secwatch.observer — SEC 8-K summary
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Issuer:     Douglas Emmett Inc (DEI)
CIK:        0001364250
Form:       8-K
Filed at:   2021-08-04T23:59:59+00:00
Accession:  0001364250-21-000034
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Douglas Emmett Q2 FFO $0.47, net income up 698% to $16.2M, record leasing 1.3M sq ft
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- Revenue $225M (+8.3% YoY); net income $16.2M (+698% YoY); FFO $96.5M ($0.47/share).
- Signed record 1.3M sq ft office leases; leased rate 87.3% (down 0.4%); cash rents on new leases down 6.6% vs expiring.
- Closed $300M secured term loan at LIBOR+1.40% (fixed at 2.21% via swaps); used $175M to cut revolver balance.
- Multifamily 99.4% leased; Bishop tower 100% leased on 174 units; Brentwood high-rise first deliveries Q4 2021.
- Q3 FFO guidance $0.44-$0.46, net income $0.06-$0.08; no Q4 guidance due to pandemic uncertainty.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1364250/000136425021000034/0001364250-21-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1364250/000136425021000034/nysedei-20210803.htm
  HTML page:      https://secwatch.observer/filing/0001364250-21-000034

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