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Condensed Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
REVENUE:        
Minimum rent $ 62,591 $ 55,000 $ 123,318 $ 108,006
Expense recoveries 18,641 16,882 36,562 32,609
Percentage rent 791 621 2,745 2,075
Management and leasing services 500 641 1,304 1,107
Total revenue 82,523 73,144 163,929 143,797
COSTS AND EXPENSES:        
Property operating 21,983 20,495 44,008 40,988
Rental property depreciation and amortization 23,024 20,745 44,704 39,473
General and administrative 10,627 13,336 22,187 25,316
Total costs and expenses 55,634 54,576 110,899 105,777
INCOME BEFORE OTHER INCOME AND EXPENSE, TAX AND DISCONTINUED OPERATIONS 26,889 18,568 53,030 38,020
OTHER INCOME AND EXPENSE:        
Investment income 1,584 967 3,029 1,660
Equity in (loss) income of unconsolidated joint ventures (152) (98) (340) 268
Other (loss) income (7) 25 134 156
Interest expense (17,843) (17,389) (35,212) (34,940)
Amortization of deferred financing fees (616) (558) (1,209) (1,097)
Gain on bargain purchase 0 0 0 30,561
Gain on sale of real estate 0 4,606 0 4,606
Gain on extinguishment of debt 436 213 343 255
Impairment loss (3,948) (145) (3,948) (145)
INCOME FROM CONTINUING OPERATIONS BEFORE TAX AND DISCONTINUED OPERATIONS 6,343 6,189 15,827 39,344
Income tax benefit of taxable REIT subsidiaries 15 174 61 307
INCOME FROM CONTINUING OPERATIONS 6,358 6,363 15,888 39,651
DISCONTINUED OPERATIONS:        
Operations of income producing properties sold or held for sale 156 3,669 (16) 7,324
(Loss) gain on disposal of income producing properties 0 (13) 14,269 (13)
Impairment loss on income producing properties sold or held for sale (1,493) (1,277) (3,425) (1,277)
Income tax benefit of taxable REIT subsidiaries 0 379 0 811
(LOSS) INCOME FROM DISCONTINUED OPERATIONS (1,337) 2,758 10,828 6,845
NET INCOME 5,021 9,121 26,716 46,496
Net income attributable to noncontrolling interests - continuing operations (2,753) (2,148) (5,466) (4,547)
Net loss attributable to noncontrolling interests - discontinued operations 0 13 0 30
NET INCOME ATTRIBUTABLE TO EQUITY ONE, INC. $ 2,268 $ 6,986 $ 21,250 $ 41,979
EARNINGS (LOSS) PER COMMON SHARE - BASIC:        
Continuing operations (in usd per share) $ 0.03 $ 0.04 $ 0.09 $ 0.32
Discontinued operations (in usd per share) $ (0.01) $ 0.03 $ 0.10 $ 0.06
Earnings per common share - Basic (in usd per share) $ 0.02 $ 0.06 [1] $ 0.18 [1] $ 0.38
Number of Shares Used in Computing Basic Earnings per Share 112,715 108,942 112,682 107,605
EARNINGS (LOSS) PER COMMON SHARE - DILUTED:        
Continuing operations (in usd per share) $ 0.03 $ 0.04 $ 0.09 $ 0.32
Discontinued operations (in usd per share) $ (0.01) $ 0.03 $ 0.09 $ 0.06
Earnings per common share - Diluted (in usd per share) $ 0.02 $ 0.06 [1] $ 0.18 $ 0.38
Number of Shares Used in Computing Diluted Earnings per Share 113,210 109,112 112,940 107,768
[1] Note: EPS does not foot due to the rounding of the individual calculations.