EX-99.2 3 ex99-2.htm EXHIBIT 99.2 Exhibit 99.2
                 
EXHIBIT 99.2
                       
                       
                       
                       
                       
                       
                       
                       
   
 
                 
                       
                       
                       
                       
                       
                       
                       
                       
                       
Supplemental Financial Information
June 30, 2006
(Unaudited)
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       


 
 

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


 
 

Corporate Profile
                   
                       
                       
                       
Weingarten Realty Investors is an unincorporated trust organized under the Texas Real Estate Investment Trust Act
   
that, through its predecessor entity, began the ownership and development of shopping centers and other commercial
   
real estate in 1948. As of June 30, 2006, we owned or operated under long-term leases, interests in 350
     
developed income-producing properties and ten properties that are in various stages of development, which are
   
located in 21 states that span the southern half of the United States from coast to coast. Included in the portfolio are
   
295 shopping centers and 65 industrial projects. Our interests in these properties aggregated approximately 48.3
   
million square feet of building area. Our properties were 93.7% leased as of June 30, 2006, and historically our
   
portfolio occupancy rate has never been below 90%.
                 
                       
Corporate Office
                   
                       
 
2600 Citadel Plaza Drive
                   
 
P. O. Box 924133
                   
 
Houston, TX 77292-4133
                   
 
713-866-6000
                   
 
www.weingarten.com
                   
                       
                       
Regional Offices
                   
                       
 
Atlanta, GA
                   
 
Austin, TX
                   
 
Dallas, TX
                   
 
Denver, CO (Miller Weingarten)
                   
 
Ft. Lauderdale, FL
                   
 
Las Vegas, NV
                   
 
Los Angeles, CA
                   
 
Orlando, FL
                   
 
Phoenix, AZ
                   
 
Raleigh, NC
                   
 
Sacramento, CA
                   
                       
                       
                       
                       
Stock Listings
                   
                       
New York Stock Exchange:
                   
 
Common Shares
WRI
                 
 
Series D Preferred Shares
WRIPrD
                 
 
Series E Preferred Shares
WRIPrE
                 
                       

Page 1

 
 

Weingarten Realty Investors
 
Statements of Consolidated Income
 
(in thousands, except per share amounts)
 
(as reported)
 
   
                                   
                                   
                                   
   
Three Months Ended
 
Six Months Ended
                 
   
June 30,
 
June 30,
 
Twelve Months Ended December 31,
 
   
2006
 
2005
 
2006
 
2005
 
2005
 
2004
 
2003
 
2002
 
                                   
Revenues:
                                 
Rentals
 
$
138,265
 
$
127,855
 
$
273,204
 
$
252,945
 
$
516,473
 
$
464,040
 
$
376,813
 
$
323,609
 
Other
   
1,336
   
2,933
   
3,545
   
3,708
   
6,462
   
8,564
   
6,771
   
4,842
 
 Total
   
139,601
   
130,788
   
276,749
   
256,653
   
522,935
   
472,604
   
383,584
   
328,451
 
                                                   
Expenses:
                                                 
Depreciation and amortization
   
32,045
   
29,714
   
63,677
   
58,382
   
120,836
   
107,407
   
84,354
   
68,861
 
Operating
   
21,919
   
18,474
   
41,201
   
36,829
   
79,099
   
73,783
   
59,842
   
50,376
 
Ad valorem taxes
   
16,331
   
15,056
   
32,363
   
30,016
   
59,930
   
52,917
   
42,623
   
38,940
 
General and administrative
   
5,648
   
4,522
   
11,003
   
8,769
   
17,379
   
16,122
   
13,820
   
11,148
 
Impairment loss
                                      
3,550
               
 Total
   
75,943
   
67,766
   
148,244
   
133,996
   
277,244
   
253,779
   
200,639
   
169,325
 
                                                   
Operating Income
   
63,658
   
63,022
   
128,505
   
122,657
   
245,691
   
218,825
   
182,945
   
159,126
 
Interest Expense
   
(34,741
)
 
(32,287
)
 
(69,178
)
 
(63,323
)
 
(130,761
)
 
(117,096
)
 
(90,269
)
 
(67,171
)
Interest and Other Income
   
579
   
109
   
2,046
   
428
   
2,868
   
1,390
   
1,569
   
1,054
 
Loss on Redemption of Preferred Shares
                                 
(3,566
)
 
(2,739
)
     
Equity in Earnings of Joint Ventures, net (a)
   
4,547
   
1,619
   
8,613
   
2,893
   
6,610
   
5,384
   
4,681
   
3,930
 
Income Allocated to Minority Interests
   
(1,644
)
 
(1,745
)
 
(3,301
)
 
(3,145
)
 
(6,060
)
 
(4,928
)
 
(2,723
)
 
(3,553
)
Gain on Sale of Properties
   
47
   
22,006
   
137
   
21,979
   
22,306
   
1,535
   
714
   
188
 
Gain on Land and Merchant Development Sales
               
1,676
         
804
                   
Provision for Income Taxes
   
371
          
(148
)
                                      
 Income From Continuing Operations
   
32,817
   
52,724
   
68,350
   
81,489
   
141,458
   
101,544
   
94,178
   
93,574
 
Operating Income From Discontinued Operations
   
1,339
   
3,654
   
3,367
   
7,336
   
12,736
   
14,954
   
16,063
   
18,821
 
Gain on Sale of Properties From Discontinued Operations
   
56,110
   
13,827
   
73,158
   
17,942
   
65,459
   
24,883
   
6,039
   
19,472
 
 Income From Discontinued Operations
   
57,449
   
17,481
   
76,525
   
25,278
   
78,195
   
39,837
   
22,102
   
38,293
 
Net Income
   
90,266
   
70,205
   
144,875
   
106,767
   
219,653
   
141,381
   
116,280
   
131,867
 
Preferred Share Dividends
   
(2,525
)
 
(2,526
)
 
(5,050
)
 
(5,051
)
 
(10,101
)
 
(7,470
)
 
(15,912
)
 
(19,756
)
Redemption Cost of Series A Preferred Shares
                                             
(2,488
)
      
Net Income Available to Common Shareholders
 
$
87,741
 
$
67,679
 
$
139,825
 
$
101,716
 
$
209,552
 
$
133,911
 
$
97,880
 
$
112,111
 
Net Income Per Common Share - Basic
 
$
0.98
 
$
0.76
 
$
1.56
 
$
1.14
 
$
2.35
 
$
1.55
 
$
1.24
 
$
1.44
 
Net Income Per Common Share - Diluted
 
$
0.95
 
$
0.74
 
$
1.53
 
$
1.12
 
$
2.31
 
$
1.54
 
$
1.24
 
$
1.43
 
                                                   
                                                   
(a) See Page 8 for the Company's prorata share of the operating results of its unconsolidated joint ventures.
 
 

 
Page 2

 
 

Weingarten Realty Investors
 
Consolidated Balance Sheets
 
(in thousands, except per share amounts)
 
(as reported)
 
   
           
           
   
June 30,
 
December 31,
 
   
2006
 
2005
 
ASSETS
         
           
Property
 
$
4,114,530
 
$
4,033,579
 
Accumulated Depreciation
   
(695,979
)
 
(679,642
)
Property - net
   
3,418,551
   
3,353,937
 
               
Investment in Real Estate Joint Ventures (a)
   
94,900
   
84,348
 
Total
   
3,513,451
   
3,438,285
 
               
Notes Receivable from Real Estate Joint Ventures and Partnerships
   
20,467
   
42,195
 
Unamortized Debt and Lease Costs
   
96,791
   
95,616
 
Accrued Rent and Accounts Receivable (net of allowance for doubtful
             
accounts of $4,985 in 2006 and $4,673 in 2005)
   
50,273
   
60,905
 
Cash and Cash Equivalents
   
132,858
   
42,690
 
Restricted Deposits and Mortgage Escrows
   
13,550
   
11,747
 
Other
   
70,598
   
46,303
 
Total
 
$
3,897,988
 
$
3,737,741
 
               
LIABILITIES AND SHAREHOLDERS' EQUITY
             
               
Debt
 
$
2,373,399
 
$
2,299,855
 
Accounts Payable and Accrued Expenses
   
100,059
   
102,143
 
Other
   
120,815
   
102,099
 
Total
   
2,594,273
   
2,504,097
 
               
Minority Interest
   
84,913
   
83,358
 
               
Commitments and Contingencies
             
             
Shareholders' Equity:
             
Preferred Shares of Beneficial Interest - par value, $.03 per share;
             
shares authorized: 10,000
             
6.75% Series D cumulative redeemable preferred shares of
             
beneficial interest; 100 shares issued and outstanding
             
in 2006 and 2005; liquidation preference $75,000
   
3
   
3
 
6.95% Series E cumulative redeemable preferred shares of
             
beneficial interest; 29 shares issued and outstanding in 2006
             
and 2005; liquidation preference $72,500
   
1
   
1
 
Common Shares of Beneficial Interest - par value, $.03 per share;
             
shares authorized: 150,000; shares issued and outstanding:
             
89,705 in 2006 and 89,403 in 2005
   
2,700
   
2,686
 
Additional Paid in Capital
   
1,293,826
   
1,288,432
 
Accumulated Dividends in Excess of Net Income
   
(76,321
)
 
(132,786
)
Accumulated Other Comprehensive Loss
   
(1,407
)
 
(8,050
)
Shareholders' Equity
   
1,218,802
   
1,150,286
 
Total
 
$
3,897,988
 
$
3,737,741
 
               
               
(a) This represents the Company's investment of its unconsolidated joint ventures. See page 8 for additional information.
     

Page 3

 
 

Weingarten Realty Investors
 
Statements of Consolidated Income at Prorata Share
 
(in thousands, except per share amounts)
 
                                   
                           
   
Three Months Ended
 
Six Months Ended
                 
   
June 30,
 
June 30,
 
Twelve Months Ended December 31,
 
   
2006
 
2005
 
2006
 
2005
 
2005
 
2004
 
2003
 
2002
 
                                   
Revenues:
                                 
Rentals
 
$
140,001
 
$
129,023
 
$
276,538
 
$
254,620
 
$
520,737
 
$
465,567
 
$
377,358
 
$
328,038
 
Other
   
1,489
   
2,994
   
3,748
   
3,846
   
6,624
   
8,317
   
6,950
   
4,944
 
 Total
   
141,490
   
132,017
   
280,286
   
258,466
   
527,361
   
473,884
   
384,308
   
332,982
 
                                                   
Expenses:
                                                 
Depreciation and amortization
   
32,307
   
29,798
   
64,116
   
58,448
   
120,945
   
107,118
   
82,775
   
69,069
 
Operating
   
21,904
   
18,540
   
41,262
   
36,779
   
78,891
   
73,656
   
59,691
   
50,567
 
Ad valorem taxes
   
16,423
   
15,150
   
32,568
   
30,213
   
60,255
   
52,964
   
42,779
   
39,454
 
General and administrative
   
5,660
   
4,545
   
11,027
   
8,802
   
17,436
   
16,125
   
13,821
   
11,145
 
Impairment loss
                                      
3,550
               
 Total
   
76,294
   
68,033
   
148,973
   
134,242
   
277,527
   
253,413
   
199,066
   
170,235
 
                                                   
 
                                                 
Operating Income
   
65,196
   
63,984
   
131,313
   
124,224
   
249,834
   
220,471
   
185,242
   
162,747
 
Interest Expense
   
(34,829
)
 
(32,031
)
 
(68,985
)
 
(62,758
)
 
(129,790
)
 
(115,357
)
 
(89,945
)
 
(68,981
)
Interest and Other Income
   
904
   
267
   
2,651
   
828
   
3,641
   
2,553
   
3,622
   
3,266
 
Loss on Redemption of Preferred Shares
                                 
(3,566
)
 
(2,739
)
     
Income Allocated to Minority Interests
   
(1,369
)
 
(1,289
)
 
(2,768
)
 
(2,573
)
 
(5,218
)
 
(3,990
)
 
(3,236
)
 
(3,720
)
Gain on Sale of Properties
   
2,544
   
21,793
   
4,195
   
21,768
   
22,102
   
1,433
   
1,234
   
262
 
Gain on Land and Merchant Development Sales
               
2,092
         
889
                   
Provision for Income Taxes
   
371
          
(148
)
                                  
 Income From Continuing Operations
   
32,817
   
52,724
   
68,350
   
81,489
   
141,458
   
101,544
   
94,178
   
93,574
 
Operating Income From Discontinued Operations
   
1,339
   
3,654
   
3,367
   
7,336
   
12,736
   
14,954
   
16,063
   
18,821
 
Gain on Sale of Properties From Discontinued Operations
   
56,110
   
13,827
   
73,158
   
17,942
   
65,459
   
24,883
   
6,039
   
19,472
 
 Income From Discontinued Operations
   
57,449
   
17,481
   
76,525
   
25,278
   
78,195
   
39,837
   
22,102
   
38,293
 
Net Income
   
90,266
   
70,205
   
144,875
   
106,767
   
219,653
   
141,381
   
116,280
   
131,867
 
Preferred Share Dividends
   
(2,525
)
 
(2,526
)
 
(5,050
)
 
(5,051
)
 
(10,101
)
 
(7,470
)
 
(15,912
)
 
(19,756
)
Redemption Cost of Series A Preferred Shares
                                             
(2,488
)
      
Net Income Available to Common Shareholders
 
$
87,741
 
$
67,679
 
$
139,825
 
$
101,716
 
$
209,552
 
$
133,911
 
$
97,880
 
$
112,111
 
Net Income Per Common Share - Basic
 
$
0.98
 
$
0.76
 
$
1.56
 
$
1.14
 
$
2.35
 
$
1.55
 
$
1.24
 
$
1.44
 
Net Income Per Common Share - Diluted
 
$
0.95
 
$
0.74
 
$
1.53
 
$
1.12
 
$
2.31
 
$
1.54
 
$
1.24
 
$
1.43
 
                                                   
Note:
                                                 
Prorata financial information is not, and is not intended to be, a presentation in accordance with generally accepted accounting principles.
The Statements of Consolidated Income at Prorata Share include the real estate operations of joint ventures at WRI's ownership percentages
ranging from 20% to 75% except for the operations of down-reit partnerships, which are included at 100%.

