Thursday, March 4, 2010

Equity One, the "S.E.C. REIT" gives slightly below expected guidance, still a healthy dividend (EQY)

Retail REIT Equity One (EQY) reported q4 2009 results a few minutes ago.  Funds From Operations of 28cents were 2cents higher than expected.

2010 guidance for FFO of 1.02-1.10 is a bit below the average estimate of 1.10.

The company announced they will pay a 22cent dividend on March 31st, for an annualized rate of 88cents or a 4.75% dividend yield.  That's a pretty good yield even without the possibility of the dividend being upped to 2009's 30cent per quarter level.

I refer to the company as the "S.E.C. REIT" due to their geographic ties to that powerful sports conference.  The demographics, I might add, are excellent....

(note-  this pic is just page 3)

Copyright 2010 AlphaNinja

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