Market Capitalization (Millions $) |
- |
Shares
Outstanding (Millions) |
25 |
Employees |
1,400 |
Revenues (TTM) (Millions $) |
543 |
Net Income (TTM) (Millions $) |
-339 |
Cash Flow (TTM) (Millions $) |
-34 |
Capital Exp. (TTM) (Millions $) |
150 |
Washington Prime Group Inc
Washington Prime Group Inc. is a real estate investment trust company which specializes in the ownership, management, acquisition, development, and redevelopment of retail shopping centers. The company was formed in 2014 as a spin-off from Simon Property Group Inc. and is headquartered in Columbus, Ohio. The company's operating portfolio includes more than 100 shopping centers spanning across the United States.
The company's business model focuses on owning and operating high-quality malls and retail centers that attract national and international retailers. Washington Prime Group's properties are located in key markets that are considered to have high demographics for consumer spending. The company targets communities with populations between 30,000 to 150,000 with retail centers ranging from 100,000 to 2 million square feet.
Washington Prime Group is committed to sustainability and works towards integrating environmental, social, and governance (ESG) principles into their business practices. Some of the key ESG areas include energy efficiency, water conservation, waste reduction, and responsible sourcing of materials. The company has implemented several sustainable strategies such as LED lighting, low-flow plumbing fixtures, and recycling programs.
In addition to its operational portfolio, Washington Prime Group has a development pipeline consisting of new construction, redevelopment, and expansion projects. The company has a dedicated team of professionals who work closely with tenants to create innovative designs that provide a unique shopping experience. The company's development strategy is based on creating mixed-use spaces that include lifestyle amenities such as theaters, grocery stores, fitness centers, and restaurants.
Washington Prime Group has a highly experienced management team with extensive experience in the retail real estate industry. The company's executives have a proven track record of creating value for shareholders through strategic acquisitions, development, and operational excellence. The company is committed to delivering sustainable distributions to its shareholders through consistent operational performance and disciplined capital management.
Overall, Washington Prime Group is a leading player in the real estate industry specializing in the ownership, management, and development of high-quality retail shopping centers. The company is committed to sustainability and works closely with tenants to create unique and innovative spaces that provide an exceptional shopping experience. With a highly experienced management team and a strong portfolio of properties, Washington Prime Group is well-positioned for long-term success.
Company Address: 180 East Broad Street Columbus 43215 OH
Company Phone Number: 621-9000 Stock Exchange / Ticker: NYSE WPG
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