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     <TD COLSPAN="2" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">As filed with the Securities and Exchange Commission on March 24, 2005</FONT></TD></TR>
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     <TD WIDTH="50%" ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Registration No. 333-__________</FONT></TD></TR>
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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="4"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR><FONT SIZE="2">Washington, D.C. 20549</FONT></B></FONT></FONT> </P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="5"><B>FORM S-8 </B></FONT></P>


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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>REGISTRATION
STATEMENT<BR>UNDER<BR>THE SECURITIES ACT OF 1933 </B></FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="4"><B>GLIMCHER REALTY
TRUST</B><BR><FONT SIZE="2">(Exact name of issuer as specified in its charter)</FONT></FONT></FONT></P>

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<TD WIDTH="50%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><b>Maryland</b> </FONT></TD>
<TD WIDTH="50%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><b>31-1390518</b> </FONT></TD>
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<TD WIDTH="50%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(State or other jurisdiction of<BR>incorporation or organization)</FONT></TD>
<TD WIDTH="50%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(I.R.S. Employer<BR>Identification No.)</FONT></TD>
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<TD WIDTH="50%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><b>150 East Gay Street<BR>Columbus, Ohio</b> </FONT></TD>
<TD WIDTH="50%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><b>43215</b> </FONT></TD>
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<TD WIDTH="50%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(Address of Principal Executive Offices)</FONT></TD>
<TD WIDTH="50%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(Zip Code)</FONT></TD>
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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><B>Glimcher Realty Trust
2004 Incentive Compensation Plan</B><BR>(Full title of the plans)</FONT></FONT> </P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
Michael P. Glimcher<BR>
Chief Executive Officer and President<BR>
Glimcher Realty Trust<BR>
150 East Gay Street<BR>
Columbus, Ohio 43215<BR>
(614) 621-9000<BR>
(Name, address and telephone number of agent for service) </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><I>Copies to:</I><BR>
Alan S. Pearce, Esq.<BR>
Bryan Cave LLP<BR>
1290 Avenue of the Americas<BR>
New York, NY 10104</FONT></FONT></P>
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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>CALCULATION OF
REGISTRATION FEE </B></FONT></P>

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     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="-1"><B>Title of Each<BR>Class of Securities<BR>to be Registered</B></FONT></FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="-1"><B>Amount to be<BR>Registered</B></FONT></FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="-1"><B>Proposed Maximum<BR>Offering Price<BR>Per Share(1)</B></FONT></FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="-1"><B>Proposed<BR>Maximum<BR>Aggregate<BR>Offering<BR>Price(1)</B></FONT></FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="-1"><B>Amount of<BR>Registration Fee</B></FONT></FONT></TD></TR>
<TR VALIGN="MIDDLE">
     <TD WIDTH="20%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="-1">Common Shares of<BR>Beneficial
Interest, $.01<BR>par value per share</FONT></TD>
     <TD WIDTH="20%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="-1">1,100,000(2)</FONT></TD>
     <TD WIDTH="20%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="-1">$24.78</FONT></TD>
     <TD WIDTH="20%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="-1">$27,258,000</FONT></TD>
     <TD WIDTH="20%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="-1">$3,208.27</FONT></TD></TR>
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<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(1) </FONT></TD>
<TD WIDTH="96%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
Estimated solely for purposes of calculating the registration fee. Pursuant to Rules
457(c) and (h), the Proposed Maximum Offering Price Per Share and the Proposed Maximum
Aggregate Offering Price are computed on the basis of the average of the high and low
prices for such security on March 22, 2005, as reported on the New York Stock Exchange. </FONT></TD>
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<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(2) </FONT></TD>
<TD WIDTH="96%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
The shares covered by this Registration Statement represent the common stock issuable to
participants under the Registrant&#146;s 2004 Incentive Compensation Plan. Pursuant to
Rule 416(a) of the Securities Act of 1933, as amended (the &#147;Securities Act&#148;),
this Registration Statement shall also cover any additional shares of the
Registrant&#146;s common stock that become issuable under the options covered hereby by
reason of any stock dividend, stock split, recapitalization or other similar transaction
effected without the receipt of consideration that increases the number of the
Registrant&#146;s outstanding shares of common stock. </FONT></TD>
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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><B><U>PART I</U></B></FONT></FONT> </P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>INFORMATION
REQUIRED IN THE SECTION 10(a) PROSPECTUS </B></FONT></P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">Items 1 and 2.&nbsp;&nbsp;&nbsp;&nbsp;<U>Plan
Information; Registrant Information and Employee Plan Annual Information</U>.</FONT></FONT></P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
information specified by Item 1 and Item 2 of Part I of Form S-8 is omitted from this
filing in accordance with the provisions of Rule 428 of the Securities Act and the
introductory note to Part I of Form S-8. The documents containing the information
specified in Part I will be delivered to the participants in the Glimcher Realty Trust
2004 Incentive Compensation Plan covered by this Registration Statement as required by
Rule 428(b). These documents and the documents incorporated by reference to this
Registration Statement pursuant to Item 3 of Part II of Form S-8, taken together,
constitute a prospectus that meets the requirements of Section 10(a) of the Securities
Act. </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><B><U>PART II</U></B></FONT></FONT> </P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>INFORMATION
REQUIRED IN THE REGISTRATION STATEMENT </B></FONT></P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">Item 3.&nbsp;&nbsp;&nbsp;&nbsp;<U>Incorporation
of Documents by Reference</U>.</FONT></FONT></P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following documents filed by Glimcher Realty Trust, a Maryland Real Estate Investment
Trust (the &#147;Company&#148;), with the Securities and Exchange Commission (the
&#147;Commission&#148;) are incorporated in this Registration Statement by reference: </FONT></P>

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<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">1.  </FONT></TD>
<TD WIDTH="92%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> Annual
Report on Form 10-K for the fiscal year ended December 31, 2004, filed on March 11, 2005. </FONT></TD>
</TR>
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<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">2.  </FONT></TD>
<TD WIDTH="92%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">The
Company&#146;s  current reports on Form 8-K, filed with the Commission on January 24,
2005, February 22,  2005, February 24, 2005 and March 10, 2005. </FONT></TD>
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<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">3.  </FONT></TD>
<TD WIDTH="92%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> Description
of the Company&#146;s common shares of beneficial interest contained in the Company&#146;s
Registration Statement on Form S-11 (File No. 33-69740) filed with  the Commission on
September 30, 1993 and the documents incorporated therein by reference. </FONT></TD>
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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
documents filed subsequent to the filing date of this Registration Statement with the
Commission by the Company pursuant to Sections 13(a), 13(c), 14 and 15(d) of the
Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;), prior to the
filing of a post-effective amendment which indicates that all securities offered by this
Registration Statement have been sold or which de-registers all such securities then
remaining unsold, shall be deemed to be incorporated by reference in this Registration
Statement and to be a part hereof from the date of the filing of such documents. Any
statement contained in a document incorporated or deemed to be incorporated herein by
reference shall be deemed to be modified or superseded for purposes of this Registration
Statement to the extent that a statement contained herein or in any subsequent filed
document which also is, or is deemed to be, incorporated by reference herein modifies or
supersedes such prior statement. Any statement so modified or superseded shall not be
deemed, except as so modified or superseded, to constitute a part of this Registration
Statement, except as indicated herein. </FONT></P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">Item 4.&nbsp;&nbsp;&nbsp;&nbsp;<U>Description
of Securities</U>.</FONT></FONT></P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not
applicable. </FONT></P>





