 50.0% 313 56 84.9% 94.6% 632 2,454 3,031 6,062
Jess Ranch
Marketplace Apple Valley (Los
3 Phase II* Angeles),California Winco # 50.0% 308 107 90.5% 93.4% 4,197 17,210 19,012 38,025
ClayPoint
Distribution
Park
4 (Industrial) Houston, Texas Pioneer 100.0% 359 359 16.8% 16.8% 12,419 13,355 19,047 19,047
Golf
Galaxy,
Whole
Phillips Foods,
5 Crossing Orlando, Florida Michael's 100.0% 146 146 84.9% 84.9% 12,744 26,053 28,007 28,007
Total 2009
Stabilizations 1,173 711 59.0% 69.0% $ 34,449 $ 68,105 $ 79,711 $101,754
Best Buy,
Ridgeway Target #,
Trace Center Memphis, Sports
1 Phase 1 Tennessee Authority 100.0% 267 129 55.5% 78.4% 6,316 26,624 44,779 44,779
Riverpoint at
Sheridan Sheridan Costco #,
2 Phase 1* (Denver),Colorado Target # 50.0% 519 86 50.9% 80.3% 8,391 17,790 22,507 45,015
Gardens on
Havana Aurora Kohl's,
Leland
(Wilmington),NorthHarris
4 Waterford Carolina Teeter 75.0% 109 66 78.7% 68.8% 3,740 11,607 11,203 14,937
Westwood Wal-Mart
5 Center San Antonio, Texas # 100.0% 444 91 5.2% 49.4% 7,909 15,971 16,653 16,653 (4)
Cinemark,
Best Buy,
Jess Ranch Bed Bath,
Marketplace Apple Valley (Los 24 Hour
6 Phase III* Angeles),California Fitness 50.0% 195 97 76.9% 76.9% 13,423 17,429 23,216 46,432
JC Penney
Clermont Clermont #, Epic
7 Landing (Orlando),Florida Theater # 55.0% 367 104 63.6% 79.6% 8,460 15,771 19,058 34,651
The Shoppes
at Parkwood
Ranch Phase Mesa Hobby
81 (Phoenix),Arizona Lobby 100.0% 106 93 77.5% 80.3% 6,681 10,554 15,878 15,878
Mohave
Crossroads Bullhead City, Target #,
9 Phase 1 Arizona Kohl's # 100.0% 397 193 77.8% 87.5% 26,835 38,913 43,470 43,470
Wal-Mart
10 PhillipsVillageOrlando, Florida # 100.0% 286 66 54.4% 89.4% 758 13,604 14,823 14,823
Market at Wal-Mart
11 Nolana* McAllen, Texas # 50.0% 263 24 55.1% 86.1% 475 4,746 4,532 9,064 (4)
Total 2010
Stabilizations 3,372 1,116 66.2% 77.2% $ 95,462 $186,181 $233,574 $329,569
Westover All Pad
1 Square San Antonio, Texas Site 67.0% 60 0 0.0% 0.0% 334 2,688 0 0 (3)
Gardens on
Havana Aurora Kohl's,
Conn's,
Kohl's #,
Best Buy
#,
Gateway Michaels
3 Station Ft. Worth, Texas #, Ross # 70.0% 256 65 32.1% 75.2% 4,351 7,207 10,517 15,024
Best Buy,
Ridgeway Target #,
Trace Center Memphis, Sports
4 Phase 2 Tennessee Authority 100.0% 45 45 0.0% 0.0% 668 7,771 13,116 13,116
Surf City
Surf City (Wilmington),NorthHarris
5 Crossing Carolina Teeter 75.0% 101 50 72.6% 52.3% 102 4,536 7,025 9,367
The Shoppes
at Parkwood
Ranch Phase Mesa Hobby
62 (Phoenix),Arizona Lobby 100.0% 15 15 0.0% 0.0% 414 1,679 3,453 3,453
Epic Village
Phase I - St. St. Augustine, Epic
7 Augustine Florida Theatre # 70.0% 98 31 16.3% 62.3% 3,722 3,780 7,277 10,396
300 West
Town
8 Center* Salt Lake City, UtahTarget # 31.8% 247 26 0.0% 10.9% 4,116 4,209 6,876 21,624
Total 2011
Stabilizations 896 262 20.4% 37.2% $ 16,270 $ 35,199 $ 52,721 $ 84,181
Riverpoint at
Sheridan Sheridan Costco #,
Palm Coast
Landing at
Town Center
2 Phase 2* Palm Coast, Florida Target # 50.0% 78 0 0.0% 0.0% 3,649 5,133 2,272 4,543 (4)
Mohave
Crossroads Bullhead City, Target #,
3 Phase 2 Arizona Kohl's # 100.0% 31 31 0.0% 0.0% 2,661 4,610 5,526 5,526
Tomball Tomball Academy
4 Marketplace (Houston),Texas # 100.0% 351 245 14.7% 34.5% 5,827 30,480 47,878 47,878
The Shoppes
at Wilderness All Pad
5 Oaks San Antonio, Texas Site 100.0% 79 44 3.4% 1.9% 11,861 11,861 9,480 9,480 (4)
North Towne
6 Plaza Brownsville, Texas Lowe's # 75.0% 276 111 0.0% 42.4% 3,337 11,161 18,413 24,551
Total 2012
Stabilizations 1,075 562 5.2% 22.3% $ 31,847 $ 76,618 $104,668 $134,177
Total 25 Properties Under

Development (exclusive of phasing) 6,517 2,651 47.3% 61.2% $178,029 $366,104 $470,674 $649,681 8.1%
Total 30 New Development
Properties (exclusive of phasing) 8,141 3,285 59.0% 68.6% $193,235 $455,905 $560,217 $799,088 8.3%
* Unconsolidated Joint Venture

# Denotes anchors that are not owned by Weingarten
(1) Total Building Area (Gross) square footage reflects 100% ownership including square feet owned by other. WRI's share of building area (Ne
square footage reflects WRI's ownership percentage excluding square feet owned by other and excluding other possible future building area
(2) Net of expected proceeds not yet received from anchor and pad sales
(3) WRI will not have an investment interest after pad sale considerations
(4) Total estimated costs are net of land sales
Note: Phased projects are counted as one project
Page 17

As of December 31, 2008
in thousands, except acres
Land Held for Development
Ownership Gross Investment

Location Interest Acres 100% Pro Rata
FM 1957 (Potranco Rd) and FM 211, San Antonio (Stevens

Ranch) 50.0% 198.7
Rock Prairie Rd. at Hwy. 6, College Station 100.0% 82.0
South Fulton Parkway and SH 92, Union City - Atlanta 100.0% 81.6
US Hwy 1 and Caveness Farms Road, Wake Forest - Raleigh 100.0% 79.9
Shary Road and US Hwy 83, Mission (North Sharyland) 50.0% 36.9
Creedmoor (Highway 50) and Crabtree Valley Avenue, Raleigh 100.0% 13.2
Northwest Freeway at Gessner, Houston
* 100.0% 4.9
West Loop North at Interstate 10, Houston * 100.0% 3.3
Citadel Plaza at 610 North Loop, Houston * 100.0% 3.1
US Hwy 15-501 & Bruce Wood Rd., Southern Pines, NC 100.0% 24.0
FM 2920 and Future 249, Tomball - Houston 100.0% 8.4
Culebra Road and Westwood Loop, San Antonio (Westwood) 100.0% 9.3
Bear Valley Road at Jess Ranch Parkway, Apple Valley (Jess
Ranch II) 50.0% 3.2
Bear Valley Road at Jess Ranch Parkway, Apple Valley (Jess
Ranch III) 50.0% 10.3
Highway 17 and Highway 210, Surf City 75.0% 36.5
US Hwy 17 & US Hwy 74/76, Leland (Waterford) 75.0% 8.3
Decatur at 215 - Las Vegas 100.0% 25.3
Mississippi at Havana, Aurora (Gardens on Havana) - Denver 39.8% 9.6
Lon Adams Rd at Tangerine Farms Rd (Gladden Farms) -
Tuscan 50.0% 10.7
Young Pines and Curry Ford Rd, Orange County, Florida -
Orlando (Curry Ford) 100.0% 3.0
Other * 100.0% 32.6
Total Land Held Properties 684.9 $ 143,197 $ 114,232
* Represents land parcels held by WRI for many years that have never been reported as new development assets.
Note: Land costs account for $123.4 million of total investment at 100%, $96.0 million at pro rata
share.
Acquisitions
Sq. Ft.
of Bldg. Area Date Total
Center City/State at 100% Acquired Investment Yield
Wholly-Owned Acquisitions
Shopping Centers
Kirby Strip Center Houston, TX 10 05/27/08
Joint Venture Acquisitions
Shopping Centers
Shoppes of Port Charlotte (25%) Port Charlotte, FL 4 01/08/08
Grand Total Acquisitions (Y-T-D) 14 $ 2,685 6.64%
Page 18

Disposition Summary
(in thousands at pro rata share)
Sq. Ft. Weighted

of Bldg. Area Date Sales Sales
Center City/State at 100% Sold Proceeds Cap
Operating Property Sales
Shopping Centers
Eastpark Shopping Center Houston, TX 113 2/1/08

Ralph's Center Redondo Beach, CA 60 3/11/08
Southcliff Shopping Center Fort Worth, TX 116 4/7/08
Park Terrace Shopping Center De Ridder, LA 131 5/28/08
Brodie Oaks Austin, TX 227 6/20/08
Northway Shopping Center Houston, TX 217 6/25/08
River Pointe Conroe, TX 45 7/17/08
Conn's Building Lake Charles, LA 23 8/5/08
Siegen Plaza Baton Rouge, LA 156 11/6/08
Subtotal - Shopping Centers 1,088
Industrial
Wells Branch Corporate Center Austin, TX 59 5/8/08

Subtotal - Industrial 59
Total Operating Property Sales (Y-T-D) 1,147 $ 144,025 7.75%
Land and Merchant Development Sales
Shopping Centers
Green Valley Ranch - KFC Denver, CO 1/9/08

Eastpark - Land Houston, TX 1/31/08
Westwood Center - Firstmark Credit
Union San Antonio, TX 3/14/08
Clermont Landing - Red Lobster Clermont, FL 4/14/08
Clermont Landing - Olive Garden Clermont, FL 4/14/08
Harrison Pointe Shopping Center -
Undeveloped Pad Clermont, FL 4/15/08
Rock Prairie Marketplace - Undeveloped
Pad College Station, TX 5/6/08
Shoppes of Caverness Farms - Red Robin Wake Forest, NC 5/20/08
Waterford Shopping Center -
Undeveloped Pad Leland, NC 5/27/08
US 290 at Gessner - Rudy's BBQ and
Country Store Houston, TX 5/29/08
Westwood Center - Arby's San Antonio, TX 6/6/08
Bridges at Smoky Hill - Undeveloped Pad Centennial, CO 6/17/08
Charleston Commons - Bus Turnout Las Vegas, NV 6/24/08
Raintree Ranch Shopping Center - Panda
Express Chandler, AZ 6/26/08
Westland Fair Shopping Center - Two
Tracts Las Vegas, NV 7/3/08
Shoppes of Caverness Farms - Chili's Wake Forest, NC 7/11/08
Village at Liberty Lake - Washington
Federal S & L Liberty Lake, WA 7/16/08
The Shoppes at Parkwood Ranch -
Undeveloped Pad Mesa, AZ 8/6/08
Shoppes of Caverness Farms - Texas
Roadhouse Wake Forest, NC 9/3/08
Surf City Crossing - Undeveloped Pad Surf City, NC 9/11/08
Palm Coast Landing - McDonald's Palm Coast, FL 9/17/08
Palm Coast Landing - SunTrust Bank Palm Coast, FL 9/22/08
Summerhill Plaza Shopping Center - Two
Tracts Citrus Heights, CA 11/25/08
Kennesaw 75 - Right of Way for Road
Widening Kennesaw, GA 12/2/08
Total Land and Merchant Development Sales (Y-T-D) $ 18,955
Grand Total $ 162,980
Page 19

Total Net Operating Income at Pro rata Share by Geographic Region (1)
Twelve Months Ended December 31,

2008 % 2007 % 2006 % 2005 % 2004 %
Western Region
California $ 51,176 11.8% $ 50,503 11.3% $ 50,074 12.1% $ 47,868 12.2% $ 42,159 11.9%
Nevada 34,360 7.9% 31,338 7.0% 27,796 6.7% 25,161 6.4% 19,705 5.5%
Arizona 26,181 6.0% 23,192 5.2% 15,009 3.6% 14,965 3.8% 13,312 3.7%
Colorado 10,779 2.5% 12,162 2.7% 13,488 3.3% 11,447 2.9% 10,907 3.1%
New Mexico 11,355 2.6% 10,472 2.3% 11,394 2.8% 10,315 2.6% 8,356 2.3%
Utah 3,614 0.8% 3,545 0.8% 3,231 0.8% 2,926 0.7% 2,741 0.8%
Oregon 1,385 0.3% 929 0.2% 46 0.0% - 0.0% - 0.0%
Washington 1,193 0.3% 1,295 0.3% 251 0.1% - 0.0% - 0.0%
Total Western Region 140,044 32.2% 133,437 29.8% 121,289 29.4% 112,683 28.6% 97,179 27.3%
Central Region
Texas $ 134,805 31.0% $ 154,800 34.7% $ 154,473 37.4% $ 157,357 40.0% $ 150,296 42.3%
Louisiana 10,907 2.5% 12,831 2.9% 12,754 3.1% 13,600 3.5% 15,693 4.4%
Kansas 1,949 0.4% 1,980 0.4% 3,714 0.9% 6,282 1.6% 6,926 1.9%
Arkansas 3,006 0.7% 3,028 0.7% 3,505 0.9% 3,855 1.0% 3,351 0.9%
Mississippi (0) 0.0% (0) 0.0% (6) 0.0% 956 0.2% 1,016 0.3%
Illinois 3,129 0.6% 2,378 0.5% 2,985 0.7% 2,870 0.7% 2,959 0.8%
Missouri 1,182 0.3% 1,439 0.3% 2,193 0.5% 2,827 0.7% 2,719 0.8%
Oklahoma 955 0.2% 1,009 0.2% 3,002 0.7% 3,616 0.9% 3,558 1.0%
Total Central Region 155,934 35.7% 177,465 39.7% 182,621 44.2% 191,364 48.6% 186,518 52.4%
Eastern Region
Florida $ 70,335 16.2% $ 67,400 15.1% $ 56,601 13.7% $ 46,076 11.9% $ 40,054 11.4%
North Carolina 26,978 6.2% 27,027 6.2% 23,694 5.7% 19,749 5.0% 14,948 4.2%
Virginia 2,551 0.6% 2,036 0.5% - 0.0% - 0.0% - 0.0%
South Carolina 276 0.1% 287 0.1% 242 0.1% - 0.0% - 0.0%
Georgia 25,039 5.8% 23,929 5.4% 14,861 3.6% 12,119 3.1% 8,483 2.4%
Tennessee 7,015 1.6% 6,964 1.6% 7,386 1.8% 5,967 1.5% 5,777 1.6%
Kentucky 6,629 1.5% 6,787 1.5% 5,944 1.4% 4,719 1.2% 2,179 0.6%
Maine 278 0.1% 381 0.1% 433 0.1% 538 0.1% 457 0.1%
Total Eastern Region 139,101 32.1% 134,811 30.5% 109,161 26.4% 89,167 22.8% 71,899 20.3%
Total Net Operating