Page 4

 
 

Weingarten Realty Investors
 
Consolidated Balance Sheets at Prorata Share
 
(in thousands, except per share amounts)
 
   
           
           
   
June 30,
 
December 31,
 
   
2006
 
2005
 
ASSETS
         
           
Property
 
$
4,195,545
 
$
4,098,780
 
Accumulated Depreciation
   
(696,979
)
 
(682,102
)
Property - net
   
3,498,566
   
3,416,678
 
               
Notes Receivable from Real Estate Joint Ventures and Partnerships
   
25,037
   
32,958
 
Unamortized Debt and Lease Costs
   
99,648
   
97,387
 
Accrued Rent and Accounts Receivable (net of allowance for doubtful
             
accounts of $5,560 in 2006 and $4,977 in 2005)
   
49,102
   
59,838
 
Cash and Cash Equivalents
   
145,299
   
54,878
 
Restricted Deposits and Mortgage Escrows
   
13,923
   
11,082
 
Other
   
73,099
   
49,455
 
 Total
 
$
3,904,674
 
$
3,722,276
 
               
               
LIABILITIES AND SHAREHOLDERS' EQUITY
             
               
Debt
 
$
2,392,170
 
$
2,288,145
 
Accounts Payable and Accrued Expenses
   
98,497
   
101,616
 
Other
   
116,951
   
100,826
 
 Total
   
2,607,618
   
2,490,587
 
               
Minority Interest
   
78,254
   
81,403
 
               
Commitments and Contingencies
             
               
Shareholders' Equity:
             
Preferred Shares of Beneficial Interest - par value, $.03 per share;
             
shares authorized: 10,000
             
6.75% Series D cumulative redeemable preferred shares of
             
beneficial interest; 100 shares issued and outstanding
             
in 2006 and 2005; liquidation preference $75,000
   
3
   
3
 
6.95% Series E cumulative redeemable preferred shares of
             
beneficial interests; 29 shares issued and outstanding in 2006
             
and 2005; liquidation preference $72,500
   
1
   
1
 
Common Shares of Beneficial Interest - par value, $.03 per share;
             
shares authorized: 150,000; shares issued and outstanding:
             
89,705 in 2006 and 89,403 in 2005
   
2,700
   
2,686
 
Additional Paid in Capital
   
1,293,826
   
1,288,432
 
Accumulated Dividends in Excess of Net Income
   
(76,321
)
 
(132,786
)
Accumulated Other Comprehensive Loss
   
(1,407
)
 
(8,050
)
 Shareholders' Equity
   
1,218,802
   
1,150,286
 
 Total
 
$
3,904,674
 
$
3,722,276
 
               
               
Note:
             
Prorata financial information is not, and is not intended to be, a presentation in accordance with generally accepted accounting principles.
The Consolidated Balance Sheets at Prorata Share include the real estate operations of joint ventures at WRI's ownership percentages
ranging from 20% to 75% except for the operations of down-reit partnerships, which are included at 100%.

Page 5

 
 
Weingarten Realty Investors
 
Summary Operating Data
 
(in thousands, except per share amounts)
 
                     
                     
   
 Three Months Ended
 
 Six Months Ended
 
   
 June 30,
 
 June 30,
 
   
 2006
 
2005
 
 2006
 
2005
 
Funds from Operations
                   
Numerator:
                   
Net income available to common shareholders
 
$
87,741
 
$
67,679
 
$
139,825
 
$
101,716
 
Depreciation and amortization
   
30,617
   
29,447
   
61,075
   
57,759
 
Depreciation and amortization of unconsolidated joint ventures
   
1,106
   
939
   
2,124
   
1,843
 
Gain on sale of properties
   
(56,157
)
 
(35,622
)
 
(73,299
)
 
(39,713
)
(Gain) loss on sale of properties of unconsolidated joint ventures
   
(2,497
)
 
2
   
(4,054
)
 
3
 
Funds from Operations - Basic
   
60,810
   
62,445
   
125,671
   
121,608
 
Funds from operations attributable to operating
                         
partnership units
   
2,355
   
2,161
   
4,727
   
4,234
 
Funds from Operations - Diluted
 
$
63,165
 
$
64,606
 
$
130,398
 
$
125,842
 
                           
Denominator:
                         
Weighted average shares outstanding - Basic
   
89,519
   
89,178
   
89,446
   
89,150
 
Effect of dilutive securities:
                         
Share options and awards
   
854
   
949
   
905
   
943
 
Operating partnership units
   
3,160
   
3,043
   
3,151
   
3,025
 
Weighted average shares outstanding - Diluted
   
93,533
   
93,170
   
93,502
   
93,118
 
                           
Funds from Operations per Share - Basic
 
$
0.68
 
$
0.70
 
$
1.40
 
$
1.36
 
                           
Funds from Operations Per Share - Diluted
 
$
0.68
 
$
0.69
 
$
1.39
 
$
1.35
 
                           
Growth in Funds from Operations per Share - Diluted
         
-1.4
%
       
3.0
%
                           
                           
Dividends
                         
Common Dividends per Share
 
$
0.465
 
$
0.440
 
$
0.930
 
$
0.880
 
                           
Common Dividends Paid as a % of Funds from Operations
   
68.6
%
 
62.9
%
 
66.3
%
 
64.5
%
                           
                           
General and Administrative Expenses *
                         
General and Administrative Expenses/Total Revenue
   
4.0
%
 
3.4
%
 
3.9
%
 
3.4
%
                           
General and Administrative Expenses/Total Assets before Depreciation
   
0.12
%
 
0.11
%
 
0.24
%
 
0.21
%
                           
                           
Net Operating Income *
                         
Same Property NOI Growth: **
                         
Retail
   
1.2
%
 
4.9
%
 
2.9
%
 
4.3
%
Industrial
   
3.7
%
 
2.7
%
 
4.4
%
 
2.3
%
Total
   
1.4
%
 
4.7
%
 
3.0
%
 
4.0
%
                           
                           
* Includes the Company's share of unconsolidated joint ventures and excludes its partners' share of consolidated joint ventures ("Prorata Share").
                           
** Same Property NOI Growth excludes the effect of lease cancellation income.
                           
The National Association of Real Estate Investment Trusts defines funds from operations as net income (loss) available to common shareholders computed in accordance with generally accepted accounting principles, excluding gains or losses from sales of real estate assets and extraordinary items, plus depreciation and amortization of operating properties, including our share of unconsolidated partnerships and joint ventures. We calculate FFO in a manner consistent with the NAREIT definition.
We believe FFO is an appropriate supplemental measure of operating performance because it helps investors compare our operating performance relative to other REITs. Management also uses FFO as a supplemental measure to conduct and evaluate our business because there are certain limitations associated with using GAAP net income by itself as the primary measure of our operating performance. Historical cost accounting for real estate assets in accordance with GAAP implicitly assumes that the value of real estate assets diminishes predictably over time.
Since real estate values instead have historically risen or fallen with market conditions, management believes that the presentation of operating results for real estate companies that uses historical cost accounting is insufficient by itself. There can be no assurance that FFO presented by us is comparable to similarly titled measures of other REITs.
FFO should not be considered as an alternative to net income or other measurements under GAAP as an indicator of our operating performance or to cash flows from operating, investing or financing activities as a measure of liquidity. FFO does not reflect working capital changes, cash expenditures for capital improvements or principal payments on indebtedness.
 
Page 6

 
 

Weingarten Realty Investors
 
Summary Operating Data (continued)
 
(in thousands)
 
                    
                    
                    
   
 Three Months Ended
 
Six Months Ended
 
   
 June 30,
 
June 30,
 
   
 2006
 
2005
 
2006
 
2005
 
Rentals
                  
Base minimum rent, net
 
$
108,594
 
$
100,681
 
$
215,721
 
$
198,775
 
Straight line rent
   
1,550
   
1,845
   
2,991
   
3,753
 
Over/Under-market rentals, net
   
175
   
94
   
341
   
77
 
Percentage rent
   
1,219
   
1,252
   
2,693
   
2,338
 
Tenant reimbursements
   
26,727
   
23,983
   
51,458
   
48,002
 
Total
 
$
138,265
 
$
127,855
 
$
273,204
 
$
252,945
 
                           
                           
   
Three Months Ended
   
Six Months Ended
 
     
June 30,
   
June 30,
 
     
2006
   
2005
   
2006
   
2005
 
Rentals (Prorata Share)
                         
Base minimum rent, net
 
$
109,990
 
$
101,514
 
$
218,440
 
$
200,122
 
Straight line rent
   
1,624
   
1,902
   
3,107
   
3,851
 
Over/Under-market rentals, net
   
225
   
149
   
449
   
179
 
Percentage rent
   
1,276
   
1,296
   
2,789
   
2,387
 
Tenant reimbursements
   
26,886
   
24,162
   
51,753
   
48,081
 
Total
 
$
140,001
 
$
129,023
 
$
276,538
 
$
254,620
 
                           
                           
                           
   
Three Months Ended
 
Six Months Ended
 
   
June 30,
 
June 30,
 
     
2006
   
2005
   
2006
   
2005
 
Interest Expense (Prorata Share)
                         
Interest paid or accrued
 
$
38,054
 
$
34,929
 
$
74,932
 
$
67,900
 
Over-market mortgage adjustment
   
(1,839
)
 
(1,884
)
 
(3,678
)
 
(3,391
)
Gross interest expense
   
36,215
   
33,045
   
71,254
   
64,509
 
Less:
                         
Capitalized interest
   
(1,386
)
 
(1,014
)
 
(2,269
)
 
(1,751
)
Interest expense, at prorata share
 
$
34,829
 
$
32,031
 
$
68,985
 
$
62,758
 
                           
                           
 
               
June 30,
   
December 31,
 
                 
2006
   
2005
 
Property at Prorata Share
                         
Land
             
$
784,416
 
$
771,903
 
Land held for development
               
20,786
   
20,634
 
Land under development
               
73,123
   
27,591
 
Buildings and improvements
               
3,249,175
   
3,230,342
 
Construction in-progress
               
59,545
   
48,310
 
Property held for sale
               
8,500
   
-
 
Total
             
$
4,195,545
 
$
4,098,780
 
 

 
Page 7

 
 

Weingarten Realty Investors
 
Financial Statements of Unconsolidated Joint Ventures at Prorata
 
(in thousands)
 
                   
                   
                   
   
Three Months Ended
 
Six Months Ended
 
   
June 30,
 
June 30,
 
   
2006
 
2005
 
2006
 
2005
 
                   
Revenues:
 
$
5,060
 
$
4,053
 
$
9,753
 
$
7,739
 
                           
Expenses:
                         
Depreciation and amortization
   
1,106
   
939
   
2,124
   
1,843
 
Interest
   
1,233
   
791
   
2,243
   
1,433
 
Operating
   
672
   
542
   
1,288
   
1,066
 
Ad valorem taxes
   
498
   
455
   
961
   
940
 
General and administrative
   
62
   
41
   
115
   
54
 
Total
   
3,571
   
2,768
   
6,731
   
5,336
 
                           
Gain on land and merchant development sales
               
416
       
Gain (loss) on sale of property
   
2,497
   
(2
)
 
4,054
   
(3
)
                           
Net Income
 
$
3,986
 
$
1,283
 
$
7,492
 
$
2,400
 
                           
                           
               
June 30,
   
December 31,
 
                 
2006
   
2005
 
ASSETS
                         
                           
Property
             
$
171,556
 
$
147,006
 
Accumulated Depreciation
               
(14,598
)
 
(14,493
)
Property - net
               
156,958
   
132,513
 
                           
Unamortized Debt and Lease Costs
               
5,525
   
4,519
 
Accrued Rent and Accounts Receivable
               
1,301
   
1,442
 
Cash and Cash Equivalents
               
14,408
   
13,946
 
Other
               
10,864
   
1,932
 
Total
             
$
189,056
 
$
154,352
 
                           
                           
                           
LIABILITIES AND SHAREHOLDERS' EQUITY
                         
                           
Debt
             
$
74,663
 
$
44,544
 
Amounts Payable to WRI
               
10,473
   
16,022
 
Accounts Payable and Accrued Expenses
               
4,471
   
3,706
 
Total
               
89,607
   
64,272
 
                           
Accumulated Equity
               
99,449
   
90,080
 
                           
Total
             
$
189,056
 
$
154,352
 
                           
                           
                           
                           
Notes:
                         
The Consolidated Financial Statements at prorata share include only the real estate operations of joint ventures at WRI's ownership percentages.
Prorata financial information is not, and is not intended to be, a presentation in accordance with generally accepted accounting principles.

Page 8

 
 

Weingarten Realty Investors
 
Summary Balance Sheet Information
 
(in thousands, except common share data and percentages)
 
           
           
           
   
June 30,
 
December 31,
 
   
2006
 
2005
 
           
Common Share Data
         
Closing Market Price
 
$
38.28
 
$
37.81
 
               
Dividend Yield
   
4.86
%
 
4.65
%
               
90-Day Average Trading Volume
   
294,806
   
272,770
 
               
               
Capitalization (As reported)
             
Debt
 
$
2,373,399
 
$
2,299,855
 
Preferred Shares
   
147,500
   
147,500
 
Common Shares at Market
   
3,433,907
   
3,380,327
 
Operating Partnership Units at Market
   
120,199
   
119,328
 
Total Market Capitalization
 
$
6,075,006
 
$
5,947,010
 
               
Debt to Total Market Capitalization
   
39.1
%
 
38.7
%
               
               
Capitalization (Prorata)
             
Debt
 
$
2,392,170
 
$
2,288,145
 
Preferred Shares
   
147,500
   
147,500
 
Common Shares at Market
   
3,433,907
   
3,380,327
 
Operating Partnership Units at Market
   
120,199
   
119,328
 
Total Market Capitalization
 
$
6,093,777
 
$
5,935,300
 
               
Debt to Total Market Capitalization
   
39.3
%
 
38.6
%
               
               
Capital Availability
             
Unused Portion of $400 MM Revolver
 
$
104,898
 
$
175,071
 
Shelf Registration - $1 Billion
   
160,430
   
160,430
 
Shelf Registration - $1.5 Billion
   
1,500,000
   
1,500,000
 
Shelf Registration - $50 Million
   
50,000
   
50,000
 
Total
 
$
1,815,328
 
$
1,885,501
 
               
               
Credit Ratings
   
S&P
   
Moody's
 
               
Senior Debt
   
A
   
A3
 
Preferred Shares
   
A-
   
baa1
 
               
               
               

Page 9

 
 

Weingarten Realty Investors
 
Debt Information
 
(in thousands, except percentages)
 
                 
                 
     
2nd Quarter
     
4th Quarter
 
 
June 30,
 
Weighted
 
December 31,
 
Weighted
 
 
2006
 
Average Rate
 
2005
 
Average Rate
 
Outstanding Balance Summary (2)
               
Mortgage Debt
$
808,461
   
7.28
%
$
799,603
   
7.29
%
7% 2011 Bonds
 
200,000
   
7.00
%
 
200,000
   
7.00
%
Unsecured Notes Payable
 
1,044,867
   
5.84
%
 
1,049,867
   
5.85
%
Revolving Credit Agreements (1)
 
281,800
   
5.43
%
 
210,000
   
4.71
%
Industrial Revenue Bonds
 
4,811
   
4.89
%
 
6,925
   
3.68
%
Obligations under Capital Leases
 
33,460
   
5.72
%
 
33,460
   
5.49
%
Total Debt - As Reported
 
2,373,399
   
6.41
%
 
2,299,855
   
6.36
%
Less: Minority Partners' Interests
 
(55,892
)
       
(56,254
)
     
Plus: WRI Share of Unconsolidated Joint Ventures
 
74,663
         
44,544
       
Total Debt - Prorata Share
$
2,392,170
   
6.41
%
$
2,288,145
   
6.37
%
                         
                         
                         
 
June 30, 
         
December 31,
       
     
2006
   
% of Total
   
2005
   
% of Total
 
Fixed vs Variable Rate Debt (at Prorata Share)
                       
(includes the effect of interest rate swaps)
                       
                           
Fixed-rate debt
$
2,013,249
   
84.2
%
$
1,973,822
   
86.3
%
Variable-rate debt
 
378,921
   
15.8
%
 
314,323
   
13.7
%
Total
$
2,392,170
   
100.0
%
$
2,288,145
   
100.0
%
                         
                         
Secured vs Unsecured Debt (at Prorata Share)
                       
Secured Debt
$
870,098
   
36.4
%
$
830,340
   
36.3
%
Unsecured Debt
 
1,522,072
   
63.6
%
 
1,457,805
   
63.7
%
Total
$
2,392,170
   
100.0
%
$
2,288,145
   
100.0
%
                         
                         
                         
Coverage Ratios (at Prorata Share trailing 4 quarters)
                       
Fixed Charge Coverage
 
2.51x
         
2.56x
       
Interest Coverage
 
2.59x
         
2.65x
       
Debt Service Coverage
 
2.56x
         
2.63x
       
                         
                         
                         
 
As
   
Prorata
             
 
Reported
   
Share
             
Weighted Average Interest Rates (2)
                       
Three months ended 6/30/06
 
6.41
%
 
6.41
%
           
Six months ended 6/30/06
 
6.39
%
 
6.39
%
           
Twelve months ended 12/31/05
 
6.32
%
 
6.33
%
           
                         
                         
(1)       Weighted average revolving interest rate excluding the effect of the commitment fee was 5.19% in second quarter 2006
and 4.26% in fourth quarter 2005.
                               
