---
schema_version: "secwatch.filing_event.v1"
accession: "0001364250-23-000029"
form_type: "8-K"
ticker: "DEI"
cik: "0001364250"
company_name: "Douglas Emmett Inc"
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T03:04:26.936211+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Douglas Emmett Q1 revenue up 5.7% to $252.4M, FFO down 5% amid higher interest costs

## Summary
- Net income fell 28% to $18.4M ($0.10 diluted EPS); FFO $98.6M ($0.47), down 5% YoY.
- Same-property cash NOI -1.5% to $148.8M; office occupancy guidance cut to 81-83%.
- Repurchased 6M shares at avg $12.32; quarterly dividend maintained at $0.19/share.
- Leasing: 235 office leases (625k sf); straight-line rents +6%, cash rents -6.7%.
- Full year FFO guidance unchanged at $1.87-$1.93/share; net income guidance $0.35-$0.41.

## SEC filing metadata
- accession: 0001364250-23-000029
- form_type: 8-K
- ticker: DEI
- cik: 0001364250
- company_name: Douglas Emmett Inc
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1364250/000136425023000029/0001364250-23-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1364250/000136425023000029/nysedei-20230502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001364250-23-000029
- JSON: https://secwatch.observer/filing/0001364250-23-000029.json
- Plain text: https://secwatch.observer/filing/0001364250-23-000029.txt

## Key facts
- Earnings Releases
  Douglas Emmett Inc reported the quarter ended March 31, 2023 results: revenue $252.4 million, net income $18.4 million, or $0.10 per diluted share. Guidance lowered.
  - Period: the quarter ended March 31, 2023
  - Revenue: $252.4 million
  - Net income: $18.4 million, or $0.10 per diluted share
  - Guidance: lowered
  - Result: reported results
  source text: submarkets of Los Angeles and Honolulu. Quarterly Results: For the quarter ended March 31, 2023 compared to the quarter ended March 31, 2022: • Our revenues increased by 5.7% to $252.4 million, reflecting the addition of new units to our multifamily portfolio, which increased by 617 units, and higher in-place office and multifamily rental rates. • Our net income
  evidence_url: https://www.sec.gov/Archives/edgar/data/1364250/000136425023000029/0001364250-23-000029-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.