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Washington Prime Group (Washington Prime Group) ROE % : -81.92% (As of Jun. 2021)


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What is Washington Prime Group ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Washington Prime Group's annualized net income for the quarter that ended in Jun. 2021 was $-408.04 Mil. Washington Prime Group's average Total Stockholders Equity over the quarter that ended in Jun. 2021 was $498.07 Mil. Therefore, Washington Prime Group's annualized ROE % for the quarter that ended in Jun. 2021 was -81.92%.

The historical rank and industry rank for Washington Prime Group's ROE % or its related term are showing as below:

WPGIQ.PFD' s ROE % Range Over the Past 10 Years
Min: -55.09   Med: 6.09   Max: 16.69
Current: -55.09

During the past 9 years, Washington Prime Group's highest ROE % was 16.69%. The lowest was -55.09%. And the median was 6.09%.

WPGIQ.PFD's ROE % is not ranked
in the REITs industry.
Industry Median: 4.2 vs WPGIQ.PFD: -55.09

Washington Prime Group ROE % Historical Data

The historical data trend for Washington Prime Group's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Washington Prime Group ROE % Chart

Washington Prime Group Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
ROE %
Get a 7-Day Free Trial Premium Member Only 5.81 17.97 8.92 0.48 -32.90

Washington Prime Group Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -43.30 -24.15 -72.75 -38.15 -81.92

Competitive Comparison of Washington Prime Group's ROE %

For the REIT - Retail subindustry, Washington Prime Group's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Washington Prime Group's ROE % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Washington Prime Group's ROE % distribution charts can be found below:

* The bar in red indicates where Washington Prime Group's ROE % falls into.



Washington Prime Group ROE % Calculation

Washington Prime Group's annualized ROE % for the fiscal year that ended in Dec. 2020 is calculated as

ROE %=Net Income (A: Dec. 2020 )/( (Total Stockholders Equity (A: Dec. 2019 )+Total Stockholders Equity (A: Dec. 2020 ))/ count )
=-219.786/( (796.349+539.85)/ 2 )
=-219.786/668.0995
=-32.90 %

Washington Prime Group's annualized ROE % for the quarter that ended in Jun. 2021 is calculated as

ROE %=Net Income (Q: Jun. 2021 )/( (Total Stockholders Equity (Q: Mar. 2021 )+Total Stockholders Equity (Q: Jun. 2021 ))/ count )
=-408.04/( (547.801+448.347)/ 2 )
=-408.04/498.074
=-81.92 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Jun. 2021) net income data. ROE % is displayed in the 30-year financial page.


Washington Prime Group  (OTCPK:WPGIQ.PFD) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Jun. 2021 )
=Net Income/Total Stockholders Equity
=-408.04/498.074
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-408.04 / 553.588)*(553.588 / 4030.2045)*(4030.2045 / 498.074)
=Net Margin %*Asset Turnover*Equity Multiplier
=-73.71 %*0.1374*8.0916
=ROA %*Equity Multiplier
=-10.13 %*8.0916
=-81.92 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Jun. 2021 )
=Net Income/Total Stockholders Equity
=-408.04/498.074
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-408.04 / -411.448) * (-411.448 / 51.924) * (51.924 / 553.588) * (553.588 / 4030.2045) * (4030.2045 / 498.074)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.9917 * -7.924 * 9.38 % * 0.1374 * 8.0916
=-81.92 %

Note: The net income data used here is four times the quarterly (Jun. 2021) net income data. The Revenue data used here is four times the quarterly (Jun. 2021) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Washington Prime Group ROE % Related Terms

Thank you for viewing the detailed overview of Washington Prime Group's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Washington Prime Group (Washington Prime Group) Business Description

Traded in Other Exchanges
N/A
Address
180 East Broad Street, Columbus, OH, USA, 43215
Washington Prime Group Inc is a self-managed real estate investment trust that invests in, manages, and develops retail properties. The company's portfolio consists of community shopping centres and malls across the United States, with most properties located in Texas, Ohio, Indiana, Illinois, and Florida. It generates the majority of revenue from leasing properties to tenants, which include department stores, restaurants, homeware and furniture stores, entertainment venues, general retailers, and cosmetic stores.
Executives
Stephan Gerber officer: Senior VP, Property Mgmt. C/O WASHINGTON PRIME GROUP INC., 180 EAST BROAD STREET, COLUMBUS OH 43215
Joshua Lindimore officer: Senior VP, Head of Leasing C/O WASHINGTON PRIME GROUP, 180 EAST BROAD STREET, COLUMBUS OH 43215
Armand Mastropietro officer: Exec VP, Property Management C/O GLIMCHER REALTY TRUST, 180 EAST BROAD STREET, COLUMBUS OH 43215
Paul S Ajdaharian officer: Exec VP, Head of Open Air Ctrs C/O WASHINGTON PRIME GROUP INC., 180 EAST BROAD STREET, COLUMBUS OH 43215
Gregory E Zimmerman officer: Exec VP, Development 909 WALNUT, SUITE 200, KANSAS CITY MO 64106
J. Taggart Birge director C/O WASHINGTON PRIME GROUP INC., 180 EAST BROAD STREET, COLUMBUS OH 43215
Von Blucher Sheryl G. director C/O WASHINGTON PRIME GROUP INC., 180 EAST BROAD STREET, COLUMBUS OH 43215
John F Levy director C/O WASHINGTON PRIME GROUP INC., 180 EAST BROAD STREET, COLUMBUS OH 43215
John J Dillon director C/O WASHINGTON PRIME GROUP INC., 180 EAST BROAD STREET, COLUMBUS OH 43215
Gregory A Gorospe officer: EVP, General Counsel,Secretary 180 EAST BROAD STREET, COLUMBUS OH 43215
Farinaz S Tehrani officer: EVP, Legal & Compliance 180 EAST BROAD STREET, COLUMBUS OH 43215
Michael P Glimcher director, officer: Vice Chairman and CEO C/O GLIMCHER REALTY TRUST, 180 EAST BROAD STREET, COLUMBUS OH 43215
Mark Edward Yale officer: EVP, CFO C/O WASHINGTON PRIME GROUP INC., 180 EAST BROAD STREET, COLUMBUS OH 43215
Melissa A. Indest officer: CAO and SVP,Finance C/O WASHINGTON PRIME GROUP INC., 180 EAST BROAD STREET, COLUMBUS OH 43215
Niles C Overly director 180 EAST BROAD STREET, COLUMBUS OH 43215

Washington Prime Group (Washington Prime Group) Headlines

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