Income $435,079 100.0% $445,713 100.0% $413,072 100.0% $393,214 100.0% $355,596 100.0%
(1) The Net Operating Income at Pro rata Share includes the real estate operations of joint ventures at WRI's ownership percentages
ranging from 7.8% to 81% except for the operations of down-reit partnerships, which are included at 100% with the applicable minority
interest. Net Operating Income excludes the effect of lease cancellation income and straight-line rent adjustments. Pro rata financial
information is not, and is not intended to be, a presentation in accordance with generally accepted accounting principles.
Page 20

Average Base Rents by CBSA
As of: 12/31/2008
In Thousands, except per square foot amounts
Economics reflect WRI's pro rata ownership interest
Avg. Avg.
Occupied Annualized Base Occupied Annualized Base
SF Rents Rents SF Rents Rents
# of
Total
Properties GLA ABR Greater than 10K SF Less than 10K SF
Retail
West Region
Flagstaff, AZ 1 166 $ 10.39 126 $ 1,018 $ 8.07 37 $ 679 $ 18.22
Lake Havasu City-
Kingman, AZ 1 149 $ 13.85 92 $ 995 $ 10.82 29 $ 682 $ 23.38
Phoenix-Mesa-Scottsdale,
AZ 17 1,360 $ 14.59 700 $ 6,075 $ 8.67 507 $ 11,542 $ 22.76
Tucson, AZ 5 729 $ 13.40 460 $ 4,080 $ 8.88 182 $ 4,512 $ 24.81
Arizona 24 2,403 $ 13.87 1,378 $ 12,167 $ 8.83 756 $ 17,416 $ 23.05
Los Angeles-Long Beach
et al, CA 3 584 $ 17.05 395 $ 5,583 $ 14.12 152 $ 3,748 $ 24.71
Madera, CA 1 85 $ 12.27 52 $ 488 $ 9.37 26 $ 464 $ 18.18
Modesto, CA 1 79 $ 15.19 47 $ 515 $ 10.84 30 $ 664 $ 22.07
Redding, CA 1 121 $ 17.15 65 $ 560 $ 8.67 53 $ 1,451 $ 27.55
Riverside et al, CA 4 608 $ 18.90 293 $ 3,411 $ 11.65 210 $ 6,095 $ 28.99
Sacramento--Arden et al,
CA 5 630 $ 12.49 330 $ 1,751 $ 5.30 238 $ 5,342 $ 22.47
San Diego-Carlsbad et al,
CA 2 157 $ 20.70 73 $ 739 $ 10.16 80 $ 2,431 $ 30.23
San Francisco-Oakland et
al, CA 3 447 $ 21.48 246 $ 3,509 $ 14.28 181 $ 5,660 $ 31.23
San Jose-Sunnyvale et al,
CA 2 146 $ 18.86 66 $ 423 $ 6.43 69 $ 2,128 $ 30.65
Santa Cruz-Watsonville,
CA 1 150 $ 9.28 93 $ 466 $ 5.00 47 $ 836 $ 17.74
Santa Rosa-Petaluma, CA 1 199 $ 13.53 55 $ 393 $ 7.20 30 $ 758 $ 24.88
Vallejo-Fairfield, CA 3 364 $ 16.91 165 $ 1,214 $ 7.37 155 $ 4,190 $ 27.04
California 27 3,569 $ 16.76 1,879 $ 19,053 $ 10.14 1,272 $ 33,768 $ 26.55
Colorado Springs, CO 2 297 $ 9.09 243 $ 1,843 $ 7.59 50 $ 817 $ 16.48
Denver-Aurora, CO 8 643 $ 17.24 259 $ 3,178 $ 12.26 252 $ 5,637 $ 22.36
None 1 111 $ 10.84 87 $ 640 $ 7.39 23 $ 546 $ 23.90
Colorado 11 1,050 $ 13.86 589 $ 5,661 $ 9.61 325 $ 7,001 $ 21.57
Las Vegas-Paradise, NV 12 2,746 $ 13.37 1,945 $ 18,080 $ 9.30 691 $ 17,148 $ 24.82
Nevada 12 2,746 $ 13.37 1,945 $ 18,080 $ 9.30 691 $ 17,148 $ 24.82
Albuquerque, NM 4 502 $ 15.04 310 $ 3,662 $ 11.80 166 $ 3,493 $ 21.09
Santa Fe, NM 1 250 $ 13.92 105 $ 1,120 $ 10.62 86 $ 1,547 $ 17.98
New Mexico 5 752 $ 14.72 416 $ 4,782 $ 11.50 252 $ 5,040 $ 20.02
Portland-Vancouver et al,
OR-WA 3 120 $ 13.09 66 $ 559 $ 8.51 46 $ 897 $ 19.69
Oregon 3 120 $ 13.09 66 $ 559 $ 8.51 46 $ 897 $ 19.69
Provo-Orem, UT 1 30 $ 15.07 12 $ 158 $ 13.43 18 $ 287 $ 16.16
Salt Lake City, UT 2 276 $ 12.42 175 $ 1,771 $ 10.11 84 $ 1,455 $ 17.24
Utah 3 307 $ 12.69 187 $ 1,929 $ 10.32 102 $ 1,741 $ 17.05
Seattle-Tacoma-Bellevue,
WA 4 82 $ 16.95 64 $ 938 $ 14.72 15 $ 388 $ 26.75
Washington 4 82 $ 16.95 64 $ 938 $ 14.72 15 $ 388 $ 26.75
Total West Region 89 11,029 $ 14.69 6,523 $ 63,169 $ 9.68 3,457 $ 83,399 $ 24.13
Central Region
Little Rock-N. Little Rock,
AR 3 358 $ 8.74 298 $ 2,262 $ 7.59 48 $ 758 $ 15.92
Arkansas 3 358 $ 8.74 298 $ 2,262 $ 7.59 48 $ 758 $ 15.92
Chicago et al, IL-IN-WI 1 304 $ 11.31 268 $ 2,675 $ 9.97 24 $ 625 $ 26.59
Illinois 1 304 $ 11.31 268 $ 2,675 $ 9.97 24 $ 625 $ 26.59
Kansas City, MO-KS 1 135 $ 9.58 76 $ 601 $ 7.89 36 $ 469 $ 13.20
Topeka, KS 1 116 $ 11.26 116 $ 1,303 $ 11.26 0 $ 0 $ 0.00
Kansas 2 251 $ 10.44 192 $ 1,904 $ 9.92 36 $ 469 $ 13.20
Hammond, LA 1 226 $ 6.69 135 $ 544 $ 4.02 86 $ 939 $ 10.88
Lafayette, LA 2 154 $ 9.91 73 $ 572 $ 7.82 76 $ 907 $ 11.91
Page 21
Avg. Avg.
# of
Total
Lake Charles, LA 4 458 $ 7.15 301 $ 1,609 $ 5.34 99 $ 1,253 $ 12.62

Monroe, LA 1 141 $ 5.47 87 $ 293 $ 3.37 50 $ 454 $ 9.12
New Orleans-Metairie-
Kenner, LA 1 156 $ 14.94 78 $ 772 $ 9.87 74 $ 1,498 $ 20.33
Shreveport-Bossier City,
LA 1 46 $ 16.16 27 $ 357 $ 13.43 14 $ 302 $ 21.28
Louisiana 10 1,183 $ 8.63 701 $ 4,146 $ 5.91 399 $ 5,354 $ 13.40
St. Louis, MO-IL 2 229 $ 10.09 115 $ 1,028 $ 8.93 50 $ 637 $ 12.79
Missouri 2 229 $ 10.09 115 $ 1,028 $ 8.93 50 $ 637 $ 12.79
Oklahoma City, OK 2 172 $ 7.62 107 $ 580 $ 5.40 55 $ 655 $ 11.99
Oklahoma 2 172 $ 7.62 107 $ 580 $ 5.40 55 $ 655 $ 11.99
Amarillo, TX 3 219 $ 10.66 68 $ 492 $ 7.27 125 $ 1,566 $ 12.48
Beaumont-Port Arthur, TX 8 413 $ 9.21 159 $ 749 $ 4.71 138 $ 1,990 $ 14.41
College Station-Bryan, TX 1 107 $ 10.77 86 $ 923 $ 10.74 15 $ 164 $ 10.95
Corpus Christi, TX 2 490 $ 12.87 281 $ 2,789 $ 9.92 191 $ 3,283 $ 17.21
Dallas-Fort Worth-
Arlington, TX 9 1,213 $ 12.47 635 $ 5,942 $ 9.36 436 $ 7,404 $ 16.99
Houston-Baytown-Sugar
Land, TX 61 4,614 $ 13.21 2,586 $ 24,182 $ 9.35 1,508 $ 29,896 $ 19.83
Killeen-Temple-Fort Hood,
TX 1 115 $ 11.82 98 $ 1,033 $ 10.52 15 $ 304 $ 20.41
Laredo, TX 2 377 $ 14.04 260 $ 3,024 $ 11.65 100 $ 2,024 $ 20.25
Lubbock, TX 2 182 $ 8.49 143 $ 955 $ 6.67 36 $ 569 $ 15.68
Lufkin, TX 1 248 $ 6.90 205 $ 1,069 $ 5.22 34 $ 578 $ 17.07
McAllen-Edinburg-Pharr,
TX 7 475 $ 11.78 372 $ 3,645 $ 9.81 86 $ 1,751 $ 20.33
Rio Grande City, TX 1 88 $ 11.31 76 $ 788 $ 10.42 12 $ 202 $ 16.98
San Antonio, TX 7 571 $ 11.74 363 $ 3,151 $ 8.69 164 $ 3,031 $ 18.50
Texarkana, TX-Texarkana,
AR 1 97 $ 4.32 54 $ 173 $ 3.18 20 $ 150 $ 7.35
Tyler, TX 1 60 $ 7.77 33 $ 212 $ 6.35 11 $ 132 $ 12.11
Texas 107 9,271 $ 12.30 5,418 $ 49,126 $ 9.07 2,891 $ 53,043 $ 18.35
Total Central Region 127 11,767 $ 11.63 7,100 $ 61,722 $ 8.69 3,502 $ 61,540 $ 17.57
East Region
Fort Walton Beach et al,
FL 2 70 $ 15.67 51 $ 698 $ 13.63 16 $ 348 $ 22.44
Jacksonville, FL 1 312 $ 9.22 250 $ 1,847 $ 7.38 52 $ 937 $ 18.13
Miami-Fort Lauderdale et
al, FL 16 2,132 $ 14.79 1,172 $ 11,225 $ 9.58 785 $ 17,720 $ 22.56
Orlando, FL 13 1,652 $ 15.56 1,071 $ 13,487 $ 12.59 433 $ 9,916 $ 22.89
Palm Bay-Melbourne et al,
FL 3 182 $ 8.84 106 $ 618 $ 5.82 61 $ 865 $ 14.07
Palm Coast, FL 1 76 $ 16.59 53 $ 739 $ 13.81 13 $ 360 $ 28.29
Port St. Lucie-Fort Pierce,
FL 1 50 $ 10.51 37 $ 315 $ 8.51 5 $ 123 $ 26.54
Punta Gorda, FL 2 25 $ 17.84 15 $ 215 $ 14.34 8 $ 187 $ 24.85
Sarasota-Bradenton-
Venice, FL 1 97 $ 10.60 46 $ 324 $ 7.13 40 $ 580 $ 14.58
Tampa-St. Petersburg et
al, FL 4 920 $ 13.52 577 $ 5,834 $ 10.10 305 $ 6,089 $ 19.99
Florida 44 5,517 $ 14.21 3,380 $ 35,303 $ 10.45 1,717 $ 37,124 $ 21.63
Atlanta-Sandy Springs et
al, GA 14 1,693 $ 13.56 1,090 $ 10,859 $ 9.97 506 $ 10,771 $ 21.30
Gainesville, GA 1 93 $ 13.36 70 $ 795 $ 11.31 19 $ 394 $ 21.07
Georgia 15 1,785 $ 13.55 1,160 $ 11,654 $ 10.05 524 $ 11,165 $ 21.29
Lexington-Fayette, KY 2 304 $ 13.63 207 $ 1,837 $ 8.88 191 $ 3,587 $ 18.77
Louisville, KY-IN 1 169 $ 12.04 73 $ 628 $ 8.56 63 $ 1,016 $ 16.07
Kentucky 3 473 $ 13.22 280 $ 2,464 $ 8.80 254 $ 4,602 $ 18.10
Lewiston-Auburn, ME 1 148 $ 4.94 96 $ 418 $ 4.36 27 $ 188 $ 7.05
Maine 1 148 $ 4.94 96 $ 418 $ 4.36 27 $ 188 $ 7.05
Charlotte-Gastonia et al,
NC-SC 4 319 $ 17.23 154 $ 2,099 $ 13.67 128 $ 2,756 $ 21.47
Durham, NC 6 342 $ 10.96 172 $ 1,512 $ 8.78 120 $ 1,688 $ 14.11
Raleigh-Cary, NC 13 1,681 $ 11.50 1,054 $ 8,080 $ 7.67 574 $ 10,642 $ 18.53
Southern Pines-Pinehurst,
NC 1 250 $ 8.29 162 $ 859 $ 5.31 72 $ 1,079 $ 15.02
Wilmington, NC 1 52 $ 11.74 37 $ 300 $ 8.20 13 $ 287 $ 21.38
North Carolina 25 2,645 $ 11.79 1,578 $ 12,850 $ 8.14 908 $ 16,452 $ 18.13
Hilton Head Island-
Beaufort, SC 1 22 $ 15.06 5 $ 45 $ 8.50 14 $ 248 $ 17.49
South Carolina 1 22 $ 15.06 5 $ 45 $ 8.50 14 $ 248 $ 17.49
Page 22
Avg. Avg.
# of
Total
Memphis, TN-MS-AR 6 435 $ 11.12 264 $ 2,279 $ 8.64 127 $ 2,067 $ 16.26
Tennessee 6 435 $ 11.12 264 $ 2,279 $ 8.64 127 $ 2,067 $ 16.26
Total East Region 95 11,025 $ 13.24 6,762 $ 65,013 $ 9.61 3,571 $ 71,846 $ 20.12
Total Retail 311 33,821 $ 13.16 20,386 $ 189,905 $ 9.32 10,529 $ 216,785 $ 20.59
Industrial
West Region
San Diego-Carlsbad et al,
CA 1 145 $ 7.06 66 $ 463 $ 6.98 1 $ 11 $ 12.60
California 1 145 $ 7.06 66 $ 463 $ 6.98 1 $ 11 $ 12.60
Total West Region 1 145 $ 7.06 66 $ 463 $ 6.98 1 $ 11 $ 12.60
Central Region
Austin-Round Rock, TX 6 446 $ 9.71 88 $ 894 $ 10.20 281 $ 2,683 $ 9.55
Dallas-Fort Worth-
Arlington, TX 16 2,454 $ 4.78 1,659 $ 6,915 $ 4.17 547 $ 3,640 $ 6.65
Houston-Baytown-Sugar
Land, TX 31 3,663 $ 5.48 2,755 $ 13,851 $ 5.03 675 $ 4,937 $ 7.32
San Antonio, TX 3 545 $ 5.93 313 $ 1,784 $ 5.69 185 $ 1,175 $ 6.33
Texas 56 7,107 $ 5.52 4,815 $ 23,444 $ 4.87 1,688 $ 12,435 $ 7.36
Total Central Region 56 7,107 $ 5.52 4,815 $ 23,444 $ 4.87 1,688 $ 12,435 $ 7.36
East Region
Lakeland, FL 2 768 $ 4.54 708 $ 3,213 $ 4.54 0 $ 0 $ 0.00
Tampa-St. Petersburg et
al, FL 3 896 $ 4.43 788 $ 3,468 $ 4.40 17 $ 97 $ 5.64
Florida 5 1,665 $ 4.48 1,495 $ 6,682 $ 4.47 17 $ 97 $ 5.64
Atlanta-Sandy Springs et
al, GA 10 1,610 $ 3.75 1,216 $ 4,545 $ 3.74 21 $ 96 $ 4.61
Georgia 10 1,610 $ 3.75 1,216 $ 4,545 $ 3.74 21 $ 96 $ 4.61
Memphis, TN-MS-AR 3 685 $ 2.54 520 $ 1,322 $ 2.54 1 $ 3 $ 4.55
Tennessee 3 685 $ 2.54 520 $ 1,322 $ 2.54 1 $ 3 $ 4.55
Richmond, VA 9 861 $ 4.81 715 $ 3,396 $ 4.75 5 $ 62 $ 13.30
Virginia 9 861 $ 4.81 715 $ 3,396 $ 4.75 5 $ 62 $ 13.30
Total East Region 27 4,820 $ 4.06 3,946 $ 15,944 $ 4.04 43 $ 257 $ 5.95
Total Industrial 84 12,072 $ 4.98 8,827 $ 39,851 $ 4.51 1,733 $ 12,703 $ 7.33
Joint venture properties are reflected at WRI's pro rata share

