| Date | Title | | 11/15/18 | Forest City Stockholders Approve Acquisition by Brookfield Fund| CLEVELAND, Nov. 15, 2018 /PRNewswire/ -- Forest City Realty Trust, Inc. ("Forest City") (NYSE: FCEA) today announced that its stockholders approved the acquisition of Forest City by a real estate investment fund of Brookfield Asset Management Inc. ("Brookfield") (NYSE: BAM) (TSX: BAM.A) (Euronext: BAMA) at its special meeting of stockholders held today, pursuant to the merger agreement dated July 30, 2018.
With the approval by Forest City stockholders, Forest ... |
| | 10/30/18 | Forest City Reports 2018 Third-Quarter and Year-to-Date Results| - Q3 Net earnings: $447.2 million ($1.63 per share) vs. $5.5 million ($0.02 per share) Q3 2017
- Q3 FFO: $98.8 million ($0.36 per share) vs. $112.6 million ($0.42 per share) Q3 2017
- Q3 Operating FFO: $102.1 million ($0.38 per share) vs. $110.1 million ($0.41 per share) Q3 2017
- Q3 Comp NOI up 1.7 percent, with office up 2.1 percent and apartments up 1.1 percent
- Adjusted EBITDA margins up 490 basis points vs. yearend 2016 benchmark, on a rolling 12-month basis
- Q3 Net Debt to... |
| | 10/12/18 | Forest City Announces Redemption of Remaining 3.625% Convertible Senior Notes due 2020| CLEVELAND, Oct. 12, 2018 /PRNewswire/ -- Forest City Realty Trust, Inc. (NYSE: FCEA) today announced that it has provided notice of its intention to redeem all of its outstanding 3.625% Convertible Senior Notes due 2020 (the "Notes"). Approximately $32.0 million aggregate principal amount of the Notes is currently outstanding.
The redemption is in accordance with the terms of the Indenture, dated as of July 19, 2013, as supplemented by the First Supplemental I... |
| | 09/17/18 | Three Forest City apartment communities earn ENERGY STAR certification| CLEVELAND, Sept. 17, 2018 /PRNewswire/ -- Forest City Realty Trust, Inc. (NYSE: FCEA) announced today that three of the company's multifamily properties – Blossom Plaza in Los Angeles, One Franklin Town in Philadelphia and Radian in Boston – recently earned ENERGY STAR certification.
"We're honored to earn ENERGY STAR recognition for superior energy performance at these apartment communities and appreciate the efforts of everyone involved in their efficient ope... |
| | 08/22/18 | Forest City earns LEED, Green Lease Leader and ENERGY STAR recognitions| Company earns accolades for sustainable properties, processes and headquarters
CLEVELAND, Aug. 22, 2018 /PRNewswire/ -- Forest City Realty Trust, Inc. (NYSE: FCEA) today announced three significant sustainability recognitions from prominent organizations. Along with other real estate companies committed to green development and management, Forest City was named a:
LEED Power Builder by the U.S. Green Building Council
Green Lease Leader by The Institute for Market Transformation (I... |
| | 08/02/18 | Forest City Reports 2018 Second-Quarter and Year-to-Date Results| - Q2 Net earnings: $68.5 million ($0.25 per share) vs. $56.8 million ($0.22 per share) Q2 2017
- Q2 FFO: $99.7 million ($0.37 per share) vs. $103.5 million ($0.39 per share) Q2 2017
- Q2 Operating FFO: $98.3 million ($0.36 per share) vs. $105.5 million ($0.40 per share) Q2 2017
- Q2 Comp NOI up 2.6 percent, with apartments up 5.2 percent and office up 0.8 percent
- Adjusted EBITDA margins up 480 basis points vs. yearend 2016 benchmark, on a rolling 12-month basis
- Net Debt to Adj... |
| | 07/31/18 | Brookfield and Forest City Announce Acquisition Agreement| Brookfield Fund to Acquire Forest City for $25.35 per share in $11.4 Billion TransactionPortfolio Includes 18,500 Multifamily Units and 10.8 Million Square Feet of Prime Office, Life Science and Retail Space in Major Cities in the U.S.NEW YORK and CLEVELAND, July 31, 2018 (GLOBE NEWSWIRE) -- Brookfield Asset Management Inc. (“Brookfield”) (NYSE:BAM) (TSX:BAM.A) (Euronext:BAMA) and Forest City Realty Trust, Inc. (“Forest City”) (NYSE:FCEA) today announced that they have entered into a definitive ... |
