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Condensed Consolidating Financial Information
 6 Months Ended
Jun. 30, 2011
Condensed Consolidating Financial Information [Abstract]  
Condensed Consolidating Financial Information
16. Condensed Consolidating Financial Information
Many of our subsidiaries have guaranteed our indebtedness under the unsecured senior notes and the revolving credit facilities. The guarantees are joint and several and full and unconditional.
                                         
          Combined                    
Condensed Consolidating           Guarantor     Non-Guarantor              
Balance Sheet as of June 30, 2011   Equity One, Inc.     Subsidiaries     Subsidiaries     Eliminating Entries     Consolidated  
 
    (In thousands)  
ASSETS
                                       
Properties, net
  $ 296,483     $ 1,327,140     $ 1,331,691     $ (91 )   $ 2,955,223  
Investment in affiliates
    1,228,310       —       —       (1,228,310 )     —  
Other assets
    210,048       58,820       957,391       (885,050 )     341,209  
 
                             
Total Assets
  $ 1,734,841     $ 1,385,960     $ 2,289,082     $ (2,113,451 )   $ 3,296,432  
 
                             
LIABILITIES
                                       
Mortgage notes payable
  $ 30,672     $ 170,789     $ 601,434     $ (144,622 )   $ 658,273  
Unsecured senior notes payable
    1,291,136       —       70,708       (670,708 )     691,136  
Unsecured revolving credit facilities
    63,500       —       —       —       63,500  
Unamortized/unaccreted (discount)/premium on notes payable
    (2,600 )     1,469       (15,461 )     —       (16,592 )
Other liabilities
    12,417       82,090       138,879       (16,585 )     216,801  
 
                             
Total Liabilities
  $ 1,395,125     $ 254,348     $ 795,560     $ (831,915 )   $ 1,613,118  
Redeemable noncontrolling interests
    —       —       —       3,851       3,851  
STOCKHOLDERS’ EQUITY
    339,716       1,131,612       1,493,522       (1,285,387 )     1,679,463  
 
                             
TOTAL LIABILITIES AND STOCKHOLDER’S EQUITY
  $ 1,734,841     $ 1,385,960     $ 2,289,082     $ (2,113,451 )   $ 3,296,432  
 
                             
 
            Combined                    
Condensed Consolidating Balance           Guarantor     Non-Guarantor              
Sheet as of December 31, 2010   Equity One, Inc.     Subsidiaries     Subsidiaries     Eliminating Entries     Consolidated  
 
    (In thousands)  
ASSETS
                                       
Properties, net
  $ 300,284     $ 1,346,173     $ 783,762     $ (91 )   $ 2,430,128  
Investment in affiliates
    628,310       —       —       (628,310 )     —  
Other assets
    166,966       65,014       174,556       (154,800 )     251,736  
 
                             
Total Assets
  $ 1,095,560     $ 1,411,187     $ 958,318     $ (783,201 )   $ 2,681,864  
 
                             
LIABILITIES
                                       
Mortgage notes payable
  $ 31,548     $ 203,873     $ 442,861     $ (144,622 )   $ 533,660  
Unsecured senior notes payable
    691,136       —       —       —       691,136  
Unamortized/unaccreted (discount)/ premium on notes payable
    (2,780 )     1,630       (20,773 )     —       (21,923 )
Other liabilities
    14,687       80,569       100,299       (10,269 )     185,286  
 
                             
Total Liabilities
    734,591       286,072       522,387       (154,891 )     1,388,159  
 
                                       
Redeemable noncontrolling interests
    —       —       —       3,864       3,864  
 
                                       
STOCKHOLDERS’ EQUITY
    360,969       1,125,115       435,931       (632,174 )     1,289,841  
 
                             
TOTAL LIABILITIES AND STOCKHOLDER’S EQUITY
  $ 1,095,560     $ 1,411,187     $ 958,318     $ (783,201 )   $ 2,681,864  
 
                             
                                         
          Combined                    
Condensed Consolidating Statement of Income for   Equity One,     Guarantor     Non-Guarantor     Eliminating        
the three months ended June 30, 2011   Inc.     Subsidiaries     Subsidiaries     Entries     Consolidated  
 
    (In thousands)  
REVENUE:
                                       
