WPG News and Press, Washington Prime Group Inc. From 12/26/19

With Forever 21 and many other retailers filing for Chapter 11 bankruptcy protection, the eyes have been on the mall owners over the past months. Each of them took a hit – without exception (Simon Property Group (SPG), Macerich (MAC), Taubman (TCO), Brookfield (BPR), Pennsylvania Real...

Mr. Market is extremely worried about a distribution cut at Washington Prime Group ( WPG ). As usual, now that the stock price has been under $4 per common share that panic has reached epic proportions. Yet, when the stock was far higher a few years back, there was absolutely no discussion of ...

Summary Alliance Resource Partners LP ( ARLP ) is a one of those very interesting, not so common, cases, where you find yourself analyzing a company and coming up with different conclusions when it comes to different layers of the capital structure. Let us start by saying loud and clear:...

Foreword A reader of August's high-yield, low priced dividend dog list said this is "dangerous advice". Hence, it is to be used at your own risk. I have always advised that high dividends are a sure sign of high risk. Combine that signal with a low-price offer and you have the stuff of l...

COLUMBUS, Ohio, Dec. 19, 2019 (GLOBE NEWSWIRE) -- Washington Prime Group Inc. (NYSE: WPG) today announced new hotel and residential uses at the site of its three Oklahoma City properties, further enhancing the Company’s owned retail components which total approximately 310,000 SF. ...

Even bullish Washington Prime (WPG) shareholders generally acknowledge that many of the REIT's malls aren't doing well. It's hard to argue otherwise. Year-to-date, comparable NOI has plunged 8% for Washington Prime's "Tier One" enclosed properties. Including Tier Two and non-core malls, it's...

In this article I argue that the idea that a long-term Retail Apocalypse has driven the recent wave of retail bankruptcies and will continue to drive large numbers of retail firms out of business is wrong. For clarity, note that “Retail Apocalypse” is used in different ways by ...

There’s a relatively old idiom out there that advises people to “swing for the fences.” You’ve no doubt heard it before. You’ve probably even used it before about something unrelated to sports. It’s become part of everyday lingo here in the U.S. We s...

Negativity in the mall space continues to dominate big time. Even the share prices of Class A Mall REITs are experiencing massive losses. A-Malls are defined by tenant sales per square foot (PSF) in excess of $500. By comparison, Macerich's ( MAC ) centers produce average sales PSF of $800 , ...

Macerich ( MAC ) is a name that I have been wary of in the past due to their high leverage. The leverage hasn't gone away, but after much thought, I have become more comfortable with their financing plan moving forward. I think their dividend should be cut, but that's beside the point and shou...