Douglas Emmett

Douglas Emmett, Inc. is a real estate investment trust, engages in the acquisition, development, ownership, and management of real estate properties. It operates through the following segments: Office, and Multifamily. The Office segment comprises rental of office space and other tenant services, including parking and storage space rental. The Multifamily segment includes rental of apartments and other tenant services, including parking and storage space rental. The company was founded on June 28, 2005, and is headquartered in Santa Monica, CA.

Earnings data Q1 2021

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Earnings data Q3 2024

Earnings data Q4 2024

Douglas Emmett reports Q4 growth amidst challenges and opportunities

Douglas Emmett navigated challenges in 2022 with a focus on positive leasing activity from small tenants and successful multifamily development projects. The company reported revenue and FFO growth in Q4, despite facing higher interest expenses impacting FFO in the guidance for 2023.
Confidence in the office portfolio performance remains strong, with a focus on occupancy and rent growth. Despite economic uncertainties and Fed actions influencing short-term guidance, long-term optimism for the market prevails.
The company sees more investment opportunities in office space compared to residential, driven by market conditions and tenant diversity. Smaller tenants' preference for shorter leases and prebuilt suites presents an opportunity for lower tenant improvement costs.

Douglas Emmett reports revenue growth but faces FFO decline

Douglas Emmett saw revenue growth driven by multifamily units and higher rents, but faced declines in FFO and AFFO due to various factors.
Despite challenges like rising interest rates, the company's strengths lie in its balance sheet focus, efficient operations, and proactive leasing strategies.
Opportunities for growth stem from positive leasing spreads, rent increases, and the ability to navigate economic challenges effectively.

Douglas Emmett faces short-term challenges but emphasizes growth opportunities

Douglas Emmett reports mixed financial results in Q2 with revenue increase but lower FFO and AFFO.
The company navigates challenges with upcoming expirations, tenant downsizing, and reconstruction costs.
Despite challenges, Douglas Emmett maintains a strong liquidity position and focuses on growth opportunities.
Strategic focus on acquiring high-quality buildings and controlling leasing costs underpins operational strengths.

Douglas Emmett reports mixed Q3 results amidst strong leasing activity

Douglas Emmett reported a mixed performance in Q3 with revenue up but FFO and AFFO down, driven by strong office leasing activity and challenges from cautious large tenants.
The company's strengths lie in its robust leasing activity, stable multifamily projects, and prudent capital allocation.
Challenges include tenant caution impacting expansion and disagreements over redevelopment payments.
Opportunities exist in growing demand for office spaces, exploring new market strategies, and maintaining a cautious approach to developments.

Douglas Emmett anticipates lower FFO for 2024 amidst market challenges

Douglas Emmett's Q4 2023 earnings call reflects a balance of solid performance, strategic strengths, challenges from higher interest rates, and opportunities for growth. Management's cautious optimism and focus on market recovery signal a proactive stance towards future success.

Douglas Emmett (DEI) reports resilient performance amidst market challenges

Douglas Emmett (DEI) navigates a mixed landscape with positive operating metrics but revenue decrease. The focus on larger tenants and effective debt management positions the company well for future growth. Challenges in sales transaction volume and cap rates require strategic attention.

Douglas Emmett reports solid Q3 leasing results amidst revenue challenges

Douglas Emmett demonstrated strong leasing performance and financial stability in Q3, despite challenges in revenue and FFO decline due to lower office occupancy.
Strategic focus on high-end tenants, industry diversification, and future growth opportunities position the company well for long-term success.
Addressing challenges in occupancy levels, financial uncertainties, and project execution will be crucial for Douglas Emmett to sustain growth and profitability.

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Douglas Emmett, Inc. is a real estate investment trust engaged in the acquisition, development, ownership, and management of real estate properties. It operates through the Office and Multifamily segments. The Office segment consists of rental of office space and other tenant services, including parking and storage space rental. The Multifamily segment includes rental of apartments and other tenant services, including parking and storage space rental. The company was founded on June 28, 2005, and is headquartered in Santa Monica, CA.

