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12.5 (1y: +39%)
Market Cap 1.85 B P/E(ttm)
Enterprise Value 3.8 B P/B 2.60
GRT- NYSE (USA)
Glimcher Realty Trust
  • Currently 1/5
Business Predictability Rank: 1-Star
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$12.50
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GuruFocus Financial Strength Rank measures how strong a companyย’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry		 vs
history
Cash to Debt 0.012
GRT's Cash to Debt is ranked lower than
78% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.06 vs. GRT: 0.012 )
GRT' s 10-Year Cash to Debt Range
Min: 0.01   Max: 0.05
Current: 0.01
0.01
0.05
Equity to Asset 0.3
GRT's Equity to Asset is ranked lower than
72% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.45 vs. GRT: 0.3 )
GRT' s 10-Year Equity to Asset Range
Min: 0.07   Max: 0.3
Current: 0.3
0.07
0.3
F-Score: 5
Z-Score: 0.16
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyย’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
ย•ย•3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rankย•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 4/10

vs
industry		 vs
history
Operating margin (%) -7.30
GRT's Operating margin (%) is ranked lower than
401606% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 29.40 vs. GRT: -7.30 )
GRT' s 10-Year Operating margin (%) Range
Min: -28.9   Max: 27.6
Current: -7.3
-28.9
27.6
Net-margin (%) -0.8
GRT's Net-margin (%) is ranked lower than
401606% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 16.30 vs. GRT: -0.8 )
GRT' s 10-Year Net-margin (%) Range
Min: -34.1   Max: 25.8
Current: -0.8
-34.1
25.8
ROE (%) -0.3
GRT's ROE (%) is ranked lower than
401606% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 4.40 vs. GRT: -0.3 )
GRT' s 10-Year ROE (%) Range
Min: -34.3   Max: 20.3
Current: -0.3
-34.3
20.3
ROA (%) -0.1
GRT's ROA (%) is ranked lower than
401606% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 2.00 vs. GRT: -0.1 )
GRT' s 10-Year ROA (%) Range
Min: -4.1   Max: 2.7
Current: -0.1
-4.1
2.7
ROC (Joel Greenblatt) (%) -0.90
GRT's ROC (Joel Greenblatt) (%) is ranked lower than
401606% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 4.00 vs. GRT: -0.90 )
GRT' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -3.7   Max: 3.2
Current: -0.9
-3.7
3.2
Revenue Growth (%) -20.6
GRT's Revenue Growth (%) is ranked lower than
401606% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: -4.95 vs. GRT: -20.6 )
GRT' s 10-Year Revenue Growth (%) Range
Min: -24.8   Max: 8.4
Current: -20.6
-24.8
8.4
EBITDA Growth (%) -24.3
GRT's EBITDA Growth (%) is ranked lower than
401606% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: -4.20 vs. GRT: -24.3 )
GRT' s 10-Year EBITDA Growth (%) Range
Min: -49   Max: 7.5
Current: -24.3
-49
7.5
EPS Growth (%) -4.8
GRT's EPS Growth (%) is ranked higher than
91% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: -3.90 vs. GRT: -4.8 )
GRT' s 10-Year EPS Growth (%) Range
Min: -42.6   Max: 25.7
Current: -4.8
-42.6
25.7
ยป GRT's 10-Y Financials

Financials


Revenue & Net Income
Equity & Asset
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

GRT Guru Trades in Q2 2012

Steven Cohen Sold Out
Jim Simons 384,100 sh (-48.46%)
» More
Q3 2012

GRT Guru Trades in Q3 2012

Jim Simons 285,500 sh (-25.67%)
» More
Q4 2012

GRT Guru Trades in Q4 2012

Donald Smith 4,205,491 sh (New)
Jim Simons 83,700 sh (-70.68%)
» More
Q1 2013

GRT Guru Trades in Q1 2013

Jim Simons 392,800 sh (+369.3%)
Donald Smith Sold Out
» More
» Details

Insider Trades

Latest Guru Trades with GRT

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Donald Smith 2013-03-31 Sold Out 4.5%$10.76 - $11.65 $ 12.511%0
Donald Smith 2012-12-31 New Buy4.5%$10.45 - $11.13 $ 12.516%4205491
George Soros 2010-06-30 Sold Out $5.12 - $7.19 $ 12.590%0
George Soros 2010-03-31 New Buy$2.64 - $5.43 $ 12.5214%29700
Premium More recent guru trades are included for Premium Members only!!

Ratios

vs
industry		 vs
history
P/B 2.60
GRT's P/B is ranked lower than
79% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.30 vs. GRT: 2.60 )
GRT' s 10-Year P/B Range
Min: 0.22   Max: 5.82
Current: 2.6
0.22
5.82
P/S 6.60
GRT's P/S is ranked higher than
51% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 6.20 vs. GRT: 6.60 )
GRT' s 10-Year P/S Range
Min: 0.18   Max: 6.87
Current: 6.6
0.18
6.87
EV-to-EBIT 43.5
GRT's EV-to-EBIT is ranked lower than
64% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 28.60 vs. GRT: 43.5 )
GRT' s 10-Year EV-to-EBIT Range
Min: 35.5   Max: 4698.8
Current: 43.5
35.5
4698.8
Shiller P/E 832.3
GRT's Shiller P/E is ranked higher than
100% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 10.60 vs. GRT: 832.3 )
GRT' s 10-Year Shiller P/E Range
Min: 24.88   Max: 1825
Current: 832.3
24.88
1825

