secwatch.observer — SEC 8-K summary
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Issuer:     Douglas Emmett Inc (DEI)
CIK:        0001364250
Form:       8-K
Filed at:   2023-02-07T23:59:59+00:00
Accession:  0001364250-23-000005
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1364250/000136425023000005/0001364250-23-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1364250/000136425023000005/nysedei-20230207.htm
  HTML page:      https://secwatch.observer/filing/0001364250-23-000005

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