XML 13 R4.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Condensed Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
REVENUE:        
Minimum rent $ 67,364 $ 54,732 $ 132,735 $ 108,428
Expense recoveries 19,586 15,761 37,967 30,600
Percentage rent 660 313 2,126 1,358
Management and leasing services 641 399 1,107 772
Total revenue 88,251 71,205 173,935 141,158
COSTS AND EXPENSES:        
Property operating 24,702 20,152 49,190 39,912
Rental property depreciation and amortization 24,351 16,755 46,786 33,043
General and administrative 13,335 11,741 25,312 21,828
Total costs and expenses 62,388 48,648 121,288 94,783
INCOME BEFORE OTHER INCOME AND EXPENSE, TAX AND DISCONTINUED OPERATIONS 25,863 22,557 52,647 46,375
OTHER INCOME AND EXPENSE:        
Investment income 969 489 1,662 648
Equity in income (loss) in unconsolidated joint ventures 177 (42) 811 (82)
Other income 41 103 170 156
Interest expense (21,246) (19,335) (42,532) (39,243)
Amortization of deferred financing fees (562) (454) (1,105) (900)
Gain on bargain purchase     53,467  
Gain on sale of real estate 4,606 440 4,606 440
Gain on extinguishment of debt 213 63 255 63
Other expense (145)   (145)  
Income tax benefit of taxable REIT subsidiaries 553 926 1,118 1,994
INCOME FROM CONTINUING OPERATIONS BEFORE TAX AND DISCONTINUED OPERATIONS 9,916 3,821 69,836 7,457
INCOME FROM CONTINUING OPERATIONS 10,469 4,747 70,954 9,451
DISCONTINUED OPERATIONS:        
Operations of income producing properties sold or held for sale 390 24 774 115
(Loss) gain on disposal of income producing properties (13) 1,458 (13) 1,458
Impairment loss on income producing properties held for sale (1,277)   (1,277)  
(LOSS) INCOME FROM DISCONTINUED OPERATIONS (900) 1,482 (516) 1,573
NET INCOME 9,569 6,229 70,438 11,024
Net (income) loss attributable to noncontrolling interests (2,135) 10 (4,517) 647
NET INCOME ATTRIBUTABLE TO EQUITY ONE, INC. $ 7,434 $ 6,239 $ 65,921 $ 11,671
EARNINGS PER COMMON SHARE - BASIC:        
Continuing operations $ 0.07 $ 0.05 $ 0.61 $ 0.11
Discontinued operations $ (0.01) $ 0.02   $ 0.02
Total earnings per common share - basic $ 0.07 $ 0.07 $ 0.61 $ 0.13
Number of Shares Used in Computing Basic Earnings per Share 108,942 92,141 107,605 89,939
EARNINGS PER COMMON SHARE - DILUTED:        
Continuing operations $ 0.07 $ 0.05 $ 0.59 $ 0.11
Discontinued operations $ (0.01) $ 0.02   $ 0.02
Total earnings per common share - diluted $ 0.07 $ 0.07 $ 0.59 $ 0.13
Number of Shares Used in Computing Diluted Earnings per Share 109,112 92,255 118,875 90,198