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Mortgage DebtMortgage Debt (1)!Condensed Notes to Unaudite (2)Fair Value of Debt!Cash Flow Hedges of Interest Ra!Condensed Notes to Unaudite (3)!Condensed Notes to Unaudite (4)!Condensed Notes to Unaudite (5)!Condensed Notes to Unaudite (6)!Condensed Notes to Unaudite (7)!Condensed Notes to Unaudite (8)!Condensed Notes to Unaudite (9)Lease Commitments!Condensed Notes to Unaudit (10)!WPG LP Loss Earnings Per CommonOutparcel SalePortfolio DataMortgage Debt (2)Mortgage Debt (3)Unsecured DebtSummary of FinancingContractual ObligationsContractual Obligations (1)!Annual LongTerm Incentive AwardCapital ExpendituresNonGAAP Financial Measures NonGAAP Financial Measures (1)Item 6 ExhibitsTSRTSR Percentile RankTSR Percentile Rank (1)
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#Washington Prime Group Inc.10Q
04/25/2019"Indiana (Both Registrants) 1
)Washington Prime Group Inc. (Check One) :
6
.Large accelerated filer x Acceleratedfiler o6.Nonaccelerated filer o Smaller reporting
company o!Emerging growth company o5(Do not check if a smaller reporting company)2*Washington Prime Group, L.P. (Check One) :6.Large accelerated filer o Acceleratedfiler o6.Nonaccelerated filer x Smaller reporting company o!Emerging growth company o5(Do not check if a smaller reporting company)$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/<7ui]Q5zV]0b=PF0*8X>
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Mortgage DebtMortgage Debt (1)!Condensed Notes to Unaudite (2)Fair Value of Debt!Cash Flow Hedges of Interest Ra!Condensed Notes to Unaudite (3)!Condensed Notes to Unaudite (4)!Condensed Notes to Unaudite (5)!Condensed Notes to Unaudite (6)!Condensed Notes to Unaudite (7)!Condensed Notes to Unaudite (8)!Condensed Notes to Unaudite (9)Lease Commitments!Condensed Notes to Unaudit (10)!WPG LP Loss Earnings Per CommonOutparcel SalePortfolio DataMortgage Debt (2)Mortgage Debt (3)Unsecured DebtSummary of FinancingContractual ObligationsContractual Obligations (1)!Annual LongTerm Incentive AwardCapital ExpendituresNonGAAP Financial Measures NonGAAP Financial Measures (1)Item 6 ExhibitsTSRTSR Percentile RankTSR Percentile Rank (1)
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#Washington Prime Group Inc.10Q
04/25/2019
SIGNATURES
PART I:
FINANCIAL INFORMATION
PAGEItem 1.5Consolidated Financial Statements (unaudited)
1)Financial Statements for Washington PrimeGroup Inc.:/'Consolidated Balance Sheets as of March~
&31, 2019 and December 31, 2018%Consolidated Statements of Operations~
/'and Comprehensive (Loss) Income for the2*three months ended March 31, 2019 and 2018%Consolidated Statements of Cash Flows~
1)for the three months ended March 31, 2019and 2018%Consolidated Statements of Equity for~
1)the three months ended March 31, 2019 and~
Dlyma=}YxBR.^ !"#$%&'()*+,./0123456789:;<=>? 1 )Financial Statements for Washington Prime !!Group, L.P.:"""#/#'Consolidated Balance Sheets as of March~
#&$&$31, 2019 and December 31, 2018%%%&&%Consolidated Statements of Operations~
&*'/''and Comprehensive (Loss) Income for the(2(*three months ended March 31, 2019 and 2018)))**%Consolidated Statements of Cash Flows~
*.+1+)for the three months ended March 31, 2019,,and 2018..%Consolidated Statements of Equity for~
.2/1/)the three months ended March 31, 2019 and0~
0111212)Condensed Notes to Consolidated Financial~
2633
Statements4445Item 2.,5$Management's Discussion and Analysis~
5z6860of Financial Condition and Results of Operations7778Item 3.08(Quantitative and Qualitative Disclosures~
899About Market Risk:::;Item 4.;Controls and Procedures~
;<<<=PART II:=OTHER INFORMATION=>>>?Item 1.?Legal Proceedings~
?DA lky:H(x^:TjF@ABCDEFGHIJKLMNOPQRS@@@AItem 1A.ARisk Factors~
ABBBCItem 2./C'Unregistered Sales of Equity Securities~
CDDand Use of ProceedsEEEFItem 3.'FDefaults Upon Senior Securities~
FGGGHItem 4.HMine Safety Disclosures~
HIIIJItem 5.JOther Information~
JKKKLItem 6.LExhibits~
LMMMN
SIGNATURES~
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Mortgage DebtMortgage Debt (1)!Condensed Notes to Unaudite (2)Fair Value of Debt!Cash Flow Hedges of Interest Ra!Condensed Notes to Unaudite (3)!Condensed Notes to Unaudite (4)!Condensed Notes to Unaudite (5)!Condensed Notes to Unaudite (6)!Condensed Notes to Unaudite (7)!Condensed Notes to Unaudite (8)!Condensed Notes to Unaudite (9)Lease Commitments!Condensed Notes to Unaudit (10)!WPG LP Loss Earnings Per CommonOutparcel SalePortfolio DataMortgage Debt (2)Mortgage Debt (3)Unsecured DebtSummary of FinancingContractual ObligationsContractual Obligations (1)!Annual LongTerm Incentive AwardCapital ExpendituresNonGAAP Financial Measures NonGAAP Financial Measures (1)Item 6 ExhibitsTSRTSR Percentile RankTSR Percentile Rank (1)