Minimum rent
  $ 7,798     $ 32,075     $ 27,491     $ —     $ 67,364  
Expense recoveries
    2,295       9,086       8,205       —       19,586  
Percentage rent
    10       299       351       —       660  
Management and leasing services
    —       24       617       —       641  
 
                             
Total revenue
    10,103       41,484       36,664       —       88,251  
 
                             
 
                                       
EQUITY IN SUBSIDIARIES’ EARNINGS:
    27,709       —       —       (27,709 )     —  
 
                             
COSTS AND EXPENSES:
                                       
Property operating
    3,108       11,177       10,417       —       24,702  
Rental property depreciation and amortization
    1,852       10,677       11,792       30       24,351  
General and administrative
    9,824       2,108       1,479       (76 )     13,335  
 
                             
Total costs and expenses
    14,784       23,962       23,688       (46 )     62,388  
 
                             
INCOME BEFORE OTHER INCOME AND EXPENSE, TAX AND DISCONTINUED OPERATIONS
    23,028       17,522       12,976       (27,663 )     25,863  
OTHER INCOME AND EXPENSE:
                                       
Investment income
    7,227       11       11,568       (17,837 )     969  
Equity in income in unconsolidated joint ventures
    —       —       177       —       177  
Other income
    14       11       16       —       41  
Interest expense
    (22,507 )     (2,285 )     (14,291 )     17,837       (21,246 )
Amortization of deferred financing fees
    (505 )     (15 )     (42 )     —       (562 )
Gain on sale of real estate
    3,604       318       684       —       4,606  
Gain on extinguishment of debt
    —       —       213       —       213  
Other expense
    —       (145 )     —       —       (145 )
 
                             
INCOME FROM CONTINUING OPERATIONS BEFORE TAX AND DISCONTINUED OPERATIONS
    10,861       15,417       11,301       (27,663 )     9,916  
Income tax (provision) benefit of taxable REIT subsidiaries
    —       (24 )     577       —       553  
 
                             
INCOME (LOSS) FROM CONTINUING OPERATIONS
    10,861       15,393       11,878       (27,663 )     10,469  
 
                             
DISCONTINUED OPERATIONS:
                                       
Operations of income producing properties sold or held for sale
    (15 )     18       387       —       390  
(Loss) gain on disposal of income producing properties
    —       (13 )     —       —       (13 )
Impairment loss on income producing properties held for sale
    (1,277 )     —       —       —       (1,277 )
 
                             
(LOSS) INCOME FROM DISCONTINUED OPERATIONS
    (1,292 )     5       387       —       (900 )
 
                             
NET INCOME (LOSS)
    9,569       15,398       12,265       (27,663 )     9,569  
 
                             
Net (income) loss attributable to noncontrolling interests
    (2,135 )     —       —       —       (2,135 )
 
                             
NET INCOME (LOSS) ATTRIBUTABLE TO EQUITY ONE, INC.
  $ 7,434     $ 15,398     $ 12,265     $ (27,663 )   $ 7,434  
 
                             
                                         
          Combined                    
Condensed Consolidating Statement of Income for   Equity One,     Guarantor     Non-Guarantor     Eliminating        
the three months ended June 30, 2010   Inc.     Subsidiaries     Subsidiaries     Entries     Consolidated  
 
    (In thousands)  
REVENUE:
                                       
Minimum rent
  $ 7,866     $ 31,943     $ 14,923     $ —     $ 54,732  
Expense recoveries
    2,388       9,283       4,090               15,761  
Percentage rent
    50       200       63       —       313  
Management and leasing services
    —       18       381       —       399  
 
                             
Total revenue
    10,304       41,444       19,457       —       71,205  
 
                             
 
                                       
EQUITY IN SUBSIDIARIES’ EARNINGS:
    17,730       —       —       (17,730 )     —  
 
                             
COSTS AND EXPENSES:
                                       
Property operating
    2,707       12,210       5,235       —       20,152  
Rental property depreciation and amortization
    1,848       9,169       5,729       9       16,755  
General and administrative
    10,223       916       676       (74 )     11,741  
 
                             
Total costs and expenses
    14,778       22,295       11,640       (65 )     48,648  
 
                             
INCOME BEFORE OTHER INCOME AND EXPENSE, TAX AND DISCONTINUED OPERATIONS
    13,256       19,149       7,817       (17,665 )     22,557  
OTHER INCOME AND EXPENSE:
                                       
