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Equity One Inc. Message Board

  • riomel riomel Feb 18, 2004 10:30 AM Flag

    No Postings

    It cannot be that no one has posted here on this board for the past ten days. CAN IT?

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    • This is not a mo-mo hottie stock. It is one that grows slowly and steadily... not given to the emotions and rature of a RIMM or Rambus with news to jerk the investor all over the place.

      I bought for a couple reasons.

      Solid track record of growth at a great valuation.

      Many different insiders consistently buying.

      Bricks and mortar type of investments the company makes... something we can all understand.

      EQY buys in higher growth areas

      The management is lean and mean and knows how to make a buck..

      So i am content to just watch.. it grow..

      • 1 Reply to fly_piscator
      • I bought for a couple reasons.
        Me 2!!
        2003 Highlights
         Increased Funds from Operations ("FFO") 97.6% to $89.9 million in 2003 from $45.5 million in 2002;
         Increased FFO per diluted share 7.4% to $1.46 in 2003 from $1.36 in 2002;
         Acquired 105 properties totaling $974 million, including the $763 million IRT Property Company merger;
         Increased the rental rate by 3.1% on 284 lease renewals aggregating 674,889 square feet to $12.30 per square foot;
         Executed 367 new leases totaling 1,144,882 square feet at an average rate of $10.89 per square foot;
         Increased leasing rate to 91.6% in the core portfolio;
         Reduced leverage to 39.3% debt to total market capitalization;
         Paid $1.10 in dividends, reflecting an increase in the quarterly rate from $0.27 to $0.28 in the third quarter of 2003 and an overall FFO payout ratio of 75.3%;
         Raised over $140 million in new equity via two secondary offerings and our Dividend Reinvestment and Stock Purchase Plan; and
         Delivered a 35.3% annualized return to full-year stockholders, assuming re-investment of all dividends on the respective payment dates.

31.15+0.27(+0.87%)Aug 29 4:02 PMEDT