Weingarten Realty Investors (WRI) 8-K Solid First Quarter 2005 Results Including Record Occupancy Levels

EXHIBIT 99.2

Weingarten Realty Investors

Supplemental Financial Information

March 31, 2005

(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
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
Outstanding Balance Summary
Fixed vs Variable Rate Debt
Secured vs Unsecured Debt
Coverage Ratios
Weighted Average Interest Rates
Schedule of Maturities
Other Information	12
Tenant Diversification
Lease Expirations
Leasing Production
Average Minimum Rent per Square Foot
Property Information	14
Acquisition Summary
New Development Summary
Property Investment Summary
Disposition Summary
Occupancy
Property Listing

This supplemental financial information package contains historical information of the Company and is intended to supplement the Company’s Annual Report on Form 10-K for the year ended December 31, 2004, and its unaudited quarterly financial statements.

Certain information contained in this Supplemental Financial Information package includes certain forward-looking statements reflecting Weingarten Realty Investors’ expectations in the near term that involve a number of risks and uncertainties; however, many factors may materially affect the actual results, including demand for our properties, changes in rental and occupancy rates, changes in property operating costs, interest rate fluctuations, and changes in local and general economic conditions. Accordingly, there is no assurance that WRI’s expectations will be realized.

Weingarten Realty Investors

Corporate Profile

General Description

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 March 31, 2005, we owned or operated under long-term leases, interests in 346 developed income-producing properties and three properties that are in various stages of development, which are located in 20 states that span the southern half of the United States from coast to coast. Included in the portfolio are 289 shopping centers and 60 industrial projects. Our interests in these properties aggregated approximately 46.4 million square feet of building area. Our properties were 93.9% leased as of March 31, 2005, 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
	Austin, TX		Orlando, FL
	Dallas, TX		Los Angeles, CA
	Denver, CO (Miller Weingarten)		Phoenix, AZ
	Ft. Lauderdale, FL		Raleigh, NC
	Las Vegas, NV		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

Statement of Consolidated Income

(in thousands, except per share amounts)

(As reported in 10-Q)

	Three Months Ended
	March 31,						Twelve Months Ended December 31,
	2005			2004			2004			2003			2002			2001
Revenues:
Rentals	$	132,169		$	114,174		$	491,074		$	402,921		$	349,466		$	294,041
Other		1,161			1,832			10,239			8,624			6,161			5,193
Total		133,330			116,006			501,313			411,545			355,627			299,234
Expenses:
Depreciation and amortization		30,673			26,262			115,515			92,018			75,992			64,412
Operating		19,363			16,908			77,887			63,702			53,981			45,699
Ad valorem taxes		16,041			14,256			57,152			46,482			42,923			36,778
General and administrative		4,247			4,026			16,122			13,820			11,148			9,570
Impairment loss								3,550
Total		70,324			61,452			270,226			216,022			184,044			156,459
Operating Income		63,006			54,554			231,087			195,523			171,583			142,775
Interest Expense		(30,603	)		(27,733	)		(115,506	)		(88,871	)		(65,863	)		(54,473	)
Loss on Early Redemption of Preferred Shares								(3,566	)		(2,739	)
Equity in Earnings of Joint Ventures (a)		1,345			1,286			5,572			4,743			4,043			5,547
Income Allocated to Minority Interests		(1,400	)		(879	)		(4,928	)		(2,723	)		(3,553	)		(475	)
Gain (Loss) on Sale of Properties		(27	)		317			1,535			714			188			8,339
Income From Continuing Operations		32,321			27,545			114,194			106,647			106,398			101,713
Operating Income From Discontinued Operations		126			864			2,304			3,594			5,997			6,829
Gain on Sale of Properties From Discontinued Operations		4,115						24,883			6,039			19,472
Income From Discontinued Operations		4,241			864			27,187			9,633			25,469			6,829
Net Income		36,562			28,409			141,381			116,280			131,867			108,542
Less:  Preferred Dividends		2,525			1,266			7,470			15,912			19,756			19,703
Original Issuance Costs associated withRedeemed Series A Preferred Shares											2,488
Net Income Available to Common Shareholders	$	34,037		$	27,143		$	133,911		$	97,880		$	112,111		$	88,839
Net Income Per Common Share - Basic:	$	0.38		$	0.33		$	1.55		$	1.24		$	1.44		$	1.23
Net Income Per Common Share - Diluted:	$	0.38		$	0.32		$	1.54		$	1.24		$	1.43		$	1.23
(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 Sheet

(in thousands, except per share amounts)

(As reported in 10-Q)

	March 31,			December 31,
	2005			2004
ASSETS
Property	$	3,810,569		$	3,751,607
Accumulated Depreciation		(631,651	)		(609,772	)
Property - net		3,178,918			3,141,835
Investment in Real Estate Joint Ventures (a)		48,602			48,382
Total		3,227,520			3,190,217
Notes Receivable from Real Estate Joint Ventures and Partnerships		20,321			16,593
Unamortized Debt and Lease Costs		92,774			91,155
Accrued Rent and Accounts Receivable (net of allowance for doubtfulaccounts of $4,563 in 2005 and $4,205 in 2004)		43,392			57,964
Cash and Cash Equivalents		38,698			45,415
Other		57,198			68,974
Total	$	3,479,903		$	3,470,318
LIABILITIES AND SHAREHOLDERS' EQUITY
Debt	$	2,155,703		$	2,105,948
Accounts Payable and Accrued Expenses		65,097			99,680
Other		83,408			94,800
Total		2,304,208			2,300,428
Minority Interest		82,927			73,930
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 ofbeneficial interest; 100 shares issued and outstandingin 2005 and 2004; liquidation preference $75,000		3			3
6.95% Series E cumulative redeemable preferred shares ofbeneficial interest; 29 shares issued and outstanding in 2005and 2004; liquidation preference $72,500		1			1
Common Shares of Beneficial Interest - par value, $.03 per share;shares authorized: 150,000; shares issued and outstanding:  89,134 in 2005 and 89,066 in 2004		2,674			2,672
Additional Paid in Capital		1,285,173			1,283,270
Accumulated Dividends in Excess of Net Income		(190,424	)		(185,243	)
Accumulated Other Comprehensive Loss		(4,659	)		(4,743	)
Shareholders' Equity		1,092,768			1,095,960
Total	$	3,479,903		$	3,470,318
(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 (1)

(in thousands, except per share amounts)

