Washington Prime (WPGGQ) 10-Q 5 Aug 15 2015 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Aug. 03, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	WP Glimcher Inc.
Trading Symbol	WPG
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		185,303,382
Amendment Flag	false
Entity Central Index Key	1,594,686
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Non-accelerated Filer
Entity Well-known Seasoned Issuer	No
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2

Unaudited Consolidated Balance

Unaudited Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
ASSETS:
Investment properties at cost	$ 6,833,940	$ 5,292,665
Less: accumulated depreciation	2,225,595	2,113,929
	4,608,345	3,178,736
Cash and cash equivalents	120,790	108,768
Tenant receivables and accrued revenue, net	95,558	69,616
Investment in unconsolidated entities, at equity	478,489	0
Deferred costs and other assets	323,016	170,883
Total assets	5,626,198	3,528,003
LIABILITIES:
Mortgage notes payable	1,953,355	1,435,114
Notes payable	249,933	0
Unsecured term loans	1,000,000	500,000
Revolving credit facility	433,750	413,750
Accounts payable, accrued expenses, intangibles, and deferred revenues	329,597	194,014
Distributions payable	2,992	0
Cash distributions and losses in partnerships and joint ventures, at equity	15,389	15,298
Other liabilities	13,140	11,786
Total liabilities	3,998,156	2,569,962
Redeemable noncontrolling interests	6,148	0
Stockholders' Equity:
Capital in excess of par value	1,218,876	720,921
Accumulated (deficit) earnings	(28,639)	68,114
Accumulated other comprehensive income	3,540	0
Total stockholders' equity	1,396,372	789,051
Noncontrolling interests	225,522	168,990
Total equity	1,621,894	958,041
Total liabilities, redeemable noncontrolling interests and equity	5,626,198	3,528,003
Common Stock [Member]
Stockholders' Equity:
Common stock, $0.0001 par value, 300,000,000 shares authorized, 185,301,820 and 155,162,597 issued and outstanding as of June 30, 2015 and December 31, 2014, respectively	19	16
Total equity	19	16
Series H Preferred Stock [Member]
Stockholders' Equity:
Preferred Shares	104,251	0
Series I Preferred Stock [Member]
Stockholders' Equity:
Preferred Shares	$ 98,325	$ 0

Unaudited Consolidated Balance3

Unaudited Consolidated Balance Sheets (Parentheticals) - $ / shares	Jun. 30, 2015	Dec. 31, 2014
Common Stock [Member]
Common stock, par value (in Dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	300,000,000	300,000,000
Common stock, issued	185,301,820	155,162,597
Common stock, outstanding	185,301,820	155,162,597
Series H Preferred Stock [Member]
Preferred Shares, par value (in Dollars per share)	$ 0.0001	$ 0
Preferred Shares, shares issued	4,000,000	0
Preferred Shares, shares outstanding	4,000,000	0
Series I Preferred Stock [Member]
Preferred Shares, par value (in Dollars per share)	$ 0.0001	$ 0
Preferred Shares, shares issued	3,800,000	0
Preferred Shares, shares outstanding	3,800,000	0

Unaudited Consolidated and Comb

Unaudited Consolidated and Combined Statements of Operations and Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
REVENUE:
Minimum rent	$ 163,633	$ 108,374	$ 326,337	$ 215,011
Overage rent	2,292	1,134	5,555	3,244
Tenant reimbursements	67,423	47,179	136,650	94,347
Other income	4,238	1,488	6,766	3,542
Total revenues	237,586	158,175	475,308	316,144
EXPENSES:
Property operating	42,483	26,219	83,562	52,359
Depreciation and amortization	91,453	47,288	183,637	93,256
Real estate taxes	27,777	18,752	58,342	38,699
Repairs and maintenance	7,846	4,934	17,334	12,084
Advertising and promotion	2,656	1,932	5,343	3,884
Provision for credit losses	883	619	1,581	1,405
General and administrative	12,235	1,865	21,935	1,865
Spin-off costs	0	39,931	0	39,931
Merger and transaction costs	4,903	0	25,713	0
Ground rent and other costs	2,548	1,281	5,296	2,400
Total operating expenses	192,784	142,821	402,743	245,883
OPERATING INCOME	44,802	15,354	72,565	70,261
Interest expense	(38,774)	(22,677)	(75,896)	(36,594)
Income and other taxes	(528)	(66)	(973)	(141)
(Loss) income from unconsolidated entities	(1,703)	402	(1,487)	747
Gain upon acquisition of controlling interests and on sale of interests in properties	5,147	91,268	5,147	91,510
NET INCOME (LOSS)	8,944	84,281	(644)	125,783
Net income (loss) attributable to noncontrolling interests	1,048	14,480	(1,248)	21,590
NET INCOME ATTRIBUTABLE TO THE COMPANY	7,896	69,801	604	104,193
Less: Preferred share dividends	(3,995)	0	(8,973)	0
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS	$ 3,901	$ 69,801	$ (8,369)	$ 104,193
EARNINGS (LOSS) PER COMMON SHARE, BASIC AND DILUTED (in Dollars per share)	$ 0.02	$ 0.45	$ (0.05)	$ 0.67
COMPREHENSIVE INCOME:
Net income (loss)	$ 8,944	$ 84,281	$ (644)	$ 125,783
Unrealized gain on interest rate derivative instruments	4,615	0	4,211	0
Comprehensive income	13,559	84,281	3,567	125,783
Comprehensive income (loss) attributable to noncontrolling interests	1,783	14,480	(577)	21,590
Comprehensive income attributable to common shareholders	$ 11,776	$ 69,801	$ 4,144	$ 104,193

Unaudited Consolidated and Com5

Unaudited Consolidated and Combined Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income	$ (644)	$ 125,783
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization, including fair value rent, fair value debt, deferred financing costs and stock compensation	179,167	93,749
Gain upon acquisition of controlling interests and on sale of interests in properties	(5,147)	(91,510)
Loss on debt extinguishment	0	2,894
Provision for credit losses	1,581	1,405
Equity in loss (income) of unconsolidated entities	1,487	(747)
Distributions of income from unconsolidated entities	70	537
Changes in assets and liabilities:
Tenant receivables and accrued revenue, net	(4,352)	40
Deferred costs and other assets	(12,728)	(12,353)
Accounts payable, accrued expenses, deferred revenues and other liabilities	(23,696)	(5,576)
Net cash provided by operating activities	135,738	114,222
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisitions, net of cash acquired	(956,608)	(154,370)
Capital expenditures, net	(72,551)	(41,454)
Restricted cash reserves for future capital expenditures, net	(5,494)	0
Net proceeds from sale of interests in properties	431,823	4,436
Investments in unconsolidated entities	(4,065)	(2,493)
Distributions of capital from unconsolidated entities	91	1,440
Net cash used in investing activities	(606,804)	(192,441)
CASH FLOWS FROM FINANCING ACTIVITIES:
Distributions to Simon Property Group, Inc., net	0	(1,060,187)
Distributions to noncontrolling interest holders in properties	(8)	(845)
Redemption of preferred shares	(117,384)	0
Net proceeds from issuance of common shares, including common stock plans	1,878	0
Distributions on common and preferred shares/units	(113,695)	0
Proceeds from issuance of debt, net of transaction costs	2,331,669	1,384,370
Repayments of debt including prepayment penalties	(1,619,372)	(177,330)
Net cash provided by financing activities	483,088	146,008
INCREASE IN CASH AND CASH EQUIVALENTS	12,022	67,789
CASH AND CASH EQUIVALENTS, beginning of period	108,768	25,857
CASH AND CASH EQUIVALENTS, end of period	$ 120,790	$ 93,646

Unaudited Consolidated Statemen

Unaudited Consolidated Statement of Equity - 6 months ended Jun. 30, 2015 - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Parent [Member]	Noncontrolling Interest [Member]	Redeemable Noncontrolling Interests [Member]	Series G Preferred Stock [Member]Preferred Stock [Member]	Series H Preferred Stock [Member]Preferred Stock [Member]	Series I Preferred Stock [Member]Preferred Stock [Member]
Balance, December 31, 2014 at Dec. 31, 2014	$ 958,041	$ 16	$ 720,921	$ 68,114	$ 0	$ 789,051	$ 168,990	$ 0	$ 0	$ 0	$ 0
Balance, June 30, 2015 at Jun. 30, 2015	1,621,894	19	1,218,876	(28,639)	3,540	1,396,372	225,522	6,148	0	104,251	98,325
Issuance of shares and units in connection with the Merger	884,480	3	535,035	0	0	854,998	29,482	6,148	117,384	104,251	98,325
Exercise of stock options	2,312	0	2,312	0	0	2,312	0	0	0	0	0
Noncontrolling interest in property	(8)	0	0	0	0	0	(8)	0	0	0	0
Equity-based compensation	5,116	0	5,116	0	0	5,116	0	0	0	0	0
Adjustments to noncontrolling interests	0	0	(44,508)	0	0	(44,508)	44,508	0	0	0	0
Distributions on common shares/units ($0.50 per common share/unit)	(105,147)	0	0	(88,384)	0	(88,384)	(16,763)	0	0	0	0
Distributions declared on preferred shares	(8,973)	0	0	(8,973)	0	(8,973)	0	0	0	0	0
Redemption of preferred shares	(117,384)	0	0	0	0	(117,384)	0	0	(117,384)	0	0
Other comprehensive income	4,211	0	0	0	3,540	3,540	671	0	0	0	0
Net income (loss), excluding $110 of distributions to preferred unitholders	$ (754)	$ 0	$ 0	$ 604	$ 0	$ 604	$ (1,358)	$ 0	$ 0	$ 0	$ 0

Unaudited Consolidated Stateme7

Unaudited Consolidated Statement of Equity (Parentheticals) - $ / shares	Jan. 22, 2015	Jun. 30, 2015
Distributions on common shares/units	$ 0.14	$ 0.50

Note 1 - Organization

Note 1 - Organization	6 Months Ended
	Jun. 30, 2015
Disclosure Text Block [Abstract]
Nature of Operations [Text Block]	1. Organization WP Glimcher Inc. (formerly named Washington Prime Group Inc.) (“WPG” or the “Company”) is an Indiana corporation that operates as a self‑administered and self‑managed real estate investment trust, or REIT, under the Internal Revenue Code of 1986, as amended. REITs will generally not be liable for federal corporate income taxes as long as they continue to distribute not less than 100% of their taxable income and satisfy certain other requirements. Washington Prime Group, L.P. (“WPG L.P.”) is our majority‑owned partnership subsidiary that owns, through its affiliates, all of our real estate properties and other assets. WPG owns, develops and manages retail real estate properties. As of June 30, 2015 , our assets consisted of interests in 121 shopping centers in the United States, consisting of strip centers and malls. WPG was created to hold the strip center business and smaller enclosed malls of Simon Property Group, Inc. (“SPG”) and its subsidiaries. On May 28, 2014, WPG separated from SPG through the distribution of 100% of the outstanding shares of WPG to the SPG shareholders in a tax‑free distribution. Prior to the separation, WPG was a wholly owned subsidiary of SPG. As described in Note 2 - "Basis of Presentation and Principles of Consolidation and Combination," WPG’s results prior to the separation are presented herein on a carve-out basis. Prior to or concurrent with the separation, SPG engaged in certain formation transactions that were designed to consolidate the ownership of its interests in 98 properties (“SPG Businesses”) and distribute such interests to WPG and its operating partnership, WPG L.P. Pursuant to the separation agreement, on May 28, 2014, SPG distributed 100% of the common shares of WPG on a pro rata basis to SPG’s shareholders as of the May 16, 2014 record date. Unless the context otherwise requires, references to “we”, “us” and “our” refer to WPG, WPG L.P. and entities in which WPG (or an affiliate) has a material ownership or financial interest, on a consolidated basis, after giving effect to the transfer of assets and liabilities from SPG as well as to the SPG Businesses prior to the date of the completion of the separation. Before the completion of the separation, SPG Businesses were operated as subsidiaries of SPG, which operates as a REIT. At the time of the separation and distribution, WPG owned a percentage of the outstanding units of partnership interest, or units, of WPG L.P. that was approximately equal to the percentage of outstanding units of partnership interest that SPG owned of Simon Property Group, L.P. (“SPG L.P.”), with the remaining units of WPG L.P. being owned by the limited partners who were also limited partners of SPG L.P. as of the May 16, 2014 record date. The units in WPG L.P. are convertible by their holders for WPG common shares on a one‑for‑one basis or, at WPG’s option, into cash. Before the separation, we had not conducted any business as a separate company and had no material assets or liabilities. The operations of the business transferred to us by SPG on the separation date are presented as if the transferred business was our business for all historical periods described and at the carrying value of such assets and liabilities reflected in SPG’s books and records. Additionally, the financial statements reflect the common shares and units outstanding at the separation date as outstanding for all periods prior to the separation. Prior to the separation, WPG entered into agreements with SPG under which SPG provides various services to us, including accounting, asset management, development, human resources, information technology, leasing, legal, marketing, public reporting and tax. The charges for the services are based on an hourly or per transaction fee arrangement and pass‑through of out‑of‑pocket costs (see Note 10 - "Related Party Transactions"). At the time of the separation, our assets consisted of interests in 98 shopping centers. In addition to the above properties, the combined historical financial statements include an interest in one shopping center held within a joint venture portfolio of properties which was sold on February 28, 2014. We derive our revenues primarily from retail tenant leases, including fixed minimum rent leases, overage and percentage rent leases based on tenants’ sales volumes, offering property operating services to our tenants and others, including energy, waste handling and facility services, and reimbursements from tenants for certain recoverable expenditures such as property operating, real estate taxes, repair and maintenance, and advertising and promotional expenditures. We seek to enhance the performance of our properties and increase our revenues by, among other things, securing leases of anchor and inline tenant spaces, re‑developing or renovating existing properties to increase the leasable square footage, and increasing the productivity of occupied locations through aesthetic upgrades, re‑merchandising and/or changes to the retail use of the space. The Merger On January 15, 2015, the Company acquired Glimcher Realty Trust (“Glimcher”), pursuant to a definitive agreement and plan of merger with Glimcher and certain affiliated parties of each dated September 16, 2014, (the “Merger Agreement”), in a stock and cash transaction valued at approximately $4.2 billion, including the assumption of debt (the “Merger”). Prior to the Merger, Glimcher was a Maryland REIT engaged in the ownership, management, acquisition and development of retail properties, including mixed‑use, open‑air and enclosed regional malls as well as outlet centers. As of December 31, 2014, Glimcher owned material interests in and managed 25 properties with total gross leasable area of approximately 17.2 million square feet, including the two properties sold to SPG concurrent with the Merger as noted below. Prior to the Merger, Glimcher’s common shares were listed on the NYSE under the symbol “GRT.” In the Merger, Glimcher common shareholders received, for each Glimcher common share, $14.02 consisting of $10.40 in cash and 0.1989 of a share of the Company’s common stock valued at $3.62 per Glimcher common share, based on the closing price of the Company’s common stock on the Merger closing date. Approximately 29.9 million shares of WPG common stock were issued to Glimcher shareholders in the Merger. Additionally included in consideration were operating partnership units and preferred stock as noted below. In connection with the closing of the Merger, an indirect subsidiary of WPG was merged into Glimcher’s operating partnership. In the Merger, we acquired 23 shopping centers comprised of approximately 15.8 million square feet of gross leasable area and assumed additional mortgages on 14 properties with a fair value of approximately $1.4 billion. The combined company, which was renamed WP Glimcher Inc. post-Merger upon receiving shareholder approval, is comprised of approximately 68 million square feet of gross leasable area (compared to approximately 53 million square feet for the Company as of December 31, 2014) and has a combined portfolio of 121 properties as of June 30, 2015 . In the Merger, the preferred stock of Glimcher was converted into preferred stock of WPG and each outstanding unit of Glimcher’s operating partnership was converted into 0.7431 of a unit of WPG LP. Further, each outstanding stock option in respect of Glimcher common stock was converted into a WPG option, and certain other Glimcher equity awards were assumed by WPG and converted into equity awards in respect of WPG common shares. Concurrent with the closing of the Merger, Glimcher completed a transaction with SPG under which affiliates of SPG acquired Jersey Gardens in Elizabeth, New Jersey, and University Park Village in Fort Worth, Texas, properties previously owned by affiliates of Glimcher, for an aggregate purchase price of $1.09 billion, including SPG’s assumption of approximately $405.0 million of associated mortgage indebtedness (the “Property Sale”). The cash portion of the Merger consideration was funded by the Property Sale and draws under the Bridge Loan (see Note 6 - "Indebtedness"). During the three and six months ended June 30, 2015 , the Company incurred $4.9 million and $25.7 million of costs in connection with the Merger, respectively, which are included in merger and transaction costs in the consolidated and combined statements of operations and comprehensive income. Additionally, during the year ended December 31, 2014, the Company incurred $8.8 million of costs related to the Merger. On June 1, 2015, the Company announced a management transition plan through which Mark S. Ordan, the Executive Chairman of the Board, will transition to serve as an active non-executive Chairman of the Board and will provide consulting services to the Company under a transition and consulting agreement, effective as of January 1, 2016. Michael P. Glimcher will continue to serve as the Company’s Vice Chairman and Chief Executive Officer. In addition, the Company expects a further reduction in overhead related to its Bethesda, Maryland-based transition operations led by C. Marc Richards, the Company’s Executive Vice President and Chief Administrative Officer, who is anticipated to depart the Company upon substantial completion of integration activities. These management changes are expected to result in severance and related charges for 2015 of up to $8.0 million, consisting of approximately $4.0 million in cash severance and $4.0 million in non-cash stock compensation charges. During the second quarter of 2015, the Company incurred $4.2 million of such severance costs, which are included in the total merger and transaction costs disclosed above. In addition to our headquarters in Columbus, Ohio, the Company will be opening a new leasing, management and operations office in Indianapolis, Indiana in December 2015. On June 1, 2015, the Company completed a joint venture transaction with a third party with respect to the ownership and operation of five of the malls and certain related out-parcels acquired in the Merger (see Note 4 - "Real Estate Acquisitions and Dispositions). See the “Litigation” section of Note 9 - "Commitments and Contingencies" for a discussion of Merger‑related litigation.