Investment income
    3,265       7       5       (2,788 )     489  
Equity in loss in unconsolidated joint ventures
    —       —       (42 )     —       (42 )
Other income
    88       —       15       —       103  
Interest expense
    (11,433 )     (3,091 )     (7,599 )     2,788       (19,335 )
Amortization of deferred financing fees
    (389 )     (33 )     (32 )     —       (454 )
Gain on sale of real estate
    —       —       440       —       440  
Gain on extinguishment of debt
    —       5       58       —       63  
 
                             
INCOME FROM CONTINUING OPERATIONS BEFORE TAX AND DISCONTINUED OPERATIONS
    4,787       16,037       662       (17,665 )     3,821  
Income tax benefit of taxable REIT subsidiaries
    —       192       734       —       926  
 
                             
INCOME (LOSS) FROM CONTINUING OPERATIONS
    4,787       16,229       1,396       (17,665 )     4,747  
 
                             
DISCONTINUED OPERATIONS:
                                       
Operations of income producing properties sold or held for sale
    (16 )     —       40       —       24  
Gain on disposal of income producing properties
    1,458       —       —       —       1,458  
 
                             
INCOME FROM DISCONTINUED OPERATIONS
    1,442       —       40       —       1,482  
 
                             
NET INCOME (LOSS)
    6,229       16,229       1,436       (17,665 )     6,229  
Net loss attributable to noncontrolling interests
    10       —       —       —       10  
 
                             
NET INCOME (LOSS) ATTRIBUTABLE TO EQUITY ONE, INC.
  $ 6,239     $ 16,229     $ 1,436     $ (17,665 )   $ 6,239  
 
                             
                                         
            Combined                    
Condensed Consolidating Statement of Income for the   Equity One,     Guarantor     Non-Guarantor     Eliminating        
six months ended June 30, 2011   Inc.     Subsidiaries     Subsidiaries     Entries     Consolidated  
 
    (In thousands)  
REVENUE:
                                       
Minimum rent
  $ 15,692     $ 63,853     $ 53,190     $ —     $ 132,735  
Expense recoveries
    4,337       18,108       15,522       —       37,967  
Percentage rent
    97       873       1,156       —       2,126  
Management and leasing services
    —       48       1,059       —       1,107  
 
                             
Total revenue
    20,126       82,882       70,927       —       173,935  
 
                             
 
                                       
EQUITY IN SUBSIDIARIES’ EARNINGS:
    56,261       —       —       (56,261 )     —  
 
                             
COSTS AND EXPENSES:
                                       
Property operating
    6,153       22,859       20,178       —       49,190  
Rental property depreciation and amortization
    3,660       19,547       23,531       48       46,786  
General and administrative
    16,847       4,382       4,294       (211 )     25,312  
 
                             
Total costs and expenses
    26,660       46,788       48,003       (163 )     121,288  
 
                             
INCOME BEFORE OTHER INCOME AND EXPENSE, TAX AND DISCONTINUED OPERATIONS
    49,727       36,094       22,924       (56,098 )     52,647  
OTHER INCOME AND EXPENSE:
                                       
Investment income
    10,005       12       22,390       (30,745 )     1,662  
Equity in income in unconsolidated joint ventures
    —       —       811       —       811  
Other income
    133       21       16       —       170  
Interest expense
    (44,216 )     (5,000 )     (24,061 )     30,745       (42,532 )
Amortization of deferred financing fees
    (985 )     (34 )     (86 )     —       (1,105 )
Gain on bargain purchase
    53,467       —       —       —       53,467  
Gain on sale of real estate
    3,604       318       684       —       4,606  
Gain on extinguishment of debt
    —       42       213       —       255  
Other expense
    —       (145 )     —       —       (145 )
 
                             
INCOME FROM CONTINUING OPERATIONS BEFORE TAX AND DISCONTINUED OPERATIONS
    71,735       31,308       22,891       (56,098 )     69,836  
Income tax (provision) benefit of taxable REIT subsidiaries
    —       (32 )     1,150       —       1,118  
 
                             
INCOME FROM CONTINUING OPERATIONS
    71,735       31,276       24,041       (56,098 )     70,954  
 
                             
DISCONTINUED OPERATIONS:
                                       
