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WPG News and Press, Washington Prime Group Inc. From 05/26/21

Stock Information

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

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WPG - Washington Prime gets weekly forbearance extension, still in talks with lenders

Washington Prime Group (WPG) gets its weekly forbearance extension from certain noteholders and lenders, bringing its next expiration to June 2, 11:59 PM ET."The company is continuing to engage in negotiations and discussions with the forbearing noteholders and forbearing lenders to restructu...

WPG - PDLB leads financial gainers, QK and FINV the only losers

Gainers: PDL Community Bancorp (PDLB) +27%. eXp World Holdings (EXPI) +13%. Marathon Digital Holdings (MARA) +12%. Puhui Wealth Investment Management (PHCF) +11%. Washington Prime Group (WPG) +9%.Losers: FinVolution Group (FINV) -6%. Q&K International Group (QK) -5%. For further details...

WPG - REITs Aren't Cheap Anymore

REITs recorded a sequential improvement across all critical metrics in Q1, powering a historic wave of dividend growth in early 2021. However, several harder-hit property sectors are far from fully-recovered. The Great Financial Crisis resulted in long-term, lasting pain for the real ...

WPG - Crypto Crackdown Drives Bid For Real Assets

U.S. equity markets retreated on another turbulent week as investors backed away from speculative assets amid signs that supply shortages and surging prices have started to impair aggregate demand. Bitcoin plunged after U.S. and Chinese authorities each pushed ahead with increased reg...

WPG - Mall REITs: Only The Strong Shall Survive

Despite reporting record-low occupancy rates and rental rate spreads, mall REITs have been the best-performing property sector this year, riding the vaccine-driven reopening rotation to gains of more than 40%. "A traumatic time for our company." Reflecting on an epic plunge ...

WPG - Washington Prime Group extends forbearance agreements for a sixth time

Washington Prime Group (WPG) gets another week-long extension to its forbearance agreement with certain noteholders and lenders.The noteholders and lenders agreed to extend the forbearance pacts to May 26, 2021 at 11:59 PM.WPG said it's continuing negotiations with both groups to restructure ...

WPG - PopStroke to Open its First Orlando Location at Waterford Lakes Town Center

- Includes two 18-hole putting courses designed by Tiger Woods and TGR Design - Guests can chose from a full service restaurant and bar or delivery right on the course - Provides unparalleled outdoor gathering place to entertain colleagues, friends and family Washington Prim...

WPG - REIT Earnings Recap: Inflation Overshadows Strong Quarter

Overshadowed by concerns about rising inflation, a frenzy of real estate earnings reports over the last month has provided critical information on the state of the real estate industry. Results were better than expected across most major property sectors with roughly 80% of the 170 eq...

WPG - Washington Prime: Game Over After Weak Q1

Washington Prime reported another quarter of plunging NOI, weak FFO, falling occupancy rates, and negative leasing spreads. The struggling REIT also designated another seven of its malls as non-core properties, including five that were considered "Tier 1" assets a quarter earlier. ...

WPG - Washington Prime Group FFO misses by $0.25, beats on revenue

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

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