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

Equity One, Inc. (NYSE:

), 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. (

) 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