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 3.20
GRT's Dividend Yield is ranked lower than
61% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 4.40 vs. GRT: 3.20 )
GRT' s 10-Year Dividend Yield Range
Min: 3.05   Max: 132.2
Current: 3.2
3.05
132.2
Yield on cost (5-Year) 1.00
GRT's Yield on cost (5-Year) is ranked lower than
84% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 4.00 vs. GRT: 1.00 )
GRT' s 10-Year Yield on cost (5-Year) Range
Min: 0.95   Max: 41.2
Current: 1
0.95
41.2
Share Buyback Rate -29.2
GRT's Share Buyback Rate is ranked lower than
69% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: -7.50 vs. GRT: -29.2 )
GRT' s 10-Year Share Buyback Rate Range
Min: 1.1   Max: -39.3
Current: -29.2

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 138.9
GRT's Price/Net Current Asset Value is ranked higher than
91% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 56.20 vs. GRT: 138.9 )
GRT' s 10-Year Price/Net Current Asset Value Range
Min: 26.1   Max: 923.7
Current: 138.9
26.1
923.7
Price/Tangible Book 2.6
GRT's Price/Tangible Book is ranked higher than
78% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.30 vs. GRT: 2.6 )
GRT' s 10-Year Price/Tangible Book Range
Min: 0.5   Max: 4.7
Current: 2.6
0.5
4.7
Price/DCF (Projected) 208.3
GRT's Price/DCF (Projected) is ranked higher than
95% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 2.20 vs. GRT: 208.3 )
GRT' s 10-Year Price/DCF (Projected) Range
Min: 0.2   Max: 11.3
Current: 208.3
0.2
11.3
Price/Median PS Value 1.9
GRT's Price/Median PS Value is ranked higher than
90% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.10 vs. GRT: 1.9 )
GRT' s 10-Year Price/Median PS Value Range
Min: 0.1   Max: 1.7
Current: 1.9
0.1
1.7
Forward Rate of Return (Yacktman) -30.82
GRT's Forward Rate of Return (Yacktman) is ranked lower than
51% of the 249 Companies
in the Global REIT - Retail industry.

( Industry Median: -7.64 vs. GRT: -30.82 )
GRT' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -24.6   Max: 233.9
Current: -30.82
-24.6
233.9

Business Description

Glimcher Realty Trust is a fully-integrated, self-administered and self-managed Maryland real estate investment trust which was formed on September 1, 1993 to continue the business of The Glimcher Company and its affiliates, of owning, leasing, acquiring, developing and operating a portfolio of retail properties consisting of regional and super regional malls and community shopping centers. At December 31, 2011, the Properties consisted of 24 Malls (19 wholly-owned and five partially owned through joint ventures) containing an aggregate of 21.2 million square feet of gross leasable area ("GLA") and three Community Centers (two wholly-owned and one partially owned through a joint venture) containing an aggregate of 336,000 square feet of GLA. The Company acquires and develops its Properties as long-term investments. The Company's Malls provide a broad range of shopping alternatives to serve the needs of customers in all market segments. Each Mall is anchored by multiple department stores such as Belk's, The Bon-Ton, Boscov's, Dick's Sporting Goods, Dillard's, Elder-Beerman, Herberger's, JCPenney, Kohl's, Macy's, Nordstrom, Saks, Sears, and Von Maur. Mall stores, most of which are national retailers, include Abercrombie & Fitch, American Eagle Outfitters, Apple, Banana Republic, Barnes & Noble, Bath & Body Works, Finish Line, Foot Locker, Forever 21, Gap, H&M, Hallmark, Kay Jewelers, The Limited, Express, Old Navy, Pacific Sunwear and Victoria's Secret. The Company's Community Centers are designed to attract local and regional area customers and are typically anchored by a combination of discount department stores or supermarkets which attract shoppers to each center's smaller shops. The tenants at the Company's Community Centers typically offer day-to-day necessities and value-oriented merchandise. Many of the Community Centers have retail businesses or restaurants located along the perimeter of the parking areas.
Company Website
SEC Reports
Industry: REIT - Retail
Compare:GGP, AKR, CLP, RIOCF, BTLCY
ยป More Articles for GRT

Headlines

Articles On GuruFocus.com
Urstadt Biddle Properties (UBA) Dividend Stock Analysis Nov 30 2012 
St. Joe to Partner on 400k Sq Ft Shopping Center Dec 06 2011 
Glimcher Realty Trust Reports Operating Results (10-Q) Oct 29 2010 
Glimcher Realty Trust Reports Operating Results (10-Q) Jul 23 2010 
Glimcher Realty Trust Reports Operating Results (10-Q) May 06 2010 
Glimcher Realty Trust Reports Operating Results (10-Q) Oct 30 2009 
Glimcher Realty Trust Reports Operating Results (10-Q) Jul 24 2009 
Glimcher Realty Trust Reports Operating Results (10-Q) Apr 24 2009 
Glimcher Realty Trust (GRT) CEO Michael P Glimcher buys 10,000 Shares Mar 20 2009 

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