WPG News and Press, Washington Prime Group Inc. From 01/24/21

Lenders will act rationally and in their self-interest, and therefore will not force a liquidation so shortly after PREIT's emergence from Chapter 11 restructuring in this distressed market. In the worst case scenario, the downside risk for common and preferred shares are similar, wit...

In a year that halted so much of everyday life, Washington Prime Group Inc. (NYSE: WPG) town centers across the country met 2020 with resilience, persistence and compassion for guests, communities and partners. The Company reimagined countless events and activations to continue to foste...

The average REIT had a negative monthly return in 7 of the 12 months of 2020, with a 3.48% total return in December. Mid cap (+4.5%) and micro cap REITs (+3.45%) outperformed in December, while small caps (+2.43%) saw smaller gains. 75% of REIT securities had a positive total retu...

Washington Prime Group Inc. (NYSE: WPG) today announced that Conn’s HomePlus, specialty retailer of furniture, mattresses, home appliances and consumer electronics, will join the dynamic tenant lineup at Longview Mall, in Longview, Texas. As the only hybrid shopping center in the...

U.S. equity markets finished broadly higher on the first week of 2021 despite partisan tensions flaring following the Georgia runoff elections in which Democrats gained a "trifecta" of political control. After finishing 2020 with total returns of 18.4%, the S&P 500 jumped 2.0%. Th...

Earlier this year, we published a report titled "Cheap REITs Stay Cheap" that analyzed the "factors" that exhibited persistent outperformance in the REIT sector over the past several decades. Key takeaways from this report included the observation that higher-yielding, higher-leverage...

NYSE notified Washington Prime Group (WPG) on Jan.4, 2021 that it has regained compliance with the NYSE continued listing standards.It had received non-compliance listing standards on Apr. 28, 2020.It regained compliance after the earlier announced completion of its 1-for-9 reverse stock...

Washington Prime Group Inc. (NYSE: WPG) today announced that it received written notification on January 4, 2021 from the New York Stock Exchange (the "NYSE") that the Company has regained compliance with the NYSE continued listing standards. As previously disclosed, on April 28, 20...

The coronavirus pandemic is turning struggling malls into new kinds of real estate. Latest? The company behind popular videogame Fortnite, Epic Games, is shelling out $95M for the Cary Towne Center mall in North Carolina, converting it into its new global headquarters. Epic plans to open the ...

U.S. equity markets finished an unforgettable 2020 at record highs despite the unprecedented ongoing global pandemic, rallying back from a historic market sell-off that pushed financial markets to the absolute brink. Finishing the year with returns of 17.6%, the S&P 500 finis...