REIT Douglas Emmett's Q3 revenue misses expectations

Douglas Emmett

04/11/2025 22:03

Overview

Douglas Emmett Q3 revenue missed analyst expectations, remaining flat year-over-year

Net loss attributable to common stockholders was $11 mln, down from a $5 mln profit

Outlook

Douglas Emmett expects 2025 Net Income Per Common Share - Diluted between $0.07 and $0.11

Company narrows 2025 FFO per fully diluted share guidance to $1.43-$1.47

Result Drivers

ACQUISITIONS AND CONSOLIDATION - Results reflect acquisition of 10900 Wilshire and consolidation of a joint venture owning two Class A office properties

PROPERTY TAX REFUNDS - Higher property tax refunds benefited results, though timing remains unpredictable

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$251 mln
$252.60 mln (6 Analysts)
Q3 Dividend
$0.19


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 9 "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 $16.75, about 22.6% above its November 3 closing price of $12.96

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)