CLEVELAND, July 10, 2017 /PRNewswire/ -- Forest City
Realty Trust, Inc. (NYSE: FCEA) today announced that, consistent with the Board of Directors' commitment to strengthen
communication with stockholders, and to provide greater insight into strategy, capital allocation, and other topics of interest
to investors, 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," said
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.
"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."
The investor presentation was furnished today on Form 8-K with the Securities and Exchange Commission, and will be used as the
basis for a series of investor meeting beginning this week. It is also available on the Investors page of the Company's website,
www.forestcity.net.
About Forest City
Forest City Realty Trust, Inc. 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 United States. For more information, visit
www.forestcity.net.
Safe Harbor Language
Statements made in this news release that state the company's or management's intentions, hopes, beliefs, expectations or
predictions of the future are forward-looking statements. The company's actual results could differ materially from those
expressed or implied in such forward-looking statements due to various risks, uncertainties and other factors. Risks and factors
that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited
to, the company's ability to qualify or to remain qualified as a REIT, its ability to satisfy REIT distribution requirements, the
impact of issuing equity, debt or both, and selling assets to satisfy its future distributions required as a REIT or to fund
capital expenditures, future growth and expansion initiatives, the impact of the amount and timing of any future distributions,
the impact from complying with REIT qualification requirements limiting its flexibility or causing it to forego otherwise
attractive opportunities beyond rental real estate operations, the impact of complying with the REIT requirements related to
hedging, its lack of experience operating as a REIT, legislative, administrative, regulatory or other actions affecting REITs,
including positions taken by the Internal Revenue Service, the possibility that the company's Board of Directors will
unilaterally revoke its REIT election, the possibility that the anticipated benefits of qualifying as a REIT will not be
realized, or will not be realized within the expected time period, the impact of current lending and capital market conditions on
its liquidity, its ability to finance or refinance projects or repay its debt, the impact of the slow economic recovery on the
ownership, development and management of its commercial real estate portfolio, general real estate investment and development
risks, litigation risks, including risks with respect to the outcome of any legal proceedings that have or may be instituted
against the Company or others relating to the reclassification, vacancies in its properties, risks associated with developing and
managing properties in partnership with others, competition, its ability to renew leases or re-lease spaces as leases expire,
illiquidity of real estate investments, its ability to identify and transact on chosen strategic alternatives for a portion of
its retail portfolio, bankruptcy or defaults of tenants, anchor store consolidations or closings, the impact of terrorist acts
and other armed conflicts, its substantial debt leverage and the ability to obtain and service debt, the impact of restrictions
imposed by the company's revolving credit facility, term loan and senior debt, exposure to hedging agreements, the level and
volatility of interest rates, the continued availability of tax-exempt government financing, its ability to receive payment on
the notes receivable issued by Onexim in connection with their purchase of our interests in the Barclays Center and the Nets, the
impact of credit rating downgrades, effects of uninsured or underinsured losses, effects of a downgrade or failure of its
insurance carriers, environmental liabilities, competing interests of its directors and executive officers, the ability to
recruit and retain key personnel, risks associated with the sale of tax credits, downturns in the housing market, the ability to
maintain effective internal controls, compliance with governmental regulations, increased legislative and regulatory scrutiny of
the financial services industry, changes in federal, state or local tax laws and international trade agreements, volatility in
the market price of its publicly traded securities, inflation risks, cybersecurity risks, cyber incidents, shareholder activism
efforts, conflicts of interest, risks related to its organizational structure including operating through its Operating
Partnership and its UPREIT structure, as well as other risks listed from time to time in the company's SEC filings, including but
not limited to, the company's annual and quarterly reports.
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SOURCE Forest City Realty Trust, Inc.