Equity One (EQY) Reports In-Line Q2 EPS

Equity One (NYSE: EQY) reported Q2 EPS of $0.31, in-line with the analyst estimate of $0.31. Revenue for the quarter came in at $90.7 million versus the consensus estimate of $87.61 million.

“We are delighted with our progress and outstanding results this quarter, including the final entitlement of our $109 million redevelopment and expansion project at Serramonte Center, as well as strong core operating performance that exceeded our expectations in almost every area,” said David Lukes, CEO. “I am also pleased to announce the further simplification of our corporate structure through the unwinding of our GRI joint venture in a transaction in which we received three properties, located in Miami, Florida, in exchange for our interest in the venture and an additional investment of $23.5 million.”

For earnings history and earnings-related data on Equity One (EQY) click here.

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