WPG News and Press, Washington Prime Group Inc. From 08/05/21

No other higher acceptable bids were received by the August 4 deadline. The Official Equity Committee is expected to file objections to the bidding procedure. Washington Prime's reorganization plan confirmation hearing has been reset for August 30 from August 12. CBL & Ass...

U.S. equity markets were mixed this week as disappointing "big tech" earnings and concerns over controversial COVID vaccine and mask mandates were offset by historically strong earnings results from domestic-focused companies. Retreating from the record-highs set last week, ...

We're now at the halfway point of another newsworthy real estate earnings season. Results have so far been as impressive as any REIT earnings season in recent memory. Roughly 95% of REITs have topped consensus earnings estimates, and of the 44 REITs that provide full-year funds from o...

Marcus Lindstrom/iStock via Getty Images Washington Prime Group ((WPG)) agrees to delay certain key bankruptcy deadlines to Aug. 30 from Aug. 12, after its equity committee challenged the speed of the proceedings,  Bloomberg reports, citing WPG's lawyer in a hearing on Thursday. The equi...

Shares of Washington Prime Group Inc. (NYSE:WPG) traded today at $1.66, breaking its 52-week low. This new low was reached on below average trading volume as 427,000 shares traded hands, while the average 30-day volume is approximately 3.6 million shares. Based on a current price of $1.7...

U.S. equity markets rebounded from an early-week dive as investors shrugged-off COVID concerns following a historically strong start to corporate earnings season and better-than-expected housing market data. "American Exceptionalism" was the theme as COVID concerns across internationa...

U.S. equity markets retreated from record highs this past week, pressured by renewed COVID concerns and hotter-than-expected inflation data showing the fastest rise in consumer and producer prices in decades. The S&P 500 declined by 1.0% on the week while Mid-Caps and Small-Caps s...

U.S. equity markets were mixed on a volatile holiday-shortened trading week as renewed concerns over the spread of COVID variants and downbeat economic data pulled global sovereign yields to five-month lows. Climbing for the third-straight week and closing at record highs, t...

While concerns over the COVID-19 Delta variant and its potential to slow the recovery put pressure on the major U.S. stock averages, and retail stocks in particular, investors don't seem as worried over mall and hotel REITs.The big mall operators are mostly in the green: Simon Property G...

U.S. equity markets were mixed this past week as better-than-expected housing market data and "Goldilocks" employment data were offset by ongoing COVID concerns abroad over the "Delta" variant. Setting fresh record highs on seven straight days - the longest streak since 1997 - the S&a...