Replay Forest City Enterprises Shareholders Meeting Thursday, June 19, 2008 2:00 p.m. ET
Untitled Document
Investment Highlights
At Forest City, our focus is to build shareholder value by growing net operating income, cash flow and the value of our real estate portfolio.
Note: The Company frequently uses the non-GAAP measures of earnings before depreciation, amortization and deferred taxes ("EBDT") and comparable net operating income ("NOI") to explain operating performance and assist investors in evaluating its business. For a more thorough discussion of the Company’s use of EBDT and NOI, including how it reconciles these measures to their GAAP counterparts, please refer to pages 2 and 3 of the Supplemental Package for the Years Ended January 31, 2008 and 2007, located at the "2007 Annual Report Supplemental Package" link under the Financial Reports tab.