earnings
confidence high
sentiment positive
materiality 0.75
Douglas Emmett Q3 2021 FFO $0.48, revenue up 9.8% to $238.2M
Douglas Emmett Inc
2021-Q3 EPS reported
$0.26
revenue$679,545,000
- Revenue $238.2M (+9.8% YoY); net income $18.1M (+380.8%); FFO $0.48/share (+19.0%).
- Same property Cash NOI $150.4M (+13.5%); office leased rate 87.6% (+30bps); occupancy 85.0%.
- Signed 242 office leases covering 819k sq ft; straight-line rents +3.9%, cash rents -6.1%.
- Closed $740M in secured loans at avg 2.13% fixed rate; no debt maturities before 2024.
- Q4 guidance: net income $0.09-$0.11; FFO $0.47-$0.49 per share.