Washington Prime Group Inc. is a retail REIT and a recognized leader in the ownership, management, acquisition and development of retail properties. The Company combines a national real estate portfolio with its expertise across the entire shopping center sector to increase cash flow through rigorous management of assets and provide new opportunities to retailers looking for growth throughout the U.S. Washington Prime Group® is a registered trademark of the Company. On June 13, 2021, Washington Prime Group Inc., along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Texas.
IPO Year: 2014
Exchange: NYSE
Website: washingtonprime.com
Truist Securities upgraded Washington Prime Group from Sell to Hold
Truist Securities upgraded Washington Prime Group from Sell to Hold
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VSE Corporation (NASDAQ:VSEC), a leading provider of distribution and maintenance, repair and overhaul (MRO) services for land, sea and air transportation assets in the public and private sectors, today announced the appointment of Farinaz S. Tehrani as Senior Vice President, Chief Legal Officer and Corporate Secretary, effective August 16, 2021. Ms. Tehrani will report directly to President and Chief Executive Officer John Cuomo, and will lead the company's legal, compliance and regulatory functions. Ms. Tehrani brings to VSE more than two decades of expertise in senior legal and compliance roles at global public and private companies across multiple industries. Throughout her career, Ms.
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8-K - WASHINGTON PRIME GROUP INC. (0001594686) (Filer)
8-K - WASHINGTON PRIME GROUP INC. (0001594686) (Filer)
Washington Prime Group Inc. (NYSE:WPG) today reported financial and operating results for the second quarter ended June 30, 2021. During the quarter, the Company commenced a voluntary Chapter 11 financial restructuring with a restructuring support agreement (the "RSA") supported by over 70% of its holders of secured and unsecured corporate debt. Due to the pending Chapter 11 cases, the Company is not providing 2021 guidance and will not host an earnings conference call this quarter. Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Net loss per diluted share $(4.26) $(3.88) $(6.77) $(3.73)
COLUMBUS, Ohio--(BUSINESS WIRE)--Washington Prime Group Inc. (NYSE: WPG) today announced that FieldhouseUSA recently opened its state-of-the-art 90,000 SF complex at Polaris Fashion Place®. A community based, multi-purpose indoor facility that offers a variety of sporting activities, and skill levels, where everyone has a place to play. FieldhouseUSA provides an experience of a lifetime for all who enter. FieldhouseUSA Columbus features: Year-round play in team sports such as basketball and volleyball; Eight hardwood volleyball courts, which can be converted to five basketball courts, powered by Mintonette Sports and offering year-round leagues, training programs, camps and m
Washington Prime Group Inc. (NYSE:WPG) today announced that FieldhouseUSA recently opened its state-of-the-art 90,000 SF complex at Polaris Fashion Place®. A community based, multi-purpose indoor facility that offers a variety of sporting activities, and skill levels, where everyone has a place to play. FieldhouseUSA provides an experience of a lifetime for all who enter. FieldhouseUSA Columbus features: Year-round play in team sports such as basketball and volleyball; Eight hardwood volleyball courts, which can be converted to five basketball courts, powered by Mintonette Sports and offering year-round leagues, training programs, camps and more; Year-round cheer and tumble programs;
Washington Prime Group Inc. (NYSE:WPG) today announced that Burkes Outlet and Home Centric will open at Morgantown Mall in Morgantown, West Virginia, in the fourth quarter of 2021. Burkes Outlet and Home Centric, sister brands owned by Beall's, Inc., will share more than 30,000 SF of space at Morgantown Mall within a former department store location. This new Burkes Outlet and Home Centric combo store will be accessible from both exterior parking and the town center's enclosed common area. Burkes Outlet offers the latest styles in apparel, shoes, handbags, accessories, and beauty products, all at 70% off other stores' prices. Home Centric provides everything needed to make a house a home,
- 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 Prime Group Inc. (NYSE:WPG) today announced PopStroke, a family-oriented, hi-tech putting and entertainment experience, will open in late 2021 at Waterford Lakes Town Center, in Orlando, Florida. PopStroke is owned by Tiger Woods and Greg Bartoli, with courses designed by Tiger Woods and TGR Design. Construction is expected to begin later this month for two 18-hole courses. PopStroke will also feature a restaurant and bar