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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">Item 5.&nbsp;&nbsp;&nbsp;&nbsp;<U>Interests of
Named Experts and Counsel</U>.</FONT></FONT></P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not
applicable. </FONT></P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">Item 6.&nbsp;&nbsp;&nbsp;&nbsp;<U>Indemnification
of Directors and Officers</U>.</FONT></FONT></P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under
Maryland law, a real estate investment trust formed in Maryland is permitted to limit, by
provision in its declaration of trust, the liability of trustees and officers to the trust
or to its shareholders for money damages except for the liability of a trustee or officer
resulting from (i) active and deliberate dishonesty established by a final judgment as
being material to the cause of action or (ii) actual receipt of an improper benefit or
profit in money, property or services. The Company&#146;s amended and restated declaration
of trust contains such a provision which eliminates such liability to the maximum extent
permitted by the Maryland law. </FONT></P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
declaration of trust, as amended, of the Company authorizes it, to the maximum extent
provided in its bylaws, to obligate itself to indemnify and to pay or reimburse reasonable
expenses in advance of final disposition of a proceeding to (a) any present or former
trustee or officer or (b) any individual who, while a trustee of the Company and at the
request of the Company, serves or has served another corporation, partnership, joint
venture, trust, employee benefit plan or any other enterprise as a trustee, director,
officer or partner, of such corporation, partnership, joint venture, trust, employee
benefit plan or other enterprise from and against any claim or liability to which such
person may become subject or which such person may incur by reason of his status as a
present or former trustee or officer of the Company. The Company&#146;s bylaws obligate
it, to the maximum extent permitted by Maryland Law, to indemnify and to pay or reimburse
reasonable expenses in advance of final disposition of a proceeding to (a) any individual
who, while a trustee or officer and at the request of the Company, serves or has served
another corporation, partnership, joint venture, trust, employee benefit plan or other
enterprise as a trustee, director, officer or partner of such corporation, partnership,
joint venture, trust, employee benefit plan or other enterprise and who is made a party to
the proceeding by reason of his service in that capacity, and (b) any present or former
trustee or officer against any claim or liability to which he may become a party by reason
of his service in that capacity unless it is established that (i) his act or omission was
committed in bad faith or was the result of active and deliberate dishonesty, (ii) he
actually received an improper personal benefit in money, property or services or (iii) in
the case of a criminal proceeding, he had reasonable cause to believe that his act or
omission was unlawful. In addition, the Company&#146;s bylaws require it to pay or
reimburse, in advance of final disposition of a proceeding, reasonable expenses incurred
by a present or former trustee or officer made a party to a proceeding by reason of his
status as a trustee or officer provided that the Company shall have received (i) a written
affirmation by the trustee or officer of his good faith belief that he has met the
standard of conduct necessary for indemnification by the Company as authorized by the
bylaws and (ii) a written undertaking by or on his behalf to repay the amount paid or
reimbursed by the Company if it shall ultimately be determined that the standard of
conduct was not met. The Company&#146;s bylaws also (i) permit the Company to provide
indemnification and payment or reimbursement of expenses to a present or former trustee or
officer who served a predecessor of the Company in such capacity and to any employee or
agent of the Company or a predecessor of the Company, (ii) provide that any
indemnification or payment or reimbursement of the expenses permitted by the
Company&#146;s bylaws shall be furnished in accordance with the procedures provided for
indemnification and payment or reimbursement of expenses under Section 2-418 of the
Maryland General Corporation Law (&#147;MGCL&#148;) for directors of Maryland corporations
and (iii) permit the Company to provide such other and further indemnification or payment
or reimbursement of expenses as may be permitted by Section 2-418 of the MGCL for
directors of Maryland corporations. </FONT></P>


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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company maintains a standard policy of officers&#146; and directors&#146; liability
insurance. </FONT></P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">Item 7.&nbsp;&nbsp;&nbsp;&nbsp;<U>Exemption
from Registration Claimed</U>.</FONT></FONT></P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not
applicable. </FONT></P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">Item 8.&nbsp;&nbsp;&nbsp;&nbsp;<U>Exhibits</U>.</FONT></FONT></P>

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<TD WIDTH="6%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">4.1  </FONT></TD>
<TD WIDTH="94%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> Amended
and Restated Declaration of Trust of Glimcher Realty Trust. (1) </FONT></TD>
</TR>
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<TD WIDTH="6%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">4.2  </FONT></TD>
<TD WIDTH="94%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> Bylaws,
as amended. (1) </FONT></TD>
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<TD WIDTH="6%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">4.3  </FONT></TD>
<TD WIDTH="94%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> Amendment
to the Company&#146;s Amended and Restated Declaration of Trust. (2) </FONT></TD>
</TR>
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<TD WIDTH="6%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">4.4  </FONT></TD>
<TD WIDTH="94%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> Specimen
Certificate for Common Shares of Beneficial Interest. (1) </FONT></TD>
</TR>
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<TD WIDTH="6%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">4.5  </FONT></TD>
<TD WIDTH="94%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> Glimcher
Realty Trust 1993 Employee Share Option Plan.(1) </FONT></TD>
</TR>
</TABLE>
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<TD WIDTH="6%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">4.6  </FONT></TD>
<TD WIDTH="94%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> Glimcher
Realty Trust 1993 Trustee Share Option Plan. (1) </FONT></TD>
</TR>
</TABLE>
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<TD WIDTH="6%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">4.7  </FONT></TD>
<TD WIDTH="94%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> Glimcher
Realty Trust 1997 Incentive Plan. (3) </FONT></TD>
</TR>
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<TD WIDTH="6%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">4.8  </FONT></TD>
<TD WIDTH="94%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> Glimcher
Realty Trust 2004 Incentive Compensation Plan. (4) </FONT></TD>
</TR>
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<TD WIDTH="6%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">4.9  </FONT></TD>
<TD WIDTH="94%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> Form
Option Award Agreement for the Glimcher Realty Trust 2004 Incentive Compensation Plan
(Non-Qualified Stock Options). (5) </FONT></TD>
</TR>
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<TD WIDTH="6%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">4.10  </FONT></TD>
<TD WIDTH="94%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> Form
Option Award Agreement for the Glimcher Realty Trust 2004 Incentive Compensation Plan
(Incentive Stock Options). (5) </FONT></TD>
</TR>
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<TD WIDTH="6%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">4.11  </FONT></TD>
<TD WIDTH="94%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> Rights
Agreement Relating to the Right to Purchase One One-Hundredth of a Series E Junior
Participating Preferred Share of the Company. (6) </FONT></TD>
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<TD WIDTH="6%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">5.1  </FONT></TD>
<TD WIDTH="94%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Opinion
of Venable  LLP, Maryland counsel to the Company, as to the legality of the Common Shares
of  Beneficial Interest being registered. </FONT></TD>
</TR>
</TABLE>
<BR>


