The news came a day after it's Florida-based subsidiary, Equity One Inc. of North Miami, filed a shelf registration statement with the Securities and Exchange Commission. Gazit also said it might be impacted by Kmart's reorganization filing, according to published reports.

Equity One is a real estate investment with a portfolio of 86 properties, mostly in Florida and Texas. Chaim Katzman is the REIT's chairman.

"Gazit-Globe's profit warning has nothing to do" with Kmart's bankruptcy filing, Katzman tells GlobeSt. "The profit warning was a technical accounting issue related to negative inflation in the United States and Canada."

Katzman says Kmart's leased space from Equity One accounts for less than 2% of revenue.

According to published reports in Jerusalem, Equity One said it filed a shelf registration statement with the SEC, which will let the company sell up to $250 million worth of securities to raise money. The company also said last week it raised $8.9 million in a private placement stock sale.

Kmart rents space from Equity One at three locations in Florida and Texas. If these locations are among the ones Kmart closes, Equity One could lose some $1.5 million in annual income, according to published reports.

But Katzman tells GlobeSt.com he has no indication the Kmart stores leased from Equity One are in financial trouble.

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