Washington Prime (WPGGQ) 10-Q26 Apr 182018 Q1 Quarterly reportFinancial data

Company Profile

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
Document And Entity Information - shares	Mar. 31, 2018	Apr. 25, 2018
Document Information [Line Items]
Entity Registrant Name	WASHINGTON PRIME GROUP INC.
Entity Central Index Key	1,594,686
Trading Symbol	wpg
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	Yes
Entity Common Stock, Shares Outstanding (in shares)		185,990,500
Document Type	10-Q
Document Period End Date	Mar. 31, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Amendment Flag	false
Washington Prime Group, L.P. [Member]
Document Information [Line Items]
Entity Registrant Name	Washington Prime Group, L.P.
Entity Central Index Key	1,610,911
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer

Unaudited Consolidated Balance

Unaudited Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
ASSETS:
Investment properties at cost	$ 5,820,287	$ 5,807,760
Less: accumulated depreciation	2,182,114	2,139,620
	3,638,173	3,668,140
Cash and cash equivalents	45,871	52,019
Tenant receivables and accrued revenue, net	86,650	90,314
Investment in and advances to unconsolidated entities, at equity	441,580	451,839
Deferred costs and other assets	205,245	189,095
Total assets	4,417,519	4,451,407
LIABILITIES:
Mortgage notes payable	1,065,595	1,157,082
Notes payable	980,196	979,372
Unsecured term loans	684,701	606,695
Revolving credit facility	195,155	154,460
Accounts payable, accrued expenses, intangibles, and deferred revenues	232,673	264,998
Distributions payable	2,992	2,992
Cash distributions and losses in unconsolidated entities, at equity	15,421	15,421
Total liabilities	3,176,733	3,181,020
Redeemable noncontrolling interests	3,265	3,265
EQUITY:
Total liabilities, redeemable noncontrolling interests and equity	4,417,519	4,451,407
Stockholders' Equity:
Common stock, $0.0001 par value, 350,000,000 shares authorized; 185,990,500 and 185,791,421 issued and outstanding as of March 31, 2018 and December 31, 2017, respectively	19	19
Capital in excess of par value	1,241,978	1,240,483
Accumulated deficit	(381,597)	(350,594)
Accumulated other comprehensive income	11,900	6,920
Total stockholders' equity	1,074,876	1,099,404
Noncontrolling interests	162,645	167,718
Total equity	1,237,521	1,267,122
Total liabilities, redeemable noncontrolling interests and equity	4,417,519	4,451,407
Series H Preferred Stock [Member]
Stockholders' Equity:
Cumulative redeemable preferred stock	104,251	104,251
Series I Preferred Stock [Member]
Stockholders' Equity:
Cumulative redeemable preferred stock	98,325	98,325
Washington Prime Group, L.P. [Member]
ASSETS:
Investment properties at cost	5,820,287	5,807,760
Less: accumulated depreciation	2,182,114	2,139,620
	3,638,173	3,668,140
Cash and cash equivalents	45,871	52,019
Tenant receivables and accrued revenue, net	86,650	90,314
Investment in and advances to unconsolidated entities, at equity	441,580	451,839
Deferred costs and other assets	205,245	189,095
Total assets	4,417,519	4,451,407
LIABILITIES:
Mortgage notes payable	1,065,595	1,157,082
Notes payable	980,196	979,372
Unsecured term loans	684,701	606,695
Revolving credit facility	195,155	154,460
Accounts payable, accrued expenses, intangibles, and deferred revenues	232,673	264,998
Distributions payable	2,992	2,992
Cash distributions and losses in unconsolidated entities, at equity	15,421	15,421
Total liabilities	3,176,733	3,181,020
Redeemable noncontrolling interests	3,265	3,265
EQUITY:
Total general partners' equity	1,074,876	1,099,404
Limited partners, 34,758,387 and 34,760,026 units issued and outstanding as of March 31, 2018 and December 31, 2017, respectively	161,592	166,660
Total partners' equity	1,236,468	1,266,064
Noncontrolling interests	1,053	1,058
Total equity	1,237,521	1,267,122
Total liabilities, redeemable noncontrolling interests and equity	4,417,519	4,451,407
Stockholders' Equity:
Total equity	1,237,521	1,267,122
Total liabilities, redeemable noncontrolling interests and equity	4,417,519	4,451,407
Washington Prime Group, L.P. [Member] \| General Partner Preferred Equity [Member]
EQUITY:
Total general partners' equity	202,576	202,576
Washington Prime Group, L.P. [Member] \| General Partner Common Equity [Member]
EQUITY:
Total general partners' equity	$ 872,300	$ 896,828

Unaudited Consolidated Balance3

Unaudited Consolidated Balance Sheets (Parentheticals) - $ / shares	Mar. 31, 2018	Dec. 31, 2017
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	350,000,000	350,000,000
Common stock, issued (in shares)	185,990,500	185,791,421
Common stock, outstanding (in shares)	185,990,500	185,791,421
Washington Prime Group, L.P. [Member]
Limited partners, units issued (in shares)	34,758,387	34,760,026
Limited partners, units outstanding (in shares)	34,758,387	34,760,026
Washington Prime Group, L.P. [Member] \| General Partner Preferred Equity [Member]
General partners' equity units issued (in shares)	7,800,000	7,800,000
General partners' equity units outstanding (in shares)	7,800,000	7,800,000
Washington Prime Group, L.P. [Member] \| General Partner Common Equity [Member]
General partners' equity units issued (in shares)	185,990,500	185,791,421
General partners' equity units outstanding (in shares)	185,990,500	185,791,421
Series H Preferred Stock [Member]
Preferred Shares, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred Shares, shares issued (in shares)	4,000,000	4,000,000
Preferred Shares, shares outstanding (in shares)	4,000,000	4,000,000
Series I Preferred Stock [Member]
Preferred Shares, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred Shares, shares issued (in shares)	3,800,000	3,800,000
Preferred Shares, shares outstanding (in shares)	3,800,000	3,800,000

Unaudited Consolidated Statemen

Unaudited Consolidated Statements of Operations and Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
REVENUE:
Minimum rent	$ 123,339	$ 137,116
Overage rent	2,014	2,832
Tenant reimbursements	48,644
Other income	6,343	5,656
Total revenues	180,340	202,394
Total revenues	180,340	202,394
EXPENSES:
Property operating	36,366	37,244
Depreciation and amortization	61,294	67,511
Real estate taxes	22,041	26,007
Advertising and promotion	1,771	2,152
Provision for credit losses	3,346	1,581
General and administrative	9,654	8,828
Ground rent	197	1,031
Impairment loss	0	8,509
Total operating expenses	134,669	152,863
OPERATING INCOME	45,671	49,531
Interest expense, net	(34,344)	(32,488)
Income and other taxes	(485)	(2,026)
Income (loss) from unconsolidated entities, net	1,162	(444)
INCOME BEFORE GAIN ON DISPOSITION OF INTERESTS IN PROPERTIES, NET	12,004	14,573
Gain on disposition of interests in properties, net	8,181	51
NET INCOME	20,185	14,624
Net income attributable to noncontrolling interests	2,661	1,814
NET INCOME ATTRIBUTABLE TO THE COMPANY	17,524	12,810
Less: Preferred share dividends	(3,508)	(3,508)
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS	$ 14,016	$ 9,302
EARNINGS PER COMMON SHARE, BASIC & DILUTED (in dollars per share)	$ 0.07	$ 0.05
Limited partners	$ 2,601	$ 1,754
COMPREHENSIVE INCOME:
Net income	20,185	14,624
Unrealized income on interest rate derivative instruments	5,217	2,349
Comprehensive income	25,402	16,973
Comprehensive income attributable to noncontrolling interests	3,482	2,191
Comprehensive income attributable to common shareholders or unitholders	21,920	14,782
NET INCOME	20,185	14,624
Tenant Reimbursements [Member]
REVENUE:
Tenant reimbursements	48,644	56,790
Washington Prime Group, L.P. [Member]
REVENUE:
Minimum rent	123,339	137,116
Overage rent	2,014	2,832
Other income	6,343	5,656
Total revenues	180,340	202,394
Total revenues	180,340	202,394
EXPENSES:
Property operating	36,366	37,244
Depreciation and amortization	61,294	67,511
Real estate taxes	22,041	26,007
Advertising and promotion	1,771	2,152
Provision for credit losses	3,346	1,581
General and administrative	9,654	8,828
Ground rent	197	1,031
Impairment loss	0	8,509
Total operating expenses	134,669	152,863
OPERATING INCOME	45,671	49,531
Interest expense, net	(34,344)	(32,488)
Income and other taxes	(485)	(2,026)
Income (loss) from unconsolidated entities, net	1,162	(444)
INCOME BEFORE GAIN ON DISPOSITION OF INTERESTS IN PROPERTIES, NET	12,004	14,573
Gain on disposition of interests in properties, net	8,181	51
NET INCOME	$ 20,185	$ 14,624
EARNINGS PER COMMON SHARE, BASIC & DILUTED (in dollars per share)	$ 0.07	$ 0.05
NET INCOME ATTRIBUTABLE TO UNITHOLDERS	$ 20,185	$ 14,624
Less: Preferred unit distributions	(3,568)	(3,568)
NET INCOME ATTRIBUTABLE TO COMMON UNITHOLDERS	16,617	11,056
General partner	14,016	9,302
Limited partners	2,601	1,754
Net income attributable to common unitholders	16,617	11,056
COMPREHENSIVE INCOME:
Net income	20,185	14,624
Unrealized income on interest rate derivative instruments	5,217	2,349
Comprehensive income	25,402	16,973
NET INCOME	20,185	14,624
Washington Prime Group, L.P. [Member] \| Tenant Reimbursements [Member]
REVENUE:
Tenant reimbursements	$ 48,644	$ 56,790

