"We remain cautiously optimistic that our operations levels havereached the point where the worst is behind us," remarkedWeingarten president and CEO Drew Alexander. However, Alexanderacknowledged that the remainder of 2009 and 2010 will "remainchallenging."

Net income, on a diluted, per-share basis did drop from $.35 pershare from $.76 per share last year; however, this was due to adecrease in the gains of sale of properties from $41 million in2008 to $11 million so far this year. The company's common equityoffering also impacted net income.

But the leasing was looking up; retail occupancy increased to92.1% during Q2 2009 versus 91.7% at the end of Q1 2009. Falloutsin the industrial division, however, pushed total occupancydownward to 90.9% from 91.5% from the previous quarter.

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