Douglas Emmett Q4 revenue up 6.4%; net income up 25.7%; guides FFO down in 2023

Douglas Emmett Inc

2022-FY EPS reported $0.55 revenue$993,652,000

Q4 revenue $254.1M (+6.4% YoY); net income $24.3M ($0.14 diluted EPS); FFO $105.5M ($0.51/share).
FY 2022 revenue $993.7M (+8.2%); net income $97.1M ($0.55 diluted EPS); FFO $419.7M ($2.03/share).
FY 2023 FFO guidance $1.87-$1.93/share; net income $0.39-$0.45/share; interest expense $192-$196M.
Q4 office leasing 772K sq ft; cash rents on renewals down 9.9%; office occupancy seen flat at 82-84%.
Multifamily 99.4% leased; rent roll-up on new leases >5%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Douglas Emmett Inc reported the quarter ended December 31, 2022 results: revenue $254.1 million, net income $24.3 million, or $0.14 per diluted share.

Period: the quarter ended December 31, 2022
Revenue: $254.1 million
Net income: $24.3 million, or $0.14 per diluted share
Result: reported results

Exact text from the filing

of Los Angeles and Honolulu. Quarterly Results: For the quarter ended December 31, 2022 compared to the quarter ended December 31, 2021: • Our revenues increased by 6.4% to $254.1 million. • Our net income attributable to common stockholders increased by 25.7% to $24.3 million, or $0.14 per diluted share. • Our FFO increased by 7.2% to $105.5 million, or $0.51 per

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Douglas Emmett Inc reported the year ended December 31, 2022 results: revenue $993.7 million, net income $97.1 million, or $0.55 per diluted share.

Period: the year ended December 31, 2022
Revenue: $993.7 million
Net income: $97.1 million, or $0.55 per diluted share
Result: reported results

Exact text from the filing

on expenses and lower office occupancy. Annual Results: For the year ended December 31, 2022 compared to the year ended December 31, 2021: • Our revenues increased by 8.2% to $993.7 million. • Our net income attri butable to common stockholders increased by 48.8% to $97.1 million, or $0.55 per diluted share. • Our FFO increased by 9.4% to $419.7 million, or $2.03

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Source: SEC EDGAR

accession 0001364250-23-000005

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