	Three Months Ended
	March 31,						Twelve Months Ended December 31,
		2005			2004			2004			2003			2002			2001
Revenues:
Rentals	$	132,890		$	114,744		$	493,505		$	404,052		$	354,493		$	301,013
Other		1,482			2,175			11,170			10,863			8,485			7,175
Total		134,372			116,919			504,675			414,915			362,978			308,188
Expenses:
Depreciation and amortization		30,743			26,103			115,677			90,722			76,483			65,545
Operating		19,274			16,945			77,908			63,668			54,296			46,499
Ad valorem taxes		16,180			14,316			57,364			46,744			43,545			37,735
General and administrative		4,258			4,035			16,125			13,821			11,145			9,572
Impairment loss								3,550
Total		70,455			61,399			270,624			214,955			185,469			159,351
Operating Income		63,917			55,520			234,051			199,960			177,509			148,837
Interest Expense		(30,287	)		(27,418	)		(113,734	)		(88,572	)		(67,653	)		(56,647	)
Loss on Early Redemption of Preferred Shares								(3,566	)		(2,739	)
Income Allocated to Minority Interests		(1,284	)		(874	)		(3,990	)		(3,236	)		(3,720	)		(272	)
Gain (Loss) on Sale of Properties		(25	)		317			1,433			1,234			262			9,795
Income From Continuing Operations		32,321			27,545			114,194			106,647			106,398			101,713
Operating Income From Discontinued Operations		126			864			2,304			3,594			5,997			6,829
Gain on Sale of Properties From Discontinued Operations		4,115						24,883			6,039			19,472
Income From Discontinued Operations		4,241			864			27,187			9,633			25,469			6,829
Net Income		36,562			28,409			141,381			116,280			131,867			108,542
Less:  Preferred Dividends		2,525			1,266			7,470			15,912			19,756			19,703
Original Issuance Costs associated with Redeemed Series A Preferred Shares											2,488
Net Income Available to Common Shareholders	$	34,037		$	27,143		$	133,911		$	97,880		$	112,111		$	88,839
Net Income Per Common Share - Basic:	$	0.38		$	0.33		$	1.55		$	1.24		$	1.44		$	1.23
Net Income Per Common Share - Diluted:	$	0.38		$	0.32		$	1.54		$	1.24		$	1.43		$	1.23
(1) The Statements of Consolidated Income at Prorata Share include the real estate operations of joint ventures at WRI's ownershippercentages ranging from 20% to 75% except for the operations of down-reit partnerships, which are included at 100% with the applicable minority interest for the items listed above the Income From Continuing Operations line.

Page 4

Weingarten Realty Investors

Consolidated Balance Sheets at Prorata Share (1)

(in thousands, except per share amounts)

	March 31,			December 31,
	2005			2004
ASSETS
Property	$	3,836,662		$	3,773,614
Accumulated Depreciation		(634,304	)		(613,780	)
Property - net		3,202,358			3,159,834
Notes Receivable from Real Estate Joint Ventures and Partnerships		20,599			22,861
Unamortized Debt and Lease Costs		96,127			94,517
Accrued Rent and Accounts Receivable (net of allowance for doubtfulaccounts of $4,546 in 2005 and $4,205 in 2004)		42,378			55,703
Cash and Cash Equivalents		41,385			48,050
Other		54,753			66,578
Total	$	3,457,600		$	3,447,543
LIABILITIES AND SHAREHOLDERS' EQUITY
Debt	$	2,138,596		$	2,088,705
Accounts Payable and Accrued Expenses		64,440			98,411
Other		83,080			95,049
Total		2,286,116			2,282,165
Minority Interest		78,716			69,418
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 ofbeneficial interest; 100 shares issued and outstandingin 2005 and 2004; liquidation preference $75,000		3			3
6.95% Series E cumulative redeemable preferred shares ofbeneficial interests; 29 shares issued and outstanding in 2005and 2004; liquidation preference $72,500		1			1
Common Shares of Beneficial Interest - par value, $.03 per share;shares authorized: 150,000; shares issued and outstanding:89,134 in 2005 and 89,066 in 2004		2,674			2,672
Additional Paid in Capital		1,285,173			1,283,270
Accumulated Dividends in Excess of Net Income		(190,424	)		(185,243	)
Accumulated Other Comprehensive Loss		(4,659	)		(4,743	)
Shareholders' Equity		1,092,768			1,095,960
Total	$	3,457,600		$	3,447,543
(1) The Consolidated Balance Sheets at Prorata Share include the real estate operations of joint ventures at WRI's ownershippercentages ranging from 20% to 75% except for the operations of down-reit partnerships, which are included at 100% with the applicable minority interest for the items listed above the Commitments and Contingencies line.

Page 5

Weingarten Realty Investors

Summary Operating Data

(in thousands, except per share amounts)

	Three Months Ended
	March 31,
	2005			2004
Funds from Operations
Numerator:
Net income available to common shareholders	$	34,037		$	27,143
Depreciation and amortization		28,312			24,754
Depreciation and amortization of unconsolidated joint ventures		904			657
Gain on sale of properties		(4,091	)		(317	)
(Gain) loss on sale of properties of unconsolidated joint ventures		1
Funds from Operations - Basic		59,163			52,237
Funds from operations attributable to operatingpartnership units		2,072			1,330
Funds from Operations - Diluted	$	61,235		$	53,567
Denominator:
Weighted average shares outstanding - Basic		89,122			83,143
Effect of dilutive securities:
Share options and awards		966			957
Operating partnership units		3,004			2,181
Weighted average shares outstanding - Diluted		93,092			86,281
Funds from Operations per Share - Basic	$	0.66		$	0.63
Funds from Operations Per Share - Diluted	$	0.66		$	0.62
Growth in Funds from Operations per Share - Diluted					6.5%
Dividends
Common Dividends per Share	$	0.440		$	0.415
Common Dividends Paid as a % of Funds from Operations		66.3%			68.1%
General and Administrative Expenses *
General and Administrative Expenses/Total Revenue		3.2%			3.5%
General and Administrative Expenses/
Total Assets before Depreciation		0.10%			0.11%
Net Operating Income *
Same Property NOI Growth: **
Retail		3.1%			3.3%
Industrial		3.2%			-4.4%
Total		3.1%			2.6%
*      Includes the Company's share of unconsolidated joint ventures and excludes its partners' share of consolidatedjoint ventures ("Prorata Share").
**  Same Property NOI Growth excludes the effect of lease cancellation income.