| | 07/24/18 | Forest City Realty Trust Notice of Second-Quarter Earnings and Conference Call| CLEVELAND, July 24, 2018 /PRNewswire/ -- Forest City Realty Trust, Inc., (NYSE:FCEA) will release its second-quarter financial results on Thursday, August 2, 2018, after the NYSE close, and will hold a conference call with investors on Friday, August 3, 2018 at 10:00 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 call is scheduled for 10... |
| | 06/28/18 | Forest City, Greenland Close Restructuring of Pacific Park Brooklyn Partnership| CLEVELAND, June 28, 2018 /PRNewswire/ -- Forest City Realty Trust, Inc. (NYSE: FCEA) today announced that it has completed the previously announced restructuring of Greenland Forest City Partners, the company's joint venture with Greenland USA that is developing Pacific Park Brooklyn, a 22-acre mixed-use development in Brooklyn adjacent to the Barclays Center arena. The restructuring takes Greenland USA's ownership interest in the venture from 70 percent to 95 percent going forward, and Forest C... |
| | 06/27/18 | Forest City joint venture acquires partner's interest in DKLB BKLN apartment community| CLEVELAND, June 27, 2018 /PRNewswire/ -- Forest City Realty Trust, Inc. (NYSE: FCEA) today announced that a joint venture between the company and Madison International Realty has closed the acquisition of Forest City's partner's 49 percent interest in DKLB BKLN, a 365-unit apartment community located at 80 DeKalb Avenue in Brooklyn, New York. Forest City, which owns the remaining 51 percent interest, developed the property in partnership with a comingled fund managed by National Real Estate Advi... |
| | 06/26/18 | Forest City publishes sixth annual corporate responsibility report| Highlights global recognition for gender equality, greenhouse gas reduction and energy management
CLEVELAND, June 26, 2018 /PRNewswire/ -- Forest City Realty Trust, Inc. (NYSE: FCEA) today announced the release of its 2017 corporate responsibility (CR) report. The report is Forest City's sixth annual, and includes updates on the company's strategic focus and execution on environmental, social and governance (ESG) matters.
"As a focused urban placemaker, Fo... |
| | 06/19/18 | Forest City to Webcast 2018 Annual Meeting of Stockholders| CLEVELAND, June 19, 2018 /PRNewswire/ -- Forest City Realty Trust, Inc., (NYSE: FCEA) today announced that it will webcast its 2018 Annual Meeting of Stockholders beginning at 3:30 p.m. Eastern Time on Tuesday, June 26, 2018. The meeting will be held in the offices of Thompson Hine, LLP, Key Tower, 39th Floor, 127 Public Square in downtown Cleveland.
The audio-only webcast of the formal business meeting can be accessed by visiting the main Investors page of... |
| | 06/11/18 | Forest City announces adjustment of conversion rates for 4.25% Convertible Senior Notes due 2018 and 3.625% Convertible Senior Notes due 2020| CLEVELAND, June 11, 2018 /PRNewswire/ -- Forest City Realty Trust, Inc. (NYSE: FCEA) today announced adjustments to the conversion rates for the company's 4.25% Convertible Senior Notes due 2018 and 3.625% Convertible Senior Notes due 2020 (the "Notes"). The conversion rate adjustments are being made pursuant to the indentures governing the Notes as a result of the cumulative impact of the company's previously announced first quarter and second quarter 2018 common stock cash dividends of $0.18 p... |
| | 05/16/18 | Forest City becomes second U.S. REIT to set approved science-based targets to reduce greenhouse gas emissions| First U.S. real estate company overall to set approved target for scope 3 emissions
CLEVELAND, May 16, 2018 /PRNewswire/ -- Forest City Realty Trust, Inc. (NYSE: FCEA) today announced that the company has become the second U.S.-based real estate investment trust (REIT) to set a greenhouse gas emissions target approved by the Science Based Targets initiative (SBTi).
