2018 News Releases
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DateTitle
04/18/18Forest City's Tata Innovation Center at Cornell Tech wins ULI New York award for excellence
CLEVELAND, April 18, 2018 /PRNewswire/ -- Forest City Realty Trust, Inc. (NYSE: FCEA) today announced that the company has received the Urban Land Institute (ULI) New York's Award for Excellence in Office Development for the Tata Innovation Center at Cornell Tech, located on Roosevelt Island in New York City. ULI's Awards for Excellence recognize outstanding development projects in the private, public, and nonprofit sectors that best exemplify commitments to responsible land use and creating sus... 
04/16/18Forest City Seats New Independent Directors
Follows Company's Previous Announcement to Substantially Refresh Board New Independent Directors Further Strengthen and Diversify Board, Bringing Industry Expertise and Fresh Perspectives CLEVELAND, April 16, 2018 /PRNewswire/ -- Forest City Realty Trust, Inc. (NYSE: FCEA) ("Forest City" or the "Company") today announced that its Board of Directors has appointed Michelle Felman, Jerome J. Lande, Adam S. Metz, Gavin Molinelli, Marran H. Ogilvie, Mark S. Ordan, William R. "Butch" Roberts and... 
04/04/18Forest City earns 2018 ENERGY STAR Partner of the Year award
CLEVELAND, April 4, 2018 /PRNewswire/ -- Forest City Realty Trust, Inc. (NYSE: FCEA) today announced that the company has received the 2018 ENERGY STAR Partner of the Year Award for outstanding efforts in energy management. Forest City's accomplishments will be recognized by the U.S. Environmental Protection Agency and the U.S. Department of Energy at a ceremony in Washington, D.C. on April 20, 2018. "Our strategic focus on environmental, social and governanc... 
04/04/18Forest City completes first phase of mall divestitures to QIC
CLEVELAND, April 4, 2018 /PRNewswire/ -- Forest City Realty Trust, Inc. (NYSE: FCEA) today announced the closing of the sale of its interest in Westchester's Ridge Hill, a 1.2 million-square-foot, open-air regional lifestyle center in Yonkers, NY; The Shops at Wiregrass, a 748,000-square-foot outdoor lifestyle village in Wesley Chapel, FL; and Bass Pro Shops Outdoor World at Victoria Gardens in Rancho Cucamonga, CA.  The sale of the two lifestyle centers mar... 
03/28/18Forest City closes sale of 461 Dean Street apartment property
CLEVELAND, March 28, 2018 /PRNewswire/ -- Forest City Realty Trust, Inc. (NYSE: FCEA) today announced that it has completed the sale of 461 Dean Street, a 363-unit apartment community in Brooklyn, New York, to an international real estate manager.  The selling price was $156 million, reflecting a cap rate of approximately 4.5 percent on estimated 2018 net operating income. The sale is expected to generate net proceeds to Forest City of approximately $150 million.  ... 
03/22/18Forest City Announces Conclusion of Strategic Review Process and Substantial Board Refreshment
Issues Letter to Stockholders Regarding Conclusion of Strategic Review Process and Determination to Continue to Pursue Standalone Plan Board to be Reconstituted with Majority New Independent Directors Authorizes Increase in Share Repurchase Program to $400 Million CLEVELAND, March 22, 2018 /PRNewswire/ -- Forest City Realty Trust, Inc. (NYSE: FCEA) ("Forest City" or the "Company") announced today that its Board of Directors concluded its previously announced review of strategic alternat... 
03/21/18Forest City Further Extends Nomination Window for 2018 Annual Meeting of Stockholders
CLEVELAND, March 21, 2018 /PRNewswire/ -- Forest City Realty Trust, Inc. (NYSE: FCEA) ("Forest City" or the "Company") today issued the following statement: The Board of Directors has extended the window by which the Company must receive proper written advance notice of the nomination of director candidates at its 2018 Annual Meeting of Stockholders. The nomination window, which commenced on December 3, 2017, will now extend to 5:00 p.m. Eastern Time on March 28, 2018. ... 
02/22/18Forest City Further Extends Nomination Window for 2018 Annual Meeting of Stockholders to Conclude the Strategic Review Process
CLEVELAND, Feb. 22, 2018 /PRNewswire/ -- Forest City Realty Trust, Inc. (NYSE: FCEA) ("Forest City" or the "Company") today issued the following statement: As the Board of Directors' previously announced process to review operating, strategic, financial and structural options to enhance stockholder value remains ongoing, the Board has extended the window by which the Company must receive proper written advance notice of the nomination of a director candidate at its 2018 Annual Meeting of Stoc... 