Operations of income producing properties sold or held for sale
    (20 )     41       753       —       774  
Loss on disposal of income producing properties
    —       (13 )     —       —       (13 )
Impairment loss on income producing properties held for sale
    (1,277 )     —       —       —       (1,277 )
 
                             
(LOSS) INCOME FROM DISCONTINUED OPERATIONS
    (1,297 )     28       753       —       (516 )
 
                             
NET INCOME
    70,438       31,304       24,794       (56,098 )     70,438  
Net (income) loss attributable to noncontrolling interests
    (4,517 )     —       —       —       (4,517 )
 
                             
NET INCOME ATTRIBUTABLE TO EQUITY ONE, INC.
  $ 65,921     $ 31,304     $ 24,794     $ (56,098 )   $ 65,921  
 
                             
                                         
            Combined                    
Condensed Consolidating Statement of Income for   Equity One,     Guarantor     Non-Guarantor     Eliminating        
the six months ended June 30, 2010   Inc.     Subsidiaries     Subsidiaries     Entries     Consolidated  
 
    (In thousands)  
REVENUE:
                                       
Minimum rent
  $ 15,633     $ 62,899     $ 29,896     $ —     $ 108,428  
Expense recoveries
    4,507       17,967       8,126       —       30,600  
Percentage rent
    115       801       442       —       1,358  
Management and leasing services
    (2 )     33       741       —       772  
 
                             
Total revenue
    20,253       81,700       39,205       —       141,158  
 
                             
 
                                       
EQUITY IN SUBSIDIARIES’ EARNINGS:
    33,398       —       —       (33,398 )     —  
 
                             
COSTS AND EXPENSES:
                                       
Property operating
    5,095       23,512       11,305       —       39,912  
Rental property depreciation and amortization
    3,656       17,665       11,711       11       33,043  
General and administrative
    18,088       1,872       1,975       (107 )     21,828  
 
                             
Total costs and expenses
    26,839       43,049       24,991       96       94,783  
 
                             
INCOME BEFORE OTHER INCOME AND EXPENSE, TAX AND DISCONTINUED OPERATIONS
    26,812       38,651       14,214       (33,302 )     46,375  
OTHER INCOME AND EXPENSE:
                                       
Investment income
    6,176       35       13       (5,576 )     648  
Equity in loss in unconsolidated joint ventures
    —       —       (82 )     —       (82 )
Other income
    131       —       25       —       156  
Interest expense
    (22,821 )     (6,815 )     (15,183 )     5,576       (39,243 )
Amortization of deferred financing fees
    (772 )     (64 )     (64 )     —       (900 )
Gain on sale of real estate
    —       —       440       —       440  
Gain on extinguishment of debt
    —       5       58       —       63  
 
                             
INCOME/(LOSS) FROM CONTINUING OPERATIONS BEFORE TAX AND DISCONTINUED OPERATIONS
    9,526       31,812       (579 )     (33,302 )     7,457  
Income tax benefit of taxable REIT subsidiaries
    —       367       1,627       —       1,994  
 
                             
 
                                       
INCOME FROM CONTINUING OPERATIONS
    9,526       32,179       1,048       (33,302 )     9,451  
 
                             
DISCONTINUED OPERATIONS:
                                       
Operations of income producing properties sold or held for sale
    40       72       3       —       115  
Gain on disposal of income producing properties
    1,458       —       —       —       1,458  
 
                             
INCOME FROM DISCONTINUED OPERATIONS
    1,498       72       3       —       1,573  
 
                             
NET INCOME
    11,024       32,251       1,051       (33,302 )     11,024  
Net loss attributable to noncontrolling interests
    647       —       —       —       647  
 
                             
NET INCOME ATTRIBUTABLE TO EQUITY ONE, INC.
  $ 11,671     $ 32,251     $ 1,051     $ (33,302 )   $ 11,671  
 
                             
                                 
            Combined              
Condensed Consolidating Statement of Cash Flows for the six           Guarantor     Non-Guarantor        
months ended June 30, 2011   Equity One, Inc.     Subsidiaries     Subsidiaries     Consolidated  
 
    (In thousands)  
Net cash provided by (used in) operating activities
  $ 20,742     $ 32,448     $ 6,132     $ 59,322  
 
                       
INVESTING ACTIVITIES:
                               