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#Washington Prime Group Inc.10Q
04/25/2019
Balance Sheet
March 31, 2019
December 31, 2018ASSETS:%Investment properties at cost~
f+j~
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Less: accumulated depreciation
~
v
~
c
~
~
v!Cash and cash equivalents~
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)!Revolving credit facility~
~
t80Accounts payable, accrued expenses, intangibles,~
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.~
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~
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! " # $ % & ' ( ) * + ,  . / 0 1 2 3 4 5 6 7 8 9 : ; < Total liabilities ~
z ~
b +!#Redeemable noncontrolling interests!~
!3!!~
!3!"EQUITY:""""#Stockholders' Equity:####0$(Series H Cumulative Redeemable Preferred$~
$\$$~
$\$2%*Stock, $0.0001 par value, 4,000,000 shares3&+issued and outstanding as of March 31, 2019'and December 31, 20180((Series I Cumulative Redeemable Preferred(~
(V((~
(V(2)*Stock, $0.0001 par value, 3,800,000 shares3*+issued and outstanding as of March 31, 2019+and December 31, 20184,,Common stock, $0.0001 par value, 350,000,000,~
,N,,~
,N,shares authorized;..&186,493,797 and 186,074,461 issued and5/outstanding as of March 31, 2019 and December031, 2018, respectively&1Capital in excess of par value1~
1JCL11~
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222~
22.3&Accumulated other comprehensive income3~
3 33~
3d3"4Total stockholders' equity4~
4R944~
4z=4 5Noncontrolling interests5~
5l55~
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6B66~
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Mortgage DebtMortgage Debt (1)!Condensed Notes to Unaudite (2)Fair Value of Debt!Cash Flow Hedges of Interest Ra!Condensed Notes to Unaudite (3)!Condensed Notes to Unaudite (4)!Condensed Notes to Unaudite (5)!Condensed Notes to Unaudite (6)!Condensed Notes to Unaudite (7)!Condensed Notes to Unaudite (8)!Condensed Notes to Unaudite (9)Lease Commitments!Condensed Notes to Unaudit (10)!WPG LP Loss Earnings Per CommonOutparcel SalePortfolio DataMortgage Debt (2)Mortgage Debt (3)Unsecured DebtSummary of FinancingContractual ObligationsContractual Obligations (1)!Annual LongTerm Incentive AwardCapital ExpendituresNonGAAP Financial Measures NonGAAP Financial Measures (1)Item 6 ExhibitsTSRTSR Percentile RankTSR Percentile Rank (1)
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#Washington Prime Group Inc.10Q
04/25/2019Income Statement
,
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SIGNATURES
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Mortgage DebtMortgage Debt (1)!Condensed Notes to Unaudite (2)Fair Value of Debt!Cash Flow Hedges of Interest Ra!Condensed Notes to Unaudite (3)!Condensed Notes to Unaudite (4)!Condensed Notes to Unaudite (5)!Condensed Notes to Unaudite (6)!Condensed Notes to Unaudite (7)!Condensed Notes to Unaudite (8)!Condensed Notes to Unaudite (9)Lease Commitments!Condensed Notes to Unaudit (10)!WPG LP Loss Earnings Per CommonOutparcel SalePortfolio DataMortgage Debt (2)Mortgage Debt (3)Unsecured DebtSummary of FinancingContractual ObligationsContractual Obligations (1)!Annual LongTerm Incentive AwardCapital ExpendituresNonGAAP Financial Measures NonGAAP Financial Measures (1)Item 6 ExhibitsTSRTSR Percentile RankTSR Percentile Rank (1)
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#Washington Prime Group Inc.10Q
04/25/2019
Cash Flows
,
$For the Three Months Ended March 31,~
~
%CASH FLOWS FROM OPERATING ACTIVITIES:
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~
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)))~
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4.,Net proceeds from issuance of common shares,~
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6266~
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SIGNATURES
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Mortgage DebtMortgage Debt (1)!Condensed Notes to Unaudite (2)Fair Value of Debt!Cash Flow Hedges of Interest Ra!Condensed Notes to Unaudite (3)!Condensed Notes to Unaudite (4)!Condensed Notes to Unaudite (5)!Condensed Notes to Unaudite (6)!Condensed Notes to Unaudite (7)!Condensed Notes to Unaudite (8)!Condensed Notes to Unaudite (9)Lease Commitments!Condensed Notes to Unaudit (10)!WPG LP Loss Earnings Per CommonOutparcel SalePortfolio DataMortgage Debt (2)Mortgage Debt (3)Unsecured DebtSummary of FinancingContractual ObligationsContractual Obligations (1)!Annual LongTerm Incentive AwardCapital ExpendituresNonGAAP Financial Measures NonGAAP Financial Measures (1)Item 6 ExhibitsTSRTSR Percentile RankTSR Percentile Rank (1)
