Just the facts for now. All comparisons are with the third quarter of 2007.
Glimcher Realty Trust
* FFO per diluted share: $0.46, down $0.04
* Revenues: $81.4 million; Up 10.8%
* Earnings per diluted share: -$0.09; down from $1.23 gain
* Net loss to shareholders: $3.4 million; down from $46.4 million gain
* NOI: down 1%
* Average rents: $18.03 per sq ft.; Up 1%
* Re-leasing spreads: Up 19%
* Occupancy: 92.6%; down 90 basis points
* Sales per sq. ft: $363; down $4
* Debt-to-total-market capitalization ratio: 72.7 percent; up from 67.1 (12/07)
* Diluted net income per share projection for 2008: $2.02 to $2.10
Ramco-Gershenson Properties Trust
* FFO per diluted share: $0.63, down $0.03
* Revenues: $81.4 million; Up 10.8%
* Net income per diluted share: $0.63; up $0.48
* Net income: $11.6 million; up $8.3 million gain
* New store rents: $18.03 per sq ft.; 67% above portfolio average rents
* Renewal rents: $9.73 per sq ft; Up 7.3%
* Occupancy: 95.3%; down 90 basis points