HOUSTON, Jan. 19 /PRNewswire-FirstCall/ -- Weingarten Realty Investors released today the Federal income tax treatment of its 2008 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, its depositary shares of 6.50% Series F Cumulative Preferred Shares and its depositary shares of floating rate Series G Preferred Shares.
Distributions on common shares traded under the ticker symbol WRI were as follows: CUSIP Declaration Record Date Payable Date Distribution Per Date Share 948741103 02/26/2008 03/07/2008 03/17/2008 $0.525 05/07/2008 06/06/2008 06/16/2008 $0.525 07/31/2008 09/05/2008 09/15/2008 $0.525 10/30/2008 12/05/2008 12/15/2008 $0.525 2008 Total $2.100 Common share distribution characterization is as follows (CUSIP 948741103): Taxable Total Unrecaptured Return of Capital Ordinary Capital Sec. 1250 (Nondividend Dividends Gain Gain Distributions) Distributions (1) $0.238832 $0.286168 $0.059523 $0.000000 $0.238832 $0.286168 $0.059523 $0.000000 $0.238832 $0.286168 $0.059523 $0.000000 $0.238832 $0.286168 $0.059523 $0.000000 Totals $0.955328 $1.144672 $0.238092 $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 were as follows: CUSIP Declaration Record Date Payable Date Distribution Per Date Share 948741509 02/26/2008 03/07/2008 03/17/2008 $0.421875 05/07/2008 06/06/2008 06/16/2008 $0.421875 07/31/2008 09/05/2008 09/15/2008 $0.421875 10/30/2008 12/05/2008 12/15/2008 $0.421875 2008 Total $1.687500 Series D Preferred Share distribution characterization is as follows (CUSIP 948741509): Taxable Total Unrecaptured Return of Ordinary Capital Sec. 1250 Capital Dividends Gain Gain (Nondividend Distributions (1) Distributions) $0.191918 $0.229957 $0.047831 $0.000000 $0.191918 $0.229957 $0.047831 $0.000000 $0.191918 $0.229957 $0.047831 $0.000000 $0.191918 $0.229957 $0.047831 $0.000000 Totals $0.767672 $0.919828 $0.191324 $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 were as follows: CUSIP Declaration Record Date Payable Date Distribution Per Date Share 948741608 02/26/2008 03/07/2008 03/17/2008 $0.434375 05/07/2008 06/06/2008 06/16/2008 $0.434375 07/31/2008 09/05/2008 09/15/2008 $0.434375 10/30/2008 12/05/2008 12/15/2008 $0.434375 2008 Total $1.737500 Series E Preferred Share distribution characterization is as follows (CUSIP 948741608): Taxable Total Unrecaptured Return of Capital Ordinary Capital Sec. 1250 (Nondividend Dividends Gain Gain Distributions) Distributions (1) $0.197605 $0.236770 $0.049248 $0.000000 $0.197605 $0.236770 $0.049248 $0.000000 $0.197605 $0.236770 $0.049248 $0.000000 $0.197605 $0.236770 $0.049248 $0.000000 Totals $0.790420 $0.947080 $0.196992 $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 were as follows: CUSIP Declaration Record Date Payable Date Distribution Per Date Share 948741889 02/26/2008 03/07/2008 03/17/2008 $0.406250 05/07/2008 06/06/2008 06/16/2008 $0.406250 07/31/2008 09/05/2008 09/15/2008 $0.406250 10/30/2008 12/05/2008 12/15/2008 $0.406250 2008 Total $1.62500 Series F Preferred Share distribution characterization is as follows (CUSIP 948741889): Taxable Total Unrecaptured Return of Capital Ordinary Capital Sec. 1250 (Nondividend Dividends Gain Gain Distributions) Distributions (1) $0.184810 $0.221440 $0.046059 $0.000000 $0.184810 $0.221440 $0.046059 $0.000000 $0.184810 $0.221440 $0.046059 $0.000000 $0.184810 $0.221440 $0.046059 $0.000000 Totals $0.739240 $0.885760 $0.184236 $0.000000 (1) Represents additional characterization of, and is a part of, "Total Capital Gain Distributions." Distributions on Weingarten's floating rate Series G Cumulative Redeemable Preferred Shares were as follows: CUSIP Declaration Record Date Payable Date Distribution Per Date Share 948741871 02/26/2008 03/07/2008 03/17/2008 $0.384049 05/07/2008 06/06/2008 06/16/2008 $0.226173 2008 Total $0.610222 Series G Preferred Share distribution characterization is as follows (CUSIP 948741871): Taxable Total Unrecaptured Return of Capital Ordinary Capital Sec. 1250 (Nondividend Dividends Gain Gain Distributions) Distributions (1) $0.174711 $0.209338 $0.043542 $0.000000 $0.102890 $0.123283 $0.025643 $0.000000 Totals $0.277601 $0.332621 $0.069185 $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
As one of the largest real estate investment trusts listed on the New York Stock Exchange, Weingarten Realty is celebrating its 60th anniversary as a commercial real estate owner, manager and developer, formed in 1948. Focused on delivering solid returns to shareholders, Weingarten is actively developing, acquiring, and intensively managing properties in 23 states that span the United States from coast-to-coast. The Company's portfolio of 409 properties includes 329 neighborhood and community shopping centers and 80 industrial properties. Including tenant-owned square footage, the Company's portfolio currently totals approximately 74 million square feet under management. Weingarten has one of the most diversified tenant bases of any major REIT in its sector, with the largest of its 5,400 tenants comprising less than 3% of its rental revenues. To learn more about the Company's operations and growth strategies, please visit http://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.