Page 6

Weingarten Realty Investors

Summary Operating Data (continued)

(in thousands)

	Three Months Ended
	March 31,
	2005			2004
Rentals (As Reported in 10-Q)
Base minimum rent, net	$	103,635		$	89,850
Straight line rent		1,943			1,365
Over/Under-market rentals, net		(17	)		(9	)
Percentage rent		1,129			1,422
Tenant reimbursements		25,479			21,546
Total	$	132,169		$	114,174
		Three Months Ended
		March 31,
		2005			2004
Rentals (Prorata Share)
Base minimum rent, net	$	104,308		$	90,358
Straight line rent		1,986			1,350
Over/Under-market rentals, net		30			(9	)
Percentage rent		1,133			1,434
Tenant reimbursements		25,433			21,611
Total	$	132,890		$	114,744
		Three Months Ended
		March 31,
		2005			2004
Interest Expense (Prorata Share)
Interest paid or accrued	$	32,531		$	27,855
Interest on preferred shares subject tomandatory redemption					1,985
Over-market mortgage adjustment		(1,507	)		(1,083	)
Gross interest expense		31,024			28,757
Less:
Capitalized interest		(737	)		(1,339	)
Interest expense, at prorata share	$	30,287		$	27,418
		March 31,			December 31,
		2005			2004
Property at Prorata Share
Land	$	736,093		$	719,029
Land held for development		19,755			20,697
Land under development		17,892			19,325
Buildings and improvements		3,009,614			2,945,067
Construction in-progress		49,944			64,785
Property held for sale		3,364			4,711
Total	$	3,836,662		$	3,773,614

Page 7

Weingarten Realty Investors

Financial Statements of Unconsolidated Joint Ventures at Prorata Share

(in thousands)

	Three Months Ended
	March 31,
	2005			2004
Revenues:	$	3,686		$	3,154
Expenses:
Depreciation and amortization		929			662
Operating		524			478
Interest		617			565
Ad valorem taxes		485			388
General and administrative		13			26
Total		2,568			2,119
Loss on sale of property		(1	)
Net Income	$	1,117		$	1,035
ASSETS		March 31,			December 31,
		2005			2004
Property	$	102,371		$	104,494
Accumulated Depreciation		(12,354	)		(12,931	)
Property - net		90,017			91,563
Unamortized Debt and Lease Costs		4,914			3,509
Accrued Rent and Accounts Receivable		729			728
Cash and Cash Equivalents		3,412			4,161
Other		1,471			693
Total	$	100,543		$	100,654
LIABILITIES AND SHAREHOLDERS' EQUITY
Debt	$	39,714		$	39,774
Amounts Payable to WRI		7,825			6,273
Accounts Payable and Accrued Expenses		832			1,686
Other		1,324			1,386
Total		49,695			49,119
Accumulated Equity		50,848			51,535
Total	$	100,543		$	100,654
Notes:  The Consolidated Financial Statements at prorata share include only the real estate operations of joint ventures at WRI'sownership percentages.
In March 2005 WRI purchased its partner's interest in a joint venture.

Page 8

Weingarten Realty Investors

Summary Balance Sheet Information

(in thousands, except common share data and percentages)

	March 31,		December 31,
	2005		2004
Common Share Data
Closing Market Price	$	34.51	$	40.10
Dividend Yield		5.10%		4.14%
90-Day Average Trading Volume		302,044		341,800
Capitalization (As reported)
Debt	$	2,155,703	$	2,105,948
Preferred Shares		147,500		147,500
Common Shares at Market		3,076,014		3,571,547
Operating Partnership Units at Market		103,703		119,979
Total Market Capitalization	$	5,482,920	$	5,944,974
Debt to Total Market Capitalization		39.3%		35.4%
Capitalization (Prorata)
Debt	$	2,138,596	$	2,088,705
Preferred Shares		147,500		147,500
Common Shares at Market		3,076,014		3,571,547
Operating Partnership Units at Market		103,703		119,979
Total Market Capitalization	$	5,465,813	$	5,927,731
Debt to Total Market Capitalization		39.1%		35.2%
Capital Availability
Unused Portion of $400 MM Revolver	$	291,071	$	323,371
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	$	2,001,501	$	2,033,801
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)

				1st Quarter						4th Quarter
	March 31,			Weighted			December 31,			Weighted
	2005			Average Rate			2004			Average Rate
Outstanding Balance Summary
Mortgage Debt	$	718,505			7.31%		$	685,461			7.28%
7% 2011 Bonds		200,000			7.00%			200,000			7.00%
Unsecured Notes Payable		1,102,367			5.90%			1,102,367			5.89%
Revolving Credit Agreements		94,000			3.73%	(1)		61,700			5.55%
Industrial Revenue Bonds		7,373			2.99%			7,422			3.06%
Obligations under Capital Leases		33,458			5.27%			48,998			5.62%
Total Debt - As Reported		2,155,703			6.26%			2,105,948			6.29%
Less: Minority Partners' Interests		(56,821	)					(57,017	)
Plus: WRI Share of Unconsolidated Joint Ventures		39,714						39,774
Total Debt - Prorata Share	$	2,138,596			6.26%		$	2,088,705			6.29%
		March 31,						December 31,
Fixed vs Variable Rate Debt		2005			% of Total			2004			% of Total
(at Prorata Share)
(includes the effect of interest rate swaps)
Fixed-rate debt	$	1,887,246			88.2%		$	1,869,590			89.5%
Variable-rate debt		251,350			11.8%			219,115			10.5%
Total	$	2,138,596			100.0%		$	2,088,705			100.0%
Secured vs Unsecured Debt
(at Prorata Share)
Secured Debt	$	743,895			34.8%		$	724,201			34.7%
Unsecured Debt		1,394,701			65.2%			1,364,504			65.3%
Total	$	2,138,596			100.0%		$	2,088,705			100.0%
Coverage Ratios (trailing 4 quarters)(2)
Fixed Charge Coverage (3)		2.62x						2.61x
Interest Coverage (3)		2.75x						2.77x
Debt Service Coverage (4)		2.72x						2.70x
		As			Prorata
Weighted Average Interest Rates		Reported			Share
Three months ended 03/31/05		6.26%			6.26%
Twelve months ended 12/31/04		6.07%			6.07%
(1)First quarter weighted average revolving interest rate excluding the effect of the commitment fee is 2.82%.
(2)Includes the Company's share of unconsolidated joint ventures and excludes its partners share of consolidated jointventures ("Prorata Share").
(3)Coverage Ratios exclude the effects of FAS 141, Preferred redemption costs, and loss due to impairment.
(4)Coverage Ratio includes the effects of FAS 141.

Page 10

Weingarten Realty Investors

Debt Information

(in thousands, except percentages)

Schedule of Maturities at March 31, 2005
		As Reported			Prorata Share
		Maturities	Rate		Maturities	Rate		Floating Rate		Fixed Rate
2005	$	81,873	7.07%	$	81,508	7.08%	$	3,757	$	77,751
2006		61,250	6.24%		62,333	6.23%		7,782		54,551
2007		101,736	6.50%		101,147	6.51%		422		100,725
2008		234,122	6.97%		233,511	7.00%		429		233,082
2009		101,182	7.96%		99,611	8.03%		9,795		89,816
2010		112,458	6.79%		124,395	6.82%		550		123,845
2011		306,854	6.93%		297,995	6.96%				297,995
2012		292,260	5.76%		291,450	5.76%				291,450
2013		276,012	6.21%		238,275	5.78%				238,275
2014		328,999	5.30%		350,891	5.45%		2,115		348,776
2015		99,606	5.68%		100,901	5.71%				100,901
Thereafter		48,374	7.26%		45,602	7.21%				45,602
Subtotal		2,044,726			2,027,619			24,850		2,002,769
Revolvers (2)		94,000	3.73%		94,000	3.73%		94,000
Other (1)		16,977			16,977					16,977
Swap Maturities:
2005								52,500		(52,500	)
2006								5,000		(5,000	)
2007								25,000		(25,000	)
2014								50,000		(50,000	)
Total	$	2,155,703	6.26%	$	2,138,596	6.26%	$	251,350	$	1,887,246
(1) Other includes capital leases and market value of swaps.
(2) Includes the effect of the commitment fee.

