Equity One Q4 FFO Up - Quick Facts

(RTTNews) - Equity One Inc. (EQY) Wednesday reported fourth-quarter funds from operations, or FFO of $35.88 million or $0.28 per share, up from $3.08 million or $0.03 per share in the same period last year.

Recurring FFO for the quarter was $38.35 million or $0.30 per share. On average, 16 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 for the quarter totaled $9.15 million or $0.08 per share, compared to a loss of $32.79 million or $0.28 per share last year.

Revenues increased to $86.62 million from $78.95 million last year. Analysts expected revenues of $85.03 million.

Looking ahead, the company has forecast recurring FFO in a range of $1.23 to $1.28 per share. Analysts currently expect full-year FFO of $1.29 per share.