Note 2 - Basis of Presentation

Note 2 - Basis of Presentation and Principles of Consolidation and Combination	6 Months Ended
	Jun. 30, 2015
Disclosure Text Block [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	2. Basis of Presentation and Principles of Consolidation and Combination The accompanying consolidated and combined financial statements are prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP"). The consolidated balance sheet as of June 30, 2015 includes the accounts of the Company and WPG L.P., as well as their wholly owned subsidiaries. The accompanying consolidated and combined statements of operations include the consolidated accounts of the Company and the combined accounts of the SPG Businesses. All intercompany transactions have been eliminated in consolidation and combination. Due to the seasonal nature of certain operational activities, the results for the interim period ended June 30, 2015 are not necessarily indicative of the results to be expected for the full year. These consolidated and combined financial statements have been prepared in accordance with the instructions to Form 10-Q and include all of the information and disclosures required by GAAP for interim reporting. Accordingly, they do not include all of the disclosures required by GAAP for complete financial statements. In the opinion of management, the accompanying consolidated and combined financial statements contain all adjustments, consisting of normal recurring accruals, necessary to present fairly the financial position of the Company and its results of operations and cash flows for the interim periods presented. The Company believes that the disclosures made are adequate to prevent the information presented from being misleading. These consolidated and combined unaudited financial statements should be read in conjunction with the audited consolidated and combined financial statements and related notes included in the Company's 2014 Annual Report on Form 10-K. Accounting for the Separation The results presented for the periods ended June 30, 2014 reflect the aggregate operations and changes in cash flows of the SPG Businesses on a carve-out basis for the period from January 1, 2014 through May 27, 2014 and of the Company on a consolidated basis subsequent to May 27, 2014. The accompanying financial statements for the periods prior to the separation are prepared on a carve-out basis from the consolidated financial statements of SPG using the historical results of operations and bases of the assets and liabilities of the transferred businesses and including allocations from SPG. The financial statements were presented on a combined basis prior to the separation as the ownership interests in the SPG Businesses were under common control and ownership of SPG. For accounting and reporting purposes, the historical financial statements of WPG have been restated to include the operating results of the SPG Businesses as if the SPG Businesses had been a part of WPG for all periods presented. The historical financial statements and supplemental schedule of the SPG Businesses have been renamed as WPG. Equity and income have been adjusted retroactively to reflect WPG's ownership interest and the noncontrolling interest holders' interest in the SPG Businesses as of the separation date as if such interests were held for all periods presented in the financial statements. WPG's earnings per common share have been presented for all historical periods as if the number of common shares and units issued in connection with the separation were outstanding during each of the periods presented. For periods presented prior to the separation, our historical combined financial results reflect charges for certain SPG corporate costs and we believe such charges are reasonable; however, such results do not necessarily reflect what our expenses would have been had we been operating as a separate stand-alone public company. These charges are further discussed in Note 10 - "Related Party Transactions". Costs of the services that were charged to us were based on either actual costs incurred or a proportion of costs estimated to be applicable to us. The historical combined financial information presented may therefore not be indicative of the results of operations, financial position or cash flows that would have been obtained if we had been an independent, stand-alone public company during the periods presented prior to the separation or of our future performance as an independent, stand-alone company. For joint venture or mortgaged properties, SPG has a standard management agreement for management, leasing and development activities provided to the properties. Management fees were based upon a percentage of revenues. For any wholly owned property that does not have a management agreement, SPG allocated the proportion of the underlying costs of management, leasing and development, in a manner that is materially consistent with the percentage of revenue-based management fees and/or upon the actual volume of leasing and development activity occurring at the property. In connection with the separation, we incurred $39.9 million of expenses, including investment banking, legal, accounting, tax and other professional fees, which are included in spin-off costs for the three and six months ended June 30, 2014 in the accompanying consolidated and combined statements of operations. General These consolidated and combined financial statements reflect the consolidation of properties that are wholly owned or properties in which we own less than a 100% interest but that we control. Control of a property is demonstrated by, among other factors, our ability to refinance debt and sell the property without the consent of any other partner or owner, and the inability of any other partner or owner to replace us. We also consolidate a variable interest entity, or VIE, when we are determined to be the primary beneficiary. Determination of the primary beneficiary of a VIE is based on whether an entity has (1) the power to direct activities that most significantly impact the economic performance of the VIE and (2) the obligation to absorb losses or the right to receive benefits of the VIE that could potentially be significant to the VIE. Our determination of the primary beneficiary of a VIE considers all relationships between us and the VIE, including management agreements and other contractual arrangements. There have been no changes during 2015 to any of our previous conclusions about whether an entity qualifies as a VIE or whether we are the primary beneficiary of any previously identified VIE. In connection with the Merger, the Company acquired an interest in a VIE in which we are deemed to be the primary beneficiary. Accordingly, we have consolidated the VIE, which consists solely of undeveloped land. To date during 2015, we have not provided financial or other support to a previously identified VIE that we were not previously contractually obligated to provide. Investments in partnerships and joint ventures represent our noncontrolling ownership interests in properties. We account for these investments using the equity method of accounting. We initially record these investments at cost and we subsequently adjust for net equity in income or loss, which we allocate in accordance with the provisions of the applicable partnership or joint venture agreement and cash contributions and distributions, if applicable. The allocation provisions in the partnership or joint venture agreements are not always consistent with the legal ownership interests held by each general or limited partner or joint venture investee primarily due to partner preferences. We separately report investments in joint ventures for which accumulated distributions have exceeded investments in and our share of net income from the joint ventures within cash distributions and losses in partnerships and joint ventures, at equity in the consolidated and combined balance sheets. The net equity of certain joint ventures is less than zero because of financing or operating distributions that are usually greater than net income, as net income includes non-cash charges for depreciation and amortization, and WPG has committed to or intends to fund the venture. As of June 30, 2015 , our assets consisted of interests in 121 shopping centers. The consolidated and combined financial statements as of that date reflect the consolidation of 108 wholly owned properties and seven additional properties that are less than wholly owned, but which we control or for which we are the primary beneficiary. We account for our interests in the remaining six properties, or the joint venture properties, using the equity method of accounting, as we have determined that we have significant influence over their operations. We manage the day-to-day operations of the joint venture properties, but do not control the operations as we have determined that our partner or partners have substantive participating rights with respect to the assets and operations of these joint venture properties. We allocate net operating results of WPG L.P. to third parties and to us based on the partners' respective weighted average ownership interests in WPG L.P. Net operating results of WPG L.P. attributable to third parties are reflected in net income attributable to noncontrolling interests. Our weighted average ownership interest in WPG L.P. was 84.1% and 82.8% for the six months ended June 30, 2015 and 2014 , respectively. As of June 30, 2015 and December 31, 2014, our ownership interest in WPG L.P. was 84.2% and 82.4%, respectively. We adjust the noncontrolling limited partners' interests at the end of each period to reflect their interest in WPG L.P.

Note 3 - Summary of Significant

Note 3 - Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	3. Summary of Significant Accounting Policies Cash and Cash Equivalents We consider all highly liquid investments purchased with an original maturity of 90 days or less to be cash and cash equivalents. Cash equivalents are carried at cost, which approximates fair value. Cash equivalents generally consist of commercial paper, bankers' acceptances, repurchase agreements, and money market deposits or securities. Financial instruments that potentially subject us to concentrations of credit risk include our cash and cash equivalents and our tenant receivables. We place our cash and cash equivalents with institutions with high credit quality. However, at certain times, such cash and cash equivalents may be in excess of FDIC and SIPC insurance limits. Investment Properties We record investment properties at fair value when acquired. Investment properties include costs of acquisitions; development, predevelopment, and construction (including allocable salaries and related benefits); tenant allowances and improvements; and interest and real estate taxes incurred during construction. We capitalize improvements and replacements from repair and maintenance when the repair and maintenance extends the useful life, increases capacity, or improves the efficiency of the asset. All other repair and maintenance items are expensed as incurred. We capitalize interest on projects during periods of construction until the projects are ready for their intended purpose based on interest rates in place during the construction period. We record depreciation on buildings and improvements utilizing the straight-line method over an estimated original useful life, which is generally five to 40 years. We review depreciable lives of investment properties periodically and we make adjustments when necessary to reflect a shorter economic life. We amortize tenant allowances and tenant improvements utilizing the straight-line method over the term of the related lease or occupancy term of the tenant, if shorter. We record depreciation on equipment and fixtures utilizing the straight-line method over three to ten years. We review investment properties for impairment on a property-by-property basis whenever events or changes in circumstances indicate that the carrying value of investment properties may not be recoverable. These circumstances include, but are not limited to, declines in a property's cash flows, ending occupancy or declines in tenant sales. We measure any impairment of investment property when the estimated undiscounted operating income before depreciation and amortization plus its residual value is less than the carrying value of the property. To the extent impairment has occurred, we charge to expense the excess of carrying value of the property over its estimated fair value. We estimate fair value using unobservable data such as operating income, estimated capitalization rates, or multiples, leasing prospects and local market information. We may decide to sell properties that are held for use and the sale prices of these properties may differ from their carrying values. We also review our investments, including investments in unconsolidated entities, if events or circumstances change indicating that the carrying amount of our investments may not be recoverable. We will record an impairment charge if we determine that a decline in the fair value of the investments in unconsolidated entities is other-than-temporary. Changes in economic and operating conditions that occur subsequent to our review of recoverability of investment property and other investments in unconsolidated entities could impact the assumptions used in that assessment and could result in future charges to earnings if assumptions regarding those investments differ from actual results. Investments in Unconsolidated Entities Joint ventures are common in the real estate industry. We use joint ventures to finance properties, develop new properties, and diversify our risk in a particular property or portfolio of properties. On June 1, 2015, we completed a joint venture transaction with respect to the ownership and operation of five of our properties (see Note 4 - "Real Estate Acquisitions and Dispositions"). We held material unconsolidated joint venture ownership interests in six properties as of June 30, 2015 and one property as of December 31, 2014 . Additionally, in connection with the Merger, we acquired joint venture interests in two entities, one in the development stage and the other with retail operations. Certain of our joint venture properties are subject to various rights of first refusal, buy-sell provisions, put and call rights, or other sale or marketing rights for partners which are customary in real estate joint venture agreements and the industry. We and our partners in these joint ventures may initiate these provisions (subject to any applicable lock up or similar restrictions), which may result in either the sale of our interest or the use of available cash or borrowings to acquire the joint venture interest from our partner. Fair Value Measurements The Company measures and discloses its fair value measurements in accordance with Accounting Standards Codification Topic 820 - “Fair Value Measurement” (“Topic 820”). Topic 820 guidance emphasizes that fair value is a market-based measurement, not an entity-specific measurement. Therefore, a fair value measurement should be determined based on the assumptions that market participants would use in pricing the asset or liability. As a basis for considering market participant assumptions in fair value measurements, Topic 820 establishes a fair value hierarchy that distinguishes between market participant assumptions based on market data obtained from sources independent of the reporting entity (observable inputs that are classified within Levels 1 and 2 of the hierarchy) and the reporting entity's own assumptions about market participant assumptions (unobservable inputs classified within Level 3 of the hierarchy). The fair value hierarchy, as defined by Topic 820, contains three levels of inputs that may be used to measure fair value as follows: • Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access. • Level 2 inputs are inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly such as interest rates, foreign exchange rates, and yield curves, that are observable at commonly quoted intervals. • Level 3 inputs are unobservable inputs for the asset or liability which are typically based on an entity's own assumptions, as there is little, if any, related market activity. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company's assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. Note 6 - "Indebtedness" includes a discussion of the fair value of debt measured using Level 2 inputs. Note 4 - "Real Estate Acquisitions and Dispositions" includes a discussion of the fair values recorded in purchase accounting, using Level 2 and Level 3 inputs. Level 3 inputs to our purchase accounting analyses include our estimations of net operating results of the property, capitalization rates and discount rates. The Company has derivatives that must be measured under the fair value standard (see Note 7 - "Derivative Financial Instruments"). The Company currently does not have any non-financial assets and non-financial liabilities that are required to be measured at fair value on a recurring basis. Purchase Accounting Allocation We allocate the purchase price of acquisitions and any excess investment in unconsolidated entities to the various components of the acquisition based upon the fair value of each component which may be derived from various observable or unobservable inputs and assumptions. Also, we may utilize third party valuation specialists. These components typically include buildings, land and intangibles related to in-place leases and we estimate: • the fair value of land and related improvements and buildings on an as-if-vacant basis, • the market value of in-place leases based upon our best estimate of current market rents and amortize the resulting market rent adjustment into revenues, • the value of costs to obtain tenants, including tenant allowances and improvements and leasing commissions, and • the value of revenue and recovery of costs foregone during a reasonable lease-up period, as if the space was vacant. Amounts allocated to building are depreciated over the estimated remaining life of the acquired building or related improvements. We amortize amounts allocated to tenant improvements, in-place lease assets and other lease-related intangibles over the remaining life of the underlying leases. We also estimate the value of other acquired intangible assets, if any, which are amortized over the remaining life of the underlying related intangibles. Use of Estimates We prepared the accompanying consolidated and combined financial statements in accordance with GAAP. GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and revenues and expenses during the reported period. Our actual results could differ from these estimates. Segment Disclosure Our primary business is the ownership, development and management of retail real estate. We have aggregated our operations, including malls and strip centers, into one reportable segment because they have similar economic characteristics and we provide similar products and services to similar types of, and in many cases, the same tenants. New Accounting Pronouncements In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09, "Revenue from Contracts with Customers (Topic 606)." ASU No. 2014-09 revises GAAP by offering a single comprehensive revenue recognition standard instead of numerous revenue requirements for particular industries or transactions, which sometimes resulted in different accounting for economically similar transactions. An entity has the option to apply the provisions of ASU No. 2014-09 either retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of initially applying this standard recognized at the date of initial application. On July 9, 2015, the FASB announced it would defer the effective date by one year to December 15, 2017 for annual reporting periods beginning after that date. The FASB also decided to permit early adoption of the standard, but not before the original effective date of December 15, 2016. We are currently evaluating our method of adopting and the impact, if any, the adoption of this standard will have on our consolidated financial statements. In February 2015, the FASB issued ASU No. 2015-02, "Consolidation (Topic 810): Amendments to the Consolidation Analysis." This standard changes the way reporting enterprises must evaluate the consolidation of limited partnerships, variable interests and similar entities. It is effective for the first annual reporting period beginning after December 15, 2015, with early adoption permitted. We are currently evaluating the impact, if any, the adoption of this standard will have on our consolidated financial statements. In April 2015, the FASB issued ASU No. 2015-03, "Simplifying the Presentation of Debt Issuance Costs." This standard amends existing guidance to require the presentation of debt issuance costs in the balance sheet as a deduction from the carrying amount of the related debt liability instead of as a deferred charge. It is effective for annual reporting periods beginning after December 15, 2015, but early adoption is permitted. We expect this new guidance will reduce total assets and total long-term debt on our consolidated balance sheets by amounts classified as deferred debt issuance costs, but do not expect this standard to have any other effect on our consolidated financial statements.

Note 4 - Real Estate Acquisitio

Note 4 - Real Estate Acquisitions and Dispositions	6 Months Ended
	Jun. 30, 2015
Disclosure Text Block Supplement [Abstract]
Mergers, Acquisitions and Dispositions Disclosures [Text Block]	4. Real Estate Acquisitions and Dispositions The O'Connor Joint Venture On June 1, 2015, we completed a joint venture transaction with O'Connor Mall Partners, L.P. ("O'Connor"), a third party, with respect to the ownership and operation of five of the Company’s malls and certain related out-parcels (the "O'Connor Joint Venture") acquired in the Merger, which are valued at approximately $1.625 billion, consisting of the following: The Mall at Johnson City located in Johnson City, Tennessee; Pearlridge Center located in Aiea, Hawaii; Polaris Fashion Place® located in Columbus, Ohio; Scottsdale Quarter® located in Scottsdale, Arizona and Town Center Plaza (which consists of Town Center Plaza and the adjacent Town Center Crossing) located in Leawood, Kansas (collectively the "O'Connor Properties"). Under the terms of the joint venture agreement, we retained a 51% interest and sold a 49% interest to O'Connor. In addition, the Company received reimbursement for 49% of costs incurred as of June 1, 2015 related to development activity at Scottsdale Quarter®. The transaction generated net proceeds, after taking into consideration the assumption of debt (including the new loans on Pearlridge Center and Scottsdale Quarter®) and costs associated with the transaction, of approximately $432 million (including $28.7 million for the partial reimbursement of the Scottsdale Quarter® development costs), which was used to repay a portion of the Bridge Loan (see Note 6 - "Indebtedness"). Since we no longer control the operations of the O'Connor Properties, we deconsolidated the properties and recorded a gain in connection with this sale of $5.1 million, which is included in gain upon acquisition of controlling interests and on sale of interests in properties within the consolidated and combined statements of operations and comprehensive income. We retained management and leasing responsibilities for the O'Connor Properties. The Merger On January 15, 2015, we acquired 23 properties in the Merger (see Note 1 - "Organization"). We reflected the assets and liabilities of the properties acquired in the Merger at the estimated fair value on the January 15, 2015 acquisition date. The following table summarizes the purchase price allocation for the acquisition, which is preliminary and subject to revision within the measurement period, not to exceed one year from the date of acquisition: Investment properties $ 3,054,194 Cash and cash equivalents (1) 553,835 Tenant accounts receivable 14,263 Investment in and advances to unconsolidated real estate entities 15,803 Deferred costs and other assets (including intangibles) 316,436 Accounts payable, accrued expenses, intangibles, and deferred revenue (196,847 ) Distributions payable (2,658 ) Redeemable noncontrolling interests, including preferred units (6,148 ) Total assets acquired and liabilities assumed 3,748,878 Fair value of mortgage notes payable assumed (1,358,184 ) Net assets acquired 2,390,694 Less: Common shares issued (535,490 ) Less: Preferred shares issued (319,960 ) Less: Common operating partnership units issued to limited partners (29,482 ) Less: Cash and cash equivalents acquired (553,835 ) Net cash paid for acquisition $ 951,927 (1) Includes the proceeds from the Property Sale, net of the repayment of the $155.0 million balance on the Glimcher credit facility. The consolidated balance sheet at June 30, 2015 contains certain intangible assets associated with the Merger. Intangibles of $98.9 million, which relate primarily to above-market leases, lease in place value, and tenant relations (excluding the amounts related to the O'Connor Properties, which were transferred to unconsolidated entities upon deconsolidation on June 1, 2015), are included in “Deferred costs and other assets” at June 30, 2015. Intangibles of $53.0 million, which are primarily related to below-market rents, are included in “Accounts payable, accrued expense, intangibles, and deferred revenue” at June 30, 2015. Total revenues and net loss (excluding transaction costs and costs of corporate borrowing) from the properties we acquired in the Merger were $71.2 million and $9.1 million, respectively, for the three months ended June 30, 2015 and $140.0 million and $1.3 million, respectively, for the six months ended June 30, 2015 and are included in the accompanying consolidated and combined statements of operations and comprehensive income. 2015 Acquisition On January 13, 2015, we acquired Canyon View Marketplace, a shopping center located in Grand Junction, Colorado, for $10.0 million including the assumption of an existing mortgage with a principal balance of $5.5 million. The source of funding for the acquisition was cash on hand. 2014 Acquisitions and Disposition During 2014, we acquired our partners' interests in the following properties, which were previously accounted for under the equity method, but are now consolidated as they are either wholly or majority owned and controlled post-acquisition: Shopping Center Name Acquisition Date Location Percent Acquired Purchase Price (In Millions) Gain (In Millions) Whitehall Mall December 1, 2014 Whitehall, PA 50% $ 14.9 $ 10.5 Clay Terrace June 20, 2014 Carmel, IN 50% $ 22.9 $ 46.6 Seven Open-Air Shopping Centers June 18, 2014 Various Various $ 162.0 $ 42.3 We reflected the assets and liabilities of the above 2014 acquisition properties at their estimated fair value on the respective acquisition dates. The purchase price allocations as of June 30, 2015 , which include no material changes from the amounts disclosed as of December 31, 2014 in the Company's 2014 Annual Report on Form 10-K, have been finalized. The consolidation of the previously unconsolidated properties resulted in the remeasurement of our previously held interests to fair value and corresponding non-cash gains noted above. On June 23, 2014, we sold New Castle Plaza, a wholly owned shopping center in New Castle, Indiana, for net proceeds of $4.4 million, resulting in a gain of approximately $2.4 million, which is included in gain upon acquisition of controlling interests and on sale of interests in properties in the accompanying consolidated and combined statements of operations and comprehensive income. On February 28, 2014, SPG disposed of its interest in one unconsolidated shopping center and recorded a gain of approximately $0.2 million, which is included in gain upon acquisition of controlling interests and on sale of interests in properties in the consolidated and combined statements of operations and comprehensive income. Condensed Pro Forma Financial Information (Unaudited) The results of operations of acquired properties are included in the consolidated and combined statements of operations beginning on their respective acquisition dates. The following unaudited condensed pro forma financial information is presented as if the Merger and the Property Sale described in Note 1 - "Organization," which were completed on January 15, 2015, had been consummated on January 1, 2014. The unaudited condensed pro forma financial information assumes the O'Connor Joint Venture transaction completed on June 1, 2015 and the 2014 acquisitions listed above also occurred as of January 1, 2014. Additionally, adjustments have been made to reflect the following transactions as if they occurred on January 1, 2014: the issuance of the Notes Payable on March 24, 2015 (see Note 6 - "Indebtedness"), the redemption of all of the outstanding Series G Preferred Shares on April 15, 2015 (see Note 8 - "Equity"), the refinancings of property mortgages on May 21, 2015 (see Note 6 - "Indebtedness"), and the receipt of funds from the New Term Loan on June 4, 2015 (see Note 6 - "Indebtedness"). Finally, the January 13, 2015 acquisition of Canyon View Marketplace has been excluded from this analysis since it would not have a significant impact. The unaudited condensed pro forma financial information is for comparative purposes only and not necessarily indicative of what actual results of operations of the Company would have been had the Merger and other transactions noted above been consummated on January 1, 2014, nor does it purport to represent the results of operations for future periods. The unaudited condensed pro forma financial information for the three and six months ended June 30, 2015 and 2014 is as follows: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Total revenues $ 213,685 $ 216,990 $ 425,443 $ 430,810 Net income (loss) attributable to the Company $ 12,031 $ (17,260 ) $ 19,163 $ 3,181 Net income (loss) attributable to common shareholders $ 8,407 $ (20,768 ) $ 12,031 $ (3,835 ) Earnings (loss) per common share-basic and diluted $ 0.05 $ (0.11 ) $ 0.07 $ (0.02 ) Weighted average shares outstanding-basic (in thousands) 184,251 183,992 184,156 183,992 Weighted average shares outstanding-diluted (in thousands) 220,252 217,331 220,092 217,265

