Glimcher Realty Trust (NYSE: GRT) is a Columbus, Ohio based real estate investment trust. The company specializes in the development and management of regional malls and shopping centers. As of 2009, the company's properties consisted of 23 malls (with a total leasable area of 20.74 million square feet), and three community centers (with a total leasable area of 760 thousand square feet). On 2008-10-23, Glimcher Realty Trust posted a third quarter loss of US$3.44 million. On the same day, Standard & Poor's lowered Glimcher's credit rating, in response to a declining outlook for the trust's portfolio.