Glimcher Realty Trust (GRT) Misses Q3 EPS by 1c; Guides Below for FY
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Glimcher Realty Trust (NYSE: GRT) reports Q3 EPS of $0.40, 1 cent worse than the analyst estimate of $0.41. Revenue for the quarter was $74.6 million, which compares to the estimate of $74.20 million.
For the fourth quarter of 2009, the Company estimates FFO per share to be in the range of $0.28 to $0.35. (Consensus is $0.35)
The Company has revised guidance to reflect the additional shares issued in connection with its recent secondary offering. The Company expects diluted FFO per share to be in the range of $1.53 to $1.60 for the year ending December 31, 2009. (Consensus is $1.62)
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