828916--3/16/2006--WEINGARTEN_REALTY_INVESTORS

related topics

{loan, real, estate}

{investment, property, distribution}

{tax, income, asset}

{debt, indebtedness, cash}

{regulation, change, law}

{loss, insurance, financial}

{cost, operation, labor}

{cost, contract, operation}

{gas, price, oil}

{condition, economic, financial}

The economic performance and value of our shopping centers depend on many factors, each of which could have an adverse impact on our cash flows and operating results. Our acquisition activities may not produce the cash flows that we expect and may be limited by competitive pressures or other factors. Our dependence on rental income may adversely affect our ability to meet our debt obligations and make distributions to our shareholders. Our development and construction activities could affect our operating results. Real estate property investments are illiquid, and therefore we may not be able to dispose of properties when appropriate or on favorable terms. Our cash flows and operating results could be adversely affected by required payments of debt or related interest and other risks of our debt financing. Property ownership through partnerships and joint ventures could limit our control of those investments and reduce our expected return. Our financial condition could be adversely affected by financial covenants. If we fail to qualify as a REIT in any taxable year, we will be subject to U.S. federal income tax as a regular corporation and could have significant tax liability. Compliance with REIT requirements may negatively affect our operating decisions. Dividends paid by REITs generally do not qualify for reduced tax rates. Our real estate investments may contain environmental risks that could adversely affect our operating results. An uninsured loss or a loss that exceeds the policies on our properties could subject us to lost capital or revenue on those properties. Compliance with the Americans with Disabilities Act and fire, safety and other regulations may require us to make unintended expenditures that adversely affect our cash flows. The economic performance and value of our shopping centers depend on many factors, each of which could have an adverse impact on our cash flows and operating results. Our acquisition activities may not produce the cash flows that we expect and may be limited by competitive pressures or other factors. Our dependence on rental income may adversely affect our ability to meet our debt obligations and make distributions to our shareholders. Our development and construction activities could affect our operating results. Real estate property investments are illiquid, and therefore we may not be able to dispose of properties when appropriate or on favorable terms. Our cash flows and operating results could be adversely affected by required payments of debt or related interest and other risks of our debt financing. Property ownership through partnerships and joint ventures could limit our control of those investments and reduce our expected return. Our financial condition could be adversely affected by financial covenants. If we fail to qualify as a REIT in any taxable year, we will be subject to U.S. federal income tax as a regular corporation and could have significant tax liability. Compliance with REIT requirements may negatively affect our operating decisions. Dividends paid by REITs generally do not qualify for reduced tax rates. Our real estate investments may contain environmental risks that could adversely affect our operating results. An uninsured loss or a loss that exceeds the policies on our properties could subject us to lost capital or revenue on those properties. Compliance with the Americans with Disabilities Act and fire, safety and other regulations may require us to make unintended expenditures that adversely affect our cash flows.

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828916--3/16/2006--WEINGARTEN_REALTY_INVESTORS_/TX/