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Weingarten Realty Investors Releases Tax Status of 2011 Cash Dividends

HOUSTON--(BUSINESS WIRE)--Jan. 17, 2012-- Weingarten Realty Investors (NYSE: WRI) released today the Federal income tax treatment of its 2011 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   02/25/2011   03/08/2011   03/15/2011   $0.275
    05/04/2011   06/03/2011   06/15/2011   $0.275
    08/02/2011   09/02/2011   09/15/2011   $0.275
    10/31/2011   12/02/2011   12/15/2011   $0.275
            2011 Total   $1.10
       

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

   

Taxable
Ordinary
Dividends

 

Total Capital
Gain
Distributions

 

Unrecaptured Sec.
1250 Gain
(1)

 

Return of Capital
(Nondividend
Distributions)

    $0.275   $0.000000   $0.000000   $0.000000
    $0. 275   $0.000000   $0.000000   $0.000000
    $0. 275   $0.000000   $0.000000   $0.000000
    $0. 275   $0.000000   $0.000000   $0.000000
Totals   $1.10   $0.000000   $0.000000   $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   02/25/2011   03/08/2011   03/15/2011   $0.421875
    05/04/2011   06/03/2011   06/15/2011   $0.421875
    08/02/2011   09/02/2011   09/15/2011   $0.421875
    10/31/2011   12/02/2011   12/15/2011   $0.421875
            2011 Total   $1.687500
       

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

   

Taxable
Ordinary
Dividends

 

Total Capital
Gain
Distributions

 

Unrecaptured Sec.
1250 Gain
(1)

 

Return of Capital
(Nondividend
Distributions)

    $0.421875   $0.000000   $0.000000   $0.000000
    $0.421875   $0.000000   $0.000000   $0.000000
    $0.421875   $0.000000   $0.000000   $0.000000
    $0.421875   $0.000000   $0.000000   $0.000000
Totals   $1.687500   $0.000000   $0.000000   $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   02/25/2011   03/08/2011   03/15/2011   $0.434375
    05/04/2011   06/03/2011   06/15/2011   $0.434375
    08/02/2011   09/02/2011   09/15/2011   $0.434375
    10/31/2011   12/02/2011   12/15/2011   $0.434375
            2011 Total   $1.737500
       

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

   

Taxable
Ordinary
Dividends

 

Total Capital
Gain
Distributions

 

Unrecaptured Sec.
1250 Gain
(1)

 

Return of Capital
(Nondividend Distributions)

 

    $0.434375   $0.000000   $0.000000   $0.000000
    $0.434375   $0.000000   $0.000000   $0.000000
    $0.434375   $0.000000   $0.000000   $0.000000
    $0.434375   $0.000000   $0.000000   $0.000000
Totals   $1.737500   $0.000000   $0.000000   $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   02/25/2011   03/08/2011   03/15/2011   $0.406250
    05/04/2011   06/03/2011   06/15/2011   $0.406250
    08/02/2011   09/02/2011   09/15/2011   $0.406250
    10/31/2011   12/02/2011   12/15/2011   $0.406250
            2011 Total   $1.62500
       

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

   

Taxable
Ordinary
Dividends

 

Total Capital
Gain
Distributions

 

Unrecaptured
Sec. 1250 Gain
(1)

 

Return of Capital
(Nondividend Distributions)

 

    $0.406250   $0.000000   $0.000000   $0.000000
    $0.406250   $0.000000   $0.000000   $0.000000
    $0.406250   $0.000000   $0.000000   $0.000000
    $0.406250   $0.000000   $0.000000   $0.000000
Totals   $1.625000   $0.000000   $0.000000   $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, 2011, 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 386 developed income-producing properties and 10 properties under various stages of construction and development. The total number of properties includes 317 neighborhood and community shopping centers located in 23 states spanning the country from coast to coast. The Company also owns 76 industrial projects located in California, Florida, Georgia, Tennessee, Texas and Virginia and three other operating properties located in Arizona and Texas. At September 30, 2011, the Company operated a portfolio of properties representing approximately 74.7 million square feet. To learn more about the Company’s operations and growth strategies, please visit www.weingarten.com.

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.

Source: Weingarten Realty Investors

Weingarten Realty Investors
Information: (713) 866-6054

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