Due to the slower-than-expected sale and other factors, Glimcherofficials are now forecasting an earnings-per-share loss between$2.55 and $2.57, as well as an FFO-per-share dip from 63 cents to65 cents.

"We remain committed to our strategy of upgrading the quality ofour real estate portfolio and will continue to show patience as welook to dispose of our lower quality assets at appropriate pricinglevels," says Michael Glimcher, president and chief executiveofficer, in a statement. A recent $170-million expansion of thefirm's credit line will buy the company time, he says.

At its University Mall, in Tampa, FL; there are severalinterested buyers, while at Almeda Mall, in Houston, a prospectivesuitor is conducting due diligence on the asset, according to acompany statement. The firm expects to retain between $250 millionand $260 million from the sale of the two. Montgomery (AL) Mall isalso said to have multiple bidders.