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Glimcher, Ramco-Gersenson Report Results

Just the facts for now. All comparisons are with the third quarter of 2007.

Glimcher Realty Trust

* FFO per diluted share: $0.46, down $0.04

* Revenues: $81.4 million; Up 10.8%

* Earnings per diluted share: -$0.09; down from $1.23 gain

* Net loss to shareholders: $3.4 million; down from $46.4 million gain

* NOI: down 1%

* Average rents: $18.03 per sq ft.; Up 1%

* Re-leasing spreads: Up 19%

* Occupancy: 92.6%; down 90 basis points

* Sales per sq. ft: $363; down $4

* Debt-to-total-market capitalization ratio: 72.7 percent; up from 67.1 (12/07)

* Diluted net income per share projection for 2008: $2.02 to $2.10

Ramco-Gershenson Properties Trust

* FFO per diluted share: $0.63, down $0.03

* Revenues: $81.4 million; Up 10.8%

* Net income per diluted share: $0.63; up $0.48

* Net income: $11.6 million; up $8.3 million gain

* New store rents: $18.03 per sq ft.; 67% above portfolio average rents

* Renewal rents: $9.73 per sq ft; Up 7.3%

* Occupancy: 95.3%; down 90 basis points

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