Unaudited Consolidated Stateme5

Unaudited Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 20,185	$ 14,624
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization, including fair value rent, fair value debt, deferred financing costs and equity-based compensation	61,404	66,601
Gain on disposition of interests in properties and outparcels, net	(8,181)	(324)
Impairment loss	0	8,509
Provision for credit losses	3,346	1,581
(Income) loss from unconsolidated entities, net	(1,162)	444
Distributions of income from unconsolidated entities	1,585	80
Changes in assets and liabilities:
Tenant receivables and accrued revenue, net	1,177	2,853
Deferred costs and other assets	(11,612)	(8,853)
Accounts payable, accrued expenses, deferred revenues and other liabilities	(23,082)	(12,937)
Net cash provided by operating activities	43,660	72,578
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures, net	(29,675)	(25,039)
Net proceeds from disposition of interests in properties and outparcels	13,776	62,887
Investments in unconsolidated entities	(10,048)	(36,368)
Distributions of capital from unconsolidated entities	19,884	52,479
Net cash (used in) provided by investing activities	(6,063)	53,959
CASH FLOWS FROM FINANCING ACTIVITIES:
Distributions to noncontrolling interest holders in properties	(5)	(23)
Redemption of limited partner units	(11)	0
Net proceeds from issuance of common shares, including common stock plans	0	7
Purchase of redeemable noncontrolling interest	0	(6,830)
Distributions on common and preferred shares/units	(59,167)	(59,016)
Proceeds from issuance of debt, net of transaction costs	476,877	80,814
Repayments of debt	(451,101)	(104,623)
Net cash used in financing activities	(33,407)	(89,671)
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	4,190	36,866
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period	70,201	88,514
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period	74,391	125,380
Washington Prime Group, L.P. [Member]
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	20,185	14,624
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization, including fair value rent, fair value debt, deferred financing costs and equity-based compensation	61,404	66,601
Gain on disposition of interests in properties and outparcels, net	(8,181)	(324)
Impairment loss	0	8,509
Provision for credit losses	3,346	1,581
(Income) loss from unconsolidated entities, net	(1,162)	444
Distributions of income from unconsolidated entities	1,585	80
Changes in assets and liabilities:
Tenant receivables and accrued revenue, net	1,177	2,853
Deferred costs and other assets	(11,612)	(8,853)
Accounts payable, accrued expenses, deferred revenues and other liabilities	(23,082)	(12,937)
Net cash provided by operating activities	43,660	72,578
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures, net	(29,675)	(25,039)
Net proceeds from disposition of interests in properties and outparcels	13,776	62,887
Investments in unconsolidated entities	(10,048)	(36,368)
Distributions of capital from unconsolidated entities	19,884	52,479
Net cash (used in) provided by investing activities	(6,063)	53,959
CASH FLOWS FROM FINANCING ACTIVITIES:
Distributions to noncontrolling interest holders in properties	(5)	(23)
Redemption of limited partner units	(11)	0
Purchase of redeemable noncontrolling interest	0	(6,830)
Proceeds from issuance of debt, net of transaction costs	476,877	80,814
Repayments of debt	(451,101)	(104,623)
Net cash used in financing activities	(33,407)	(89,671)
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	4,190	36,866
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period	70,201	88,514
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period	74,391	125,380
Net proceeds from issuance of common units, including equity-based compensation plans	0	7
Distributions to unitholders, net	$ (59,167)	$ (59,016)

Unaudited Consolidated Stateme6

Unaudited Consolidated Statement of Equity - 3 months ended Mar. 31, 2018 - USD ($) $ in Thousands	Preferred Stock [Member]Series H Preferred Stock [Member]	Preferred Stock [Member]Series I Preferred Stock [Member]	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]	Partners' Equity [Member]General Partner Preferred Equity [Member]Washington Prime Group, L.P. [Member]	Partners' Equity [Member]General Partner Common Equity [Member]Washington Prime Group, L.P. [Member]	Partners' Equity [Member]General Partner [Member]Washington Prime Group, L.P. [Member]	Partners' Equity [Member]Limited Partner [Member]Washington Prime Group, L.P. [Member]	Partners' Equity [Member]Washington Prime Group, L.P. [Member]	Noncontrolling Interests [Member]Washington Prime Group, L.P. [Member]	Redeemable Noncontrolling Interests [Member]Washington Prime Group, L.P. [Member]	Washington Prime Group, L.P. [Member]	Total
Balance at Dec. 31, 2017	$ 104,251	$ 98,325	$ 19	$ 1,240,483	$ (350,594)	$ 6,920	$ 1,099,404	$ 167,718	$ 3,265	$ 202,576	$ 896,828	$ 1,099,404	$ 166,660	$ 1,266,064	$ 1,058	$ 3,265	$ 1,267,122	$ 1,267,122
Cumulative effect of accounting standards at Dec. 31, 2017	0	0	0	(389)	1,890	584	2,085	389	0	0	2,085	2,085	389	2,474	0	0	2,474	2,474
Redemption of limited partner units	0	0	0	0	0	0	0	(11)	0	0	0	0	(11)	(11)	0	0	(11)	(11)
Other	0	0	0	(36)	0	0	(36)	0	0	0	(36)	(36)	0	(36)	0	0	(36)	(36)
Equity-based compensation	0	0	0	1,523	0	0	1,523	219	0	0	1,523	1,523	219	1,742	0	0	1,742	1,742
Adjustments to noncontrolling interests	0	0	0	397	0	0	397	(397)	0	0	397	397	(397)	0	0	0	0	0
Distributions on common shares/units	0	0	0	0	(46,909)	0	(46,909)	(8,695)	0	0	(46,909)	(46,909)	(8,690)	(55,599)	(5)	0	(55,604)	(55,604)
Distributions declared on preferred shares	0	0	0	0	(3,508)	0	(3,508)	0	0	(3,508)	0	(3,508)	0	(3,508)	0	(60)	(3,508)	(3,508)
Other comprehensive income	0	0	0	0	0	4,936	4,396	821	0	0	4,396	4,396	821	5,217	0	0	5,217	5,217
Net income	0	0	0	0	17,524	0	17,524	2,601	0	3,508	14,016	17,524	2,601	20,125	0	60	20,125	20,125
Balance at Mar. 31, 2018	$ 104,251	$ 98,325	$ 19	$ 1,241,978	$ (381,597)	$ 11,900	$ 1,074,876	$ 162,645	$ 3,265	$ 202,576	$ 872,300	$ 1,074,876	$ 161,592	$ 1,236,468	$ 1,053	$ 3,265	$ 1,237,521	$ 1,237,521

Unaudited Consolidated Stateme7

Unaudited Consolidated Statement of Equity (Parentheticals) $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)$ / shares
Distributions per common share (in dollars per share) \| $ / shares	$ 0.25
Distributions to preferred unitholders \| $	$ 60

Note 1 - Organization

Note 1 - Organization	3 Months Ended
Note 1 - Organization	Mar. 31, 2018
Notes to Financial Statements
Nature of Operations [Text Block]	1. Washington Prime Group Inc. (“WPG Inc.”) is an Indiana corporation that operates as a fully integrated, self-administered and self-managed real estate investment trust, or REIT, under the Internal Revenue Code of 1986, not 90% March 31, 2018, 108 59 Unless the context otherwise requires, references to "WPG," the "Company," “we,” “us” or “our” refer to WPG Inc., WPG L.P. and entities in which WPG Inc. or WPG L.P. (or any affiliate) has a material ownership or financial interest, on a consolidated basis. 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.

Note 2 - Basis of Presentation

Note 2 - Basis of Presentation and Principles of Consolidation	3 Months Ended
	Mar. 31, 2018
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	2. The accompanying consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP"). The consolidated balance sheets as of March 31, 2018 December 31, 2017 March 31, 2018 not These consolidated financial statements have been prepared in accordance with the instructions to Form 10 not 2017 10 "2017 10 General These consolidated financial statements reflect the consolidation of properties that are wholly owned or properties in which we own less than a 100% We consolidate a variable interest entity ("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 2 There have been no three March 31, 2018 three March 31, 2018, not not 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 zero As of March 31, 2018, 108 91 four 13 not We allocate net operating results of WPG L.P. to third third 84.3% 84.1% three March 31, 2018 2017, March 31, 2018 December 31, 2017, 84.4% 84.3%,

Note 3 - Summary of Significant

Note 3 - Summary of Significant Accounting Policies	3 Months Ended
Note 3 - Summary of Significant Accounting Policies	Mar. 31, 2018
Notes to Financial Statements
Significant Accounting Policies [Text Block]	3. Fair Value Measurements The Company measures and discloses its fair value measurements in accordance with Accounting Standards Codification ("ASC") Topic 820 820” 820, three may • Level 1 • Level 2 1 • Level 3 The asset or liability's fair value within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Under Topic 820, Use of Estimates We prepared the accompanying consolidated financial statements in accordance with GAAP. This 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 enclosed retail properties and open air properties, into one New Accounting Pronouncements Adoption of New Standards On January 1, 2018, 2014 09, 606 2014 09 $2.5 not 2014 09 Additionally, we adopted the clarified scope guidance of ASC 610 20, 2014 09, 610 20 360 20. may No On January 1, 2018, 2017 12, 815 2017 12 $584 The cumulative effect of the changes to our consolidated January 1, 2018 2014 09 2017 12 Balance at December 31, 2017 Adjustments Due to ASU 2014-09 Adjustments Due to ASU 2017-12 Balance at January 1, 2018 Balance Sheet Liabilities Accounts payable, accrued expenses, intangibles, and deferred revenues $ 264,998 $ (2,474 ) $ — $ 262,524 Equity Capital in excess of par value $ 1,240,483 $ (389 ) $ — $ 1,240,094 Accumulated deficit $ (350,594 ) $ 2,474 $ (584 ) $ (348,704 ) Accumulated other comprehensive income $ 6,920 $ — $ 584 $ 7,504 Noncontrolling interests $ 167,718 $ 389 $ — $ 168,107 In accordance with ASU 2014 09 three March 31, 2018 March 31, 2018 For the Three Months Ended March 31, 2018 As Reported Balances Without Adoption of ASU 2014-09 Effect of Change Higher/(Lower) Consolidated Statements of Operations Revenues Other income $ 6,343 $ 6,203 $ 140 March 31, 2018 As Reported Balances Without Adoption of ASU 2014-09 Effect of Change Higher/(Lower) Balance Sheet Liabilities Accounts payable, accrued expenses, intangibles, and deferred revenues $ 232,673 $ 235,287 $ (2,614 ) Equity Capital in excess of par value $ 1,241,978 $ 1,242,387 $ (409 ) Accumulated deficit $ (381,597 ) $ (384,211 ) $ 2,614 Noncontrolling interests $ 162,645 $ 162,236 $ 409 On January 1, 2018, 2016 15, 230 2016 18 2016 15 no 2016 18 The following is a summary of our cash, cash equivalents and restricted cash total as presented in our statements of cash flows for the three March 31, 2018 2017: For the Three Months Ended March 31, 2018 2017 Cash and cash equivalents $ 45,871 $ 94,531 Restricted cash 28,520 30,849 Total cash, cash equivalents and restricted cash $ 74,391 $ 125,380 For the three March 31, 2017, $1.1 $0.6 March 31, 2017 December 31, 2017. New Standards Issued But Not In February 2016, 2016 02, 842 2016 02 December 15, 2018, March 2018, 2016 02 January 1, 2019 ( January 1, 2017, January 1, 2019. four two From a lessor perspective, the new guidance remains mostly similar to current rules, though contract consideration will now be allocated between lease and non-lease components. Non-lease component allocations will be recognized under ASU 2014 09, 2016 02 not 2016 02 three March 31, 2018 2017, $4.1 $3.9 Revenue The following table disaggregates our revenue by major source for the three March 31, 2018: For the Three Months Ended March 31, 2018 Minimum rent Overage rent Tenant reimbursements Other income Total Lease related $ 123,339 $ 2,014 $ 48,644 $ 1,766 $ 175,763 Ancillary — — — 1,649 1,649 Fee related — — — 2,342 2,342 Other (1) — — — 586 586 Total revenues $ 123,339 $ 2,014 $ 48,644 $ 6,343 $ 180,340 ( 1 Minimum Rent Minimum rent is recognized on a straight-line basis over the terms of their respective leases. Minimum rent also includes accretion related to above-market and below-market lease intangibles related to the acquisition of operating properties. We amortize any tenant inducements as a reduction of revenue utilizing the straight-line method over the term of the related lease or occupancy term of the tenant, if shorter. Overage Rent A large number of our retail tenants are also required to pay overage rents based on sales over a stated base amount during the lease year. We recognize overage rents only when each tenant's sales exceed the applicable sales threshold as defined in their lease. Tenant Reimbursements A substantial portion of our leases require the tenant to reimburse us for a material portion of our property operating expenses, including CAM, real estate taxes and insurance. Such property operating expenses typically include utility, insurance, security, janitorial, landscaping, food court and other administrative expenses. Tenant reimbursements are established in the leases or computed based upon a formula related to real estate taxes, insurance and other property operating expenses and are recognized as revenues in the period they are earned. When not Other Income Lease related: no Ancillary: third third one Fee related:

