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Financial News Releases - WPG

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Q3 2018 Washington Prime Group Earnings Conference Call (Live)
10/25/18 at 11:00 a.m. ET
Q3 2018 Washington Prime Group Earnings Conference Call
Thursday, October 25, 2018 11:00 a.m. ET  
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10/12/18Washington Prime Group Provides Department Store Update
COLUMBUS, Ohio, Oct. 12, 2018 (GLOBE NEWSWIRE) -- Washington Prime Group Inc. (NYSE: WPG) continues to proactively manage its exposure to department stores situated within its Tier One and Open Air assets. This has been accomplished by the continued redevelopment of WPG owned department store space as well as the acquisition of space owned by retailers, including Sears. These capital allocation decisions continue to further the Company's dominant secondary town center mandate via differentiated ... 
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10/11/18Washington Prime Group Announces Timing of Third Quarter 2018 Earnings Conference Call
COLUMBUS, Ohio, Oct. 11, 2018 (GLOBE NEWSWIRE) -- Washington Prime Group Inc. (NYSE: WPG) today announced that the Company will hold a conference call on Thursday, October 25, 2018 at 11:00 a.m. Eastern Time to discuss the Company’s third quarter 2018 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 7075197. The live audio webcast of the call will be available on the inve... 
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10/03/18Washington Prime Group Bringing New Lifestyle Tenants to Bowie Town Center, including Party HQ, an 18,000 SF Entertainment Destination
COLUMBUS, Ohio, Oct. 03, 2018 (GLOBE NEWSWIRE) -- Washington Prime Group Inc. (NYSE: WPG) is enhancing the guest experience at Bowie Town Center, a hybrid Tier One property, and adjacent Bowie Town Center Strip, an Open Air property, located in Bowie, Maryland (collectively as “Bowie Town Center”), through the addition of new lifestyle tenancy including Party HQ, an approximately 18,000 square foot family-friendly entertainment concept. Bowie Town Center is anchored by a dynamic mix of retail,... 
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10/01/18Washington Prime Group Closes on Fixed Rate Loan Secured by Southgate Mall, a Tier One Dominant, Hybrid, Mixed Use Town Center
Town center’s catchment area extends into 24 counties and is minutes from The University of Montana COLUMBUS, Ohio, Oct. 01, 2018 (GLOBE NEWSWIRE) -- Washington Prime Group Inc. (NYSE: WPG) today announced that the Company has closed on a $35.0 million loan secured by Southgate Mall, a Tier One property located in Missoula, Montana. The interest-only loan has an initial term of 36 months and bears interest at a fixed rate of 4.48%. There are two one-year extensions available under the loan a... 
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09/18/18Washington Prime Group Announces Further Renovation at the Mall at Fairfield Commons with Addition of Round1 and The RoomPlace
COLUMBUS, Ohio, Sept. 18, 2018 (GLOBE NEWSWIRE) -- Washington Prime Group Inc. (NYSE: WPG) today announced the next phase of its renovation at The Mall at Fairfield Commons, a Tier One asset located in the Dayton- Ohio market, with the addition of The RoomPlace and Round1 Entertainment. Following the renovation, the Company will have repositioned two department store spaces at The Mall at Fairfield Commons. Lou Conforti, CEO and Director of Washington Prime Group stated: “Just thinking abou... 
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08/03/18Washington Prime Group Board of Directors Declares Quarterly Dividend
COLUMBUS, Ohio, Aug. 03, 2018 (GLOBE NEWSWIRE) -- Washington Prime Group Inc. (NYSE: WPG) today announced that the Company’s Board of Directors declared a quarterly cash dividend on its common shares and operating partnership units.  A cash dividend of $0.25 per common share and operating partnership unit was declared. The dividend is payable on September 17, 2018 to shareholders and operating partnership unit holders of record on September 4, 2018. In addition, the Board of Directors decla... 
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07/25/18Washington Prime Group Reports Second Quarter 2018 Results
- Company reaffirms fiscal 2018 guidance - Core portfolio year-to-date total leasing volume at 2.4 million square feet through July 25 COLUMBUS, July 25, 2018 (GLOBE NEWSWIRE) -- Washington Prime Group Inc. (NYSE:WPG) today reported financial and operating results for the second quarter ended June 30, 2018 that reflect continued progress of the execution of the Company's financial, operating and strategic objectives. A description of each non-GAAP financial measure and the related reconciliation... 
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07/25/18The RoomPlace to Join Dynamic Tenant Lineup at Three Assets in Washington Prime Group Portfolio
The Company continues to execute its hybrid town center mandate to offer dynamic uses COLUMBUS, Ohio, July 25, 2018 (GLOBE NEWSWIRE) -- Washington Prime Group Inc. (NYSE:WPG) today announced transactions with The RoomPlace at three of its enclosed assets, further evidencing its anchor repositioning objective and its focus on diversifying tenancy. The Company has finalized leases with The RoomPlace, a dynamic home furnishings retailer, at the following locations: Dayton Mall, located in Dayt... 