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<TD WIDTH="6%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">23.1  </FONT></TD>
<TD WIDTH="94%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> Consent
of BDO Seidman, LLP. </FONT></TD>
</TR>
</TABLE>
<BR>


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<TD WIDTH="6%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">23.2  </FONT></TD>
<TD WIDTH="94%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> Consent
of Venable LLP (included as part of Exhibit 5.1). </FONT></TD>
</TR>
</TABLE>
<BR>


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<TD WIDTH="6%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">24.1  </FONT></TD>
<TD WIDTH="94%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> Power
of Attorney (included on signature page). </FONT></TD>
</TR>
</TABLE>
<BR>


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<HR WIDTH="25%" SIZE="1" ALIGN="LEFT" COLOR="#000000" NOSHADE>

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<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(1) </FONT></TD>
<TD WIDTH="96%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
Incorporated by reference to Glimcher Realty Trust&#146;s Registration Statement No.
33-69740. </FONT></TD>
</TR>
</TABLE>

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<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(2) </FONT></TD>
<TD WIDTH="96%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
Incorporated by reference to Glimcher Realty Trust&#146;s Annual Report on Form 10-K for
the fiscal year ended December 31, 1994, filed with the Securities and Exchange Commission
on March 21, 1995. </FONT></TD>
</TR>
</TABLE>

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<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(3) </FONT></TD>
<TD WIDTH="96%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
Incorporated by reference to Glimcher Realty Trust&#146;s Annual Report Form 10-K for the
fiscal year ended December 31, 1997, filed with the Securities and Exchange Commission on
March 31, 1998. </FONT></TD>
</TR>
</TABLE>

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<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(4) </FONT></TD>
<TD WIDTH="96%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
Incorporated by reference to Appendix B of Glimcher Realty Trust&#146;s Schedule 14A Proxy
Statement filed with the Securities and Exchange Commission on March 29, 2004. </FONT></TD>
</TR>
</TABLE>

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<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(5) </FONT></TD>
<TD WIDTH="96%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
Incorporated by reference to Glimcher Realty Trust&#146;s Annual Report on Form 10-K for
the fiscal year ended December 31, 2004, filed with the Securities and Exchange Commission
on March 11, 2005. </FONT></TD>
</TR>
</TABLE>

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<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(6) </FONT></TD>
<TD WIDTH="96%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
Incorporated by reference to Glimcher Realty Trust&#146;s Form 8-K filed with the
Securities and Exchange Commission on March 12, 1999. </FONT></TD>
</TR>
</TABLE>
<BR>

<BR>
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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">3 </FONT></P>
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<BR>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">Item 9.&nbsp;&nbsp;&nbsp;&nbsp;<U>Undertakings</U>.</FONT></FONT></P>


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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
undersigned registrant hereby undertakes: </FONT></P>

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<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
<TD WIDTH="96%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)
To file, during any period in which offers or sales are being made, a post-effective
amendment to this registration statement: </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH="100%" CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH="8%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
<TD WIDTH="92%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)
To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933; </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH="100%" CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH="8%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
<TD WIDTH="92%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)
To reflect in the prospectus any facts or events arising after the effective date of the
registration statement (or the most recent post-effective amendment thereof) which,
individually or in the aggregate, represent a fundamental change in the information set
forth in the registration statement. Notwithstanding the foregoing, any increase or
decrease in volume of securities offered (if the total dollar value of securities offered
would not exceed that which was registered) and any deviation from the low or high end of
the estimated maximum offering range may be reflected in the form of prospectus filed with
the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and
price represent no more than 20 percent change in the maximum aggregate offering price set
forth in the &#147;Calculation of Registration Fee&#148; table in the effective
registration statement. </FONT></TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH="8%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
<TD WIDTH="92%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)
To include any material information with respect to the plan of distribution not
previously disclosed in the registration statement or any material change to such
information in the registration statement; </FONT></TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
<TD WIDTH="96%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">provided,
however<I>,</I> that paragraphs (1)(i) and (1)(ii) do not apply if the registration
statement is on Form S-3, Form S-8 or Form F-3, and the information required to be
included in a post-effective amendment by those paragraphs is contained in periodic
reports filed with or furnished to the Commission by the registrant pursuant to Section 13
or 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in the
registration statement. </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH="100%" CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
<TD WIDTH="96%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)
That, for the purpose of determining any liability under the Securities Act of 1933, each
such post-effective amendment shall be deemed to be a new registration statement relating
to the securities offered therein, and the offering of such securities at that time shall
be deemed to be the initial bona fide offering thereof. </FONT></TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
<TD WIDTH="96%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)
To remove from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the offering. </FONT></TD>
</TR>
</TABLE>
<BR>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
undersigned registrant hereby further undertakes that, for purposes of determining any
liability under the Securities Act of 1933, each filing of the registrant&#146;s annual
report pursuant to Section&nbsp;13(a) or 15(d) of the Securities Exchange Act of 1934
(and, where applicable, each filing of an employee benefit plan&#146;s annual report
pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is incorporated by
reference in the registration statement shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities at that
time shall be deemed to be the initial bona fide offering thereof. </FONT></P>

<BR>
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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">4 </FONT></P>
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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insofar
as indemnification for liabilities arising under the Securities Act of 1933 may be
permitted to trustees, officers and controlling persons of the registrant pursuant to the
foregoing provisions, or otherwise, the registrant has been advised that in the opinion of
the Securities and Exchange Commission such indemnification is against public policy as
expressed in the Act and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the registrant of
expenses incurred or paid by a trustee, officer or controlling person of the registrant in
the successful defense of any action, suit or proceeding) is asserted by such trustee,
officer or controlling person in connection with the securities being registered, the
registrant will, unless in the opinion of its counsel the matter has been settled by
controlling precedent, submit to a court of appropriate jurisdiction the question of
whether such indemnification by it is against public policy as expressed in the Act and
will be governed by the final adjudication of such issue. </FONT></P>


