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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:
 
 
Nine 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
$
3,507

$
1,250

$

Non-comparable property:
 
 
 
 
26 Landsdowne Street (i)
(3,956
)
(451
)

Total Office
$
(449
)
$
799

$

 
 
 
 
 
Apartments:
 
 
 
 
Properties recently stabilized:
 
 
 
 
Blossom Plaza
Q2-16
$
4,445

$
2,533

$

Kapolei Lofts (ii)
Q3-15/Q3-16
7,784

2,527


The Bixby
Q3-16/Q2-17


341

The Yards - Arris
Q1-16
7,753

3,032


Total Apartments
$
19,982

$
8,092

$
341

 
 
 
 
 
Retail:
 
 
 
 
Property recently stabilized:
 
 
 
 
The Yards - District Winery
Q3-17
$
776

$
219

$

Total Retail
$
776

$
219

$

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

$

$
663

461 Dean Street (iii)
Q3-16/Q1-17
4

(2,979
)

38 Sixth Ave
Q3-17/Q4-17


(463
)
Ardan
Q2-18/Q3-18
(14
)
929


Axis
Q3-17/Q2-18
1,924

2,440


Eliot on 4th
Q1-17/Q3-17
5,954

1,144


Mint Town Center
Q4-17/Q2-18
942

1,366


NorthxNorthwest
Q4-16/Q1-17
3,013

143


The Bridge at Cornell Tech
Q2-17
6,065

1,461


VYV
Q3-17


(1,303
)
Non-comparable property:
 
 
 
 
Ballston Quarter


1,428

Transfers from development (2017) to operations (2018):
 
 
 
 
1812 Ashland Ave
Q2-16
(3,665
)
(1,163
)

Blossom Plaza
Q2-16
(3,439
)
(2,447
)

Kapolei Lofts (ii)
Q3-15/Q3-16
(6,564
)
(2,002
)

The Bixby
Q3-16/Q2-17


168

The Yards - Arris
Q1-16
(6,242
)
(2,891
)

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

Total Development
$
(2,151
)
$
(4,001
)
$
493

(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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