Page 11

Weingarten Realty Investors

Tenant Diversification

(in thousands, except percentages and # of units and leases)

	Top 25 Tenants
					# of		% of Prorata		Square
Rank	Tenant Name		DBA's		Units		Rental Revenue		Feet
1		The Kroger Co.		Kroger, Dillions, Smith's Food, Ralph's, Fry's Foods		30		2.85%		1,662
2		Safeway, Inc.		Safeway, Randall's, Von's, Tom Thumb		19		1.74%		994
3		T.J.X. Companies, Inc.		T.J. Maxx, Marshall's		25		1.64%		755
4		Ross Stores, Inc.		Ross Dress For Less		26		1.54%		723
5		Blockbuster Video				61		1.21%		336
6		Home Depot, Inc.				7		1.21%		733
7		Publix Super Markets, Inc.				11		1.17%		601
8		Albertsons, Inc.		Albertsons, Sav-On		17		1.15%		677
9		Office Depot, Inc.				21		1.09%		497
10		Barnes & Noble Inc.		Barnes & Noble, Bookstop Booksellers		12		0.98%		283
11		Gap, Inc.		Gap, Old Navy, Banana Republic		19		0.95%		323
12		H E Butt Grocery				7		0.78%		368
13		Staples, Inc.				12		0.68%		319
14		Linens 'N Things, Inc.				8		0.64%		238
15		Raley's		Raley's, Bel Air Markets		5		0.61%		278
16		Grocers Supply Co., Inc.		Fiesta		9		0.61%		352
17		Stage Stores		Beall's, Palais Royal, Stages		21		0.59%		503
18		Harris Teeter				6		0.59%		248
19		Office Max, Inc.				10		0.58%		237
20		Hollywood Entertainment		Hollywood Video		21		0.57%		140
21		Petco Animal Supplies, Inc.				14		0.56%		200
22		Stein Mart, Inc.				10		0.55%		371
23		Toys "R" Us		Toys "R" Us, Babies "R" Us		7		0.55%		264
24		PetsMart, Inc.				10		0.55%		193
25		Bed Bath & Beyond, Inc.				9		0.52%		266
Total						397		23.91%		11,561

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
2005		6.79%		7.81%		16.67%		15.08%		8.83%		8.55%
2006		12.29%		13.05%		20.01%		22.02%		13.88%		13.96%
2007		12.56%		13.34%		26.23%		24.87%		15.38%		14.51%
2008		11.07%		11.44%		15.51%		17.80%		11.98%		12.08%
2009		11.35%		11.84%		6.40%		7.81%		10.33%		11.43%
2010-2014		29.22%		28.35%		15.17%		12.35%		26.32%		26.72%
2015-2024		15.29%		13.01%		0.00%		0.07%		12.14%		11.70%

Leasing Production	Number						Increase
	of				Increase		in Base Rent
	Leases		Square Feet		in Base Rent		After Capital
Three Months Ended
March 31, 2005
Retail		221		935		10.7%		8.1%
Industrial		75		833		0.7%		-0.9%
Total		296		1,768		7.7%		5.4%
Three Months Ended
March 31, 2004
Retail		218		630		10.2%		8.4%
Industrial		46		343		-0.6%		-4.5%
Total		264		973		8.5%		6.4%

Average Minimum Rent per Square Foot	Quarter Ended		Quarter Ended		Quarter Ended
	March 31, 2005		December 31, 2004		September 30, 2004
Retail	$	11.17	$	11.01	$	10.92
Industrial	$	4.88	$	4.70	$	4.73

Page 13

Weingarten Realty Investors

Property Information

(in thousands)

Acquisition Summary
			Sq. Ft.		Date		Total
Center	City/State		of Bldg. Area		Acquired		Investment
Flamingo Pines Shopping Center		Pembroke Pines, Florida		257		01/28/05
Kennesaw 75 Business Park		Kennesaw, Georgia		178		02/23/05
Ravenstone Commons Shopping Center		Durham, North Carolina		60		03/22/05
Total				495			$	65,614

New Development Summary
			Total Square Feet
			of Building Area				Spent		Spent		Spent		Estimated
					WRI's		Thru		1st Quarter		Inception		Final
Center Name	Location		Total		Share		12/31/2004		2005		To Date		Investment		Anchor
Currently Under Development:
Developments Commenced Prior to 2005
Laveen Village Marketplace		Laveen, Arizona		117		45	$	4,618	$	751	$	5,369	$	6,641		Fry's
Heritage Station		Wake Forest, North Carolina		69		17		1,473		17		1,490		1,562		Harris Teeter
Waterford Village		Leland, North Carolina		100		75		4,437		116		4,553		10,040		Harris Teeter
Alpine Valley Center		American Fork, Utah		241		33		2,889		98		2,987		4,050		Target
Glenwood Meadows		Glenwood Springs, Colorado		403		114		2,565		499		3,064		10,619		Target
Sub-total of 5 Properties Commenced Prior to 2005				930		284	$	15,982	$	1,481	$	17,463	$	32,912
Developments Commenced During 2005
Starr Plaza		McAllen, Texas		180		90			$	2,650	$	2,650	$	10,089		H.E.B.
Sub-total 1 Development Properties Commenced During 2005				180		90		-		2,650		2,650		10,089
Total 6 Properties Under Development				1,110		374	$	15,982		4,131		20,113		43,001
New Development on Existing Properties										872		872
Total New Development				1,110		374	$	15,982	$	5,003	$	20,985	$	43,001
Notes:   The investment spent to date of $21.0 million includes $5.7 million, representing 50,000 square feet that has been completed and transferred to income pruducing assets.

