Douglas Emmett Q2 net loss narrows to $3M; FFO flat; lowers FY occupancy guidance

Douglas Emmett Inc

Q2 2026 revenue $257M (up 2% YoY); net loss $(3)M vs $(6)M; FFO per share $0.37 unchanged.
Same Property Cash NOI $152M vs $154M; signed 960k sq ft office leases; positive absorption 60k sq ft.
Acquired Bedford Collection medical office portfolio in Beverly Hills for $260M via JV; DEI holds 13.3% stake.
Refinanced $815M in office loans with new 4-year non-recourse debt at ~6% fixed for 3 years.
Lowered FY 2026 office occupancy guidance to 75%-77%; net loss per share guidance $(0.20)-$(0.16); FFO $1.39-$1.43.

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