Douglas Emmett operates a portfolio of Class-A office properties in addition to a large portfolio of multifamily apartment units.

Douglas Emmett: Challenged Operating Environment Offsets The Attractive Portfolio (Rating Downgrade)

Douglas Emmett, Inc. (DEI) Q4 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Douglas Emmett (DEI) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Here's What Key Metrics Tell Us About Douglas Emmett (DEI) Q4 Earnings

SANTA MONICA, Calif.--(BUSINESS WIRE)--Douglas Emmett, Inc. (NYSE: DEI), a real estate investment trust (REIT), has released its Fourth Quarter 2023 Earnings Results and Operating Information package by posting it to the investor relations section of its website at www.douglasemmett.com/investors. As previously announced, Jordan Kaplan, CEO, Peter Seymour, CFO, Kevin Crummy, CIO, and Stuart McElhinney, Vice President Investor Relations will host a live conference call to discuss Douglas Emmett'.

Douglas Emmett Releases Fourth Quarter 2023 Earnings Results

SANTA MONICA, Calif.--(BUSINESS WIRE)--Douglas Emmett, Inc. (NYSE: DEI), a real estate investment trust (REIT), announced today the tax treatment of its 2023 common stock dividends as described below. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Douglas Emmett dividends. Record Date Paid Date Dividend Per Share Ordinary Income Capital Gain Return of Capital Amount Qualifying as a Section 199A Dividend 12/30/22 01/18/23 $0.19 $0.03.

Douglas Emmett Announces 2023 Tax Treatment of Dividends

Douglas Emmett (DEI) was a big mover last session on higher-than-average trading volume. The latest trend in FFO estimate revisions might help the stock continue moving higher in the near term.

Douglas Emmett (DEI) Moves 5.3% Higher: Will This Strength Last?

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SANTA MONICA, Calif.--(BUSINESS WIRE)--Douglas Emmett, Inc. (NYSE:DEI), a real estate investment trust (REIT), announced today that it plans to release its 2023 fourth quarter earnings results after market close on Tuesday, February 6, 2024. A live conference call is scheduled for the following day, Wednesday, February 7, 2024, at 11:00 a.m. Pacific Time / 2:00 p.m. Eastern Time. Jordan Kaplan, President and Chief Executive Officer, will host the call along with Peter Seymour, Chief Financial O.

Douglas Emmett Announces Dates for Its 2023 Fourth Quarter Earnings Results and Live Conference Call

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The dividend of Douglas Emmett was slashed and its stock has dropped 26% due to the surge of interest rates to a 16-year high. DEI has been hurt by the triple impact of excessive interest rates. High interest rates have reduced the demand for office space, have increased the interest expense of the REIT, and have compressed its valuation level.

Douglas Emmett Is A Great Investment For Lower Interest Rates

Douglas Emmett, Inc. (NYSE:DEI ) Q3 2023 Results Conference Call November 1, 2023 2:00 PM ET Company Participants Stuart McElhinney - VP, IR Jordan Kaplan - President, CEO Peter Seymour - CFO Kevin Crummy - CIO Conference Call Participants Alexander Goldfarb - Piper Sandler Blaine Heck - Wells Fargo Dylan Burzinski - Green Street Camille Bonnel - Bank of America John Kim - BMO Michael Griffin - Citi Steve Sakwa - Evercore Upal Rana - KeyBanc Bill Crow - Raymond James Rich Anderson - Wedbush Operator Ladies and gentlemen, thank you for standing by, and welcome to Douglas Emmett's Quarterly Earnings Call. Today's call is being recorded.

