earnings
confidence high
sentiment positive
materiality 0.75
Douglas Emmett Q4 revenue up 10.9% to $238.9M, FFO $0.48; resumes 2022 guidance
Douglas Emmett Inc
2021-FY EPS reported
$0.37
revenue$918,397,000
- Q4 net income $19.3M ($0.11 diluted EPS), up 9.2% YoY; FFO $98.5M ($0.48/share).
- Same-property cash NOI rose 19.1% to $152.6M; AFFO increased 20.1% to $91.3M.
- Office leased rate 87.6%, occupancy 84.9%; signed 216 leases covering 858K sq ft.
- Closed $300M non-recourse term loan at 2.66% fixed through 2027; no maturities before Dec 2024.
- 2022 guidance: net income per share $0.52-$0.58, FFO per share $2.01-$2.07.