Pricing Supplement No.7 Filing under Rule 424(b)(3)
Dated April 1, 2004 Registration File No. 333-104560
Cusip # 948 74R CN4
WEINGARTEN REALTY INVESTORS
MEDIUM-TERM NOTES, SERIES A
Principal amount: $50,000,000 Floating Rate Notes: N/A
Interest Rate (if fixed rate): 4.857% Interest rate basis: N/A
Stated Maturity: 01/15/14 Paper Rate
Specified Currency: U.S. $ Prime Rate
Applicable Exchange Rate (if any): LIBOR
U.S. $1.00 = N/A Treasury Rate
Issue price (as a percentage of CD Rate
principal amount): 101.095% Federal Funds Rate
Selling Agent's commission (%): .625% Other:
Purchasing Agent's discount Index Maturity: N/A
or commission (%): N/A Spread Multiplier: N/A
Settlement date (original Maximum Rate: N/A
issue date): 04/06/04 Minimum Rate: N/A
Redemption Commencement Initial Interest Rate: N/A
Date (if any): N/A Interest Reset Date(s): N/A
Interest Determination Date(s): N/A Optional Repayment Date: N/A
Calculation Date(s): N/A Cusip # 948 74RCN4
Accrued Interest: $141,662.50
Interest Payment Date (s): 3/15, 9/15
Regular Record Date(s): 3/1, 9/1
Redemption prices (if any): The Redemption Price shall initially be
N/A % of the principal amount of such Notes to be redeemed.
If such Notes are denominated in other than U.S. dollars, the applicable
Foreign Currency Supplement is attached hereto.
Additional terms: N/A
As of the date of this Pricing Supplement, the aggregate initial public
offering price (or its equivalent in other currencies) of the Debt Securities
(as defined in the Prospectus) which have been sold (including the Notes to
which this Pricing Supplement relates) is $325,000,000.
"N/A" as used herein means "Not Applicable."
These notes represent a reopening of the 4.857% medium-term note due 2014 issued
by Weingarten Realty Investors and these notes constitute a single series of
notes with these notes.
Pursuant to U.S. Treasury regulations section 1.1275-2(k)(3), the issuance of
the notes will be treated as a "qualified reopening" of the fixed rate notes
with an original issue date of January 14, 2004 (the "original notes').
Therefore, for purposes of the rules governing original issue discount, the
notes will have the same issue date, issue price and adjusted issue price as the
original notes. See "Federal Income Tax Consequences - U.S. Holders - Original
Issue Discount" in the prospectus supplement. Depending on your purchase price
for your notes, your notes may have a market discount or amortizable bond
premium. See "Federal Income Tax Consequences - U.S. Holders - Market Discount"
and "-Acquisition Premium; Amortizable Bond Premium" in the prospectus
supplement. The purchase price for the notes will also reflect interest accrued
from January 14, 2004 ("pre-issuance accrued interest") which will be included
in the accrued interest to be paid on the first interest payment date on March
15, 2004. In accordance with U.S. Treasury regulations section 1.1273-2(m), for
purposes of the rules governing original issue, Weingarten Realty Investors will
exclude the pre-issuance accrued interest from the issue price of the notes. In
accordance with this treatment, holders must treat a corresponding portion of
the interest payable on the first interest payment date as a return of the
excluded pre-issuance accrued interest, rather than as an amount payable on the
notes.
Banc of America Securities
JPMorgan Chase Securities