10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

ý QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2014

OR

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ___________ to ___________

Commission file number 001-13499

EQUITY ONE, INC.

________________________________________________________________________________

(Exact name of Registrant as specified in its charter)

Maryland	52-1794271
(State or other jurisdiction of  incorporation or organization)	(I.R.S. Employer Identification No.)
1600 N.E. Miami Gardens Drive North Miami Beach, FL	33179
(Address of principal executive offices)	(Zip Code)
(305) 947-1664 Registrant’s telephone number, including area code

_______________________________

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ý No o

Indicate by check mark whether the Registrant has submitted electronically and posted on its corporate Website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulations S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ý No o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer ý Accelerated filer o Non-accelerated filer o Smaller reporting company o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act) Yes o No ý

As of August 5, 2014, the number of outstanding shares of Common Stock, par value $0.01 per share, of the Registrant was 119,836,588.

	EQUITY ONE, INC. AND SUBSIDIARIES QUARTERLY REPORT ON FORM 10-Q QUARTER ENDED JUNE 30, 2014
	TABLE OF CONTENTS
PART I – FINANCIAL INFORMATION
Item 1.	Financial Statements	Page
	Condensed Consolidated Balance Sheets (unaudited) as of June 30, 2014 and December 31, 2013	2
	Condensed Consolidated Statements of Operations (unaudited) for the three and six months ended June 30, 2014 and 2013	3
	Condensed Consolidated Statements of Comprehensive (Loss) Income (unaudited) for the three and six months ended June 30, 2014 and 2013	4
	Condensed Consolidated Statement of Equity (unaudited) for the six months ended June 30, 2014	5
	Condensed Consolidated Statements of Cash Flows (unaudited) for the six months ended June 30, 2014 and 2013	6
	Notes to Condensed Consolidated Financial Statements (unaudited)	8
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	35
Item 3.	Quantitative and Qualitative Disclosures about Market Risk	54
Item 4.	Controls and Procedures	55
PART II – OTHER INFORMATION
Item 1.	Legal Proceedings	56
Item 1A.	Risk Factors	56
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	56
Item 3.	Defaults Upon Senior Securities	56
Item 4.	Mine Safety Disclosures	56
Item 5.	Other Information	56
Item 6.	Exhibits	57
	Signatures	58

1

PART I – FINANCIAL INFORMATION

ITEM 1. Financial Statements    

EQUITY ONE, INC. AND SUBSIDIARIES Condensed Consolidated Balance Sheets June 30, 2014 and December 31, 2013 (Unaudited) (In thousands, except share par value amounts)
	June 30, 2014			December 31, 2013
ASSETS
Properties:
Income producing	$	3,097,700		$	3,153,131
Less: accumulated depreciation	(359,658		)	(354,166		)
Income producing properties, net	2,738,042			2,798,965
Construction in progress and land held for development	169,916			104,464
Properties held for sale	53,162			13,404
Properties, net	2,961,120			2,916,833
Cash and cash equivalents	29,316			25,583
Cash held in escrow and restricted cash	33,616			10,912
Accounts and other receivables, net	13,709			12,872
Investments in and advances to unconsolidated joint ventures	82,310			91,772
Loans receivable, net	—			60,711
Goodwill	6,180			6,377
Other assets	227,314			229,599
TOTAL ASSETS	$	3,353,565		$	3,354,659
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
Liabilities:
Notes payable:
Mortgage notes payable	$	408,554		$	430,155
Unsecured senior notes payable	731,136			731,136
Term loan	250,000			250,000
Unsecured revolving credit facilities	133,000			91,000
	1,522,690			1,502,291
Unamortized premium on notes payable, net	4,607			6,118
Total notes payable	1,527,297			1,508,409
Other liabilities:
Accounts payable and accrued expenses	51,107			44,227
Tenant security deposits	8,602			8,928
Deferred tax liability	12,382			11,764
Other liabilities	175,144			177,383
Liabilities associated with properties held for sale	281			33
Total liabilities	1,774,813			1,750,744
Redeemable noncontrolling interests	989			989
Commitments and contingencies	—			—
Stockholders' equity:
Preferred stock, $0.01 par value – 10,000 shares authorized but unissued	—			—
Common stock, $0.01 par value – 150,000 shares authorized, 117,997 and 117,647 shares issued    and outstanding at June 30, 2014 and December 31, 2013, respectively	1,180			1,176
Additional paid-in capital	1,700,834			1,693,873
Distributions in excess of earnings	(330,834		)	(302,410		)
Accumulated other comprehensive (loss) income	(672		)	2,544
Total stockholders’ equity of Equity One, Inc.	1,370,508			1,395,183
Noncontrolling interests	207,255			207,743
Total equity	1,577,763			1,602,926
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY	$	3,353,565		$	3,354,659

See accompanying notes to the condensed consolidated financial statements.

2

EQUITY ONE, INC. AND SUBSIDIARIES Condensed Consolidated Statements of Operations For the three and six months ended June 30, 2014 and 2013 (Unaudited) (In thousands, except per share data)
	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
REVENUE:
Minimum rent	$	66,295		$	60,949		$	136,546		$	121,336
Expense recoveries	19,631			19,675			39,391			38,266
Percentage rent	933			628			3,114			2,665
Management and leasing services	584			484			1,213			898
Total revenue	87,443			81,736			180,264			163,165
COSTS AND EXPENSES:
Property operating	22,613			22,241			44,399			43,897
Depreciation and amortization	27,666			22,797			53,933			44,530
General and administrative	8,872			9,673			19,786			18,567
Total costs and expenses	59,151			54,711			118,118			106,994
INCOME BEFORE OTHER INCOME AND EXPENSE, TAX AND    DISCONTINUED OPERATIONS	28,292			27,025			62,146			56,171
OTHER INCOME AND EXPENSE:
Investment income	28			2,209			199			4,413
Equity in income of unconsolidated joint ventures	1,268			615			9,529			1,050
Other income	5			162			2,846			162
Interest expense	(16,086		)	(16,701		)	(32,986		)	(33,937		)
Amortization of deferred financing fees	(601		)	(603		)	(1,200		)	(1,209		)
Gain on extinguishment of debt	—			107			1,074			107
Impairment loss	(13,892		)	(2,662		)	(13,892		)	(2,662		)
(LOSS) INCOME FROM CONTINUING OPERATIONS BEFORE TAX AND    DISCONTINUED OPERATIONS	(986		)	10,152			27,716			24,095
Income tax provision of taxable REIT subsidiaries	(79		)	(7		)	(612		)	(21		)
(LOSS) INCOME FROM CONTINUING OPERATIONS	(1,065		)	10,145			27,104			24,074
DISCONTINUED OPERATIONS:
Operations of income producing properties	167			1,276			(65		)	3,523
(Loss) gain on disposal of income producing properties	(144		)	25,663			3,152			36,859
Impairment loss	—			(128		)	—			(128		)
Income tax provision of taxable REIT subsidiaries	—			(779		)	—			(860		)
INCOME FROM DISCONTINUED OPERATIONS	23			26,032			3,087			39,394
Gain on sale of operating properties	1,141			—			883			—
NET INCOME	99			36,177			31,074			63,468
Net income attributable to noncontrolling interests - continuing operations	(2,511		)	(2,511		)	(7,212		)	(5,204		)
Net loss (income) attributable to noncontrolling interests - discontinued operations	1			(28		)	3			(33		)
NET (LOSS) INCOME ATTRIBUTABLE TO EQUITY ONE, INC.	$	(2,411	)	$	33,638		$	23,865		$	58,231
(LOSS) EARNINGS PER COMMON SHARE - BASIC:
Continuing operations	$	(0.02	)	$	0.06		$	0.17		$	0.16
Discontinued operations	—			0.22			0.03			0.33
	$	(0.02	)	$	0.28		$	0.20		$	0.49
Number of Shares Used in Computing Basic (Loss) Earnings per Share	117,813			117,385			117,744			117,209
(LOSS) EARNINGS PER COMMON SHARE - DILUTED:
Continuing operations	$	(0.02	)	$	0.06		$	0.17		$	0.16
Discontinued operations	—			0.22			0.03			0.33
	$	(0.02	)	$	0.28		$	0.20		$	0.49
Number of Shares Used in Computing Diluted (Loss) Earnings per Share	117,813			117,749			117,981			117,535
CASH DIVIDENDS DECLARED PER COMMON SHARE	$	0.22		$	0.22		$	0.44		$	0.44

See accompanying notes to the condensed consolidated financial statements.

3

EQUITY ONE, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Comprehensive (Loss) Income

For the three and six months ended June 30, 2014 and 2013

(Unaudited)

(In thousands)

	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
NET INCOME	$	99		$	36,177		$	31,074		$	63,468
OTHER COMPREHENSIVE (LOSS) INCOME:
Net amortization of interest rate contracts included in net income	15			15			31			31
Net unrealized (loss) gain on interest rate swaps (1)	(3,226		)	6,813			(4,955		)	7,363
Net loss on interest rate swaps reclassified from accumulated other comprehensive    income into interest expense	866			885			1,708			1,804
Other comprehensive (loss) income	(2,345		)	7,713			(3,216		)	9,198
COMPREHENSIVE (LOSS) INCOME	(2,246		)	43,890			27,858			72,666
Comprehensive income attributable to noncontrolling interests	(2,510		)	(2,539		)	(7,209		)	(5,237		)
COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO EQUITY ONE, INC.	$	(4,756	)	$	41,351		$	20,649		$	67,429

⁽¹⁾ This amount includes our share of our unconsolidated joint ventures' net unrealized (losses) gains of $(101) and $(262) for the three and six months endedJune 30, 2014, respectively, and $43 and $0 for the same periods during 2013, respectively.

See accompanying notes to the condensed consolidated financial statements.

4

EQUITY ONE, INC. AND SUBSIDIARIES

Condensed Consolidated Statement of Equity

For the six months ended June 30, 2014

(Unaudited)

(In thousands)

	Common Stock				Additional Paid-In Capital			Distributions in Excess of Earnings			Accumulated Other Comprehensive (Loss) Income			Total Stockholders' Equity of Equity One, Inc.			Noncontrolling Interests			Total Equity
	Shares		Amount
BALANCE AT DECEMBER 31, 2013	117,647		$	1,176	$	1,693,873		$	(302,410	)	$	2,544		$	1,395,183		$	207,743		$	1,602,926
Issuance of common stock	359		4		4,848			—			—			4,852			—			4,852
Repurchase of common stock	(9	)	—		(205		)	—			—			(205		)	—			(205		)
Share-based compensation expense	—		—		2,194			—			—			2,194			—			2,194
Restricted stock reclassified from    liability to equity	—		—		117			—			—			117			—			117
Net income	—		—		—			23,865			—			23,865			7,209			31,074
Dividends declared on common stock	—		—		—			(52,289		)	—			(52,289		)	—			(52,289		)
Distributions to noncontrolling interests	—		—		—			—			—			—			(6,927		)	(6,927		)
Purchase of noncontrolling interest	—		—		7			—			—			7			(770		)	(763		)
Other comprehensive loss	—		—		—			—			(3,216		)	(3,216		)	—			(3,216		)
BALANCE AT JUNE 30, 2014	117,997		$	1,180	$	1,700,834		$	(330,834	)	$	(672	)	$	1,370,508		$	207,255		$	1,577,763

See accompanying notes to the condensed consolidated financial statements.

5

EQUITY ONE, INC. AND SUBSIDIARIES Condensed Consolidated Statements of Cash Flows For the six months ended June 30, 2014 and 2013 (Unaudited)  (In thousands)
	Six Months Ended June 30,
	2014			2013
OPERATING ACTIVITIES:
Net income	$	31,074		$	63,468
Adjustments to reconcile net income to net cash provided by operating activities:
Straight line rent adjustment	(1,739		)	(961		)
Accretion of below market lease intangibles, net	(11,881		)	(6,140		)
Amortization of below market ground lease intangibles	298			298
Equity in income of unconsolidated joint ventures	(9,529		)	(1,050		)
Gain on change in control of interests	(2,807		)	—
Income tax provision of taxable REIT subsidiaries	612			881
(Decrease) increase in allowance for losses on accounts receivable	(675		)	1,453
Amortization of premium on notes payable, net	(1,262		)	(1,331		)
Amortization of deferred financing fees	1,200			1,209
Depreciation and amortization	54,908			48,427
Share-based compensation expense	1,980			3,165
Amortization of derivatives	31			31
Gain on sale of real estate	(4,035		)	(36,859		)
(Gain) loss on extinguishment of debt	(1,074		)	575
Operating distributions from joint ventures	—			111
Impairment loss	13,892			2,790
Changes in assets and liabilities, net of effects of acquisitions and disposals:
Accounts and other receivables	(3		)	(1,553		)
Other assets	(4,684		)	(6,972		)
Accounts payable and accrued expenses	5,098			(1,883		)
Tenant security deposits	(45		)	(352		)
Other liabilities	(741		)	(3,789		)
Net cash provided by operating activities	70,618			61,518
INVESTING ACTIVITIES:
Acquisition of income producing properties	(85,901		)	(37,000		)
Additions to income producing properties	(9,173		)	(7,113		)
Additions to construction in progress	(33,423		)	(17,758		)
Deposits for the acquisition of income producing properties	(425		)	(1,150		)
Proceeds from sale of real estate and rental properties	56,298			173,022
Increase in cash held in escrow	(22,704		)	(10,258		)
Purchase of below market leasehold interest	—			(25,000		)
Increase in deferred leasing costs and lease intangibles	(2,757		)	(4,527		)
Investment in joint ventures	(289		)	(4,266		)
Repayments of (advances to) joint ventures	27			(143		)
Distributions from joint ventures	16,232			1,595
Investment in loans receivable	—			(12,000		)
Repayment of loans receivable	60,526			28,659
Net cash (used in) provided by investing activities	(21,589		)	84,061

6

EQUITY ONE, INC. AND SUBSIDIARIES Condensed Consolidated Statements of Cash Flows For the six months ended June 30, 2014 and 2013 (Unaudited)  (In thousands)
	Six Months Ended June 30,
	2014			2013
FINANCING ACTIVITIES:
Repayments of mortgage notes payable	$	(31,964	)	$	(31,323	)
Net borrowings (repayments) under revolving credit facilities	42,000			(47,000		)
Proceeds from issuance of common stock	4,852			8,176
Repurchase of common stock	(205		)	(348		)
Payment of deferred financing costs	—			(6		)
Stock issuance costs	—			(94		)
Dividends paid to stockholders	(52,289		)	(52,105		)
Purchase of noncontrolling interest	(763		)	(18,917		)
Distributions to redeemable noncontrolling interests	—			(680		)
Distributions to noncontrolling interests	(6,927		)	(5,041		)
Net cash used in financing activities	(45,296		)	(147,338		)
Net increase (decrease) in cash and cash equivalents	3,733			(1,759		)
Cash and cash equivalents at beginning of the period	25,583			27,416
Cash and cash equivalents at end of the period	$	29,316		$	25,657
SUPPLEMENTAL DISCLOSURE OF CASH FLOW AND NON-CASH INFORMATION:
Cash paid for interest (net of capitalized interest of $2,172 and $1,646 in 2014 and 2013,     respectively)	$	34,718		$	36,891
We acquired upon acquisition of certain income producing properties:
Income producing properties	$	102,288		$	38,418
Intangible and other assets	7,625			5,967
Intangible and other liabilities	(12,589		)	(7,385		)
Assumption of mortgage notes payable	(11,423		)	—
Cash paid for income producing properties	$	85,901		$	37,000
Non-cash investing information:
Investment in loan receivable	$	—		$	8,500

See accompanying notes to the condensed consolidated financial statements.

7

EQUITY ONE, INC. AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements

June 30, 2014

(Unaudited)

1.    Organization and Basis of Presentation

Organization

We are a real estate investment trust, or REIT, that owns, manages, acquires, develops and redevelops shopping centers and retail properties located primarily in supply constrained suburban and urban communities. We were organized as a Maryland corporation in 1992, completed our initial public offering in May 1998, and have elected to be taxed as a REIT since 1995.

As of June 30, 2014, our consolidated shopping center portfolio comprised 135 properties, including 113 retail properties and six non-retail properties totaling approximately 14.6 million square feet of gross leasable area, or GLA, 11 development or redevelopment properties with approximately 1.8 million square feet of GLA upon completion, and five land parcels. As of June 30, 2014, our consolidated shopping center occupancy was 94.2% and included national, regional and local tenants. Additionally, we had joint venture interests in 18 retail properties and two office buildings totaling approximately 3.2 million square feet of GLA.

Basis of Presentation

The condensed consolidated financial statements include the accounts of Equity One, Inc. and its wholly-owned subsidiaries and those other entities in which we have a controlling financial interest, including where we have been determined to be a primary beneficiary of a variable interest entity ("VIE") in accordance with the Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC"). Equity One, Inc. and its subsidiaries are hereinafter referred to as "the consolidated companies," the "Company," "we," "our," "us" or similar terms. All significant intercompany transactions and balances have been eliminated in consolidation. Certain prior-period data have been reclassified to conform to the current period presentation. Certain operations have been classified as discontinued, and the associated results of operations and financial position are separately reported for all periods presented. Information in these notes to the condensed consolidated financial statements, unless otherwise noted, does not include the accounts of discontinued operations.

The condensed consolidated financial statements included in this report are unaudited. In our opinion, all adjustments considered necessary for a fair presentation have been included, and all such adjustments are of a normal recurring nature. The results of operations for the three and six month periods ended June 30, 2014 and 2013 are not necessarily indicative of the results that may be expected for a full year.

Our unaudited condensed consolidated financial statements and notes are prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information and with the instructions of Form 10-Q. Accordingly, these unaudited condensed consolidated financial statements do not contain certain information included in our annual financial statements and notes. The condensed consolidated balance sheet as of December 31, 2013 was derived from audited financial statements included in our 2013 Annual Report on Form 10-K but does not include all disclosures required under GAAP. These condensed consolidated financial statements should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2013, filed with the Securities and Exchange Commission (the "SEC") on March 3, 2014.

2.    Summary of Significant Accounting Policies

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

Concentration of Credit Risk

A concentration of credit risk arises in our business when a national or regionally-based tenant occupies a substantial amount of space in multiple properties owned by us. In that event, if the tenant suffers a significant downturn in its business, it may become unable to make its contractual rent payments to us, exposing us to potential losses in rental revenue, expense recoveries, and percentage rent. Further, the impact may be magnified if the tenant is renting space in multiple locations. Generally, we do not obtain security from our national or regionally-based tenants in support of their lease obligations to us. We regularly monitor our tenant base to assess potential concentrations of credit risk. As of June 30, 2014, our largest tenant is comprised of a related group of grocers, which includes Albertsons, Shaw's, and Star Market and accounted for approximately 510,956 square feet, or

8

approximately 3.2%, of our GLA and approximately $9.4 million, or 3.6%, of our annual minimum rent. As of June 30, 2014, we had outstanding receivables from Albertsons, Shaw's, and Star Market of approximately $62,000.

Recent Accounting Pronouncements

In February 2013, the FASB issued Accounting Standards Update ("ASU") No. 2013-04, "Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation Is Fixed at the Reporting Date (a consensus of the FASB Emerging Issues Task Force)." ASU No. 2013-04 requires an entity to measure obligations resulting from joint and several liability arrangements for which the total amount of the obligation within the scope of this guidance is fixed at the reporting date, as the sum of the amount the reporting entity agreed to pay on the basis of its arrangement among its co-obligors and any additional amount the reporting entity expects to pay on behalf of its co-obligors. ASU No. 2013-04 also requires an entity to disclose the nature and amount of the obligation as well as other information about those obligations. ASU No. 2013-04 is effective for fiscal years, and interim periods within those years, after December 15, 2013. The adoption and implementation of this ASU did not have a material impact on our results of operations, financial condition or cash flows.

In July 2013, the FASB issued ASU No. 2013-11, "Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (a consensus of the FASB Emerging Issues Task Force)." ASU No. 2013-11 provides explicit guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists and is intended to eliminate diversity in practice. ASU No. 2013-11 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. The adoption and implementation of this ASU did not have a material impact on our results of operations, financial condition or cash flows.

In April 2014, the FASB issued ASU No. 2014-08, “Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity.” ASU No. 2014-08 amends the definition of discontinued operations by limiting discontinued operations reporting to disposals of components of an entity that represent strategic shifts that have (or will have) a major effect on an entity's operations and financial results. The amendments require expanded disclosures for discontinued operations that would provide users of financial statements with more information about the assets, liabilities, revenues, and expenses of discontinued operations and disclosure of the pretax profit or loss of individually significant components of an entity that do not qualify for discontinued operations reporting. ASU No. 2014-08 is to be applied prospectively to all disposals (or classifications as held for sale) of components of an entity and all businesses or nonprofit activities that, on acquisition, are classified as held for sale that occur within fiscal years, and interim periods within those years, beginning after December 15, 2014. We have elected to early adopt the provisions of ASU No. 2014-08 beginning January 1, 2014. The adoption and implementation of this ASU resulted in the operations of certain current period dispositions being classified within continuing operations in our condensed consolidated statements of operations. The adoption did not have an impact on our financial position or cash flows. The disclosures required by this ASU have been incorporated in the notes included herein.

In May 2014, the FASB issued ASU No. 2014-09, "Revenue from Contracts with Customers." ASU No. 2014-09 clarifies the principles for recognizing revenue and develops a common revenue standard for GAAP and International Financial Reporting Standards ("IFRS") that removes inconsistencies and weaknesses in revenue requirements, provides a more robust framework for addressing revenue issues, improves comparability of revenue recognition practices across entities, industries, jurisdictions, and capital markets, provides more useful information to users of financial statements through improved disclosure requirements and simplifies the preparation of financial statements by reducing the number of requirements to which an entity must refer. ASU No. 2014-09 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2016. Companies can choose to apply the ASU using either the full retrospective approach or a modified retrospective approach. We are currently evaluating both methods of adoption and the impact, if any, that the adoption of this ASU will have on our condensed consolidated financial statements.

In June 2014, the FASB issued ASU No. 2014-12, "Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period (a consensus of the FASB Emerging Issues Task Force)." ASU No. 2014-12 requires that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. ASU No. 2014-12 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2015. Earlier adoption is permitted. The amendments can be applied either prospectively to all awards granted or modified after the effective date or retrospectively to all awards with performance targets that are outstanding as of the beginning of the earliest annual period presented in the financial statements and to all new or modified awards. We expect to apply the ASU prospectively and do not expect the adoption to have an impact on our condensed consolidated financial statements as our existing share-based payment awards do not fall within the scope of this ASU.

9

3.    Acquisitions

The following table provides a summary of acquisition activity during the six months endedJune 30, 2014:

Date Purchased	Property Name	City	State	Square Feet/Acres		Purchase Price		Mortgage Assumed
						(In thousands)
January 31, 2014	Williamsburg at Dunwoody -      Outparcel (2)	Dunwoody	GA	0.14	(1)	$	350	$	—
January 23, 2014	Talega Village Center (2) (3)	San Clemente	CA	102,282		23,000		11,353
January 16, 2014	Westwood Shopping      Center	Bethesda	MD	101,584		65,012		—
January 16, 2014	Westwood Center II (2)	Bethesda	MD	53,293		15,000		—
Total						$	103,362	$	11,353

^{______________________________________________} 

⁽¹⁾ In acres.

⁽²⁾ The purchase price has been preliminarily allocated to real estate assets acquired and liabilities assumed, as applicable, in accordance with our accounting policies for business combinations. The purchase price and related accounting will be finalized after our valuation studies are complete.

⁽³⁾ Property was acquired through the acquisition of our joint venture partners' interests in the property. See Note 5 for further discussion.

The aggregate purchase price of the above property acquisitions have been preliminarily allocated as follows:

	Amount			Weighted Average Amortization Period
	(In thousands)			(In years)
Land	$	86,911		N/A
Land improvements	2,209			9.4
Buildings	17,670			33.2
Tenant improvements	1,160			5.5
Above-market leases	1,315			5.4
In-place lease interests	5,424			10.7
Lease origination costs	97			6.9
Leasing commissions	789			21.5
Below-market leases	(12,040		)	19.5
Above-market debt assumed	(70		)	7.8
Other acquired liabilities	(103		)	N/A
	$	103,362

During the three and six months endedJune 30, 2014, we did not recognize any material measurement period adjustments related to prior or current year acquisitions.

In conjunction with the acquisitions of Westwood Shopping Center and Westwood Center II, we entered into reverse Section 1031 like-kind exchange agreements with a third party intermediary, which, for a maximum of 180 days, allow us to defer for tax purposes, gains on the sale of other properties identified and sold within this period. Until the earlier of the termination of the exchange agreements or 180 days after the respective acquisition dates, the third party intermediary is the legal owner of the entities which own these properties; however, we control the activities that most significantly impact each property and retain all of the economic benefits and risks associated with each property. Therefore, at the date of acquisition, we determined that we were the primary beneficiary of these VIEs and consolidated the properties and their operations as of their acquisition date. Legal ownership of Westwood Shopping Center and Westwood Center II was transferred to us by the third party intermediary in July 2014.

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During the three and six months endedJune 30, 2014, we expensed transaction-related costs in connection with completed or pending property acquisitions of approximately $142,000 and $1.5 million, respectively, and $617,000 and $718,000 for the same periods in 2013, respectively, which are included in general and administrative costs in the condensed consolidated statements of operations.

4.    Dispositions

The following table provides a summary of disposition activity during the six months endedJune 30, 2014:

Date Sold	Property Name	Region	City	State	Square Feet /Acres	Gross Sales Price
Income producing property sold						(In thousands)
June 30, 2014	Riverside Square (1)	South Florida	Coral Springs	FL	103,241	$	12,380
June 30, 2014	Oaktree Plaza (1)	South Florida	North Palm Beach	FL	23,745	4,000
June 17, 2014	Sunpoint Shopping Center (1)	North Florida	Ruskin	FL	132,374	7,250
April 7, 2014	Salerno Village Square (1)	South Florida	Stuart	FL	77,677	8,646
March 27, 2014	Daniel Village (1)	Southeast	Augusta	GA	172,438	10,125
February 27, 2014	Brawley Commons (1)	Southeast	Charlotte	NC	119,189	5,450		(2)
January 15, 2014	Stanley Marketplace	Southeast	Stanley	NC	53,228	3,875
January 10, 2014	Oak Hill Village	North Florida	Jacksonville	FL	78,492	6,850
Total						$	58,576

^{______________________________________________} 

⁽¹⁾ The results of operations for these properties are included in continuing operations in the condensed consolidated statements of operations for all periods presented.

⁽²⁾ The property was encumbered by a $6.5 million mortgage loan which matured on July 1, 2013. In conjunction with the sale of the property, the lender accepted the proceeds from the sale as full repayment of the loan.

As part of our strategy to upgrade and diversify our portfolio and recycle our capital, we have sold or are in the process of selling certain non-core properties and are currently evaluating opportunities to sell certain additional non-core properties located primarily in the southeastern United States and north and central Florida. Although we have not committed to a disposition plan with respect to certain of these assets, we may consider disposing of such properties if pricing is deemed to be favorable. If the market values of these assets are below their carrying values, it is possible that the disposition of these assets could result in impairments or other losses. Depending on the prevailing market conditions and historical carrying values, these impairments and losses could be material.

Upon the adoption of ASU No. 2014-08 on January 1, 2014, operations of properties held for sale and operating properties sold during the current period that were not previously classified as held for sale and/or reported as discontinued operations are reported in continuing operations as they do not represent a strategic shift that has or will have a major effect on our operations and financial results. Prior to the adoption of ASU No. 2014-08, we reported the operations and financial results of properties held for sale and operating properties sold as discontinued operations.

The results of operations for six of the properties sold during the six months endedJune 30, 2014 and six properties classified as held for sale in 2014 in our South Florida region (Shoppes of Andros Isles), North Florida region (Forest Village, Mariners Crossing, New Smyrna Beach and Shoppes of North Port) and Southeast region (Smyth Valley Crossing) are included in continuing operations in the condensed consolidated statements of operations for all periods presented as they do not qualify as discontinued operations under the amended guidance. Subsequent to period end, we closed on the sale of the six properties classified as held for sale noted above, which had an aggregate net book value of $47.3 million as of June 30, 2014, for a gross sales price of $55.3 million. The related assets and liabilities of the properties are presented as held for sale in our condensed consolidated balance sheet as of June 30, 2014.

We have six properties in our Southeast and North Florida regions which had an aggregate net book value of $17.1 million as of June 30, 2014, under contract for an estimated gross sales price of $22.1 million. These contracts are in various stages of due diligence, and the properties have not met the criteria to be classified as held for sale.

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Discontinued Operations

The results of operations for two of the properties sold (Stanley Marketplace and Oak Hill) and one property in our South Florida region (Summerlin Square), with a net book value of $6.1 million, classified as held for sale as of December 31, 2013, are presented as discontinued operations in the condensed consolidated statements of operations for all periods presented as they were classified as held for sale prior to the adoption of ASU No. 2014-08.

During the three and six months endedJune 30, 2013, we sold twenty properties and two outparcels in our Southeast, South Florida, North Florida and West Coast regions for an aggregate sales price of $188.0 million. The results of operations for these properties are presented as discontinued operations in the condensed consolidated statements of operations for the three and six months endedJune 30, 2013.

The components of income and expense relating to discontinued operations for the three and six months endedJune 30, 2014 and 2013 are shown below:

	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
	(In thousands)
Rental revenue	$	185		$	4,455		$	147		$	11,474
Expenses:
Property operating expenses	15			1,782			203			4,149
Depreciation and amortization	—			1,185			—			2,691
General and administrative expenses	3			6			9			9
Operations of income producing properties	167			1,482			(65		)	4,625
Interest expense	—			(208		)	—			(424		)
(Loss) gain on disposal of income producing properties	(144		)	25,663			3,152			36,859
Impairment loss	—			(128		)	—			(128		)
Loss on extinguishment of debt	—			—			—			(682		)
Income tax provision	—			(779		)	—			(860		)
Other income	—			2			—			4
Income from discontinued operations	23			26,032			3,087			39,394
Net loss (income) attributable to noncontrolling interests	1			(28		)	3			(33		)
Income from discontinued operations attributable to Equity One, Inc.	$	24		$	26,004		$	3,090		$	39,361

SUPPLEMENTAL INFORMATION:
Additions to income producing properties	$	—	$	260	$	—	$	403
Increase in deferred leasing costs and lease intangibles	$	—	$	299	$	—	$	501
Straight line rent revenue	$	125	$	29	$	—	$	240
Amortization of above market lease intangibles, net	$	—	$	138	$	—	$	271

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5.    Investments in Joint Ventures

The following is a summary of the composition of investments in and advances to unconsolidated joint ventures in the condensed consolidated balance sheets:

				Investment Balance
Joint Venture (1)	Number of Properties	Location	Ownership	June 30, 2014		December 31, 2013
Investments in unconsolidated joint ventures:				(In thousands)
GRI-EQY I, LLC (2)	10	GA, SC, FL	10.0%	$	12,660	$	12,912
G&I Investment South Florida Portfolio, LLC	3	FL	20.0%	3,693		3,480
Madison 2260 Realty LLC	1	NY	8.6%	526		634
Madison 1235 Realty LLC	1	NY	20.1%	820		820
Talega Village Center JV, LLC (3)	1	CA	100.0%	—		2,828
Vernola Marketplace JV, LLC (4)	1	CA	50.5%	303		6,468
Parnassus Heights Medical Center (5)	1	CA	50.0%	19,796		19,791
Equity One JV Portfolio, LLC (6)	6	FL, MA, NJ	30.0%	43,938		44,237
Total				81,736		91,170
Advances to unconsolidated joint ventures				574		602
Investments in and advances to unconsolidated     joint ventures				$	82,310	$	91,772

^{______________________________________________} 

⁽¹⁾ All unconsolidated joint ventures are accounted for under the equity method except for the Madison 2260 Realty LLC and Madison 1235 Realty LLC joint ventures, which are accounted for under the cost method.

⁽²⁾ The investment balance as of June 30, 2014 and December 31, 2013 is presented net of deferred gains of $3.3 million for both periods associated with the disposition of assets by us to the joint venture.

⁽³⁾ We purchased our joint venture partners' interests in January 2014 and now own 100% of this entity. Prior to our acquisition, our effective interest was 48% when considering the 5% noncontrolling interest held by Vestar Development Company.

⁽⁴⁾ Our effective interest is 48% when considering the 5% noncontrolling interest held by Vestar Development Company. As described below, the property held by the joint venture was sold in January 2014.

⁽⁵⁾ On July 2, 2014, we entered into an agreement with our joint venture partner in which both parties agreed to dissolve the joint venture and distribute the property in kind to the existing members at the current ownership percentages. Accordingly, the Parnassus Heights Medical Center will be held as a tenancy-in-common, and we will continue to account for our ownership interest under the equity method.

⁽⁶⁾ The investment balance as of June 30, 2014 and December 31, 2013 is presented net of a deferred gain of approximately $376,000 for both periods associated with the disposition of assets by us to the joint venture.

Equity in income of unconsolidated joint ventures totaled $1.3 million and $9.5 million for the three and six months endedJune 30, 2014, respectively, and totaled $615,000 and $1.1 million, respectively, for the same periods in 2013. Management fees and leasing fees earned by us associated with these joint ventures, which are included in management and leasing services revenue in the accompanying condensed consolidated statements of operations, totaled approximately $584,000 and $1.2 million for the three and six months endedJune 30, 2014, respectively, and $484,000 and $898,000 for the same periods in 2013, respectively.

As of June 30, 2014 and December 31, 2013, the aggregate carrying amount of the debt of our unconsolidated joint ventures accounted for under the equity method was $250.0 million and $286.0 million, respectively, of which our aggregate proportionate share was $54.7 million and $72.5 million, respectively.

In January 2014, we acquired Rockwood Capital's and Vestar Development Company's interests in Talega Village Center JV, LLC, the owner of Talega Village Center, a 102,000 square foot grocery-anchored shopping center located in San Clemente, California, for an additional investment of $6.2 million. Immediately prior to acquisition, we remeasured the fair value of our equity interest in the joint venture using a discounted cash flow analysis and recognized a gain of $2.8 million,including $561,000 attributable to a noncontrolling interest, which is included in other income in our condensed consolidated statement of operations for the six months endedJune 30, 2014.

In January 2014, the property held by Vernola Marketplace JV, LLC was sold for $49.0 million, including the assumption of the existing mortgage of $22.9 million by the buyer. In connection with the sale, the joint venture recognized a gain of $14.7 million, of which our proportionate share was $7.4 million, including $1.6 million attributable to the noncontrolling interest, and we received distributions totaling $13.7 million, including $1.9 million that was distributed to the noncontrolling interest. The remaining investment balance as of June 30, 2014 represents our interest in the remaining cash held by the joint venture.

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6.    Variable Interest Entities

Included within our consolidated operating properties as of June 30, 2014 are two properties, Westwood Shopping Center and Westwood Center II, which are owned by subsidiaries of a Section 1031 like-kind exchange intermediary. The agreements governing the operation of these entities provide us with the power to direct the activities that most significantly impact these entities' economic performance. The entities were deemed VIEs primarily because they do not have sufficient equity at risk to finance their activities without additional subordinated financial support from other parties. Additionally, we determined that the equity investor does not possess the characteristics of a controlling financial interest. Therefore, we concluded that we are the primary beneficiary of the VIEs as a result of our having the power to direct the activities that most significantly impact their economic performance and the obligation to absorb losses, as well as the right to receive benefits, that could be potentially significant to the VIEs. In July 2014, legal ownership of these entities was transferred to us by the qualified intermediary and, as such, the entities are no longer considered VIEs.

Our consolidated operating properties as of December 31, 2013 included three Westwood Complex parcels that were owned at the time by a subsidiary of a qualified intermediary. Legal ownership of this entity was transferred to us by the qualified intermediary during the first quarter of 2014, and, as such, the entity is no longer considered a VIE.

The majority of the operations of these VIEs are funded with cash flows generated from the properties. We have not provided financial support to any of these VIEs that we were not previously contractually required to provide; our contractual commitments consist primarily of funding any capital expenditures, including tenant improvements, which are deemed necessary to continue to operate the entities and any operating cash shortfalls that the entities may experience.

7.    Loans Receivable

In October 2012, we purchased a $95.0 million mortgage loan secured by the Westwood Complex, a 22-acre site located in Bethesda, Maryland that consists of 214,767 square feet of retail space, a 211,020 square foot apartment building, and a 62-unit assisted living facility. The loan bore interest at 5.0% per annum and had a stated maturity date of January 15, 2014. Concurrent with the loan transaction, we also entered into a purchase contract to acquire the complex for an aggregate purchase price of $140.0 million. The purchase contract contemplated closing dates for the various parcels that comprise the complex that were the earlier of January 15, 2014 or upon the seller's identification of a property (or properties) which it could purchase with the proceeds from the sale of the parcels. To the extent that the closing dates under the purchase contract occurred prior to January 15, 2014, the parties agreed that the applicable portions of the mortgage loan collateralized by such parcels would be repaid on the respective closing dates. Based on our initial assessment of the structure of the transaction, we determined that the entities that owned the parcels within the complex that we had yet to legally acquire were VIEs and that we were not the primary beneficiary of these entities as we did not have the power to direct the activities that most significantly impacted their economic performance.

In March 2013, we also funded a $12.0 million mezzanine loan to an entity that indirectly owned a portion of the Westwood Complex. The loan was secured by the entity's indirect ownership interests in the complex, bore interest at 5.0% per annum, and was scheduled to mature on the earlier of June 1, 2013 or our acquisition of certain parcels comprising the complex pursuant to the aforementioned purchase contract. During May 2013, the loan agreement was amended to extend the maturity date to the earlier of January 15, 2014 or our acquisition of the parcels indirectly securing the mezzanine loan. We determined that the borrower was a VIE and that we held a variable interest in the entity through our investment in the loan; however, we concluded that we were not the primary beneficiary of the entity because we did not have the power to direct the activities that most significantly impacted its economic performance.

As of December 31, 2013, five of the seven parcels that comprise the Westwood Complex had been acquired. In connection with the acquisitions, $40.7 million of the $95.0 million mortgage loan and $5.8 million of the $12.0 million mezzanine loan were repaid by the respective borrowers and the entities holding these parcels were no longer considered VIEs.

In January 2014, we acquired the two remaining parcels for an aggregate gross purchase price of $80.0 million. Concurrent with the acquisitions, the outstanding principal balance of the $95.0 million mortgage loan and the $12.0 million mezzanine loan were repaid in full by the respective borrowers, and the entities holding these parcels were no longer considered VIEs. The aggregate gross purchase price was funded by proceeds from the loan repayments as well as an additional $19.5 million cash investment, thereby bringing our total investment in the Westwood Complex to $140.0 million.

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8.    Other Assets

The following is a summary of the composition of the other assets in the condensed consolidated balance sheets:

	June 30, 2014		December 31, 2013
	(In thousands)
Lease intangible assets, net	$	113,125	$	117,200
Leasing commissions, net	38,222		38,296
Prepaid expenses and other receivables	30,283		26,763
Straight-line rent receivables, net	22,648		21,490
Deferred financing costs, net	7,147		8,347
Deposits and mortgage escrows	8,652		7,763
Furniture, fixtures and equipment, net	4,030		4,406
Fair value of interest rate swaps	810		2,944
Deferred tax asset	2,397		2,390
Total other assets	$	227,314	$	229,599

9.    Borrowings

Mortgage Notes Payable

As of June 30, 2014, the weighted-average interest rate of our fixed rate mortgage notes payable was 5.95%.

In connection with the acquisition of our joint venture partners' interests in Talega Village Center during January 2014, we assumed a mortgage loan with a principal balance of $11.4 million. The loan bears interest at 5.01% per annum and has a stated maturity date of October 1, 2036; however, both the lender and the borrower have the right to accelerate the maturity date of the loan to October 1, 2021, October 1, 2026 or October 1, 2031.

During the six months endedJune 30, 2014, we prepaid mortgage loans of $22.5 million which bore a weighted average interest rate of 6.1%.

Included in mortgage notes payable as of December 31, 2013 is a mortgage note payable related to Brawley Commons located in Charlotte, North Carolina. The property was encumbered by a $6.5 million mortgage loan which matured on July 1, 2013 and remained unpaid as of December 31, 2013. In February 2014, we sold the property to a third party for $5.5 million and the lender accepted this amount as full repayment of the loan, resulting in the recognition of a net gain on extinguishment of debt of $882,000.

Unsecured Senior Notes

As of June 30, 2014, the weighted-average interest rate of our unsecured senior notes was 5.02%.

Unsecured Revolving Credit Facilities

Our primary credit facility is with a syndicate of banks and provides $575.0 million of unsecured revolving credit. As of June 30, 2014, we had drawn $133.0 million against the facility, which bore interest at a weighted-average rate of 1.32% per annum. As of December 31, 2013, we had drawn $91.0 million against the facility, which bore interest at a rate of 1.30% per annum. The facility also includes a facility fee applicable to the lending commitments thereunder, which fee was 0.25% per annum as of June 30, 2014. The facility expires on September 30, 2015, with a one year extension at our option, subject to certain conditions.

We also have a $5.0 million unsecured credit facility, for which there was no drawn balance as of June 30, 2014 and December 31, 2013. The facility bears interest at the one month LIBOR index rate plus 1.25% per annum and expires November 7, 2014.

As of June 30, 2014, giving effect to the financial covenants applicable to these credit facilities, the maximum available to us thereunder was approximately $499.0 million, net of outstanding letters of credit with an aggregate face amount of $2.6 million, of which $133.0 million was drawn.

15

Term Loan and Interest Rate Swaps

At times, we use derivative instruments, including interest rate swaps, to manage our exposure to variable interest rate risk. In this regard, we enter into derivative instruments that qualify as cash flow hedges and do not enter into such instruments for speculative purposes. As of June 30, 2014, we had three interest rate swaps which convert the LIBOR rate applicable to our $250.0 million term loan to a fixed interest rate, providing an effective fixed interest rate under the loan agreement of 3.17% per annum. The swaps are designated and qualified as cash flow hedges and have been recorded at fair value. The swap agreements mature on February 13, 2019, which is the maturity date of the term loan. As of June 30, 2014, the fair value of one of our interest rate swaps consisted of an asset of $810,000, which is included in other assets, and the fair value of the remaining interest rate swaps consisted of a liability of $921,000, which is included in accounts payable and accrued expenses in our condensed consolidated balance sheet. As of December 31, 2013, the fair value of our interest rate swaps was an asset of $2.9 million, which is included in other assets in our condensed consolidated balance sheet. The effective portion of changes in fair value of the interest rate swaps associated with our cash flow hedges is recorded in accumulated other comprehensive income and is subsequently reclassified into interest expense as interest is incurred on the related variable rate debt. Within the next 12 months, we expect to reclassify $3.2 million as an increase to interest expense.

10.    Other Liabilities

The following is a summary of the composition of other liabilities in the condensed consolidated balance sheets:

	June 30, 2014		December 31, 2013
	(In thousands)
Lease intangible liabilities, net	$	166,196	$	167,777
Prepaid rent	8,406		9,450
Other	542		156
Total other liabilities	$	175,144	$	177,383

During the six months endedJune 30, 2014, we recognized a $4.4 million net termination benefit, which is included in minimum rent in the accompanying condensed consolidated statement of operations, in relation to our property located at 101 7th Avenue in New York from the acceleration of the accretion of a below market lease liability upon the tenant vacating the space and rejecting the lease in connection with a bankruptcy filing.

11.    Income Taxes

We elected to be taxed as a REIT under the Internal Revenue Code (the "Code"), commencing with our taxable year ended December 31, 1995. It is our intention to adhere to the organizational and operational requirements to maintain our REIT status. As a REIT, we generally will not be subject to corporate level federal income tax, provided that distributions to our stockholders equal at least the amount of our REIT taxable income as defined under the Code. We are required to pay U.S. federal and state income taxes on our net taxable income, if any, from the activities conducted by our taxable REIT subsidiaries ("TRSs"), which include IRT Capital Corporation II ("IRT"), DIM Vastgoed, N.V. ("DIM"), Southeast US Holdings, B.V. and C&C Delaware, Inc. Accordingly, the only provision for federal income taxes in our condensed consolidated financial statements relates to our consolidated TRSs.

Although DIM is organized under the laws of the Netherlands, it pays U.S. corporate income tax based on its operations in the United States. Pursuant to the tax treaty between the U.S. and the Netherlands, DIM is entitled to the avoidance of double taxation on its U.S. income. Thus, it pays virtually no taxes in the Netherlands. As of June 30, 2014, DIM had federal and state net operating loss carry forwards of $4.8 million and $2.2 million, respectively, which begin to expire in 2027. As of June 30, 2014, IRT had federal and state net operating loss carry forwards of $2.0 million and $1.6 million, respectively, which begin to expire in 2030.

We believe that we have appropriate support for the tax positions taken on our tax returns and that our accruals for the tax liabilities are adequate for all years still subject to tax audit, which include all years after 2009.

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12.    Noncontrolling Interests

The following is a summary of the noncontrolling interests in consolidated entities included in the condensed consolidated balance sheets:

	June 30, 2014		December 31, 2013
	(In thousands)
Walden Woods Village, Ltd. (1)	$	989	$	989
Total redeemable noncontrolling interests	$	989	$	989
CapCo	$	206,145	$	206,145
DIM	1,033		1,081
Vestar/EQY Talega LLC (2)	—		147
Vestar/EQY Vernola LLC (3)	50		341
Vestar/EQY Canyon Trails LLC (4)	27		29
Total noncontrolling interests included in total equity	$	207,255	$	207,743

^{______________________________________________} 

⁽¹⁾ This entity owns Walden Woods Shopping Center.

⁽²⁾ This entity held our interest in Talega Village Center JV, LLC. We acquired our joint venture partners' interest in January 2014. See Note 5 for further discussion.

⁽³⁾ This entity holds our interest in Vernola Marketplace JV, LLC. The property held by the joint venture was sold in January 2014.

⁽⁴⁾ This entity held our interest in Canyon Trails Towne Center. The property held by the joint venture was sold in December 2013.

Noncontrolling interests represent the portion of equity that we do not own in certain entities that we consolidate. We account for and report our noncontrolling interests in accordance with the provisions under the Consolidation Topic of the FASB ASC.

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13.    (Loss) Earnings Per Share

The following summarizes the calculation of basic EPS and provides a reconciliation of the amounts of net (loss) income available to common stockholders and shares of common stock used in calculating basic EPS:

	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
	(In thousands, except per share amounts)
(Loss) income from continuing operations	$	(1,065	)	$	10,145		$	27,104		$	24,074
Gain on sale of operating properties	1,141			—			883			—
Net income attributable to noncontrolling interests - continuing operations	(2,511		)	(2,511		)	(7,212		)	(5,204		)
(Loss) income from continuing operations attributable to Equity One, Inc.	(2,435		)	7,634			20,775			18,870
Allocation of continuing income to participating securities	(224		)	(63		)	(438		)	(306		)
(Loss) income from continuing operations available to common stockholders	(2,659		)	7,571			20,337			18,564
Income from discontinued operations	23			26,032			3,087			39,394
Net loss (income) attributable to noncontrolling interests - discontinued    operations	1			(28		)	3			(33		)
Income from discontinued operations attributable to Equity One, Inc.	24			26,004			3,090			39,361
Allocation of income from discontinued operations to participating securities	—			(230		)	—			(356		)
Income from discontinued operations available to common stockholders	24			25,774			3,090			39,005
Net (loss) income available to common stockholders	$	(2,635	)	$	33,345		$	23,427		$	57,569
Weighted average shares outstanding — Basic	117,813			117,385			117,744			117,209
Basic (loss) earnings per share available to common stockholders:
Continuing operations	$	(0.02	)	$	0.06		$	0.17		$	0.16
Discontinued operations	—			0.22			0.03			0.33
(Loss) earnings per common share — Basic	$	(0.02	)	$	0.28		$	0.20		$	0.49

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The following summarizes the calculation of diluted EPS and provides a reconciliation of the amounts of net (loss) income available to common stockholders and shares of common stock used in calculating diluted EPS:

	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
	(In thousands, except per share amounts)
(Loss) income from continuing operations	$	(1,065	)	$	10,145		$	27,104		$	24,074
Gain on sale of operating properties	1,141			—			883			—
Net income attributable to noncontrolling interests - continuing operations	(2,511		)	(2,511		)	(7,212		)	(5,204		)
(Loss) income from continuing operations attributable to Equity One, Inc.	(2,435		)	7,634			20,775			18,870
Allocation of continuing income to participating securities	(224		)	(64		)	(438		)	(308		)
(Loss) income from continuing operations available to common stockholders	(2,659		)	7,570			20,337			18,562
Income from discontinued operations	23			26,032			3,087			39,394
Net loss (income) attributable to noncontrolling interests - discontinued    operations	1			(28		)	3			(33		)
Income from discontinued operations attributable to Equity One, Inc.	24			26,004			3,090			39,361
Allocation of income from discontinued operations to participating securities	—			(229		)	—			(354		)
Income from discontinued operations available to common stockholders	24			25,775			3,090			39,007
Net (loss) income available to common stockholders	$	(2,635	)	$	33,345		$	23,427		$	57,569
Weighted average shares outstanding — Basic	117,813			117,385			117,744			117,209
Stock options using the treasury method	—			364			205			326
Non-participating restricted stock using the treasury method	—			—			6			—
Executive Incentive Plan shares using the treasury method	—			—			26			—
Weighted average shares outstanding — Diluted	117,813			117,749			117,981			117,535
Diluted (loss) earnings per share available to common stockholders:
Continuing operations	$	(0.02	)	$	0.06		$	0.17		$	0.16
Discontinued operations	—			0.22			0.03			0.33
(Loss) earnings per common share — Diluted	$	(0.02	)	$	0.28		$	0.20		$	0.49

The computation of diluted EPS for the three months ended June 30, 2014 did not include 2.9 million shares of common stock, issuable upon the exercise of outstanding options, at prices ranging from $11.59 to $26.66 as the effect would be anti-dilutive. The computation of diluted EPS for the six months endedJune 30, 2014 did not include 1.6 million shares of common stock, issuable upon the exercise of outstanding options, at prices ranging from $22.78 to $26.66, because the option prices were greater than the average market prices of our common shares during the period. The computation of diluted EPS for the three and six months endedJune 30, 2013 did not include 945,000 and 1.4 million shares of common stock, respectively, issuable upon the exercise of outstanding options, at prices ranging from $24.45 to $26.66 and $24.12 to $26.66, respectively, because the option prices were greater than the average market prices of our common shares during these respective periods.