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 stated that there exists substantial doubt about the Company's ability to continue as a going concern as defined by generally accepted accounting principles. Three Months Ended March 31, 2021 2020 Net (loss) income per diluted share $ (2.52 ) $ 0.16 FFO per diluted share $ (0.15 ) $ 1.99 FFO per diluted share, as adj
COLUMBUS, Ohio--(BUSINESS WIRE)--Washington Prime Group Inc. (NYSE: WPG) today reported financial and operating results for the fourth quarter and fiscal year ended December 31, 2020. The Company’s financial statements have been prepared assuming that the Company will continue as a going concern. The Company’s management has stated that there exists substantial doubt about the Company’s ability to continue as a going concern as defined by generally accepted accounting principles. Three Months Ended December 31, Twelve Months Ended December 31, 2020 2019 2020 2019 Net (loss) income per diluted share $(5.24)
COLUMBUS, Ohio--(BUSINESS WIRE)--Striving to provide guests with unique, multi-sensory experiences, Washington Prime Group (NYSE: WPG) continues to find new ways to expand and enhance its brands. One example, Shelby’s Sugar Shop®, a sweet creation by the Company, has been creating cheer through its array of classic, craft and novelty candies since its initial launch in 2017. The sweet shop provides a colorful, curious environment full of discovery and an added dose of nostalgia delighting both children and adults alike. Now, Shelby’s is bringing joy to more people than ever before through new common area locations, providing an experiential opportunity for guests of all ages. The
COLUMBUS, Ohio--(BUSINESS WIRE)--Washington Prime Group Inc. (NYSE: WPG) today provided an update on adaptive reuse initiatives at Mesa Mall in Grand Junction, Colorado. Dick’s Sporting Goods, with its first location in Grand Junction, will replace the space formerly occupied by Herberger’s, and construction recently kicked off with the interior demolition of the space. Leasing and redevelopment efforts collectively reinforce Mesa Mall’s location along the Business Loop as the premier retail corridor in the Grand Valley. With the planned addition of several unique and market-exclusive retailers, Mesa Mall is well positioned for long term success. Dick’s Sporting Goods joins a dyna
COLUMBUS, Ohio--(BUSINESS WIRE)--Washington Prime Group Inc. (NYSE: WPG) today announced the 2020 tax reporting information (Federal Form 1099) for distributions as shown below. The distributions relate to its common shares, Series H Cumulative Redeemable Preferred Shares of Beneficial Interest and Series I Cumulative Redeemable Preferred Shares of Beneficial Interest. Amounts reported to Dividend Reinvestment and Stock Purchase Plan participants will differ due to administrative costs. Participants should refer to their Form 1099 which will be mailed no later than January 31, 2021. The taxability of the 2020 common stock distributions and the 2020 preferred stock distributions are
Real estate industry veteran joins Comstock's Executive Leadership Team Comstock Holding Companies, Inc. (NASDAQ:CHCI) ("Comstock" or the "Company"), a leading asset manager, developer, and operator of mixed-use and transit-oriented properties, announced the appointment of Robert P. Demchak to the Executive Leadership team as General Counsel and Corporate Secretary, effective June 24, 2024. Mr. Demchak brings over 25 years of experience as a real estate and capital markets attorney and as a REIT executive. His experience encompasses corporate governance, capital markets, regulatory compliance, and management of commercial real estate related transactions. Throughout his commercial real
Washington Prime Group Inc. (NYSE:WPG) today announced its intention to voluntarily delist from the New York Stock Exchange (the "NYSE") its shares of common stock (the "Common Stock"), 7.5% Series H Cumulative Redeemable Preferred Stock (the "Series H Preferred Stock"), and 6.875% Series I Cumulative Redeemable Preferred Stock (the "Series I Preferred Stock," and together with the Series H Preferred Stock, the "Preferred Stock"). The Common Stock is currently listed on the NYSE under the symbol "WPG" with a CUSIP number of 93964W 405; the Series H Preferred Stock is currently listed on the NYSE under the symbol "WPG-H" with a CUSIP number of 93964W 207; and the Series I Preferred Stock is
Washington Prime Group Inc. (NYSE:WPG) today announced that Landmark Theatres will become the premier movie theatre operator at Scottsdale Quarter® ("The Quarter"), an open-air lifestyle center and mixed-use property located in Scottsdale, Arizona. The addition of Landmark Theatres further positions The Quarter as the premier gathering place in the Valley for the benefit of guests, tenants, and community neighbors and partners. Lou Conforti, CEO and Director of Washington Prime Group stated: "I love movies and, as importantly, going to the theater. While the quality of home entertainment has certainly increased over the years, nothing compares to watching a movie on the big screen with Twi