                                 
(2)       Weighted average interest rates exclude the effects of FAS 141 and loan costs related to financing.

Page 10

 
 

Weingarten Realty Investors
 
Debt Information
 
(in thousands, except percentages)
 
                           
                           
                           
Schedule of Maturities at June 30, 2006
                     
                           
                           
                           
   
As Reported
 
Prorata Share
 
   
Maturities
 
Rate (8)
 
Maturities
 
Rate (8)
 
Floating Rate
 
Fixed Rate
 
2006 (1) (2)
 
$
27,026
   
5.08
%
$
28,457
   
5.06
%
$
8,810
 
$
19,647
 
2007 (3)
   
104,208
   
6.52
%
 
103,796
   
6.51
%
 
422
   
103,374
 
2008 (4) (5)
   
261,748
   
6.97
%
 
261,322
   
6.93
%
 
429
   
260,893
 
2009
   
92,240
   
6.70
%
 
90,977
   
6.68
%
 
9,795
   
81,182
 
2010
   
132,669
   
6.85
%
 
144,592
   
6.82
%
 
550
   
144,042
 
2011
   
326,895
   
6.96
%
 
318,422
   
6.95
%
 
-
   
318,422
 
2012
   
300,515
   
5.88
%
 
300,112
   
5.86
%
 
-
   
300,112
 
2013
   
292,440
   
6.22
%
 
255,135
   
5.83
%
 
-
   
255,135
 
2014
   
331,018
   
5.30
%
 
359,276
   
5.43
%
 
2,115
   
357,161
 
2015
   
112,865
   
5.93
%
 
116,564
   
5.87
%
 
-
   
116,564
 
Thereafter
   
95,923
   
7.72
%
 
117,666
   
7.79
%
 
-
   
117,666
 
Subtotal
   
2,077,548
         
2,096,319
         
22,121
   
2,074,198
 
                                       
Revolvers (6)
   
281,800
   
5.22
%
 
281,800
   
5.22
%
 
281,800
   
0
 
Other (7)
   
14,051
         
14,051
               
14,051
 
Swap Maturities:
                                     
2007
                           
25,000
   
(25,000
)
2014
                           
50,000
   
(50,000
)
Total
 
$
2,373,399
   
6.39
%
$
2,392,170
   
6.39
%
$
378,921
 
$
2,013,249
 
                                       
                                       
                                       
(1) Includes $3.1 million of amortizing industrial revenue bonds with a final maturity date of 2015 that are currently callable by the lender.
(2) Includes $7 million of MTN's maturing 2026 with a 10 year put option.
                 
(3) Includes $25 million of MTN's maturing 2027 with 10 and 20 year put options.
                 
(4) Includes $25 million of MTN's maturing 2028 with 10, 12 and 20 year put options.
                 
(5) Includes prepayment of $121.8 million mortgage. $118.9 million of MTN's have been forward locked at 5.2%.
     
(6) Includes the effect of the commitment fee.
                             
(7) Other includes capital leases and market value of swaps.
                       
(8) Interest rates exclude the effects of FAS 141 and loan costs related to financing.
                 
 
 

 
Page 11

 
 

Weingarten Realty Investors
 
Tenant Diversification by Percent of Rental Revenues at Prorata Share
 
(in thousands, except percentages and # of units)
                       
                       
                       
               
% of Prorata
     
               
Rental
 
Square
 
Rank
 
Tenant Name
 
DBA’s
 
# of Units
 
Revenue
 
Feet
 
                       
1
 
THE KROGER CO.
 
Kroger, Dillons, Smith Food, Ralphs, Fry's Food, King Soopers
 
31
 
2.73%
 
1,742
 
                       
2
 
T.J.X. COMPANIES, INC.
 
T.J. Maxx, Marshalls
 
25
 
1.59%
 
736
 
                       
3
 
ROSS STORES, INC.
 
Ross Dress for Less
 
25
 
1.44%
 
673
 
                       
4
 
SAFEWAY, INC.
 
Safeway, Randalls, Von's, Tom Thumb
 
17
 
1.41%
 
882
 
                       
5
 
PUBLIX SUPER MARKETS, INC.
 
 
13
 
1.23%
 
666
 
                       
6
 
OFFICE DEPOT, INC.
 
 
 
23
 
1.09%
 
533
 
                       
7
 
BLOCKBUSTER VIDEO
 
 
 
54
 
1.06%
 
300
 
                       
8
 
HOME DEPOT, INC.
 
 
 
5
 
1.00%
 
562
 
                       
9
 
BARNES & NOBLE INC.
 
Barnes & Noble, Bookstop Booksellers
 
12
 
0.95%
 
283
 
                       
10
 
GAP, INC.
 
Gap, Old Navy, Banana Republic
 
19
 
0.93%
 
327
 
                       
11
 
PETCO ANIMAL SUPPLIES, INC.
 
 
17
 
0.66%
 
236
 
                       
12
 
STAPLES
 
 
 
12
 
0.66%
 
319
 
                       
13
 
LINENS 'N THINGS, INC.
 
 
 
9
 
0.62%
 
245
 
                       
14
 
H E BUTT GROCERY
 
 
 
5
 
0.61%
 
302
 
                       
15
 
DOLLAR TREE STORES, INC.
 
Dollar Tree, Greenbacks
 
32
 
0.61%
 
316
 
                       
16
 
SUPERVALU, INC.
 
Albertson's
 
8
 
0.60%
 
343
 
                       
17
 
GROCERS SUPPLY CO, INC.
 
Fiesta
 
9
 
0.59%
 
352
 
                       
18
 
PETSMART, INC.
 
 
 
12
 
0.59%
 
225
 
                       
19
 
OFFICE MAX INC.
 
 
 
10
 
0.59%
 
237
 
                       
20
 
HARRIS TEETER
 
 
 
6
 
0.58%
 
248
 
                       
21
 
ACADEMY SPORTS & OUTDOORS
 
 
5
 
0.57%
 
562
 
                       
22
 
STAGE STORES
 
Beall's, Palais Royal, Stages
 
21
 
0.56%
 
477
 
                       
23
 
MOVIE GALLERY, INC.
 
Movie Gallery, Hollywood Video
 
21
 
0.56%
 
136
 
                       
24
 
RALEY'S
 
Raley's Bel Air Markets
 
6
 
0.55%
 
331
 
                       
25
 
TOYS 'R' US
 
Toys 'R' Us, Baby's 'R' Us
 
8
 
0.54%
 
304
 
           
 
 
 
 
 
 
   
Total
     
405
 
22.33%
 
11,336
 

Page 12

 
Weingarten Realty Investors
Leasing Information
(in thousands, except percentages and # of units and leases, prorata share)
                         
Lease Expirations
           
   
Shopping Center
 
Industrial
 
Total
   
Percentage of
 
Percentage of
 
Percentage of
       
Prorata
     
Prorata
     
Prorata
Year Expiring
 
Sq. Ft.
 
Revenue
 
Sq. Ft.
 
Revenue
 
Sq. Ft.
 
Revenue
2006
 
4.22%
 
4.62%
 
11.75%
 
13.52%
 
6.06%
 
5.65%
2007
 
11.86%
 
12.73%
 
27.92%
 
25.41%
 
15.78%
 
14.21%
2008
 
12.17%
 
12.23%
 
20.58%
 
22.00%
 
14.22%
 
13.37%
2009
 
12.07%
 
12.60%
 
9.33%
 
10.54%
 
11.40%
 
12.36%
2010
 
11.85%
 
12.98%
 
10.75%
 
10.73%
 
11.58%
 
12.72%
2011-2015
 
31.41%
 
30.75%
 
18.06%
 
16.63%
 
28.15%
 
29.10%
2016-2025
 
15.38%
 
13.16%
 
1.62%
 
1.17%
 
12.02%
 
11.77%
                         
                         
Leasing Production - New Leases and Renewals
                 
                         
       
Number
         
Increase in
   
       
of
 
Square
 
Increase in
 
Base Rent
   
       
Leases
 
Feet
 
Base Rent
 
After Capital
   
                         
Three Months Ended
                       
June 30, 2006
                       
Retail
     
280
 
847
 
5.6%
 
3.7%
   
Industrial
     
53
 
558
 
2.5%
 
0.6%
   
Total
     
333
 
1,405
 
5.1%
 
3.2%
   
                         
                         
Three Months Ended
                       
June 30, 2005
                       
Retail
     
281
 
1,104
 
9.9%
 
6.5%
   
Industrial
     
55
 
619
 
-1.3%
 
-2.3%
   
Total
     
336
 
1,723
 
8.1%
 
5.1%
   
                         
                         
Six Months Ended
                       
June 30, 2006
                       
Retail
     
523
 
1,787
 
8.2%
 
6.7%
   
Industrial
     
103
 
1,466
 
3.4%
 
1.8%
   
Total
     
626
 
3,253
 
7.4%
 
5.9%
   
                         
                         
Six Months Ended
                       
June 30, 2005
                       
Retail
     
502
 
2,039
 
10.3%
 
7.3%
   
Industrial
     
130
 
1,452
 
0.0%
 
-1.6%
   
Total
     
632
 
3,491
 
8.0%
 
5.2%
   
                         
                         
Average Minimum Rent per Square Foot
                   
                         
   
 
 
 
 
Quarter Ended
 
 
 
 
   
   
June 30,
 
March 31,
 
December 31,
 
September 30,
 
June 30,
   
   
2006
 
2006
 
2005
 
2005
 
2005
   
                         
Retail
 
$11.69
 
$11.50
 
$11.38
 
$11.35
 
$11.27
   
Industrial
 
$4.80
 
$4.82
 
$4.89
 
$4.93
 
$4.87
   
                         
                         
Occupancy
 
 
 
 
 
Quarter Ended
 
 
 
 
   
   
June 30,
 
March 31,
 
December 31,
 
September 30,
 
June 30,
   
   
2006
 
2006
 
2005
 
2005
 
2005
   
                         
Shopping Center Portfolio
 
95.2%
 
94.9%
 
94.6%
 
94.9%
 
94.8%
   
Industrial Portfolio
 
89.5%
 
92.9%
 
93.1%
 
93.8%
 
91.9%
   
Total Portfolio
 
93.7%
 
94.4%
 
94.2%
 
94.7%
 
94.2%
   
                         
                         
Note: A space is considered occupied upon execution of a lease agreement.
             

Page 13

 
 

Weingarten Realty Investors
 
Property Information
 
(in thousands at prorata share)
 
                       
                       
                       
                       
                       
Property Investment Summary
                     
       
New
 
Major
 
All
     
   
Acquisitions
 
Development
 
Repairs
 
Other
 
Total
 
                       
Six Months Ended 06/30/06
 
$
135,336
 
$
65,131
 
$
3,813
 
$
15,888
 
$
220,168
 
Year Ended 12/31/2005
   
358,990
   
33,171
   
12,858
   
36,791
   
441,810
 
Year Ended 12/31/2004
   
511,245
   
37,836
   
12,265
   
41,983
   
603,329
 
Year Ended 12/31/2003
   
413,796
   
64,011
   
11,754
   
39,062
   
528,623
 
Year Ended 12/31/2002
   
247,678
   
70,325
   
7,800
   
27,184
   
352,987
 

Page 14

 
 

Weingarten Realty Investors
Property Information
(in thousands at prorata share)
               
               
               
               
Acquisition Summary
             
     
Sq. Ft.
 
Date
 
Total
Center
City/State
 
of Bldg. Area
 
Acquired
 
Investment
               
Wholly-Owned Acquisitions
             
               
Shopping Centers
             
Valley Shopping Center
Sacramento, California
 
98
 
4/7/2006
   
Brownsville Commons
Powder Springs, Georgia
 
28
 
5/22/2006
   
Shoppes of Parkland
Parkland, Florida
 
146
 
5/31/2006
   
Freedom Centre
Freedom, California
 
151
 
6/23/2006
   
     
423
       
               
Industrial
             
McGraw Hill Distribution
DeSoto, Texas
 
418
 
2/14/2006
   
1855 Dornoch Industrial
San Diego, California
 
205
 
6/12/2006
   
1725 Dornoch Industrial
San Diego, California
 
112
 
6/12/2006
   
     
735
       
               
Subtotal - Wholly Owned Acquisitions
 
1,158
       
               
               
Joint Venture Acquisitions
             
               
Shopping Centers
             
Fresh Market Shoppes
Hilton Head, South Carolina
 
22
 
3/7/2006
   
Shoppes at Paradise Isle
Destin, Florida
 
43
 
3/31/2006
   
Indian Harbour Place
Indian Harbour Beach, Florida
 
41
 
6/22/2006
   
     
106
       
               
Subtotal - Joint Venture Acquisitions
 
106
       
               
Grand Total Acquisitions (Y-T-D)
 
1,264
     
$135,336

Page 15

 
 

Weingarten Realty Investors
Property Information
(in thousands at prorata share)
               
               
               
Disposition Summary
             
               
     
Sq. Ft.
 
