Washington Prime Group Provides COVID-19 Update
Washington Prime Group Inc. (WPG)
Last washington prime group inc. earnings: 2/26 05:54 pm
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US:NYSE Investor Relations:
investor.washingtonprime.com
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Source: Business Wire
COLUMBUS, Ohio--(BUSINESS WIRE)--Washington Prime Group Inc. (NYSE: WPG) today announced an update on several fronts. In its continued recognition of the need to address the spread of the coronavirus (COVID-19), the Company has extended the temporary closure of its enclosed assets with an indoor common area from March 29 to April 6 or at a date in compliance with applicable federal, local or state mandates.In addition, based upon this heightened uncertainty, the Company is withdrawing its full-year 2020 guidance issued on February 26, 2020. The Company is not providing updated guidance at this time.Lou Conforti, CEO and Director of Washington Prime Group, stated: “While the next quarter is going to be a son of a gun, our Company is well positioned to encounter the challenges resulting from the COVID-19 pandemic. In fact, our leasing and development professionals continue to grind it out as illustrated by the 16 new leases and 44 renewals executed during the month of March alone, w
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