| | Business Summary | | Glimcher
Realty
Trust
(GRT)
is
a
fully-integrated,
self-administered
and
self-managed
Real
Estate
Investment
Trust
that
was
formed
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
(including,
most
recently,
value-oriented
super-regional
malls)
and
community
shopping
centers
(including
single
tenant
retail
properties).
GRT
owns
an
86.2%
interest
in
Glimcher
Properties
Limited
Partnership
(the
Operating
Partnership),
a
limited
partnership
of
which
Glimcher
Properties
Corporation,
a
wholly
owned
subsidiary
of
GRT,
is
sole
general
partner.
At
December
31,
2000,
GRT
held
an
88.6%
interest
in
the
Operating
Partnership. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Glimcher
Realty
Trust
is
a
REIT
that
owns,
develops,
manages,
and
acquires
retail
properties,
primarily
managing
community
shopping
centers,
mall,
and
single
tenant
retail
properties.
For
the
six
months
ended
6/01,
revenues
rose
13%
to
$136.1
million.
Net
income
applicable
to
Com.
before
extraordinary
item
and
before
acct.
change
totalled
$26.4
million,
up
from
$8.1
million.
Results
reflect
stronger
occupancy
and
average
rents
in
the
regional
mall
portfolio,
and
a
discount
on
the
redemption
of
stock. | | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Herbert Glimcher, 71
Chairman
of Trustees, CEO | $696K | Michael Glimcher, 31
Pres,
Trustee | 302K | William Cornely, 50
Exec.
VP, CFO, Chief Operating Officer, Treasurer, Trustee | 335K | Philip Barach, 70
Trustee | -- | Wayne Doran, 64
Trustee | -- | | Dollar
amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/g/grt.gif)