Douglas Emmett Q3 net loss $13.4M; FFO down 15% to $89.4M

Douglas Emmett Inc

2023-Q3 EPS reported -$0.02 revenue$761,209,000

Revenue $255.4M (+0.7% YoY); net loss $13.4M vs net income year-ago.
FFO $89.4M ($0.45/sh), down 15%; AFFO $68.7M, down 24%.
Same property Cash NOI $151.5M (+0.4%).
Signed 225 office leases (934k sf); cash rents decreased 9.7%.
Guidance: net loss per share $(0.13)-(0.09), FFO per share $1.81-$1.85.

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 0.9

Douglas Emmett Inc reported the quarter ended September 30, 2023 results: revenue $255.4 million, net income a net loss of $13.4 million, or a net loss of $0.08 per diluted share, EPS $0.08 per diluted share. Guidance reaffirmed.

Period: the quarter ended September 30, 2023
Revenue: $255.4 million
Net income: a net loss of $13.4 million, or a net loss of $0.08 per diluted share
EPS: $0.08 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

• Our revenues increased by 0.7% to $255.4 million, primarily due to higher tenant recoveries and parking revenues from our office portfolio and new units in our multifamily portfolio offset by tenants vacating Barrington Plaza. • Our net income attributable to common stockholders decreased by 158.2% to a net loss of $13.4 million, or a net loss of $0.08 per diluted share.

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Source: SEC EDGAR

accession 0001364250-23-000065

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