earnings
confidence high
sentiment negative
materiality 0.75
Douglas Emmett Q1 net loss $2M; FFO $0.37 vs $0.40; record leasing 461k sq ft
Douglas Emmett Inc
2026-Q1 EPS reported
-$0.02
revenue$250,959,000
- Net loss of $2M in Q1 2026 vs net income $40M in Q1 2025; FFO per diluted share $0.37 vs $0.40.
- Revenue $251M vs $252M YoY; Same Property Cash NOI $152M vs $155M; AFFO $49M vs $62M.
- Record quarterly new leasing of 461k sq ft; positive absorption 100k sq ft; straight-line rent roll up 5.3%.
- April JV acquired Bedford Collection (246k sq ft medical office) for $260M; DEI holds 13% stake; $130M loan at SOFR+1.70% fixed at 5.26%.
- 2026 guidance: FFO per share $1.39-$1.45; net loss per share $(0.20)-$(0.14); gains from Bedford largely offset by higher interest.