02/22/18Forest City board declares increased quarterly dividend
CLEVELAND, Feb. 22, 2018 /PRNewswire/ -- Forest City Realty Trust, Inc. (NYSE: FCEA) announced today that its board of directors has declared a first-quarter 2018 cash dividend of $0.18 per share of common stock, payable on March 16, 2018, to holders of record of common stock as of the close of business on March 5, 2018.  About Forest City Forest City Realty Trust, Inc. is an NYSE-listed national real estate company with $8.1 billion in consolidated assets.... 
02/16/18Forest City closes sale of The Mall at Robinson to QIC
CLEVELAND, Feb. 16, 2018 /PRNewswire/ -- Forest City Realty Trust, Inc. (NYSE: FCEA) today announced the closing of the sale of its interest in The Mall at Robinson, a 900,000-square-foot regional mall in Pittsburgh, PA, to QIC.  The sale is the fourth mall divestiture for Forest City to close as part of a previously announced 10-mall portfolio transaction with QIC. Sales of Forest City's interest in two additional malls to QIC are expected to close in early... 
02/08/18REMINDER: Forest City Realty Trust 2017 Fourth-Quarter and Year-End Earnings Conference Call
CLEVELAND, Feb. 8, 2018 /PRNewswire/ -- Forest City Realty Trust, Inc., (NYSE: FCEA) has released its fourth-quarter and year-end 2017 financial results and will hold a conference call tomorrow, Friday, February 9, 2018 at 9:30 a.m. ET to discuss these results. Investors are invited to dial into the conference call hosted by David J. LaRue, president and chief executive officer.  A live webcast of the call will be available online through the Investors page ... 
02/08/18Forest City Reports 2017 Fourth-Quarter and Yearend Results
- 2017 net earnings: $206.0 million ($0.78 per share) vs. loss of 158.4 million ($0.61 per share) 2016 - 2017 FFO: $422.1 million ($1.58 per share) vs. $241.7 million ($0.92 per share) 2016 - 2017 Operating FFO: $412.8 million ($1.54 per share) vs. $386.5 million ($1.46 per share) 2016 - 2017 overall Comp NOI up 3.1 percent (up 6.1 percent in Q4) - Net debt to adjusted EBITDA ratio improves to 7.4 times CLEVELAND, Feb. 8, 2018 /PRNewswire/ -- Forest City Realty Trust, Inc. (NYSE: ... 
01/24/18Forest City announces 2017 dividend income tax treatment
CLEVELAND , Jan. 24, 2018 /PRNewswire/ -- Forest City Realty Trust, Inc. , (NYSE: FCEA) today announced the tax treatment of the company's 2017 dividends.  The income allocations as they will be reported on Form 1099-DIV are shown in the table below: Class A Common Stock (CUSIP 345605109) ... 
01/23/18Forest City Realty Trust Notice of Fourth-Quarter and Year-end 2017 Earnings and Conference Call
CLEVELAND, Jan. 23, 2018 /PRNewswire/ -- Forest City Realty Trust, Inc., (NYSE: FCEA) will release its fourth-quarter and year-end 2017 financial results on Thursday, February 8, 2018, after the NYSE close, and will hold a conference call with investors on Friday, February 9, 2018 at 9:30 a.m. ET, to discuss these results. Investors are invited to dial into the conference call hosted by David J. LaRue, president and chief executive officer. The conference cal... 
01/22/18Forest City closes sale of Antelope Valley Mall to QIC
CLEVELAND, Jan. 22, 2018 /PRNewswire/ -- Forest City Realty Trust, Inc. (NYSE: FCEA) today announced the closing of the sale of its interest in Antelope Valley Mall, a 1.2 million-square-foot regional mall in Palmdale, CA, to QIC.  The sale is the third mall divestiture for Forest City to close as part of a previously announced 10-mall portfolio transaction with QIC. Sales of Forest City's interest in three additional malls to QIC are expected to close in ea... 
01/15/18Forest City and Greenland Reach Agreement to Restructure Pacific Park Brooklyn Partnership
Next Round of Development Moving Forward CLEVELAND and BROOKLYN, Jan. 15, 2018 /PRNewswire/ -- Greenland USA and Forest City Realty Trust, Inc. (NYSE: FCEA) today announced that they have reached an agreement on the restructuring of Greenland Forest City Partners, the joint venture that is developing Pacific Park Brooklyn, a new 22-acre mixed-use development adjacent to the Barclays Center. The restructuring takes Greenland USA's ownership interest in the venture from 70 percent to 95 percent...