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United States

Forest City Realty Trust Inc (FCEa.N)

FCEa.N on New York Stock Exchange

22.39USD
17 Feb 2017
Change (% chg)

$-0.46 (-2.01%)
Prev Close
$22.85
Open
$22.75
Day's High
$22.75
Day's Low
$22.26
Volume
490,206
Avg. Vol
397,209
52-wk High
$24.22
52-wk Low
$17.44

Latest Key Developments (Source: Significant Developments)

Forest City agrees to eliminate dual-class share structure
Tuesday, 6 Dec 2016 09:00am EST 

Forest City Realty Trust Inc - : All of outstanding shares of co's class B common stock would be converted into shares of co's class A common stock . In addition, holders of class B shares will exchange each of their class B shares for 1.31 shares of class A common stock . Says will be seeking shareholder approval of reclassification at company's 2017 annual meeting of shareholders . Also announced that Bruce C. Ratner, who has served as a director since 2007, will also step down from board by year-end . Holders of class B shares will exchange each of their class B shares for 1.31 shares of class A common stock . Charles Ratner will retire from forest city, effective Dec. 31, 2016, and will step down from board at that time . Board will appoint James A. Ratner, to succeed Charles Ratner as non-executive chairman . Intends to fill the two board vacancies with new, independent directors .Forest city enters into agreement to eliminate the company's dual-class share structure; announces board changes and corporate governance enhancements.  Full Article

Forest City Q3 loss per share $1.67
Thursday, 3 Nov 2016 04:15pm EDT 

Forest City Realty Trust Inc : Forest city realty trust inc says third-quarter net loss includes an impairment of non-depreciable real estate of $307.6 million . Forest city realty trust inc says ffo for three months ended september 30, 2016 was a loss of $225.0 million, or $0.87 per share . Q3 FFO per share view $0.37 -- Thomson Reuters I/B/E/S . Forest city reports 2016 third-quarter and year-to-date results . Q3 loss per share $1.67 .Q3 revenue $237.5 million versus $264.4 million.  Full Article

Full Stack Modular has purchased core assets of FC Modular from Forest City Ratner Companies
Thursday, 6 Oct 2016 07:00am EDT 

Forest City Realty Trust Inc : Full Stack Modular has purchased core assets of FC modular from Forest City Ratner Companies . Full Stack Modular to maintain collective bargaining agreement with Building and Construction Trades Council Of New York .Deal includes long-term lease at Brooklyn Navy Yard, all equipment and intellectual property.  Full Article

Forest City reports Q2 operating FFO per share $0.37
Thursday, 4 Aug 2016 04:15pm EDT 

Forest City : Quarter and year-to-date results . Q2 revenue $226 million versus $232.7 million . Q2 FFO per share $0.36 .Q2 operating FFO per share $0.37.  Full Article

Scopia Capital reports 7.4 pct stake in Forest City Realty
Monday, 6 Jun 2016 09:02am EDT 

Forest City Realty Trust Inc : Scopia Capital Management Lp Reports 7.4 Pct Stake In Forest City Realty Trust Inc As Of June 2 - Sec filing . Scopia capital management lp says reported 7.4 percent stake in forest city realty trust inc is class a common shares .Scopia capital management lp says acquired shares of forest city realty trust in belief that shares of class a common stock are undervalued.  Full Article

Forest City Realty Trust, Inc announces cash repurchases of $153.6 mln of Senior Notes
Wednesday, 9 Mar 2016 08:30am EST 

Forest City Realty Trust, Inc:Announces cash repurchases of $153.6 million of senior notes.Forest city realty - will repurchase approximately $77.3 million aggregate principal amount of its 4.25% convertible senior notes due 2018.Forest city realty - will repurchase approximately $76.3 million aggregate principal amount of 3.625% convertible senior notes due 2020.  Full Article

More From Around the Web

Activist hedge fund urges Forest City to explore options

Activist hedge fund Land and Buildings Investment Management LLC has urged real estate company Forest City Realty Trust Inc to explore "strategic options".