Equity One, Inc.

Supplemental Information Package

September 30, 2009

Equity One, Inc.

1600 N.E. Miami Gardens Drive

North Miami Beach, Florida 33179

Tel: (305) 947-1664   Fax: (305) 947-1734

www.equityone.net

Page 1

Equity One, Inc.
SUPPLEMENTAL INFORMATION
September 30, 2009
(unaudited)
TABLE OF CONTENTS
	Page
Overview
Analyst Coverage	3
Disclosures	4
Summary Financial Results and Ratios	5
Assets, Liabilities, and Equity
Consolidated Balance Sheets	6
Market Capitalization	7
Debt Summary	8
Debt Maturity Schedule	9
Income, EBITDA, and FFO
Consolidated Statements of Operations	10
Pro Forma Financial Information for Discontinued Operations	11-12
Net Operating Income	13
EBITDA	14
Consolidated Statements of Funds from Operations	15
Additional Disclosures	16
Leasing Data
Tenant Concentration - Top Twenty Tenants	17
Recent Leasing Activity	18
Shopping Center Lease Expiration Schedule - All Tenants, Anchors, Shops	19-21
Shopping Center Lease Expiration Graph	22
Property Data
Annual Minimum Rent of Operating Properties by Metro/Market Breakout	23
Property Status Report	24-33
Real Estate Acquisitions and Dispositions	34
Real Estate Developments and Redevelopments	35
Debt Schedule Detail
Consolidated Debt Summary - Property Mortgage Detail	36-38
Consolidated Debt Summary - Unsecured Notes, Lines of Credit, and Total	39
Joint Venture Supplemental Data	40-47

Page 2

EQUITY ONE, INC
ANALYST COVERAGE
As of September 30, 2009
Barclays Capital	Ross Smotrich Ryan Bennett	(212) 526-2306 (212) 526-5309
BMO Capital Markets	Paul Adornato	(212) 885-4170
Citigroup Global Markets	Michael Bilerman Quentin Velleley	(212) 816-1383 (212) 816-6981
Credit Suisse	Andrew Rosivach	(415) 249-7942
Deutsche Bank	John Perry Vin Chao	(212) 250-4912 (212) 250-6799
Green Street Advisors	Jim Sullivan Nick Vedder	(949) 640-8780 (949) 640-8780
ISI Group	Steve Sakwa Ian Weissman	(212) 446-9462 (212) 446-9461
JP Morgan Securities Inc.	Michael W. Mueller, CFA Joseph Dazio	(212) 622-6689 (212) 622-6416
Macquarie Capital (USA) Inc.	David Wigginton	(212) 231-6380
Bank of America/Merrill Lynch	Craig Schmidt	(212) 449-1944
Raymond James & Assoc.	Paul D. Puryear R.J. Milligan	(727) 567-2253 (727) 567-2660
Royal Bank of Canada	Richard Moore Wes Golladay	(440) 715-2646 (440) 715-2650
Stifel, Nicolaus & Co., Inc.	David M. Fick, CPA Nathan Isbee	(410) 454-5018 (410) 454-4143
Miller Tabak	Tom Mitchell	(212) 370-0040 x8163

Page 3

EQUITY ONE, INC.

DISCLOSURES

As of September 30, 2009

Forward Looking Statements

Certain information contained in this Supplemental Information Package constitute forward-looking statements within the meaning of the federal securities laws.  Although Equity One believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that these expectations will be achieved.  Factors that could cause actual results to differ materially from current expectations include changes in macro-economic conditions and the demand for retail space in Florida, Georgia, Massachusetts and the other states in which Equity One owns properties; the continuing financial success of Equity One's current and prospective tenants; continuing supply constraints in its geographic markets; the availability of properties for acquisition; the success of its efforts to lease up vacant space; the effects of natural and other disasters; the ability of Equity One to successfully integrate the operations and systems of acquired companies and properties; and other risks, which are described in Equity One's filings with the Securities and Exchange Commission.

Basis of Presentation

The information contained in the Supplemental Information Package does not purport to disclose all items required by GAAP. The Company's Form 10-K for the year ended December 31, 2008 and Form 10-Q for the period ended September 30, 2009 should be read in conjunction with the above information. The results of operations of any property acquired are included in our financial statements since the date of its acquisition.

On January 14, 2009, we acquired an additional 1,237,676 ordinary shares of DIM Vastgoed, N.V. ("DIM") from Homburg Invest Inc. (“Homburg”) in a stock exchange agreement. Under the agreement, we issued 866,373 shares of our common stock in exchange for a total of 1,237,676 DIM shares or share equivalents (based on an exchange ratio of 0.7  Equity One shares for 1 DIM share).

In addition, we obtained from Homburg voting rights (the “Partex shares”) with respect to another 766,573 DIM shares that Homburg has the right to acquire on October 1, 2010 at a subsequent closing occurring no later than November 2010. Subject to certain conditions, the agreement also provides for us to acquire these DIM shares or share equivalents at the same 0.7 exchange ratio (or an aggregate of 536,601 shares of Equity One common stock) from Homburg once Homburg has acquired them. The agreement also provides for customary registration rights with respect to the Equity One common stock issued to Homburg.  As a result of the initial exchange and the voting rights agreement, we had at the time of the acquisition voting control over 74.6% of DIM’s ordinary shares, including 65.2% economic ownership.

We have consolidated the results of DIM's operations as of January 14, 2009.

EBITDA is a widely used performance measure and is provided as a supplemental measure of operating performance. We compute EBITDA as the sum of net income before extraordinary items, depreciation and amortization, income taxes, interest expense, gain (loss) on disposal of income producing properties, and impairment of real estate.  Given the nature of the Company's business as a real estate owner and operator, the Company believes that the use of EBITDA as opposed to earnings in various financial ratios is helpful to investors as a measure of our operational performance because EBITDA excludes various items included in earnings that do not relate to or are not indicative of our operating performance, such as gains and losses on sales of real estate and real estate related depreciation and amortization, and includes the results of operations of real estate properties that were sold or classified as real estate held for sale either during or subsequent to the end of a particular reporting period, which are included in earnings on a net basis. Accordingly, we believe that the use of EBITDA as opposed to earnings in various ratios provides a meaningful performance measure as it relates to our ability to meet various coverage tests for the stated periods.

EBITDA should not be considered as an alternative to earnings as an indicator of our financial performance, or as an alternative to cash flow from operating activities as a measure of our liquidity.  Our computation of EBITDA may differ from the methodology utilized by other companies to calculate EBITDA.  Investors are cautioned that items excluded from EBITDA are significant components in understanding and assessing the Company's financial performance.

Use of Funds from Operations as a Non-GAAP Financial Measure

We believe Funds from Operations (FFO) (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, particularly REITs. NAREIT stated in its April 2002 White Paper on FFO, "Historical cost accounting for real estate assets implicitly assumes that the value of real estate assets diminishes predictably over time.  Since real estate values 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 income (computed in accordance with GAAP), excluding (gains or losses) from sales of property, plus depreciation and amortization, and after adjustments for unconsolidated partnerships and joint ventures.  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 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. We believe net income is the most directly comparable GAAP measure to FFO.

Page 4

EQUITY ONE, INC.
SUMMARY FINANCIAL RESULTS AND RATIOS
As of September 30, 2009
(in thousands, except per share data)
	For the three months ended						For the nine months ended
	Sept 30, 2009			Sept 30, 2008			Sept 30, 2009			Sept 30, 2008
Summary Financial Results
Total revenues*	$	66,904		$	56,704		$	204,013		$	181,123
Adjusted EBITDA (see page 14)		41,846			36,085			125,740			121,129
Property net operating income		47,139			41,521			144,553			132,774
General & administrative expenses (G&A)* - Adjusted (1)		7,568			7,633			24,195			21,775
Net income (loss) attributable to Equity One	$	15,318		$	(21,395	)	$	74,511		$	28,876
Net income (loss) per diluted share		0.17			(0.29	)		0.89			0.39
Funds from operations (FFO)	$	31,338		$	(9,862	)	$	118,406		$	46,025
FFO per diluted share		0.36			(0.13	)		1.43			0.63
Total dividends paid per share	$	0.30		$	0.30		$	0.30		$	0.30
Weighted average diluted shares		86,648			73,452			83,018			73,510
Summary Operating and Financial Ratios
Core shopping center portfolio occupancy at end of period (see pages 24-31) (2)		90.1	%		92.3	%		90.1	%		92.3	%
Core same-property shopping center portfolio occupancy at end of period		90.2	%		92.2	%		90.2	%		92.2	%
Same-property NOI growth - cash basis (see page 13)  (2)		-4.5	%		-2.9	%		-3.6	%		N/A
NOI margin (see page 13)		70.8	%		73.6	%		71.3	%		73.8	%
Expense recovery ratio*		74.7	%		79.8	%		74.7	%		82.3	%
New, renewal and option rent spread - cash basis (see page 18) (2)		7.6	%		12.6	%		N/A			N/A
G&A expense to total revenues (1)		11.3	%		13.5	%		11.9	%		12.0	%
Net debt to total market capitalization (see page 7)		43.8	%		39.5	%		43.8	%		39.5	%
Net debt to Adjusted EBITDA (see page 14)		6.3			7.1			6.3			6.3
Adjusted EBITDA to interest expense* (see page 14)		2.4			2.4			2.3			2.6
Adjusted EBITDA to fixed charges* (see page 14)		1.9			2.0			1.9			2.2

Notes

* The indicated line item includes amounts reported in discontinued operations recoverable and nonrecoverable operating expenses.

(1) G&A expense for the nine months ended September 30, 2009 deducts one-time severance costs of $3.3 million and acquisition costs of $900K associated with the acquisition of our controlling interest in DIM Vastgoed and depreciation & amortization amounts included in G&A.

(2) Excludes DIM Vastgoed.

Page 5

EQUITY ONE, INC.

CONSOLIDATED BALANCE SHEETS

As of September 30, 2009

(in thousands)

	Sept 30, 2009			Dec 31, 2008			Dec 31, 2007
Assets
Properties
Income producing	$	2,299,867		$	1,900,513		$	2,047,993
Less: accumulated depreciation		(228,600	)		(196,151	)		(172,651	)
Income producing property, net		2,071,267			1,704,362			1,875,342
Construction in progress and land held for development		66,501			74,371			81,574
Properties held for sale		-			-			323
Properties, net		2,137,768			1,778,733			1,957,239
Cash and cash equivalents		14,632			5,355			1,313
Cash held in escrow		7,211			-			54,460
Accounts and other receivables, net		10,635			12,209			14,148
Investment and advances in real estate joint ventures		11,666			11,745			-
Marketable securities		698			160,585			72,299
Goodwill		11,845			11,845			12,496
Other assets (1)		104,044			55,791			62,429
Total Assets	$	2,298,499		$	2,036,263		$	2,174,384
Liabilities and stockholders' equity
Liabilities
Mortgage notes payable	$	621,552		$	371,077		$	397,112
Unsecured revolving credit facilities		19,998			35,500			37,000
Unsecured senior notes payable		441,136			657,913			744,685
Total debt		1,082,686			1,064,490			1,178,797
Unamortized/unaccreted (discount)/premium on notes payable		(24,257	)		5,225			10,042
Total notes payable		1,058,429			1,069,715			1,188,839
Deferred tax liabilities, net		53,341			1,409			-
Accounts payable and other liabilities (1)		89,281			54,652			68,624
Total liabilities		1,201,051			1,125,776			1,257,463
Redeemable noncontrolling interest		989			989			989
Total Stockholders' equity of Equity One, Inc.		1,072,392			909,498			915,932
Noncontrolling interest		24,067			-			-
Total Liabilities and Stockholders' Equity	$	2,298,499		$	2,036,263		$	2,174,384

Note:  Amounts in 2009 include consolidation of DIM Vastgoed.

(1) Amounts have been reclassified to conform to the 2009 presentation.

Page 6

EQUITY ONE, INC.

