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8-K
WASHINGTON PRIME GROUP INC. filed this Form 8-K on 07/26/2018
Entire Document
 


LEASE EXPIRATIONS (1)
 
 
 
 
 
 
 
 
 
 
Washington Prime Group Inc.
 
 
 
 
 
 
 
As of June 30, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Enclosed Retail Properties
 
 
Number of Leases Expiring
 
Anchor Square Feet of GLA Expiring
 
Store Square Feet of GLA Expiring
 
Total Square Feet of GLA Expiring
 
Anchor Annualized Base Rents PSF Expiring
 
Store Annualized Base Rents PSF Expiring
 
% of Annualized Base Rents Represented by Expiring Leases
 
Year
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Month To Month Leases
164

 

 
351,629

 
351,629

 
$

 
$
38.68

 
2.2
%
 
2018
181

 
417,936

 
397,338

 
815,274

 
$
5.10

 
$
33.27

 
2.4
%
 
2019
763

 
1,083,708

 
2,385,974

 
3,469,682

 
$
4.81

 
$
28.09

 
11.5
%
 
2020
656

 
2,237,721

 
2,052,938

 
4,290,659

 
$
4.42

 
$
27.96

 
10.6
%
 
2021
532

 
1,661,422

 
1,740,764

 
3,402,186

 
$
6.03

 
$
27.18

 
9.6
%
 
2022
436

 
1,415,819

 
1,376,297

 
2,792,116

 
$
4.48

 
$
30.05

 
7.8
%
 
2023
350

 
1,264,335

 
1,281,026

 
2,545,361

 
$
8.12

 
$
27.75

 
7.6
%
 
2024
222

 
666,396

 
814,972

 
1,481,368

 
$
5.80

 
$
28.09

 
4.5
%
 
2025
206

 
631,454

 
908,348

 
1,539,802

 
$
10.19

 
$
27.68

 
5.2
%
 
2026
199

 
167,790

 
1,067,222

 
1,235,012

 
$
7.82

 
$
28.09

 
5.1
%
 
2027
188

 
489,515

 
853,803

 
1,343,318

 
$
8.13

 
$
29.54

 
4.6
%
 
2028 and Thereafter
126

 
1,238,581

 
615,401

 
1,853,982

 
$
8.85

 
$
26.00

 
4.4
%
 
Specialty Leasing Agreements w/ terms in excess of 11 months
669

 

 
1,597,372

 
1,597,372

 
$

 
$
9.82

 
2.6
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Open Air Properties
 
 
Number of Leases Expiring
 
Anchor Square Feet of GLA Expiring
 
Store Square Feet of GLA Expiring
 
Total Square Feet of GLA Expiring
 
Anchor Annualized Base Rents PSF Expiring
 
Store Annualized Base Rents PSF Expiring
 
% of Annualized Base Rents Represented by Expiring Leases
 
Year
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Month To Month Leases
18

 

 
42,193

 
42,193

 
$

 
$
18.29

 
0.1
%
 
2018
34

 
25,161

 
88,438

 
113,599

 
$
11.50

 
$
16.75

 
0.3
%
 
2019
132

 
389,399

 
356,547

 
745,946

 
$
11.86

 
$
20.69

 
2.0
%
 
2020
190

 
973,586

 
572,523

 
1,546,109

 
$
12.45

 
$
20.99

 
4.1
%
 
2021
159

 
1,150,939

 
450,170

 
1,601,109

 
$
9.10

 
$
20.26

 
3.3
%
 
2022
153

 
905,027

 
495,711

 
1,400,738

 
$
9.99

 
$
18.31

 
3.0
%
 
2023
129

 
1,085,938

 
429,218

 
1,515,156

 
$
10.53

 
$
19.38

 
3.4
%
 
2024
51

 
549,484

 
204,573

 
754,057

 
$
9.16

 
$
19.95

 
1.5
%
 
2025
42

 
208,355

 
115,036

 
323,391

 
$
12.19

 
$
23.44

 
0.9
%
 
2026
46

 
262,583

 
158,426

 
421,009

 
$
13.76

 
$
24.13

 
1.3
%
 
2027
60

 
354,118

 
196,778

 
550,896

 
$
8.68

 
$
22.47

 
1.3
%
 
2028 and Thereafter
23

 
209,462

 
93,503

 
302,965

 
$
12.77

 
$
19.13

 
0.7
%
 
Specialty Leasing Agreements w/ terms in excess of 11 months
5

 

 
15,402

 
15,402

 
$

 
$
3.41

 
0.0
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) Does not consider the impact of renewal options that may be contained in leases, and this only considers landlord owned GLA.


SUPPLEMENTAL INFORMATION | 14

©2013- WASHINGTON PRIME GROUP