Note 4 - Investment in Real Est

Note 4 - Investment in Real Estate	3 Months Ended
Note 4 - Investment in Real Estate	Mar. 31, 2018
Notes to Financial Statements
Mergers, Acquisitions and Dispositions Disclosures [Text Block]	4. 2 018 On January 12, 2018, first September 20, 2017 first 10 $13.7 $13.5 April 11, 2018 ( 11 second 2018, In connection with the 2018 $8.2 three March 31, 2018, 2017 On February 21, 2017, $42.0 On January 10, 2017, $9.0 In connection with the 2017 $0.1 three March 31, 2017, Impairment During the first 2017, second 2017. March 31, 2017, not $8.5 three March 31, 2017.

Note 5 - Investment In Unconsol

Note 5 - Investment In Unconsolidated Entities, at Equity	3 Months Ended
Note 5 - Investment In Unconsolidated Entities, at Equity	Mar. 31, 2018
Notes to Financial Statements
Equity Method Investments and Joint Ventures Disclosure [Text Block]	5. The Company's investment activity in unconsolidated real estate entities during the three March 31, 2018 March 31, 2017 • The O'Connor Joint Venture I This investment consists of a 51% five On March 2, 2017, 153,000 $70.0 On March 30, 2017, $43.2 eight 4.071% April 1, 2019, On March 29, 2017, $55.0 ten 4.36% May 1, 2022, • The O'Connor Joint Venture II During the quarter ended June 30, 2017, third seven 51% 49% • The Seminole Joint Venture This investment consists of a 45% 1.1 8% 2018. Advances to the O'Connor Joint Venture I and O'Connor Joint Venture II totaled $4.4 $4.3 March 31, 2018 December 31, 2017, one The following table presents the combined balance sheets for the O'Connor Joint Venture I, O'Connor Joint Venture II, the Seminole Joint Venture, and an indirect 12.5% March 31, 2018 December 31, 2017: March 31, 2018 December 31, 2017 Assets: Investment properties at cost, net $ 1,961,419 $ 1,972,208 Construction in progress 43,139 44,817 Cash and cash equivalents 31,313 40,955 Tenant receivables and accrued revenue, net 30,869 30,866 Deferred costs and other assets (1) 174,266 174,665 Total assets $ 2,241,006 $ 2,263,511 Liabilities and Members’ Equity: Mortgage notes payable $ 1,299,838 $ 1,302,143 Accounts payable, accrued expenses, intangibles, and deferred revenues (2) 150,573 148,273 Total liabilities 1,450,411 1,450,416 Members’ equity 790,595 813,095 Total liabilities and members’ equity $ 2,241,006 $ 2,263,511 Our share of members’ equity, net $ 402,800 $ 414,245 Our share of members’ equity, net $ 402,800 $ 414,245 Advances and excess investment 23,359 22,173 Net investment in and advances to unconsolidated entities, at equity (3) $ 426,159 $ 436,418 ( 1 Includes value of acquired in-place leases and acquired above-market leases with a net book value of $103,905 $107,869 March 31, 2018 December 31, 2017, ( 2 Includes the net book value of below market leases of $65,148 $69,269 March 31, 2018 December 31, 2017, ( 3 Includes $441,580 $451,839 March 31, 2018 December 31, 2017, $15,421 March 31, 2018 December 31, 2017. The following table presents the combined statements of operations for the O'Connor Joint Venture II for the three March 31, 2018 12.5% three March 31, 2018 2017: For the Three Months Ended March 31, 2018 2017 Total revenues $ 65,902 $ 48,434 Operating expenses 25,869 20,591 Depreciation and amortization 23,461 19,034 Operating income 16,572 8,809 Interest expense, taxes, and other, net (13,039 ) (8,460 ) Net income from the Company's unconsolidated real estate entities $ 3,533 $ 349 Our share of income (loss) from the Company's unconsolidated real estate entities $ 1,162 $ (444 )

Note 6 - Indebtedness

Note 6 - Indebtedness	3 Months Ended
Note 6 - Indebtedness	Mar. 31, 2018
Notes to Financial Statements
Debt Disclosure [Text Block]	6. Mortgage Debt Total mortgage indebtedness at March 31, 2018 December 31, 2017 March 31, December 31, Face amount of mortgage loans $ 1,061,335 $ 1,152,436 Fair value adjustments, net 7,681 8,338 Debt issuance cost, net (3,421 ) (3,692 ) Carrying value of mortgage loans $ 1,065,595 $ 1,157,082 A roll forward of mortgage indebtedness from December 31, 2017 March 31, 2018 Balance at December 31, 2017 $ 1,157,082 Debt amortization payments (4,601 ) Repayment of debt (86,500 ) Amortization of fair value and other adjustments (657 ) Amortization of debt issuance costs 271 Balance at March 31, 2018 $ 1,065,595 On January 19, 2018, $86.5 ® Unsecured Debt On January 22, 2018, $1.0 $1.5 $650.0 $350.0 $350.0 $270.0 June 2015 The following table identifies our total unsecured debt outstanding at March 31, 2018 December 31, 2017: March 31, December 31, Notes payable: Face amount - the Exchange Notes (1) $ 250,000 $ 250,000 Face amount - 5.950% Notes due 2024 (2) 750,000 750,000 Debt discount, net (10,742 ) (11,086 ) Debt issuance costs, net (9,062 ) (9,542 ) Total carrying value of notes payable $ 980,196 $ 979,372 Unsecured term loans: (8) Face amount - Term Loan (3)(4) $ 350,000 $ — Face amount - December 2015 Term Loan (5) 340,000 340,000 Face amount - June 2015 Term Loan (6) — 270,000 Debt issuance costs, net (5,299 ) (3,305 ) Total carrying value of unsecured term loans $ 684,701 $ 606,695 Revolving credit facility: (3)(7) Face amount $ 200,000 $ 155,000 Debt issuance costs, net (4,845 ) (540 ) Total carrying value of revolving credit facility $ 195,155 $ 154,460 ( 1 0.028% 3.850% April 1, 2020. ( 2 5.950% 2024 1.533% 5.950% August 15, 2024. ( 3 ( 4 one 1.45% December 30, 2022. $270.0 2.56% June 30, 2018. March 31, 2018, one 1.45% 3.33%. ( 5 December 2015 one 1.80% January 10, 2023. $340.0 3.51% ( 6 June 2015 one 1.45% three March 31, 2018, June 2015 $0.5 ( 7 December 31, 2017, $900.0 one 1.25%, May 30, 2018. three March 31, 2018, $650.0 one 1.25%. December 30, 2021, two six $0.3 March 31, 2018, $449.8 $0.2 March 31, 2018, one 1.25% 3.13%. ( 8 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 March 31, 2018, The total balance of mortgages was approximately $1.1 March 31, 2018. March 31, 2018, 23 one 27 one four may may not two At March 31, 2018, 11 March 31, 2018 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 and fixed-rate unsecured debt (including variable-rate unsecured debt swapped to fixed-rate) using cash flows discounted at current borrowing rates. We estimate the fair values of consolidated fixed-rate unsecured notes payable using quoted market prices, or, if no The book value and fair value of these financial instruments and the related discount rate assumptions as of March 31, 2018 December 31, 2017 March 31, 2018 December 31, 2017 Book value of fixed-rate mortgages (1) $ 996,335 $ 1,000,936 Fair value of fixed-rate mortgages $ 1,006,373 $ 1,024,890 Weighted average discount rates assumed in calculation of fair value for fixed-rate mortgages 4.48 % 4.19 % Book value of fixed-rate unsecured debt (1) $ 1,610,000 $ 1,610,000 Fair value of fixed-rate unsecured debt $ 1,532,072 $ 1,616,810 Weighted average discount rates assumed in calculation of fair value for fixed-rate unsecured debt 4.90 % 4.27 % ( 1

