- Apr. 26: #97; vol. 4.5M ; $6.40
- bot day after earnings
- Apr. 27: WPG to join S&P SmallCap 600
COLUMBUS, Ohio (AP) _ Washington Prime Group Inc. (WPG) on Wednesday reported a key measure of profitability in its first quarter.
The Columbus, Ohio-based real estate investment trust said it had funds from operations of $86.5 million, or 39 cents per share, in the period.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $14 million, or 7 cents per share.
The real estate investment trust posted revenue of $180.3 million in the period.
Washington Prime Group expects full-year funds from operations to be $1.48 per share.
The company's shares have declined 16 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $5.95, a decrease of 34 percent in the last 12 months.
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