DEI
Douglas Emmett, Inc.11.52
-0.15-1.29%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
2.34BP/E (TTM)
96.00Basic EPS (TTM)
0.12Dividend Yield
0.07%Recent Filings
8-K
8-K
10-Q
Q2 FY2025 results
Douglas Emmett's Q2 revenues climbed 2.8% y/y to $252.4M, fueled by multifamily gains of 6.6% from higher occupancy and rates, while office dipped slightly amid repositioning at Studio Plaza. Yet operating expenses surged 8.7% y/y to $206.8M, driven by property taxes and services, yielding a net loss of $15.1M versus $9.2M income last year; interest expense jumped 18.9% y/y to $65.3M on floating debt. Free cash flow hit $120.4M (derived), with $426.9M cash bolstering liquidity against $5.6B debt at 3.78% fixed average. Q2 JV consolidation added $47.2M gain YTD. Acquisitions like 10900 Wilshire in January signal growth. Competition from remote work trends pressures office demand.
8-K
Q2 results mixed; office-to-resi shift
Douglas Emmett reported Q2 2025 revenues of $252 million, up from $246 million, but swung to a $6 million net loss from $11 million profit, with FFO per share dipping to $0.37 from $0.46 amid office cash rent declines of 13.3%. Multifamily NOI surged over 10%, while office leasing hit 973,000 square feet, boosting in-place rents to record highs. The company plans a phased $200-250 million conversion of 10900 Wilshire office into 320 apartments, mirroring past successes. Yet debt pressures linger.
8-K
Annual meeting elects directors
Douglas Emmett's stockholders elected seven directors—Jordan L. Kaplan, Kenneth M. Panzer, Leslie E. Bider, Dorene C. Dominguez, Virginia A. McFerran, Thomas E. O'Hern, William E. Simon Jr., and Shirley Wang—to serve until 2026 at the May 29, 2025 annual meeting. They ratified Ernst & Young as auditors for 2025 and approved 2024 executive pay on a non-binding basis. Votes showed strong support overall, yet notable opposition to McFerran and Simon. Continuity holds firm.
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