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WPG News and Press, Washington Prime Group Inc. From 12/21/20

Stock Information

Company Name: Washington Prime Group Inc.
Stock Symbol: WPG
Market: NYSE
Website: washingtonprime.com

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WPG - The Untold Truth About REITs

REIT investing can be very rewarding, but if done poorly, it also can lead to disastrous results. Despite being bullish on REITs, we only invest in one out of 10 on average. Most REITs have issues with their management, balance sheet, properties, and/or valuation. To succeed, you ...

WPG - Washington Prime effects 1-for-9 reverse stock split

Washington Prime Group (WPG) completes its previously announced one-for-nine reverse stock split, a move meant to increase the company's stock price to meet the $1.00 minimum bid price requirement for continued listing on the NYSE.Every nine issued and outstanding shares of common stock have ...

WPG - Washington Prime Group Announces Completion of 1-for-9 Reverse Stock Split

Washington Prime Group Inc. (NYSE: WPG) today announced the completion of its previously announced 1-for-9 reverse stock split of its common stock. Every nine issued and outstanding shares of common stock have been converted into one share of common stock, effective December 22, 2020 pr...

WPG - Washington Prime Group Inc. (WPG) Special Meeting of Shareholders (Transcript)

Washington Prime Group Inc. (WPG) Special Meeting of Shareholders December 17, 2020 10:00 AM ET Company Participants Robert Demchak - Executive Vice President, General Counsel and Corporate Secretary Bob Laken - Chairman of the Board of Directors Presentation Operator Good morning. Welcome to...

WPG - Most REIT Investors Buy Trash

Investors in REITs need to consider their alternatives. To make it easier, we’re adding an index of charts for several metrics. Many investors believe that demanding a high-return, often through dividend yield is enough to get it. They can demand until they are blue in the face...

WPG - Washington Prime in talks to convert $259.3M of bonds to $175M preferred equity

In connection with talks with some of its debt holders regarding potential strategic or capital markets to improve its capital structure, Washington Prime Group (WPG) discloses a term sheet that contemplates a private exchange offer being made to some eligible holders of Washington Prime...

WPG - Home price growth will rise at slower pace in 2020, 2021, NAR panel says

More than 20 economic and housing experts surveyed by the National Association of Realtors see annual median home price growth slowing to 8.0% in 2021 and 5.5% in 2022, down from the 15.5% increase posted in 2020.While slowing, the price increases still outpace the expected inflation rate of ...

WPG - Washington Prime Group's Tangible(TM) Collective Provides a Spotlight for Seven New Brands, Honoring Small Businesses and Local Artisans

When the coronavirus pandemic began in March, businesses of all sizes felt the effects, including empty stadiums and arenas, once packed with fans during sporting events. Witnessing the impact this had on employees, Adrian Curiel & Kyle Negrete started their company, WICK SPOR...

WPG - Join Experience Retail(TM): a Webcast Hosted by Washington Prime Group on December 9

Participants will be invited to enter the Experience Retail™ Sweepstakes sponsored by the Company for a chance to win one of three $2,500 shopping sprees at a Washington Prime Group town center Washington Prime Group Inc. (NYSE: WPG) today announced that CEO and Direc...

WPG - Odeon Capital says retail REITs' rebound is 'just beginning'

Climbing collection rates bode well for retail-focused REITs, as the owners of open-air shopping centers, enclosed malls, and other retail assets claw their way back from May's trough, writes Odeon Capital analyst Alex Arnold.And investors have noticed. Retail REIT shares, on the whole, have ...

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