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Glimcher Realty Trust Message Board

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  • martinitony martinitony Apr 29, 2009 8:02 PM Flag

    Who said that GRT refinanced it debt in 2008?

    To get NOI : from the 12/31/08 income statement take the net of $16mil,add the interest expense of $82 mil. To that add from cash flow statement the depreciation of $84 mil. That gives you about $182 million in net operating income. This is the NOI I refer to which is essentially a return on assets. This is the cash available to pay off debt and give cash to stockholders. Trust me. I know something about this.