|Bid||4.6000 x 900|
|Ask||4.6100 x 900|
|Day's Range||4.5700 - 4.7200|
|52 Week Range||4.5400 - 8.4370|
|Beta (3Y Monthly)||1.31|
|PE Ratio (TTM)||10.85|
|Earnings Date||Apr 24, 2019|
|Forward Dividend & Yield||1.00 (17.30%)|
|1y Target Est||4.55|
Washington Prime Group Inc. (WPG) today announced that Shake Shack will join the dynamic tenant lineup at its Arbor Hills town center, located in Ann Arbor, Michigan. The addition of Shake Shack will not only further attract guests to the shops at Arbor Hills, but also drive revenue at the property. Arbor Hills is well-positioned to gain market share and lead the way for a redefined retail experience in the Ann Arbor MSA.
Washington Prime Group Inc. (WPG) today announced that Waterford Lakes Town Center LLC, an affiliate of the Company, executed an $180.0 million non-recourse mortgage note payable with a ten-year term and a fixed rate of 4.86% secured by Waterford Lakes Town Center, a Tier One asset located in Orlando, Florida. The mortgage note payable requires monthly principal and interest payments and will mature on May 6, 2029. The proceeds from this transaction, as well as anticipated proceeds from the planned refinancing of 2019 mortgage debt maturities, will substantially satisfy the $250M senior unsecured note which matures 2020.
Investors are treating PREIT like it's about to be devastated by the retail apocalypse, but its efforts to drive more traffic to its malls are already bearing fruit.
Issued Just Weeks Ahead of 1Q Earnings Reports for U.S. Shopping Mall REITs, In-Depth Report Shows Volatile Activity Since 'Retail Apocalypse' New Performance Update Uses Unique 'Thasos Trade Area' Tool ...
Washington Prime Group Inc NYSE:WPGView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is high * Economic output in this company's sector is expanding Bearish sentimentShort interest | NegativeShort interest is high for WPG with between 15 and 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting WPG. However, the last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding WPG are favorable with net inflows of $72.56 billion. This was the highest net inflow seen over the last one-year.Error parsing the SmartText Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
"We've seen a tremendous amount of disruption," said Lisa Indest, executive vice president and chief accounting officer for the malls and shopping center holding company. This past year, the company has repeatedly sought to reassure investors amid major retailer bankruptcies – including Sears, Bon-Ton, Toys 'R Us and others – in each case releasing a public rundown of how these big-box retailer shutdowns impact its business. Vacancies at U.S. shopping centers hit 9.3 percent last month, the highest level in eight years, reports the Financial Times, citing an affiliate of Moody's Analytics.
Washington Prime Group Inc. (WPG) today announced that the Company will hold a conference call on Thursday, April 25, 2019 at 11:00 a.m. Eastern Time to discuss the Company’s first quarter 2019 financial and operating results. The dial-in number for the conference call is 844.646.4463 (or +1.615.247.0256 for international callers), and the participant passcode is 7295326. The live audio webcast of the call will be available on the investor relations section of the Company’s website at www.washingtonprime.com. A replay of the call will be available on the Company’s website, or by calling 855.859.2056 (or +1.404.537.3406 for international callers), passcode is 7295326, beginning on Thursday, April 25, 2019, at approximately 1:00 p.m. Eastern Time through midnight on Thursday, May 9, 2019.
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! While not a mind-blowing move, it is good to see that the Washington Prime Group Inc. (NYSE:WPG) share price has gained 12...
"The word 'mall' in this day and age is obsolete, and we know that. It's why we have to be extremely diverse in our tenant mix, create awesome events, [and attract] local eateries."
In addition, the Company provided a leasing update ahead of the Citi 2019 Global Property CEO Conference. Relating to the former Toys R Us locations within Washington Prime Group’s Tier One and Open Air core portfolio, the Company is pleased to announce that five, or 63%, of the eight owned anchor and outparcel spaces have been addressed by the stalwart efforts of development and leasing.
Retail real estate investment trust Washington Prime Group Inc. said it did not expect that any of the stores J.C. Penney Co. Inc. will close are within its portfolio. Earlier, J.C. Penney said it was closing 18 full-line stores and 9 ancillary home and furniture stores this year. According to Washington Prime's 10-K filing with the SEC last week, J.C. Penney stores act as an anchor in 31 of its properties. Washington Prime's stock rose 2.6% in midday trade. It has shed 8.8% over the past three months, while the SPDR Real Estate Select Sector ETF has gained 4.5% and the S&P 500 has tacked on 1.7%.
As previously stated by Washington Prime Group Inc. (WPG) during the Company’s fourth quarter 2018 earnings conference call, the Company does not anticipate having any JCPenney store closures within its portfolio. Washington Prime Group Inc. is a retail REIT and a recognized leader in the ownership, management, acquisition and development of retail properties.
NEW YORK, Feb. 27, 2019 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
COLUMBUS, Ohio, Feb. 26, 2019 -- Washington Prime Group Inc. (NYSE: WPG) today announced that Lou Conforti, CEO and Director, and Mark Yale, CFO, will participate in a.
Windstream Holdings Inc., the rural broadband provider, filed for bankruptcy protection Monday after losing a legal battle with hedge fund Aurelius Capital Management.
It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be remiss not to mention that insider sales haveRead More...
Inc. on Friday over concerns about the retail industry, becoming the third credit agency this year to cut the owner of 108 shopping centers to junk status. The ratings agency lowered Washington’s rating to BB from BBB-, the cutoff for investment grade. “The negative outlook reflects our view that Washington Prime’s operating environment will continue to be pressured over the next year as tenant bankruptcies and store closures could further deteriorate its business prospects,” S&P analyst Kristina Koltunicki wrote.
Washington Prime Group Inc. is making plans to redevelop the Sears at the Polaris Fashion Place mall.
COLUMBUS, Ohio (AP) _ Washington Prime Group Inc. (WPG) on Wednesday reported a key measure of profitability in its fourth quarter. The real estate investment trust, based in Columbus, Ohio, said it had funds from operations of $84 million, or 38 cents per share, in the period. Funds from operations is a closely watched measure in the REIT industry.