<BR>
<BR>
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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">5 </FONT></P>
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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>SIGNATURES </B></FONT></P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Act of 1933, the Registrant certifies that it has
reasonable grounds to believe that it meets all of the requirements for filing on Form S-8
and has duly caused this Registration Statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the city of Columbus, state of Ohio, on the 9th
day of March 2005. </FONT></P>

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<TD WIDTH="60%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
<TD WIDTH="40%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">GLIMCHER
REALTY TRUST </FONT></TD>
</TR>
</TABLE>
<BR>
<BR>



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<TD WIDTH="60%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">By:  </FONT></TD>
<TD WIDTH="36%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">/s/
Mark E. Yale &nbsp;</FONT><HR ALIGN=LEFT COLOR="#000000" SIZE="1" WIDTH="70%" noshade></TD>
</TR>
</TABLE>


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<TABLE WIDTH="100%" CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH="60%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
<TD WIDTH="36%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Mark
E. Yale<BR>Senior Vice President and<BR>Chief Financial Officer </FONT></TD>
</TR>
</TABLE>
<BR>
<BR>



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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>POWER OF ATTORNEY </B></FONT></P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KNOW
ALL MEN BY THESE PRESENTS, that each person whose signature appears below does hereby
constitute and appoint George A. Schmidt and Mark E. Yale, and each or any of them, as his
true and lawful attorney-in-fact and agent, with full power of substitution and
resubstitution, for him and in his name, place and stead, in any and all capacities, to
sign any and all amendments (including, without limitation, post-effective amendments and
documents in connection therewith) to this Registration Statement, and to file the same
with the Securities and Exchange Commission, granting unto each said attorney-in-fact and
agent full power and authority to do and perform each and every act and thing requisite
and necessary to be done, as fully to all intents and purposes as he might or could do in
person, hereby ratifying and confirming all that said attorney-in-fact and agent or either
of them, or their or his substitute or substitutes, may lawfully do or cause to be done by
virtue hereof. </FONT></P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Act of 1933, this Registration Statement has been
signed by the following persons in the capacities and on the dates indicated. </FONT></P>

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<TR VALIGN=TOP>
<TD WIDTH="33%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><U>Name</U></FONT></FONT> </TD>
<TD WIDTH="34%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><U>Title</U></FONT></FONT> </TD>
<TD WIDTH="33%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><U>Date</U></FONT></FONT> </TD>
</TR>
</TABLE>
<BR>


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<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%">
<TR VALIGN=TOP>
<TD WIDTH="33%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
/s/ Michael P. Glimcher
<HR WIDTH="85%" SIZE="1" ALIGN="LEFT" NOSHADE COLOR="#000000">
Michael P. Glimcher
</FONT></TD>
<TD WIDTH="34%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
Chief Executive Officer (Principal Executive<BR>Officer), President and Trustee
</FONT></TD><TD WIDTH="33%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
March 9, 2005
</FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%">
<TR VALIGN=TOP>
<TD WIDTH="33%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
/s/ Herbert Glimcher
<HR WIDTH="85%" SIZE="1" ALIGN="LEFT" NOSHADE COLOR="#000000">
Herbert Glimcher
</FONT></TD>
<TD WIDTH="34%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
Chairman of the Board and Trustee
</FONT></TD><TD WIDTH="33%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
March 9, 2005
</FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%">
<TR VALIGN=TOP>
<TD WIDTH="33%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
/s/ George A. Schmidt
<HR WIDTH="85%" SIZE="1" ALIGN="LEFT" NOSHADE COLOR="#000000">
George A. Schmidt
</FONT></TD>
<TD WIDTH="34%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
Executive Vice President, General Counsel,<BR>Secretary and Trustee
</FONT></TD><TD WIDTH="33%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
March 9, 2005
</FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%">
<TR VALIGN=TOP>
<TD WIDTH="33%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
/s/ Mark E. Yale
<HR WIDTH="85%" SIZE="1" ALIGN="LEFT" NOSHADE COLOR="#000000">
Mark E. Yale
</FONT></TD>
<TD WIDTH="34%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
Senior Vice President and Chief Financial Officer<BR>(Principal Accounting and Financial Officer)
</FONT></TD><TD WIDTH="33%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
March 9, 2005
</FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%">
<TR VALIGN=TOP>
<TD WIDTH="33%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
/s/ Philip G. Barach
<HR WIDTH="85%" SIZE="1" ALIGN="LEFT" NOSHADE COLOR="#000000">
Philip G. Barach
</FONT></TD>
<TD WIDTH="34%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
Member, Board of Trustees
</FONT></TD><TD WIDTH="33%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
March 9, 2005
</FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%">
<TR VALIGN=TOP>
<TD WIDTH="33%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
/s/ Wayne S. Doran
<HR WIDTH="85%" SIZE="1" ALIGN="LEFT" NOSHADE COLOR="#000000">
Wayne S. Doran
</FONT></TD>
<TD WIDTH="34%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
Member, Board of Trustees
</FONT></TD><TD WIDTH="33%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
March 9, 2005
</FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%">
<TR VALIGN=TOP>
<TD WIDTH="33%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
/s/ Howard Gross
<HR WIDTH="85%" SIZE="1" ALIGN="LEFT" NOSHADE COLOR="#000000">
Howard Gross
</FONT></TD>
<TD WIDTH="34%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
Member, Board of Trustees
</FONT></TD><TD WIDTH="33%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
March 9, 2005
</FONT></TD>
</TR>
</TABLE>
<BR>

<BR>
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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">6 </FONT></P>
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<BR>
<BR>

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<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%">
<TR VALIGN=TOP>
<TD WIDTH="33%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
/s/ Niles C. Overly
<HR WIDTH="85%" SIZE="1" ALIGN="LEFT" NOSHADE COLOR="#000000">
Niles C. Overly
</FONT></TD>
<TD WIDTH="34%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
Member, Board of Trustees
</FONT></TD><TD WIDTH="33%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
March 9, 2005
</FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%">
<TR VALIGN=TOP>
<TD WIDTH="33%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
/s/ Alan R. Weiler
<HR WIDTH="85%" SIZE="1" ALIGN="LEFT" NOSHADE COLOR="#000000">
Alan R. Weiler
</FONT></TD>
<TD WIDTH="34%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
Member, Board of Trustees
</FONT></TD><TD WIDTH="33%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
March 9, 2005
</FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%">
<TR VALIGN=TOP>
<TD WIDTH="33%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
/s/ William S. Williams
<HR WIDTH="85%" SIZE="1" ALIGN="LEFT" NOSHADE COLOR="#000000">
William S. Williams
</FONT></TD>
<TD WIDTH="34%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
Member, Board of Trustees
</FONT></TD><TD WIDTH="33%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
March 9, 2005
</FONT></TD>
</TR>
</TABLE>
<BR>