MARKET CAPITALIZATION

As of September 30, 2009

(in thousands)

	Sept 30, 2009			Dec 31, 2008			Dec 31, 2007
Closing market price of common stock	$	15.67		$	17.70		$	23.03
Common stock shares (in thousands)
Basic common shares		86,005.461			76,198.420			73,300.107
Diluted common shares
Unvested restricted common shares		24.520			29.360			55.707
DownREIT units (convertible into shares)		93.656			93.656			93.656
Common stock options (treasury method, closing price)		66.582			23.178			60.573
Shares for DIM Vastgoed contingent consideration		509.083			-			-
Diluted common shares		86,699.302			76,344.614			73,510.043
Equity market capitalization	$	1,358,578		$	1,351,300		$	1,692,936
Total debt (excluding unamortized/unaccreted premium/(discount))	$	1,082,686		$	1,064,490		$	1,178,797
Cash and equivalents (including cash held in escrow)		(21,843	)		(5,355	)		(55,773	)
Net debt		1,060,843			1,059,135			1,123,024
Equity market capitalization		1,358,578			1,351,300			1,692,936
Total market capitalization	$	2,419,421		$	2,410,435		$	2,815,961
Net debt to total market capitalization at current market price		43.8	%		43.9	%		39.9	%
Net debt to total market capitalization at constant share price of $17.70		40.9	%		43.9	%		46.3	%
Gross real estate and securities investments	$	2,367,066		$	2,135,469		$	2,202,189
Net debt to gross real estate and securities investments		44.8	%		49.6	%		51.0	%

Note:  Amounts in 2009 include consolidation of DIM Vastgoed.

Page 7

EQUITY ONE, INC.

DEBT SUMMARY

As of September 30, 2009

(in thousands)

	Sept 30, 2009			Dec 31, 2008			Dec 31, 2007
Fixed rate debt	$	1,062,688		$	928,041		$	1,042,112
Fixed rate debt - swapped to variable rate		-			100,949			99,685
Variable rate debt - unhedged		19,998			35,500			37,000
Total debt*	$	1,082,686		$	1,064,490		$	1,178,797
% Fixed rate debt		98.1	%		87.2	%		88.4	%
% Fixed rate debt - swapped to variable rate		0.0	%		9.5	%		8.5	%
% Variable rate debt - unhedged		1.9	%		3.3	%		3.1	%
Total		100.0	%		100.0	%		100.0	%
% Variable rate debt - total		1.9	%		12.8	%		11.6	%
Secured mortgage debt	$	621,552		$	371,077		$	397,112
Unsecured debt		461,134			693,413			781,685
Total debt*	$	1,082,686		$	1,064,490		$	1,178,797
% Secured mortgage debt		57.4	%		34.9	%		33.7	%
% Unsecured debt		42.6	%		65.1	%		66.3	%
Total		100.0	%		100.0	%		100.0	%
Total market capitalization (from page 7)	$	2,419,421		$	2,410,435		$	2,815,960
% Secured mortgage debt		25.7	%		15.4	%		14.1	%
% Unsecured debt		19.0	%		28.8	%		27.8	%
Total debt : Total market capitalization		44.7	%		44.2	%		41.9	%
Weighted-average interest rate on secured mortgage debt*(1)		6.8	%		7.2	%		7.4	%
Weighted-average interest rate on senior unsecured notes(1)		5.9	%		5.7	%		5.7	%
Weighted-average interest rate on total debt*(1)		6.4	%		6.3	%		N/A
Interest rate on revolving credit facilities		1.7	%		2.1	%		5.0	%
Weighted-average maturity on mortgage debt*	4.4 years			5.0 years			4.5 years
Weighted-average maturity on senior unsecured notes	7.1 years			6.5 years			6.7 years
Weighted-average maturity on total debt*	5.5 years			5.9 years				N/A

Note:  Amounts in 2009 include consolidation of DIM Vastgoed.

 * Excluding unamortized/unaccreted premium/(discount)

(1) Weighted average interest rates are calculated based on term to maturity and include scheduled principal amortization.

Page 8

EQUITY ONE, INC.

CONSOLIDATED DEBT MATURITY SCHEDULE

As of September 30, 2009

(in thousands)

	Secured Debt *				Unsecured Debt
Maturity schedule by year	Scheduled amortization		Balloon payments		Revolving Credit Facilities (1)		Senior Notes		Total		Weighted average interest rate at maturity			Percent of debt maturing
2009	$	3,370	$	52,036	$	-	$	-	$	55,406		7.80	%		5.1	%
2010		13,421		72,076		-		-		85,497		8.22	%		7.9	%
2011		12,434		68,570		19,998		-		101,002		6.03	%		9.3	%
2012		11,530		44,479		-		10,000		66,009		6.97	%		6.1	%
2013		11,017		54,127		-		-		65,144		6.25	%		6.0	%
2014		9,823		24,950		-		-		34,773		5.77	%		3.2	%
2015		7,057		69,093		-		107,505		183,655		5.31	%		17.0	%
2016		5,397		51,489		-		105,230		162,116		5.96	%		15.0	%
2017		4,746		17,242		-		218,401		240,389		6.10	%		22.2	%
2018		4,565		56,623		-		-		61,188		6.27	%		5.7	%
Thereafter		19,199		8,308		-		-		27,507		7.82	%		2.5	%
Total	$	102,559	$	518,993	$	19,998	$	441,136	$	1,082,686		6.25	%		100.0	%

(1) Represents the entire principal balance of a maturing loan on the maturity date.  Credit facilities are shown as due on the initial maturity dates, though certain extension options may be available.

* Includes 22 loans related to DIM Vastgoed properties.

Page 9

EQUITY ONE, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

As of September 30, 2009

(in thousands, except per share data)

	Three months ended						Percent			Nine months ended						Percent
	Sept 30, 2009			Sept 30, 2008			Change			Sept 30, 2009			Sept 30, 2008			Change
REVENUE:
Minimum rent	$	51,849		$	44,102					$	157,176		$	138,400
Expense recoveries		14,527			11,838						43,428			38,554
Percentage rent		126			190						1,516			1,803
Management and leasing services		322			326						1,316			1,323
Total revenue		66,824			56,456			18.4	%		203,436			180,080			13.0	%
COSTS AND EXPENSES:
Property operating		19,518			14,852						58,188			46,894
Rental property depreciation and amortization		15,438			11,259						45,611			34,671
General and administrative		7,772			7,837						29,021			22,343
Total costs and expenses		42,728			33,948			25.9	%		132,820			103,908			27.8	%
INCOME BEFORE OTHER INCOME AND EXPENSE AND DISCONTINUED OPERATIONS		24,096			22,508						70,616			76,172
OTHER INCOME AND EXPENSE:
Investment income		6,772			1,245						10,035			8,051
Equity in income (loss) in real estate joint ventures		(9	)		74						(37	)		244
Other income		325			626						1,409			714
Interest expense		(17,733	)		(15,182	)					(55,425	)		(46,578	)
Amortization of deferred financing fees		(369	)		(420	)					(1,135	)		(1,268	)
Other-than-temporary impairment loss on available for sale securities		-			(32,688	)					-			(32,688	)
Gain on acquisition of controlling interest in subsidiary		-			-						26,866			-
Gain on sale of real estate		-			57						-			18,513
Gain on extinguishment of debt		160			2,298						12,395			5,374
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE TAX AND DISCONTINUED OPERATIONS		13,242			(21,482	)					64,724			28,534
Income tax benefit (provision) of taxable REIT subsidiaries		774			(78	)					2,263			73
INCOME (LOSS) FROM CONTINUING OPERATIONS		14,016			(21,560	)		-165.0	%		66,987			28,607			134.2	%
DISCONTINUED OPERATIONS:
Operations of income producing properties sold or held for sale		152			234						598			821
Gain (loss) on disposal of income producing properties		580			(69	)					5,373			(552	)
INCOME (LOSS) FROM DISCONTINUED OPERATIONS		732			165						5,971			269
NET INCOME (LOSS)	$	14,748		$	(21,395	)		-168.9	%	$	72,958		$	28,876			152.7	%
Net loss attributable to noncontrolling interest		570			-						1,553			-
NET INCOME ATTRIBUTABLE TO EQUITY ONE, INC.	$	15,318		$	(21,395	)				$	74,511		$	28,876
EARNINGS PER COMMON SHARE - BASIC:
Continuing operations		0.17			(0.29	)					0.83			0.39
Discontinued operations		0.01			-						0.07			-
NET INCOME (LOSS)	$	0.18		$	(0.29	)		-162.1	%	$	0.90		$	0.39			130.8	%
EARNINGS PER COMMON SHARE - DILUTED:
Continuing operations		0.17			(0.29	)					0.82			0.39
Discontinued operations		0.01			-						0.07			-
NET INCOME (LOSS)	$	0.17		$	(0.29	)		-158.6	%	$	0.89		$	0.39			128.2	%
Weighted average shares outstanding
Basic		85,959			73,452						82,374			73,405
Diluted		86,648			73,452						83,018			73,510

Note:  Amounts in 2009 include consolidation of DIM Vastgoed. Diluted EPS for the 3 months ended 2009 does not foot due to the mathematical rounding of the individual calculations.

Page 10

EQUITY ONE, INC.

PRO FORMA FINANCIAL INFORMATION FOR DISCONTINUED OPERATIONS

For the quarter ended September 30, 2009

(in thousands)

	Three months ended									Nine months ended
	Sept 30, 2009									Sept 30, 2009
	As			Disc. Ops			Pre Disc.			As			Disc. Ops			Pre Disc.
	Reported			Total			Ops			Reported			Total			Ops
REVENUE:
Minimum rent	$	51,849		$	80		$	51,929		$	157,176		$	559		$	157,735
Expense recoveries		14,527			-			14,527			43,428			18			43,446
Percentage rent		126			-			126			1,516			-			1,516
Management and leasing services		322			-			322			1,316			-			1,316
Total revenue		66,824			80			66,904			203,436			577			204,013
COSTS AND EXPENSES:
Property operating		19,518			(75	)		19,443			58,188			(44	)		58,144
Rental property depreciation and amortization		15,438			3			15,441			45,611			23			45,634
General and administrative		7,772			-			7,772			29,021			-			29,021
Total costs and expenses		42,728			(72	)		42,656			132,820			(21	)		132,799
INCOME BEFORE OTHER INCOME AND EXPENSE AND DISCONTINUED OPERATIONS		24,096			152			24,248			70,616			598			71,214
OTHER INCOME AND EXPENSE:
Investment income		6,772			-			6,772			10,035			-			10,035
Equity in (loss) real estate joint ventures		(9	)		-			(9	)		(37	)		-			(37	)
Other income		325			-			325			1,409			-			1,409
Interest expense		(17,733	)		-			(17,733	)		(55,425	)		-			(55,425	)
Amortization of deferred financing fees		(369	)		-			(369	)		(1,135	)		-			(1,135	)
Other-than-temporary impairment loss on available for sale securities		-			-			-			-			-			-
Gain on sale of real estate		-			580			580			-			5,373			5,373
Gain on acquisition of controlling interest in subsidiary		-			-			-			26,866			-			26,866
Gain on extinguishment of debt		160			-			160			12,395			-			12,395
INCOME FROM CONTINUING OPERATIONS BEFORE TAX AND DISCONTINUED OPERATIONS		13,242			732			13,974			64,724			5,971			70,695
Income tax benefit of taxable REIT subsidiaries		774			-			774			2,263			-			2,263
INCOME FROM CONTINUING OPERATIONS		14,016			732			14,748			66,987			5,971			72,958
DISCONTINUED OPERATIONS:
Operations of income producing properties sold or held for sale		152			(152	)		-			598			(598	)		-
Gain on disposal of income producing properties		580			(580	)		-			5,373			(5,373	)		-
Income from discontinued operations		732			(732	)		-			5,971			(5,971	)		-
Net loss attributable to noncontrolling interest		570						570			1,553			-			1,553
NET INCOME ATTRIBUTABLE TO EQUITY ONE, INC.	$	15,318		$	-		$	15,318		$	74,511		$	-		$	74,511

Note: The Company adopted accounting for the impairment or disposal of long-lived assets, effective January 1, 2002. This requires that operating results of income producing real estate assets that are sold or held for sale be included in discontinued operations in the statement of earnings for all periods presented. The above table presents results of the assets sold or held for sale.

Amounts in 2009 include consolidation of DIM Vastgoed.

Page 11

EQUITY ONE, INC.

