WPG News and Press, Washington Prime Group Inc. From 04/06/21

There are already signs of inflation bubbling up based on rising commodity prices, bond yields, and the housing boom. However, Fed Chairman Jerome Powell is wagering it won’t get out of control. REITs overall are positioned to benefit from an inflationary environment while ...

Washington Prime Group (WPG) stock climbs 8.1% in premarket trading after Truist's Ki Bin Kim upgrades the stock to Hold from Sell as the analyst lacks downside conviction "at these price levels."YTD, WPG shares have fallen 62% as the company struggles to restructure its debt after skipp...

U.S. equity markets rallied to fresh record-highs this past week on data showing faster-than-expected job growth and continued strength behind the housing market while jitters over rising interest rates calmed. Closing the holiday-shortened week at record highs, the S&P 500 gained...

My paper losses on mall REITs remain significant. Investing contrary to a false media narrative was a good idea. Digging out more of the bear case would have improved my decisions. Paying more attention to covenant traps would have also helped. For further details see: ...

Washington Prime Group's ([[WPG]] +0.5%) forbearance agreement with noteholders and lenders, which was set to expire on March 31, 2021, is being extended to April 14.With shopping mall tenants hurt by pandemic lockdowns, WPG skipped a $23.2M interest payment in February and entered talks to r...

Is Bad News is Good News Again? U.S. equity markets rebounded this past week as lukewarm economic data and renewed COVID concerns halted the surge in interest rates and calmed market jitters. Closing within 1% of record highs, the S&P 500 jumped 1.7% this past week led b...

RQI is one of the top REIT funds on the market, though discount levels are putting the fund at 'Hold' levels. Interest rates can put pressure on REITs; however, real estate is also a natural hedge against inflation in some cases. Investors can look forward to collecting their dist...

Washington Prime Group (WPG) falls 10% in late trading after Bloomberg News reports the shopping mall owner's investment bank has approached investors to gauge early interest in providing a potential $150M in bankruptcy financing.Last week, WPG confirmed that it was in talks to restructu...

U.S. equity markets finished modestly lower on a choppy week as assurances from the Fed of a "lower-for-longer" policy regime didn't slow the continued march higher in long-term interest rates. Retreating from record closing highs last week, the S&P 500 declined by 1.2% this past ...

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...