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)))))))))))))))))#Washington Prime Group Inc.10Q
04/25/20193+Unaudited Consolidated Statements of Equity
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))))))))))))))))))#Washington Prime Group Inc.10Q
04/25/20193+Unaudited Consolidated Statements of Equity
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8
#Washington Prime Group Inc.10Q
04/25/2019
Balance Sheet
March 31, 2019
December 31, 2018ASSETS:%Investment properties at cost~
f+j~
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~
v
~
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04/25/2019
Cash Flows
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04/25/20193+Unaudited Consolidated Statements of Equity
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04/25/2019
Balance Sheet
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04/25/20192019 Dispositions
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04/25/2019RJCondensed Notes to Unaudited Consolidated Financial Statements (Continued)
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04/25/2019
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04/25/2019
Mortgage Debt $
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04/25/2019RJCondensed Notes to Unaudited Consolidated Financial Statements (Continued)
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04/25/2019RJCondensed Notes to Unaudited Consolidated Financial Statements (Continued)
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04/25/2019RJCondensed Notes to Unaudited Consolidated Financial Statements (Continued) 2
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04/25/2019RJCondensed Notes to Unaudited Consolidated Financial Statements (Continued)
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04/25/2019RJCondensed Notes to Unaudited Consolidated Financial Statements (Continued)
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04/25/2019RJCondensed Notes to Unaudited Consolidated Financial Statements (Continued)
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04/25/2019RJCondensed Notes to Unaudited Consolidated Financial Statements (Continued)
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04/25/2019RJCondensed Notes to Unaudited Consolidated Financial Statements (Continued)
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SIGNATURES
Balance SheetIncome Statement
Cash Flows!Unaudited Consolidated Statemen!Unaudited Consolidated Stat (1)Balance Sheet (1)Income Statement (1)Cash Flows (1)!Unaudited Consolidated Stat (2)!Unaudited Consolidated Stat (3)Balance Sheet (2)!Reconciliation of Cash Cash Equ2019 Dispositions!Condensed Notes to Unaudited Co!Condensed Notes to Unaudite (1)
Mortgage DebtMortgage Debt (1)!Condensed Notes to Unaudite (2)Fair Value of Debt!Cash Flow Hedges of Interest Ra!Condensed Notes to Unaudite (3)!Condensed Notes to Unaudite (4)!Condensed Notes to Unaudite (5)!Condensed Notes to Unaudite (6)!Condensed Notes to Unaudite (7)!Condensed Notes to Unaudite (8)!Condensed Notes to Unaudite (9)Lease Commitments!Condensed Notes to Unaudit (10)!WPG LP Loss Earnings Per CommonOutparcel SaleMortgage Debt (2)Mortgage Debt (3)Unsecured DebtSummary of FinancingContractual ObligationsContractual Obligations (1)!Annual LongTerm Incentive AwardCapital ExpendituresNonGAAP Financial Measures NonGAAP Financial Measures (1)Item 6 ExhibitsTSRTSR Percentile RankTSR Percentile Rank (1)
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#Washington Prime Group Inc.10Q
04/25/2019Portfolio Data
March 31, 2019
March 31, 2018
% ChangeEnding occupancy (1)
93.3%
93.7%(0.4)%1)Average base minimum rent per square foot5@5@(0.5)%~
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Balance SheetIncome Statement
Cash Flows!Unaudited Consolidated Statemen!Unaudited Consolidated Stat (1)Balance Sheet (1)Income Statement (1)Cash Flows (1)!Unaudited Consolidated Stat (2)!Unaudited Consolidated Stat (3)Balance Sheet (2)!Reconciliation of Cash Cash Equ2019 Dispositions!Condensed Notes to Unaudited Co!Condensed Notes to Unaudite (1)
Mortgage DebtMortgage Debt (1)!Condensed Notes to Unaudite (2)Fair Value of Debt!Cash Flow Hedges of Interest Ra!Condensed Notes to Unaudite (3)!Condensed Notes to Unaudite (4)!Condensed Notes to Unaudite (5)!Condensed Notes to Unaudite (6)!Condensed Notes to Unaudite (7)!Condensed Notes to Unaudite (8)!Condensed Notes to Unaudite (9)Lease Commitments!Condensed Notes to Unaudit (10)!WPG LP Loss Earnings Per CommonOutparcel SalePortfolio DataMortgage Debt (3)Unsecured DebtSummary of FinancingContractual ObligationsContractual Obligations (1)!Annual LongTerm Incentive AwardCapital ExpendituresNonGAAP Financial Measures NonGAAP Financial Measures (1)Item 6 ExhibitsTSRTSR Percentile RankTSR Percentile Rank (1)
