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Douglas Emmett (DEI)
NYSE:DEI
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Earnings Data
Report Date
Feb 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.06Last Year’s EPS
-$0.24Same Quarter Last Year
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: 5.50%
|Next Earnings Date:Feb 11, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong leasing performance and improvements in the portfolio leased rate, alongside increased FFO guidance and robust residential performance. However, there were challenges with decreased revenue, FFO, and NOI, as well as anticipated occupancy drops due to major tenant move-outs and an ongoing insurance dispute. Despite these challenges, the company is optimistic about future acquisitions and repositioning projects.Company Guidance
During the Douglas Emmett Q3 2024 earnings call, the company reported leasing over 1 million square feet of office space, including over 350,000 square feet of new leases, and improved the portfolio leased rate by 50 basis points to 82%. The company achieved a Funds From Operations (FFO) of $0.43 per share and raised its full-year FFO guidance by $0.04. Despite a planned drop in occupancy next quarter due to the vacating of Studio Plaza, the company is encouraged by lower-than-average lease expirations over the next five years, indicating potential stability. Additionally, the residential portfolio remained strong, with a 99.1% lease rate. The company is focused on opportunities in multi-tenant office buildings and does not foresee immediate impacts from potential acquisitions or dispositions in their guidance.Strong Leasing Performance
Leased over 1 million square feet of office space, including over 350,000 square feet of new leases, with tenant demand strong in all 3 regions.
Portfolio Leased Rate Improvement
Achieved positive absorption of 90,000 square feet and improved leased rate by 50 basis points to 82%.
Increased FFO Guidance
Raised full year FFO guidance by $0.04 based on improved expectations for the fourth quarter.
Residential Portfolio Performance
Residential portfolio remains fully leased at 99.1% with rents continuing to rise.
Focus on High-Quality Asset Acquisition
Plans to acquire high-quality assets at attractive prices and reposition existing projects like Studio Plaza and Barrington Plaza.
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DEI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DEI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $18.00 | $18.48 | +2.67% |
| Aug 08, 2024 | $15.09 | $14.66 | -2.85% |
| May 07, 2024 | $13.40 | $13.58 | +1.34% |
| Feb 06, 2024 | $12.23 | $12.57 | +2.78% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Douglas Emmett (DEI) report earnings?
Douglas Emmett (DEI) is schdueled to report earning on Feb 11, 2025, TBA Not Confirmed.
What is Douglas Emmett (DEI) earnings time?
Douglas Emmett (DEI) earnings time is at Feb 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DEI EPS forecast?
DEI EPS forecast for the fiscal quarter 2024 (Q4) is -$0.06.
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