WP Glimcher (WPG) Declares $0.25 Quarterly Dividend; 8.5% Yield

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Land and Buildings Comments on Formation of REIT by MGM Resorts

November 3, 2015 9:01 AM EST

- Commends Board of MGM Resorts for Taking Important First Steps Towards Unlocking the Companys Material Undervaluation -

- Accelerating Recovery in Las Vegas Combined with MGMs Profit Growth Plan Should Result in 2016 Domestic EBITDA That is Well Ahead of Current Wall Street Estimates

- MGMs Newly Formed REIT Has the Potential to Trade at a Premium Valuation, but Needs to be Structured for Success Key Issues Highlighted Below -

- MGM Resorts Must Stay the Course to Successfully Execute Initiatives to... More

WP Glimcher Reports Third Quarter 2015 Results

November 2, 2015 5:03 PM EST

- Announces Commitments on New Seven-Year Unsecured Term Loan

- Board of Directors Approves Quarterly Dividend

COLUMBUS, Ohio--(BUSINESS WIRE)-- WP Glimcher Inc. (NYSE: WPG), a premier retail real estate investment trust specializing in the ownership, management and development of shopping centers, today reported financial results and operating data for the third quarter ended September 30, 2015.

In WP Glimchers short history, we have built an experienced team, are well on our way to implementing a best-in-class property management platform, and are delivering improved results,... More