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#Washington Prime Group Inc.10Q
04/25/2019
Mortgage Debt
March 31,
December 31,~
~
%Face amount of mortgage loans~
;~
;#
Fair value adjustments, net
~
Q
~
Z
Debt issuance cost, net~
~
( Carrying value of mortgage loans~
;~
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Balance SheetIncome Statement
Cash Flows!Unaudited Consolidated Statemen!Unaudited Consolidated Stat (1)Balance Sheet (1)Income Statement (1)Cash Flows (1)!Unaudited Consolidated Stat (2)!Unaudited Consolidated Stat (3)Balance Sheet (2)!Reconciliation of Cash Cash Equ2019 Dispositions!Condensed Notes to Unaudited Co!Condensed Notes to Unaudite (1)
Mortgage DebtMortgage Debt (1)!Condensed Notes to Unaudite (2)Fair Value of Debt!Cash Flow Hedges of Interest Ra!Condensed Notes to Unaudite (3)!Condensed Notes to Unaudite (4)!Condensed Notes to Unaudite (5)!Condensed Notes to Unaudite (6)!Condensed Notes to Unaudite (7)!Condensed Notes to Unaudite (8)!Condensed Notes to Unaudite (9)Lease Commitments!Condensed Notes to Unaudit (10)!WPG LP Loss Earnings Per CommonOutparcel SalePortfolio DataMortgage Debt (2)Unsecured DebtSummary of FinancingContractual ObligationsContractual Obligations (1)!Annual LongTerm Incentive AwardCapital ExpendituresNonGAAP Financial Measures NonGAAP Financial Measures (1)Item 6 ExhibitsTSRTSR Percentile RankTSR Percentile Rank (1)
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04/25/2019
Mortgage Debt $
Balance at December 31, 2018~
<
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J80Amortization of fair value and other adjustments~
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#Amortization of debt issuance costs~
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!Balance at March 31, 2019~
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Cash Flows!Unaudited Consolidated Statemen!Unaudited Consolidated Stat (1)Balance Sheet (1)Income Statement (1)Cash Flows (1)!Unaudited Consolidated Stat (2)!Unaudited Consolidated Stat (3)Balance Sheet (2)!Reconciliation of Cash Cash Equ2019 Dispositions!Condensed Notes to Unaudited Co!Condensed Notes to Unaudite (1)
Mortgage DebtMortgage Debt (1)!Condensed Notes to Unaudite (2)Fair Value of Debt!Cash Flow Hedges of Interest Ra!Condensed Notes to Unaudite (3)!Condensed Notes to Unaudite (4)!Condensed Notes to Unaudite (5)!Condensed Notes to Unaudite (6)!Condensed Notes to Unaudite (7)!Condensed Notes to Unaudite (8)!Condensed Notes to Unaudite (9)Lease Commitments!Condensed Notes to Unaudit (10)!WPG LP Loss Earnings Per CommonOutparcel SalePortfolio DataMortgage Debt (2)Mortgage Debt (3)Summary of FinancingContractual ObligationsContractual Obligations (1)!Annual LongTerm Incentive AwardCapital ExpendituresNonGAAP Financial Measures NonGAAP Financial Measures (1)Item 6 ExhibitsTSRTSR Percentile RankTSR Percentile Rank (1)
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#Washington Prime Group Inc.10Q
04/25/2019Unsecured Debt
March 31,
December 31,~
~
Notes payable:,
$Face amount  the Exchange Notes (1)
~
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~
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/'Face amount  Senior Notes due 2024 (2)~
~
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~
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~
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Cash Flows!Unaudited Consolidated Statemen!Unaudited Consolidated Stat (1)Balance Sheet (1)Income Statement (1)Cash Flows (1)!Unaudited Consolidated Stat (2)!Unaudited Consolidated Stat (3)Balance Sheet (2)!Reconciliation of Cash Cash Equ2019 Dispositions!Condensed Notes to Unaudited Co!Condensed Notes to Unaudite (1)
Mortgage DebtMortgage Debt (1)!Condensed Notes to Unaudite (2)Fair Value of Debt!Cash Flow Hedges of Interest Ra!Condensed Notes to Unaudite (3)!Condensed Notes to Unaudite (4)!Condensed Notes to Unaudite (5)!Condensed Notes to Unaudite (6)!Condensed Notes to Unaudite (7)!Condensed Notes to Unaudite (8)!Condensed Notes to Unaudite (9)Lease Commitments!Condensed Notes to Unaudit (10)!WPG LP Loss Earnings Per CommonOutparcel SalePortfolio DataMortgage Debt (2)Mortgage Debt (3)Unsecured DebtContractual ObligationsContractual Obligations (1)!Annual LongTerm Incentive AwardCapital ExpendituresNonGAAP Financial Measures NonGAAP Financial Measures (1)Item 6 ExhibitsTSRTSR Percentile RankTSR Percentile Rank (1)
