Forest City Enterprises' CEO Discusses Q2 2012 Results - Earnings Call Transcript

Forest City Enterprises, Inc. (FCE.A)

Q2 2012 Earnings Results Conference

September 5, 2012 11:00 AM ET


David J. LaRue - President and CEO

Robert G. O’Brien - CFO

Matthew L. Messinger - EVP, Investment Management

MaryAnne Gilmartin - EVP, Commercial and Residential Development

Michael Lonsway - SVP, Capital Markets


Richard Moore - RBC Capital Markets



Welcome to the Forest City Enterprises’ Second Quarter 2012 Earnings Conference Call. The Company would like to remind you that today’s remarks include forward-looking comments that are covered under the Federal Safe Harbor provisions. Actual results could differ materially from those expressed or implied in such forward-looking statements due to various risks, uncertainties and other factors.

Please refer to the risk factors outlined in Forest City’s annual and quarterly reports filed with the SEC for discussion of factors that could cause results to differ. This call is being recorded and a replay will be available beginning at 2.00 pm Eastern Time today. Both the telephone replay and the webcast will be available until October 05, 2012, at 11.59 pm Eastern Time.

The Company would like to remind listeners that it will be using non-GAAP terminology, such as operating FFO, FFO, comparable property net operation income and pro rata share in its discussions today. Please refer to Forest City supplemental package for an explanation of these terms and why the company uses them, as well as reconciliations to their comparable financial measures in accordance with General Accepted Accounting Principles.

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