WRI Weingarten Realty Investors

Weingarten Realty Investors (NYSE: WRI) released today the Federal income tax treatment of its 2009 cash distributions to holders of its Common Shares of Beneficial Interest, its depositary shares of 6.75% Series D Cumulative Redeemable Preferred Shares, its depositary shares of 6.95% Series E Cumulative Redeemable Preferred Shares and its depositary shares of 6.50% Series F Cumulative Preferred Shares.

Distributions on common shares traded under the ticker symbol WRI were as follows:

                         

CUSIP

   

Declaration Date

   

Record Date

   

Payable Date

   

Distribution Per Share

948741103     02/20/2009     03/06/2009     03/16/2009     $0.525       04/27/2009     06/08/2009     06/15/2009     $0.25       07/30/2009     09/07/2009     09/15/2009     $0.25       10/26/2009     12/07/2009     12/15/2009     $0.25                   2009 Total     $1.275

Common share distribution characterization is as follows (CUSIP 948741103):

                               

Taxable OrdinaryDividends

   

Total Capital GainDistributions

   

Unrecaptured Sec. 1250 Gain(1)

   

Return of Capital (Nondividend Distributions)

      $0.357291     $0.167709     $0.071684     $0.000000       $0.170138     $0.079862     $0.034135     $0.000000       $0.170138     $0.079862     $0.034135     $0.000000       $0.170138     $0.079862     $0.034135     $0.000000 Totals     $0.867705     $0.407295     $0.174089     $0.000000

(1) Represents additional characterization of, and is a part of, “Total Capital Gain Distributions.”

Distributions on Weingarten’s 6.75% Series D Cumulative Redeemable Preferred Shares (NYSE: WRIPrD) were as follows:

                         

CUSIP

   

Declaration Date

   

Record Date

   

Payable Date

   

Distribution Per Share

948741509     02/20/2009     03/06/2009     03/16/2009     $0.421875       04/27/2009     06/08/2009     06/15/2009     $0.421875       07/30/2009     09/07/2009     09/15/2009     $0.421875       10/26/2009     12/07/2009     12/15/2009     $0.421875                   2009 Total     $1.687500

Series D Preferred Share distribution characterization is as follows (CUSIP 948741509):

                               

Taxable OrdinaryDividends

   

Total Capital GainDistributions

   

Unrecaptured Sec. 1250 Gain

(1)

   

Return of Capital (Nondividend Distributions)

      $0.287109     $0.134766     $0.057603     $0.000000       $0.287109     $0.134766     $0.057603     $0.000000       $0.287109     $0.134766     $0.057603     $0.000000       $0.287109     $0.134766     $0.057603     $0.000000 Totals     $1.148436     $0.539064     $0.230412     $0.000000

(1) Represents additional characterization of, and is a part of, “Total Capital Gain Distributions.”

Distributions on Weingarten’s 6.95% Series E Cumulative Redeemable Preferred Shares (NYSE: WRIPrE) were as follows:

                         

CUSIP

   

Declaration Date

   

Record Date

   

Payable Date

   

Distribution Per Share

948741608     02/20/2009     03/06/2009     03/16/2009     $0.434375       04/27/2009     06/08/2009     06/15/2009     $0.434375       07/30/2009     09/07/2009     09/15/2009     $0.434375       10/26/2009     12/07/2009     12/15/2009     $0.434375                   2009 Total     $1.737500

Series E Preferred Share distribution characterization is as follows (CUSIP 948741608):

                               

Taxable OrdinaryDividends

   

Total Capital GainDistributions

   

Unrecaptured Sec. 1250 Gain(1)

   

Return of Capital (Nondividend Distributions)

      $0.295616     $0.138759     $0.059310     $0.000000       $0.295616     $0.138759     $0.059310     $0.000000       $0.295616     $0.138759     $0.059310     $0.000000       $0.295616     $0.138759     $0.059310     $0.000000 Totals     $1.182464     $0.555036     $0.237240     $0.000000

(1) Represents additional characterization of, and is a part of, “Total Capital Gain Distributions.”

Distributions on Weingarten’s 6.50% Series F Cumulative Redeemable Preferred Shares (NYSE: WRIPrF) were as follows:

                         

CUSIP

   

Declaration Date

   

Record Date

   

Payable Date

   

Distribution Per Share

948741889     02/20/2009     03/06/2009     03/16/2009     $0.406250       04/27/2009     06/08/2009     06/15/2009     $0.406250       07/30/2009     09/07/2009     09/15/2009     $0.406250       10/26/2009     12/07/2009     12/15/2009     $0.406250                   2009 Total     $1.62500

Series F Preferred Share distribution characterization is as follows (CUSIP 948741889):

                               

Taxable OrdinaryDividends

   

Total Capital GainDistributions

   

Unrecaptured Sec. 1250 Gain(1)

   

Return of Capital (Nondividend Distributions)

      $0.276475     $0.129775     $0.055470     $0.000000       $0.276475     $0.129775     $0.055470     $0.000000       $0.276475     $0.129775     $0.055470     $0.000000       $0.276475     $0.129775     $0.055470     $0.000000 Totals     $1.105900     $0.519100     $0.221880     $0.000000

(1) Represents additional characterization of, and is a part of, “Total Capital Gain Distributions.”

Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Weingarten Realty Investors cash distributions. For additional information, contact Weingarten’s Investor Relations Department.

About Weingarten Realty Investors

Weingarten Realty Investors (NYSE: WRI) is a commercial real estate owner, manager and developer. At September 30, 2009, the company owned or operated under long-term leases, either directly or through its interest in real estate joint ventures or partnerships, a total of 385 developed income-producing properties and 13 properties under various stages of construction and development. The total number of properties includes 315 neighborhood and community shopping centers located in 22 states spanning the country from coast to coast. The company also owns 80 industrial projects located in California, Florida, Georgia, Tennessee, Texas and Virginia and three other operating properties located in Arizona and Texas. At September 30, 2009, the company’s portfolio of properties comprised approximately 72.3 million square feet.

Forward-Looking Statements

Statements included herein that state the Company’s or Management’s intentions, hopes, beliefs, expectations or predictions of the future are “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995 which by their nature, involve known and unknown risks and uncertainties. The Company’s actual results, performance or achievements could differ materially from those expressed or implied by such statements. Reference is made to the Company’s regulatory filings with the Securities and Exchange Commission for information or factors, which may impact the Company’s performance.