---
schema_version: "secwatch.filing_event.v1"
accession: "0001364250-24-000023"
form_type: "8-K"
ticker: "DEI"
cik: "0001364250"
company_name: "Douglas Emmett Inc"
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T17:04:48.288561+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 -2.9% to $245M; net income down 51.5% to $8.9M

## Summary
- Net income $8.9M ($0.05 diluted EPS) vs prior year $18.4M ($0.11); FFO down 8.7% to $90.1M ($0.45).
- Same property Cash NOI rose 0.7% to $146.1M, helped by property tax refunds and lower expenses.
- Signed 214 office leases (1.2M sq ft); 250K sq ft renewal in Beverly Hills extends term to 2037.
- Full-year FFO guidance unchanged at $1.64-$1.70 per share; net income guidance $0.04-$0.10.
- Cash and equivalents $556.7M; quarterly dividend maintained at $0.19 per share.

## SEC filing metadata
- accession: 0001364250-24-000023
- form_type: 8-K
- ticker: DEI
- cik: 0001364250
- company_name: Douglas Emmett Inc
- filed_at: 2024-05-07T23:59:59+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/1364250/000136425024000023/0001364250-24-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1364250/000136425024000023/nysedei-20240507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001364250-24-000023
- JSON: https://secwatch.observer/filing/0001364250-24-000023.json
- Plain text: https://secwatch.observer/filing/0001364250-24-000023.txt

## Key facts
- Earnings Releases
  Douglas Emmett Inc reported the quarter ended March 31, 2024 results: revenue $245.0 million, net income $8.9 million, or net income of $0.05 per diluted share. Guidance reaffirmed.
  - Period: the quarter ended March 31, 2024
  - Revenue: $245.0 million
  - Net income: $8.9 million, or net income of $0.05 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: submarkets of Los Angeles and Honolulu. Quarterly Results: For the quarter ended March 31, 2024 compared to the quarter ended March 31, 2023: • Our revenues decreased by 2.9% to $245.0 million, as increased revenue from new residential units, higher in-place office rents and increased parking revenue were more than offset by lower office occupancy, lower tenant
  evidence_url: https://www.sec.gov/Archives/edgar/data/1364250/000136425024000023/0001364250-24-000023-index.htm

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