The computation of diluted EPS for both the three and six months endedJune 30, 2014 and 2013 did not include the 11.4 million joint venture units held by Liberty International Holdings Limited ("LIH"), which are redeemable by LIH for cash or, solely at our option, shares of our common stock on a one-for-one basis, subject to certain adjustments. These convertible units were not included in the diluted weighted average share count because their inclusion is anti-dilutive.

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14.    Share-Based Payments

The following table presents stock option activity during the six months endedJune 30, 2014:

	Shares Under Option		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value
	(In thousands)				(In years)	(In thousands)
Outstanding at January 1, 2014	2,985		$	21.53
Granted	200		22.87
Exercised	(272	)	17.49
Forfeited or expired	(60	)	23.14
Outstanding at June 30, 2014	2,853		$	21.97	4.0	$	6,011
Exercisable at June 30, 2014	2,603		$	21.96	3.5	$	5,641

The fair value of the option grant was estimated on the grant date using the Black-Scholes-Merton pricing model with the following assumptions:

Dividend yield	3.8	%
Risk-free interest rate	2.0	%
Expected option life (years)	6.25
Expected volatility	39.8	%

The following table presents information regarding restricted stock activity during the six months endedJune 30, 2014:

	Unvested Shares			Weighted Average Grant-Date Fair Value
	(In thousands)
Unvested at January 1, 2014	857			$	17.37
Granted	149			22.74
Vested	(83	)		19.06
Forfeited	—			—
Unvested at June 30, 2014	923		*	$	18.09

^{______________________________________________} 

* Does not include 800,000 shares of restricted stock awarded to certain executives which are subject to performance vesting conditions and are not entitled to vote or receive dividends during the performance period.

During the six months endedJune 30, 2014, we granted 149,080 shares of restricted stock that are subject to forfeiture and vest over periods from 0 to 4 years. We measure compensation expense for restricted stock awards based on the fair value of our common stock at the date of grant and charge such amounts to expense ratably over the vesting period on a straight-line basis. The total grant-date value of the 82,770 shares of restricted stock that vested during the six months endedJune 30, 2014 was approximately $1.6 million.

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Share-based compensation expense, which is included in general and administrative expenses in the accompanying condensed consolidated statements of operations, is summarized as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
	(In thousands)
Restricted stock expense	$	20		$	1,490		$	1,776		$	3,031
Stock option expense	322			110			401			253
Employee stock purchase plan discount	9			6			17			9
Total equity-based expense	351			1,606			2,194			3,293
Restricted stock classified as a liability	26			39			131			39
Total expense	377			1,645			2,325			3,332
Less amount capitalized	(164		)	(80		)	(345		)	(167		)
Net share-based compensation expense	$	213		$	1,565		$	1,980		$	3,165

As of June 30, 2014, we had $15.1 million of total unrecognized compensation expense related to unvested and restricted share-based payment arrangements (unvested options and restricted shares) granted under our Amended and Restated Equity One 2000 Executive Incentive Compensation Plan. This expense is expected to be recognized over a weighted-average period of 2.8 years.

Employment Related Agreements

Jeffrey Olson

In March 2014, Jeffrey Olson, our former Chief Executive Officer, informed us that he would not be renewing his employment agreement which was set to expire on December 31, 2014. On June 2, 2014, we entered into a Separation of Employment Agreement with Mr. Olson which resulted in a modification of the terms of his outstanding equity awards such that 58,240 shares of restricted stock that were scheduled to vest on December 31, 2014 are now scheduled to vest on August 29, 2014 and the post-employment window in which Mr. Olson can exercise his vested stock options was extended from three months to six months. In addition, the service and market conditions related to Mr. Olson's long-term incentive plan award ("LTIP") that was scheduled to vest on December 31, 2014 were modified such that the award is now scheduled to vest on August 29, 2014, subject to the market conditions being met. The modification of Mr. Olson’s stock options resulted in additional compensation expense of $232,000, as determined using a Black-Scholes-Merton model, which was recognized on the modification date as the options had previously vested. As a result of Mr. Olson’s separation and the related modification of the vesting conditions associated with his restricted stock and LTIP awards, all compensation expense previously recognized in relation to these awards (excluding the value of dividends previously paid on such awards) was reversed. The value of the modified restricted stock, as determined by the fair value of our common stock as of the modification date, and the fair value of the modified LTIP, as determined using a Monte Carlo simulation, will be recognized from the modification date through August 29, 2014. The modifications resulted in a net reversal of $1.7 million in compensation expense associated with these awards during the three and six months ended June 30, 2014. We expect to recognize $1.5 million in compensation expense in the third quarter of 2014 in connection with these awards.

David Lukes

On April 2, 2014, we entered into an employment agreement with David Lukes, our Chief Executive Officer, which became effective as of May 12, 2014 and has an initial term which ends on May 12, 2018. Mr. Lukes' employment agreement provides for an annual base salary of $850,000 and other benefits generally made available to our senior executive officers. In addition, Mr. Lukes is eligible for a target performance bonus of 100% of his base salary, except that with respect to the 2014 calendar year, Mr. Lukes will receive an annual bonus of no less than $850,000 reduced pro rata based on the portion of calendar year 2014 during which Mr. Lukes was not employed by the Company. Bonuses will be payable 50% in cash and 50% in shares of our restricted stock which will vest ratably over three years. Mr. Lukes also received a signing bonus of $500,000, which is included in general and administrative expenses in the accompanying statements of operations for the three and six months ended June 30, 2014. Mr. Lukes will repay the signing bonus in full in the event he resigns without good reason or is terminated for cause within 12 months of the commencement of his employment.

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Upon the commencement of his employment, Mr. Lukes received 200,000 stock options with an exercise price of $22.87 per share that will vest ratably on the first, second, third and fourth anniversaries of the grant date. In addition, Mr. Lukes received 68,956 shares of restricted stock that will vest ratably on the second, third, and fourth anniversaries of the grant date and a LTIP, under which Mr. Lukes' target award is 156,300 shares of our common stock. The number of shares of stock that will ultimately be issued under the LTIP will be based on our performance during the four-year period beginning on the date of Mr. Lukes' employment. The performance metrics (and their weightings) are based on our absolute total shareholder return ("Absolute TSR") (25%), total shareholder return relative to specified peer companies ("Relative TSR") (25%) and growth in recurring funds from operations per share ("Recurring FFO Growth") (25%). The remaining 25% of Mr. Lukes' award will be discretionary. For each of these four components, Mr. Lukes can earn 50%, 100% or 200% of the 39,075 target shares allocated to such component based on the actual performance compared to specified targets. Shares earned pursuant to the LTIP will be issued following the completion of the four-year performance period, subject to Mr. Lukes' continued employment through the end of such period.

The Absolute TSR and Relative TSR components of Mr. Lukes’ LTIP are considered market-based awards. Accordingly, the probability of meeting the market criteria was considered when calculating the estimated fair value of the awards on the date of grant using Monte Carlo simulations. Furthermore, compensation expense associated with these awards will be recognized over the requisite service period as long as the requisite service is provided, regardless of whether the market criteria are achieved and the awards are ultimately earned. The significant assumptions used to value these awards include the volatility of our common stock (24.3%), the volatility of the common stock of various peer companies (which ranged from 13.7% to 28.6%), and the risk-free interest rate (1.3%). The aggregate estimated fair value of these components of Mr. Lukes’ LTIP was $1.5 million which will be recognized over the four-year performance period.

The Recurring FFO Growth component of Mr. Lukes’ LTIP is considered a performance-based award which is earned subject to future performance measurement. The award was valued at $19.51 per share based on the fair value of our common stock at the date of grant less the present value of the dividends expected to be paid on our common stock during the requisite service period. Compensation expense will be recognized over the requisite service period based on management’s periodic estimate of the likelihood that the performance criteria will be met.

Chaim Katzman

On June 2, 2014, we entered into a Chairman Compensation Agreement with Chaim Katzman, our Chairman of the Board, which will replace Mr. Katzman’s existing Chairman Compensation Agreement with the Company following the expiration of its term on December 31, 2014. The initial term of the new Chairman Compensation Agreement ends December 31, 2017. Pursuant to the agreement, Mr. Katzman will receive 255,000 shares of restricted stock that will vest as follows: (i) 7,095 shares on January 31, 2015; and (ii) 7,083 shares on the last day of each calendar month beginning February 2015 and ending December 2017. The award was valued at $22.24 per share based on the fair value of our common stock at the date of grant less the present value of the dividends expected to be paid on our common stock during the period from the date of grant to January 2, 2015, at which time Mr. Katzman’s restricted stock will be entitled to receive dividends. Compensation expense related to the award will be recognized over the period from June 2014 through December 2017.

Thomas Caputo

On June 25, 2014, we entered into a new employment agreement with Thomas Caputo, our President, which is effective as of January 1, 2015 immediately following the expiration of the current term of Mr. Caputo’s existing employment agreement with the Company and ends on December 31, 2016. Mr. Caputo's new employment agreement provides for an annual base salary of $750,000 and other benefits generally made available to our senior executive officers. In addition, Mr. Caputo will be eligible for a target performance bonus of 100% of his base salary that will be payable in cash. Pursuant to the agreement, on January 1, 2015, we will grant to Mr. Caputo $1.0 million in shares of our restricted common stock (valued by the Compensation Committee on the date of grant based on the average closing price of a share of our common stock during the 10 trading days immediately preceding the grant date), which shares will fully vest on December 31, 2016 subject to Mr. Caputo then being employed by the Company.

Michael Makinen

On June 25, 2014, we entered into an employment agreement with Michael Makinen to serve as our Chief Operating Officer. The agreement became effective as of July 15, 2014, and the initial term ends on July 15, 2018. Mr. Makinen's employment agreement provides for an annual base salary of $400,000 and other benefits generally made available to our senior executive officers. In addition, Mr. Makinen is eligible for a target performance bonus of $300,000, except that with respect to the 2014 calendar year, Mr. Makinen will receive an annual bonus of no less than $300,000 reduced pro rata based on the portion of calendar year 2014 during which Mr. Makinen was not employed by the Company. Bonuses will be payable 50% in cash and 50% in shares of our restricted stock which will vest ratably over three years.

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Upon the commencement of his employment, Mr. Makinen received 5,000 shares of restricted stock that will vest in equal portions on the first and second anniversaries of the grant date and a LTIP, under which Mr. Makinen's target award will be 25,685 shares of our common stock. The number of shares of stock that will ultimately be awarded will be based on our performance during the four-year period beginning on the date of Mr. Makinen's employment. Mr. Makinen's LTIP award will share the same performance metrics and weightings as Mr. Lukes' LTIP award described above. Shares earned pursuant to the LTIP will be issued following the completion of the four-year performance period, subject to Mr. Makinen's continued employment through the end of such period.

Amended and Restated 2004 Employee Stock Purchase Plan

In 2004, we adopted an Employee Stock Purchase Plan (the “ESPP”) in order to provide a convenient means by which eligible employees could purchase shares of our common stock on a quarterly basis through payroll deductions and voluntary cash investments. The original ESPP terminated on March 31, 2014 pursuant to its own terms. Accordingly, our board of directors adopted an amended and restated ESPP which was approved by our stockholders at our May 2014 annual meeting. Under the amended and restated ESPP, the quarterly purchase price per share paid by employees is 85% of the average closing price per share of our common stock on the five trading days that immediately precede the last trading day of the quarter, provided, however, that in no event may the purchase price be less than the lower of (i) 85% of the closing price on the first trading day of the quarter or (ii) 85% of the closing price on the last trading day of the quarter. Shares purchased under the amended and restated ESPP are subject to a six-month holding requirement, subject to exceptions for hardship.

15.    Segment Reporting

We review operating and financial data for each property on an individual basis; therefore each of our individual properties is a separate operating segment. We have aggregated our operating segments in six reportable segments based primarily upon our method of internal reporting which classifies our operations by geographical area. Our reportable segments by geographical area are as follows: (1) South Florida – including Miami-Dade, Broward and Palm Beach Counties; (2) North Florida – including all of Florida north of Palm Beach County; (3) Southeast – including Georgia, Louisiana, North Carolina and Virginia; (4) Northeast – including Connecticut, Maryland, Massachusetts and New York; (5) West Coast – California; and (6) Non-retail – which is comprised of our non-retail assets.

We assess a segment’s performance based on net operating income (“NOI”). NOI excludes interest and other income, acquisition costs, general and administrative expenses, interest expense, depreciation and amortization expense, gain (loss) on sale of real estate, gain (loss) on extinguishment of debt, equity in income of unconsolidated joint ventures, income tax provision from taxable REIT subsidiaries, amortization of deferred financing fees, impairments, and income attributable to noncontrolling interests. NOI is a non-GAAP financial measure. The most directly comparable GAAP financial measure is (loss) income from continuing operations before tax and discontinued operations, which, to calculate NOI, is adjusted to add back depreciation and amortization, general and administrative expense, interest expense, amortization of deferred financing fees and impairments, and to exclude straight line rent adjustments, accretion of below market lease intangibles (net), revenue earned from management and leasing services, investment income, equity in income of unconsolidated joint ventures, gain (loss) on extinguishment of debt and other income. NOI includes management fee expense recorded at each operating segment based on a percentage of revenue which is eliminated in consolidation. We use NOI internally as a performance measure and believe NOI provides useful information to investors regarding our financial condition and results of operations because it reflects only those income and expense items that are incurred at the property level. Therefore, we believe NOI is a useful measure for evaluating the operating performance of our real estate assets. NOI presented by us may not be comparable to NOI reported by other REITs that define NOI differently. We believe that in order to facilitate a clear understanding of our operating results, NOI should be examined in conjunction with (loss) income from continuing operations before tax and discontinued operations as presented in our condensed consolidated financial statements. NOI should not be considered as an alternative to net income attributable to Equity One as an indication of our performance or to cash flows as a measure of liquidity or our ability to make distributions. We consider NOI to be an appropriate supplemental measure to net income because it helps both investors and management understand the core operations of our properties.

The following table sets forth the financial information relating to our continuing operations presented by segments and includes a reconciliation of NOI to (loss) income from continuing operations before tax and discontinued operations, the most directly comparable GAAP financial measure:

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	Three Months Ended June 30,					Six Months Ended June 30,
	2014			2013		2014		2013
	(In thousands)
Revenue:
South Florida	$	22,765		$	23,296	$	46,270	$	46,337
North Florida	9,416			9,390		19,124		18,983
Southeast	8,857			9,491		18,385		18,882
Northeast	20,750			18,248		42,349		36,322
West Coast	19,414			17,011		37,697		33,950
Non-retail	906			394		1,832		660
Total segment revenue	82,108			77,830		165,657		155,134
Add:
Straight line rent adjustment	1,076			211		1,738		722
Accretion of below market lease intangibles, net	3,675			3,211		11,656		6,411
Management and leasing services	584			484		1,213		898
Total revenue	$	87,443		$	81,736	$	180,264	$	163,165
Net operating income (NOI):
South Florida	$	15,697		$	15,520	$	32,256	$	31,353
North Florida	6,588			6,482		13,463		12,646
Southeast (1)	6,000			6,588		13,787		13,273
Northeast	14,723			12,875		29,205		25,584
West Coast	12,982			11,288		25,523		22,794
Non-retail	751			241		1,510		399
Total NOI	56,741			52,994		115,744		106,049
Add:
Straight line rent adjustment	1,076			211		1,738		722
Accretion of below market lease intangibles, net	3,675			3,211		11,656		6,411
Management and leasing services	584			484		1,213		898
Elimination of intersegment expenses	2,754			2,595		5,514		5,188
Investment income	28			2,209		199		4,413
Equity in income of unconsolidated joint ventures	1,268			615		9,529		1,050
Gain on extinguishment of debt	—			107		1,074		107
Other income	5			162		2,846		162
Less:
Depreciation and amortization expense	27,666			22,797		53,933		44,530
General and administrative expense	8,872			9,673		19,786		18,567
Interest expense	16,086			16,701		32,986		33,937
Amortization of deferred financing fees	601			603		1,200		1,209
Impairment loss	13,892			2,662		13,892		2,662
(Loss) income from continuing operations before tax and    discontinued operations	$	(986	)	$	10,152	$	27,716	$	24,095

⁽¹⁾ Included in NOI for the Southeast region for the six months endedJune 30, 2014 is the reversal of $1.1 million in our allowance for doubtful accounts for certain historical real estate tax billings for which a settlement was reached with the tenants.

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The following is a summary by segment of total assets included in the condensed consolidated balance sheets:

	June 30, 2014		December 31, 2013
	(In thousands)
Assets:
South Florida	$	650,820	$	690,328
North Florida	280,477		318,375
Southeast	274,356		305,013
Northeast	1,069,576		974,444
West Coast	854,829		833,890
Non-retail	60,150		61,273
Corporate assets	110,195		157,932
Properties held for sale	53,162		13,404
Total assets	$	3,353,565	$	3,354,659

16.    Commitments and Contingencies

As of June 30, 2014, we had provided letters of credit having an aggregate face amount of $2.6 million as additional security for financial and other obligations.

As of June 30, 2014, we have invested an aggregate of approximately $70.0 million in active development or redevelopment projects at various stages of completion and anticipate that these projects will require an additional $69.4 million to complete, based on our current plans and estimates, which we anticipate will be expended over the next two years. These obligations, comprised principally of construction contracts, are generally due as the work is performed and are expected to be financed by funds available under our credit facilities, proceeds from property dispositions and available cash.

We are subject to litigation in the normal course of business; however, we do not believe that any of the litigation outstanding as of June 30, 2014 will have a material adverse effect on our financial condition, results of operations or cash flows.

We were involved in litigation with the fee owner of the majority of the parking lot that services one of our shopping centers. The owner was seeking a declaratory judgment that we and our anchor tenant failed to properly exercise a renewal option under the ground lease at the end of 2012, thereby causing the lease to expire in March 2013. In May 2014, we entered into an agreement to purchase the parking lot for $5.4 million, which approximates fair value, in order to settle our dispute with the fee owner and the transaction was consummated in July 2014.

17.    Environmental Matters

We are subject to numerous environmental laws and regulations. The operation of dry cleaning and gas station facilities at our shopping centers are the principal environmental concerns. We require that the tenants who operate these facilities do so in material compliance with current laws and regulations and we have established procedures to monitor dry cleaning operations. Where available, we have applied and been accepted into state sponsored environmental programs. Several properties in the portfolio will require or are currently undergoing varying levels of environmental remediation. We have environmental insurance policies covering most of our properties which limits our exposure to some of these conditions, although these policies are subject to limitations and environmental conditions known at the time of acquisition are typically excluded from coverage. Management believes that the ultimate disposition of currently known environmental matters will not have a material effect on our financial position, liquidity or operations.

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18.    Fair Value Measurements

Recurring Fair Value Measurements

As of June 30, 2014 and December 31, 2013, we had three interest rate swap agreements with a notional amount of $250.0 million that are measured at fair value on a recurring basis. As of June 30, 2014, the fair value of one of our interest rate swaps consisted of an asset of $810,000, which is included in other assets, and the fair value of the remaining interest rate swaps consisted of a liability of $921,000, which is included in accounts payable and accrued expenses in our condensed consolidated balance sheet. As of December 31, 2013, the fair value of our swaps was an asset of $2.9 million, which is included in other assets in our condensed consolidated balance sheet. The net unrealized loss on our interest rate swaps was $3.1 million and $4.7 million for the three and six months endedJune 30, 2014, respectively, and is included in accumulated other comprehensive income. The fair value of the interest rate swaps is based on the estimated amount we would receive or pay to terminate the contract at the reporting date and is determined using interest rate pricing models and observable inputs. The interest rate swaps are classified within Level 2 of the valuation hierarchy.

The following are assets (liabilities) measured at fair value on a recurring basis as of June 30, 2014 and December 31, 2013:

	Fair Value Measurements
Assets:	Total			Level 1		Level 2			Level 3
June 30, 2014	(In thousands)
Interest rate derivatives:
Classified as an asset in other assets	$	810		$	—	$	810		$	—
Classified as a liability in accounts payable    and accrued expenses	$	(921	)	$	—	$	(921	)	$	—
December 31, 2013
Interest rate derivatives:
Classified as an asset in other assets	$	2,944		$	—	$	2,944		$	—

Valuation Methods

The fair values of our interest rate swaps were determined using widely accepted valuation techniques, including discounted cash flow analysis on the expected cash flows of the derivative financial instrument. This analysis reflected the contractual terms of the derivative, including the period to maturity, and used observable market-based inputs, including interest rate market data and implied volatilities in such interest rates. While it was determined that the majority of the inputs used to value the derivatives fall within Level 2 of the fair value hierarchy under authoritative accounting guidance, the credit valuation adjustments associated with the derivatives also utilized Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default. However, as of June 30, 2014, the significance of the impact of the credit valuation adjustments on the overall valuation of the derivative financial instruments was assessed and it was determined that these adjustments were not significant to the overall valuation of the derivative financial instruments. As a result, it was determined that the derivative financial instruments in their entirety should be classified in Level 2 of the fair value hierarchy. The net unrealized loss included in other comprehensive income was attributable to the net change in unrealized gains and losses related to the interest rate swaps that remained outstanding as of June 30, 2014, none of which were reported in the condensed consolidated statements of operations because they were documented and qualified as hedging instruments.

26

Non-Recurring Fair Value Measurements

The following table presents our hierarchy for those assets measured and recorded at fair value on a non-recurring basis as of June 30, 2014:

Assets:	Total		Level 1		Level 2		Level 3		Total Losses(1)
	(In thousands)
Operating properties held and used	$	11,900	$	—	$	—	$	11,900	$	9,573
Operating properties held for sale	16,800		—		16,800		—		2,058
Total	$	28,700	$	—	$	16,800	$	11,900	$	11,631

^{____________________________________________} 

⁽¹⁾ Total losses exclude impairments of $2.2 million recognized related to properties sold during the six months endedJune 30, 2014 primarily based on sales contracts.

The following table presents our hierarchy for those assets measured and recorded at fair value on a non-recurring basis as of December 31, 2013:

Assets:	Total		Level 1		Level 2		Level 3			Total Losses(1)
	(In thousands)
Operating properties held and used	$	6,600	$	—	$	—	$	6,600	(2)	$	2,406
Operating properties held for sale	3,875		—		3,875		—			1,313
Development properties held for use	6,400		—		—		6,400			3,085
Total	$	16,875	$	—	$	3,875	$	13,000		$	6,804

^{____________________________________________} 

⁽¹⁾ Total losses are for the full year ended December 31, 2013 and exclude impairments related to properties sold during the year.

⁽²⁾ $5.4 million of the total represents the fair value of an operating property as of the date it was impaired during the third quarter of 2013. As of December 31, 2013, the carrying amount of the property no longer equaled its fair value.

On a non-recurring basis, we evaluate the carrying value of investment property and investments in and advances to unconsolidated joint ventures when events or changes in circumstances indicate that the carrying value may not be recoverable. Impairments, if any, result primarily from values established by Level 3 valuations. The carrying value is considered impaired when the total projected undiscounted cash flows from such asset is separately identifiable and is less than its carrying value. In that event, a loss is recognized based on the amount by which the carrying value exceeds the fair value of the asset as determined by purchase price offers or by discounted cash flows using the income or market approach. These cash flows are comprised of unobservable inputs which include contractual rental revenue and forecasted rental revenue and expenses based upon market conditions and expectations for growth. Capitalization rates and discount rates utilized in these models are based upon observable rates that we believe to be within a reasonable range of current market rates for the respective properties. Based on these inputs, we determined that the valuations of these investment properties and investments in unconsolidated joint ventures are classified within Level 3 of the fair value hierarchy.

The following are ranges of key inputs used in determining the fair value of income producing properties measured using Level 3 inputs:

	June 30, 2014		December 31, 2013
	Low	High	Low	High
Overall capitalization rates	10.0%	15.0%	12.5%	15.5%
Discount rates	12.0%	14.5%	10.0%	13.5%
Terminal capitalization rates	11.0%	13.5%	12.5%	12.5%

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During the six months endedJune 30, 2014, we recognized $9.6 million of impairment losses on two operating properties located in the Southeast region considered an asset group and one operating property located in the North Florida region. The operating properties located in the Southeast region were impaired due to the increased financial uncertainties surrounding a dark anchor tenant and the reconsideration of our anticipated holding period for the assets. The operating property in the North Florida region was impaired due to the loss of an anchor tenant and the re-leasing of such space at lower rents, as well as the reconsideration of our anticipated holding period for the asset. During the year ended December 31, 2013, we recognized $2.4 million of impairment losses on operating properties located in the Southeast region. The estimated fair values related to the impairment assessments were primarily based on discounted cash flow analyses and, therefore, are classified within Level 3 of the fair value hierarchy.

During the six months endedJune 30, 2014, we recognized $2.1 million of impairment losses on two properties held for sale located in the Southeast and South Florida regions. During the year ended December 31, 2013, we recognized an impairment loss of $1.3 million on a property held for sale located in the Southeast region. The estimated fair values related to the impairment assessments were based upon the expected sales prices as determined by executed contracts and, therefore, are classified within Level 2 of the fair value hierarchy.

During the year ended December 31, 2013, we recognized impairment losses of $3.1 million on land parcels located in the Southeast and West Coast regions. The estimated fair values related to the impairment assessments were based on appraisals and, therefore, are classified within Level 3 of the fair value hierarchy. During the six months endedJune 30, 2014, we did not recognize impairment losses on development properties held for use.

19.    Fair Value of Financial Instruments

The estimated fair values of financial instruments have been determined by us using available market information and appropriate valuation methods. Considerable judgment is required in interpreting market data to develop the estimates of fair value. Accordingly, the estimates presented herein are not necessarily indicative of the amounts that we could realize in a current market exchange. The use of different market assumptions and/or estimation methods may have a material effect on the estimated fair value amounts. We have used the following market assumptions and/or estimation methods:

Cash and Cash Equivalents, Accounts and Other Receivables, Accounts Payable and Accrued Expenses and Unsecured Revolving Credit Facilities (classified within Levels 1, 2 and 3 of the valuation hierarchy) – The carrying amounts reported in the condensed consolidated balance sheets for these financial instruments approximate fair value because of their short maturities.

Loans Receivable (classified within Level 2 of the valuation hierarchy) – The carrying value of the loans receivable of $60.7 million as of December 31, 2013 approximated fair value due to their short maturities.

Mortgage Notes Payable (classified within Level 2 of the valuation hierarchy) – The fair value estimated as of June 30, 2014 and December 31, 2013 was approximately $447.3 million and $461.5 million, respectively, calculated based on the net present value of payments over the term of the loans using estimated market rates for similar mortgage loans and remaining terms. The carrying amount (principal and unaccreted premium) of these notes, including notes associated with properties held for sale, was $414.7 million and $438.0 million as of June 30, 2014 and December 31, 2013, respectively.

Unsecured Senior Notes Payable (classified within Level 2 of the valuation hierarchy) – The fair value estimated as of June 30, 2014 and December 31, 2013 was approximately $791.2 million and $762.6 million, respectively, calculated based on the net present value of payments over the terms of the notes using estimated market rates for similar notes and remaining terms. The carrying amount (principal net of unamortized discount) of these notes was $729.6 million and $729.4 million as of June 30, 2014 and December 31, 2013, respectively.

Term Loan (classified within Level 2 of the valuation hierarchy) – The fair value estimated as of June 30, 2014 and December 31, 2013 was approximately $258.8 million and $248.7 million, respectively, calculated based on the net present value of payments over the term of the loan using estimated market rates for similar notes and remaining terms. The carrying amount of this loan was $250.0 million as of both June 30, 2014 and December 31, 2013.

The fair market value calculations of our debt as of June 30, 2014 and December 31, 2013 include assumptions as to the effects that prevailing market conditions would have on existing secured or unsecured debt. The calculations use a market rate spread over the risk free interest rate. This spread is determined by using the remaining life to maturity coupled with loan-to-value considerations of the respective debt. Once determined, this market rate is used to discount the remaining debt service payments in an attempt to reflect the present value of this stream of cash flows. While the determination of the appropriate market rate is subjective in nature, recent market data gathered suggest that the composite rates used for mortgages, senior notes and term loans are consistent with current market trends.

28

Interest Rate Swap Agreements (classified within Level 2 of the valuation hierarchy) – As of June 30, 2014, the fair value of one of our interest rate swaps consisted of an asset of $810,000, which is included in other assets, and the fair value of the remaining interest rate swaps consisted of a liability of $921,000, which is included in accounts payable and accrued expenses in our condensed consolidated balance sheet. As of December 31, 2013, the fair value of our interest rate swaps was an asset of $2.9 million, which is included in other assets in our condensed consolidated balance sheets. See Note 18 above for a discussion of the method used to value the interest rate swaps.

Redeemable Noncontrolling Interests (classified within Level 3 of the valuation hierarchy) – The carrying amount of the redeemable noncontrolling interestswas $989,000 as of both June 30, 2014 and December 31, 2013, which approximates fair value as determined by discounted cash flow analyses.

29

20.    Condensed Consolidating Financial Information

Many of our subsidiaries that are 100% owned, either directly or indirectly, have guaranteed our indebtedness under our unsecured senior notes and our term loan and revolving credit facilities. The guarantees are joint and several and full and unconditional. The following statements set forth consolidating financial information with respect to guarantors of our unsecured senior notes:

Condensed Consolidating Balance Sheet As of June 30, 2014	Equity One, Inc.		Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminating Entries			Consolidated
	(In thousands)
ASSETS
Properties, net	$	161,172	$	1,401,374	$	1,398,654	$	(80	)	$	2,961,120
Investment in affiliates	2,678,334		—		—		(2,678,334		)	—
Other assets	256,021		95,994		834,548		(794,118		)	392,445
TOTAL ASSETS	$	3,095,527	$	1,497,368	$	2,233,202	$	(3,472,532	)	$	3,353,565
LIABILITIES
Total notes payable	$	1,712,598	$	123,580	$	451,719	$	(760,600	)	$	1,527,297
Other liabilities	12,420		87,612		181,082		(33,598		)	247,516
TOTAL LIABILITIES	1,725,018		211,192		632,801		(794,198		)	1,774,813
REDEEMABLE NONCONTROLLING    INTERESTS	—		—		989		—			989
EQUITY	1,370,509		1,286,176		1,599,412		(2,678,334		)	1,577,763
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY	$	3,095,527	$	1,497,368	$	2,233,202	$	(3,472,532	)	$	3,353,565

Condensed Consolidating Balance Sheet As of December 31, 2013	Equity One, Inc.		Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminating Entries			Consolidated
	(In thousands)
ASSETS
Properties, net	$	178,797	$	1,424,571	$	1,313,598	$	(133	)	$	2,916,833
Investment in affiliates	2,680,043		—		—		(2,680,043		)	—
Other assets	229,761		92,916		918,026		(802,877		)	437,826
TOTAL ASSETS	$	3,088,601	$	1,517,487	$	2,231,624	$	(3,483,053	)	$	3,354,659
LIABILITIES
Total notes payable	$	1,670,438	$	131,217	$	467,354	$	(760,600	)	$	1,508,409
Other liabilities	22,979		90,894		170,872		(42,410		)	242,335
TOTAL LIABILITIES	1,693,417		222,111		638,226		(803,010		)	1,750,744
REDEEMABLE NONCONTROLLING    INTERESTS	—		—		989		—			989
EQUITY	1,395,184		1,295,376		1,592,409		(2,680,043		)	1,602,926
TOTAL LIABILITIES, REDEEMABLE    NONCONTROLLING INTERESTS    AND EQUITY	$	3,088,601	$	1,517,487	$	2,231,624	$	(3,483,053	)	$	3,354,659

30

Condensed Consolidating Statement of Comprehensive (Loss) Income for the three months ended June 30, 2014	Equity One, Inc.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminating Entries			Consolidated
	(In thousands)
Total revenue	$	6,133		$	43,391		$	37,919		$	—		$	87,443
Equity in subsidiaries' earnings	27,435			—			—			(27,435		)	—
Total costs and expenses	10,336			23,890			25,199			(274		)	59,151
INCOME BEFORE OTHER INCOME AND       EXPENSE, TAX AND DISCONTINUED       OPERATIONS	23,232			19,501			12,720			(27,161		)	28,292
Other income and (expense)	(25,725		)	(5,530		)	2,220			(243		)	(29,278		)
(LOSS) INCOME FROM CONTINUING       OPERATIONS BEFORE TAX AND       DISCONTINUED OPERATIONS	(2,493		)	13,971			14,940			(27,404		)	(986		)
Income tax benefit (provision) of taxable REIT    subsidiaries	—			26			(105		)	—			(79		)
(LOSS) INCOME FROM CONTINUING       OPERATIONS	(2,493		)	13,997			14,835			(27,404		)	(1,065		)
Income (loss) from discontinued operations	7			(53		)	68			1			23
Gain from sale of operating properties	8			1,125			8			—			1,141
NET (LOSS) INCOME	(2,478		)	15,069			14,911			(27,403		)	99
Other comprehensive loss	(2,278		)	—			(67		)	—			(2,345		)
COMPREHENSIVE (LOSS) INCOME	(4,756		)	15,069			14,844			(27,403		)	(2,246		)
Comprehensive income attributable to    noncontrolling interests	—			—			(2,510		)	—			(2,510		)
COMPREHENSIVE (LOSS) INCOME        ATTRIBUTABLE TO EQUITY ONE, INC.	$	(4,756	)	$	15,069		$	12,334		$	(27,403	)	$	(4,756	)

Condensed Consolidating Statement of Comprehensive Income for the three months ended June 30, 2013	Equity One, Inc.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminating Entries			Consolidated
	(In thousands)
Total revenue	$	6,626		$	41,687		$	33,423		$	—		$	81,736
Equity in subsidiaries' earnings	53,113			—			—			(53,113		)	—
Total costs and expenses	10,805			22,195			21,854			(143		)	54,711
INCOME BEFORE OTHER INCOME AND       EXPENSE, TAX AND DISCONTINUED       OPERATIONS	48,934			19,492			11,569			(52,970		)	27,025
Other income and (expense)	(16,532		)	(3,357		)	3,241			(225		)	(16,873		)
INCOME FROM CONTINUING OPERATIONS       BEFORE TAX AND DISCONTINUED       OPERATIONS	32,402			16,135			14,810			(53,195		)	10,152
Income tax benefit (provision) of taxable REIT    subsidiaries	—			30			(37		)	—			(7		)
INCOME FROM CONTINUING OPERATIONS	32,402			16,165			14,773			(53,195		)	10,145
Income from discontinued operations	1,364			24,465			84			119			26,032
NET INCOME	33,766			40,630			14,857			(53,076		)	36,177
Other comprehensive income	7,585			—			128			—			7,713
COMPREHENSIVE INCOME	41,351			40,630			14,985			(53,076		)	43,890
Comprehensive income attributable to    noncontrolling interests	—			—			(2,539		)	—			(2,539		)
COMPREHENSIVE INCOME ATTRIBUTABLE        TO EQUITY ONE, INC.	$	41,351		$	40,630		$	12,446		$	(53,076	)	$	41,351

31

Condensed Consolidating Statement of Comprehensive Income for the six months ended June 30, 2014	Equity One, Inc.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminating Entries			Consolidated
	(In thousands)
Total revenue	$	12,718		$	92,783		$	74,763		$	—		$	180,264
Equity in subsidiaries' earnings	78,277			—			—			(78,277		)	—
Total costs and expenses	23,445			48,201			46,959			(487		)	118,118
INCOME BEFORE OTHER INCOME AND       EXPENSE, TAX AND DISCONTINUED       OPERATIONS	67,550			44,582			27,804			(77,790		)	62,146
Other income and (expense)	(43,605		)	(7,283		)	16,943			(485		)	(34,430		)
INCOME FROM CONTINUING       OPERATIONS BEFORE TAX AND       DISCONTINUED OPERATIONS	23,945			37,299			44,747			(78,275		)	27,716
Income tax benefit (provision) of taxable REIT subsidiaries	—			7			(619		)	—			(612		)
INCOME FROM CONTINUING OPERATIONS	23,945			37,306			44,128			(78,275		)	27,104
Income from discontinued operations	7			3,057			17			6			3,087
(Loss) gain from sale of operating properties	(280		)	1,125			38			—			883
NET INCOME	23,672			41,488			44,183			(78,269		)	31,074
Other comprehensive loss	(3,023		)	—			(193		)	—			(3,216		)
COMPREHENSIVE INCOME	20,649			41,488			43,990			(78,269		)	27,858
Comprehensive income attributable to noncontrolling interests	—			—			(7,209		)	—			(7,209		)
COMPREHENSIVE INCOME ATTRIBUTABLE       TO EQUITY ONE, INC.	$	20,649		$	41,488		$	36,781		$	(78,269	)	$	20,649

Condensed Consolidating Statement of Comprehensive Income for the six months ended June 30, 2013	Equity One, Inc.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminating Entries			Consolidated
	(In thousands)
Total revenue	$	13,181		$	83,676		$	66,308		$	—		$	163,165
Equity in subsidiaries' earnings	96,236			—			—			(96,236		)	—
Total costs and expenses	21,436			45,366			40,406			(214		)	106,994
INCOME BEFORE OTHER INCOME AND       EXPENSE, TAX AND DISCONTINUED       OPERATIONS	87,981			38,310			25,902			(96,022		)	56,171
Other income and (expense)	(36,473		)	(3,623		)	8,470			(450		)	(32,076		)
INCOME FROM CONTINUING       OPERATIONS BEFORE TAX AND       DISCONTINUED OPERATIONS	51,508			34,687			34,372			(96,472		)	24,095
Income tax benefit (provision) of taxable REIT subsidiaries	—			70			(91		)	—			(21		)
INCOME FROM CONTINUING OPERATIONS	51,508			34,757			34,281			(96,472		)	24,074
Income from discontinued operations	6,933			32,131			24			306			39,394
NET INCOME	58,441			66,888			34,305			(96,166		)	63,468
Other comprehensive income	8,988			—			210			—			9,198
COMPREHENSIVE INCOME	67,429			66,888			34,515			(96,166		)	72,666
Comprehensive income attributable to noncontrolling interests	—			—			(5,237		)	—			(5,237		)
COMPREHENSIVE INCOME ATTRIBUTABLE       TO EQUITY ONE, INC.	$	67,429		$	66,888		$	29,278		$	(96,166	)	$	67,429

32

Condensed Consolidating Statement of Cash Flows for the six months ended June 30, 2014	Equity One, Inc.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidated
	(In thousands)
Net cash (used in) provided by operating activities	$	(55,029	)	$	60,484		$	65,163		$	70,618
INVESTING ACTIVITIES:
Acquisition of income producing properties	—			(350		)	(85,551		)	(85,901		)
Additions to income producing properties	(1,027		)	(3,690		)	(4,456		)	(9,173		)
Additions to construction in progress	(1,199		)	(25,147		)	(7,077		)	(33,423		)
Deposits for the acquisition of income producing properties	(425		)	—			—			(425		)
Proceeds from sale of real estate and rental properties	9,374			29,598			17,326			56,298
Decrease in cash held in escrow	(22,704		)	—			—			(22,704		)
Repayment of loans receivable	—			—			60,526			60,526
Increase in deferred leasing costs and lease intangibles	(259		)	(1,773		)	(725		)	(2,757		)
Investment in joint ventures	—			—			(289		)	(289		)
Repayments of advances to joint ventures	—			—			27			27
Distributions from joint ventures	—			—			16,232			16,232
Repayments from subsidiaries, net	80,644			(51,482		)	(29,162		)	—
Net cash provided by (used in) investing activities	64,404			(52,844		)	(33,149		)	(21,589		)
FINANCING ACTIVITIES:
Repayments of mortgage notes payable	—			(7,640		)	(24,324		)	(31,964		)
Net borrowings under revolving credit facilities	42,000			—			—			42,000
Proceeds from issuance of common stock	4,852			—			—			4,852
Repurchase of common stock	(205		)	—			—			(205		)
Dividends paid to stockholders	(52,289		)	—			—			(52,289		)
Purchase of noncontrolling interest	—			—			(763		)	(763		)
Distributions to noncontrolling interests	—			—			(6,927		)	(6,927		)
Net cash used in financing activities	(5,642		)	(7,640		)	(32,014		)	(45,296		)
Net increase in cash and cash equivalents	3,733			—			—			3,733
Cash and cash equivalents at beginning of the period	25,583			—			—			25,583
Cash and cash equivalents at end of the period	$	29,316		$	—		$	—		$	29,316

33

Condensed Consolidating Statement of Cash Flows for the six months ended June 30, 2013	Equity One, Inc.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidated
	(In thousands)
Net cash (used in) provided by operating activities	$	(37,326	)	$	52,387		$	46,457		$	61,518
INVESTING ACTIVITIES:
Acquisition of income producing properties	—			(37,000		)	—			(37,000		)
Additions to income producing properties	(850		)	(4,603		)	(1,660		)	(7,113		)
Additions to construction in progress	(371		)	(13,986		)	(3,401		)	(17,758		)
Deposits for the acquisition of income producing properties	(1,150		)	—			—			(1,150		)
Proceeds from sale of real estate and rental properties	49,131			118,363			5,528			173,022
Increase in cash held in escrow	(10,258		)	—			—			(10,258		)
Purchase of below market leasehold interest	—			(25,000		)	—			(25,000		)
Investment in loans receivable	—			—			(12,000		)	(12,000		)
Repayment of loans receivable	—			—			28,659			28,659
Increase in deferred leasing costs and lease intangibles	(627		)	(2,204		)	(1,696		)	(4,527		)
Investment in joint ventures	—			—			(4,266		)	(4,266		)
Advances to joint ventures	—			—			(143		)	(143		)
Distributions from joint ventures	—			—			1,595			1,595
Repayments from subsidiaries, net	94,653			(86,580		)	(8,073		)	—
Net cash provided by (used in) investing activities	130,528			(51,010		)	4,543			84,061
FINANCING ACTIVITIES:
Repayments of mortgage notes payable	(3,584		)	(1,377		)	(26,362		)	(31,323		)
Net repayments under revolving credit facilities	(47,000		)	—			—			(47,000		)
Payment of deferred financing costs	(6		)	—			—			(6		)
Proceeds from issuance of common stock	8,176			—			—			8,176
Repurchase of common stock	(348		)	—			—			(348		)
Stock issuance costs	(94		)	—			—			(94		)
Dividends paid to stockholders	(52,105		)	—			—			(52,105		)
Purchase of noncontrolling interests	—			—			(18,917		)	(18,917		)
Distributions to noncontrolling interests	—			—			(5,041		)	(5,041		)
Distributions to redeemable noncontrolling interests	—			—			(680		)	(680		)
Net cash used in financing activities	(94,961		)	(1,377		)	(51,000		)	(147,338		)
Net decrease in cash and cash equivalents	(1,759		)	—			—			(1,759		)
Cash and cash equivalents at beginning of the period	27,416			—			—			27,416
Cash and cash equivalents at end of the period	$	25,657		$	—		$	—		$	25,657

21. Subsequent Events

Pursuant to the Subsequent Events Topic of the FASB ASC, we have evaluated subsequent events and transactions that occurred after our June 30, 2014 unaudited condensed consolidated balance sheet date for potential recognition or disclosure in our condensed consolidated financial statements and have included such events in the footnotes herein.

34

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following discussion should be read in conjunction with the condensed consolidated interim financial statements and notes thereto appearing in “Item 1. Financial Statements” of this report and the more detailed information contained in our Annual Report on Form 10-K for the year ended December 31, 2013, filed with the SEC on March 3, 2014.

Overview

We are a real estate investment trust, or REIT, that owns, manages, acquires, develops and redevelops shopping centers and retail properties primarily located in supply constrained suburban and urban communities. Our principal business objective is to maximize long-term stockholder value by generating sustainable cash flow growth and increasing the long-term value of our real estate assets. To achieve our objective, we lease and manage our shopping centers primarily with experienced, in-house personnel. We acquire shopping centers that either have leading anchor tenants or contain a mix of tenants that reflect the shopping needs of the communities they serve. We also develop and redevelop shopping centers, leveraging existing tenant relationships and geographic and demographic knowledge while seeking to minimize risks associated with land development.

As of June 30, 2014, our consolidated shopping center portfolio comprised 135 properties, including 113 retail properties and six non-retail properties totaling approximately 14.6 million square feet of gross leasable area, or GLA, 11 development or redevelopment properties with approximately 1.8 million square feet of GLA upon completion, and five land parcels. As of June 30, 2014, our consolidated shopping center occupancy was 94.2% and included national, regional and local tenants. Additionally, we had joint venture interests in 18 retail properties and two office buildings totaling approximately 3.2 million square feet of GLA.

Although the economic challenges of the past several years have affected our business, especially in leasing space to smaller shop tenants located in less densely populated areas, we continued to see increasing interest from prospective small shop tenants during the first half of 2014 and are cautiously optimistic that this trend will continue in line with general economic conditions. The majority of our shopping centers are anchored by supermarkets, drug stores or other necessity-oriented retailers, which are less susceptible to economic cycles. As of June 30, 2014, approximately 60% of our shopping centers were supermarket-anchored, which we believe is a competitive advantage because supermarkets draw traffic to shopping centers even during challenging economic conditions. We also believe the continued diversification of our portfolio, including the reinvestment of proceeds from dispositions into higher quality assets located in urban markets, has made us less susceptible to economic downturns and positions us to enjoy the benefits of an improving economy.

We intend to seek opportunities to invest in our primary target markets of California, the northeastern United States, the Washington D.C. metropolitan area, South Florida and Atlanta, Georgia and to continue to dispose of non-strategic assets located primarily in the southeastern United States and north and central Florida. We also actively seek opportunities to develop or redevelop centers in urban markets with strong demographic characteristics and high barriers to entry. As pricing and opportunity permits, we expect to acquire additional assets in our target markets through the use of both joint venture arrangements and our own capital resources, and we expect to finance development and redevelopment activity primarily with our own capital resources or by issuing debt or equity.

While we have experienced and expect to see continued gradual improvement in general economic conditions during the remainder of 2014, the rate of economic recovery has varied across the regions in which we operate. Volatile consumer confidence, increasing competition from larger retailers, internet sales and limited access to capital have continued to pose challenges for small shop tenants, particularly in certain Southeast and North and Central Florida markets. In addition, certain retail categories such as electronic goods, office supply stores and book stores continue to face increased threats from internet retailers. We believe the continued growth and diversification of our portfolio into top urban markets combined with the current lack of new supply which limits competition, should continue to help to mitigate the impact of these challenges on our business, and we anticipate that our same-property portfolio occupancy in 2014 will increase approximately 1.0% over 2013 and our same-property net operating income (as defined in results of operations below) for 2014 will reflect an increase over 2013 of 2.5% to 3.25%.

The execution of our business strategy during the second quarter of 2014 resulted in:

• the sale of four non-core assets for aggregate gross proceeds of $32.3 million, resulting in a net gain of $1.2 million;

• the prepayment of $6.6 million in mortgage debt;

• the signing of 39 new leases totaling 168,630 square feet, including 23 new leases totaling 53,142 square feet at an average rental rate of $20.09 per square foot in 2014 (excluding $21.75 per square foot of tenant improvements and concessions) as compared to the prior in-place average rent of $18.14 per square foot, on a same space⁽¹⁾ basis, resulting in a 10.8% average rent spread;

35

• the renewal and extension of 86 leases totaling 442,140 square feet, including 85 leases totaling 435,540 square feet at an average rental rate of $14.22 per square foot in 2014 (excluding $0.70 per square foot of tenant improvements and concessions) as compared to the prior in-place average rent of $13.67 per square foot, on a same space basis, a 4.1% average rent spread;

• the increase in consolidated shopping center occupancy⁽²⁾ to 94.2% at June 30, 2014 from 93.9% at March 31, 2014,and from 91.5% at June 30, 2013; and

• the increase in occupancy on a same-property basis⁽³⁾ to 94.2% at June 30, 2014 from 94.1% at March 31, 2014, and an increase of 40 basis points as compared to June 30, 2013.

