Equity One Q3 Profit Rises - Quick Facts

(RTTNews) - Equity One Inc. (EQY), an owner, developer, and operator of shopping centers, reported third-quarter net income attributable to company of $10.6 million, or $0.09 per share, compared to $8.1 million, or $0.07 per share, last year. FFO was $38.4 million, or $0.30 per share, compared to $34.5 million, or $0.27 per share, prior year. Recurring funds from operations was $0.30 per share for the quarter.

On average, 14 analysts polled by Thomson Reuters expected the company to report profit per share of $0.30 for the quarter. Analysts' estimates typically exclude special items.

Total revenue increased to $84.19 million, from $76.57 million, last year. Analysts expected revenue of $83.16 million for the quarter.

The company updated its 2013 recurring FFO guidance to a new range of $1.22 to $1.23 per share, which compares to previous guidance of $1.20 to $1.23 per share. Analysts expect the company to report 2013 profit per share of $1.20.