|Bid||0.00 x 3100|
|Ask||0.00 x 1200|
|Day's Range||19.50 - 19.76|
|52 Week Range||19.24 - 26.30|
|PE Ratio (TTM)||25.31|
|Forward Dividend & Yield||0.72 (3.58%)|
|1y Target Est||26.00|
CLEVELAND, May 16, 2018 /PRNewswire/ -- Forest City Realty Trust, Inc. (FCE-A) 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 operating portfolio (scope 1 and 2) by 27.5 percent by 2025 from a 2016 baseline, along with a 33 percent reduction in emissions from sources such as tenant and resident spaces and construction activity (scope 3).
The entire complex is 1.5 million square feet and is one of the largest urban malls in the country, with over 170 retailers.
Given the cumulative effect of prior distributions to stockholders, the second-quarter dividend is expected to require the company to adjust the conversion rates applicable to its 4.25% Convertible Senior Notes due 2018 and 3.625% Convertible Senior Notes due 2020 in excess of 1 percent, pursuant to the Indentures governing those notes. Forest City Realty Trust, Inc. is an NYSE-listed national real estate company with $8.0 billion in consolidated assets. The company is principally engaged in the ownership, development, management and acquisition of office, apartment and retail real estate throughout the United States.
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, developer Forest City Realty Trust (FCE-A) and the Dogpatch community celebrated the start of construction on an expansive 28-acre waterfront neighborhood with new housing, waterfront parks, space for artists and local manufacturing, and rehabilitated historic buildings.
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 ...
- 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 ...
The office buildings, 300 Massachusetts Avenue, 350 Massachusetts Avenue and 38 Sidney Street, comprise a total of approximately 486,000 square feet of life science office space. The 975-space parking facility and the commercial space adjoin the Le Meridian Cambridge-MIT hotel. "University Park at MIT is one of the most productive assets in our portfolio, making the opportunity to acquire our partner's interest compelling," said David J. LaRue, Forest City president and chief executive officer.
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 ...
CLEVELAND, April 18, 2018 /PRNewswire/ -- Forest City Realty Trust, Inc. (FCE-A) 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.
CLEVELAND, April 16, 2018 /PRNewswire/ -- Forest City Realty Trust, Inc. (FCE-A) ("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 Robert A. Schriesheim as new independent directors. All of the appointments are effective as of today, April 16, 2018.
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 ...
The sale of the two lifestyle centers mark the fifth and sixth mall divestitures, respectively, to close as part of Forest City's previously announced 10-mall portfolio transaction with QIC. The remaining four malls in the portfolio are expected to be transferred to QIC under a fixed-price option and to close as Forest City secures replacement assets or other opportunities into which it will redeploy its ownership stake in those malls.
CLEVELAND, March 28, 2018 /PRNewswire/ -- Forest City Realty Trust, Inc. (FCE-A) 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. "We're pleased with this transaction, which achieved attractive pricing for this recently stabilized asset, and enables the company to generate significant liquidity to further our deleveraging efforts and other strategic uses," said David J. LaRue, Forest City president and chief executive officer. The asset was 100% owned by Forest City and was not part of the joint venture with Greenland USA that is continuing the development of the Pacific Park Brooklyn mixed-use project.
The Cleveland-based developer, parent of Forest City Washington, was being driven to do something to drive up shareholder value. But negotiations with a potential buyer did not end with a deal.
NEW YORK , March 23, 2018 /PRNewswire/ -- Starboard Value LP (together with its affiliates, "Starboard"), which currently owns approximately 3.0% of the outstanding shares of Forest City Realty ...
Forest City Realty Trust Inc will not sell itself after completing a strategic review, and has agreed with three activist investors to have nine directors resign and largely be replaced by independent nominees, it said on Thursday. Investors Starboard Value and Scopia Capital Management will each appoint one director, while RMS, Ltd will nominate two, Forest City said in a statement. During the strategic review, which began in September, Forest City reached out to more than 50 potential acquirers and entered into exclusive talks with a large financial institution, but the talks broke down over price and closing conditions, the company said.
CLEVELAND, March 22, 2018 /PRNewswire/ -- Forest City Realty Trust, Inc. (FCE-A) ("Forest City" or the "Company") announced today that its Board of Directors concluded its previously announced review of strategic alternatives. After extensive evaluation and deliberation, including review and analysis of multiple offers, the Board has determined that stockholder value would be better enhanced on a standalone basis than by pursuing a transaction on the terms and pricing indicated by the offers received.
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 ...
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 Stockholders. The date and location of the 2018 Annual Meeting of Stockholders has yet to be announced. The Company does not intend to comment further on the progress or status of the review process unless the Company determines that further disclosure is appropriate or required by law.
Forest City Realty Trust, Inc. is an NYSE-listed national real estate company with $8.1 billion in consolidated assets. The company is principally engaged in the ownership, development, management and acquisition of office, apartment and retail real estate throughout the United States. Statements made in this news release that state the company's or management's intentions, hopes, beliefs, expectations or predictions of the future are forward-looking statements.