Including the above, for the six months endedJune 30, 2014, the execution of our business strategy resulted in:

• the acquisition of the two remaining parcels within the Westwood Complex in Bethesda, Maryland for an aggregate purchase price of $80.0 million, thereby completing our acquisition of the entire seven-parcel Westwood Complex. Concurrent with the acquisitions, the outstanding principal balance of the related mortgage loan and mezzanine loan, totaling $60.5 million, were repaid in full by the respective borrowers;

• the acquisition of an outparcel adjacent to the Williamsburg at Dunwoody shopping center in Dunwoody, Georgia for $350,000;

• the acquisition of our joint venture partners' interests in Talega Village Center for an additional cash investment of $6.2 million, resulting in the recognition of a $2.8 million gain, including $561,000 attributable to a noncontrolling interest, due to the remeasurement of our existing equity investment to fair value;

• the sale of eight non-core assets for aggregate gross proceeds of $58.6 million, resulting in a net gain of $4.0 million;

• the sale of the property held by our joint venture, Vernola Marketplace JV, LLC, of which our proportionate share of the gain was $7.4 million, including $1.6 million attributable to a noncontrolling interest;

• the prepayment of $22.5 million in mortgage debt;

• the signing of 90 new leases totaling 411,526 square feet, including 56 new leases totaling 196,945 square feet at an average rental rate of $16.53 per square foot in 2014 (excluding $11.46 per square foot of tenant improvements and concessions) as compared to the prior in-place average rent of $17.19 per square foot, on a same space basis, resulting in a negative 3.9% average rent spread. Excluding the new anchor lease at Park Promenade, the average rental rate of the 55 new leases, on a same space basis, is $22.35 per square foot (excluding $14.76 per square foot of tenant improvements and concessions), as compared to the prior in-place average rent of $20.34 per square foot or an 9.9% average rent spread;

• the renewal and extension of 158 leases totaling 876,083 square feet, including 157 leases totaling 869,483 square feet at an average rental rate of $16.42 per square foot in 2014 (excluding $0.44 per square foot of tenant improvements and concessions) as compared to the prior in-place average rent of $15.74 per square foot, on a same space basis, a 4.3% average rent spread;

_________________________

⁽¹⁾  The “same space” designation is used to compare leasing terms (principally cash leasing spreads) from the prior tenant to the new/current tenant. In some cases, leases and/or premises are excluded from “same space” because the gross leasable area of the prior premises is combined or divided to form a larger or smaller, non-comparable space. Also excluded from the “same space” designation are those leases for which a comparable prior rent is not available due to the acquisition or development of a new center.

⁽²⁾  Our consolidated shopping center occupancy excludes non-retail properties, properties held in unconsolidated joint ventures and development and redevelopment properties.

⁽³⁾  Information provided on a same-property basis includes the results of properties that we consolidated, owned and operated for the entirety of both periods being compared except for non-retail properties and properties for which significant development, redevelopment or expansion occurred during either of the periods being compared.

36

Results of Operations

We derive substantially all of our revenue from rents received from tenants under existing leases on each of our properties. This revenue includes fixed base rents, recoveries of expenses that we have incurred and that we pass through to the individual tenants and percentage rents that are based on specified percentages of tenants’ revenue, in each case as provided in the particular leases.

Our primary cash expenses consist of our property operating expenses, which include: real estate taxes, repairs and maintenance, management expenses, insurance, and utilities; general and administrative expenses, which include payroll, office expenses, professional fees, acquisition costs and other administrative expenses; and interest expense, primarily on mortgage debt, unsecured senior debt, term loans and revolving credit facilities. In addition, we incur substantial non-cash charges for depreciation and amortization on our properties. We also capitalize certain expenses, such as taxes, interest and salaries related to properties under development or redevelopment until the property is ready for its intended use.

Our consolidated results of operations often are not comparable from period to period due to the impact of property acquisitions, dispositions, developments and redevelopments. The results of operations of any acquired property are included in our financial statements as of the date of its acquisition. A large portion of the changes in our statement of operations line items is related to these changes in our shopping center portfolio. In addition, non-cash impairment charges may also affect comparability.

Throughout this section, we have provided certain information on a “same-property” basis. Information provided on a same-property basis includes the results of properties that we consolidated, owned and operated for the entirety of both periods being compared except for non-retail properties and properties for which significant development, redevelopment or expansion occurred during either of the periods being compared. While there is judgment surrounding changes in designations, a property is removed from the same-property pool when a property is considered to be a redevelopment property because it is undergoing significant renovation pursuant to a formal plan or is being repositioned in the market and such renovation or repositioning is expected to have a significant impact on property operating income. A development or redevelopment property is moved to the same-property pool once a substantial portion of the growth expected from the development or redevelopment is reflected in both the current and comparable prior year period. Acquisitions are moved into the same-property pool once we have owned the property for the entirety of the comparable periods and the property is not under significant development, redevelopment or expansion. For the three months ended June 30, 2014, there were no changes to the same-property pool other than those resulting from properties that were disposed of during the quarter.

In this section, we present net operating income (“NOI”), which is a non-GAAP financial measure. The most directly comparable GAAP financial measure is (loss) income from continuing operations before tax and discontinued operations, which, to calculate NOI, is adjusted to add back depreciation and amortization, general and administrative expense, interest expense, amortization of deferred financing fees and impairments, and to exclude straight line rent adjustments, accretion of below market lease intangibles (net), revenue earned from management and leasing services, investment income, equity in income of unconsolidated joint ventures, gains from extinguishments of debt and other income. NOI includes management fee expense recorded at each operating segment based on a percentage of revenue which is eliminated in consolidation. We use NOI internally as a performance measure and believe NOI provides useful information to investors regarding our financial condition and results of operations because it reflects only those income and expense items that are incurred at the property level. Our management also uses NOI to evaluate regional property level performance and to make decisions about resource allocations. Further, we believe NOI is useful to investors as a performance measure because, when compared across periods, NOI reflects the impact on operations from trends in occupancy rates, rental rates, operating costs and acquisition and disposition activity on an unleveraged basis, providing perspective not immediately apparent from (loss) income from continuing operations before tax and discontinued operations. NOI excludes certain components from net income attributable to Equity One, Inc. in order to provide results that are more closely related to a property’s results of operations. For example, interest expense is not necessarily linked to the operating performance of a real estate asset and is often incurred at the corporate level as opposed to the property level. In addition, depreciation and amortization, because of historical cost accounting and useful life estimates, may distort operating performance at the property level. NOI presented by us may not be comparable to NOI reported by other REITs that define NOI differently. We believe that in order to facilitate a clear understanding of our operating results, NOI should be examined in conjunction with (loss) income from continuing operations before tax and discontinued operations as presented in our condensed consolidated financial statements. NOI should not be considered as an alternative to (loss) income from continuing operations before tax and discontinued operations as an indication of our performance or to cash flows as a measure of liquidity or our ability to make distributions.

37

We review operating and financial data, primarily NOI, for each property on an individual basis; therefore, each of our individual properties is a separate operating segment. We have aggregated our operating segments into six reportable segments based primarily upon our method of internal reporting which classifies our operations by geographical area. Our reportable segments by geographical area are as follows: South Florida, North Florida, Southeast, Northeast, West Coast and Non-retail. See Note 15 to the condensed consolidated financial statements included in this report, which is incorporated in this Item 2 by reference, for more information about our business segments and the geographic diversification of our portfolio of properties, and for a reconciliation of NOI to (loss) income from continuing operations before tax and discontinued operations for the three and six months endedJune 30, 2014 and 2013.

Same-Property NOI and Occupancy Information

Same-property NOI increased by $1.2 million, or 2.6%, and $2.3 million, or 2.5%, for the three and six months endedJune 30, 2014, respectively, as compared to the three and six months endedJune 30, 2013, respectively. The increase in same-property NOI was primarily driven by a net increase in minimum rent due to rent commencements (net of concessions and abatements) and contractual rent increases, including the rent increase related to the lease amendment completed during the second quarter of 2013 with the retail tenant located at 1175 Third Avenue in New York City. Excluding the impact of the rent increase related to the 1175 Third Avenue lease amendment, same-property NOI increased 2.3% and 1.9% for the three and six months endedJune 30, 2014 as compared to the three and six months endedJune 30, 2013, respectively.

Same-property net operating income is reconciled to net operating income as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2014		2013		2014		2013
	(In thousands, except number of properties)
Same-property net operating income	$	47,219	$	46,012	$	95,263	$	92,951
Adjustments (1)	202		423		1,659		(20		)
Same-property net operating income before adjustments	47,421		46,435		96,922		92,931
Non same-property net operating income	9,320		6,559		18,822		13,118
Net operating income (2)	$	56,741	$	52,994	$	115,744	$	106,049
Number of properties	108				108
GLA (in square feet)	13,387				13,387

^{___________________________________________________} 

⁽¹⁾ Includes adjustments for items that affect the comparability of the same-property results. Such adjustments include: common area maintenance costs and real estate taxes related to a prior period, revenue and expenses associated with outparcels sold, settlement of tenant disputes, lease termination costs, or other similar matters that affect comparability.

⁽²⁾ A reconciliation of net operating income to (loss) income from continuing operations before tax and discontinued operations is provided in Note 15 to the condensed consolidated financial statements included in this report.

Same-property net operating income by geographical segment was as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2014		2013		2014		2013
	(In thousands)
South Florida	$	14,943	$	14,168	$	30,304	$	29,095
North Florida	5,130		5,006		10,304		10,164
Southeast	6,197		6,126		12,443		12,373
Northeast	10,833		10,538		21,486		20,868
West Coast	10,116		10,174		20,726		20,451
Same-property net operating income	$	47,219	$	46,012	$	95,263	$	92,951

38

The following table reflects our same-property occupancy and same-property GLA (in square feet) information by segment:

	Occupancy						GLA as of
	2014		2013		% Change		June 30, 2014
							(In thousands)
South Florida	93.4	%	92.4	%	1.0	%	4,374,018
North Florida	89.3	%	87.5	%	1.8	%	2,348,088
Southeast	92.9	%	94.3	%	(1.4	)%	2,806,988
Northeast	99.1	%	98.5	%	0.6	%	2,074,654
West Coast	98.5	%	98.5	%	—	%	1,782,879
Same-property consolidated shopping center occupancy	94.1	%	93.7	%	0.4	%	13,386,627
Non-retail	94.9	%	95.5	%	(0.6	)%	466
							13,387,093

Comparison of the Three Months EndedJune 30, 2014 to 2013

The following summarizes certain line items from our unaudited condensed consolidated statements of operations that we believe are important in understanding our operations and/or those items which significantly changed in the three months ended June 30, 2014 as compared to the same period in 2013:

	Three Months Ended June 30,
	2014			2013		% Change
	(In thousands)
Total revenue	$	87,443		$	81,736	7.0	%
Property operating expenses	22,613			22,241		1.7	%
Depreciation and amortization	27,666			22,797		21.4	%
General and administrative expenses	8,872			9,673		(8.3	)%
Investment income	28			2,209		(98.7	)%
Equity in income of unconsolidated joint ventures	1,268			615		NM*
Interest expense	16,086			16,701		(3.7	)%
Impairment loss	13,892			2,662		NM*
Income from discontinued operations	23			26,032		NM*
Gain on sale of operating properties	1,141			—		NM*
Net income	99			36,177		(99.7	)%
Net (loss) income attributable to Equity One, Inc.	(2,411		)	33,638		(107.2	)%

^{______________________________________________} 

* NM = Not meaningful

Total revenue increased by $5.7 million, or 7.0%, to $87.4 million in 2014 from $81.7 million in 2013. The increase was primarily attributable to the following:

• an increase of approximately $4.7 million associated with properties acquired in 2013 and 2014;

• an increase of approximately $1.7 million in same-property revenue due to higher rent from new rent commencements and renewals; and

• an increase of approximately $120,000 related to development and redevelopment projects; partially offset by

• a decrease of approximately $855,000 associated with properties sold in 2014.

39

Property operating expenses increased by $372,000, or 1.7%, to $22.6 million in 2014 from $22.2 million in 2013. The increase primarily consists of the following:

• an increase of approximately $1.1 million associated with properties acquired in 2013 and 2014; partially offset by

• a decrease of approximately $447,000 associated with properties sold in 2014; and

• a decrease of approximately $229,000 in operating expenses related to various development and redevelopment projects.

Depreciation and amortization increased by $4.9 million, or 21.4%, to $27.7 million for 2014 from $22.8 million in 2013. The increase was primarily related to the following:

• a net increase of approximately $3.5 million related to accelerated depreciation of assets razed as part of redevelopment projects and new depreciable assets added during 2014 and 2013; and

• an increase of approximately $2.3 million related to depreciation on properties acquired in 2014 and 2013; partially offset by

• a decrease of approximately $720,000 due to assets becoming fully depreciated during 2014 and 2013; and

• a decrease of approximately $210,000 associated with properties sold in 2014.

General and administrative expenses decreased by $801,000, or 8.3%, to $8.9 million for 2014 from $9.7 million in 2013. The decrease was primarily related to the following:

• a decrease of approximately $1.5 million related to the net reversal of stock-based compensation expense recognized in prior periods associated with stock awards previously granted to our former CEO;

• a decrease in transaction-related costs in connection with completed or pending property acquisitions of $475,000; and

• a decrease of approximately $462,000 due to lower personnel related costs; partially offset by

• an increase of approximately $1.2 million in severance costs, signing bonus payments and other costs associated with our reorganization;

• an increase in professional services fees of $250,000, primarily related to legal fees; and

• an increase of approximately $150,000 in Board of Director fees due to stock awards granted to our Chairman.

We recorded investment income of $28,000 in 2014 compared to $2.2 million in 2013. The decrease was primarily due to a decrease in interest income from the Westwood mortgage and mezzanine loans that were repaid in January 2014 and another mezzanine loan that was repaid in August 2013.

We recorded $1.3 million of equity in income of unconsolidated joint ventures in 2014 compared to $615,000 in 2013. The increase was primarily related to the acceleration of the accretion of a below market lease liability upon the tenant vacating the space at a property held by one of our joint ventures of which our proportionate share was $609,000.

40

Interest expense decreased by $615,000, or 3.7%, to $16.1 million for 2014 from $16.7 million in 2013. The decrease was primarily attributable to the following:

• a decrease of approximately $655,000 due to higher capitalized interest as a result of the commencement of a major development project; and

• a decrease of approximately $575,000 associated with lower mortgage interest primarily due to the repayment of mortgages during 2013 and 2014; partially offset by

• an increase of approximately $445,000 primarily associated with mortgage assumptions in 2014 and 2013 related to acquisitions; and

• an increase of approximately $115,000 associated with higher interest expense and unused facility fees associated with the unsecured revolving credit facilities.

We recorded impairment losses in continuing operations in 2014 and 2013 of $13.9 million and $2.7 million, respectively. The 2014 impairment loss consisted of $9.6 million of impairment charges related to income producing properties held and used, $2.2 million of impairment charges related to operating properties sold and $2.1 million of impairment charges related to operating properties held for sale. The 2013 impairment loss primarily related to a land parcel located in the West Coast region. See Note 18 to the condensed consolidated financial statements included in this report for additional discussion of impairment losses.

In 2014, we recorded income from discontinued operations of $23,000 compared to $26.0 million in 2013. The decrease is primarily attributable to a decrease of $25.8 million related to net gains from the disposition of operating properties and a decrease of $1.1 million in operating income from sold or held for sale properties. Upon the adoption of Accounting Standards Update ("ASU") No. 2014-08 on January 1, 2014, operations of properties held for sale and operating properties sold during the current period that were not previously classified as discontinued operations are reported in continuing operations as they do not represent a strategic shift that has or will have a major effect on our operations and financial results. Prior to the adoption of ASU No. 2014-08, we reported the operations and financial results of properties held for sale and operating properties sold as discontinued operations. During the three months ended June 30, 2014, the results of operations for one property in our South Florida region (Summerlin Square) classified as held for sale is presented as a discontinued operation in the accompanying condensed consolidated statements of operations for all periods presented as it was classified as held for sale prior to the adoption of ASU No. 2014-08. During the three months ended June 30, 2013, we sold eight properties in our South Florida, North Florida and Southeast regions and two outparcels in our West Coast region for a total sales price of $87.4 million. The results of operations for these properties are presented as discontinued operations in the accompanying condensed consolidated statements of operations for the three months ended June 30, 2013.

We recorded a gain on sale of operating properties of $1.1 million in 2014 due to the sale of four properties in our North Florida and South Florida regions. Prior to the adoption of ASU No. 2014-08, such gains would have been included in income from discontinued operations.

As a result of the foregoing, net income decreased by $36.1 million to $99,000 for 2014 compared to $36.2 million in 2013. Net (loss) income attributable to Equity One, Inc. decreased by $36.0 million to a loss of $2.4 million for 2014 compared to income of $33.6 million in 2013.

41

Comparison of the Six Months EndedJune 30, 2014 to 2013

The following summarizes certain line items from our unaudited condensed consolidated statements of operations that we believe are important in understanding our operations and/or those items which significantly changed in the six months ended June 30, 2014 as compared to the same period in 2013:

	Six Months Ended June 30,
	2014		2013		% Change
	(In thousands)
Total revenue	$	180,264	$	163,165	10.5	%
Property operating expenses	44,399		43,897		1.1	%
Depreciation and amortization	53,933		44,530		21.1	%
General and administrative expenses	19,786		18,567		6.6	%
Investment income	199		4,413		(95.5	)%
Equity in income of unconsolidated joint ventures	9,529		1,050		NM*
Other income	2,846		162		NM*
Interest expense	32,986		33,937		(2.8	)%
Gain on extinguishment of debt	1,074		107		NM*
Impairment loss	13,892		2,662		NM*
Income from discontinued operations	3,087		39,394		NM*
Gain on sale of operating properties	883		—		NM*
Net income	31,074		63,468		(51.0	)%
Net income attributable to Equity One, Inc.	23,865		58,231		(59.0	)%

^{______________________________________________} 

* NM = Not meaningful

Total revenue increased by $17.1 million, or 10.5%, to $180.3 million in 2014 from $163.2 million in 2013. The increase was primarily attributable to the following:

• an increase of approximately $9.1 million associated with properties acquired in 2013 and 2014;

• an increase of approximately $4.4 million related to the recognition of a net termination benefit at our property located at 101 7th Avenue in New York from the acceleration of the accretion of a below market lease liability upon the tenant vacating the space and rejecting the lease in connection with a bankruptcy filing;

• an increase of approximately $3.6 million in same-property revenue due to higher rent from new rent commencements and renewals as well as an increase in expense recovery income primarily due to higher recoverable operating expenses, including higher snow removal costs and higher recovery ratios; and

• an increase of approximately $700,000 related to development and redevelopment projects; partially offset by

• a decrease of approximately $940,000 associated with properties sold in 2014.

Property operating expenses increased by $502,000, or 1.1%, to $44.4 million in 2014 from $43.9 million in 2013. The increase primarily consists of the following:

• an increase of approximately $2.1 million associated with properties acquired in 2013 and 2014; partially offset by

• a net decrease of approximately $1.0 million in same-property expenses primarily attributable to lower bad debt expense from the reversal of $1.1 million in our allowance for doubtful accounts for certain historical real estate tax billings for which a settlement was reached with the tenants, partially offset by higher snow removal costs in 2014; and

• a decrease of approximately $650,000 associated with properties sold in 2014.

42

Depreciation and amortization increased by $9.4 million, or 21.1%, to $53.9 million for 2014 from $44.5 million in 2013. The increase was primarily related to the following:

• an increase of approximately $6.8 million related to accelerated depreciation of assets razed as part of redevelopment projects and new depreciable assets added during 2014 and 2013; and

• an increase of approximately $4.1 million related to depreciation on properties acquired in 2014 and 2013; partially offset by

• a decrease of approximately $1.3 million due to assets becoming fully depreciated and amortized during 2014 and 2013; and

• a decrease of approximately $210,000 associated with properties sold in 2014.

General and administrative expenses increased by $1.2 million, or 6.6%, to $19.8 million for 2014 from $18.6 million in 2013. The increase was primarily related to the following:

• an increase of approximately $1.2 million in severance costs, signing bonus payments and other costs associated with our reorganization;

• an increase in transaction-related costs in connection with completed or pending property acquisitions of $806,000;

• an increase in professional service fees of approximately $552,000, primarily related to legal fees; and

• an increase of approximately $150,000 in Board of Director fees due to stock awards granted to our Chairman; partially offset by

• a decrease of approximately $1.5 million related to the net reversal of stock-based compensation expense recognized in prior periods associated with stock awards previously granted to our former CEO.

We recorded investment income of $199,000 in 2014 compared to $4.4 million in 2013. The decrease was primarily due to a decrease in interest income from the Westwood mortgage and mezzanine loans that were repaid in January 2014 and another mezzanine loan that was repaid in August 2013.

We recorded $9.5 million of equity in income of unconsolidated joint ventures in 2014 compared to $1.1 million in 2013. The increase was primarily related to the sale of Vernola Marketplace, a property held by one of our joint ventures, of which our proportionate share of the gain was $7.4 million (including $1.6 million attributable to a noncontrolling interest), an increase related to the acceleration of the accretion of a below market lease liability upon the tenant vacating the space at a property held by one of our joint ventures (our proportionate share was $609,000), an increase from the operations of two joint venture properties acquired in 2013 and a decrease in interest expense due to the repayment of a mortgage by a joint venture during the second quarter of 2013.

We recorded other income of $2.8 million in 2014 compared to $162,000 in 2013. The increase was primarily related to the acquisition of our joint venture partners' interests in Talega Village Center, resulting in the recognition of a $2.8 million gain, including $561,000 attributable to a noncontrolling interest, due to the remeasurement of our existing equity investment to fair value.

Interest expense decreased by $951,000, or 2.8%, to $33.0 million for 2014 from $33.9 million in 2013. The decrease was primarily attributable to the following:

• a decrease of approximately $1.3 million associated with lower mortgage interest primarily due to the repayment of mortgages during 2013 and 2014; and

• a decrease of approximately $525,000 due to higher capitalized interest as a result of the commencement of a major development project; and

• a decrease of approximately $175,000 associated with lower interest expense and agency fees associated with the unsecured revolving credit facilities; partially offset by

• an increase of approximately $885,000 primarily associated with mortgage assumptions in 2014 and 2013 related to acquisitions.

43

The gain on the extinguishment of debt of $1.1 million in 2014 primarily relates to the sale of Brawley Commons. The property was encumbered by a $6.5 million mortgage loan which matured on July 1, 2013 and remained unpaid. In February 2014, we sold the property to a third party for $5.5 million and the lender accepted this amount as full repayment of the loan, resulting in the recognition of a gain on extinguishment of debt of approximately $882,000.

We recorded impairment losses in continuing operations in 2014 and 2013 of $13.9 million and $2.7 million, respectively. The 2014 impairment loss consisted of $9.6 million of impairment charges related to income producing properties, $2.2 million of impairment charges related to operating properties sold and $2.1 million of impairment charges related to operating properties held for sale. The 2013 impairment loss primarily related to a land parcel located in the West Coast region. See Note 18 to the condensed consolidated financial statements included in this report for additional discussion of impairment losses.

In 2014, we recorded income from discontinued operations of $3.1 million compared to $39.4 million in 2013. The decrease is primarily attributable to a decrease of $33.7 million related to net gains from the disposition of operating properties and a decrease of $3.6 million in operating income from sold or held for sale properties. During the six months endedJune 30, 2014, the results of operations for two of the properties sold (Stanley Marketplace and Oak Hill) and one property in our South Florida region (Summerlin Square) classified as held for sale are presented as discontinued operations in the accompanying condensed consolidated statements of operations for all periods presented as they were classified as held for sale prior to the adoption of ASU No. 2014-08. During the six months endedJune 30, 2013, we sold twenty properties in our South Florida, North Florida and Southeast regions and two outparcels in our West Coast region for a total sales price of $188.0 million. The results of operations for these properties are presented as discontinued operations in the accompanying condensed consolidated statement of operations for the six months endedJune 30, 2013.

We recorded a gain on sale of operating properties of $883,000 in 2014 due to the sale of eight properties in our Southeast, North Florida and South Florida regions. Prior to the adoption of ASU No. 2014-08, such gains would have been included in income from discontinued operations.

As a result of the foregoing, net income decreased by $32.4 million to $31.1 million for 2014 from $63.5 million in 2013. Net income attributable to Equity One, Inc. decreased by $34.4 million to $23.9 million for 2014 compared to $58.2 million in 2013.

44

The following table sets forth the financial information relating to our continuing operations presented by segments:

	Three Months Ended June 30,				Six Months Ended June 30,
	2014		2013		2014		2013
	(In thousands)
Revenue:
South Florida	$	22,765	$	23,296	$	46,270	$	46,337
North Florida	9,416		9,390		19,124		18,983
Southeast	8,857		9,491		18,385		18,882
Northeast	20,750		18,248		42,349		36,322
West Coast	19,414		17,011		37,697		33,950
Non-retail	906		394		1,832		660
Total segment revenue	82,108		77,830		165,657		155,134
Add:
Straight line rent adjustment	1,076		211		1,738		722
Accretion of below market lease intangibles, net	3,675		3,211		11,656		6,411
Management and leasing services	584		484		1,213		898
Total revenue	$	87,443	$	81,736	$	180,264	$	163,165
Net operating income (NOI):
South Florida	$	15,697	$	15,520	$	32,256	$	31,353
North Florida	6,588		6,482		13,463		12,646
Southeast	6,000		6,588		13,787		13,273
Northeast	14,723		12,875		29,205		25,584
West Coast	12,982		11,288		25,523		22,794
Non-retail	751		241		1,510		399
Total NOI	$	56,741	$	52,994	$	115,744	$	106,049

For a reconciliation of NOI to (loss) income from continuing operations before tax and discontinued operations, see Note 15 to the condensed consolidated financial statements included in this report, which is incorporated herein by reference.

Comparison of the Three Months EndedJune 30, 2014 to 2013 - Segments

South Florida: Revenue decreased by 2.3%, or $531,000, to $22.8 million for 2014 from $23.3 million for 2013. NOI increased by 1.1%, or $177,000, to $15.7 million for 2014 from $15.5 million for 2013. The decrease in revenue is primarily due to lower expense recovery income due to a decrease in expense recovery ratios, partially offset by an increase in rent from contractual rent increases and rent commencements. The increase in NOI is due to lower bad debt expense, partially offset by the decrease in revenue.

North Florida: Revenue remained relatively unchanged at $9.4 million for 2014 and 2013. NOI increased by 1.6%, or $106,000, to $6.6 million for 2014 from $6.5 million for 2013. The increase in NOI is due to a decrease in property operating expenses.

Southeast: Revenue decreased by 6.7%, or $634,000, to $8.9 million for 2014 from $9.5 million for 2013. NOI decreased by 8.9%, or $588,000, to $6.0 million for 2014 from $6.6 million for 2013. The decrease in revenue and NOI is primarily the result of the disposal of two properties during the first quarter of 2014. The results of operations for the two properties are included in continuing operations in the condensed consolidated statements of operations for all periods presented.

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Northeast: Revenue increased by 13.7%, or $2.5 million, to $20.8 million for 2014 from $18.2 million for 2013. NOI increased by 14.4%, or $1.8 million, to $14.7 million for 2014 from $12.9 million for 2013. The increase in revenue is primarily the result of our 2013 and 2014 acquisitions of The Village Center and various Westwood Complex parcels; rent commencements associated with the opening of The Gallery at Westbury Plaza as well as those at our same site properties; and contractual rent increases at our same site properties, including the lease amendment with the tenant at our retail condominium at 1175 Third Avenue. The increase in NOI is the result of the increase in revenue, partially offset by an increase in operating expenses due to our 2013 and 2014 acquisitions.

West Coast: Revenue increased by 14.1%, or $2.4 million, to $19.4 million for 2014 from $17.0 million for 2013. NOI increased by 15.0%, or $1.7 million, to $13.0 million for 2014 from $11.3 million for 2013. The increase in revenue is primarily the result of our 2013 and 2014 acquisitions of Pleasanton Plaza and Talega Village Center, and contractual rent increases and rent commencements at our same site properties. The increase in NOI is primarily attributable to the increase in revenue partially offset by higher operating expenses from our 2013 and 2014 acquisitions and at our same site properties and higher bad debt expense.

Non-retail: Revenue increased by $512,000 to $906,000 for 2014 from $394,000 for 2013. NOI increased by $510,000 to $751,000 for 2014 from $241,000 for 2013. The increase in revenue and NOI is due to the 2013 and 2014 acquisition of various non-retail Westwood Complex parcels.

Comparison of the Six Months EndedJune 30, 2014 to 2013 - Segments

South Florida: Revenue remained relatively unchanged at $46.3 million for 2014 and 2013. NOI increased by 2.9%, or $903,000, to $32.3 million for 2014 from $31.4 million for 2013. The increase in NOI is primarily due to lower bad debt expense.

North Florida: Revenue increased by 0.7%, or $141,000, to $19.1 million for 2014 from $19.0 million for 2013. NOI increased by 6.5%, or $817,000, to $13.5 million for 2014 from $12.6 million for 2013. The increase in revenue is primarily the result of contractual rent increases and rent commencements at our same site properties. The increase in NOI is due to a lease termination fee paid in 2013, lower bad debt expense and the increase in revenue.

Southeast: Revenue decreased by 2.6%, or $497,000, to $18.4 million for 2014 from $18.9 million for 2013. NOI increased by 3.9%, or $514,000, to $13.8 million for 2014 from $13.3 million for 2013. The decrease in revenue is primarily the result of asset dispositions in 2014 partially offset by contractual rent increases and rent commencements at our same site properties. The increase in NOI is a result of a decrease in bad debt expense due to the reversal of $1.1 million in our allowance for doubtful accounts for certain historical real estate tax billings for which a settlement was reached with the tenants partially offset by the decrease in revenue.

Northeast: Revenue increased by 16.6%, or $6.0 million, to $42.3 million for 2014 from $36.3 million for 2013. NOI increased by 14.2%, or $3.6 million, to $29.2 million for 2014 from $25.6 million for 2013. The increase in revenue is primarily the result of our 2013 and 2014 acquisitions of The Village Center and various Westwood Complex parcels; rent commencements associated with the opening of The Gallery at Westbury Plaza as well as those at our same site properties; and contractual rent increases at our same site properties, including the lease amendment with the tenant at our retail condominium at 1175 Third Avenue. The increase in NOI is the result of the increase in revenue, partially offset by an increase in operating expenses due to our 2013 and 2014 acquisitions and higher snow removal expense across the region.

West Coast: Revenue increased by 11.0%, or $3.7 million, to $37.7 million for 2014 from $34.0 million for 2013. NOI increased by 12.0%, or $2.7 million, to $25.5 million for 2014 from $22.8 million for 2013. The increase in revenue is primarily the result of our 2013 and 2014 acquisitions of Pleasanton Plaza and Talega Village Center, and contractual rent increases and rent commencements at our same site properties. The increase in NOI is primarily attributable to the increase in revenue partially offset by higher operating expenses from our 2013 and 2014 acquisitions and at our same site properties.

Non-retail: Revenue increased by $1.2 million to $1.8 million for 2014 from $660,000 for 2013. NOI increased by $1.1 million to $1.5 million for 2014 from $399,000 for 2013. The increase in revenue and NOI is due to the 2013 and 2014 acquisition of various non-retail Westwood Complex parcels.

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Funds From Operations

We believe Funds from Operations (“FFO”) (when combined with the primary GAAP presentations) is a useful supplemental measure of our operating performance that is a recognized metric used extensively by the real estate industry and, in particular, REITs. The National Association of Real Estate Investment Trusts (“NAREIT”) stated in its April 2002 White Paper on Funds from Operations, “Historical cost accounting for real estate assets implicitly assumes that the value of real estate assets diminishes predictably over time. Since real estate values instead have historically risen or fallen with market conditions, many industry investors have considered presentations of operating results for real estate companies that use historical cost accounting to be insufficient by themselves.”

FFO, as defined by NAREIT, is “net (loss) income (computed in accordance with GAAP), excluding gains (or losses) from sales of, or impairment charges related to, depreciable operating properties, plus depreciation and amortization, and after adjustments for unconsolidated partnerships and joint ventures.” NAREIT states further that “adjustments for unconsolidated partnerships and joint ventures will be calculated to reflect funds from operations on the same basis.” We believe that financial analysts, investors and stockholders are better served by the presentation of comparable period operating results generated from our FFO measure. Our method of calculating FFO may be different from methods used by other REITs and, accordingly, may not be comparable to such other REITs.

FFO is presented to assist investors in analyzing our operating performance. FFO (i) does not represent cash flow from operations as defined by GAAP, (ii) is not indicative of cash available to fund all cash flow needs, including the ability to make distributions, (iii) is not an alternative to cash flow as a measure of liquidity, and (iv) should not be considered as an alternative to net income (which is determined in accordance with GAAP) for purposes of evaluating our operating performance.

The following table illustrates the calculation of FFO and FFO available to diluted common shareholders for the three and six months endedJune 30, 2014 and 2013:

	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
	(In thousands)
Net (loss) income attributable to Equity One, Inc.	$	(2,411	)	$	33,638		$	23,865		$	58,231
Adjustments:
Rental property depreciation and amortization, net of    noncontrolling interest (1)	27,385			23,768			53,320			46,756
Pro-rata share of real estate depreciation and    amortization from unconsolidated joint ventures	1,070			1,076			2,121			2,161
Gain on disposal of depreciable assets, net of tax (1)	(997		)	(24,430		)	(4,005		)	(35,626		)
Pro-rata share of gains on disposal of depreciable assets    from unconsolidated joint ventures, net of    noncontrolling interest (2)	—			—			(8,007		)	—
Impairments of depreciable real estate, net of tax (1)	13,892			215			13,892			215
Funds from operations	38,939			34,267			81,186			71,737
Adjustment:
Earnings attributed to noncontrolling interests (3)	2,499			2,499			4,998			4,998
Funds from operations available to diluted    shareholders	$	41,438		$	36,766		$	86,184		$	76,735

^{__________________________________________} 

⁽¹⁾ Includes amounts classified as discontinued operations.

⁽²⁾ Includes the remeasurement of the fair value of our equity interest in Talega Village Center JV, LLC, the owner of Talega Village Center, of $2.2 million, net of the related noncontrolling interest, for the six months ended June 30, 2014. See Note 5 to the condensed consolidated financial statements for further discussion.

⁽³⁾ Represents earnings attributed to convertible units held by Liberty International Holdings Limited ("LIH"). Although these convertible units are excluded from our calculation of (loss) earnings per diluted share, FFO available to diluted shareholders includes earnings allocated to LIH, as the inclusion of these units is dilutive to FFO per diluted share.

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The following table reflects the reconciliation of FFO per diluted share to (loss) earnings per diluted share attributable to Equity One, Inc., the most directly comparable GAAP measure:

	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
(Loss) earnings per diluted share attributable to    Equity One, Inc.	$	(0.02	)	$	0.28		$	0.20		$	0.49
Adjustments:
Rental property depreciation and amortization, net of    noncontrolling interest	0.21			0.18			0.41			0.36
Earnings allocated to noncontrolling interest (1)	0.02			0.02			0.04			0.04
Net adjustment for rounding and earnings attributable to    unvested shares (2)	—			(0.02		)	(0.02		)	(0.03		)
Pro-rata share of real estate depreciation and    amortization from unconsolidated joint ventures	0.01			0.01			0.02			0.02
Gain on disposal of depreciable assets, net of tax	(0.01		)	(0.19		)	(0.03		)	(0.28		)
Pro-rata share of gains on disposal of depreciable assets    from unconsolidated joint ventures, net of    noncontrolling interest	—			—			(0.06		)	—
Impairments of depreciable real estate, net of tax	0.11			—			0.11			—
Funds from operations per diluted share	$	0.32		$	0.28		$	0.67		$	0.60
Weighted average diluted shares (in thousands) (3)	129,441			129,107			129,338			128,893

^{______________________________________________} 

⁽¹⁾ Represents earnings allocated to unissued shares held by LIH, which have been excluded for purposes of calculating (loss) earnings per diluted share. The computation of FFO includes earnings allocated to LIH and the respective weighted average share totals include the LIH shares outstanding as their inclusion is dilutive.

⁽²⁾Represents an adjustment to compensate for earnings allocated to unvested shares and shares issuable to LIH and for the rounding of the individual calculations.

⁽³⁾ Weighted average diluted shares used to calculate FFO per share is higher than the GAAP diluted weighted average shares as a result of the dilutive impact of the 11.4 million joint venture units held by LIH which are convertible into our common stock, and also as a result of employee stock options. These convertible units are not included in the diluted weighted average share count for GAAP purposes because their inclusion is anti-dilutive.

Critical Accounting Policies

Our 2013 Annual Report on Form 10-K contains a description of our critical accounting policies, including initial adoption of accounting policies, revenue recognition and accounts receivable, recognition of gains from the sales of real estate, real estate acquisitions, real estate properties and development assets, long lived assets, investments in unconsolidated joint ventures, goodwill, share based compensation and incentive awards, income tax, and discontinued operations. For the three and six months endedJune 30, 2014, there were no material changes to these policies except as noted in Note 2 to the condensed consolidated financial statements with respect to discontinued operations. See Note 2 to the condensed consolidated financial statements included as part of this Quarterly Report on Form 10-Q for a description of the potential impact of the adoption of any new accounting pronouncements.

Liquidity and Capital Resources

Due to the nature of our business, we typically generate significant amounts of cash from operations; however, the cash generated from operations is primarily paid to our stockholders in the form of dividends. Our status as a REIT requires that we distribute 90% of our REIT taxable income (excluding net capital gains) each year, as defined in the Internal Revenue Code (the “Code”).  

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Short-term liquidity requirements

Our short-term liquidity requirements consist primarily of normal recurring operating expenses, regular debt service requirements (including debt service relating to additional or replacement debt, as well as scheduled debt maturities), recurring company expenditures, such as general and administrative expenses, non-recurring company expenditures (such as costs associated with development and redevelopment activities, tenant improvements and acquisitions) and dividends to common stockholders. We have satisfied these requirements through cash generated from operations and from financing and investing activities.

As of June 30, 2014, we had approximately $29.3 million of cash and cash equivalents available. In addition, we had two revolving credit facilities providing for borrowings of up to $580.0 million of which $499.0 million was the maximum available to be drawn thereunder, based on the financial covenants contained in those facilities. As of June 30, 2014, we had $133.0 million drawn under our $575.0 million credit facility, which bore interest at a weighted-average rate of 1.32% per annum at such date, and had no borrowings outstanding under our $5.0 million credit facility.

During the remainder of 2014, we have approximately $4.0 million in scheduled debt maturities and normal recurring principal amortization payments. Additionally, we are actively searching for acquisition and joint venture opportunities that may require additional capital and/or liquidity. Our available cash and cash equivalents, revolving credit facilities, and cash from property dispositions will be used to fund prospective acquisitions as well as our debt maturities and normal operating expenses.

Long-term liquidity requirements

Our long-term capital requirements consist primarily of maturities of various long-term debts, development and redevelopment costs and the costs related to growing our business, including acquisitions.

An important component of our growth strategy is the redevelopment of properties within our portfolio and the development of new shopping centers. As of June 30, 2014, we have invested an aggregate of approximately $70.0 million in active development or redevelopment projects at various stages of completion and anticipate these projects will require an additional $69.4 million to complete, based on our current plans and estimates, which we anticipate will be expended over the next two years.

Historically, we have funded these requirements through a combination of sources that were available to us, including additional and replacement secured and unsecured borrowings, proceeds from the issuance of additional debt or equity securities, capital from institutional partners that desire to form joint venture relationships with us and proceeds from property dispositions.

2014 liquidity events

While we believe our availability under our lines of credit is sufficient to operate our business for the remainder of 2014, if we identify acquisition or redevelopment opportunities that meet our investment objectives, we may need to raise additional capital.

While there is no assurance that we will be able to raise additional capital in the amounts or at the prices we desire, we believe we have positioned our balance sheet in a manner that facilitates our capital raising plans. The following is a summary of our financing and investing activities completed during the six months ended June 30, 2014:

• We acquired the two remaining parcels within the Westwood Complex in Bethesda, Maryland for an aggregate purchase price of $80.0 million, thereby completing our acquisition of the entire seven-parcel Westwood Complex. Concurrent with the acquisitions, the outstanding principal balance of the mortgage loan and mezzanine loan, totaling $60.5 million, were repaid in full by the respective borrowers. The aggregate gross purchase price was funded by proceeds from the loan repayments as well as an additional $19.5 million cash investment, thereby bringing our total investment in the Westwood Complex to $140.0 million;

• We acquired an outparcel adjacent to the Williamsburg at Dunwoody shopping center in Dunwoody, Georgia for $350,000;

• We acquired our joint venture partners' interests in Talega Village Center for an additional cash investment of $6.2 million;

• We sold eight non-core assets for aggregate gross proceeds of $58.6 million, resulting in a total net gain of $4.0 million;

• Our joint venture, Vernola Marketplace JV, LLC, sold a property, of which our proportionate share of the gain was $7.4 million, including $1.6 million attributable to a noncontrolling interest;

• We prepaid $22.5 million in mortgage loans with a weighted average interest rate of 6.1%;

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• We increased the borrowings outstanding under our $575.0 million line of credit from $91.0 million as of December 31, 2013 to $133.0 million as of June 30, 2014; and

• We invested approximately $45.4 million in capital expenditures to improve our properties.

Summary of Cash Flows. The following summary discussion of our cash flows is based on the condensed consolidated statements of cash flows and is not meant to be an all-inclusive discussion of the changes in our cash flows for the periods presented below.

	Six Months Ended June 30,
	2014			2013			Increase (Decrease)
	(In thousands)
Net cash provided by operating activities	$	70,618		$	61,518		$	9,100
Net cash (used in) provided by investing activities	$	(21,589	)	$	84,061		$	(105,650	)
Net cash used in financing activities	$	(45,296	)	$	(147,338	)	$	102,042

Our principal source of operating cash flow is cash generated from our rental properties. Our properties provide a relatively consistent stream of rental income that provides us with resources to fund operating expenses, general and administrative expenses, debt service and quarterly dividends. Net cash provided by operating activities totaled $70.6 million for the six months endedJune 30, 2014 compared to $61.5 million in the 2013 period. The increase is due primarily to an increase in operating income from our properties and the timing of expenses.

Net cash used in investing activities was $21.6 million for the six months endedJune 30, 2014 compared to net cash provided byinvesting activities of $84.1 million for the same period in 2013. Investing activities during 2014 primarily consisted of: acquisitions of income producing properties of $85.9 million; additions to construction in progress of $33.4 million; an increase in cash held in escrow of $22.7 million and additions to income producing properties of $9.2 million; partially offset by proceeds from the repayment of loans receivable of $60.5 million; proceeds related to the sale of real estate and rental properties of $56.3 million and $16.2 million in distributions from joint ventures. Investing activities during 2013 primarily consisted of: proceeds related to the sale of real estate and rental properties of $173.0 million and proceeds from repayment of loans receivable of $28.7 million; partially offset by acquisitions of income producing properties of $37.0 million; purchase of a below market leasehold interest for $25.0 million; additions to construction in progress of $17.8 million; investment in a mezzanine loan of $12.0 million; increase in cash held in escrow of $10.3 million; and additions to income producing properties of $7.1 million.

The following summarizes capital expenditures:

	Six Months Ended June 30,
	2014			2013
Capital expenditures:	(In thousands)
Tenant improvements and allowances	$	8,200		$	6,411
Leasing commissions and costs	4,135			4,339
Developments	17,863			5,901
Redevelopments and expansions	12,025			6,570
Maintenance capital expenditures	4,156			1,328
Total capital expenditures	46,379			24,549
Net change in accrued capital spending	(1,026		)	4,849
Capital expenditures per condensed consolidated statements of cash flows	$	45,353		$	29,398

The increase in development and redevelopment capital expenditures during the six months endedJune 30, 2014 compared to the same period in 2013 was primarily the result of costs incurred for Broadway Plaza and Serramonte Shopping Center. We capitalized internal costs related to capital expenditures of $2.8 million and $1.7 million during the six months endedJune 30, 2014 and 2013, respectively, primarily consisting of capitalized internal costs related to successful leasing activities of $1.8 million and $1.3 million, respectively, capitalized internal costs related to development activities of $292,000 and $226,000, respectively, and capitalized internal costs related to redevelopment and expansion activities of $448,000 and $72,000, respectively. Capitalized interest totaled $2.2 million and $1.6 million during the six months endedJune 30, 2014 and 2013, respectively, primarily related to development and redevelopment and expansion activities.

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Net cash used in financing activities totaled $45.3 million for the six months endedJune 30, 2014 compared to $147.3 million for the same period in 2013. The largest financing cash outflows for 2014 related to: dividends paid to stockholders of $52.3 million; prepayments and repayments of $32.0 million of mortgage debt; and $6.9 million of distributions to noncontrolling interests; partially offset by net borrowings under the revolving credit facilities of $42.0 million. During 2013, cash was used for: the payment of $52.1 million in dividends; net repayments under our revolving credit facilities of $47.0 million; prepayments and repayments of $31.3 million of mortgage debt; the purchase of noncontrolling interests for $18.9 million; and distributions to noncontrolling interests of $5.0 million; partially offset by proceeds from the issuance of common stock of $8.2 million.

Future Contractual Obligations. During the six months endedJune 30, 2014, there were no material changes to the contractual obligation information presented in Item 7 of Part II of our Annual Report on Form 10-K for the year ended December 31, 2013.

Off-Balance Sheet Arrangements

Joint Ventures. We consolidate entities in which we own less than a 100% equity interest if we have a controlling interest or are the primary beneficiary in a variable interest entity, as defined in the Consolidation Topic of the FASB ASC. From time to time, we may have off-balance-sheet joint ventures and other unconsolidated arrangements with varying structures.

As of June 30, 2014, we have investments in seven unconsolidated joint ventures in which our effective ownership interests range from 8.6% to 50.5%. We exercise significant influence over, but do not control, five of these entities and therefore they are presently accounted for using the equity method of accounting while two of these joint ventures are accounted for under the cost method. For a more complete description of our joint ventures see Note 5 to the condensed consolidated financial statements included in this report. As of June 30, 2014, the aggregate carrying amount of the debt, including our partners’ shares, incurred by those joint ventures accounted for under the equity method was approximately $250.0 million (of which our aggregate proportionate share was approximately $54.7 million). Although we have not guaranteed the debt of these joint ventures, we have agreed to customary environmental indemnifications and nonrecourse carve-outs (e.g., guarantees against fraud, misrepresentation and bankruptcy) on certain of the loans of the joint ventures. 

Reconsideration events could cause us to consolidate these joint ventures and partnerships in the future.  We evaluate reconsideration events as we become aware of them. Some triggers to be considered are additional contributions required by each partner and each partners’ ability to make those contributions. Under certain of these circumstances, we may purchase our partner’s interest. Our unconsolidated real estate joint ventures are with entities which appear sufficiently stable to meet their capital requirements; however, if market conditions worsen and our partners are unable to meet their commitments, there is a possibility we may have to consolidate these entities.

Purchase Obligations. In May 2014, we entered into an agreement to acquire the parking lot at one of our shopping centers for a purchase price of $5.4 million. The transaction was consummated in July 2014.

Contingencies

Letters of Credit. As of June 30, 2014, we had provided letters of credit having an aggregate face amount of $2.6 million as additional security for financial and other obligations. All of our letters of credit are issued under our revolving credit facilities.

Construction Commitments. As of June 30, 2014, we have entered into construction commitments and had outstanding obligations to fund approximately $69.4 million, based on current plans and estimates, in order to complete current development and redevelopment projects. These obligations, comprising principally construction contracts, are generally due as the work is performed and are expected to be financed by funds available under our credit facilities, proceeds from property dispositions and available cash.

Operating Lease Obligations. We are obligated under non-cancelable operating leases for office space, equipment rentals and ground leases on certain of our properties totaling $45.3 million.

Non-Recourse Debt Guarantees. Under the terms of certain non-recourse mortgage loans, we could, under specific circumstances, be responsible for portions of the mortgage indebtedness in connection with certain customary non-recourse carve-out provisions, such as environmental conditions, misuse of funds, impermissible transfers and material misrepresentations. In management’s judgment, it would be unlikely for us to incur any material liability under these guarantees that would have a material adverse effect on our financial condition, results of operations, or cash flows.

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Capital Recycling Initiatives

As part of our strategy to upgrade and diversify our portfolio and recycle our capital, we have sold or are in the process of selling certain non-core properties and are currently evaluating opportunities to sell certain additional non-core properties located primarily in the southeastern United States and north and central Florida. Although we have not committed to a disposition plan with respect to certain of these assets, we may consider disposing of such properties if pricing is deemed to be favorable. If the market values of these assets are below their carrying values, it is possible that the disposition of these assets could result in impairments or other losses. Depending on the prevailing market conditions and historical carrying values, these impairments and losses could be material. See Note 4 to the condensed consolidated financial statements included in this report for additional discussion of the status of those dispositions under contract and the related financial statement impact. Depending on how proceeds from such dispositions are invested, we may also suffer earnings and FFO dilution.

During the three and six months endedJune 30, 2014, we recognized impairment losses on properties held for sale or sold and properties held for use totaling $4.3 million and $9.6 million, respectively. See Note 18 to the condensed consolidated financial statements included in this report for additional information regarding impairment losses.

Environmental Matters

We are subject to numerous environmental laws and regulations. The operation of dry cleaning and gas station facilities at our shopping centers are the principal environmental concerns. We require that the tenants who operate these facilities do so in material compliance with current laws and regulations and we have established procedures to monitor dry cleaning operations. Where available, we have applied and been accepted into state sponsored environmental programs. Several properties in the portfolio will require or are currently undergoing varying levels of environmental remediation. We have environmental insurance policies covering most of our properties which limits our exposure to some of these conditions, although these policies are subject to limitations and environmental conditions known at the time of acquisition are typically excluded from coverage. Management believes that the ultimate disposition of currently known environmental matters will not have a material effect on our financial position, liquidity or operations.

Future Capital Requirements

We believe, based on currently proposed plans and assumptions relating to our operations, that our existing financial arrangements, together with cash generated from our operations, cash on hand and any short-term investments will be sufficient to satisfy our cash requirements for a period of at least twelve months. In the event that our plans change, our assumptions change or prove to be inaccurate or cash flows from operations or amounts available under existing financing arrangements prove to be insufficient to fund our debt maturities, pay our dividends, fund expansion, development and redevelopment efforts or to the extent we discover suitable acquisition targets the purchase price of which exceeds our existing liquidity, we would be required to seek additional sources of financing. Additional financing may not be available on acceptable terms or at all, and any future equity financing could be dilutive to existing stockholders. If adequate funds are not available, our business operations could be materially adversely affected. See Part I – Item 1A, Risk Factors in our Annual Report on Form 10-K for the year ended December 31, 2013 for additional information regarding such risks.

Distributions

We believe that we currently qualify and intend to continue to qualify as a REIT under the Code. As a REIT, we are allowed to reduce taxable income by all or a portion of our distributions to stockholders. As distributions have exceeded taxable income, no provision for federal income taxes has been made. While we intend to continue to pay dividends to our stockholders, we also will reserve such amounts of cash flow as we consider necessary for the proper maintenance and improvement of our real estate and other corporate purposes while still maintaining our qualification as a REIT.

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Inflation and Economic Condition Considerations

Most of our leases contain provisions designed to partially mitigate any adverse impact of inflation. Although inflation has been low in recent periods and has had a minimal impact on the performance of our shopping centers, there is more recent data suggesting that inflation may be a greater concern in the future given economic conditions and governmental fiscal policy. Most of our leases require the tenant to pay its share of operating expenses, including common area maintenance, real estate taxes and insurance, thereby reducing our exposure to increases in costs and operating expenses resulting from inflation, though some larger tenants have capped the amount of these operating expenses they are responsible for under their lease. A small number of our leases also include clauses enabling us to receive percentage rents based on a tenant’s gross sales above predetermined levels, which sales generally increase as prices rise, or escalation clauses which are typically related to increases in the Consumer Price Index or similar inflation indices.

Cautionary Statement Relating to Forward Looking Statements

Certain matters discussed in this Quarterly Report on Form 10-Q contain “forward-looking statements” for purposes of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on current expectations and are not guarantees of future performance. 

All statements other than statements of historical facts are forward-looking statements and can be identified by the use of forward-looking terminology such as “may,” “will,” “might,” “would,” “expect,” “anticipate,” “estimate,” “could,” “should,” “believe,” “intend,” “project,” “forecast,” “target,” “plan,” or “continue” or the negative of these words or other variations or comparable terminology. Forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Because these statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by the forward-looking statements. We caution you not to place undue reliance on those statements, which speak only as of the date of this report. 

Among the factors that could cause actual results to differ materially are:

• general economic conditions, including current macro-economic challenges, competition from alternative sales channels including the internet, and changes in the supply of and demand for shopping center properties in our markets;

• risks that tenants will not remain in occupancy or pay rent, or pay reduced rent due to declines in their businesses;

• interest rate levels, the availability of financing and our credit ratings;

• potential environmental liability and other risks associated with the ownership, development, redevelopment and acquisition of shopping center properties;

• greater than anticipated construction or operating costs or delays in completing development or redevelopment projects or obtaining necessary approvals therefor;

• inflationary, deflationary and other general economic trends;

• the effects of hurricanes, earthquakes, terrorist attacks and other natural or man-made disasters;

• changes in key personnel;

• management’s ability to successfully combine and integrate the properties and operations of separate companies that we have acquired in the past or may acquire in the future;

• the impact of acquisitions and dispositions of properties and joint venture interests and expenses incurred by us in connection with our acquisition and disposition activity;

• impairment charges related to changes in market values of our properties as well as those related to our disposition activity;

• our ability to maintain our status as a real estate investment trust, or REIT, for U.S. federal income tax purposes and the effect of future changes in REIT requirements as a result of new legislation;

• our ability to dispose of properties that no longer meet our investment criteria at favorable prices; and

• other risks detailed from time to time in the reports filed by us with the Securities and Exchange Commission, including, but not limited to, those risk factors identified in our most recently filed Annual Report on Form 10-K.

53

Except for ongoing obligations to disclose material information as required by the federal securities laws, we undertake no obligation to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

ITEM 3.    QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Interest Rate Risk

The primary market risk to which we have exposure is interest rate risk. Changes in interest rates can affect our net income and cash flows. As changes in market conditions occur and interest rates increase or decrease, interest expense on the variable component of our debt will move in the same direction. We intend to utilize variable-rate indebtedness available under our unsecured revolving credit facilities in order to initially fund future acquisitions, development and redevelopment costs and other operating needs. With respect to our fixed rate mortgage notes and unsecured senior notes, changes in interest rates generally do not affect our interest expense as these notes are at fixed rates for extended terms. Because we have the intent to hold our existing fixed-rate debt either to maturity or until the sale of the associated property, these fixed-rate notes pose an interest rate risk to our results of operations and our working capital position only upon the refinancing of that indebtedness. Our possible risk is from increases in long-term interest rates that may occur as this may increase our cost of refinancing maturing fixed-rate debt. In addition, we may incur prepayment penalties or defeasance costs when prepaying or defeasing debt. With respect to our floating rate term loan, the primary market risk exposure is increasing LIBOR-based interest rates, which we have effectively converted to a fixed rate of interest through the use of interest rate swaps.

As of June 30, 2014, we had $133.0 million of floating rate debt outstanding under our unsecured revolving line of credit. Our unsecured revolving line of credit bears interest at applicable LIBOR plus 1.00% to 1.85%, depending on the credit ratings of our unsecured senior notes. Considering the total outstanding balance of $133.0 million as of June 30, 2014, a 1% change in interest rates would result in an impact to income before taxes of approximately $1.3 million per year.

The fair value of our fixed-rate debt was $1.2 billion as of June 30, 2014, which includes our mortgage notes and unsecured senior notes payable. If interest rates increase by 1%, the fair value of our total fixed-rate debt, based on the fair value as of June 30, 2014, would decrease by approximately $47.3 million. If interest rates decrease by 1%, the fair value of our total fixed-rate debt would increase by approximately $50.2 million. This assumes that our total outstanding fixed-rate debt remains at approximately $1.1 billion, the balance as of June 30, 2014.

As of June 30, 2014, we had $250.0 million of floating rate debt outstanding under our term loan, which we have effectively converted to a fixed rate of interest through the use of interest rate swaps – see “Hedging Activities” below. The fair value of our term loan was $258.8 million as of June 30, 2014. If interest rates increase by 1%, the fair value of our total term loan (unhedged), based on the fair value as of June 30, 2014, would decrease by approximately $11.5 million. If interest rates decrease by 1%, the fair value of our total term loan (unhedged), based on the fair value as of June 30, 2014, would increase by approximately $12.1 million.

Hedging Activities

To manage, or hedge, our exposure to interest rate risk, we follow established risk management policies and procedures, including the use of a variety of derivative financial instruments. We do not enter into derivative instruments for speculative purposes. We require that the hedges or derivative financial instruments be effective in managing the interest rate risk exposure that they are designated to hedge. This effectiveness is essential to qualify for hedge accounting. Hedges that meet these hedging criteria are formally designated as such at the inception of the contract. When the terms of an underlying transaction are modified, or when the underlying hedged item ceases to exist, resulting in some ineffectiveness, the change in the fair value of the derivative instrument will be included in earnings.

In connection with our $250.0 million unsecured term loan, we entered into three interest rate swaps in order to convert the variable LIBOR rate under the term loan to a fixed interest rate, providing us an effective weighted average fixed interest rate on the term loan of 3.17% per annum based on the current credit ratings of our unsecured senior notes. As of June 30, 2014, the fair value of one of our interest rate swaps consisted of an asset of $810,000, which is included in other assets, and the fair value of the remaining interest rate swaps consisted of a liability of $921,000, which is included in accounts payable and accrued expenses in our condensed consolidated balance sheet. As of December 31, 2013, the fair value of our interest rate swaps was an asset of $2.9 million, which is included in other assets in our condensed consolidated balance sheets.

54

Other Market Risks

As of June 30, 2014, we had no material exposure to any other market risks (including foreign currency exchange risk or commodity price risk). In making this determination and for purposes of the SEC's market risk disclosure requirements, we have estimated the fair value of our financial instruments as of June 30, 2014 based on pertinent information available to management as of that date. Although management is not aware of any factors that would significantly affect the estimated amounts as of June 30, 2014, future estimates of fair value and the amounts which may be paid or realized in the future may differ significantly from amounts presented.

ITEM 4.    CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

We maintain disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), that are designed to provide reasonable assurance that information required to be disclosed in our Exchange Act reports is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure. In designing and evaluating the disclosure controls and procedures, management recognized that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives, and management necessarily was required to apply its judgment in evaluating the cost-benefit relationship of possible controls and procedures.

As required by Rule 13a-15(b) under the Exchange Act, we carried out an evaluation, under the supervision and with the participation of management, including our Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures. Based on this evaluation, our Chief Executive Officer and Chief Financial Officer concluded that as of June 30, 2014, our disclosure controls and procedures were effective at the reasonable assurance level such that the information required to be disclosed by us in reports that we file under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms.

Changes in Internal Control over Financial Reporting

There have been no changes in our internal control over financial reporting during the quarter ended June 30, 2014 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

55

PART II – OTHER INFORMATION

ITEM 1.   LEGAL PROCEEDINGS

We are not presently involved in any litigation nor, to our knowledge, is any litigation threatened against us that, in management's opinion, would result in a material adverse effect on our business, financial condition, results of operations or our cash flows. For a further discussion of litigation, see Note 16 to our condensed consolidated financial statements included herein.

ITEM 1A.   RISK FACTORS

Our Annual Report on Form 10-K for the year ended December 31, 2013, Part I – Item 1A, Risk Factors, describes important risk factors that could cause our actual operating results to differ materially from those indicated or suggested by forward-looking statements made in this Form 10-Q or presented elsewhere by management from time to time. Except to the extent updated below or previously updated or to the extent additional factual information disclosed elsewhere in this Quarterly Report on Form 10-Q relates to such risk factors (including, without limitation, the matters discussed in Part I, "Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations"), there were no material changes in such risk factors.

ITEM 2.   UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

(a) Not applicable.

(b) Not applicable.

(c) Not applicable.

ITEM 3.   DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4.   MINE SAFETY DISCLOSURES

Not applicable.

ITEM 5.   OTHER INFORMATION

None.

56

ITEM 6.   EXHIBITS

(a) Exhibits

10.1	Amended and Restated 2004 Employee Stock Purchase Plan effective as of April 1, 2014 (incorporated by reference to Annex A of the Company's Definitive Proxy Statement on Schedule 14A for the 2014 Annual Meeting, filed on March 28, 2014)
10.2	Employment Agreement between Equity One and David Lukes dated April 2, 2014 (incorporated by reference to the copy thereof filed as Exhibit 10.1 to the Company's Current Report on Form 8-K filed on April 7, 2014)
10.3	Amendment to Employment Agreement between Equity One and Mark Langer dated April 4, 2014 (incorporated by reference to the copy thereof filed as Exhibit 10.2 to the Company's Current Report on Form 8-K filed on April 7, 2014)
10.4	Separation Agreement between Equity One and Jeffrey Olson dated June 2, 2014 (incorporated by reference to the copy thereof filed as Exhibit 10.1 to the Company's Current Report on Form 8-K filed on June 5, 2014)
10.5	Chairman Compensation Agreement between Equity One and Chaim Katzman dated June 2, 2014 (incorporated by reference to the copy thereof filed as Exhibit 10.2 to the Company's Current Report on Form 8-K filed on June 5, 2014)
10.6	Employment Agreement between Equity One and Michael Makinen dated June 25, 2014 (incorporated by reference to the copy thereof filed as Exhibit 10.1 to the Company's Current Report on Form 8-K filed on June 30, 2014)
10.7	Employment Agreement between Equity One and Thomas Caputo dated June 25, 2014 (incorporated by reference to the copy thereof filed as Exhibit 10.2 to the Company's Current Report on Form 8-K filed on June 30, 2014)
12.1	Ratio of Earnings to Fixed Charges
31.1	Certification of Chief Executive Officer pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934, as amended and Section 302 of the Sarbanes-Oxley Act of 2002.
31.2	Certification of Chief Financial Officer pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934, as amended and Section 302 of the Sarbanes-Oxley Act of 2002.
32.1	Certification of Chief Executive Officer and Chief Financial Officer pursuant to Rule 13a-14(b) under the Securities Exchange Act of 1934, as amended and 18 U.S.C 1350, as created by Section 906 of the Sarbanes-Oxley Act of 2002.
99.1	First Amendment to 2000 Executive Incentive Compensation Plan as adopted on May 9, 2014 (incorporated by reference to the copy thereof filed as Exhibit 99.1 to the Company's Current Report on Form 8-K filed on May 12, 2014)
101.INS	XBRL Instance Document
101.SCH	XBRL Taxonomy Extension Schema
101.CAL	XBRL Extension Calculation Linkbase
101.LAB	XBRL Extension Labels Linkbase
101.PRE	XBRL Taxonomy Extension Presentation Linkbase
101.DEF	XBRL Taxonomy Extension Definition Linkbase

57

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

		EQUITY ONE, INC.
Date:	August 8, 2014		/s/ Mark Langer
			Mark Langer
			Executive Vice President and Chief Financial Officer
			(Principal Financial Officer)

Date:	August 8, 2014	/s/ Angela F. Valdes
		Angela F. Valdes
		Vice President and Chief Accounting Officer
		(Principal Accounting Officer)

58

INDEX TO EXHIBITS

Exhibits	Description
10.1	Amended and Restated 2004 Employee Stock Purchase Plan effective as of April 1, 2014 (incorporated by reference to Annex A of the Company's Definitive Proxy Statement on Schedule 14A for the 2014 Annual Meeting, filed on March 28, 2014)
10.2	Employment Agreement between Equity One and David Lukes dated April 2, 2014 (incorporated by reference to the copy thereof filed as Exhibit 10.1 to the Company's Current Report on Form 8-K filed on April 7, 2014)
10.3	Amendment to Employment Agreement between Equity One and Mark Langer dated April 4, 2014 (incorporated by reference to the copy thereof filed as Exhibit 10.2 to the Company's Current Report on Form 8-K filed on April 7, 2014)
10.4	Separation Agreement between Equity One and Jeffrey Olson dated June 2, 2014 (incorporated by reference to the copy thereof filed as Exhibit 10.1 to the Company's Current Report on Form 8-K filed on June 5, 2014)
10.5	Chairman Compensation Agreement between Equity One and Chaim Katzman dated June 2, 2014 (incorporated by reference to the copy thereof filed as Exhibit 10.2 to the Company's Current Report on Form 8-K filed on June 5, 2014)
10.6	Employment Agreement between Equity One and Michael Makinen dated June 25, 2014 (incorporated by reference to the copy thereof filed as Exhibit 10.1 to the Company's Current Report on Form 8-K filed on June 30, 2014)
10.7	Employment Agreement between Equity One and Thomas Caputo dated June 25, 2014 (incorporated by reference to the copy thereof filed as Exhibit 10.2 to the Company's Current Report on Form 8-K filed on June 30, 2014)
12.1	Ratio of Earnings to Fixed Charges
31.1	Certification of Chief Executive Officer pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934, as amended and Section 302 of the Sarbanes-Oxley Act of 2002.
31.2	Certification of Chief Financial Officer pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934, as amended and Section 302 of the Sarbanes-Oxley Act of 2002.
32.1	Certification of Chief Executive Officer and Chief Financial Officer pursuant to Rule 13a-14(b) under the Securities Exchange Act of 1934, as amended and 18 U.S.C 1350, as created by Section 906 of the Sarbanes-Oxley Act of 2002.
99.1	First Amendment to 2000 Executive Incentive Compensation Plan as adopted on May 9, 2014 (incorporated by reference to the copy thereof filed as Exhibit 99.1 to the Company's Current Report on Form 8-K filed on May 12, 2014)
101.INS	XBRL Instance Document
101.SCH	XBRL Taxonomy Extension Schema
101.CAL	XBRL Extension Calculation Linkbase
101.LAB	XBRL Extension Labels Linkbase
101.PRE	XBRL Taxonomy Extension Presentation Linkbase
101.DEF	XBRL Taxonomy Extension Definition Linkbase

59

EX-12.1

										Exhibit 12.1
Ratio of Earnings to Fixed Charges
(in thousands, except ratio computation)
	Six Months Ended			Year Ended December 31,
	June 30, 2014			2013			2012			2011			2010			2009
Pretax income (loss) from continuing operations before adjustment for noncontrolling interest	$	27,716		$	48,479		$	(4,192	)	$	17,431		$	(3,928	)	$	49,151
Adjustments:
Equity in (income) loss of unconsolidated joint ventures	(9,529		)	(1,648		)	(542		)	(4,829		)	116			88
Fixed charges	36,356			74,235			80,394			89,929			82,090			76,400
Distributed income of equity investees	—			53			3,337			1,465			346			371
Capitalized interest	(2,172		)	(2,863		)	(4,742		)	(2,273		)	(2,244		)	(1,430		)
Earnings as defined	$	52,371		$	118,256		$	74,255		$	101,723		$	76,380		$	124,580
Fixed charges
Interest expense	$	34,246		$	71,429		$	75,794		$	84,246		$	75,104		$	71,229
Capitalized interest	2,172			2,863			4,742			2,273			2,244			1,430
(Accretion) amortization of debt (premiums) discounts, net	(1,262		)	(2,478		)	(2,627		)	1,178			2,818			2,221
Amortization of loan fees	1,200			2,421			2,485			2,232			1,924			1,520
Fixed charges	$	36,356		$	74,235		$	80,394		$	89,929		$	82,090		$	76,400
Ratio of earning to fixed charges	1.44			1.59			*			1.13			*			1.63

^* Earnings for the years ended December 31, 2012 and 2010 were insufficient to cover combined fixed charges by approximately $6.1 million and $5.7 million, respectively. Other than the years ended December 31, 2012 and 2010, there are no periods in which earnings were insufficient to cover combined fixed charges.

EX-31.1

Exhibit 31.1

CERTIFICATION OF CHIEF EXECUTIVE OFFICER

I, David R. Lukes, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Equity One, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

August 8, 2014	/s/ David R. Lukes
	David R. Lukes
	Chief Executive Officer
	(Principal Executive Officer)

EX-31.2

Exhibit 31.2

CERTIFICATION OF CHIEF FINANCIAL OFFICER

I, Mark Langer, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Equity One, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

August 8, 2014	/s/ Mark Langer
	Mark Langer
	Executive Vice President and Chief Financial Officer
	(Principal Financial Officer)

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED

PURSUANT TO SECTION 906 OF THE

SARBANES-OXLEY ACT OF 2002

Pursuant to 18 U.S.C. § 1350, as created by Section § 906 of the Sarbanes-Oxley Act of 2002, the undersigned officers of Equity One, Inc. (the “Company”) hereby certify, to such officers’ knowledge, that:

(i) The accompanying Quarterly Report on Form 10-Q for the period ended June 30, 2014 (the “Report”) fully complies with the requirements of Section 13(a) or 15(d), as applicable, of the Securities Exchange Act of 1934, as amended; and

(ii) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

August 8, 2014	/s/ David R. Lukes
	David R. Lukes
	Chief Executive Officer
	(Principal Executive Officer)
August 8, 2014	/s/ Mark Langer
	Mark Langer
	Executive Vice President and Chief Financial Officer
	(Principal Financial Officer)

A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

The foregoing certification is being furnished as an exhibit to the Report pursuant to Item 601(b)(32) of Regulation S-K and Section 906 of the Sarbanes-Oxley Act of 2002 and, accordingly, is not being filed with the Securities and Exchange Commission as part of the Report and is not to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended (whether made before or after the date of the Report, irrespective of any general incorporation language contained in such filing).

XML

Share-Based Payments (Tables)

6 Months Ended

Jun. 30, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Summary of Stock Option Activity

The following table presents stock option activity during the six months endedJune 30, 2014:

	Shares Under Option		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value
	(In thousands)				(In years)	(In thousands)
Outstanding at January 1, 2014	2,985		$	21.53
Granted	200		22.87
Exercised	(272	)	17.49
Forfeited or expired	(60	)	23.14
Outstanding at June 30, 2014	2,853		$	21.97	4.0	$	6,011
Exercisable at June 30, 2014	2,603		$	21.96	3.5	$	5,641

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The fair value of the option grant was estimated on the grant date using the Black-Scholes-Merton pricing model with the following assumptions:

Dividend yield	3.8	%
Risk-free interest rate	2.0	%
Expected option life (years)	6.25
Expected volatility	39.8	%

Summary of Restricted Stock Activity

The following table presents information regarding restricted stock activity during the six months endedJune 30, 2014:

	Unvested Shares			Weighted Average Grant-Date Fair Value
	(In thousands)
Unvested at January 1, 2014	857			$	17.37
Granted	149			22.74
Vested	(83	)		19.06
Forfeited	—			—
Unvested at June 30, 2014	923		*	$	18.09

^{______________________________________________} 

* Does not include 800,000 shares of restricted stock awarded to certain executives which are subject to performance vesting conditions and are not entitled to vote or receive dividends during the performance period.

Share-Based Compensation Expense

Share-based compensation expense, which is included in general and administrative expenses in the accompanying condensed consolidated statements of operations, is summarized as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
	(In thousands)
Restricted stock expense	$	20		$	1,490		$	1,776		$	3,031
Stock option expense	322			110			401			253
Employee stock purchase plan discount	9			6			17			9
Total equity-based expense	351			1,606			2,194			3,293
Restricted stock classified as a liability	26			39			131			39
Total expense	377			1,645			2,325			3,332
Less amount capitalized	(164		)	(80		)	(345		)	(167		)
Net share-based compensation expense	$	213		$	1,565		$	1,980		$	3,165

XML

Borrowings (Narrative) (Details) (USD $)	3 Months Ended		6 Months Ended							6 Months Ended								6 Months Ended	12 Months Ended	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013	Jun. 30, 2014 Mortgages [Member]	Jun. 30, 2014 Senior Notes [Member]	Jun. 30, 2014 Other Assets [Member]	Dec. 31, 2013 Other Assets [Member]	Jun. 30, 2014 Talega Village Center [Member] Mortgages [Member]	Jun. 30, 2014 Mortgages [Member]	Jun. 30, 2014 Charlotte [Member] Brawley Commons [Member]	Jun. 30, 2014 Mortgages [Member] Talega Village Center [Member]	Jun. 30, 2014 Mortgages [Member] Brawley Commons [Member]	Jun. 30, 2014 Term Loan [Member]	Jun. 30, 2014 Unsecured Revolving Credit Facility [Member] Secondary Credit Facility [Member]	Dec. 31, 2013 Unsecured Revolving Credit Facility [Member] Secondary Credit Facility [Member]	Jun. 30, 2014 Unsecured Revolving Credit Facility [Member] Primary Credit Facility [Member]	Dec. 31, 2013 Unsecured Revolving Credit Facility [Member] Primary Credit Facility [Member]	Jun. 30, 2014 Interest Rate Swap [Member]	Jun. 30, 2014 Interest Rate Swap [Member] Other Assets [Member]	Dec. 31, 2013 Interest Rate Swap [Member] Other Assets [Member]	Jun. 30, 2014 Interest Rate Swap [Member] Other Liabilities [Member]	Jun. 30, 2014 Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member]	Dec. 31, 2013 Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member]	Jun. 30, 2014 Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member] Fair Value, Inputs, Level 2 [Member]	Dec. 31, 2013 Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member] Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Weighted average interest rate of at period end						5.95%	5.02%
Assumption of mortgage notes payable			$ 11,353,000							$ 11,400,000
Debt Instrument, Interest Rate, Stated Percentage										5.01%
Noncash or Part Noncash Divestiture, Amount of Consideration Received												6,500,000
Debt Instrument, Maturity Date													Oct. 01, 2036	Jul. 01, 2013	Feb. 13, 2019
Sales of Real Estate			58,576,000									5,500,000
Gain on extinguishment of debt	0	107,000	1,074,000	107,000										882,000
Repayments of Secured Debt			31,964,000	31,323,000
Unsecured revolving credit facilities																		133,000,000	91,000,000
Derivative, Number of Instruments Held	3		3
Line of credit facility, interest rate during period																		1.32%	1.30%
Facility fee																		0.25%
Line of Credit Facility, Maximum Borrowing Capacity																5,000,000		575,000,000
Margin, percentage above LIBOR																1.25%
Availability under credit facility	499,000,000		499,000,000
Aggregate face amount of letters of credit pledged	2,600,000		2,600,000
Line of credit facility, expiration date																Nov. 07, 2014		Sep. 30, 2015
Term loan	250,000,000		250,000,000		250,000,000										250,000,000
Debt, interest rate, effective percentage															3.17%
Term loan expiration date																				Feb. 13, 2019
Derivative Asset, Number of Instruments Held	1		1
Fair value of interest rate swaps																					810,000	2,900,000		810,000	2,944,000	810,000	2,944,000
Derivative Instruments in Hedges, Liabilities, at Fair Value																							921,000	921,000		921,000
Interest rate cash flow hedge, gain (loss) to be reclassified during next 12 months	(3,200,000)		(3,200,000)
Fair value of interest rate swaps								810,000	2,944,000
Extinguishment of Debt, Amount											$ 22,500,000

XML

Dispositions (Components of Income and Expense Relating to Discontinued Operations) (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Payments to Develop Real Estate Assets			$ 9,173,000	$ 7,113,000
Increase (Decrease) in Lease Acquisition Costs			2,757,000	4,527,000
Straight Line Rent			1,739,000	961,000
Accretion of below market lease intangibles, net			(11,881,000)	(6,140,000)
Sales of Real Estate			58,576,000
Discontinued Operation, Provision for Loss (Gain) on Disposal, Net of Tax		128,000
Discontinued Operation, Provision for Loss (Gain) on Disposal, before Income Tax				128,000
Rental revenue	185,000	4,455,000	147,000	11,474,000
Property operating expenses	15,000	1,782,000	203,000	4,149,000
Depreciation and amortization		1,185,000		2,691,000
Interest expense		(208,000)		(424,000)
(Loss) gain on disposal of income producing properties	(144,000)	25,663,000	3,152,000	36,859,000
Loss on extinguishment of debt				(682,000)
Income tax provision	0	(779,000)	0	(860,000)
Other income		2,000		4,000
INCOME FROM DISCONTINUED OPERATIONS	23,000	26,032,000	3,087,000	39,394,000
Net loss (income) attributable to noncontrolling interests	1,000	(28,000)	3,000	(33,000)
Income from discontinued operations attributable to Equity One, Inc.	24,000	26,004,000	3,090,000	39,361,000
Disposal Group, Including Discontinued Operation, General and Administrative Expense	3,000	6,000	9,000	9,000
Disposal Group, Including Discontinued Operation, Operating Income (Loss)	167,000	1,482,000	(65,000)	4,625,000
Shoppes of Andros Isles, Mariners Crossing, Smyth Valley Crossing, Forest Village, New Smyrna Beach and Shoppes of North Port [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Sales of Real Estate			55,300,000
North Florida And Southeast [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of Real Estate Properties Under Contract, Excluding Held-for-Sale	6		6
Sales of Real Estate, Under Contract, Held for Use	22,100,000		22,100,000
Discontinued Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Payments to Develop Real Estate Assets	0	260,000
Increase (Decrease) in Lease Acquisition Costs	0	299,000
Straight Line Rent	125,000	29,000
Accretion of below market lease intangibles, net	$ 0	$ 138,000

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Fair Value Measurements (Assets Measured and Recorded at Fair Value on a Recurring Basis) (Details) (USD $)	6 Months Ended
	Jun. 30, 2014 Danville San Ramon Medical [Member]	Jun. 30, 2014 Other Assets [Member]	Dec. 31, 2013 Other Assets [Member]	Jun. 30, 2014 Interest Rate Swap [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2013 Interest Rate Swap [Member] Fair Value, Measurements, Recurring [Member]	Jun. 30, 2014 Interest Rate Swap [Member] Fair Value, Measurements, Recurring [Member] Level 1 [Member]	Dec. 31, 2013 Interest Rate Swap [Member] Fair Value, Measurements, Recurring [Member] Level 1 [Member]	Jun. 30, 2014 Interest Rate Swap [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member]	Dec. 31, 2013 Interest Rate Swap [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member]	Jun. 30, 2014 Interest Rate Swap [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 3 [Member]	Dec. 31, 2013 Interest Rate Swap [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 3 [Member]	Jun. 30, 2014 Interest Rate Swap [Member] Other Assets [Member]	Dec. 31, 2013 Interest Rate Swap [Member] Other Assets [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value of interest rate swaps				$ 810,000	$ 2,944,000	$ 0	$ 0	$ 810,000	$ 2,944,000	$ 0	$ 0	$ 810,000	$ 2,900,000
Derivative Instruments in Hedges, Liabilities, at Fair Value				(921,000)		0		(921,000)		0
Fair value of interest rate swaps		810,000	2,944,000
Impairment of Long-Lived Assets to be Disposed of

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Other Liabilities (Composition of Other Liabilities) (Details) (USD $)					6 Months Ended
	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2014 Other Liabilities [Member]	Dec. 31, 2013 Other Liabilities [Member]	Jun. 30, 2014 101 7th Avenue [Member]
Schedule of Other Liabilities [Line Items]
Lease intangible liabilities, net			$ 166,196,000	$ 167,777,000
Prepaid rent			8,406,000	9,450,000
Other			542,000	156,000
Total other liabilities	175,144,000	177,383,000	175,144,000	177,383,000
Gain (Loss) on Contract Termination					$ 4,400,000

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Acquisitions (Summary of Income Producing Property Acquisition Activity) (Details) (USD $) In Thousands, unless otherwise specified	6 Months Ended	1 Months Ended					0 Months Ended					6 Months Ended
	Jun. 30, 2014	Jan. 31, 2014 Dunwoody [Member] Williamsburg Outparcel [Member] acre		Jan. 23, 2014 San Clemente [Member] Talega Village Center [Member] sqft		Jan. 31, 2014 San Clemente [Member] Talega Village Center [Member] sqft	Jan. 16, 2014 Bethesda [Member] Westwood Shopping Center [Member] sqft		Jan. 16, 2014 Bethesda [Member] Westwood Center II [Member] sqft		Jun. 30, 2014 Land [Member]	Jun. 30, 2014 Land Improvements [Member]	Jun. 30, 2014 Building [Member]	Jun. 30, 2014 Leaseholds and Leasehold Improvements [Member]	Jun. 30, 2014 Above Market Leases [Member]	Jun. 30, 2014 Leases, Acquired-in-Place [Member]	Jun. 30, 2014 Lease Origination Costs [Member]	Jun. 30, 2014 Leasing Commissions [Member]	Jun. 30, 2014 Off-Market Unfavorable Lease [Member]	Jun. 30, 2014 Above Market Debt Assumed [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	$ 103,362										$ 86,911	$ 2,209	$ 17,670	$ 1,160	$ 1,315	$ 5,424	$ 97	$ 789	$ (12,040)	$ (70)
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life															5 years 4 months 24 days	10 years 8 months 12 days	6 years 10 months 24 days	21 years 6 months	19 years 6 months	7 years 9 months 18 days
Acquired Tangible Assets, Weighted Average Useful Life												9 years 4 months 24 days	33 years 2 months 12 days	5 years 6 months
Square Feet/Acres		0	[1]	102,282	[2]	102,000	101,584		53,293
Business Combination, Consideration Transferred	103,362	350	[3]	23,000	[2],[3]	6,200	65,012	[3]	15,000	[3]
Assumption of mortgage notes payable	$ 11,353	$ 0	[2]	$ 11,353	[2]		$ 0	[2]	$ 0	[2]

[1] In acres.

[2] (3) Property was acquired through the acquisition of our joint venture partners' interests in the property. See Note 5 for further discussion.

[3] The purchase price has been preliminarily allocated to real estate assets acquired and liabilities assumed, as applicable, in accordance with our accounting policies for business combinations. The purchase price and related accounting will be finalized after our valuation studies are complete.

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Dispositions (Tables)

6 Months Ended

Jun. 30, 2014

Dispositions [Abstract]

Components of Income and Expense Relating to Discontinued Operations

The following table provides a summary of disposition activity during the six months endedJune 30, 2014:

Date Sold	Property Name	Region	City	State	Square Feet /Acres	Gross Sales Price
Income producing property sold						(In thousands)
June 30, 2014	Riverside Square (1)	South Florida	Coral Springs	FL	103,241	$	12,380
June 30, 2014	Oaktree Plaza (1)	South Florida	North Palm Beach	FL	23,745	4,000
June 17, 2014	Sunpoint Shopping Center (1)	North Florida	Ruskin	FL	132,374	7,250
April 7, 2014	Salerno Village Square (1)	South Florida	Stuart	FL	77,677	8,646
March 27, 2014	Daniel Village (1)	Southeast	Augusta	GA	172,438	10,125
February 27, 2014	Brawley Commons (1)	Southeast	Charlotte	NC	119,189	5,450		(2)
January 15, 2014	Stanley Marketplace	Southeast	Stanley	NC	53,228	3,875
January 10, 2014	Oak Hill Village	North Florida	Jacksonville	FL	78,492	6,850
Total						$	58,576

^{______________________________________________} 

⁽¹⁾ The results of operations for these properties are included in continuing operations in the condensed consolidated statements of operations for all periods presented.

⁽²⁾ The property was encumbered by a $6.5 million mortgage loan which matured on July 1, 2013. In conjunction with the sale of the property, the lender accepted the proceeds from the sale as full repayment of the loan.

The components of income and expense relating to discontinued operations for the three and six months endedJune 30, 2014 and 2013 are shown below:

	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
	(In thousands)
Rental revenue	$	185		$	4,455		$	147		$	11,474
Expenses:
Property operating expenses	15			1,782			203			4,149
Depreciation and amortization	—			1,185			—			2,691
General and administrative expenses	3			6			9			9
Operations of income producing properties	167			1,482			(65		)	4,625
Interest expense	—			(208		)	—			(424		)
(Loss) gain on disposal of income producing properties	(144		)	25,663			3,152			36,859
Impairment loss	—			(128		)	—			(128		)
Loss on extinguishment of debt	—			—			—			(682		)
Income tax provision	—			(779		)	—			(860		)
Other income	—			2			—			4
Income from discontinued operations	23			26,032			3,087			39,394
Net loss (income) attributable to noncontrolling interests	1			(28		)	3			(33		)
Income from discontinued operations attributable to Equity One, Inc.	$	24		$	26,004		$	3,090		$	39,361

SUPPLEMENTAL INFORMATION:
Additions to income producing properties	$	—	$	260	$	—	$	403
Increase in deferred leasing costs and lease intangibles	$	—	$	299	$	—	$	501
Straight line rent revenue	$	125	$	29	$	—	$	240
Amortization of above market lease intangibles, net	$	—	$	138	$	—	$	271

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Condensed Consolidating Financial Information (Schedule of Condensed Consolidating Balance Sheets) (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
ASSETS
Real Estate Investment Property, Net	$ 2,961,120	$ 2,916,833
Investment in affiliates	574	602
Other assets	227,314	229,599
TOTAL ASSETS	3,353,565	3,354,659
LIABILITIES
Total notes payable	1,527,297	1,508,409
Other liabilities	175,144	177,383
Liabilities associated with properties held for sale	281	33
Total liabilities	1,774,813	1,750,744
Redeemable noncontrolling interests	989	989
EQUITY	1,577,763	1,602,926
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY	3,353,565	3,354,659
Equity One, Inc. [Member]
ASSETS
Real Estate Investment Property, Net	161,172	178,797
Investment in affiliates	2,678,334	2,680,043
Other assets	256,021	229,761
TOTAL ASSETS	3,095,527	3,088,601
LIABILITIES
Total notes payable	1,712,598	1,670,438
Other liabilities	12,420	22,979
Total liabilities	1,725,018	1,693,417
Redeemable noncontrolling interests	0
EQUITY	1,370,509	1,395,184
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY	3,095,527	3,088,601
Combined Guarantor Subsidiaries [Member]
ASSETS
Real Estate Investment Property, Net	1,401,374	1,424,571
Investment in affiliates
Other assets	95,994	92,916
TOTAL ASSETS	1,497,368	1,517,487
LIABILITIES
Total notes payable	123,580	131,217
Other liabilities	87,612	90,894
Total liabilities	211,192	222,111
Redeemable noncontrolling interests	0
EQUITY	1,286,176	1,295,376
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY	1,497,368	1,517,487
Non-Guarantor Subsidiaries [Member]
ASSETS
Real Estate Investment Property, Net	1,398,654	1,313,598
Investment in affiliates
Other assets	834,548	918,026
TOTAL ASSETS	2,233,202	2,231,624
LIABILITIES
Total notes payable	451,719	467,354
Other liabilities	181,082	170,872
Total liabilities	632,801	638,226
Redeemable noncontrolling interests	989	989
EQUITY	1,599,412	1,592,409
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY	2,233,202	2,231,624
Eliminating Entries [Member]
ASSETS
Real Estate Investment Property, Net	(80)	(133)
Investment in affiliates	(2,678,334)	(2,680,043)
Other assets	(794,118)	(802,877)
TOTAL ASSETS	(3,472,532)	(3,483,053)
LIABILITIES
Total notes payable	(760,600)	(760,600)
Other liabilities	(33,598)	(42,410)
Total liabilities	(794,198)	(803,010)
Redeemable noncontrolling interests	0
EQUITY	(2,678,334)	(2,680,043)
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY	(3,472,532)	(3,483,053)
Consolidated Entities [Member]
ASSETS
Real Estate Investment Property, Net	2,961,120	2,916,833
Investment in affiliates
Other assets	392,445	437,826
TOTAL ASSETS	3,353,565	3,354,659
LIABILITIES
Total notes payable	1,527,297	1,508,409
Other liabilities	247,516	242,335
Total liabilities	1,774,813	1,750,744
Redeemable noncontrolling interests	989	989
EQUITY	1,577,763	1,602,926
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY	$ 3,353,565	$ 3,354,659

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Noncontrolling Interests (Summary of Noncontrolling Interests) (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014		Dec. 31, 2013
Redeemable noncontrolling interests	$ 989		$ 989
Stockholders' Equity Attributable to Noncontrolling Interest	207,255		207,743
Walden Woods Village Ltd [Member]
Redeemable noncontrolling interests	989	[1]	989	[1]
CapCo [Member]
Stockholders' Equity Attributable to Noncontrolling Interest	206,145		206,145
DIM [Member]
Stockholders' Equity Attributable to Noncontrolling Interest	1,033		1,081
Vestar/EQY Talega LLC [Member]
Stockholders' Equity Attributable to Noncontrolling Interest	0	[2]	147	[2]
Vestar/EQY Vernola LLC [Member]
Stockholders' Equity Attributable to Noncontrolling Interest	50	[3]	341	[3]
Vestar/EQY Canyon Trails LLC [Member]
Stockholders' Equity Attributable to Noncontrolling Interest	$ 27	[4]	$ 29	[4]

[1] This entity owns Walden Woods Shopping Center.

[2] This entity held our interest in Talega Village Center JV, LLC. We acquired our joint venture partners' interest in January 2014. See Note 5 for further discussion.

[3] This entity holds our interest in Vernola Marketplace JV, LLC. The property held by the joint venture was sold in January 2014.

[4] This entity held our interest in Canyon Trails Towne Center. The property held by the joint venture was sold in December 2013.

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Subsequent Events (Details) (USD $)	6 Months Ended		0 Months Ended
	Jun. 30, 2014	Jun. 30, 2014 Mortgages [Member]	May 12, 2014 Chief Executive Officer [Member]	May 12, 2014 Common Stock [Member] Chief Executive Officer [Member]	May 12, 2014 Performance Shares [Member] Chief Executive Officer [Member]	May 12, 2014 Recurring FFO Growth [Member] Performance Shares [Member] Chief Executive Officer [Member]	May 12, 2014 Discretionary [Member] Performance Shares [Member] Chief Executive Officer [Member]
Subsequent Event [Line Items]
Officers' Compensation			$ 850,000
Vest over period (in years)					4 years
Granted	200,000		200,000
Deferred Compensation Arrangement with Individual, Common Stock Reserved for Future Issuance				156,300
Share-based Compensation Arrangement by Share-based Payment Award, Terms of Award						0.25	0.25
Performance Metric, Number of Components					4
Share-based Compensation Arrangement by Share-based Payment Award, Performance Metric, Target Earnings Percentage, Option One				50.00%
Share-based Compensation Arrangement by Share-based Payment Award, Performance Metric, Target Earnings Percentage, Option Two				100.00%
Share-based Compensation Arrangement by Share-based Payment Award, Performance Metric, Target Earnings Percentage, Option Three				200.00%
Mortgage Loans Prepaid Without Penalty Amount		$ 22,500,000

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Fair Value Measurements (Assets Measured and Recorded as Fair Value on a Nonrecurring Basis) (Details) (USD $)	3 Months Ended		6 Months Ended				12 Months Ended											6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended			12 Months Ended		6 Months Ended	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014 Fair Value, Measurements, Nonrecurring [Member]		Dec. 31, 2013 Fair Value, Measurements, Nonrecurring [Member]		Jun. 30, 2014 Fair Value, Measurements, Nonrecurring [Member] Level 1 [Member]	Dec. 31, 2013 Fair Value, Measurements, Nonrecurring [Member] Level 1 [Member]	Jun. 30, 2014 Fair Value, Measurements, Nonrecurring [Member] Fair Value, Inputs, Level 2 [Member]	Dec. 31, 2013 Fair Value, Measurements, Nonrecurring [Member] Fair Value, Inputs, Level 2 [Member]	Jun. 30, 2014 Fair Value, Measurements, Nonrecurring [Member] Fair Value, Inputs, Level 3 [Member]	Dec. 31, 2013 Fair Value, Measurements, Nonrecurring [Member] Fair Value, Inputs, Level 3 [Member]		Sep. 30, 2013 Fair Value, Measurements, Nonrecurring [Member] Fair Value, Inputs, Level 3 [Member]		Jun. 30, 2014 Minimum [Member] Fair Value, Inputs, Level 3 [Member]	Dec. 31, 2013 Minimum [Member] Fair Value, Inputs, Level 3 [Member]	Jun. 30, 2014 Maximum [Member] Fair Value, Inputs, Level 3 [Member]	Dec. 31, 2013 Maximum [Member] Fair Value, Inputs, Level 3 [Member]	Jun. 30, 2014 Terminal cap rate [Member] [Member] Minimum [Member] Fair Value, Inputs, Level 3 [Member]	Dec. 31, 2013 Terminal cap rate [Member] [Member] Minimum [Member] Fair Value, Inputs, Level 3 [Member]	Jun. 30, 2014 Terminal cap rate [Member] [Member] Maximum [Member] Fair Value, Inputs, Level 3 [Member]	Dec. 31, 2013 Terminal cap rate [Member] [Member] Maximum [Member] Fair Value, Inputs, Level 3 [Member]	Jun. 30, 2014 Overall cap rate [Member] Minimum [Member] Fair Value, Inputs, Level 3 [Member]	Dec. 31, 2013 Overall cap rate [Member] Minimum [Member] Fair Value, Inputs, Level 3 [Member]	Jun. 30, 2014 Overall cap rate [Member] Maximum [Member] Fair Value, Inputs, Level 3 [Member]	Dec. 31, 2013 Overall cap rate [Member] Maximum [Member] Fair Value, Inputs, Level 3 [Member]	Jun. 30, 2014 South Florida and Southeast [Member] Fair Value, Inputs, Level 2 [Member]		Jun. 30, 2014 North Florida [Member] Fair Value, Inputs, Level 3 [Member] property	Dec. 31, 2013 Southeast [Member] Fair Value, Inputs, Level 2 [Member]		Jun. 30, 2014 Southeast [Member] Fair Value, Inputs, Level 3 [Member] property	Dec. 31, 2013 Southeast [Member] Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment of Long-Lived Assets Sold			$ 2,200,000
Fair Value Inputs, Cap Rate																						11.00%	12.50%	13.50%	12.50%	10.00%	12.50%	15.00%	15.50%
Operating Properties Held-for-investment, Fair Value Disclosure					11,900,000		6,600,000		0	0	0	0	11,900,000	6,600,000	[1]	5,400,000	[1]
Impairment loss					9,573,000	[2]	2,406,000	[3]																												2,400,000
Operating Properties Held-for-sale, Fair Value Disclosure					16,800,000		3,875,000		0	0	16,800,000	3,875,000	0	0
Impairment of Long-Lived Assets to be Disposed of					2,058,000	[2]	1,313,000	[3]																						2,058,000	[3]		1,313,000	[3]
Impairment of Long-Lived Assets to be Disposed of, Number of Assets																														2
Impairment of Long-Lived Assets Held-for-use, Number of Assets																																1			2
Development Properties Held-for-investment							6,400,000			0		0		6,400,000
Impairment of Real Estate							3,085,000	[3]
Fair Value Inputs, Discount Rate																		12.00%	10.00%	14.50%	13.50%
Impairment loss on goodwill and income producing properties	13,892,000	2,662,000	13,892,000	2,662,000	11,631,000	[2]	6,804,000	[3]
Assets, Fair Value Disclosure					$ 28,700,000		$ 16,875,000		$ 0	$ 0	$ 16,800,000	$ 3,875,000	$ 11,900,000	$ 13,000,000

[1] $5.4 million of the total represents the fair value of an operating property as of the date it was impaired during the third quarter of 2013. As of December 31, 2013, the carrying amount of the property no longer equaled its fair value.

[2] Total losses exclude impairments of $2.2 million recognized related to properties sold during the six months ended June 30, 2014 primarily based on sales contracts.

[3] Total losses are for the full year ended December 31, 2013 and exclude impairments related to properties sold during the year.

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Commitments and Contingencies

6 Months Ended

Jun. 30, 2014

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Commitments and Contingencies

As of June 30, 2014, we had provided letters of credit having an aggregate face amount of $2.6 million as additional security for financial and other obligations.

As of June 30, 2014, we have invested an aggregate of approximately $70.0 million in active development or redevelopment projects at various stages of completion and anticipate that these projects will require an additional $69.4 million to complete, based on our current plans and estimates, which we anticipate will be expended over the next two years. These obligations, comprised principally of construction contracts, are generally due as the work is performed and are expected to be financed by funds available under our credit facilities, proceeds from property dispositions and available cash.

We are subject to litigation in the normal course of business; however, we do not believe that any of the litigation outstanding as of June 30, 2014 will have a material adverse effect on our financial condition, results of operations or cash flows.

We were involved in litigation with the fee owner of the majority of the parking lot that services one of our shopping centers. The owner was seeking a declaratory judgment that we and our anchor tenant failed to properly exercise a renewal option under the ground lease at the end of 2012, thereby causing the lease to expire in March 2013. In May 2014, we entered into an agreement to purchase the parking lot for $5.4 million, which approximates fair value, in order to settle our dispute with the fee owner and the transaction was consummated in July 2014.

