Last $25.08 USD
Change Today +0.10 / 0.40%
Volume 697.9K
EQY On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 12/18/14 All times are local (Market data is delayed by at least 15 minutes).

equity one inc (EQY) Snapshot

Open
$25.10
Previous Close
$24.98
Day High
$25.17
Day Low
$24.87
52 Week High
12/11/14 - $25.20
52 Week Low
03/24/14 - $21.03
Market Cap
3.1B
Average Volume 10 Days
668.5K
EPS TTM
$0.49
Shares Outstanding
123.8M
EX-Date
12/15/14
P/E TM
50.8x
Dividend
$0.88
Dividend Yield
3.51%
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. Closes $600 Million Unsecured Revolving Credit Facility and Amends Existing $250 Million Term Loan Facility

Equity One Inc. announced that it has closed a $600 million unsecured revolving credit facility which replaces its existing $575 million facility. The new facility, which matures on December 31, 2018, with options to extend the maturity date for two six-month periods, can be upsized to $900 million through an accordion feature. Borrowings under the new facility will bear interest at the annual rate of LIBOR plus 105 basis points subject to a pricing grid for changes in the company’s credit ratings, which compares to pricing under the prior facility of LIBOR plus 125 basis points. Further, the annual facility fee will decline from 25 basis points to 20 basis points. Wells Fargo Securities, LLC and PNC Capital Markets LLC acted as joint lead arrangers and joint book runners for the facility, with Wells Fargo Bank, National Association acting as Administrative Agent and PNC Bank, National Association acting as Syndication Agent. U.S. Bank National Association, SunTrust Bank, Branch Banking & Trust Company, TD Bank, N.A. and Citizens Bank, N.A. acted as co-documentation agents. Other lenders participating in the facility are Barclays Bank PLC, Citibank, N.A., Deutsche Bank AG New York Branch, Israel Discount Bank of New York and JPMorgan Chase Bank, N.A. The company also announced that it has modified its existing $250 million unsecured term loan facility that matures in February 2019. The amended facility will bear interest at the annual rate of LIBOR plus 115 basis points subject to a pricing grid for changes in the company’s credit ratings as compared to the previously applicable rate of LIBOR plus 170 basis points. The maturity date and principal amount outstanding remain unchanged and the existing interest rate swap agreements that convert the term loan’s LIBOR rate to a fixed rate remain in place. As a result, the effective fixed interest rate on the $250 million principal amount has been reduced from 3.17% to 2.62% per annum based on the company’s current credit ratings. PNC Capital Markets LLC and SunTrust Robinson Humphrey Inc. acted as joint lead arrangers and joint book runners for the term loan, with PNC Bank, National Association acting as Administrative Agent and SunTrust Bank acting as Syndication Agent. Other lenders participating in the term loan are TD Bank, N.A. and Branch Banking & Trust Company.

Equity One Inc. Declares Dividend for Fourth Quarter of 2014, Payable on December 31, 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 fourth quarter ending December 31, 2014, payable on December 31, 2014 to stockholders of record on December 17, 2014.

Equity One Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Revises Earnings Guidance for the Year Ending December 31, 2014

Equity One Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenue of $86,377,000 against $82,723,000 a year ago. Income before other income and expense, tax and discontinued operations was $26,551,000 against $30,626,000 a year ago. Income from continuing operations was $11,122,000 or $0.14 per basic and diluted share against $14,611,000 or $0.10 per basic and diluted share a year ago. Net income attributable to company was $18,307,000 or $0.14 per diluted share against net income attributable to company of $10,571,000 or $0.09 per diluted share a year ago. Funds from operations were $35,356,000 or $0.29 per diluted share against $35,882,000 or $0.30 per diluted share a year ago. Recurring funds from operations was $40,591,000 or $0.31 per diluted share against $39,309,000 or $0.30 per diluted share a year ago. Recurring FFO for the quarter was $0.31 a share, after excluding one-time items primarily due to the reorganization adjustments which were slightly ahead of internal estimate. For the nine months, the company reported total revenue of $266,641,000 against $245,888,000 a year ago. Income before other income and expense, tax and discontinued operations was $88,697,000 against $86,797,000 a year ago. Income from continuing operations was $38,226,000 or $0.32 per basic and diluted share against $38,685,000 or $0.26 per basic and diluted share a year ago. Net income attributable to company was $42,172,000 or $0.34 per diluted share against $68,802,000 or $0.58 per diluted share a year ago. Funds from operations were $116,542,000 or $0.96 per diluted share against $107,619,000 or $0.89 per diluted share a year ago. Recurring funds from operations was $127,411,000 or $0.98 per diluted share against $119,942,000 or $0.93 per diluted share a year ago. The company updated its 2014 recurring FFO guidance to a new range of $1.27 to $1.28 per diluted share, which compares to previous guidance of $1.25 to $1.28 per diluted share. Recurring FFO excludes 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. Net income attributable to company expects to be in range of $0.45 to $0.46. Estimated FFO expects to be in range of $1.23 to $1.24. Estimated Recurring FFO expects to be in range of $1.27 to $1.28. Recurring FFO guidance by raising the low-end of the range $0.02 based on third quarter results which have benefited from the timing of disposition activity and lower interest expense. The updated guidance implies a recurring FFO run rate of approximately $0.30 during fourth quarter 2014 which is $0.01 lower than third quarter due to asset sales and the increase in share count from recent offering.

 

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