Note 7 - Derivative Financial I

Note 7 - Derivative Financial Instruments	3 Months Ended
Note 7 - Derivative Financial Instruments	Mar. 31, 2018
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	7. 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 January 1, 2018, 2017 12, 3 For derivatives designated and that qualify as cash flow hedges of interest rate risk, the gain or loss on the derivative 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. 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 $2.7 As of March 31, 2018, 8 $610,000. The table below presents the fair value of the Company's derivative financial instruments as well as their classification on the consolidated balance sheets as of March 31, 2018 December 31, 2017: Derivatives designated as hedging instruments: Balance Sheet Location March 31, 2018 December 31, 2017 Interest rate products Asset derivatives Deferred costs and other assets $ 13,164 $ 7,413 The asset derivative instruments were reported at their fair value of $13,164 $7,413 March 31, 2018 December 31, 2017, no March 31, 2018 December 31, 2017. The table below presents the effect of the Company's derivative financial instruments on the consolidated statements of comprehensive income for the three March 31, 2018 2017: Derivatives in Cash Flow Hedging Relationships Location of Gain or (Loss) Recognized in Income on For the Three Months Ended March 31, (Interest rate products) Derivatives 2018 2017 Amount of Gain Recognized in OCI on Derivative $ 5,997 $ 1,263 Amount of (Loss) or Gain Reclassified from AOCI into Income Interest expense $ (780 ) $ 1,086 The table below presents the effect of the Company's derivative financial instruments on the consolidated statements of operations for the three March 31, 2018 2017: For the Three Months Ended March 31, Effect of Cash Flow Hedges on Consolidated Statements of Operations 2018 2017 Total interest (expense) presented in the consolidated statements of operations in which the effects of cash flow hedges are recorded $ (34,344 ) $ (32,488 ) Amount of (loss) gain reclassified from accumulated other comprehensive income into interest expense $ (780 ) $ 1,086 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 March 31, 2018, not 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 To comply with the provisions of Topic 820, Although the Company has determined that the majority of the inputs used to value its derivatives fall within Level 2 3 March 31, 2018 December 31, 2017, not 2 The tables below presents the Company’s net assets and liabilities measured at fair value as of March 31, 2018 December 31, 2017 Quoted Prices in Active Markets for Identical Liabilities (Level 1) Significant Other O bservable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Balance at March 31, 2018 Derivative instruments, net $ — $ 13,164 $ — $ 13,164 Quoted Prices in Active Markets for Identical Liabilities (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Balance at December 31, 2017 Derivative instruments, net $ — $ 7,413 $ — $ 7,413

Note 8 - Equity

Note 8 - Equity	3 Months Ended
Note 8 - Equity	Mar. 31, 2018
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	8. Exchange Rights Subject to the terms of the limited partnership agreement of WPG L.P., limited partners in WPG L.P. have, at their option, the right to exchange all or any portion of their units for shares of WPG Inc. common stock on a one one March 31, 2018, 34,758,387 The holders of the Series I- 1 1 Stock Based Compensation On May 28, 2014, 2014 10,000,000 500,000 may May 28, 2024. The following is a summary by type of the awards that the Company issued during the three March 31, 2018 March 31, 2017 Annual Long-Term Incentive Awards During the three March 31, 2018 2017, 2018 2017 "2018 "2017 one one third three may 0% 150% three During the performance period, dividend equivalents corresponding to the amount of any regular cash dividends paid by the Company to the Company’s common shareholders for the applicable dividend payment dates will accrue and be deemed reinvested in additional PSUs, which will be settled in common shares at the same time and only to the extent that the underlying PSU is earned and settled in common shares. Payout of the PSUs is also subject to the participant’s continued employment with the Company through the end of the performance period. The awards were valued through the use of a Monte Carlo model and the related compensation expense is recognized over the three The following table summarizes the issuance of the 2018 2017 2018 Annual Long-Term Incentive Awards 2017 Annual Long-Term Incentive Awards Grant Date February 20, 2018 February 21, 2017 RSUs issued 587,000 358,198 Grant date fair value per unit $6.10 $9.58 PSUs issued $587,000 358,198 Grant date fair value per unit $4.88 $7.72 During the three March 31, 2017, 324,237 $2.2 2016 one third February 21, 2018, 2019 2020. Stock Options During the three March 31, 2018, no no 23,296 March 31, 2018, 770,718 During the three March 31, 2017, no 1,566 34,452 Share Award Related Compensation Expense During the three March 31, 2018 2017, $1.7 $1.5 may, Distributions During the three March 31, 2018 2017, $0.25

Note 9 - Commitments and Contin

Note 9 - Commitments and Contingencies	3 Months Ended
Note 9 - Commitments and Contingencies	Mar. 31, 2018
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	9. Litigation We are involved from time-to-time in various legal proceedings that arise in the ordinary course of our business, including, but not not Concentration of Credit Risk Our properties rely heavily upon anchor or major tenants to attract customers; however, these retailers do not no 5%

Note 10 - Earnings Per Common S

Note 10 - Earnings Per Common Share/Unit	3 Months Ended
Note 10 - Earnings Per Common Share/Unit	Mar. 31, 2018
Notes to Financial Statements
Earnings Per Share [Text Block]	10. Earnings Per Common Share/Unit WPG Inc. Earnings Per Common Share We determine WPG Inc.'s basic earnings per common 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 The following table sets forth the computation of WPG Inc.'s basic and diluted earnings per common share: For the Three Months Ended March 31, 2018 2017 Earnings Per Common Share, Basic: Net income attributable to common shareholders - basic $ 14,016 $ 9,302 Weighted average shares outstanding - basic 187,309,744 186,278,173 Earnings per common share, basic $ 0.07 $ 0.05 Earnings Per Common Share, Diluted: Net income attributable to common shareholders - basic $ 14,016 $ 9,302 Net income attributable to common unitholders 2,601 1,754 Net income attributable to common shareholders - diluted $ 16,617 $ 11,056 Weighted average common shares outstanding - basic 187,309,744 186,278,173 Weighted average operating partnership units outstanding 34,680,058 34,986,704 Weighted average additional dilutive securities outstanding 1,288,678 525,629 Weighted average common shares outstanding - diluted 223,278,480 221,790,506 Earnings per common share, diluted $ 0.07 $ 0.05 For the three March 31, 2018 2017, WPG L.P. Earnings Per Common Unit We determine WPG L.P.'s basic earnings per common unit based on the weighted average number of common units outstanding during the period and we consider any participating securities for purposes of applying the two The following table sets forth the computation of WPG L.P.'s basic and diluted earnings per common unit: For the Three Months Ended March 31, 2018 2017 Earnings Per Common Unit, Basic and Diluted: Net income attributable to common unitholders - basic and diluted $ 16,617 $ 11,056 Weighted average common units outstanding - basic 221,989,802 221,264,877 Weighted average additional dilutive securities outstanding 1,288,678 525,629 Weighted average units outstanding - diluted 223,278,480 221,790,506 Earnings per common unit, basic and diluted $ 0.07 $ 0.05 For the three March 31, 2018 2017,

Note 11 - Subsequent Events

Note 11 - Subsequent Events	3 Months Ended
Note 11 - Subsequent Events	Mar. 31, 2018
Notes to Financial Statements
Subsequent Events [Text Block]	11. On April 24, 2018, $58.0 1031 4 On April 11, 2018, April 6, 2018, $46.0 not April 20, 2018, not On April 11, 2018, four $28.5 $13.4 $9.7 first 4 $5.4 5 $1.25

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
Significant Accounting Policies (Policies)	Mar. 31, 2018
Accounting Policies [Abstract]
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 ("ASC") Topic 820 820” 820, three may • Level 1 • Level 2 1 • Level 3 The asset or liability's fair value within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Under Topic 820,
Use of Estimates, Policy [Policy Text Block]	Use of Estimates We prepared the accompanying consolidated financial statements in accordance with GAAP. This 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 enclosed retail properties and open air properties, into one
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Pronouncements Adoption of New Standards On January 1, 2018, 2014 09, 606 2014 09 $2.5 not 2014 09 Additionally, we adopted the clarified scope guidance of ASC 610 20, 2014 09, 610 20 360 20. may No On January 1, 2018, 2017 12, 815 2017 12 $584 The cumulative effect of the changes to our consolidated January 1, 2018 2014 09 2017 12 Balance at December 31, 2017 Adjustments Due to ASU 2014-09 Adjustments Due to ASU 2017-12 Balance at January 1, 2018 Balance Sheet Liabilities Accounts payable, accrued expenses, intangibles, and deferred revenues $ 264,998 $ (2,474 ) $ — $ 262,524 Equity Capital in excess of par value $ 1,240,483 $ (389 ) $ — $ 1,240,094 Accumulated deficit $ (350,594 ) $ 2,474 $ (584 ) $ (348,704 ) Accumulated other comprehensive income $ 6,920 $ — $ 584 $ 7,504 Noncontrolling interests $ 167,718 $ 389 $ — $ 168,107 In accordance with ASU 2014 09 three March 31, 2018 March 31, 2018 For the Three Months Ended March 31, 2018 As Reported Balances Without Adoption of ASU 2014-09 Effect of Change Higher/(Lower) Consolidated Statements of Operations Revenues Other income $ 6,343 $ 6,203 $ 140 March 31, 2018 As Reported Balances Without Adoption of ASU 2014-09 Effect of Change Higher/(Lower) Balance Sheet Liabilities Accounts payable, accrued expenses, intangibles, and deferred revenues $ 232,673 $ 235,287 $ (2,614 ) Equity Capital in excess of par value $ 1,241,978 $ 1,242,387 $ (409 ) Accumulated deficit $ (381,597 ) $ (384,211 ) $ 2,614 Noncontrolling interests $ 162,645 $ 162,236 $ 409 On January 1, 2018, 2016 15, 230 2016 18 2016 15 no 2016 18 The following is a summary of our cash, cash equivalents and restricted cash total as presented in our statements of cash flows for the three March 31, 2018 2017: For the Three Months Ended March 31, 2018 2017 Cash and cash equivalents $ 45,871 $ 94,531 Restricted cash 28,520 30,849 Total cash, cash equivalents and restricted cash $ 74,391 $ 125,380 For the three March 31, 2017, $1.1 $0.6 March 31, 2017 December 31, 2017. New Standards Issued But Not In February 2016, 2016 02, 842 2016 02 December 15, 2018, March 2018, 2016 02 January 1, 2019 ( January 1, 2017, January 1, 2019. four two From a lessor perspective, the new guidance remains mostly similar to current rules, though contract consideration will now be allocated between lease and non-lease components. Non-lease component allocations will be recognized under ASU 2014 09, 2016 02 not 2016 02 three March 31, 2018 2017, $4.1 $3.9
Revenue Recognition, Policy [Policy Text Block]	Revenue The following table disaggregates our revenue by major source for the three March 31, 2018: For the Three Months Ended March 31, 2018 Minimum rent Overage rent Tenant reimbursements Other income Total Lease related $ 123,339 $ 2,014 $ 48,644 $ 1,766 $ 175,763 Ancillary — — — 1,649 1,649 Fee related — — — 2,342 2,342 Other (1) — — — 586 586 Total revenues $ 123,339 $ 2,014 $ 48,644 $ 6,343 $ 180,340 ( 1 Minimum Rent Minimum rent is recognized on a straight-line basis over the terms of their respective leases. Minimum rent also includes accretion related to above-market and below-market lease intangibles related to the acquisition of operating properties. We amortize any tenant inducements as a reduction of revenue utilizing the straight-line method over the term of the related lease or occupancy term of the tenant, if shorter. Overage Rent A large number of our retail tenants are also required to pay overage rents based on sales over a stated base amount during the lease year. We recognize overage rents only when each tenant's sales exceed the applicable sales threshold as defined in their lease. Tenant Reimbursements A substantial portion of our leases require the tenant to reimburse us for a material portion of our property operating expenses, including CAM, real estate taxes and insurance. Such property operating expenses typically include utility, insurance, security, janitorial, landscaping, food court and other administrative expenses. Tenant reimbursements are established in the leases or computed based upon a formula related to real estate taxes, insurance and other property operating expenses and are recognized as revenues in the period they are earned. When not Other Income Lease related: no Ancillary: third third one Fee related:

Note 3 - Summary of Significa20

Note 3 - Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2018
Notes Tables
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]	Balance at December 31, 2017 Adjustments Due to ASU 2014-09 Adjustments Due to ASU 2017-12 Balance at January 1, 2018 Balance Sheet Liabilities Accounts payable, accrued expenses, intangibles, and deferred revenues $ 264,998 $ (2,474 ) $ — $ 262,524 Equity Capital in excess of par value $ 1,240,483 $ (389 ) $ — $ 1,240,094 Accumulated deficit $ (350,594 ) $ 2,474 $ (584 ) $ (348,704 ) Accumulated other comprehensive income $ 6,920 $ — $ 584 $ 7,504 Noncontrolling interests $ 167,718 $ 389 $ — $ 168,107
Summary of Financial Impact From Adoption of ASU 2014-09 [Table Text Block]	For the Three Months Ended March 31, 2018 As Reported Balances Without Adoption of ASU 2014-09 Effect of Change Higher/(Lower) Consolidated Statements of Operations Revenues Other income $ 6,343 $ 6,203 $ 140 March 31, 2018 As Reported Balances Without Adoption of ASU 2014-09 Effect of Change Higher/(Lower) Balance Sheet Liabilities Accounts payable, accrued expenses, intangibles, and deferred revenues $ 232,673 $ 235,287 $ (2,614 ) Equity Capital in excess of par value $ 1,241,978 $ 1,242,387 $ (409 ) Accumulated deficit $ (381,597 ) $ (384,211 ) $ 2,614 Noncontrolling interests $ 162,645 $ 162,236 $ 409
Schedule of Cash and Cash Equivalents [Table Text Block]	For the Three Months Ended March 31, 2018 2017 Cash and cash equivalents $ 45,871 $ 94,531 Restricted cash 28,520 30,849 Total cash, cash equivalents and restricted cash $ 74,391 $ 125,380
Disaggregation of Revenue [Table Text Block]	For the Three Months Ended March 31, 2018 Minimum rent Overage rent Tenant reimbursements Other income Total Lease related $ 123,339 $ 2,014 $ 48,644 $ 1,766 $ 175,763 Ancillary — — — 1,649 1,649 Fee related — — — 2,342 2,342 Other (1) — — — 586 586 Total revenues $ 123,339 $ 2,014 $ 48,644 $ 6,343 $ 180,340

Note 5 - Investment In Uncons21

Note 5 - Investment In Unconsolidated Entities, at Equity (Tables)	3 Months Ended
	Mar. 31, 2018
Notes Tables
Schedule of Combined Balance Sheets for Unconsolidated Venture Properties [Table Text Block]	March 31, 2018 December 31, 2017 Assets: Investment properties at cost, net $ 1,961,419 $ 1,972,208 Construction in progress 43,139 44,817 Cash and cash equivalents 31,313 40,955 Tenant receivables and accrued revenue, net 30,869 30,866 Deferred costs and other assets (1) 174,266 174,665 Total assets $ 2,241,006 $ 2,263,511 Liabilities and Members’ Equity: Mortgage notes payable $ 1,299,838 $ 1,302,143 Accounts payable, accrued expenses, intangibles, and deferred revenues (2) 150,573 148,273 Total liabilities 1,450,411 1,450,416 Members’ equity 790,595 813,095 Total liabilities and members’ equity $ 2,241,006 $ 2,263,511 Our share of members’ equity, net $ 402,800 $ 414,245 Our share of members’ equity, net $ 402,800 $ 414,245 Advances and excess investment 23,359 22,173 Net investment in and advances to unconsolidated entities, at equity (3) $ 426,159 $ 436,418
Equity Method Investments [Table Text Block]	For the Three Months Ended March 31, 2018 2017 Total revenues $ 65,902 $ 48,434 Operating expenses 25,869 20,591 Depreciation and amortization 23,461 19,034 Operating income 16,572 8,809 Interest expense, taxes, and other, net (13,039 ) (8,460 ) Net income from the Company's unconsolidated real estate entities $ 3,533 $ 349 Our share of income (loss) from the Company's unconsolidated real estate entities $ 1,162 $ (444 )

Note 6 - Indebtedness (Tables)

Note 6 - Indebtedness (Tables)	3 Months Ended
Note 6 - Indebtedness (Tables)	Mar. 31, 2018
Notes Tables
Schedule of Long-term Debt Instruments [Table Text Block]	March 31, December 31, Face amount of mortgage loans $ 1,061,335 $ 1,152,436 Fair value adjustments, net 7,681 8,338 Debt issuance cost, net (3,421 ) (3,692 ) Carrying value of mortgage loans $ 1,065,595 $ 1,157,082
Roll Forward of Mortgage Indebtedness [Table Text Block]	Balance at December 31, 2017 $ 1,157,082 Debt amortization payments (4,601 ) Repayment of debt (86,500 ) Amortization of fair value and other adjustments (657 ) Amortization of debt issuance costs 271 Balance at March 31, 2018 $ 1,065,595
Schedule of Debt [Table Text Block]	March 31, December 31, Notes payable: Face amount - the Exchange Notes (1) $ 250,000 $ 250,000 Face amount - 5.950% Notes due 2024 (2) 750,000 750,000 Debt discount, net (10,742 ) (11,086 ) Debt issuance costs, net (9,062 ) (9,542 ) Total carrying value of notes payable $ 980,196 $ 979,372 Unsecured term loans: (8) Face amount - Term Loan (3)(4) $ 350,000 $ — Face amount - December 2015 Term Loan (5) 340,000 340,000 Face amount - June 2015 Term Loan (6) — 270,000 Debt issuance costs, net (5,299 ) (3,305 ) Total carrying value of unsecured term loans $ 684,701 $ 606,695 Revolving credit facility: (3)(7) Face amount $ 200,000 $ 155,000 Debt issuance costs, net (4,845 ) (540 ) Total carrying value of revolving credit facility $ 195,155 $ 154,460
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]	March 31, 2018 December 31, 2017 Book value of fixed-rate mortgages (1) $ 996,335 $ 1,000,936 Fair value of fixed-rate mortgages $ 1,006,373 $ 1,024,890 Weighted average discount rates assumed in calculation of fair value for fixed-rate mortgages 4.48 % 4.19 % Book value of fixed-rate unsecured debt (1) $ 1,610,000 $ 1,610,000 Fair value of fixed-rate unsecured debt $ 1,532,072 $ 1,616,810 Weighted average discount rates assumed in calculation of fair value for fixed-rate unsecured debt 4.90 % 4.27 %

Note 7 - Derivative Financial23

Note 7 - Derivative Financial Instruments (Tables)	3 Months Ended
Note 7 - Derivative Financial Instruments (Tables)	Mar. 31, 2018
Notes Tables
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location [Table Text Block]	Derivatives designated as hedging instruments: Balance Sheet Location March 31, 2018 December 31, 2017 Interest rate products Asset derivatives Deferred costs and other assets $ 13,164 $ 7,413
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block]	Derivatives in Cash Flow Hedging Relationships Location of Gain or (Loss) Recognized in Income on For the Three Months Ended March 31, (Interest rate products) Derivatives 2018 2017 Amount of Gain Recognized in OCI on Derivative $ 5,997 $ 1,263 Amount of (Loss) or Gain Reclassified from AOCI into Income Interest expense $ (780 ) $ 1,086 For the Three Months Ended March 31, Effect of Cash Flow Hedges on Consolidated Statements of Operations 2018 2017 Total interest (expense) presented in the consolidated statements of operations in which the effects of cash flow hedges are recorded $ (34,344 ) $ (32,488 ) Amount of (loss) gain reclassified from accumulated other comprehensive income into interest expense $ (780 ) $ 1,086
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]	Quoted Prices in Active Markets for Identical Liabilities (Level 1) Significant Other O bservable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Balance at March 31, 2018 Derivative instruments, net $ — $ 13,164 $ — $ 13,164 Quoted Prices in Active Markets for Identical Liabilities (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Balance at December 31, 2017 Derivative instruments, net $ — $ 7,413 $ — $ 7,413

Note 8 - Equity (Tables)

Note 8 - Equity (Tables)	3 Months Ended
Note 8 - Equity (Tables)	Mar. 31, 2018
Notes Tables
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]	2018 Annual Long-Term Incentive Awards 2017 Annual Long-Term Incentive Awards Grant Date February 20, 2018 February 21, 2017 RSUs issued 587,000 358,198 Grant date fair value per unit $6.10 $9.58 PSUs issued $587,000 358,198 Grant date fair value per unit $4.88 $7.72

Note 10 - Earnings Per Common25

Note 10 - Earnings Per Common Share/Unit (Tables)	3 Months Ended
Note 10 - Earnings Per Common Share/Unit (Tables)	Mar. 31, 2018
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	For the Three Months Ended March 31, 2018 2017 Earnings Per Common Share, Basic: Net income attributable to common shareholders - basic $ 14,016 $ 9,302 Weighted average shares outstanding - basic 187,309,744 186,278,173 Earnings per common share, basic $ 0.07 $ 0.05 Earnings Per Common Share, Diluted: Net income attributable to common shareholders - basic $ 14,016 $ 9,302 Net income attributable to common unitholders 2,601 1,754 Net income attributable to common shareholders - diluted $ 16,617 $ 11,056 Weighted average common shares outstanding - basic 187,309,744 186,278,173 Weighted average operating partnership units outstanding 34,680,058 34,986,704 Weighted average additional dilutive securities outstanding 1,288,678 525,629 Weighted average common shares outstanding - diluted 223,278,480 221,790,506 Earnings per common share, diluted $ 0.07 $ 0.05 For the Three Months Ended March 31, 2018 2017 Earnings Per Common Unit, Basic and Diluted: Net income attributable to common unitholders - basic and diluted $ 16,617 $ 11,056 Weighted average common units outstanding - basic 221,989,802 221,264,877 Weighted average additional dilutive securities outstanding 1,288,678 525,629 Weighted average units outstanding - diluted 223,278,480 221,790,506 Earnings per common unit, basic and diluted $ 0.07 $ 0.05

Note 1 - Organization (Details

Note 1 - Organization (Details Textual) ft² in Millions	3 Months Ended
Note 1 - Organization (Details Textual) ft² in Millions	Mar. 31, 2018ft²
Real Estate Investment Trust Minimum Percentage Required for Distribution to Not Be Liable for Federal Income Taxes	90.00%
Shopping Centers [Member]
Number of Real Estate Properties	108
Area of Real Estate Property	59

