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 coronavirus (COVID-19) pandemic, the Company will continue to work with tenants as well as relevant federal, state and local authorities to assess when it’s safe for communities to return to normal and accordingly begin to reopen its enclosed assets. The Company anticipates a portion of its open air centers, which represent approximately 40% of total net operating income (NOI), or 58 assets within the portfolio, to continue to remain open to offer essential goods and services to the extent permitted by law.Based upon the continued uncertainty due to COVID-19, the Company is taking additional proactive measures to enhance liquidity and financial flexibility.Lou Conforti, CEO and Director of Washington Prime Group, stated: “The COVID-19 pandemic, beyond the devastating global health impact, has inflicted unpreced
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