Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $22.25 USD
Change Today -0.04 / -0.18%
Volume 1.0M
As of 8:04 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

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

Open
$22.36
Previous Close
$22.29
Day High
$22.56
Day Low
$22.20
52 Week High
03/31/15 - $25.90
52 Week Low
08/1/14 - $18.90
Market Cap
5.6B
Average Volume 10 Days
1.4M
EPS TTM
$0.94
Shares Outstanding
233.4M
EX-Date
12/16/08
P/E TM
23.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for FOREST CITY ENTERPRISES-CL A (FCE/A)

Related News

No related news articles were found.

forest city enterprises-cl a (FCE/A) Related Businessweek News

View More BusinessWeek News

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’s Commercial group acquires, owns, develops, and operates regional malls, specialty/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. Its Residential group acquires, owns, develops, and operates residential rental properties, including upscale and middle-market apartments and adaptive re-use developments, as well as develops and manages military family housing. The company’s Land Development group acquires and sells land and developed lots to residential, commercial, and industrial customers. Forest City Enterprises, Inc. was founded in 1920 and is headquartered in Cleveland, Ohio.

2,626 Employees
Last Reported Date: 02/24/15
Founded in 1920

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

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.1M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $962.5K
Executive Vice President, Chairman of Forest ...
Total Annual Compensation: $875.0K
Executive Vice President, Director and Chief ...
Total Annual Compensation: $875.0K
Executive Vice President, Director and Presid...
Total Annual Compensation: $558.2K
Compensation as of Fiscal Year 2014.

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

Forest City Enterprises Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Forest City Enterprises Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenues of $237.082 million compared to $249.537 million a year ago. Adjusted revenues were $351.402 million compared to $367.609 million a year ago. Net operating income was $142.806 million compared to $145.256 million a year ago. Loss before income taxes was $65.602 million compared to $27.521 million a year ago. Net loss attributable to company was $54.209 million compared to net earnings attributable to company of $15.520 million a year ago. FFO was $20.571 million or $0.10 per diluted share compared to $55.329 million or $0.25 per diluted share a year ago. Operating FFO per share data was $64.544 million or $0.27 per diluted share compared to $55.556 million or $0.24 per diluted share a year ago. Operating FFO was $58.358 million compared to $48.493 million a year ago. Non-GAAP net operating income was $130.028 million compared to $137.357 million a year ago. Non-GAAP loss before income taxes was $54.097 million compared to non-GAAP earnings before income taxes of $31.497 million a year ago. Positive factors impacting first-quarter 2015 Operating FFO, compared with the first quarter of 2014, included increased net operating income (NOI) from the mature portfolio of $6.8 million, lower interest expense, both corporate and in the mature portfolio, of $4.4 million, and increased capitalized interest to active development projects of $2.6 million as the company has activated entitled development opportunities.  These positive factors were partially offset by lower quarter-over-quarter land sales at Stapleton of $3.6 million and reduced Operating FFO from properties sold of $2.3 million. Total capital expenditures were $16.095 million compared to $12.118 million a year ago. FFO results were negatively impacted by increased loss on extinguishment of debt of $35.1 million or $0.15 per share related to the privately negotiated exchange transactions they executed in the first quarter. Operating results from their portfolio for the quarter were strong with total comparable property net operating income or comp NOI of 5.3% with increases of 6.4% in retail, 5.5% in apartments and 4.4% in office.

Forest City Enterprises Seeks Acquisitions

Forest City Enterprises Inc. (NYSE:FCE.A) is seeking acquisitions. Forest City Enterprises Inc. has filed a Follow-on Equity Offering, the net proceeds of which will be used for general corporate purposes. These purposes may include, but are not limited to, repayment of debt, additions to working capital, development of new properties, capital expenditures and acquisitions.

Forest City Enterprises Inc., Q1 2015 Earnings Call, May 05, 2015

Forest City Enterprises Inc., Q1 2015 Earnings Call, May 05, 2015

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
FCE/A:US $22.25 USD -0.04

FCE/A Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for FCE/A.
View Industry Companies
 

Industry Analysis

FCE/A

Industry Average

Valuation FCE/A Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 4.7x
Price/Book 2.4x
Price/Cash Flow 32.6x
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact FOREST CITY ENTERPRISES-CL A, please visit www.forestcity.net. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.