Although shopping center owner Equity One took a hit on several key financial categories in the third quarter, executives said they were in line with expectations and revealed plans to raise money for acquisitions by selling lesser properties.
Equity One, a North Miami Beach retail real estate investment trust, on Wednesday reported $22.2 million in funds from operations, a 29 percent drop from $31.3 million in the same three months of 2009. FFO is a key measure of the performance for real estate investment trusts such as Equity One.
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