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WPG - The Retail Renaissance Is Coming: Buy For Income Stay For The Capital Gains
Washington Prime Group Inc.
Co-produced with Beyond Saving
In the seemingly endless bull/bear debate over mall REITs, the bears have certainly been in control of share prices. In 2019, all mall REITs gave up ground. Perhaps unexpectedly to some, the 16% yielding Pennsylvania REIT (PEI) and 27% yielding Washington Prime Group (WPG) held up the best on a total return basis, even beating Mall REIT "SWAN" Simon Property Group (SPG).
This outperformance in 2019 is likely due to WPG and PEI having been beaten down in 2017 and 2018 combined with their oversized