Equity One, Inc. (EQY) reported that its first-quarter Funds From Operations or FFO was $31.9 million or $0.31 per share, up from $33.2 million or $0.27 per share in the prior year quarter.
Recurring FFO was $40.9 million or $0.32 per share, compared to $34.1 million or $0.28 per share a year earlier.
Net income attributable to Equity One was $24.9 million or $0.21 per share, compared to $18.5 million or $0.16 per share in the previous year quarter.
Net income for the recent quarter included gains on the sale of income producing non-core properties of $11.2 million.
Meanwhile, total revenue for the quarter rose to $86.44 million from $76.59 million in the year ago quarter.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.29 per share on revenues of $85.84 million for the quarter. Analysts' estimates typically exclude special items.
The company updated its guidance for 2013, estimating that Recurring FFO per share will be $1.19 to $1.23 per share, while anticipating FFO per share in a arange between $1.15 and $1.19. Also, the company expects to record net income between $0.38 and $0.40 per share for 2013. Analysts currently expect the company to report earnings of $1.19 per share for fiscal 2013.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.