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

Douglas Emmett Q2 revenue falls 3.0% to $245.8 million; FFO down 4.5% to $92.1 million

Mixed Impact 3 of 5 earnings Written later

Douglas Emmett reported second quarter 2024 results on August 8, 2024. Revenue fell 3.0% to $245.8 million and FFO fell 4.5% to $92.1 million, or $0.46 per fully diluted share, while net income attributable to common stockholders rose to $10.9 million, or $0.06 per diluted share, mainly because the prior-year period included accelerated depreciation tied to removing Barrington Plaza from the rental market. The company narrowed its 2024 guidance to $0.05 to $0.09 per diluted share for net income and $1.65 to $1.69 per fully diluted share for FFO.

Key points

  • Total revenues were $245.8 million, down from $253.4 million in the second quarter of 2023, as vacancy at Barrington Plaza and lower office occupancy offset higher parking and residential revenue.
  • Net income attributable to common stockholders was $10.9 million, compared with a loss of $7.3 million a year earlier.
  • FFO was $92.1 million, or $0.46 per fully diluted share, down from $96.4 million, or $0.48, a year earlier, due to higher interest expense and lower revenues.
  • 2024 guidance was narrowed to $0.05 to $0.09 per diluted share for net income and $1.65 to $1.69 per fully diluted share for FFO; the filing does not state the prior range.

The filing

CompanyDouglas Emmett (DEI)
Form8-K, current report
Filed with the SECAug 8, 2024, 4:10 PM ET
Accession number0001364250-24-000037

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:54 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 August 08, 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.