<BR>
<!-- MARKER FORMAT-SHEET="Center" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">7 </FONT></P>
<!-- *************************************************************************** -->
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<HR SIZE=5 COLOR=GRAY NOSHADE>
<BR>

<!-- MARKER FORMAT-SHEET="Center" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">EXHIBIT INDEX </FONT></P>
<BR>

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<TABLE WIDTH="100%" CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH="6%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">4.1  </FONT></TD>
<TD WIDTH="94%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> Amended
and Restated Declaration of Trust of Glimcher Realty Trust. (1) </FONT></TD>
</TR>
</TABLE>
<BR>


<!-- MARKER FORMAT-SHEET="Para Hang" -->
<TABLE WIDTH="100%" CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH="6%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">4.2  </FONT></TD>
<TD WIDTH="94%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> Bylaws,
as amended. (1) </FONT></TD>
</TR>
</TABLE>
<BR>


<!-- MARKER FORMAT-SHEET="Para Hang" -->
<TABLE WIDTH="100%" CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH="6%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">4.3  </FONT></TD>
<TD WIDTH="94%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> Amendment
to the Company&#146;s Amended and Restated Declaration of Trust. (2) </FONT></TD>
</TR>
</TABLE>
<BR>


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<TABLE WIDTH="100%" CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH="6%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">4.4  </FONT></TD>
<TD WIDTH="94%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> Specimen
Certificate for Common Shares of Beneficial Interest. (1) </FONT></TD>
</TR>
</TABLE>
<BR>


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<TABLE WIDTH="100%" CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH="6%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">4.5  </FONT></TD>
<TD WIDTH="94%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> Glimcher
Realty Trust 1993 Employee Share Option Plan.(1) </FONT></TD>
</TR>
</TABLE>
<BR>


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<TABLE WIDTH="100%" CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH="6%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">4.6  </FONT></TD>
<TD WIDTH="94%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> Glimcher
Realty Trust 1993 Trustee Share Option Plan. (1) </FONT></TD>
</TR>
</TABLE>
<BR>


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<TABLE WIDTH="100%" CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH="6%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">4.7  </FONT></TD>
<TD WIDTH="94%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> Glimcher
Realty Trust 1997 Incentive Plan. (3) </FONT></TD>
</TR>
</TABLE>
<BR>


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<TABLE WIDTH="100%" CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH="6%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">4.8  </FONT></TD>
<TD WIDTH="94%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> Glimcher
Realty Trust 2004 Incentive Compensation Plan. (4) </FONT></TD>
</TR>
</TABLE>
<BR>


<!-- MARKER FORMAT-SHEET="Para Hang" -->
<TABLE WIDTH="100%" CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH="6%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">4.9  </FONT></TD>
<TD WIDTH="94%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> Form
Option Award Agreement for the Glimcher Realty Trust 2004 Incentive Compensation Plan
(Non-Qualified Stock Options). (5) </FONT></TD>
</TR>
</TABLE>
<BR>


<!-- MARKER FORMAT-SHEET="Para Hang" -->
<TABLE WIDTH="100%" CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH="6%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">4.10  </FONT></TD>
<TD WIDTH="94%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> Form
Option Award Agreement for the Glimcher Realty Trust 2004 Incentive Compensation Plan
(Incentive Stock Options). (5) </FONT></TD>
</TR>
</TABLE>
<BR>


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<TABLE WIDTH="100%" CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH="6%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">4.11  </FONT></TD>
<TD WIDTH="94%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> Rights
Agreement Relating to the Right to Purchase One One-Hundredth of a Series E Junior
Participating Preferred Share of the Company. (6) </FONT></TD>
</TR>
</TABLE>
<BR>


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<TABLE WIDTH="100%" CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH="6%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">5.1  </FONT></TD>
<TD WIDTH="94%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Opinion
of Venable  LLP, Maryland counsel to the Company, as to the legality of the Common Shares
of  Beneficial Interest being registered. </FONT></TD>
</TR>
</TABLE>
<BR>


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<TABLE WIDTH="100%" CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH="6%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">23.1  </FONT></TD>
<TD WIDTH="94%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> Consent
of BDO Seidman, LLP. </FONT></TD>
</TR>
</TABLE>
<BR>


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<TABLE WIDTH="100%" CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH="6%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">23.2  </FONT></TD>
<TD WIDTH="94%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> Consent
of Venable LLP (included as part of Exhibit 5.1). </FONT></TD>
</TR>
</TABLE>
<BR>


<!-- MARKER FORMAT-SHEET="Para Hang" -->
<TABLE WIDTH="100%" CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH="6%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">24.1  </FONT></TD>
<TD WIDTH="94%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> Power
of Attorney (included on signature page). </FONT></TD>
</TR>
</TABLE>
<BR>


<!-- MARKER FORMAT-SHEET="Footnote Rule" -->
<HR WIDTH="25%" SIZE="1" ALIGN="LEFT" COLOR="#000000" NOSHADE>

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<TABLE WIDTH="100%" CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(1) </FONT></TD>
<TD WIDTH="96%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
Incorporated by reference to Glimcher Realty Trust&#146;s Registration Statement No.
33-69740. </FONT></TD>
</TR>
</TABLE>

<!-- MARKER FORMAT-SHEET="Para Hang" -->
<TABLE WIDTH="100%" CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(2) </FONT></TD>
<TD WIDTH="96%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
Incorporated by reference to Glimcher Realty Trust&#146;s Annual Report on Form 10-K for
the fiscal year ended December 31, 1994, filed with the Securities and Exchange Commission
on March 21, 1995. </FONT></TD>
</TR>
</TABLE>

<!-- MARKER FORMAT-SHEET="Para Hang" -->
<TABLE WIDTH="100%" CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(3) </FONT></TD>
<TD WIDTH="96%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
Incorporated by reference to Glimcher Realty Trust&#146;s Annual Report Form 10-K for the
fiscal year ended December 31, 1997, filed with the Securities and Exchange Commission on
March 31, 1998. </FONT></TD>
</TR>
</TABLE>

