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HOUSTON-Weingarten Realty, a REIT with about 70 million square feet of retail and industrial properties, posted a net income drop in the first quarter to $10.2 million, from $33.1 million in Q1 2009, and funds from operations totaling $48.9 million in the first quarter, compared to $67.2 million for the same period a year ago. However, there was positive news for the company , increasing occupancy to 92.2% from 91.8% in Q4 2009.


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