Occupied SF based on commenced leases
# of properties and GLA differ from property list due to new development properties with no commenced leases and the combining of certain
properties on the property list
Page 23

Property Listing at December 31, 2008
Gross Leasable Area

# of WRI Joint Venture Owned
ALL PROPERTIES BY STATE Properties Owned Share by Other Total
Arizona 25 2,424,408 - 1,191,002 3,615,410
Arkansas 3 357,740 - - 357,740
California 29 3,844,080 859,793 551,304 5,255,177
Colorado 12 1,198,924 1,015,334 1,384,863 3,599,119
Florida 50 7,250,526 2,258,243 1,340,913 10,846,046
Georgia 23 3,395,035 761,743 716,003 4,872,781
Illinois 1 303,566 - - 303,566
Kansas 2 250,855 - - 250,855
Kentucky 4 597,489 - 122,454 719,943
Louisiana 12 1,182,795 435,491 781,925 2,400,211
Maine 1 148,384 49,461 - 197,845
Missouri 2 229,232 28,317 - 257,549
Nevada 12 2,894,975 - 625,737 3,520,712
New Mexico 6 1,019,480 - 396,750 1,416,230
North Carolina 26 2,681,112 163,424 742,374 3,586,910
Oklahoma 2 171,657 - - 171,657
Oregon 3 119,939 90,927 62,600 273,466
South Carolina 1 21,530 64,590 - 86,120
Tennessee 9 1,191,269 671,047 137,740 2,000,056
Texas 163 17,097,880 5,340,380 3,089,187 25,527,443
Utah 4 306,638 60,772 296,357 663,767
Virginia 9 860,643 1,607,139 - 2,467,782
Washington 5 81,877 327,505 198,220 607,602
Grand Total 404 47,630,034 13,734,166 11,637,429 72,997,987
Total Retail 323 35,249,290 8,448,438 11,637,429 55,331,515
Total Industrial 78 12,099,173 5,285,728 - 17,384,901
Total Other 3 281,571 - - 281,571
Footnotes for detail property listing

(1) Denotes partial ownership. The square feet figures represent WRI's proportionate ownership of the property held by the joint venture
or partnership.
(2) Denotes property currently under development.
(3) Denotes properties that are not consolidated for SEC reporting purposes.
(+) Denotes supermarket or discount store offering full service grocery along with general merchandise.
NOTE: Square feet is reflective of area available to be leased. Certain listed properties may have additional square feet under WRI
ownership.
Page 24

Gross Leasable Area
Joint
Owned
Center Location Anchors WRI Foot WRI Venture by
Owned % Notes Owned Share Other Total
Retail
Operating Properties
Arizona
Office Max, PetsMart,
Dysart Rd. at Dollar Tree, Fry’s
McDowell Rd., Supermarket +
Palmilla Center Avondale (O.B.O.) 100.00% 103,568 0 65,574 169,142
PetsMart, Safeway +,
Ross Dress for Less,
Plaza Way at Milton Bed Bath & Beyond,
University Plaza Rd., Flagstaff Dollar Tree 100.00% 165,621 0 0 165,621
Target (O.B.O.),
Warner at Val Vista Staples, Ross Dress
Val Vista Towne Center Rd., Gilbert for Less, Petco 100.00% 93,372 0 123,000 216,372
Borders (O.B.O.),
Sports Authority
(O.B.O.), Toys “R” Us
75th Ave. at W. Bell (O.B.O.), Bed Bath &
Arrowhead Festival S.C. Rd., Glendale Beyond (O.B.O.) 100.00% 29,834 0 146,624 176,458
Broadway Rd. at Fry’s Supermarket +
Fry's Ellsworth Plaza Ellsworth Rd., Mesa (O.B.O.) 100.00% 9,034 0 64,574 73,608
Baseline Rd.
Monte Vista Village Center at Ellsworth Rd., Mesa Safeway + (O.B.O.) 100.00% 45,751 0 58,400 104,151
Target (O.B.O.), Bed
Power Rd. at McKellips Bath & Beyond,
Red Mountain Gateway Rd., Mesa Famous Footwear 100.00% 69,568 0 136,000 205,568
Fry’s Supermarket +,
Camelback at 7th Target (O.B.O.),
Camelback Village Square Avenue, Phoenix Office Max 100.00% 134,494 0 100,000 234,494
Fry’s Supermarket +
Baseline Rd. at 51st (O.B.O.), Home Depot
Laveen Village Market St., Phoenix (O.B.O.) 100.00% 40,025 0 71,619 111,644
35th Avenue at Blockbuster, Fresh N
Rancho Encanto Greenway Rd., Phoenix Easy +, Family Dollar 100.00% 66,837 0 0 66,837
16th Street at Glendale Basha's +,
Squaw Peak Plaza Ave., Phoenix Blockbuster 100.00% 61,060 0 0 61,060
Fry’s Supermarket +,
77th St. at McDowell, Dollar Tree, Lowes
Fountain Plaza Scottsdale (O.B.O.) 100.00% 102,271 0 165,000 267,271
Frank Lloyd Wright
Blvd and Thompson
Peak Parkway, Baja Fresh Mexican
Scottsdale Horizon Scottsdale Grill 100.00% 10,337 0 0 10,337
S. McClintock at E. Basha’s +, Ross
Basha's Valley Plaza Southern, Tempe Dress for Less 100.00% 145,104 0 0 145,104
Broadway at Rural, Office Max, Ace
Broadway Marketplace Tempe Hardware 100.00% 82,757 0 0 82,757
McClintock Dr. at Fry’s Food & Drug +,
Pueblo Anozira Guadalupe Rd., Tempe Petco, Dollar Tree 100.00% 157,309 0 0 157,309
Wal-Mart
Magee Road and Neighborhood
Entrada de Oro Oracle Road, Tucson Market 100.00% 88,685 0 20,406 109,091
Safeway +,
Tanque Verde Rd. and Walgreen's, Ace
Madera Village Catalina Hwy, Tucson Hardware 100.00% 96,732 0 10,594 107,326
Oracle Highway and Kohl's, Sprouts
Oracle Crossings Magee Road, Tucson Farmers Market + 100.00% 243,625 0 10,000 253,625
Wetmore Road and Home Depot,
Oracle Highway, Circuit City, PetSmart,
Oracle Wetmore Tucson Walgreens 100.00% 256,093 0 0 256,093
Osco Drug (O.B.O.),
Tanque Verde Rd. and Carondelet Health
Bear Canyon Rd., Care Corp., Leslie
Shoppes at Bears Path Tucson Pools 100.00% 43,928 0 21,851 65,779
Arizona Total: # of Properties: 21 2,046,005 0 993,642 3,039,647
Arkansas
W. Markham at John Burlington Coat
Markham Square Barrow, Little Rock Factory 100.00% 126,904 0 0 126,904
Office Depot,
Michael’s, Academy,
11400 W. Markham, Bassett Furniture,
Markham West Little Rock Dollar Tree 100.00% 178,210 0 0 178,210
Cantrell at Bryant, Little
Westgate Rock SteinMart 100.00% 52,626 0 0 52,626
Arkansas Total: # of Properties: 3 357,740 0 0 357,740
California
Lakewood Blvd. at Bestway Supermarket
Centerwood Plaza Alondra Dr., Bellflower +, Buck-A-Roos 100.00% 75,500 0 0 75,500
Raley’s +, Ace
IH-780 at Southampton Hardware, Hollywood
Southampton Center Rd., Benecia Video 100.00% 162,390 0 0 162,390
E. Castro Valley at P. W. Supermarkets +,
Hwy. I-580, Castro Petco, 24 Hour
580 Market Place Valley Fitness 100.00% 100,165 0 0 100,165
Chino Hills Pkwy. at Rite Aid, Von’s +, 24
Pipeline Ave., Chino Hour Fitness, Dollar
Chino Hills Marketplace Hills Tree, Ace Hardware 100.00% 309,098 0 0 309,098
Huntington Dr. at
Buena Vista Marketplace Buena Vista St., Duarte Ralph's + 100.00% 90,805 0 0 90,805
T.J. Maxx, Beverages
El Camino Real at Via & More, Staples, Golf
El Camino Promenade Molena, Encinitas Galaxy 100.00% 129,753 0 0 129,753
Raley’s +, NAZ
Paseo Padre Pkwy. at Cinema, 24 Hour
Fremont Gateway Plaza Walnut Ave., Fremont Fitness 100.00% 194,601 0 0 194,601
W. Cleveland Ave. at Food 4 Less + ,
Hallmark Town Center Stephanie Ln., Madera Bally’s 100.00% 85,066 0 0 85,066
Ralph's +, Target
Antelope Rd. at (O.B.O.), Ross Dress
Menifee Town Center Newport Rd., Menifee for Less 100.00% 124,494 0 124,000 248,494
McHenry at Sylvan Marshall’s, Dress
Marshalls Plaza Ave., Modesto Barn, Guitar Center 100.00% 78,752 0 0 78,752
Missouri Flat Rd. at US SaveMart +, Kmart,
Prospectors Plaza Hwy. 50, Placerville Long’s Drug Store 100.00% 228,345 0 0 228,345
Food Maxx +, Target
(O.B.O.), Sports
Authority (O.B.O.),
Churn Creek Rd. at Ashley Furniture
Shasta Crossroads Dana Dr., Redding (O.B.O.) 100.00% 121,334 0 131,468 252,802
Watt Ave. at Whitney
Arcade Square Ave., Sacramento Grocery Outlet + 100.00% 76,497 0 0 76,497
W. El Camino Ave. at Bel Air Market +,
Discovery Plaza Truxel Rd., Sacramento Blockbuster 100.00% 93,398 0 0 93,398
Page 25

Gross Leasable Area
Joint
Owned
Owned
% Notes Owned Share Other Total
Antelope Rd. at
Lichen Dr.,
Summerhill Plaza Sacramento Raley’s + 100.00% 133,614 0 0 133,614
Franklin Boulevard
and Mack Road,
Valley Sacramento Raley's + 100.00% 98,240 0 5,365 103,605
Safeway +,
E. Capital Expressway Walgreen’s,
at Silver Creek Blvd., Orchard Supply
Silver Creek Plaza San Jose (O.B.O.) 100.00% 134,179 0 65,000 199,179
Tully Rd at Quimby
Tully Corners Shopping Center Rd, San Jose Food Maxx +, Petco 10.00% (1)(3) 11,599 104,393 0 115,992
Safeway + (O.B.O.),
Longs Drug Stores
Lewelling Blvd. at (O.B.O.), Big Lots,
Washington Ave., 99 Cents Only,
Greenhouse Marketplace San Leandro Factory 2 U 100.00% 152,095 0 86,569 238,664
San Marcos Blvd. at
Rancho Santa Fe Rd., Von’s +, 24 Hour
Rancho San Marcos Village San Marcos Fitness 100.00% 120,829 0 0 120,829
San Marcos Blvd. at
Rancho Santa Fe Rd., Albertsons +
San Marcos Plaza San Marcos (O.B.O.) 100.00% 35,880 0 45,206 81,086
Stony Point Rd. at Food Maxx +, Wal-
Stony Point Plaza Hwy. 12, Santa Rosa Mart 100.00% 198,528 0 0 198,528
Sunset Ave. at State Albertsons +, Rite
Sunset Center Hwy. 12, Suisun City Aid 100.00% 85,238 0 0 85,238
Alamo Dr. at Nut Raley’s +,
Creekside Center Creek Rd., Vacaville Blockbuster 100.00% 116,229 0 0 116,229
Freedom Blvd. At Rite Aid, Big Lots,
Airport Blvd., Safeway +, Ace
Freedom Centre Watsonville Hardware 100.00% 150,241 0 0 150,241
Albertsons +, Home
Westminster Blvd. at Depot, Edward’s
Golden West St., Cinema, Rite Aid,
Westminster Center Westminster Petco 100.00% 417,870 0 0 417,870
California Total: # of Properties: 26 3,524,740 104,393 457,608 4,086,741

Colorado
PetsMart,
Sportsman
Warehouse, Barnes
& Noble, Ross
Dress For Less,
Super Target +
E. Alameda at I225, (O.B.O.), Pier 1
Aurora City Place Aurora Imports 50.00% (1)(3) 182,642 182,642 182,000 547,283
Safeway + (O.B.O.),
Academy Blvd. at Ross Dress For
Union Blvd., Less, Target
Academy Place Colorado Springs (O.B.O.) 100.00% 84,057 0 177,362 261,419
King Sooper’s +,
NEC 19th St. at West Walgreens, Petco,
Uintah, Colorado Big 5 Sporting
Uintah Gardens Springs Goods 100.00% 212,638 0 0 212,638
Tower Rd. at 48th King Sooper’s +
Green Valley Ranch Towne Center Ave., Denver (O.B.O.) 50.00% (1)(3) 27,503 27,503 58,000 113,006
Super Target +
(O.B.O.), Barnes &
Noble, Office Max,
Michael’s, Pier 1
2nd Ave. at Lowry Imports, Cost Plus,
Lowry Town Center Ave., Denver Linens ‘N Things 50.00% (1)(3) 38,370 38,370 52,700 129,439
Wal-Mart (O.B.O.),
Ross Dress for
S. Santa Fe at Less, Gart Sports,
Hampden Ave., Office Depot, Bally
CityCenter Englewood Englewood Total Fitness, Petco 51.00% (1)(3) 137,977 132,566 90,000 360,543
Target (O.B.O.), Pier
1 Imports, The
Sports Authority,
Midland Ave. at W. Bed Bath &
Meadows, Glenwood Beyond, Petco,
Glenwood Meadows Springs Lowe's 41.00% (1)(3) 110,940 159,646 125,174 395,760
Jordon Rd. at Lincoln
Crossing at Stonegate Ave., Parker King Sooper’s + 51.00% (1)(3) 55,620 53,438 0 109,058
Super Target +
(O.B.O.), Barnes &
Noble, Office Max,
Washington St. at Michael’s, Pier 1
Thorncreek Crossing 120th St., Thornton Imports, Cost Plus 51.00% (1)(3) 108,186 103,944 174,000 386,130
North Federal Blvd. at
72nd Ave., Safeway +,
Westminster Plaza Westminster Walgreens (O.B.O.) 50.00% (1) 48,521 48,521 56,127 153,169
Colorado Total: # of Properties: 10 1,006,454 746,630 915,363 2,668,445
Florida
Glades Rd. at Lyons Ross Dress for
Boca Lyons Rd., Boca Raton Less, Ethan Allen 100.00% 113,689 0 0 113,689
US Highway 19 at Publix+ (Vacant),
Countryside T.J. Maxx, Home
Countryside Centre Boulevard Goods 100.00% 242,123 0 0 242,123
Publix +, Bed Bath
& Beyond, Staples,
Comp USA, Barnes
& Noble, Sports
US Hwy. 19 at Sunset Authority, Old
Sunset 19 Pointe Rd., Clearwater Navy 100.00% 275,910 0 0 275,910
Winn Dixie +,
Sheraton St. at Hiatus Walgreen’s,
Embassy Lakes Rd., Cooper City Tuesday Morning 100.00% 127,900 0 48,214 176,114
Publix +, Bed Bath
US Highway 98 and & Beyond, Ross,
Mid Bay Bridge Rd, Old Navy,
Paradise Key at Kelly Plantation Destin SteinMart 10.00% (1)(3) 27,178 244,599 0 271,777
Best
Buy, Michaels,
34940 Emerald Coast Office Depot,
Shoppes at Paradise Isle Pkwy, Destin PetsMart 25.00% (1)(3) 42,959 128,878 0 171,837
Hollywood Blvd. at
North Park Rd., Publix +, Target,
Hollywood Hills Plaza Hollywood CVS/pharmacy 100.00% 364,714 0 0 364,714
East Eau Gallie
Boulevard,
Indian Harbour Place Indian Harbour Beach Beall's, Publix + 25.00% (1)(3) 40,880 122,641 0 163,521
Bed Bath &
Beyond, Publix +,
Blanding at Argyle T.J. Maxx, Babies
Forest Blvd., “R” Us, Jo-Ann’s
Argyle Village Jacksonville Fabrics, Michael's 100.00% 312,447 0 0 312,447
117th Avenue at T.J. Maxx, Winn
TJ Maxx Plaza Sunset Blvd., Kendall Dixie + 100.00% 161,572 0 0 161,572
Beall’s Department
Stores, Marshall’s,
PetsMart, Bed Bath
& Beyond, Staples,
Michael’s, Target
(O.B.O.),
Ulmerton Rd. at Albertsons +
Largo Mall Seminole Ave., Largo (O.B.O.) 100.00% 374,007 0 197,631 571,638
Page 26

Gross Leasable Area
Joint
Owned
Owned
Atlantic Boulevard
and Rock Island Publix +,
Palm Lakes Plaza Road, Maragate CVS/pharmacy 20.00% (1)(3) 22,750 91,002 0 113,752
Wickham Rd. at Lake
Washington Rd., Publix +, Beall’s
Lake Washington Crossing Melbourne Outlet Stores 25.00% (1)(3) 29,707 89,121 0 118,828
Wickham Rd. at Lake
Washington Rd., Albertsons +,
Lake Washington Square Melbourne Tuesday Morning 100.00% 111,811 0 0 111,811
Kendall Drive and
SW 127th Avenue,
Kendall Corners Miami City Furniture 20.00% (1)(3) 19,303 77,212 0 96,515
South Dixie Highway Publix +, Petco,
and Eureka Drive, Chuck E. Cheese,
South Dade Miami Bed Bath & Beyond 20.00% (1)(3) 43,882 175,530 0 219,412
S.W. 8th St. at S.W. Publix +,
Tamiami Trail Shops 137th Ave., Miami CVS/pharmacy 100.00% 110,867 0 0 110,867
E. Commercial Blvd. Publix +, Petco,
at Dixie Hwy., Ross Dress for Less,
Northridge Oakland Park Anna's Linen 100.00% 236,170 0 0 236,170
Staples, Circuit City,
Babies “R” Us,
Marshall’s, Old
Navy, SteinMart,
E. Colonial Dr. at Barnes & Noble,
Colonial Plaza Primrose Dr., Orlando Petco 100.00% 496,751 0 0 496,751
International Drive
and Touchstone Bed Bath & Beyond,
International Drive Value Center Drive, Orlando Ross, T.J. Maxx 20.00% (1)(3) 37,133 148,531 0 185,664
Beall’s Outlet
Michigan Ave. at Stores, Dollar Tree,
Delaney Ave., Albertsons +
Market at Southside Orlando (O.B.O.) 100.00% 92,328 0 64,627 156,955
Publix +(Vacant),
Stein Mart, Office
Dr. Phillips Boulevard Depot, Home
and Sand Lake Road, Goods, Morton's of
The Marketplace at Dr. Phillips Orlando Chicago 20.00% (1)(3) 65,250 261,000 0 326,250
Semoran Blvd. at
The Shoppes at South Semoran Pershing Ave. Save Rite + 100.00% 101,535 0 0 101,535
T.J. Maxx, Petco,
Shoe Carnival,
SR 50 at Apopka Super Target +
Westland Terrace Plaza Vineland Rd., Orlando (O.B.O.) 100.00% 77,521 0 183,000 260,521
Alafaya Square Alafaya Trail, Oviedo Publix + 20.00% (1)(3) 35,297 141,189 0 176,486
Alafaya Trail at
McCullough Rd., Publix +,
University Palms Oviedo Blockbuster 30.00% (1) 29,752 69,420 0 99,172
East Lake Road and
Tampa Road,
East Lake Woodlands Palm Harbor Publix +, Walgreens 20.00% (1)(3) 28,021 112,082 0 140,103
Hillsboro Boulevard
at State Road #7, BJ's Wholesale Club
Shoppes at Parkland Parkland + 100.00% 152,052 0 0 152,052
Pines Blvd. at Publix +, U.S. Post
Flamingo Rd., Office,
Flamingo Pines Pembroke Pines Keiser College 100.00% 262,761 0 105,350 368,111
University at Pines Publix +, Marshall’s,
Blvd., Pembroke Office Depot, LA
Pembroke Commons Pines Fitness 100.00% 314,401 0 0 314,401
Sheridan St. at SW
196th Ave., Pembroke
Publix at Laguna Isles Pines Publix + 100.00% 69,475 0 0 69,475
Nob Hill Rd. at Cleary Winn Dixie +,
Vizcaya Square Blvd., Plantation Blockbuster 100.00% 112,410 0 0 112,410
Quesada Avenue and
Toledo Blade
Boulevard, Port
Quesada Commons Charlotte Publix + 25.00% (1)(3) 14,722 44,168 0 58,890
Toledo Blade
Boulevard and
Tamiami Trail, Port
Shoppes of Port Charlotte Charlotte Chick-Fil-A 25.00% (1)(3) 978 2,934 0 3,912
Toledo Blade
Boulevard and
Tamiami Trail, Port
Shoppes of Port Charlotte Charlotte Petco 25.00% (1)(3) 10,253 30,758 0 41,011
Circuit City, Sports
Authority, DSW,
Central Florida Marshalls, Old
Greenway and Navy, Petco, Cost
Marketplace at Rinehart Road, Plus, Super Target +
Seminole Towne Center Sanford (O.B.O.) 100.00% 308,751 0 185,000 493,751
Best Buy, Ross,
Us Highway 1 and PetsMart, Ashley
Pineapple Commons Britt Rd., Stuart Furniture 20.00% (1)(3) 49,803 199,211 0 249,014
West Commercial
Drive and NW 91st
Sunrise West Shopping Center Avenue, Sunrise Publix + 25.00% (1)(3) 19,080 57,241 0 76,321
Center Rd. at
Jacaranda Blvd.,
Venice Pines Venice Sweet Bay + 100.00% 97,303 0 0 97,303
Aloma Ave. at Whole Foods
Lakemont Ave., Market +, Outback
Winter Park Corners Winter Park Steakhouse 100.00% 102,397 0 0 102,397
Florida Total: # of Properties: 39 5,135,843 1,995,517 783,822 7,915,182
Georgia
Petco, Office Max,
Books-A-Million,
Cobb Parkway (US Super Target +
Lakeside Marketplace Hwy 41), Acworth (O.B.O.) 100.00% 147,688 0 174,000 321,688
North Point Parkway Bed Bath & Beyond,
Mansell Crossing at Mansell Rd Rooms to Go 20.00% (1)(3) 20,586 82,345 0 102,931
Camp Creek Parkway DSW, American
and Carmla Drive, Signature, LA
Camp Creek Marketplace II Atlanta Fitness 100.00% 196,283 0 0 196,283
Peachtree Road and
Colonial Drive,
Cherokee Plaza Atlanta Kroger + 30.00% (1) 29,566 68,987 0 98,553
Wal-
Mart Supercenter +,
Ashford-Dunwoody Cost Plus, DSW,
Perimeter Village Rd Borders 100.00% 387,755 0 0 387,755
Carmia Drive and
Camp Creek Drive,
Publix at Princeton Lakes Atlanta Publix + 100.00% 68,407 0 0 68,407
East-West Connector
at Austell Rd., Marshall’s, Staples,
Brookwood Square Austell Home Depot 100.00% 253,448 0 0 253,448
US Highway 278 and
Nathan Dean
Dallas Commons Boulevard, Dallas Kroger + (O.B.O.) 100.00% 25,158 0 70,104 95,262
Page 27

Gross Leasable Area
Joint
Owned
Steve Reynolds and
Old North Cross Rd.,
Reynolds Crossing Duluth Kroger + (O.B.O.) 100.00% 45,758 0 70,225 115,983
Thompson Bridge Rd.
Thompson Bridge at Mt. Vernon Rd.,
Commons Gainesville Kroger + 100.00% 92,587 0 0 92,587
Grayson Hwy at
Grayson Commons Rosebud Rd., Grayson Kroger + 100.00% 76,611 0 0 76,611
Sandy Plains at
Sandy Plains Exchange Scufflegrit, Marietta Publix + 100.00% 72,784 0 0 72,784
Brownsville Road and
Hiram-Lithia Springs
Brownsville Commons Road, Powder Springs Kroger + (O.B.O.) 100.00% 27,747 0 54,139 81,886
Woodstock Rd. at Staples, T.J. Maxx,
Hardscrabble Rd., Super Target +
Roswell Corners Roswell (O.B.O.) 100.00% 144,964 0 173,535 318,499
Office Max, Home
Peachtree Parkway at Depot, Bed Bath &
Mathis Airport Rd., Beyond, Super Target
Brookwood Marketplace Suwannee + (O.B.O.) 100.00% 196,134 0 174,000 370,134
Georgia Total: # of Properties: 15 1,785,476 151,332 716,003 2,652,811
Illinois
AJ Wright, Babies
S. Cicero Ave. at W. "R" Us, Food For
Burbank Station 78th St. Less +, Office Max 100.00% 303,566 0 0 303,566
Illinois Total: # of Properties: 1 303,566 0 0 303,566
Kansas
Shawnee Mission
Pkwy. at Quivera Rd., Burlington Coat
Shawnee Village Shawnee Factory 100.00% 135,139 0 0 135,139
Barnes & Noble,
Wanamaker Rd. at S.W. Kohl’s Department
Kohl's 17th St., Topeka Store 100.00% 115,716 0 0 115,716
Kansas Total: # of Properties: 2 250,855 0 0 250,855
Kentucky
Boston at Man O’War,
Millpond Center Lexington Kroger + 100.00% 124,567 0 27,000 151,567
Nicholasville Rd.&
Regency Shopping West Lowry Lane, TJ Maxx, Michael's,
Centre Lexington Kroger (O.B.O) 100.00% 124,486 0 46,044 170,530
Tates Creek at Man O’
Tates Creek War, Lexington Kroger +, Rite Aid 100.00% 179,450 0 0 179,450
Kroger +, PetsMart
(O.B.O.), Factory Card
Festival at Jefferson Outer Loop at Jefferson Outlet, AJ Wright
Court Blvd., Louisville (O.B.O.) 100.00% 168,986 0 49,410 218,396
Kentucky Total: # of Properties: 4 597,489 0 122,454 719,943
Louisiana
Winn Dixie +, Office
Depot,
CVS/pharmacy,
U.S. Hwy. 190 West, Goody’s, Books-A-
Town & Country Plaza Hammond Million, Rent Way 100.00% 226,102 0 0 226,102
Target (O.B.O.), Ross
Manhattan Blvd. at Dress for Less, Stage,
Manhattan Place Gretna Blvd., Harvey K&G Fashion 100.00% 156,215 0 125,400 281,615
Ambassador Caffery at Albertsons + (O.B.O.),
Ambassador Plaza W. Congress, Lafayette Blockbuster 100.00% 0 0 101,950 101,950
Stage, Cost Plus,
Ambassador Caffery at Super Target +
Kaliste Saloom, (O.B.O.), Books A
River Marketplace Lafayette Million 7.80% (1)(3) 13,142 147,100 174,700 334,942
W. Congress at Stage, Graham Central
Westwood Village Bertrand, Lafayette Station 100.00% 141,346 0 0 141,346
Kroger +, Conn’s,
Hwy. 14 at General Burke's Outlet, Anna's
14/Park Plaza Doolittle, Lake Charles Linens, Family Dollar 100.00% 172,068 0 0 172,068
Albertsons +, Kmart,
K-Mart Plaza Ryan St., Lake Charles Stages 50.00% (1)(3) 107,974 107,974 0 215,948
Target (O.B.O.),
Marshall’s (O.B.O.),
Prien Lake Rd. at Ross Dress for Less
Nelson Rd., Lake (O.B.O.), Bed Bath &
Prien Lake Plaza Charles Beyond (O.B.O.) 100.00% 7,743 0 205,375 213,118
Market Basket +,
Ryan at Eddy, Lake Office Depot, Books-
Southgate Charles A-Million 100.00% 170,588 0 0 170,588
County Market +, Citi
Louisville at 19th, Trends, Surplus
Danville Plaza Monroe Warehouse 100.00% 141,380 0 0 141,380
Paris, Robert E. Lee at
Orleans Station Chatham, New Orleans Vacant 100.00% 0 0 0 0
Super Target +
(O.B.O.), Best Buy,
T.J. Maxx,
CVS/pharmacy
70th St. at Youree Dr., (O.B.O), Bed Bath &
University Place Shreveport Beyond 20.40% (1)(3) 46,237 180,417 174,500 401,154
Louisiana Total: # of Properties: 12 1,182,795 435,491 781,925 2,400,211
Maine
Essex at Summit, Staples, Flagship
The Promenade Lewiston Cinemas 75.00% (1) 148,384 49,461 0 197,845
Maine Total: # of Properties: 1 148,384 49,461 0 197,845
Missouri
Page 28

Gross Leasable Area
Joint
Owned
Manchester Rd. at Schnucks +,
Ballwin Plaza Vlasis Dr., Ballwin Michael’s, Sears 100.00% 200,915 0 0 200,915
Hwy 141 at Hwy 30,
Western Plaza Fenton O'Reilly Automotive 50.00% (1)(3) 28,317 28,317 0 56,634
Missouri Total: # of Properties: 2 229,232 28,317 0 257,549
Nevada
Eastern Ave.
at Horizon Ridge
Eastern Horizon Pkwy., Henderson Kmart + (O.B.O.) 100.00% 66,408 0 143,879 210,287
Best Buy, Borders,
Bed Bath & Beyond,
Babies "R" Us, DSW
Shoes, Office Depot,
Old Navy, PetsMart,
Rainbow at Lake Mead Jo-Ann Stores, The
Best in the West Rd., Las Vegas Sports Authority, Ulta 100.00% 436,814 0 0 436,814
Wal-Mart, Ross,
Charleston and Nellis, Office Max, 99 Cents
Charleston Commons Las Vegas Only, PetsMart 100.00% 338,378 0 0 338,378
E. Lake Mead Blvd. at Albertsons +, Sav-On
Civic Ctr. Dr., North Las Drug, Anna's Linens,
College Park S.C. Vegas Lucky's, Factory 2 U 100.00% 167,654 0 0 167,654
Ross Dress for Less
E. Desert Inn Rd. at S. (O.B.O.), Fallas
Eastern Ave., Las Paredes , La Bonita
Francisco Centre Vegas Grocery + 100.00% 116,973 0 31,842 148,815
Sav-On Drug (O.B.O.),
Flamingo Rd. at Albertsons + (O.B.O.),
Maryland Pkwy, Las Toys “R” Us, T.J.
Mission Center Vegas Maxx 100.00% 152,475 0 55,745 208,220
Flamingo Rd. at Smith’s Food +, Dollar
Paradise Marketplace Sandhill, Las Vegas Tree 100.00% 148,713 0 0 148,713
Albertsons +, JC
Penney, Ultimate
Rainbow Blvd. at Electronics, Home
Charleston Blvd., Las Depot, 24 Hour
Rainbow Plaza Vegas Fitness 100.00% 278,416 0 0 278,416
Albertsons +, JC
Penney, Ultimate
Rainbow Blvd. at Electronics, Home
Charleston Blvd., Las Depot, 24 Hour
Rainbow Plaza, Phase I Vegas Fitness 100.00% 136,369 0 0 136,369
Rainbow Blvd. at
Rancho Towne & Charleston Blvd., Las
Country Vegas Smith’s Food + 100.00% 87,367 0 0 87,367
Lowe’s (O.B.O.), Wal-
Mart Supercenter +
(O.B.O.), PetsMart,
Office Depot, Ross
Dress for Less, 99
Tropicana Beltway at Cent Only, Sports
Fort Apache Rd., Las Authority, Pier 1
Tropicana Beltway Vegas Imports 100.00% 246,478 0 394,271 640,749
Tropicana at Jones Smith’s Food +,
Tropicana Marketplace Blvd., Las Vegas Family Dollar 100.00% 142,728 0 0 142,728
Wal-Mart Supercenter
+, Lowe’s, PetsMart,
Charleston Blvd. At Office Depot,
Decatur Blvd., Las Michaels, Anna's
Westland Fair North Vegas Linens 100.00% 576,202 0 0 576,202
Nevada Total: # of Properties: 12 2,894,975 0 625,737 3,520,712
New Mexico
Candelaria Rd. at
Eubank Blvd., Albertsons +, Family
Eastdale Albuquerque Dollar 100.00% 117,623 0 0 117,623
Academy Rd. at
Wyoming Blvd., Whole Foods Market
North Towne Plaza Albuquerque +, Borders 100.00% 104,034 0 0 104,034
Old Navy, Shoe
I-40 at San Mateo, Department,
Pavillions at San Mateo Albuquerque Circuit City, Skechers 100.00% 195,944 0 0 195,944
Staples, PetsMart,
Wal-Mart Supercenter
Coors Bypass Blvd. at +(O.B.O.), Home
Seven Bar Loop Rd., Depot (O.B.O.),
Plaza at Cottonwood Albuquerque Party City 100.00% 84,322 0 334,000 418,322
Academy Rd. at
Northeastern, Wal-Mart Supercenter
Wyoming Mall Albuquerque +, Dollar Tree 100.00% 267,886 0 0 267,886
Albertsons + (O.B.O.),
Sav-On (CVS), Ross
Dress for Less, Office
N. Guadalupe at Paseo Depot, Hastings,
De Vargas de Peralta, Santa Fe United Artists 100.00% 249,671 0 62,750 312,421
New Mexico Total: # of Properties: 6 1,019,480 0 396,750 1,416,230
North Carolina
Capital Blvd. at
Capital Square Huntleigh Dr., Cary Food Lion + 100.00% 143,063 0 0 143,063
Harrison Ave. at Harris Teeter +,
Harrison Pointe Maynard Rd., Cary Staples 100.00% 130,934 0 0 130,934
NC Hwy 55 at Green
High House Crossing Level W. Rd., Cary Harris Teeter + 100.00% 89,997 0 0 89,997
Maynard Rd. at
Northwoods Market Harrison Ave., Cary Food Lion + 100.00% 77,802 0 0 77,802
Cory Parkway at S. R.
Parkway Pointe 1011, Cary Food Lion +, Rite-Aid 100.00% 80,061 0 0 80,061
US 15/501 at Plaza Dr., Lowes Food +,
Chatham Crossing Chapel Hill CVS/pharmacy 25.00% (1)(3) 24,039 72,116 0 96,155
US 15/501 and Plaza Dr.,
Cole Park Plaza Chapel Hill Dollar General 25.00% (1)(3) 20,564 61,694 0 82,258
Galleria Boulevard and Off Broadway Shoes,
Galleria Sardis Road, Charlotte Wal-Mart (O.B.O.) 100.00% 120,542 0 207,602 328,144
Johnston Rd. at
McMullen Creek Pkwy.,
Johnston Road Plaza Charlotte Food Lion+ 100.00% 79,508 0 0 79,508
York Rd. at Steele Creek
Steele Creek Crossing Rd., Charlotte BI-LO +, Rite-Aid 100.00% 77,301 0 0 77,301
Blockbuster, Wal-
Mart Supercenter +
(O.B.O.), Lowes
NWC of Hwy. 49 at I- (O.B.O.), BI-LO +
Whitehall Commons 485, Charlotte (O.B.O.) 100.00% 41,876 0 402,620 444,496
Broad St. at West Main Whole Foods Market
Bull City Market St., Durham + 100.00% 42,517 0 0 42,517
Hillsborough Rd. at Kroger +, Dollar
Durham Festival LaSalle St., Durham General 100.00% 134,295 0 0 134,295
Mineral Springs Rd. at
Wake Forest Rd.,
Mineral Springs Village Durham Food Lion +, Rite-Aid 100.00% 59,859 0 0 59,859
Page 29

Gross Leasable Area
Joint
Owned
Owned
Hwy 98 at Sherron
Ravenstone Commons Rd., Durham Food Lion +, Blockbuster 100.00% 60,424 0 0 60,424
Hwy. 15-501 at
Morganton Rd., Food Lion +, Michael’s,
Pinecrest Plaza Pinehurst Goody’s, Belk’s 100.00% 250,140 0 0 250,140
Avent Ferry Rd. at
Avent Ferry Gorman St., Raleigh Food Lion +, Family Dollar 100.00% 111,650 0 0 111,650
Neuce Rd. at Durant Harris Teeter +, Kohl’s
Falls Pointe Rd., Raleigh (O.B.O.) 100.00% 106,981 0 86,350 193,331
Leesville Rd. at
Leesville Church Rd.,
Leesville Town Centre Raleigh Harris Teeter +, Rite-Aid 100.00% 112,576 0 0 112,576
Little Brier Creek Lane
and Brier Leaf Lane,
Little Brier Creek Raleigh Lowe's Food + (O.B.O.) 100.00% 17,209 0 45,802 63,011
Creedmoor Rd at Lynn
Lynnwood Collection Road, Raleigh Kroger + 100.00% 86,362 0 0 86,362
Kmart, Home Depot, Food
Six Forks Rd. at Lion +, Bed Bath &
Six Forks Station Strickland Rd., Raleigh Beyond, Borders 100.00% 467,270 0 0 467,270
Creedmoor Rd. at
Bridgeport Dr., Harris Teeter +, SteinMart,
Stonehenge Market Raleigh Eckerd’s 100.00% 188,521 0 0 188,521
Forestville Rd. at
Rogers Rd.,
Heritage Station Wake Forest Harris Teeter + 100.00% 68,778 0 0 68,778
North Carolina Total: # of Properties: 24 2,592,269 133,810 742,374 3,468,453
Oklahoma
E. Reno Ave. at N.
Douglas Ave.,
Market Boulevard Midwest City Color Tyme 100.00% 35,765 0 0 35,765
Reno Ave at North
Air Depot, Midwest Office Depot, Big Lots,
Town and Country City Westlake Hardware 100.00% 135,892 0 0 135,892
Oklahoma Total: # of Properties: 2 171,657 0 0 171,657
Oregon
SE 82nd Avenue and
SE Causey Avenue, T.J. Maxx, Winco Foods +
Clackamas Square Portland (O.B.O.) 20.00% (1)(3) 14,828 59,311 62,600 136,739
SE Mcloughlin Blvd &
Oak Grove Market Center Oak Grove Ave Safeway + 100.00% 97,207 0 0 97,207
SW Beaverton-
Hillsdale Hwy and SW
Scholls Ferry Road, Walgreens, New Seasons
Raleigh Hills Plaza Portland Market + 20.00% (1)(3) 7,904 31,616 0 39,520
Oregon Total: # of Properties: 3 119,939 90,927 62,600 273,466
South Carolina
890 William Hilton
Head Pkwy, Hilton
Fresh Market Shoppes Head The Fresh Market + 25.00% (1)(3) 21,530 64,590 0 86,120
South Carolina Total: # of Properties: 1 21,530 64,590 0 86,120
Tennessee
Bartlett Blvd. at Stage Kroger +, Petco, Dollar
Bartlett Towne Center Rd., Bartlett Tree, Shoe Carnival 100.00% 179,364 0 0 179,364
Dexter at N. Kroger +, SteinMart,
Germantown, Marshall’s, Samuels
Commons at Dexter Lake Memphis Furniture and Interior 30.00% (1) 50,087 116,871 0 166,958
Dexter at N. Kroger +, SteinMart,
Commons at Dexter Lake Germantown, Marshall’s, Samuels
Phase II Memphis Furniture and Interior 30.00% (1) 18,461 43,077 0 61,538
Summer at Highland,
Highland Square Memphis Walgreen’s 100.00% 14,490 0 0 14,490
South Mendenahall
Rd. and Sanderlin
Mendenhall Commons Avenue, Memphis Kroger + 30.00% (1) 23,961 55,910 0 79,871
Summer Ave. at Kroger +, Ross Dress for
Summer Center Waring Rd., Memphis Less 100.00% 148,581 0 0 148,581
Tennessee Total: # of Properties: 5 434,944 215,858 0 650,802
Texas
45th Ave. at Bell St., United Supermarket +,
Bell Plaza Amarillo Dollar Tree 15.00% (1) 19,579 110,950 0 130,529
34th St. at Wimberly
Coronado Dr., Amarillo Blockbuster 100.00% 46,829 0 0 46,829
Wolflin Ave. at Office Depot, Sheplers
Wolflin Village Georgia St., Amarillo Western Wear, Talbots 100.00% 153,084 0 0 153,084
Calder at 24th St.,
Calder Beaumont Harmony Science Academy 100.00% 34,641 0 0 34,641
Target (O.B.O.), Anna’s
Eastex Fwy. at Linens, David’s Bridal,
North Park Plaza Dowlen, Beaumont Toys “R” Us (O.B.O.) 50.00% (1)(3) 70,036 70,036 141,329 281,401
Phelan at 23rd St,
Phelan Beaumont Kroger + (O.B.O.) 100.00% 12,000 0 0 12,000
Phelan at 23rd St.,
Phelan West Beaumont Kroger + (O.B.O.) 66.70% (1)(3) 15,552 7,779 58,890 82,221
Calder Ave. at 6th St.,
Southgate Beaumont Control Fluids 100.00% 33,555 0 0 33,555
Dowlen at Phelan,
Westmont Beaumont Talbot’s, Blockbuster 100.00% 98,071 0 0 98,071
Texas at Lincoln Ave., Best Buy, Office Depot,
Lone Star Pavilions College Station Barnes & Noble 100.00% 106,907 0 0 106,907
Academy, Conn’s,
Goody’s, 99 Cents Only,
Loop 336 West at I-45, Petco, Anna's Linens,
Montgomery Plaza Conroe Spec's 100.00% 296,837 0 0 296,837
Page 30

