WPG News and Press, Washington Prime Group Inc. From 09/19/20

As the COVID-19 pandemic forced non-essential retailers to close earlier this year, retail landlords -- especially mall owners -- suddenly found it very difficult to collect the rent they were owed. Some tenants argued that the pandemic entitled them to temporary rent breaks. Others simply didn'...

Washington Prime Group Inc. (NYSE: WPG) today announced as part of its sustainability efforts the completion of the solar panel system at Weberstown Mall, located in Stockton, California. The system is comprised of 3,456 photovoltaic (PV) modules, spanning more than 76,645 SF, offsetting appr...

The following slide deck was published by Washington Prime Group Inc. in conjunction with this Read more ...

Washington Prime Group, Inc. (WPG) Bank of America Merrill Lynch Tower Global Real Estate Conference September 15, 2020, 10:30 ET Company Participants Louis Conforti - CEO & Director Mark Yale - EVP & CFO Joshua Lindimore - EVP & Head, Leasing Conference Call Parti...

Washington Prime Group (NYSE: WPG ) collected 48% of contractual rents and charges for Q2 2020  and, through deferral arrangements and payments currently due, expects to collect an additional 26%, for a total of 74% for the quarter. More news on: Washington Prime Group Inc., Financ...

Washington Prime Group Inc. (NYSE: WPG) today provided an update on several operating metrics in conjunction with the posting of its investor presentation for the BofA Securities Global Real Estate Virtual Conference. Significant Leasing Progress in the Face of COVID-19 Pandemic Lea...

Remember going to your local mall in the ‘90s or ‘00s? Depending on the season, time of day, and day of the week, the place might not have been packed. But it did more than likely feature shoppers around every corner and in almost every store. Oh, those good old retail days...

When browsing through the holdings of Vanguard Real Estate ETF ( VNQ ), it is easy to be attracted by some of the big specialized REIT names operating in the datacenter space. However, commercial REITS also have a high weight at 41.7%. Moreover, taking the wider view, the ETF is comprised of...

Washington Prime Group Inc. (NYSE: WPG) today announced that Lou Conforti, CEO and Director, and Mark Yale, CFO, will participate in a roundtable presentation at the BofA Securities Global Real Estate Virtual Conference on Tuesday, September 15, 2020 at 10:30 a.m. ET. A live audio webcast...

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...