secwatch.observer — SEC 8-K summary
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Issuer:     Douglas Emmett Inc (DEI)
CIK:        0001364250
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001364250-24-000037
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DEI Q2 revenue -3.0% to $245.8M, FFO $0.46/sh; FY guidance narrowed
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- Revenue decreased 3.0% to $245.8M; net income $10.9M ($0.06 diluted) vs prior $3.1M surge due to prior accelerated depreciation.
- FFO fell 4.5% to $92.1M ($0.46/sh); AFFO down 0.8% to $74.2M.
- Same property Cash NOI declined 0.2% to $146.2M; multifamily 99% leased; office leasing cash rents -12.4%.
- Paid Q2 cash dividend $0.19/sh on July 16; annualized $0.76; no change.
- Narrowed 2024 guidance: net income $0.05-$0.09/sh, FFO $1.65-$1.69/sh; includes Warner Bros. move-out.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1364250/000136425024000037/0001364250-24-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1364250/000136425024000037/nysedei-20240808.htm
  HTML page:      https://secwatch.observer/filing/0001364250-24-000037

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