earnings
confidence high
sentiment negative
materiality 0.75
Douglas Emmett Q4 FFO $0.38, guides 2025 FFO $1.42-$1.48; Wilshire acquisition closed
Douglas Emmett Inc
2024-FY EPS reported
$0.13
revenue$986,478,000
- Q4 2024 FFO per share $0.38 (down $0.46 YoY); AFFO $59M (vs $75M); revenue $245M (vs $259M).
- Same Property Cash NOI Q4 $142M (down 4.7% YoY); annual $574M (down from $588M).
- Signed 796k sf office leases in Q4; cash rents decreased 7.0% on renewals.
- Jan 2025 JV acquired 10900 Wilshire (30% interest); total JV investment est. $150-200M.
- 2025 FFO guidance $1.42-$1.48 per share (vs $1.71 in 2024); net loss per share $(0.17)-$(0.11).