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SEC Filings

10-Q
FOREST CITY REALTY TRUST, INC. filed this Form 10-Q on 10/30/2018
Entire Document
 

(1)
The following table presents the increases (decreases) in revenues, operating expenses and equity in earnings (loss) for properties in lease-up or recently stabilized but not comparable and other consolidated non-comparable properties:
 
 
Three Months Ended September 30, 2018 vs. 2017
Property
Quarter Opened
Revenues
Operating Expenses
Equity in Earnings (Loss)
Operations
 
 
 
 
Office:
 
 
 
 
Property recently stabilized:
 
 
 
 
1812 Ashland Ave
Q2-16
$
1,167

$
439

$

Non-comparable property:
 
 
 
 
26 Landsdowne Street (i)
282

246


Total Office
$
1,449

$
685

$

 
 
 
 
 
Apartments:
 
 
 
 
Properties recently stabilized:
 
 
 
 
Blossom Plaza
Q2-16
$
1,477

$
932

$

Kapolei Lofts (ii)
Q3-15/Q3-16
1,254

657


The Bixby
Q3-16/Q2-17


110

The Yards - Arris
Q1-16
2,781

1,152


Total Apartments
$
5,512

$
2,741

$
110

 
 
 
 
 
Retail:
 
 
 
 
Property recently stabilized:
 
 
 
 
The Yards - District Winery
Q3-17
$
360

$
183

$

Total Retail
$
360

$
183

$

 
 
 
 
 
Development
 
 
 
 
Properties in lease-up:
 
 
 
 
535 Carlton
Q1-17/Q2-17
$

$

$
255

461 Dean Street (iii)
Q3-16/Q1-17
(1,176
)
(941
)

38 Sixth Ave
Q3-17/Q4-17


27

Ardan
Q2-18/Q3-18
(15
)
514


Axis
Q3-17/Q2-18
1,100

1,438


Eliot on 4th
Q1-17/Q3-17
2,107

240


Mint Town Center
Q4-17/Q2-18
529

614


NorthxNorthwest
Q4-16/Q1-17
1,063

71


The Bridge at Cornell Tech
Q2-17
477

251


VYV
Q3-17


253

Non-comparable property:
 
 
 
 
Ballston Quarter


865

Transfers from development (2017) to operations (2018):
 
 
 
 
1812 Ashland Ave
Q2-16
(1,364
)
(405
)

Blossom Plaza
Q2-16
(1,329
)
(829
)

Kapolei Lofts (ii)
Q3-15/Q3-16
(2,472
)
(712
)

The Bixby
Q3-16/Q2-17


(56
)
The Yards - Arris
Q1-16
(2,360
)
(815
)

The Yards - District Winery
Q3-17
(129
)
(2
)

Total Development
$
(3,569
)
$
(576
)
$
1,344

(i)
26 Landsdowne Street, an office building in Cambridge, Massachusetts, is classified as a non-comparable property due to its redevelopment, which began in Q3 2017. The redevelopment is complete with occupancy starting in Q3-2018.
(ii)
Kapolei Lofts, an apartment community in Kapolei, Hawaii, was sold in Q3-2018.
(iii)
461 Dean Street, an apartment community in Brooklyn, New York, was sold in Q1-2018.

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