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Investments in Joint Ventures (Narrative) (Details) (USD $)	3 Months Ended		6 Months Ended			6 Months Ended						3 Months Ended		6 Months Ended		1 Months Ended						6 Months Ended	3 Months Ended		6 Months Ended		1 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013	Jun. 30, 2014 Vernola Marketplace Joint Venture Limited Liability Company [Member]	Dec. 31, 2013 Vernola Marketplace Joint Venture Limited Liability Company [Member]	Jun. 30, 2014 Talega Village Center JV, LLC [Member]	Dec. 31, 2013 Talega Village Center JV, LLC [Member]	Dec. 31, 2013 Vestar [Member] Vernola Marketplace Joint Venture Limited Liability Company [Member]	Dec. 31, 2013 Vestar [Member] Talega Village Center JV, LLC [Member]	Jun. 30, 2014 Management and Leasing Services [Member] Other Income [Member]	Jun. 30, 2013 Management and Leasing Services [Member] Other Income [Member]	Jun. 30, 2014 Management and Leasing Services [Member] Other Income [Member]	Jun. 30, 2013 Management and Leasing Services [Member] Other Income [Member]	Jan. 23, 2014 San Clemente [Member] Talega Village Center [Member] sqft		Jan. 31, 2014 San Clemente [Member] Talega Village Center [Member] sqft	Jan. 31, 2014 San Clemente [Member] Other Income [Member] Equity One, Inc. [Member] Talega Village Center [Member]	Jan. 31, 2014 Vernola Marketplace [Member] Vernola Marketplace Joint Venture Limited Liability Company [Member]	Jan. 31, 2014 Equity Method Investments [Member] Vernola Marketplace [Member] Equity One, Inc. [Member]	Jun. 30, 2014 Vestar/EQY Vernola LLC [Member] Equity One, Inc. [Member]	Jun. 30, 2014 Segment Reconciling Items [Member]	Jun. 30, 2013 Segment Reconciling Items [Member]	Jun. 30, 2014 Segment Reconciling Items [Member]	Jun. 30, 2013 Segment Reconciling Items [Member]	Jan. 31, 2014 Noncontrolling Interest [Member] San Clemente [Member] Talega Village Center [Member]	Jan. 31, 2014 Noncontrolling Interest [Member] Equity Method Investments [Member] Vernola Marketplace [Member]
Schedule of Equity Method Investments [Line Items]
Equity in income of unconsolidated joint ventures	$ 1,268,000	$ 615,000	$ 9,529,000	$ 1,050,000																			$ 1,268,000	$ 615,000	$ 9,529,000	$ 1,050,000
Management Fees Revenue	584,000	484,000	1,213,000	898,000								584,000	484,000	1,213,000	898,000								584,000	484,000	1,213,000	898,000
Equity Method Investment, Summarized Financial Information, Long-term Debt	250,000,000		250,000,000		286,000,000
Equity Method Investment, Long-term Debt, Entity's Portion	54,700,000		54,700,000		72,500,000
Equity Method Investment, Effective Interest							48.00%	100.00%	48.00%
Noncontrolling interest ownership percentage										5.00%	5.00%
Business Combination, Consideration Transferred			103,362,000													23,000,000	[1],[2]	6,200,000
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain			2,807,000	0															2,800,000								561,000
Sales of Real Estate			58,576,000																	49,000,000
Investment in loan receivable			0	8,500,000																22,900,000
Square Feet/Acres																102,282	[2]	102,000
Loans receivable, net	0		0		60,711,000
Gain (Loss) on Sale of Properties			4,035,000	36,859,000																14,700,000	7,400,000							1,600,000
Payments to Noncontrolling Interests			763,000	18,917,000																		1,900,000
Distributions from joint ventures			$ 16,232,000	$ 1,595,000		$ 13,700,000

[1] The purchase price has been preliminarily allocated to real estate assets acquired and liabilities assumed, as applicable, in accordance with our accounting policies for business combinations. The purchase price and related accounting will be finalized after our valuation studies are complete.

[2] (3) Property was acquired through the acquisition of our joint venture partners' interests in the property. See Note 5 for further discussion.

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Condensed Consolidating Financial Information (Tables)

6 Months Ended

Jun. 30, 2014

Jun. 30, 2013

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Schedule of Condensed Consolidating Balance Sheets

Condensed Consolidating Balance Sheet As of June 30, 2014	Equity One, Inc.		Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminating Entries			Consolidated
	(In thousands)
ASSETS
Properties, net	$	161,172	$	1,401,374	$	1,398,654	$	(80	)	$	2,961,120
Investment in affiliates	2,678,334		—		—		(2,678,334		)	—
Other assets	256,021		95,994		834,548		(794,118		)	392,445
TOTAL ASSETS	$	3,095,527	$	1,497,368	$	2,233,202	$	(3,472,532	)	$	3,353,565
LIABILITIES
Total notes payable	$	1,712,598	$	123,580	$	451,719	$	(760,600	)	$	1,527,297
Other liabilities	12,420		87,612		181,082		(33,598		)	247,516
TOTAL LIABILITIES	1,725,018		211,192		632,801		(794,198		)	1,774,813
REDEEMABLE NONCONTROLLING    INTERESTS	—		—		989		—			989
EQUITY	1,370,509		1,286,176		1,599,412		(2,678,334		)	1,577,763
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY	$	3,095,527	$	1,497,368	$	2,233,202	$	(3,472,532	)	$	3,353,565

Condensed Consolidating Balance Sheet As of December 31, 2013	Equity One, Inc.		Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminating Entries			Consolidated
	(In thousands)
ASSETS
Properties, net	$	178,797	$	1,424,571	$	1,313,598	$	(133	)	$	2,916,833
Investment in affiliates	2,680,043		—		—		(2,680,043		)	—
Other assets	229,761		92,916		918,026		(802,877		)	437,826
TOTAL ASSETS	$	3,088,601	$	1,517,487	$	2,231,624	$	(3,483,053	)	$	3,354,659
LIABILITIES
Total notes payable	$	1,670,438	$	131,217	$	467,354	$	(760,600	)	$	1,508,409
Other liabilities	22,979		90,894		170,872		(42,410		)	242,335
TOTAL LIABILITIES	1,693,417		222,111		638,226		(803,010		)	1,750,744
REDEEMABLE NONCONTROLLING    INTERESTS	—		—		989		—			989
EQUITY	1,395,184		1,295,376		1,592,409		(2,680,043		)	1,602,926
TOTAL LIABILITIES, REDEEMABLE    NONCONTROLLING INTERESTS    AND EQUITY	$	3,088,601	$	1,517,487	$	2,231,624	$	(3,483,053	)	$	3,354,659

Condensed Income Statement [Table Text Block]

Condensed Consolidating Statement of Comprehensive (Loss) Income for the three months ended June 30, 2014	Equity One, Inc.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminating Entries			Consolidated
	(In thousands)
Total revenue	$	6,133		$	43,391		$	37,919		$	—		$	87,443
Equity in subsidiaries' earnings	27,435			—			—			(27,435		)	—
Total costs and expenses	10,336			23,890			25,199			(274		)	59,151
INCOME BEFORE OTHER INCOME AND       EXPENSE, TAX AND DISCONTINUED       OPERATIONS	23,232			19,501			12,720			(27,161		)	28,292
Other income and (expense)	(25,725		)	(5,530		)	2,220			(243		)	(29,278		)
(LOSS) INCOME FROM CONTINUING       OPERATIONS BEFORE TAX AND       DISCONTINUED OPERATIONS	(2,493		)	13,971			14,940			(27,404		)	(986		)
Income tax benefit (provision) of taxable REIT    subsidiaries	—			26			(105		)	—			(79		)
(LOSS) INCOME FROM CONTINUING       OPERATIONS	(2,493		)	13,997			14,835			(27,404		)	(1,065		)
Income (loss) from discontinued operations	7			(53		)	68			1			23
Gain from sale of operating properties	8			1,125			8			—			1,141
NET (LOSS) INCOME	(2,478		)	15,069			14,911			(27,403		)	99
Other comprehensive loss	(2,278		)	—			(67		)	—			(2,345		)
COMPREHENSIVE (LOSS) INCOME	(4,756		)	15,069			14,844			(27,403		)	(2,246		)
Comprehensive income attributable to    noncontrolling interests	—			—			(2,510		)	—			(2,510		)
COMPREHENSIVE (LOSS) INCOME        ATTRIBUTABLE TO EQUITY ONE, INC.	$	(4,756	)	$	15,069		$	12,334		$	(27,403	)	$	(4,756	)

Condensed Consolidating Statement of Comprehensive Income for the three months ended June 30, 2013	Equity One, Inc.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminating Entries			Consolidated
	(In thousands)
Total revenue	$	6,626		$	41,687		$	33,423		$	—		$	81,736
Equity in subsidiaries' earnings	53,113			—			—			(53,113		)	—
Total costs and expenses	10,805			22,195			21,854			(143		)	54,711
INCOME BEFORE OTHER INCOME AND       EXPENSE, TAX AND DISCONTINUED       OPERATIONS	48,934			19,492			11,569			(52,970		)	27,025
Other income and (expense)	(16,532		)	(3,357		)	3,241			(225		)	(16,873		)
INCOME FROM CONTINUING OPERATIONS       BEFORE TAX AND DISCONTINUED       OPERATIONS	32,402			16,135			14,810			(53,195		)	10,152
Income tax benefit (provision) of taxable REIT    subsidiaries	—			30			(37		)	—			(7		)
INCOME FROM CONTINUING OPERATIONS	32,402			16,165			14,773			(53,195		)	10,145
Income from discontinued operations	1,364			24,465			84			119			26,032
NET INCOME	33,766			40,630			14,857			(53,076		)	36,177
Other comprehensive income	7,585			—			128			—			7,713
COMPREHENSIVE INCOME	41,351			40,630			14,985			(53,076		)	43,890
Comprehensive income attributable to    noncontrolling interests	—			—			(2,539		)	—			(2,539		)
COMPREHENSIVE INCOME ATTRIBUTABLE        TO EQUITY ONE, INC.	$	41,351		$	40,630		$	12,446		$	(53,076	)	$	41,351

Condensed Consolidating Statement of Comprehensive Income for the six months ended June 30, 2014	Equity One, Inc.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminating Entries			Consolidated
	(In thousands)
Total revenue	$	12,718		$	92,783		$	74,763		$	—		$	180,264
Equity in subsidiaries' earnings	78,277			—			—			(78,277		)	—
Total costs and expenses	23,445			48,201			46,959			(487		)	118,118
INCOME BEFORE OTHER INCOME AND       EXPENSE, TAX AND DISCONTINUED       OPERATIONS	67,550			44,582			27,804			(77,790		)	62,146
Other income and (expense)	(43,605		)	(7,283		)	16,943			(485		)	(34,430		)
INCOME FROM CONTINUING       OPERATIONS BEFORE TAX AND       DISCONTINUED OPERATIONS	23,945			37,299			44,747			(78,275		)	27,716
Income tax benefit (provision) of taxable REIT subsidiaries	—			7			(619		)	—			(612		)
INCOME FROM CONTINUING OPERATIONS	23,945			37,306			44,128			(78,275		)	27,104
Income from discontinued operations	7			3,057			17			6			3,087
(Loss) gain from sale of operating properties	(280		)	1,125			38			—			883
NET INCOME	23,672			41,488			44,183			(78,269		)	31,074
Other comprehensive loss	(3,023		)	—			(193		)	—			(3,216		)
COMPREHENSIVE INCOME	20,649			41,488			43,990			(78,269		)	27,858
Comprehensive income attributable to noncontrolling interests	—			—			(7,209		)	—			(7,209		)
COMPREHENSIVE INCOME ATTRIBUTABLE       TO EQUITY ONE, INC.	$	20,649		$	41,488		$	36,781		$	(78,269	)	$	20,649

Condensed Consolidating Statement of Comprehensive Income for the six months ended June 30, 2013	Equity One, Inc.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminating Entries			Consolidated
	(In thousands)
Total revenue	$	13,181		$	83,676		$	66,308		$	—		$	163,165
Equity in subsidiaries' earnings	96,236			—			—			(96,236		)	—
Total costs and expenses	21,436			45,366			40,406			(214		)	106,994
INCOME BEFORE OTHER INCOME AND       EXPENSE, TAX AND DISCONTINUED       OPERATIONS	87,981			38,310			25,902			(96,022		)	56,171
Other income and (expense)	(36,473		)	(3,623		)	8,470			(450		)	(32,076		)
INCOME FROM CONTINUING       OPERATIONS BEFORE TAX AND       DISCONTINUED OPERATIONS	51,508			34,687			34,372			(96,472		)	24,095
Income tax benefit (provision) of taxable REIT subsidiaries	—			70			(91		)	—			(21		)
INCOME FROM CONTINUING OPERATIONS	51,508			34,757			34,281			(96,472		)	24,074
Income from discontinued operations	6,933			32,131			24			306			39,394
NET INCOME	58,441			66,888			34,305			(96,166		)	63,468
Other comprehensive income	8,988			—			210			—			9,198
COMPREHENSIVE INCOME	67,429			66,888			34,515			(96,166		)	72,666
Comprehensive income attributable to noncontrolling interests	—			—			(5,237		)	—			(5,237		)
COMPREHENSIVE INCOME ATTRIBUTABLE       TO EQUITY ONE, INC.	$	67,429		$	66,888		$	29,278		$	(96,166	)	$	67,429

Schedule of Condensed Consolidating Statements of Cash Flows

Condensed Consolidating Statement of Cash Flows for the six months ended June 30, 2014	Equity One, Inc.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidated
	(In thousands)
Net cash (used in) provided by operating activities	$	(55,029	)	$	60,484		$	65,163		$	70,618
INVESTING ACTIVITIES:
Acquisition of income producing properties	—			(350		)	(85,551		)	(85,901		)
Additions to income producing properties	(1,027		)	(3,690		)	(4,456		)	(9,173		)
Additions to construction in progress	(1,199		)	(25,147		)	(7,077		)	(33,423		)
Deposits for the acquisition of income producing properties	(425		)	—			—			(425		)
Proceeds from sale of real estate and rental properties	9,374			29,598			17,326			56,298
Decrease in cash held in escrow	(22,704		)	—			—			(22,704		)
Repayment of loans receivable	—			—			60,526			60,526
Increase in deferred leasing costs and lease intangibles	(259		)	(1,773		)	(725		)	(2,757		)
Investment in joint ventures	—			—			(289		)	(289		)
Repayments of advances to joint ventures	—			—			27			27
Distributions from joint ventures	—			—			16,232			16,232
Repayments from subsidiaries, net	80,644			(51,482		)	(29,162		)	—
Net cash provided by (used in) investing activities	64,404			(52,844		)	(33,149		)	(21,589		)
FINANCING ACTIVITIES:
Repayments of mortgage notes payable	—			(7,640		)	(24,324		)	(31,964		)
Net borrowings under revolving credit facilities	42,000			—			—			42,000
Proceeds from issuance of common stock	4,852			—			—			4,852
Repurchase of common stock	(205		)	—			—			(205		)
Dividends paid to stockholders	(52,289		)	—			—			(52,289		)
Purchase of noncontrolling interest	—			—			(763		)	(763		)
Distributions to noncontrolling interests	—			—			(6,927		)	(6,927		)
Net cash used in financing activities	(5,642		)	(7,640		)	(32,014		)	(45,296		)
Net increase in cash and cash equivalents	3,733			—			—			3,733
Cash and cash equivalents at beginning of the period	25,583			—			—			25,583
Cash and cash equivalents at end of the period	$	29,316		$	—		$	—		$	29,316

Condensed Consolidating Statement of Cash Flows for the six months ended June 30, 2013	Equity One, Inc.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidated
	(In thousands)
Net cash (used in) provided by operating activities	$	(37,326	)	$	52,387		$	46,457		$	61,518
INVESTING ACTIVITIES:
Acquisition of income producing properties	—			(37,000		)	—			(37,000		)
Additions to income producing properties	(850		)	(4,603		)	(1,660		)	(7,113		)
Additions to construction in progress	(371		)	(13,986		)	(3,401		)	(17,758		)
Deposits for the acquisition of income producing properties	(1,150		)	—			—			(1,150		)
Proceeds from sale of real estate and rental properties	49,131			118,363			5,528			173,022
Increase in cash held in escrow	(10,258		)	—			—			(10,258		)
Purchase of below market leasehold interest	—			(25,000		)	—			(25,000		)
Investment in loans receivable	—			—			(12,000		)	(12,000		)
Repayment of loans receivable	—			—			28,659			28,659
Increase in deferred leasing costs and lease intangibles	(627		)	(2,204		)	(1,696		)	(4,527		)
Investment in joint ventures	—			—			(4,266		)	(4,266		)
Advances to joint ventures	—			—			(143		)	(143		)
Distributions from joint ventures	—			—			1,595			1,595
Repayments from subsidiaries, net	94,653			(86,580		)	(8,073		)	—
Net cash provided by (used in) investing activities	130,528			(51,010		)	4,543			84,061
FINANCING ACTIVITIES:
Repayments of mortgage notes payable	(3,584		)	(1,377		)	(26,362		)	(31,323		)
Net repayments under revolving credit facilities	(47,000		)	—			—			(47,000		)
Payment of deferred financing costs	(6		)	—			—			(6		)
Proceeds from issuance of common stock	8,176			—			—			8,176
Repurchase of common stock	(348		)	—			—			(348		)
Stock issuance costs	(94		)	—			—			(94		)
Dividends paid to stockholders	(52,105		)	—			—			(52,105		)
Purchase of noncontrolling interests	—			—			(18,917		)	(18,917		)
Distributions to noncontrolling interests	—			—			(5,041		)	(5,041		)
Distributions to redeemable noncontrolling interests	—			—			(680		)	(680		)
Net cash used in financing activities	(94,961		)	(1,377		)	(51,000		)	(147,338		)
Net decrease in cash and cash equivalents	(1,759		)	—			—			(1,759		)
Cash and cash equivalents at beginning of the period	27,416			—			—			27,416
Cash and cash equivalents at end of the period	$	25,657		$	—		$	—		$	25,657

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Condensed Consolidating Financial Information (Schedule of Condensed Consolidating Statements of Cash Flows) (Details) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Net cash (used in) provided by operating activities	$ 70,618	$ 61,518
Cash paid for income producing properties	85,901	37,000
INVESTING ACTIVITIES:
Acquisition of income producing properties	(85,901)	(37,000)
Additions to income producing properties	(9,173)	(7,113)
Additions to construction in progress	(33,423)	(17,758)
Deposits for the acquisition of income producing properties	(425)	(1,150)
Proceeds from sale of real estate and rental properties	56,298	173,022
Increase in cash held in escrow	(22,704)	(10,258)
Purchase of Below Market Leasehold Interest	0	25,000
Investment in loans receivable		(12,000)
Repayment of loans receivable	60,526	28,659
Increase in deferred leasing costs and lease intangibles	(2,757)	(4,527)
Investment in joint ventures	(289)	(4,266)
Repayments of (advances to) joint ventures	27	(143)
Distributions from joint ventures	(16,232)	(1,595)
Net cash (used in) provided by investing activities	(21,589)	84,061
FINANCING ACTIVITIES:
Repayments of mortgage notes payable	(31,964)	(31,323)
Net borrowings (repayments) under revolving credit facilities	42,000	(47,000)
Proceeds from issuance of common stock	4,852	8,176
Repurchase of common stock	(205)	(348)
Payment of deferred financing costs	0	(6)
Stock issuance costs	0	(94)
Dividends paid to stockholders	(52,289)	(52,105)
Purchase of noncontrolling interest	(763)	(18,917)
Payments of Ordinary Dividends, Noncontrolling Interest	6,927	5,041
Distributions to redeemable noncontrolling interests	0	(680)
Net cash used in financing activities	(45,296)	(147,338)
Net increase (decrease) in cash and cash equivalents	3,733	(1,759)
Cash and cash equivalents at beginning of the period	25,583	27,416
Cash and cash equivalents at end of the period	29,316	25,657
Parent Company [Member]
Net cash (used in) provided by operating activities	(55,029)	(37,326)
Cash paid for income producing properties		0
INVESTING ACTIVITIES:
Acquisition of income producing properties
Additions to income producing properties	(1,027)	(850)
Additions to construction in progress	(1,199)	(371)
Deposits for the acquisition of income producing properties	(425)	(1,150)
Proceeds from sale of real estate and rental properties	9,374	49,131
Increase in cash held in escrow	(22,704)	(10,258)
Purchase of Below Market Leasehold Interest
Investment in loans receivable
Repayment of loans receivable
Increase in deferred leasing costs and lease intangibles	(259)	(627)
Investment in joint ventures
Repayments of advances to joint ventures
Repayments of (advances to) joint ventures
Distributions from joint ventures
Repayments from subsidiaries, net	80,644	94,653
Net cash (used in) provided by investing activities	64,404	130,528
FINANCING ACTIVITIES:
Repayments of mortgage notes payable		(3,584)
Net borrowings (repayments) under revolving credit facilities	42,000	(47,000)
Proceeds from issuance of common stock	4,852	8,176
Repurchase of common stock	(205)	(348)
Payment of deferred financing costs		(6)
Stock issuance costs		(94)
Dividends paid to stockholders	(52,289)	(52,105)
Purchase of noncontrolling interest
Payments of Ordinary Dividends, Noncontrolling Interest
Distributions to redeemable noncontrolling interests
Net cash used in financing activities	(5,642)	(94,961)
Net increase (decrease) in cash and cash equivalents	3,733	(1,759)
Cash and cash equivalents at beginning of the period	25,583	27,416
Cash and cash equivalents at end of the period	29,316
Combined Guarantor Subsidiaries [Member]
Net cash (used in) provided by operating activities	60,484	52,387
Cash paid for income producing properties		37,000
INVESTING ACTIVITIES:
Acquisition of income producing properties	(350)
Additions to income producing properties	(3,690)	(4,603)
Additions to construction in progress	(25,147)	(13,986)
Deposits for the acquisition of income producing properties	0	0
Proceeds from sale of real estate and rental properties	29,598	118,363
Increase in cash held in escrow
Purchase of Below Market Leasehold Interest		25,000
Investment in loans receivable
Repayment of loans receivable
Increase in deferred leasing costs and lease intangibles	(1,773)	(2,204)
Investment in joint ventures
Repayments of advances to joint ventures
Repayments of (advances to) joint ventures
Distributions from joint ventures
Repayments from subsidiaries, net	(51,482)	(86,580)
Net cash (used in) provided by investing activities	(52,844)	(51,010)
FINANCING ACTIVITIES:
Repayments of mortgage notes payable	(7,640)	(1,377)
Net borrowings (repayments) under revolving credit facilities
Proceeds from issuance of common stock	0
Repurchase of common stock	0	0
Payment of deferred financing costs
Stock issuance costs
Dividends paid to stockholders	0
Purchase of noncontrolling interest
Payments of Ordinary Dividends, Noncontrolling Interest
Distributions to redeemable noncontrolling interests
Net cash used in financing activities	(7,640)	(1,377)
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of the period
Cash and cash equivalents at end of the period
Non-Guarantor Subsidiaries [Member]
Net cash (used in) provided by operating activities	65,163	46,457
Cash paid for income producing properties
INVESTING ACTIVITIES:
Acquisition of income producing properties	(85,551)
Additions to income producing properties	(4,456)	(1,660)
Additions to construction in progress	(7,077)	(3,401)
Deposits for the acquisition of income producing properties	0	0
Proceeds from sale of real estate and rental properties	17,326	5,528
Increase in cash held in escrow
Purchase of Below Market Leasehold Interest
Investment in loans receivable		(12,000)
Repayment of loans receivable	60,526	28,659
Increase in deferred leasing costs and lease intangibles	(725)	(1,696)
Investment in joint ventures	(289)	(4,266)
Repayments of advances to joint ventures	27
Repayments of (advances to) joint ventures		(143)
Distributions from joint ventures	(16,232)	(1,595)
Repayments from subsidiaries, net	(29,162)	(8,073)
Net cash (used in) provided by investing activities	(33,149)	4,543
FINANCING ACTIVITIES:
Repayments of mortgage notes payable	(24,324)	(26,362)
Net borrowings (repayments) under revolving credit facilities	0
Proceeds from issuance of common stock	0
Repurchase of common stock	0	0
Payment of deferred financing costs
Stock issuance costs
Dividends paid to stockholders	0
Purchase of noncontrolling interest	(763)	(18,917)
Payments of Ordinary Dividends, Noncontrolling Interest	6,927	5,041
Distributions to redeemable noncontrolling interests		(680)
Net cash used in financing activities	(32,014)	(51,000)
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of the period
Cash and cash equivalents at end of the period
Consolidated Entities [Member]
Net cash (used in) provided by operating activities	70,618	61,518
Cash paid for income producing properties		37,000
INVESTING ACTIVITIES:
Acquisition of income producing properties	(85,901)
Additions to income producing properties	(9,173)	(7,113)
Additions to construction in progress	(33,423)	(17,758)
Deposits for the acquisition of income producing properties	(425)	(1,150)
Proceeds from sale of real estate and rental properties	56,298	173,022
Increase in cash held in escrow	(22,704)	(10,258)
Purchase of Below Market Leasehold Interest		25,000
Investment in loans receivable		(12,000)
Repayment of loans receivable	60,526	28,659
Increase in deferred leasing costs and lease intangibles	(2,757)	(4,527)
Investment in joint ventures	(289)	(4,266)
Repayments of advances to joint ventures	27
Repayments of (advances to) joint ventures		(143)
Distributions from joint ventures	(16,232)	(1,595)
Repayments from subsidiaries, net
Net cash (used in) provided by investing activities	(21,589)	84,061
FINANCING ACTIVITIES:
Repayments of mortgage notes payable	(31,964)	(31,323)
Net borrowings (repayments) under revolving credit facilities	42,000	(47,000)
Proceeds from issuance of common stock	4,852	8,176
Repurchase of common stock	(205)	(348)
Payment of deferred financing costs		(6)
Stock issuance costs		(94)
Dividends paid to stockholders	(52,289)	(52,105)
Purchase of noncontrolling interest	(763)	(18,917)
Payments of Ordinary Dividends, Noncontrolling Interest	6,927	5,041
Distributions to redeemable noncontrolling interests		(680)
Net cash used in financing activities	(45,296)	(147,338)
Net increase (decrease) in cash and cash equivalents	3,733	(1,759)
Cash and cash equivalents at beginning of the period	25,583	27,416
Cash and cash equivalents at end of the period	$ 29,316

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Noncontrolling Interests (Tables)

6 Months Ended

Jun. 30, 2014

Noncontrolling Interest [Abstract]

Summary of Noncontrolling Interests

The following is a summary of the noncontrolling interests in consolidated entities included in the condensed consolidated balance sheets:

	June 30, 2014		December 31, 2013
	(In thousands)
Walden Woods Village, Ltd. (1)	$	989	$	989
Total redeemable noncontrolling interests	$	989	$	989
CapCo	$	206,145	$	206,145
DIM	1,033		1,081
Vestar/EQY Talega LLC (2)	—		147
Vestar/EQY Vernola LLC (3)	50		341
Vestar/EQY Canyon Trails LLC (4)	27		29
Total noncontrolling interests included in total equity	$	207,255	$	207,743

^{______________________________________________} 

⁽¹⁾ This entity owns Walden Woods Shopping Center.

⁽²⁾ This entity held our interest in Talega Village Center JV, LLC. We acquired our joint venture partners' interest in January 2014. See Note 5 for further discussion.

⁽³⁾ This entity holds our interest in Vernola Marketplace JV, LLC. The property held by the joint venture was sold in January 2014.

⁽⁴⁾ This entity held our interest in Canyon Trails Towne Center. The property held by the joint venture was sold in December 2013.

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Loans Receivable (Details) (USD $)	6 Months Ended			1 Months Ended	12 Months Ended	1 Months Ended	12 Months Ended					1 Months Ended
	Jun. 30, 2014	Dec. 31, 2013	Jan. 31, 2014 Westwood Complex [Member]	Mar. 31, 2013 Westwood Complex [Member] Mezzanine Loan [Member]	Dec. 31, 2013 Westwood Complex [Member] Mezzanine Loan [Member]	Oct. 31, 2012 Westwood Complex [Member] Mortgage Loans on Real Estate [Member]	Dec. 31, 2013 Westwood Complex [Member] Mortgage Loans on Real Estate [Member]	Oct. 31, 2012 Westwood Complex [Member] Real Estate [Member] acre	Oct. 31, 2012 Westwood Complex [Member] Retail Site [Member] sqft	Oct. 31, 2012 Westwood Complex [Member] Apartment Building [Member] sqft	Oct. 31, 2012 Westwood Complex [Member] Assisted Living Facility [Member] units	Jan. 31, 2014 Westwood Shopping Center and Westwood Center II [Member]	Oct. 31, 2012 Westwood Complex [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, net	$ 0	$ 60,711,000		$ 12,000,000		$ 95,000,000
Square Feet/Acres								22	214,767	211,020
Number of units in real estate property											62
Mezzanine loan interest rate				5.00%		5.00%
Real estate investment property													140,000,000
Repayment of loans receivable					5,800,000		40,700,000
Business Combination, Consideration Transferred	103,362,000											80,000,000
Payments to Acquire Businesses, Gross												19,500,000
Real Estate Investment Property, at Cost			$ 140,000,000

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Segment Reporting (Financial Information Relating to Assets Presented by Segments) (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Segment Reporting Information [Line Items]
TOTAL ASSETS	$ 3,353,565	$ 3,354,659
South Florida [Member]
Segment Reporting Information [Line Items]
TOTAL ASSETS	650,820	690,328
North Florida [Member]
Segment Reporting Information [Line Items]
TOTAL ASSETS	280,477	318,375
Southeast [Member]
Segment Reporting Information [Line Items]
TOTAL ASSETS	274,356	305,013
Northeast [Member]
Segment Reporting Information [Line Items]
TOTAL ASSETS	1,069,576	974,444
West Coast [Member]
Segment Reporting Information [Line Items]
TOTAL ASSETS	854,829	833,890
Non Retail [Member]
Segment Reporting Information [Line Items]
TOTAL ASSETS	60,150	61,273
Corporate assets [Member]
Segment Reporting Information [Line Items]
TOTAL ASSETS	110,195	157,932
Assets held for sale or sold [Member]
Segment Reporting Information [Line Items]
TOTAL ASSETS	$ 53,162	$ 13,404

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Earnings Per Share (Summary of Calculation of Diluted EPS and Reconciliation of Net Loss (Income) Available to Shareholders) (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Schedule of Equity Method Investments [Line Items]
(LOSS) INCOME FROM CONTINUING OPERATIONS	$ (1,065)	$ 10,145	$ 27,104	$ 24,074
Gain (Loss) on Sale of Properties, before Applicable Income Taxes	1,141	0	883	0
Income from continuing operations attributable to Equity One, Inc.	(2,435)	7,634	20,775	18,870
Income from discontinued operations	23	26,032	3,087	39,394
Net loss (income) attributable to noncontrolling interests - discontinued operations	1	(28)	3	(33)
Income from discontinued operations attributable to Equity One, Inc.	24	26,004	3,090	39,361
Net Income (Loss) Available to Common Stockholders, Discontinued Operations, Basic	24	25,775	3,090	39,007
Net income available to common stockholders	(2,635)	33,345	23,427	57,569
Weighted average shares outstanding - Basic (in shares)	117,813	117,385	117,744	117,209
Incremental Common Shares Attributable to Dilutive Effect of Call Options and Warrants	0	364	205	326
Stock options using the treasury method	0	0	6	0
Incremental Common Shares Attributable to Dilutive Effect of Contingently Issuable Shares	0	0	26	0
Weighted average shares outstanding - Diluted	117,813	117,749	117,981	117,535
Diluted earnings per share from continuing operations (in usd per share)	$ (0.02)	$ 0.06	$ 0.17	$ 0.16
Diluted earnings per share from discontinued operations (in usd per share)		$ 0.22	$ 0.03	$ 0.33
Earnings per common share - Diluted (in usd per share)	$ (0.02)	$ 0.28	$ 0.20	$ 0.49
Participating Securities, Distributed and Undistributed Earnings (Loss), Continuing Operations, Diluted	224	64	438	308
Net Income (Loss) Available to Common Stockholders, Continuing Operations, Diluted	(2,659)	7,570	20,337	18,562
Restricted Share Awards And To Class A Common Stock [Member]
Schedule of Equity Method Investments [Line Items]
Participating Securities, Distributed and Undistributed Earnings (Loss), Discontinued Operations	$ 0	$ (229)	$ 0	$ (354)

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Dispositions (Summary of Disposition Activity) (Details) (USD $)	6 Months Ended			6 Months Ended		1 Months Ended					3 Months Ended		6 Months Ended	2 Months Ended						6 Months Ended				6 Months Ended				6 Months Ended						0 Months Ended			0 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013	Jun. 30, 2014 Shoppes of Andros Isles, Mariners Crossing, Smyth Valley Crossing, Forest Village, New Smyrna Beach and Shoppes of North Port [Member]	Jun. 30, 2014 Summerlin Square [Member]	Apr. 30, 2014 Stuart [Member] Income Producing Property Sold [Member] Salerno Village [Member]		Apr. 30, 2014 Ruskin [Member] Income Producing Property Sold [Member] Sunpoint Shopping Center [Member]		Jun. 30, 2014 North Florida And Southeast [Member] property	Mar. 27, 2014 Augusta [Member] Income Producing Property Sold [Member] Daniel Village [Member]		Jun. 30, 2014 Charlotte [Member] Brawley Commons [Member]	Feb. 27, 2014 Charlotte [Member] Income Producing Property Sold [Member] Brawley Commons [Member]		Jun. 30, 2014 Continuing Operations [Member] property	Jun. 30, 2014 Discontinued Operations [Member] Stanley Marketplace and Oak Hill [Member] property	Jun. 30, 2013 Discontinued Operations [Member] North Florida, South Florida and Southeast [Member] property	Jun. 30, 2013 Discontinued Operations [Member] West Coast [Member] property	Jun. 30, 2013 Discontinued Operations [Member] North Florida, South Florida, Southeast and West Coast [Member]	Jun. 30, 2014 Assets Held-for-sale [Member] Shoppes of Andros Isles, Mariners Crossing, Smyth Valley Crossing, Forest Village, New Smyrna Beach and Shoppes of North Port [Member]	Jun. 30, 2014 Assets Held-for-sale [Member] Discontinued Operations [Member] Summerlin Square [Member] property	Jun. 30, 2014 North Florida, South Florida and Southeast [Member] Assets Held-for-sale [Member] Continuing Operations [Member] Shoppes of Andros Isles, Mariners Crossing, Smyth Valley Crossing, Forest Village, New Smyrna Beach and Shoppes of North Port [Member] property	Jun. 30, 2014 South Florida [Member] Coral Springs [Member] Income Producing Property Sold [Member] Riverside Square [Member] sqft		Apr. 07, 2014 South Florida [Member] Stuart [Member] Income Producing Property Sold [Member] Salerno Village [Member] sqft		Jun. 30, 2014 South Florida [Member] North Palm Beach [Member] Income Producing Property Sold [Member] Oaktree Plaza [Member] sqft		Mar. 27, 2014 Southeast [Member] Augusta [Member] Income Producing Property Sold [Member] Daniel Village [Member] sqft		Feb. 27, 2014 Southeast [Member] Charlotte [Member] Income Producing Property Sold [Member] Brawley Commons [Member] sqft		Jan. 15, 2014 Southeast [Member] Stanley [Member] Income Producing Property Sold [Member] Stanley Market Place [Member] sqft	Jun. 17, 2014 North Florida [Member] Ruskin [Member] Income Producing Property Sold [Member] Sunpoint Shopping Center [Member] sqft		Jan. 10, 2014 North Florida [Member] Jacksonville [Member] Income Producing Property Sold [Member] Oak Hill [Member] sqft
Acquisitions And Dispositions [Line Items]
Gain (Loss) on Sale of Properties	$ 4,035,000	$ 36,859,000
Noncash or Part Noncash Divestiture, Amount of Consideration Received													6,500,000
Real Estate Investment Property, Net	2,961,120,000		2,916,833,000																		47,300,000
Square Feet/Acres																								103,241	[1]	77,677	[1]	23,745	[1]	172,438	[1]	119,189	[1],[2]	53,228	132,374	[1]	78,492
Sales of Real Estate	58,576,000			55,300,000		8,646,000	[1]	7,250,000	[1]		10,125,000	[1]	5,500,000	5,450,000	[1],[2]					188,000,000				12,380,000	[1]			4,000,000	[1]					3,875,000			6,850,000
Number of Real Estate Properties Under Contract, Excluding Held-for-Sale										6
Properties held for sale	53,162,000		13,404,000		6,100,000
Number Of Real Estate Properties Sold																6	2	20	2
Number of Real Estate Properties																						1	6
Net Book Value of Real Estate, Under Contract, Held for Use										$ 17,100,000

[1] he results of operations for these properties are included in continuing operations in the condensed consolidated statements of operations for all periods presented.

[2] The property was encumbered by a $6.5 million mortgage loan which matured on July 1, 2013. In conjunction with the sale of the property, the lender accepted the proceeds from the sale as full repayment of the loan.

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Condensed Consolidated Statements of Cash Flows (Parenthetical) (USD $) In Thousands, except Share data, unless otherwise specified	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Common Stock, Shares, Issued	117,997,140
SUPPLEMENTAL DISCLOSURE OF CASH FLOW AND NON-CASH INFORMATION:
Capitalized interest	$ 2,172	$ 1,646

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Share-Based Payments (Narrative) (Details) (USD $)	3 Months Ended	6 Months Ended		0 Months Ended	3 Months Ended		12 Months Ended		0 Months Ended		3 Months Ended				0 Months Ended				6 Months Ended	0 Months Ended		6 Months Ended			6 Months Ended		0 Months Ended				0 Months Ended	6 Months Ended			12 Months Ended	0 Months Ended	6 Months Ended	3 Months Ended			0 Months Ended		0 Months Ended
	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2013	May 12, 2014 Chief Executive Officer [Member]	Jun. 30, 2014 Chief Executive Officer [Member]	May 12, 2014 Chief Executive Officer [Member] Minimum [Member]	Dec. 31, 2015 Scenario, Forecast [Member] President [Member]	Jan. 01, 2015 Scenario, Forecast [Member] President [Member]	Jul. 15, 2014 Scenario, Forecast [Member] Chief Operating Officer [Member]	Jul. 15, 2014 Scenario, Forecast [Member] Chief Operating Officer [Member] Minimum [Member]	Jun. 30, 2014 Pre-modification [Member] Outgoing Chief Executive Officer [Member]	Jun. 30, 2014 Post-modification [Member] Outgoing Chief Executive Officer [Member]	May 12, 2014 Cash [Member] Chief Executive Officer [Member]	Jun. 30, 2014 Performance Shares [Member]	May 12, 2014 Performance Shares [Member] Chief Executive Officer [Member]	May 12, 2014 Performance Shares [Member] Chief Executive Officer [Member] Recurring FFO Growth [Member]	May 12, 2014 Performance Shares [Member] Chief Executive Officer [Member] Discretionary [Member]	Jul. 15, 2014 Performance Shares [Member] Scenario, Forecast [Member] Chief Operating Officer [Member]	Jun. 30, 2014 Market Awards [Member] Chief Executive Officer [Member]	May 12, 2014 Market Awards [Member] Chief Executive Officer [Member] Absolute Shareholder Return [Member]	May 12, 2014 Market Awards [Member] Chief Executive Officer [Member] Total Shareholder Return Relative to Peer Community [Member]	Jun. 30, 2014 Restricted Stock Grants And Long-Term Incentive Compensation Plan [Member]		Dec. 31, 2013 Restricted Stock Grants And Long-Term Incentive Compensation Plan [Member]	Jun. 30, 2014 Restricted Stock Grants And Long-Term Incentive Compensation Plan [Member] Minimum [Member]	Jun. 30, 2014 Restricted Stock Grants And Long-Term Incentive Compensation Plan [Member] Maximum [Member]	Jun. 02, 2014 Restricted Stock Grants And Long-Term Incentive Compensation Plan [Member] Outgoing Chief Executive Officer [Member]	May 12, 2014 Restricted Stock Grants And Long-Term Incentive Compensation Plan [Member] Chief Executive Officer [Member]	May 12, 2014 Restricted Stock Grants And Long-Term Incentive Compensation Plan [Member] Chief Executive Officer [Member] Deferred Bonus [Member]	Jun. 02, 2014 Restricted Stock Grants And Long-Term Incentive Compensation Plan [Member] Board of Directors Chairman [Member]	Jul. 15, 2014 Restricted Stock Grants And Long-Term Incentive Compensation Plan [Member] Chief Operating Officer [Member] Deferred Bonus [Member]	Jun. 30, 2014 Restricted Stock Grants And Long-Term Incentive Compensation Plan [Member] Scenario, Forecast [Member] Board of Directors Chairman [Member]	Jun. 02, 2014 Restricted Stock Grants And Long-Term Incentive Compensation Plan [Member] Scenario, Forecast [Member] Board of Directors Chairman [Member] Share-based Compensation Award, Tranche One [Member]	Jun. 02, 2014 Restricted Stock Grants And Long-Term Incentive Compensation Plan [Member] Scenario, Forecast [Member] Board of Directors Chairman [Member] Share-based Compensation Award, Subsequent Tranches [Member]	Dec. 31, 2015 Restricted Stock Grants And Long-Term Incentive Compensation Plan [Member] Scenario, Forecast [Member] President [Member]	Jul. 15, 2014 Restricted Stock Grants And Long-Term Incentive Compensation Plan [Member] Scenario, Forecast [Member] Chief Operating Officer [Member]	Jun. 30, 2014 Employee Stock Option [Member]	Jun. 30, 2014 Employee Stock Option [Member] Outgoing Chief Executive Officer [Member]	Jun. 30, 2014 Restricted Stock and Performance Awards [Member] Outgoing Chief Executive Officer [Member]	Sep. 30, 2014 Restricted Stock and Performance Awards [Member] Scenario, Forecast [Member] Outgoing Chief Executive Officer [Member]	May 12, 2014 Common Stock [Member] Chief Executive Officer [Member]	Jul. 15, 2014 Common Stock [Member] Scenario, Forecast [Member] Chief Operating Officer [Member]	May 12, 2014 General and Administrative Expense [Member] Chief Executive Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Based Compensation Arrangement By Share Based Payment Award, First Traunch of Shares to be Vested																																	7,095	7,083
Share-based Compensation Arrangement by Share-based Payment Award, Plan Modification, Description and Terms																											58,240
Share-based Compensation Arrangement by Share-based Payment Award, Options, Post-employment Exercise Period											3 months	6 months
Share-based Compensation Arrangement by Share-based Payment Award, Plan Modification, Incremental Compensation Cost																																						$ 232,000
Share-based compensation expense		1,980,000	3,165,000																																					1,500,000
Share-based Compensation Arrangement by Share-based Payment Award, Award Modification, Impact on Compensation Expense																																							1,700,000
Stock Granted, Value, Share-based Compensation, Gross																																			1,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Grant Calculation, Number of Trading Days																																			10 days
Officers' Compensation				850,000			750,000		400,000
Deferred Compensation Arrangement with Individual, Bonus Award, Percentage				100.00%				100.00%
Deferred Compensation Arrangement with Individual, Cash Award Granted, Amount						850,000
Deferred Compensation Arrangement with Individual, Bonus Award, Amount									300,000	300,000
Executive shares														800,000								923,000	[1]	857,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period																						149,000						68,956				255,000				5,000
Vest over period (in years)															4 years			4 years							0 years	4 years			3 years		3 years
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate																			24.30%																		39.80%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Minimum																			13.70%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Maximum																			28.60%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate																			1.30%																		2.00%
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options																			1,500,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value															$ 19.51							$ 18.09	[1]	$ 17.37						$ 0
Officers' Compensation, Signing Bonus																																											500,000
Grant date value, vested																						83,000
Total vesting-date value of shares vested in a period																						1,577,806
Total unrecognized compensation expense related to unvested and restricted share-based payment arrangements	$ 15,100,000	$ 15,100,000
Recognizable weighted-average period (in years)		2 years 9 months 11 days
Deferred Compensation Arrangement with Individual, Cash Awards Granted, Percentage									50.00%				50.00%
Deferred Compensation Arrangement with Individual, Bonus Award, Percentage Paid in Stock																												50.00%								50.00%
Deferred Compensation Arrangement with Individual, Requisite Service Period					12 months
Granted		200,000		200,000
Granted		$ 22.87		$ 22.87
Deferred Compensation Arrangement with Individual, Common Stock Reserved for Future Issuance																																									156,300	25,685
Deferred Compensation Arrangement with Individual, Target Shares																																									39,075
Share-based Compensation Arrangement by Share-based Payment Award, Terms of Award																0.25	0.25			0.25	0.25
Performance Metric, Number of Components															4
Share-based Compensation Arrangement by Share-based Payment Award, Performance Metric, Target Earnings Percentage, Option One																																									50.00%
Share-based Compensation Arrangement by Share-based Payment Award, Performance Metric, Target Earnings Percentage, Option Two																																									100.00%
Share-based Compensation Arrangement by Share-based Payment Award, Performance Metric, Target Earnings Percentage, Option Three																																									200.00%
Employee Stock Purchase Plan Discount	85.00%

[1] Does not include 800,000 shares of restricted stock awarded to certain executives which are subject to performance vesting conditions and are not entitled to vote or receive dividends during the performance period.

