Washington Prime Group Inc. (WPG) Reports Q3 FFO of $0.28
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Washington Prime Group Announces Third Quarter 2019 Results
October 23, 2019 5:33 PM EDTReaffirms dividend guidance for remainder of 2019Year-to-date leasing activity remains strong exhibited by a 13% increase to 3.2M SFTier One sales PSF increased 4.6% to $413Tier One occupancy cost decreased 90 basis points to 11.2%Addressed 17 of 23 department store boxes to be repositioned at Tier One and Open Air assetsProactively retired at a discount $29.1M of outstanding principal on the Senior Notes due 2024$68.1M of net loan proceeds raised from the refinancing of four Open Air assets$42.4M of net proceeds from the sale leaseback of fee interest in land at four Tier One... More