PRO FORMA FINANCIAL INFORMATION FOR DISCONTINUED OPERATIONS

For the quarter ended September 30, 2009

(in thousands)

	Three months ended									Nine months ended
	Sept 30, 2008									Sept 30, 2008
	As			Disc. Ops			Pre Disc.			As			Disc. Ops			Pre Disc.
	Reported			Total			Ops			Reported			Total			Ops
REVENUE:
Minimum rent	$	44,102		$	236		$	44,338		$	138,400		$	879		$	139,279
Expense recoveries		11,838			12			11,850			38,554			164			38,718
Percentage rent		190			-			190			1,803			-			1,803
Management and leasing services		326			-			326			1,323			-			1,323
Total revenue		56,456			248			56,704			180,080			1,043			181,123
COSTS AND EXPENSES:
Property operating		14,852			5			14,857			46,894			132			47,026
Rental property depreciation and amortization		11,259			9			11,268			34,671			90			34,761
General and administrative		7,837			-			7,837			22,343			-			22,343
Total costs and expenses		33,948			14			33,962			103,908			222			104,130
INCOME BEFORE OTHER INCOME AND EXPENSE AND DISCONTINUED OPERATIONS		22,508			234			22,742			76,172			821			76,993
OTHER INCOME AND EXPENSE:
Investment income		1,245			-			1,245			8,051			-			8,051
Equity in income of real estate joint ventures		74			-			74			244			-			244
Other income		626			-			626			714			-			714
Interest expense		(15,182	)		-			(15,182	)		(46,578	)		-			(46,578	)
Amortization of deferred financing fees		(420	)		-			(420	)		(1,268	)		-			(1,268	)
Other-than-temporary impairment loss on available for sale securities		(32,688	)		-			(32,688	)		(32,688	)		-			(32,688	)
Gain on sale of real estate		57			(69	)		(12	)		18,513			(552	)		17,961
Gain on extinguishment of debt		2,298			-			2,298			5,374						5,374
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE TAX AND DISCONTINUED OPERATIONS		(21,482	)		165			(21,317	)		28,534			269			28,803
Income tax benefit of taxable REIT subsidiaries		(78	)		-			(78	)		73			-			73
INCOME (LOSS) FROM CONTINUING OPERATIONS		(21,560	)		165			(21,395	)		28,607			269			28,876
DISCONTINUED OPERATIONS:
Operations of income producing properties sold or held for sale		234			(234	)		-			821			(821	)		-
Loss on disposal of income producing properties		(69	)		69			-			(552	)		552			-
Income from discontinued operations		165			(165	)		-			269			(269	)		-
NET INCOME (LOSS) ATTRIBUTABLE TO EQUITY ONE, INC.	$	(21,395	)	$	-		$	(21,395	)	$	28,876		$	-		$	28,876

Note: The Company adopted accounting for the impairment or disposal of long-lived assets, effective January 1, 2002. This requires that operating results of income producing real estate assets that are sold or held for sale be included in discontinued operations in the statement of earnings for all periods presented. The above table presents results of the assets sold or held for sale.

Amounts in 2009 include consolidation of DIM Vastgoed.

Page 12

EQUITY ONE, INC.

NET OPERATING INCOME

For the quarter ended September 30, 2009

(in thousands)

	Three months ended						Percent			Nine months ended						Percent
	Sept 30, 2009			Sept 30, 2008			Change			Sept 30, 2009			Sept 30, 2008			Change
Total net operating income(1)
Total rental revenue	$	66,582		$	56,378			18.1	%	$	202,697		$	179,800			12.7	%
Property operating expenses		19,443			14,857			30.9	%		58,144			47,026			23.6	%
Net operating income	$	47,139		$	41,521			13.5	%	$	144,553		$	132,774			8.9	%
NOI margin (NOI / Total rental revenue)		70.8	%		73.6	%					71.3	%		73.8	%
Same-property NOI (2)
Total rental revenue	$	54,175		$	54,085			0.2	%		163,940			163,355			0.4	%
Property operating expenses (3)		17,951			16,164			11.1	%		53,097			48,416			9.7	%
Net operating income (at end of period)	$	36,224		$	37,921			(4.5	%)	$	110,843		$	114,939			(3.6	%)
Growth in same property NOI		(4.5	%)								(3.6	%)
Number of properties included in analysis		145									144

(1) Amounts included in discontinued operations have been included for purposes of this presentation of net operating income.  Includes results of DIM for the three and nine month periods in 2009.

(2) Retail centers only.  Excludes the effects of straight-line rent, lease termination fees, and prior year expense recoveries and adjustments, if any.

(3) Property operating expenses include intercompany management fee expense.

Page 13

EQUITY ONE, INC.

EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION and AMORTIZATION (EBITDA)

For the quarter ended September 30, 2009

(in thousands)

	Three months ended						Nine months ended
	Sept 30, 2009			Sept 30, 2008			Sept 30, 2009			Sept 30, 2008
Net income (loss) attributable to Equity One, Inc.	$	15,318		$	(21,395	)	$	74,511		$	28,876
Net loss attributable to noncontrolling interest		570			-			1,553			-
Rental property depreciation and amortization*		15,441			11,268			45,634			34,761
Other depreciation and amortization		204			204			626			568
Interest expense*		17,733			15,182			55,425			46,578
Amortization of deferred financing fees*		369			420			1,135			1,268
Other-than-temporary impairment loss on available for sale securities		-			32,688			-			32,688
Loss (gain) on sale of depreciable income producing real estate		1,758			12			1,758			(17,961	)
Gain on extinguishment of debt		(160	)		(2,298	)		(12,395	)		(5,374	)
Gain on acquisition of controlling interest in subsidiary		-			-			(26,866	)		-
Income tax benefit (provision) of taxable REIT subsidiaries		(774	)		78			(2,263	)		(73	)
Equity in income (loss) of real estate joint ventures		9			(74	)		37			(244	)
(Gain) loss on sale of real estate		(2,338	)		-			(7,131	)		42
(Gain) on sale of investment in equity securities		(6,284	)		-			(6,284	)		-
Adjusted EBITDA(1)	$	41,846		$	36,085		$	125,740		$	121,129
Interest expense*(2)	$	17,733		$	15,182		$	55,425		$	46,578
Adjusted EBITDA to interest expense*		2.4			2.4			2.3			2.6
Fixed charges
Interest expense*(2)	$	17,733		$	15,182		$	55,425		$	46,578
Scheduled principal amortization (3)		3,791			2,549			10,292			7,853
Total fixed charges	$	21,524		$	17,731		$	65,717		$	54,431
Adjusted EBITDA to fixed charges*		1.9			2.0			1.9			2.2
Net debt to Adjusted EBITDA (4)		6.3			7.1			6.3			6.3
Total market capitalization (see page 7)	$	2,419,421		$	2,581,508		$	2,419,421		$	2,581,508

Note:  Amounts in 2009 include consolidation of DIM Vastgoed.

* The indicated line item includes amounts reported in discontinued operations.

(1) Adjusted EBITDA: excludes non-recurring gains and losses on asset sales, debt extinguishment, impairments, and one-time items that would generally be adjusted in rating agency computations of EBITDA.

(2) Interest expense includes non-cash amortization of debt (discount) attributable to DIM of $881K for the three month period and $2.7m for the nine month period ended September 30, 2009.

(3) Excludes balloon payments upon maturity.

(4) Adjusted EBITDA for the three and nine month periods have been annualized.

Page 14

EQUITY ONE, INC.

CONSOLIDATED STATEMENTS OF FUNDS FROM OPERATIONS

For the quarter ended September 30, 2009

(in thousands, except per share data)

	Three months ended					Nine months ended
	Sept 30, 2009		Sept 30, 2008			Sept 30, 2009		Sept 30, 2008
Net income (loss) attributable to Equity One, Inc.	$	15,318	$	(21,395	)	$	74,511	$	28,876
Adjustments:
Rental property depreciation and amortization, including discontinued operations, net of noncontrolling interest		13,903		11,268			41,078		34,761
Loss (gain) on disposal of income producing properties		1,758		12			1,758		(18,003	)
Pro rata share of real estate depreciation from unconsolidated JV		359		253			1,059		391
Funds from operations	$	31,338	$	(9,862	)	$	118,406	$	46,025
Earnings per diluted share attributable to Equity One, Inc.	$	0.17	$	(0.29	)	$	0.89	$	0.39
Adjustments:
Rental property depreciation and amortization, including discontinued operations, net of noncontrolling interest		0.16		0.15			0.49		0.47
Loss (gain) on disposal of income producing properties		0.02		-			0.02		(0.24	)
Pro rata share of real estate depreciation from unconsolidated JV		-		-			0.01		0.01
Net adjustment for unvested shares and noncontrolling interest (1)		0.01		0.01			0.02		-
Funds from operations per diluted share	$	0.36	$	(0.13	)	$	1.43	$	0.63
Weighted average diluted shares		86,648		73,452			83,018		73,510

Note:  Amounts in 2009 include consolidation of DIM Vastgoed.

(1) Includes net effect of (a) an adjustment for unvested awards of share-based payments with rights to receive dividends or dividend equivalents and (b) an adjustment related to the possible share issuance in the fourth quarter of 2010 pursuant to the DIM stock exchange agreement.

Page 15

EQUITY ONE, INC.

ADDITIONAL DISCLOSURES

For the quarter ended September 30, 2009

(in thousands)

				Three months ended						Nine months ended
				Sept 30, 2009			Sept 30, 2008			Sept 30, 2009			Sept 30, 2008
Certain non-cash items:
Amortization of deferred financing fees				$	369		$	420		$	1,135		$	1,268
Amortization of above/below market rent intangibles					(1,552	)		(867	)		(4,632	)		(2,858	)
Amortization of restricted stock and stock option expense					1,511			1,606			6,212			4,822
Straight line rent					(512	)		(194	)		(1,552	)		(603	)
Capitalized interest					(317	)		(666	)		(1,004	)		(2,142	)
Amortization of debt (premium)/discount					530			(432	)		1,638			(1,540	)
Total non-cash items				$	29		$	(133	)	$	1,797		$	(1,053	)
Certain capital expenditures:
Tenant improvements				$	(816	)	$	(417	)	$	(2,943	)	$	(4,697	)
Leasing commissions and costs					(955	)		(1,107	)		(2,781	)		(4,195	)
Total tenant improvements and leasing costs				$	(1,771	)	$	(1,524	)	$	(5,724	)	$	(8,892	)
Certain balance sheet accounts at 09/30/09:
Straight line rent receivable, net	$	15,317
Lease intangibles asset, net		38,010
Lease intangibles liability, net		(39,710	)
Deferred expenses, net		24,593
Total balance sheet accounts	$	38,210
Liquidity as of 09/30/09:
Cash and Equivalents	$	14,632
Marketable Securities		698
Available under Line of Credit		215,373
Total Available Funds	$	230,703

Note:  Amounts in 2009 include consolidation of DIM Vastgoed.

Page 16

EQUITY ONE, INC.

TENANT CONCENTRATION SCHEDULE

CONSOLIDATED PROPERTIES

As of September 30, 2009

Tenant	Number of stores		Credit Rating S&P/Moody's		Square feet		% of total square feet			Annualized minimum rent		% of total annualized minimum rent			Average annual minimum rent per square foot
Top twenty tenants
Publix		52		N/A		2,303,366		14.5	%	$	18,097,419		10.8	%	$	7.86
Supervalu		7	BB-/Ba3			458,273		2.9	%		8,302,236		5.0	%		18.12
Kroger		12	BBB/Baa2			679,082		4.3	%		5,379,703		3.2	%		7.92
Bed, Bath & Beyond		8	BBB			261,332		1.7	%		3,079,214		1.8	%		11.78
Winn Dixie		9		N/A		398,128		2.5	%		2,892,815		1.7	%		7.27
LA Fitness		3		N/A		144,307		0.9	%		2,592,221		1.6	%		17.96
CVS Pharmacy		13	BBB+/Baa2			143,460		0.9	%		2,315,237		1.4	%		16.14
TJ Maxx		8		A/A3		248,658		1.6	%		2,253,890		1.3	%		9.06
Office Depot		7		B/B2		179,837		1.1	%		2,062,123		1.2	%		11.47
Kmart		5	BB-/Ba2			439,558		2.8	%		1,939,705		1.2	%		4.41
Blockbuster		18	B-/Caa1			93,355		0.6	%		1,870,817		1.1	%		20.04
Food Lion		6	Baa3			241,934		1.5	%		1,850,161		1.1	%		7.65
Dollar Tree		17		N/A		184,420		1.2	%		1,326,974		0.8	%		7.20
Stein Mart		4		N/A		158,472		1.0	%		1,207,286		0.7	%		7.62
Bi-Lo		3		N/A		124,210		0.8	%		1,173,583		0.7	%		9.45
H&R Block		30	BBB			48,764		0.3	%		1,060,554		0.6	%		21.75
Walgreens		4		A+/A2		64,868		0.4	%		992,746		0.6	%		15.30
Albertsons		3	BB-/Ba3			175,470		1.1	%		991,390		0.6	%		5.65
Big Lots		5	BBB-			169,741		1.1	%		978,213		0.6	%		5.76
Memorial Healthcare		1		B+		61,000		0.4	%		944,352		0.6	%		15.48
Sub-total top twenty tenants		215				6,578,235		41.6	%	$	61,310,639		36.6	%	$	9.32
Remaining tenants		2,219				7,684,680		48.5	%		106,407,011		63.4	%		13.85
Sub-total all tenants		2,434				14,262,915		90.1	%	$	167,717,650		100.0	%	$	11.92
Vacant		598				1,561,258		9.9	%	NA		NA			NA
Total including vacant		3,032				15,824,173		100.0	%	$	167,717,650		100.0	%	NA

Note:  Excludes developments, non-retail properties, and DIM properties.

