Weingarten Realty Investors Reports No Significant Damage Caused By Hurricane Katrina
August 30 2005 - 6:17PM
PR Newswire (US)
HOUSTON, Aug. 30 /PRNewswire-FirstCall/ -- Weingarten Realty
Investors (NYSE:WRI) reported today that Hurricane Katrina had
minimal effect to its portfolio in Louisiana. The Company has only
two properties in the New Orleans area, which represent less than
one-half of one percent of its revenues. These two properties total
100,000 square feet and include Manhattan Plaza in Harvey (a suburb
of New Orleans) and Orleans Station in New Orleans. At this time
the Company has not been able to assess the status of these
properties. Additionally, the Company said its properties in
Hammond and Baton Rouge, Louisiana sustained no significant
structural damage. Additional information will be provided as soon
as it becomes available. About Weingarten Realty Investors
Weingarten Realty Investors is a Houston, Texas based real estate
investment trust with 353 income producing and new development
properties in 20 states that span from coast to coast in the
southern half of the United States. Included in the portfolio are
294 neighborhood and community shopping centers and 59 industrial
properties aggregating 47.0 million square feet. Weingarten has one
of the most diversified tenant bases of any major REIT in its
sector, with the top 10 tenants comprising less than 15% of its
rental revenues. Listed on the New York Stock Exchange, the
Company's common shares are traded under the symbol "WRI". For
further information on the Company, please visit
http://www.weingarten.com/ . DATASOURCE: Weingarten Realty
Investors CONTACT: Brook Wootton, Director of Investor Relations
& Corporate Communications of Weingarten Realty Investors,
+1-713-866-6050 Web site: http://www.weingarten.com/
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