Date
 
Sales
Center
City/State
 
of Bldg. Area
 
Sold
 
Proceeds
               
Operating Property Sales
             
               
Wholly-Owned
             
               
Shopping Centers
             
Desert Square
Tuscon, Arizona
 
100
 
1/6/06
   
West State Plaza
Kansas City, Kansas
 
94
 
2/13/06
   
Caprock Shopping Center
Lubbock, Texas
 
262
 
3/30/06
   
Watauga Center
Ft. Worth, Texas
 
65
 
5/25/06
   
Copperfield Village
Houston, Texas
 
163
 
6/14/06
   
Evelyn Hills Shopping Center
Fayetteville, Arkansas
 
131
 
6/23/06
   
Westbrooke Village Shopping Center
Shawnee, Kansas
 
236
 
6/30/06
   
Regency Park
Overland Park, Kansas
 
202
 
6/30/06
   
Pinetree Plaza
Lee's Summit, Missouri
 
134
 
6/30/06
   
     
1,387
       
Industrial
             
Thomas St. Warehouse
Memphis, Tennessee
 
33
 
3/23/06
   
Nasa 1 Business Center
Webster, Texas
 
112
 
4/20/06
   
Walnut Trails Business Park
Dallas, Texas
 
103
 
6/28/06
   
     
248
 
     
               
Subtotal - Wholly Owned
   
1,635
       
               
Joint Venture
             
               
Shopping Centers
             
Crosby Shopping Center
Crosby, Texas
 
34
 
3/1/06
   
Dickinson Village
Dickinson, Texas
 
63
 
4/6/06
   
     
97
       
               
Subtotal - Joint Venture
   
97
       
               
Grand Total Operating Property Sales (Y-T-D)
   
1,732
     
$174,687
               
               
Land and Merchant Development Sales
             
               
Laveen Village Marketplace
Phoenix, Arizona
     
3/17/06
   
Northwest Crossing Centre
Houston, Texas
     
3/31/06
   
               
               
               
Grand Total Land and Merchant Development Sales (Y-T-D)
           
$3,612
 
 
 
Page 16

 
 

Weingarten Realty Investors
Property Information
(in thousands at prorata share, except percentage)
                                 
                                 
                                 
Properties Currently Under Development
                         
           
 
               
           
Total Square Feet
 
 
 
 
 
Total Estimated
       
 
 
of Building Area
 
 
 
 
 
Investment
Center Name
Location
 
Anchor
Percent
Ownership
 
Total
 
WRI's
Share
 
Spent
2nd Qtr
2006
 
Spent
Inception
To Date
 
WRI Costs
 
Gross Costs
                                 
Glenwood Meadows *
Glenwood Springs, Colorado
 
Target
41%
 
403
 
114
 
$     243
 
$ 10,531
 
$ 11,260
 
$ 27,463
Starr Plaza *
Rio Grande City, Texas
 
H-E-B
50%
 
180
 
90
 
421
 
6,839
 
10,311
 
20,621
Rock Prairie Marketplace
College Station, Texas
 
Wal-Mart/Lowe's
100%
 
554
 
198
 
2,598
 
8,927
 
27,842
 
27,842
Town Center at Timber Springs
Orlando, Florida
 
Wal-Mart
100%
 
75
 
35
 
781
 
5,806
 
7,035
 
7,035
Waterford Village
Leland, North Carolina
 
Harris Teeter
75%
 
112
 
84
 
680
 
5,774
 
11,969
 
15,959
Village at Liberty Lake *
Liberty Lake, Washington
 
Home Depot
50%
 
159
 
13
 
79
 
936
 
2,444
 
4,887
Sharyland Towne Crossing *
Mission, Texas
 
Target/HEB
50%
 
490
 
179
 
1,868
 
10,033
 
24,343
 
48,685
Sharyland Towne Crossing Phase II *
Mission, Texas
   
50%
 
306
 
72
 
0
 
3,572
 
9,591
 
19,181
Phillips Landing
Orlando, Florida
 
Wal-Mart
100%
 
286
 
66
 
272
 
3,516
 
13,894
 
13,894
River Pointe Apartments II
Conroe, Texas
 
N/A
100%
 
217
 
217
 
515
 
696
 
14,756
 
14,756
Shoppes at Caveness Farms
Wake Forest, North Carolina
   
75%
 
308
 
308
 
1,164
 
8,699
 
47,146
 
47,146
Market at Nolana *
Mission, Texas
 
Wal-Mart
50%
 
265
 
31
 
3
 
2,746
 
5,222
 
10,443
Laveen Village Phase II
Phoenix, Arizona
 
Home Depot
100%
 
196
 
57
 
(114)
 
4,344
 
11,887
 
11,887
Tomball Marketplace
Tomball, Texas
 
Academy
100%
 
393
 
230
 
10,462
 
10,462
 
38,408
 
38,408
Herndon Plaza
Orlando, Florida
 
Bed Bath & Beyond
50%
 
262
 
131
 
8,247
 
8,247
 
13,352
 
26,705
Raintree Ranch
Chandler, Arizona
 
Whole Foods
100%
 
140
 
140
 
12,028
 
12,028
 
29,500
 
29,500
                                 
Total 16 Properties Under Development
       
4,346
 
1,965
 
$39,247
 
$103,156
 
$278,960
 
$364,412
                                 
                                 
* Unconsolidated Joint Venture

 
 
 
Page 17


 
Weingarten Realty Investors
 
Total Operating Income at Prorata Share by Geographic Region (1)
 
(in thousands, except percentages)
                                                 
                                                 
                                                 
   
Six Months Ended June 30,
 
Twelve Months Ended December 31,
   
2006
 
%
 
2005
 
%
 
2005
 
%
 
2004
 
%
 
2003
 
%
 
2002
 
%
                                                 
 
Western Region
                                             
 
California
$ 18,727
 
14.3%
 
$ 18,052
 
14.5%
 
$ 36,715
 
14.7%
 
$ 32,188
 
14.6%
 
$ 26,178
 
14.1%
 
$ 22,061
 
13.7%
 
Nevada
9,496
 
7.2%
 
7,904
 
6.4%
 
16,949
 
6.8%
 
13,208
 
6.0%
 
11,862
 
6.4%
 
12,218
 
7.5%
 
Arizona
4,993
 
3.8%
 
4,828
 
3.9%
 
9,926
 
4.0%
 
8,648
 
3.9%
 
8,038
 
4.3%
 
7,220
 
4.4%
 
Colorado
3,834
 
2.9%
 
3,302
 
2.7%
 
6,800
 
2.7%
 
6,664
 
3.0%
 
4,028
 
2.2%
 
2,165
 
1.3%
 
New Mexico
3,628
 
2.8%
 
3,103
 
2.5%
 
6,190
 
2.5%
 
5,008
 
2.3%
 
4,143
 
2.2%
 
3,992
 
2.5%
 
Utah
1,098
 
0.8%
 
971
 
0.8%
 
2,014
 
0.8%
 
1,763
 
0.8%
 
(2)
 
0.0%
 
(3)
 
0.0%
 
Washington
30
 
0.0%
 
-
 
0.0%
 
-
 
0.0%
 
-
 
0.0%
 
-
 
0.0%
 
-
 
0.0%
 
Total Western Region
41,806
 
31.8%
 
38,160
 
30.8%
 
78,594
 
31.5%
 
67,479
 
30.6%
 
54,247
 
29.2%
 
47,653
 
29.4%
                                                 
 
Central Region
                                             
 
Texas
$ 45,537
 
34.8%
 
$ 45,451
 
36.6%
 
$ 88,461
 
35.5%
 
$ 78,864
 
35.8%
 
$ 78,091
 
42.2%
 
$ 73,133
 
44.9%
 
Louisiana
3,410
 
2.6%
 
3,732
 
3.0%
 
8,673
 
3.5%
 
12,023
 
5.5%
 
6,640
 
3.6%
 
5,204
 
3.2%
 
Arkansas
1,162
 
0.9%
 
2,738
 
2.2%
 
3,741
 
1.5%
 
2,154
 
1.0%
 
1,439
 
0.8%
 
2,033
 
1.2%
 
Illinois
1,198
 
0.9%
 
1,093
 
0.9%
 
2,256
 
0.9%
 
2,365
 
1.1%
 
1,502
 
0.8%
 
575
 
0.4%
 
Oklahoma
1,046
 
0.8%
 
902
 
0.7%
 
1,711
 
0.7%
 
1,859
 
0.8%
 
1,852
 
1.0%
 
1,830
 
1.1%
 
Missouri
650
 
0.5%
 
682
 
0.5%
 
1,334
 
0.5%
 
1,383
 
0.6%
 
1,425
 
0.8%
 
1,423
 
0.9%
 
Kansas
424
 
0.3%
 
453
 
0.4%
 
1,049
 
0.4%
 
1,548
 
0.7%
 
1,785
 
1.0%
 
1,694
 
1.0%
 
Mississippi
(6)
 
0.0%
 
-
 
0.0%
 
(1)
 
0.0%
 
-
 
0.0%
 
(15)
 
0.0%
 
(82)
 
-0.1%
 
Total Central Region
53,421
 
40.8%
 
55,051
 
44.3%
 
107,224
 
43.0%
 
100,196
 
45.5%
 
92,719
 
50.2%
 
85,810
 
52.6%
                                                 
 
Eastern Region
                                             
 
Florida
$ 18,957
 
14.4%
 
$ 16,853
 
13.5%
 
$ 34,012
 
13.6%
 
$ 30,223
 
13.7%
 
$ 23,811
 
12.9%
 
$ 18,052
 
11.1%
 
North Carolina
8,619
 
6.6%
 
6,447
 
5.2%
 
14,073
 
5.6%
 
11,038
 
5.0%
 
8,398
 
4.5%
 
6,256
 
3.8%
 
Georgia
3,996
 
3.0%
 
3,954
 
3.2%
 
8,041
 
3.2%
 
5,868
 
2.7%
 
2,097
 
1.1%
 
445
 
0.3%
 
Tennessee
2,465
 
1.9%
 
1,985
 
1.6%
 
4,100
 
1.6%
 
3,842
 
1.7%
 
3,561
 
1.9%
 
4,365
 
2.7%
 
Kentucky
1,887
 
1.4%
 
1,615
 
1.3%
 
3,440
 
1.4%
 
1,507
 
0.7%
 
-
 
0.0%
 
-
 
0.0%
 
Maine
108
 
0.1%
 
159
 
0.1%
 
350
 
0.1%
 
318
 
0.1%
 
409
 
0.2%
 
166
 
0.1%
 
South Carolina
54
 
0.0%
 
-
 
0.0%
 
-
 
0.0%
 
-
 
0.0%
 
-
 
0.0%
 
-
 
0.0%
 
Total Eastern Region
36,086
 
27.4%
 
31,013
 
24.9%
 
64,016
 
25.5%
 
52,796
 
23.9%
 
38,276
 
20.6%
 
29,284
 
18.0%
                                                 
 
Total Operating Income
$131,313
 
100.0%
 
$ 124,224
 
100.0%
 
$ 249,834
 
100.0%
 
$ 220,471
 
100.0%
 
$ 185,242
 
100.0%
 
$ 162,747
 
100.0%
                                                 
                                                 
                                                 
 
(1) The Operating Income at Prorata Share includes the real estate operations of joint ventures at WRI's ownership percentages ranging from 20% to 75% except for the operations of down-reit partnerships, which are included at 100% with the applicable minority interest. Prorata financial information is not, and is not intended to be, a presentation in accordance with generally accepted accounting principles.
 

Page 18

 
 

Weingarten Realty Investors
Property Listing at June 30, 2006
               
               
     
Gross Leasable Area
     
WRI
 
Others
 
 
Center and Location
 
Anchors
Owned
 
(O.B.O.)
 
Total
               
Houston and Harris County, Total
   
6,316,000
 
845,000
 
7,161,000
Alabama-Shepherd, S. Shepherd at W. Alabama
 
Bookstop, PetsMart
56,000
 
0
 
56,000
Bayshore Plaza, Spencer Hwy. at Burke Rd.
 
Fitness Connections (O.B.O.)
36,000
 
86,000
 
122,000
Bellaire Boulevard, Bellaire at S. Rice
 
Randall’s +
35,000
 
0
 
35,000
Braeswood Square, N. Braeswood at Chimney Rock
 
Belden’s +, Walgreen’s
103,000
 
0
 
103,000
Centre at Post Oak, Westheimer at Post Oak Blvd.
 
Marshall’s, Barnes & Noble, Old Navy, Grand Lux Café, Comp USA
184,000
 
0
 
184,000
Champions Village, F.M. 1960 at Champions Forest Dr.
 
Randall’s +, SteinMart, Palais Royal, Cost Plus, Barnes & Noble
408,000
 
0
 
408,000
Crestview, Bissonnet at Wilcrest
 
Creative Connection
9,000
 
0
 
9,000
Cullen Place, Cullen at Reed
 
C&R Beauty Supply
7,000
 
0
 
7,000
Cullen Plaza, Cullen at Wilmington
 
Fiesta +, Family Dollar, Beauty Empire
85,000
 
0
 
85,000
Cypress Pointe, F.M. 1960 at Cypress Station
 
Kroger +, Office Max, Comp USA, Babies “R” Us
191,000
 
97,000
 
288,000
Eastpark, Mesa Rd. at Tidwell
 
CVS/pharmacy, US Postal Service
113,000
 
0
 
113,000
Edgebrook, Edgebrook at Gulf Fwy.
 
Fiesta +, Bank One, Family Dollar
78,000
 
0
 
78,000
Fiesta Village, Quitman at Fulton
 
Fiesta +
30,000
 
0
 
30,000
Fondren Southwest Village, Fondren at W. Bellfort
 
Fiesta +, Palais Royal, Anna’s Linens, Dollar Tree, Citi Trends
269,000
 
0
 
269,000
Fondren/West Airport, Fondren at W. Airport
   
62,000
 
0
 
62,000
Glenbrook Square, Telephone Road
 
Kroger +, Blockbuster
76,000
 
0
 
76,000
Griggs Road, Griggs at Cullen
 
Family Dollar, Modern City, Citi Trends
80,000
 
0
 
80,000
Harrisburg Plaza, Harrisburg at Wayside
 
Fallas Paredes
93,000
 
0
 
93,000
Heights Plaza, 20th St. at Yale
 
Kroger +, Walgreen’s
72,000
 
0
 
72,000
Humblewood Shopping Plaza, Eastex Fwy. at F.M. 1960
 
Kroger +,Conn’s, Walgreen’s
180,000
 
99,000
 
279,000
I-45/Telephone Rd. Center, I-45 at Maxwell Street
 
Seller Bros. +, Dollar Tree, Best Price, FAMSA
164,000
 
0
 
164,000
Jacinto City, Market at Baca
 
Seller Bros. +, CVS/pharmacy
25,000
*
25,000
 
50,000
Landmark, Gessner at Harwin
 
Family Dollar
56,000
 
0
 
56,000
Lawndale, Lawndale at 75th St.
 
Fiesta +, Family Dollar
53,000
 
0
 
53,000
Little York Plaza, Little York at E. Hardy
 
Seller Bros. +, Dollar General, American Way Thrift Stores
118,000
 
0
 
118,000
Lyons Avenue, Lyons at Shotwell
 
Fiesta +, Fallas Paredes
68,000
 
0
 
68,000
Market at Westchase, Westheimer at Wilcrest
 
Whole Foods Market +
87,000
 
0
 
87,000
Miracle Corners, S. Shaver at Southmore
 
Fallas Paredes, Family Thrift, Dollar General
86,000
 
0
 
86,000
Northbrook, Northwest Fwy. at W. 34th
 
Randall’s +, Office Depot, Citi Trends, Anna’s Linens, Dollar Tree
175,000
 
0
 
175,000
North Main Square, Pecore at N. Main
 
O’Reilly Autoparts
19,000
 
0
 
19,000
North Oaks, F.M. 1960 at Veterans Memorial
 
T.J. Maxx, Old Navy, Ross Dress for Less, Big Lots, DSW, Half Price Books
425,000
 
0
 
425,000
North Triangle, I-45 at F.M. 1960
 
Steak & Ale, CiCi’s Pizza, James Coney Island
16,000
 
0
 
16,000
Northway, Northwest Fwy. at 34th
 
Conn’s, Academy, Office Max
209,000
 
0
 
209,000
Northwest Crossing, N.W. Fwy. at Hollister (75%)
 
Target (O.B.O.), Marshall’s, Babies “R” Us, Best Buy
134,000
* !
166,000
 
300,000
Oak Forest, W. 43rd at Oak Forest
 
Kroger +, Palais Royal, Dollar Tree
164,000
 
0
 
164,000
Orchard Green, Gulfton at Renwick
 
Seller Bros. +, Family Dollar
74,000
 
0
 
74,000
Randall’s/Cypress Station, F.M. 1960 at I-45
 
David’s Bridal
141,000
 
0
 
141,000
Randall’s/Kings Crossing, Kingwood Dr. at Lake Houston Pkwy.
 