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07/24/18(ICSC) Washington Prime Group Moves the Property Management Office into the Common Area
What is present at almost every shopping center, but usually tucked away in a hard-to-find place? Answer: the property management office. At Washington Prime Group–owned shopping centers, it may be only a matter of time before the oft-secluded mall-management office becomes a thing of the past. As part of an overhaul of its property-management division, the Columbus, Ohio–based retail REIT is testing a program that places its general managers front and center by having them work from areas i... 
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07/10/18Washington Prime Group partners with COhatch to bring coworking spaces to Polaris Fashion Place
COLUMBUS, Ohio, July 10, 2018 (GLOBE NEWSWIRE) -- Washington Prime Group Inc. (NYSE:WPG) today announced that the Company has partnered with COhatch to deliver shared work, event and lifestyle space to Polaris Fashion Place, Central Ohio’s premier retail destination. This reflects Washington Prime Group’s objectives to diversify tenancy, activate common areas and satisfy its demographic constituencies’ demand for differentiated services, while reinventing its retail venues as community-focused... 
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07/09/18Washington Prime Group Announces Timing of Second Quarter 2018 Earnings Conference Call
COLUMBUS, Ohio, July 09, 2018 (GLOBE NEWSWIRE) -- Washington Prime Group Inc. (NYSE:WPG) today announced that the Company will hold a conference call on Thursday, July 26, 2018 at 11:00 a.m. Eastern Time to discuss the Company’s second quarter 2018 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 2891447. The live audio webcast of the call will be available on the investo... 
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06/21/18Washington Prime Group Announces Ulta Beauty and Five Below to Follow H&M as Latest In-Demand Retailers to Join Dynamic Tenant Line-Up at Grand Central Mall
COLUMBUS, Ohio, June 21, 2018 (GLOBE NEWSWIRE) -- Washington Prime Group Inc. (NYSE:WPG) today announced that Ulta Beauty and Five Below will join Grand Central Mall’s growing line-up of sought after retail options.  The addition of Ulta Beauty and Five Below follows the announcement of a 20,000-square-foot H&M opening in the fall of 2018 at Grand Central Mall, which will replace the former Elder-Beerman department store. This will be H&M’s first location in West Virginia. Ulta Beauty... 
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05/30/18Washington Prime Group to Present at REITWeek® 2018: Nareit’s Investor Forum
COLUMBUS, Ohio, May 30, 2018 (GLOBE NEWSWIRE) -- Washington Prime Group Inc. (NYSE:WPG) today announced that CEO and Director Lou Conforti and CFO Mark Yale will present at Nareit’s REITWeek® 2018 on Tuesday, June 5, 2018 at 3:00 p.m. ET in New York, New York. A live audio webcast will be available on the investor relations section of the Company’s website at www.washingtonprime.com. The audio replay will be accessible through September 6, 2018. An accompanying investor handout will be pos... 
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05/17/18Washington Prime Group Board of Directors Declares Quarterly Dividend
COLUMBUS, Ohio, May 17, 2018 (GLOBE NEWSWIRE) -- Washington Prime Group Inc. (NYSE:WPG) today announced that the Company’s Board of Directors declared a quarterly cash dividend on its common shares and operating partnership units.  A cash dividend of $0.25 per common share and operating partnership unit was declared. The dividend is payable on June 15, 2018 to shareholders and operating partnership unit holders of record on June 1, 2018. In addition, the Board of Directors declared quarterl... 
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04/25/18Washington Prime Group Reports First Quarter 2018 Results
- Completes acquisition of Southgate Mall, a dominant town center - Completes acquisition of Sears properties located at four Tier One properties - Company reaffirms fiscal 2018 guidance COLUMBUS, Ohio, April 25, 2018 (GLOBE NEWSWIRE) -- Washington Prime Group Inc. (NYSE:WPG) today reported financial and operating results for the first quarter ended March 31, 2018 that reflect continued progress of the execution of the Company’s financial, operating and strategic objectives. A description o... 
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04/12/18Washington Prime Group Announces Timing of First Quarter 2018 Earnings Conference Call
COLUMBUS, Ohio, April 12, 2018 (GLOBE NEWSWIRE) -- Washington Prime Group Inc. (NYSE:WPG) today announced that the Company will hold a conference call on Thursday, April 26, 2018 at 11:00 a.m. Eastern Time to discuss the Company’s first quarter 2018 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 8775677. The live audio webcast of the call will be available on the inve... 