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Organization and Basis of Presentation (Details)	Jun. 30, 2014 sqft properties
Wholly Owned Properties [Member]
Real Estate Properties [Line Items]
Number of properties	135
Square feet of gross leasable area	14,600,000
Percentage occupancy	94.20%
Unconsolidated Properties [Member] | Joint Venture [Member]
Real Estate Properties [Line Items]
Square feet of gross leasable area	3,200,000
Retail Site [Member] | Wholly Owned Properties [Member]
Real Estate Properties [Line Items]
Number of properties	113
Retail Site [Member] | Unconsolidated Properties [Member] | Joint Venture [Member]
Real Estate Properties [Line Items]
Number of properties	18
Non-Retail Properties [Member] | Wholly Owned Properties [Member]
Real Estate Properties [Line Items]
Number of properties	6
Development Properties [Member] | Wholly Owned Properties [Member]
Real Estate Properties [Line Items]
Number of properties	11
Square feet of gross leasable area	1,800,000
Land Parcels [Member] | Wholly Owned Properties [Member]
Real Estate Properties [Line Items]
Number of properties	5
Office Buildings [Member] | Unconsolidated Properties [Member] | Joint Venture [Member]
Real Estate Properties [Line Items]
Number of properties	2

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Condensed Consolidating Financial Information

6 Months Ended

Jun. 30, 2014

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Consolidating Financial Information

Condensed Consolidating Financial Information

Many of our subsidiaries that are 100% owned, either directly or indirectly, have guaranteed our indebtedness under our unsecured senior notes and our term loan and revolving credit facilities. The guarantees are joint and several and full and unconditional. The following statements set forth consolidating financial information with respect to guarantors of our unsecured senior notes:

Condensed Consolidating Balance Sheet As of June 30, 2014	Equity One, Inc.		Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminating Entries			Consolidated
	(In thousands)
ASSETS
Properties, net	$	161,172	$	1,401,374	$	1,398,654	$	(80	)	$	2,961,120
Investment in affiliates	2,678,334		—		—		(2,678,334		)	—
Other assets	256,021		95,994		834,548		(794,118		)	392,445
TOTAL ASSETS	$	3,095,527	$	1,497,368	$	2,233,202	$	(3,472,532	)	$	3,353,565
LIABILITIES
Total notes payable	$	1,712,598	$	123,580	$	451,719	$	(760,600	)	$	1,527,297
Other liabilities	12,420		87,612		181,082		(33,598		)	247,516
TOTAL LIABILITIES	1,725,018		211,192		632,801		(794,198		)	1,774,813
REDEEMABLE NONCONTROLLING    INTERESTS	—		—		989		—			989
EQUITY	1,370,509		1,286,176		1,599,412		(2,678,334		)	1,577,763
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY	$	3,095,527	$	1,497,368	$	2,233,202	$	(3,472,532	)	$	3,353,565

Condensed Consolidating Balance Sheet As of December 31, 2013	Equity One, Inc.		Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminating Entries			Consolidated
	(In thousands)
ASSETS
Properties, net	$	178,797	$	1,424,571	$	1,313,598	$	(133	)	$	2,916,833
Investment in affiliates	2,680,043		—		—		(2,680,043		)	—
Other assets	229,761		92,916		918,026		(802,877		)	437,826
TOTAL ASSETS	$	3,088,601	$	1,517,487	$	2,231,624	$	(3,483,053	)	$	3,354,659
LIABILITIES
Total notes payable	$	1,670,438	$	131,217	$	467,354	$	(760,600	)	$	1,508,409
Other liabilities	22,979		90,894		170,872		(42,410		)	242,335
TOTAL LIABILITIES	1,693,417		222,111		638,226		(803,010		)	1,750,744
REDEEMABLE NONCONTROLLING    INTERESTS	—		—		989		—			989
EQUITY	1,395,184		1,295,376		1,592,409		(2,680,043		)	1,602,926
TOTAL LIABILITIES, REDEEMABLE    NONCONTROLLING INTERESTS    AND EQUITY	$	3,088,601	$	1,517,487	$	2,231,624	$	(3,483,053	)	$	3,354,659

Condensed Consolidating Statement of Comprehensive (Loss) Income for the three months ended June 30, 2014	Equity One, Inc.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminating Entries			Consolidated
	(In thousands)
Total revenue	$	6,133		$	43,391		$	37,919		$	—		$	87,443
Equity in subsidiaries' earnings	27,435			—			—			(27,435		)	—
Total costs and expenses	10,336			23,890			25,199			(274		)	59,151
INCOME BEFORE OTHER INCOME AND       EXPENSE, TAX AND DISCONTINUED       OPERATIONS	23,232			19,501			12,720			(27,161		)	28,292
Other income and (expense)	(25,725		)	(5,530		)	2,220			(243		)	(29,278		)
(LOSS) INCOME FROM CONTINUING       OPERATIONS BEFORE TAX AND       DISCONTINUED OPERATIONS	(2,493		)	13,971			14,940			(27,404		)	(986		)
Income tax benefit (provision) of taxable REIT    subsidiaries	—			26			(105		)	—			(79		)
(LOSS) INCOME FROM CONTINUING       OPERATIONS	(2,493		)	13,997			14,835			(27,404		)	(1,065		)
Income (loss) from discontinued operations	7			(53		)	68			1			23
Gain from sale of operating properties	8			1,125			8			—			1,141
NET (LOSS) INCOME	(2,478		)	15,069			14,911			(27,403		)	99
Other comprehensive loss	(2,278		)	—			(67		)	—			(2,345		)
COMPREHENSIVE (LOSS) INCOME	(4,756		)	15,069			14,844			(27,403		)	(2,246		)
Comprehensive income attributable to    noncontrolling interests	—			—			(2,510		)	—			(2,510		)
COMPREHENSIVE (LOSS) INCOME        ATTRIBUTABLE TO EQUITY ONE, INC.	$	(4,756	)	$	15,069		$	12,334		$	(27,403	)	$	(4,756	)

Condensed Consolidating Statement of Comprehensive Income for the three months ended June 30, 2013	Equity One, Inc.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminating Entries			Consolidated
	(In thousands)
Total revenue	$	6,626		$	41,687		$	33,423		$	—		$	81,736
Equity in subsidiaries' earnings	53,113			—			—			(53,113		)	—
Total costs and expenses	10,805			22,195			21,854			(143		)	54,711
INCOME BEFORE OTHER INCOME AND       EXPENSE, TAX AND DISCONTINUED       OPERATIONS	48,934			19,492			11,569			(52,970		)	27,025
Other income and (expense)	(16,532		)	(3,357		)	3,241			(225		)	(16,873		)
INCOME FROM CONTINUING OPERATIONS       BEFORE TAX AND DISCONTINUED       OPERATIONS	32,402			16,135			14,810			(53,195		)	10,152
Income tax benefit (provision) of taxable REIT    subsidiaries	—			30			(37		)	—			(7		)
INCOME FROM CONTINUING OPERATIONS	32,402			16,165			14,773			(53,195		)	10,145
Income from discontinued operations	1,364			24,465			84			119			26,032
NET INCOME	33,766			40,630			14,857			(53,076		)	36,177
Other comprehensive income	7,585			—			128			—			7,713
COMPREHENSIVE INCOME	41,351			40,630			14,985			(53,076		)	43,890
Comprehensive income attributable to    noncontrolling interests	—			—			(2,539		)	—			(2,539		)
COMPREHENSIVE INCOME ATTRIBUTABLE        TO EQUITY ONE, INC.	$	41,351		$	40,630		$	12,446		$	(53,076	)	$	41,351

Condensed Consolidating Statement of Comprehensive Income for the six months ended June 30, 2014	Equity One, Inc.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminating Entries			Consolidated
	(In thousands)
Total revenue	$	12,718		$	92,783		$	74,763		$	—		$	180,264
Equity in subsidiaries' earnings	78,277			—			—			(78,277		)	—
Total costs and expenses	23,445			48,201			46,959			(487		)	118,118
INCOME BEFORE OTHER INCOME AND       EXPENSE, TAX AND DISCONTINUED       OPERATIONS	67,550			44,582			27,804			(77,790		)	62,146
Other income and (expense)	(43,605		)	(7,283		)	16,943			(485		)	(34,430		)
INCOME FROM CONTINUING       OPERATIONS BEFORE TAX AND       DISCONTINUED OPERATIONS	23,945			37,299			44,747			(78,275		)	27,716
Income tax benefit (provision) of taxable REIT subsidiaries	—			7			(619		)	—			(612		)
INCOME FROM CONTINUING OPERATIONS	23,945			37,306			44,128			(78,275		)	27,104
Income from discontinued operations	7			3,057			17			6			3,087
(Loss) gain from sale of operating properties	(280		)	1,125			38			—			883
NET INCOME	23,672			41,488			44,183			(78,269		)	31,074
Other comprehensive loss	(3,023		)	—			(193		)	—			(3,216		)
COMPREHENSIVE INCOME	20,649			41,488			43,990			(78,269		)	27,858
Comprehensive income attributable to noncontrolling interests	—			—			(7,209		)	—			(7,209		)
COMPREHENSIVE INCOME ATTRIBUTABLE       TO EQUITY ONE, INC.	$	20,649		$	41,488		$	36,781		$	(78,269	)	$	20,649

Condensed Consolidating Statement of Comprehensive Income for the six months ended June 30, 2013	Equity One, Inc.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminating Entries			Consolidated
	(In thousands)
Total revenue	$	13,181		$	83,676		$	66,308		$	—		$	163,165
Equity in subsidiaries' earnings	96,236			—			—			(96,236		)	—
Total costs and expenses	21,436			45,366			40,406			(214		)	106,994
INCOME BEFORE OTHER INCOME AND       EXPENSE, TAX AND DISCONTINUED       OPERATIONS	87,981			38,310			25,902			(96,022		)	56,171
Other income and (expense)	(36,473		)	(3,623		)	8,470			(450		)	(32,076		)
INCOME FROM CONTINUING       OPERATIONS BEFORE TAX AND       DISCONTINUED OPERATIONS	51,508			34,687			34,372			(96,472		)	24,095
Income tax benefit (provision) of taxable REIT subsidiaries	—			70			(91		)	—			(21		)
INCOME FROM CONTINUING OPERATIONS	51,508			34,757			34,281			(96,472		)	24,074
Income from discontinued operations	6,933			32,131			24			306			39,394
NET INCOME	58,441			66,888			34,305			(96,166		)	63,468
Other comprehensive income	8,988			—			210			—			9,198
COMPREHENSIVE INCOME	67,429			66,888			34,515			(96,166		)	72,666
Comprehensive income attributable to noncontrolling interests	—			—			(5,237		)	—			(5,237		)
COMPREHENSIVE INCOME ATTRIBUTABLE       TO EQUITY ONE, INC.	$	67,429		$	66,888		$	29,278		$	(96,166	)	$	67,429

Condensed Consolidating Statement of Cash Flows for the six months ended June 30, 2014	Equity One, Inc.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidated
	(In thousands)
Net cash (used in) provided by operating activities	$	(55,029	)	$	60,484		$	65,163		$	70,618
INVESTING ACTIVITIES:
Acquisition of income producing properties	—			(350		)	(85,551		)	(85,901		)
Additions to income producing properties	(1,027		)	(3,690		)	(4,456		)	(9,173		)
Additions to construction in progress	(1,199		)	(25,147		)	(7,077		)	(33,423		)
Deposits for the acquisition of income producing properties	(425		)	—			—			(425		)
Proceeds from sale of real estate and rental properties	9,374			29,598			17,326			56,298
Decrease in cash held in escrow	(22,704		)	—			—			(22,704		)
Repayment of loans receivable	—			—			60,526			60,526
Increase in deferred leasing costs and lease intangibles	(259		)	(1,773		)	(725		)	(2,757		)
Investment in joint ventures	—			—			(289		)	(289		)
Repayments of advances to joint ventures	—			—			27			27
Distributions from joint ventures	—			—			16,232			16,232
Repayments from subsidiaries, net	80,644			(51,482		)	(29,162		)	—
Net cash provided by (used in) investing activities	64,404			(52,844		)	(33,149		)	(21,589		)
FINANCING ACTIVITIES:
Repayments of mortgage notes payable	—			(7,640		)	(24,324		)	(31,964		)
Net borrowings under revolving credit facilities	42,000			—			—			42,000
Proceeds from issuance of common stock	4,852			—			—			4,852
Repurchase of common stock	(205		)	—			—			(205		)
Dividends paid to stockholders	(52,289		)	—			—			(52,289		)
Purchase of noncontrolling interest	—			—			(763		)	(763		)
Distributions to noncontrolling interests	—			—			(6,927		)	(6,927		)
Net cash used in financing activities	(5,642		)	(7,640		)	(32,014		)	(45,296		)
Net increase in cash and cash equivalents	3,733			—			—			3,733
Cash and cash equivalents at beginning of the period	25,583			—			—			25,583
Cash and cash equivalents at end of the period	$	29,316		$	—		$	—		$	29,316

Condensed Consolidating Statement of Cash Flows for the six months ended June 30, 2013	Equity One, Inc.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidated
	(In thousands)
Net cash (used in) provided by operating activities	$	(37,326	)	$	52,387		$	46,457		$	61,518
INVESTING ACTIVITIES:
Acquisition of income producing properties	—			(37,000		)	—			(37,000		)
Additions to income producing properties	(850		)	(4,603		)	(1,660		)	(7,113		)
Additions to construction in progress	(371		)	(13,986		)	(3,401		)	(17,758		)
Deposits for the acquisition of income producing properties	(1,150		)	—			—			(1,150		)
Proceeds from sale of real estate and rental properties	49,131			118,363			5,528			173,022
Increase in cash held in escrow	(10,258		)	—			—			(10,258		)
Purchase of below market leasehold interest	—			(25,000		)	—			(25,000		)
Investment in loans receivable	—			—			(12,000		)	(12,000		)
Repayment of loans receivable	—			—			28,659			28,659
Increase in deferred leasing costs and lease intangibles	(627		)	(2,204		)	(1,696		)	(4,527		)
Investment in joint ventures	—			—			(4,266		)	(4,266		)
Advances to joint ventures	—			—			(143		)	(143		)
Distributions from joint ventures	—			—			1,595			1,595
Repayments from subsidiaries, net	94,653			(86,580		)	(8,073		)	—
Net cash provided by (used in) investing activities	130,528			(51,010		)	4,543			84,061
FINANCING ACTIVITIES:
Repayments of mortgage notes payable	(3,584		)	(1,377		)	(26,362		)	(31,323		)
Net repayments under revolving credit facilities	(47,000		)	—			—			(47,000		)
Payment of deferred financing costs	(6		)	—			—			(6		)
Proceeds from issuance of common stock	8,176			—			—			8,176
Repurchase of common stock	(348		)	—			—			(348		)
Stock issuance costs	(94		)	—			—			(94		)
Dividends paid to stockholders	(52,105		)	—			—			(52,105		)
Purchase of noncontrolling interests	—			—			(18,917		)	(18,917		)
Distributions to noncontrolling interests	—			—			(5,041		)	(5,041		)
Distributions to redeemable noncontrolling interests	—			—			(680		)	(680		)
Net cash used in financing activities	(94,961		)	(1,377		)	(51,000		)	(147,338		)
Net decrease in cash and cash equivalents	(1,759		)	—			—			(1,759		)
Cash and cash equivalents at beginning of the period	27,416			—			—			27,416
Cash and cash equivalents at end of the period	$	25,657		$	—		$	—		$	25,657

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Fair Value of Financial Instruments

6 Months Ended

Jun. 30, 2014

Fair Value Disclosures [Abstract]

Financial Instruments Disclosure [Text Block]

Fair Value of Financial Instruments

The estimated fair values of financial instruments have been determined by us using available market information and appropriate valuation methods. Considerable judgment is required in interpreting market data to develop the estimates of fair value. Accordingly, the estimates presented herein are not necessarily indicative of the amounts that we could realize in a current market exchange. The use of different market assumptions and/or estimation methods may have a material effect on the estimated fair value amounts. We have used the following market assumptions and/or estimation methods:

Cash and Cash Equivalents, Accounts and Other Receivables, Accounts Payable and Accrued Expenses and Unsecured Revolving Credit Facilities (classified within Levels 1, 2 and 3 of the valuation hierarchy) – The carrying amounts reported in the condensed consolidated balance sheets for these financial instruments approximate fair value because of their short maturities.

Loans Receivable (classified within Level 2 of the valuation hierarchy) – The carrying value of the loans receivable of $60.7 million as of December 31, 2013 approximated fair value due to their short maturities.

Mortgage Notes Payable (classified within Level 2 of the valuation hierarchy) – The fair value estimated as of June 30, 2014 and December 31, 2013 was approximately $447.3 million and $461.5 million, respectively, calculated based on the net present value of payments over the term of the loans using estimated market rates for similar mortgage loans and remaining terms. The carrying amount (principal and unaccreted premium) of these notes, including notes associated with properties held for sale, was $414.7 million and $438.0 million as of June 30, 2014 and December 31, 2013, respectively.

Unsecured Senior Notes Payable (classified within Level 2 of the valuation hierarchy) – The fair value estimated as of June 30, 2014 and December 31, 2013 was approximately $791.2 million and $762.6 million, respectively, calculated based on the net present value of payments over the terms of the notes using estimated market rates for similar notes and remaining terms. The carrying amount (principal net of unamortized discount) of these notes was $729.6 million and $729.4 million as of June 30, 2014 and December 31, 2013, respectively.

Term Loan (classified within Level 2 of the valuation hierarchy) – The fair value estimated as of June 30, 2014 and December 31, 2013 was approximately $258.8 million and $248.7 million, respectively, calculated based on the net present value of payments over the term of the loan using estimated market rates for similar notes and remaining terms. The carrying amount of this loan was $250.0 million as of both June 30, 2014 and December 31, 2013.

The fair market value calculations of our debt as of June 30, 2014 and December 31, 2013 include assumptions as to the effects that prevailing market conditions would have on existing secured or unsecured debt. The calculations use a market rate spread over the risk free interest rate. This spread is determined by using the remaining life to maturity coupled with loan-to-value considerations of the respective debt. Once determined, this market rate is used to discount the remaining debt service payments in an attempt to reflect the present value of this stream of cash flows. While the determination of the appropriate market rate is subjective in nature, recent market data gathered suggest that the composite rates used for mortgages, senior notes and term loans are consistent with current market trends.

Interest Rate Swap Agreements (classified within Level 2 of the valuation hierarchy) – As of June 30, 2014, the fair value of one of our interest rate swaps consisted of an asset of $810,000, which is included in other assets, and the fair value of the remaining interest rate swaps consisted of a liability of $921,000, which is included in accounts payable and accrued expenses in our condensed consolidated balance sheet. As of December 31, 2013, the fair value of our interest rate swaps was an asset of $2.9 million, which is included in other assets in our condensed consolidated balance sheets. See Note 18 above for a discussion of the method used to value the interest rate swaps.

Redeemable Noncontrolling Interests (classified within Level 3 of the valuation hierarchy) – The carrying amount of the redeemable noncontrolling interestswas $989,000 as of both June 30, 2014 and December 31, 2013, which approximates fair value as determined by discounted cash flow analyses.

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Income Taxes (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Income tax benefit (provision) of taxable REIT subsidiaries	$ (79,000)	$ (7,000)	$ (612,000)	$ (21,000)
Income tax expense of taxable REIT subsidiaries	0	779,000	0	860,000
Dim Vastgoed N V [Member]
Federal net operating loss carry forwards	4,800,000		4,800,000
State net operating loss carry forwards	2,200,000		2,200,000
Tax Credit Carryforward, Expiration Date			Dec. 31, 2027
I R T Capital Corporation [Member]
Federal net operating loss carry forwards	2,000,000		2,000,000
State net operating loss carry forwards	$ 1,600,000		$ 1,600,000
Tax Credit Carryforward, Expiration Date			Dec. 31, 2030

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Summary of Significant Accounting Policies (Narrative) (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Summary Of Significant Accounting Policies [Line Items]
Annual minimum rent, gross leasable area	$ 66,295,000	$ 60,949,000	$ 136,546,000	$ 121,336,000
Outstanding receivables	13,709,000		13,709,000		12,872,000
Credit Concentration Risk [Member] | Albertsons, Shaw's and Star Market [Member]
Summary Of Significant Accounting Policies [Line Items]
Square Feet/Acres	510,956		510,956
Largest tenant accounted gross leasable area, percentage of total area	3.20%		3.20%
Outstanding receivables	61,693		61,693
Annual Minimum Rent [Member] | Credit Concentration Risk [Member] | Albertsons, Shaw's and Star Market [Member]
Summary Of Significant Accounting Policies [Line Items]
Annual minimum rent, gross leasable area			$ 9,400,000
Percentage of annual minimum rent, gross leasable area			3.60%

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Subsequent Events

6 Months Ended

Jun. 30, 2014

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

Pursuant to the Subsequent Events Topic of the FASB ASC, we have evaluated subsequent events and transactions that occurred after our June 30, 2014 unaudited condensed consolidated balance sheet date for potential recognition or disclosure in our condensed consolidated financial statements and have included such events in the footnotes herein.

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Summary of Significant Accounting Policies (Policies)

6 Months Ended

Jun. 30, 2014

Accounting Policies [Abstract]

New Accounting Pronouncements, Policy [Policy Text Block]

Recent Accounting Pronouncements

In February 2013, the FASB issued Accounting Standards Update ("ASU") No. 2013-04, "Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation Is Fixed at the Reporting Date (a consensus of the FASB Emerging Issues Task Force)." ASU No. 2013-04 requires an entity to measure obligations resulting from joint and several liability arrangements for which the total amount of the obligation within the scope of this guidance is fixed at the reporting date, as the sum of the amount the reporting entity agreed to pay on the basis of its arrangement among its co-obligors and any additional amount the reporting entity expects to pay on behalf of its co-obligors. ASU No. 2013-04 also requires an entity to disclose the nature and amount of the obligation as well as other information about those obligations. ASU No. 2013-04 is effective for fiscal years, and interim periods within those years, after December 15, 2013. The adoption and implementation of this ASU did not have a material impact on our results of operations, financial condition or cash flows.

In July 2013, the FASB issued ASU No. 2013-11, "Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (a consensus of the FASB Emerging Issues Task Force)." ASU No. 2013-11 provides explicit guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists and is intended to eliminate diversity in practice. ASU No. 2013-11 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. The adoption and implementation of this ASU did not have a material impact on our results of operations, financial condition or cash flows.

In April 2014, the FASB issued ASU No. 2014-08, “Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity.” ASU No. 2014-08 amends the definition of discontinued operations by limiting discontinued operations reporting to disposals of components of an entity that represent strategic shifts that have (or will have) a major effect on an entity's operations and financial results. The amendments require expanded disclosures for discontinued operations that would provide users of financial statements with more information about the assets, liabilities, revenues, and expenses of discontinued operations and disclosure of the pretax profit or loss of individually significant components of an entity that do not qualify for discontinued operations reporting. ASU No. 2014-08 is to be applied prospectively to all disposals (or classifications as held for sale) of components of an entity and all businesses or nonprofit activities that, on acquisition, are classified as held for sale that occur within fiscal years, and interim periods within those years, beginning after December 15, 2014. We have elected to early adopt the provisions of ASU No. 2014-08 beginning January 1, 2014. The adoption and implementation of this ASU resulted in the operations of certain current period dispositions being classified within continuing operations in our condensed consolidated statements of operations. The adoption did not have an impact on our financial position or cash flows. The disclosures required by this ASU have been incorporated in the notes included herein.

In May 2014, the FASB issued ASU No. 2014-09, "Revenue from Contracts with Customers." ASU No. 2014-09 clarifies the principles for recognizing revenue and develops a common revenue standard for GAAP and International Financial Reporting Standards ("IFRS") that removes inconsistencies and weaknesses in revenue requirements, provides a more robust framework for addressing revenue issues, improves comparability of revenue recognition practices across entities, industries, jurisdictions, and capital markets, provides more useful information to users of financial statements through improved disclosure requirements and simplifies the preparation of financial statements by reducing the number of requirements to which an entity must refer. ASU No. 2014-09 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2016. Companies can choose to apply the ASU using either the full retrospective approach or a modified retrospective approach. We are currently evaluating both methods of adoption and the impact, if any, that the adoption of this ASU will have on our condensed consolidated financial statements.

In June 2014, the FASB issued ASU No. 2014-12, "Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period (a consensus of the FASB Emerging Issues Task Force)." ASU No. 2014-12 requires that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. ASU No. 2014-12 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2015. Earlier adoption is permitted. The amendments can be applied either prospectively to all awards granted or modified after the effective date or retrospectively to all awards with performance targets that are outstanding as of the beginning of the earliest annual period presented in the financial statements and to all new or modified awards. We expect to apply the ASU prospectively and do not expect the adoption to have an impact on our condensed consolidated financial statements as our existing share-based payment awards do not fall within the scope of this ASU.

Use of Estimates

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

Concentration of Credit Risk

Concentration of Credit Risk

A concentration of credit risk arises in our business when a national or regionally-based tenant occupies a substantial amount of space in multiple properties owned by us. In that event, if the tenant suffers a significant downturn in its business, it may become unable to make its contractual rent payments to us, exposing us to potential losses in rental revenue, expense recoveries, and percentage rent. Further, the impact may be magnified if the tenant is renting space in multiple locations. Generally, we do not obtain security from our national or regionally-based tenants in support of their lease obligations to us. We regularly monitor our tenant base to assess potential concentrations of credit risk. As of June 30, 2014, our largest tenant is comprised of a related group of grocers, which includes Albertsons, Shaw's, and Star Market and accounted for approximately 510,956 square feet, or approximately 3.2%, of our GLA and approximately $9.4 million, or 3.6%, of our annual minimum rent. As of June 30, 2014, we had outstanding receivables from Albertsons, Shaw's, and Star Market of approximately $62,000.

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Condensed Consolidated Statements of Cash Flows (USD $)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
OPERATING ACTIVITIES:
Net income	$ 31,074,000	$ 63,468,000
Adjustments to reconcile net income to net cash provided by operating activities:
Straight line rent adjustment	(1,739,000)	(961,000)
Accretion of below market lease intangibles, net	(11,881,000)	(6,140,000)
Amortization of below market ground lease intangibles	298,000	298,000
Equity in income of unconsolidated joint ventures	(9,529,000)	(1,050,000)
Gain on change in control of interests	(2,807,000)	0
Income tax provision of taxable REIT subsidiaries	612,000	881,000
(Decrease) increase in allowance for losses on accounts receivable	(675,000)	1,453,000
Amortization of premium on notes payable, net	(1,262,000)	(1,331,000)
Amortization of deferred financing fees	(1,200,000)	(1,209,000)
Depreciation and amortization	54,908,000	48,427,000
Share-based compensation expense	1,980,000	3,165,000
Amortization of derivatives	31,000	31,000
Gain on sale of real estate	(4,035,000)	(36,859,000)
(Gain) loss on extinguishment of debt	(1,074,000)	575,000
Operating distributions from joint ventures	0	111,000
Impairment loss	(13,892,000)	(2,790,000)
Changes in assets and liabilities, net of effects of acquisitions and disposals:
Accounts and other receivables	(3,000)	(1,553,000)
Other assets	(4,684,000)	(6,972,000)
Accounts payable and accrued expenses	5,098,000	(1,883,000)
Tenant security deposits	(45,000)	(352,000)
Other liabilities	(741,000)	(3,789,000)
Net cash provided by operating activities	70,618,000	61,518,000
INVESTING ACTIVITIES:
Acquisition of income producing properties	(85,901,000)	(37,000,000)
Additions to income producing properties	(9,173,000)	(7,113,000)
Additions to construction in progress	(33,423,000)	(17,758,000)
Deposits for the acquisition of income producing properties	(425,000)	(1,150,000)
Proceeds from sale of real estate and rental properties	56,298,000	173,022,000
Increase in cash held in escrow	(22,704,000)	(10,258,000)
Purchase of Below Market Leasehold Interest	0	25,000,000
Increase in deferred leasing costs and lease intangibles	(2,757,000)	(4,527,000)
Investment in joint ventures	(289,000)	(4,266,000)
Repayments of (advances to) joint ventures	27,000	(143,000)
Distributions from joint ventures	16,232,000	1,595,000
Investment in loans receivable		(12,000,000)
Repayment of loans receivable	60,526,000	28,659,000
Net cash (used in) provided by investing activities	(21,589,000)	84,061,000
FINANCING ACTIVITIES:
Repayments of mortgage notes payable	(31,964,000)	(31,323,000)
Net borrowings (repayments) under revolving credit facilities	42,000,000	(47,000,000)
Proceeds from issuance of common stock	4,852,000	8,176,000
Repurchase of common stock	(205,000)	(348,000)
Payment of deferred financing costs	0	(6,000)
Stock issuance costs	0	(94,000)
Dividends paid to stockholders	(52,289,000)	(52,105,000)
Purchase of noncontrolling interest	(763,000)	(18,917,000)
Distributions to redeemable noncontrolling interests	0	(680,000)
Distributions to noncontrolling interests	(6,927,000)	(5,041,000)
Net cash used in financing activities	(45,296,000)	(147,338,000)
Net increase (decrease) in cash and cash equivalents	3,733,000	(1,759,000)
Cash and cash equivalents at beginning of the period	25,583,000	27,416,000
Cash and cash equivalents at end of the period	29,316,000	25,657,000
SUPPLEMENTAL DISCLOSURE OF CASH FLOW AND NON-CASH INFORMATION:
Cash paid for interest (net of capitalized interest of $2,172 and $1,646 in 2014 and 2013, respectively)	34,718,000	36,891,000
We acquired upon acquisition of certain income producing properties:
Income producing properties	(102,288,000)	38,418,000
Intangible and other assets	(7,625,000)	5,967,000
Intangible and other liabilities	(12,589,000)	(7,385,000)
Assumption of mortgage notes payable	(11,423,000)
Cash paid for income producing properties	85,901,000	37,000,000
Non-cash investing information:
Investment in loan receivable	0	8,500,000
Guarantor Subsidiaries [Member]
OPERATING ACTIVITIES:
Net income	41,488,000	66,888,000
Adjustments to reconcile net income to net cash provided by operating activities:
Gain on sale of real estate	(1,125,000)
Changes in assets and liabilities, net of effects of acquisitions and disposals:
Net cash provided by operating activities	60,484,000	52,387,000
INVESTING ACTIVITIES:
Acquisition of income producing properties	(350,000)
Additions to income producing properties	(3,690,000)	(4,603,000)
Additions to construction in progress	(25,147,000)	(13,986,000)
Deposits for the acquisition of income producing properties	0	0
Proceeds from sale of real estate and rental properties	29,598,000	118,363,000
Increase in cash held in escrow
Purchase of Below Market Leasehold Interest		25,000,000
Increase in deferred leasing costs and lease intangibles	(1,773,000)	(2,204,000)
Investment in joint ventures
Repayments of (advances to) joint ventures
Distributions from joint ventures
Investment in loans receivable
Repayment of loans receivable
Net cash (used in) provided by investing activities	(52,844,000)	(51,010,000)
FINANCING ACTIVITIES:
Repayments of mortgage notes payable	(7,640,000)	(1,377,000)
Net borrowings (repayments) under revolving credit facilities
Proceeds from issuance of common stock	0
Repurchase of common stock	0	0
Payment of deferred financing costs
Stock issuance costs
Dividends paid to stockholders	0
Purchase of noncontrolling interest
Distributions to redeemable noncontrolling interests
Distributions to noncontrolling interests
Net cash used in financing activities	(7,640,000)	(1,377,000)
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of the period
Cash and cash equivalents at end of the period
We acquired upon acquisition of certain income producing properties:
Cash paid for income producing properties		37,000,000
Non-Guarantor Subsidiaries [Member]
OPERATING ACTIVITIES:
Net income	44,183,000	34,305,000
Adjustments to reconcile net income to net cash provided by operating activities:
Gain on sale of real estate	(38,000)
Changes in assets and liabilities, net of effects of acquisitions and disposals:
Net cash provided by operating activities	65,163,000	46,457,000
INVESTING ACTIVITIES:
Acquisition of income producing properties	(85,551,000)
Additions to income producing properties	(4,456,000)	(1,660,000)
Additions to construction in progress	(7,077,000)	(3,401,000)
Deposits for the acquisition of income producing properties	0	0
Proceeds from sale of real estate and rental properties	17,326,000	5,528,000
Increase in cash held in escrow
Purchase of Below Market Leasehold Interest
Increase in deferred leasing costs and lease intangibles	(725,000)	(1,696,000)
Investment in joint ventures	(289,000)	(4,266,000)
Repayments of (advances to) joint ventures		(143,000)
Distributions from joint ventures	16,232,000	1,595,000
Investment in loans receivable		(12,000,000)
Repayment of loans receivable	60,526,000	28,659,000
Net cash (used in) provided by investing activities	(33,149,000)	4,543,000
FINANCING ACTIVITIES:
Repayments of mortgage notes payable	(24,324,000)	(26,362,000)
Net borrowings (repayments) under revolving credit facilities	0
Proceeds from issuance of common stock	0
Repurchase of common stock	0	0
Payment of deferred financing costs
Stock issuance costs
Dividends paid to stockholders	0
Purchase of noncontrolling interest	(763,000)	(18,917,000)
Distributions to redeemable noncontrolling interests		(680,000)
Distributions to noncontrolling interests	(6,927,000)	(5,041,000)
Net cash used in financing activities	(32,014,000)	(51,000,000)
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of the period
Cash and cash equivalents at end of the period
We acquired upon acquisition of certain income producing properties:
Cash paid for income producing properties
Consolidated Entities [Member]
OPERATING ACTIVITIES:
Net income	31,074,000	63,468,000
Adjustments to reconcile net income to net cash provided by operating activities:
Gain on sale of real estate	(883,000)
Changes in assets and liabilities, net of effects of acquisitions and disposals:
Net cash provided by operating activities	70,618,000	61,518,000
INVESTING ACTIVITIES:
Acquisition of income producing properties	(85,901,000)
Additions to income producing properties	(9,173,000)	(7,113,000)
Additions to construction in progress	(33,423,000)	(17,758,000)
Deposits for the acquisition of income producing properties	(425,000)	(1,150,000)
Proceeds from sale of real estate and rental properties	56,298,000	173,022,000
Increase in cash held in escrow	(22,704,000)	(10,258,000)
Purchase of Below Market Leasehold Interest		25,000,000
Increase in deferred leasing costs and lease intangibles	(2,757,000)	(4,527,000)
Investment in joint ventures	(289,000)	(4,266,000)
Repayments of (advances to) joint ventures		(143,000)
Distributions from joint ventures	16,232,000	1,595,000
Investment in loans receivable		(12,000,000)
Repayment of loans receivable	60,526,000	28,659,000
Net cash (used in) provided by investing activities	(21,589,000)	84,061,000
FINANCING ACTIVITIES:
Repayments of mortgage notes payable	(31,964,000)	(31,323,000)
Net borrowings (repayments) under revolving credit facilities	42,000,000	(47,000,000)
Proceeds from issuance of common stock	4,852,000	8,176,000
Repurchase of common stock	(205,000)	(348,000)
Payment of deferred financing costs		(6,000)
Stock issuance costs		(94,000)
Dividends paid to stockholders	(52,289,000)	(52,105,000)
Purchase of noncontrolling interest	(763,000)	(18,917,000)
Distributions to redeemable noncontrolling interests		(680,000)
Distributions to noncontrolling interests	(6,927,000)	(5,041,000)
Net cash used in financing activities	(45,296,000)	(147,338,000)
Net increase (decrease) in cash and cash equivalents	3,733,000	(1,759,000)
Cash and cash equivalents at beginning of the period	25,583,000	27,416,000
Cash and cash equivalents at end of the period	29,316,000
We acquired upon acquisition of certain income producing properties:
Cash paid for income producing properties		$ 37,000,000

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Acquisitions (Tables)

6 Months Ended

Jun. 30, 2014

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

The aggregate purchase price of the above property acquisitions have been preliminarily allocated as follows:

	Amount			Weighted Average Amortization Period
	(In thousands)			(In years)
Land	$	86,911		N/A
Land improvements	2,209			9.4
Buildings	17,670			33.2
Tenant improvements	1,160			5.5
Above-market leases	1,315			5.4
In-place lease interests	5,424			10.7
Lease origination costs	97			6.9
Leasing commissions	789			21.5
Below-market leases	(12,040		)	19.5
Above-market debt assumed	(70		)	7.8
Other acquired liabilities	(103		)	N/A
	$	103,362

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Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2014

Segment Reporting [Abstract]

Financial Information Relating to Operations Presented by Segments

The following table sets forth the financial information relating to our continuing operations presented by segments and includes a reconciliation of NOI to (loss) income from continuing operations before tax and discontinued operations, the most directly comparable GAAP financial measure:

	Three Months Ended June 30,					Six Months Ended June 30,
	2014			2013		2014		2013
	(In thousands)
Revenue:
South Florida	$	22,765		$	23,296	$	46,270	$	46,337
North Florida	9,416			9,390		19,124		18,983
Southeast	8,857			9,491		18,385		18,882
Northeast	20,750			18,248		42,349		36,322
West Coast	19,414			17,011		37,697		33,950
Non-retail	906			394		1,832		660
Total segment revenue	82,108			77,830		165,657		155,134
Add:
Straight line rent adjustment	1,076			211		1,738		722
Accretion of below market lease intangibles, net	3,675			3,211		11,656		6,411
Management and leasing services	584			484		1,213		898
Total revenue	$	87,443		$	81,736	$	180,264	$	163,165
Net operating income (NOI):
South Florida	$	15,697		$	15,520	$	32,256	$	31,353
North Florida	6,588			6,482		13,463		12,646
Southeast (1)	6,000			6,588		13,787		13,273
Northeast	14,723			12,875		29,205		25,584
West Coast	12,982			11,288		25,523		22,794
Non-retail	751			241		1,510		399
Total NOI	56,741			52,994		115,744		106,049
Add:
Straight line rent adjustment	1,076			211		1,738		722
Accretion of below market lease intangibles, net	3,675			3,211		11,656		6,411
Management and leasing services	584			484		1,213		898
Elimination of intersegment expenses	2,754			2,595		5,514		5,188
Investment income	28			2,209		199		4,413
Equity in income of unconsolidated joint ventures	1,268			615		9,529		1,050
Gain on extinguishment of debt	—			107		1,074		107
Other income	5			162		2,846		162
Less:
Depreciation and amortization expense	27,666			22,797		53,933		44,530
General and administrative expense	8,872			9,673		19,786		18,567
Interest expense	16,086			16,701		32,986		33,937
Amortization of deferred financing fees	601			603		1,200		1,209
Impairment loss	13,892			2,662		13,892		2,662
(Loss) income from continuing operations before tax and    discontinued operations	$	(986	)	$	10,152	$	27,716	$	24,095

⁽¹⁾ Included in NOI for the Southeast region for the six months endedJune 30, 2014 is the reversal of $1.1 million in our allowance for doubtful accounts for certain historical real estate tax billings for which a settlement was reached with the tenants.

Financial Information Relating to Assets Presented by Segments

The following is a summary by segment of total assets included in the condensed consolidated balance sheets:

	June 30, 2014		December 31, 2013
	(In thousands)
Assets:
South Florida	$	650,820	$	690,328
North Florida	280,477		318,375
Southeast	274,356		305,013
Northeast	1,069,576		974,444
West Coast	854,829		833,890
Non-retail	60,150		61,273
Corporate assets	110,195		157,932
Properties held for sale	53,162		13,404
Total assets	$	3,353,565	$	3,354,659

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Other Assets (Composition of Other Assets) (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Total other assets	$ 227,314	$ 229,599
Other Assets [Member]
Lease intangible assets, net	113,125	117,200
Leasing commissions, net	38,222	38,296
Prepaid expenses and other receivables	30,283	26,763
Straight-line rent receivables, net	22,648	21,490
Deferred financing costs, net	7,147	8,347
Deposits and mortgage escrows	8,652	7,763
Furniture, fixtures and equipment, net	4,030	4,406
Fair value of interest rate swaps	810	2,944
Deferred tax asset	2,397	2,390
Total other assets	$ 227,314	$ 229,599

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Fair Value of Financial Instruments (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Term loan	$ 250,000,000	$ 250,000,000
Derivative Asset, Number of Instruments Held	1
Redeemable noncontrolling interests	989,000	989,000
Mortgage Loans on Real Estate, Carrying Amount of Mortgages	414,700,000	438,000,000
Interest Rate Swap [Member] | Other Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of interest rate swaps	810,000	2,900,000
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure		60,700,000
Loans Payable, Fair Value Disclosure	258,800,000	248,700,000
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Redeemable Noncontrolling Interest, Equity, Fair Value	989,000	989,000
Mortgage Loans on Real Estate [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes Payable, Fair Value Disclosure	447,300,000	461,500,000
Unsecured Debt [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes Payable, Fair Value Disclosure	791,200,000	762,600,000
Fair Value, Measurements, Recurring [Member] | Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of interest rate swaps	810,000	2,944,000
Derivative Instruments in Hedges, Liabilities, at Fair Value	921,000
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of interest rate swaps	810,000	2,944,000
Derivative Instruments in Hedges, Liabilities, at Fair Value	921,000
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of interest rate swaps	0	0
Derivative Instruments in Hedges, Liabilities, at Fair Value	0
Unsecured Debt [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior Notes	$ 729,600,000	$ 729,400,000

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Condensed Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014		Dec. 31, 2013
ASSETS
Income producing	$ 3,097,700		$ 3,153,131
Less: accumulated depreciation	(359,658)		(354,166)
Income producing properties, net	2,738,042		2,798,965
Construction in progress and land held for development	169,916		104,464
Properties held for sale	53,162		13,404
Properties, net	2,961,120		2,916,833
Cash and cash equivalents	29,316		25,583
Cash held in escrow and restricted cash	33,616		10,912
Accounts and other receivables, net	13,709		12,872
Investments in and advances to unconsolidated joint ventures	82,310	[1]	91,772	[1]
Loans receivable, net	0		60,711
Goodwill	6,180		6,377
Other assets	227,314		229,599
TOTAL ASSETS	3,353,565		3,354,659
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
Mortgage notes payable	408,554		430,155
Unsecured senior notes payable	731,136		731,136
Term loan	250,000		250,000
Unsecured revolving credit facilities	133,000		91,000
Total notes payable, Gross	1,522,690		1,502,291
Unamortized premium on notes payable, net	4,607		6,118
Total notes payable	1,527,297		1,508,409
Other liabilities:
Accounts payable and accrued expenses	51,107		44,227
Tenant security deposits	8,602		8,928
Deferred tax liability	12,382		11,764
Other liabilities	175,144		177,383
Liabilities associated with properties held for sale	281		33
Total liabilities	1,774,813		1,750,744
Redeemable noncontrolling interests	989		989
Commitments and contingencies	0		0
Stockholders' equity:
Preferred stock, $0.01 par value – 10,000 shares authorized but unissued	0		0
Common stock, $0.01 par value – 150,000 shares authorized, 117,997 and 117,647 shares issued and outstanding at June 30, 2014 and December 31, 2013, respectively	1,180		1,176
Additional paid-in capital	1,700,834		1,693,873
Distributions in excess of earnings	(330,834)		(302,410)
Accumulated other comprehensive (loss) income	(672)		2,544
Total stockholders’ equity of Equity One, Inc.	1,370,508		1,395,183
Noncontrolling interests	207,255		207,743
Total equity	1,577,763		1,602,926
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY	$ 3,353,565		$ 3,354,659

[1] All unconsolidated joint ventures are accounted for under the equity method except for the Madison 2260 Realty LLC and Madison 1235 Realty LLC joint ventures, which are accounted for under the cost method.

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Acquisitions (Narrative) (Details) (USD $)

3 Months Ended

6 Months Ended

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Business Acquisition [Line Items]

Business Combination, Acquisition Related Costs

$ 100,000

$ 617,000

$ 1,500,000

$ 718,000

Property, Plant and Equipment, Schedule of Significant Acquisitions and Disposals [Table Text Block]

The following table provides a summary of acquisition activity during the six months endedJune 30, 2014:

Date Purchased	Property Name	City	State	Square Feet/Acres		Purchase Price		Mortgage Assumed
						(In thousands)
January 31, 2014	Williamsburg at Dunwoody -      Outparcel (2)	Dunwoody	GA	0.14	(1)	$	350	$	—
January 23, 2014	Talega Village Center (2) (3)	San Clemente	CA	102,282		23,000		11,353
January 16, 2014	Westwood Shopping      Center	Bethesda	MD	101,584		65,012		—
January 16, 2014	Westwood Center II (2)	Bethesda	MD	53,293		15,000		—
Total						$	103,362	$	11,353

^{______________________________________________} 

⁽¹⁾ In acres.

⁽²⁾ The purchase price has been preliminarily allocated to real estate assets acquired and liabilities assumed, as applicable, in accordance with our accounting policies for business combinations. The purchase price and related accounting will be finalized after our valuation studies are complete.

⁽³⁾ Property was acquired through the acquisition of our joint venture partners' interests in the property. See Note 5 for further discussion.

Maximum [Member]

Business Acquisition [Line Items]

Like-kind exchange agreement days, maximum

180 days

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Condensed Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) (USD $) In Thousands, unless otherwise specified	3 Months Ended				6 Months Ended
	Jun. 30, 2014		Jun. 30, 2013		Jun. 30, 2014		Jun. 30, 2013
Net unrealized (loss) gain on interest rate swaps (1)	$ (3,226)	[1]	$ 6,813	[1]	$ (4,955)	[1]	$ 7,363	[1]
Equity Method Investee [Member]
Net unrealized (loss) gain on interest rate swaps (1)	$ (101)		$ 43		$ (262)		$ 0

[1] This amount includes our share of our unconsolidated joint ventures' net unrealized (losses) gains of $(101) and $(262) for the three and six months ended June 30, 2014, respectively, and $43 and $0 for the same periods during 2013, respectivel

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Earnings Per Share (Narrative) (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Equity Option [Member]
Schedule of Equity Method Investments [Line Items]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Lower Range Limit	$ 11.59	$ 24.45	$ 22.78	$ 24.12
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Upper Range Limit	$ 26.66	$ 26.66	$ 26.66	$ 26.66
Earnings Per Share:
Common stock not included in the calculation of EPS, shares	2,900,000	900,000	1,600,000	1,400,000
Class A Joint Venture Shares [Member]
Earnings Per Share:
Common stock not included in the calculation of EPS, shares	11,400,000	11,400,000	11,400,000	11,400,000
Joint ventures shares, conversion to one share of company common stock	1		1

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Other Assets (Tables)

6 Months Ended

Jun. 30, 2014

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Composition of Other Assets

The following is a summary of the composition of the other assets in the condensed consolidated balance sheets:

	June 30, 2014		December 31, 2013
	(In thousands)
Lease intangible assets, net	$	113,125	$	117,200
Leasing commissions, net	38,222		38,296
Prepaid expenses and other receivables	30,283		26,763
Straight-line rent receivables, net	22,648		21,490
Deferred financing costs, net	7,147		8,347
Deposits and mortgage escrows	8,652		7,763
Furniture, fixtures and equipment, net	4,030		4,406
Fair value of interest rate swaps	810		2,944
Deferred tax asset	2,397		2,390
Total other assets	$	227,314	$	229,599

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Share-Based Payments (Summary of Share-Based Compensation Expense) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Restricted stock expense	$ 20	$ 1,490	$ 1,776	$ 3,031
Stock option expense	322	110	401	253
Employee stock purchase plan discount	9	6	17	9
Total equity-based expense	351	1,606	2,194	3,293
Deferred Compensation Share-based Arrangements, Liability	26	39	131	39
Total expense	377	1,645	2,325	3,332
Less amount capitalized	(164)	(80)	(345)	(167)
Net share-based compensation expense	$ 213	$ 1,565	$ 1,980	$ 3,165

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Earnings Per Share

6 Months Ended

Jun. 30, 2014

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

The following summarizes the calculation of basic EPS and provides a reconciliation of the amounts of net (loss) income available to common stockholders and shares of common stock used in calculating basic EPS:

	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
	(In thousands, except per share amounts)
(Loss) income from continuing operations	$	(1,065	)	$	10,145		$	27,104		$	24,074
Gain on sale of operating properties	1,141			—			883			—
Net income attributable to noncontrolling interests - continuing operations	(2,511		)	(2,511		)	(7,212		)	(5,204		)
(Loss) income from continuing operations attributable to Equity One, Inc.	(2,435		)	7,634			20,775			18,870
Allocation of continuing income to participating securities	(224		)	(63		)	(438		)	(306		)
(Loss) income from continuing operations available to common stockholders	(2,659		)	7,571			20,337			18,564
Income from discontinued operations	23			26,032			3,087			39,394
Net loss (income) attributable to noncontrolling interests - discontinued    operations	1			(28		)	3			(33		)
Income from discontinued operations attributable to Equity One, Inc.	24			26,004			3,090			39,361
Allocation of income from discontinued operations to participating securities	—			(230		)	—			(356		)
Income from discontinued operations available to common stockholders	24			25,774			3,090			39,005
Net (loss) income available to common stockholders	$	(2,635	)	$	33,345		$	23,427		$	57,569
Weighted average shares outstanding — Basic	117,813			117,385			117,744			117,209
Basic (loss) earnings per share available to common stockholders:
Continuing operations	$	(0.02	)	$	0.06		$	0.17		$	0.16
Discontinued operations	—			0.22			0.03			0.33
(Loss) earnings per common share — Basic	$	(0.02	)	$	0.28		$	0.20		$	0.49

The following summarizes the calculation of diluted EPS and provides a reconciliation of the amounts of net (loss) income available to common stockholders and shares of common stock used in calculating diluted EPS:

	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
	(In thousands, except per share amounts)
(Loss) income from continuing operations	$	(1,065	)	$	10,145		$	27,104		$	24,074
Gain on sale of operating properties	1,141			—			883			—
Net income attributable to noncontrolling interests - continuing operations	(2,511		)	(2,511		)	(7,212		)	(5,204		)
(Loss) income from continuing operations attributable to Equity One, Inc.	(2,435		)	7,634			20,775			18,870
Allocation of continuing income to participating securities	(224		)	(64		)	(438		)	(308		)
(Loss) income from continuing operations available to common stockholders	(2,659		)	7,570			20,337			18,562
Income from discontinued operations	23			26,032			3,087			39,394
Net loss (income) attributable to noncontrolling interests - discontinued    operations	1			(28		)	3			(33		)
Income from discontinued operations attributable to Equity One, Inc.	24			26,004			3,090			39,361
Allocation of income from discontinued operations to participating securities	—			(229		)	—			(354		)
Income from discontinued operations available to common stockholders	24			25,775			3,090			39,007
Net (loss) income available to common stockholders	$	(2,635	)	$	33,345		$	23,427		$	57,569
Weighted average shares outstanding — Basic	117,813			117,385			117,744			117,209
Stock options using the treasury method	—			364			205			326
Non-participating restricted stock using the treasury method	—			—			6			—
Executive Incentive Plan shares using the treasury method	—			—			26			—
Weighted average shares outstanding — Diluted	117,813			117,749			117,981			117,535
Diluted (loss) earnings per share available to common stockholders:
Continuing operations	$	(0.02	)	$	0.06		$	0.17		$	0.16
Discontinued operations	—			0.22			0.03			0.33
(Loss) earnings per common share — Diluted	$	(0.02	)	$	0.28		$	0.20		$	0.49

The computation of diluted EPS for the three months ended June 30, 2014 did not include 2.9 million shares of common stock, issuable upon the exercise of outstanding options, at prices ranging from $11.59 to $26.66 as the effect would be anti-dilutive. The computation of diluted EPS for the six months endedJune 30, 2014 did not include 1.6 million shares of common stock, issuable upon the exercise of outstanding options, at prices ranging from $22.78 to $26.66, because the option prices were greater than the average market prices of our common shares during the period. The computation of diluted EPS for the three and six months endedJune 30, 2013 did not include 945,000 and 1.4 million shares of common stock, respectively, issuable upon the exercise of outstanding options, at prices ranging from $24.45 to $26.66 and $24.12 to $26.66, respectively, because the option prices were greater than the average market prices of our common shares during these respective periods.

The computation of diluted EPS for both the three and six months endedJune 30, 2014 and 2013 did not include the 11.4 million joint venture units held by Liberty International Holdings Limited ("LIH"), which are redeemable by LIH for cash or, solely at our option, shares of our common stock on a one-for-one basis, subject to certain adjustments. These convertible units were not included in the diluted weighted average share count because their inclusion is anti-dilutive.

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Other Liabilities (Tables)

6 Months Ended

Jun. 30, 2014

Other Liabilities Disclosure [Abstract]

Composition of Other Liabilities

The following is a summary of the composition of other liabilities in the condensed consolidated balance sheets:

	June 30, 2014		December 31, 2013
	(In thousands)
Lease intangible liabilities, net	$	166,196	$	167,777
Prepaid rent	8,406		9,450
Other	542		156
Total other liabilities	$	175,144	$	177,383

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Segment Reporting

6 Months Ended

Jun. 30, 2014

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

We review operating and financial data for each property on an individual basis; therefore each of our individual properties is a separate operating segment. We have aggregated our operating segments in six reportable segments based primarily upon our method of internal reporting which classifies our operations by geographical area. Our reportable segments by geographical area are as follows: (1) South Florida – including Miami-Dade, Broward and Palm Beach Counties; (2) North Florida – including all of Florida north of Palm Beach County; (3) Southeast – including Georgia, Louisiana, North Carolina and Virginia; (4) Northeast – including Connecticut, Maryland, Massachusetts and New York; (5) West Coast – California; and (6) Non-retail – which is comprised of our non-retail assets.

