Equity One Reports Third Quarter 2010 Operating Results: EPS of $0.24

Equity One, Inc. EQY, an owner, developer, and operator of shopping centers, announced today its financial results for the three and nine months ended September 30, 2010. During the third quarter, the company: * Reported quarterly Funds From Operations (FFO) of $0.24 per diluted share and FFO for the first nine months of $0.73 per diluted share * Reported core occupancy of 89.9%, down 20 basis points from June 30, 2010 * Reported a decline in same property net operating income of 0.6% as compared to third quarter 2009 * Increased its unsecured revolving credit facility from $272 million to $400 million and added four new financial institutions to the bank group * Bought additional shares of DIM Vastgoed N.V. (DIM) increasing its ownership to approximately 97.4% as of September 30, 2010 * Acquired four properties for $85.6 million: 1175 Third Avenue in New York, NY for $21.0 million, two shopping centers in Miami Dade County for $45.3 million and one shopping center in Jacksonville, FL for $19.3 million