⚡️Update: Washington Prime Group ($WPG)⚡️

As new retail looks out onto the horizon, old retail struggles to survive.

We’ve been following the beleaguered Washington Prime Group Inc. ($WPG) for years (see here and here). Our last update indicated that WPG’s tenants are struggling to pay rent, which is making it tough on the mall operator to manage its ~$4b of debt. WPG reported Q4 and FY 2020 ear…