Douglas Emmett Q1 revenue flat, posts net loss

Douglas Emmett

05/05/2026 21:56

Overview

US office and apartment landlord's Q1 revenue was flat yr/yr

Company swung to a net loss, FFO per share declined yr/yr

Company recorded record new leasing and strong multifamily demand

Outlook

Douglas Emmett expects 2026 net loss per diluted share between $(0.20) and $(0.14)

Company sees 2026 FFO per fully diluted share between $1.39 and $1.45

Company expects FFO gains from Bedford acquisition to be offset by higher interest expense

Result Drivers

RECORD OFFICE LEASING - Co recorded its best quarter ever for new office leasing, including record leasing to tenants over 10,000 sq ft, and positive absorption for the second consecutive qtr

MULTIFAMILY DEMAND - Strong demand and increasing rents drove full occupancy and 4.2% higher same property cash NOI yr/yr in multifamily segment

LEASE STRUCTURE IMPACT - Straight-line value of new leases increased 5.3%, as annual fixed rent bumps offset 7.7% lower beginning cash rent compared to expiring leases

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$251 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 10 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the commercial reits peer group is "buy."

Wall Street's median 12-month price target for Douglas Emmett Inc is $11.00, about 0.8% below its May 4 closing price of $11.09

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)