Note 5 - Investment in Unconsol

Note 5 - Investment in Unconsolidated Entities at Equity	6 Months Ended
	Jun. 30, 2015
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments and Joint Ventures Disclosure [Text Block]	5. Investment in Unconsolidated Entities, at Equity The Company's investment activity in unconsolidated real estate entities for the six months ended June 30, 2015 consisted of investments in the following joint ventures listed below: • The O'Connor Joint Venture This investment consists of a 51% interest held by the Company in the O'Connor Joint Venture that owns and operates the O'Connor Properties. One of the properties in this venture, Pearlridge Center, is subject to a ground lease. • The Seminole Joint Venture This investment consists of a 45% interest held by the Company in Seminole Towne Center, an approximate 1.1 million square foot enclosed regional mall located in the Orlando, Florida area. The Company's effective financial interest in this property (after preferences) is approximately 12%. • Other Joint Venture The Company also holds an indirect 12.5% ownership interest in certain real estate through a joint venture with an unaffiliated third party. Individual agreements specify which services the Company is to provide to each joint venture. The Company, through its affiliates may provide management, development, construction, leasing and legal services for a fee to each of the joint ventures described above. The results for the O'Connor Joint Venture are included below for the period from June 1, 2015 through June 30, 2015. The results for the joint venture that previously owned Clay Terrace, located in Carmel, Indiana are included in the results below for the period from January 1, 2014 through June 19, 2014. On June 20, 2014, the Company purchased the remaining ownership interest in this property from its former joint venture partner. As a result, the Company now owns all of the equity interest in this property. The results for the joint venture that previously owned seven open-air shopping centers located in various locations are included in the results below for the period from January 1, 2014 through June 17, 2014. On June 18, 2014, the Company purchased a controlling ownership interest in these properties from its former joint venture partner. As a result, the Company now owns essentially all of the equity interest in these properties. The results for the joint venture that previously owned Whitehall Mall, located in Whitehall, Pennsylvania are included in the results below for the period from January 1, 2014 through June 30, 2014. On December 1, 2014, the Company purchased the remaining ownership interest in this property from its former joint venture partner. As a result, the Company now owns all of the equity interest in this property. The results for Seminole Towne Center are included below for all periods presented. The results for the indirect 12.5% ownership interest in certain real estate are included for the period from January 15, 2015 through June 30, 2015. The following table presents the combined statements of operations for the unconsolidated joint venture properties for the periods indicated above during which the Company accounted for these investments as unconsolidated entities for the three and six months ended June 30, 2015 and 2014: For the Three Months Ended June 30, For the Six Months Ended June 30, 2015 2014 2015 2014 Total revenues $ 21,168 $ 14,028 $ 29,956 $ 30,759 Operating expenses 9,934 5,047 13,826 11,303 Depreciation and amortization 9,779 3,372 11,061 7,300 Operating income 1,455 5,609 5,069 12,156 Interest expense, net (3,329 ) (3,273 ) (4,427 ) (6,835 ) Net (loss) income (1,874 ) 2,336 642 5,321 Preferred dividends (60 ) — (109 ) — Net (loss) income from the Company’s unconsolidated real estate entities $ (1,934 ) $ 2,336 $ 533 $ 5,321 Our share of (loss) income from the Company's unconsolidated real estate entities $ (1,703 ) $ 402 $ (1,487 ) $ 747

Note 6 - Indebtedness

Note 6 - Indebtedness	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	6. Indebtedness Mortgage Debt Total mortgage indebtedness at June 30, 2015 and December 31, 2014 was as follows: June 30, 2015 December 31, 2014 Face amount of mortgage loans $ 1,931,020 $ 1,431,516 Fair value adjustments, net 22,335 3,598 Carrying value of mortgage loans $ 1,953,355 $ 1,435,114 A roll forward of mortgage indebtedness from December 31, 2014 to June 30, 2015 is summarized as follows: Balance, December 31, 2014 $ 1,435,114 Debt assumptions at fair value 1,364,503 Repayment of debt (418,606 ) Debt issuances 390,000 Debt amortization payments (10,724 ) Debt transferred to unconsolidated entities (795,711 ) Amortization of fair value and other adjustments (11,221 ) Balance, June 30, 2015 $ 1,953,355 On January 13, 2015, resulting from our acquisition of Canyon View Marketplace (see Note 4 - "Real Estate Acquisitions and Dispositions"), we assumed an additional mortgage with a fair value of $6.4 million. On January 15, 2015, resulting from the Merger (see Note 1 - "Organization"), we assumed additional mortgages with a fair value of approximately $1.4 billion on 14 properties. On March 27, 2015, the Company repaid the $18.8 million mortgage on West Town Corners and the $13.9 million mortgage on Gaitway Plaza with cash on hand. On May 21, 2015, we refinanced Pearlridge Center’s existing $171.0 million mortgage maturing in 2015 with a new $225.0 million nonrecourse, interest-only loan with a 10-year term and a fixed interest rate of 3.53%. We also refinanced existing debt totaling $195.0 million on Scottsdale Quarter® maturing in 2015 with a new $165.0 million nonrecourse, interest-only loan with a 10-year term and a fixed interest rate of 3.53%. We used $21.2 million of the net proceeds from the refinancings to repay a portion of the outstanding balance on the Bridge Loan (defined below). On June 1, 2015, we deconsolidated the O'Connor Properties, thereby transferring $795.7 million of mortgages to unconsolidated entities. On June 30, 2015, we repaid the $20.0 million mezzanine loan on WestShore Plaza through a borrowing on the Revolver (defined below). Unsecured Debt The Facility On May 15, 2014, we closed on a senior unsecured revolving credit facility, or Revolver, and a senior unsecured term loan, or Term Loan (collectively referred to as the "Facility"). The Revolver provides borrowings on a revolving basis up to $900 million, bears interest at one-month LIBOR plus 1.05%, and will initially mature on May 30, 2018, subject to two, 6-month extensions available at our option subject to compliance with the terms of the Facility and payment of a customary extension fee. The Term Loan provides borrowings in an aggregate principal amount up to $500 million, bears interest at one-month LIBOR plus 1.15%, and will initially mature on May 30, 2016, subject to three, 12-month extensions available at our option subject to compliance with the terms of the Facility and payment of a customary extension fee. At June 30, 2015, borrowings under the Facility consisted of $433.8 million outstanding under the Revolver and $500.0 million outstanding under the Term Loan. On June 30, 2015, we had an aggregate available borrowing capacity of $463.1 million under the Facility, net of $3.1 million reserved for outstanding letters of credit. At June 30, 2015, the applicable interest rate on the Revolver was one-month LIBOR plus 1.05%, or 1.24%, and the applicable interest rate on the Term Loan was one-month LIBOR plus 1.15%, or 1.34%. New Term Loan On June 4, 2015, the Company borrowed $500 million under a new term loan (the "New Term Loan"), pursuant to a commitment received from bank lenders. The New Term Loan bears interest at one-month LIBOR plus 1.15% (1.34% at June 30, 2015) and will mature in March 2020. On June 19, 2015, the Company executed interest rate swap agreements totaling $500 million, with an effective date of July 6, 2015, which effectively fixed the interest rate on the New Term Loan at 2.26% through June 2018. The interest rate on the New Term Loan may vary based on the Company's credit rating. The Company used the proceeds on the New Term Loan to repay the remaining outstanding balance on the Bridge Loan (defined below). Bridge Loan On September 16, 2014, in connection with the execution of the Merger Agreement, WPG entered into a debt commitment letter, which was amended and restated on September 23, 2014 pursuant to which parties agreed to provide up to $1.25 billion in a senior unsecured bridge loan facility (the “Bridge Loan”). The Bridge Loan had a maturity date of January 14, 2016, the date that is 364 days following the closing date of the Merger. On January 15, 2015, the Company borrowed $1.19 billion under the Bridge Loan in connection with the closing of the Merger. On March 24, 2015, the Company repaid $248.4 million of the outstanding borrowings using proceeds from the issuance of the Notes Payable (see below). On May 21, 2015, we repaid $21.2 million of the outstanding borrowings using excess proceeds from the refinancing of the mortgage on Pearlridge Center. On June 2, 2015, we repaid $431.8 million of outstanding borrowings using proceeds from the O'Connor Joint Venture transaction. On June 4, 2015, we repaid the remaining $488.6 million of borrowings using proceeds from the New Term Loan. The Company incurred $10.4 million of Bridge Loan commitment, structuring and funding fees, of which $3.8 million incurred during 2014 were included in deferred costs and other assets in the accompanying consolidated balance sheet as of December 31, 2014. Upon the full repayment of the Bridge Loan, the Company accelerated amortization of the deferred loan costs, resulting in total amortization of $6.3 million and $10.4 million included in interest expense in the accompanying consolidated and combined statements of operations and comprehensive income for the three and six months ended June 30, 2015, respectively. Notes Payable On March 24, 2015, WPG L.P. closed on the private placement of $250 million of 3.850% senior unsecured notes (the "Notes Payable") at a 0.028% discount due April 1, 2020. WPG L.P. received net proceeds from the offering of $248.4 million, which it used to repay a portion of outstanding borrowings under the Bridge Loan. The Notes Payable contain certain customary covenants and events of default which, if any such event of default occurs, would permit or require the principal, premium, if any, and accrued and unpaid interest on all of the then-outstanding Notes Payable to be declared immediately due and payable (subject in certain cases to customary grace and cure periods). Covenants Our unsecured debt agreements contain financial and other covenants. If we were to fail to comply with these covenants, after the expiration of the applicable cure periods, the debt maturity could be accelerated or other remedies could be sought by the lender including adjustments to the applicable interest rate. As of June 30, 2015, management believes the Company is in compliance with all covenants of its unsecured debt. At June 30, 2015, certain of our consolidated subsidiaries were the borrowers under 36 non-recourse loans and one partial-recourse loan secured by mortgages encumbering 41 properties, including two separate pools of cross-defaulted and cross-collateralized mortgages encumbering a total of six properties. The total balance of mortgages was approximately $2.0 billion as of June 30, 2015. Under these cross-default provisions, a default under any mortgage included in the cross-defaulted pool may constitute a default under all mortgages within that pool and may lead to acceleration of the indebtedness due on each property within the pool. Certain of our secured debt instruments contain financial and other non-financial covenants which are specific to the properties which serve as collateral for that debt. Our existing non-recourse mortgage loans generally prohibit our subsidiaries that are borrowers thereunder from incurring additional indebtedness, subject to certain customary and limited exceptions. In addition, certain of these instruments limit the ability of the applicable borrower's parent entity from incurring mezzanine indebtedness unless certain conditions are satisfied, including compliance with maximum loan to value ratio and minimum debt service coverage ratio tests. Further, under certain of these existing agreements, if certain cash flow levels in respect of the applicable mortgaged property (as described in the applicable agreement) are not maintained for at least two consecutive quarters, the lender could accelerate the debt and enforce its right against its collateral. If the borrower fails to comply with these covenants, the lender could accelerate the debt and enforce its right against their collateral. At June 30, 2015, management believes the applicable borrowers under these non-recourse mortgage loans were in compliance with all covenants where non-compliance could individually, or giving effect to applicable cross-default provisions in the aggregate, have a material adverse effect on our financial condition, results of operations or cash flows. Fair Value of Debt The carrying values of our variable-rate loans approximate their fair values. We estimate the fair values of fixed-rate mortgages using cash flows discounted at current borrowing rates. The book value of our fixed-rate mortgages was $1.7 billion and $1.4 billion as of June 30, 2015 and December 31, 2014, respectively. The fair values of these financial instruments and the related discount rate assumptions as of June 30, 2015 and December 31, 2014 are summarized as follows: June 30, 2015 December 31, 2014 Fair value of fixed-rate mortgages $1,829,443 $1,503,944 Weighted average discount rates assumed in calculation of fair value for fixed-rate mortgages 3.37 % 3.36 %

