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| GRT > SEC Filings for GRT > Form 8-K on 23-Apr-2009 | All Recent SEC Filings |
23-Apr-2009
Results of Operations and Financial Condition, Financial Statements and Exh
On April 22, 2009, Glimcher Realty Trust (the "Company") issued a press release
regarding its results of operations for the fiscal first quarter ended March 31,
2009. A copy of the press release is furnished with this report as Exhibit
99.1. A copy of the Company's supplemental information for the three months
ended March 31, 2009, which is referenced in the press release and available on
the Company's website, is furnished with this report as Exhibit 99.2.
The information in this Form 8-K and the Exhibits attached hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as shall be expressly set forth by specific reference in such filing.
The press release and supplemental information incorporates certain non-GAAP financial measures. The Company believes that the presentation of such measures provides useful information to investors regarding the Company's results of operations. Specifically, the Company believes that Funds From Operations ("FFO") is a supplemental measure of the Company's operating performance as it is a recognized metric used extensively by the real estate industry, in particular, Real Estate Investment Trusts. The National Association of Real Estate Investment Trusts ("NAREIT") defines FFO as net income (loss) available to common shareholders (computed in accordance with Generally Accepted Accounting Principles ("GAAP")), excluding gains or losses from sales of depreciable property, plus real estate related depreciation and amortization and after adjustments for unconsolidated partnerships and joint ventures. FFO does include impairment losses for properties held for use and held for sale. The Company's FFO may not be directly comparable to similarly titled measures reported by other real estate investment trusts. FFO does not represent cash flow from operating activities in accordance with GAAP and should not be considered as an alternative to net income (determined in accordance with GAAP), as an indication of the Company's financial performance or to cash flow from operating activities (determined in accordance with GAAP), as a measure of the Company's liquidity, nor is it indicative of funds available to fund the Company's cash needs, including its ability to make cash distributions. A description and reconciliation of non-GAAP financial metrics is contained in the attached press release and financial tables.
(a) Financial statements of businesses acquired.
Not applicable.
(b) Pro forma financial information.
Not applicable.
(c) Shell company transactions.
Not applicable.
(d) Exhibits
99.1 Press Release of Glimcher Realty Trust, dated April 22, 2009.
99.2 Supplemental Information for the three months ended March 31, 2009.
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