Last $24.75 USD
Change Today +0.05 / 0.20%
Volume 506.4K
FCE/A On Other Exchanges
Symbol
Exchange
New York
Berlin
New York
As of 12:51 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

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

Open
$24.60
Previous Close
$24.70
Day High
$24.82
Day Low
$24.45
52 Week High
01/15/15 - $25.26
52 Week Low
01/31/14 - $17.53
Market Cap
5.0B
Average Volume 10 Days
1.5M
EPS TTM
$0.16
Shares Outstanding
181.8M
EX-Date
12/16/08
P/E TM
150.7x
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
Compensation as of Fiscal Year 2013.

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

Forest City Enterprises Approves REIT Conversion

Forest City Enterprises reported said its board approved a plan to convert to a real estate investment trust (REIT). The company expects to gain REIT status for its taxable year starting Jan. 1, 2016, subject to several conditions.

Forest City Enterprises Inc. - Special Call

To discuss the plan for the company to pursue conversion to real estate investment trust (REIT) status

Forest City Announces Three Additional Project Investments from its $400 Million Residential Development Fund

Forest City Enterprises Inc. announced the closing of three additional investment allocations in Washington, D.C., Philadelphia, and Oakland, Calif. as part of its $400 million residential real estate development fund with the Arizona State Retirement System (ASRS). All three of the closings were completed before yearend 2014. In Washington, D.C., the fund closed an investment in 1001 4th Street, SW, the first Forest City-developed residential component of Waterfront Station, the mixed-use redevelopment of the former Waterside Mall site in Southwest D.C. 1001 4th Street, SW, which is expected to break ground in early January, will feature 365 market-rate apartments, underground parking, a rooftop pool, clubhouse and landscaped courtyard. Completion is expected in mid-2016. In Philadelphia, the fund closed an investment in Museum Towers, an existing 286-unit apartment community in Center City, in which Forest City had been the 100% equity owner. The fund's investment in Museum Towers facilitates development of Museum Towers II, an adjacent 286-unit apartment project and 400-space parking garage, in which the fund is also planning to invest. The additional investment by the fund in Museum Towers II is expected to close in the first quarter of 2015 with commencement of construction soon thereafter. In Oakland, the fund invested in The Uptown, Forest City's existing 665-unit apartment community in the city's arts and entertainment district. LEED Silver certified apartment community, The Uptown includes a public park and was constructed on an underutilized, four-city block brownfield location in partnership with the City of Oakland. Prior to the fund's investment, Forest City had been the 100% equity owner of The Uptown.

 

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Price/Book 3.1x
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