Gross Leasable Area
Joint
Owned
Office Depot,
Marshall’s, H. E. B. +,
(O.B.O.), Target
(O.B.O.), Circuit City,
S. Padre Island Dr. at Old Navy, Hobby
Moore Plaza Staples, Corpus Christi Lobby 100.00% 371,668 0 161,909 533,577
Ayers St. at Horne Rd., CVS/pharmacy, Family
Portairs Corpus Christi Dollar, Beall’s 100.00% 118,233 0 0 118,233
Sports Authority,
Circuit City, PetsMart,
Office Depot, T.J.
SW Loop 820/Interstate Maxx, Albertsons +,
20 at South Hulen St., Home Depot (O.B.O.),
Overton Park Plaza Ft. Worth Anna’s Linens 100.00% 353,302 0 110,000 463,302
Broadway at 59th St.,
Broadway Galveston Big Lots, Family Dollar 15.00% (1) 11,172 63,305 0 74,477
25th St. at Avenue P,
Food King Place Galveston Vacant 100.00% 28,062 0 0 28,062
Randall’s +, Office
Central City Blvd. at Depot, Spec's Liquor,
Galveston Place 61st St., Galveston Palais Royal 100.00% 210,187 0 0 210,187
Citi Trends, Palais
10/Federal I-10 at Federal Royal, Sellers Bros. + 15.00% (1) 19,871 112,601 0 132,472
S. Shepherd at W.
Alabama-Shepherd Alabama Bookstop, PetsMart 100.00% 56,110 0 0 56,110
Spencer Hwy. at Burke Fitness Connections
Bayshore Plaza Rd. (O.B.O.) 100.00% 35,966 0 86,000 121,966
Bellaire Boulevard Bellaire at S. Rice Randall’s + 30.00% (1) 10,524 24,557 0 35,081
N. Braeswood at Belden’s +,
Braeswood Square Chimney Rock Walgreen’s 100.00% 103,336 0 0 103,336
Marshall’s, Barnes &
Westheimer at Post Oak Noble, Old Navy,
Centre at Post Oak Blvd. Grand Lux Café 100.00% 182,070 0 0 182,070
Randall’s +,
SteinMart, Palais
F.M. 1960 at Champions Royal, Cost Plus,
Champions Village Forest Dr. Barnes & Noble 30.00% (1) 115,134 268,645 0 383,779
Kohl's (O.B.O.), Conn
Cullen Place Cullen at Reed Appliances 100.00% 7,316 0 0 7,316
Fiesta +, Family Dollar,
Cullen Plaza Cullen at Wilmington Beauty Empire 15.00% (1) 12,678 71,839 0 84,517
Kroger +, Office
Depot, Babies “R” Us,
F.M. 1960 at Cypress America's Furniture
Cypress Pointe Station Brands (O.B.O.) 100.00% 190,704 0 96,660 287,364
Jack in the Box, CVS
(O.B.O.), US Postal
Eastpark Mesa Rd. at Tidwell Service (O.B.O.) 100.00% 1,576 0 0 1,576
Fiesta +, JPMorgan
Chase Bank, Family
Edgebrook Edgebrook at Gulf Fwy. Dollar 15.00% (1) 11,749 66,575 0 78,324
Fiesta Village Quitman at Fulton Fiesta + 15.00% (1) 4,537 25,712 0 30,249
Fondren/West Airport Fondren at W. Airport Save-A-Lot + 100.00% 56,593 0 0 56,593
Glenbrook Square Telephone Road Kroger +, Blockbuster 15.00% (1) 11,472 65,011 0 76,483
Family Dollar,
Modern City, Citi
Griggs Road Griggs at Cullen Trends 15.00% (1) 12,017 68,097 0 80,114
Harrisburg Plaza Harrisburg at Wayside Fallas Paredes 15.00% (1) 14,016 79,422 0 93,438
Heights Plaza 20th St. at Yale Kroger +, Walgreen’s 100.00% 71,777 0 0 71,777
Kroger +,Conn’s,
Walgreen’s, Michael's
Humblewood Shopping Eastex Fwy. at F.M. (O.B.O.), DSW
Plaza 1960 (O.B.O.) 100.00% 178,837 0 99,000 277,837
Sellers Bros. +, Dollar
I-45/Telephone Rd. Tree, FAMSA, Falles
Center I-45 at Maxwell Street Paredes 15.00% (1) 25,891 146,718 0 172,609
Sellers Bros. +,
Jacinto City Market at Baca CVS/pharmacy 50.00% (1) 24,569 24,569 0 49,138
New Orleans Cajun
Kirby Strip Center Kirby Dr, Houston Restaurant 100.00% 10,000 0 0 10,000
Family Dollar, 99
Cents Only,
LaMichoacana Meat
Lawndale Lawndale at 75th St. Market 15.00% (1) 7,819 44,308 0 52,127
Sellers Bros. +, Fallas
Little York Plaza Little York at E. Hardy Paredes 15.00% (1) 17,603 99,750 0 117,353
Fiesta +, Fallas
Lyons Avenue Lyons at Shotwell Paredes 15.00% (1) 10,144 57,485 0 67,629
Whole Foods Market
Market at Westchase Westheimer at Wilcrest + 100.00% 84,084 0 0 84,084
North Main Square Pecore at N. Main O’Reilly Autoparts 100.00% 18,515 0 0 18,515
T.J. Maxx, Ross Dress
for Less, Staples, Big
Lots, DSW, Half Price
Books, Anna's Linens,
F.M. 1960 at Veterans Hobby Lobby,
North Oaks Memorial Mardels 15.00% (1) 60,710 344,023 0 404,733
Steak & Ale, CiCi’s
North Triangle I-45 at F.M. 1960 Pizza 100.00% 16,060 0 0 16,060
Randall’s +, Office
Depot, Citi Trends,
Northwest Fwy. at W. Anna’s Linens, Dollar
Northbrook Center 34th Tree 100.00% 172,479 0 0 172,479
Target (O.B.O.),
Marshall’s, Babies
Northwest Crossing N.W. Fwy. at Hollister “R” Us, Best Buy 75.00% (1)(3) 137,507 45,836 120,721 304,064
Kroger +, Palais Royal,
Oak Forest W. 43rd at Oak Forest Dollar Tree 100.00% 147,674 0 0 147,674
Sellers Bros. +, Family
Orchard Green Gulfton at Renwick Dollar 100.00% 74,983 0 0 74,983
Randall's /Cypress
Station F.M. 1960 at I-45 Randalls + 100.00% 138,974 0 0 138,974
Randall's /Kings Kingwood Dr. at Lake Randall’s +,
Crossing Houston Pkwy. CVS/pharmacy 30.00% (1) 37,919 88,478 0 126,397
Randall's /Norchester Grant at Jones CVS 100.00% 107,200 0 0 107,200
Richmond Ave. at W. Best Buy (O.B.O.),
Richmond Square Loop 610 Cost Plus 100.00% 35,623 0 58,247 93,870
River Oaks East W. Gray at Woodhead Kroger + 100.00% 71,265 0 0 71,265
Talbot’s, JoS. A.
Bank, Ann Taylor,
River Oaks West W. Gray at S. Shepherd Gap, Barnes & Noble 100.00% 255,978 0 0 255,978
Gerland’s +, Burke’s
Sheldon Forest North North, I-10 at Sheldon Outlet 100.00% 22,040 0 0 22,040
Sheldon Forest South North, I-10 at Sheldon Family Dollar 50.00% (1) 37,670 37,670 0 75,340
Fiesta +, Office Depot,
PetsMart, Ross Dress
S. Main at Old Spanish for Less, Anna’s
Shops at Three Corners Trail Linens, Big Lots 70.00% (1) 172,990 74,139 0 247,129
Page 31

Gross Leasable Area
Joint
Owned
Food-A-Rama +,
Palais Royal,
W. Fuqua at Hiram CVS/pharmacy, Family
Southgate Clark Dollar 15.00% (1) 18,695 105,939 0 124,634
Sellers Bros. +, Family
Spring Plaza Hammerly at Campbell Dollar 15.00% (1) 8,890 50,376 0 59,266
Palais Royal, 99 Cents
Only, Anna's Linens,
Steeplechase Jones Rd. at F.M. 1960 Goodwill Industries 100.00% 194,551 0 99,950 294,501
Seller Bros.+, Spec’s
Stella Link at S. Liquor Warehouse,
Stella Link Braeswood Burke’s Outlet 100.00% 96,396 0 0 96,396
Studemont Studewood at E. 14th St Fiesta + 100.00% 28,466 0 0 28,466
Ten Blalock Square I-10 at Blalock Vacant 100.00% 97,217 0 0 97,217
Village Arcade University at Kirby Gap, Baby Gap 100.00% 57,219 0 0 57,219
Village Arcade-Phase II University at Kirby Talbot’s 100.00% 28,371 0 0 28,371
American Eagle
Outfitters, Banana
Village Arcade-Phase III University at Kirby Republic, Express 100.00% 106,879 0 0 106,879
Randall’s +, Golfsmith,
Palais Royal, Target
Westchase Center Westheimer at Wilcrest (O.B.O.), Petco 100.00% 232,994 0 99,550 332,544
Office Depot, 99 Cents
Westhill Village Westheimer at Hillcroft Only, Anna’s Linens 100.00% 130,562 0 0 130,562
Best Buy, Ross Dress
3200 E. Central Texas for Less, Staples,
Killeen Marketplace Expressway, Killeen Home Depot (O.B.O.) 100.00% 115,203 0 135,934 251,137
Dollar General, La
Marque Fire Dept.
Cedar Bayou Bayou Rd., La Marque (O.B.O.) 100.00% 14,873 0 30,688 45,561
Old Navy, Bed Bath &
Beyond, Best Buy,
Target (O.B.O.), H. E.
Del Mar Blvd. at Hwy. B. + (O.B.O.),
North Creek Plaza I-35, Laredo Marshall’s 100.00% 242,293 0 206,463 448,756
Del Mar Blvd. at
Plantation Centre McPherson Rd., Laredo H. E. B. +, Blockbuster 100.00% 134,919 0 0 134,919
I-45 at F.M. 518, League Kroger +, Spec’s
League City Plaza City Liquor Warehouse 15.00% (1) 19,048 107,942 0 126,990
Loop 289 at Slide Rd., Bed Bath & Beyond,
Central Plaza Lubbock Old Navy, Staples 100.00% 151,196 0 0 151,196
4th St. at University, Hasting’s Records &
Town and Country Lubbock Books 100.00% 30,743 0 0 30,743
Hwy. 59 at Loop 287, Kmart, Ashley
Angelina Village Lufkin Furniture, Conn's 100.00% 248,199 0 0 248,199
Target (O.B.O.),
Mervyn’s (O.B.O.),
Academy, Conn’s,
Expressway 83 at Marshall’s, Office
Las Tiendas Plaza McColl Rd., McAllen Depot 50.00% (1)(3) 143,968 143,968 242,132 530,067
N. 10th St. at Nolana
Northcross Loop, McAllen Barnes & Noble 50.00% (1)(3) 38,196 38,196 0 76,391
1815 10th Street,
Old Navy Building McAllen Old Navy 50.00% (1)(3) 7,500 7,500 0 15,000
S. 10th St. at Houston
South 10th St. HEB St., McAllen H. E. B. + 50.00% (1)(3) 51,851 51,851 0 103,702
Town East Blvd., Babies “R” Us, Family
Independence Plaza Mesquite Dollar 100.00% 179,182 0 0 179,182
SWC Custer Road at Kroger + (O.B.O),
Custer Park Parker Road, Plano Dollar General 100.00% 115,484 0 65,084 180,568
Custer Road at West Albertsons +,
Pitman Corners 15th, Plano Tuesday Morning 100.00% 192,283 0 0 192,283
SteinMart, Old Navy,
Office Depot,
Preston Rd. at Park Marshalls, Babies "R"
Preston Shepard Place Blvd. Us, Borders 20.00% (1)(3) 72,667 290,670 0 363,337
Gillham Circle at
Gillham Circle Thomas, Port Arthur Family Dollar 100.00% 33,134 0 0 33,134
U.S. Hwy. 83 at Bridge H. E. B.+, Beall’s,
Starr Plaza St., Rio Grande City Dollar General 50.00% (1)(3) 88,406 88,406 0 176,812
Office Max, Petco,
I-30 at Market Center Old Navy, Linens ‘N
Rockwall Street, Rockwall Things, Michael’s 100.00% 209,051 0 0 209,051
U.S. Hwy. 90A at Lane Family Dollar, Palais
Rose-Rich Dr., Rosenberg Royal 100.00% 103,385 0 0 103,385
Tom Thumb +
Dalrock Rd. at Lakeview (O.B.O.), Walgreen’s
Lake Pointe Market Center Pkwy., Rowlett (O.B.O.) 100.00% 42,860 0 81,176 124,036
Highway 287 at Bailey
Boswell Towne Center Boswell Rd., Saginaw Albertsons + (O.B.O) 100.00% 26,088 0 61,747 87,835
H. E. B. + (O.B.O.),
Target (O.B.O.),
Barnes & Noble, Act
III Theatres,
Marshall’s, Office
I-10 at DeZavala Rd., Max, SteinMart,
Fiesta Trails San Antonio Petco, Anna’s Linens 100.00% 312,370 0 176,000 488,370
Nacogdoches at New
Oak Park Village Braunfels, San Antonio H. E. B. + 30.00% (1) 19,286 45,001 0 64,287
Bernina New
W. Ave. at Blanco, San Home Sewing Center,
Parliament Square Antonio Anytime Fitness 100.00% 64,950 0 0 64,950
W. Ave. at Blanco, San
Parliament Square II Antonio Incredible Pizza 100.00% 54,541 0 0 54,541
Thousand Oaks Dr. at
Jones Maltsberger Rd., H. E. B. +, Beall’s,
Thousand Oaks San Antonio Tuesday Morning 15.00% (1) 24,432 138,450 0 162,882
Marshall’s,
West Ave. at Blanco Blockbuster, Dollar
Valley View Rd., San Antonio Tree 100.00% 89,859 0 0 89,859
Old Navy, Home
Goods, Marshall’s,
DSW Shoe
Town Center Blvd., Warehouse, Ross
Market at Town Center Sugar Land Dress for Less 100.00% 375,820 0 0 375,820
New Boston at Rehkopf’s Grocery +,
New Boston Road Summerhill, Texarkana Salvation Army 100.00% 97,000 0 0 97,000
6th St. at 9th Ave.,
Island Market Place Texas City Food King + 100.00% 27,277 0 0 27,277
F.M. 1764 at 34th St., Randall’s +, Big Lots
Palmer Plaza Texas City (O.B.O.), Dollar Tree 100.00% 96,526 0 99,980 196,506
S. Broadway at W. 9th
Broadway St., Tyler SteinMart 100.00% 60,400 0 0 60,400
Market Basket +,
Beall’s, Baskin’s,
Crossroads I-10 at N. Main, Vidor Burke’s Outlet 100.00% 115,692 0 0 115,692
Page 32

