WPG News and Press, Washington Prime Group Inc. From 02/05/20

In an efficient market, prices would reflect future earnings discounted back to present value. This necessitates that low growth companies would trade at a low multiple of near term earnings and that higher growth companies would trade at a higher multiple of near term earnings. The market i...

Co-produced with Beyond Saving We all know that mall REITs have been the outcasts of REITdom. The retail apocalypse narrative has ruled the sector for at least the past 3-years. Toys 'R Us, BonTon, Sears, Gymboree, Payless Shoesource, the retail sector was hit by significant bankrupt...

Taubman Centers is  higher by 10%   after a Bloomberg report of merger talks between it and Simon Property Group. More news on: Pennsylvania Real Estate Investment Trust, The Macerich Company, CBL & Associates Properties, Inc., Merger & acquisition news, Stocks on the mo...

This article is not written to make the case for investing in mall REITs now. The bull case has been made in a sequence of articles by Marel, among others. My own Retail Apocalypse NOT showed why I believe that we have been in a normal cycle of retail liquidations and not experiencing a ra...

For many years, W.P. Carey Inc ( WPC ) was one of our favorite REITs and we issued research on it frequently. It produced a 7%-plus yield alongside highly-favorable price to funds from operations ("FFO") ratios. The market didn't understand W.P. Carey and we reaped the benefits. Source: Y...

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 Washi...

Washington Prime Group Inc. (NYSE: WPG) today announced redevelopment efforts at The Mall at Johnson City, located in Johnson City, Tennessee. The Company proactively executed an agreement in 2019 to gain control of the Sears site for planned redevelopment. Planning for this redevelopment eff...

Washington Prime Group Inc. (NYSE: WPG) today announced that SCHEELS All Sports store will join the dynamic tenant lineup at Southgate Mall located in Missoula, Montana. The new SCHEELS location will occupy approximately 110,000 SF of renovated space and is expected to open in the second half...

Co-produced with Beyond Saving Back in March, we recommended investors consider investing in the preferred equity of Pennsylvania Real Estate Investment Trust ( PEI ). With a common dividend yielding more than 16%, the common equities are certainly tempting, however, sentiment remain...

Co-produced with author Beyond Saving We saw a lot of red across the market in general on Friday. It's important to update on a few issues. Coronavirus Many are pointing to the coronavirus outbreak in China which has varying effects across the market, most of which are psychologi...