Randall’s +, CVS/pharmacy
128,000
 
0
 
128,000
Randall’s/Norchester, Grant at Jones
 
Randall’s +
108,000
 
0
 
108,000
Richmond Square, Richmond Ave. at W. Loop 610
 
Best Buy (O.B.O.), Cost Plus
33,000
 
58,000
 
91,000
River Oaks, East, W. Gray at Woodhead
 
Kroger +
71,000
 
0
 
71,000
River Oaks, West, W. Gray at S. Shepherd
 
Talbot’s, JoS. A. Bank, Ann Taylor, Gap
235,000
 
0
 
235,000
Sheldon Forest, North, I-10 at Sheldon
 
Family Dollar
22,000
 
0
 
22,000
Sheldon Forest, South, I-10 at Sheldon
 
Gerland’s +, Burke’s Outlet
38,000
*
38,000
 
76,000
Shops at Three Corners, S. Main at Old Spanish Trail (70%)
 
Fiesta +, Office Depot, Big Lots, PetsMart, Ross Dress for Less, Anna’s Linens
176,000
*
76,000
 
252,000
Southgate, W. Fuqua at Hiram Clark
 
Food-A-Rama +, Palais Royal, CVS/pharmacy, Family Dollar
125,000
 
0
 
125,000
Spring Plaza, Hammerly at Campbell
 
Seller Bros. +, Family Dollar
56,000
 
0
 
56,000
Steeplechase, Jones Rd. at F.M. 1960
 
Target (O.B.O.), Palais Royal, 99 Cents Only, Goodwill Industries
193,000
 
100,000
 
293,000
Stella Link, Stella Link at S. Braeswood
 
Seller Bros.+, Spec’s Liquor Warehouse, Burke’s Outlet
68,000
 
0
 
68,000
Studemont, Studewood at E. 14th St
 
Fiesta +
28,000
 
0
 
28,000
Ten Blalock Square, I-10 at Blalock
 
Fiesta +
97,000
 
0
 
97,000
10/Federal, I-10 at Federal
 
Citi Trends, Palais Royal, Seller Bros. +
132,000
 
0
 
132,000
The Village Arcade, University at Kirby
 
Gap, Talbot’s, Baby Gap, Old Navy
191,000
 
0
 
191,000
Westbury Triangle, Chimney Rock at W. Bellfort
 
99 Cents Only, CVS/pharmacy
67,000
 
0
 
67,000

 
 
 
 
Page 19

 


Weingarten Realty Investors
Property Listing at June 30, 2006
               
               
     
Gross Leasable Area
     
WRI
 
Others
 
 
Center and Location
 
Anchors
Owned
 
(O.B.O.)
 
Total
               
Houston and Harris County, (Cont’d)
             
               
Westchase, Westheimer at Wilcrest
 
Ross Dress for Less, Randall’s +, Golfsmith, Palais Royal, Target (O.B.O.), Old Navy
236,000
 
100,000
 
336,000
Westhill Village, Westheimer at Hillcroft
 
Ross Dress for Less, Office Depot, 99 Cents Only, Anna’s Linens
131,000
 
0
 
131,000
               
Texas (Excluding Houston & Harris Co.), Total
   
7,512,000
 
2,337,000
 
9,849,000
Bell Plaza, 45th Ave. at Bell St., Amarillo
 
United Supermarket +, Dollar Tree
129,000
 
0
 
129,000
Coronado, S.W. 34th St. at Wimberly Dr., Amarillo
 
Blockbuster
49,000
 
0
 
49,000
Grand Plaza, Interstate Hwy 40 at Grand Ave., Amarillo
 
United Supermarket +, Big Lots, Beall’s
157,000
 
0
 
157,000
Puckett Plaza, Bell Road, Amarillo
 
Huneke Furniture, CVS/Pharmacy, Gold's Gym
133,000
 
0
 
133,000
Spanish Crossroads, Bell St. at Atkinsen St., Amarillo
 
Big Lots, Dollar General
74,000
 
0
 
74,000
Wolflin Village, Wolflin Ave. at Georgia St., Amarillo
 
Hastings, Talbot’s, Office Depot
193,000
 
0
 
193,000
Brodie Oaks, South Lamar Blvd. at Loop 360, Austin
 
Hobby Lobby (O.B.O.), Toys "R" Us (O.B.O.), Sun Harvest Foods +, Neiman Marcus Last Call
245,000
 
109,000
 
354,000
Southridge Plaza, William Cannon Dr. at S. 1st St., Austin
 
H. E. B. +, Dollar Tree
143,000
 
0
 
143,000
Calder, Calder at 24th St., Beaumont
 
Hair Cartel
34,000
 
0
 
34,000
North Park Plaza, Eastex Fwy. at Dowlen, Beaumont
 
Target (O.B.O.), Anna’s Linens, Spec’s Liquor Warehouse, David’s Bridal, Toys “R” Us (O.B.O.)
70,000
* !
168,000
 
238,000
Phelan West, Phelan at 23rd St., Beaumont (67%)
 
Kroger + (O.B.O.)
16,000
* !
67,000
 
83,000
Phelan, Phelan at 23rd St, Beaumont
 
None
12,000
 
0
 
12,000
Southgate, Calder Ave. at 6th St., Beaumont
 
Dollar General
34,000
 
0
 
34,000
Westmont, Dowlen at Phelan, Beaumont
 
CVS/pharmacy, Talbot’s, Ashley Furniture
98,000
 
0
 
98,000
Lone Star Pavilions, Texas at Lincoln Ave., College Station
 
Best Buy, Office Depot, Barnes & Noble
107,000
 
0
 
107,000
Rock Prairie Marketplace, Rock Prairie Rd. at Hwy. 6, College Station
 
Vacant
0
#
0
 
0
Montgomery Plaza, Loop 336 West at I-45, Conroe
 
Academy, Conn’s, Goody’s, 99 Cents Only, Spec’s Liquor Warehouse, Petco
317,000
 
0
 
317,000
River Pointe, I-45 at Loop 336, Conroe
 
Kroger + (O.B.O)
46,000
 
145,000
 
191,000
Moore Plaza, S. Padre Island Dr. at Staples, Corpus Christi
 
Office Depot, Marshall’s, H. E. B. + (O.B.O),Target (O.B.O.), Circuit City, Old Navy, Linen’s N Things
373,000
 
162,000
 
535,000
Portairs, Ayers St. at Horne Rd., Corpus Christi
 
CVS /pharmacy, Family Dollar, Beall’s
118,000
 
0
 
118,000
Shoppes at Deer Creek, FM 731 at FM 1137, Crowley
 
Albertsons + (O.B.O.)
22,000
 
52,000
 
74,000
Golden Beach Market Place, Golden Triangle Blvd. at N. Beach St., Ft. Worth
 
Albertsons + (O.B.O.)
31,000
 
52,000
 
83,000
Overton Park Plaza, SW Loop 820/Interstate 20 at South Hulen St., Ft. Worth
 
Sports Authority, Circuit City, PetsMart, Office Depot, T.J. Maxx, Albertsons +, Home Depot (O.B.O.), Anna’s Linens, Ashley Furniture
353,000
 
110,000
 
463,000
Southcliff, I-20 at Grandbury Rd., Ft. Worth
 
Jo-Ann’s Fabrics
116,000
 
0
 
116,000
Broadway, Broadway at 59th St., Galveston
 
Big Lots, Family Dollar
76,000
 
0
 
76,000
Galveston Place, Central City Blvd. at 61st St., Galveston
 
Randall’s +, Office Depot, Hastings, Palais Royal
210,000
 
0
 
210,000
Food King Place, 25th St. at Avenue P, Galveston
 
Arlan’s +
28,000
 
0
 
28,000
Killeen Marketplace, 3200 E. Central Texas Expressway, Killeen
 
Best Buy, Ross Dress for Less, Staples, Home Depot (O.B.O.)
115,000
 
136,000
 
251,000
Cedar Bayou, Bayou Rd., La Marque
 
Dollar General
15,000
 
31,000
 
46,000
North Creek Plaza, Del Mar Blvd. at Hwy. I-35, Laredo
 
Old Navy, Bed Bath & Beyond, Best Buy, Target (O.B.O.), H.E.B. + (O.B.O.), Marshall’s
245,000
 
206,000
 
451,000
Plantation Centre, Del Mar Blvd. at McPherson Rd., Laredo
 
H.E.B. +, Blockbuster
135,000
 
0
 
135,000
League City Plaza, I-45 at F.M. 518, League City
 
Kroger +, Spec’s Liquor Warehouse
126,000
 
0
 
126,000
Central Plaza, Loop 289 at Slide Rd., Lubbock
 
Bed Bath & Beyond, Old Navy, Staples
152,000
 
0
 
152,000
Northtown Plaza, 1st St. at University Plaza, Lubbock
 
United Supermarket +, Family Dollar
74,000
 
0
 
74,000
Town & Country, 4th St. at University, Lubbock
 
Hasting’s Records & Books
50,000
 
0
 
50,000
Angelina Village, Hwy. 59 at Loop 287, Lufkin
 
Randall’s +, Kmart, Clark’s, Ashley Furniture
257,000
 
0
 
257,000
Independence Plaza, Town East Blvd., Mesquite
 
Sack & Save +, Babies “R” Us
179,000
 
0
 
179,000
H.E.B. Center, S. 10th St. at Houston St., McAllen
 
H.E.B. +
52,000
* !
52,000
 
104,000
Las Tiendas Plaza, Expressway 83 at McColl Rd., McAllen
 
Target (O.B.O.), Mervyn’s (O.B.O.), Academy, Conn’s, Ross Dress for Less, Marshall’s, Office Depot
144,000
* !
386,000
 
530,000
Market at Nolana, Nolana Ave. at 29th St, McAllen
   
0
# * !
0
 
0
Northcross, N. 10th St. at Nolana Loop, McAllen
 
Barnes & Noble, Blockbuster
38,000
* !
38,000
 
76,000
Old Navy Building, 1815 10th Street, McAllen
 
Old Navy
8,000
* !
7,000
 
15,000
Sharyland Towne Crossing, Shary Rd. at Hwy. 83, Mission
 
Vacant
0
# * !
0
 
0
Sharyland Towne Crossing Phase II, Shary Rd. at North Hwy. 83, Mission
 
Vacant
0
# * !
0
 
0
Custer Park, SWC Custer Road at Parker Road, Plano
 
Kroger + (O.B.O), Dollar General
116,000
 
65,000
 
181,000
Pitman Corners, Custer Road at West 15th, Plano
 
Albertsons +, Tuesday Morning
190,000
 
0
 
190,000
Gillham Circle, Gillham Circle at Thomas, Port Arthur
 
Family Dollar
33,000
 
0
 
33,000
Starr Plaza, U.S. Hwy. 83 at Bridge St., Rio Grande City (50%)
 
H.E.B.+, Beall’s
32,000
* !
32,000
 
64,000

 
 
 
Page 20

 

Weingarten Realty Investors
Property Listing at June 30, 2006
               
               
     
Gross Leasable Area
     
WRI
 
Others
 
 
Center and Location
 
Anchors
Owned
 
(O.B.O.)
 
Total
               
Texas (Excluding Houston & Harris Co.), (Cont’d)
             
               
Rockwall, I-30 at Market Center Street, Rockwall
 
Office Max, Petco, Pier 1, Ross Dress for Less, Old Navy, Linens ‘N Things, Michael’s
209,000
 
0
 
209,000
Plaza, Ave. H at Eighth Street, Rosenberg
 
Burke’s Outlet, 99 Cents Only
41,000
*
41,000
 
82,000
Rose-Rich, U.S. Hwy. 90A at Lane Dr., Rosenberg
 
Family Dollar, Palais Royal
104,000
 
0
 
104,000
Round Rock Towne Ctr., Gattis School Rd. at A. W. Grimes Blvd., Round Rock
 
Randall’s + (O.B.O.)
45,000
 
59,000
 
104,000
Lake Pointe Market Center, Dalrock Rd. at Lakeview Pkwy., Rowlett
 
Tom Thumb + (O.B.O.), Walgreen’s (O.B.O.)
40,000
 
81,000
 
121,000
Boswell Towne Center, Highway 287 at Bailey Boswell Rd., Saginaw
 
Albertsons + (O.B.O)
26,000
 
62,000
 
88,000
Fiesta Trails, I-10 at DeZavala Rd., San Antonio
 
H. E. B. + (O.B.O), Target (O.B.O.), Barnes & Noble, Cost Plus, Regal Cinema, Marshall’s, Office Max, SteinMart, Petco, Anna’s Linens
312,000
 
176,000
 
488,000
Oak Park Village, Nacogdoches at New Braunfels, San Antonio
 
H. E. B. +
65,000
 
0
 
65,000
Parliament Square, W. Ave. at Blanco, San Antonio
 
Bernina New Home Sewing Center
120,000
 
0
 
120,000
Thousand Oaks, Thousand Oaks Dr. at Jones Maltsberger Rd., San Antonio
 
H. E. B. +, Beall’s, Tuesday Morning
163,000
 
0
 
163,000
Valley View, West Ave. at Blanco Rd., San Antonio
 
Marshall’s, Blockbuster, Dollar Tree
90,000
 
0
 
90,000
First Colony Commons, Hwy. 59 at Williams Trace Blvd., Sugar Land
 
Babies “R” Us, Conn’s, Michael’s, Office Depot, Home Depot
410,000
 
0
 
410,000
Market at Town Center, Town Center Blvd., Sugar Land
 
Old Navy, Barnes & Noble, Marshall’s, Linens ‘N Things, DSW Shoe Warehouse, Ross Dress for Less, Lane Furniture
345,000
 
0
 
345,000
New Boston Road, New Boston at Summerhill, Texarkana
 
Rehkopf’s Grocery +, CVS/pharmacy, Salvation Army
97,000
 
0
 
97,000
Island Market Place, 6th St. at 9th Ave., Texas City
 
Food King +
27,000
 
0
 
27,000
Palmer Plaza, F.M. 1764 at 34th St., Texas City
 
Randall’s +, Big Lots (O.B.O.), Dollar Tree
97,000
 
100,000
 
197,000
Tomball Marketplace, FM 2920 and Proposed State Hwy 249, Tomball
 
Vacant
0
#
0
 
0
Broadway, S. Broadway at W. 9th St., Tyler
 
SteinMart
60,000
 
0
 
60,000
Crossroads, I-10 at N. Main, Vidor
 
Market Basket +, Beall’s, Baskin’s, Burke’s Outlet
116,000
 
0
 
116,000
               
Florida, Total 
   
4,284,000
 
1,073,000
 
5,357,000
Boca Lyons, Glades Rd. at Lyons Rd., Boca Raton
 
Ross Dress for Less, Ethan Allen
117,000
 
0
 
117,000
Sunset 19, US Hwy. 19 at Sunset Pointe Rd., Clearwater
 
Publix +, Bed Bath & Beyond, Staples, Comp USA, Barnes & Noble, Sports Authority, Old Navy
273,000
 
0
 
273,000
Embassy Lakes, Sheraton St. at Hiatus Rd., Cooper City
 
Winn Dixie +, Walgreen’s, Tuesday Morning
132,000
 
48,000
 
180,000
Shoppes at Paradise Isle, 34940 Emerald Coast Pkwy, Destin (25%)
 
Best Buy, Linens N' Things, Michaels, Office Depot, PetsMart
43,000
* !
129,000
 
172,000
Hollywood Hills Plaza, Hollywood Blvd. at North Park Rd., Hollywood
 
Publix +, Target, CVS/pharmacy
365,000
 
0
 
365,000
Indian Harbour Place, East Eau Gallie Boulevard, Indian Harbour Beach (25%)
 
Beall's, Publix
41,000
*!
123,000
 
164,000
Argyle Village, Blanding at Argyle Forest Blvd., Jacksonville
 
Bed Bath & Beyond, Publix +, T.J. Maxx, Babies “R” Us, Jo-Ann’s Fabrics
305,000
 
0
 
305,000
T.J. Maxx Plaza, 117th Avenue at Sunset Blvd., Kendall
 
T.J. Maxx, Winn Dixie +
162,000
 
0
 
162,000
Largo Mall, Ulmerton Rd. at Seminole Ave., Largo
 
Beall’s Department Stores, Marshall’s, PetsMart, Bed Bath & Beyond, Staples, Michael’s, Target (O.B.O.), Albertsons + (O.B.O.)
378,000
 
198,000
 
576,000
Lake Washington Crossing, Wickham Rd. at Lake Washington Rd., Melbourne (25%)
 
