secwatch.observer — SEC 8-K summary
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Issuer:     Douglas Emmett Inc (DEI)
CIK:        0001364250
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0001364250-23-000029
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1364250/000136425023000029/0001364250-23-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1364250/000136425023000029/nysedei-20230502.htm
  HTML page:      https://secwatch.observer/filing/0001364250-23-000029

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