Note 7 - Derivative Financial I

Note 7 - Derivative Financial Instruments	6 Months Ended
	Jun. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities Disclosure [Text Block]	7. Derivative Financial Instruments Risk Management Objective of Using Derivatives The Company is exposed to certain risks arising from both its business operations and economic conditions. The Company principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Company manages economic risks, including interest rate, liquidity, and credit risk, primarily by managing the amount, sources, and duration of its debt funding and through the use of derivative financial instruments. Specifically, the Company enters into derivative financial instruments to manage exposures that arise from business activities that result in the payment of future uncertain cash amounts, the value of which are determined by interest rates. The Company's derivative financial instruments are used to manage differences in the amount, timing, and duration of the Company's known or expected cash payments related to the Company's borrowings. Cash Flow Hedges of Interest Rate Risk The Company's objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish these objectives the Company primarily uses interest rate swaps or caps as part of its interest rate risk management strategy. Interest rate swaps involve the receipt of variable-rate amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. The Company may also enter into forward starting swaps or treasury lock agreements to set the effective interest rate on a planned fixed-rate financing. In a forward starting swap or treasury lock agreement that the Company cash settles in anticipation of a fixed rate financing or refinancing, the Company will receive or pay an amount equal to the present value of future cash flow payments based on the difference between the contract rate and market rate on the settlement date. The effective portion of changes in the fair value of derivatives designated and that qualify as cash flow hedges is recorded in other comprehensive income ("OCI") or other comprehensive loss (“OCL”) and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. Net realized gains or losses resulting from derivatives that were settled in conjunction with planned fixed-rate financings or refinancings continue to be included in accumulated other comprehensive income ("AOCI") during the term of the hedged debt transaction. Any ineffective portion of the change in fair value of the derivatives is recognized directly in earnings. The Company had no material hedge ineffectiveness in earnings during the three and six months ended June 30, 2015 and 2014. Amounts reported in AOCI relate to derivatives that will be reclassified to interest expense as interest payments are made on the Company's variable-rate debt. Realized gains or losses on settled derivative instruments included in AOCI are recognized as an adjustment to income over the term of the hedged debt transaction. During the next twelve months, the Company estimates that an additional $3.1 million will be reclassified as an increase to interest expense. During the six months ended June 30, 2015, the Company entered into five three-year forward starting swaps, two five-year forward starting swaps and two ten-year forward starting swaps. The two five-year forward starting swaps were terminated upon the private placement of the Notes Payable during the six months ended June 30, 2015. As of June 30, 2015, the Company had seven outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk with a notional value of $650,000. The table below presents the fair value of the Company's derivative financial instruments as well as their classification on the consolidated balance sheet as of June 30, 2015: Derivatives designated as hedging instruments: Balance Sheet Location As of June 30, 2015 Interest rate products Asset Derivatives Deferred costs and other assets $ 3,856 Interest rate products Liability Derivatives Accounts payable, accrued expenses, intangibles and deferred revenues $ 207 The asset derivative instruments were reported at their fair value of $3,856 in deferred costs and other assets at June 30, 2015 with a corresponding adjustment to OCI for the unrealized gains and losses (net of noncontrolling interest allocation). The liability derivative instruments were reported at their fair value of $207 in accounts payable, accrued expenses, intangibles, and deferred revenues at June 30, 2015 with a corresponding adjustment to OCL for the unrealized gains and losses (net of noncontrolling interest allocation). There were no outstanding derivatives as of December 31, 2014. Over time, the unrealized gains and losses held in AOCI will be reclassified to earnings. This reclassification will correlate with the recognition of the hedged interest payments in earnings. During the three months ended June 30, 2015, the Company amortized $29 of OCI into interest expense related to the five year swaps associated with the Notes Payable. The Company recognized OCI of $4.8 million related to the two remaining ten-year forward starting swaps to adjust the carrying amount of the interest rate swaps to their fair values at June 30, 2015 and OCL of $207 for the five remaining three-year swaps associated with the New Term Loan to adjust the carrying amount of the interest rate swaps to their fair values at June 30, 2015. There was no derivative activity during 2014. During the six months ended June 30, 2015, the Company recognized OCI of $593, of which $32 has been amortized into interest expense related to the five year swaps associated with the Notes Payable. The Company recognized OCI of $3.9 million related to the two remaining ten-year forward starting swaps to adjust the carrying amount of the interest rate swaps to their fair values at June 30, 2015 and OCL of $207 related to the five remaining three-year swaps associated with the New Term Loan to adjust the carrying amount of the interest rate swaps to their fair values at June 30, 2015. There was no derivative activity during 2014. The tables below present the effect of the Company's derivative financial instruments on the consolidated and combined statements of operations and comprehensive income for the three and six months ended June 30, 2015: Derivatives in Cash Flow Hedging Relationships Amount of Gain or (Loss) Recognized in OCI on Derivative (Effective Portion) Location of Gain or (Loss) Reclassified from AOCI into Income (Effective Portion) Amount of Gain or (Loss) Reclassified from AOCI into Income (Effective Portion) Location of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing) Amount of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing) Three months ending Three months ending Three months ending June 30, June 30, June 30, 2015 2015 2015 Interest rate products $ 4,615 Interest expense $ (29 ) Interest expense $ — Derivatives in Cash Flow Hedging Relationships Amount of Gain or (Loss) Recognized in OCI on Derivative (Effective Portion) Location of Gain or (Loss) Reclassified from AOCI into Income (Effective Portion) Amount of Gain or (Loss) Reclassified from AOCL into Income (Effective Portion) Location of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing) Amount of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing) Six months ending Six months ending Six months ending June 30, June 30, June 30, 2015 2015 2015 Interest rate products $ 4,211 Interest expense $ (32 ) Interest expense $ — Non-Designated Hedges Derivatives not designated as hedges are not speculative and are used to manage the Company’s exposure to interest rate movements and other identified risks, but do not meet the strict hedge accounting requirements. Changes in the fair value of derivatives not designated in hedging relationships are recorded directly in earnings. As of June 30, 2015, the Company has two interest rate derivatives with a combined notional amount of $122,500 that are not designated as cash flow hedges. These non-designated hedges consist of two interest rate caps that were assumed in the Merger. The fair value of these hedges as of June 30, 2015 is zero and there has been no change in fair value for the three and six months ended June 30, 2015. Credit Risk-Related Contingent Features The Company has agreements with each of its derivative counterparties that contain a provision that if the Company either defaults or is capable of being declared in default on any of its consolidated indebtedness, then the Company could also be declared in default on its derivative obligations. The Company has agreements with its derivative counterparties that incorporate the loan covenant provisions of the Company's indebtedness with a lender affiliate of the derivative counterparty. Failure to comply with the loan covenant provisions would result in the Company being in default on any derivative instrument obligations covered by the agreement. As of June 30, 2015, the fair value of derivatives in a net liability position, plus accrued interest but excluding any adjustment for nonperformance risk, related to these agreements was $184. As of June 30, 2015, the Company has not posted any collateral related to these agreements. The Company is not in default with any of these provisions. If the Company had breached any of these provisions at June 30, 2015, it would have been required to settle its obligations under the agreements at their termination value of $184. Fair Value Considerations Currently, the Company uses interest rate swaps and caps to manage its interest rate risk. The valuation of these instruments is determined using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves, foreign exchange rates, and implied volatilities. Based on these inputs the Company has determined that its interest rate swap and cap valuations are classified within Level 2 of the fair value hierarchy. To comply with the provisions of Topic 820, the Company incorporates credit valuation adjustments to appropriately reflect both its own nonperformance risk and the respective counterparty's nonperformance risk in the fair value measurements. In adjusting the fair value of its derivative contracts for the effect of nonperformance risk, the Company has considered the impact of netting and any applicable credit enhancements, such as collateral postings, thresholds, mutual puts, and guarantees. Although the Company has determined that the majority of the inputs used to value its derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with its derivatives utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by itself and its counterparties. However, as of June 30, 2015, the Company has assessed the significance of the impact of the credit valuation adjustments on the overall valuation of its derivative positions and has determined that the credit valuation adjustments are not significant to the overall valuation of its derivatives. As a result, the Company has determined that its derivative valuations in their entirety are classified in Level 2 of the fair value hierarchy. The Company values its derivative instruments on a recurring basis, net using significant other observable inputs (Level 2). The table below presents the Company’s assets and liabilities measured at fair value as of June 30, 2015 aggregated by the level in the fair value hierarchy within which those measurements fall: Quoted Prices in Active Markets for Identical Liabilities (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Balance at June 30, 2015 Asset Derivatives $ — $ 3,856 $ — $ 3,856 Liability Derivatives $ — $ 207 $ — $ 207

Note 8 - Equity

Note 8 - Equity	6 Months Ended
	Jun. 30, 2015
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	8. Equity The Separation Prior to the May 28, 2014 separation, the financial statements were carved-out from SPG's books and records; thus, pre-separation ownership was solely that of SPG and noncontrolling interests based on their respective ownership interest in SPG L.P. on the date of separation (see Note 1 - "Organization" and Note 2 - "Basis of Presentation and Principles of Consolidation and Combination" for more information). Upon becoming a separate company on May 28, 2014, WPG's ownership is now classified under the typical stockholders' equity classifications of common stock, capital in excess of par value and retained earnings. Related to the separation, 155,162,597 shares of WPG common stock and 31,575,487 units of WPG L.P.'s limited partnership interest were issued to shareholders of SPG and unit holders of SPG L.P., respectively. The Merger Related to the Merger completed on January 15, 2015, the Company issued 29,942,877 common shares, 4,700,000 shares of 8.125% Series G Cumulative Redeemable Preferred Stock (the "Series G Preferred Shares"), 4,000,000 shares of 7.5% Series H Cumulative Redeemable Preferred Stock, 3,800,000 shares of 6.875% Series I Cumulative Redeemable Preferred Stock, 1,621,695 common units of WPG L.P.’s limited partnership interest, and 130,592 WPG L.P. 7.3% Series I‑1 Preferred Units. The preferred shares and units were issued as consideration for similarly-named preferred interests of Glimcher that were outstanding at the Merger date. On April 15, 2015, the Company redeemed all of the 4,700,000 issued and outstanding Series G Preferred Shares. The Series G Preferred Shares were redeemed at a redemption price of $25.00 per share, plus accumulated and unpaid distributions up to, but excluding, the redemption date, in an amount equal to $0.5868 per share, for a total payment of $25.5868 per share. This redemption amount includes the first quarter dividend of $0.5078 per share that was declared on February 24, 2015 to holders of record of such Series G Preferred Shares on March 31, 2015. Because the redemption of the Series G Preferred Shares was a redemption in full, trading of the Series G Preferred Shares on the NYSE ceased after the redemption date. The aggregate amount paid to effect the redemptions of the Series G Preferred Shares was approximately $120.3 million, which was funded with cash on hand. Exchange Rights Subject to the terms of the limited partnership agreement of WPG L.P., limited partners in WPG L.P. have the right to exchange all or any portion of their units for shares of common stock on a one‑for‑one basis or cash, as determined by the Company. Therefore, the common units are considered share equivalents and classified as noncontrolling interests within permanent equity. The amount of cash to be paid if the exchange right is exercised and the cash option is selected will be based on the trading price of our common stock at that time. At June 30, 2015, we had reserved 34,844,447 shares of common stock for possible issuance upon the exchange of units. The holders of the Series I-1 Preferred Units have, at their option, the right to have their units purchased by the Company subject to the satisfaction of certain conditions. Therefore, the preferred units are classified as redeemable noncontrolling interests outside of permanent equity. Stock Based Compensation On May 28, 2014, the Company's Board of Directors adopted the Washington Prime Group, L.P. 2014 Stock Incentive Plan (the "Plan"), which permits the Company to grant awards to current and prospective directors, officers, employees and consultants of the Company or an affiliate. An aggregate of 10,000,000 shares of common stock has been reserved for issuance under the Plan. In addition, the maximum number of awards to be granted to a participant in any calendar year is 500,000 shares. Awards may be in the form of stock options, stock appreciation rights, restricted stock, restricted stock units or other stock-based awards in WPG, or long term incentive plan ("LTIP") units or performance units in WPG, L.P. The Plan terminates on May 28, 2024. Long Term Incentive Awards Time Vested LTIP Awards During the six months ended June 30, 2015, the Company awarded 203,215 time-vested LTIP units ("Inducement LTIP Units") to certain executive officers and employees of the Company under the Plan, pursuant to LTIP Unit Award Agreements between the Company and each of the grant recipients. These awards will vest and the related fair value will be expensed over a four-year vesting period, except in certain instances that result in accelerated vesting due to severance arrangements. Performance Based Awards During the six months ended June 30, 2015, the Company authorized the award of LTIP units subject to certain market conditions under ASC 718 ("Performance LTIP Units") to certain executive officers and employees of the Company in the maximum total amount of 304,818 units, to be earned and related fair value expensed over the applicable performance periods, except in certain instances that result in accelerated vesting due to severance arrangements. Annual LTIP Unit Awards On March 27, 2015, the Company approved the performance criteria and maximum dollar amount of the 2015 annual LTIP unit awards, ranging from 30%-300% of annual base salary, for certain executive officers and employees of the Company. Any 2015 annual LTIP unit awards earned will be granted in 2016 and vest one-third on each of January 1, 2017, 2018 and 2019. The fair value of the awards will be expensed over the period from March 27, 2015 when service began through the end of the vesting period, except in certain instances that result in accelerated vesting due to severance arrangements. WPG Restricted Share Awards As part of the Merger, unvested restricted shares held by certain Glimcher executive employees, which had an original vesting period of five years, were converted into 1,039,785 WPG restricted shares (the “WPG Restricted Shares”). The WPG Restricted Shares will be amortized over the remaining life of the applicable vesting period, except for the portion of the awards applicable to pre-Merger service, which was included as equity consideration issued in the Merger. LTIP/WPG Restricted Share Award Related Compensation Expense The Company recorded compensation expense related to all LTIP and WPG Restricted Shares of approximately $2.8 million and $5.1 million for the three and six months ended June 30, 2015, respectively, which expense are included in general and administrative expense and merger and transaction costs in the accompanying consolidated and combined statements of operations and comprehensive income. Stock Options As part of the Merger, outstanding stock options held by certain former Glimcher employees were converted into 1,125,014 WPG stock options. During the six months ended June 30, 2015, 393,000 stock options were granted from the Plan to employees, employees exercised 196,341 stock options and 157,584 stock options were canceled, forfeited or expired. As of June 30, 2015, there were 1,164,089 stock options outstanding. Dividends On January 22, 2015, the Company paid a cash dividend of $0.14 per common share/unit for the period from November 26, 2014 through January 14, 2015. On December 24, 2014, the Company’s Board of Directors had declared the dividend, which was contingent on the closing of the Merger, to shareholders and unitholders of record on January 14, 2015. The dividend represents the first quarter 2015 regular quarterly dividend prorated for the dividend period prior to the Merger. On February 24, 2015, the Company’s Board of Directors declared the following cash dividends per share/unit: Security Type Dividend per Share/Unit For the Quarter Ended Record Date Payable Date Common Shares/Units (1) $0.1100 March 31, 2015 March 6, 2015 March 16, 2015 Series G Preferred Shares $0.5078 March 31, 2015 March 31, 2015 April 15, 2015 Series H Preferred Shares $0.4688 March 31, 2015 March 31, 2015 April 15, 2015 Series I Preferred Shares $0.4297 March 31, 2015 March 31, 2015 April 15, 2015 Series I‑1 Preferred Units $0.4563 March 31, 2015 March 31, 2015 April 15, 2015 (1) Represents a prorated dividend for the period from January 15, 2015 through March 31, 2015, which is in addition to the $0.14 stub dividend paid on January 22, 2015. On May 21, 2015, the Company’s Board of Directors declared the following cash dividends per share/unit: Security Type Dividend per Share/Unit For the Quarter Ended Record Date Payable Date Common Shares/Units $0.2500 June 30, 2015 June 3, 2015 June 15, 2015 Series H Preferred Shares (2) $0.4688 June 30, 2015 June 30, 2015 July 15, 2015 Series I Preferred Shares (2) $0.4297 June 30, 2015 June 30, 2015 July 15, 2015 Series I‑1 Preferred Units (2) $0.4563 June 30, 2015 June 30, 2015 July 15, 2015 (2) Amounts total $3.0 million and are recorded as distributions payable in the accompanying consolidated balance sheets as of June 30, 2015.

Note 9 - Commitments and Contin

Note 9 - Commitments and Contingencies	6 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	9. Commitments and Contingencies Litigation We are involved from time-to-time in various legal proceedings that arise in the ordinary course of our business, including, but not limited to commercial disputes, environmental matters, and litigation in connection with transactions including acquisitions and divestitures. We believe that such litigation, claims and administrative proceedings will not have a material adverse impact on our financial position or our results of operations. We record a liability when a loss is considered probable and the amount can be reasonably estimated. Two shareholder lawsuits challenging the Merger‑related transactions have been filed in Maryland state court, respectively captioned Zucker v. Glimcher Realty Trust et al., 24‑C‑14‑005675 (Circ. Ct. Baltimore City), filed on October 2, 2014, and Motsch v. Glimcher Realty Trust et al., 24‑C‑14‑006011 (Circ. Ct. Baltimore City), filed on October 23, 2014. The actions were consolidated, and on November 12, 2014 plaintiffs filed a consolidated shareholder class action and derivative complaint, captioned In re Glimcher Realty Trust Shareholder Litigation , 24‑C‑14‑005675 (Circ. Ct. Baltimore City) (the “Consolidated Action”). The Consolidated Action names as defendants the then members of the Glimcher Board of Trustees (the "trustees"), and alleges these defendants breached fiduciary duties. Specifically, plaintiffs in the Consolidated Action allege that the trustees of Glimcher agreed to sell Glimcher for inadequate consideration and agreed to improper deal protection provisions that precluded other bidders from making successful offers. Plaintiffs further allege that the sales process was flawed and conflicted in several respects, including the allegation that the trustees failed to canvas the market for potential buyers, failed to secure a “go‑shop” provision in the merger agreement allowing Glimcher to seek alternative bids after signing the merger agreement, and were improperly influenced by WPG’s early suggestion that the surviving entity would remain headquartered in Ohio and would retain a significant portion of Glimcher management, including the retention of Michael Glimcher as CEO of the surviving entity and positions for Michael Glimcher and another trustee of Glimcher on the board of the surviving entity. Plaintiffs in the Consolidated Action additionally allege that the Preliminary Registration Statement filed with the Securities and Exchange Commission (the "SEC") on October 28, 2014, failed to disclose material information concerning, among other things, (i) the process leading up to the consummation of the Merger Agreement; (ii) the financial analyses performed by Glimcher’s financial advisors; and (iii) certain financial projections prepared by Glimcher and WPG management allegedly relied on by Glimcher's financial advisors. The Consolidated Action also names as defendants Glimcher, WPG and certain of their affiliates, and alleges that these defendants aided and abetted the purported breaches of fiduciary duty. Plaintiffs sought, among other things, an order enjoining or rescinding the transaction, damages, and an award of attorney’s fees and costs. On December 22, 2014, defendants, including the Company, in the Consolidated Action, by and through counsel, entered into a memorandum of understanding (the “MOU”) with plaintiffs in the Consolidated Action providing for the settlement of the Consolidated Action. Under the terms of the MOU, and to avoid the burden and expense of further litigation, the Company and Glimcher agreed to make certain supplemental disclosures related to the then-proposed Merger, all of which were set forth in a Current Report on Form 8‑K filed by Glimcher with the SEC on December 23, 2014. On January 12, 2015, at the Special Meeting of Glimcher shareholders, the shareholders voted to approve the Merger, and on January 15, 2015 the Merger closed. The MOU contemplated that the parties would enter into a stipulation of settlement. The parties entered into such a stipulation on March 30, 2015. The stipulation of settlement was subject to customary conditions, including court approval following notice to Glimcher’s common shareholders. Additionally, in connection with the settlement, the parties contemplate that plaintiffs’ counsel will file a petition in the Circuit Court for Baltimore City for an award of attorneys’ fees in an amount not to exceed $425 and reasonable, documented expenses in an amount not to exceed $20, to be paid by the Company. Accordingly, the Company accrued $445 related to this matter, which expense is included in merger and transaction costs for the six months ended June 30, 2015 in the accompanying consolidated and combined statements of operations and comprehensive income. On June 17, 2015, plaintiffs’ counsel requested a fee award of $425 plus expenses of $18, which amounts are covered by our accrual. A hearing was held on July 17, 2015 at which the Circuit Court for Baltimore City considered the fairness, reasonableness, and adequacy of the settlement. Following the hearing, the court issued an Order and Final Judgment approving the settlement and dismissing the Consolidated Action. The Order and Final Judgment approved plaintiffs’ fee award and expenses in the aggregate amount of $443, which the Company paid on July 23, 2015. Concentration of Credit Risk Our properties rely heavily upon anchor or major tenants to attract customers; however, these retailers do not constitute a material portion of our financial results. Additionally, many anchor retailers in the mall properties own their spaces further reducing their contribution to our operating results. All operations are within the United States and no customer or tenant accounts for 5% or more of our consolidated and combined revenues.

Note 10 - Related Party Transac

Note 10 - Related Party Transactions	6 Months Ended
	Jun. 30, 2015
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	10. Related Party Transactions As described in Note 1 - "Organization" and Note 2 - "Basis of Presentation and Principles of Consolidation and Combination," the accompanying consolidated and combined financial statements include the operations of SPG Businesses as carved-out from the financial statements of SPG for the periods prior to the separation and the operations of the properties under the Company's ownership subsequent to the separation. Transactions between the properties have been eliminated in the consolidated and combined presentation. For periods prior to the separation, a fee for certain centralized SPG costs for activities such as common costs for management and other services, national advertising and promotion programs, consulting, accounting, legal, marketing and management information systems has been charged to the properties in the combined financial statements. In addition, certain commercial general liability and property damage insurance is provided to the properties by an indirect subsidiary of SPG. In connection with the separation, WPG and SPG entered into property management agreements under which SPG manages our legacy SPG mall properties. Additionally, WPG and SPG entered into a transition services agreement pursuant to which SPG provides to WPG, on an interim, transitional basis after the separation date, various services including administrative support for the strip centers, information technology, accounts payable and other financial functions, as well as engineering support, quality assurance support and other administrative services. Under the transition services agreement, SPG charges WPG, based upon SPG's allocation of certain shared costs such as insurance premiums, advertising and promotional programs, leasing and development fees. Amounts charged to expense for property management and common costs, services, and other as well as insurance premiums are included in property operating costs in the consolidated and combined statements of operations and comprehensive loss. Additionally, leasing and development fees charged by SPG are capitalized by the property. Charges for properties which are consolidated and combined for each of the periods presented are as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, 2015 2014 2015 2014 Property management and common costs, services and other $ 5,620 $ 4,794 $ 12,549 $ 10,222 Insurance premiums $ 2,269 $ 2,220 $ 4,538 $ 4,439 Advertising and promotional programs $ 210 $ 210 $ 429 $ 443 Capitalized leasing and development fees $ 2,177 $ 5,657 $ 3,808 $ 6,112 Charges for unconsolidated properties for each of the periods presented are as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, 2015 2014 2015 2014 Property management costs, services and other $ 191 $ 801 $ 413 $ 1,826 Insurance premiums $ 3 $ 54 $ 6 $ 109 Advertising and promotional programs $ 10 $ 13 $ 20 $ 26 Capitalized leasing and development fees $ 10 $ 46 $ 12 $ 97 At June 30, 2015 and December 31, 2014, $4,343 and $4,715, respectively, were payable to SPG and its affiliates and are included in accounts payable, accrued expenses, intangibles, and deferred revenues in the accompanying consolidated balance sheets.

