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AI brief of an SEC Form 8-K · Douglas Emmett (DEI)

Douglas Emmett swings to Q4 net loss of $40.5 million as revenue rises 2.0%

Mixed Impact 3 of 5 earnings Written later

Douglas Emmett reported a fourth-quarter 2023 net loss attributable to common stockholders of $40.5 million, or $0.24 per diluted share, compared with net income of $24.3 million a year earlier, with the company citing a $36.2 million impairment charge on its interest in an unconsolidated fund. Revenue rose 2.0% to $259.3 million, but funds from operations fell 12.0% to $92.9 million, and the company gave 2024 per-share guidance of $0.04 to $0.10 for diluted net income and $1.64 to $1.70 for FFO.

Key points

  • Q4 2023 revenues rose 2.0% to $259.3 million, helped by a one-time $5.5 million ground rent back payment
  • Q4 2023 net loss attributable to common stockholders of $40.5 million, or $0.24 per diluted share, versus net income of $24.3 million in Q4 2022
  • Q4 2023 FFO fell 12.0% to $92.9 million, or $0.46 per fully diluted share
  • 2024 guidance: net income per diluted share of $0.04 to $0.10 and FFO per fully diluted share of $1.64 to $1.70

The filing

CompanyDouglas Emmett (DEI)
Form8-K, current report
Filed with the SECFeb 6, 2024, 4:10 PM ET
Accession number0001364250-24-000007

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:55 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 06, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.