New York, NY, 2016-Oct-10 — /EPR Retail News/ — Equity One, Inc. (NYSE:EQY), an owner, developer, and operator of shopping centers, provided a preliminary property assessment of the impact that Hurricane Matthew had on its Florida portfolio. The company noted that, based on its initial assessment, it does not appear that any of the properties within this portfolio sustained any material damage. A final determination will be made as soon as possible and will require more intensive inspections, but the initial reports indicate that no material damage was sustained at this time.
ABOUT EQUITY ONE, INC.
As of June 30, 2016, the company’s portfolio comprised 122 properties, including 97 retail properties and five nonretail properties totaling approximately 12.2 million square feet of gross leasable area, or GLA, 14 development or redevelopment properties with approximately 2.9 million square feet of GLA, and six land parcels. As of June 30, 2016, the company’s retail occupancy excluding developments and redevelopments was 96.3% and included national, regional and local tenants. Additionally, the company had joint venture interests in six retail properties and two office buildings totaling approximately 1.4 million square feet of GLA. To be included in the company’s e-mail distributions for press releases and other company notices, please click here or send contact details to Investor Relations at investorrelations@equityone.com
Contact:
Equity One, Inc.
410 Park Avenue, Suite 1220
New York, NY 10022
212-796-1760
For additional information:
Matthew Ostrower
EVP and Chief Financial Officer
Source: EQUITY ONE, INC.