Page 17

EQUITY ONE, INC.

RECENT LEASING ACTIVITY

For the three months ended September 30, 2009

Category	Total Leases		Total Sq. Ft.		Same Space Sq. Ft.		Prior Rent PSF		New Rent PSF		Rent Spread			Same Space TIs PSF
New Leases (1)		43		198,732		198,732	$	10.59	$	13.18		24.4	%	$	32.04
Renewals		81		224,348		224,348		13.24		12.82		-3.2	%		0.77
Options		7		141,142		141,142		4.65		4.75		2.2	%		-
Total New, Renewals & Options		131		564,222		564,222	$	10.16	$	10.93		7.6	%	$	11.59

Note: Prior rent and new rent are presented on a "cash basis", not on a straight-line basis.  Excludes new developments, non-retail properties and DIM Portfolio.

(1) Rent spreads for new leases reflect same-space leasing where amount of rent paid by prior tenant is available.

Page 18

EQUITY ONE, INC.

SHOPPING CENTER LEASE EXPIRATION SCHEDULE

CONSOLIDATED PROPERTIES

As of September 30, 2009

ALL TENANTS
Date	Number of leases		Square feet		Percent of total square feet			Annualized minimum rent at expiration		Percent of total annualized minimum rent			Average annual minimum rent per square foot
M-T-M		78		129,703		0.8	%	$	2,006,306		1.1	%	$	15.47
2009		150		375,215		2.4	%		5,491,989		3.1	%		14.64
2010		539		2,046,970		12.9	%		23,721,087		13.2	%		11.59
2011		489		2,056,704		13.0	%		26,753,743		14.9	%		13.01
2012		423		1,927,910		12.2	%		23,522,585		13.1	%		12.20
2013		301		1,536,043		9.7	%		20,620,259		11.5	%		13.42
2014		215		1,490,538		9.4	%		16,149,151		9.0	%		10.83
2015		47		438,045		2.8	%		4,915,848		2.7	%		11.22
2016		36		926,269		5.9	%		14,095,486		7.8	%		15.22
2017		29		507,121		3.2	%		6,527,812		3.6	%		12.87
2018		29		369,185		2.3	%		4,811,842		2.7	%		13.03
Thereafter		98		2,459,212		15.5	%		31,073,369		17.3	%		12.64
Sub-total / average		2,434		14,262,915		90.1	%	$	179,689,477		100.0	%	$	12.60
									.
Vacant		598		1,561,258		9.9	%	NA		NA			NA
Total / average		3,032		15,824,173		100.0	%	$	179,689,477		100.0	%	NA

Note:  Excludes developments, non-retail properties, and DIM properties.

Page 19

EQUITY ONE, INC.

SHOPPING CENTER LEASE EXPIRATION SCHEDULE

CONSOLIDATED PROPERTIES

As of September 30, 2009

ANCHOR TENANTS (SF >= 10,000)
Date	Number of leases		Square feet		Percent of total square feet			Annualized minimum rent at expiration		Percent of total annualized minimum rent			Average annual minimum rent per square foot
M-T-M		-		-		-		$	-		-		$	-
2009		4		97,442		1.0	%		586,168		0.7	%	$	6.02
2010		37		1,024,631		10.3	%		6,078,191		7.0	%	$	5.93
2011		40		1,108,240		11.2	%		8,647,026		10.0	%	$	7.80
2012		32		1,066,728		10.8	%		7,003,072		8.1	%	$	6.57
2013		27		870,263		8.8	%		6,510,645		7.5	%	$	7.48
2014		31		1,033,753		10.4	%		7,357,229		8.5	%	$	7.12
2015		12		342,546		3.5	%		2,611,021		3.0	%	$	7.62
2016		17		853,255		8.6	%		12,483,803		14.4	%	$	14.63
2017		11		413,474		4.2	%		4,591,709		5.3	%	$	11.11
2018		9		302,861		3.1	%		3,151,098		3.6	%	$	10.40
Thereafter		58		2,324,574		23.5	%		27,569,862		31.9	%	$	11.86
Sub-total / average		278		9,437,767		95.4	%	$	86,589,824		100.0	%	$	9.17
Vacant		17		451,061		4.6	%	NA		NA			NA
Total / average		295		9,888,828		100.0	%	$	86,589,824		100.0	%	NA

Note:  Excludes developments, non-retail properties, and DIM properties.

Page 20

EQUITY ONE, INC.

SHOPPING CENTER LEASE EXPIRATION SCHEDULE

CONSOLIDATED PROPERTIES

As of September 30, 2009

SHOP TENANTS (SF < 10,000)
Date	Number of leases		Square feet		Percent of total square feet			Annualized minimum rent at expiration		Percent of total annualized minimum rent			Average annual minimum rent per square foot
M-T-M		78		129,703		2.2	%	$	2,006,306		2.2	%	$	15.47
2009		146		277,773		4.7	%		4,905,821		5.3	%		17.66
2010		502		1,022,339		17.2	%		17,642,896		18.9	%		17.26
2011		449		948,464		16.0	%		18,106,717		19.5	%		19.09
2012		391		861,182		14.5	%		16,519,513		17.7	%		19.18
2013		274		665,780		11.2	%		14,109,614		15.1	%		21.19
2014		184		456,785		7.7	%		8,791,922		9.4	%		19.25
2015		35		95,499		1.6	%		2,304,827		2.5	%		24.13
2016		19		73,014		1.2	%		1,611,683		1.7	%		22.07
2017		18		93,647		1.6	%		1,936,103		2.1	%		20.67
2018		20		66,324		1.1	%		1,660,744		1.8	%		25.04
Thereafter		40		134,638		2.3	%		3,503,507		3.8	%		26.02
Sub-total / average		2,156		4,825,148		81.3	%	$	93,099,653		100.0	%	$	19.29
Vacant		581		1,110,197		18.7	%	NA		NA			NA
Total / average		2,737		5,935,345		100.0	%	$	93,099,653		100.0	%	NA

Note:  Excludes developments, non-retail properties, and DIM properties.

Page 21

EQUITY ONE, INC.

SHOPPING CENTER LEASE EXPIRATION GRAPH

CONSOLIDATED PROPERTIES

As of September 30, 2009

Note:  Excludes developments, non-retail properties, and DIM properties.

Page 22

EQUITY ONE, INC.

ANNUAL MINIMUM RENT OF OPERATING PROPERTIES BY METRO/REGION

As of September 30, 2009

Metro or Region	# Properties		Total SF		AMR at 9/30/09		% of AMR
Broward County, FL		13		1,937,414		24,302,780		14.5	%
Miami Dade County, FL		11		1,218,364		17,480,264		10.4	%
Palm Beach County, FL		10		1,090,884		12,998,511		7.8	%
South Florida		34		4,246,662		54,781,555		32.7	%
Atlanta, GA		19		1,933,440		23,073,430		13.8	%
Orlando, FL		10		1,130,685		13,364,654		8.0	%
Tampa- St. Petersburg, FL		12		1,094,802		10,501,924		6.3	%
Naples/Cape Coral/Venice, FL		8		885,156		7,759,567		4.6	%
Jacksonville, FL		6		781,644		8,070,150		4.8	%
Boston, MA		6		401,454		8,607,799		5.1	%
Florida Treasure/Northeast Coast		8		711,278		7,601,831		4.5	%
Lafayette, LA		5		714,691		3,748,797		2.2	%
New Orleans, LA		4		458,125		3,621,921		2.2	%
Baton Rouge, LA		3		349,146		3,077,167		1.8	%
Raleigh Durham, NC		3		309,701		2,294,954		1.4	%
Florida Panhandle		2		140,803		1,274,416		0.8	%
Greenville, SC		2		161,176		2,097,235		1.2	%
Hilton Head-Beaufort, SC		1		166,639		2,142,691		1.3	%
Hartford, CT		1		213,323		2,255,856		1.3	%
Other		21		2,125,448		13,443,702		8.0	%
Total		145		15,824,173	$	167,717,650		100.0	%

Page 23

EQUITY ONE, INC.

PROPERTY STATUS REPORT

As of September 30, 2009

								Number of tenants		Supermarket anchor
Property	City		Year Built /Renovated		Total Sq. Ft. Owned	Percent Leased		Leased	Vacant	Owned sq. ft.		Name	Expiration Date	Other anchor tenants	Average base rent per leased SF
ALABAMA (2)
Madison Centre	Madison		1997		64,837	97.5%		12	1	37,912		Publix	06/01/17	Rite Aid	$  9.87
Winchester Plaza	Huntsville		2006		75,700	90.2%		14	5	45,600		Publix	08/31/26		11.73
TOTAL SHOPPING CENTERS ALABAMA (2)					140,537	93.6%		26	6	83,512					$  10.84
CONNECTICUT (1)
Brookside Plaza**	Enfield		1985 / 2006		213,323	90.7%		23	5	59,648		Shaw's	08/31/10	Bed Bath & Beyond / Walgreens / Staples /Petsmart	$  11.66
TOTAL SHOPPING CENTERS CONNECTICUT (1)					213,323	90.7%		23	5	59,648					$  11.66
FLORIDA (80)
Orlando / Central Florida (10)
Alafaya Commons	Orlando		1987		126,333	95.1%		26	4	54,230		Publix	11/30/10		$  14.17
Alafaya Village	Orlando		1986		38,118	92.7%		14	2					Metro Fitness (shadow)	20.52
Conway Crossing	Orlando		2002		76,321	82.4%		12	6	44,271		Publix	04/30/22		11.33
Eastwood, Shoppes of	Orlando		1997		69,037	100.0%		13	-	51,512		Publix	11/01/17		12.43
Hunter's Creek	Orlando		1998		73,204	98.2%		9	1					Office Depot / Lifestyle Family Fitness	13.72
Kirkman Shoppes	Orlando		1973		88,820	98.6%		29	1					Party America	18.85
Lake Mary Centre		1988 / 2001		340,434	95.1%		61	26	63,139		Albertsons	06/30/12		Kmart / Lifestyle Fitness Center /    Office Depot	13.03
Park Promenade	Orlando		1987 / 2000		128,848	77.7%		17	9					Beauty Depot / Orange County Library	7.67
Town & Country	Kissimmee		1993		72,043	95.6%		12	2	52,883		Albertsons*	10/31/18		8.45
												(Ross Dress For Less)
Unigold Shopping Center	Winter Park		1987		117,527	83.0%		18	7	52,500		Winn-Dixie	04/30/12		11.91
Jacksonville / North Florida (8)
Atlantic Village	Atlantic Beach, FL		1984		100,559	89.9%		20	5	39,795		Publix	10/31/13	Jo-Ann Fabric & Crafts	11.29
Beauclerc Village	Jacksonville		1962 / 1988		68,846	94.8%		8	3					Big Lots / Goodwill / Bealls Outlet	9.02
Forest Village	Tallahassee		2000		71,526	86.7%		13	3	37,866		Publix	04/30/20		10.86
Ft. Caroline	Jacksonville		1985 / 1995		74,546	87.0%		7	6	45,500		Winn-Dixie	05/31/15	Citi Trends	7.30

Page 24

EQUITY ONE, INC.