<!-- MARKER FORMAT-SHEET="Para Hang" -->
<TABLE WIDTH="100%" CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(4) </FONT></TD>
<TD WIDTH="96%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
Incorporated by reference to Appendix B of Glimcher Realty Trust&#146;s Schedule 14A Proxy
Statement filed with the Securities and Exchange Commission on March 29, 2004. </FONT></TD>
</TR>
</TABLE>

<!-- MARKER FORMAT-SHEET="Para Hang" -->
<TABLE WIDTH="100%" CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(5) </FONT></TD>
<TD WIDTH="96%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
Incorporated by reference to Glimcher Realty Trust&#146;s Annual Report on Form 10-K for
the fiscal year ended December 31, 2004, filed with the Securities and Exchange Commission
on March 11, 2005. </FONT></TD>
</TR>
</TABLE>

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<TABLE WIDTH="100%" CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(6) </FONT></TD>
<TD WIDTH="96%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
Incorporated by reference to Glimcher Realty Trust&#146;s Form 8-K filed with the
Securities and Exchange Commission on March 12, 1999. </FONT></TD>
</TR>
</TABLE>
<BR>



</BODY>
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{"company-data": {"conformed-name": "GLIMCHER REALTY TRUST", "cik": "0000912898", "assigned-sic": "6798", "irs-number": "311390518", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-123557", "film-number": "05702485"}, "business-address": {"street1": "150 EAST GAY STREET", "city": "COLUMBUS", "state": "OH", "zip": "43215", "phone": "6146219000"}, "mail-address": {"street1": "150 EAST GAY STREET", "city": "COLUMBUS", "state": "OH", "zip": "43215"}}
As filed with the Securities and Exchange Commission on March 24, 2005
Registration No. 333-__________
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION
STATEMENT
UNDER
THE SECURITIES ACT OF 1933
GLIMCHER REALTY
TRUST
(Exact name of issuer as specified in its charter)
Maryland
31-1390518
(State or other jurisdiction of
incorporation or organization)
(I.R.S. Employer
Identification No.)
150 East Gay Street
Columbus, Ohio
43215
(Address of Principal Executive Offices)
(Zip Code)
Glimcher Realty Trust
2004 Incentive Compensation Plan
(Full title of the plans)
Michael P. Glimcher
Chief Executive Officer and President
Glimcher Realty Trust
150 East Gay Street
Columbus, Ohio 43215
(614) 621-9000
(Name, address and telephone number of agent for service)
Copies to:
Alan S. Pearce, Esq.
Bryan Cave LLP
1290 Avenue of the Americas
New York, NY 10104
CALCULATION OF
REGISTRATION FEE
Title of Each
Class of Securities
to be Registered
Amount to be
Registered
Proposed Maximum
Offering Price
Per Share(1)
Proposed
Maximum
Aggregate
Offering
Price(1)
Amount of
Registration Fee
Common Shares of
Beneficial
Interest, $.01
par value per share
1,100,000(2)
$24.78
$27,258,000
$3,208.27
(1)
Estimated solely for purposes of calculating the registration fee. Pursuant to Rules
457(c) and (h), the Proposed Maximum Offering Price Per Share and the Proposed Maximum
Aggregate Offering Price are computed on the basis of the average of the high and low
prices for such security on March 22, 2005, as reported on the New York Stock Exchange.
(2)
The shares covered by this Registration Statement represent the common stock issuable to
participants under the Registrant's 2004 Incentive Compensation Plan. Pursuant to
Rule 416(a) of the Securities Act of 1933, as amended (the "Securities Act"),
this Registration Statement shall also cover any additional shares of the
Registrant's common stock that become issuable under the options covered hereby by
reason of any stock dividend, stock split, recapitalization or other similar transaction
effected without the receipt of consideration that increases the number of the
Registrant's outstanding shares of common stock.
PART I
INFORMATION
REQUIRED IN THE SECTION 10(a) PROSPECTUS
Items 1 and 2.
Plan
Information; Registrant Information and Employee Plan Annual Information
.
The
information specified by Item 1 and Item 2 of Part I of Form S-8 is omitted from this
filing in accordance with the provisions of Rule 428 of the Securities Act and the
introductory note to Part I of Form S-8. The documents containing the information
specified in Part I will be delivered to the participants in the Glimcher Realty Trust
2004 Incentive Compensation Plan covered by this Registration Statement as required by
Rule 428(b). These documents and the documents incorporated by reference to this
Registration Statement pursuant to Item 3 of Part II of Form S-8, taken together,
constitute a prospectus that meets the requirements of Section 10(a) of the Securities
Act.
PART II
INFORMATION
REQUIRED IN THE REGISTRATION STATEMENT
Item 3.
Incorporation
of Documents by Reference
.
The
following documents filed by Glimcher Realty Trust, a Maryland Real Estate Investment
Trust (the "Company"), with the Securities and Exchange Commission (the
"Commission") are incorporated in this Registration Statement by reference:
1.
Annual
Report on Form 10-K for the fiscal year ended December 31, 2004, filed on March 11, 2005.
2.
The
Company's  current reports on Form 8-K, filed with the Commission on January 24,
2005, February 22,  2005, February 24, 2005 and March 10, 2005.
3.
Description
of the Company's common shares of beneficial interest contained in the Company's
Registration Statement on Form S-11 (File No. 33-69740) filed with  the Commission on
September 30, 1993 and the documents incorporated therein by reference.
All
documents filed subsequent to the filing date of this Registration Statement with the
Commission by the Company pursuant to Sections 13(a), 13(c), 14 and 15(d) of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), prior to the
filing of a post-effective amendment which indicates that all securities offered by this
Registration Statement have been sold or which de-registers all such securities then
remaining unsold, shall be deemed to be incorporated by reference in this Registration
Statement and to be a part hereof from the date of the filing of such documents. Any
statement contained in a document incorporated or deemed to be incorporated herein by
reference shall be deemed to be modified or superseded for purposes of this Registration
Statement to the extent that a statement contained herein or in any subsequent filed
document which also is, or is deemed to be, incorporated by reference herein modifies or
supersedes such prior statement. Any statement so modified or superseded shall not be
deemed, except as so modified or superseded, to constitute a part of this Registration
Statement, except as indicated herein.
Item 4.
Description
of Securities
.
Not
applicable.
Item 5.
Interests of
Named Experts and Counsel
.
Not
applicable.
Item 6.
Indemnification
of Directors and Officers
.
Under
Maryland law, a real estate investment trust formed in Maryland is permitted to limit, by
provision in its declaration of trust, the liability of trustees and officers to the trust
or to its shareholders for money damages except for the liability of a trustee or officer
resulting from (i) active and deliberate dishonesty established by a final judgment as
being material to the cause of action or (ii) actual receipt of an improper benefit or
