Last $21.56 USD
Change Today +0.03 / 0.14%
Volume 619.3K
As of 8:04 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

forest city enterprises-cl a (FCE/A) Snapshot

Open
$21.59
Previous Close
$21.53
Day High
$21.66
Day Low
$21.43
52 Week High
11/18/14 - $21.90
52 Week Low
01/31/14 - $17.53
Market Cap
4.3B
Average Volume 10 Days
1.9M
EPS TTM
$0.16
Shares Outstanding
181.8M
EX-Date
12/16/08
P/E TM
132.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for FOREST CITY ENTERPRISES-CL A (FCE/A)

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forest city enterprises-cl a (FCE/A) Details

Forest City Enterprises, Inc. acquires, owns, develops, and manages commercial and residential real estate and land in the United States. The company operates through three strategic business units: Commercial Group, Residential Group, and Land Development Group. The Commercial Group strategic business unit acquires, owns, develops, and operates regional malls, specialty and urban retail centers, office and life science buildings, and mixed-use projects, as well as operates Barclays Center, a sports and entertainment arena located in Brooklyn, New York. As of December 31, 2013, it owned interests in 83 completed rental properties, including 42 office properties, 16 regional malls, and 25 specialty retail centers. The Residential Group strategic business unit acquires, owns, develops, leases, and operates residential rental properties, including upscale urban properties, middle-market apartments, and adaptive re-use developments, as well as develops and manages military family housing. As of the above date, its operating portfolio consisted of 32,907 apartment units in 117 properties; and 14,104 military housing units under management in various stages of operations and/or redevelopment, as well as 6 apartment communities under construction. The Land Development Group strategic business unit acquires and sells both land and developed lots to residential, commercial, and industrial customers. Forest City Enterprises, Inc. was founded in 1920 and is headquartered in Cleveland, Ohio.

2,547 Employees
Last Reported Date: 02/27/14
Founded in 1920

forest city enterprises-cl a (FCE/A) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $553.8K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $507.7K
Executive Vice President, Chairman of Forest ...
Total Annual Compensation: $461.5K
Executive Vice President, Director and Chief ...
Total Annual Compensation: $461.5K
Executive Vice President, Director and Presid...
Total Annual Compensation: $674.0K
Compensation as of Fiscal Year 2013.

forest city enterprises-cl a (FCE/A) Key Developments

Forest City Enterprises Inc. Presents at REITWorld 2014 - NAREIT's Annual Convention, Nov-05-2014

Forest City Enterprises Inc. Presents at REITWorld 2014 - NAREIT's Annual Convention, Nov-05-2014 . Venue: Atlanta Marriott Marquis, Atlanta, Georgia, United States.

Forest City Enterprises Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Announces Impairment of Non-Depreciable Real Estate

Forest City Enterprises Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. Operating FFO for the three months ended September 30, 2014 was $61.6 million, a 44% increase compared with $42.9 million for the three months ended September 30, 2013. Total FFO for the three months ended September 30, 2014 was $65.9 million, or $0.30 per share, compared with $78.4 million, or $0.35 per share, for the three months ended September 30, 2013. Positive factors impacting third-quarter 2014 Operating FFO, compared with the third quarter of 2013, included reduced interest expense of $9.7 million from both lower corporate and mature property-level interest expense as a result of the company's de-leveraging strategy, increased net operating income from the company's mature portfolio of $6.4 million, and increased land sales at Stapleton in Denver of $5.6 million. For the three months ended September 30, 2014, the company had net earnings attributable to common shareholders of $0.7 million, or $0.00 per share, compared with net earnings of $241.9 million, or $1.06 per share, for the third quarter of 2013. Consolidated revenues for the three months ended September 30, 2014, were $234.7 million, compared with $276.7 million for the third quarter of 2013. For the first nine months of 2014, operating FFO was $170.3 million, compared with $112.7 million for the nine months ended September 30, 2013. Year-to-date FFO was $174.4 million, compared with $198.0 million for the nine months ended September 30, 2013. Per-share amounts are on a fully diluted basis. In addition to the factors listed above related to Operating FFO, third-quarter 2014 FFO results were negatively impacted primarily by lower gains on extinguishment of debt of $23.3 million and a lower quarter-over-quarter tax benefit of $12.9 million. For the first nine months of 2014, the company had a net loss attributable to common shareholders of $76.8 million, or $0.39 per share, compared with net earnings of $187.1 million, or $0.88 per share, for the nine months ended September 30, 2013. Per-share amounts are on a fully diluted basis. Year-to-date consolidated revenues were $713.9 million, compared with $824.6 million for the nine months ended September 30, 2013. The year-over-year variance for both the third quarter and year to date was primarily related to the company's 2013 regional mall joint venture with QIC, which resulted in the change from full consolidation accounting to equity method accounting for seven of the malls included in the joint venture. For the quarter ended Sep. 30, 2014, the company announced impairment of non-depreciable real estate of $966,000.

Forest City To Sell Stake In Brooklyn Arena

Forest City Enterprises Inc. (NYSE:FCE.A) to start an auction to sell 55% stake in Brooklyn arena. Bruce Ratner has been spreading the word that his preference is to find a "strategic partner" willing to buy a minority stake.

 

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