Note 2 - Basis of Presentatio27

Note 2 - Basis of Presentation and Principles of Consolidation (Details Textual)	3 Months Ended
	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017
Threshold Ownership Interest Entity ControlIs That Properties Are Included in Financial Statements	100.00%
Number of VIEs	2
Washington Prime Group, L.P. [Member]
Noncontrolling Interest, Ownership Percentage by Parent	84.40%	84.30%
Washington Prime Group, L.P. [Member] \| Weighted Average [Member]
Noncontrolling Interest, Ownership Percentage by Parent	84.30%		84.10%
Wholly Owned Properties [Member]
Number of Real Estate Properties	91
Partially Owned Properties [Member]
Number of Real Estate Properties	4
Corporate Joint Venture [Member]
Number of Real Estate Properties	13
Shopping Centers [Member]
Number of Real Estate Properties	108

Note 3 - Summary of Significa28

Note 3 - Summary of Significant Accounting Policies (Details Textual) $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)	Mar. 31, 2017USD ($)	Jan. 01, 2018USD ($)	Dec. 31, 2017USD ($)
Number of Reportable Segments	1
Cumulative Effect of New Accounting Principle in Period of Adoption				$ 2,474
Number of Ground Leases	4
Number of Properties Subject to Office Leases	2
Deferred Costs, Leasing, Net, Total	$ 4,100	$ 3,900
AOCI Attributable to Parent [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption				584
Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption				$ 1,890
Accounting Standards Update 2014-09 [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption			$ 2,500
Accounting Standards Update 2017-12 [Member] \| Restatement Adjustment [Member] \| AOCI Attributable to Parent [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption			584
Accounting Standards Update 2017-12 [Member] \| Restatement Adjustment [Member] \| Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption			$ (584)
Accounting Standards Update 2016-15 [Member]
Increase (Decrease) in Restricted Cash for Operating Activities		1,100
Proceeds from (Repayments of) Restricted Cash, Financing Activities		$ 600

Note 3 - Summary of Significa29

Note 3 - Summary of Significant Account Policies - Changes to Consolidated Balance Sheets (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Jan. 01, 2018	Dec. 31, 2017
Accounts payable, accrued expenses, intangibles, and deferred revenues	$ 232,673	$ 262,524	$ 264,998
Capital in excess of par value	1,241,978	1,240,094	1,240,483
Accumulated deficit	(381,597)	(348,704)	(350,594)
Accumulated other comprehensive income	11,900	7,504	6,920
Noncontrolling interests	162,645	168,107	$ 167,718
Accounting Standards Update 2014-09 [Member]
Accounts payable, accrued expenses, intangibles, and deferred revenues	(2,614)	(2,474)
Capital in excess of par value	(409)	(389)
Accumulated deficit	2,614	2,474
Accumulated other comprehensive income
Noncontrolling interests	$ 409	389
Accounting Standards Update 2017-12 [Member]
Accounts payable, accrued expenses, intangibles, and deferred revenues
Capital in excess of par value
Accumulated deficit		(584)
Accumulated other comprehensive income		584
Noncontrolling interests

Note 3 - Summary of Significa30

Note 3 - Summary of Significant Accounting Policies - Changes to Consolidated Financial Statements from ASU 2014-09 (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Jan. 01, 2018	Dec. 31, 2017
Other income	$ 6,343	$ 5,656
Accounts payable, accrued expenses, intangibles, and deferred revenues	232,673		$ 262,524	$ 264,998
Capital in excess of par value	1,241,978		1,240,094	1,240,483
Accumulated deficit	(381,597)		(348,704)	(350,594)
Noncontrolling interests	162,645		168,107	$ 167,718
Accounting Standards Update 2014-09 [Member]
Other income	140
Accounts payable, accrued expenses, intangibles, and deferred revenues	(2,614)		(2,474)
Capital in excess of par value	(409)		(389)
Accumulated deficit	2,614		2,474
Noncontrolling interests	409		$ 389
Pro Forma [Member]
Other income	6,203
Accounts payable, accrued expenses, intangibles, and deferred revenues	235,287
Capital in excess of par value	1,242,387
Accumulated deficit	(384,211)
Noncontrolling interests	$ 162,236

Note 3 - Summary of Significa31

Note 3 - Summary of Significant Policies - Summary of Cash and Cash Equivalents (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2016
Cash and cash equivalents	$ 45,871	$ 52,019	$ 94,531
Restricted cash	28,520		30,849
Total cash, cash equivalents and restricted cash	$ 74,391	$ 70,201	$ 125,380	$ 88,514

Note 3 - Summary of Significa32

Note 3 - Summary of Significant Accounting Policies - Revenue by Major Source (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2018	Mar. 31, 2017
Minimum rent		$ 123,339	$ 137,116
Overage rent		2,014	2,832
Tenant reimbursements		48,644
Other income		6,343	5,656
Total revenues		180,340	$ 202,394
Lease Related [Member]
Minimum rent		123,339
Overage rent		2,014
Tenant reimbursements		48,644
Other income		1,766
Total revenues		175,763
Ancillary [Member]
Minimum rent
Overage rent
Tenant reimbursements
Other income		1,649
Total revenues		1,649
Fee Related [Member]
Minimum rent
Overage rent
Tenant reimbursements
Other income		2,342
Total revenues		2,342
Other Revenue [Member]
Minimum rent	[1]
Overage rent	[1]
Tenant reimbursements	[1]
Other income	[1]	586
Total revenues	[1]	$ 586

[1]	Primarily relates to insurance proceeds received from property insurance claims.

Note 4 - Investment in Real E33

Note 4 - Investment in Real Estate (Details Textual) $ in Thousands	Jan. 12, 2018USD ($)	Mar. 31, 2018USD ($)	Mar. 31, 2017USD ($)	Feb. 21, 2017USD ($)	Jan. 10, 2017USD ($)
Gain (Loss) on Disposition of Assets, Total		$ 8,200	$ 100
Impairment of Real Estate		$ 0	8,509
Restaurant Outparcels [Member]
Number of Restaurants Sold	10
Sales Price of Real Estate	$ 13,700
Proceeds from Sale of Real Estate, Total	$ 13,500
Gulf View Square and River Oaks Center [Member] \| Real Estate [Member]
Sales Price of Real Estate				$ 42,000
Virginia Center Commons [Member] \| Real Estate [Member]
Sales Price of Real Estate					$ 9,000
Morgantown Commons [Member]
Impairment of Real Estate			$ 8,500

Note 5 - Investment In Uncons34

Note 5 - Investment In Unconsolidated Entities, at Equity (Details Textual) $ in Thousands	Mar. 30, 2017USD ($)	Mar. 29, 2017USD ($)	Mar. 31, 2018USD ($)ft²	Dec. 31, 2017USD ($)	Jun. 30, 2017	Mar. 02, 2017USD ($)ft²
Notes Payable, Total			$ 980,196	$ 979,372
Acquired In Place and Above Market Leases			103,905	107,869
Below Market Lease, Net, Ending Balance			65,148	69,269
Equity Method Investments			441,580	451,839
Cash Distributions and Losses in Unconsolidated Entities at Equity			$ 15,421	15,421
O'Connor Joint Venture [Member] \| Pearlridge Uptown II [Member]
Area of Real Estate Property \| ft²						153,000
Purchase of Real Estate, Purchase Price						$ 70,000
O'Connor Joint Venture II [Member]
Equity Method Investment, Ownership Percentage					51.00%
Number of Real Estate Properties					7
O'Connor Joint Venture II [Member] \| O'Connor Mall Partners LP [Member]
Equity Method Investment, Ownership Percentage					49.00%
The Seminole Joint Venture [Member]
Equity Method Investment, Ownership Percentage			8.00%
The Seminole Joint Venture [Member] \| Direct Interest [Member]
Equity Method Investment, Ownership Percentage			45.00%
The Seminole Joint Venture [Member] \| Seminole Town Center [Member]
Area of Real Estate Property \| ft²			1,100,000
O'Connor Joint Venture I and O'Connor Joint Venture II [Member]
Advances to Affiliate			$ 4,400	$ 4,300
Other Joint Venture [Member] \| Indirect Interest [Member]
Equity Method Investment, Ownership Percentage			12.50%	12.50%
O'Connor Mall Partners LP [Member] \| O'Connor Joint Venture [Member]
Equity Method Investment, Ownership Percentage			51.00%
Number of Real Estate Properties			5
O'Connor Mall Partners LP [Member] \| O'Connor Joint Venture [Member] \| Pearlridge Uptown II [Member] \| Non-recourse Mortgage Note Payable [Member]
Notes Payable, Total	$ 43,200
Debt Instrument, Term	8 years
Debt Instrument, Interest Rate, Stated Percentage	4.071%
O'Connor Mall Partners LP [Member] \| O'Connor Joint Venture [Member] \| Scottsdale Quarter, Block K and Block M [Member] \| Non-recourse Mortgage Note Payable [Member]
Notes Payable, Total		$ 55,000
Debt Instrument, Term		10 years
Debt Instrument, Interest Rate, Stated Percentage		4.36%

Note 5 - Investment In Uncons35

Note 5 - Investment In Unconsolidated Entities, At Equity - Combined Balance Sheets (Details) - USD ($) $ in Thousands		Mar. 31, 2018	Jan. 01, 2018	Dec. 31, 2017	Mar. 31, 2017
Investment properties at cost, net		$ 3,638,173		$ 3,668,140
Cash and cash equivalents		45,871		52,019	$ 94,531
Deferred costs and other assets		205,245		189,095
Total assets		4,417,519		4,451,407
Accounts payable, accrued expenses, intangibles, and deferred revenues		232,673	$ 262,524	264,998
Total liabilities		3,176,733		3,181,020
Members’ equity		1,074,876		1,099,404
Total liabilities and members’ equity		4,417,519		4,451,407
Our share of members’ equity, net		441,580		451,839
Joint Venture Equity Method Investments [Member]
Investment properties at cost, net		1,961,419		1,972,208
Construction in progress		43,139		44,817
Cash and cash equivalents		31,313		40,955
Tenant receivables and accrued revenue, net		30,869		30,866
Deferred costs and other assets	[1]	174,266		174,665
Total assets		2,241,006		2,263,511
Mortgage notes payable		1,299,838		1,302,143
Accounts payable, accrued expenses, intangibles, and deferred revenues	[2]	150,573		148,273
Total liabilities		1,450,411		1,450,416
Members’ equity		790,595		813,095
Total liabilities and members’ equity		2,241,006		2,263,511
Our share of members’ equity, net		402,800		414,245
Advances and excess investment		23,359		22,173
Net investment in and advances to unconsolidated entities, at equity(3)	[3]	$ 426,159		$ 436,418

[1]	Includes value of acquired in-place leases and acquired above-market leases with a net book value of $103,905 and $107,869 as of March 31, 2018 and December 31, 2017, respectively.
[2]	Includes the net book value of below market leases of $65,148 and $69,269 as of March 31, 2018 and December 31, 2017, respectively.
[3]	Includes $441,580 and $451,839 of investment in and advances to unconsolidated entities, at equity as of March 31, 2018 and December 31, 2017, respectively, and $15,421 of cash distributions and losses in unconsolidated entities, at equity as of March 31, 2018 and December 31, 2017.

