GLIMCHER REALTY TRUST
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Financials
SEC XBRL · annual| FY13 | FY12 | FY11 | FY10 | FY09 | |
|---|---|---|---|---|---|
| Revenue | $87.8M | $69.8M | $64.1M | $74.0M | $301.5M |
| Operating income | $19.4M | $14.7M | $17.4M | $20.0M | $85.4M |
| Net income | $1.5M | −$5.2M | $160,000 | $712,000 | $4.6M |
| Total assets | $2.66B | $2.33B | $1.86B | $1.79B | — |
| Total liabilities | $2.00B | $1.62B | $1.32B | $1.46B | — |
| Equity | $638.0M | $699.6M | $532.4M | $324.6M | $207.4M |
| EPS (diluted) | $-0.10 | $-0.10 | $-0.06 | $-0.05 | $-0.28 |
| Shares out. | 143.2M | 116.2M | 116.0M | 85.1M | 49.5M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2013- Operating margin
- 22.1%
- Net margin
- 1.7%
- Return on equity
- 0.2%
- Return on assets
- 0.1%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 75.4%
- Debt / equity
- 3.14×
- Book value / share
- $4.46
- Revenue growth (YoY)
- 25.7%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2013- Accruals / assets
- −4.4%clean
- Piotroski F-Score
- 6/8mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 1 severe● 1 warning● 4 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- High leverage (liabilities > 70% of assets)
- Operating margin is positive
- Revenue is growing year-over-year
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗Aug 9, 2004
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Brown Yvette McgeeDirector | Jan 15, 2015 | D | 4,869 | — |
| Aronowitz David MDirector | Jan 15, 2015 | D | 46,802 | — |
| O'Brien Timothy J | Jan 15, 2015 | D | 28,518 | — |
| Gross HowardDirector | Jan 15, 2015 | D | 28,518 | — |
| Overly Niles CDirector | Jan 15, 2015 | D | 129,627 | — |
| Williams William SDirector | Jan 15, 2015 | D | 30,027 | — |
| Glimcher HerbertDirector | Jan 15, 2015 | D | 82,580 | — |
| Pildes VictorOfficer — SVP, Development | Jan 15, 2015 | D | 19,630 | — |
| Mastropietro ArmandOfficer — SVP, Property Management | Jan 15, 2015 | D | 51,790 | — |
| Indest Melissa A.Officer — CAO and SVP, Finance | Jan 15, 2015 | D | 41,831 | — |
| Drought Thomas J JrOfficer — EVP, Director of Leasing | Jan 15, 2015 | D | 178,856 | — |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Material events
SEC Form 8-K · most recent- Entered a material agreement · Terminated a material agreement · Completed an acquisition or disposition · New financial obligation · Delisting / listing-standard notice · Modified shareholder rights · Change in control · Director / officer changeJan 15, 2015
- Shareholder vote · Other material eventJan 12, 2015
- Other material eventDec 23, 2014
- Director / officer changeDec 23, 2014
- Regulation FD disclosureNov 4, 2014
- Results of operationsNov 3, 2014
- Director / officer change · Other material eventOct 27, 2014
- Entered a material agreementOct 27, 2014
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- SC 13GHEITMAN REAL ESTATE SECURITIES LLC SC 13G 3-31-2015 (GLIMCHER REALTY TRUST)Apr 15, 2015
- SC 13G/AFeb 17, 2015
- SC 13G/AFeb 10, 2015
- SC 13G/AFeb 6, 2015
- SC 13G/AHEITMAN REAL ESTATE SECURITIES LLC SC 13GA 12-31-2014 (GLIMCHER REALTY TRUST)Feb 6, 2015
- SC 13G/AMSCS AMENDMENTFeb 5, 2015
- 15-12BJan 23, 2015
- SC 13G/AJan 23, 2015
- 4Jan 20, 2015
- 4Jan 20, 2015
- 4Jan 20, 2015
- 4Jan 20, 2015
- 4Jan 20, 2015
- 4Jan 20, 2015
- 4Jan 20, 2015
Event-driven situations (1)
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