On its previously owned 88 properties, Equity One posted $10 million, up from $8.7 million in the comparable 2001 period. But FFO per diluted share decreased 3.3% to 29 cents in 2002 from 30 cents in the 2001 quarter.
For the year ended Dec. 31, 2002, FFO increased 54.8% to $45.5 million from $29.4 million in the 2001 period. FFO per diluted share increased 6.3% to $1.36 in 2002 from $1.28 in 2001.
Net income of $7.3 million or 21 cents per diluted share was up from $5.1 million or 18 cents per diluted share in Q4 2001. Total revenue rose by 14.6% to $27.2 million from $23.7 million previously.
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