Washington Prime Group Inc. (NYSE:WPG) today reported financial and operating results for the second quarter ended June 30, 2021. During the quarter, the Company commenced a voluntary Chapter 11 financial restructuring with a restructuring support agreement (the "RSA") supported by over 70% of its holders of secured and unsecured corporate debt. Due to the pending Chapter 11 cases, the Company is not providing 2021 guidance and will not host an earnings conference call this quarter. Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Net loss per diluted share $(4.26) $(3.88) $(6.77) $(3.73)
VSE Corporation (NASDAQ:VSEC), a leading provider of distribution and maintenance, repair and overhaul (MRO) services for land, sea and air transportation assets in the public and private sectors, today announced the appointment of Farinaz S. Tehrani as Senior Vice President, Chief Legal Officer and Corporate Secretary, effective August 16, 2021. Ms. Tehrani will report directly to President and Chief Executive Officer John Cuomo, and will lead the company's legal, compliance and regulatory functions. Ms. Tehrani brings to VSE more than two decades of expertise in senior legal and compliance roles at global public and private companies across multiple industries. Throughout her career, Ms.
Washington Prime Group Inc. (NYSE:WPG) announced an agreement to bring the newest commercial office development by Synergy & Mills Development to The Mall at Fairfield Commons in Beavercreek, Ohio, which is home to retail stores, restaurants, entertainment venues and hotels.. The project, which Synergy has named The Meridian, will see Synergy redevelop for office use a two-story, 150,000 SF former department store building. Lou Conforti, CEO and Director of Washington Prime Group stated: "As you all know, Washington Prime Group's focus is to continue transforming our assets into the dominant town centers within their trade area. I have to admit, we have become pretty darn good at providing
Access to $100 million in DIP Financing to Support Operations Operations Will Continue Uninterrupted and in the Ordinary Course During Restructuring Vendors and Service Providers Expected to Be Unimpaired and All Claims Paid in Full Washington Prime Group Inc. (NYSE:WPG) today announced that it and certain of its subsidiaries have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court"). The Company enters Chapter 11 after executing a restructuring support agreement (the "RSA") with creditors, led by SVPGlobal, that hold approximately 73% of the principa
COLUMBUS, Ohio--(BUSINESS WIRE)--Washington Prime Group Inc. (NYSE: WPG) today announced that FieldhouseUSA recently opened its state-of-the-art 90,000 SF complex at Polaris Fashion Place®. A community based, multi-purpose indoor facility that offers a variety of sporting activities, and skill levels, where everyone has a place to play. FieldhouseUSA provides an experience of a lifetime for all who enter. FieldhouseUSA Columbus features: Year-round play in team sports such as basketball and volleyball; Eight hardwood volleyball courts, which can be converted to five basketball courts, powered by Mintonette Sports and offering year-round leagues, training programs, camps and m
Washington Prime Group Inc. (NYSE:WPG) today announced that FieldhouseUSA recently opened its state-of-the-art 90,000 SF complex at Polaris Fashion Place®. A community based, multi-purpose indoor facility that offers a variety of sporting activities, and skill levels, where everyone has a place to play. FieldhouseUSA provides an experience of a lifetime for all who enter. FieldhouseUSA Columbus features: Year-round play in team sports such as basketball and volleyball; Eight hardwood volleyball courts, which can be converted to five basketball courts, powered by Mintonette Sports and offering year-round leagues, training programs, camps and more; Year-round cheer and tumble programs;
Washington Prime Group Inc. (NYSE:WPG) today announced that Burkes Outlet and Home Centric will open at Morgantown Mall in Morgantown, West Virginia, in the fourth quarter of 2021. Burkes Outlet and Home Centric, sister brands owned by Beall's, Inc., will share more than 30,000 SF of space at Morgantown Mall within a former department store location. This new Burkes Outlet and Home Centric combo store will be accessible from both exterior parking and the town center's enclosed common area. Burkes Outlet offers the latest styles in apparel, shoes, handbags, accessories, and beauty products, all at 70% off other stores' prices. Home Centric provides everything needed to make a house a home,
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