SAN FRANCISCO (Thomson Financial) - Equity One Inc. late Tuesday reported
first-quarter funds from operations of $32.7 million, or 44 cents a share, above
the 41-cent mean estimate of analysts polled by Thomson Financial.
In the same period last year, the North Miami Beach, Fla.-based real estate
investment trust posted FFO of $29.7 million, or 40 cents a share.
Net income for the quarter ended March 31 was $20.9 million, or 28 cents a
share, up from $20 million, or 27 cents a share, last year.
Revenue increased to $63.4 million from $61.5 million.
Equity One still expects 2008 FFO of $1.40 to $1.45 a share, and earnings of
79 cents to 82 cents a share.
Shares of Equity One closed at $25.04.
Gabriel Madway
gm
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