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Last €22.40 EUR
Change Today -0.146 / -0.65%
Volume 0.0
FCYA On Other Exchanges
Symbol
Exchange
New York
Berlin
New York
As of 9:38 AM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

forest city enterprises-cl a (FCYA) Snapshot

Open
€22.43
Previous Close
€22.55
Day High
€22.43
Day Low
€22.40
52 Week High
04/13/15 - €23.99
52 Week Low
04/29/14 - €13.28
Market Cap
4.8B
Average Volume 10 Days
13.1
EPS TTM
--
Shares Outstanding
195.4M
EX-Date
12/16/08
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for FOREST CITY ENTERPRISES-CL A (FCYA)

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forest city enterprises-cl a (FCYA) 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 (FCYA) 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 (FCYA) Key Developments

Forest City Enterprises Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Impairment Charges for the Fourth Quarter Ended December 31, 2014

Forest City Enterprises Inc. reported consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company’s operating FFO was $78.1 million, a 52% increase compared with $51.5 million for the three months ended December 31, 2013. Positive factors impacting fourth-quarter 2014 Operating FFO, compared with the fourth quarter of 2013, included increased NOI from the mature portfolio of $9.9 million, proceeds from a 2014 legal settlement of $7.0 million, other increased Operating FFO of $5.0 million (primarily related to lower expensed overhead due to increased capitalization to active development projects), increased land sales at Stapleton of $4.3 million, and lower interest expense, both corporate and in the mature portfolio, of $3.7 million. These positive factors were partially offset by reduced Operating FFO from properties sold of $3.3 million. Total FFO was $220.2 million, or $0.95 per share, compared with an FFO loss of $164.0 million, or $0.83 per share, for the three months ended December 31, 2013. In addition to the factors listed above related to Operating FFO, fourth-quarter 2014 FFO results were positively impacted by net gains on change in control of interests of approximately $227.9 million ($139.5 million net of tax), or $0.59 per share, primarily related to two properties, Bayside Village, an apartment community in San Francisco, and Boulevard Mall in Amherst, New York. For the three months ended December 31, 2014, the company had net earnings attributable to common shareholders of $69.2 million, or $0.31 per share, compared with a net loss of $207.7 million, or $1.05 per share, for the fourth quarter of 2013. Consolidated revenues were $252.1 million, compared with $257.9 million for the fourth quarter of 2013. Operating FFO per share was $0.36 against $0.25 a year ago. Adjusted revenues were $370.537 million against $370.537 million a year ago. Net operating income was $153.942 million against $122.386 million a year ago. Earnings before income taxes were $86.314 million against loss of $381.460 million a year ago. Negatively impacting earnings was a pretax impairment in the fourth quarter related to B2 Brooklyn project and the modular factory of $146 million of which $38.7 million represented the write-off of the factory. For the year ended December 31, 2014, Operating FFO was $248.4 million, compared with $164.2 million for the year ended December 31, 2013. Total FFO was $394.6 million, compared with $34.0 million for the full year ended December 31, 2013. For the full year of 2014, the company had a net loss attributable to common shareholders of $7.6 million, or $0.04 per share, compared with net loss of $20.5 million, or $0.10 per share, consolidated revenues were $966.1 million compared with $1.1 billion for the full year ended December 31, 2013. The year-over-year variance 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. Operating FFO per share was $1.17 against $0.82 a year ago. Adjusted revenues were $1,440.655 million against $1,525.450 million a year ago. Net operating income was $606.337 million against $553.612 million a year ago. Loss before income taxes was $138.136 million against loss of $169.931 million a year ago. For the quarter, the company reported impairment of depreciable rental properties of $56.638 million against $33.864 million a year ago.

Forest City Enterprises Inc. to Report Q4, 2014 Results on Feb 24, 2015

Forest City Enterprises Inc. announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Feb 24, 2015

Forest City Enterprises Inc., Q4 2014 Earnings Call, Feb 25, 2015

Forest City Enterprises Inc., Q4 2014 Earnings Call, Feb 25, 2015

 

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Valuation FCYA Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 5.1x
Price/Book 2.8x
Price/Cash Flow 21.6x
TEV/Sales NM Not Meaningful
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