WPG News and Press, Washington Prime Group Inc. From 09/02/20

In a recent article, I shared some Thinking About Malls . That article discussed the elements involved in the success of malls going forward. A main focus there was the tenants who run mall stores (as opposed to anchors). Going forward past this recession, they will be less indebted and ful...

Co-produced with Beyond Saving The impact of the COVID-19 pandemic was unexpected and has occurred at a scale that was unimaginable a year ago – it seemed really far fetched even as recently as February. There's no person or business in the entire world who has not been impacted. ...

Fitch Ratings cuts Washington Prime Group's (NYSE: WPG ) long-term issuer default rating , reflecting the rating company's expectation that WPG that an event of default or an exchange/restructuring of existing debt is likely within a year. More news on: Washington Prime Group Inc., Fina...

-The Bunker to include the Ben Curtis Golf Academy Washington Prime Group Inc. (NYSE: WPG) today provided an update on redevelopment efforts at Southern Park Mall, located in Boardman, Ohio and serving the greater Youngstown MSA. The Company remains committed to executing a first class r...

Articles about malls and the Real Estate Investment Trusts (“REITs”) that own many of them are full of very definite statements and opinions. So are many of the comments on this subject. Unfortunately, these are rarely well justified. My goal lately regarding malls has been to ...

This article was coproduced with Investing With Confidence. If the word “optimism” was a person, who would it look like? No doubt about it, the answer is Lou Conforti, the unconventional CEO of Washington Prime Group ( WPG ). (Source: NAREIT interview ) Conforti i...

Washington Prime Group (NYSE: WPG )   surges 38%  in premarket trading after the company gets amendments to its credit facilities that will provide some covenant relief through Q3 2021, helping to support its long-term business plan. More news on: Washington Prime Group Inc., ...

Washington Prime Group Inc. (NYSE: WPG) today announced that the Company has entered into amendments with respect to its credit facilities, which will provide certain covenant relief through the third quarter of 2021 (the “Amendments”), further strengthening and supporting the C...

Earnings for retail REITs were, for a lack of a better word, a mess. However, they certainly appeared to be less of a doomsday result than many might have expected. After all, commonly cited measures like same-store net operating income ("SSNOI") and funds from operations ("FFO") were not all ...

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,...