WP Glimcher (WPG) Reports Q1 FFO of $0.36

WP Glimcher (NYSE: WPG) reported Q1 FFO of $0.36, versus $0.44 reported last year. Revenue for the quarter came in at $237.8 million versus the consensus estimate of $235 million.

WP Glimcher sees FY2015 AFFO of $1.77-$1.85.

The Company issued a statement from Mark Ordan, Chairman and Michael P. Glimcher, CEO: "Our management team is fully integrated across all disciplines. Our first quarter results demonstrate that even in a turbulent retail market, we can grow net operating income and drive cash flow. Our unified team, solid results and upcoming full retirement of our bridge loan, together position us well for the future."

For earnings history and earnings-related data on WP Glimcher (WPG) click here.

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