PROPERTY STATUS REPORT

As of September 30, 2009

					Number of tenants		Supermarket anchor
Property	City	Year Built /Renovated	Total Sq. Ft. Owned	Percent Leased	Leased	Vacant	Owned sq. ft.	Name	Expiration Date	Other anchor tenants	Average base rent per leased SF
Medical & Merchants	Jacksonville	1993	156,153	90.4%	11	6	55,999	Publix	02/10/13	Memorial Hospital	$  13.00
Middle Beach  Shopping Center	Panama City Beach	1994	69,277	97.0%	7	2	56,077	Publix*	09/30/14		8.94
Oak Hill	Jacksonville	1985 / 1997	78,492	94.3%	17	3	39,795	Publix	03/11/15	Beall's	7.84
South Beach**	Jacksonville Beach	1990 / 1991	303,048	94.8%	42	6				Beall's / Bed Bath & Beyond / Home Depot / Stein Mart / Staples	12.43
Miami-Dade / Broward / Palm Beach (34)
Bird Ludlum	Miami	1988 / 1998	192,282	97.7%	40	2	44,400	Winn-Dixie	12/31/12	CVS Pharmacy / Bird Executive / Goodwill	17.50
Boca Village	Boca Raton	1978	93,428	87.7%	15	6	36,000	Publix Greenwise	03/31/12	CVS Pharmacy	14.86
Boynton Plaza	Boynton Beach	1978 / 1999	99,324	90.4%	22	7	37,664	Publix	08/31/13	CVS Pharmacy	12.87
Bluffs Square	Jupiter	1986	132,395	88.4%	39	7	39,795	Publix	10/22/11	Walgreens	12.56
Chapel Trail	Pembroke Pines	2007	56,378	94.5%	2	2				LA Fitness	21.48
Coral Reef Shopping Center	Palmetto Bay	1968 / 1990	74,680	100.0%	16	-				Office Depot / Walgreen's	24.48
Countryside Shops	Cooper City	1986 / 1988 / 1991	179,561	94.8%	37	8	39,795	Publix	12/04/10	CVS Pharmacy / Stein Mart	13.23
Crossroads Square	Pembroke Pines	1973	84,387	64.1%	18	9				CVS Pharmacy	18.32
CVS Plaza	Miami	2004	29,204	91.1%	7	1				CVS Pharmacy	18.34
El Novillo	Miami Beach	1970 / 2000	10,000	100.0%	1	-				Jumbo Buffet	23.15
Greenwood	Palm Springs	1982 / 1994	132,325	87.7%	30	6	50,032	Publix	12/05/14	Bealls Outlet	12.73
Jonathan's Landing	Jupiter	1997	26,820	62.5%	9	3		Publix			23.36
								(shadow)
Lago Mar	Miami	1995	82,613	91.1%	17	5	42,323	Publix	09/13/15		14.16
Lantana Village	Lantana	1976 / 1999	181,780	98.0%	23	2	39,473	Winn-Dixie	02/15/11	Kmart / Rite Aid* (Family Dollar)	7.59
Meadows	Miami	1997	75,524	97.4%	18	2	47,955	Publix	07/09/17		13.88
Oakbrook Square	Palm Beach Gardens	1974 / 2000 / 2003	199,633	97.2%	26	4	44,400	Publix	11/30/20	Stein Mart / Home Goods / CVS / Basset Furniture / Duffy's	13.92
Oaktree Plaza	North Palm Beach	1985	23,745	82.0%	16	4					16.43
Pine Island	Davie	1983 / 1999	254,907	90.2%	37	10	39,943	Publix	11/30/13	Home Depot Expo* / Staples	11.97
Pine Ridge Square	Coral Springs	1986 / 1998 / 1999	117,399	87.1%	25	10	17,441	Fresh Market	07/31/12	Bed Bath & Beyond / Nordic Interiors	12.87

Page 25

EQUITY ONE, INC.

PROPERTY STATUS REPORT

As of September 30, 2009

					Number of tenants		Supermarket anchor
Property	City	Year Built /Renovated	Total Sq. Ft. Owned	Percent Leased	Leased	Vacant	Owned sq. ft.	Name	Expiration Date	Other anchor tenants	Average base rent per leased SF
Plaza Alegre	Miami	2003	91,611	96.1%	19	2	44,271	Publix	03/14/23	Goodwill	$  16.50
Point Royale	Miami	1970 / 2000	216,760	94.9%	23	3	45,350	Winn-Dixie	02/15/10	Best Buy	7.35
Prosperity Centre	Palm Beach Gardens	1993	122,014	96.6%	9	1				Office Depot / CVS / Bed Bath & Beyond /  TJ Maxx	17.09
Ridge Plaza	Davie	1984 / 1999	155,204	97.8%	25					Ridge Theater / Kabooms / Wachovia* (United Collection) / Round Up / Goodwill	10.86
Riverside Square	Coral Springs	1987	104,241	84.3%	26	8	39,795	Publix	02/18/12		13.52
Sawgrass Promenade	Deerfield Beach	1982 / 1998	107,092	84.5%	22	7	36,464	Publix	12/15/14	Walgreens	11.46
Sheridan Plaza	Hollywood	1973 / 1991	508,455	96.8%	57	7	65,537	Publix	10/09/11	Kohl's / Ross / Bed Bath & Beyond / Office Depot / LA Fitness / USA Baby & Child Space / Assoc. in Neurology	14.51
Shoppes of Andros Isles	West Palm Beach	2000	79,420	89.4%	13	4	51,420	Publix	02/29/20		12.66
Shoppes of Silverlakes	Pembroke Pines	1995 / 1997	126,788	87.3%	32	8	47,813	Publix	06/14/15		16.76
Shops at Skylake	North Miami Beach	1999 / 2005 / 2006	283,943	94.7%	44	5	51,420	Publix	07/31/19	TJMaxx / LA Fitness / Goodwill	16.51
Tamarac Town Square	Tamarac	1987	127,635	77.7%	25	14	37,764	Publix	12/15/14	Dollar Tree	11.01
Waterstone	Homestead	2005	61,000	97.1%	9	1	45,600	Publix	07/31/25		14.46
West Lakes Plaza	Miami	1984 / 2000	100,747	100.0%	27	-	46,216	Winn-Dixie	05/22/16	Navarro Pharmacy	12.86
Westport Plaza	Davie	2002	49,533	100.0%	8	-	27,887	Publix	11/30/22		17.89
Young Circle	Hollywood	1962 / 1997	65,834	98.1%	9	1	23,124	Publix	11/30/16	Walgreens	15.52
Florida Treasure / Northeast Coast (8)
Cashmere Corners	Port St. Lucie	2001	92,734	91.6%	13	5	59,448	Albertsons	04/30/25		9.11
New Smyrna Beach	New Smyrna Beach	1987	118,451	100.0%	34	-	42,112	Publix	09/30/12	Bealls Outlet	11.76
Old King Commons	Palm Coast	1988	84,759	90.1%	14	5				Wal-Mart / Staples / Bealls Outlet	8.22
Ryanwood	Vero Beach	1987	114,925	95.8%	30	2	39,795	Publix	03/23/17	Bealls Outlet / Books-A-Million	11.52
Salerno Village	Stuart	1987	82,477	90.7%	14	6	45,802	Winn-Dixie	03/23/24	CVS Pharmacy	10.31
Shops at St. Lucie	Port St. Lucie	2006	19,361	80.7%	8	2					23.09
South Point Center	Vero Beach	2003	64,790	88.1%	10	6	44,840	Publix	11/30/23		15.70

Page 26

EQUITY ONE, INC.

PROPERTY STATUS REPORT

As of September 30, 2009

					Number of tenants		Supermarket anchor
Property	City	Year Built /Renovated	Total Sq. Ft. Owned	Percent Leased	Leased	Vacant	Owned sq. ft.	Name	Expiration Date	Other anchor tenants	Average base rent per leased SF
Treasure Coast	Vero Beach	1983	133,781	96.6%	21	3	59,450	Publix	07/31/26	TJ Maxx	$  11.69
Tampa / St. Petersburg / Venice / Cape Coral / Naples (20)
Bay Pointe Plaza	St. Petersburg	1984 / 2002	103,986	95.6%	19	4	52,610	Publix	11/30/21	Bealls Outlet	9.96
Carrollwood	Tampa	1970 / 2002	94,203	94.6%	31	5	27,887	Publix	11/30/22	Golf Locker	13.24
Charlotte Square	Port Charlotte	1980	96,188	76.0%	14	11	44,024	Publix* (American Signature Furniture)	01/31/11	Seafood Buffet	7.26
Chelsea Place	New Port Richey	1992	81,144	96.5%	16	2	48,890	Publix	05/27/12		11.62
Dolphin Village	St. Petersburg	1967/1990	138,129	77.4%	28	19	33,238	Publix	11/07/13	Dollar Tree, CVS	12.12
Lake St. Charles	Tampa	1999	57,015	100.0%	8	-	46,295	Sweet Bay	06/30/19		10.27
Lutz Lake	Lutz	2002	64,985	95.8%	13	2	44,270	Publix	05/31/22		14.05
Marco Town Center	Marco Island	2001	109,830	82.2%	32	10	27,887	Publix	01/31/18		17.67
Mariners Crossing	Spring Hill	1989 / 1999	97,812	89.9%	15	3	48,315	Sweet Bay	08/15/20		10.42
Midpoint Center	Cape Coral	2002	75,386	100.0%	10	-	60,667	Publix	10/31/22		12.32
Pavilion	Naples	1982	167,745	90.1%	32	8	50,795	Publix	02/28/13	Pavilion 6 Theatre	13.32
Regency Crossing	Port Richey	1986 / 2001	85,864	81.9%	14	11	44,270	Publix	02/28/21		10.21
Ross Plaza	Tampa	1984 / 1996	90,826	95.3%	20	2				Ross Dress for Less / Deals	12.38
Seven Hills	Spring Hill	1991	72,590	87.8%	12	6	48,890	Publix	09/25/11		10.27
Shoppes of North Port	North Port	1991	84,705	94.9%	19	2	48,890	Publix	12/11/11	Bealls Outlet	10.08
Summerlin Square	Fort Myers	1986 / 1998	109,156	55.4%	7	21	45,500	Winn-Dixie	06/04/11	Lee County Sheriff's Office	9.58
Sunpoint Shopping Center	Ruskin	1984	132,374	66.7%	17	8				Goodwill / Ozzie's Buffet / Big Lots / Chapter 13 Trustee	8.12
Venice Plaza	Venice	1971 / 1979 / 1999	132,345	97.5%	13	2	42,582	Sweet Bay	09/30/18	TJ Maxx / Blockbuster	6.03
Venice Shopping Center	Venice	1968 / 2000	109,801	85.9%	12	2	44,271	Publix	12/31/26	Beall's Outlet	5.55
Walden Woods	Plant City	1985 / 1998 / 2003	75,874	93.7%	13	2				Dollar Tree / Aaron Rents / Dollar General	8.24
TOTAL SHOPPING CENTERS FLORIDA (80)			8,991,030	91.2%	1,571	393	2,686,177				$  12.60

Page 27

EQUITY ONE, INC.

PROPERTY STATUS REPORT

As of September 30, 2009

					Number of tenants		Supermarket anchor
Property	City	Year Built /Renovated	Total Sq. Ft. Owned	Percent Leased	Leased	Vacant	Owned sq. ft.	Name	Expiration Date	Other anchor tenants	Average base rent per leased SF
GEORGIA (24)
Atlanta (20)
BridgeMill	Canton	2000	89,102	89.6%	25	5	37,888	Publix	01/31/20		$  15.44
Buckhead Station	Atlanta	1996	233,739	100.0%	15	1				Bed Bath & Beyond / TJ Maxx / Old Navy / Toys R Us / DSW / Ulta 3 / Nordstrom Rack	20.32
Butler Creek	Acworth	1990	95,597	91.9%	17	3	59,997	Kroger	01/31/18		10.53
Chastain Square	Atlanta	1981 / 2001	91,637	93.8%	23	5	37,366	Publix	05/31/24		17.50
Commerce Crossing	Commerce	1988	100,668	29.7%	6	5				Fred's Store	5.72
Douglas Commons	Douglasville	1988	97,027	98.9%	17	1	59,431	Kroger	08/31/13		10.57
Fairview Oaks	Ellenwood	1997	77,052	93.9%	11	3	54,498	Kroger	09/30/16		11.26
Grassland Crossing	Alpharetta	1996	90,906	97.3%	12	2	70,086	Kroger	06/30/16		11.73
Hairston Center	Decatur	2000	13,000	38.5%	3	6					13.62
Hamilton Ridge	Buford	2002	90,996	83.6%	14	7	54,166	Kroger	11/30/22		11.63
Mableton Crossing	Mableton	1997	86,819	98.1%	16	1	63,419	Kroger	08/31/17		10.68
Macland Pointe	Marietta	1992-93	79,699	98.5%	16	1	55,999	Publix	12/29/12		10.10
Market Place	Norcross	1976	77,706	96.2%	20	3				Galaxy Cinema	12.31
Paulding Commons	Hiram	1991	192,391	95.6%	26	4	49,700	Kroger	02/28/11	Kmart	7.96
Piedmont Peachtree Crossing	Buckhead	1978 / 1998	152,239	98.7%	27	1	55,520	Kroger	05/31/10	Cost Plus Store / Binders Art Supplies	17.17
Powers Ferry Plaza	Marietta	1979 / 1987 / 1998	86,473	90.5%	19	6				Micro Center	9.87
Shops of Huntcrest	Lawrenceville	2003	97,040	92.8%	22	4	54,340	Publix	01/31/23		13.28
Shops of Westridge	McDonough	2006	66,297	78.9%	10	8	38,997	Publix	04/30/26		12.68
Wesley Chapel	Decatur	1989	170,792	62.7%	14	12				CVS Pharmacy / Corinthian College / Little Giant	6.35
Williamsburg @ Dunwoody	Dunwoody	1983	44,928	93.7%	25	2					20.50

Page 28

EQUITY ONE, INC.

