FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * DEBROVNER MARTIN   2. Issuer Name and Ticker or Trading Symbol WEINGARTEN REALTY INVESTORS /TX/ [WRI] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) VICE CHAIRMAN/COO (Last) (First) (Middle) 2600 CITADEL PLAZA DR, #300 3. Date of Earliest Transaction (Month/Day/Year) 01/03/2006 (Street) HOUSTON, TX 77008- 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 01/03/2006 01/03/2006 M   2,890 A $ 18.9467 340,659.3325 D   Common Stock 01/03/2006 01/03/2006 M   4,337 A $ 18.9467 344,996.3325 D   Common Stock 01/03/2006 01/03/2006 M   2,613 A $ 21.7955 347,609.3325 D   IRA               1,239.75 D   Common Stock               157.6425 I Employee Stock Purchase Plan Common Stock               225 I IRA FOR SPOUSE IRA               356.7435 I IRA FOR SPOUSE Common Stock               40,358.25 I VARIOUS ACCOUNTS FOR CHILDREN

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Stock Option

$ 0

01/03/2006

01/03/2006

M

5,278

12/18/2002

12/18/2011

Common Stock

2,613

$ 21.7955

28,126

D

Stock Options (Right to buy)

$ 18.9467

01/03/2006

01/03/2006

M

9,376

12/08/2001

12/08/2010

Common Stock

2,890

$ 18.9467

47,568

D

Stock Options (Right to buy)

$ 18.9467

01/03/2006

01/03/2006

M

12,338

12/08/2001

12/08/2010

Common Stock

4,337

$ 18.9467

35,230

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
DEBROVNER MARTIN 2600 CITADEL PLAZA DR #300 HOUSTON, TX 77008-			VICE CHAIRMAN/COO

Signatures

MARTIN DEBROVNER		01/05/2006
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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