The Company combines a national real estate portfolio with an investment grade balance sheet, leveraging 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 was formed in May 2014 following a spin-off from Simon Property Group and acquired Glimcher Realty Trust (NYSE: GRT) in January 2015. Today the company operates out of headquarters in Columbus, Ohio, and an additional office in Indianapolis, Indiana. Washington Prime Group is focused on the experience we create at each of our centers. By providing a mix of things to do and things to buy, our properties deliver the right combination of tenants, activities and events to keep shoppers engaged and returning often.

Employee Rating

2.8More
TypePublic
HQColumbus, US
Size (employees)940 (est)
Websitewashingtonprime.com
Washington Prime Group is headquartered in Columbus, US
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Key People/Management at Washington Prime Group

Louis G. Conforti

Louis G. Conforti

Chief Executive Officer and Director
Mark E. Yale

Mark E. Yale

Executive Vice President and Chief Financial Officer
Robert P. Demchak

Robert P. Demchak

Executive Vice President, General Counsel and Corporate Secretary
Gregory E. Zimmerman

Gregory E. Zimmerman

Executive Vice President, Development
Paul S. Ajdaharian

Paul S. Ajdaharian

Executive Vice President, Head of Open Air Centers
Melissa A. Indest

Melissa A. Indest

Senior Vice President, Finance and Chief Accounting Officer
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Washington Prime Group Office Locations

Washington Prime Group has an office in Columbus
Columbus, (HQ)
Ohio Health 180 E Broad St
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Washington Prime Group Financials and Metrics

Washington Prime Group Revenue

Washington Prime Group's revenue was reported to be $758.12 m in FY, 2017
USD

Revenue (Q3, 2018)

179.9m

Net income (Q3, 2018)

4.1m

EBIT (Q3, 2018)

37.2m

Market capitalization (4-Dec-2018)

1.1b

Closing stock price (4-Dec-2018)

6.0

Cash (30-Sep-2018)

73.1m

EV

3.0b
Washington Prime Group's current market capitalization is $1.1 b.
Annual
USDFY, 2015FY, 2016FY, 2017

Revenue

921.7m843.5m758.1m

Sales and marketing expense

11.7m10.4m9.1m

General and administrative expense

47.9m37.3m34.9m

Operating expense total

887.9m658.5m613.3m
Quarterly
USDQ3, 2015Q1, 2016Q3, 2016Q1, 2017Q3, 2017Q1, 2018Q3, 2018

Revenue

217.0m210.0m209.9m202.4m179.3m180.3m179.9m

Sales and marketing expense

2.6m2.2m2.6m2.2m2.1m1.8m1.9m

General and administrative expense

12.4m10.8m8.1m8.8m8.1m9.7m9.1m

Operating expense total

178.7m154.7m171.5m152.9m155.0m134.7m142.7m
Annual
USDFY, 2015FY, 2016FY, 2017

Cash

116.3m59.4m52.0m

Total Assets

5.5b5.1b4.5b

Short-term debt

249.9m247.6m979.4m

Long-term debt

249.9m247.6m979.4m
Quarterly
USDQ3, 2015Q1, 2016Q3, 2016Q1, 2017Q3, 2017Q1, 2018Q3, 2018

Cash

121.3m91.3m57.8m94.5m48.3m45.9m73.1m

Total Assets

5.6b5.4b5.2b5.0b4.6b4.4b4.5b

Short-term debt

249.9m247.1m247.5m247.8m979.6m980.2m981.9m

Long-term debt

249.9m247.1m247.5m247.8m979.6m980.2m981.9m
Annual
USDFY, 2015FY, 2016FY, 2017

Net Income

(104.1m)77.4m231.6m

Cash From Operating Activities

310.8m289.8m327.5m

Cash From Investing Activities

(705.5m)(125.9m)100.3m

Long-term Borrowings

(189.5m)(1.5b)
Quarterly
USDQ3, 2015Q1, 2016Q3, 2016Q1, 2017Q3, 2017Q1, 2018Q3, 2018

Net Income

7.5m13.7m43.6m14.6m168.5m20.2m39.8m

Cash From Operating Activities

237.6m59.1m200.0m71.4m237.7m43.7m191.8m

Cash From Investing Activities

(661.6m)(7.6m)(90.1m)53.4m106.9m(6.1m)(158.0m)

Long-term Borrowings

(18.7m)(157.1m)(104.6m)(1.3b)(451.1m)(507.1m)
USDY, 2018

EV/EBIT

80.8 x

EV/CFO

15.7 x

Financial Leverage

3.9 x
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Washington Prime Group News and Updates

Washington Prime Group Continues to See Strong Demand from Big Box Retailers that are Property Type Agnostic and Want to be Located in Dominant, Hybrid Town Centers

COLUMBUS, Ohio, Oct. 23, 2018 (GLOBE NEWSWIRE) --  Washington Prime Group Inc. (NYSE: WPG) continues to further is hybrid town center mandate through differentiated adaptive reuse including the addition of big box retailers that are property type agnostic and want to be located in locations that a…

Washington Prime Group Provides Department Store Update

COLUMBUS, Ohio, Oct. 12, 2018 (GLOBE NEWSWIRE) -- Washington Prime Group Inc. (NYSE: WPG) continues to proactively manage its exposure to department stores situated within its Tier One and Open Air assets. This has been accomplished by the continued redevelopment of WPG owned department store spac…
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Washington Prime Group Company Life and Culture

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Washington Prime Group Frequently Asked Questions

  • Who are Washington Prime Group key executives?

    Washington Prime Group's key executives are Louis G. Conforti, Mark E. Yale and Robert P. Demchak.

  • How many employees does Washington Prime Group have?

    Washington Prime Group has 940 employees.

  • What is Washington Prime Group revenue?

    Latest Washington Prime Group annual revenue is $758.1 m.

  • What is Washington Prime Group revenue per employee?

    Latest Washington Prime Group revenue per employee is $806.5 k.

  • Who are Washington Prime Group competitors?

    Competitors of Washington Prime Group include Aimco, Derwent London and Kite Realty Group Trust.

  • Where is Washington Prime Group headquarters?

    Washington Prime Group headquarters is located at Ohio Health 180 E Broad St, Columbus.

  • Where are Washington Prime Group offices?

    Washington Prime Group has an office in Columbus.

  • How many offices does Washington Prime Group have?

    Washington Prime Group has 1 office.