Page 14

Weingarten Realty Investors

Property Information (continued)

(in thousands at prorata share, except percentages)

Property Investment Summary
			New		Major		All
	Acquisitions		Development		Repairs		Other		Total
Three Months Ended 03/31/2005	$	65,614	$	4,728	$	1,680	$	6,877	$	78,899
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
Year Ended 12/31/2001		518,557		88,372		7,515		18,498		632,942

Disposition Summary
			Sq. Ft.		Date		Sales
Center	City / State		of Bldg. Area		Sold		Proceeds
Bellfort Shopping Center		Houston, Texas		48		01/05/05
Mainland Mall		Texas City, Texas		69		03/04/05
Caprock Shopping Center-M. Ward's Building		Lubbock, Texas		113		03/18/05
East Sahara Service Center		Las Vegas, Nevada		66		03/24/05
				296			$	11,600

Occupancy
	March 31,		December 31,		September 30,		June 30,		March 31,
	2005		2004		2004		2004		2004
Shopping Center Portfolio		95.1%		94.8%		95.0%		94.7%		93.5%
Industrial Portfolio		89.5%		92.6%		91.5%		92.7%		93.2%
Total Portfolio		93.9%		94.3%		94.2%		94.2%		93.5%
Note: A space is considered occupied upon execution of a lease agreement

Page 15

Weingarten Realty Investors

Property Information (continued)

Property Listing
			WRI			Others
Center and Location	Anchors		Owned			(O.B.O.)	Total
SHOPPING CENTERS
Houston and Harris County, Total				6,591,000		1,024,000	7,615,000
Alabama-Shepherd, S. Shepherd at W. Alabama		Bookstop, PetsMart		56,000		0	56,000
Bayshore Plaza, Spencer Hwy. at Burke Rd.		Fashion Bug		36,000		86,000	122,000
Bellaire Boulevard, Bellaire at S. Rice		Randall's +		35,000		0	35,000
Bingle Square, U.S. Hwy. 290 at Bingle		Bravos Mexican Restaurant		46,000		0	46,000
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		184,000		0	184,000
Champions Village, F.M. 1960 at Champions Forest Dr.		Randall's +, SteinMart, Palais Royal, Cost Plus		408,000		0	408,000
Copperfield Village, Hwy. 6 at F.M. 529		Randall's +, Ross Dress for Less		163,000		0	163,000
Crestview, Bissonnet at Wilcrest		Creative Connection		9,000		0	9,000
Crosby, F.M. 2100 at Kenning Road (61%)		Kroger +, Family Dollar		36,000	*	23,000	59,000
Cullen Place, Cullen at Reed		C&R Beauty Supply		7,000		0	7,000
Cullen Plaza, Cullen at Wilmington		Fiesta +, Family Dollar		83,000		0	83,000
Cypress Pointe, F.M. 1960 at Cypress Station		Kroger +, Office Max,Comp USA, Babies "R" Us		191,000		97,000	288,000
Cypress Village, Louetta at Grant Road		Kroger +(O.B.O.)		25,000		62,000	87,000
Eastpark, Mesa Rd. at Tidwell		CVS/pharmacy		140,000		0	140,000
Edgebrook, Edgebrook at Gulf Fwy.		Fiesta +		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		269,000		0	269,000
Fondren/West Airport, Fondren at W. Airport		Ace Cash Express, $1.00 Store		62,000		0	62,000
Glenbrook Square, Telephone Road		Kroger +		76,000		0	76,000
Griggs Road, Griggs at Cullen		Family Dollar, Modern City, Citi Trends, Wyatt's Cafeteria		81,000		0	81,000
Harrisburg Plaza, Harrisburg at Wayside		Fallas Paredes		95,000		0	95,000
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		180,000		99,000	279,000
I-45/Telephone Rd. Center, I-45 at Maxwell Street		Seller Bros. +, Dollar Tree, Best Price		178,000		0	178,000
Jacinto City, Market at Baca		Seller Bros. +, CVS/pharmacy		24,000	*	24,000	48,000
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		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 Food Market +		87,000		0	87,000
Miracle Corners, S. Shaver at Southmore		Fallas Paredas, Family Thrift		86,000		0	86,000
Northbrook, Northwest Fwy. at W. 34th		Randall's +, Office Depot, Anna's Linens		175,000		0	175,000
North Main Square, Pecore at N. Main		O'Reilly Autoparts		18,000		0	18,000
North Oaks, F.M. 1960 at Veterans Memorial		Target (O.B.O.), T.J. Maxx, Old Navy, Ross Dress for Less		322,000		100,000	422,000
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		135,000	*	161,000	296,000
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		Gerland's +, Burke's Outlet, 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		176,000	*	76,000	252,000
Southgate, W. Fuqua at Hiram Clark		Food-A-Rama +, Palais Royal, CVS/pharmacy		126,000		0	126,000
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, T.J. Maxx		193,000		100,000	293,000
Stella Link, Stella Link at S. Braeswood		Seller Bros.+, Spec's Liquor Warehouse, Burke's Outlet		67,000		0	67,000
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		132,000		0	132,000

Page 16

			Gross Leasable Area
						Owned by
			WRI			Others
Center and Location	Anchors		Owned			(O.B.O.)		Total
Houston and Harris County, (Cont'd)
The Village Arcade, University at Kirby		Gap, Talbot's, Eddie Bauer		191,000			0		191,000
West Junction, Hwy. 6 at Keith Harrow Dr.		99 Cents Only		67,000			0		67,000
Westbury Triangle, Chimney Rock at W. Bellfort		99 Cents Only, CVS/pharmacy		67,000			0		67,000
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				8,417,000			2,888,000		11,305,000
McDermott Commons, McDermott at Custer Rd., Allen		Albertsons + (O.B.O.)		56,000			62,000		118,000
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		Sav-On Office Supplies, Huneke Furniture		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		Mervyn's (O.B.O.), Toys "R" Us (O.B.O.), Sun Harvest Foods +, Neiman Marcus's 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		Market Basket +		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		Hallmark Gold Crown		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
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		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.)		20,000			52,000		72,000
Dickinson, I-45 at F.M. 517, Dickinson (72%)		Kroger +		55,000	*		21,000		76,000
Coronado Hills, Mesa at Balboa, El Paso		Big 8 Foods +, Dollar Tree, Auto Zone		127,000			2,000		129,000
Golden Beach Market Place, Golden Triangle Blvd. at N. Beach St., Ft. Worth		Albertsons + (O.B.O.)		29,000			52,000		81,000
Overton Park Plaza, SW Loop 820/Interstate 20 at South Hulen St., Ft. Worth		Oshman's Sporting Goods, Circuit City, PetsMart, Office Depot, T.J. Maxx, Albertsons +, Home Depot (O.B.O.)		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. and Hwy. I-35, Laredo		Old Navy, Bed Bath & Beyond, Best Buy, Target (O.B.O.), H.E.B. + (O.B.O.), Blockbuster		245,000			206,000		451,000
Plantation Centre, Del Mar Blvd. and 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		112,000			0		112,000
Caprock Center, 50th at Boston Ave., Lubbock		Dunlap's, Beall's, Dollar Tree		262,000			0		262,000
Central Plaza, Loop 289 at Slide Rd., Lubbock		Bed Bath & Beyond, Old Navy, Staples		152,000			0		152,000
Northtown Plaza, 1st St. and 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		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. and Houston St., McAllen		H.E.B. +		52,000	*		52,000		104,000