Note 11 - Earnings (Loss) Per S

Note 11 - Earnings (Loss) Per Share	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	11. Earnings (Loss) Per Share We determine basic earnings (loss) per share based on the weighted average number of shares of common stock outstanding during the period and we consider any participating securities for purposes of applying the two-class method. We determine diluted earnings (loss) per share based on the weighted average number of shares of common stock outstanding combined with the incremental weighted average shares that would have been outstanding assuming all potentially dilutive securities were converted into common shares at the earliest date possible. As described in Note 1 - "Organization," the common shares and units outstanding at the separation date are reflected as outstanding for all periods prior to the separation. The following table sets forth the computation of our basic and diluted earnings (loss) per share: For the Three Months Ended June 30, For the Six Months Ended June 30, 2015 2014 2015 2014 Earnings (Loss) Per Share, Basic: Net income (loss) attributable to common shareholders - basic $ 3,901 $ 69,801 $ (8,369 ) $ 104,193 Weighted average shares outstanding - basic 184,250,542 155,162,597 181,925,733 155,162,597 Earnings (loss) per common share, basic $ 0.02 $ 0.45 $ (0.05 ) $ 0.67 Earnings (Loss) Per Share, Diluted: Net income (loss) attributable to common shareholders - basic $ 3,901 $ 69,801 $ (8,369 ) $ 104,193 Net income (loss) attributable to common unitholders 1,048 14,480 (1,248 ) 21,590 Net income (loss) attributable to common shareholders - diluted $ 4,949 $ 84,281 $ (9,617 ) $ 125,783 Weighted average shares outstanding - basic 184,250,542 155,162,597 181,925,733 155,162,597 Weighted average operating partnership units outstanding 34,396,029 31,717,360 34,263,688 31,646,815 Weighted average additional dilutive securities outstanding 1,604,942 10,128 — 5,092 Weighted average shares outstanding - diluted 220,251,513 186,890,085 216,189,421 186,814,504 Earnings (loss) per common share, diluted $ 0.02 $ 0.45 $ (0.05 ) $ 0.67 For the three and six months ended June 30, 2015 and 2014, additionally potentially dilutive securities include unvested restricted shares, outstanding stock options, restricted stock units and performance based and annual LTIP unit awards. For the six months ended June 30, 2015, diluted shares exclude the impact of any such securities because their effect would be anti-dilutive. We accrue dividends when they are declared.

Note 12 - Subsequent Events

Note 12 - Subsequent Events	6 Months Ended
	Jun. 30, 2015
Subsequent Events [Abstract]
Subsequent Events [Text Block]	12. Subsequent Events On July 23, 2015, the Company paid a plaintiffs' fee award and expenses in the aggregate amount of $443 to conclude the Consolidated Action (see the "Litigation" section within Note 9 - "Commitments and Contingencies"). On July 31, 2015, the Company repaid the $115.0 million mortgage on Clay Terrace and, on August 3, 2015, the Company repaid the $24.5 million mortgage on Bloomingdale Court. The repayments were funded with an additional borrowing on the Revolver. On August 3, 2015, the Company’s Board of Directors declared the following cash dividends per share/unit: Security Type Dividend per Share/Unit For the Quarter Ended Record Date Payable Date Common Shares/Units $0.2500 September 30, 2015 September 2, 2015 September 15, 2015 Series H Preferred Shares $0.4688 September 30, 2015 September 30, 2015 October 15, 2015 Series I Preferred Shares $0.4297 September 30, 2015 September 30, 2015 October 15, 2015 Series I‑1 Preferred Units $0.4563 September 30, 2015 September 30, 2015 October 15, 2015

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents We consider all highly liquid investments purchased with an original maturity of 90 days or less to be cash and cash equivalents. Cash equivalents are carried at cost, which approximates fair value. Cash equivalents generally consist of commercial paper, bankers' acceptances, repurchase agreements, and money market deposits or securities. Financial instruments that potentially subject us to concentrations of credit risk include our cash and cash equivalents and our tenant receivables. We place our cash and cash equivalents with institutions with high credit quality. However, at certain times, such cash and cash equivalents may be in excess of FDIC and SIPC insurance limits.
Real Estate, Policy [Policy Text Block]	Investment Properties We record investment properties at fair value when acquired. Investment properties include costs of acquisitions; development, predevelopment, and construction (including allocable salaries and related benefits); tenant allowances and improvements; and interest and real estate taxes incurred during construction. We capitalize improvements and replacements from repair and maintenance when the repair and maintenance extends the useful life, increases capacity, or improves the efficiency of the asset. All other repair and maintenance items are expensed as incurred. We capitalize interest on projects during periods of construction until the projects are ready for their intended purpose based on interest rates in place during the construction period. We record depreciation on buildings and improvements utilizing the straight-line method over an estimated original useful life, which is generally five to 40 years. We review depreciable lives of investment properties periodically and we make adjustments when necessary to reflect a shorter economic life. We amortize tenant allowances and tenant improvements utilizing the straight-line method over the term of the related lease or occupancy term of the tenant, if shorter. We record depreciation on equipment and fixtures utilizing the straight-line method over three to ten years. We review investment properties for impairment on a property-by-property basis whenever events or changes in circumstances indicate that the carrying value of investment properties may not be recoverable. These circumstances include, but are not limited to, declines in a property's cash flows, ending occupancy or declines in tenant sales. We measure any impairment of investment property when the estimated undiscounted operating income before depreciation and amortization plus its residual value is less than the carrying value of the property. To the extent impairment has occurred, we charge to expense the excess of carrying value of the property over its estimated fair value. We estimate fair value using unobservable data such as operating income, estimated capitalization rates, or multiples, leasing prospects and local market information. We may decide to sell properties that are held for use and the sale prices of these properties may differ from their carrying values. We also review our investments, including investments in unconsolidated entities, if events or circumstances change indicating that the carrying amount of our investments may not be recoverable. We will record an impairment charge if we determine that a decline in the fair value of the investments in unconsolidated entities is other-than-temporary. Changes in economic and operating conditions that occur subsequent to our review of recoverability of investment property and other investments in unconsolidated entities could impact the assumptions used in that assessment and could result in future charges to earnings if assumptions regarding those investments differ from actual results.
Equity Method Investments, Policy [Policy Text Block]	Investments in Unconsolidated Entities Joint ventures are common in the real estate industry. We use joint ventures to finance properties, develop new properties, and diversify our risk in a particular property or portfolio of properties. On June 1, 2015, we completed a joint venture transaction with respect to the ownership and operation of five of our properties (see Note 4 - "Real Estate Acquisitions and Dispositions"). We held material unconsolidated joint venture ownership interests in six properties as of June 30, 2015 and one property as of December 31, 2014 . Additionally, in connection with the Merger, we acquired joint venture interests in two entities, one in the development stage and the other with retail operations. Certain of our joint venture properties are subject to various rights of first refusal, buy-sell provisions, put and call rights, or other sale or marketing rights for partners which are customary in real estate joint venture agreements and the industry. We and our partners in these joint ventures may initiate these provisions (subject to any applicable lock up or similar restrictions), which may result in either the sale of our interest or the use of available cash or borrowings to acquire the joint venture interest from our partner.
Fair Value Measurement, Policy [Policy Text Block]	Fair Value Measurements The Company measures and discloses its fair value measurements in accordance with Accounting Standards Codification Topic 820 - “Fair Value Measurement” (“Topic 820”). Topic 820 guidance emphasizes that fair value is a market-based measurement, not an entity-specific measurement. Therefore, a fair value measurement should be determined based on the assumptions that market participants would use in pricing the asset or liability. As a basis for considering market participant assumptions in fair value measurements, Topic 820 establishes a fair value hierarchy that distinguishes between market participant assumptions based on market data obtained from sources independent of the reporting entity (observable inputs that are classified within Levels 1 and 2 of the hierarchy) and the reporting entity's own assumptions about market participant assumptions (unobservable inputs classified within Level 3 of the hierarchy). The fair value hierarchy, as defined by Topic 820, contains three levels of inputs that may be used to measure fair value as follows: • Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access. • Level 2 inputs are inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly such as interest rates, foreign exchange rates, and yield curves, that are observable at commonly quoted intervals. • Level 3 inputs are unobservable inputs for the asset or liability which are typically based on an entity's own assumptions, as there is little, if any, related market activity. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company's assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. Note 6 - "Indebtedness" includes a discussion of the fair value of debt measured using Level 2 inputs. Note 4 - "Real Estate Acquisitions and Dispositions" includes a discussion of the fair values recorded in purchase accounting, using Level 2 and Level 3 inputs. Level 3 inputs to our purchase accounting analyses include our estimations of net operating results of the property, capitalization rates and discount rates. The Company has derivatives that must be measured under the fair value standard (see Note 7 - "Derivative Financial Instruments"). The Company currently does not have any non-financial assets and non-financial liabilities that are required to be measured at fair value on a recurring basis.
Business Combinations Policy [Policy Text Block]	Purchase Accounting Allocation We allocate the purchase price of acquisitions and any excess investment in unconsolidated entities to the various components of the acquisition based upon the fair value of each component which may be derived from various observable or unobservable inputs and assumptions. Also, we may utilize third party valuation specialists. These components typically include buildings, land and intangibles related to in-place leases and we estimate: • the fair value of land and related improvements and buildings on an as-if-vacant basis, • the market value of in-place leases based upon our best estimate of current market rents and amortize the resulting market rent adjustment into revenues, • the value of costs to obtain tenants, including tenant allowances and improvements and leasing commissions, and • the value of revenue and recovery of costs foregone during a reasonable lease-up period, as if the space was vacant. Amounts allocated to building are depreciated over the estimated remaining life of the acquired building or related improvements. We amortize amounts allocated to tenant improvements, in-place lease assets and other lease-related intangibles over the remaining life of the underlying leases. We also estimate the value of other acquired intangible assets, if any, which are amortized over the remaining life of the underlying related intangibles.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates We prepared the accompanying consolidated and combined financial statements in accordance with GAAP. GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and revenues and expenses during the reported period. Our actual results could differ from these estimates.
Segment Reporting, Policy [Policy Text Block]	Segment Disclosure Our primary business is the ownership, development and management of retail real estate. We have aggregated our operations, including malls and strip centers, into one reportable segment because they have similar economic characteristics and we provide similar products and services to similar types of, and in many cases, the same tenants.
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Pronouncements In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09, "Revenue from Contracts with Customers (Topic 606)." ASU No. 2014-09 revises GAAP by offering a single comprehensive revenue recognition standard instead of numerous revenue requirements for particular industries or transactions, which sometimes resulted in different accounting for economically similar transactions. An entity has the option to apply the provisions of ASU No. 2014-09 either retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of initially applying this standard recognized at the date of initial application. On July 9, 2015, the FASB announced it would defer the effective date by one year to December 15, 2017 for annual reporting periods beginning after that date. The FASB also decided to permit early adoption of the standard, but not before the original effective date of December 15, 2016. We are currently evaluating our method of adopting and the impact, if any, the adoption of this standard will have on our consolidated financial statements. In February 2015, the FASB issued ASU No. 2015-02, "Consolidation (Topic 810): Amendments to the Consolidation Analysis." This standard changes the way reporting enterprises must evaluate the consolidation of limited partnerships, variable interests and similar entities. It is effective for the first annual reporting period beginning after December 15, 2015, with early adoption permitted. We are currently evaluating the impact, if any, the adoption of this standard will have on our consolidated financial statements. In April 2015, the FASB issued ASU No. 2015-03, "Simplifying the Presentation of Debt Issuance Costs." This standard amends existing guidance to require the presentation of debt issuance costs in the balance sheet as a deduction from the carrying amount of the related debt liability instead of as a deferred charge. It is effective for annual reporting periods beginning after December 15, 2015, but early adoption is permitted. We expect this new guidance will reduce total assets and total long-term debt on our consolidated balance sheets by amounts classified as deferred debt issuance costs, but do not expect this standard to have any other effect on our consolidated financial statements.

Note 4 - Real Estate Acquisit21

Note 4 - Real Estate Acquisitions and Dispositions (Tables)	6 Months Ended
	Jun. 30, 2015
Disclosure Text Block Supplement [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Investment properties $ 3,054,194 Cash and cash equivalents (1) 553,835 Tenant accounts receivable 14,263 Investment in and advances to unconsolidated real estate entities 15,803 Deferred costs and other assets (including intangibles) 316,436 Accounts payable, accrued expenses, intangibles, and deferred revenue (196,847 ) Distributions payable (2,658 ) Redeemable noncontrolling interests, including preferred units (6,148 ) Total assets acquired and liabilities assumed 3,748,878 Fair value of mortgage notes payable assumed (1,358,184 ) Net assets acquired 2,390,694 Less: Common shares issued (535,490 ) Less: Preferred shares issued (319,960 ) Less: Common operating partnership units issued to limited partners (29,482 ) Less: Cash and cash equivalents acquired (553,835 ) Net cash paid for acquisition $ 951,927 (1) Includes the proceeds from the Property Sale, net of the repayment of the $155.0 million balance on the Glimcher credit facility.
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	Shopping Center Name Acquisition Date Location Percent Acquired Purchase Price (In Millions) Gain (In Millions) Whitehall Mall December 1, 2014 Whitehall, PA 50% $ 14.9 $ 10.5 Clay Terrace June 20, 2014 Carmel, IN 50% $ 22.9 $ 46.6 Seven Open-Air Shopping Centers June 18, 2014 Various Various $ 162.0 $ 42.3
Business Acquisition, Pro Forma Information [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Total revenues $ 213,685 $ 216,990 $ 425,443 $ 430,810 Net income (loss) attributable to the Company $ 12,031 $ (17,260 ) $ 19,163 $ 3,181 Net income (loss) attributable to common shareholders $ 8,407 $ (20,768 ) $ 12,031 $ (3,835 ) Earnings (loss) per common share-basic and diluted $ 0.05 $ (0.11 ) $ 0.07 $ (0.02 ) Weighted average shares outstanding-basic (in thousands) 184,251 183,992 184,156 183,992 Weighted average shares outstanding-diluted (in thousands) 220,252 217,331 220,092 217,265

Note 5 - Investment in Uncons22

Note 5 - Investment in Unconsolidated Entities at Equity (Tables)	6 Months Ended
	Jun. 30, 2015
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments [Table Text Block]	For the Three Months Ended June 30, For the Six Months Ended June 30, 2015 2014 2015 2014 Total revenues $ 21,168 $ 14,028 $ 29,956 $ 30,759 Operating expenses 9,934 5,047 13,826 11,303 Depreciation and amortization 9,779 3,372 11,061 7,300 Operating income 1,455 5,609 5,069 12,156 Interest expense, net (3,329 ) (3,273 ) (4,427 ) (6,835 ) Net (loss) income (1,874 ) 2,336 642 5,321 Preferred dividends (60 ) — (109 ) — Net (loss) income from the Company’s unconsolidated real estate entities $ (1,934 ) $ 2,336 $ 533 $ 5,321 Our share of (loss) income from the Company's unconsolidated real estate entities $ (1,703 ) $ 402 $ (1,487 ) $ 747

Note 6 - Indebtedness (Tables)

Note 6 - Indebtedness (Tables)	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments [Table Text Block]	June 30, 2015 December 31, 2014 Face amount of mortgage loans $ 1,931,020 $ 1,431,516 Fair value adjustments, net 22,335 3,598 Carrying value of mortgage loans $ 1,953,355 $ 1,435,114
Roll Forward of Mortgage Indebtedness [Table Text Block]	Balance, December 31, 2014 $ 1,435,114 Debt assumptions at fair value 1,364,503 Repayment of debt (418,606 ) Debt issuances 390,000 Debt amortization payments (10,724 ) Debt transferred to unconsolidated entities (795,711 ) Amortization of fair value and other adjustments (11,221 ) Balance, June 30, 2015 $ 1,953,355
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]	June 30, 2015 December 31, 2014 Fair value of fixed-rate mortgages $1,829,443 $1,503,944 Weighted average discount rates assumed in calculation of fair value for fixed-rate mortgages 3.37 % 3.36 %

Note 7 - Derivative Financial24

Note 7 - Derivative Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location [Table Text Block]	Derivatives designated as hedging instruments: Balance Sheet Location As of June 30, 2015 Interest rate products Asset Derivatives Deferred costs and other assets $ 3,856 Interest rate products Liability Derivatives Accounts payable, accrued expenses, intangibles and deferred revenues $ 207
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block]	Derivatives in Cash Flow Hedging Relationships Amount of Gain or (Loss) Recognized in OCI on Derivative (Effective Portion) Location of Gain or (Loss) Reclassified from AOCI into Income (Effective Portion) Amount of Gain or (Loss) Reclassified from AOCI into Income (Effective Portion) Location of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing) Amount of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing) Three months ending Three months ending Three months ending June 30, June 30, June 30, 2015 2015 2015 Interest rate products $ 4,615 Interest expense $ (29 ) Interest expense $ — Derivatives in Cash Flow Hedging Relationships Amount of Gain or (Loss) Recognized in OCI on Derivative (Effective Portion) Location of Gain or (Loss) Reclassified from AOCI into Income (Effective Portion) Amount of Gain or (Loss) Reclassified from AOCL into Income (Effective Portion) Location of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing) Amount of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing) Six months ending Six months ending Six months ending June 30, June 30, June 30, 2015 2015 2015 Interest rate products $ 4,211 Interest expense $ (32 ) Interest expense $ —
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]	Quoted Prices in Active Markets for Identical Liabilities (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Balance at June 30, 2015 Asset Derivatives $ — $ 3,856 $ — $ 3,856 Liability Derivatives $ — $ 207 $ — $ 207

Note 8 - Equity (Tables)

Note 8 - Equity (Tables)	6 Months Ended
	Jun. 30, 2015
Stockholders' Equity Note [Abstract]
Dividends Declared [Table Text Block]	Security Type Dividend per Share/Unit For the Quarter Ended Record Date Payable Date Common Shares/Units (1) $0.1100 March 31, 2015 March 6, 2015 March 16, 2015 Series G Preferred Shares $0.5078 March 31, 2015 March 31, 2015 April 15, 2015 Series H Preferred Shares $0.4688 March 31, 2015 March 31, 2015 April 15, 2015 Series I Preferred Shares $0.4297 March 31, 2015 March 31, 2015 April 15, 2015 Series I‑1 Preferred Units $0.4563 March 31, 2015 March 31, 2015 April 15, 2015 Security Type Dividend per Share/Unit For the Quarter Ended Record Date Payable Date Common Shares/Units $0.2500 June 30, 2015 June 3, 2015 June 15, 2015 Series H Preferred Shares (2) $0.4688 June 30, 2015 June 30, 2015 July 15, 2015 Series I Preferred Shares (2) $0.4297 June 30, 2015 June 30, 2015 July 15, 2015 Series I‑1 Preferred Units (2) $0.4563 June 30, 2015 June 30, 2015 July 15, 2015

