Equity One Inc
(NYSE: EQY)
22.40
-0.81-3.49%Today's Close
|
22.40
unch
After hours
-0.81-3.49%Today's Close
|
22.40
unch
After hours
MORE ON EQY
COMPANY INFORMATION
| Exchange: | New York Stock Exchange |
| Stock: | Equity One, Inc. |
| Industry: | REIT - Retail |
| Employees: | 177 |
DESCRIPTION
| Equity One, Inc. was organized as a Maryland corporation in 1992. It completed its initial public offering in May 1998, and has elected to be taxed as a REIT since 1995. The Company operates as a self-managed real estate investment trust or REIT that mainly acquires, renovates, develops and manages neighborhood and community shopping centers anchored by leading supermarkets, drug stores or discount retail store chains. Its consolidated property portfolio comprised 168 properties, including 144 retail properties and six non-retail properties totaling approximately 16.9 million square feet of gross leasable area, or GLA, 11 development or redevelopment properties with approximately 2.2 million square feet of GLA upon completion, and seven land parcels. Many of the Company’s properties are located in some of the densely populated areas of the country, including the metropolitan areas around Miami, Ft. Lauderdale, West Palm Beach, Tampa, Jacksonville and Orlando, Florida, Atlanta, Georgia, and Boston, Massachusetts. Strong trade-area demographics help its tenants generate high sales, which has enabled it to maintain high occupancy rates and increase rental rates. There are numerous commercial developers, real estate companies, REITs and other owners of real estate in the areas in which the Company’s properties are located that compete with it with respect to the leasing of its properties and in seeking land for development or properties for acquisition. |
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