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.
For comments and feedback: editorial@rttnews.com