Page 17

			Gross Leasable Area
						Owned by
			WRI			Others
Center and Location	Anchors		Owned			(O.B.O.)		Total
Texas (Excluding Houston & Harris Co.), (Cont'd)
Las Tiendas Plaza, Expressway 83 and 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
Northcross, N. 10th St. and 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
McKinney Centre, US Hwy 380 at U.S.Hwy 75, McKinney		Albertsons + (O.B.O.),Target (O.B.O.)		7,000			154,000		161,000
Murphy Crossing, F.M. 544 at Murphy Rd., Murphy		Albertsons + (O.B.O.)		46,000			62,000		108,000
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 +		190,000			0		190,000
Gillham Circle, Gillham Circle at Thomas, Port Arthur		Market Basket +, Family Dollar		33,000			0		33,000
Village, 9th Ave. at 25th St., Port Arthur		Vacant		52,000			0		52,000
Porterwood, Eastex Fwy. at F.M. 1314, Porter		Big Lots, 99 Cents Only		99,000			63,000		162,000
Starr Plaza, U.S. Hwy 83 at Bridge St., Rio Grande City		H.E.B.+		0	# *		0		0
Rockwall, I-30 at Market Center Street, Rockwall		Office Max, Petco, Pier 1,Ross Dress for Less,Old Navy, Linens 'N Things		209,000			0		209,000
Plaza, Ave. H at Eigth Street, Rosenberg		Burke's Outlet, 99 Cents Only, CVS/pharmacy		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.)		22,000			59,000		81,000
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		Spectrum		65,000			55,000		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
Williams Trace, Hwy. 6 at Williams Trace, Sugar Land		Randall's +, Walgreen's, Palais Royal, Petco, Dollar Tree		263,000			103,000		366,000
New Boston Road, New Boston at Summerhill, Texarkana		Rehkopf's Grocery +, CVS/pharmacy		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 +(Vacant),Big Lots (O.B.O.)		97,000			100,000		197,000
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
Watauga Towne Center, Hwy. 377 at Bursey Rd., Watauga		Albertsons + (O.B.O.)		66,000			61,000		127,000
Florida, Total				3,891,000			416,000		4,307,000
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		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
Hollywood Hills Plaza, Hollywood Blvd. at North Park Rd., Hollywood		Publix +, Target, CVS/pharmacy		365,000			0		365,000
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 and 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 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		234,000			0		234,000

Page 18

			Gross Leasable Area
						Owned by
			WRI			Others
Center and Location	Anchors		Owned			(O.B.O.)		Total
Florida, (Cont'd.)
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
Market at Southside, Michigan Ave. at Delaney Ave., Orlando		Ross Dress for Less, Beall's Outlet Stores, Dollar TreeAlbertsons + (O.B.O.)		97,000			65,000		162,000
Westland Terrace Plaza, SR 50 at Apopka Vineland Rd., Orlando		T.J. Maxx, Petco,Shoe Carnival		68,000			0		68,000
University Palms, Alafaya Trail at McCullough Rd., Oviedo		Publix +, Blockbuster		99,000			0		99,000
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
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 Food Market +		103,000			0		103,000
California, Total				3,194,000			521,000		3,715,000
Centerwood Plaza, Lakewood Blvd. at Alondra Dr., Bellflower		Bestway Supermarket +		71,000			0		71,000
Southampton Center, IH-780 at Southampton Rd., Benecia		Raley's +		162,000			0		162,000
580 Marketplace, E. Castro Valley at Hwy. I-580, Castro Valley		P. W. Supermarkets +		100,000			0		100,000
Chino Hills Marketplace, Chino Hills Pkwy. at Pipeline Ave., Chino Hills		Rite Aid, Von's +, 24 Hour Fitness		320,000			0		320,000
Buena Vista Marketplace, Huntington Dr. at Buena Vista St., Duarte		Ralph's +		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
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		Ralph's +, Target (O.B.O.), Ross Dress for Less		90,000			124,000		214,000
Prospectors Plaza, Missouri Flat Rd. at US Hwy. 50, Placerville		Albertsons +, Kmart, Long's		228,000			0		228,000
Shasta Crossroads, Churn Creek Rd. at Dana Dr., Redding		Food Maxx +, Target(O.B.O.), Winco (O.B.O.)		121,000			200,000		321,000
Ralph's Redondo, Hawthorne Blvd. at 182nd St., Redondo Beach		Ralph's +		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 +		93,000			0		93,000
Summerhill Plaza, Antelope Rd. at Lichen Dr., Sacramento		Raley's +		134,000			0		134,000
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.)		36,000			45,000		81,000
Stony Point Plaza, Stony Point Rd. at Hwy. 12, Santa Rosa		Food Maxx +, Wal-Mart		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 +		116,000			0		116,000
Westminster Center, Westminster Blvd. at Golden West St., Westminster		Albertsons +, Home Depot,Edward's Cinema, Rite Aid		411,000			0		411,000
Louisiana, Total				2,086,000			987,000		3,073,000
Siegen Plaza, Siegen Lane at Honore Lane, Baton Rouge		Super Target + (O.B.O.), Ross Dress for Less, Conn's, Petco		156,000			194,000		350,000
Park Terrace, U.S. Hwy. 171 at Parish, DeRidder		Stage, JC Penney, Dollar General		137,000			0		137,000
Town & Country Plaza, U.S. Hwy. 190 West, Hammond		Winn Dixie +, Anna's Linens, Office Depot, CVS/pharmacy, Goody's		215,000			0		215,000
Manhattan Place, Manhattan Blvd. at Gretna Blvd., Harvey		Target (O.B.O.), Ross Dress for Less, Stage		96,000			125,000		221,000
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		Ross Dress for Less,Stage, Cost Plus,Super Target + (O.B.O.)		143,000			175,000		318,000
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
Prien Lake Plaza, Prien Lake Rd. at Nelson Rd., Lake Charles		Target (O.B.O.), Marshall's, Ross Dress for Less, Bed Bath & Beyond		129,000			125,000		254,000
Southgate, Ryan at Eddy, Lake Charles		Market Basket +, Office Depot, SteinMart, Books A Million		171,000			0		171,000
Orleans Station, Paris, Robert E. Lee at Chatham, New Orleans		Exxon		5,000			0		5,000
Danville Plaza, Louisville at 19th, Monroe		County Market +, Citi Trends		144,000			0		144,000