profit in money, property or services. The Company's amended and restated declaration
of trust contains such a provision which eliminates such liability to the maximum extent
permitted by the Maryland law.
The
declaration of trust, as amended, of the Company authorizes it, to the maximum extent
provided in its bylaws, to obligate itself to indemnify and to pay or reimburse reasonable
expenses in advance of final disposition of a proceeding to (a) any present or former
trustee or officer or (b) any individual who, while a trustee of the Company and at the
request of the Company, serves or has served another corporation, partnership, joint
venture, trust, employee benefit plan or any other enterprise as a trustee, director,
officer or partner, of such corporation, partnership, joint venture, trust, employee
benefit plan or other enterprise from and against any claim or liability to which such
person may become subject or which such person may incur by reason of his status as a
present or former trustee or officer of the Company. The Company's bylaws obligate
it, to the maximum extent permitted by Maryland Law, to indemnify and to pay or reimburse
reasonable expenses in advance of final disposition of a proceeding to (a) any individual
who, while a trustee or officer and at the request of the Company, serves or has served
another corporation, partnership, joint venture, trust, employee benefit plan or other
enterprise as a trustee, director, officer or partner of such corporation, partnership,
joint venture, trust, employee benefit plan or other enterprise and who is made a party to
the proceeding by reason of his service in that capacity, and (b) any present or former
trustee or officer against any claim or liability to which he may become a party by reason
of his service in that capacity unless it is established that (i) his act or omission was
committed in bad faith or was the result of active and deliberate dishonesty, (ii) he
actually received an improper personal benefit in money, property or services or (iii) in
the case of a criminal proceeding, he had reasonable cause to believe that his act or
omission was unlawful. In addition, the Company's bylaws require it to pay or
reimburse, in advance of final disposition of a proceeding, reasonable expenses incurred
by a present or former trustee or officer made a party to a proceeding by reason of his
status as a trustee or officer provided that the Company shall have received (i) a written
affirmation by the trustee or officer of his good faith belief that he has met the
standard of conduct necessary for indemnification by the Company as authorized by the
bylaws and (ii) a written undertaking by or on his behalf to repay the amount paid or
reimbursed by the Company if it shall ultimately be determined that the standard of
conduct was not met. The Company's bylaws also (i) permit the Company to provide
indemnification and payment or reimbursement of expenses to a present or former trustee or
officer who served a predecessor of the Company in such capacity and to any employee or
agent of the Company or a predecessor of the Company, (ii) provide that any
indemnification or payment or reimbursement of the expenses permitted by the
Company's bylaws shall be furnished in accordance with the procedures provided for
indemnification and payment or reimbursement of expenses under Section 2-418 of the
Maryland General Corporation Law ("MGCL") for directors of Maryland corporations
and (iii) permit the Company to provide such other and further indemnification or payment
or reimbursement of expenses as may be permitted by Section 2-418 of the MGCL for
directors of Maryland corporations.
2
The
Company maintains a standard policy of officers' and directors' liability
insurance.
Item 7.
Exemption
from Registration Claimed
.
Not
applicable.
Item 8.
Exhibits
.
4.1
Amended
and Restated Declaration of Trust of Glimcher Realty Trust. (1)
4.2
Bylaws,
as amended. (1)
4.3
Amendment
to the Company's Amended and Restated Declaration of Trust. (2)
4.4
Specimen
Certificate for Common Shares of Beneficial Interest. (1)
4.5
Glimcher
Realty Trust 1993 Employee Share Option Plan.(1)
4.6
Glimcher
Realty Trust 1993 Trustee Share Option Plan. (1)
4.7
Glimcher
Realty Trust 1997 Incentive Plan. (3)
4.8
Glimcher
Realty Trust 2004 Incentive Compensation Plan. (4)
4.9
Form
Option Award Agreement for the Glimcher Realty Trust 2004 Incentive Compensation Plan
(Non-Qualified Stock Options). (5)
4.10
Form
Option Award Agreement for the Glimcher Realty Trust 2004 Incentive Compensation Plan
(Incentive Stock Options). (5)
4.11
Rights
Agreement Relating to the Right to Purchase One One-Hundredth of a Series E Junior
Participating Preferred Share of the Company. (6)
5.1
Opinion
of Venable  LLP, Maryland counsel to the Company, as to the legality of the Common Shares
of  Beneficial Interest being registered.
23.1
Consent
of BDO Seidman, LLP.
23.2
Consent
of Venable LLP (included as part of Exhibit 5.1).
24.1
Power
of Attorney (included on signature page).
(1)
Incorporated by reference to Glimcher Realty Trust's Registration Statement No.
33-69740.
(2)
Incorporated by reference to Glimcher Realty Trust's Annual Report on Form 10-K for
the fiscal year ended December 31, 1994, filed with the Securities and Exchange Commission
on March 21, 1995.
(3)
Incorporated by reference to Glimcher Realty Trust's Annual Report Form 10-K for the
fiscal year ended December 31, 1997, filed with the Securities and Exchange Commission on
March 31, 1998.
(4)
Incorporated by reference to Appendix B of Glimcher Realty Trust's Schedule 14A Proxy
Statement filed with the Securities and Exchange Commission on March 29, 2004.
(5)
Incorporated by reference to Glimcher Realty Trust's Annual Report on Form 10-K for
the fiscal year ended December 31, 2004, filed with the Securities and Exchange Commission
on March 11, 2005.
(6)
Incorporated by reference to Glimcher Realty Trust's Form 8-K filed with the
Securities and Exchange Commission on March 12, 1999.
3
Item 9.
Undertakings
.
The
undersigned registrant hereby undertakes:
(1)
To file, during any period in which offers or sales are being made, a post-effective
amendment to this registration statement:
(i)
To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;
(ii)
To reflect in the prospectus any facts or events arising after the effective date of the
registration statement (or the most recent post-effective amendment thereof) which,
individually or in the aggregate, represent a fundamental change in the information set
forth in the registration statement. Notwithstanding the foregoing, any increase or
decrease in volume of securities offered (if the total dollar value of securities offered
would not exceed that which was registered) and any deviation from the low or high end of
the estimated maximum offering range may be reflected in the form of prospectus filed with
the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and
price represent no more than 20 percent change in the maximum aggregate offering price set
forth in the "Calculation of Registration Fee" table in the effective
registration statement.
(iii)
To include any material information with respect to the plan of distribution not
previously disclosed in the registration statement or any material change to such
