Glimcher Realty Trust announced that the company's Board of Trustees has declared a quarterly cash dividend on its common shares and operating partnership units of $0.10 per common share/unit. This cash dividend is payable on July 15, 2013 to shareholders and unitholders of record on June 28, 2013. The company also declared quarterly cash dividends of $0.5078 per Series G preferred share of beneficial interest, $0.4688 per Series H preferred share of beneficial interest, and $0.515625 per Series I preferred share of beneficial interest. Each of the cash dividends is payable on July 15, 2013 to shareholders of record on June 28, 2013.

Glimcher Realty Trust and Crescent Communities announced plans to add a 275-unit, luxury apartment community to Scottsdale Quarter in Scottsdale, Arizona. Located on the Northeast corner of the property along Greenway-Hayden Road, the community will include upscale amenities and modern décor. Development will begin in late 2013. Residential amenities will include an elevated resort-style pool and a two-story fitness center with views of McDowell Mountains, in addition to providing its occupants front-door access to exclusive retail, premier restaurants and great entertainment, including iPicTheaters, Eddie V's, Dominick's and True Food. Under a joint venture agreement, Crescent will develop and manage the residential community with Glimcher maintaining a minority ownership interest.

Glimcher Realty Trust reported un-audited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net loss to common shareholders of $13.9 million, or $0.10 per common diluted share, as compared to $11.4 million, or $0.10 per common diluted share, in the first quarter of 2012. Funds from operations (‘FFO’) were $14.3 million, or $0.10 per share, compared to $14.5 million, or $0.12 per share, in the first quarter of 2012. Adjusted FFO for the first quarter of 2013 was $23.6 million, or $0.16 per share compared to adjusted FFO of $17.8 million, or $0.15 per share for the first quarter of 2012. Adjusted FFO was $23.6 million or $0.16 per share compared to $17.8 million or $0.15 per share, operating income was $19.7 million compared to $14.7 million, income from continuing operations was $1.3 million or $0.10 per diluted common share compared to loss from continuing operations $5.5 million or $0.10 per diluted common share and total revenues were $91.0 million compared to $69.8 million in last year. The increase in net loss was primarily due to the company's $9.3 million Preferred Share Redemption Charge in the first quarter of 2013. The $21.2 million increase in total revenues resulted primarily from $16.6 million in revenue growth from properties acquired after March 2012. The company expects diluted net loss per share to be in the range of $0.11 to $0.07 for the year ending December 31, 2013, and expects diluted FFO per share to be in the range of $0.63 to $0.67 for the year ending December 31, 2013. The company’s initial guidance has been updated solely to reflect the $0.06 preferred share redemption charge recorded in the first quarter of 2013. For the second quarter of 2013, the company estimates diluted net (loss) income per share to be in the range of $(0.01) to $0.01 and FFO per share to be in the range of $0.15 to $0.17. Key assumptions driving the guidance include net fee income of approximately $750,000, lease termination income of over a million dollars, and core mall NOI growth of approximately 4%.