secwatch.observer — SEC 8-K summary
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Issuer:     Douglas Emmett Inc (DEI)
CIK:        0001364250
Form:       8-K
Filed at:   2024-02-06T23:59:59+00:00
Accession:  0001364250-24-000007
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Douglas Emmett reports Q4 net loss of $40.5M; 2024 FFO guidance below 2023 level
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- Q4 2023 net loss $40.5M ($0.24 per diluted share) vs net income $24.3M a year ago.
- Revenue up 2.0% to $259.3M; FFO down 12.0% to $92.9M ($0.46 per share).
- Full-year 2023 net loss $42.7M ($0.26 per share); FFO $377.3M ($1.86 per share).
- Office leasing 3.2M sq ft in 2023; post-quarter signed 250k sq ft renewal in Beverly Hills.
- 2024 guidance: EPS $0.04-0.10, FFO per share $1.64-1.70, citing tenant move-out and higher interest.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1364250/000136425024000007/0001364250-24-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1364250/000136425024000007/nysedei-20240206.htm
  HTML page:      https://secwatch.observer/filing/0001364250-24-000007

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