WRI Weingarten Realty Investors

Weingarten Realty Investors Corrects Press Release With Respect to Use Of Proceeds From Sale of Common Shares HOUSTON, Feb. 25 /PRNewswire-FirstCall/ -- Weingarten Realty Investors announced today that the Company intends to use the net proceeds from the February 25, 2004 sale of 2,400,000 shares to fully redeem its outstanding 7.00% Series C Cumulative Redeemable Preferred Shares, with the balance to be used to reduce outstanding indebtedness under its revolving credit facility. Weingarten Realty Investors is a Houston, Texas based real estate investment trust with 330 income-producing and new development properties in 19 states that span the southern part of the United States from coast to coast. Included in the portfolio are 269 neighborhood and community shopping centers and 61 industrial properties aggregating approximately 43.5 million square feet. Listed on the New York Stock Exchange, the Company's common shares are traded under the symbol "WRI". Please visit Weingarten's website at http://www.weingarten.com/ 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 as 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. http://www.newscom.com/cgi-bin/prnh/19991216/WRILOGO DATASOURCE: Weingarten Realty Investors CONTACT: Tracy Pursell of Weingarten Realty Investors, +1-713-866-6050 Web site: http://www.weingarten.com/

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