The first quarter 2003 results include a loss on debt extinguishment of $623,000 or 1 cent per diluted share. The first quarter 2002 results include a gain on property disposal of $6.1 million, or 20 cents per diluted share. Total revenue increased from $25.8 million in last year's first quarter to $38.6 million in the first quarter of this year--a 49.9% hike.
Equity One merged with Atlanta-based IRT Property Co. in February. At the end of the first quarter, the company owned 179 properties in 12 states.
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