Equity One Q2 FFO Rises - Quick Facts

(RTTNews) - Equity One Inc. (EQY) Wednesday said second-quarter funds from operations, or FFO, improved to $36.8 million or $0.28 per share from $34.3 million or $0.28 per share in the same period last year.

Recurring FFO for the quarter was $80.6 million or $0.63 per share. On average, 12 analysts polled by Thomson Reuters expected the company to report FFO of $0.30 per share for the quarter. Analysts' estimates typically exclude special items.

Net income attributable to Equity One surged to $33.6 million or $0.28 per share from $2.3 million or $0.02 per share last year.

Looking ahead to the fiscal 2013, the company currently projects FFO attributable to Equity One in a range of $1.16 to $1.19 per share, compared to $1.15 and $1.19, issued previously.

Recurring FFO is currently projected in a range of $1.20 to $1.23 per share, up from its previous guidance range of $1.19 to $1.23 per share. Analysts currently expect full-year FFO of $1.21 per share.