WPG News and Press, Washington Prime Group Inc. From 08/12/20

The majority of earnings season for mall REITs got crushed into a single afternoon this quarter. The sector has been hit particularly hard by the COVID-19 pandemic, and mall owners apparently decided to get all their bad news out at once. While every single mall owner reported dreadful results,...

Washington Prime Group Inc. (WPG) Q2 2020 Results Conference Call August 11, 2020 11:00 AM ET Company Participants Lisa Indest - EVP and Chief Accounting Officer Lou Conforti - CEO Mark Yale - CFO Josh Lindimore - Head, Leasing Conference Call Participants Floris van Dijk...

Image source: The Motley Fool. Washington Prime Group Inc   (NYSE: WPG) Q2 2020 Earnings Call Aug 11, 2020 , 11:00 a.m. ET Operator Continue reading

Washington Prime Group (NYSE: WPG ) sinks 16%  in premarket trading after Q2 comparable net operating income slid 44.6% as the REIT collected ~44% of contractual rental income an associated charges for the quarter. More news on: Washington Prime Group Inc., Financial stocks news,...

Washington Prime Group (NYSE: WPG ) : Q2 FFO of $0.01 misses by $0.13 . Revenue of $98.76M (-38.8% Y/Y) misses by $4.85M . Company intends to enter into 1:9 reverse share split by the end of the year. Shares -13.9% AH. Press Release More news on: Washington Prime Group Inc.,...

The Company has received the requisite lender consents for the modification of its existing $1.3B credit facilities which includes an immediate waiver of certain financial covenants as well as less restrictive thresholds thereafter Consideration for the aforementioned is temporary part...

There is no such thing as an L-shaped recovery, but I’m still long Simon Property Group ( SPG ). The landlord of Class-A mall real estate hasn’t made profits for recent shareholders as of late. In fact, it has been an outright painful experience for shareholders. In this article ...

Washington Prime Group Inc. (NYSE: WPG) today announced that the Company will hold a conference call on Tuesday, August 11, 2020 at 11:00 a.m. Eastern Time to discuss the Company’s second quarter 2020 financial and operating results. The dial-in number for the conference call is 83...

As the COVID-19 pandemic triggers a wave of retailer bankruptcies, some landlords are left with little recourse when the tenants in bankruptcy proceedings want to get out of or renegotiate leases. More news on: CBL & Associates Properties, Inc., Hudson's Bay Company, Tanger Factory O...

Real Estate Earnings Preview Here we go again! Real estate earnings season kicks off this week with more than 175 equity REITs and dozens of housing industry companies reporting earnings over the next five weeks. Perhaps foreshadowing a frenetic REIT earnings season, troubled mall REIT CB...