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SEC Filings

8-K
FOREST CITY REALTY TRUST, INC. filed this Form 8-K on 10/30/2018
Entire Document
 
Forest City Realty Trust, Inc. and Subsidiaries
Supplemental Operating Information


Summary of Corporate General and Administrative and Other NOI (in thousands)
 
Three Months Ended September 30,
 
 
Nine Months Ended September 30,
 
 
2018
2017
Change
 
2018
2017
Change
Corporate General and Administrative
$
(9,736
)
$
(17,140
)
$
7,404

 
$
(39,949
)
$
(48,061
)
$
8,112

Other Operations NOI
(1,329
)
(165
)
(1,164
)
 
(5,056
)
(3,140
)
(1,916
)
Other Development NOI
(1,803
)
(3,283
)
1,480

 
(9,378
)
(16,296
)
6,918

 
$
(12,868
)
$
(20,588
)
$
7,720

 
$
(54,383
)
$
(67,497
)
$
13,114

Deferred gain (1)

660

(660
)
 
4,618

1,980

2,638

Total
$
(12,868
)
$
(19,928
)
$
7,060

 
$
(49,765
)
$
(65,517
)
$
15,752


Year-to-Date and Annual Historical Trends
GAAP reconciliations for previous periods can be found in prior supplemental packages furnished to the SEC and are available on our website at www.forestcity.net.
 
Nine Months Ended
 
Years Ended
 
September 30, 2018
 
December 31, 2017
December 31, 2016
 
(in thousands)
Corporate General and Administrative
$
(39,949
)
 
$
(64,788
)
$
(63,343
)
Other Operations NOI
(5,056
)
 
(3,203
)
(1,593
)
Other Development NOI
(9,378
)
 
(18,611
)
(33,391
)
 
$
(54,383
)
 
$
(86,602
)
$
(98,327
)
Deferred gain (1)
4,618

 
2,639

660

Ballston Quarter development fee

 

5,500

Total
$
(49,765
)
 
$
(83,963
)
$
(92,167
)

(1)
Deferred gain relates to a 2016 leaseback transaction at Terminal Tower, the Company’s former headquarters in Cleveland, Ohio. Upon vacating these premises in March 2018, the remaining deferred gain was recorded as a reduction to rent expense in accordance with GAAP.



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