Acquisition of income producing properties
    (55,000 )     —       (45,472 )     (100,472 )
Additions to income producing properties
    (1,428 )     (3,758 )     (1,474 )     (6,660 )
Additions to construction in progress
    (849 )     (6,585 )     (69 )     (7,503 )
Proceeds from sale of real estate and rental properties
    2,346       11,705       28,001       42,052  
Increase in deferred leasing costs and lease intangibles
    (831 )     (2,101 )     (599 )     (3,531 )
Investment in joint ventures
    —       —       (9,769 )     (9,769 )
Investment in consolidated subsidiary
    —       —       (242 )     (242 )
Advances to subsidiaries, net
    (123,639 )     1,375       122,264       —  
 
                       
Net cash (used in) provided by investing activities
    (179,401 )     636     92,640     (86,125 )
 
                       
FINANCING ACTIVITIES:
                               
Repayments of mortgage notes payable
    (878 )     (33,084 )     (109,421 )     (143,383 )
Net borrowings under revolving credit facilities
    63,500       —       —       63,500  
Proceeds from issuance of common stock
    116,617       —       —       116,617  
Payment of deferred financing costs
    (101 )     —       (151 )     (252 )
Stock issuance costs
    (982 )     —       —       (982 )
Dividends paid to stockholders
    (48,743 )     —       —       (48,743 )
Distributions to noncontrolling interests
    (4,523 )     —       —       (4,523 )
 
                       
Net cash provided by (used in) financing activities
    124,890       (33,084 )     (109,572 )     (17,766 )
 
                       
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
    (33,769 )     —     (10,800 )     (44,569 )
CASH AND CASH EQUIVALENTS OBTAINED THROUGH ACQUISITION
    —       —       23,412       23,412  
CASH AND CASH EQUIVALENTS, BEGINNING OF THE PERIOD
    38,333       —       —       38,333  
 
                       
CASH AND CASH EQUIVALENTS, END OF THE PERIOD
  $ 4,564     $ —   $ 12,612   $ 17,176  
 
                       
                                 
            Combined              
Condensed Consolidating Statement of Cash Flows for the           Guarantor     Non-Guarantor        
six months ended June 30, 2010   Equity One, Inc.     Subsidiaries     Subsidiaries     Consolidated  
 
    (In thousands)  
Net cash (used in) provided by operating activities
  $ (67,238 )   $ 68,392     $ 37,739     $ 38,893  
 
                       
INVESTING ACTIVITIES:
                               
Acquisition of income producing properties
    —       (33,278 )     —       (33,278 )
Additions to income producing properties
    (1,116 )     (1,237 )     (1,482 )     (3,835 )
Additions to and purchases of land held for development
    (1,337 )     —       —       (1,337 )
Additions to construction in progress
    (3,651 )     (664 )     (934 )     (5,249 )
Proceeds from sale of real estate and rental properties
    1,861       572       —       2,433  
Increase in deferred leasing costs and lease intangibles
    (687 )     (562 )     (635 )     (1,884 )
Investment in joint ventures
    —       —       (1,000 )     (1,000 )
Investment in consolidated subsidiary
    (12,635 )     —       —       (12,635 )
Advances to joint ventures
    —       —       (118 )     (118 )
Proceeds from sale of securities
    841       —       —       841  
Advances to subsidiaries, net
    10,520       14,768       (25,288 )     —  
 
                       
Net cash (used in) investing activities
    (6,204 )     (20,401 )     (29,457 )     (56,062 )
 
                       
FINANCING ACTIVITIES:
                               
Repayments of mortgage notes payable
    (12,103 )     (47,792 )     (8,282 )     (68,177 )
Proceeds from issuance of common stock
    99,959       —       —       99,959  
Payment of deferred financing costs
    (228 )     (199 )     —       (427 )
Stock issuance costs
    (1,292 )     —       —       (1,292 )
Dividends paid to stockholders
    (40,694 )     —       —       (40,694 )
 
                       
Net cash provided by (used in) financing activities
    45,642       (47,991 )     (8,282 )     (10,631 )
 
                       
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS
    (27,800 )     —     —       (27,800 )
CASH AND CASH EQUIVALENTS, BEGINNING OF THE PERIOD
    47,970       —       —       47,970  
 
                       
CASH AND CASH EQUIVALENTS, END OF THE PERIOD
  $ 20,170     $ —     $ —     $ 20,170