Print Page      Close Window     

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


Reconciliation of NOI to Operating FFO
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2018
2017
 
2018
2017
 
(in thousands)
NOI attributable to Forest City Realty Trust, Inc.
$
146,117

$
156,563

 
$
433,957

$
468,533

Land sales
18,836

36,191

 
47,248

82,374

Other land development revenues
3,217

1,753

 
9,044

4,818

Cost of land sales
(12,793
)
(27,477
)
 
(31,381
)
(60,064
)
Other land development expenses
(2,206
)
(2,742
)
 
(6,545
)
(7,006
)
Corporate general and administrative expenses
(9,736
)
(16,480
)
 
(35,331
)
(46,081
)
Interest and other income
12,991

21,964

 
36,170

43,136

Interest expense
(43,236
)
(50,836
)
 
(129,734
)
(147,524
)
Amortization of mortgage procurement costs
(1,520
)
(1,807
)
 
(4,563
)
(5,548
)
Non-real estate depreciation and amortization
(985
)
(687
)
 
(2,653
)
(2,078
)
Tax credit income
(3,430
)
(3,916
)
 
(10,854
)
(9,128
)
Change in fair market value of nondesignated hedges
(613
)
416

 
(3,162
)
(1,387
)
Straight-line rent adjustments
(4,569
)
(2,797
)
 
(12,752
)
(9,732
)
Participation payments
26


 
1,160


Net gain (loss) on sale of development project


 
6,512

(113
)
Operating FFO attributable to Forest City Realty Trust, Inc.
$
102,099

$
110,145

 
$
297,116

$
310,200


20