We assess a segment’s performance based on net operating income (“NOI”). NOI excludes interest and other income, acquisition costs, general and administrative expenses, interest expense, depreciation and amortization expense, gain (loss) on sale of real estate, gain (loss) on extinguishment of debt, equity in income of unconsolidated joint ventures, income tax provision from taxable REIT subsidiaries, amortization of deferred financing fees, impairments, and income attributable to noncontrolling interests. NOI is a non-GAAP financial measure. The most directly comparable GAAP financial measure is (loss) income from continuing operations before tax and discontinued operations, which, to calculate NOI, is adjusted to add back depreciation and amortization, general and administrative expense, interest expense, amortization of deferred financing fees and impairments, and to exclude straight line rent adjustments, accretion of below market lease intangibles (net), revenue earned from management and leasing services, investment income, equity in income of unconsolidated joint ventures, gain (loss) on extinguishment of debt and other income. NOI includes management fee expense recorded at each operating segment based on a percentage of revenue which is eliminated in consolidation. We use NOI internally as a performance measure and believe NOI provides useful information to investors regarding our financial condition and results of operations because it reflects only those income and expense items that are incurred at the property level. Therefore, we believe NOI is a useful measure for evaluating the operating performance of our real estate assets. NOI presented by us may not be comparable to NOI reported by other REITs that define NOI differently. We believe that in order to facilitate a clear understanding of our operating results, NOI should be examined in conjunction with (loss) income from continuing operations before tax and discontinued operations as presented in our condensed consolidated financial statements. NOI should not be considered as an alternative to net income attributable to Equity One as an indication of our performance or to cash flows as a measure of liquidity or our ability to make distributions. We consider NOI to be an appropriate supplemental measure to net income because it helps both investors and management understand the core operations of our properties.

The following table sets forth the financial information relating to our continuing operations presented by segments and includes a reconciliation of NOI to (loss) income from continuing operations before tax and discontinued operations, the most directly comparable GAAP financial measure:

	Three Months Ended June 30,					Six Months Ended June 30,
	2014			2013		2014		2013
	(In thousands)
Revenue:
South Florida	$	22,765		$	23,296	$	46,270	$	46,337
North Florida	9,416			9,390		19,124		18,983
Southeast	8,857			9,491		18,385		18,882
Northeast	20,750			18,248		42,349		36,322
West Coast	19,414			17,011		37,697		33,950
Non-retail	906			394		1,832		660
Total segment revenue	82,108			77,830		165,657		155,134
Add:
Straight line rent adjustment	1,076			211		1,738		722
Accretion of below market lease intangibles, net	3,675			3,211		11,656		6,411
Management and leasing services	584			484		1,213		898
Total revenue	$	87,443		$	81,736	$	180,264	$	163,165
Net operating income (NOI):
South Florida	$	15,697		$	15,520	$	32,256	$	31,353
North Florida	6,588			6,482		13,463		12,646
Southeast (1)	6,000			6,588		13,787		13,273
Northeast	14,723			12,875		29,205		25,584
West Coast	12,982			11,288		25,523		22,794
Non-retail	751			241		1,510		399
Total NOI	56,741			52,994		115,744		106,049
Add:
Straight line rent adjustment	1,076			211		1,738		722
Accretion of below market lease intangibles, net	3,675			3,211		11,656		6,411
Management and leasing services	584			484		1,213		898
Elimination of intersegment expenses	2,754			2,595		5,514		5,188
Investment income	28			2,209		199		4,413
Equity in income of unconsolidated joint ventures	1,268			615		9,529		1,050
Gain on extinguishment of debt	—			107		1,074		107
Other income	5			162		2,846		162
Less:
Depreciation and amortization expense	27,666			22,797		53,933		44,530
General and administrative expense	8,872			9,673		19,786		18,567
Interest expense	16,086			16,701		32,986		33,937
Amortization of deferred financing fees	601			603		1,200		1,209
Impairment loss	13,892			2,662		13,892		2,662
(Loss) income from continuing operations before tax and    discontinued operations	$	(986	)	$	10,152	$	27,716	$	24,095

⁽¹⁾ Included in NOI for the Southeast region for the six months endedJune 30, 2014 is the reversal of $1.1 million in our allowance for doubtful accounts for certain historical real estate tax billings for which a settlement was reached with the tenants.

The following is a summary by segment of total assets included in the condensed consolidated balance sheets:

	June 30, 2014		December 31, 2013
	(In thousands)
Assets:
South Florida	$	650,820	$	690,328
North Florida	280,477		318,375
Southeast	274,356		305,013
Northeast	1,069,576		974,444
West Coast	854,829		833,890
Non-retail	60,150		61,273
Corporate assets	110,195		157,932
Properties held for sale	53,162		13,404
Total assets	$	3,353,565	$	3,354,659

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Commitments and Contingencies (Narrative) (Details) (USD $) In Millions, unless otherwise specified	6 Months Ended
	Jun. 30, 2014
Loss Contingencies [Line Items]
Investment in development or redevelopment projects	$ 70.0
Letters of Credit Outstanding, Amount	2.6
Payments to Acquire Land	5.35
Capital Addition Purchase Commitments [Member]
Loss Contingencies [Line Items]
Additional investment required to complete the project	$ 69.4
Commitments and contingencies expense period	P2Y

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Condensed Consolidated Statement of Equity (USD $) In Thousands, except Share data, unless otherwise specified	Total	Common Stock [Member]	Additional Paid-In Capital [Member]	Distributions in Excess of Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total Stockholders' Equity of Equity One, Inc. [Member]	Noncontrolling Interests [Member]	Comprehensive Income [Member]
BALANCE (beginning of period) at Dec. 31, 2013	$ 1,602,926							$ 1,602,926
BALANCE, shares (beginning of period) at Dec. 31, 2013	117,646,772	117,647,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stockholders' Equity Attributable to Parent	1,370,508	1,180	1,700,834	(330,834)	(672)	1,370,508
Issuance of common stock, net of withholding taxes (in shares)		359,000
Issuance of common stock, net of withholding taxes		4	4,848			4,852		4,852
Stock Repurchased During Period, Shares		(9,000)
Stock Repurchased During Period, Value		0	(205)			205		205
Share-based compensation expense	2,194		2,194			2,194		2,194
Adjustments to Additional Paid in Capital, Restricted Stock Reclassified from Liability to Equity	117		117			117
Net income	31,074			23,865		23,865	7,209	31,074
Dividends declared on common stock				(52,289)		(52,289)		(52,289)
Distributions to noncontrolling interests							(6,927)	(6,927)
Purchase of noncontrolling interest			7			(7)	(770)	763
Other comprehensive loss	(3,216)				(3,216)	(3,216)		(3,216)
Stockholders' Equity Attributable to Noncontrolling Interest	207,255						207,255
BALANCE, (end of period) at Jun. 30, 2014	$ 1,577,763							$ 1,577,763
BALANCE, shares (end of period) at Jun. 30, 2014	117,997,140	117,997,000

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Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Statement of Financial Position [Abstract]
Preferred stock, par value (in usd per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in usd per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	150,000,000	150,000,000
Common stock, shares issued (in shares)	117,997,140	117,646,772
Common stock, shares outstanding (in shares)	117,997,140	117,646,772

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Other Assets

6 Months Ended

Jun. 30, 2014

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Other Assets

Other Assets

The following is a summary of the composition of the other assets in the condensed consolidated balance sheets:

	June 30, 2014		December 31, 2013
	(In thousands)
Lease intangible assets, net	$	113,125	$	117,200
Leasing commissions, net	38,222		38,296
Prepaid expenses and other receivables	30,283		26,763
Straight-line rent receivables, net	22,648		21,490
Deferred financing costs, net	7,147		8,347
Deposits and mortgage escrows	8,652		7,763
Furniture, fixtures and equipment, net	4,030		4,406
Fair value of interest rate swaps	810		2,944
Deferred tax asset	2,397		2,390
Total other assets	$	227,314	$	229,599

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Document and Entity Information	6 Months Ended
	Jun. 30, 2014	Aug. 05, 2014
Document And Entity Information [Abstract]
Entity Registrant Name	EQUITY ONE, INC.
Entity Central Index Key	0001042810
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 30, 2014
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		119,836,588

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Borrowings

6 Months Ended

Jun. 30, 2014

Debt Disclosure [Abstract]

Borrowings

Borrowings

Mortgage Notes Payable

As of June 30, 2014, the weighted-average interest rate of our fixed rate mortgage notes payable was 5.95%.

In connection with the acquisition of our joint venture partners' interests in Talega Village Center during January 2014, we assumed a mortgage loan with a principal balance of $11.4 million. The loan bears interest at 5.01% per annum and has a stated maturity date of October 1, 2036; however, both the lender and the borrower have the right to accelerate the maturity date of the loan to October 1, 2021, October 1, 2026 or October 1, 2031.

During the six months endedJune 30, 2014, we prepaid mortgage loans of $22.5 million which bore a weighted average interest rate of 6.1%.

Included in mortgage notes payable as of December 31, 2013 is a mortgage note payable related to Brawley Commons located in Charlotte, North Carolina. The property was encumbered by a $6.5 million mortgage loan which matured on July 1, 2013 and remained unpaid as of December 31, 2013. In February 2014, we sold the property to a third party for $5.5 million and the lender accepted this amount as full repayment of the loan, resulting in the recognition of a net gain on extinguishment of debt of $882,000.

Unsecured Senior Notes

As of June 30, 2014, the weighted-average interest rate of our unsecured senior notes was 5.02%.

Unsecured Revolving Credit Facilities

Our primary credit facility is with a syndicate of banks and provides $575.0 million of unsecured revolving credit. As of June 30, 2014, we had drawn $133.0 million against the facility, which bore interest at a weighted-average rate of 1.32% per annum. As of December 31, 2013, we had drawn $91.0 million against the facility, which bore interest at a rate of 1.30% per annum. The facility also includes a facility fee applicable to the lending commitments thereunder, which fee was 0.25% per annum as of June 30, 2014. The facility expires on September 30, 2015, with a one year extension at our option, subject to certain conditions.

We also have a $5.0 million unsecured credit facility, for which there was no drawn balance as of June 30, 2014 and December 31, 2013. The facility bears interest at the one month LIBOR index rate plus 1.25% per annum and expires November 7, 2014.

As of June 30, 2014, giving effect to the financial covenants applicable to these credit facilities, the maximum available to us thereunder was approximately $499.0 million, net of outstanding letters of credit with an aggregate face amount of $2.6 million, of which $133.0 million was drawn.

Term Loan and Interest Rate Swaps

At times, we use derivative instruments, including interest rate swaps, to manage our exposure to variable interest rate risk. In this regard, we enter into derivative instruments that qualify as cash flow hedges and do not enter into such instruments for speculative purposes. As of June 30, 2014, we had three interest rate swaps which convert the LIBOR rate applicable to our $250.0 million term loan to a fixed interest rate, providing an effective fixed interest rate under the loan agreement of 3.17% per annum. The swaps are designated and qualified as cash flow hedges and have been recorded at fair value. The swap agreements mature on February 13, 2019, which is the maturity date of the term loan. As of June 30, 2014, the fair value of one of our interest rate swaps consisted of an asset of $810,000, which is included in other assets, and the fair value of the remaining interest rate swaps consisted of a liability of $921,000, which is included in accounts payable and accrued expenses in our condensed consolidated balance sheet. As of December 31, 2013, the fair value of our interest rate swaps was an asset of $2.9 million, which is included in other assets in our condensed consolidated balance sheet. The effective portion of changes in fair value of the interest rate swaps associated with our cash flow hedges is recorded in accumulated other comprehensive income and is subsequently reclassified into interest expense as interest is incurred on the related variable rate debt. Within the next 12 months, we expect to reclassify $3.2 million as an increase to interest expense.

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Condensed Consolidated Statements of Operations (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Real Estate Revenue, Net [Abstract]
Minimum rent	$ 66,295	$ 60,949	$ 136,546	$ 121,336
Expense recoveries	19,631	19,675	39,391	38,266
Percentage rent	933	628	3,114	2,665
Management and leasing services	584	484	1,213	898
Total revenue	87,443	81,736	180,264	163,165
COSTS AND EXPENSES:
Property operating	22,613	22,241	44,399	43,897
Depreciation and amortization	27,666	22,797	53,933	44,530
General and administrative	8,872	9,673	19,786	18,567
Total costs and expenses	59,151	54,711	118,118	106,994
INCOME BEFORE OTHER INCOME AND EXPENSE, TAX AND DISCONTINUED OPERATIONS	28,292	27,025	62,146	56,171
OTHER INCOME AND EXPENSE:
Investment income	28	2,209	199	4,413
Equity in income of unconsolidated joint ventures	1,268	615	9,529	1,050
Other income	5	162	2,846	162
Interest expense	(16,086)	(16,701)	(32,986)	(33,937)
Amortization of deferred financing fees	(601)	(603)	(1,200)	(1,209)
Gain on extinguishment of debt	0	107	1,074	107
Impairment loss	(13,892)	(2,662)	(13,892)	(2,662)
(LOSS) INCOME FROM CONTINUING OPERATIONS BEFORE TAX AND DISCONTINUED OPERATIONS	(986)	10,152	27,716	24,095
Income tax provision of taxable REIT subsidiaries	(79)	(7)	(612)	(21)
(LOSS) INCOME FROM CONTINUING OPERATIONS	(1,065)	10,145	27,104	24,074
DISCONTINUED OPERATIONS:
Operations of income producing properties	167	1,276	(65)	3,523
(Loss) gain on disposal of income producing properties	(144)	25,663	3,152	36,859
Impairment loss	0	(128)	0	(128)
Income tax provision of taxable REIT subsidiaries	0	(779)	0	(860)
INCOME FROM DISCONTINUED OPERATIONS	23	26,032	3,087	39,394
Gain on sale of operating properties	1,141	0	883	0
NET INCOME	99	36,177	31,074	63,468
Net income attributable to noncontrolling interests - continuing operations	(2,511)	(2,511)	(7,212)	(5,204)
Net loss (income) attributable to noncontrolling interests - discontinued operations	1	(28)	3	(33)
NET (LOSS) INCOME ATTRIBUTABLE TO EQUITY ONE, INC.	$ (2,411)	$ 33,638	$ 23,865	$ 58,231
(LOSS) EARNINGS PER COMMON SHARE - BASIC:
Continuing operations (in usd per share)	$ (0.02)	$ 0.06	$ 0.17	$ 0.16
Discontinued operations (in usd per share)		$ 0.22	$ 0.03	$ 0.33
Earnings per common share - Basic (in usd per share)	$ (0.02)	$ 0.28	$ 0.20	$ 0.49
Number of Shares Used in Computing Basic (Loss) Earnings per Share	117,813	117,385	117,744	117,209
(LOSS) EARNINGS PER COMMON SHARE - DILUTED:
Continuing operations (in usd per share)	$ (0.02)	$ 0.06	$ 0.17	$ 0.16
Discontinued operations (in usd per share)		$ 0.22	$ 0.03	$ 0.33
Earnings per common share - Diluted (in usd per share)	$ (0.02)	$ 0.28	$ 0.20	$ 0.49
Number of Shares Used in Computing Diluted (Loss) Earnings per Share	117,813	117,749	117,981	117,535
CASH DIVIDENDS DECLARED PER COMMON SHARE	$ 0.22	$ 0.22	$ 0.44	$ 0.44

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Acquisitions

6 Months Ended

Jun. 30, 2014

Business Combinations [Abstract]

Business Combination Disclosure [Text Block]

Acquisitions

The following table provides a summary of acquisition activity during the six months endedJune 30, 2014:

Date Purchased	Property Name	City	State	Square Feet/Acres		Purchase Price		Mortgage Assumed
						(In thousands)
January 31, 2014	Williamsburg at Dunwoody -      Outparcel (2)	Dunwoody	GA	0.14	(1)	$	350	$	—
January 23, 2014	Talega Village Center (2) (3)	San Clemente	CA	102,282		23,000		11,353
January 16, 2014	Westwood Shopping      Center	Bethesda	MD	101,584		65,012		—
January 16, 2014	Westwood Center II (2)	Bethesda	MD	53,293		15,000		—
Total						$	103,362	$	11,353

^{______________________________________________} 

⁽¹⁾ In acres.

⁽²⁾ The purchase price has been preliminarily allocated to real estate assets acquired and liabilities assumed, as applicable, in accordance with our accounting policies for business combinations. The purchase price and related accounting will be finalized after our valuation studies are complete.

⁽³⁾ Property was acquired through the acquisition of our joint venture partners' interests in the property. See Note 5 for further discussion.

The aggregate purchase price of the above property acquisitions have been preliminarily allocated as follows:

	Amount			Weighted Average Amortization Period
	(In thousands)			(In years)
Land	$	86,911		N/A
Land improvements	2,209			9.4
Buildings	17,670			33.2
Tenant improvements	1,160			5.5
Above-market leases	1,315			5.4
In-place lease interests	5,424			10.7
Lease origination costs	97			6.9
Leasing commissions	789			21.5
Below-market leases	(12,040		)	19.5
Above-market debt assumed	(70		)	7.8
Other acquired liabilities	(103		)	N/A
	$	103,362

During the three and six months endedJune 30, 2014, we did not recognize any material measurement period adjustments related to prior or current year acquisitions.

In conjunction with the acquisitions of Westwood Shopping Center and Westwood Center II, we entered into reverse Section 1031 like-kind exchange agreements with a third party intermediary, which, for a maximum of 180 days, allow us to defer for tax purposes, gains on the sale of other properties identified and sold within this period. Until the earlier of the termination of the exchange agreements or 180 days after the respective acquisition dates, the third party intermediary is the legal owner of the entities which own these properties; however, we control the activities that most significantly impact each property and retain all of the economic benefits and risks associated with each property. Therefore, at the date of acquisition, we determined that we were the primary beneficiary of these VIEs and consolidated the properties and their operations as of their acquisition date. Legal ownership of Westwood Shopping Center and Westwood Center II was transferred to us by the third party intermediary in July 2014.

During the three and six months endedJune 30, 2014, we expensed transaction-related costs in connection with completed or pending property acquisitions of approximately $142,000 and $1.5 million, respectively, and $617,000 and $718,000 for the same periods in 2013, respectively, which are included in general and administrative costs in the condensed consolidated statements of operations.

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Summary of Significant Accounting Policies

6 Months Ended

Jun. 30, 2014

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Summary of Significant Accounting Policies

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

Concentration of Credit Risk

A concentration of credit risk arises in our business when a national or regionally-based tenant occupies a substantial amount of space in multiple properties owned by us. In that event, if the tenant suffers a significant downturn in its business, it may become unable to make its contractual rent payments to us, exposing us to potential losses in rental revenue, expense recoveries, and percentage rent. Further, the impact may be magnified if the tenant is renting space in multiple locations. Generally, we do not obtain security from our national or regionally-based tenants in support of their lease obligations to us. We regularly monitor our tenant base to assess potential concentrations of credit risk. As of June 30, 2014, our largest tenant is comprised of a related group of grocers, which includes Albertsons, Shaw's, and Star Market and accounted for approximately 510,956 square feet, or approximately 3.2%, of our GLA and approximately $9.4 million, or 3.6%, of our annual minimum rent. As of June 30, 2014, we had outstanding receivables from Albertsons, Shaw's, and Star Market of approximately $62,000.

Recent Accounting Pronouncements

In February 2013, the FASB issued Accounting Standards Update ("ASU") No. 2013-04, "Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation Is Fixed at the Reporting Date (a consensus of the FASB Emerging Issues Task Force)." ASU No. 2013-04 requires an entity to measure obligations resulting from joint and several liability arrangements for which the total amount of the obligation within the scope of this guidance is fixed at the reporting date, as the sum of the amount the reporting entity agreed to pay on the basis of its arrangement among its co-obligors and any additional amount the reporting entity expects to pay on behalf of its co-obligors. ASU No. 2013-04 also requires an entity to disclose the nature and amount of the obligation as well as other information about those obligations. ASU No. 2013-04 is effective for fiscal years, and interim periods within those years, after December 15, 2013. The adoption and implementation of this ASU did not have a material impact on our results of operations, financial condition or cash flows.

In July 2013, the FASB issued ASU No. 2013-11, "Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (a consensus of the FASB Emerging Issues Task Force)." ASU No. 2013-11 provides explicit guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists and is intended to eliminate diversity in practice. ASU No. 2013-11 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. The adoption and implementation of this ASU did not have a material impact on our results of operations, financial condition or cash flows.

In April 2014, the FASB issued ASU No. 2014-08, “Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity.” ASU No. 2014-08 amends the definition of discontinued operations by limiting discontinued operations reporting to disposals of components of an entity that represent strategic shifts that have (or will have) a major effect on an entity's operations and financial results. The amendments require expanded disclosures for discontinued operations that would provide users of financial statements with more information about the assets, liabilities, revenues, and expenses of discontinued operations and disclosure of the pretax profit or loss of individually significant components of an entity that do not qualify for discontinued operations reporting. ASU No. 2014-08 is to be applied prospectively to all disposals (or classifications as held for sale) of components of an entity and all businesses or nonprofit activities that, on acquisition, are classified as held for sale that occur within fiscal years, and interim periods within those years, beginning after December 15, 2014. We have elected to early adopt the provisions of ASU No. 2014-08 beginning January 1, 2014. The adoption and implementation of this ASU resulted in the operations of certain current period dispositions being classified within continuing operations in our condensed consolidated statements of operations. The adoption did not have an impact on our financial position or cash flows. The disclosures required by this ASU have been incorporated in the notes included herein.

In May 2014, the FASB issued ASU No. 2014-09, "Revenue from Contracts with Customers." ASU No. 2014-09 clarifies the principles for recognizing revenue and develops a common revenue standard for GAAP and International Financial Reporting Standards ("IFRS") that removes inconsistencies and weaknesses in revenue requirements, provides a more robust framework for addressing revenue issues, improves comparability of revenue recognition practices across entities, industries, jurisdictions, and capital markets, provides more useful information to users of financial statements through improved disclosure requirements and simplifies the preparation of financial statements by reducing the number of requirements to which an entity must refer. ASU No. 2014-09 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2016. Companies can choose to apply the ASU using either the full retrospective approach or a modified retrospective approach. We are currently evaluating both methods of adoption and the impact, if any, that the adoption of this ASU will have on our condensed consolidated financial statements.

In June 2014, the FASB issued ASU No. 2014-12, "Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period (a consensus of the FASB Emerging Issues Task Force)." ASU No. 2014-12 requires that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. ASU No. 2014-12 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2015. Earlier adoption is permitted. The amendments can be applied either prospectively to all awards granted or modified after the effective date or retrospectively to all awards with performance targets that are outstanding as of the beginning of the earliest annual period presented in the financial statements and to all new or modified awards. We expect to apply the ASU prospectively and do not expect the adoption to have an impact on our condensed consolidated financial statements as our existing share-based payment awards do not fall within the scope of this ASU.

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Share-Based Payments

6 Months Ended

Jun. 30, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Share-Based Payments

Share-Based Payments

The following table presents stock option activity during the six months endedJune 30, 2014:

	Shares Under Option		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value
	(In thousands)				(In years)	(In thousands)
Outstanding at January 1, 2014	2,985		$	21.53
Granted	200		22.87
Exercised	(272	)	17.49
Forfeited or expired	(60	)	23.14
Outstanding at June 30, 2014	2,853		$	21.97	4.0	$	6,011
Exercisable at June 30, 2014	2,603		$	21.96	3.5	$	5,641

The fair value of the option grant was estimated on the grant date using the Black-Scholes-Merton pricing model with the following assumptions:

Dividend yield	3.8	%
Risk-free interest rate	2.0	%
Expected option life (years)	6.25
Expected volatility	39.8	%

The following table presents information regarding restricted stock activity during the six months endedJune 30, 2014:

	Unvested Shares			Weighted Average Grant-Date Fair Value
	(In thousands)
Unvested at January 1, 2014	857			$	17.37
Granted	149			22.74
Vested	(83	)		19.06
Forfeited	—			—
Unvested at June 30, 2014	923		*	$	18.09

^{______________________________________________} 

* Does not include 800,000 shares of restricted stock awarded to certain executives which are subject to performance vesting conditions and are not entitled to vote or receive dividends during the performance period.

During the six months endedJune 30, 2014, we granted 149,080 shares of restricted stock that are subject to forfeiture and vest over periods from 0 to 4 years. We measure compensation expense for restricted stock awards based on the fair value of our common stock at the date of grant and charge such amounts to expense ratably over the vesting period on a straight-line basis. The total grant-date value of the 82,770 shares of restricted stock that vested during the six months endedJune 30, 2014 was approximately $1.6 million.

Share-based compensation expense, which is included in general and administrative expenses in the accompanying condensed consolidated statements of operations, is summarized as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
	(In thousands)
Restricted stock expense	$	20		$	1,490		$	1,776		$	3,031
Stock option expense	322			110			401			253
Employee stock purchase plan discount	9			6			17			9
Total equity-based expense	351			1,606			2,194			3,293
Restricted stock classified as a liability	26			39			131			39
Total expense	377			1,645			2,325			3,332
Less amount capitalized	(164		)	(80		)	(345		)	(167		)
Net share-based compensation expense	$	213		$	1,565		$	1,980		$	3,165

As of June 30, 2014, we had $15.1 million of total unrecognized compensation expense related to unvested and restricted share-based payment arrangements (unvested options and restricted shares) granted under our Amended and Restated Equity One 2000 Executive Incentive Compensation Plan. This expense is expected to be recognized over a weighted-average period of 2.8 years.

Employment Related Agreements

Jeffrey Olson

In March 2014, Jeffrey Olson, our former Chief Executive Officer, informed us that he would not be renewing his employment agreement which was set to expire on December 31, 2014. On June 2, 2014, we entered into a Separation of Employment Agreement with Mr. Olson which resulted in a modification of the terms of his outstanding equity awards such that 58,240 shares of restricted stock that were scheduled to vest on December 31, 2014 are now scheduled to vest on August 29, 2014 and the post-employment window in which Mr. Olson can exercise his vested stock options was extended from three months to six months. In addition, the service and market conditions related to Mr. Olson's long-term incentive plan award ("LTIP") that was scheduled to vest on December 31, 2014 were modified such that the award is now scheduled to vest on August 29, 2014, subject to the market conditions being met. The modification of Mr. Olson’s stock options resulted in additional compensation expense of $232,000, as determined using a Black-Scholes-Merton model, which was recognized on the modification date as the options had previously vested. As a result of Mr. Olson’s separation and the related modification of the vesting conditions associated with his restricted stock and LTIP awards, all compensation expense previously recognized in relation to these awards (excluding the value of dividends previously paid on such awards) was reversed. The value of the modified restricted stock, as determined by the fair value of our common stock as of the modification date, and the fair value of the modified LTIP, as determined using a Monte Carlo simulation, will be recognized from the modification date through August 29, 2014. The modifications resulted in a net reversal of $1.7 million in compensation expense associated with these awards during the three and six months ended June 30, 2014. We expect to recognize $1.5 million in compensation expense in the third quarter of 2014 in connection with these awards.

David Lukes

On April 2, 2014, we entered into an employment agreement with David Lukes, our Chief Executive Officer, which became effective as of May 12, 2014 and has an initial term which ends on May 12, 2018. Mr. Lukes' employment agreement provides for an annual base salary of $850,000 and other benefits generally made available to our senior executive officers. In addition, Mr. Lukes is eligible for a target performance bonus of 100% of his base salary, except that with respect to the 2014 calendar year, Mr. Lukes will receive an annual bonus of no less than $850,000 reduced pro rata based on the portion of calendar year 2014 during which Mr. Lukes was not employed by the Company. Bonuses will be payable 50% in cash and 50% in shares of our restricted stock which will vest ratably over three years. Mr. Lukes also received a signing bonus of $500,000, which is included in general and administrative expenses in the accompanying statements of operations for the three and six months ended June 30, 2014. Mr. Lukes will repay the signing bonus in full in the event he resigns without good reason or is terminated for cause within 12 months of the commencement of his employment.

Upon the commencement of his employment, Mr. Lukes received 200,000 stock options with an exercise price of $22.87 per share that will vest ratably on the first, second, third and fourth anniversaries of the grant date. In addition, Mr. Lukes received 68,956 shares of restricted stock that will vest ratably on the second, third, and fourth anniversaries of the grant date and a LTIP, under which Mr. Lukes' target award is 156,300 shares of our common stock. The number of shares of stock that will ultimately be issued under the LTIP will be based on our performance during the four-year period beginning on the date of Mr. Lukes' employment. The performance metrics (and their weightings) are based on our absolute total shareholder return ("Absolute TSR") (25%), total shareholder return relative to specified peer companies ("Relative TSR") (25%) and growth in recurring funds from operations per share ("Recurring FFO Growth") (25%). The remaining 25% of Mr. Lukes' award will be discretionary. For each of these four components, Mr. Lukes can earn 50%, 100% or 200% of the 39,075 target shares allocated to such component based on the actual performance compared to specified targets. Shares earned pursuant to the LTIP will be issued following the completion of the four-year performance period, subject to Mr. Lukes' continued employment through the end of such period.

The Absolute TSR and Relative TSR components of Mr. Lukes’ LTIP are considered market-based awards. Accordingly, the probability of meeting the market criteria was considered when calculating the estimated fair value of the awards on the date of grant using Monte Carlo simulations. Furthermore, compensation expense associated with these awards will be recognized over the requisite service period as long as the requisite service is provided, regardless of whether the market criteria are achieved and the awards are ultimately earned. The significant assumptions used to value these awards include the volatility of our common stock (24.3%), the volatility of the common stock of various peer companies (which ranged from 13.7% to 28.6%), and the risk-free interest rate (1.3%). The aggregate estimated fair value of these components of Mr. Lukes’ LTIP was $1.5 million which will be recognized over the four-year performance period.

The Recurring FFO Growth component of Mr. Lukes’ LTIP is considered a performance-based award which is earned subject to future performance measurement. The award was valued at $19.51 per share based on the fair value of our common stock at the date of grant less the present value of the dividends expected to be paid on our common stock during the requisite service period. Compensation expense will be recognized over the requisite service period based on management’s periodic estimate of the likelihood that the performance criteria will be met.

Chaim Katzman

On June 2, 2014, we entered into a Chairman Compensation Agreement with Chaim Katzman, our Chairman of the Board, which will replace Mr. Katzman’s existing Chairman Compensation Agreement with the Company following the expiration of its term on December 31, 2014. The initial term of the new Chairman Compensation Agreement ends December 31, 2017. Pursuant to the agreement, Mr. Katzman will receive 255,000 shares of restricted stock that will vest as follows: (i) 7,095 shares on January 31, 2015; and (ii) 7,083 shares on the last day of each calendar month beginning February 2015 and ending December 2017. The award was valued at $22.24 per share based on the fair value of our common stock at the date of grant less the present value of the dividends expected to be paid on our common stock during the period from the date of grant to January 2, 2015, at which time Mr. Katzman’s restricted stock will be entitled to receive dividends. Compensation expense related to the award will be recognized over the period from June 2014 through December 2017.

Thomas Caputo

On June 25, 2014, we entered into a new employment agreement with Thomas Caputo, our President, which is effective as of January 1, 2015 immediately following the expiration of the current term of Mr. Caputo’s existing employment agreement with the Company and ends on December 31, 2016. Mr. Caputo's new employment agreement provides for an annual base salary of $750,000 and other benefits generally made available to our senior executive officers. In addition, Mr. Caputo will be eligible for a target performance bonus of 100% of his base salary that will be payable in cash. Pursuant to the agreement, on January 1, 2015, we will grant to Mr. Caputo $1.0 million in shares of our restricted common stock (valued by the Compensation Committee on the date of grant based on the average closing price of a share of our common stock during the 10 trading days immediately preceding the grant date), which shares will fully vest on December 31, 2016 subject to Mr. Caputo then being employed by the Company.

Michael Makinen

On June 25, 2014, we entered into an employment agreement with Michael Makinen to serve as our Chief Operating Officer. The agreement became effective as of July 15, 2014, and the initial term ends on July 15, 2018. Mr. Makinen's employment agreement provides for an annual base salary of $400,000 and other benefits generally made available to our senior executive officers. In addition, Mr. Makinen is eligible for a target performance bonus of $300,000, except that with respect to the 2014 calendar year, Mr. Makinen will receive an annual bonus of no less than $300,000 reduced pro rata based on the portion of calendar year 2014 during which Mr. Makinen was not employed by the Company. Bonuses will be payable 50% in cash and 50% in shares of our restricted stock which will vest ratably over three years.

Upon the commencement of his employment, Mr. Makinen received 5,000 shares of restricted stock that will vest in equal portions on the first and second anniversaries of the grant date and a LTIP, under which Mr. Makinen's target award will be 25,685 shares of our common stock. The number of shares of stock that will ultimately be awarded will be based on our performance during the four-year period beginning on the date of Mr. Makinen's employment. Mr. Makinen's LTIP award will share the same performance metrics and weightings as Mr. Lukes' LTIP award described above. Shares earned pursuant to the LTIP will be issued following the completion of the four-year performance period, subject to Mr. Makinen's continued employment through the end of such period.

Amended and Restated 2004 Employee Stock Purchase Plan

In 2004, we adopted an Employee Stock Purchase Plan (the “ESPP”) in order to provide a convenient means by which eligible employees could purchase shares of our common stock on a quarterly basis through payroll deductions and voluntary cash investments. The original ESPP terminated on March 31, 2014 pursuant to its own terms. Accordingly, our board of directors adopted an amended and restated ESPP which was approved by our stockholders at our May 2014 annual meeting. Under the amended and restated ESPP, the quarterly purchase price per share paid by employees is 85% of the average closing price per share of our common stock on the five trading days that immediately precede the last trading day of the quarter, provided, however, that in no event may the purchase price be less than the lower of (i) 85% of the closing price on the first trading day of the quarter or (ii) 85% of the closing price on the last trading day of the quarter. Shares purchased under the amended and restated ESPP are subject to a six-month holding requirement, subject to exceptions for hardship.

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Other Liabilities

6 Months Ended

Jun. 30, 2014

Other Liabilities Disclosure [Abstract]

Other Liabilities

Other Liabilities

The following is a summary of the composition of other liabilities in the condensed consolidated balance sheets:

	June 30, 2014		December 31, 2013
	(In thousands)
Lease intangible liabilities, net	$	166,196	$	167,777
Prepaid rent	8,406		9,450
Other	542		156
Total other liabilities	$	175,144	$	177,383

During the six months endedJune 30, 2014, we recognized a $4.4 million net termination benefit, which is included in minimum rent in the accompanying condensed consolidated statement of operations, in relation to our property located at 101 7th Avenue in New York from the acceleration of the accretion of a below market lease liability upon the tenant vacating the space and rejecting the lease in connection with a bankruptcy filing.

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Variable Interest Entities

6 Months Ended

Jun. 30, 2014

Variable Interest Entities [Abstract]

Variable Interest Entities

Variable Interest Entities

Included within our consolidated operating properties as of June 30, 2014 are two properties, Westwood Shopping Center and Westwood Center II, which are owned by subsidiaries of a Section 1031 like-kind exchange intermediary. The agreements governing the operation of these entities provide us with the power to direct the activities that most significantly impact these entities' economic performance. The entities were deemed VIEs primarily because they do not have sufficient equity at risk to finance their activities without additional subordinated financial support from other parties. Additionally, we determined that the equity investor does not possess the characteristics of a controlling financial interest. Therefore, we concluded that we are the primary beneficiary of the VIEs as a result of our having the power to direct the activities that most significantly impact their economic performance and the obligation to absorb losses, as well as the right to receive benefits, that could be potentially significant to the VIEs. In July 2014, legal ownership of these entities was transferred to us by the qualified intermediary and, as such, the entities are no longer considered VIEs.

Our consolidated operating properties as of December 31, 2013 included three Westwood Complex parcels that were owned at the time by a subsidiary of a qualified intermediary. Legal ownership of this entity was transferred to us by the qualified intermediary during the first quarter of 2014, and, as such, the entity is no longer considered a VIE.

The majority of the operations of these VIEs are funded with cash flows generated from the properties. We have not provided financial support to any of these VIEs that we were not previously contractually required to provide; our contractual commitments consist primarily of funding any capital expenditures, including tenant improvements, which are deemed necessary to continue to operate the entities and any operating cash shortfalls that the entities may experience.

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Earnings Per Share (Summary of Calculation of Basic EPS and Reconciliation of Net Income Available to Shareholders) (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Schedule of Equity Method Investments [Line Items]
(LOSS) INCOME FROM CONTINUING OPERATIONS	$ (1,065)	$ 10,145	$ 27,104	$ 24,074
Gain (Loss) on Sale of Properties, before Applicable Income Taxes	1,141	0	883	0
Net income attributable to noncontrolling interests - continuing operations	2,511	2,511	7,212	5,204
Income from continuing operations attributable to Equity One, Inc.	(2,435)	7,634	20,775	18,870
Net Income (Loss) Available to Common Stockholders, Continuing Operations	(2,659)	7,571	20,337	18,564
Income from discontinued operations	23	26,032	3,087	39,394
Net loss (income) attributable to noncontrolling interests - discontinued operations	1	(28)	3	(33)
Income from discontinued operations attributable to Equity One, Inc.	24	26,004	3,090	39,361
Allocation of discontinued loss to restricted share awards and to Class A common stockholder	(224)	(63)	(438)	(306)
Participating Securities, Distributed and Undistributed Earnings (Loss), Discontinued Operations		(230)		(356)
Net Income (Loss) Available to Common Stockholders, Discontinued Operations	24	25,774	3,090	39,005
Net income (loss) available to common stockholders	$ (2,635)	$ 33,345	$ 23,427	$ 57,569
Weighted average shares outstanding - Basic (in shares)	117,813	117,385	117,744	117,209
Basic earnings per share from continuing operations (in usd per share)	$ (0.02)	$ 0.06	$ 0.17	$ 0.16
Basic earnings per share from discontinued operations (in usd per share)		$ 0.22	$ 0.03	$ 0.33
Earnings per common share - Basic (in usd per share)	$ (0.02)	$ 0.28	$ 0.20	$ 0.49

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Dispositions

6 Months Ended

Jun. 30, 2014

Dispositions [Abstract]

Dispositions

Dispositions

The following table provides a summary of disposition activity during the six months endedJune 30, 2014:

Date Sold	Property Name	Region	City	State	Square Feet /Acres	Gross Sales Price
Income producing property sold						(In thousands)
June 30, 2014	Riverside Square (1)	South Florida	Coral Springs	FL	103,241	$	12,380
June 30, 2014	Oaktree Plaza (1)	South Florida	North Palm Beach	FL	23,745	4,000
June 17, 2014	Sunpoint Shopping Center (1)	North Florida	Ruskin	FL	132,374	7,250
April 7, 2014	Salerno Village Square (1)	South Florida	Stuart	FL	77,677	8,646
March 27, 2014	Daniel Village (1)	Southeast	Augusta	GA	172,438	10,125
February 27, 2014	Brawley Commons (1)	Southeast	Charlotte	NC	119,189	5,450		(2)
January 15, 2014	Stanley Marketplace	Southeast	Stanley	NC	53,228	3,875
January 10, 2014	Oak Hill Village	North Florida	Jacksonville	FL	78,492	6,850
Total						$	58,576

^{______________________________________________} 

⁽¹⁾ The results of operations for these properties are included in continuing operations in the condensed consolidated statements of operations for all periods presented.

⁽²⁾ The property was encumbered by a $6.5 million mortgage loan which matured on July 1, 2013. In conjunction with the sale of the property, the lender accepted the proceeds from the sale as full repayment of the loan.

As part of our strategy to upgrade and diversify our portfolio and recycle our capital, we have sold or are in the process of selling certain non-core properties and are currently evaluating opportunities to sell certain additional non-core properties located primarily in the southeastern United States and north and central Florida. Although we have not committed to a disposition plan with respect to certain of these assets, we may consider disposing of such properties if pricing is deemed to be favorable. If the market values of these assets are below their carrying values, it is possible that the disposition of these assets could result in impairments or other losses. Depending on the prevailing market conditions and historical carrying values, these impairments and losses could be material.

Upon the adoption of ASU No. 2014-08 on January 1, 2014, operations of properties held for sale and operating properties sold during the current period that were not previously classified as held for sale and/or reported as discontinued operations are reported in continuing operations as they do not represent a strategic shift that has or will have a major effect on our operations and financial results. Prior to the adoption of ASU No. 2014-08, we reported the operations and financial results of properties held for sale and operating properties sold as discontinued operations.

The results of operations for six of the properties sold during the six months endedJune 30, 2014 and six properties classified as held for sale in 2014 in our South Florida region (Shoppes of Andros Isles), North Florida region (Forest Village, Mariners Crossing, New Smyrna Beach and Shoppes of North Port) and Southeast region (Smyth Valley Crossing) are included in continuing operations in the condensed consolidated statements of operations for all periods presented as they do not qualify as discontinued operations under the amended guidance. Subsequent to period end, we closed on the sale of the six properties classified as held for sale noted above, which had an aggregate net book value of $47.3 million as of June 30, 2014, for a gross sales price of $55.3 million. The related assets and liabilities of the properties are presented as held for sale in our condensed consolidated balance sheet as of June 30, 2014.

We have six properties in our Southeast and North Florida regions which had an aggregate net book value of $17.1 million as of June 30, 2014, under contract for an estimated gross sales price of $22.1 million. These contracts are in various stages of due diligence, and the properties have not met the criteria to be classified as held for sale.

Discontinued Operations

The results of operations for two of the properties sold (Stanley Marketplace and Oak Hill) and one property in our South Florida region (Summerlin Square), with a net book value of $6.1 million, classified as held for sale as of December 31, 2013, are presented as discontinued operations in the condensed consolidated statements of operations for all periods presented as they were classified as held for sale prior to the adoption of ASU No. 2014-08.

During the three and six months endedJune 30, 2013, we sold twenty properties and two outparcels in our Southeast, South Florida, North Florida and West Coast regions for an aggregate sales price of $188.0 million. The results of operations for these properties are presented as discontinued operations in the condensed consolidated statements of operations for the three and six months endedJune 30, 2013.

The components of income and expense relating to discontinued operations for the three and six months endedJune 30, 2014 and 2013 are shown below:

	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
	(In thousands)
Rental revenue	$	185		$	4,455		$	147		$	11,474
Expenses:
Property operating expenses	15			1,782			203			4,149
Depreciation and amortization	—			1,185			—			2,691
General and administrative expenses	3			6			9			9
Operations of income producing properties	167			1,482			(65		)	4,625
Interest expense	—			(208		)	—			(424		)
(Loss) gain on disposal of income producing properties	(144		)	25,663			3,152			36,859
Impairment loss	—			(128		)	—			(128		)
Loss on extinguishment of debt	—			—			—			(682		)
Income tax provision	—			(779		)	—			(860		)
Other income	—			2			—			4
Income from discontinued operations	23			26,032			3,087			39,394
Net loss (income) attributable to noncontrolling interests	1			(28		)	3			(33		)
Income from discontinued operations attributable to Equity One, Inc.	$	24		$	26,004		$	3,090		$	39,361

SUPPLEMENTAL INFORMATION:
Additions to income producing properties	$	—	$	260	$	—	$	403
Increase in deferred leasing costs and lease intangibles	$	—	$	299	$	—	$	501
Straight line rent revenue	$	125	$	29	$	—	$	240
Amortization of above market lease intangibles, net	$	—	$	138	$	—	$	271

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Investments in Joint Ventures

6 Months Ended

Jun. 30, 2014

Equity Method Investments and Joint Ventures [Abstract]

Investments in Joint Ventures

Investments in Joint Ventures

The following is a summary of the composition of investments in and advances to unconsolidated joint ventures in the condensed consolidated balance sheets:

				Investment Balance
Joint Venture (1)	Number of Properties	Location	Ownership	June 30, 2014		December 31, 2013
Investments in unconsolidated joint ventures:				(In thousands)
GRI-EQY I, LLC (2)	10	GA, SC, FL	10.0%	$	12,660	$	12,912
G&I Investment South Florida Portfolio, LLC	3	FL	20.0%	3,693		3,480
Madison 2260 Realty LLC	1	NY	8.6%	526		634
Madison 1235 Realty LLC	1	NY	20.1%	820		820
Talega Village Center JV, LLC (3)	1	CA	100.0%	—		2,828
Vernola Marketplace JV, LLC (4)	1	CA	50.5%	303		6,468
Parnassus Heights Medical Center (5)	1	CA	50.0%	19,796		19,791
Equity One JV Portfolio, LLC (6)	6	FL, MA, NJ	30.0%	43,938		44,237
Total				81,736		91,170
Advances to unconsolidated joint ventures				574		602
Investments in and advances to unconsolidated     joint ventures				$	82,310	$	91,772

^{______________________________________________} 

⁽¹⁾ All unconsolidated joint ventures are accounted for under the equity method except for the Madison 2260 Realty LLC and Madison 1235 Realty LLC joint ventures, which are accounted for under the cost method.

⁽²⁾ The investment balance as of June 30, 2014 and December 31, 2013 is presented net of deferred gains of $3.3 million for both periods associated with the disposition of assets by us to the joint venture.

⁽³⁾ We purchased our joint venture partners' interests in January 2014 and now own 100% of this entity. Prior to our acquisition, our effective interest was 48% when considering the 5% noncontrolling interest held by Vestar Development Company.

⁽⁴⁾ Our effective interest is 48% when considering the 5% noncontrolling interest held by Vestar Development Company. As described below, the property held by the joint venture was sold in January 2014.

⁽⁵⁾ On July 2, 2014, we entered into an agreement with our joint venture partner in which both parties agreed to dissolve the joint venture and distribute the property in kind to the existing members at the current ownership percentages. Accordingly, the Parnassus Heights Medical Center will be held as a tenancy-in-common, and we will continue to account for our ownership interest under the equity method.

⁽⁶⁾ The investment balance as of June 30, 2014 and December 31, 2013 is presented net of a deferred gain of approximately $376,000 for both periods associated with the disposition of assets by us to the joint venture.

Equity in income of unconsolidated joint ventures totaled $1.3 million and $9.5 million for the three and six months endedJune 30, 2014, respectively, and totaled $615,000 and $1.1 million, respectively, for the same periods in 2013. Management fees and leasing fees earned by us associated with these joint ventures, which are included in management and leasing services revenue in the accompanying condensed consolidated statements of operations, totaled approximately $584,000 and $1.2 million for the three and six months endedJune 30, 2014, respectively, and $484,000 and $898,000 for the same periods in 2013, respectively.

As of June 30, 2014 and December 31, 2013, the aggregate carrying amount of the debt of our unconsolidated joint ventures accounted for under the equity method was $250.0 million and $286.0 million, respectively, of which our aggregate proportionate share was $54.7 million and $72.5 million, respectively.

In January 2014, we acquired Rockwood Capital's and Vestar Development Company's interests in Talega Village Center JV, LLC, the owner of Talega Village Center, a 102,000 square foot grocery-anchored shopping center located in San Clemente, California, for an additional investment of $6.2 million. Immediately prior to acquisition, we remeasured the fair value of our equity interest in the joint venture using a discounted cash flow analysis and recognized a gain of $2.8 million,including $561,000 attributable to a noncontrolling interest, which is included in other income in our condensed consolidated statement of operations for the six months endedJune 30, 2014.

In January 2014, the property held by Vernola Marketplace JV, LLC was sold for $49.0 million, including the assumption of the existing mortgage of $22.9 million by the buyer. In connection with the sale, the joint venture recognized a gain of $14.7 million, of which our proportionate share was $7.4 million, including $1.6 million attributable to the noncontrolling interest, and we received distributions totaling $13.7 million, including $1.9 million that was distributed to the noncontrolling interest. The remaining investment balance as of June 30, 2014 represents our interest in the remaining cash held by the joint venture.

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Loans Receivable

6 Months Ended

Jun. 30, 2014

Receivables [Abstract]

Loans Receivable

Loans Receivable

In October 2012, we purchased a $95.0 million mortgage loan secured by the Westwood Complex, a 22-acre site located in Bethesda, Maryland that consists of 214,767 square feet of retail space, a 211,020 square foot apartment building, and a 62-unit assisted living facility. The loan bore interest at 5.0% per annum and had a stated maturity date of January 15, 2014. Concurrent with the loan transaction, we also entered into a purchase contract to acquire the complex for an aggregate purchase price of $140.0 million. The purchase contract contemplated closing dates for the various parcels that comprise the complex that were the earlier of January 15, 2014 or upon the seller's identification of a property (or properties) which it could purchase with the proceeds from the sale of the parcels. To the extent that the closing dates under the purchase contract occurred prior to January 15, 2014, the parties agreed that the applicable portions of the mortgage loan collateralized by such parcels would be repaid on the respective closing dates. Based on our initial assessment of the structure of the transaction, we determined that the entities that owned the parcels within the complex that we had yet to legally acquire were VIEs and that we were not the primary beneficiary of these entities as we did not have the power to direct the activities that most significantly impacted their economic performance.

