secwatch.observer — SEC 8-K summary
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Issuer:     Douglas Emmett Inc (DEI)
CIK:        0001364250
Form:       8-K
Filed at:   2022-05-03T23:59:59+00:00
Accession:  0001364250-22-000018
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Douglas Emmett Q1 revenue $238.9M (+10.4% YoY); raises FFO guidance; acquires Santa Monica apartment for $330M
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- Revenue $238.9M (+10.4% YoY); net income $25.5M ($0.14 diluted EPS) vs $11.6M prior year.
- FFO $0.50 per diluted share (+15.4%); raises 2022 FFO guidance to $2.02–$2.08 per share.
- Acquired 1221 Ocean Ave, Santa Monica (120 units) for $330M via JV (55% owned); $175M loan fixed at 3.90%.
- Office leased rate 87.7%, occupancy 84.6%; multifamily 99.7% leased with 9% rent roll-up.
- Paid Q2 dividend $0.28/share ($1.12 annualized); same property Cash NOI up 10.7% to $151.1M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1364250/000136425022000018/0001364250-22-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1364250/000136425022000018/nysedei-20220503.htm
  HTML page:      https://secwatch.observer/filing/0001364250-22-000018

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