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Eqy Investment

Autor:   •  March 24, 2012  •  Essay  •  463 Words (2 Pages)  •  1,124 Views

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Presently you own 10,000 shares of Equity One Inc. (EQY) stock. After reviewing the most recent quarterly reports, financial statements and earnings call I have decided it would be beneficial to purchase an additional 10,000 shares. Strategic acquisitions along with profitable dispositions, positive outlooks by rating agencies, and expected growth all reinforce my suggestion to purchase more stock of EQY.

According to a press release put out by Equity One Inc. in the past quarter they have contracted and acquired high quality retail assets in target market areas including the Northeast, South Florida and California. These new acquisitions are primarily anchored by grocery stores which are expected to have consistent revenues throughout the year. Consistent revenues will help to aid rent payments. Properties acquired by EQY this past quarter include premium retail corridors in Queens, NY and a productive shopping center in Aventura, Fl. These extremely profitable shopping centers in addition to EQY’s other assets have occupancy of more than 90% with expected continued growth. In addition to the recent acquisitions made by EQY, they have also disposed of some of their assets. Located in California, Florida and South Carolina, these properties generated gains. The expected growth of the new acquisitions coupled with the profits from the sale of properties suggests additional investing with the company.

Along with the new acquisitions, Equity One has reported growth in the past quarter, and expects to see a continued increase in the future. EQY has seen a 1.1% increase in same property NOI as compared to last year’s third quarter. Furthermore, there was an increase in occupancy from last year, as well as an increase in FFO for the nine months ended from last year. These increases in the past year are expected to continue to rise in the future, therefore suggesting increasing the investment with EQY.

As a result of the growth stated

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