Note 5 - Investment in Uncons36

Note 5 - Investment in Unconsolidated Entities, at Equity - Combined Statements of Operations for the Unconsolidated Joint Venture Properties (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Total revenues	$ 65,902	$ 48,434
Operating expenses	25,869	20,591
Depreciation and amortization	23,461	19,034
Operating income	16,572	8,809
Interest expense, taxes, and other, net	(13,039)	(8,460)
Net income from the Company's unconsolidated real estate entities	3,533	349
Our share of income (loss) from the Company's unconsolidated real estate entities	$ 1,162	$ (444)

Note 6 - Indebtedness (Details

Note 6 - Indebtedness (Details Textual) $ in Thousands		Jan. 22, 2018USD ($)	Jan. 19, 2018USD ($)	Mar. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Long-term Debt, Total				$ 1,065,595	$ 1,157,082
Interest Rate Swaption for Unsecured Term Loan [Member]
Derivative, Notional Amount				$ 270,000
Derivative, Fixed Interest Rate				2.56%
Interest Rate Swaption for December 2015 Term Loan [Member]
Derivative, Notional Amount				$ 340,000
Derivative, Fixed Interest Rate				3.51%
Washington Prime Group, L.P. [Member]
Long-term Debt, Total				$ 1,065,595	1,157,082
Senior Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage				3.85%
Senior Notes [Member] \| Measurement Input, Discount Rate [Member]
Debt Instrument, Discount, Percent				0.028%
Unsecured Debt [Member]
Long-term Debt, Total	[1]			$ 1,610,000	$ 1,610,000
Unsecured Debt [Member] \| Measurement Input, Discount Rate [Member]
Debt Instrument, Discount, Percent				4.90%	4.27%
Mortgages [Member]
Repayments of Debt				$ 86,500
Long-term Debt, Total				1,065,595	$ 1,157,082
Secured Debt [Member]
Long-term Debt, Total	[1]			$ 996,335	$ 1,000,936
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Number of Loans				23
Number of Full-Recourse Loans				1
Number of Cross-Defaulted and Cross-Collateralized Mortgage Pools With Collateral Properties				27
Number of Properties, Cross-Defaulted and Cross-Collateralized Mortgages, Total				1
Number of Properties Encumbered by Cross-Defaulted and Cross-Collateralized Mortgages				4
Mortgage Loans On Real Estate, Minimum Number of Consecutive Quarters for Which Cash Levels Should Attain the Benchmark				2
Secured Debt [Member] \| Measurement Input, Discount Rate [Member]
Debt Instrument, Discount, Percent				4.48%	4.19%
Revolving Credit Facility [Member] \| Unsecured Debt [Member]
Long-term Debt, Total	[2],[3]			$ 195,155	$ 154,460
Mortgage Loan on The Outlet Collection Seattle [Member]
Repayments of Debt			$ 86,500
Facility [Member]
Debt Agreement Maximum Borrowing Capacity		$ 1,000,000
Debt Agreement Potential Maximum Borrowing Capacity		1,500,000
Facility [Member] \| Unsecured Term Loans [Member]
Debt Instrument, Face Amount		350,000
Proceeds from Issuance of Long-term Debt, Total		350,000
Debt Instrument, Interest Rate, Effective Percentage				3.33%
Facility [Member] \| Unsecured Term Loans [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate				1.45%
Facility [Member] \| Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity		650,000		$ 650,000	$ 900,000
Debt Instrument, Basis Spread on Variable Rate					1.25%
Debt Instrument, Interest Rate, Effective Percentage				3.13%
Write off of Deferred Debt Issuance Cost				$ 300
Debt Instrument, Number of Extension Options				2
Line of Credit Facility, Remaining Borrowing Capacity				$ 449,800
Letters of Credit Outstanding, Amount				$ 200
Debt Instrument, Period of Extension Option				180 days
Facility [Member] \| Revolving Credit Facility [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate				1.25%
June 2015 Term Loan and Revolver [Member]
Repayments of Debt		$ 270,000
Notes Payable, Notes Due 2024 [Member] \| Unsecured Debt [Member]
Debt Instrument, Interest Rate, Stated Percentage				5.95%	5.95%
Notes Payable, Notes Due 2024 [Member] \| Unsecured Debt [Member] \| Washington Prime Group, L.P. [Member]
Debt Instrument, Interest Rate, Stated Percentage				5.95%
Notes Payable, Notes Due 2024 [Member] \| Unsecured Debt [Member] \| Measurement Input, Discount Rate [Member] \| Washington Prime Group, L.P. [Member]
Debt Instrument, Discount, Percent				1.533%
December 2015 Term Loan [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate				1.80%
June 2015 Term Loan [Member]
Write off of Deferred Debt Issuance Cost				$ 500
June 2015 Term Loan [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate				1.45%

[1]	Excludes debt issuance costs and applicable debt discounts.
[2]	As of December 31, 2017, the Revolver provided borrowings on a revolving basis up to $900.0 million, bore interest at one-month LIBOR plus 1.25%, and was initially scheduled to mature on May 30, 2018. During the three months ended March 31, 2018, we amended the terms of the Revolver to provide borrowings on a revolving basis up to $650.0 million at one-month LIBOR plus 1.25%. Under the amended terms, the Revolver will mature on December 30, 2021, subject to two six-month extensions available at our option subject to compliance with terms of the Facility and payment of a customary extension fee. Upon the amended terms, the Company wrote off $0.3 million of debt issuance costs. At March 31, 2018, we had an aggregate available borrowing capacity of $449.8 million under the Revolver, net of $0.2 million reserved for outstanding letters of credit. At March 31, 2018, the applicable interest rate on the Revolver was one-month LIBOR plus 1.25% or 3.13%.
[3]	The unsecured revolving credit facility, or "Revolver" and unsecured term loan, or "Term Loan" are collectively known as the "Facility."

Note 6 - Indebtedness - Mortgag

Note 6 - Indebtedness - Mortgage Indebtedness (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Carrying value	$ 1,065,595	$ 1,157,082
Mortgages [Member]
Face amount of mortgage loans	1,061,335	1,152,436
Fair value adjustments, net	7,681	8,338
Debt issuance cost, net	(3,421)	(3,692)
Carrying value	$ 1,065,595	$ 1,157,082

Note 6 - Indebtedness - Roll Fo

Note 6 - Indebtedness - Roll Forward of Mortgage Indebtedness (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)
Balance	$ 1,157,082
Balance	1,065,595
Mortgages [Member]
Balance	1,157,082
Debt amortization payments	(4,601)
Repayment of debt	(86,500)
Amortization of fair value and other adjustments	(657)
Amortization of debt issuance costs	271
Balance	$ 1,065,595

Note 6 - Indebtedness - Unsecur

Note 6 - Indebtedness - Unsecured Debt Outstanding (Details) - USD ($) $ in Thousands		Mar. 31, 2018	Dec. 31, 2017
Long-term Debt, Total		$ 1,065,595	$ 1,157,082
Unsecured Debt [Member]
Long-term Debt, Total	[1]	1,610,000	1,610,000
Unsecured Debt [Member] \| Revolving Credit Facility [Member]
Face amount	[2],[3]	200,000	155,000
Debt issuance cost, net	[2],[3]	(4,845)	(540)
Long-term Debt, Total	[2],[3]	195,155	154,460
Unsecured Debt [Member] \| Notes Payable, Exchange Notes [Member]
Face amount	[4]	250,000	250,000
Unsecured Debt [Member] \| Notes Payable, Notes Due 2024 [Member]
Face amount	[5]	750,000	750,000
Unsecured Debt [Member] \| Notes payable [Member]
Fair value adjustments, net		(10,742)	(11,086)
Debt issuance cost, net		(9,062)	(9,542)
Long-term Debt, Total		980,196	979,372
Unsecured Debt [Member] \| Term Loan [Member]
Face amount	[3],[6],[7]	350,000	0
Unsecured Debt [Member] \| December 2015 Term Loan [Member]
Face amount	[7],[8]	340,000	340,000
Unsecured Debt [Member] \| June 2015 Term Loan [Member]
Face amount	[7],[9]	0	270,000
Unsecured Debt [Member] \| Unsecured Term Loans [Member]
Debt issuance cost, net	[7]	(5,299)	(3,305)
Long-term Debt, Total	[7]	$ 684,701	$ 606,695

[1]	Excludes debt issuance costs and applicable debt discounts.
[2]	As of December 31, 2017, the Revolver provided borrowings on a revolving basis up to $900.0 million, bore interest at one-month LIBOR plus 1.25%, and was initially scheduled to mature on May 30, 2018. During the three months ended March 31, 2018, we amended the terms of the Revolver to provide borrowings on a revolving basis up to $650.0 million at one-month LIBOR plus 1.25%. Under the amended terms, the Revolver will mature on December 30, 2021, subject to two six-month extensions available at our option subject to compliance with terms of the Facility and payment of a customary extension fee. Upon the amended terms, the Company wrote off $0.3 million of debt issuance costs. At March 31, 2018, we had an aggregate available borrowing capacity of $449.8 million under the Revolver, net of $0.2 million reserved for outstanding letters of credit. At March 31, 2018, the applicable interest rate on the Revolver was one-month LIBOR plus 1.25% or 3.13%.
[3]	The unsecured revolving credit facility, or "Revolver" and unsecured term loan, or "Term Loan" are collectively known as the "Facility."
[4]	The Exchange Notes were issued at a 0.028% discount, bear interest at 3.850% per annum and mature on April 1, 2020.
[5]	The 5.950% Notes due 2024 were issued at a 1.533% discount, bear interest at 5.950% per annum, and mature on August 15, 2024. The interest rate could vary in the future based upon changes to the Company's credit ratings.
[6]	The Term Loan bears interest at one-month LIBOR plus 1.45% per annum and will mature on December 30, 2022. We have interest rate swap agreements totaling $270.0 million, which effectively fixed the interest rate on a portion of the Term Loan at 2.56% per annum through June 30, 2018. At March 31, 2018, the applicable interest rate on the unhedged portion of the Term Loan was one-month LIBOR plus 1.45% or 3.33%.
[7]	While we have interest rate swap agreements in place that fix the LIBOR portion of the rates as noted above, the spread over LIBOR could vary in the future based upon changes to the Company's credit ratings.
[8]	The December 2015 Term Loan bears interest at one-month LIBOR plus 1.80% per annum and will mature on January 10, 2023. We have interest rate swap agreements totaling $340.0 million which effectively fix the interest rate at 3.51% per annum through maturity.
[9]	The June 2015 Term Loan bore interest at one-month LIBOR plus 1.45% per annum. During the three months ended March 31, 2018, the Company repaid the June 2015 Term Loan and wrote off $0.5 million of debt issuance costs.

