Equity One (EQY) Posts Q3 FFO of $0.27 Ex-Items, Tops by 2c; Narrows FY11 Outlook; Declares $0.22 Quarterly Dividend; 4.7% Yield

Equity One (NYSE: EQY) reports Q3 FFO of $0.27, ex-items, 2 cents better than the analyst estimate of $0.25. Revenue for the quarter was $71.48 million, which compares to the estimate of $72.44 million. Narrows FY11 adjusted FFO outlook from $1.02 - $1.10 to $1.05 - $1.09, versus the consensus of $1.12. Their Board of Directors declared a cash dividend of $0.22 per share of its common stock, $0.88 annualized. The dividend is payable on December 31, 2010 to stockholders of record on December 17, 2010. Yield on the dividend is 4.7%.... Read more

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