Washington Prime Group (WPG) Lags Q2 FFO and Revenue Estimates
Washington Prime Group (WPG) came out with quarterly funds from operations (FFO) of $0.01 per share, missing the Zacks Consensus Estimate of $0.12 per share. This compares to FFO of $0.27 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an FFO surprise of -91.67%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.24 per share when it actually produced FFO of $0.22, delivering a surprise of -8.33%….