Quarterly ResultMay 8, 2026, 04:32 PM
Douglas Emmett Q1 Net Loss $(2.5)M; EPS $(0.02)
AI Summary
Douglas Emmett Inc. reported a net loss attributable to common stockholders of $(2.5) million, or $(0.02) per share, for the first quarter of 2026, a significant decline from a net income of $39.8 million, or $0.24 per share, in the prior year. Total revenues slightly decreased to $251.0 million from $251.5 million year-over-year. The prior year's results included a $47.2 million gain from the consolidation of a joint venture, which was not present in Q1 2026.
Key Highlights
- Net loss attributable to common stockholders was $(2.498) million, compared to $39.800 million income in Q1 2025.
- Diluted EPS was $(0.02) in Q1 2026, down from $0.24 in Q1 2025.
- Total revenues slightly decreased to $250.959 million from $251.535 million year-over-year.
- Office rental revenues and tenant recoveries decreased to $169.052 million from $172.514 million.
- Multifamily rental revenues increased to $46.006 million from $45.196 million.
- Interest expense rose to $(64.541) million from $(60.078) million.
- Net cash provided by operating activities was $116.936 million, down from $132.636 million.
- Secured notes payable, net, increased to $5.567 billion as of March 31, 2026.