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Forest City Realty Trust Inc (FCEa.N)

FCEa.N on New York Stock Exchange

25.14USD
22 Nov 2017
Change (% chg)

$-0.13 (-0.51%)
Prev Close
$25.27
Open
$25.21
Day's High
$25.27
Day's Low
$25.01
Volume
124,971
Avg. Vol
291,821
52-wk High
$26.30
52-wk Low
$18.23

Latest Key Developments (Source: Significant Developments)

Forest City reports 2017 third-quarter results
Thursday, 2 Nov 2017 04:15pm EDT 

Nov 2 (Reuters) - Forest City Realty Trust Inc :Forest City reports 2017 third-quarter and year-to-date results.Q3 FFO per share $0.42.Sees FY 2017 FFO per share $1.50 to $1.55.Q3 operating FFO per share $0.41.Q3 revenue $233.5 million versus $237.5 million.Forest City -‍in quarter, recognized $10.6 million impairment related to Westchester's Ridge Hill, $44.3 million impairment related to 461 dean street in brooklyn​.Forest City Realty Trust Inc - ‍ overall comparable net operating income for three months ended September 30, 2017, increased 3.5 percent​.  Full Article

Forest City and QIC execute definitive agreements for regional mall portfolio
Monday, 2 Oct 2017 09:00am EDT 

Oct 2 (Reuters) - Forest City Realty Trust Inc :Forest City Realty Trust Inc - transaction values 10 regional malls at approximately $3.175 billion, or $1.55 billion at Forest City's share.Forest City Realty Trust - as part of transaction, Forest City is also transferring its retail operating platform, including most personnel, to QIC.Forest City Realty Trust - announced execution of definitive agreements on 10 regional malls in which QIC will acquire Forest City's ownership interest..  Full Article

Forest City and Madison International enter definitive agreement for New York City specialty retail portfolio
Wednesday, 20 Sep 2017 09:00am EDT 

Sept 20 (Reuters) - Forest City Realty Trust Inc :Forest city and Madison International enter definitive agreement for New York City specialty retail portfolio.Forest City Realty Trust Inc - transaction for a gross value of approximately $1.0 billion.Forest City Realty Trust Inc - ‍announced signing of definitive agreements for Madison's acquisition of Forest City's 51 percent interest​.  Full Article

Forest City Realty Trust says ‍board of directors to consider alternatives to "enhance stockholder value​"
Monday, 11 Sep 2017 09:00am EDT 

Sept 11 (Reuters) - Forest City Realty Trust Inc :Forest City Realty Trust Inc - ‍board of directors has commenced a process to consider a broad range of alternatives to "enhance stockholder value​".Forest City Realty Trust - ‍commenced process to consider alternatives including enhanced operating plan, structural alternatives for company's assets​.Forest City Realty Trust - ‍commenced process to consider alternatives including potential merger, acquisition or sale transactions​.  Full Article

Forest City board declares increased quarterly dividend
Tuesday, 22 Aug 2017 04:15pm EDT 

Aug 22 (Reuters) - Forest City Realty Trust Inc :Forest City board declares increased quarterly dividend.Sets quarterly cash dividend of $0.14 per share.  Full Article

Forest City Q2 FFO per share $0.39
Thursday, 3 Aug 2017 04:21pm EDT 

Aug 3 (Reuters) - Forest City Realty Trust Inc :Forest City reports 2017 second-quarter and year-to-date results.Q2 operating FFO per share $0.40.Q2 FFO per share $0.39.Sees FY 2017 FFO per share $1.50 to $1.55.Q2 revenue $236.4 million versus $226 million.Forest City Realty Trust Inc - expect to achieve full-year 2017 operating FFO in range of $1.50 to $1.55 per share.Forest City Realty Trust Inc - expect to recommend to board an increase in dividend for balance of 2017.FY2017 FFO per share view $1.53 -- Thomson Reuters I/B/E/S.  Full Article

Forest City Realty Trust expects cost savings to provide margin improvements by 2018 end
Monday, 10 Jul 2017 07:45am EDT 

July 10 (Reuters) - Forest City Realty Trust Inc :Forest City Realty Trust - identified cost savings expected to provide about 400-500 bps additional margin improvements by year-end 2018 - presentation‍​.  Full Article

Forest City Realty Trust enters MoU to settle class action pending in Maryland
Monday, 15 May 2017 06:54am EDT 

May 15 (Reuters) - Forest City Realty Trust Inc :Forest City Realty Trust - entered MoU relating to proposed settlement of a putative consolidated class action, derivative litigation pending in maryland.Forest City Realty Trust - consolidated class action and derivative litigation was filed challenging proposed reclassification.Forest City Realty Trust - MoU provides for settlement and dismissal of action with prejudice, along with complete release all claims.  Full Article

Forest City Realty Trust Q1 FFO per share $0.35
Thursday, 4 May 2017 04:15pm EDT 

May 4 (Reuters) - Forest City Realty Trust Inc :Forest City reports 2017 first-quarter results.Q1 FFO per share $0.35.Q1 revenue $216 million versus $226.3 million.Q1 FFO per share view $0.39 -- Thomson Reuters I/B/E/S.  Full Article

Land and Buildings Investment Management issued letter to Forest City Realty Trust's shareholders
Tuesday, 25 Apr 2017 09:40am EDT 

April 25 (Reuters) - Land and Buildings Investment Management LLC: :Land and Buildings calls on Forest City Realty Trust to form special committee to evaluate strategic alternatives.Says issued letter to Forest City Realty Trust's shareholders.Says it believes formal strategic review process of Forest City Realty Trust would produce interest from multiple credible buyers.Says special committee for Forest City Realty Trust should retain its own financial advisor to evaluate potential interest.  Full Article

Deals of the day-Mergers and acquisitions

Nov 13 The following bids, mergers, acquisitions and disposals were reported by 1500 GMT on Monday: