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December 9, 2005
Forest City Reports Third-Quarter and Year-to-Date Financial Results
Business Wire, Forest City Enterprises Press Release
The 6.3 percent decrease in EBDT per share for the first nine months of 2005 and 22.2 percent decrease for the third quarter are mostly attributed to Stapleton financing income recognized in 2004; the increased loss for The Nets (basketball team), which the Company did not own in the first half of 2004; and 2004 EBDT from the Lumber Trading Group, which was sold in the fourth quarter of last year. These items were partially offset by increases in sales of outlot land in the Commercial Group.
Posted by lumi at December 9, 2005 7:49 AM