Glimcher Realty Trust (GRT) reported that its fourth-quarter funds from operations or FFO was $28.5 million, compared to $22.0 million in the year-ago period. FFO per share for the quarter was $0.20, same as last year.
Net loss to common shareholders was $24.3 million, or $0.17 per share, compared to net income to common shareholders of $28.0 million, or $0.26 per share, in the third quarter of 2011.
Total revenues for the current fourth quarter were $91.81 million, up from $71.90 million in the fourth quarter of 2011.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.20 per share on revenues of $89.33 million for the quarter. Analysts' estimates typically exclude special items.
For the first quarter of 2012, the company estimates results to be in the range of loss $0.01 per share to profit of $0.01 per share, and FFO per share to be in the range of $0.15 to $0.17. Analysts expect the company to report earnings of $0.17 per share for the quarter.
For fiscal 2013, the company expects results to be in the range of loss $0.02 per share to profit $0.02 per share, and FFO per share to be in the range of $0.69 to $0.73 for the year ending December 31, 2013. Analysts expect the company to report earnings of $0.74 per share for fiscal 2013.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.