Page 19

			Gross Leasable Area
						Owned by
			WRI			Others
Center and Location	Anchors		Owned			(O.B.O.)		Total
Louisiana, (Cont'd.)
Southgate, 70th at Mansfield, Shreveport		Rite Aid (O.B.O.), JMart, Family Dollar		73,000			16,000		89,000
University Place, 70th St. at Youree Dr., Shreveport		Super Target + (O.B.O.),Best Buy, T.J. Maxx, CVS/pharmacy,Bed Bath & Beyond		199,000			174,000		373,000
Westwood, Jewella at Greenwood, Shreveport		Super 1 Grocery +, Citi Trends		113,000			0		113,000
Nevada, Total				1,975,000			746,000		2,721,000
Eastern Horizon, Eastern Ave. at Horizon Ridge Pkwy., Henderson		Kmart + (O.B.O.)		67,000			144,000		211,000
Francisco Centre, E. Desert Inn Rd. at S. Eastern Ave., Las Vegas		Ross Dress for Less (O.B.O.), Sav-On Drug		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-MartSupercenter + (O.B.O.), PetsMart, Office Depot, Ross Dress for Less, 99 Cent Only		121,000	*		515,000		636,000
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				1,871,000			128,000		1,999,000
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
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
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 +, Kroger+		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. and Rogers Rd., Wake Forest (25%)		Harris Teeter +		14,000	*		42,000		56,000
Arizona, Total				1,390,000			766,000		2,156,000
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
University Plaza, Plaza Way at Milton Rd., Flagstaff		PetsMart, Safeway +,Ross Dress for Less		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.)		40,000			58,000		98,000
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.)		23,000			72,000		95,000
Rancho Encanto, 35th Avenue at Greenway Rd., Phoenix		Vacant		71,000			0		71,000
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 +		112,000			0		112,000
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
Desert Square Shopping Center, Golf Links at Kolb, Tucson		99 Cents Only		100,000			0		100,000
New Mexico, Total				1,182,000			397,000		1,579,000
Eastdale, Candelaria Rd. at Eubank Blvd., Albuquerque		Albertsons +		118,000			0		118,000
North Towne Plaza, Academy Rd. at Wyoming Blvd., Albuquerque		Whole Food Market +, Borders		103,000			0		103,000

Page 20

			Gross Leasable Area
						Owned by
			WRI			Others
Center and Location	Anchors		Owned			(O.B.O.)		Total
New Mexico, (Cont'd)
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.), Oslo Drugs, Ross Dress for Less,Office Depot, Hastings,United Artists		249,000			63,000		312,000
Colorado, Total				923,000			1,386,000		2,309,000
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.)		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.), RossDress 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
Green Valley Ranch Towne Center, Tower Rd. at 48th Ave., Denver (37%)		King Sooper's + (O.B.O.)		26,000	*		102,000		128,000
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		219,000			90,000		309,000
Glenwood Meadows, Midland Ave. and W. Meadows, Glenwood Springs (41%)		Target (O.B.O.), Pier 1, Gart Sports, Bed Bath & Beyond, Petco		0	# *		0		0
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 +		45,000	*		75,000		120,000
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
Kansas, Total				784,000			46,000		830,000
West State Plaza, State Ave. at 78th St., Kansas City		Big Lots, Westlake Hardware, Dollar General		94,000			0		94,000
Regency Park, 93rd St. at Metcalf Ave., Overland Park		Marshall's, Borders, Old Navy		202,000			46,000		248,000
Westbrooke Village, Quivira Rd. at 75th St., Shawnee		Dillon's +, DSW Shoe Warehouse, K & G Menstore		237,000			0		237,000
Shawnee Village, Shawnee Mission Pkwy. at Quivera Rd., Shawnee		Vacant		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		Blockbuster		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				679,000			27,000		706,000
Evelyn Hills, College Ave. at Abshier, Fayetteville		Ozark Natural Foods +		155,000			0		155,000
Broadway Plaza, Broadway at W. Roosevelt, Little Rock.		Hair Plus Beauty Supply, Alp's + (O.B.O.)		16,000			27,000		43,000
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, SteinMart, Academy, Bassett Furniture		178,000			0		178,000
Westgate, Cantrell at Bryant, Little Rock		SteinMart		50,000			0		50,000
Tennessee, Total				514,000			0		514,000
Bartlett Towne Center, Bartlett Blvd. at Stage Rd., Memphis		Kroger +, Petco, Dollar Tree, Shoe Carnival		179,000			0		179,000
Commons at Dexter Lake, Dexter at N. Germantown, Memphis		Kroger +, SteinMart		167,000			0		167,000
Highland Square, Summer at Highland, Memphis		Walgreen's		14,000			0		14,000
Summer Center, Summer Ave. at Waling Rd., Memphis		Kroger +		154,000			0		154,000

Page 21

			Gross Leasable Area
						Owned by
			WRI			Others
Center and Location	Anchors		Owned			(O.B.O.)		Total
Missouri, Total				366,000			28,000		394,000
Ballwin Plaza, Manchester Rd. at Vlasis Dr., Ballwin		Schnucks +, Michael's		203,000			0		203,000
Western Plaza, Hwy 141 at Hwy 30, Fenton		Big Lots		28,000	*		28,000		56,000
PineTree Plaza, U.S. Hwy. 50 at Hwy. 291, Lee's Summit		Price Chopper +, Brook Mays Music Co.		135,000			0		135,000
Georgia, Total				696,000			174,000		870,000
Brookwood Square, East-West Connector and Austell Rd., Austell		Marshalls, Staples, Home Depot		253,000			0		253,000
Grayson Commons Shopping Center, Grayson Hwy at Rosebud Rd., Grayson		Kroger +		77,000			0		77,000
Village Shoppes of Sugarloaf, Sugarloaf Pkwy and 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
Roswell Corners, Woodstock Rd. and Hardscrabble Rd., Roswell		Staples, T.J. Maxx, Super Target + (O.B.O.)		145,000			174,000		319,000
Utah, Total				283,000			330,000		613,000
Alpine Valley Center, Main St. at State St., American Fork (33%)		Target (O.B.O.), Old Navy, Pier 1		13,000	*		167,000		180,000
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, Marshalls,Old Navy, Linens 'N Things		170,000			0		170,000
Maine, Total				148,000			49,000		197,000
The Promenade, Essex at Summit, Lewiston (75%)		Staples, Flagship Cinemas		148,000	*		49,000		197,000
Kentucky, Total				354,000			49,000		403,000
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
Mississippi, Total				117,000			0		117,000
Southaven Commons, Goodman Rd. at Swinnea Rd., Southaven		Schnuck's +		117,000			0		117,000
INDUSTRIAL
Houston and Harris County, Total				3,296,000			1,916,000		5,212,000
Beltway 8 Business Park, Beltway 8 at Petersham Dr.		Nomadic Display, Terminix		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		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		Vacant		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		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		42,000	*		165,000		207,000
Lathrop Warehouse, Lathrop St. at Larimer St. (20%)		United D.C., Inc.		51,000	*		202,000		253,000
Nasa One Business Center, Nasa Road One at Hwy. 3		Brinks, Devoe Paint		112,000			0		112,000
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, Sumitomo, Advo Systems		616,000			0		616,000
Railwood Industrial Park, Mesa at U.S. 90 (20%)		The Home Depot, Inc.		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.		Mattress Expo, Solartron,R. J. Reynolds Tobacco Co.		119,000			0		119,000
West Loop Commerce Center, W. Loop N. at I-10		Inter-Tel Technologies		34,000			0		34,000
610 and 11th St. Warehouse, Loop 610 at 11th St.		Prefco Corp.		105,000			0		105,000
610 and 11th St. Warehouse, Loop 610 at 11th St. (20%)		Iron Mountain, Stone Container		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				2,669,000			0		2,669,000
Randol Mill Place, Randol Mill Road, Arlington		Premier Products		55,000			0		55,000
Braker 2 Business Center, Kramer Ln. at Metric Blvd., Austin		LaCoste & Romberg		27,000			0		27,000
Corporate Center I & II, Putnam Dr. at Research Blvd., Austin		Phoenix - Lamar Corp		117,000			0		117,000
Oak Hill Business Park, Industrial Oaks Blvd., Austin		Terracon, 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		Viko Test Lab		78,000			0		78,000

