CLEVELAND, March 1, 2017 /PRNewswire/ -- Forest City
Realty Trust, Inc. (NYSE: FCEA and FCEB) announced today that its
board of directors has declared an increased first-quarter 2017
cash dividend of $0.09 per share of
common stock, payable on March 27,
2017, to holders of record of common stock as of the close
of business on March 13,
2017.
About Forest City
Forest City Realty Trust, Inc. is an
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 and residential real estate
throughout 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,
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 facility 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 and completion of the proposed reclassification of its
common stock, 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.