Washington Prime Group, Inc.

Symbol: WPG
CIK: 1594686
Exchange: NYSE
Founded: 2014 (5 years)
HQ: Columbus, OH, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Retail

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See WPG on SEC.gov

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Overall Score: 5.6

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REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day December 6, 2019


Open Price: $3.63
Closing Price: $3.76
Price Change: 0.17 (4.735%)
Lowest Price: $3.63
Highest Price: $3.785

52-Week Low: $3.11
52-Week High: $6.26
52-Week Change: -38.86%

5 Day Price Change: -13.70%
1 Month Price Change: -20.22%
3 Month Price Change: 4.06%
6 Month Price Change: -10.03%
YTD Price Change: -28.77%
1 Year Price Change: -41.63%
2 Year Price Change: -47.97%
5 Year Price Change: -78.82%

Dividend of Trading Day December 6, 2019


Dividend Yield: 6.649%*
Annualized Dividend: $0.25*
Dividend Yield (TTM): 26.596%
Annualized Dividend (TTM): $1
Ex Dividend Date: 2019-11-29
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes.

Latest News Headlines


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Funds From Operations (FFO)


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Key Stats of Trading Day December 6, 2019


Total Cash: $42,542,000
Current Debt: $64,281,000
Revenue: $716,672,000
Gross Profit: $231,960,000
Total Revenue: $716,672,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $433,093,000
Revenue Per Share: $4
Revenue Per Employee: $859,319
Employee: 834
Debt to Equity Ratio (D/E): 2.94
Profit Margin: 0.13%
Enterprise Value (EV): $3,596,551,000
Enterprise Value to Revenue (EV/R): 5.02
Price to Sales (P/S): 0.98
Price to Book (P/B): 0.70
Peg Ratio: N/A
P/E Ratio: 24.56
P/E High: 41.73
P/E Low: 20.73
Forward P/E Ratio: -23.50
Market Capitalization: $701,616,000
Beta: 1.25
Latest Volume: 4,213,567.00
Avg. Total Volume: 3,325,734
Avg. 10 Volume: 3,972,759.40
Avg. 30 Volume: 3,325,733.97
TTM EPS: 0.15
TTM Dividend Rate: 1.00
Shares Outstanding: 186,600,000
Float: 185,062,416.00
50-Day Moving Avg.: 4.16
200-Day Moving Avg.: 4.28

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Properties Owned by WPG


Properties owned:
103
Types:
1
States:
29
Countries:
1
Sample of REIT’s Properties (Image Source - REIT’s website) | See more pictures
WPG Sample Property
Website Logo See list of properties owned by WPG
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Occupancy Rate


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Dividend History


Below are the most recent cash dividends paid by WPG, and the Ex-Dividend Date of the dividend. The percent difference from one dividend payment to the next has also been calculated for your convenience.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date

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Financial Statements Overview

Balance Sheet (Quarterly)

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Amounts in USD ($)

Balance Sheet 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Current Cash 0 0 29,244,000 42,542,000
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 418,105,000 421,657,000 445,454,000 451,749,000
Property, Plant & Equipment Net 0 0 0 0
Goodwill 0 0 0 0
Intangible Assets 0 0 0 57,280,000
Other Assets 165,352,000 189,975,000 154,098,000 93,313,000
Net Tangible Assets 822,595,000 874,371,000 944,980,000 841,958,000
Total Assets 4,228,158,000 4,307,039,000 4,310,300,000 4,361,288,000
Accounts Payable 0 0 0 0
Liabilities (Other) 260,107,000 263,454,000 234,585,000 272,275,000
Current Liabilities (Other) 3,117,000 2,992,000 2,992,000 2,992,000
Total Current Liabilities 0 0 0 0
Current Long-term Debt 0 0 60,139,000 64,281,000
Long-term Debt 3,027,063,000 3,041,159,000 2,929,306,000 2,873,196,000
Total Liabilities 3,287,170,000 3,304,613,000 3,224,030,000 3,209,752,000
Minority Interest -752,000 -3,126,000 -896,000 10,321,000
Common Stock 0 19,000 19,000 19,000
Retained Earnings -625,304,000 -573,611,000 -509,187,000 -456,924,000
Treasury Stock 0 0 0 0
Capital Surplus 1,253,152,000 1,251,319,000 1,249,490,000 1,247,639,000
Shareholder Equity 822,595,000 874,371,000 944,980,000 999,710,000

Income Statement (Quarterly)

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Total Revenue 161,204,000 161,434,000 166,462,000 184,568,000
Cost of Revenue 129,184,000 128,321,000 125,218,000 121,515,000
Gross Profit 32,020,000 33,113,000 41,244,000 63,053,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 143,717,000 143,470,000 141,236,000 133,820,000
Operating Income -21,346,000 -21,179,000 24,870,000 50,075,000
Income Expense Net (Other) 19,681,000 4,299,000 -27,433,000 18,761,000
EBIT -21,346,000 -21,179,000 24,870,000 50,075,000
Interest Income 38,833,000 39,143,000 37,375,000 36,607,000
Pretax Income -1,665,000 -16,880,000 -2,563,000 68,836,000
Income Tax 0 0 0 0
Minority Interest -752,000 -3,126,000 -896,000 10,321,000
Net Income -913,000 -13,754,000 -1,667,000 58,515,000
Net Income Basic -4,421,000 -17,262,000 -5,175,000 55,007,000

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Net Income -913,000 -13,754,000 -1,667,000 58,515,000
Depreciation 0 0 65,270,000 63,344,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change 0 0 -14,516,000 -36,762,000
Cash Flow 0 0 20,378,000 107,176,000
Capital Expenditures 0 0 -35,162,000 -41,756,000
Investments 0 0 8,811,000 8,230,000
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows 0 0 -26,351,000 -33,526,000
Dividends Paid 0 0 -59,336,000 -59,217,000
Net Borrowings -96,386,000 -50,858,000 50,858,000 -51,131,000
Cash Flow Financing -96,386,000 -50,858,000 -8,543,000 -110,412,000
Financing Cash Flows (Other) 0 0 -66,000 -61,000
Exchange Rate Effect 0 0 0 0

About Washington Prime Group, Inc.


Washington Prime Group Inc. (NYSE: WPG) 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 an investment grade balance sheet, leveraging 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.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
3 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 5.3
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.2
9 Dividend to FFO Payout Ratio Health: Analysis of the REIT’s Dividend to FFO Payout Ratios during the last four quarters. 8.9
10 Dividend to FFO Payout Ratio Trend: Analysis of the REIT’s Dividend to FFO Payout Ratios trend during the last two years. 7.8
Rating AFFO & Efficiency Section Avg. Rating
6 FFO Trend: Analysis of the REIT’s FFO trend during the last two years. 8.7
7 FFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.7
6 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 7.1
6 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 7.9
Rating Leverage Section Avg. Rating
1 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 5.0
0 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 5.7
6 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
7 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 7.4
3 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.2
4 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
4 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.8
5 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.3
Rating Properties Section Avg. Rating
8 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 8.3
9 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 8.2
8 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
5.6 Overall REITRating™ Score 6.4

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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