Note 10 - Related Party Trans26

Note 10 - Related Party Transactions (Tables) - Simon Property Group, Inc. [Member]	6 Months Ended
	Jun. 30, 2015
Consolidated Properties [Member]
Note 10 - Related Party Transactions (Tables) [Line Items]
Schedule of Related Party Transactions [Table Text Block]	For the Three Months Ended June 30, For the Six Months Ended June 30, 2015 2014 2015 2014 Property management and common costs, services and other $ 5,620 $ 4,794 $ 12,549 $ 10,222 Insurance premiums $ 2,269 $ 2,220 $ 4,538 $ 4,439 Advertising and promotional programs $ 210 $ 210 $ 429 $ 443 Capitalized leasing and development fees $ 2,177 $ 5,657 $ 3,808 $ 6,112
Unconsolidated Properties [Member]
Note 10 - Related Party Transactions (Tables) [Line Items]
Schedule of Related Party Transactions [Table Text Block]	For the Three Months Ended June 30, For the Six Months Ended June 30, 2015 2014 2015 2014 Property management costs, services and other $ 191 $ 801 $ 413 $ 1,826 Insurance premiums $ 3 $ 54 $ 6 $ 109 Advertising and promotional programs $ 10 $ 13 $ 20 $ 26 Capitalized leasing and development fees $ 10 $ 46 $ 12 $ 97

Note 11 - Earnings (Loss) Per27

Note 11 - Earnings (Loss) Per Share (Tables)	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	For the Three Months Ended June 30, For the Six Months Ended June 30, 2015 2014 2015 2014 Earnings (Loss) Per Share, Basic: Net income (loss) attributable to common shareholders - basic $ 3,901 $ 69,801 $ (8,369 ) $ 104,193 Weighted average shares outstanding - basic 184,250,542 155,162,597 181,925,733 155,162,597 Earnings (loss) per common share, basic $ 0.02 $ 0.45 $ (0.05 ) $ 0.67 Earnings (Loss) Per Share, Diluted: Net income (loss) attributable to common shareholders - basic $ 3,901 $ 69,801 $ (8,369 ) $ 104,193 Net income (loss) attributable to common unitholders 1,048 14,480 (1,248 ) 21,590 Net income (loss) attributable to common shareholders - diluted $ 4,949 $ 84,281 $ (9,617 ) $ 125,783 Weighted average shares outstanding - basic 184,250,542 155,162,597 181,925,733 155,162,597 Weighted average operating partnership units outstanding 34,396,029 31,717,360 34,263,688 31,646,815 Weighted average additional dilutive securities outstanding 1,604,942 10,128 — 5,092 Weighted average shares outstanding - diluted 220,251,513 186,890,085 216,189,421 186,814,504 Earnings (loss) per common share, diluted $ 0.02 $ 0.45 $ (0.05 ) $ 0.67

Note 12 - Subsequent Events (Ta

Note 12 - Subsequent Events (Tables)	6 Months Ended
	Jun. 30, 2015
Note 12 - Subsequent Events (Tables) [Line Items]
Dividends Declared [Table Text Block]	Security Type Dividend per Share/Unit For the Quarter Ended Record Date Payable Date Common Shares/Units (1) $0.1100 March 31, 2015 March 6, 2015 March 16, 2015 Series G Preferred Shares $0.5078 March 31, 2015 March 31, 2015 April 15, 2015 Series H Preferred Shares $0.4688 March 31, 2015 March 31, 2015 April 15, 2015 Series I Preferred Shares $0.4297 March 31, 2015 March 31, 2015 April 15, 2015 Series I‑1 Preferred Units $0.4563 March 31, 2015 March 31, 2015 April 15, 2015 Security Type Dividend per Share/Unit For the Quarter Ended Record Date Payable Date Common Shares/Units $0.2500 June 30, 2015 June 3, 2015 June 15, 2015 Series H Preferred Shares (2) $0.4688 June 30, 2015 June 30, 2015 July 15, 2015 Series I Preferred Shares (2) $0.4297 June 30, 2015 June 30, 2015 July 15, 2015 Series I‑1 Preferred Units (2) $0.4563 June 30, 2015 June 30, 2015 July 15, 2015
Subsequent Event [Member]
Note 12 - Subsequent Events (Tables) [Line Items]
Dividends Declared [Table Text Block]	Security Type Dividend per Share/Unit For the Quarter Ended Record Date Payable Date Common Shares/Units $0.2500 September 30, 2015 September 2, 2015 September 15, 2015 Series H Preferred Shares $0.4688 September 30, 2015 September 30, 2015 October 15, 2015 Series I Preferred Shares $0.4297 September 30, 2015 September 30, 2015 October 15, 2015 Series I‑1 Preferred Units $0.4563 September 30, 2015 September 30, 2015 October 15, 2015

Note 1 - Organization (Details)

Note 1 - Organization (Details) $ / shares in Units, $ in Thousands, ft² in Millions	Jan. 15, 2015USD ($)ft²$ / sharesshares	May. 28, 2014	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Dec. 31, 2014USD ($)ft²	Jun. 01, 2015	Feb. 28, 2014
Note 1 - Organization (Details) [Line Items]
Real Estate Investment Trust, Minimum Percentage Required for Distribution to Not be Liable for Federal Income Taxes					100.00%
Business Combination, Integration Related Costs (in Dollars)			$ 4,903	$ 0	$ 25,713	$ 0	$ 8,800
Restructuring and Related Cost, Expected Cost (in Dollars)			8,000		$ 8,000
Severance Costs (in Dollars)			$ 4,200
Simon Property Group, Inc. [Member]
Note 1 - Organization (Details) [Line Items]
Percentage of Entity Common Shares Distributed From Former Parent		100.00%
O'Connor Joint Venture [Member]
Note 1 - Organization (Details) [Line Items]
Number of Real Estate Properties								5
Glimcher Realty Trust [Member]
Note 1 - Organization (Details) [Line Items]
Number of Real Estate Properties							25
Business Combination, Consideration Transferred (in Dollars)	$ 4,200,000
Area of Real Estate Property (in Square Feet) | ft²							17.2
Per Share Payments to Acquire Businesses, Gross (in Dollars per share) | $ / shares	$ 14.02
Business Combination, Consideration Transferred in Cash Per Share (in Dollars per share) | $ / shares	$ 10.40
Business Acquisition, Equity Interests Issued or Issuable, Number of Shares Issued for Each Share Held in Acquiree Entity (in Shares) | shares	0.1989
Business Acquisition, Share Price (in Dollars per share) | $ / shares	$ 3.62
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in Shares) | shares	29,942,877
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt (in Dollars)	$ 1,358,184
Glimcher Realty Trust [Member] | Simon Property Group, Inc. [Member]
Note 1 - Organization (Details) [Line Items]
Number of Real Estate Properties Sold to Fund Merger Consideration	2
Shopping Centers [Member]
Note 1 - Organization (Details) [Line Items]
Number of Real Estate Properties			121		121
Shopping Centers [Member] | Ownership Interest Transfered [Member]
Note 1 - Organization (Details) [Line Items]
Number of Real Estate Properties		98
Shopping Centers [Member] | Glimcher Realty Trust [Member]
Note 1 - Organization (Details) [Line Items]
Number of Real Estate Properties	23
Area of Real Estate Property (in Square Feet) | ft²	15.8
Additional Mortgages on Properties Acquired	14
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt (in Dollars)	$ 1,400,000
Simon Property Group, Inc. [Member]
Note 1 - Organization (Details) [Line Items]
Percentage of Entity Common Shares Distributed From Former Parent		100.00%
Simon Property Group, Inc. [Member] | Ownership Interest Distributed [Member]
Note 1 - Organization (Details) [Line Items]
Number of Real Estate Properties		98
Simon Property Group, Inc. [Member] | Jersey Gardens Mall and UPV Mall [Member]
Note 1 - Organization (Details) [Line Items]
Business Combination, Consideration Transferred (in Dollars)	1,090,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt (in Dollars)	$ 405,000
Simon Property Group, Inc. [Member] | Shopping Centers [Member] | Ownership Interest Sold [Member]
Note 1 - Organization (Details) [Line Items]
Number of Real Estate Properties									1
WP Glimcher [Member]
Note 1 - Organization (Details) [Line Items]
Number of Real Estate Properties	121
Area of Real Estate Property (in Square Feet) | ft²	68
Washington Prime [Member]
Note 1 - Organization (Details) [Line Items]
Area of Real Estate Property (in Square Feet) | ft²							53
Glimcher Operating Partnership [Member] | Glimcher Realty Trust [Member]
Note 1 - Organization (Details) [Line Items]
Conversion Ratio Upon Merger	0.7431
Employee Severance [Member]
Note 1 - Organization (Details) [Line Items]
Restructuring and Related Cost, Expected Cost (in Dollars)			$ 4,000		$ 4,000
Stock Compensation Benefits [Member]
Note 1 - Organization (Details) [Line Items]
Restructuring and Related Cost, Expected Cost (in Dollars)			$ 4,000		$ 4,000

Note 2 - Basis of Presentatio30

Note 2 - Basis of Presentation and Principles of Consolidation and Combination (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Dec. 31, 2014
Note 2 - Basis of Presentation and Principles of Consolidation and Combination (Details) [Line Items]
Business Combination, Acquisition Related Costs (in Dollars)	$ 0	$ 39,931	$ 0	$ 39,931
Threshold Ownership Interest in Which Entity Controls that Properties are Included in Financial Statements			100.00%
Shopping Centers [Member]
Note 2 - Basis of Presentation and Principles of Consolidation and Combination (Details) [Line Items]
Number of Real Estate Properties	121		121
Wholly Owned Properties [Member]
Note 2 - Basis of Presentation and Principles of Consolidation and Combination (Details) [Line Items]
Number of Real Estate Properties	108		108
Partially Owned Properties [Member]
Note 2 - Basis of Presentation and Principles of Consolidation and Combination (Details) [Line Items]
Number of Real Estate Properties	7		7
Corporate Joint Venture [Member]
Note 2 - Basis of Presentation and Principles of Consolidation and Combination (Details) [Line Items]
Number of Real Estate Properties	6		6
WPG L.P. [Member]
Note 2 - Basis of Presentation and Principles of Consolidation and Combination (Details) [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent	84.10%	82.80%	84.10%	82.80%
Weighted Average [Member] | WPG L.P. [Member]
Note 2 - Basis of Presentation and Principles of Consolidation and Combination (Details) [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent	84.20%		84.20%		82.40%

Note 3 - Summary of Significa31

Note 3 - Summary of Significant Accounting Policies (Details)	6 Months Ended
	Jun. 30, 2015	Jun. 01, 2015	Dec. 31, 2014
Note 3 - Summary of Significant Accounting Policies (Details) [Line Items]
Number of Days, Or Less, to Maturity for a Highly Liquid Investment to Be Considered a Cash Equivalent	90 days
Number of Reportable Segments	1
Unconsolidated Properties [Member]
Note 3 - Summary of Significant Accounting Policies (Details) [Line Items]
Number of Real Estate Properties	6		1
O'Connor Joint Venture [Member]
Note 3 - Summary of Significant Accounting Policies (Details) [Line Items]
Number of Real Estate Properties		5
Glimcher Realty Trust [Member]
Note 3 - Summary of Significant Accounting Policies (Details) [Line Items]
Number of Real Estate Properties			25
Glimcher Realty Trust [Member] | Unconsolidated Properties [Member]
Note 3 - Summary of Significant Accounting Policies (Details) [Line Items]
Number of Investments in Unconsolidated Entities Acquired	2
Number of Joint Venture Development Stage Entities Acquired	1
Number of Joint Venture Retail Operation Entities Acquired	1
Minimum [Member] | Building and Building Improvements [Member]
Note 3 - Summary of Significant Accounting Policies (Details) [Line Items]
Property, Plant and Equipment, Useful Life	5 years
Minimum [Member] | Equipment and Fixture [Member]
Note 3 - Summary of Significant Accounting Policies (Details) [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Maximum [Member] | Building and Building Improvements [Member]
Note 3 - Summary of Significant Accounting Policies (Details) [Line Items]
Property, Plant and Equipment, Useful Life	40 years
Maximum [Member] | Equipment and Fixture [Member]
Note 3 - Summary of Significant Accounting Policies (Details) [Line Items]
Property, Plant and Equipment, Useful Life	10 years

Note 4 - Real Estate Acquisit32

Note 4 - Real Estate Acquisitions and Dispositions (Details) $ in Thousands	Jun. 01, 2015USD ($)	Jan. 15, 2015USD ($)	Jan. 13, 2015USD ($)	Jun. 23, 2014USD ($)	Feb. 28, 2014USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Dec. 31, 2014
O'Connor Joint Venture [Member]
Note 4 - Real Estate Acquisitions and Dispositions (Details) [Line Items]
Number of Real Estate Properties	5
Real Estate Investments, Joint Ventures	$ 1,625,000
Joint Venture Interest, Ownership Percentage by Parent	51.00%
Joint Venture Interest, Ownership Percentage by Third Party	49.00%
Proceeds from Real Estate and Real Estate Joint Ventures After Assumption of Debt and Transaction Costs	$ 432,000
Real Estate Joint Venture, Development Costs Reimbursed	28,700
Glimcher Credit Facility [Member]
Note 4 - Real Estate Acquisitions and Dispositions (Details) [Line Items]
Repayments of Lines of Credit							$ 155,000
Other Income [Member] | O'Connor Joint Venture [Member]
Note 4 - Real Estate Acquisitions and Dispositions (Details) [Line Items]
Gain (Loss) on Sale of Interest in Projects	$ 5,100
Shopping Centers [Member]
Note 4 - Real Estate Acquisitions and Dispositions (Details) [Line Items]
Number of Real Estate Properties						121	121
Glimcher Realty Trust [Member]
Note 4 - Real Estate Acquisitions and Dispositions (Details) [Line Items]
Number of Real Estate Properties								25
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual						$ 71,200	$ 140,000
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual						(9,100)	1,300
Business Combination, Consideration Transferred		$ 4,200,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt		$ 1,358,184
Glimcher Realty Trust [Member] | Shopping Centers [Member]
Note 4 - Real Estate Acquisitions and Dispositions (Details) [Line Items]
Number of Real Estate Properties		23
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt		$ 1,400,000
Canyon View Marketplace [Member]
Note 4 - Real Estate Acquisitions and Dispositions (Details) [Line Items]
Business Combination, Consideration Transferred			$ 10,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt			$ 5,500
Deferred Costs and Other Assets [Member] | Glimcher Realty Trust [Member]
Note 4 - Real Estate Acquisitions and Dispositions (Details) [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles						98,900	98,900
Accounts Payable, Accrued Expenses, Intangibles, and Deferred Revenues [Member] | Glimcher Realty Trust [Member]
Note 4 - Real Estate Acquisitions and Dispositions (Details) [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Liabilities						$ 53,000	$ 53,000
Simon Property Group, Inc. [Member] | Shopping Centers [Member]
Note 4 - Real Estate Acquisitions and Dispositions (Details) [Line Items]
Number Of Real Estate Properties Disposed					1
Gain (Loss) on Disposition of Assets					$ 200
Scottsdale Quarter [Member] | O'Connor Joint Venture [Member]
Note 4 - Real Estate Acquisitions and Dispositions (Details) [Line Items]
Real Estate Joint Venture, Development Costs Reimbursed, Percentage	49.00%
New Castle Plaza [Member] | Consolidated Properties [Member]
Note 4 - Real Estate Acquisitions and Dispositions (Details) [Line Items]
Proceeds from Sale of Real Estate				$ 4,400
Gain (Loss) on Sale of Properties				$ 2,400

Note 4 - Real Estate Acquisit33

Note 4 - Real Estate Acquisitions and Dispositions (Details) - Summary of Purchase Price Allocation - USD ($) $ in Thousands		Jan. 15, 2015	Jun. 30, 2015	Jun. 30, 2014
Note 4 - Real Estate Acquisitions and Dispositions (Details) - Summary of Purchase Price Allocation [Line Items]
Investment properties		$ 3,054,194
Net cash paid for acquisition		951,927	$ 956,608	$ 154,370
Glimcher Realty Trust [Member]
Note 4 - Real Estate Acquisitions and Dispositions (Details) - Summary of Purchase Price Allocation [Line Items]
Cash and cash equivalents (1)	[1]	553,835
Tenant accounts receivable		14,263
Investment in and advances to unconsolidated real estate entities		15,803
Deferred costs and other assets (including intangibles)		316,436
Accounts payable, accrued expenses, intangibles, and deferred revenue		(196,847)
Distributions payable		(2,658)
Redeemable noncontrolling interests, including preferred units		(6,148)
Total assets acquired and liabilities assumed		3,748,878
Fair value of mortgage notes payable assumed		(1,358,184)
Net assets acquired		2,390,694
Less: Cash and cash equivalents acquired		(553,835)
Glimcher Realty Trust [Member] | Common Stock [Member]
Note 4 - Real Estate Acquisitions and Dispositions (Details) - Summary of Purchase Price Allocation [Line Items]
Less: Equity issued		(535,490)
Glimcher Realty Trust [Member] | Preferred Stock [Member]
Note 4 - Real Estate Acquisitions and Dispositions (Details) - Summary of Purchase Price Allocation [Line Items]
Less: Equity issued		(319,960)
Glimcher Realty Trust [Member] | Capital Units [Member]
Note 4 - Real Estate Acquisitions and Dispositions (Details) - Summary of Purchase Price Allocation [Line Items]
Less: Equity issued		$ (29,482)
[1]	Includes the proceeds from the Property Sale, net of the repayment of the $155.0 million balance on the Glimcher credit facility.