PROPERTY STATUS REPORT

As of September 30, 2009

					Number of tenants		Supermarket anchor
Property	City	Year Built /Renovated	Total Sq. Ft. Owned	Percent Leased	Leased	Vacant	Owned sq. ft.	Name	Expiration Date	Other anchor tenants	Average base rent per leased SF
Central / South Georgia (4)
Daniel Village	Augusta	1956 / 1997	171,932	86.8%	29	10	45,971	Bi-Lo	03/25/22	St. Joseph Home Health Care	$  8.61
McAlpin Square	Savannah	1979	176,807	98.4%	24	2	43,600	Kroger	08/31/15	Big Lots /  U.S Post Office / Habitat for Humanity	7.38
Spalding Village	Griffin	1989	235,318	63.2%	17	11	59,431	Kroger	05/31/14	JC Penney* /  Fred's Store	7.40
Walton Plaza	Augusta	1990	43,460	91.7%	5	3	32,960	Harris Teeter* (Omni Fitness)	04/01/11		10.35
TOTAL SHOPPING CENTERS GEORGIA (24)			2,661,625	86.8%	413	106	873,369				$  11.83
LOUISIANA (13)
Ambassador Row	Lafayette	1980 / 1991	193,978	69.7%	23	3				Conn's Appliances / Big Lots / Chuck E Cheese	$  10.77
Ambassador Row Courtyard	Lafayette	1986 / 1991 / 2005	146,697	97.1%	22	1				Bed Bath & Beyond / Marshall's / Hancock Fabrics / United Training Academy / Tuesday Morning	10.20
Bluebonnet Village	Baton Rouge	1983	101,623	95.4%	21	5	33,387	Matherne's	11/30/10	Office Depot	11.28
Boulevard	Lafayette	1976 / 1994	68,012	95.2%	12	2				Piccadilly / Harbor Freight Tools / Golfballs.com	8.75
Country Club Plaza	Slidell	1982 / 1994	64,686	95.2%	8	2	33,387	Winn-Dixie	01/31/13		6.58
Crossing	Slidell	1988 / 1993	114,806	96.4%	14	2	58,432	Save A Center	09/29/09	A-1 Home Appliance / Piccadilly	5.84
Elmwood Oaks	Harahan	1989	133,995	100.0%	11	-				Academy Sports / Dollar Tree / Home Décor	10.32
Grand Marche (ground lease)	Lafayette	1969	200,585	100.0%	1	-					NA
Plaza Acadienne	Eunice	1980	105,419	54.2%	6	2	28,092	Super 1 Store	06/30/10	Fred's Store	4.25
Sherwood South	Baton Rouge	1972 / 1988 / 1992	77,107	86.0%	8	1				Burke's Outlet / Harbor Freight Tools / Fred's Store	6.24
Siegen Village	Baton Rouge	1988	170,416	99.2%	19	1				Office Depot / Big Lots / Dollar Tree / Stage / Party City	9.29
Tarpon Heights	Galliano	1982	56,605	78.4%	7	3				Stage / Dollar General	5.06
Village at Northshore	Slidell	1988	144,638	99.0%	14	1				Marshalls / Dollar Tree / Kirschman's* / Bed Bath & Beyond / Office Depot	8.29
TOTAL SHOPPING CENTERS LOUISIANA (13)			1,578,567	90.3%	166	23	153,298				$  8.68

Page 29

EQUITY ONE, INC.

PROPERTY STATUS REPORT

As of September 30, 2009

					Number of tenants		Supermarket anchor
Property	City	Year Built /Renovated	Total Sq. Ft. Owned	Percent Leased	Leased	Vacant	Owned sq. ft.	Name	Expiration Date	Other anchor tenants	Average base rent per leased SF
MASSACHUSETTS (7)
Cambridge Star Market	Cambridge	1953 / 1997	66,108	100.0%	1	-	66,108	Star Market	01/02/16		$  26.89
Medford Shaw's Supermarket	Medford	1995	62,656	100.0%	2	-	60,356	Shaw's	01/01/16		23.94
Plymouth Shaw's Supermarket	Plymouth	1993	59,726	100.0%	1	-	59,726	Shaw's	01/01/16		17.77
Quincy Star Market	Quincy	1965 / 1995	100,741	100.0%	1	-	100,741	Star Market	01/02/16		17.36
Swampscott Whole Foods	Swampscott	1967 / 2005	35,907	100.0%	1	-	35,907	Whole Foods	01/01/26		22.89
Webster Plaza	Webster	1963 / 1998	199,425	100.0%	14	-	56,766	Shaw's	02/28/23	K Mart / Family Dollar / Dollar Tree	8.07
West Roxbury Shaw's Plaza	West Roxbury	1973 / 1995/ 2006	76,316	95.9%	10	2	54,928	Shaw's	01/02/16		23.20
TOTAL SHOPPING CENTERS MASSACHUSETTS (7)			600,879	99.5%	30	2	434,532				$  17.09
MISSISSIPPI (1)
Shipyard Plaza	Pascagoula	1987	66,857	100.0%	8	-				Big Lots / Buffalo Wild Wings	$  7.23
TOTAL SHOPPING CENTERS MISSISSIPPI (1)			66,857	100.0%	8	-	-				$  7.23
NORTH CAROLINA (9)
Centre Pointe Plaza	Smithfield	1989	163,642	75.9%	20	4				Belk's /  Dollar Tree / Aaron Rents	$  6.37
Chestnut Square	Brevard	1985 / 2008	34,260	90.7%	6	2				Walgreens	15.36
Galleria	Wrightsville Beach	1986 / 1990	92,114	76.7%	26	9	28,000	Harris Teeter*	04/05/11		9.50
Parkwest Crossing	Durham	1990	85,602	93.0%	15	2	38,052	Food Lion	12/14/10		10.63
Riverview Shopping Center	Durham	1973 / 1995	128,498	95.4%	12	4	53,538	Kroger	12/31/14	Upchurch Drugs / Riverview Galleries	7.31
Salisbury Marketplace	Salisbury	1987	79,732	73.8%	11	9	31,762	Food Lion	02/11/23		11.08
Stanley Market Place	Stanley	2007	53,228	93.4%	5	2	34,928	Food Lion	05/15/27	Family Dollar	9.85
Thomasville Commons	Thomasville	1991	148,754	97.2%	12	2	32,000	Ingles	09/29/12	Kmart	5.87
Willowdaile Shopping Center	Durham	1986	95,601	55.4%	15	10				Hall of Fitness	10.43
TOTAL SHOPPING CENTERS NORTH CAROLINA (9)			881,431	83.3%	122	44	218,280				$  8.48

Page 30

EQUITY ONE, INC.

PROPERTY STATUS REPORT

As of September 30, 2009

					Number of tenants		Supermarket anchor
Property	City	Year Built /Renovated	Total Sq. Ft. Owned	Percent Leased	Leased	Vacant	Owned sq. ft.	Name	Expiration Date	Other anchor tenants	Average base rent per leased SF
SOUTH CAROLINA (7)
Belfair Towne Village	Bluffton	2000 / 2003 / 2006	166,639	96.2%	31	3	55,696	Kroger	10/31/19	Stein Mart	$  13.37
Lancaster Plaza	Lancaster	1971 / 1990	77,400	64.9%	3	2	19,200	Bi-Lo	09/30/10	Tractor Supply	3.61
Lancaster Shopping Center	Lancaster	1963 / 1987	29,047	100.0%	2	-				Sweet Union Furniture	2.14
Milestone Plaza	Greenville	1995	93,121	97.5%	10	1	59,039	Bi-Lo	03/31/30		15.24
North Village Center	North Myrtle Beach	1984	60,356	29.2%	5	8				Dollar General	8.98
Windy Hill	North Myrtle Beach	1968 / 1988 / 2006	68,465	94.2%	2	3				Rose's Store / Family Dollar Store	5.81
Woodruff	Greenville	1995	68,055	98.7%	9	1	47,955	Publix	08/06/15		10.63
TOTAL SHOPPING CENTERS SOUTH CAROLINA (7)			563,083	85.2%	62	18	181,890				$  10.46
VIRGINIA (1)
Smyth Valley Crossing	Marion	1989	126,841	98.0%	13	1	32,000	Ingles	09/25/10	Wal-Mart	$  5.98
TOTAL SHOPPING CENTERS VIRGINIA (1)			126,841	98.0%	13	1	32,000				$  5.98
TOTAL CORE SHOPPING CENTER PORTFOLIO (145)			15,824,173	90.1%	2,434	598	4,722,706				$  11.92
OTHER PROPERTIES (6)
4101 South I-85 Industrial	Charlotte, NC	1956 / 1963	188,513	38.0%	2	7
Banco Popular Office Building	Miami, FL	1971	36,610	90.0%	17	3
Laurel Walk Apartments	Charlotte, NC	1985	106,480	96.0%	90	8
Mandarin Mini-Storage	Jacksonville, FL	1982	52,300	69.0%	328	216
Prosperity Office Building	Palm Beach Gdns, FL	1972	3,200	0.0%	-	1
Providence Square	Charlotte, NC	1973	85,930	29.8%	11	14
TOTAL OTHER PROPERTIES (6)			473,033	56.0%	448	249	-

Page 31

EQUITY ONE, INC.

PROPERTY STATUS REPORT

As of September 30, 2009

					Number of tenants		Supermarket anchor
Property	City	Year Built /Renovated	Total Sq. Ft. Owned	Percent Leased	Leased	Vacant	Owned sq. ft.	Name	Expiration Date	Other anchor tenants	Average base rent per leased SF
DIM VASTGOED PROPERTIES (21)
Eustis Village	Eustis	2002	156,927	98.4%	19	1	44,271	Publix	10/31/22	Beall's Department Store	$  11.43
Glengary Shoppes	Sarasota	1995	99,182	100.0%	7	-				Best Buy / Barnes & Noble	18.48
Hammocks Town Center	Miami	1987 / 1993	172,810	94.1%	40	4	39,795	Publix	06/24/12	Metro Dade Library / CVS Pharmacy / Porky's Gym	14.06
Magnolia Shoppes	Fort Lauderdale	1998	114,118	88.2%	16	7				Regal Cinemas / Deal$	11.55
Sunrise Town Center	Fort Lauderdale	1989	128,124	85.5%	14	10				L.A. Fitness / Office Depot	10.91
Dublin Village	Dublin	2005	98,540	96.1%	14	3	70,225	Kroger	08/03/25		6.83
Freehome Village	Canton	2003	74,340	82.9%	10	7	44,840	Publix	12/31/23		13.60
Golden Park Village	Buford	2000	68,738	85.8%	9	4	44,270	Publix	02/29/20		11.26
Governors Town Square	Acworth	2005	68,658	98.8%	13	1	44,840	Publix	02/28/25		15.84
Grayson Village	Loganville	2002	83,155	75.0%	12	11	44,271	Publix	01/31/22		11.56
Keith Bridge Commons	Atlanta	2002	94,886	85.9%	14	7	54,139	Kroger	08/10/22		12.62
Loganville Town Center	Loganville	1997	77,661	98.1%	14	1	51,420	Publix	08/01/17		13.17
Salem Road Station	Atlanta	2000	67,270	88.4%	11	6	44,270	Publix	09/30/20		11.87
The Shops at Lake Tuscaloosa	Tuscaloosa	2003 / 2005	70,242	87.0%	12	4	44,271	Publix	12/31/23		12.67
The Vineyards at Chateau Elan	Braselton	2002	79,047	97.4%	19	1	44,271	Publix	01/31/23		14.34
Wilmington Island Shopping Center	Wilmington Island	1985 / 1998 / 2003	87,818	77.5%	16	7	42,156	Kroger	09/16/18		13.22
South Plaza Shopping Center	St. Mary's County	2005	92,335	100.0%	9	-				Ross Dress For Less / Best Buy / Old Navy /Petco	16.88
Brawley Commons	Charlotte	1997 / 1998	119,189	77.8%	27	13	42,142	Lowe's Foods	04/30/17	Rite Aid	12.19
Carolina Pavilion	Charlotte	1996	731,678	92.0%	24	3				AMC Theatres / Value City Furniture / Old Navy / Ross Dress For Less / Sports Authority / Baby Superstore / Michaels Crafts / Sears Retail Outlet Store / DSW Shoe Warehouse / Cost Plus World Market / OfficeMax/Gregg Appliances / Petco / Dollar Tree / Dress Barn / Bed Bath & Beyond / Kohl's / Buy Buy Baby	10.57

Page 32

EQUITY ONE, INC.