In March 2013, we also funded a $12.0 million mezzanine loan to an entity that indirectly owned a portion of the Westwood Complex. The loan was secured by the entity's indirect ownership interests in the complex, bore interest at 5.0% per annum, and was scheduled to mature on the earlier of June 1, 2013 or our acquisition of certain parcels comprising the complex pursuant to the aforementioned purchase contract. During May 2013, the loan agreement was amended to extend the maturity date to the earlier of January 15, 2014 or our acquisition of the parcels indirectly securing the mezzanine loan. We determined that the borrower was a VIE and that we held a variable interest in the entity through our investment in the loan; however, we concluded that we were not the primary beneficiary of the entity because we did not have the power to direct the activities that most significantly impacted its economic performance.

As of December 31, 2013, five of the seven parcels that comprise the Westwood Complex had been acquired. In connection with the acquisitions, $40.7 million of the $95.0 million mortgage loan and $5.8 million of the $12.0 million mezzanine loan were repaid by the respective borrowers and the entities holding these parcels were no longer considered VIEs.

In January 2014, we acquired the two remaining parcels for an aggregate gross purchase price of $80.0 million. Concurrent with the acquisitions, the outstanding principal balance of the $95.0 million mortgage loan and the $12.0 million mezzanine loan were repaid in full by the respective borrowers, and the entities holding these parcels were no longer considered VIEs. The aggregate gross purchase price was funded by proceeds from the loan repayments as well as an additional $19.5 million cash investment, thereby bringing our total investment in the Westwood Complex to $140.0 million.

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(Summary of Restricted Stock Activity) (Details) (Restricted Stock [Member], USD $)	6 Months Ended
	Jun. 30, 2014		Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value	$ 18.09	[1]	$ 17.37
Unvested Shares (in shares):
Unvested beginning balance	857,000
Granted	149,000
Vested	(83,000)
Forfeited	0
Unvested ending balance	923,000	[1]
Weighted-Average Price (in dollars per share):
Granted	$ 22.74
Vested	$ 19.06
Forfeited	$ 0.00
Total vesting-date value of shares vested in a period	$ 1,577,806
Minimum [Member]
Unvested Shares (in shares):
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	0 years
Maximum [Member]
Unvested Shares (in shares):
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	4 years

[1] Does not include 800,000 shares of restricted stock awarded to certain executives which are subject to performance vesting conditions and are not entitled to vote or receive dividends during the performance period.

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Segment Reporting (Financial Information Relating to Operations Presented by Segments) (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014 segment		Jun. 30, 2013
Revenues from External Customers and Long-Lived Assets [Line Items]
Number of reportable segments			6
Straight Line Rent			$ 1,739,000		$ 961,000
Management and leasing services	584,000	484,000	1,213,000		898,000
Total revenue	87,443,000	81,736,000	180,264,000		163,165,000
INCOME BEFORE OTHER INCOME AND EXPENSE, TAX AND DISCONTINUED OPERATIONS	28,292,000	27,025,000	62,146,000		56,171,000
Investment income	28,000	2,209,000	199,000		4,413,000
Equity in income of unconsolidated joint ventures	1,268,000	615,000	9,529,000		1,050,000
Gain on sale of land			4,035,000		36,859,000
Gain on extinguishment of debt	0	107,000	1,074,000		107,000
Depreciation and amortization	27,666,000	22,797,000	53,933,000		44,530,000
General and administrative	8,872,000	9,673,000	19,786,000		18,567,000
Interest expense	16,086,000	16,701,000	32,986,000		33,937,000
Amortization of deferred financing fees	601,000	603,000	1,200,000		1,209,000
Impairment loss on goodwill and income producing properties	13,892,000	2,662,000	13,892,000		2,662,000
(LOSS) INCOME FROM CONTINUING OPERATIONS BEFORE TAX AND DISCONTINUED OPERATIONS	(986,000)	10,152,000	27,716,000		24,095,000
Southeast [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Valuation Allowances and Reserves, Recoveries			1,100,000
Operating Segments [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total segment revenues	82,108,000	77,830,000	165,657,000		155,134,000
INCOME BEFORE OTHER INCOME AND EXPENSE, TAX AND DISCONTINUED OPERATIONS	56,741,000	52,994,000	115,744,000		106,049,000
Operating Segments [Member] | South Florida [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total segment revenues	22,765,000	23,296,000	46,270,000		46,337,000
INCOME BEFORE OTHER INCOME AND EXPENSE, TAX AND DISCONTINUED OPERATIONS	15,697,000	15,520,000	32,256,000		31,353,000
Operating Segments [Member] | North Florida [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total segment revenues	9,416,000	9,390,000	19,124,000		18,983,000
INCOME BEFORE OTHER INCOME AND EXPENSE, TAX AND DISCONTINUED OPERATIONS	6,588,000	6,482,000	13,463,000		12,646,000
Operating Segments [Member] | Southeast [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total segment revenues	8,857,000	9,491,000	18,385,000		18,882,000
INCOME BEFORE OTHER INCOME AND EXPENSE, TAX AND DISCONTINUED OPERATIONS	6,000,000	6,588,000	13,787,000	[1]	13,273,000
Operating Segments [Member] | Northeast [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total segment revenues	20,750,000	18,248,000	42,349,000		36,322,000
INCOME BEFORE OTHER INCOME AND EXPENSE, TAX AND DISCONTINUED OPERATIONS	14,723,000	12,875,000	29,205,000		25,584,000
Operating Segments [Member] | West Coast [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total segment revenues	19,414,000	17,011,000	37,697,000		33,950,000
INCOME BEFORE OTHER INCOME AND EXPENSE, TAX AND DISCONTINUED OPERATIONS	12,982,000	11,288,000	25,523,000		22,794,000
Operating Segments [Member] | Non Retail [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total segment revenues	906,000	394,000	1,832,000		660,000
INCOME BEFORE OTHER INCOME AND EXPENSE, TAX AND DISCONTINUED OPERATIONS	751,000	241,000	1,510,000		399,000
Segment Reconciling Items [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Straight Line Rent	1,076,000	211,000	1,738,000		722,000
Accretion Expense	3,675,000	3,211,000	11,656,000		6,411,000
Management and leasing services	584,000	484,000	1,213,000		898,000
Elimination of intersegment expenses	2,754,000	2,595,000	5,514,000		5,188,000
Investment income	28,000	2,209,000	199,000		4,413,000
Equity in income of unconsolidated joint ventures	1,268,000	615,000	9,529,000		1,050,000
Other income	5,000	162,000	2,846,000		162,000
Gain on extinguishment of debt	0	107,000	1,074,000		107,000
Depreciation and amortization	27,666,000	22,797,000	53,933,000		44,530,000
General and administrative			19,786,000		18,567,000
Interest expense	16,086,000	16,701,000	32,986,000		33,937,000
Amortization of deferred financing fees	601,000	603,000	1,200,000		1,209,000
Impairment loss on goodwill and income producing properties	$ 13,892,000	$ 2,662,000	$ 13,892,000		$ 2,662,000

[1] Included in NOI for the Southeast region for the six months ended June 30, 2014 is the reversal of $1.1 million in our allowance for doubtful accounts for certain historical real estate tax billings for which a settlement was reached with the tenants.

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Share-Based Payments (Summary of Stock Option Activity) (Details) (USD $) In Thousands, except Share data, unless otherwise specified	6 Months Ended
	Jun. 30, 2014
Share Under Option (in shares):
Beginning balance	2,985,000
Granted	200,000
Exercised	(272,000)
Forfeited or expired	(60,000)
Ending balance	2,853,000
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Outstanding Options, Weighted Average Remaining Contractual Term	3 years 11 months 16 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value	$ 6,011
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value	$ 5,641
Weighted-Average Exercise Price (in dollars per share):
Beginning balance	$ 21.53
Granted	$ 22.87
Exercised	$ 17.49
Forfeited or expired	$ 23.14
Ending balance	$ 21.97
Shares Under Option, Exercisable	2,603,000
Weighted-Average Exercise Price, Exercisable	$ 21.96
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	3 years 5 months 22 days
Employee Stock Option [Member]
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate	3.80%
Share Under Option (in shares):
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	2.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	6 years 3 months
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	39.80%

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Investments in Joint Ventures (Tables)

6 Months Ended

Jun. 30, 2014

Equity Method Investments and Joint Ventures [Abstract]

Investments in and Advances to Unconsolidated Joint Ventures

The following is a summary of the composition of investments in and advances to unconsolidated joint ventures in the condensed consolidated balance sheets:

				Investment Balance
Joint Venture (1)	Number of Properties	Location	Ownership	June 30, 2014		December 31, 2013
Investments in unconsolidated joint ventures:				(In thousands)
GRI-EQY I, LLC (2)	10	GA, SC, FL	10.0%	$	12,660	$	12,912
G&I Investment South Florida Portfolio, LLC	3	FL	20.0%	3,693		3,480
Madison 2260 Realty LLC	1	NY	8.6%	526		634
Madison 1235 Realty LLC	1	NY	20.1%	820		820
Talega Village Center JV, LLC (3)	1	CA	100.0%	—		2,828
Vernola Marketplace JV, LLC (4)	1	CA	50.5%	303		6,468
Parnassus Heights Medical Center (5)	1	CA	50.0%	19,796		19,791
Equity One JV Portfolio, LLC (6)	6	FL, MA, NJ	30.0%	43,938		44,237
Total				81,736		91,170
Advances to unconsolidated joint ventures				574		602
Investments in and advances to unconsolidated     joint ventures				$	82,310	$	91,772

^{______________________________________________} 

⁽¹⁾ All unconsolidated joint ventures are accounted for under the equity method except for the Madison 2260 Realty LLC and Madison 1235 Realty LLC joint ventures, which are accounted for under the cost method.

⁽²⁾ The investment balance as of June 30, 2014 and December 31, 2013 is presented net of deferred gains of $3.3 million for both periods associated with the disposition of assets by us to the joint venture.

⁽³⁾ We purchased our joint venture partners' interests in January 2014 and now own 100% of this entity. Prior to our acquisition, our effective interest was 48% when considering the 5% noncontrolling interest held by Vestar Development Company.

⁽⁴⁾ Our effective interest is 48% when considering the 5% noncontrolling interest held by Vestar Development Company. As described below, the property held by the joint venture was sold in January 2014.

⁽⁵⁾ On July 2, 2014, we entered into an agreement with our joint venture partner in which both parties agreed to dissolve the joint venture and distribute the property in kind to the existing members at the current ownership percentages. Accordingly, the Parnassus Heights Medical Center will be held as a tenancy-in-common, and we will continue to account for our ownership interest under the equity method.

⁽⁶⁾ The investment balance as of June 30, 2014 and December 31, 2013 is presented net of a deferred gain of approximately $376,000 for both periods associated with the disposition of assets by us to the joint venture.

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Variable Interest Entities (Details) (Variable Interest Entity, Primary Beneficiary [Member])	Jun. 30, 2014 Westwood Shopping Center and Westwood Center II [Member]	Dec. 31, 2013 Westwood Complex [Member]
Variable Interest Entity [Line Items]
Variable Interest Entity, Number of Entities	2	3

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Noncontrolling Interests

6 Months Ended

Jun. 30, 2014

Noncontrolling Interest [Abstract]

Noncontrolling Interests

Noncontrolling Interests

The following is a summary of the noncontrolling interests in consolidated entities included in the condensed consolidated balance sheets:

	June 30, 2014		December 31, 2013
	(In thousands)
Walden Woods Village, Ltd. (1)	$	989	$	989
Total redeemable noncontrolling interests	$	989	$	989
CapCo	$	206,145	$	206,145
DIM	1,033		1,081
Vestar/EQY Talega LLC (2)	—		147
Vestar/EQY Vernola LLC (3)	50		341
Vestar/EQY Canyon Trails LLC (4)	27		29
Total noncontrolling interests included in total equity	$	207,255	$	207,743

^{______________________________________________} 

⁽¹⁾ This entity owns Walden Woods Shopping Center.

⁽²⁾ This entity held our interest in Talega Village Center JV, LLC. We acquired our joint venture partners' interest in January 2014. See Note 5 for further discussion.

⁽³⁾ This entity holds our interest in Vernola Marketplace JV, LLC. The property held by the joint venture was sold in January 2014.

⁽⁴⁾ This entity held our interest in Canyon Trails Towne Center. The property held by the joint venture was sold in December 2013.

Noncontrolling interests represent the portion of equity that we do not own in certain entities that we consolidate. We account for and report our noncontrolling interests in accordance with the provisions under the Consolidation Topic of the FASB ASC.

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Environmental Matters

6 Months Ended

Jun. 30, 2014

Environmental Remediation Obligations [Abstract]

Environmental Matters

Environmental Matters

We are subject to numerous environmental laws and regulations. The operation of dry cleaning and gas station facilities at our shopping centers are the principal environmental concerns. We require that the tenants who operate these facilities do so in material compliance with current laws and regulations and we have established procedures to monitor dry cleaning operations. Where available, we have applied and been accepted into state sponsored environmental programs. Several properties in the portfolio will require or are currently undergoing varying levels of environmental remediation. We have environmental insurance policies covering most of our properties which limits our exposure to some of these conditions, although these policies are subject to limitations and environmental conditions known at the time of acquisition are typically excluded from coverage. Management believes that the ultimate disposition of currently known environmental matters will not have a material effect on our financial position, liquidity or operations.

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Investments in Joint Ventures (Investments in and Advances to Unconsolidated Joint Ventures) (Details) (USD $)													6 Months Ended																										6 Months Ended
	Jun. 30, 2014		Dec. 31, 2013		Jun. 30, 2014 Madison 2260, Realty, LLC [Member] New York [Member] properties		Jun. 30, 2014 Madison 1235, Realty, LLC [Member] New York [Member] properties		Jun. 30, 2014 Madison 1235, Realty, LLC [Member] New York [Member]		Dec. 31, 2013 Madison 1235, Realty, LLC [Member] New York [Member]		Jun. 30, 2014 GRI-EQY I, LLC [Member]	Jun. 30, 2014 GRI-EQY I, LLC [Member] Georgia, South Carolina & Florida [Member] properties		Dec. 31, 2013 GRI-EQY I, LLC [Member] Georgia, South Carolina & Florida [Member]		Jun. 30, 2014 G&I Investment South Florida Portfolio, LLC [Member] Florida [Member] properties		Dec. 31, 2013 G&I Investment South Florida Portfolio, LLC [Member] Florida [Member]		Jun. 30, 2014 Talega Village Center JV, LLC [Member]	Dec. 31, 2013 Talega Village Center JV, LLC [Member]	Dec. 31, 2013 Talega Village Center JV, LLC [Member] Vestar [Member]	Jun. 30, 2014 Talega Village Center JV, LLC [Member] California [Member] properties		Dec. 31, 2013 Talega Village Center JV, LLC [Member] California [Member]		Dec. 31, 2013 Vernola Marketplace Joint Venture Limited Liability Company [Member]	Dec. 31, 2013 Vernola Marketplace Joint Venture Limited Liability Company [Member] Vestar [Member]	Jun. 30, 2014 Vernola Marketplace Joint Venture Limited Liability Company [Member] California [Member] properties		Dec. 31, 2013 Vernola Marketplace Joint Venture Limited Liability Company [Member] California [Member]		Jun. 30, 2014 Parnassus Heights Medical Center [Member] California [Member] properties		Dec. 31, 2013 Parnassus Heights Medical Center [Member] California [Member]		Jun. 30, 2014 Equity One JV Portfolio, LLC (NYCRF) [Member]	Jun. 30, 2014 Equity One JV Portfolio, LLC (NYCRF) [Member] Florida, Massachusetts, New Jersey [Member] properties		Dec. 31, 2013 Equity One JV Portfolio, LLC (NYCRF) [Member] Florida, Massachusetts, New Jersey [Member]		Jun. 30, 2014 Madison 2260, Realty, LLC [Member] New York [Member]		Dec. 31, 2013 Madison 2260, Realty, LLC [Member] New York [Member]
Schedule of Equity Method and Cost Method Investments [Line Items]
Number of properties					1	[1]	1	[1]						10	[1],[2]			3	[1]						1	[1],[3]					1	[1],[4]			1	[1],[5]				6	[1],[6]
Equity Method Investment, Ownership Percentage														10.00%	[1],[2]			20.00%	[1]						100.00%	[1],[3]					50.50%	[1],[4]			50.00%	[1],[5]				30.00%	[1],[6]
Cost method investment, ownership percentage					8.60%	[1]	20.10%	[1]
Equity Method Investment, Ownership Percentage																						100.00%	48.00%						48.00%
Cost method investment balance									$ 820,000	[1]	$ 820,000	[1]																																$ 526,000	[1]	$ 634,000	[1]
Equity method investment balance														12,660,000	[1],[2]	12,912,000	[1],[2]	3,693,000	[1]	3,480,000	[1]				0	[1],[3]	2,828,000	[1],[3]			303,000	[1],[4]	6,468,000	[1],[4]	19,796,000	[1],[5]	19,791,000	[1],[5]		43,938,000	[1],[6]	44,237,000	[1],[6]
Total	81,736,000		91,170,000
Advances to unconsolidated joint ventures, Investment Balance	574,000		602,000
Investments in and advances to unconsolidated joint ventures	82,310,000	[1]	91,772,000	[1]
Net of deferred gains associated with the disposition of assets													$ 3,300,000																										$ 376,000
Noncontrolling interest ownership percentage																								5.00%						5.00%

[1] All unconsolidated joint ventures are accounted for under the equity method except for the Madison 2260 Realty LLC and Madison 1235 Realty LLC joint ventures, which are accounted for under the cost method.

[2] The investment balance as of June 30, 2014 and December 31, 2013 is presented net of deferred gains of $3.3 million for both periods associated with the disposition of assets by us to the joint venture.

[3] We purchased our joint venture partners' interests in January 2014 and now own 100% of this entity. Prior to our acquisition, our effective interest was 48% when considering the 5% noncontrolling interest held by Vestar Development Company.

[4] Our effective interest is 48% when considering the 5% noncontrolling interest held by Vestar Development Company. As described below, the property held by the joint venture was sold in January 2014.

[5] On July 2, 2014, we entered into an agreement with our joint venture partner in which both parties agreed to dissolve the joint venture and distribute the property in kind to the existing members at the current ownership percentages. Accordingly, the Parnassus Heights Medical Center will be held as a tenancy-in-common, and we will continue to account for our ownership interest under the equity method.

[6] The investment balance as of June 30, 2014 and December 31, 2013 is presented net of a deferred gain of approximately $376,000 for both periods associated with the disposition of assets by us to the joint venture.

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Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2014

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block]

The following are ranges of key inputs used in determining the fair value of income producing properties measured using Level 3 inputs:

	June 30, 2014		December 31, 2013
	Low	High	Low	High
Overall capitalization rates	10.0%	15.0%	12.5%	15.5%
Discount rates	12.0%	14.5%	10.0%	13.5%
Terminal capitalization rates	11.0%	13.5%	12.5%	12.5%

Assets Measured and Recorded at Fair Value on a Recurring Basis

The following are assets (liabilities) measured at fair value on a recurring basis as of June 30, 2014 and December 31, 2013:

	Fair Value Measurements
Assets:	Total			Level 1		Level 2			Level 3
June 30, 2014	(In thousands)
Interest rate derivatives:
Classified as an asset in other assets	$	810		$	—	$	810		$	—
Classified as a liability in accounts payable    and accrued expenses	$	(921	)	$	—	$	(921	)	$	—
December 31, 2013
Interest rate derivatives:
Classified as an asset in other assets	$	2,944		$	—	$	2,944		$	—

Fair Value, Assets Measured on Nonrecurring Basis

The following table presents our hierarchy for those assets measured and recorded at fair value on a non-recurring basis as of December 31, 2013:

Assets:	Total		Level 1		Level 2		Level 3			Total Losses(1)
	(In thousands)
Operating properties held and used	$	6,600	$	—	$	—	$	6,600	(2)	$	2,406
Operating properties held for sale	3,875		—		3,875		—			1,313
Development properties held for use	6,400		—		—		6,400			3,085
Total	$	16,875	$	—	$	3,875	$	13,000		$	6,804

^{____________________________________________} 

⁽¹⁾ Total losses are for the full year ended December 31, 2013 and exclude impairments related to properties sold during the year.

⁽²⁾ $5.4 million of the total represents the fair value of an operating property as of the date it was impaired during the third quarter of 2013. As of December 31, 2013, the carrying amount of the property no longer equaled its fair value.

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Condensed Consolidated Statements of Comprehensive Income (Loss) (USD $) In Thousands, unless otherwise specified	3 Months Ended				6 Months Ended
	Jun. 30, 2014		Jun. 30, 2013		Jun. 30, 2014		Jun. 30, 2013
Statement of Comprehensive Income [Abstract]
NET INCOME	$ (99)		$ (36,177)		$ (31,074)		$ (63,468)
OTHER COMPREHENSIVE (LOSS) INCOME:
Net amortization of interest rate contracts included in net income	15		15		31		31
Net unrealized (loss) gain on interest rate swaps (1)	(3,226)	[1]	6,813	[1]	(4,955)	[1]	7,363	[1]
Net loss on interest rate swaps reclassified from accumulated other comprehensive income into interest expense	866		885		1,708		1,804
Other comprehensive (loss) income	(2,345)		7,713		(3,216)		9,198
COMPREHENSIVE (LOSS) INCOME	(2,246)		43,890		27,858		72,666
Comprehensive income attributable to noncontrolling interests	(2,510)		(2,539)		(7,209)		(5,237)
COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO EQUITY ONE, INC.	(4,756)		41,351		20,649		67,429
Equity Method Investee [Member]
OTHER COMPREHENSIVE (LOSS) INCOME:
Net unrealized (loss) gain on interest rate swaps (1)	$ (101)		$ 43		$ (262)		$ 0

[1] This amount includes our share of our unconsolidated joint ventures' net unrealized (losses) gains of $(101) and $(262) for the three and six months ended June 30, 2014, respectively, and $43 and $0 for the same periods during 2013, respectivel

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Organization and Basis of Presentation

6 Months Ended

Jun. 30, 2014

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Organization and Basis of Presentation

Organization and Basis of Presentation

Organization

We are a real estate investment trust, or REIT, that owns, manages, acquires, develops and redevelops shopping centers and retail properties located primarily in supply constrained suburban and urban communities. We were organized as a Maryland corporation in 1992, completed our initial public offering in May 1998, and have elected to be taxed as a REIT since 1995.

As of June 30, 2014, our consolidated shopping center portfolio comprised 135 properties, including 113 retail properties and six non-retail properties totaling approximately 14.6 million square feet of gross leasable area, or GLA, 11 development or redevelopment properties with approximately 1.8 million square feet of GLA upon completion, and five land parcels. As of June 30, 2014, our consolidated shopping center occupancy was 94.2% and included national, regional and local tenants. Additionally, we had joint venture interests in 18 retail properties and two office buildings totaling approximately 3.2 million square feet of GLA.

Basis of Presentation

The condensed consolidated financial statements include the accounts of Equity One, Inc. and its wholly-owned subsidiaries and those other entities in which we have a controlling financial interest, including where we have been determined to be a primary beneficiary of a variable interest entity ("VIE") in accordance with the Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC"). Equity One, Inc. and its subsidiaries are hereinafter referred to as "the consolidated companies," the "Company," "we," "our," "us" or similar terms. All significant intercompany transactions and balances have been eliminated in consolidation. Certain prior-period data have been reclassified to conform to the current period presentation. Certain operations have been classified as discontinued, and the associated results of operations and financial position are separately reported for all periods presented. Information in these notes to the condensed consolidated financial statements, unless otherwise noted, does not include the accounts of discontinued operations.

The condensed consolidated financial statements included in this report are unaudited. In our opinion, all adjustments considered necessary for a fair presentation have been included, and all such adjustments are of a normal recurring nature. The results of operations for the three and six month periods ended June 30, 2014 and 2013 are not necessarily indicative of the results that may be expected for a full year.

Our unaudited condensed consolidated financial statements and notes are prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information and with the instructions of Form 10-Q. Accordingly, these unaudited condensed consolidated financial statements do not contain certain information included in our annual financial statements and notes. The condensed consolidated balance sheet as of December 31, 2013 was derived from audited financial statements included in our 2013 Annual Report on Form 10-K but does not include all disclosures required under GAAP. These condensed consolidated financial statements should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2013, filed with the Securities and Exchange Commission (the "SEC") on March 3, 2014.

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Noncontrolling Interests (Narrative) (Details) (USD $) In Thousands, except Share data, unless otherwise specified	6 Months Ended			1 Months Ended	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013	Jan. 31, 2014 Vernola Marketplace [Member] Vernola Marketplace Joint Venture Limited Liability Company [Member]	Jun. 30, 2014 Vestar/EQY Vernola LLC [Member] Equity One, Inc. [Member]
Noncontrolling Interest [Line Items]
Sales of Real Estate	$ 58,576			$ 49,000
Common Stock, Shares, Issued	117,997,140		117,646,772
Redeemable noncontrolling interests	989		989
Investment in loan receivable	0	8,500		22,900
Gain (Loss) on Sale of Properties	4,035	36,859		14,700
Payments to Noncontrolling Interests	$ 763	$ 18,917			$ 1,900

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Fair Value Measurements (Narrative) (Details) (USD $)	3 Months Ended				6 Months Ended							6 Months Ended		12 Months Ended		6 Months Ended										3 Months Ended	6 Months Ended			12 Months Ended			6 Months Ended			12 Months Ended
	Jun. 30, 2014 properties		Jun. 30, 2013		Jun. 30, 2014 properties		Jun. 30, 2013		Dec. 31, 2013	Jun. 30, 2014 Other Assets [Member]	Dec. 31, 2013 Other Assets [Member]	Jun. 30, 2014 Fair Value, Measurements, Nonrecurring [Member]		Dec. 31, 2013 Fair Value, Measurements, Nonrecurring [Member]		Jun. 30, 2014 Danville San Ramon Medical [Member]	Jun. 30, 2014 Interest Rate Swap [Member] Other Assets [Member]	Dec. 31, 2013 Interest Rate Swap [Member] Other Assets [Member]	Jun. 30, 2014 Interest Rate Swap [Member] Accounts Payable and Accrued Liabilities [Member]	Jun. 30, 2014 Interest Rate Swap [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2013 Interest Rate Swap [Member] Fair Value, Measurements, Recurring [Member]	Jun. 30, 2014 Interest Rate Swap [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 3 [Member]	Dec. 31, 2013 Interest Rate Swap [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 3 [Member]	Jun. 30, 2014 Interest Rate Swap [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member]	Dec. 31, 2013 Interest Rate Swap [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member]	Jun. 30, 2014 Equity One, Inc. [Member]	Jun. 30, 2014 Equity One, Inc. [Member]	Jun. 30, 2014 North Florida And Southeast [Member] Fair Value, Inputs, Level 3 [Member]	Jun. 30, 2014 Southeast [Member] Fair Value, Inputs, Level 3 [Member] property	Dec. 31, 2013 Southeast [Member] Fair Value, Inputs, Level 3 [Member]	Dec. 31, 2013 Southeast [Member] Fair Value, Inputs, Level 2 [Member]		Jun. 30, 2014 North Florida [Member] Fair Value, Inputs, Level 3 [Member] property	Jun. 30, 2014 South Florida and Southeast [Member] Fair Value, Inputs, Level 2 [Member]		Dec. 31, 2013 Southeast and West Coast [Member] Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative, Number of Instruments Held	3				3
Derivative, Notional Amount	$ 250,000,000				$ 250,000,000				$ 250,000,000
Derivative Asset, Number of Instruments Held	1				1
Fair value of interest rate swaps																	810,000	2,900,000		810,000	2,944,000	0	0	810,000	2,944,000
Derivative Instruments in Hedges, Liabilities, at Fair Value																			921,000	921,000		0		921,000
Interest Rate Derivative Assets, at Fair Value										810,000	2,944,000
Net unrealized (loss) gain on interest rate swaps (1)	(3,226,000)	[1]	6,813,000	[1]	(4,955,000)	[1]	7,363,000	[1]																		3,100,000	4,700,000
Impairment of of operating property												9,573,000	[2]	2,406,000	[3]													9,600,000		2,400,000
Impairment of Long-Lived Assets to be Disposed of												2,058,000	[2]	1,313,000	[3]																1,313,000	[3]		2,058,000	[3]
Number of properites held for sale with recorded impairment
Impairment of real estate														3,085,000	[3]																					3,100,000
Goodwill, Impairment Loss
Impairment of Long-Lived Assets Held-for-use, Number of Assets																													2				1

[1] This amount includes our share of our unconsolidated joint ventures' net unrealized (losses) gains of $(101) and $(262) for the three and six months ended June 30, 2014, respectively, and $43 and $0 for the same periods during 2013, respectivel

[2] Total losses exclude impairments of $2.2 million recognized related to properties sold during the six months ended June 30, 2014 primarily based on sales contracts.

[3] Total losses are for the full year ended December 31, 2013 and exclude impairments related to properties sold during the year.

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Fair Value Measurements

6 Months Ended

Jun. 30, 2014

Fair Value Disclosures [Abstract]

Fair Value Measurements

Fair Value Measurements

Recurring Fair Value Measurements

As of June 30, 2014 and December 31, 2013, we had three interest rate swap agreements with a notional amount of $250.0 million that are measured at fair value on a recurring basis. As of June 30, 2014, the fair value of one of our interest rate swaps consisted of an asset of $810,000, which is included in other assets, and the fair value of the remaining interest rate swaps consisted of a liability of $921,000, which is included in accounts payable and accrued expenses in our condensed consolidated balance sheet. As of December 31, 2013, the fair value of our swaps was an asset of $2.9 million, which is included in other assets in our condensed consolidated balance sheet. The net unrealized loss on our interest rate swaps was $3.1 million and $4.7 million for the three and six months endedJune 30, 2014, respectively, and is included in accumulated other comprehensive income. The fair value of the interest rate swaps is based on the estimated amount we would receive or pay to terminate the contract at the reporting date and is determined using interest rate pricing models and observable inputs. The interest rate swaps are classified within Level 2 of the valuation hierarchy.

The following are assets (liabilities) measured at fair value on a recurring basis as of June 30, 2014 and December 31, 2013:

	Fair Value Measurements
Assets:	Total			Level 1		Level 2			Level 3
June 30, 2014	(In thousands)
Interest rate derivatives:
Classified as an asset in other assets	$	810		$	—	$	810		$	—
Classified as a liability in accounts payable    and accrued expenses	$	(921	)	$	—	$	(921	)	$	—
December 31, 2013
Interest rate derivatives:
Classified as an asset in other assets	$	2,944		$	—	$	2,944		$	—

Valuation Methods

The fair values of our interest rate swaps were determined using widely accepted valuation techniques, including discounted cash flow analysis on the expected cash flows of the derivative financial instrument. This analysis reflected the contractual terms of the derivative, including the period to maturity, and used observable market-based inputs, including interest rate market data and implied volatilities in such interest rates. While it was determined that the majority of the inputs used to value the derivatives fall within Level 2 of the fair value hierarchy under authoritative accounting guidance, the credit valuation adjustments associated with the derivatives also utilized Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default. However, as of June 30, 2014, the significance of the impact of the credit valuation adjustments on the overall valuation of the derivative financial instruments was assessed and it was determined that these adjustments were not significant to the overall valuation of the derivative financial instruments. As a result, it was determined that the derivative financial instruments in their entirety should be classified in Level 2 of the fair value hierarchy. The net unrealized loss included in other comprehensive income was attributable to the net change in unrealized gains and losses related to the interest rate swaps that remained outstanding as of June 30, 2014, none of which were reported in the condensed consolidated statements of operations because they were documented and qualified as hedging instruments.

Non-Recurring Fair Value Measurements

The following table presents our hierarchy for those assets measured and recorded at fair value on a non-recurring basis as of June 30, 2014:

Assets:	Total		Level 1		Level 2		Level 3		Total Losses(1)
	(In thousands)
Operating properties held and used	$	11,900	$	—	$	—	$	11,900	$	9,573
Operating properties held for sale	16,800		—		16,800		—		2,058
Total	$	28,700	$	—	$	16,800	$	11,900	$	11,631

^{____________________________________________} 

⁽¹⁾ Total losses exclude impairments of $2.2 million recognized related to properties sold during the six months endedJune 30, 2014 primarily based on sales contracts.

The following table presents our hierarchy for those assets measured and recorded at fair value on a non-recurring basis as of December 31, 2013:

Assets:	Total		Level 1		Level 2		Level 3			Total Losses(1)
	(In thousands)
Operating properties held and used	$	6,600	$	—	$	—	$	6,600	(2)	$	2,406
Operating properties held for sale	3,875		—		3,875		—			1,313
Development properties held for use	6,400		—		—		6,400			3,085
Total	$	16,875	$	—	$	3,875	$	13,000		$	6,804

^{____________________________________________} 

⁽¹⁾ Total losses are for the full year ended December 31, 2013 and exclude impairments related to properties sold during the year.

⁽²⁾ $5.4 million of the total represents the fair value of an operating property as of the date it was impaired during the third quarter of 2013. As of December 31, 2013, the carrying amount of the property no longer equaled its fair value.

On a non-recurring basis, we evaluate the carrying value of investment property and investments in and advances to unconsolidated joint ventures when events or changes in circumstances indicate that the carrying value may not be recoverable. Impairments, if any, result primarily from values established by Level 3 valuations. The carrying value is considered impaired when the total projected undiscounted cash flows from such asset is separately identifiable and is less than its carrying value. In that event, a loss is recognized based on the amount by which the carrying value exceeds the fair value of the asset as determined by purchase price offers or by discounted cash flows using the income or market approach. These cash flows are comprised of unobservable inputs which include contractual rental revenue and forecasted rental revenue and expenses based upon market conditions and expectations for growth. Capitalization rates and discount rates utilized in these models are based upon observable rates that we believe to be within a reasonable range of current market rates for the respective properties. Based on these inputs, we determined that the valuations of these investment properties and investments in unconsolidated joint ventures are classified within Level 3 of the fair value hierarchy.

The following are ranges of key inputs used in determining the fair value of income producing properties measured using Level 3 inputs:

	June 30, 2014		December 31, 2013
	Low	High	Low	High
Overall capitalization rates	10.0%	15.0%	12.5%	15.5%
Discount rates	12.0%	14.5%	10.0%	13.5%
Terminal capitalization rates	11.0%	13.5%	12.5%	12.5%

During the six months endedJune 30, 2014, we recognized $9.6 million of impairment losses on two operating properties located in the Southeast region considered an asset group and one operating property located in the North Florida region. The operating properties located in the Southeast region were impaired due to the increased financial uncertainties surrounding a dark anchor tenant and the reconsideration of our anticipated holding period for the assets. The operating property in the North Florida region was impaired due to the loss of an anchor tenant and the re-leasing of such space at lower rents, as well as the reconsideration of our anticipated holding period for the asset. During the year ended December 31, 2013, we recognized $2.4 million of impairment losses on operating properties located in the Southeast region. The estimated fair values related to the impairment assessments were primarily based on discounted cash flow analyses and, therefore, are classified within Level 3 of the fair value hierarchy.

During the six months endedJune 30, 2014, we recognized $2.1 million of impairment losses on two properties held for sale located in the Southeast and South Florida regions. During the year ended December 31, 2013, we recognized an impairment loss of $1.3 million on a property held for sale located in the Southeast region. The estimated fair values related to the impairment assessments were based upon the expected sales prices as determined by executed contracts and, therefore, are classified within Level 2 of the fair value hierarchy.

During the year ended December 31, 2013, we recognized impairment losses of $3.1 million on land parcels located in the Southeast and West Coast regions. The estimated fair values related to the impairment assessments were based on appraisals and, therefore, are classified within Level 3 of the fair value hierarchy. During the six months endedJune 30, 2014, we did not recognize impairment losses on development properties held for use.

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Condensed Consolidating Financial Information (Schedule of Condensed Consolidating Statements of Comprehensive Income) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Depreciation and amortization	$ 27,666	$ 22,797	$ 53,933	$ 44,530
Total revenue	87,443	81,736	180,264	163,165
INCOME BEFORE OTHER INCOME AND EXPENSE, TAX AND DISCONTINUED OPERATIONS	28,292	27,025	62,146	56,171
INCOME FROM CONTINUING OPERATIONS BEFORE TAX AND DISCONTINUED OPERATIONS	986	(10,152)	(27,716)	(24,095)
Income tax benefit (provision) of taxable REIT subsidiaries	(79)	(7)	(612)	(21)
INCOME FROM CONTINUING OPERATIONS	(1,065)	10,145	27,104	24,074
Income from discontinued operations	23	26,032	3,087	39,394
Gain (Loss) on Sale of Properties			4,035	36,859
NET INCOME	99	36,177	31,074	63,468
Other comprehensive (loss) income	(2,345)	7,713	(3,216)	9,198
COMPREHENSIVE (LOSS) INCOME	(2,246)	43,890	27,858	72,666
Comprehensive income attributable to noncontrolling interests	(2,510)	(2,539)	(7,209)	(5,237)
COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO EQUITY ONE, INC.	(4,756)	41,351	20,649	67,429
Equity One, Inc. [Member]
Total revenue	6,133	6,626	12,718	13,181
Equity in subsidiaries' earnings	27,435	53,113	78,277	96,236
Total costs and expenses	10,336	10,805	23,445	21,436
INCOME BEFORE OTHER INCOME AND EXPENSE, TAX AND DISCONTINUED OPERATIONS	23,232	48,934	67,550	87,981
Other income and (expense)	(25,725)	(16,532)	(43,605)	(36,473)
INCOME FROM CONTINUING OPERATIONS BEFORE TAX AND DISCONTINUED OPERATIONS	2,493	(32,402)	(23,945)	(51,508)
Income tax benefit (provision) of taxable REIT subsidiaries
INCOME FROM CONTINUING OPERATIONS	(2,493)	32,402	23,945	51,508
Income from discontinued operations	7	1,364	7	6,933
Gain (Loss) on Sale of Properties	8		(280)
NET INCOME	(2,478)	33,766	23,672	58,441
Other comprehensive (loss) income	(2,278)	7,585	(3,023)	8,988
COMPREHENSIVE (LOSS) INCOME	(4,756)	41,351	20,649	67,429
Comprehensive income attributable to noncontrolling interests
COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO EQUITY ONE, INC.	(4,756)	41,351	20,649	67,429
Combined Guarantor Subsidiaries [Member]
Total revenue	43,391	41,687	92,783	83,676
Equity in subsidiaries' earnings
Total costs and expenses	23,890	22,195	48,201	45,366
INCOME BEFORE OTHER INCOME AND EXPENSE, TAX AND DISCONTINUED OPERATIONS	19,501	19,492	44,582	38,310
Other income and (expense)	(5,530)	(3,357)	(7,283)	(3,623)
INCOME FROM CONTINUING OPERATIONS BEFORE TAX AND DISCONTINUED OPERATIONS	(13,971)	(16,135)	(37,299)	(34,687)
Income tax benefit (provision) of taxable REIT subsidiaries	26	30	7	70
INCOME FROM CONTINUING OPERATIONS	13,997	16,165	37,306	34,757
Income from discontinued operations	(53)	24,465	3,057	32,131
Gain (Loss) on Sale of Properties	1,125		1,125
NET INCOME	15,069	40,630	41,488	66,888
Other comprehensive (loss) income				0
COMPREHENSIVE (LOSS) INCOME	15,069	40,630	41,488	66,888
Comprehensive income attributable to noncontrolling interests
COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO EQUITY ONE, INC.	15,069	40,630	41,488	66,888
Non-Guarantor Subsidiaries [Member]
Total revenue	37,919	33,423	74,763	66,308
Equity in subsidiaries' earnings
Total costs and expenses	25,199	21,854	46,959	40,406
INCOME BEFORE OTHER INCOME AND EXPENSE, TAX AND DISCONTINUED OPERATIONS	12,720	11,569	27,804	25,902
Other income and (expense)	2,220	3,241	16,943	8,470
INCOME FROM CONTINUING OPERATIONS BEFORE TAX AND DISCONTINUED OPERATIONS	(14,940)	(14,810)	(44,747)	(34,372)
Income tax benefit (provision) of taxable REIT subsidiaries	(105)	(37)	(619)	(91)
INCOME FROM CONTINUING OPERATIONS	14,835	14,773	44,128	34,281
Income from discontinued operations	68	84	17	24
Gain (Loss) on Sale of Properties	8		38
NET INCOME	14,911	14,857	44,183	34,305
Other comprehensive (loss) income	(67)	128	(193)	210
COMPREHENSIVE (LOSS) INCOME	14,844	14,985	43,990	34,515
Comprehensive income attributable to noncontrolling interests	(2,510)	(2,539)	(7,209)	(5,237)
COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO EQUITY ONE, INC.	12,334	12,446	36,781	29,278
Eliminating Entries [Member]
Total revenue	0	0	0	0
Equity in subsidiaries' earnings	(27,435)	(53,113)	(78,277)	(96,236)
Total costs and expenses	(274)	(143)	(487)	(214)
INCOME BEFORE OTHER INCOME AND EXPENSE, TAX AND DISCONTINUED OPERATIONS	(27,161)	(52,970)	(77,790)	(96,022)
Other income and (expense)	(243)	(225)	(485)	(450)
INCOME FROM CONTINUING OPERATIONS BEFORE TAX AND DISCONTINUED OPERATIONS	27,404	53,195	78,275	96,472
Income tax benefit (provision) of taxable REIT subsidiaries
INCOME FROM CONTINUING OPERATIONS	(27,404)	(53,195)	(78,275)	(96,472)
Income from discontinued operations	1	119	6	306
Gain (Loss) on Sale of Properties	0		0
NET INCOME	(27,403)	(53,076)	(78,269)	(96,166)
Other comprehensive (loss) income				0
COMPREHENSIVE (LOSS) INCOME	(27,403)	(53,076)	(78,269)	(96,166)
Comprehensive income attributable to noncontrolling interests
COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO EQUITY ONE, INC.	(27,403)	(53,076)	(78,269)	(96,166)
Consolidated Entities [Member]
Total revenue	87,443	81,736	180,264	163,165
Equity in subsidiaries' earnings
Total costs and expenses	59,151	54,711	118,118	106,994
INCOME BEFORE OTHER INCOME AND EXPENSE, TAX AND DISCONTINUED OPERATIONS	28,292	27,025	62,146	56,171
Other income and (expense)	(29,278)	(16,873)	(34,430)	(32,076)
INCOME FROM CONTINUING OPERATIONS BEFORE TAX AND DISCONTINUED OPERATIONS	986	(10,152)	(27,716)	(24,095)
Income tax benefit (provision) of taxable REIT subsidiaries	(79)	(7)	(612)	(21)
INCOME FROM CONTINUING OPERATIONS	(1,065)	10,145	27,104	24,074
Income from discontinued operations	23	26,032	3,087	39,394
Gain (Loss) on Sale of Properties	1,141		883
NET INCOME	99	36,177	31,074	63,468
Other comprehensive (loss) income	(2,345)	7,713	(3,216)	9,198
COMPREHENSIVE (LOSS) INCOME	(2,246)	43,890	27,858	72,666
Comprehensive income attributable to noncontrolling interests	(2,510)	(2,539)	(7,209)	(5,237)
COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO EQUITY ONE, INC.	$ (4,756)	$ 41,351	$ 20,649	$ 67,429

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Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2014

Earnings Per Share [Abstract]

Summary of Calculation of Basic EPS and Reconciliation of Net Income Available to Shareholders

The following summarizes the calculation of basic EPS and provides a reconciliation of the amounts of net (loss) income available to common stockholders and shares of common stock used in calculating basic EPS:

	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
	(In thousands, except per share amounts)
(Loss) income from continuing operations	$	(1,065	)	$	10,145		$	27,104		$	24,074
Gain on sale of operating properties	1,141			—			883			—
Net income attributable to noncontrolling interests - continuing operations	(2,511		)	(2,511		)	(7,212		)	(5,204		)
(Loss) income from continuing operations attributable to Equity One, Inc.	(2,435		)	7,634			20,775			18,870
Allocation of continuing income to participating securities	(224		)	(63		)	(438		)	(306		)
(Loss) income from continuing operations available to common stockholders	(2,659		)	7,571			20,337			18,564
Income from discontinued operations	23			26,032			3,087			39,394
Net loss (income) attributable to noncontrolling interests - discontinued    operations	1			(28		)	3			(33		)
Income from discontinued operations attributable to Equity One, Inc.	24			26,004			3,090			39,361
Allocation of income from discontinued operations to participating securities	—			(230		)	—			(356		)
Income from discontinued operations available to common stockholders	24			25,774			3,090			39,005
Net (loss) income available to common stockholders	$	(2,635	)	$	33,345		$	23,427		$	57,569
Weighted average shares outstanding — Basic	117,813			117,385			117,744			117,209
Basic (loss) earnings per share available to common stockholders:
Continuing operations	$	(0.02	)	$	0.06		$	0.17		$	0.16
Discontinued operations	—			0.22			0.03			0.33
(Loss) earnings per common share — Basic	$	(0.02	)	$	0.28		$	0.20		$	0.49

Summary of Calculation of Diluted EPS and Reconciliation of Net Income Available to Shareholders

The following summarizes the calculation of diluted EPS and provides a reconciliation of the amounts of net (loss) income available to common stockholders and shares of common stock used in calculating diluted EPS:

	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
	(In thousands, except per share amounts)
(Loss) income from continuing operations	$	(1,065	)	$	10,145		$	27,104		$	24,074
Gain on sale of operating properties	1,141			—			883			—
Net income attributable to noncontrolling interests - continuing operations	(2,511		)	(2,511		)	(7,212		)	(5,204		)
(Loss) income from continuing operations attributable to Equity One, Inc.	(2,435		)	7,634			20,775			18,870
Allocation of continuing income to participating securities	(224		)	(64		)	(438		)	(308		)
(Loss) income from continuing operations available to common stockholders	(2,659		)	7,570			20,337			18,562
Income from discontinued operations	23			26,032			3,087			39,394
Net loss (income) attributable to noncontrolling interests - discontinued    operations	1			(28		)	3			(33		)
Income from discontinued operations attributable to Equity One, Inc.	24			26,004			3,090			39,361
Allocation of income from discontinued operations to participating securities	—			(229		)	—			(354		)
Income from discontinued operations available to common stockholders	24			25,775			3,090			39,007
Net (loss) income available to common stockholders	$	(2,635	)	$	33,345		$	23,427		$	57,569
Weighted average shares outstanding — Basic	117,813			117,385			117,744			117,209
Stock options using the treasury method	—			364			205			326
Non-participating restricted stock using the treasury method	—			—			6			—
Executive Incentive Plan shares using the treasury method	—			—			26			—
Weighted average shares outstanding — Diluted	117,813			117,749			117,981			117,535
Diluted (loss) earnings per share available to common stockholders:
Continuing operations	$	(0.02	)	$	0.06		$	0.17		$	0.16
Discontinued operations	—			0.22			0.03			0.33
(Loss) earnings per common share — Diluted	$	(0.02	)	$	0.28		$	0.20		$	0.49

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Income Taxes

6 Months Ended

Jun. 30, 2014

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

We elected to be taxed as a REIT under the Internal Revenue Code (the "Code"), commencing with our taxable year ended December 31, 1995. It is our intention to adhere to the organizational and operational requirements to maintain our REIT status. As a REIT, we generally will not be subject to corporate level federal income tax, provided that distributions to our stockholders equal at least the amount of our REIT taxable income as defined under the Code. We are required to pay U.S. federal and state income taxes on our net taxable income, if any, from the activities conducted by our taxable REIT subsidiaries ("TRSs"), which include IRT Capital Corporation II ("IRT"), DIM Vastgoed, N.V. ("DIM"), Southeast US Holdings, B.V. and C&C Delaware, Inc. Accordingly, the only provision for federal income taxes in our condensed consolidated financial statements relates to our consolidated TRSs.

Although DIM is organized under the laws of the Netherlands, it pays U.S. corporate income tax based on its operations in the United States. Pursuant to the tax treaty between the U.S. and the Netherlands, DIM is entitled to the avoidance of double taxation on its U.S. income. Thus, it pays virtually no taxes in the Netherlands. As of June 30, 2014, DIM had federal and state net operating loss carry forwards of $4.8 million and $2.2 million, respectively, which begin to expire in 2027. As of June 30, 2014, IRT had federal and state net operating loss carry forwards of $2.0 million and $1.6 million, respectively, which begin to expire in 2030.

We believe that we have appropriate support for the tax positions taken on our tax returns and that our accruals for the tax liabilities are adequate for all years still subject to tax audit, which include all years after 2009.