WPG News and Press, Washington Prime Group Inc. From 05/10/21

Washington Prime Group (WPG): Q1 FFO of $0.90 misses by $0.25.GAAP EPS of -$2.52Revenue of $131.93M (-13.5% Y/Y) beats by $15.14M.Press Release For further details see: Washington Prime Group FFO misses by $0.25, beats on revenue

Washington Prime Group Inc. (NYSE: WPG) today reported financial and operating results for the first quarter ended March 31, 2021. The Company’s financial statements have been prepared assuming that the Company will continue as a going concern. The Company’s management has...

Inflation is taking over the headlines this week. $4.3 trillion in higher taxes is historic and understandably has many investors worried. Infrastructure spending is good for the economy though, and thus for REITs. For further details see: We're Still Loading Up On REITs...

SKT rent collection came in at 95%. The stock is trading above pre-pandemic levels. With the payout ratio at 42%, shareholders may think that the company is printing cash, but in reality, much of retained cash must be used to pay down debt. I explain why the stock is a strong ...

Washington Prime Group (WPG) stock gains 2.2% in premarket trading after the mall REIT gets another forbearance extension, this time until May 12, as it continues to negotiate with noteholders and lenders to rework its capital structure.Its previous forbearance agreement was set to expir...

Netflix has been one of the best-performing investments of the past decade, and its growth only accelerated in 2020. Many investors were quick to extrapolate this recent growth far into the future, but we think it is a mistake. As we put the crisis behind us, Netflix will face gre...

Green Street is one of the leading advocates of using net asset value to evaluate REITs. There’s a significant new discovery to find in Simon Property Group. It’s worth every penny of its current $150 per share – and possibly closer to $200. For further ...

Most investors that put money into Real Estate are doing so thanks to the sector's classic attributes: tangible assets, relative safety, high yield, and protection against inflation. At the moment, the market is allowing investors to benefit from a unique risk/reward situation: Taking...

Gainers: Ashford Hospitality Trust (AHT) +26%. Deutsche Bank (DB) +11%. Washington Prime Group (WPG) +10%. Genworth Financial (GNW) +10%. Banco Santander (BSBR) +10%.Losers: Medley Management (MDLY) -10%. Metromile (MILE) -9%. Huize Holding (HUIZ) -8%. CoStar Group (CSGP) -8%. X Financial (XY...

Washington Prime Group (WPG) shares rise 2.3% in after-hours trading after the mall REIT's lenders and forbearing noteholders agree to extend its forbearance period again, this time by about a week to May 5.The company continues negotiations with those noteholders and lenders to restruct...