Note 6 - Indebtedness - Unsec41

Note 6 - Indebtedness - Unsecured Debt Outstanding (Details) (Parentheticals)	Mar. 31, 2018	Dec. 31, 2017
Unsecured Debt [Member] \| Notes Payable, Notes Due 2024 [Member]
Debt Instrument, Interest Rate, Stated Percentage	5.95%	5.95%

Note 6 - Indebtedness - Fair Va

Note 6 - Indebtedness - Fair Value of Debt (Details) - USD ($) $ in Thousands		Mar. 31, 2018	Dec. 31, 2017
Long-term Debt, Total		$ 1,065,595	$ 1,157,082
Secured Debt [Member]
Long-term Debt, Total	[1]	996,335	1,000,936
Fair value of financial instrument		$ 1,006,373	$ 1,024,890
Secured Debt [Member] \| Measurement Input, Discount Rate [Member]
Weighted average discount rates assumed in calculation of fair value for financial instruments		4.48%	4.19%
Unsecured Debt [Member]
Long-term Debt, Total	[1]	$ 1,610,000	$ 1,610,000
Fair value of financial instrument		$ 1,532,072	$ 1,616,810
Unsecured Debt [Member] \| Measurement Input, Discount Rate [Member]
Weighted average discount rates assumed in calculation of fair value for financial instruments		4.90%	4.27%

[1]	Excludes debt issuance costs and applicable debt discounts.

Note 7 - Derivative Financial43

Note 7 - Derivative Financial Instruments (Details Textual) $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months	$ 2,700
Deferred Costs and Other Assets [Member]
Interest Rate Derivative Assets, at Fair Value	$ 13,164	$ 7,413
Interest Rate Swap [Member]
Derivative, Number of Instruments Held, Total	8
Derivative, Notional Amount	$ 610,000
Interest Rate Swap [Member] \| Deferred Costs and Other Assets [Member]
Interest Rate Derivative Assets, at Fair Value	$ 13,164	$ 7,413

Note 7 - Derivative Financial44

Note 7 - Derivative Financial Instruments - Fair Value of Derivative Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Deferred Costs and Other Assets [Member]
Asset derivatives	$ 13,164	$ 7,413

Note 7 - Derivative Financial45

Note 7 - Derivative Financial Instruments - Effect of Derivative Financial Instruments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Amount of (Loss) or Gain Reclassified from AOCI into Income	$ (780)	$ 1,086
Interest expense, net	(34,344)	(32,488)
Interest Rate Derivative [Member] \| Interest Expense [Member]
Amount of Gain Recognized in OCI on Derivative	5,997	1,263
Amount of (Loss) or Gain Reclassified from AOCI into Income	$ (780)	$ 1,086

Note 7 - Derivative Financial46

Note 7 - Derivative Financial Instruments - Liabilities Measured on a Nonrecurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Derivative instruments, net	$ 13,164	$ 7,413
Fair Value, Inputs, Level 1 [Member]
Derivative instruments, net	0	0
Fair Value, Inputs, Level 2 [Member]
Derivative instruments, net	13,164	7,413
Fair Value, Inputs, Level 3 [Member]
Derivative instruments, net	$ 0	$ 0

Note 8 - Equity (Details Textua

Note 8 - Equity (Details Textual) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	May 28, 2014
Common Stock, Capital Shares Reserved for Future Issuance	34,758,387
Common Stock, Dividends, Per Share, Declared	$ 0.25	$ 0.25
General and Administrative Expense [Member]
Allocated Share-based Compensation Expense, Total	$ 1.7	$ 1.5
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	0	0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	0	1,566
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period, Total	23,296	34,452
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance	770,718
Washington Prime Group, L.P. 2014 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized			10,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Annually Available for Grant Per Participant			500,000
The 2017 Annual Long-term Incentive Awards [Member] \| Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Shares, Contingent Right	1
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		358,198
The 2017 Annual Long-term Incentive Awards [Member] \| Restricted Stock Units (RSUs) [Member] \| Share-based Compensation Award, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	33.33%
The 2017 Annual Long-term Incentive Awards [Member] \| Restricted Stock Units (RSUs) [Member] \| Share-based Compensation Award, Tranche Three [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	33.33%
The 2017 Annual Long-term Incentive Awards [Member] \| Restricted Stock Units (RSUs) [Member] \| Share-based Compensation Award, Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	33.33%
The 2017 Annual Long-term Incentive Awards [Member] \| Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		358,198
The 2017 Annual Long-term Incentive Awards [Member] \| Performance Shares [Member] \| Minimum [Member]
Percentage of Awards Earned Based on Achievement of TSR Goals	0.00%
The 2017 Annual Long-term Incentive Awards [Member] \| Performance Shares [Member] \| Maximum [Member]
Percentage of Awards Earned Based on Achievement of TSR Goals	150.00%
The 2016 Annual Long-term Incentive Awards [Member] \| Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		324,237
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Grant Date Fair Value, Grants During Period		$ 2.2
The 2016 Annual Long-term Incentive Awards [Member] \| Restricted Stock Units (RSUs) [Member] \| Share-based Compensation Award, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	33.33%
The 2016 Annual Long-term Incentive Awards [Member] \| Restricted Stock Units (RSUs) [Member] \| Share-based Compensation Award, Tranche Three [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	33.33%
The 2016 Annual Long-term Incentive Awards [Member] \| Restricted Stock Units (RSUs) [Member] \| Share-based Compensation Award, Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	33.33%

Note 8 - Equity - Summary of An

Note 8 - Equity - Summary of Annual Long-term Incentive Awards (Details) - $ / shares	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
The 2018 Annual Long-term Incentive Awards [Member]
Grant Date	Feb. 20, 2018
The 2018 Annual Long-term Incentive Awards [Member] \| Restricted Stock Units (RSUs) [Member]
Issued (in shares)	587,000
Grant date fair value per unit (in dollars per share)	$ 6.10
The 2018 Annual Long-term Incentive Awards [Member] \| Performance Shares [Member]
Issued (in shares)	587,000
Grant date fair value per unit (in dollars per share)	$ 4.88
The 2017 Annual Long-term Incentive Awards [Member]
Grant Date		Feb. 21, 2017
The 2017 Annual Long-term Incentive Awards [Member] \| Restricted Stock Units (RSUs) [Member]
Issued (in shares)		358,198
Grant date fair value per unit (in dollars per share)		$ 9.58
The 2017 Annual Long-term Incentive Awards [Member] \| Performance Shares [Member]
Issued (in shares)		358,198
Grant date fair value per unit (in dollars per share)		$ 7.72

Note 9 - Commitments and Cont49

Note 9 - Commitments and Contingencies (Details Textual)	3 Months Ended
Note 9 - Commitments and Contingencies (Details Textual)	Mar. 31, 2018
Sales Revenue, Net [Member] \| Customer Concentration Risk [Member]
Concentration Risk, Percentage	5.00%

Note 10 - Earnings Per Common50

Note 10 - Earnings Per Common Share/Unit - Basic and Diluted Earnings Per Share Per Unit (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Earnings Per Common Share, Basic:
Net income attributable to common shareholders - basic	$ 14,016	$ 9,302
Weighted average shares outstanding - basic (in shares)	187,309,744	186,278,173
Earnings per common share, basic (in dollars per share)	$ 0.07	$ 0.05
Earnings Per Common Share, Diluted:
Net income attributable to common shareholders - basic	$ 14,016	$ 9,302
Limited partners	2,601	1,754
Net income attributable to common shareholders - diluted	$ 16,617	$ 11,056
Weighted average shares outstanding - basic (in shares)	187,309,744	186,278,173
Weighted average operating partnership units outstanding (in shares)	34,680,058	34,986,704
Weighted average additional dilutive securities outstanding (in shares)	1,288,678	525,629
Weighted average common shares outstanding - diluted (in shares)	223,278,480	221,790,506
Earnings per common share, diluted (in dollars per share)	$ 0.07	$ 0.05
Earnings Per Common Unit, Basic and Diluted:
Net income attributable to common shareholders - diluted	$ 16,617	$ 11,056
Weighted average units outstanding - diluted (in shares)	223,278,480	221,790,506
Earnings per common unit, basic and diluted (in dollars per share)	$ 0.07	$ 0.05
Washington Prime [Member]
Earnings Per Common Share, Diluted:
Net income attributable to common shareholders - diluted	$ 16,617	$ 11,056
Weighted average common shares outstanding - diluted (in shares)	223,278,480	221,790,506
Earnings Per Common Unit, Basic and Diluted:
Net income attributable to common shareholders - diluted	$ 16,617	$ 11,056
Weighted average common units outstanding - basic (in shares)	221,989,802	221,264,877
Weighted average additional dilutive securities outstanding (in shares)	1,288,678	525,629
Weighted average units outstanding - diluted (in shares)	223,278,480	221,790,506
Earnings per common unit, basic and diluted (in dollars per share)	$ 0.07	$ 0.05

Note 11 - Subsequent Events (De

Note 11 - Subsequent Events (Details Textual) - Subsequent Event [Member] $ in Thousands	Apr. 11, 2018USD ($)	Apr. 24, 2018USD ($)
Sears Department Stores and Auto Centers [Member]
Purchase of Real Estate, Purchase Price	$ 28,500
Sale Leaseback Transaction, Number of Department Stores Acquired	4
Proceeds from Credit Facility to Fund Sale Leaseback Transaction	$ 13,400
Proceeds from Sale of Real Estate to Fund Sale Leaseback Transaction	9,700
Proceeds from Joint Venture to Fund Sale Leaseback Transaction	5,400
Sale Leaseback Transaction, Annual Rental Payments	1,250
Subsidiaries [Member] \| Towne West Square [Member]
Debt Instrument, Debt Default, Amount	$ 46,000
Southgate Mall, Missoula, Montana [Member]
Purchase of Real Estate, Purchase Price		$ 58,000