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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
Appendix


The interest expense and capital expenditure information shown below is for all of our consolidated investments. See the following pages in the appendix for further information on noncontrolling interest share of these items plus our share of our unconsolidated investments’ interest expense and capital expenditures.
Interest Expense – The following table summarizes interest incurred, capitalized and paid on all forms of debt.
 
 
 
 
 
 
 
 
Three Months Ended September 30, 2018
Three Months Ended September 30, 2017
 
Full Consolidation (GAAP)
Noncontrolling Interest
Company Share of Unconsolidated Entities
Full Consolidation (GAAP)
Noncontrolling Interest
Company Share of Unconsolidated Entities
 
(in thousands)
Amortization and mark-to-market adjustments of derivative instruments
$
(181
)
$
4

$

$
958

$
19

$
9

Interest incurred
35,901

6,233

17,992

36,001

4,851

26,169

Interest capitalized
(4,838
)
(1,243
)
(644
)
(5,362
)
(285
)
(2,354
)
Net interest expense
$
30,882

$
4,994

$
17,348

$
31,597

$
4,585

$
23,824

 
Nine Months Ended September 30, 2018
Nine Months Ended September 30, 2017
 
Full Consolidation (GAAP)
Noncontrolling Interest
Company Share of Unconsolidated Entities
Full Consolidation (GAAP)
Noncontrolling Interest
Company Share of Unconsolidated Entities
 
(in thousands)
Amortization and mark-to-market adjustments of derivative instruments
$
(1,791
)
$
40

$

$
131

$
32

$
9

Interest incurred
105,852

18,640

61,998

104,952

13,540

78,916

Interest capitalized
(17,212
)
(3,380
)
(3,813
)
(16,610
)
(1,453
)
(7,755
)
Net interest expense
$
86,849

$
15,300

$
58,185

$
88,473

$
12,119

$
71,170



Capital Expenditures for our Operating Portfolio – Our diversified real estate portfolio requires capital expenditures, including tenant improvements, to maintain and improve its operating performance. The following table represents our capital expenditures by segment:
 
Nine Months Ended September 30, 2018
Nine Months Ended September 30, 2017
 
Full Consolidation (GAAP)
Noncontrolling Interest
Company Share of Unconsolidated Entities
Full Consolidation (GAAP)
Noncontrolling Interest
Company Share of Unconsolidated Entities
 
(in thousands)
Operating properties:
 
 
 
 
 
 
Office Segment
$
21,816

$
161

$
465

$
15,246

$
857

$
441

Apartment Segment
17,243

1,390

6,373

19,370

2,208

13,717

Retail Segment
1,054


3,960

475


11,435

Total operating properties
40,113

1,551

10,798

35,091

3,065

25,593

Corporate Segment
922



2,372



Tenant improvements:
 
 
 
 
 
 
Office Segment
19,591

575

279

24,886

315

920

Retail Segment
958


4,750

2,598


10,968

Total capital expenditures
$
61,584

$
2,126

$
15,827

$
64,947

$
3,380

$
37,481



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