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#Washington Prime Group Inc.10Q
04/25/2019Summary of Financing
March 31, 2019
Weighted
December 31, 2018
WeightedAverage
Average
Interest Rate
Interest Rate(
Fixedrate debt, face amount (1)
~
:
Q@
%
~
p=
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Q@ %~
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(\@ %!Total face amount of debt~
ȷ@ %~
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zn~
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#Fair value adjustments, net~
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Balance SheetIncome Statement
Cash Flows!Unaudited Consolidated Statemen!Unaudited Consolidated Stat (1)Balance Sheet (1)Income Statement (1)Cash Flows (1)!Unaudited Consolidated Stat (2)!Unaudited Consolidated Stat (3)Balance Sheet (2)!Reconciliation of Cash Cash Equ2019 Dispositions!Condensed Notes to Unaudited Co!Condensed Notes to Unaudite (1)
Mortgage DebtMortgage Debt (1)!Condensed Notes to Unaudite (2)Fair Value of Debt!Cash Flow Hedges of Interest Ra!Condensed Notes to Unaudite (3)!Condensed Notes to Unaudite (4)!Condensed Notes to Unaudite (5)!Condensed Notes to Unaudite (6)!Condensed Notes to Unaudite (7)!Condensed Notes to Unaudite (8)!Condensed Notes to Unaudite (9)Lease Commitments!Condensed Notes to Unaudit (10)!WPG LP Loss Earnings Per CommonOutparcel SalePortfolio DataMortgage Debt (2)Mortgage Debt (3)Unsecured DebtSummary of FinancingContractual Obligations (1)!Annual LongTerm Incentive AwardCapital ExpendituresNonGAAP Financial Measures NonGAAP Financial Measures (1)Item 6 ExhibitsTSRTSR Percentile RankTSR Percentile Rank (1)
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04/25/2019Contractual Obligations
~
2020  2021
2022  2023
Thereafter
TotalLong term debt (1)~
~
&( ~
"K
~
&c@~
ȷInterest payments (2)~
"~
^ ~
~
~
~#
Distributions (3)
~
7



~
7
( Ground rent/operating leases (4)~
~
NF ~
28
~
N~
'Purchase/tenant obligations (5)~
9 

~
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Balance SheetIncome Statement
Cash Flows!Unaudited Consolidated Statemen!Unaudited Consolidated Stat (1)Balance Sheet (1)Income Statement (1)Cash Flows (1)!Unaudited Consolidated Stat (2)!Unaudited Consolidated Stat (3)Balance Sheet (2)!Reconciliation of Cash Cash Equ2019 Dispositions!Condensed Notes to Unaudited Co!Condensed Notes to Unaudite (1)
Mortgage DebtMortgage Debt (1)!Condensed Notes to Unaudite (2)Fair Value of Debt!Cash Flow Hedges of Interest Ra!Condensed Notes to Unaudite (3)!Condensed Notes to Unaudite (4)!Condensed Notes to Unaudite (5)!Condensed Notes to Unaudite (6)!Condensed Notes to Unaudite (7)!Condensed Notes to Unaudite (8)!Condensed Notes to Unaudite (9)Lease Commitments!Condensed Notes to Unaudit (10)!WPG LP Loss Earnings Per CommonOutparcel SalePortfolio DataMortgage Debt (2)Mortgage Debt (3)Unsecured DebtSummary of FinancingContractual Obligations!Annual LongTerm Incentive AwardCapital ExpendituresNonGAAP Financial Measures NonGAAP Financial Measures (1)Item 6 ExhibitsTSRTSR Percentile RankTSR Percentile Rank (1)
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04/25/2019Contractual Obligations
~
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2022  2023
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TotalLong term debt (1)~
V'~
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Balance SheetIncome Statement
Cash Flows!Unaudited Consolidated Statemen!Unaudited Consolidated Stat (1)Balance Sheet (1)Income Statement (1)Cash Flows (1)!Unaudited Consolidated Stat (2)!Unaudited Consolidated Stat (3)Balance Sheet (2)!Reconciliation of Cash Cash Equ2019 Dispositions!Condensed Notes to Unaudited Co!Condensed Notes to Unaudite (1)
Mortgage DebtMortgage Debt (1)!Condensed Notes to Unaudite (2)Fair Value of Debt!Cash Flow Hedges of Interest Ra!Condensed Notes to Unaudite (3)!Condensed Notes to Unaudite (4)!Condensed Notes to Unaudite (5)!Condensed Notes to Unaudite (6)!Condensed Notes to Unaudite (7)!Condensed Notes to Unaudite (8)!Condensed Notes to Unaudite (9)Lease Commitments!Condensed Notes to Unaudit (10)!WPG LP Loss Earnings Per CommonOutparcel SalePortfolio DataMortgage Debt (2)Mortgage Debt (3)Unsecured DebtSummary of FinancingContractual ObligationsContractual Obligations (1)Capital ExpendituresNonGAAP Financial Measures NonGAAP Financial Measures (1)Item 6 ExhibitsTSRTSR Percentile RankTSR Percentile Rank (1)
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#Washington Prime Group Inc.10Q
04/25/2019)!Annual LongTerm Incentive Awards
.
&2019 Annual LongTerm Incentive Awards
.