Note 4 - Real Estate Acquisit34

Note 4 - Real Estate Acquisitions and Dispositions (Details) - Acquired Property - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Business Acquisition [Line Items]
Gain	$ 5,147	$ 91,268	$ 5,147	$ 91,510
Seven Open-Air Shopping Centers	$ 5,147	$ 91,268	$ 5,147	$ 91,510
Whitehall Mall [Member]
Business Acquisition [Line Items]
Acquisition date					Dec. 1, 2014
Percent acquired					50.00%
Purchase price					$ 14,900
Gain					$ 10,500
Seven Open-Air Shopping Centers					Dec. 1, 2014
Seven Open-Air Shopping Centers					$ 14,900
Seven Open-Air Shopping Centers					$ 10,500
Clay Terrace [Member]
Business Acquisition [Line Items]
Acquisition date					Jun. 20, 2014
Percent acquired					50.00%
Purchase price					$ 22,900
Gain					$ 46,600
Seven Open-Air Shopping Centers					Jun. 20, 2014
Seven Open-Air Shopping Centers					$ 22,900
Seven Open-Air Shopping Centers					$ 46,600
Seven Open-Air Shopping Centers [Member]
Business Acquisition [Line Items]
Acquisition date					Jun. 18, 2014
Purchase price					$ 162,000
Gain					$ 42,300
Seven Open-Air Shopping Centers					Jun. 18, 2014
Seven Open-Air Shopping Centers					Various
Seven Open-Air Shopping Centers					$ 162,000
Seven Open-Air Shopping Centers					$ 42,300

Note 4 - Real Estate Acquisit35

Note 4 - Real Estate Acquisitions and Dispositions (Details) - Unaudited Condensed Pro Forma Financial Information - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Unaudited Condensed Pro Forma Financial Information [Abstract]
Total revenues	$ 213,685	$ 216,990	$ 425,443	$ 430,810
Net income (loss) attributable to the Company	12,031	(17,260)	19,163	3,181
Net income (loss) attributable to common shareholders	$ 8,407	$ (20,768)	$ 12,031	$ (3,835)
Earnings (loss) per common share-basic and diluted (in Dollars per share)	$ 0.05	$ (0.11)	$ 0.07	$ (0.02)
Weighted average shares outstanding-basic (in thousands) (in Shares)	184,251	183,992	184,156	183,992
Weighted average shares outstanding-diluted (in thousands) (in Shares)	220,252	217,331	220,092	217,265

Note 5 - Investment in Uncons36

Note 5 - Investment in Unconsolidated Entities at Equity (Details) - Jun. 30, 2015 - ft² ft² in Millions	Total
O'Connor Capital Partners [Member]
Note 5 - Investment in Unconsolidated Entities at Equity (Details) [Line Items]
Equity Method Investment, Ownership Percentage	51.00%
The Seminole Joint Venture [Member]
Note 5 - Investment in Unconsolidated Entities at Equity (Details) [Line Items]
Equity Method Investment, Ownership Percentage	12.00%
The Seminole Joint Venture [Member] | Direct Interest [Member]
Note 5 - Investment in Unconsolidated Entities at Equity (Details) [Line Items]
Equity Method Investment, Ownership Percentage	45.00%
Other Joint Venture [Member] | Indirect Interest [Member]
Note 5 - Investment in Unconsolidated Entities at Equity (Details) [Line Items]
Equity Method Investment, Ownership Percentage	12.50%
Joint Venture That Previously Owned Seven Open-air Shopping Center [Member]
Note 5 - Investment in Unconsolidated Entities at Equity (Details) [Line Items]
Number of Real Estate Properties	7
Pearlridge Center [Member] | O'Connor Joint Venture [Member]
Note 5 - Investment in Unconsolidated Entities at Equity (Details) [Line Items]
Number of Properties Subject to Ground Leases	1
Seminole Town Center [Member] | The Seminole Joint Venture [Member]
Note 5 - Investment in Unconsolidated Entities at Equity (Details) [Line Items]
Area of Real Estate Property (in Square Feet)	1.1

Note 5 - Investment in Uncons37

Note 5 - Investment in Unconsolidated Entities at Equity (Details) - Combined Statements of Operations for the Unconsolidated Joint Venture Properties - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Combined Statements of Operations for the Unconsolidated Joint Venture Properties [Abstract]
Total revenues	$ 21,168	$ 14,028	$ 29,956	$ 30,759
Operating expenses	9,934	5,047	13,826	11,303
Depreciation and amortization	9,779	3,372	11,061	7,300
Operating income	1,455	5,609	5,069	12,156
Interest expense, net	(3,329)	(3,273)	(4,427)	(6,835)
Net (loss) income	(1,874)	2,336	642	5,321
Preferred dividends	(60)	0	(109)	0
Net (loss) income from the Company’s unconsolidated real estate entities	(1,934)	2,336	533	5,321
Our share of (loss) income from the Company's unconsolidated real estate entities	$ (1,703)	$ 402	$ (1,487)	$ 747

Note 6 - Indebtedness (Details)

Note 6 - Indebtedness (Details) $ in Thousands

Jun. 30, 2015USD ($)

Jun. 04, 2015USD ($)

Jun. 02, 2015USD ($)

Jun. 01, 2015USD ($)

May. 21, 2015USD ($)

Mar. 27, 2015USD ($)

Mar. 24, 2015USD ($)

Jan. 15, 2015USD ($)

Dec. 31, 2014USD ($)

Sep. 23, 2014USD ($)

May. 15, 2014USD ($)

Jun. 30, 2015USD ($)

Jun. 30, 2015USD ($)

Jun. 04, 2015USD ($)

Dec. 31, 2014USD ($)

Jun. 19, 2015USD ($)

Jan. 13, 2015USD ($)

Note 6 - Indebtedness (Details) [Line Items]

Proceeds from Refinancing of Debt

$ 21,200

Mortgages Transferred to Unconsolidated Entities

$ 795,700

Long-term Debt

$ 1,953,355

$ 1,435,114

$ 1,953,355

$ 1,953,355

$ 1,435,114

Bridge Loan

$ 1,190,000

Number of Properties Encumbered by Cross-defaulted and Cross-collateralized Mortgages

6

6

6

Canyon View Marketplace [Member]

Note 6 - Indebtedness (Details) [Line Items]

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt

$ 5,500

Glimcher Realty Trust [Member]

Note 6 - Indebtedness (Details) [Line Items]

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt

1,358,184

Mortgages [Member]

Note 6 - Indebtedness (Details) [Line Items]

Mortgages Transferred to Unconsolidated Entities

$ 795,711

Long-term Debt

$ 1,953,355

1,435,114

$ 1,953,355

1,953,355

1,435,114

Proceeds from Issuance of Long-term Debt

$ 390,000

Mortgages [Member] | Canyon View Marketplace [Member]

Note 6 - Indebtedness (Details) [Line Items]

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt

$ 6,400

Mortgages [Member] | WP Glimcher [Member]

Note 6 - Indebtedness (Details) [Line Items]

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt

$ 1,400,000

Additional Mortgages on Properties Acquired

14

Senior Notes [Member]

Note 6 - Indebtedness (Details) [Line Items]

Debt Instrument, Interest Rate, Stated Percentage

3.85%

Proceeds from Issuance of Long-term Debt

$ 248,400

Debt Instrument, Face Amount

$ 250,000

Fair Value Inputs, Discount Rate

0.028%

Secured Debt [Member]

Note 6 - Indebtedness (Details) [Line Items]

Mortgage Loans on Real Estate, Number of Loans

36

Number of Partial Recourse Loans

1

1

1

Number of Cross Defaulted and Cross Collateralized Mortgage Pools With Collateral Properties

41

41

41

Number of Properties Cross Defaulted and Cross Collateralized Mortgages Total

2

2

2

Mortgage Loans On Real Estate Minimum Number of Consecutive Quarters for Which Cash Levels Should Attain the Benchmark

2

2

2

Maximum [Member]

Note 6 - Indebtedness (Details) [Line Items]

Bridge Loan

$ 1,250,000

West Town Corners [Member] | Mortgages [Member]

Note 6 - Indebtedness (Details) [Line Items]

Repayments of Debt

$ 18,800

Gaitway Plaza [Member] | Mortgages [Member]

Note 6 - Indebtedness (Details) [Line Items]

Repayments of Debt

$ 13,900

Pearlridge Center [Member] | Mortgages [Member]

Note 6 - Indebtedness (Details) [Line Items]

Extinguishment of Debt, Amount

171,000

Non-Recourse Debt

$ 225,000

Debt Instrument, Term

10 years

Debt Instrument, Interest Rate, Stated Percentage

3.53%

Scottsdale Quarter [Member] | Mortgages [Member]

Note 6 - Indebtedness (Details) [Line Items]

Extinguishment of Debt, Amount

$ 195,000

Non-Recourse Debt

$ 165,000

Debt Instrument, Term

10 years

Debt Instrument, Interest Rate, Stated Percentage

3.53%

Bridge Loan [Member]

Note 6 - Indebtedness (Details) [Line Items]

Debt Instrument, Term

364 days

Bridge Loan [Member] | Interest Expense [Member]

Note 6 - Indebtedness (Details) [Line Items]

Accelerated Amortization of Financing Costs

$ 6,300

$ 10,400

Bridge Loan [Member] | Glimcher Realty Trust [Member]

Note 6 - Indebtedness (Details) [Line Items]

Financial Services Costs

$ 10,400

Bridge Loan [Member] | Deferred Costs and Other Assets [Member] | Glimcher Realty Trust [Member]

Note 6 - Indebtedness (Details) [Line Items]

Financial Services Costs

3,800

Bridge Loan [Member] | Debt Paid Using Proceeds from the Issuance of the Notes Payable [Member]

Note 6 - Indebtedness (Details) [Line Items]

Repayments of Unsecured Debt

$ 248,400

Bridge Loan [Member] | Debt Paid Using Proceeds from Joint Venture Transaction [Member]

Note 6 - Indebtedness (Details) [Line Items]

Repayments of Debt

$ 431,800

Bridge Loan [Member] | Debt Paid Using Proceeds from the New Term Loan [Member]

Note 6 - Indebtedness (Details) [Line Items]

Repayments of Debt

$ 488,600

Revolving Credit Facility [Member] | Unsecured Debt [Member]

Note 6 - Indebtedness (Details) [Line Items]

Line of Credit Facility, Maximum Borrowing Capacity

$ 900,000

Debt Instrument, Number of Extension Options

2

Debt Instrument, Period of Extension Option

6 months

Long-term Debt

$ 433,800

433,800

433,800

Line of Credit Facility, Remaining Borrowing Capacity

463,100

463,100

463,100

Letters of Credit Outstanding, Amount

$ 3,100

$ 3,100

$ 3,100

Line of Credit Facility, Interest Rate at Period End

1.24%

1.24%

1.24%

Revolving Credit Facility [Member] | Unsecured Debt [Member] | London Interbank Offered Rate (LIBOR) [Member]

Note 6 - Indebtedness (Details) [Line Items]

Debt Instrument, Basis Spread on Variable Rate

1.05%

1.05%

Term Loan [Member]

Note 6 - Indebtedness (Details) [Line Items]

Debt Instrument, Interest Rate, Effective Percentage

1.34%

1.34%

1.34%

Term Loan [Member] | Unsecured Debt [Member]

Note 6 - Indebtedness (Details) [Line Items]

Debt Instrument, Number of Extension Options

3

Debt Instrument, Period of Extension Option

12 months

Long-term Debt

$ 500,000

$ 500,000

$ 500,000

$ 500,000

Debt Instrument, Interest Rate, Effective Percentage

1.34%

1.34%

1.34%

Term Loan [Member] | Unsecured Debt [Member] | London Interbank Offered Rate (LIBOR) [Member]

Note 6 - Indebtedness (Details) [Line Items]

Debt Instrument, Basis Spread on Variable Rate

1.15%

1.15%

New Term Loan [Member]

Note 6 - Indebtedness (Details) [Line Items]

Proceeds from Issuance of Long-term Debt

$ 500,000

Derivative, Swaption Interest Rate

2.26%

New Term Loan [Member] | London Interbank Offered Rate (LIBOR) [Member]

Note 6 - Indebtedness (Details) [Line Items]

Debt Instrument, Basis Spread on Variable Rate

1.15%

New Term Loan [Member] | Interest Rate Swaption [Member]

Note 6 - Indebtedness (Details) [Line Items]

Derivative, Notional Amount

$ 500,000

Fixed Rate Mortgage [Member] | Mortgages [Member]

Note 6 - Indebtedness (Details) [Line Items]

Long-term Debt

$ 1,700,000

$ 1,400,000

$ 1,700,000

$ 1,700,000

$ 1,400,000

Fixed Rate Mortgage [Member] | Secured Debt [Member]

Note 6 - Indebtedness (Details) [Line Items]

Fair Value Inputs, Discount Rate

3.37%

3.36%

Bridge Loan [Member]

Note 6 - Indebtedness (Details) [Line Items]

Repayments of Debt

$ 21,200

Mezzanine Loan [Member] | WestShore Plaza [Member]

Note 6 - Indebtedness (Details) [Line Items]

Repayments of Debt

$ 20,000

Note 6 - Indebtedness (Detail39

Note 6 - Indebtedness (Details) - Mortgage Indebtedness - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Carrying value of mortgage loans	$ 1,953,355	$ 1,435,114
Mortgages [Member]
Debt Instrument [Line Items]
Face amount of mortgage loans	1,931,020	1,431,516
Fair value adjustments, net	22,335	3,598
Carrying value of mortgage loans	$ 1,953,355	$ 1,435,114

Note 6 - Indebtedness (Detail40

Note 6 - Indebtedness (Details) - Roll Forward of Mortgage Indebtedness - USD ($) $ in Thousands	Jun. 01, 2015	Jun. 30, 2015	Jun. 30, 2015	Jun. 30, 2014
Note 6 - Indebtedness (Details) - Roll Forward of Mortgage Indebtedness [Line Items]
Balance, December 31, 2014			$ 1,435,114
Repayment of debt			(1,619,372)	$ (177,330)
Debt amortization payments		$ (29)	(32)
Debt transferred to unconsolidated entities	$ (795,700)
Balance, June 30, 2015		1,953,355	1,953,355
Mortgages [Member]
Note 6 - Indebtedness (Details) - Roll Forward of Mortgage Indebtedness [Line Items]
Balance, December 31, 2014			1,435,114
Debt assumptions at fair value			1,364,503
Repayment of debt			(418,606)
Debt issuances			390,000
Debt amortization payments			(10,724)
Debt transferred to unconsolidated entities			(795,711)
Amortization of fair value and other adjustments			(11,221)
Balance, June 30, 2015		$ 1,953,355	$ 1,953,355

Note 6 - Indebtedness (Detail41

Note 6 - Indebtedness (Details) - Fair Value of Debt - Fixed Rate Mortgage [Member] - Secured Debt [Member] - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Note 6 - Indebtedness (Details) - Fair Value of Debt [Line Items]
Fair value of fixed-rate mortgages	$ 1,829,443	$ 1,503,944
Weighted average discount rates assumed in calculation of fair value for fixed-rate mortgages	3.37%	3.36%

Note 7 - Derivative Financial42

Note 7 - Derivative Financial Instruments (Details)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Dec. 31, 2014USD ($)
Note 7 - Derivative Financial Instruments (Details) [Line Items]
Derivative, Net Hedge Ineffectiveness Gain (Loss)	$ 0	$ 0	$ 0	$ 0
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months			3,100,000
Interest Rate Cash Flow Hedge Liability at Fair Value	207,000		207,000
Amortization of Financing Costs	29,000		32,000
Derivative Instruments, Loss Recognized in Other Comprehensive Income (Loss), Effective Portion	4,800,000		593,000
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net					$ 0
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	184,000		184,000
Loss Contingency, Range of Possible Loss, Maximum	184,000		184,000
Deferred Costs and Other Assets [Member]
Note 7 - Derivative Financial Instruments (Details) [Line Items]
Interest Rate Derivative Assets, at Fair Value	3,856,000		3,856,000
Accounts Payable and Accrued Liabilities [Member]
Note 7 - Derivative Financial Instruments (Details) [Line Items]
Interest Rate Cash Flow Hedge Liability at Fair Value	$ 207,000		$ 207,000
Three Year Forward Starting Swap [Member]
Note 7 - Derivative Financial Instruments (Details) [Line Items]
Derivative, Number of Instruments Held	5		5
Derivative, Term of Contract			3 years
Derivative Instruments, Loss Recognized in Other Comprehensive Income (Loss), Effective Portion			$ 207,000
Five Year Forward Starting Swap [Member]
Note 7 - Derivative Financial Instruments (Details) [Line Items]
Derivative, Number of Instruments Held	2		2
Derivative, Term of Contract			5 years
Derivative, Number of Instruments Terminated			2
Ten Year Forward Starting Swap [Member]
Note 7 - Derivative Financial Instruments (Details) [Line Items]
Derivative, Number of Instruments Held	2		2
Derivative, Term of Contract			10 years
Derivative Instruments, Gain Recognized in Other Comprehensive Income (Loss), Effective Portion			$ 3,900,000
Interest Rate Swap [Member] | Deferred Costs and Other Assets [Member]
Note 7 - Derivative Financial Instruments (Details) [Line Items]
Interest Rate Derivative Assets, at Fair Value	$ 3,856,000		3,856,000
Interest Rate Swap [Member] | Accounts Payable and Accrued Liabilities [Member]
Note 7 - Derivative Financial Instruments (Details) [Line Items]
Interest Rate Cash Flow Hedge Liability at Fair Value	$ 207,000		$ 207,000		$ 0
Interest Rate Swap [Member] | Cash Flow Hedging [Member]
Note 7 - Derivative Financial Instruments (Details) [Line Items]
Derivative, Number of Instruments Held	7		7
Derivative, Notional Amount	$ 650,000,000		$ 650,000,000
Not Designated as Hedging Instrument [Member] | Interest Rate Derivative [Member]
Note 7 - Derivative Financial Instruments (Details) [Line Items]
Derivative, Number of Instruments Held	2		2
Derivative, Notional Amount	$ 122,500,000		$ 122,500,000
Not Designated as Hedging Instrument [Member] | Interest Rate Cap [Member]
Note 7 - Derivative Financial Instruments (Details) [Line Items]
Derivative, Number of Instruments Held	2		2
Derivative, Fair Value, Net	$ 0		$ 0
Unrealized Gain (Loss) on Derivatives	$ 0		$ 0

Note 7 - Derivative Financial43

Note 7 - Derivative Financial Instruments (Details) - Fair Value of Derivative Financial Instruments $ in Thousands	Jun. 30, 2015USD ($)
Note 7 - Derivative Financial Instruments (Details) - Fair Value of Derivative Financial Instruments [Line Items]
Interest rate products	$ 207
Deferred Costs and Other Assets [Member]
Note 7 - Derivative Financial Instruments (Details) - Fair Value of Derivative Financial Instruments [Line Items]
Interest rate products	3,856
Accounts Payable and Accrued Liabilities [Member]
Note 7 - Derivative Financial Instruments (Details) - Fair Value of Derivative Financial Instruments [Line Items]
Interest rate products	$ 207

Note 7 - Derivative Financial44

Note 7 - Derivative Financial Instruments (Details) - Effect of Derivative Financial Instruments - USD ($)	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2015	Dec. 31, 2014
Note 7 - Derivative Financial Instruments (Details) - Effect of Derivative Financial Instruments [Line Items]
Amount of Gain or (Loss) Recognized in OCI on Derivative (Effective Portion)			$ 0
Interest Rate Derivative [Member] | Interest Expense [Member]
Note 7 - Derivative Financial Instruments (Details) - Effect of Derivative Financial Instruments [Line Items]
Amount of Gain or (Loss) Recognized in OCI on Derivative (Effective Portion)	$ 4,615,000	$ 4,211,000
Amount of Gain or (Loss) Reclassified from AOCI into Income (Effective Portion)	(29,000)	(32,000)
Amount of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)	$ 0	$ 0

