Last $21.44 USD
Change Today +0.15 / 0.70%
Volume 238.6K
FCE/A On Other Exchanges
Symbol
Exchange
New York
Berlin
New York
As of 8:04 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

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

Open
$21.25
Previous Close
$21.29
Day High
$21.55
Day Low
$21.25
52 Week High
11/18/14 - $21.90
52 Week Low
01/31/14 - $17.53
Market Cap
4.3B
Average Volume 10 Days
937.2K
EPS TTM
$0.16
Shares Outstanding
181.8M
EX-Date
12/16/08
P/E TM
130.6x
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 Mulls Acquisitions

Forest City Enterprises Inc. (NYSE:FCE.A) intends to offer senior debt securities, senior subordinated debt securities, junior subordinated debt securities, Class A common stock, preferred stock, depositary shares, warrants or units. The net proceeds from the sale of securities may be used for general corporate purposes, including repayment of debt, additions to working capital, development of new properties, capital expenditures and acquisitions. Forest City may temporarily use proceeds to make short-term investments or to reduce short-term debt.

Forest City To Reportedly Buy Brooklyn’s Barclays Center

Anschutz Entertainment Group, Inc. has held early stage talks to buy Brooklyn’s Barclays Center, The Post has learned. Anschutz Entertainment held talks with Forest City Enterprises Inc., which owns 55% of arena in November, sources said. Forest City Enterprises is expected to make a decision on whether to proceed with talks or walk away before December 31, 2014, sources said. Anschutz Entertainment is said to be willing to spend up to $500 million on the arena. However, Forest City is said to be seeking a lot more than $500 million. Still, “AEG will not overspend,” the source said. “If Forest City Enterprises is rational a deal could happen.”

Forest City Enterprises Inc. Announces Board Changes

Forest City Enterprises Inc. announced that Louis Stokes, attorney, distinguished former United States Congressman, and a 15-year member of Forest City's board of directors, tendered his resignation as a director at the company's board meeting held on Nov. 19, 2014. Christine Detrick, retired former director and head of Americas Financial Services Practice for Bain & Company Inc., accepted an appointment to the board as an independent director, effective immediately. In addition, Detrick was appointed to serve on the Corporate Governance and Nominating Committee of the board. Detrick, 54, will stand for re-election at the company's next annual meeting of shareholders. Detrick is currently a director of Reinsurance Group of America, where she serves on the Audit and Nominating and Corporate Governance Committees.

 

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Valuation FCE/A Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 4.3x
Price/Book 2.7x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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