&2018 Annual LongTerm Incentive Awards
Grant DateFebruary 20, 2019February 20, 2018
RSUs issued
~
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~
#&Grant date fair value per unitGz@ffffff@PSUs issued~
"~
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Cash Flows!Unaudited Consolidated Statemen!Unaudited Consolidated Stat (1)Balance Sheet (1)Income Statement (1)Cash Flows (1)!Unaudited Consolidated Stat (2)!Unaudited Consolidated Stat (3)Balance Sheet (2)!Reconciliation of Cash Cash Equ2019 Dispositions!Condensed Notes to Unaudited Co!Condensed Notes to Unaudite (1)
Mortgage DebtMortgage Debt (1)!Condensed Notes to Unaudite (2)Fair Value of Debt!Cash Flow Hedges of Interest Ra!Condensed Notes to Unaudite (3)!Condensed Notes to Unaudite (4)!Condensed Notes to Unaudite (5)!Condensed Notes to Unaudite (6)!Condensed Notes to Unaudite (7)!Condensed Notes to Unaudite (8)!Condensed Notes to Unaudite (9)Lease Commitments!Condensed Notes to Unaudit (10)!WPG LP Loss Earnings Per CommonOutparcel SalePortfolio DataMortgage Debt (2)Mortgage Debt (3)Unsecured DebtSummary of FinancingContractual ObligationsContractual Obligations (1)!Annual LongTerm Incentive AwardNonGAAP Financial Measures NonGAAP Financial Measures (1)Item 6 ExhibitsTSRTSR Percentile RankTSR Percentile Rank (1)
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04/25/2019Capital Expenditures %
Redevelopments and expansions
~
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( Operational capital expenditures~
l
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~
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Balance SheetIncome Statement
Cash Flows!Unaudited Consolidated Statemen!Unaudited Consolidated Stat (1)Balance Sheet (1)Income Statement (1)Cash Flows (1)!Unaudited Consolidated Stat (2)!Unaudited Consolidated Stat (3)Balance Sheet (2)!Reconciliation of Cash Cash Equ2019 Dispositions!Condensed Notes to Unaudited Co!Condensed Notes to Unaudite (1)
Mortgage DebtMortgage Debt (1)!Condensed Notes to Unaudite (2)Fair Value of Debt!Cash Flow Hedges of Interest Ra!Condensed Notes to Unaudite (3)!Condensed Notes to Unaudite (4)!Condensed Notes to Unaudite (5)!Condensed Notes to Unaudite (6)!Condensed Notes to Unaudite (7)!Condensed Notes to Unaudite (8)!Condensed Notes to Unaudite (9)Lease Commitments!Condensed Notes to Unaudit (10)!WPG LP Loss Earnings Per CommonOutparcel SalePortfolio DataMortgage Debt (2)Mortgage Debt (3)Unsecured DebtSummary of FinancingContractual ObligationsContractual Obligations (1)!Annual LongTerm Incentive AwardCapital Expenditures NonGAAP Financial Measures (1)Item 6 ExhibitsTSRTSR Percentile RankTSR Percentile Rank (1)
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04/25/2019#NonGAAP Financial Measures
,
$For the Three Months Ended March 31,~
~
Net (loss) income~
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~
B
~
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0(on preferred operating partnership units%Adjustments to Arrive at FFO:2*Real estate depreciation and amortization,~
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G~
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~
u.&Diluted (loss) earnings per share/unitQQ?4,Adjustments to arrive at FFO per share/unit:2*Real estate depreciation and amortization,(\?{Gz?&including joint venture impact7/Gain on disposition of interests in properties,~
~
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Balance SheetIncome Statement
Cash Flows!Unaudited Consolidated Statemen!Unaudited Consolidated Stat (1)Balance Sheet (1)Income Statement (1)Cash Flows (1)!Unaudited Consolidated Stat (2)!Unaudited Consolidated Stat (3)Balance Sheet (2)!Reconciliation of Cash Cash Equ2019 Dispositions!Condensed Notes to Unaudited Co!Condensed Notes to Unaudite (1)
Mortgage DebtMortgage Debt (1)!Condensed Notes to Unaudite (2)Fair Value of Debt!Cash Flow Hedges of Interest Ra!Condensed Notes to Unaudite (3)!Condensed Notes to Unaudite (4)!Condensed Notes to Unaudite (5)!Condensed Notes to Unaudite (6)!Condensed Notes to Unaudite (7)!Condensed Notes to Unaudite (8)!Condensed Notes to Unaudite (9)Lease Commitments!Condensed Notes to Unaudit (10)!WPG LP Loss Earnings Per CommonOutparcel SalePortfolio DataMortgage Debt (2)Mortgage Debt (3)Unsecured DebtSummary of FinancingContractual ObligationsContractual Obligations (1)!Annual LongTerm Incentive AwardCapital ExpendituresNonGAAP Financial MeasuresItem 6 ExhibitsTSRTSR Percentile RankTSR Percentile Rank (1)
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04/25/2019#NonGAAP Financial Measures
,
$For the Three Months Ended March 31,~
~
Net (loss) income~
~
f;2
*Loss (income) from unconsolidated entities
~
~
Income and other taxes~
~
7/Gain on disposition of interests in properties,~
c~
.netInterest expense, net~
z?~
Operating income~
~
%Depreciation and amortization~
*
~
"General and administrative~
~
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Fee income~
~
j!Management fee allocation~
~
.&Prorata share of unconsolidated joint~
~
ventures in comp NOI,$Property allocated corporate expense~
6~
r@/'Noncomparable properties and other (1)~
&~
NOI from sold properties~
~
Termination income~
~
jStraightline rents~
R~
2*Ground lease adjustments for straightline~
~
6D>lth\P\qm\u$ / ! " # $ % & ' ( ) * + and fair market value4!,Fair market value and inducement adjustments!~
!!!~
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#Zt##~
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SIGNATURES
Balance SheetIncome Statement
Cash Flows!Unaudited Consolidated Statemen!Unaudited Consolidated Stat (1)Balance Sheet (1)Income Statement (1)Cash Flows (1)!Unaudited Consolidated Stat (2)!Unaudited Consolidated Stat (3)Balance Sheet (2)!Reconciliation of Cash Cash Equ2019 Dispositions!Condensed Notes to Unaudited Co!Condensed Notes to Unaudite (1)
Mortgage DebtMortgage Debt (1)!Condensed Notes to Unaudite (2)Fair Value of Debt!Cash Flow Hedges of Interest Ra!Condensed Notes to Unaudite (3)!Condensed Notes to Unaudite (4)!Condensed Notes to Unaudite (5)!Condensed Notes to Unaudite (6)!Condensed Notes to Unaudite (7)!Condensed Notes to Unaudite (8)!Condensed Notes to Unaudite (9)Lease Commitments!Condensed Notes to Unaudit (10)!WPG LP Loss Earnings Per CommonOutparcel SalePortfolio DataMortgage Debt (2)Mortgage Debt (3)Unsecured DebtSummary of FinancingContractual ObligationsContractual Obligations (1)!Annual LongTerm Incentive AwardCapital ExpendituresNonGAAP Financial Measures NonGAAP Financial Measures (1)TSRTSR Percentile RankTSR Percentile Rank (1)
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#Washington Prime Group Inc.10Q
04/25/2019Item 6. Exhibits
Exhibit
ExhibitNumberDescriptions
31.1*4,Certification by the Chief Executive Officer
,
$pursuant to rule 13a14(a)/15d14(a)/'of the Securities Exchange Act of 1934,1)as adopted pursuant to Section 302 of the1)SarbanesOxley Act of 2002 for WashingtonPrime Group Inc.
31.2*4,Certification by the Chief Financial Officer,$pursuant to rule 13a14(a)/15d14(a)/'of the Securities Exchange Act of 1934,1)as adopted pursuant to Section 302 of the1)SarbanesOxley Act of 2002 for WashingtonPrime Group Inc.
31.3*4,Certification by the Chief Executive Officer,$pursuant to rule 13a14(a)/15d14(a)/'of the Securities Exchange Act of 1934,1)as adopted pursuant to Section 302 of the1)SarbanesOxley Act of 2002 for WashingtonPrime Group, L.P.
31.4*4,Certification by the Chief Financial Officer,$pursuant to rule 13a14(a)/15d14(a)D]lsg[Cn/<?S !"#$%&'()*+,./0123456789:;<=>? / 'of the Securities Exchange Act of 1934,!1!)as adopted pursuant to Section 302 of the"1")SarbanesOxley Act of 2002 for Washington##Prime Group, L.P.
$32.1*4$,Certification by the Chief Executive Officer%/%'and Chief Financial Officer pursuant to&3&+18 U.S.C. Section 1350, as adopted pursuant'0'(to Section 906 of the SarbanesOxley Act(/('of 2002 for Washington Prime Group Inc.
)32.2*4),Certification by the Chief Executive Officer*/*'and Chief Financial Officer pursuant to+3++18 U.S.C. Section 1350, as adopted pursuant,0,(to Section 906 of the SarbanesOxley Act0(of 2002 for Washington Prime Group, L.P..10.1*+2.*Form Employee Performance Share Unit Award/ /Agreement (2019 Awards).010.2*+10)Form Employee Restricted Stock Unit Award161.Agreement (Employee with Employment Agreement,22
2019 Awards).310.3*+13)Form Employee Restricted Stock Unit Award4.4&Agreement (Employee without Employment5 5Agreement, 2019 Awards).610.4*+6%Employment Agreement, dated August 6,707(2018, effective as of August 3, 2018, by8/8'and between Washington Prime Group Inc.9 9and Joshua P. Lindimore.:101.INS*:XBRL Instance Document;101.SCH*/;'XBRL Taxonomy Extension Schema Document<101.CAL*4<,XBRL Taxonomy Extension Calculation Linkbase==Document>101.LAB*.>&XBRL Taxonomy Extension Label Linkbase??DocumentD
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SIGNATURES
Balance SheetIncome Statement
Cash Flows!Unaudited Consolidated Statemen!Unaudited Consolidated Stat (1)Balance Sheet (1)Income Statement (1)Cash Flows (1)!Unaudited Consolidated Stat (2)!Unaudited Consolidated Stat (3)Balance Sheet (2)!Reconciliation of Cash Cash Equ2019 Dispositions!Condensed Notes to Unaudited Co!Condensed Notes to Unaudite (1)
Mortgage DebtMortgage Debt (1)!Condensed Notes to Unaudite (2)Fair Value of Debt!Cash Flow Hedges of Interest Ra!Condensed Notes to Unaudite (3)!Condensed Notes to Unaudite (4)!Condensed Notes to Unaudite (5)!Condensed Notes to Unaudite (6)!Condensed Notes to Unaudite (7)!Condensed Notes to Unaudite (8)!Condensed Notes to Unaudite (9)Lease Commitments!Condensed Notes to Unaudit (10)!WPG LP Loss Earnings Per CommonOutparcel SalePortfolio DataMortgage Debt (2)Mortgage Debt (3)Unsecured DebtSummary of FinancingContractual ObligationsContractual Obligations (1)!Annual LongTerm Incentive AwardCapital ExpendituresNonGAAP Financial Measures NonGAAP Financial Measures (1)Item 6 ExhibitsTSR Percentile RankTSR Percentile Rank (1)
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#Washington Prime Group Inc.10Q
04/25/2019TSR
WPG 3Year TSR
Vested PSUsPercentile Rank
th Percentile
0%
30 th Percentile
25%40 th Percentile50%50 th Percentile75%60 th Percentile100%70 th Percentile125%80 th Percentile150%$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4thPP =PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??0Indiana Both Registrants
SIGNATURES
Balance SheetIncome Statement
Cash Flows!Unaudited Consolidated Statemen!Unaudited Consolidated Stat (1)Balance Sheet (1)Income Statement (1)Cash Flows (1)!Unaudited Consolidated Stat (2)!Unaudited Consolidated Stat (3)Balance Sheet (2)!Reconciliation of Cash Cash Equ2019 Dispositions!Condensed Notes to Unaudited Co!Condensed Notes to Unaudite (1)
