Washington Prime Collects More Rent, but Not Enough

Washington Prime Collects More Rent, but Not Enough

Washington Prime (NYSE: WPG) was hit hard by rent delinquencies this spring. This caused shares of the embattled mid-tier mall real estate investment trust (REIT) -- which had already fallen from double-digit territory as recently as 2016 to less than $4 by the end of 2019 -- to plunge below the $1 mark. Last week, Washington Prime revealed that rent collections improved significantly over the summer.