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Forest City Updates Performance Targets


Forest City Realty Trust Inc. recently revealed its commitment to strengthen communication with stockholders, and to provide greater insight into strategy, capital allocation, and other topics of interest to investors. As such, the company has issued a new investor presentation with enhanced disclosure and updates to key performance targets.

“Following our recent Annual Meeting, at which stockholders overwhelmingly approved the collapse of the Company’s legacy dual-class share structure, the Board reaffirmed its commitment to address the undervaluation of Forest City’s stock,” says David LaRue, Forest City president and chief executive officer. “Accordingly, the presentation we issued today includes significant additional detail on performance drivers and targets, as well as increased disclosure on financial, structural and tax-related topics.”

Forest City is a NYSE-listed national real estate company with $8.2 billion in consolidated assets. The company is principally engaged in the ownership, development, management and acquisition of commercial, residential and mixed-use real estate in key urban markets in the US.

“As the company enters a new one-share, one-vote era, the Board is fully committed not only to strengthening communication with stockholders, but also to closely overseeing execution and refinement of the Company’s strategy, and driving improved total stockholder returns,” LaRue added.  “The release of this enhanced investor presentation is just one example of the company delivering on that commitment.”