Equity One (EQY) 8-K/A Other Events

Exhibit 12.1

Equity One, Inc.

Ratio of Earnings to Fixed Changes

For the six months ended June 30, 2005

Net income			$ 46,933
Adjustments:
Minority interest	96
Income from discontinued operations	(14,642	)
Distributed income of equity investees	-		(14,546	)
Fixed Charges:
Interest expense	22,740
Capitalized interest	1,423
Amortization of premium	2,621
Amortization of deferred financing fees	719		27,503
Less: interest capitalized	(1,423	)	(1,423	)
Earnings, as defined			$ 58,467
Divide by fixed charges			$ 27,503
Ratio of earnings to fixed charges			2.13