Publix +, Beall’s Outlet Stores
30,000
* !
89,000
 
119,000
Lake Washington Square, Wickham Rd. at Lake Washington Rd., Melbourne
 
Albertsons +
112,000
 
0
 
112,000
Tamiami Trail Shops, S.W. 8th St. at S.W. 137th Ave., Miami
 
Publix +, CVS/pharmacy
111,000
 
0
 
111,000
Northridge, E. Commercial Blvd. at Dixie Hwy., Oakland Park
 
Publix +, Petco, Ross Dress for Less, Anna's Linen
234,000
 
0
 
234,000
Colonial Plaza, E. Colonial Dr. at Primrose Dr., Orlando
 
Staples, Circuit City, Ross Dress for Less, Linens ‘N Things, Babies “R” Us, Marshall’s, Old Navy, SteinMart, Barnes & Noble, Petco
488,000
 
0
 
488,000
Herndon Plaza, East Colonial Dr. at Maguire Boulevard, Orlando
 
Bed Bath & Beyond, Petsmart, Jo Ann Fabrics, Becky's
133,000
*
133,000
 
266,000
Market at Southside, Michigan Ave. at Delaney Ave., Orlando
 
Ross Dress for Less, Beall’s Outlet Stores, Dollar Tree, Albertsons + (O.B.O.)
97,000
 
65,000
 
162,000
Phillips Landing, Turkey Lake Rd., Orlando
 
Wal-Mart (O.B.O)
0
#
0
 
0
Town Center at Timber Springs, Timber Springs Blvd. at Avalon Blvd., Orlando
 
Wal-Mart Neighborhood Market + (O.B.O.)
0
#
0
 
0
Westland Terrace Plaza, SR 50 at Apopka Vineland Rd., Orlando
 
T.J. Maxx, Petco, Shoe Carnival, Super Target + (O.B.O.)
68,000
 
183,000
 
251,000
University Palms, Alafaya Trail at McCullough Rd., Oviedo
 
Publix +, Blockbuster
99,000
 
0
 
99,000
Shoppes of Parkland, Hillsboro Boulevard at State Road #7, Parkland
 
BJ's Wholesale Club
146,000
 
0
 
146,000
Flamingo Pines, Pines Blvd. at Flamingo Rd., Pembroke Pines
 
Publix +, U.S. Post Office, Keiser College
257,000
 
105,000
 
362,000
Pembroke Commons, University at Pines Blvd., Pembroke Pines
 
Publix +, Marshall’s, Office Depot, LA Fitness
316,000
 
0
 
316,000

 
 
Page 21

 

Weingarten Realty Investors
Property Listing at June 30, 2006
               
               
     
Gross Leasable Area
     
WRI
 
Others
 
 
Center and Location
 
Anchors
Owned
 
(O.B.O.)
 
Total
               
Florida, (Cont’d.)
             
Publix at Laguna Isles, Sheridan St. at SW 196th Ave., Pembroke Pines
 
Publix +
69,000
 
0
 
69,000
Vizcaya Square, Nob Hill Rd. at Cleary Blvd., Plantation
 
Winn Dixie +
108,000
 
0
 
108,000
Venice Pines Plaza, Center Rd. at Jacaranda Blvd., Venice
 
Kash N Karry +
97,000
 
0
 
97,000
Winter Park Corners, Aloma Ave. at Lakemont Ave., Winter Park
 
Whole Foods Market +, Outback Steakhouse
103,000
 
0
 
103,000
               
California, Total
   
3,556,000
 
452,000
 
4,008,000
Centerwood Plaza, Lakewood Blvd. at Alondra Dr., Bellflower
 
Bestway Supermarket +, Hollywood Video
71,000
 
0
 
71,000
Southampton Center, IH-780 at Southampton Rd., Benecia
 
Raley’s +, Hollywood Video
162,000
 
0
 
162,000
580 Marketplace, E. Castro Valley at Hwy. I-580, Castro Valley
 
P. W. Supermarkets +, PETCO
100,000
 
0
 
100,000
Chino Hills Marketplace, Chino Hills Pkwy. at Pipeline Ave., Chino Hills
 
Rite Aid, Von’s +, 24 Hour Fitness, Dollar Tree
320,000
 
0
 
320,000
Buena Vista Marketplace, Huntington Dr. at Buena Vista St., Duarte
 
Ralphs +, Blockbuster
91,000
 
0
 
91,000
El Camino Promenade, El Camino Real at Via Molena, Encinitas
 
T.J. Maxx, AMC Theater, Beverages & More
111,000
 
0
 
111,000
Freedom Centre, Freedom Blvd. At Airport Blvd., Freedom
 
Rite Aide, Big Lots
151,000
 
0
 
151,000
Fremont Gateway Plaza, Paseo Padre Pkwy. at Walnut Ave., Fremont
 
Raley’s +, NAZ Cinema, 24 Hour Fitness
195,000
 
0
 
195,000
Hallmark Town Center, W. Cleveland Ave. at Stephanie Ln., Madera
 
Food 4 Less + , Bally’s
85,000
 
0
 
85,000
Menifee Town Center, Antelope Rd. at Newport Rd., Menifee
 
Ralphs +, Target (O.B.O.), Ross Dress for Less
124,000
 
124,000
 
248,000
Marshall’s Plaza, McHenry at Sylvan Ave., Modesto
 
Marshall’s, Dress Barn, Guitar Center
79,000
 
0
 
79,000
Prospectors Plaza, Missouri Flat Rd. at US Hwy. 50, Placerville
 
Albertsons +, Kmart, Long’s Drug Store
228,000
 
0
 
228,000
Shasta Crossroads, Churn Creek Rd. at Dana Dr., Redding
 
Food Maxx +, Target (O.B.O.), Sport Authority (O.B.O.), Ashley Furniture (O.B.O.)
121,000
 
131,000
 
252,000
Ralphs Redondo, Hawthorne Blvd. at 182nd St., Redondo Beach
 
Ralphs +
67,000
 
0
 
67,000
Arcade Square, Watt Ave. at Whitney Ave., Sacramento
 
Grocery Outlet +, Hollywood Video
76,000
 
0
 
76,000
Discovery Plaza, W. El Camino Ave. at Truxel Rd., Sacramento
 
Bel Air Market +, Blockbuster
93,000
 
0
 
93,000
Summerhill Plaza, Antelope Rd. at Lichen Dr., Sacramento
 
Raley’s +, Blockbuster
134,000
 
0
 
134,000
Valley,Franklin Boulevard and Mack Road, Sacramento
 
Rayley's +, Hollywood Video
98,000
 
0
 
98,000
Silver Creek Plaza, E. Capital Expressway at Silver Creek Blvd., San Jose
 
Safeway +, Walgreen’s, Orchard Supply (O.B.O.)
131,000
 
65,000
 
196,000
Greenhouse Marketplace, Lewelling Blvd. at Washington Ave., San Leandro
 
Safeway + (O.B.O.), Longs Drug Stores (O.B.O.), Big Lots, 99 Cents Only, Factory 2 U
151,000
 
87,000
 
238,000
Rancho San Marcos Village, San Marcos Blvd. at Rancho Santa Fe Rd., San Marcos
 
Von’s + , 24 Hour Fitness
121,000
 
0
 
121,000
San Marcos Plaza, San Marcos Blvd. at Rancho Santa Fe Rd., San Marcos
 
Albertsons + (O.B.O.), Blockbuster
36,000
 
45,000
 
81,000
Stony Point Plaza, Stony Point Rd. at Hwy. 12, Santa Rosa
 
Food Maxx +, Hollywood Video
199,000
 
0
 
199,000
Sunset Center, Sunset Ave. at State Hwy. 12, Suisun City
 
Albertsons +, Rite Aid
85,000
 
0
 
85,000
Creekside Center, Alamo Dr. at Nut Creek Rd., Vacaville
 
Raley’s +, Blockbuster
116,000
 
0
 
116,000
Westminster Center, Westminster Blvd. at Golden West St., Westminster
 
Albertsons +, Home Depot, Edward’s Cinema, Rite Aid, Petco
411,000
 
0
 
411,000
               
Louisiana, Total 
   
1,792,000
 
1,264,000
 
3,056,000
Siegen Plaza, Siegen Lane at Honore Lane, Baton Rouge
 
Super Target + (O.B.O.), Ross Dress for Less, Conn’s, Petco
155,000
 
194,000
 
349,000
Park Terrace, U.S. Hwy. 171 at Parish, DeRidder
 
Stage, JC Penney
137,000
 
0
 
137,000
Town & Country Plaza, U.S. Hwy. 190 West, Hammond
 
Winn Dixie +, Office Depot, CVS/pharmacy, Goody’s
227,000
 
0
 
227,000
Manhattan Place, Manhattan Blvd. at Gretna Blvd., Harvey
 
Target (O.B.O.), Ross Dress for Less, Stage
133,000
 
125,000
 
258,000
Ambassador Plaza, Ambassador Caffery at W. Congress, Lafayette
 
Albertsons + (O.B.O.), Blockbuster
29,000
 
73,000
 
102,000
River Marketplace, Ambassador Caffery at Kaliste Saloom, Lafayette (20%)
 
Ross Dress for Less, Stage, Cost Plus, Super Target + (O.B.O.), Books A Million
34,000
* !
307,000
 
341,000
Westwood Village, W. Congress at Bertrand, Lafayette
 
Stage, Graham Central Station, Blockbuster
141,000
 
0
 
141,000
Conn’s Building, Ryan at 17th St., Lake Charles
 
Planet Pets
23,000
 
0
 
23,000
14/Park Plaza, Hwy. 14 at General Doolittle, Lake Charles
 
Kroger +, Stage, Conn’s
207,000
 
0
 
207,000
Kmart Plaza, Ryan St., Lake Charles
 
Albertsons +, Kmart, Stage
105,000
* !
105,000
 
210,000


 
 
 
Page 22

 
 

Weingarten Realty Investors
Property Listing at June 30, 2006
               
               
     
Gross Leasable Area
     
WRI
 
Others
 
 
Center and Location
 
Anchors
Owned
 
(O.B.O.)
 
Total
               
Louisiana, (Cont'd)
             
Prien Lake Plaza, Prien Lake Rd. at Nelson Rd., Lake Charles
 
Target (O.B.O.), Marshall’s, Ross Dress for Less, Bed Bath & Beyond
127,000
 
125,000
 
252,000
Southgate, Ryan at Eddy, Lake Charles
 
Market Basket +, Office Depot, Books A Million
171,000
 
0
 
171,000
Orleans Station, Paris, Robert E. Lee at Chatham, New Orleans
   
5,000
 
0
 
5,000
Danville Plaza, Louisville at 19th, Monroe
 
County Market +, Citi Trends, Surplus Warehouse
144,000
 
0
 
144,000
University Place, 70th St. at Youree Dr., Shreveport (20%)
 
Super Target + (O.B.O.), Best Buy, T.J. Maxx, CVS/pharmacy, Bed Bath & Beyond
41,000
* !
335,000
 
376,000
Westwood, Jewella at Greenwood, Shreveport
 
Super 1 Grocery +, Citi Trends
113,000
 
0
 
113,000
               
Nevada, Total 
   
2,413,000
 
747,000
 
3,160,000
Eastern Horizon, Eastern Ave. at Horizon Ridge Pkwy., Henderson
 
Kmart + (O.B.O.)
67,000
 
144,000
 
211,000
Best in the West Shopping Center, Rainbow at Lake Mead Rd., Las Vegas
 
Best Buy, Borders, Bed Bath & Beyond, Babies ‘R’ Us, DSW Shoes, Office Depot, Old Navy, PetsMart, Jo-Ann Stores, Copeland Sports
437,000
 
0
 
437,000
Francisco Centre, E. Desert Inn Rd. at S. Eastern Ave., Las Vegas
 
Ross Dress for Less (O.B.O.), Sav-On Drug, La Bonita Grocery
116,000
 
32,000
 
148,000
Mission Center, Flamingo Rd. at Maryland Pkwy, Las Vegas
 
Sav-On Drug (O.B.O.), Albertsons + (O.B.O.), Toys “R” Us, T.J. Maxx
152,000
 
55,000
 
207,000
Paradise Marketplace, Flamingo Rd. at Sandhill, Las Vegas
 
Smith’s Food +, Dollar Tree
149,000
 
0
 
149,000
Rainbow Plaza, Rainbow Blvd. at Charleston Blvd., Las Vegas
 
Albertsons +, JC Penney, Ultimate Electronics, Home Depot, 24 Hour Fitness
410,000
 
0
 
410,000
Rancho Towne & Country, Rancho Dr. at Charleston Blvd., Las Vegas
 
Smith’s Food +
87,000
 
0
 
87,000
Tropicana Beltway S. C., Tropicana Beltway at Fort Apache Rd., Las Vegas
 
Lowe’s (O.B.O.), Wal-Mart Supercenter + (O.B.O.), PetsMart, Office Depot, Ross Dress for Less, 99 Cent Only, Sports Authority
122,000
* !
516,000
 
638,000
Tropicana Marketplace, Tropicana at Jones Blvd., Las Vegas
 
Smith’s Food +, Family Dollar
143,000
 
0
 
143,000
Westland Fair, Charleston Blvd. At Decatur Blvd., Las Vegas
 
Wal-Mart Supercenter +, Lowe’s, PetsMart, Office Depot, Michaels
566,000
 
0
 
566,000
College Park, E. Lake Mead Blvd. at Civic Ctr. Dr., North Las Vegas
 
Albertsons +, Sav-On Drug
164,000
 
0
 
164,000
               
North Carolina, Total 
   
2,380,000
 
608,000
 
2,988,000
Capital Square, Capital Blvd. at Huntleigh Dr., Cary
 
Food Lion +
157,000
 
0
 
157,000
Harrison Pointe Center, Harrison Ave. at Maynard Rd., Cary
 
Harris Teeter +, Staples
124,000
 
0
 
124,000
High House Crossing, NC Hwy 55 at Green Level W. Rd., Cary
 
Harris Teeter +
90,000
 
0
 
90,000
Northwoods Market, Maynard Rd. at Harrison Ave., Cary
 
Food Lion +
78,000
 
0
 
78,000
Parkway Pointe, Cory Parkway at S. R. 1011, Cary
 
Food Lion +, Eckerd’s
80,000
 
0
 
80,000
Chatham Crossing, US 15/501 at Plaza Dr., Chapel Hill (25%)
 
Lowes Food +, CVS/Pharmacy
24,000
* !
72,000
 
96,000
Johnston Road Plaza, Johnston Rd. at McMullen Creek Pkwy., Charlotte
 
Food Lion+
80,000
 
0
 
80,000
Steele Creek Crossing, York Rd. at Steele Creek Rd., Charlotte
 
BI-LO +, Eckerd’s
77,000
 
0
 
77,000
Whitehall Commons, NWC of Hwy. 49 at I-485, Charlotte
 
Blockbuster, Wal-Mart Supercenter + (O.B.O.), Lowes (O.B.O.), BI-LO + (O.B.O.)
33,000
 
403,000
 
436,000
Bull City Market, Broad St. at West Main St., Durham
 
Whole Foods Market +
43,000
 
0
 
43,000
Durham Festival, Hillsborough Rd. at LaSalle St., Durham
 
Kroger +
134,000
 
0
 
134,000
Mineral Springs Village, Mineral Springs Rd. at Wake Forest Rd., Durham
 
Food Lion +, Eckerd’s
58,000
 
0
 
58,000
Ravenstone Commons, Hwy 98 at Sherron Rd., Durham
 
Food Lion +, Blockbuster
60,000
 
0
 
60,000
Waterford Village, US Hwy 17 & US Hwy 74/76, Leland (75%)
 
Harris Teeter +
0
# *
0
 
0
Pinecrest Plaza, Hwy. 15-501 at Morganton Rd., Pinehurst
 
Food Lion +, Michael’s, Goody’s, Belk’s
250,000
 
0
 
250,000
Avent Ferry, Avent Ferry Rd. at Gorman St., Raleigh
 
Food Lion +
117,000
 
0
 
117,000
Falls Pointe, Neuce Rd. at Durant Rd., Raleigh
 
Harris Teeter +, Kohl’s (O.B.O.)
103,000
 
86,000
 
189,000
Leesville Town Centre, Leesville Rd. at Leesville Church Rd., Raleigh
 
Harris Teeter +
114,000
 
0
 
114,000
Lynnwood Collection, Creedmoor Rd at Lynn Road, Raleigh
 
Kroger +
86,000
 
0
 
86,000
Six Forks Station, Six Forks Rd. at Strickland Rd., Raleigh
 
Kmart, Home Depot, Food Lion +, Bed Bath & Beyond
468,000
 
0
 
468,000
Stonehenge Market, Creedmoor Rd. at Bridgeport Dr., Raleigh
 
Harris Teeter +, SteinMart, Eckerd’s
188,000
 
0
 
188,000
Heritage Station, Forestville Rd. at Rogers Rd., Wake Forest (25%)
 
Harris Teeter +
16,000
* !
47,000
 
63,000
The Shoppes at Caveness Farms, Capitol Boulevard and Caveness Farms Avenue, Wake Forest
   
0
#
0
 
0


 
Page 23

 

Weingarten Realty Investors
Property Listing at June 30, 2006
               
               
     
Gross Leasable Area
     
WRI
 
Others
 
 
Center and Location
 
Anchors
Owned
 
(O.B.O.)
 