Douglas Emmett, Inc. (DEI) Q3 2023 Earnings Call Transcript

Although the revenue and EPS for Douglas Emmett (DEI) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Douglas Emmett (DEI) Reports Q3 Earnings: What Key Metrics Have to Say

SANTA MONICA, Calif.--(BUSINESS WIRE)--Douglas Emmett, Inc. (NYSE: DEI), a real estate investment trust (REIT), has released its Third Quarter 2023 Earnings Results and Operating Information package by posting it to the investor relations section of its website at www.douglasemmett.com/investors. As previously announced, Jordan Kaplan, CEO, Peter Seymour, CFO, Kevin Crummy, CIO, and Stuart McElhinney, Vice President Investor Relations will host a live conference call to discuss Douglas Emmett's.

Douglas Emmett Releases Third Quarter 2023 Earnings Results

SANTA MONICA, Calif.--(BUSINESS WIRE)--Douglas Emmett, Inc. (NYSE:DEI), a real estate investment trust (REIT), announced today that it plans to release its 2023 third quarter earnings results after market close on Tuesday, October 31, 2023. A live conference call is scheduled for the following day, Wednesday, November 1, 2023, at 11:00 a.m. Pacific Time / 2:00 p.m. Eastern Time. Jordan Kaplan, President and Chief Executive Officer, will host the call along with Peter Seymour, Chief Financial Of.

Douglas Emmett Announces Dates for Its 2023 Third Quarter Earnings Results and Live Conference Call

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Office REITs are suffering due to the WFH trend unleashed by the pandemic. Effects are worst in large urban areas with long commute times, like Los Angeles. Douglas Emmett owns 18 million square feet of Class A office space and 5000 luxury apartments in glitzy areas of Los Angeles and Honolulu. The company faces declining revenues, and is saddled with rising interest expenses that are cutting into profitability.

Douglas Emmett: Trouble In Paradise

Douglas Emmett, Inc. (NYSE:DEI ) Q2 2023 Results Conference Call August 2, 2023 2:00 PM ET Company Participants Stuart McElhinney - Vice President of Investor Relations Jordan Kaplan - President and CEO Kevin Crummy - CIO Peter Seymour - CFO Conference Call Participants Steve Sakwa - Evercore Alexander Goldfarb - Piper Sandler Blaine Heck - Wells Fargo Michael Griffin - Citi John Kim - BMO Capital Markets Camille Bonnel - Bank of America Dylan Burzinski - Green Street Bill Crow - Raymond James Operator Ladies and gentlemen, thank you for standing by. Welcome to Douglas Emmett's Quarterly Earnings Call.

Douglas Emmett, Inc. (DEI) Q2 2023 Earnings Call Transcript

Douglas Emmett (DEI) came out with quarterly funds from operations (FFO) of $0.48 per share, beating the Zacks Consensus Estimate of $0.47 per share. This compares to FFO of $0.51 per share a year ago.

Douglas Emmett (DEI) Q2 FFO and Revenues Top Estimates

The headline numbers for Douglas Emmett (DEI) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Here's What Key Metrics Tell Us About Douglas Emmett (DEI) Q2 Earnings

SANTA MONICA, Calif.--(BUSINESS WIRE)--Douglas Emmett, Inc. (NYSE: DEI), a real estate investment trust (REIT), has released its Second Quarter 2023 Earnings Results and Operating Information package by posting it to the investor relations section of its website at www.douglasemmett.com/investors. As previously announced, Jordan Kaplan, CEO, Peter Seymour, CFO, Kevin Crummy, CIO, and Stuart McElhinney, Vice President Investor Relations, will host a live conference call to discuss Douglas Emmett.

Douglas Emmett Releases Second Quarter 2023 Earnings Results

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SANTA MONICA, Calif.--(BUSINESS WIRE)--Douglas Emmett, Inc. (NYSE:DEI), a real estate investment trust (REIT), announced today that it plans to release its 2023 second quarter earnings results after market close on Tuesday, August 1, 2023. A live conference call is scheduled for the following day, Wednesday, August 2, 2023, at 11:00 a.m. Pacific Time / 2:00 p.m. Eastern Time. Jordan Kaplan, President and Chief Executive Officer, will host the call along with Peter Seymour, Chief Financial Offic.

Douglas Emmett Announces Dates for Its 2023 Second Quarter Earnings Results and Live Conference Call

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