Sunday, September 12, 2010

Forest City Reports Fiscal 2010 Second-Quarter and Year-to-Date Results


CLEVELAND, OH /PRNewswire-FirstCall/ -- Forest City Enterprises, Inc. (NYSE:FCEA)(NYSE:and)(NYSE:FCEB), has announced EBDT, net earnings and revenues for the second quarter and six months ended July 31, 2010.

Second-quarter EBDT (earnings before depreciation, amortization and deferred taxes) was $105.6 million, a 10.6 percent increase compared with 2009 second-quarter EBDT of $95.5 million.

On a fully diluted, per share basis, second-quarter 2010 EBDT was $0.54, compared with 2009 second-quarter EBDT per share of $0.64.

 Total EBDT for the six-months ended July 31, 2010, was $176.0 million, or $0.91 per fully diluted share, compared with last year's $137.1 million, or $1.07 per share.

For a complete copy of the company's release and statistics, please contact
 Robert O'Brien, Executive Vice President - Chief Financial Officer, +1-216-621-6060, or Jeff Linton, Vice President - Corporate Communication, +1-216-621-6060
Web Site: http://www.forestcity.net/

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