Total
               
Arizona, Total 
   
1,305,000
 
826,000
 
2,131,000
Palmilla Center, Dysart Rd. at McDowell Rd., Avondale
 
Office Max, PetsMart, Dollar Tree, Fry’s Supermarket + (O.B.O.)
104,000
 
65,000
 
169,000
Raintree Ranch, Ray Road at Price Road, Chandler
 
Whole Foods
0
#
60,000
 
60,000
University Plaza, Plaza Way at Milton Rd., Flagstaff
 
PetsMart, Safeway +, Ross Dress for Less, Bed Bath & Beyond
162,000
 
0
 
162,000
Val Vista Towne Center, Warner at Val Vista Rd., Gilbert
 
Target (O.B.O.), Staples, Ross Dress for Less, Petco
93,000
 
123,000
 
216,000
Arrowhead Festival, 75th Ave. at W. Bell Rd., Glendale
 
Borders (O.B.O.), Sports Authority (O.B.O.), Toys “R” Us (O.B.O.), Bed Bath & Beyond (O.B.O.)
30,000
 
147,000
 
177,000
Fry’s Ellsworth Plaza, Broadway Rd. at Ellsworth Rd., Mesa
 
Fry’s Supermarket + (O.B.O.)
9,000
 
65,000
 
74,000
Monte Vista Village Center, Baseline Rd. at Ellsworth Rd., Mesa
 
Safeway + (O.B.O.)
46,000
 
58,000
 
104,000
Red Mountain Gateway, Power Rd. at McKellips Rd., Mesa
 
Target (O.B.O.), Bed Bath & Beyond, Famous Footwear
70,000
 
136,000
 
206,000
Camelback Village Square, Camelback at 7th Avenue, Phoenix
 
Fry’s Supermarket +, Target (O.B.O.), Office Max
135,000
 
100,000
 
235,000
Laveen Village Market, Baseline Rd. at 51st St., Phoenix
 
Fry’s Supermarket + (O.B.O.)
36,000
 
72,000
 
108,000
Rancho Encanto, 35th Avenue at Greenway Rd., Phoenix
 
Blockbuster
74,000
 
0
 
74,000
Squaw Peak Plaza, 16th Street at Glendale Ave., Phoenix
 
Basha’s +
61,000
 
0
 
61,000
Fountain Plaza, 77th St. at McDowell, Scottsdale
 
Fry’s Supermarket +, Dollar Tree
105,000
 
0
 
105,000
Basha Valley Plaza, S. McClintock at E. Southern, Tempe
 
Basha’s +
145,000
 
0
 
145,000
Broadway Marketplace, Broadway at Rural, Tempe
 
Office Max, Ace Hardware
83,000
 
0
 
83,000
Pueblo Anozira, McClintock Dr. at Guadalupe Rd., Tempe
 
Fry’s Food & Drug +, Petco, Dollar Tree
152,000
 
0
 
152,000
               
New Mexico, Total 
   
1,182,000
 
397,000
 
1,579,000
Eastdale, Candelaria Rd. at Eubank Blvd., Albuquerque
 
Albertsons +, Family Dollar
118,000
 
0
 
118,000
North Towne Plaza, Academy Rd. at Wyoming Blvd., Albuquerque
 
Whole Foods Market +, Borders
103,000
 
0
 
103,000
Pavilions at San Mateo, I-40 at San Mateo, Albuquerque
 
Comp USA, Old Navy, Shoe Show, Circuit City, Linens ‘N Things
196,000
 
0
 
196,000
Plaza at Cottonwood, Coors Bypass Blvd. at Seven Bar Loop Rd., Albuquerque
 
Staples, PetsMart, Wal-Mart Supercenter +(O.B.O.), Home Depot (O.B.O.)
84,000
 
334,000
 
418,000
Valle del Sol, Isleta Blvd. at Rio Bravo, Albuquerque
 
Albertsons +, Walgreen’s
106,000
 
0
 
106,000
Wyoming Mall, Academy Rd. at Northeastern, Albuquerque
 
John Brooks Grocery +
326,000
 
0
 
326,000
DeVargas, N. Guadalupe at Paseo de Peralta, Santa Fe
 
Albertsons + (O.B.O.), Osco Drugs, Ross Dress for Less, Office Depot, Hastings, United Artists
249,000
 
63,000
 
312,000
               
Colorado, Total 
   
1,212,000
 
1,622,000
 
2,834,000
Aurora City Place, E. Alameda at I225, Aurora
 
PetsMart, Sportsman Warehouse, Linens ‘N Things, Barnes & Noble, Comp USA, Ross Dress For Less, Super Target + (O.B.O.), Pier 1
173,000
*
355,000
 
528,000
Bridges at Smoky Hill, Smoky Hill Rd. at S. Picadilly St., Aurora
 
Rite Aid (O.B.O.)
10,000
*
49,000
 
59,000
Academy Place, Academy Blvd. at Union Blvd., Colorado Springs
 
Safeway + (O.B.O.), Ross Dress For Less (O.B.O.), Target (O.B.O.)
84,000
 
177,000
 
261,000
Carefree, Academy Blvd. at N. Carefree Circle, Colorado Springs
 
Safeway +
127,000
 
0
 
127,000
Uintah Gardens, NEC 19th St. at West Uintah, Colorado Springs
 
King Sooper’s, Walgreens
212,000
 
0
 
212,000
Green Valley Ranch Towne Center, Tower Rd. at 48th Ave., Denver (37%)
 
King Sooper’s + (O.B.O.)
17,000
* !
87,000
 
104,000
Lowry Town Center, 2nd Ave. at Lowry Ave., Denver
 
Albertsons + (O.B.O.)
39,000
*
92,000
 
131,000
Gold Creek Center, Hwy. 86 at Elizabeth St., Elizabeth
 
Safeway + (O.B.O.)
13,000
*
67,000
 
80,000
City Center Englewood, S. Santa Fe at Hampden Ave., Englewood
 
Wal-Mart (O.B.O.), Ross Dress for Less, Gart Sports, Office Depot, Bally Total Fitness, Petco
217,000
 
90,000
 
307,000
Glenwood Meadows, Midland Ave. at W. Meadows, Glenwood Springs (41%)
 
Target (O.B.O.), Pier 1, Gart Sports, Bed Bath & Beyond, Petco, Lowe's
92,000
* !
258,000
 
350,000
University Park, Highlands Ranch at University Blvd., Highlands Ranch (40%)
 
Whole Foods Market +
35,000
* !
53,000
 
88,000
Crossing at Stonegate, Jordon Rd. at Lincoln Ave., Parker (38%)
 
King Sooper’s +
41,000
*
68,000
 
109,000
Thorncreek Crossing, Washington St. at 120th St., Thornton
 
Target (O.B.O.), Barnes & Noble, Office Max, Michael’s, Pier 1, Cost Plus, Linens ‘N Things
106,000
*
280,000
 
386,000
Westminster Plaza, North Federal Blvd. at 72nd Ave., Westminster
 
Safeway +
46,000
*
46,000
 
92,000


 

 
Page 24

 

Weingarten Realty Investors
Property Listing at June 30, 2006
               
               
     
Gross Leasable Area
     
WRI
 
Others
 
 
Center and Location
 
Anchors
Owned
 
(O.B.O.)
 
Total
               
Kansas, Total 
   
251,000
 
0
 
251,000
Shawnee Village, Shawnee Mission Pkwy. at Quivera Rd., Shawnee
 
Burlington Coat Factory
135,000
 
0
 
135,000
Kohl’s, Wanamaker Rd. at S.W. 17th St., Topeka
 
Barnes & Noble, Kohl’s Department Store
116,000
 
0
 
116,000
               
Oklahoma, Total 
   
654,000
 
48,000
 
702,000
Bryant Square, Bryant Ave. at 2nd St., Edmond
 
Bed Bath & Beyond, SteinMart, Ross Dress for Less
282,000
 
0
 
282,000
Market Boulevard, E. Reno Ave. at N. Douglas Ave., Midwest City
 
Colortyme
36,000
 
0
 
36,000
Town & Country, Reno Ave at North Air Depot, Midwest City
 
Office Depot, Big Lots, Westlake Hardware
138,000
 
0
 
138,000
Windsor Hills Center, Meridian at Windsor Place, Oklahoma City
 
Big Lots, Crest Foods + (O.B.O.)
198,000
 
48,000
 
246,000
               
Arkansas, Total 
   
508,000
 
0
 
508,000
Geyer Springs, Geyer Springs at Baseline, Little Rock
 
Budget Saver +, Citi Trends
153,000
 
0
 
153,000
Markham Square, W. Markham at John Barrow, Little Rock
 
Burlington Coat Factory
127,000
 
0
 
127,000
Markham West, 11400 W. Markham, Little Rock
 
Office Depot, Michael’s, Academy, Bassett Furniture, Dollar Tree
178,000
 
0
 
178,000
Westgate, Cantrell at Bryant, Little Rock
 
SteinMart
50,000
 
0
 
50,000
               
Tennessee, Total 
   
576,000
 
0
 
576,000
Bartlett Towne Center, Bartlett Blvd. at Stage Rd., Bartlett
 
Kroger +, Petco, Dollar Tree, Shoe Carnival
179,000
 
0
 
179,000
Commons at Dexter Lake, Dexter at N. Germantown, Memphis
 
Kroger +, SteinMart, Marshall’s, Samuel's Furniture and Interior
229,000
 
0
 
229,000
Highland Square, Summer at Highland, Memphis
 
Walgreen’s
14,000
 
0
 
14,000
Summer Center, Summer Ave. at Waring Rd., Memphis
 
Kroger +, Ross Dress for Less
154,000
 
0
 
154,000
               
Missouri, Total 
   
231,000
 
28,000
 
259,000
Ballwin Plaza, Manchester Rd. at Vlasis Dr., Ballwin
 
Schnucks +, Michael’s, Sears
203,000
 
0
 
203,000
Western Plaza, Hwy 141 at Hwy 30, Fenton
 
Big Lots
28,000
* !
28,000
 
56,000
               
Georgia, Total 
   
802,000
 
228,000
 
1,030,000
Brookwood Square, East-West Connector at Austell Rd., Austell
 
Marshall’s, Staples, Home Depot
253,000
 
0
 
253,000
Thompson Bridge Commons, Thompson Bridge Rd. at Mt. Vernon Rd., Gainesville
 
Kroger +
78,000
 
0
 
78,000
Grayson Commons Shopping Center, Grayson Hwy at Rosebud Rd., Grayson
 
Kroger +
77,000
 
0
 
77,000
Village Shoppes of Sugarloaf, Sugarloaf Pkwy at Five Forks Trickum Rd., Lawrenceville
 
Publix +
148,000
 
0
 
148,000
Sandy Plains Exchange, Sandy Plains at Scufflegrit, Marietta
 
Publix +
73,000
 
0
 
73,000
Brownsville Commons, Brownsville Road and Hiram-Lithia Springs Road, Powder Springs
 
Kroger (O.B.O.)
28,000
 
54,000
 
82,000
Roswell Corners, Woodstock Rd. at Hardscrabble Rd., Roswell
 
Staples, T.J. Maxx, Super Target + (O.B.O.)
145,000
 
174,000
 
319,000
               
Utah, Total 
   
292,000
 
341,000
 
633,000
Alpine Valley Center, Main St. at State St., American Fork (33%)
 
Target (O.B.O.), Old Navy, Pier 1, Dollar Tree, Office Depot
22,000
* !
178,000
 
200,000
Taylorsville Town Center, West 4700 South at Redwood Rd., Taylorsville
 
Albertsons + (O.B.O.),Rite Aid
94,000
 
40,000
 
134,000
West Jordan Town Center, West 7000 South at S. Redwood Rd., West Jordan
 
Albertsons + , Office Depot, Target (O.B.O.), Petco, Party City
176,000
 
123,000
 
299,000
               
Illinois, Total 
   
273,000
 
121,000
 
394,000
Lincoln Place Centre, Hwy. 59, Fairview Heights
 
Lowe’s (O.B.O.), Kohl’s Department Store
103,000
 
121,000
 
224,000
Lincoln Place II, Route 159 at Hwy. 50, Fairview Heights
 
Office Depot, Marshall’s, Old Navy, Linens ‘N Things
170,000
 
0
 
170,000


 
 
Page 25

 

Weingarten Realty Investors
Property Listing at June 30, 2006
               
               
     
Gross Leasable Area
     
WRI
 
Others
 
 
Center and Location
 
Anchors
Owned
 
(O.B.O.)
 
Total
               
Maine, Total 
   
154,000
 
51,000
 
205,000
The Promenade, Essex at Summit, Lewiston (75%)
 
Staples, Flagship Cinemas
154,000
*
51,000
 
205,000
               
Kentucky, Total
   
471,000
 
76,000
 
547,000
Millpond Center, Boston at Man O’War, Lexington
 
Kroger +
117,000
 
27,000
 
144,000
Tates Creek, Tates Creek at Man O’ War, Lexington
 
Kroger +, Rite Aid , Do It Best Hardware
185,000
 
0
 
185,000
Festival at Jefferson Court, Outer Loop at Jefferson Blvd., Louisville
 
Kroger +, PetsMart (O.B.O.), Factory Card Outlet, Sofa Express, AJ Wright (O.B.O.)
169,000
 
49,000
 
218,000
               
Washington, Total
   
5,000
 
5,000
 
10,000
Village at Liberty Lake, E. Country Vista Dr. at N. Liberty Rd., Liberty Lake
 
Home Depot (O.B.O)
5000
* !
5,000
 
10,000
               
South Carolina, Total
   
22,000
 
65,000
 
87,000
Fresh Market Shoppes, 890 William Hilton Head Pkwy, Hilton Head (25%)
 
The Fresh Market +
22,000
* !
65,000
 
87,000
               
               
INDUSTRIAL
             
               
Houston and Harris County, Total 
   
3,184,000
 
1,916,000
 
5,100,000
Beltway 8 Business Park, Beltway 8 at Petersham Dr.
 
