secwatch.observer — SEC 8-K summary
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Issuer:     Douglas Emmett Inc (DEI)
CIK:        0001364250
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001364250-24-000023
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 -2.9% to $245M; net income down 51.5% to $8.9M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1364250/000136425024000023/0001364250-24-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1364250/000136425024000023/nysedei-20240507.htm
  HTML page:      https://secwatch.observer/filing/0001364250-24-000023

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