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WPG - Washington Prime Group: Too Much Corporate Spin For Comfort
Washington Prime Group Inc.
Washington Prime Group (WPG) CEO Lou Conforti is one of the most controversial CEOs in the REIT world, due to his bombastic management style and unorthodox approach to communicating with investors. Washington Prime's recent financial results have added to the controversy. Bears point to sharp declines in net operating income (NOI) and funds from operations (FFO), while bulls are pinning their hopes on a projected return to growth next year.
With a rock-bottom valuation of just four times FFO and a sky-high 23% dividend yield, Washington Prime stock holds plenty of attraction for