DEI Stock Recent News

Although the revenue and EPS for Douglas Emmett (DEI) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

SANTA MONICA, Calif.--(BUSINESS WIRE)--Douglas Emmett, Inc. (NYSE:DEI), a real estate investment trust (REIT), announced today that it plans to release its 2023 third quarter earnings results after market close on Tuesday, October 31, 2023. A live conference call is scheduled for the following day, Wednesday, November 1, 2023, at 11:00 a.m. Pacific Time / 2:00 p.m. Eastern Time. Jordan Kaplan, President and Chief Executive Officer, will host the call along with Peter Seymour, Chief Financial Of.

Office REITs are suffering due to the WFH trend unleashed by the pandemic. Effects are worst in large urban areas with long commute times, like Los Angeles. Douglas Emmett owns 18 million square feet of Class A office space and 5000 luxury apartments in glitzy areas of Los Angeles and Honolulu. The company faces declining revenues, and is saddled with rising interest expenses that are cutting into profitability.

Douglas Emmett (DEI) came out with quarterly funds from operations (FFO) of $0.48 per share, beating the Zacks Consensus Estimate of $0.47 per share. This compares to FFO of $0.51 per share a year ago.

SANTA MONICA, Calif.--(BUSINESS WIRE)--Douglas Emmett, Inc. (NYSE:DEI), a real estate investment trust (REIT), announced today that it plans to release its 2023 second quarter earnings results after market close on Tuesday, August 1, 2023. A live conference call is scheduled for the following day, Wednesday, August 2, 2023, at 11:00 a.m. Pacific Time / 2:00 p.m. Eastern Time. Jordan Kaplan, President and Chief Executive Officer, will host the call along with Peter Seymour, Chief Financial Offic.

Douglas Emmett cut its quarterly dividend in December 2022 to improve its financial standing. The real estate investment trust's office property portfolio is contending with major headwinds arising from the proliferation of hybrid and remote working arrangements in the US.

Douglas Emmett, Inc. (NYSE:DEI ) Q1 2023 Earnings Conference Call May 3, 2023 2:00 PM ET Company Participants Stuart McElhinney - Vice President of Investor Relations Jordan Kaplan - President & Chief Executive Officer Kevin Crummy - Chief Investment Officer Peter Seymour - Chief Financial Officer Conference Call Participants Alexander Goldfarb - Piper Sandler Blaine Heck - Wells Fargo Michael Griffin - Citi Steve Sakwa - Evercore ISI Dylan Burzinski - Green Street Omotayo Okusanya - Credit Suisse Operator Ladies and gentlemen, thank you for standing by. Welcome to Douglas Emmett's Quarterly Earnings Call.

SANTA MONICA, Calif.--(BUSINESS WIRE)--Douglas Emmett, Inc. (NYSE:DEI), a real estate investment trust (REIT), announced today that it plans to release its 2023 first quarter earnings results after market close on Tuesday, May 2, 2023. A live conference call is scheduled for the following day, Wednesday, May 3, 2023, at 11:00 a.m. Pacific Time / 2:00 p.m. Eastern Time.

SANTA MONICA, Calif.--(BUSINESS WIRE)--Douglas Emmett, Inc. (NYSE: DEI), a real estate investment trust (REIT), announced today that President and CEO Jordan L. Kaplan will be participating in a roundtable discussion at the 2023 Citi Global Property CEO Conference on Monday, March 6, 2023 at 10:35 am Eastern Time. A live webcast of the discussion will be available at: https://kvgo.

Dividend yields are high again in the REIT sector. Share prices dropped in 2022 even as dividends were hiked.