Glimcher Realty Trust (GRT) Wednesday reported first-quarter funds from operations, or FFO, of $14.3 million or $0.10 per share, down from $14.5 million or $0.12 per share in the prior-year quarter.
Adjusted FFO for the quarter was $23.6 million or $0.16 per share. On average, nine analysts polled by Thomson Reuters expected the company to report FFO of $0.15 per share for the quarter. Analysts' estimates typically exclude special items. Net loss for the quarter widened to $13.9 million from $11.4 million last year. On a per share basis, loss was $0.10 per share, flat with last year.
Revenues totaled $91.0 million, up from $69.8 million last year. Analysts expected revenues of $79.82 million.
Looking ahead to the second quarter, the company has forecast FFO in the range of $0.15 to $0.17 per share. Analysts expect FFO of $0.16 per share. The company expected to report earnings in the range of negative $0.01 to $0.01 per share.
For the fiscal year 2013, the company anticipates FFO in the range of $0.63 to $0.67 per share. Analysts expect full-year FFO of $0.69 per share.
The company also expects to report a full-year loss in the range of $0.11 to $0.07 per share.
For comments and feedback contact: editorial@rttnews.com
Business News
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.