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04/06/18Washington Prime Group to Transform Department Store Space at Southern Park Mall
COLUMBUS, Ohio, April 06, 2018 (GLOBE NEWSWIRE) -- Washington Prime Group Inc. (NYSE:WPG) today announced its most recent redevelopment effort, a multi-million dollar project anchored by the addition of diversified tenants at Southern Park Mall, a Tier One asset located in Youngstown, Ohio. The Company is in discussions with new tenants, which will be announced in the future, for the high visibility anchor space currently occupied by Sears. The Company proactively negotiated an early terminat... 
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03/12/18Washington Prime Group to Acquire Four Sears Stores Located at Tier One Assets through a Sale-Leaseback
COLUMBUS, Ohio, March 12, 2018 (GLOBE NEWSWIRE) -- Washington Prime Group Inc. (NYSE:WPG) today announced that it has signed a definitive agreement to acquire through a sale-leaseback transaction four Sears department stores and four adjacent Sears Auto Centers (collectively, the “Properties”) located at Tier One assets. The purchase price is approximately $28.5 million, and Washington Prime Group (the “Company”) expects to complete the acquisition during the second quarter of 2018, subject to... 
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02/26/18Washington Prime Group to Present at Citi 2018 Global Property CEO Conference
COLUMBUS, Ohio, Feb. 26, 2018 (GLOBE NEWSWIRE) -- Washington Prime Group Inc. (NYSE:WPG) today announced that Lou Conforti, CEO and Director, and Mark Yale, CFO, will participate in a roundtable presentation at the Citi 2018 Global Property CEO Conference in Hollywood, Florida. The Company’s roundtable presentation is scheduled for Wednesday, March 7, 2018 at 8:10 a.m. ET. A live audio webcast of the presentation will be available on the Company’s investor relations website at http://invest... 
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02/21/18Washington Prime Group Reports Fourth Quarter and Fiscal Year 2017 Results
COLUMBUS, Ohio, Feb. 21, 2018 (GLOBE NEWSWIRE) -- Washington Prime Group Inc. (NYSE:WPG) today reported financial and operating results for the fourth quarter and fiscal year ended December 31, 2017 that reflect continued progress of the execution of the Company’s financial, operating and strategic objectives. A description of each non-GAAP financial measure and the related reconciliation to the comparable GAAP financial measure are included in this release.     Three Mo... 
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02/20/18Washington Prime Group Board of Directors Declares Quarterly Dividend
COLUMBUS, Ohio, Feb. 20, 2018 (GLOBE NEWSWIRE) -- Washington Prime Group Inc. (NYSE:WPG) today announced that the Company’s Board of Directors declared a quarterly cash dividend on its common shares and operating partnership units. A cash dividend of $0.25 per common share and operating partnership unit was declared. The dividend is payable on March 15, 2018 to shareholders and operating partnership unit holders of record on March 5, 2018. In addition, the Board of Directors declared quarterl... 
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02/09/18Washington Prime Group Announces Continued Progress on Anchor Repositioning Efforts  
COLUMBUS, Ohio, Feb. 09, 2018 (GLOBE NEWSWIRE) -- Washington Prime Group Inc. (NYSE:WPG) today announced continued progress on its anchor repositioning efforts. Lou Conforti, CEO and Director stated: “Since 2015, WPG has completed, started or approved 15 anchor repositioning projects at our enclosed assets. Anchor repositioning is a testament to our hybrid model of combining enclosed and open air formats within a single convenient location. When we say our objective is to fortify our positi... 
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01/22/18Washington Prime Group Recasts $1 Billion Revolving Credit and Term Loan Facility
COLUMBUS, Ohio, Jan. 22, 2018 (GLOBE NEWSWIRE) -- Washington Prime Group Inc. (NYSE:WPG) today announced that its operating partnership, Washington Prime Group, L.P., has amended and restated its existing revolving credit and term loan facility that was set to mature with extension options on May 30, 2019. The newly recast $1 billion facility can be increased to $1.5 billion through currently uncommitted facility commitments. Excluding this accordion feature, the newly recast facility includes... 
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01/18/18Washington Prime Group Announces Tax Reporting Information for 2017 Distributions
COLUMBUS, Ohio, Jan. 18, 2018 (GLOBE NEWSWIRE) -- Washington Prime Group Inc. (NYSE:WPG) today announced the 2017 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 administr... 
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01/18/18Washington Prime Group Announces Timing of Fourth Quarter and Full Year 2017 Conference Call
COLUMBUS, Ohio, Jan. 18, 2018 (GLOBE NEWSWIRE) -- Washington Prime Group Inc. (NYSE:WPG) today announced that the Company will hold a conference call on Thursday, February 22, 2018 at 1:00 p.m. Eastern Time to discuss the Company’s fourth quarter and full year 2017 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 9071348. The live audio webcast of the call will be avail... 
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