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Washington Prime Group Inc. (fka WPGGQ) RSS Feed

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Moderator miningguy2004
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REINVENTING THE RETAIL EXPERIENCE
 

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 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 was formed in May 2014 following a spin-off from Simon Property Group and acquired Glimcher Realty Trust (NYSE: GRT) in January 2015.  Today the company operates out of headquarters in Columbus, Ohio, and an additional office in Indianapolis, Indiana.

Washington Prime Group is one of the largest retail real estate companies in the U.S.  Our town centers benefit from large trade areas and draw nearly 400 million guests a year.  We provide the community a preferred place to shop, eat, drink, play, and hang out.  We are reinvesting in our town centers to further transform them into the hub of daily life. 


WPG


As many small businesses have been impacted during the coronavirus (COVID-19) pandemic, these local entrepreneurs found it difficult, if not impossible, to pay operating expenses such as payroll, insurance, utilities, loan interest, inventory and, of course, their rent while they were temporarily closed. Upon reopening, many small businesses continue to face unprecedented challenges. 

At Washington Prime Group, we regard our tenants as partners. Accordingly, during the second quarter of 2020, the Company entered into constructive negotiations with its small business partners, with a goal of strengthening longstanding relationships. Open for Small Business has been at the forefront of ensuring the survival and subsequent prospering of local entrepreneurs.

This national crisis serves as the catalyst by which we can further our town centers’ standing as a community resource. Our Local Management teams, along with many of our tenants, have worked diligently during the pandemic and continue to serve as a community partner, as exhibited by our hosting of nearly 1,000 community service projects nationwide since March 2020. These civic measures have not only provided immediate assistance to those in need, they have further solidified Washington Prime Group town centers as an integral member of the locales which they serve.
 

PRIMARY IR CONTACTS

Lisa Indest                                                                                                    Kimberly Green                                                                                 Debbie Weakley

Executive Vice President, Finance                                                                Vice President, Investor Relations                                                      Investor Relations Coordinator
and Chief Accounting Officer                                                                         and Corporate Communications

614.887.5844                                                                                                 614.887.5647                                                                                      614.887.5632
lisa.indest@washingtonprime.com                                                                kim.green@washingtonprime.com                                                      debbie.weakley@washingtonprime.com

 

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