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BRIEF-Washington Prime Group Posts Q4 FFO Per Share Of $1.69

· 03/16/2021 17:12
BRIEF-Washington Prime Group Posts Q4 FFO Per Share Of $1.69

- Washington Prime Group Inc WPG.N:

  • WASHINGTON PRIME GROUP ANNOUNCES FOURTH QUARTER AND FISCAL YEAR 2020 RESULTS

  • Q4 FFO PER SHARE $1.69

  • SAYS CONTINUING TO ENGAGE IN NEGOTIATIONS AND DISCUSSIONS TO RESTRUCTURE ITS CAPITAL STRUCTURE

  • SAYS BOARD HAS MADE DECISION TO SUSPEND Q1 DIVIDENDS ON ITS COMMON SHARES

  • SAYS NOT PROVIDING 2021 GUIDANCE, CO WILL NOT HOST AN EARNINGS CONFERENCE CALL THIS QUARTER

  • SAYS RESTRUCTURING MAY NEED TO BE IMPLEMENTED IN CASES COMMENCED UNDER CHAPTER 11 OF UNITED STATES BANKRUPTCY CODE

  • SAYS EXPECTS TO CONTINUE TO PROVIDE QUALITY SERVICE TO ITS CUSTOMERS WITHOUT INTERRUPTION

  • WASHINGTON PRIME GROUP - CONTINUES TO BE OPEN TO ALL DISCUSSIONS WITH HOLDERS OF NOTES AND ITS OTHER STAKEHOLDERS REGARDING A POTENTIAL RESTRUCTURING

Source text for Eikon: ID:nBw5ss7yRa

Further company coverage: WPG.N


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