Note 7 - Derivative Financial45

Note 7 - Derivative Financial Instruments (Details) - Liabilities Measured on a Nonrecurring Basis $ in Thousands	Jun. 30, 2015USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset Derivatives	$ 3,856
Liability Derivatives	207
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset Derivatives	0
Liability Derivatives	0
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset Derivatives	3,856
Liability Derivatives	207
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset Derivatives	0
Liability Derivatives	$ 0

Note 8 - Equity (Details)

Note 8 - Equity (Details) - USD ($) $ / shares in Units, $ in Thousands	Apr. 15, 2015	Mar. 27, 2015	Jan. 22, 2015	Jan. 15, 2015	Aug. 04, 2014	May. 28, 2014	Jun. 30, 2015	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Note 8 - Equity (Details) [Line Items]
Payments for Repurchase of Redeemable Preferred Stock (in Dollars)								$ 117,384	$ 0
Common Stock, Capital Shares Reserved for Future Issuance							34,844,447	34,844,447
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross								393,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period								196,341
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period								157,584
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number							1,164,089	1,164,089
Common Stock, Dividends, Per Share, Cash Paid (in Dollars per share)			$ 0.14					$ 0.50
Dividends Payable (in Dollars)							$ 2,992	$ 2,992		$ 0
Series H Preferred Stock [Member]
Note 8 - Equity (Details) [Line Items]
Preferred Stock, Shares Issued							4,000,000	4,000,000		0
Series I Preferred Stock [Member]
Note 8 - Equity (Details) [Line Items]
Preferred Stock, Shares Issued							3,800,000	3,800,000		0
Subsequent Event [Member] | Series G Preferred Stock [Member]
Note 8 - Equity (Details) [Line Items]
Stock Redeemed or Called During Period, Shares	4,700,000
Preferred Stock, Redemption Price Per Share (in Dollars per share)	$ 25
Preferred Stock, Per Share Amounts of Preferred Dividends in Arrears (in Dollars per share)	0.5868
Preferred Stock, Redemption and Accumulated and Unpaid Distribution Price Per Share (in Dollars per share)	25.5868
Preferred Stock, Dividends, Per Share, Cash Paid (in Dollars per share)	$ 0.5078
Payments for Repurchase of Redeemable Preferred Stock (in Dollars)	$ 120,300
Restricted Stock [Member]
Note 8 - Equity (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period								5 years
Conversion of Stock, Shares Issued								1,039,785
Employee Stock Option [Member]
Note 8 - Equity (Details) [Line Items]
Conversion of Stock, Shares Issued					1,125,014
Glimcher Realty Trust [Member]
Note 8 - Equity (Details) [Line Items]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares				29,942,877
Glimcher Realty Trust [Member] | Series G Preferred Stock [Member]
Note 8 - Equity (Details) [Line Items]
Preferred Stock, Shares Issued				4,700,000
Preferred Stock, Dividend Rate, Percentage				8.125%
Glimcher Realty Trust [Member] | Series H Preferred Stock [Member]
Note 8 - Equity (Details) [Line Items]
Preferred Stock, Shares Issued				4,000,000
Preferred Stock, Dividend Rate, Percentage				7.50%
Glimcher Realty Trust [Member] | Series I Preferred Stock [Member]
Note 8 - Equity (Details) [Line Items]
Preferred Stock, Shares Issued				3,800,000
Preferred Stock, Dividend Rate, Percentage				6.875%
Washington Prime Group, L.P. 2014 Stock Incentive Plan [Member]
Note 8 - Equity (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized						10,000,000
Share-based Compensation Arrangements by Share-based Payment Award, Number of Shares Annually Available for Grant Per Participant						500,000
Washington Prime Group, L.P. 2014 Stock Incentive Plan [Member] | Inducement LTIP Units [Member]
Note 8 - Equity (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period								203,215
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period								4 years
Allocated Share-based Compensation Expense (in Dollars)							$ 2,800	$ 5,100
Washington Prime Group, L.P. 2014 Stock Incentive Plan [Member] | Performance LTIP Units [Member]
Note 8 - Equity (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period								304,818
Common Stock [Member]
Note 8 - Equity (Details) [Line Items]
Stock Issued During Period, Shares, New Issues						155,162,597
WPG L.P. [Member] | Series I-1 Preferred Units [Member]
Note 8 - Equity (Details) [Line Items]
Preferred Stock, Shares Issued				130,592
WPG L.P. [Member] | Capital Units [Member]
Note 8 - Equity (Details) [Line Items]
Preferred Stock, Shares Issued				1,621,695
Share-based Compensation Award, Tranche One [Member] | Washington Prime Group, L.P. 2014 Stock Incentive Plan [Member] | Annual LTIP Unit Awards [Member]
Note 8 - Equity (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights		one-third
Share-based Compensation Award, Tranche Two [Member] | Washington Prime Group, L.P. 2014 Stock Incentive Plan [Member] | Annual LTIP Unit Awards [Member]
Note 8 - Equity (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights		one-third
Share-based Compensation Award, Tranche Three [Member] | Washington Prime Group, L.P. 2014 Stock Incentive Plan [Member] | Annual LTIP Unit Awards [Member]
Note 8 - Equity (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights		one-third
WPG L.P. Limited Partnership Interest [Member]
Note 8 - Equity (Details) [Line Items]
Stock Issued During Period, Shares, New Issues						31,575,487
Minimum [Member] | Washington Prime Group, L.P. 2014 Stock Incentive Plan [Member] | Annual LTIP Unit Awards [Member]
Note 8 - Equity (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Maximum Employee Subscription Rate		30.00%
Maximum [Member] | Washington Prime Group, L.P. 2014 Stock Incentive Plan [Member] | Annual LTIP Unit Awards [Member]
Note 8 - Equity (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Maximum Employee Subscription Rate		300.00%

Note 8 - Equity (Details) - Div

Note 8 - Equity (Details) - Dividends - $ / shares	3 Months Ended
	Jun. 30, 2015		Mar. 31, 2015
Common Stock [Member]
Note 8 - Equity (Details) - Dividends [Line Items]
Dividend per Share/Unit	$ 0.2500		$ 0.1100	[1]
Record Date	Jun. 3, 2015		Mar. 6, 2015	[1]
Payable Date	Jun. 15, 2015		Mar. 16, 2015	[1]
Record Date	Jun. 3, 2015		Mar. 6, 2015	[1]
Payable Date	Jun. 15, 2015		Mar. 16, 2015	[1]
Series G Preferred Stock [Member] | Preferred Stock [Member]
Note 8 - Equity (Details) - Dividends [Line Items]
Record Date			Mar. 31, 2015
Payable Date			Apr. 15, 2015
Dividend per Share/Unit			$ 0.5078
Record Date			Mar. 31, 2015
Payable Date			Apr. 15, 2015
Series H Preferred Stock [Member] | Preferred Stock [Member]
Note 8 - Equity (Details) - Dividends [Line Items]
Record Date	Jun. 30, 2015	[2]	Mar. 31, 2015
Payable Date	Jul. 15, 2015	[2]	Apr. 15, 2015
Dividend per Share/Unit	$ 0.4688	[2]	$ 0.4688
Record Date	Jun. 30, 2015	[2]	Mar. 31, 2015
Payable Date	Jul. 15, 2015	[2]	Apr. 15, 2015
Series I Preferred Stock [Member] | Preferred Stock [Member]
Note 8 - Equity (Details) - Dividends [Line Items]
Record Date	Jun. 30, 2015	[2]	Mar. 31, 2015
Payable Date	Jul. 15, 2015	[2]	Apr. 15, 2015
Dividend per Share/Unit	$ 0.4297	[2]	$ 0.4297
Record Date	Jun. 30, 2015	[2]	Mar. 31, 2015
Payable Date	Jul. 15, 2015	[2]	Apr. 15, 2015
Series I-1 Preferred Units [Member] | Preferred Stock [Member]
Note 8 - Equity (Details) - Dividends [Line Items]
Record Date	Jun. 30, 2015	[2]	Mar. 31, 2015
Payable Date	Jul. 15, 2015	[2]	Apr. 15, 2015
Dividend per Share/Unit	$ 0.4563	[2]	$ 0.4563
Record Date	Jun. 30, 2015	[2]	Mar. 31, 2015
Payable Date	Jul. 15, 2015	[2]	Apr. 15, 2015
[1]	Represents a prorated dividend for the period from January 15, 2015 through March 31, 2015, which is in addition to the $0.14 stub dividend paid on January 22, 2015.
[2]	Amounts total $3.0 million and are recorded as distributions payable in the accompanying consolidated balance sheets as of June 30, 2015.

Note 9 - Commitments and Cont48

Note 9 - Commitments and Contingencies (Details) $ in Thousands	Jul. 23, 2015USD ($)	Jun. 17, 2015USD ($)	Mar. 30, 2015USD ($)	Nov. 12, 2014	Mar. 31, 2015	Jun. 30, 2015USD ($)
Merger Litigation [Member]
Note 9 - Commitments and Contingencies (Details) [Line Items]
Loss Contingency, Number of Plaintiffs				2
Merger Litigation [Member] | Subsequent Event [Member]
Note 9 - Commitments and Contingencies (Details) [Line Items]
Payments for Legal Settlements	$ 443
Merger Litigation [Member] | Attorneys' Fees [Member]
Note 9 - Commitments and Contingencies (Details) [Line Items]
Litigation Settlement, Expense		$ 425
Merger Litigation [Member] | Documented Expenses [Member]
Note 9 - Commitments and Contingencies (Details) [Line Items]
Litigation Settlement, Expense		$ 18
Merger Litigation [Member] | Merger and Transaction Costs [Member]
Note 9 - Commitments and Contingencies (Details) [Line Items]
Litigation Settlement, Expense						$ 445
Merger Litigation [Member] | Merger and Transaction Costs [Member] | Attorneys' Fees [Member]
Note 9 - Commitments and Contingencies (Details) [Line Items]
Litigation Settlement, Expense			$ 425
Sales Revenue, Net [Member] | Customer Concentration Risk [Member]
Note 9 - Commitments and Contingencies (Details) [Line Items]
Concentration Risk, Percentage					5.00%
Maximum [Member] | Merger Litigation [Member] | Merger and Transaction Costs [Member] | Documented Expenses [Member]
Note 9 - Commitments and Contingencies (Details) [Line Items]
Litigation Settlement, Expense			$ 20

Note 10 - Related Party Trans49

Note 10 - Related Party Transactions (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Simon Property Group, Inc. [Member]
Note 10 - Related Party Transactions (Details) [Line Items]
Related Party Transaction, Due from (to) Related Party	$ 4,343	$ 4,715

Note 10 - Related Party Trans50

Note 10 - Related Party Transactions (Details) - Charges for Properties Which Are Consolidated - Simon Property Group, Inc. [Member] - Consolidated Properties [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Property Management Costs, Services and Other [Member]
Related Party Transaction [Line Items]
Amounts charged to related party	$ 5,620	$ 4,794	$ 12,549	$ 10,222
Insurance Premiums [Member]
Related Party Transaction [Line Items]
Amounts charged to related party	2,269	2,220	4,538	4,439
Selling and Marketing Expense [Member]
Related Party Transaction [Line Items]
Amounts charged to related party	210	210	429	443
Capitalized Leasing and Development Fees [Member]
Related Party Transaction [Line Items]
Amounts charged to related party	$ 2,177	$ 5,657	$ 3,808	$ 6,112

Note 10 - Related Party Trans51

Note 10 - Related Party Transactions (Details) - Charges for Properties Which Are Unconsolidated - Simon Property Group, Inc. [Member] - Unconsolidated Properties [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Property Management Costs, Services and Other [Member]
Related Party Transaction [Line Items]
Amounts charged to related party	$ 191	$ 801	$ 413	$ 1,826
Insurance Premiums [Member]
Related Party Transaction [Line Items]
Amounts charged to related party	3	54	6	109
Selling and Marketing Expense [Member]
Related Party Transaction [Line Items]
Amounts charged to related party	10	13	20	26
Capitalized Leasing and Development Fees [Member]
Related Party Transaction [Line Items]
Amounts charged to related party	$ 10	$ 46	$ 12	$ 97

Note 11 - Earnings (Loss) Per52

Note 11 - Earnings (Loss) Per Share (Details) - Basic and Diluted Earnings Per Share - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Earnings (Loss) Per Share, Basic:
Net income (loss) attributable to common shareholders - basic (in Dollars)	$ 3,901	$ 69,801	$ (8,369)	$ 104,193
Weighted average shares outstanding - basic	184,250,542	155,162,597	181,925,733	155,162,597
Earnings (loss) per common share, basic (in Dollars per share)	$ 0.02	$ 0.45	$ (0.05)	$ 0.67
Earnings (Loss) Per Share, Diluted:
Net income (loss) attributable to common shareholders - basic (in Dollars)	$ 3,901	$ 69,801	$ (8,369)	$ 104,193
Net income (loss) attributable to common unitholders (in Dollars)	1,048	14,480	(1,248)	21,590
Net income (loss) attributable to common shareholders - diluted (in Dollars)	$ 4,949	$ 84,281	$ (9,617)	$ 125,783
Weighted average shares outstanding - basic	184,250,542	155,162,597	181,925,733	155,162,597
Weighted average operating partnership units outstanding	34,396,029	31,717,360	34,263,688	31,646,815
Weighted average additional dilutive securities outstanding	1,604,942	10,128	0	5,092
Weighted average shares outstanding - diluted	220,251,513	186,890,085	216,189,421	186,814,504
Earnings (loss) per common share, diluted (in Dollars per share)	$ 0.02	$ 0.45	$ (0.05)	$ 0.67

Note 12 - Subsequent Events (De

Note 12 - Subsequent Events (Details) - USD ($) $ in Thousands	Aug. 03, 2015	Jul. 31, 2015	Jul. 23, 2015	Jun. 30, 2015	Jun. 30, 2014
Note 12 - Subsequent Events (Details) [Line Items]
Repayments of Long-term Debt				$ 1,619,372	$ 177,330
Subsequent Event [Member] | Merger Litigation [Member]
Note 12 - Subsequent Events (Details) [Line Items]
Payments for Legal Settlements			$ 443
Mortgages [Member]
Note 12 - Subsequent Events (Details) [Line Items]
Repayments of Long-term Debt				$ 418,606
Clay Terrace [Member] | Mortgages [Member] | Subsequent Event [Member]
Note 12 - Subsequent Events (Details) [Line Items]
Repayments of Long-term Debt		$ 115,000
Bloomingdale Court [Member] | Mortgages [Member] | Subsequent Event [Member]
Note 12 - Subsequent Events (Details) [Line Items]
Repayments of Long-term Debt	$ 24,500

Note 12 - Subsequent Events (54

Note 12 - Subsequent Events (Details) - Dividends - $ / shares	3 Months Ended
	Sep. 30, 2015	Jun. 30, 2015		Mar. 31, 2015
Common Stock [Member]
Note 12 - Subsequent Events (Details) - Dividends [Line Items]
Common Shares/Units		$ 0.2500		$ 0.1100	[1]
Common Shares/Units		Jun. 3, 2015		Mar. 6, 2015	[1]
Common Shares/Units		Jun. 15, 2015		Mar. 16, 2015	[1]
Record Date		Jun. 3, 2015		Mar. 6, 2015	[1]
Payable Date		Jun. 15, 2015		Mar. 16, 2015	[1]
Series H Preferred Stock [Member] | Preferred Stock [Member]
Note 12 - Subsequent Events (Details) - Dividends [Line Items]
Common Shares/Units		Jun. 30, 2015	[2]	Mar. 31, 2015
Common Shares/Units		Jul. 15, 2015	[2]	Apr. 15, 2015
Dividend per Share/Unit		$ 0.4688	[2]	$ 0.4688
Record Date		Jun. 30, 2015	[2]	Mar. 31, 2015
Payable Date		Jul. 15, 2015	[2]	Apr. 15, 2015
Series I Preferred Stock [Member] | Preferred Stock [Member]
Note 12 - Subsequent Events (Details) - Dividends [Line Items]
Common Shares/Units		Jun. 30, 2015	[2]	Mar. 31, 2015
Common Shares/Units		Jul. 15, 2015	[2]	Apr. 15, 2015
Dividend per Share/Unit		$ 0.4297	[2]	$ 0.4297
Record Date		Jun. 30, 2015	[2]	Mar. 31, 2015
Payable Date		Jul. 15, 2015	[2]	Apr. 15, 2015
Series I-1 Preferred Units [Member] | Preferred Stock [Member]
Note 12 - Subsequent Events (Details) - Dividends [Line Items]
Common Shares/Units		Jun. 30, 2015	[2]	Mar. 31, 2015
Common Shares/Units		Jul. 15, 2015	[2]	Apr. 15, 2015
Dividend per Share/Unit		$ 0.4563	[2]	$ 0.4563
Record Date		Jun. 30, 2015	[2]	Mar. 31, 2015
Payable Date		Jul. 15, 2015	[2]	Apr. 15, 2015
Subsequent Event [Member] | Common Stock [Member]
Note 12 - Subsequent Events (Details) - Dividends [Line Items]
Common Shares/Units	$ 0.2500
Common Shares/Units	Sep. 2, 2015
Common Shares/Units	Sep. 15, 2015
Record Date	Sep. 2, 2015
Payable Date	Sep. 15, 2015
Subsequent Event [Member] | Series H Preferred Stock [Member] | Preferred Stock [Member]
Note 12 - Subsequent Events (Details) - Dividends [Line Items]
Common Shares/Units	Sep. 30, 2015
Common Shares/Units	Oct. 15, 2015
Dividend per Share/Unit	$ 0.4688
Record Date	Sep. 30, 2015
Payable Date	Oct. 15, 2015
Subsequent Event [Member] | Series I Preferred Stock [Member] | Preferred Stock [Member]
Note 12 - Subsequent Events (Details) - Dividends [Line Items]
Common Shares/Units	Sep. 30, 2015
Common Shares/Units	Oct. 15, 2015
Dividend per Share/Unit	$ 0.4297
Record Date	Sep. 30, 2015
Payable Date	Oct. 15, 2015
Subsequent Event [Member] | Series I-1 Preferred Units [Member] | Preferred Stock [Member]
Note 12 - Subsequent Events (Details) - Dividends [Line Items]
Common Shares/Units	Sep. 30, 2015
Common Shares/Units	Oct. 15, 2015
Dividend per Share/Unit	$ 0.4563
Record Date	Sep. 30, 2015
Payable Date	Oct. 15, 2015
[1]	Represents a prorated dividend for the period from January 15, 2015 through March 31, 2015, which is in addition to the $0.14 stub dividend paid on January 22, 2015.
[2]	Amounts total $3.0 million and are recorded as distributions payable in the accompanying consolidated balance sheets as of June 30, 2015.