The company has set targets for reducing directly managed greenhouse gas emissions from its ... |
| | 05/15/18 | Forest City board declares quarterly dividend| CLEVELAND, May 15, 2018 /PRNewswire/ -- Forest City Realty Trust, Inc. (NYSE: FCEA) announced today that its board of directors has declared a second-quarter 2018 cash dividend of $0.18 per share of common stock, payable on June 22, 2018, to holders of record of common stock as of the close of business on June 8, 2018.
Given the cumulative effect of prior distributions to stockholders, the second-quarter dividend is expected to require the company to adjust... |
| | 05/10/18 | New Life for Pier 70 Historic Shipyard as Construction Begins on Expansive Waterfront District| City and Community Celebrate the Transformation of One of the Nation's Most Unique Development Sites
CLEVELAND and SAN FRANCISCO, May 10, 2018 /PRNewswire/ -- For decades, most of San Francisco's historic Pier 70 has sat idle and inaccessible to the public, a mix of vacant land, deteriorating buildings, storage and staging areas. Now, there is new life for Pier 70. At a groundbreaking ceremony today, Mayor Mark Farrell, Supervisor Malia Cohen and members of the Port of San Francisco... |
| | 05/04/18 | REMINDER: Forest City Realty Trust 2018 First-Quarter Earnings Conference Call| CLEVELAND, May 4, 2018 /PRNewswire/ -- Forest City Realty Trust, Inc., (NYSE: FCEA) has released its first-quarter 2018 financial results and will hold a conference call today, Friday, May 4, 2018 at 10:00 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 of the company's websi... |
| | 05/03/18 | Forest City Reports 2018 First-Quarter Results| - Net earnings: $199.7 million ($0.73 per share) vs. $40.9 million ($0.16 per share) Q1 2017
- FFO: $81.3 million ($0.30 per share) vs. $92.3 million ($0.35 per share) Q1 2017
- Operating FFO: $96.7 million ($0.36 per share) vs. $94.5 million ($0.36 per share) Q1 2017
- Adjusted EBITDA margins increase 410 basis points vs. yearend 2016 benchmark
- Net Debt to Adjusted EBITDA ratio improves to 7.0 times
- First tranche of regional mall divestitures completed
- Reconstituted boar... |
| | 04/26/18 | Forest City joint venture acquires interests in five assets at University Park at MIT mixed-use life science campus| CLEVELAND, April 26, 2018 /PRNewswire/ -- Forest City Realty Trust, Inc. (NYSE: FCEA) today announced that a joint venture between the company and Madison International Realty has closed the acquisition of the interest of Forest City's partner in three office buildings, a parking facility and a 50,000-square-foot commercial space at University Park at MIT in Cambridge, MA.
The transaction values the partner's share of the assets at a total of $302 million, ... |
| | 04/19/18 | Forest City Realty Trust Notice of First-Quarter Earnings and Conference Call| CLEVELAND, April 19, 2018 /PRNewswire/ -- Forest City Realty Trust, Inc., (NYSE: FCEA) will release its first-quarter financial results on Thursday, May 3, 2018, after the NYSE close, and will hold a conference call with investors on Friday, May 4, 2018 at 10:00 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 call is scheduled for 10:00 A... |
| | 04/18/18 | Forest 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... |
| | 04/16/18 | Forest 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... |
| | 04/04/18 | Forest 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... |
| | 04/04/18 | Forest 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... |
| | 03/28/18 | Forest 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.
... |
| | 03/22/18 | Forest 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... |
| | 03/21/18 | Forest 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.
... |
| | 02/22/18 | Forest 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... |
| | 02/22/18 | Forest 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.... |
| | 02/16/18 | Forest 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... |
| | 02/08/18 | REMINDER: 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 ... |
| | 02/08/18 | Forest 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: ... |
| | 01/24/18 | Forest 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)
... |
| | 01/23/18 | Forest 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... |
| | 01/22/18 | Forest 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... |
| | 01/15/18 | Forest 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... |
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