Douglas Emmett swings to Q1 2026 net loss of $2.5 million; FFO falls to $0.37 a share
Douglas Emmett reported first-quarter 2026 revenues of $251 million, roughly flat from $252 million a year earlier, but posted a net loss attributable to common stockholders of $2.5 million, or $(0.02) per share, compared with net income of $39.8 million, or $0.24 per share, in the first quarter of 2025. FFO per fully diluted share fell to $0.37 from $0.40, and AFFO fell to $49 million from $62 million, which matters to shareholders because these are the company's main measures of cash earnings from its properties. The company also gave 2026 guidance for a net loss per share of $(0.20) to $(0.14) and FFO per share of $1.39 to $1.45.
Key points
- Q1 2026 revenues were $251 million versus $252 million in Q1 2025.
- Net loss attributable to common stockholders was $2.5 million, or $(0.02) per share, versus net income of $39.8 million, or $0.24 per share.
- FFO per fully diluted share was $0.37 versus $0.40; AFFO was $49 million versus $62 million.
- 2026 guidance: net loss per share of $(0.20) to $(0.14) and FFO per fully diluted share of $1.39 to $1.45; the company says Bedford acquisition gains are expected to be largely offset by higher assumed interest expense.
The filing
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 May 05, 2026.
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.