Page 22

			Gross Leasable Area
					Owned by
			WRI		Others
Center and Location	Anchors		Owned		(O.B.O.)		Total
Texas (excluding Houston & Harris Co.), (Cont'd)
Southpoint Service Center, Burleson at Promontory Point Dr., Austin		K & S Interconnect		54,000		0		54,000
Walnut Creek Office Park, Cameron Rd., Austin		Centex Hometeam Services, Inspire South Inc.		34,000		0		34,000
Wells Branch Corporate Center, Wells Branch Pkwy., Austin		Lifetouch Studios		59,000		0		59,000
Midway Business Center, Midway at Boyington, Carrollton		ProSource		142,000		0		142,000
Manana Office Center, I-35 at Manana, Dallas		Omega Environmental, Nordstrom, Inc.		223,000		0		223,000
Newkirk Service Center, Newkirk near N.W. Hwy., Dallas		Tri-Ed Distribution, Inc., Applied Industrial Technologies Tx, L.P.		106,000		0		106,000
Northaven Business Center, Northaven Rd., Dallas		SESCO, Inc.		151,000		0		151,000
Northeast Crossing Off/Svc Ctr., East N.W. Hwy. at Shiloh, Dallas		Reunion Title, Manufactured Valve Products		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 ManagementSystems, BKM Total Office of Texas, L.P.		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
Walnut Trails Business Park, Walnut Hill Lane, Dallas		Flores Events		103,000		0		103,000
DFW-Port America, Port America Place, Grapevine		Team Air Express		45,000		0		45,000
Jupiter Service Center, Jupiter near Plano Pkwy., Plano		Ceramic Tile International		78,000		0		78,000
Sherman Plaza Business Park, Sherman at Phillips, Richardson		Leggett & Platt, Inc., The Volkswagen Store		100,000		0		100,000
Interwest Business Park, Alamo Downs Parkway, San Antonio		All-American Sports		218,000		0		218,000
O'Connor Road Business Park, O'Connor Road, San Antonio		Ingersoll Rand		150,000		0		150,000
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 and 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., Glad Manufacturing Company		178,000		0		178,000
6485 Crescent Dr., I-85 at Jimmy Carter Blvd., Norcross		The Home Depot, Inc., Zuru		363,000		0		363,000
Tennessee, Total				972,000		0		972,000
Crowfarn Drive Warehouse, Crowfarn Dr. at Getwell Rd., Memphis		Integris Metals		161,000		0		161,000
Outland Business Center, Outland Center Dr., Memphis		International Multifoods, TricorBraun, KMN Modern Farm Equipment, Inc.		410,000		0		410,000
Southwide Warehouses #2-#4, Federal Compress Ind. Pk., Memphis		Federal Express		236,000		0		236,000
Thomas Street Warehouse, N. Thomas Street, Memphis		Vacant		165,000		0		165,000
Florida, Total				759,000		0		759,000
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
California, Total				727,000		0		727,000
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
UNIMPROVED LAND
Houston & Harris County, Total				2,423,000				2,423,000
Bissonnet at Wilcrest				196,000				196,000
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				792,000				792,000
River Pointe Dr. at I-45, Conroe				590,000				590,000
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

Page 23

			Gross Leasable Area
					Owned by
			WRI		Others
Center and Location	Anchors		Owned		(O.B.O.)		Total
					OWNED BY
	NUMBER OF		WRI		OTHERS		TOTAL
ALL PROPERTIES-BY LOCATION	PROPERTIES		OWNED		(O.B.O.)		SQ FTG
Grand Total		349		46,379,000		12,047,000		58,426,000
Houston & Harris County		84		9,887,000		2,940,000		12,827,000
Texas (excluding Houston & Harris County)		95		11,086,000		2,888,000		13,974,000
Florida		22		4,650,000		416,000		5,066,000
California		24		3,921,000		521,000		4,442,000
Louisiana		17		2,086,000		987,000		3,073,000
Nevada		10		1,975,000		746,000		2,721,000
North Carolina		16		1,871,000		128,000		1,999,000
Georgia		10		2,264,000		174,000		2,438,000
Tennessee		8		1,486,000		0		1,486,000
Arizona		16		1,390,000		766,000		2,156,000
New Mexico		7		1,182,000		397,000		1,579,000
Kansas		5		784,000		46,000		830,000
Oklahoma		4		654,000		48,000		702,000
Arkansas		6		679,000		27,000		706,000
Colorado		13		923,000		1,386,000		2,309,000
Missouri		3		366,000		28,000		394,000
Utah		3		283,000		330,000		613,000
Illinois		2		273,000		121,000		394,000
Maine		1		148,000		49,000		197,000
Kentucky		2		354,000		49,000		403,000
Mississippi		1		117,000		0		117,000
ALL PROPERTIES-BY CLASSIFICATION
Grand Total		349		46,379,000		12,047,000		58,426,000
Shopping Centers		289		36,388,000		10,131,000		46,519,000
Industrial		60		9,991,000		1,916,000		11,907,000
Notes:
*   Denotes partial ownership. WRI's interest is 50% except where noted. The square feet figures represent WRI's proportionateownership 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.
Owned by Others ("O.B.O.") includes buildings owned entirely by another non-WRI legal entity and the proportionate ownership of WRI's partner(s) in various joint ventures and partnerships.

Page 24