Gross Leasable Area
Joint
Center Location Anchors WRI Foot WRI Venture Owned by
Owned
Texas Total: # of Properties: 99 9,362,617 3,065,804 2,231,460 14,659,879
Utah
Super Target +
(O.B.O.), Old Navy,
Pier 1 Imports,
Main St. at State St., Dollar Tree, Office
Alpine Valley Center American Fork Depot 33.30% (1)(3) 30,382 60,772 133,500 224,654
West 4700 South at
Redwood Rd., Albertsons +
Taylorsville Town Center Taylorsville (O.B.O.), Rite Aid 100.00% 94,157 0 40,057 134,214
West 7000 South at Albertsons +, Office
S. Redwood Rd., Depot, Target
West Jordan Town Center West Jordan (O.B.O.), Petco 100.00% 182,099 0 122,800 304,899
Utah Total: # of Properties: 3 306,638 60,772 296,357 663,767
Washington
Mukilteo Speedway,
Lincoln Way, and
Highway 99, Food Emporium +,
Mukilteo Speedway Center Lynnwood Bartell Drugs 20.00% (1)(3) 18,055 72,218 0 90,273
Meridian Avenue Jo-Ann Fabric &
East and 132nd Street Craft Store, Safeway
Meridian Town Center East, Puyallup + (O.B.O.) 20.00% (1)(3) 15,533 62,133 65,346 143,012
43rd Avenue
Southwest and Best Buy, Bed Bath
Meridian Street & Beyond, Ross
South Hill Center South, Puyallup Dress for Less 20.00% (1)(3) 26,804 107,216 0 134,020
Rainer Avenue South
and South Charleston
Rainer Square Plaza Street, Seattle Safeway + 20.00% (1)(3) 21,485 85,938 0 107,423
Washington Total: # of Properties: 4 81,877 327,505 65,346 474,728
Industrial
California
Hitachi Transport,
UPS Supply Chain
Solutions, Inc.,
Bose Corp., NYK
Siempre Viva Rd. at Logistics, Eaton
Siempre Viva Business Park Kerns St., San Diego Corporation 20.00% (1)(3) 145,353 581,413 0 726,766
California Total: # of Properties: 1 145,353 581,413 0 726,766
Florida
Rooms to Go,
Amware Pallet
I-4 at County Rd., Services, Publix,
Lakeland Industrial Center Lakeland Star Distribution 100.00% 600,000 0 0 600,000
Carolina Logistics
Services, Inc.,
Acuity Specialty
Interstate Drive and Products Group,
Lakeland Interestate Industrial Kathleen Rd., Inc., Sunrise
Park I Lakeland Medical HHG, Inc. 100.00% 168,400 0 0 168,400
MiTek Industries,
1801 Massaro Blvd., Inc., JK
1801 Massaro Tampa Transportation 100.00% 159,000 0 0 159,000
Old Hopewell Parts Depot, Inc.,
Boulevard and U.S. American Tire
Hopewell Industrial Center Highway 301, Tampa Distributors 100.00% 224,483 0 0 224,483
General Electric,
Hughes Supply,
Interline Brands, GE
Polymershapes,
Tampa East Industrial 1841 Massaro Blvd., Creative Recycling
Portfolio Tampa Systems 100.00% 512,923 0 0 512,923
Florida Total: # of Properties: 5 1,664,806 0 0 1,664,806
Georgia
Atlanta Industrial Georgia Aquarium,
Pkwy. at Atlanta Inc., Cardinal
Atlanta Industrial Park Industrial Dr., Atlanta Logistics Mgmt Co. 100.00% 120,200 0 0 120,200
Target Container
Co., Sanderson
Industries, Inc.,
Recall Secure
Atlanta Industrial Destruction
Pkwy. at Atlanta Services, Inc., GSC
Atlanta Industrial Park II & VI Industrial Dr., Atlanta Packaging 100.00% 382,100 0 0 382,100
Target Container
Co., Sanderson
Industries, Inc.,
Recall Secure
Destruction
Atlanta Industrial Services, Inc.,
Pkwy. at Atlanta Georgia Aquarium,
Atlanta Industrial Parkway Industrial Dr., Atlanta Inc. 100.00% 50,000 0 0 50,000
Fulton Industrial
Blvd. at Camp Creek
Riverview Distribution Center Parkway CHEP USA 100.00% 265,200 0 0 265,200
3700 Southside
Industrial Way, Sears Logistics
Sears Logistics Atlanta Services, Inc. 20.00% (1)(3) 80,511 322,043 0 402,554
Anvil Block Rd and
SouthPark Blvd, American Tire
SouthPark 3075 Atlanta Distributors 100.00% 234,525 0 0 234,525
Lowe Supply, Inc.,
Southside Industrial Mission Produce,
Pkwy at Jonesboro Masco Contractor
Southside Industrial Parkway Rd., Atlanta Services 100.00% 72,000 0 0 72,000
Maxwell Chase
Technologies, LLC,
Camp Creek Parkway Nissei ASB
and Westlake Company, Berlin
Westlake 125 Parkway, Atlanta Packaging 100.00% 154,464 0 0 154,464
Clorox Services
3850-3900 Kennesaw Company, Builders
Kennesaw 75 Prkwy, Kennesaw Specialties, LLC 100.00% 178,467 0 0 178,467
Zurn, Pax
Industries, Inc.,
I-85 at Jimmy Carter Prime Choice
6485 Crescent Drive Blvd., Norcross Properties, Inc. 20.00% (1)(3) 72,092 288,368 0 360,460
Page 33

Gross Leasable Area
Joint
Owned
Owned
Georgia Total: # of Properties: 8 1,609,559 610,411 0 2,219,970
Tennessee
Crowfarn Dr. at Diamond Comic
Getwell Rd., Distributors, Inc, Acorn
Crowfarn Drive Warehouse Memphis International 20.00% (1)(3) 31,770 127,079 0 158,849
Vistar Corporation,
TricorBraun, Quest
Communications
Outland Center Dr., Corporation, Kuehne &
Outland Business Center Memphis Nagel, Inc., Concentra 20.00% (1)(3) 82,028 328,110 0 410,138
Pleasant Hill Rd. at
Shelby Dr., AF Services, Sunnywood
Southpoint I & II Memphis Products, Inc., Wynit 100.00% 570,940 0 0 570,940
Tennessee Total: # of Properties: 3 684,738 455,189 0 1,139,927
Texas
New York Avenue
and Arbrook
Midpoint I-20 Boulevard,
Distribution Center Arlington DHL, INX International 100.00% 253,165 0 0 253,165
American Institute of
Randol Mill Road, Intradermal Cosmetics,
Randol Mill Place Arlington Protech Electronics, Inc. 100.00% 54,639 0 0 54,639
Kramer Ln. at Home Team Pest
Metric Blvd., Defense, MJC Electronics
Braker 2 Business Center Austin Corporation 100.00% 27,359 0 0 27,359
Putnam Dr. at Phoenix – Lamar Corp,
Research Blvd., Apria Healthcare, Inc.,
Corporate Center Park I and II Austin Walgreen Co. 100.00% 119,452 0 0 119,452
Terracon, Inc., Vindicator
Industrial Oaks Technologies,
Oak Hills Industrial Park Blvd., Austin Nanocoolers, Inc. 100.00% 89,858 0 0 89,858
Media Event Concepts,
Metric Blvd. At Inc., Technowood, Inc.,
Centimeter Circle, Aramark, Liant
Rutland 10 Business Center Austin Manufacturing 100.00% 54,000 0 0 54,000
East St. Elmo Rd. at
Woodward St., HJV Associates, Inc., EZ
Southpark A,B,C Austin Corp, Inc., Viko Test Lab 100.00% 78,276 0 0 78,276
Burleson at
Promontory Point Browning Construction
Southpoint Service Center Dr., Austin Co., Ltd. 100.00% 57,667 0 0 57,667
SWC Diplomat Dr.
at McDaniel Dr.,
1625 Diplomat Drive Carrollton Rooftop Systems, Inc. 100.00% 106,140 0 0 106,140
Midway at
Boyington, ProSource, Luxury of
Midway Business Center Carrollton Leather 100.00% 141,246 0 0 141,246
Omega Environmental
Technologies, Dave &
I-35 at Manana, Busters, B&B Graphics
Manana Office Center Dallas Finishing Services 100.00% 223,128 0 0 223,128
Newkirk near N.W. Applied Industrial
Newkirk Service Center Hwy., Dallas Technologies, AWC 100.00% 105,892 0 0 105,892
Northeast Crossing East N.W. Hwy. at Capital Title,
Office/Service Center Shiloh, Dallas Garland Surgery Center 100.00% 78,700 0 0 78,700
N.W. Hwy. at
Northwest Crossing Walton Walker, Corporate Care, Magnum
Office/Service Center Dallas Cable Corp. 100.00% 126,984 0 0 126,984
Consolidated Container
Joseph Hardin Company; Texwood
Redbird Distribution Center Drive, Dallas Industries, L.P. 100.00% 110,839 0 0 110,839
Parkland Health & Hosp
System, BKM Total
Office of Texas, L.P.,
Leston Avenue, Global Industries
Regal Distribution Center Dallas Southwest 100.00% 202,559 0 0 202,559
Weir’s Furniture Village,
Pulaski St. at Irving Inc., Facility Interiors,
Space Center Industrial Park Blvd., Dallas Inc. 100.00% 264,582 0 0 264,582
420 E. Danieldale McGraw Hill Companies,
McGraw Hill Distribution Center Rd, DeSoto Inc. 100.00% 417,938 0 0 417,938
610 and 11th St. Warehouse Loop 610 at 11th St. Prefco Corp. 100.00% 104,975 0 0 104,975
Iron Mountain, Luxury
610 and 11th St. Warehouse Loop 610 at 11th St. Motors 20.00% (1)(3) 48,728 194,914 0 243,642
610/288 Business Park Cannon Street Palmer Logistics 20.00% (1)(3) 59,085 236,341 0 295,426
Weingarten Realty
Beltway 8 at Investors Corporate
Beltway 8 Business Park Petersham Dr. Office 100.00% 157,498 0 0 157,498
Blankenship Building Kempwood Drive Classic Printers 100.00% 59,729 0 0 59,729
Surgeon's Management,
Houston Digital
Dacoma at Directors Instruments, Pioneer
Brookhollow Business Center Row Contract Services 100.00% 133,553 0 0 133,553
Houston Metallurgical
Central Pkwy. at Lab, Inc., Desktop Digital
Central Park Northwest VI Dacoma Printing, Inc. 100.00% 175,348 0 0 175,348
Lucent Technologies,
Inc.,
Central Pkwy. at Houston Graduate School
Central Park Northwest VII Dacoma of Theology 100.00% 103,602 0 0 103,602
Bissonnet at
Crestview Wilcrest Creative Connection 100.00% 8,970 0 0 8,970
Crosspoint Warehouse Crosspoint Foam Enterprises, LLC. 100.00% 72,505 0 0 72,505
Houston Cold Storage Houston Central
Warehouse 7080 Express Lane Industries, Inc. 100.00% 128,752 0 0 128,752
Corporate Care of
Houston, Milwaukee
Jester Plaza Office Service Center West T.C. Jester Electric Tool Corporation 100.00% 100,605 0 0 100,605
Kempwood Dr. at
Kempwood Industrial Blankenship Dr. Pioneer Contract Services 100.00% 113,218 0 0 113,218
Kempwood Dr. at Pioneer Contract
Kempwood Industrial Blankenship Dr. Services, Veritas 20.00% (1)(3) 43,898 175,591 0 219,489
Lathrop St. at
Lathrop Warehouse Larimer St. United D.C., Inc. 20.00% (1)(3) 50,378 201,512 0 251,890
Navigation at N.
Navigation Business Park York Packwell, Inc. 20.00% (1)(3) 47,664 190,657 0 238,321
Loop 610 East at
Northway Park II Homestead Jet Lube, Inc. 20.00% (1)(3) 60,697 242,786 0 303,483
Railwood F Market at U.S. 90 Shell Oil Company 20.00% (1)(3) 60,000 240,000 0 300,000
SIG Southwest, Global
Stainless Supply, Inc.,
Railwood Industrial Park Mesa at U.S. 90 Meridian IQ 100.00% 402,680 0 0 402,680
Page 34