Terminix, Carrier
158,000
 
0
 
158,000
Blankenship Building, Kempwood Drive
 
Classic Printers
59,000
 
0
 
59,000
Brookhollow Business Center, Dacoma at Directors Row
 
Bristol Babcock, Harris County Appraisal District, Surgeon's Management
133,000
 
0
 
133,000
Central Park Northwest VI, Central Pkwy. at Dacoma
 
Houston Metallurgical Lab, Inc.
175,000
 
0
 
175,000
Central Park Northwest VII, Central Pkwy. at Dacoma
 
Lucent Technologies, Inc.
103,000
 
0
 
103,000
Claywood Industrial Park, Clay at Hollister
 
Academy, Ltd.
330,000
 
0
 
330,000
Crosspoint Warehouse, Crosspoint
 
Foam Enterprises, LLC.
73,000
 
0
 
73,000
Jester Plaza, West T.C. Jester
 
Corporate Care of Houston, Milwaukee Electric Tool Corporation
101,000
 
0
 
101,000
Kempwood Industrial, Kempwood Dr. at Blankenship Dr.
 
Pioneer Contract Services
113,000
 
0
 
113,000
Kempwood Industrial, Kempwood Dr. at Blankenship Dr. (20%)
 
Pioneer Contract Services, Veritas
42,000
* !
165,000
 
207,000
Lathrop Warehouse, Lathrop St. at Larimer St. (20%)
 
United D.C., Inc.
51,000
* !
202,000
 
253,000
Navigation Business Park, Navigation at N. York (20%)
 
Packwell Inc.
47,000
* !
191,000
 
238,000
Northway Park II, Loop 610 East at Homestead (20%)
 
Jet Lube, Inc.
61,000
* !
242,000
 
303,000
Railwood F, Market at U.S. 90 (20%)
 
Shell Oil Company
60,000
* !
240,000
 
300,000
Railwood Industrial Park, Mesa at U.S. 90
 
Distribution International, Advo Systems, Global Stainless Supply, Inc., Houston Central Industries, Inc., USF Distribution
616,000
 
0
 
616,000
Railwood Industrial Park, Mesa at U.S. 90 (20%)
 
Jacobson Warehouse Compay
99,000
* !
399,000
 
498,000
South Loop Business Park, S. Loop at Long Dr. (50%)
 
All Current Electric
46,000
* !
46,000
 
92,000
Southport Business Park 5, South Loop 610
 
USF Surface Preparation
161,000
 
0
 
161,000
Southwest Park II, Rockley Road
 
Bioassay Laboratory, Inc.
68,000
 
0
 
68,000
Stonecrest Business Center, Wilcrest at Fallstone
 
Rentokil, Inc.
111,000
 
0
 
111,000
West-10 Business Center, Wirt Rd. at I-10
 
Aaron’s Office Furniture
129,000
 
0
 
129,000
West-10 Business Center II, Wirt Rd. at I-10
 
Summers Group, Inc.
83,000
 
0
 
83,000
Westgate Service Center, Park Row Drive at Whiteback Dr.
 
Clarion Publishing, Solartron
119,000
 
0
 
119,000
West Loop Commerce Center, W. Loop N. at I-10
 
Inter-Tel Technologies
34,000
 
0
 
34,000
610 at 11th St. Warehouse, Loop 610 at 11th St.
 
Prefco Corp.
105,000
 
0
 
105,000
610 at 11th St. Warehouse, Loop 610 at 11th St. (20%)
 
Iron Mountain, Stone Container
48,000
* !
195,000
 
243,000
610/288 Business Park, Cannon Street (20%)
 
Houston Distribution Services
59,000
* !
236,000
 
295,000
               
Texas (excluding Houston & Harris Co.), Total 
   
3,575,000
 
0
 
3,575,000
Randol Mill Place, Randol Mill Road, Arlington
 
Premier Products
55,000
 
0
 
55,000
Braker 2 Business Center, Kramer Ln. at Metric Blvd., Austin
 
Digital Transaction Group, Inc.
27,000
 
0
 
27,000
Corporate Center I & II, Putnam Dr. at Research Blvd., Austin
 
Phoenix - Lamar Corp, Apria Healthcare, Inc.
117,000
 
0
 
117,000
Oak Hill Business Park, Industrial Oaks Blvd., Austin
 
Terracon, Inc., Nanocoolers, Inc.
90,000
 
0
 
90,000
Rutland 10 Business Center, Metric Blvd. At Centimeter Circle, Austin
 
Minimax, Media Event Concepts, Inc.
54,000
 
0
 
54,000
Southpark A,B,C., East St. Elmo Rd. at Woodward St., Austin
 
HJV Associates, Inc.
78,000
 
0
 
78,000
Southpoint Service Center, Burleson at Promontory Point Dr., Austin
 
K & S Interconnect
54,000
 
0
 
54,000


 
 
Page 26

 

Weingarten Realty Investors
Property Listing at June 30, 2006
               
               
     
Gross Leasable Area
     
WRI
 
Others
 
 
Center and Location
 
Anchors
Owned
 
(O.B.O.)
 
Total
               
INDUSTRIAL, (Cont’d)
             
               
Texas (excluding Houston & Harris Co.), (Cont’d)
             
Wells Branch Corporate Center, Wells Branch Pkwy., Austin
 
RDA Promart
59,000
 
0
 
59,000
1625 Diplomat Drive, SWC Diplomat Dr. at McDaniel Dr., Carrollton
 
Rooftop Systems, Inc.
106,000
 
0
 
106,000
Midway Business Center, Midway at Boyington, Carrollton
 
ProSource, Luxury of Leather
141,000
 
0
 
141,000
Manana Office Center, I-35 at Manana, Dallas
 
Omega Environmental Technologies, Dave & Busters
223,000
 
0
 
223,000
Newkirk Service Center, Newkirk near N.W. Hwy., Dallas
 
Tri-Ed Distribution, Inc., AWC
106,000
 
0
 
106,000
Northaven Business Center, Northaven Rd., Dallas
 
Dillon Gage, Quality Conservation
151,000
 
0
 
151,000
Northeast Crossing Off/Svc Ctr., East N.W. Hwy. at Shiloh, Dallas
 
Capital Title
79,000
 
0
 
79,000
Northwest Crossing Off/Svc Ctr., N.W. Hwy. at Walton Walker, Dallas
 
Corvette World
127,000
 
0
 
127,000
Redbird Distribution Center, Joseph Hardin Drive, Dallas
 
Reid Plastics, Inc. Texwood Industries, L.P.
111,000
 
0
 
111,000
Regal Distribution Center, Leston Avenue, Dallas
 
Document Management Systems, BKM Total Office of Texas, L.P., Global Furniture
203,000
 
0
 
203,000
Space Center Industrial Park, Pulaski St. at Irving Blvd., Dallas
 
Weir’s Furniture Village, Facility Interiors, Inc.
265,000
 
0
 
265,000
McGraw Hill Distribution Center, 420 E. Danieldale Rd, DeSoto
 
McGraw Hill
418,000
 
0
 
418,000
Central Plano Business Park, Klein Rd. at Plano Pkwy., Plano
 
Motion Dynamics, Inc., CK Management
138,000
 
0
 
138,000
Jupiter Service Center, Jupiter near Plano Pkwy., Plano
 
Interceramic Tile, USA Datafax Inc.
78,000
 
0
 
78,000
Sherman Plaza Business Park, Sherman at Phillips, Richardson
 
Leggett & Platt, Inc., The Volkswagen Store
101,000
 
0
 
101,000
Interwest Business Park, Alamo Downs Parkway, San Antonio
 
All-American Sports
218,000
 
0
 
218,000
ISOM Business Park, 919-981 Isom Road, San Antonio
 
Fidelity Output Solutions, Wells Fargo Bank
175,000
 
0
 
175,000
O’Connor Road Business Park, O’Connor Road, San Antonio
 
Ingersoll Rand
150,000
 
0
 
150,000
Freeport Business Center, 13215 N. Promenade Blvd., Stafford
 
Fairfield Industries, Applera Corporation, Gurtwitch Products
251,000
 
0
 
251,000
               
Georgia, Total 
   
1,568,000
 
0
 
1,568,000
Atlanta Industrial Park, Atlanta Industrial Pkwy. at Atlanta Industrial Dr., Atlanta
 
Target Container Co., Sanderson Industries, Inc.
552,000
 
0
 
552,000
Sears Logistics, 3700 Southside Industrial Way, Atlanta
 
Sears Logistics Services, Inc.
403,000
 
0
 
403,000
Southside Industrial Parkway, Southside Industrial Pkwy at Jonesboro Rd., Atlanta
 
Lowe Supply, Inc., Mission Produce, Masco Contractor Services
72,000
 
0
 
72,000
Kennesaw 75, 3850-3900 Kennesaw Prkwy, Kennesaw
 
American Hotel Register Co., Clorox Services Company
178,000
 
0
 
178,000
6485 Crescent Dr., I-85 at Jimmy Carter Blvd., Norcross
 
Zurn, Pax Industries, Inc.
363,000
 
0
 
363,000
               
Tennessee, Total 
   
1,509,000
 
0
 
1,509,000
Crowfarn Drive Warehouse, Crowfarn Dr. at Getwell Rd., Memphis
 
Integris Metals
161,000
 
0
 
161,000
Outland Business Center, Outland Center Dr., Memphis
 
Vistar Corporation, TricorBraun, KMN Modern Farm Equipment, Inc., Quest Communications Corporation
410,000
 
0
 
410,000
Southpoint I & II, Pleasant Hill Rd. at Shelby Dr., Memphis
 
AF Services, Sunnywood Products, Inc., Constar
571,000
 
0
 
571,000
Southwide Warehouses #2-#4, Federal Compress Ind. Pk., Memphis
 
Partners Distribution, Inc.
236,000
 
0
 
236,000
Thomas Street Warehouse, N. Thomas Street, Memphis
 
Vacant
131,000
 
0
 
131,000
               
Florida, Total 
   
1,272,000
 
0
 
1,272,000
Lakeland Industrial Ctr., I-4 at County Rd., Lakeland
 
Rooms to Go, Amware Pallet Services, Publix
600,000
 
0
 
600,000
1801 Massaro, 1801 Massaro Blvd., Tampa
 
MiTek Industries, Inc., Parksite, Inc.
159,000
 
0
 
159,000
Tampa East Portfolio, 1841 Massaro Blvd., Tampa
 
General Electric, Hughes Supply, Interline Brands, GE Polymershapes
513,000
 
0
 
513,000
               
California, Total 
   
1,044,000
 
0
 
1,044,000
1725 Dornoch Industrial, Donroch Court, San Diego
 
Vacant
112,000
 
0
 
112,000
1855 Dornoch Industrial, Dornoch Court, San Diego
 
Vacant
205,000
 
0
 
205,000
Siempre Viva Business Park, Siempre Viva Rd. at Kerns St., San Diego
 
Hitachi Transport, UPS Supply Chain Solutions, Inc., Bose Corp., Air Tiger
727,000
 
0
 
727,000


 
 
Page 27

 
 

Weingarten Realty Investors
Property Listing at June 30, 2006
           
           
   
Gross Leasable Area
   
WRI
 
Others
 
Center and Location
Anchors
Owned
 
(O.B.O.)
Total
           
UNIMPROVED LAND
         
           
Houston & Harris County, Total 
 
2,402,000
   
2,402,000
Bissonnet at Wilcrest
 
175,000
   
175,000
Citadel Plaza at 610 N. Loop
 
137,000
   
137,000
East Orem
 
122,000
   
122,000
Kirkwood at Dashwood Dr.
 
322,000
   
322,000
Mesa Rd. at Tidwell
 
901,000
   
901,000
Northwest Fwy. at Gessner
 
422,000
   
422,000
S. Shaver St.
 
17,000
   
17,000
W. Little York at Interstate 45
 
161,000
   
161,000
W. Loop N. at I-10
 
145,000
   
145,000
           
Texas (excluding Houston & Harris Co.), Total 
 
1,122,000
   
1,122,000
River Pointe Dr. at I-45, Conroe
 
590,000
   
590,000
NEC of US Hwy 380 & Hwy 75, McKinney
 
87,000
   
87,000
9th Ave. at 25th St., Port Arthur
 
243,000
   
243,000
Hwy. 3 at Hwy. 1765, Texas City
 
202,000
   
202,000
           
           
Louisiana, Total 
 
462,000
   
462,000
U.S. Hwy. 171 at Parish, DeRidder
 
462,000
   
462,000
           
North Carolina, Total
 
1,750,000
   
1,750,000
Capitol Boulevard and Caveness Farms Avenue, Wake Forest
 
1,750,000
   
1,750,000
           

Page 28

 
 

Weingarten Realty Investors
   
Property Listing at June 30, 2006
   
               
         
OWNED BY
   
   
NUMBER OF
 
WRI
OTHERS
 
TOTAL
ALL PROPERTIES-BY LOCATION
 
PROPERTIES
 
OWNED
(O.B.O.)
 
SQ FTG
               
Grand Total
 
360
 
48,343,000
13,050,000
 
61,393,000
Houston & Harris County
 
78
 
9,500,000
2,761,000
 
12,261,000
Texas (excluding Houston & Harris County)
 
92
 
11,087,000
2,337,000
 
13,424,000
Florida
 
30
 
5,556,000
1,073,000
 
6,629,000
California
 
29
 
4,600,000
452,000
 
5,052,000
Louisiana
 
16
 
1,792,000
1,264,000
 
3,056,000
Nevada
 
11
 
2,413,000
747,000
 
3,160,000
North Carolina
 
23
 
2,380,000
608,000
 
2,988,000
Georgia
 
12
 
2,370,000
228,000
 
2,598,000
Tennessee
 
9
 
2,085,000
0
 
2,085,000
Arizona
 
16
 
1,305,000
826,000
 
2,131,000
New Mexico
 
7
 
1,182,000
397,000
 
1,579,000
Kansas
 
2
 
251,000
0
 
251,000
Oklahoma
 
4
 
654,000
48,000
 
702,000
Arkansas
 
4
 
508,000
0
 
508,000
Colorado
 
14
 
1,212,000
1,622,000
 
2,834,000
Missouri
 
2
 
231,000
28,000
 
259,000
Utah
 
3
 
292,000
341,000
 
633,000
Illinois
 
2
 
273,000
121,000
 
394,000
Maine
 
1
 
154,000
51,000
 
205,000
Kentucky
 
3
 
471,000
76,000
 
547,000
Washington
 
1
 
5,000
5,000
 
10,000
South Carolina
 
1
 
22,000
65,000
 
87,000
               
               
               
ALL PROPERTIES-BY CLASSIFICATION
             
               
Grand Total 
 
360
 
48,343,000
13,050,000
 
61,393,000
Shopping Centers
 
295
 
36,191,000
11,134,000
 
47,325,000
Industrial
 
65
 
12,152,000
1,916,000
 
14,068,000
   
 
         
               
               
Notes:
*
Denotes partial ownership. WRI's interest is 50% except where noted. The square feet figures represent WRI's proportionate
ownership of the property held by the joint venture or partnership.
   
 
+
Denotes supermarket or discount store offering full service grocery along with general merchandise.
               
 
#
Denotes property under development that does not currently have rental income on-line.
               
 
!
Denotes properties that are not consolidated for SEC reporting purposes.
               
Owned by Others ("O.B.O.") includes buildings owned entirely by another non-WRI legal entity and/or the proportionate ownership of WRI's partner(s) in various joint ventures and partnerships.
 
 
 
 
Page 29