Last $22.23 USD
Change Today +0.03 / 0.14%
Volume 3.6M
EQY On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

equity one inc (EQY) Snapshot

Open
$22.24
Previous Close
$22.20
Day High
$22.36
Day Low
$22.20
52 Week High
11/4/13 - $24.99
52 Week Low
03/24/14 - $21.03
Market Cap
2.8B
Average Volume 10 Days
1.3M
EPS TTM
$0.46
Shares Outstanding
123.8M
EX-Date
09/12/14
P/E TM
47.9x
Dividend
$0.88
Dividend Yield
3.96%
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.

168 Employees
Last Reported Date: 03/3/14
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 and President of Flo...
Total Annual Compensation: $362.0K
Executive Vice President of Development
Total Annual Compensation: $300.0K
Compensation as of Fiscal Year 2013.

equity one inc (EQY) Key Developments

Equity One Inc. Declares Cash Dividend for Third Quarter of 2014, Payable on September 30, 2014

Equity One Inc. announced that its Board of Directors has declared a cash dividend of $0.22 per share of its common stock for the quarter ending September 30, 2014, payable on September 30, 2014 to stockholders of record on September 16, 2014.

Equity One Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Full Year of 2014; Reports Impairment Loss for the Second Quarter of 2014

Equity One Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenue of $87,443,000 compared to $81,736,000 a year ago. Income before other income and expense, tax and discontinued operations was $28,292,000 compared to $27,025,000 a year ago. Loss from continuing operations before tax and discontinued operations was $986,000 compared to $10,152,000 a year ago. Loss from continuing operations was $1,065,000 or $0.02 per basic and diluted share compared to income of $10,145,000 or $0.06 per basic and diluted share a year ago. Net income was $99,000 compared to $36,177,000 a year ago. Net loss attributable to the company was $2,411,000 or $0.02 per diluted share compared to net income attributable to the company of $33,638,000 or $0.28 per diluted share a year ago. Funds from operations were $38,939,000 or $0.32 per diluted share compared to $34,267,000 or $0.28 per diluted share a year ago. Recurring funds from operations available to diluted common shareholders were $41,406,000 compared to $39,678,000 a year ago. For the six months, the company reported total revenue of $180,264,000 compared to $163,165,000 a year ago. Income before other income and expense, tax and discontinued operations was $62,146,000 compared to $56,171,000 a year ago. Income from continuing operations before tax and discontinued operations was $27,716,000 compared to $24,095,000 a year ago. Income from continuing operations was $27,104,000 or $0.17 per basic and diluted share compared to $24,074,000 or $0.16 per basic and diluted share a year ago. Net income was $31,074,000 compared to $63,468,000 a year ago. Net income attributable to the company was $23,865,000 or $0.20 per diluted share compared to $58,231,000 or $0.49 a year ago. Funds from operations were $81,186,000 or $0.67 per diluted share compared to $71,737,000 or $0.60 per diluted share a year ago. Recurring funds from operations available to diluted common shareholders were $86,820,000 compared to $80,633,000 a year ago. The company updated its 2014 recurring FFO guidance to a new range of $1.25 to $1.28 per diluted share, which compares to previous guidance of $1.23 to $1.28 per diluted share. Recurring FFO excludes one-time costs pertaining to the company's reorganization, debt extinguishment gains/losses, impairment charges, severance costs, transaction costs, gains/losses on disposal of assets, and certain other income or charges. The company estimates net income attributable to the company of $0.37 to $0.38 per share. The company reported impairment loss of $13,892,000 for the second quarter of 2014 against $2,662,000 a year ago.

Equity One Inc. Appoints Michael Makinen as Chief Operating Officer

Equity One Inc. announced that it was streamlining its organizational structure in an effort to gain efficiencies, increase the speed of decision making and lower operating costs. The changes will result in the centralization of operations such that all leasing and property management functions will report to Michael Makinen who was appointed as Chief Operating Officer. Mr. Makinen most recently served as the Chief Operating Officer of Olshan Properties, formerly known as Mall Properties Inc. Mr. Makinen joined Olshan Properties in 2010 having previously served as the head of real estate and development with several major retailers. Mr. Makinen will report to Tom Caputo, President, who has extended his contract with the company through December 31, 2016. Mr. Caputo will continue to oversee acquisitions, dispositions and the joint venture investment platform. The company's transition to the new centralized operating structure during the next two months will result in the elimination of 14 existing positions including 3 regional presidents. The organizational changes also contemplate the addition of a new senior vice president of leasing and three new leasing positions focused on marketing and leasing the company's current vacancies within the southeast and Florida portfolios.

 

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Industry Analysis

EQY

Industry Average

Valuation EQY Industry Range
Price/Earnings 65.8x
Price/Sales 7.4x
Price/Book 1.9x
Price/Cash Flow 19.6x
TEV/Sales 2.8x
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