WPG News and Press, Washington Prime Group Inc. From 01/09/20

Co-produced with R. Paul Drake This is the second of two articles comparing and contrasting the financials of mall REITs. Here we concentrate on debt and liquidity, using the 2018 annual 10-K SEC filings for data. All our results are pro rata, including the proportionate share of income ...

Co-produced with R. Paul Drake This is the first of two planned articles comparing the financial data for the mall REITs. In this first article we focus on operating numbers. In the next article we will focus on debt and liquidity. By a REIT, we refer here to a Real Estate Investment...

Real Estate Weekly Outlook With a "truce" in the U.S.-China trade war and a clear resolution to Brexit uncertainty, geopolitics appeared destined to be on put the back-burner in the first half of 2020. One drone strike later, and suddenly financial markets are scrambling to discount the po...

Co-produced with Beyond Saving As investors who are primarily focused on income, REITs are among our favorite types of investments. With a tax structure that requires them to pay out the majority of their taxable income to shareholders, REITs frequently have much higher yields than ave...

REITs: A Decade In Review "Recover and Rebuild" was the theme of the 2010s. Despite entering the 2010s scarred and wounded from the devastation of the financial crisis, REITs and Homebuilders delivered generally strong and steady performance throughout the last decade following an intensel...

I don’t know about you, but I’ve learned a lot since 2010, which is about when I began writing on Seeking Alpha. Boy, how time flies. I can’t believe I’ve written 2,341 articles over the last decade. That averages out to 234 articles per year which, incidental...

Simon Property Group ( SPG ) is known as the highest quality and most robust mall REIT. They have often been priced high enough to have a dividend below 3%. They reliably increase their dividend every year. Even so, Simon cut their dividend during the Great Recession. Moreover, we read and...

In mathematics, the Lyapunov exponent quantifies the rate of separation of trajectories. Two trajectories can be said to diverge at a rate explained by the following: Where the divergence at time t is a function of the divergence at time 0 with the Lyapunov exponent (represented as the lambd...

Real Estate Weekly Outlook The holiday season continues to be a quite merry one for investors, a far more relaxing one for asset managers following last year's extreme volatility during the Christmas season. US equity markets notched a fifth straight week of records, climbing for the 11th ...

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...