Last $27.00 USD
Change Today +0.22 / 0.82%
Volume 293.3K
As of 3:59 PM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

equity one inc (EQY) Snapshot

Open
$26.73
Previous Close
$26.78
Day High
$27.24
Day Low
$26.73
52 Week High
02/5/15 - $28.23
52 Week Low
03/24/14 - $21.03
Market Cap
3.3B
Average Volume 10 Days
531.0K
EPS TTM
$0.56
Shares Outstanding
123.8M
EX-Date
12/15/14
P/E TM
48.0x
Dividend
$0.88
Dividend Yield
3.27%
Current Stock Chart for EQUITY ONE INC (EQY)

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equity one inc (EQY) Details

Equity One, Inc is a real estate investment trust. The firm invests in the real estate markets of United States. It owns, manages, acquires, develops and redevelops shopping centers and retail properties. Equity One, Inc was formed in 1992 is based in the North Miami Beach, Florida with additional offices in New York City; Marietta, Georgia and Daly City, California.

Founded in 1992

equity one inc (EQY) Top Compensated Officers

President
Total Annual Compensation: $650.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $462.0K
Executive Vice President of Development
Total Annual Compensation: $300.0K
Compensation as of Fiscal Year 2013.

equity one inc (EQY) Key Developments

Equity One Seeks Acquisitions

David Lukes, Chief Executive Officer of Equity One Inc. (NYSE:EQY) said in the fourth quarter earnings call of 2014, "This completes our sales effort that was focused on selling our most risky assets, which has helped us upgrade our portfolio, and puts us in a position to selectively and opportunistically recycle the bottom 5% of our asset base into more attractive acquisition opportunities."

Equity One Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Reports Impairment Charges for the Fourth Quarter Ended December 31, 2014; Provides Earnings Guidance for the Year Ending December 31, 2015

Equity One Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported total revenue of $86,544,000 compared to $86,623,000 a year ago. Income before other income and expense, tax and discontinued operations was $32,476,000 compared to $29,286,000 a year ago. Income from continuing operations before tax and discontinued operations was $9,320,000 compared to $10,155,000 a year ago. Income from continuing operations was $9,250,000 or $0.05 per basic and diluted share compared to $10,278,000 or $0.06 per basic and diluted share a year ago. Net income attributable to the company was $6,725,000 or $0.05 per basic and diluted share compared to $9,152,000 or $0.08 per basic and diluted share a year ago. Funds from operations were $31,386,000 compared to $33,376,000 a year ago. Funds from operations available to diluted common shareholders were $33,885,000 compared to $35,875,000 a year ago. Funds from operations per diluted share were $0.25 compared to $0.28 a year ago. Recurring FFO was $40,240,000 or $0.30 per diluted common share compared to $38,351,000 or $0.30 per diluted common share a year ago. Adjusted EBITDA was $55,341,000 compared to $55,379,000 a year ago. Total capital expenditures were $37,130,000 compared to $28,776,000 a year ago. For the year, the company reported total revenue of $353,185,000 compared to $332,511,000 a year ago. Income before other income and expense, tax and discontinued operations was $121,173,000 compared to $116,084,000 a year ago. Income from continuing operations before tax and discontinued operations was $58,984,000 compared to $48,479,000 a year ago. Income from continuing operations was $58,134,000 or $0.37 per basic and diluted share compared to $48,963,000 or $0.32 per basic and diluted share a year ago. Net income attributable to the company was $48,897,000 or $0.39 per basic and diluted share compared to $77,954,000 or $0.65 per basic and diluted share a year ago. Funds from operations were $147,928,000 compared to $140,995,000 a year ago. Funds from operations available to diluted common shareholders were $157,924,000 compared to $150,991,000 a year ago. Funds from operations per diluted share were $1.20 compared to $1.17 a year ago. Recurring FFO was $167,651,000 or $1.28 per diluted common share compared to $158,293,000 or $1.23 per diluted common share a year ago. Net debt was $1,302,195,000 compared to $1,465,796,000 a year ago. Adjusted EBITDA was $231,654,000 compared to $226,591,000 a year ago. Total capital expenditures were $113,982,000 compared to $76,847,000 a year ago. For the fourth quarter, the company reported impairment loss of $7,958,000 compared to $1,903,000 a year ago. For the year ending December 31, 2015, the company expects FFO guidance of $1.28 to $1.31 per diluted share and earnings attributable to the company per diluted share of $0.59 to $0.61. Interest expense in 2015 is expected to be $57 million to $59 million and reflects the reduced levels of mortgage debt outstanding and the new pricing on its line of credit and term loan. In terms of development and redevelopment activities, the company currently expects to spend between $60 million to $70 million during 2015.

Matthew Ostrower to Join Equity One Inc. as Executive Vice President and Chief Financial Officer, Effective March 3, 2015

Equity One Inc. announced that Matthew Ostrower is expected to join the company on March 3, 2015 as an executive vice president and will become its chief financial officer upon the previously announced departure of Mark Langer, the company’s current chief financial officer, later this Spring. Mr. Ostrower brings an extensive background in the real estate industry and most recently served as managing director and associate director of Research in Morgan Stanley’s European research department. Mr. Ostrower’s previous experience includes serving as portfolio manager of the Pioneer Real Estate Shares Mutual fund, eight years as a REIT equity analyst at Morgan Stanley, and performing capital raising and investment strategy for the Gerrity Group. Since 2010, Mr. Ostrower has served as a member of the board of directors of Ramco-Gershenson Property Trust but is expected to resign from this position prior to joining the company. Mr. Langer has been with the Company since 2008 and will serve as Chief Financial Officer until his departure.

 

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EQY Competitors

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Company Last Change
Acadia Realty Trust $34.25 USD +0.09
American Assets Trust Inc $41.32 USD +0.30
Ramco-Gershenson Properties Trust $18.92 USD +0.20
Retail Properties of America Inc $16.04 USD +0.21
Tanger Factory Outlet Centers Inc $35.24 USD -0.21
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