PROPERTY STATUS REPORT

As of September 30, 2009

					Number of tenants		Supermarket anchor
Property	City	Year Built /Renovated	Total Sq. Ft. Owned	Percent Leased	Leased	Vacant	Owned sq. ft.	Name	Expiration Date	Other anchor tenants	Average base rent per leased SF
Whitaker Square	Winston-Salem	1996	82,760	100.0%	12	-	51,890	Harris Teeter	02/28/16	Rugged Wearhouse	$  12.30
Greensboro Village Shopping Center	Gallatin	2005	70,203	95.6%	14	2	45,600	Publix	11/30/25		14.01
TOTAL DIM VASTGOED PROPERTIES (21)			2,637,681	91.1%	326	92	752,671				$  12.26
TOTAL EXCLUDING DEVELOPMENTS, REDEVELOPMENTS & LAND (172)			18,934,887	89.4%	3,208	939	5,475,377
DEVELOPMENTS, REDEVELOPMENTS & LAND (8)
Developments (3)	Various - See Schedule on Page 34.
Redevelopments (1)	Various - See Schedule on Page 34.
Land Held for Development (4)	Various
TOTAL CONSOLIDATED - 180 Properties

Total square footage does not include shadow anchor square footage that is not owned by Equity One.

* Indicates a tenant which continues to pay rent, but has closed its store and ceased operations. The subtenant, if any, is shown in ( ).

** Future contractual lease obligations included.

Page 33

EQUITY ONE, INC.

REAL ESTATE ACQUISITIONS AND DISPOSITIONS

As of September 30, 2009

(in thousands)

2009 Disposition Activity
Date Sold	Property Name	City	State	Square Feet		Gross Sales Price		Gain (loss) on Sale
Income producing property sold
August 13, 2009	Walmart-Mathews	Mathews	LA		54,223	$	930	$	(1,758	)
						$	930	$	(1,758	)
Real estate/outparcels sold
March 31, 2009	Waterstone - Pollo Tropical outparcel	Homestead	FL		3,000	$	788	$	552
March 31, 2009	Winchester Plaza - McDonald's outparcel	Huntsville	AL		2,844		920		626
May 28, 2009	Waterstone - Walgreens outparcel	Homestead	FL		13,831		2,500		1,598
June 5, 2009	Bluebonnet - AutoZone outparcel	Baton Rouge	LA		7,000		978		674
June 30, 2009	Waterstone - Bank of America outparcel	Homestead	FL		4,700		1,733		1,344
July 11, 2009	Milestone - Jack in the Box outparcel	Greenville	SC		3,000		1,519		475
July 31, 2009	Willowdaile - Harris Teeter	Durham	NC		48,000		3,245		1,862
						$	11,683	$	7,131
Total Sold						$	12,613	$	5,373

Page 34

EQUITY ONE, INC.

REAL ESTATE DEVELOPMENTS AND REDEVELOPMENTS

As of September 30, 2009

(in thousands, except square footage data)

Project	Location	Project GLA*		Total GLA**		Anchors	Target Stabilization Date		Estimated Gross Cost (1)		Estimated Net Cost (2)		Funded as of 09/30/09		Balance to Complete (Gross Cost)
Developments
Shops at Hampton Oaks	Fairburn, GA (Atlanta)		21,000		21,000	CVS (not owned)		1Q12	$	8,395	$	4,920	$	7,814	$	581
Sunlake (3)	Tampa, FL		123,889		123,889	Publix		4Q10		40,665		30,688		38,916		1,749
River Green	Canton, GA (Atlanta)		59,997		59,997	CVS (not owned)	TBD			11,905		10,155		3,391		8,514
Subtotal			204,886		204,886				$	60,965	$	45,763	$	50,121	$	10,844
Redevelopments / Expansions / Outparcels
Mandarin Landing (4)	Jacksonville, FL		50,000		139,620	Whole Foods		4Q09		8,780		8,780		8,020		760
Subtotal			50,000		139,620				$	8,780	$	8,780	$	8,020	$	760
Total Development Activity			254,886		344,506				$	69,745	$	54,543	$	58,141	$	11,604
Project notes

(1) Includes actual / allocated cost of land.

(2) After sales of outparcels and construction cost reimbursements.

(3) Project is being developed in a JV.  Equity One funds all capital on which it receives an 8% preferred return, and receives 60% of the project's residual cash flow.

(4) Anchor opened December 2008, remaining costs to complete represent small-shop lease-up.

* Project GLA is subject to change based upon changes related to build-to-suit requests and other tenant driven changes.

** Owned GLA (for redevelopments, includes portions of center not subject to redevelopment).

Page 35

EQUITY ONE, INC.

CONSOLIDATED DEBT SUMMARY

As of September 30, 2009

(in thousands)

Debt Instrument	Maturity date	Rate (1)			Sept 30, 2009balance		Dec 31, 2008balance		Percent of overall debt maturing
Mortgage debt - Equity One, Inc.
Park Promenade	02/01/10		8.100	%	$	5,865	$	5,935		0.6	%
Jonathan's Landing	05/01/10		8.050	%		2,669		2,706		0.3	%
Bluff's Square	06/01/10		8.740	%		9,495		9,590		0.9	%
Kirkman Shoppes	06/01/10		8.740	%		8,966		9,056		0.8	%
Ross Plaza	06/01/10		8.740	%		6,253		6,316		0.6	%
Shoppes of Andros Isle	06/10/10		7.900	%		5,947		6,086		0.6	%
Boynton Plaza	07/01/10		8.030	%		6,989		7,069		0.7	%
Pointe Royale	07/15/10		7.950	%		2,793		3,068		0.3	%
Shops at Skylake	08/01/10		7.650	%		12,110		12,504		1.1	%
Parkwest Crossing	09/01/10		8.100	%		4,417		4,467		0.4	%
Spalding Village	09/01/10		8.194	%		8,380		8,722		0.8	%
Charlotte Square	02/01/11		9.188	%		3,149		3,224		0.3	%
Forest Village	04/01/11		7.270	%		4,158		4,209		0.4	%
Boca Village	05/01/11		7.200	%		7,687		7,782		0.7	%
MacLand Pointe	05/01/11		7.250	%		5,431		5,498		0.5	%
Pine Ridge Square	05/01/11		7.020	%		6,793		6,880		0.6	%
Sawgrass Promenade	05/01/11		7.200	%		7,687		7,782		0.7	%
Lake Mary Centre	11/01/11		7.250	%		22,806		23,074		2.2	%
Lake St. Charles	11/01/11		7.130	%		3,595		3,638		0.3	%
Belfair Towne Village	12/01/11		7.320	%		10,031		10,243		0.9	%
Marco Town Center	01/01/12		6.700	%		7,685		7,846		0.7	%
Riverside Square	03/01/12		9.188	%		6,935		7,058		0.7	%
Cashmere Corners	11/01/12		5.880	%		4,559		4,662		0.4	%
Eastwood	11/01/12		5.880	%		5,432		5,555		0.5	%
Meadows Shopping Center	11/01/12		5.870	%		5,708		5,837		0.5	%
Lutz Lake Crossing	01/01/13		6.280	%		7,351		7,420		0.7	%
Midpoint Center	07/10/13		5.770	%		6,246		6,381		0.6	%
Buckhead Station	09/01/13		6.880	%		26,366		26,806		2.5	%
Alafaya Village	11/11/13		5.990	%		3,921		3,970		0.4	%
Summerlin Square	02/01/14		6.750	%		2,023		2,311		0.2	%
South Point	07/10/14		5.720	%		7,668		7,821		0.7	%
Bird Ludlum	02/15/15		7.680	%		6,082		6,742		0.6	%
Treasure Coast Plaza	04/01/15		8.000	%		2,901		3,202		0.3	%

Page 36

EQUITY ONE, INC.

CONSOLIDATED DEBT SUMMARY

As of September 30, 2009

(in thousands)

Debt Instrument	Maturity date		Rate (1)			Sept 30, 2009 balance		Dec 31, 2008 balance		Percent of overall debt maturing
Shoppes of Silverlakes I	07/01/15			7.750	%	$	1,706	$	1,875		0.2	%
Grassland Crossing	12/01/16			7.870	%		4,885		5,058		0.5	%
Mableton Crossing	08/15/18			6.850	%		3,512		3,611		0.3	%
Sheridan Plaza	10/10/18			6.250	%		64,304		64,876		6.1	%
BridgeMill	05/05/21			7.940	%		8,430		8,608		0.8	%
Westport Plaza	08/24/23			7.490	%		4,362		4,456		0.4	%
Chastain Square	02/28/24			6.500	%		3,266		3,365		0.3	%
Daniel Village	02/28/24			6.500	%		3,570		3,679		0.3	%
Douglas Commons	02/28/24			6.500	%		4,254		4,383		0.4	%
Fairview Oaks	02/28/24			6.500	%		4,026		4,148		0.4	%
Madison Centre	02/28/24			6.500	%		3,266		3,365		0.3	%
Paulding Commons	02/28/24			6.500	%		5,545		5,714		0.5	%
Siegen Village	02/28/24			6.500	%		3,608		3,718		0.3	%
Wesley Chapel Crossing	02/28/24			6.500	%		2,848		2,935		0.3	%
Webster Plaza	08/15/24			8.070	%		7,704		7,826		0.7	%
Total mortgage debt - Equity One (48 loans outstanding)		4.39		7.12	%	$	363,384	$	371,077		34.3	%
Unamortized/unaccreted premium/(discount)	(wtd-avg maturity)		(wtd-avg interest rate)(3)				5,312		6,360		0.5	%
Total mortgage debt - Equity One (including unamortized/unaccreted premium/(discount))						$	368,696	$	377,437		34.8	%
Mortgage debt - DIM Vastgoed
Carolina Pavilion	10/01/09			7.730	%	$	39,182	$	-		3.7	%
Carolina Pavilion	10/01/09			8.020	%		12,854		-		1.2	%
Hammocks Town Center	06/26/12			6.950	%		11,881		-		1.1	%
Salem Road Station	11/11/12			6.000	%		5,874		-		0.6	%
Brawley Commons	07/01/13			6.250	%		6,814		-		0.6	%
Keith Bridge Commons	10/11/13			4.800	%		8,800		-		0.8	%
Sunrise Town Center	04/30/14			5.690	%		10,349		-		1.0	%
The Vineyards at Chateau Elan	07/11/14			5.880	%		9,875		-		0.9	%
Grayson Village	01/11/15			5.210	%		9,865		-		0.9	%
Golden Park Village	01/11/15			5.250	%		7,375		-		0.7	%
The Shops at Lake Tuscaloosa	01/11/15			5.450	%		7,171		-		0.7	%
Eustis Village	05/11/15			5.450	%		13,366		-		1.3	%
Freehome Village	07/11/15			5.150	%		9,933		-		0.9	%
Governors Town Square	06/01/15			5.200	%		10,454		-		0.9	%

Page 37

EQUITY ONE, INC.

CONSOLIDATED DEBT SUMMARY

As of September 30, 2009

(in thousands)

Debt Instrument	Maturity date		Rate (1)			Sept 30, 2009 balance			Dec 31, 2008 balance		Percent of overall debt maturing
Loganville Town Center	08/11/15			4.890	%	$	10,137		$	-		1.0	%
Wilmington Island Shopping Center	11/11/15			5.050	%		9,603			-		0.9	%
South Plaza Shopping Center	01/11/16			5.420	%		16,873			-		1.6	%
Glengary Shoppes	06/11/16			5.750	%		16,856			-		1.6	%
Magnolia Shoppes	07/11/16			6.160	%		14,516			-		1.4	%
Dublin Village	12/11/16			5.780	%		6,800			-		0.6	%
Greensboro Village Shopping Center	02/11/17			5.520	%		9,840			-		0.9	%
Whitaker Square	12/01/17			6.320	%		9,750			-		0.9	%
Total mortgage debt - DIM Vastgoed (22 loans outstanding)		4.42		6.21	%	$	258,168		$	-		24.3	%
Unamortized/unaccreted premium/(discount)	(wtd-avg maturity)		(wtd-avg interest rate)(3)				(28,566	)		-		(2.7	%)
Total mortgage debt - DIM Vastgoed (including unamortized/unaccreted premium/(discount))						$	229,602		$	-		21.6	%
Total mortgage debt - Consolidated (70 loans outstanding)		4.40		6.80	%	$	621,552		$	371,077		58.6	%
Unamortized/unaccreted premium/(discount)	(wtd-avg maturity)		(wtd-avg interest rate)(3)				(23,253	)		6,360		(2.2	%)
Total mortgage debt - Consolidated (including unamortized/unaccreted premium/(discount))						$	598,299		$	377,437		56.4	%

Page 38

EQUITY ONE, INC.

