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Mall Owner Cuts Dividend a Second Time, Temporarily Shutters 44 Shopping Centers

Washington Prime Becomes Second Mall REIT to Cut Dividend in Response to Virus Outbreak
Washington Prime Group's Waterford Lakes Town Center in Orlando, Florida. (CoStar)
Washington Prime Group's Waterford Lakes Town Center in Orlando, Florida. (CoStar)
By Thomas Buchanan
CoStar Research
March 27, 2020 | 10:20 P.M.

Washington Prime Group, a real estate investment trust spun off from Simon Property Group in 2015 that owns and operates 109 shopping centers, announced plans to make another cut to its quarterly dividend.

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