earnings
confidence high
sentiment positive
materiality 0.75
Douglas Emmett Q2 net income up 50.5% to $24.4M; FFO $0.51; narrows FY2022 guidance
Douglas Emmett Inc
2022-Q2 EPS reported
$0.28
revenue$485,852,000
- Revenue grew 9.8% YoY to $247.0M; net income attributable to common stockholders $24.4M ($0.14 diluted EPS).
- FFO of $105.2M ($0.51 per share), up 9.0%; AFFO of $89.6M, up 15.0%.
- Same property Cash NOI increased 5.1% to $151.4M; office leased-to-occupied spread widened to 3.7%.
- Signed 261 office leases covering 1.03M sq ft; multifamily 99.6% leased with average rent roll-up over 8%.
- Guides FY2022 diluted EPS $0.54–$0.58 and FFO $2.03–$2.07 per share; quarterly dividend $0.28.