|Bid||2.5500 x 900|
|Ask||2.5500 x 1200|
|Day's range||2.4700 - 2.6600|
|52-week range||1.6900 - 16.5500|
|Beta (5Y monthly)||1.49|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||06 Mar 2020|
|1y target est||N/A|
The coronavirus pandemic has done a number on malls, and several major operators have filed for bankruptcy in its wake. Washington Prime Group (NYSE: WPG), an Ohio-based mall operator with more than 100 locations across the U.S., has filed for Chapter 11 bankruptcy, citing challenges related to the pandemic.
(Bloomberg) -- Washington Prime Group Inc., a real estate investment trust that operates enclosed malls and strip centers across the U.S., filed for bankruptcy after the Covid-19 pandemic drove away shoppers.The Chapter 11 filing in Houston lets Washington Prime stay in business while it restructures its debts in a deal that it reached with certain creditors, according to the bankruptcy. The company, with assets estimated at $4 billion and debt of almost $3.5 billion, secured a bankruptcy loan o
Mall owner Washington Prime Group Inc is preparing to seek bankruptcy protection as soon as this week after the COVID-19 pandemic forced it to temporarily close some of its roughly 100 shopping centers across the United States and businesses were unable to pay it rent, people familiar with the matter said. The Columbus, Ohio-based company, formed in 2014 following a spin-off from mall giant Simon Property Group Inc, owns properties that include open-air town centers and enclosed malls, with roughly a third concentrated in the Midwest.