Forest City quarterly results: 535 Carlton now 94% leased, 38 Sixth 80% leased (but still behind schedule)
Forest City Realty Trust yesterday issued a press release, Forest City Reports 2018 Third-Quarter and Year-to-Date Results , indicating positive news, including a significant growth in net earnings, a nudge up in net operating income, and a decline in debt. "Results for the quarter and year to date met our expectations and demonstrate the strength of our operating properties and core markets, as well as the skill and dedication of our teams across the enterprise. They also reflect the ongoing execution of our strategies to further strengthen and focus our company," said David J. LaRue, Forest City president and chief executive officer. There won't be any questions today, because, as a result of the 7/31/18 announced plan for "Forest City to be acquired by a fund of Brookfield Asset Management, the company will not conduct a third-quarter conference call with investors." That 7-5 vote by Forest City's board was highly contested, and is opposed by some mem...