CONSOLIDATED DEBT SUMMARY

As of September 30, 2009

(in thousands)

Debt Instrument	Maturity date		Rate (1)			Sept 30, 2009 balance			Dec 31, 2008 balance			Percent of overall debt maturing
Unsecured senior notes payable
3.875% senior notes (2)	04/15/09			3.875	%	$	-		$	176,185			0.0	%
Fair value of $100MM fixed-to-floating interest rate swap	04/15/09		6-month Libor + 0.4375%				-			949			0.0	%
7.84% senior notes	01/23/12			7.840	%		10,000			10,000			0.9	%
6.00% senior notes	09/15/16			6.000	%		105,230			106,500			9.9	%
6.25% senior notes	01/15/17			6.250	%		101,403			115,000			9.6	%
6.00% senior notes	09/15/17			6.000	%		116,998			132,279			11.1	%
Total unsecured senior notes payable		7.10		5.95	%	$	441,136		$	657,913			41.7	%
Unamortized/unaccreted premium/(discount)	(wtd-avg maturity)		(wtd-avg interest rate)(3)				(1,004	)		(1,135	)		(0.1	%)
Total unsecured senior notes payable (including unamortized/unaccreted premium/(discount))						$	440,132		$	656,778			41.6	%
Revolving credit facilities
$227MM Wells Fargo Unsecured	10/17/11			1.650	%	$	19,998		$	35,500			1.9	%
$15MM City National Bank Unsecured	12/10/09			N/A			-			-			0.0	%
Total revolving credit facilities						$	19,998		$	35,500			1.9	%
Total debt		5.52		6.44	%	$	1,082,686		$	1,064,490			102.2	%
Unamortized/unaccreted premium/(discount)	(wtd-avg maturity)		(wtd-avg interest rate)(3)				(24,257	)		5,225			(2.2	%)
Total debt (including net interest premium/discount)						$	1,058,429		$	1,069,715			100.0	%
Senior Unsecured Debt Ratings
Moody's						Baa3 (Stable)
S&P						BBB- (Stable)

Note: Total debt is gross over net due to $24m of unamortized/unaccreted discount.

(1)  The rate in effect on September 30, 2009.

(2)  Senior note debt matured and was repaid in April and the related interest rate swap was settled.

(3)  Weighted average interest rates are calculated based on term to maturity and include scheduled principal amortization.

Page 39

EQUITY ONE, INC.

UNCONSOLIDATED BALANCE SHEET - GRI-EQY I, LLC

As of September 30, 2009

	As of			As of
	Sept 30, 2009			December 31, 2008
Assets	(in thousands)			(in thousands)
Properties
Income producing		253,312			250,841
Less: accumulated depreciation		(5,885	)		(2,644	)
Rental property	$	247,427		$	248,197
Cash and cash equivalents		2,758			2,077
Accounts and other receivables, net		2,544			2,377
Other assets		16,809			18,980
Total	$	269,538		$	271,631
Liabilities and joint ventures' equity
Liabilities
Mortgage notes payable		131,701			132,081
Accounts payable and other liabilities		35,148			39,103
Total liabilities	$	166,849		$	171,184
Joint venture equity		102,689			100,447
Total	$	269,538		$	271,631

Note:  Eight properties were contributed to GRI-EQY I, LLC during the second quarter of 2008 and two properties were contributed during the fourth quarter of 2008, accordingly there is no activity prior to 2Q 2008.  Equity One has a 10% interest in the joint venture.

Page 40

EQUITY ONE, INC.

UNCONSOLIDATED STATEMENT OF OPERATIONS - GRI-EQY I, LLC

As of September 30, 2009

	Three months ended				Nine months ended
	Sept 30, 2009		Sept 30, 2008		Sept 30, 2009		Sept 30, 2008
	(in thousands)		(in thousands)		(in thousands)		(in thousands)
REVENUES	$	6,489	$	6,220	$	20,233	$	10,938
COSTS AND EXPENSES
Property operating		1,771		1,561		5,793		2,784
Rental property depreciation and amortization		1,805		1,788		5,649		3,166
Interest expense		2,104		1,877		6,234		2,290
Total costs and expenses	$	5,680	$	5,226	$	17,676	$	8,240
NET INCOME	$	809	$	994	$	2,557	$	2,698

Note:  Eight properties were contributed to GRI-EQY I, LLC during the second quarter of 2008 and two properties were contributed during the fourth quarter of 2008, accordingly there is no activity prior to 2Q 2008.  Equity One has a 10% interest in the joint venture.

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EQUITY ONE, INC.

UNCONSOLIDATED PROPERTY STATUS REPORT - GRI-EQY I, LLC

As of September 30, 2009

					Number of tenant		Supermarket anchor
Property	City	Year Built / Renovated	Total Sq. Ft.	Percent Leased	Leased	Vacant	sq. ft.	Name	Expiration Date	Other anchor tenants	Average base rent per leased SF
Airpark Plaza Shopping Center	Miami	1971 / 1998 / 2004 / 2008	172,095	95.7%	33	4	30,000	Publix	10/31/24	Home Depot Expo* / Office Depot	$  13.53
Concord Shopping Plaza	Miami	1962 / 1992 / 1993	298,397	98.0%	22	2	78,000	Winn-Dixie	09/30/14	Home Depot / Big Lots / Dollar Tree	10.76
Presidential Markets	Snellville	1993 / 2000	396,432	95.2%	34	3	56,146	Publix	12/31/19	Marshall's / TJ Maxx / Bed Bath & Beyond / Carmike Cinemas / Ross Dress For Less / Office Depot / Shoe Carnival / Borders	11.26
Shoppes of Ibis	West Palm Beach	1999	79,420	89.4%	13	5	51,420	Publix	05/31/19		12.76
Shoppes at Quail Roost	Miami	2005	73,550	95.0%	17	3	44,840	Publix	06/30/25		15.66
Shoppes of Sunset	Miami	1979	21,704	91.5%	15	2					20.32
Shoppes of Sunset II	Miami	1980	27,754	69.9%	11	6					20.75
Sparkleberry Square	Columbia	1997 / 2004	154,217	74.6%	8	2				PETsMART / Bed Bath and Beyond / Pier 1 Imports / Ross Dress for Less	11.72
Sparkleberry Kohl's	Columbia	1997 / 2004	85,961	100.0%	1	-				Kohl's	7.74
Sparkleberry Kroger	Columbia	1997 / 2004	98,623	95.0%	11	3	67,943	Kroger	08/31/17		12.86
TOTAL GRI-EQY I, LLC SHOPPING CENTER PORTFOLIO (10)			1,408,153	93.0%	165	30	328,349				$  11.95

* Indicates a tenant which continues to pay rent, but has closed its store and ceased operations. The subtenant, if any, is shown in ( ).

Equity One has a 10% interest in the joint venture.

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EQUITY ONE, INC.

UNCONSOLIDATED DEBT SUMMARY - GRI-EQY I, LLC

As of September 30, 2009

(in thousands)

Debt Instrument	Equity One's Ownership			Maturity date		Rate (1)			Sept 30, 2009 balance			Dec 31, 2008 balance
Mortgage debt
Floating rate loan (2)		10	%	07/01/13		LIBOR + 1.95%			$	120,000		$	120,000
Sparkleberry Square (Kohl's)		10	%	11/30/12			6.170	%		5,963			6,087
Sparkleberry Square (Kroger)		10	%	06/30/20			6.750	%		6,295			6,587
Total mortgage debt (3 loans outstanding)					3.83		5.720	%	$	132,258		$	132,674
				(wtd-avg maturity)		(Net effective int rate)
Net interest premium/(discount)										(557	)		(593	)
Total mortgage debt (including net interest premium/discount)									$	131,701		$	132,081
Interest Rate Swap
Fair value of $120MM floating-to-fixed interest rate swap		10	%	06/01/13			3.685	%	$	9,766		$	11,531
Total debt (including net interest premium/discount)									$	141,467		$	143,612
Equity One's pro-rata share of unconsolidated debt		10	%						$	14,147		$	14,361

(1)  The rate in effect on September 30, 2009.

(2) Mortgage encumbers GRI-EQY (Airpark Plaza) LLC, GRI-EQY (Concord) LLC, GRI-EQY (IBIS) LLC, GRI-EQY (Presidential Markets) LLC, GRI-EQY (Quail Roost) LLC and GRI-EQY (Sparkleberry Square) LLC. The full balance has been swapped to a fixed rate of 3.685%

Page 43

EQUITY ONE, INC.

UNCONSOLIDATED BALANCE SHEET - G&I VI SOUTH FLORIDA PORTFOLIO SPE LLC

As of September 30, 2009

	As of			As of
	Sept 30, 2009			December 31, 2008
Assets	(in thousands)			(in thousands)
Properties
Income producing		50,941			50,782
Less: accumulated depreciation		(1,100	)		(352	)
Rental property	$	49,841		$	50,430
Cash and cash equivalents		455			422
Accounts and other receivables, net		232			113
Other assets		6,080			7,002
Total	$	56,608		$	57,967
Liabilities and joint ventures' equity
Liabilities
Mortgage notes payable		37,339			37,719
Accounts payable and other liabilities		5,035			5,550
Total liabilities	$	42,374		$	43,269
Joint venture equity		14,234			14,698
Total	$	56,608		$	57,967

Note:  Properties were purchased during the third quarter of 2008, accordingly there is no activity prior to 3Q 2008.  Equity One has a 20% interest in the joint venture.

Page 44

EQUITY ONE, INC.

UNCONSOLIDATED STATEMENT OF OPERATIONS - G&I VI SOUTH FLORIDA PORTFOLIO SPE LLC

As of September 30, 2009

	Three months ended						Nine months ended
	Sept 30, 2009			Sept 30, 2008			Sept 30, 2009			Sept 30, 2008
	(in thousands)			(in thousands)			(in thousands)			(in thousands)
REVENUES	$	1,644		$	838		$	4,889		$	838
COSTS AND EXPENSES
Property operating		589			249			2,055			249
Rental property depreciation and amortization		895			370			2,468			370
Interest expense		611			348			1,829			348
Total costs and expenses	$	2,095		$	967		$	6,352		$	967
NET (LOSS) INCOME	$	(451	)	$	(129	)	$	(1,463	)	$	(129	)

Note:  Properties were purchased during the third quarter of 2008, accordingly there is no activity prior to 3Q 2008.  Equity One has a 20% interest in the joint venture.

Page 45

EQUITY ONE, INC.

UNCONSOLIDATED PROPERTY STATUS REPORT - G&I VI SOUTH FLORIDA PORTFOLIO SPE LLC

As of September 30, 2009

Property	City	Year Built /Renovated	Total Sq. Ft.	Percent Leased	Number of tenant		Supermarket anchor			Other anchor tenants	Average base rent per leased SF
					Leased	Vacant	sq. ft.	Name	Expiration Date
1900/2000 Offices	Boca Raton	1979 / 1982 / 1986 / 2007	116,777	52.1%	17	12				RN Network	$16.64
Penn Dutch Plaza	Margate	1989	155,628	75.3%	19	21	70,358	Penn Dutch Food Center	12/31/13	Walgreens	8.52
Plantation Marketplace	Plantation	1963 / 1998	230,330	68.5%	26	13	43,386	Winn-Dixie	11/05/14	Beall's / Just Fit / Big Lots / CVS	10.53
TOTAL G&I VI South Florida Portfolio SPE LLC SHOPPING CENTER PORTFOLIO (3)			502,735	66.8%	62	46	113,744				$  10.93

Equity One has a 20% interest in the joint venture.

Page 46

EQUITY ONE, INC.

UNCONSOLIDATED DEBT SUMMARY - G&I VI South Florida Portfolio SPE LLC

As of September 30, 2009

(in thousands)

Debt Instrument	Equity One's Ownership			Maturity date		Rate (1)			Sept 30, 2009 balance			Dec 31, 2008 balance
Mortgage debt
Fixed rate loan		20	%	11/11/14			5.560	%	$	38,178		$	38,657
Net interest premium/(discount)		-			-					(839	)		(938	)
Total mortgage debt					5.10		5.56	%	$	37,339		$	37,719
				(wtd-avg maturity)		(Net effective int rate)
Equity One's pro-rata share of unconsolidated debt									$	7,468		$	7,544

(1)  The rate in effect on September 30, 2009.

Page 47