earnings
confidence high
sentiment neutral
materiality 0.70
Douglas Emmett Q1 revenue $252M, net income $40M; FFO/share $0.40 vs $0.45; guides 2025 FFO $1.42-$1.48
Douglas Emmett Inc
2025-Q1 EPS reported
$0.24
revenue$251,535,000
- Revenue $252M (Q1 2024: $245M); net income to common stockholders $40M ($9M); FFO per share $0.40 ($0.45).
- AFFO $62M vs $75M; Same Property Cash NOI $151M vs $152M; office leasing 753k sq ft signed.
- Joint venture acquired 10900 Wilshire (247k sq ft office + residential site); total investment $150-$200M over 3-4 years.
- Refinanced $335M secured loan at 4.57% fixed rate maturing 2032; closed $127.2M new loan at 4.99% fixed through 2030.
- 2025 guidance: net income per share $0.07-$0.13; FFO per share $1.42-$1.48; quarterly dividend $0.19/share.