Stock Analysis Report

Executive Summary

Washington Prime Group Inc. is a retail REIT and a recognized leader in the ownership, management, acquisition and development of retail properties.

Snowflake Analysis

Second-rate dividend payer and overvalued.

Similar Companies

Share Price & News

How has Washington Prime Group's share price performed over time and what events caused price changes?

Latest Share Price and Events

Stable Share Price: WPG's share price has been volatile over the past 3 months.

Market Performance

7 Day Return






US Market

1 Year Return






US Market

Return vs Industry: WPG underperformed the US REITs industry which returned -27.1% over the past year.

Return vs Market: WPG underperformed the US Market which returned -15.9% over the past year.

Shareholder returns

7 Day30.5%0.3%2.4%
30 Day-59.1%-22.2%-11.0%
90 Day-77.4%-24.2%-19.4%
1 Year-80.8%-84.9%-16.9%-20.3%-8.1%-10.0%
3 Year-84.9%-91.1%-2.8%-15.0%17.3%9.6%
5 Year-89.6%-94.9%15.9%-7.9%36.1%21.1%

Price Volatility Vs. Market

How volatile is Washington Prime Group's share price compared to the market and industry in the last 5 years?

Simply Wall St News


Is Washington Prime Group undervalued compared to its fair value and its price relative to the market?


Price to Book (PB) ratio

Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate WPG's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate WPG's fair value to establish if it is undervalued.

Price To Earnings Ratio

PE vs Industry: WPG is unprofitable, so we can't compare its PE Ratio to the REITs industry average.

PE vs Market: WPG is unprofitable, so we can't compare its PE Ratio to the US market.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate WPG's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: WPG is good value based on its PB Ratio (0.2x) compared to the US REITs industry average (1.1x).

Next Steps

Future Growth

How is Washington Prime Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?


Forecasted Real Estate industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Washington Prime Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Next Steps

Past Performance

How has Washington Prime Group performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: WPG is currently unprofitable.

Growing Profit Margin: WPG is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: WPG is unprofitable, but has reduced losses over the past 5 years at a rate of 5.2% per year.

Accelerating Growth: Unable to compare WPG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: WPG is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (4.3%).

Return on Equity

High ROE: WPG has a negative Return on Equity (0.3%), as it is currently unprofitable.

Next Steps

Financial Health

How is Washington Prime Group's financial position?

Financial Position Analysis

Short Term Liabilities: WPG's short term assets ($234.5M) exceed its short term liabilities ($213.8M).

Long Term Liabilities: WPG's short term assets ($234.5M) do not cover its long term liabilities ($3.1B).

Debt to Equity History and Analysis

Debt Level: WPG's debt to equity ratio (337.2%) is considered high.

Reducing Debt: WPG's debt to equity ratio has increased from 246.2% to 337.2% over the past 5 years.

Debt Coverage: WPG's debt is not well covered by operating cash flow (6.8%).

Interest Coverage: WPG is unprofitable, therefore interest payments are not well covered by earnings.

Balance Sheet

Next Steps


What is Washington Prime Group's current dividend yield, its reliability and sustainability?


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: WPG's dividend (80.31%) is higher than the bottom 25% of dividend payers in the US market (2.07%).

High Dividend: WPG's dividend (80.31%) is in the top 25% of dividend payers in the US market (5.82%)

Stability and Growth of Payments

Stable Dividend: WPG has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: WPG has only been paying a dividend for 6 years, and since then payments have fallen.

Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (73%), WPG's dividend payments are covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Next Steps


How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Lou Conforti (54yo)





Mr. Louis G. Conforti, also known as Lou, serves as the Chief Executive Officer of Washington Prime Group Inc. since October 6, 2016 and has been its Director since May 27, 2014 and previously served as an ...

CEO Compensation Analysis

Compensation vs Market: Lou's total compensation ($USD4.83M) is above average for companies of similar size in the US market ($USD626.05K).

Compensation vs Earnings: Lou's compensation has been consistent with company performance over the past year.

Leadership Team

Louis Conforti
CEO & Director3.58yrsUS$4.83m0.50% $888.5k
Mark Yale
Executive VP & CFO5.25yrsUS$1.66m0.18% $326.3k
Robert Demchak
Executive VP3.83yrsUS$1.40m0.080% $143.9k
Melissa Indest
Executive VP of Finance & Chief Accounting Officer5.25yrsUS$682.39k0.046% $82.1k
Cheryl VanPatten
Senior VP & Chief Information Officer4.5yrsno datano data
Kimberly A. Green
Vice President of Investor Relations & Corporate Communicationsno datano datano data
Pagle Helterbrand
Senior VP & Chief Human Resource Officer3.58yrsno datano data
Joshua Lindimore
Executive VP & Head of Leasing2.5yrsno data0.018% $31.5k
Lauren Kelly
Senior Vice President2.5yrsno datano data
Amy Jonas
Senior Vice Presidentno datano datano data


Average Tenure


Average Age

Experienced Management: WPG's management team is considered experienced (3.7 years average tenure).

Board Members

Louis Conforti
CEO & Director3.58yrsUS$4.83m0.50% $888.5k
John Dillon
Independent Director3.83yrsUS$230.01kno data
Robert Laikin
Non-Executive Chairman of the Board3.83yrsUS$505.01k0.16% $279.1k
Sheryl von Blucher
Independent Director3.67yrsUS$230.01k0.013% $24.0k
J. Birge
Independent Director2.92yrsUS$285.01k0.015% $27.2k
Jacquelyn Soffer
Independent Director5.92yrsUS$230.01k0.054% $96.0k
John Levy
Independent Director3.83yrsUS$230.01kno data


Average Tenure


Average Age

Experienced Board: WPG's board of directors are considered experienced (3.8 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: WPG insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Washington Prime Group Inc.'s company bio, employee growth, exchange listings and data sources

Key Information

  • Name: Washington Prime Group Inc.
  • Ticker: WPG
  • Exchange: NYSE
  • Founded: 2014
  • Industry: Retail REITs
  • Sector: Real Estate
  • Implied Market Cap: US$179.327m
  • Market Cap: US$151.376m
  • Shares outstanding: 221.39m
  • Website: https://www.washingtonprime.com

Number of Employees


  • Washington Prime Group Inc.
  • 180 East Broad Street
  • Columbus
  • Ohio
  • 43215
  • United States


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WPGNYSE (New York Stock Exchange)YesCommon StockUSUSDMay 2014
W02DB (Deutsche Boerse AG)YesCommon StockDEEURMay 2014
0LTALSE (London Stock Exchange)YesCommon StockGBUSDMay 2014


Washington Prime Group Inc. is a retail REIT and a recognized leader in the ownership, management, acquisition and development of retail properties. The Company combines a national real estate portfolio with its expertise across the entire shopping center sector to increase cash flow through rigorous management of assets and provide new opportunities to retailers looking for growth throughout the U.S. Washington Prime Group, Polaris Fashion Place, and Town Center at Aurora are registered trademarks of the Company. 

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/08 06:07
End of Day Share Price2020/04/07 00:00
Annual Earnings2019/12/31

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.