information in the registration statement;
provided,
however
,
that paragraphs (1)(i) and (1)(ii) do not apply if the registration
statement is on Form S-3, Form S-8 or Form F-3, and the information required to be
included in a post-effective amendment by those paragraphs is contained in periodic
reports filed with or furnished to the Commission by the registrant pursuant to Section 13
or 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in the
registration statement.
(2)
That, for the purpose of determining any liability under the Securities Act of 1933, each
such post-effective amendment shall be deemed to be a new registration statement relating
to the securities offered therein, and the offering of such securities at that time shall
be deemed to be the initial bona fide offering thereof.
(3)
To remove from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the offering.
The
undersigned registrant hereby further undertakes that, for purposes of determining any
liability under the Securities Act of 1933, each filing of the registrant's annual
report pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934
(and, where applicable, each filing of an employee benefit plan's annual report
pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is incorporated by
reference in the registration statement shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities at that
time shall be deemed to be the initial bona fide offering thereof.
4
Insofar
as indemnification for liabilities arising under the Securities Act of 1933 may be
permitted to trustees, officers and controlling persons of the registrant pursuant to the
foregoing provisions, or otherwise, the registrant has been advised that in the opinion of
the Securities and Exchange Commission such indemnification is against public policy as
expressed in the Act and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the registrant of
expenses incurred or paid by a trustee, officer or controlling person of the registrant in
the successful defense of any action, suit or proceeding) is asserted by such trustee,
officer or controlling person in connection with the securities being registered, the
registrant will, unless in the opinion of its counsel the matter has been settled by
controlling precedent, submit to a court of appropriate jurisdiction the question of
whether such indemnification by it is against public policy as expressed in the Act and
will be governed by the final adjudication of such issue.
5
SIGNATURES
Pursuant
to the requirements of the Securities Act of 1933, the Registrant certifies that it has
reasonable grounds to believe that it meets all of the requirements for filing on Form S-8
and has duly caused this Registration Statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the city of Columbus, state of Ohio, on the 9th
day of March 2005.
GLIMCHER
REALTY TRUST
By:
/s/
Mark E. Yale
Mark
E. Yale
Senior Vice President and
Chief Financial Officer
POWER OF ATTORNEY
KNOW
ALL MEN BY THESE PRESENTS, that each person whose signature appears below does hereby
constitute and appoint George A. Schmidt and Mark E. Yale, and each or any of them, as his
true and lawful attorney-in-fact and agent, with full power of substitution and
resubstitution, for him and in his name, place and stead, in any and all capacities, to
sign any and all amendments (including, without limitation, post-effective amendments and
documents in connection therewith) to this Registration Statement, and to file the same
with the Securities and Exchange Commission, granting unto each said attorney-in-fact and
agent full power and authority to do and perform each and every act and thing requisite
and necessary to be done, as fully to all intents and purposes as he might or could do in
person, hereby ratifying and confirming all that said attorney-in-fact and agent or either
of them, or their or his substitute or substitutes, may lawfully do or cause to be done by
virtue hereof.
Pursuant
to the requirements of the Securities Act of 1933, this Registration Statement has been
signed by the following persons in the capacities and on the dates indicated.
Name
Title
Date
/s/ Michael P. Glimcher
Michael P. Glimcher
Chief Executive Officer (Principal Executive
Officer), President and Trustee
March 9, 2005
/s/ Herbert Glimcher
Herbert Glimcher
Chairman of the Board and Trustee
March 9, 2005
/s/ George A. Schmidt
George A. Schmidt
Executive Vice President, General Counsel,
Secretary and Trustee
March 9, 2005
/s/ Mark E. Yale
Mark E. Yale
Senior Vice President and Chief Financial Officer
(Principal Accounting and Financial Officer)
March 9, 2005
/s/ Philip G. Barach
Philip G. Barach
Member, Board of Trustees
March 9, 2005
/s/ Wayne S. Doran
Wayne S. Doran
Member, Board of Trustees
March 9, 2005
/s/ Howard Gross
Howard Gross
Member, Board of Trustees
March 9, 2005
6
/s/ Niles C. Overly
Niles C. Overly
Member, Board of Trustees
March 9, 2005
/s/ Alan R. Weiler
Alan R. Weiler
Member, Board of Trustees
March 9, 2005
/s/ William S. Williams
William S. Williams
Member, Board of Trustees
March 9, 2005
7
EXHIBIT INDEX
4.1
Amended
and Restated Declaration of Trust of Glimcher Realty Trust. (1)
4.2
Bylaws,
as amended. (1)
4.3
Amendment
to the Company's Amended and Restated Declaration of Trust. (2)
4.4
Specimen
Certificate for Common Shares of Beneficial Interest. (1)
4.5
Glimcher
Realty Trust 1993 Employee Share Option Plan.(1)
4.6
Glimcher
Realty Trust 1993 Trustee Share Option Plan. (1)
4.7
Glimcher
Realty Trust 1997 Incentive Plan. (3)
4.8
Glimcher
Realty Trust 2004 Incentive Compensation Plan. (4)
4.9
Form
Option Award Agreement for the Glimcher Realty Trust 2004 Incentive Compensation Plan
(Non-Qualified Stock Options). (5)
4.10
Form
Option Award Agreement for the Glimcher Realty Trust 2004 Incentive Compensation Plan
(Incentive Stock Options). (5)
4.11
Rights
Agreement Relating to the Right to Purchase One One-Hundredth of a Series E Junior
Participating Preferred Share of the Company. (6)
5.1
Opinion
of Venable  LLP, Maryland counsel to the Company, as to the legality of the Common Shares
of  Beneficial Interest being registered.
23.1
Consent
of BDO Seidman, LLP.
23.2
Consent
of Venable LLP (included as part of Exhibit 5.1).
24.1
Power
of Attorney (included on signature page).
(1)
Incorporated by reference to Glimcher Realty Trust's Registration Statement No.
33-69740.
(2)
Incorporated by reference to Glimcher Realty Trust's Annual Report on Form 10-K for
the fiscal year ended December 31, 1994, filed with the Securities and Exchange Commission
on March 21, 1995.
(3)
Incorporated by reference to Glimcher Realty Trust's Annual Report Form 10-K for the
fiscal year ended December 31, 1997, filed with the Securities and Exchange Commission on
March 31, 1998.
(4)
Incorporated by reference to Appendix B of Glimcher Realty Trust's Schedule 14A Proxy
Statement filed with the Securities and Exchange Commission on March 29, 2004.
(5)
Incorporated by reference to Glimcher Realty Trust's Annual Report on Form 10-K for
the fiscal year ended December 31, 2004, filed with the Securities and Exchange Commission
on March 11, 2005.
(6)
Incorporated by reference to Glimcher Realty Trust's Form 8-K filed with the
Securities and Exchange Commission on March 12, 1999.