Pricing Supplement No.9 Filing under Rule 424(b)(3) Dated June 23, 2004 Registration File No. 333-104560 Cusip # 948 74R CP9 WEINGARTEN REALTY INVESTORS MEDIUM-TERM NOTES, SERIES A Principal amount: $50,000,000 Floating Rate Notes: N/A Interest Rate (if fixed rate): 5.263% Interest rate basis: N/A Stated Maturity: 05/15/12 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): 98.713% 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): 06/28/04 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 74RCP9 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 $450,000,000. "N/A" as used herein means "Not Applicable." These notes represent a reopening of the 5.263% medium-term note due 2012 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 May 6, 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 May 6, 2004 ("pre-issuance accrued interest") which will be included in the accrued interest to be paid on the first interest payment date on September 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. J. P. MORGAN SECURITIES