Last $11.32 USD
Change Today +0.06 / 0.53%
Volume 794.5K
GRT On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

glimcher realty trust (GRT) Snapshot

Open
$11.24
Previous Close
$11.26
Day High
$11.36
Day Low
$11.16
52 Week High
06/6/14 - $11.39
52 Week Low
01/31/14 - $8.38
Market Cap
1.6B
Average Volume 10 Days
847.7K
EPS TTM
$-0.46
Shares Outstanding
145.4M
EX-Date
06/26/14
P/E TM
--
Dividend
$0.40
Dividend Yield
3.53%
Current Stock Chart for GLIMCHER REALTY TRUST (GRT)

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glimcher realty trust (GRT) Details

Glimcher Realty Trust is a publicly owned equity real estate investment trust. It invests in the real estate markets of the United States. The firm is engaged in ownership, development and management of properties. It makes investments in regional malls, open-air centers and fashion outlets to create its portfolio. Glimcher Realty Trust was founded on September 1, 1993 and is based in Columbus, Ohio.

675 Employees
Last Reported Date: 02/25/14
Founded in 1993

glimcher realty trust (GRT) Top Compensated Officers

Chairman, Chief Executive Officer, Trustee, C...
Total Annual Compensation: $840.2K
President, Chief Operating Officer and Member...
Total Annual Compensation: $565.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $431.0K
Executive Vice President and Director of Leas...
Total Annual Compensation: $391.3K
Executive Vice President, General Counsel, Se...
Total Annual Compensation: $376.6K
Compensation as of Fiscal Year 2013.

glimcher realty trust (GRT) Key Developments

Glimcher Realty Trust Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Operating Results for the Second Quarter Ended June 30, 2014; Reports Impairment Loss for the Second Quarter of 2014; Provides Earnings Guidance for the Third Quarter of 2014 and for the Year Ending December 31, 2014

Glimcher Realty Trust reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, total revenue was $97.930 million against $95.021 million a year ago. Operating income was $21.742 million against $22.556 million a year ago. Income from continuing operations was $1.960 million against $36.847 million a year ago. Loss from continuing operations per diluted common share was $0.03 against profit of $0.20 a year ago. Net loss to common shareholders was $5.604 million or $0.04 per diluted share against net income to common shareholders of $29.916 million or $0.21 per diluted share a year ago. Funds from operations were $26.731 million or $0.18 per diluted share against $33.357 million or $0.23 per diluted share a year ago. Adjusted FFO was $26.731 million or $0.18 per diluted share against $26.627 million or $0.18 per diluted share a year ago. For the six months, total revenue was $191.103 million against $181.136 million a year ago. Operating income was $39.533 million against $41.379 million a year ago. Loss from continuing operations was $0.439 million against profit of $37.888 million a year ago. Loss from continuing operations per diluted common share was $0.08 against profit of $0.11 a year ago. Net loss to common shareholders was $13.148 million or $0.09 per diluted share against net income to common shareholders of $16.005 million or $0.11 per diluted share a year ago. Funds from operations were $49.836 million or $0.34 per diluted share against $47.686 million or $0.32 per diluted share a year ago. Adjusted FFO was $49.836 million or $0.34 per diluted share against $50.222 million or $0.34 per diluted share a year ago. For the quarter, the company reported total core mall portfolio was 95.3% against 94.7% a year ago. Total occupancy for comparable properties was 95.7% against 94.7% a year ago. Total mall anchors for core malls were $7.75 against $7.78 a year ago. Total in-line stores under 10,000 sf for core malls were $34.80 against $34.77 a year ago. Total mall anchors for comparable retail properties were $7.72 against $7.78 a year ago. Total in-line stores under 10,000 sf for core malls were $35.11 against $34.77 a year ago. For the second quarter of 2014, the company reported impairment loss of $2.513 million. For the third quarter of 2014, the company estimates net income per share to be in the range of $0.07 to $0.09 and adjusted FFO per share to be in the range of $0.17 to $0.19. For the year ending December 31, 2014, the company maintains previously issued guidance of net income per share to be in the range of $0.03 to $0.07, and adjusted FFO per share to be in the range of $0.74 to $0.78. References to estimated per share amounts are based on diluted common shares.

Glimcher Realty Trust Puts 13 Properties Up For Sale

Glimcher Realty Trust (NYSE:GRT) has put 13 properties including Dayton Mall and Mall at Fairfield Commons up for sale. Karen Bailey, spokesperson of Glimcher Realty Trust, said, “Our goal through this process is to sell only three or four of the 13 properties listed and raise approximately $200 million to $300 million. The money raised will be used to reinvest into the business through redevelopment and further enhancements to our balance sheet.”

Glimcher Realty Trust to Report Q2, 2014 Results on Jul 17, 2014

Glimcher Realty Trust announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Jul 17, 2014

 

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