Mortgage DebtMortgage Debt (1)!Condensed Notes to Unaudite (2)Fair Value of Debt!Cash Flow Hedges of Interest Ra!Condensed Notes to Unaudite (3)!Condensed Notes to Unaudite (4)!Condensed Notes to Unaudite (5)!Condensed Notes to Unaudite (6)!Condensed Notes to Unaudite (7)!Condensed Notes to Unaudite (8)!Condensed Notes to Unaudite (9)Lease Commitments!Condensed Notes to Unaudit (10)!WPG LP Loss Earnings Per CommonOutparcel SalePortfolio DataMortgage Debt (2)Mortgage Debt (3)Unsecured DebtSummary of FinancingContractual ObligationsContractual Obligations (1)!Annual LongTerm Incentive AwardCapital ExpendituresNonGAAP Financial Measures NonGAAP Financial Measures (1)Item 6 ExhibitsTSRTSR Percentile Rank (1)
MiscellaneousU }}}
#Washington Prime Group Inc.10Q
04/25/2019TSR Percentile Rank
TSR Percentile Rank =( N  R )
* 100
N
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/*hpdX4yma9=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??0Indiana Both Registrants
SIGNATURES
Balance SheetIncome Statement
Cash Flows!Unaudited Consolidated Statemen!Unaudited Consolidated Stat (1)Balance Sheet (1)Income Statement (1)Cash Flows (1)!Unaudited Consolidated Stat (2)!Unaudited Consolidated Stat (3)Balance Sheet (2)!Reconciliation of Cash Cash Equ2019 Dispositions!Condensed Notes to Unaudited Co!Condensed Notes to Unaudite (1)
Mortgage DebtMortgage Debt (1)!Condensed Notes to Unaudite (2)Fair Value of Debt!Cash Flow Hedges of Interest Ra!Condensed Notes to Unaudite (3)!Condensed Notes to Unaudite (4)!Condensed Notes to Unaudite (5)!Condensed Notes to Unaudite (6)!Condensed Notes to Unaudite (7)!Condensed Notes to Unaudite (8)!Condensed Notes to Unaudite (9)Lease Commitments!Condensed Notes to Unaudit (10)!WPG LP Loss Earnings Per CommonOutparcel SalePortfolio DataMortgage Debt (2)Mortgage Debt (3)Unsecured DebtSummary of FinancingContractual ObligationsContractual Obligations (1)!Annual LongTerm Incentive AwardCapital ExpendituresNonGAAP Financial Measures NonGAAP Financial Measures (1)Item 6 ExhibitsTSRTSR Percentile Rank
MiscellaneousU }}U
#Washington Prime Group Inc.10Q
04/25/2019TSR Percentile Rank
Acadia Realty Trust
Pennsylvania REITBrixmor Property GroupRegency CentersCBL & AssociatesRetail Prop. Of America!
Federal Realty Inv. Trust
Site Centers Corp.Kimco Realty Corp.Taubman CentersKite Realty Group TrustWeingarten Realty$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0pdX@Et=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??0Indiana Both Registrants
SIGNATURES
Balance SheetIncome Statement
Cash Flows!Unaudited Consolidated Statemen!Unaudited Consolidated Stat (1)Balance Sheet (1)Income Statement (1)Cash Flows (1)!Unaudited Consolidated Stat (2)!Unaudited Consolidated Stat (3)Balance Sheet (2)!Reconciliation of Cash Cash Equ2019 Dispositions!Condensed Notes to Unaudited Co!Condensed Notes to Unaudite (1)
Mortgage DebtMortgage Debt (1)!Condensed Notes to Unaudite (2)Fair Value of Debt!Cash Flow Hedges of Interest Ra!Condensed Notes to Unaudite (3)!Condensed Notes to Unaudite (4)!Condensed Notes to Unaudite (5)!Condensed Notes to Unaudite (6)!Condensed Notes to Unaudite (7)!Condensed Notes to Unaudite (8)!Condensed Notes to Unaudite (9)Lease Commitments!Condensed Notes to Unaudit (10)!WPG LP Loss Earnings Per CommonOutparcel SalePortfolio DataMortgage Debt (2)Mortgage Debt (3)Unsecured DebtSummary of FinancingContractual ObligationsContractual Obligations (1)!Annual LongTerm Incentive AwardCapital ExpendituresNonGAAP Financial Measures NonGAAP Financial Measures (1)Item 6 ExhibitsTSRTSR Percentile RankTSR Percentile Rank (1)U }}$ }1
#Washington Prime Group Inc.10Q
04/25/2019
Miscellaneous
If to the Executive:
1
)At the most recent address on file at theCompany.
If to the Company:
#
Washington Prime Group Inc.180 East Broad StreetColumbus, Ohio 43215"Attention: General Counsel$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4Hvj^:8A5)=PF0*8X>
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