WPG News and Press, Washington Prime Group Inc. From 03/18/21

From Bad to Worse. Before the pandemic, we warned that several mall REITs were "one recession from extinction." Two REITs have since entered bankruptcy and a third is close behind. Pushed over the edge by the pandemic, mall REITs entered 2020 on already unstable footing following a ts...

Equity REITs continued their strong start to 2021 with a +7.74% average total return in February. Small-cap REITs (+10.77%) were the top performers in February, while large caps (+4.10%) saw smaller gains. 80.77% of REIT securities had a positive total return in February. Hote...

Washington Prime Group (WPG) says the uncertainty on its ability to meet its obligations on its debt raises "substantial doubt" about its ability to continue as a going concern.It also said it's in talks to restructure its existing debt, existing equity interests, and certain other oblig...

Washington Prime Group (WPG): Q4 FFO of $1.69 beats by $0.59.Revenue of $149.37M (-12.1% Y/Y) beats by $19.87M.The Company ended 2020 with $111M of cash and cash equivalents including its share of unconsolidated properties.Guidance: Due to the aforementioned actions, the Company is not provid...

Washington Prime Group Inc. (NYSE: WPG) today reported financial and operating results for the fourth quarter and fiscal year ended December 31, 2020. The Company’s financial statements have been prepared assuming that the Company will continue as a going concern. The Company...

The Great Financial Crisis resulted in long-term, lasting pain for the real estate sector, but "this time was different" for most REITs due to harsh lessons learned from past crises. Despite early struggles with rent collection, REITs' strong balance sheets and access-to-capital preve...

U.S. equity markets rallied to fresh record-highs after muted inflation data temporarily curbed concerns about an "overheating" economy ahead of the deployment of another massive round of stimulus. The "reopening trade" gave way to the "American exceptionalism" trade this week as...

Too far, too fast? Shopping Center REITs have continued their post-vaccine resurgence into early 2021, surging another 30% this year and pushing stock prices back near pre-pandemic levels. Shopping center REITs fared far better than their enclosed mall peers but still reported an aver...

Gainers: CIIG Merger (CIIC) +13%. Bryn Mawr Bank (BMTC) +12%. DraftKings (DKNG) +12%. Metromile (MILE) +10%. Huize Holding (HUIZ) +9%.Losers: Gaucho Group Holdings (VINO) -11%. Root (ROOT) -7%. FedNat Holding (FNHC) -6%. Washington Prime Group (WPG) -6%. For further details see: CIIC le...

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