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Glimcher Realty Trust (FRA:GRY) Net Interest Margin (Bank Only) % : -372.12% (As of Sep. 2014)


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What is Glimcher Realty Trust Net Interest Margin (Bank Only) %?

Net Interest Margin (Bank Only) % is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

GuruFocus calculates Net Interest Margin (Bank Only) % as Net Interest Income (for Banks) divided by its average earning assets. Glimcher Realty Trust's annualized Net Interest Income (for Banks) for the quarter that ended in Sep. 2014 was €-63.4 Mil. Glimcher Realty Trust's average earning assets for the quarter that ended in Sep. 2014 was €17.0 Mil. Therefore, Glimcher Realty Trust's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Sep. 2014 was -372.12%.


Glimcher Realty Trust Net Interest Margin (Bank Only) % Historical Data

The historical data trend for Glimcher Realty Trust's Net Interest Margin (Bank Only) % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Glimcher Realty Trust Net Interest Margin (Bank Only) % Chart

Glimcher Realty Trust Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Net Interest Margin (Bank Only) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -550.56 -522.56 -384.00 -345.46 -283.32

Glimcher Realty Trust Quarterly Data
Sep09 Dec09 Mar10 Jun10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14
Net Interest Margin (Bank Only) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -224.47 -283.31 -278.84 -344.04 -372.12

Competitive Comparison of Glimcher Realty Trust's Net Interest Margin (Bank Only) %

For the REIT - Retail subindustry, Glimcher Realty Trust's Net Interest Margin (Bank Only) %, along with its competitors' market caps and Net Interest Margin (Bank Only) % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Glimcher Realty Trust's Net Interest Margin (Bank Only) % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Glimcher Realty Trust's Net Interest Margin (Bank Only) % distribution charts can be found below:

* The bar in red indicates where Glimcher Realty Trust's Net Interest Margin (Bank Only) % falls into.



Glimcher Realty Trust Net Interest Margin (Bank Only) % Calculation

Net Interest Margin (Bank Only) % (NIM) is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

Glimcher Realty Trust's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Dec. 2013 is calculated as

Net Interest Margin (Bank Only) %(A: Dec. 2013 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (A: Dec. 2012 ) + Earning Assets (A: Dec. 2013 ))/ count )
=-58.617/( (16.796 + 24.582)/ 2 )
=-58.617/20.689
=-283.32 %

where

Earning Assets(A: Dec. 2012 )
=Money Market Investments + Net Loan + Securities & Investments
=16.796 + 0 + 0
=16.796

Earning Assets(A: Dec. 2013 )
=Money Market Investments + Net Loan + Securities & Investments
=24.582 + 0 + 0
=24.582

Glimcher Realty Trust's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Sep. 2014 is calculated as

Net Interest Margin (Bank Only) %(Q: Sep. 2014 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (Q: Jun. 2014 ) + Earning Assets (Q: Sep. 2014 ))/ count )
=-63.352/( (17.33 + 16.719)/ 2 )
=-63.352/17.0245
=-372.12 %

where

Earning Assets(Q: Jun. 2014 )
=Money Market Investments + Net Loan + Securities & Investments
=17.33 + 0 + 0
=17.33

Earning Assets(Q: Sep. 2014 )
=Money Market Investments + Net Loan + Securities & Investments
=16.719 + 0 + 0
=16.719

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: Interest Expense is the negative value.

In the calculation of annual Net Interest Margin (Bank Only) %, the Net Interest Income (for Banks) of the last fiscal year and the average earning assets over the fiscal year are used. In calculating the quarterly data, the Net Interest Income (for Banks) data used here is four times the quarterly (Sep. 2014) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.


Glimcher Realty Trust  (FRA:GRY) Net Interest Margin (Bank Only) % Explanation

The negative value of Net Interest Margin (Bank Only) % mean the firm pays more interest for its debt than the interest revenue generated from its investment.


Glimcher Realty Trust Net Interest Margin (Bank Only) % Related Terms

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Glimcher Realty Trust (FRA:GRY) Business Description

Industry
Traded in Other Exchanges
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Address
Glimcher Realty Trust is a self-administered and self-managed Maryland real estate investment trust which was formed on September 1, 1993. The Company and its affiliates are engaged in 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, 2013, the Company owned material interests in and managed 28 properties - 25 wholly-owned and 3 partially owned through joint ventures which are located in 15 states. The Properties contain an aggregate of approximately 19.3 million square feet of gross leasable area of which approximately 95.6% was occupied at December 31, 2013. The Malls provide a range of shopping alternatives to serve the needs of customers in all market segments. The Company's Malls are in various formats such as enclosed regional malls, open-air retail centers, and outlet centers. Malls are generally 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, Saks, Sears, and Von Maur. Mall stores, most of which are national retailers, include Abercrombie & Fitch, American Eagle Outfitters, Apple, Bath & Body Works, Express, Finish Line, Foot Locker, Forever 21, H&M, Hallmark, Kay Jewelers, The Limited, lululemon athletica, Pacific Sunwear, and Victoria's Secret. The Malls also have additional restaurants and retail businesses, such as Benihana, Cheesecake Factory, P.F. Chang's, and Red Lobster, located along the perimeter of the parking areas. 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. There are numerous shopping facilities that compete with the Company's Properties in attracting retailers to lease space.

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