Gross Leasable Area
Joint
Owned
Georgia Gulf, DSC
Railwood Industrial Park Mesa at U.S. 90 Logistics 20.00% (1)(3) 99,531 398,125 0 497,656
Plastic Plus
Awards, Lumber
South Loop Business Park S. Loop at Long Dr. Liquidators 50.00% (1)(3) 46,225 46,225 0 92,450
International
Surface Preparation
Group, Inc.,
Southport Business Park 5 South Loop 610 Sandvik, Inc. 100.00% 160,653 0 0 160,653
Southwest Park II Bioassay
Service Center Rockley Road Laboratory, Inc. 100.00% 67,700 0 0 67,700
Aztec Facility
Stonecrest Business Center Wilcrest at Fallstone Services, Inc. 100.00% 110,641 0 0 110,641
Town &
Country Commerce Center I-10 at Beltway 8 Arizona Tile, Seitel 100.00% 206,000 0 0 206,000
Summers Group,
West 10 Business Center II Wirt Rd. at I-10 Inc. 100.00% 82,658 0 0 82,658
Inter-Tel
West Loop Commerce Center W. Loop N. at I-10 Technologies 100.00% 34,256 0 0 34,256
Aaron’s Office
West-10 Business Center Wirt Rd. at I-10 Furniture 100.00% 102,087 0 0 102,087
Welltec, Inc.,Wood
Group, 3M,
Columbia
Park Row Drive at Analytical Services,
Westgate Service Center Whiteback Dr. Inc. 100.00% 119,786 0 0 119,786
McGraw Hill
Sterling Street and Companies, Inc.,
Statesman Drive, TKS (U.S.A.), Inc.,
Freeport Commerce Center Irving Air Tiger Express 100.00% 50,590 0 0 50,590
Klein Rd. at Plano CK Management,
Central Plano Business Park Pkwy., Plano Inc., Minarik Corp. 100.00% 137,785 0 0 137,785
Interceramic Tile,
Jupiter near Plano Gemaire
Jupiter Service Center Pkwy., Plano Distributors 100.00% 78,480 0 0 78,480
Leggett & Platt,
Inc., The
Volkswagen Store,
Sherman at Phillips, Weingarten
Sherman Plaza Business Park Richardson regional office 100.00% 101,137 0 0 101,137
All-American
Sports, Gell Service
Company, Inc.,
Alamo Downs Goodman
Parkway, San Manufacturing
Interwest Business Park Antonio Company, L.P. 100.00% 219,244 0 0 219,244
Gate Gourmet,
919-981 Isom Road, Gandi Innovations,
Isom Business Park San Antonio Wells Fargo Bank 100.00% 175,200 0 0 175,200
O'Connor O’Connor Road, San Ingersoll Rand, TD
Road Business Park Antonio Industries 100.00% 150,091 0 0 150,091
Fairfield Industries,
13215 N. Promenade Yokagawa,
Freeport Business Center Blvd., Stafford Gurwitch Industries 100.00% 251,385 0 0 251,385
Texas Total: # of Properties: 50 6,637,758 1,926,151 0 8,563,909
Virginia
11900-11998 North
Lakeridge Parkway,
Enterchange at Northlake A Ashland Vacant 100.00% 215,077 0 0 215,077
Handleman
North Lakeridge Company,
Parkway & Northlake International Paper,
Enterchange at Northlake C Park Dr, Ashland Owens & Minor 20.00% (1)(3) 58,623 234,492 0 293,115
2101 Bermuda
Enterchange at Meadowville Hundred Dr, Chester Vacant 20.00% (1)(3) 45,362 181,447 0 226,809
Mazda Motors of
America, Inc.,
Xymid LLC, Central
Enterchange at Walthall A & 1900-1998 Ruffin Mill National-
B Rd, Colonial Heights Gottesman, Inc. 20.00% (1)(3) 121,356 485,424 0 606,780
PSS World
1936-1962 Ruffin Mill Medical, Hill
Enterchange at Walthall C Rd, Colonial Heights Phoenix 20.00% (1)(3) 52,384 209,538 0 261,922
1700-1798 Ruffin Mill Recall, Jim's Formal
Enterchange at Walthall D Rd, Colonial Heights Wear 100.00% 243,782 0 0 243,782
Anderson News,
4800-4890 Eubank LLC, HD Business
Interport Business Center A Road, Richmond LLC, Wyeth 20.00% (1)(3) 89,482 357,930 0 447,412
Mid South Building
Supply, Inc., Alcoa,
4700-4790 Eubank EGL Eagle Global
Interport Business Center B Road, Richmond Logistics, LP 20.00% (1)(3) 23,600 94,400 0 118,000
Sears Home
Improvement
5300-5390 Laburnum Products, Inc.,
Interport Business Center C Ave, Richmond Ferguson 20.00% (1)(3) 10,977 43,908 0 54,885
Virginia Total: # of Properties: 9 860,643 1,607,139 0 2,467,782
Other
Arizona
Campbell Ave. at Endurance Rehab,
North 36th St., Weingarten Realty
Arcadia Biltmore Plaza Phoenix Regional Office 100.00% 21,122 0 0 21,122
Arizona Total: # of Properties: 1 21,122 0 0 21,122
Texas
Hacket Drive at State of Texas,
West Loop 610 Weingarten Realty
1919 North Loop West North Regional Office 100.00% 139,449 0 0 139,449
Weingarten Realty
Investors
Citadel Plaza Citadel Plaza Dr. Corporate Office 100.00% 121,000 0 0 121,000
Texas Total: # of Properties: 2 260,449 0 0 260,449
Total Operating
Properties # of Properties: 374 45,458,933 12,650,710 9,191,441 67,301,080
Page 35

Gross Leasable Area
Joint
Owned
New
Development
Arizona
Bullhead Parkway at
State Route 95,
Mohave Crossroads Bullhead City 100.00% (2) 148,867 0 197,360 346,227
Ray Road at Price Road,
Raintree Ranch Chandler 100.00% (2) 136,230 0 0 136,230
Southern Avenue and
The Shoppes at Signal Butte Road,
Parkwood Ranch Mesa 100.00% (2) 72,184 0 0 72,184
Arizona Total: # of Properties: 3 357,281 0 197,360 554,641
California
Bear Valley Road at
Jess Ranch Parkway,
Jess Ranch Marketplace Apple Valley 50.00% (1)(2)(3) 99,171 99,171 93,696 292,038
Bear Valley Road at
Jess Ranch Parkway,
Jess Ranch Phase III Apple Valley 50.00% (1)(2)(3) 74,816 74,816 0 149,632
California Total: # of Properties: 2 173,987 173,987 93,696 441,670
Colorado
Highway 77 and
River Point at Sheridan
Highway 88, Sheridan 50.00% (1)(2)(3) 43,922 43,922 327,000 414,844
Mississippi at Havana,
The Gardens on Havana Aurora 39.80% (1)(2)(3) 148,548 224,782 142,500 515,830
Colorado Total: # of Properties: 2 192,470 268,704 469,500 930,674
Florida
Clermont Landing U.S. 27 & Steve's Road 55.00% (1)(2)(3) 65,883 53,904 104,175 223,962
East Colonial Dr. at
Maguire Boulevard,
Colonial Landing Orlando 50.00% (1)(2) 131,634 131,634 0 263,267
Epic Village - St. SR 207 at Rolling Hills
Augustine Dr 70.00% (1)(2) 2,544 1,090 53,625 53,625
State Road 100 & Belle
Terre Parkway,
Palm Coast Center Palm Coast 50.00% (1)(2)(3) 76,098 76,098 179,476 331,671
Interstate 4 and Sand
Phillips Crossing Lake Road, Orlando 100.00% (2) 126,808 0 0 126,808
Turkey Lake Rd.,
Phillips Landing Orlando 100.00% (2) 46,910 0 219,815 266,725
Florida Total: # of Properties: 6 449,877 262,726 557,091 1,266,058
North Carolina
Highway 17 and
Surf City Crossing Highway 210, Surf City 75.00% (1)(2) 36,567 12,189 0 48,756
US Hwy 17 & US Hwy
Waterford Village 74/76, Leland 75.00% (1)(2) 52,276 17,425 0 69,701
North Carolina Total: # of Properties: 2 88,843 29,614 0 118,457
Tennessee
Ridgeway Trace Memphis 100.00% (2) 71,587 0 137,740 209,327
Tennessee Total: # of Properties: 1 71,587 0 137,740 209,327
Texas
Claywood Industrial Park Clay at Hollister 100.00% (2) 390,891 0 0 390,891
I-35W and McAlister
Gateway Station Rd., Burleson 70.00% (1)(2) 22,372 9,588 0 31,960
I-30 & Horne Street,
Horne Street Market Fort Worth 100.00% (2) 42,267 0 0 42,267
Nolana Ave and 29th
Market at Nolana St., McAllen 50.00% (1)(2)(3) 13,222 13,222 203,818 230,261
Market at Sharyland U.S. Expressway 83 and
Place Shary Road, Mission 50.00% (1)(2)(3) 47,956 47,956 320,000 415,912
U.S. 77 and 83 at SHFM
North Towne Plaza 802, Brownsville 75.00% (1)(2) 0 0 117,000 117,000
Railwood G Mesa at U.S. 90 50.00% (1)(2)(3) 105,425 105,425 0 210,850
Sharyland Towne Shary Rd. at Hwy. 83,
Crossing Mission 50.00% (1)(2)(3) 172,234 172,234 131,909 476,376
The Shoppes at US Hwy 281 at
Wilderness Oaks Wilderness Oaks 100.00% (2) 0 0 0 0
FM 2920 and Future
Tomball Marketplace 249, Tomball 100.00% (2) 37,189 0 85,000 122,189
151 and Ingram, San
Westover Square Antonio 66.70% (1)(2) 0 0 0 0
Culebra Road and
Westwood Loop, San
Westwood Center Antonio 100.00% (2) 5,500 0 0 5,500
Texas Total: # of Properties: 12 837,056 348,425 857,727 2,043,206
Page 36

Gross Leasable Area
Joint
Utah
Paxton Ave and 400
300 West Retail Center West St 31.80% (1)(2)(3) 0 0 0 0
Utah Total: # of Properties: 1 0 0 0 0
Washington
E. Country Vista Dr. at
N. Liberty Rd.,
Village at Liberty Lake Liberty Lake 50.00% (1)(2)(3) 0 0 132,874 132,874
Washington Total: # of Properties: 1 0 0 132,874 132,874
Total New
Developments # of Properties: 30 2,171,101 1,083,456 2,445,988 5,696,907
Unimproved
Land
Arizona
Lon Adams Rd at
Tangerine Farms Rd,
Marana 464,785
Arizona Total: 464,785
California
Bear Valley Road at Jess
Ranch Parkway Phase II,
Apple Valley (1)(3) 139,392
Bear Valley Road at Jess
Ranch Parkway Phase
III, Apple Valley (1)(3) 448,668
California Total: 588,060
Colorado
Mississippi at Havana,
Aurora (1)(3) 418,717
Colorado Total: 418,717
Florida
Young Pines and Curry
Ford Rd, Orange County 132,422
Florida Total: 132,422
Georgia
NWC South Fulton
Parkway @ Hwy 92,
Union City (1) 3,554,000
Georgia Total: 3,554,000
Louisiana
70th St. at Mansfield
Rd., Shreveport 41,704
Louisiana Total: 41,704
Nevada
SWC Highway 215 at
Decatur, Las Vegas 1,103,810
Nevada Total: 1,103,810
North Carolina
US Hwy 17 & US Hwy
74/76, Leland (1) 362,419
Creedmoor (Highway 50)
and Crabtree Valley
Avenue, Raleigh 576,000
U.S. 15-501 and Bruce
Wood Rd, Southern
Pines 1,047,000
Highway 17 and
Highway 210, Surf City (1) 1,590,811
U.S. Highway 1 at
Caveness Farms Rd.,
Wake Forest 3,479,317
North Carolina Total: 7,055,547
Texas
Rock Prairie Rd. at Hwy.
6, College Station 3,570,178
River Pointe Drive at
Interstate 45, Conroe 118,483
Leslie Rd. at Bandera
Rd., Helotes 75,000
Bissonnet at Wilcrest,
Houston 84,629
Citadel Plaza at 610
North Loop, Houston 137,000
East Orem 122,000
Page 37

Gross Leasable Area
Joint
Owned
Kirkwood at Dashwood
Drive, Houston 322,000
Mesa Road at Tidwell,
Houston 35,898
Northwest Freeway at
Gessner, Houston 213,292
West Little York at
Interstate 45, Houston 161,000
West Loop North at
Interstate 10, Houston 145,000
Shary Rd. at North Hwy.
83, Mission (1)(3) 1,607,364
Shaver at Southmore,
Pasadena 17,000
9th Ave. at 25th St., Port
Arthur 243,000
Culebra Road and
Westwood Loop, San
Antonio 403,366
FM 1957 (Pontranco
Road) and FM 211, San
Antonio (1) 8,656,243
Highway 3 at Highway
1765, Texas City 201,000
FM 2920 and Highway
249, Tomball 363,944
Texas Total: 16,476,397
Total Unimproved
Land 29,835,442
Page 38

WEINGARTEN REALTY INVESTORS /TX/ 8-K (Events or Changes Between Quarterly Reports) 2009-02-24

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Date of report (Date of earliest event reported): February 20, 2009

WEINGARTEN REALTY INVESTORS

Texas 1-9876 74-1464203

2600 Citadel Plaza Drive, Suite 300, Houston, Texas 77008

Registrant's telephone number, including area code: (713) 866-6000

Item 2.02. Results of Operations and Financial Condition.

Item 9.01. Financial Statements and Exhibits.

99.2 Supplemental Financial Information.

Date: February 24, 2009

WEINGARTEN REALTY INVESTORS

By: /s/ Joe D. Shafer

99.2 Supplemental Financial Information.

Information: Kristin Gandy, Director of Investor Relations, Phone: (713) 866-6050

Weingarten Realty Announces Fourth Quarter and

The quarter included several highlights, including the following:

• In October the Company issued $100 million of new common equity,

Balance Sheet Strength

Conference Call Information

About Weingarten Realty Investors

Three Months Ended Twelve Months Ended

Funds from Operations:

December 31, December 31,

Debt $ 3,171,537 $ 3,165,059

Commitments and Contingencies 41,000

Minority Interest 204,031 96,885

Preferred Shares of Beneficial Interest 8 8

Weingarten Realty Investors

Three Months Twelve Months

Gain on Redemption of Convertible Senior Unsecured Notes (0.13) (0.13)

Impairment Loss, net of taxes 0.54 0.54

Write-off of Predevelopment Costs, net of taxes 0.16 0.20

Reduction of Incentive Compensation Accrual (0.04) (0.05)

Gain on Swap Settlement - (0.03)

Redemption Costs of Preferred G Shares - 0.02

Hurricane Ike Costs - 0.02

Severance Costs 0.02 0.03

Losses on Assets Held in Grantor Trust 0.03 0.06

Supplemental Financial Information

Table of Contents Page No.

2600 Citadel Plaza Drive

New York Stock Exchange:

Weingarten Realty Investors

Three Months Ended

Weingarten Realty Investors

Property $ 4,915,472 $ 4,972,344

LIABILITIES AND SHAREHOLDERS' EQUITY

Debt $ 3,171,537 $ 3,165,059

Commitments and Contingencies 41,000

Minority Interest 204,031 96,885

Weingarten Realty Investors

Three Months Ended Twelve Months Ended

Growth in Funds from Operations per Share - Diluted -82.1% -20.3%

General and Administrative Expenses

Net Operating Income *

Weingarten Realty Investors

Three Months Twelve Months

Gain on Redemption of Convertible Senior Unsecured Notes (0.13) (0.13)

Impairment Loss, net of taxes 0.54 0.54

Write-off of Predevelopment Costs, net of taxes 0.16 0.20

Reduction of Incentive Compensation Accrual (0.04) (0.05)

Gain on Swap Settlement - (0.03)

Redemption Costs of Preferred G Shares - 0.02

Hurricane Ike Costs - 0.02