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WPG - Blinded By The Dividend-Paying Light: Beware Of Washington Prime's 'Sucker Yield'
Washington Prime Group Inc.
As many know, Louis Conforti, the CEO of Washington Prime Group (WPG), is one of the most flamboyant REIT execs who frequently uses rock bands in his investor messaging. For example, he once said,
“One thing was and continues to remain certain, status quo is not acceptable. The late musician Frank Zappa stated, without deviation from the norm, progress is not possible.”
Conforti also appears to have Queen on his iTunes list as he explained,
“It is this disavowal of the status quo along with the tenant fiscal responsibility and operating efficacy, which