Quarterly ResultMay 5, 2026, 04:18 PM
Douglas Emmett Q1 Net Loss $(2)M; Acquires $260M Medical Office Portfolio
AI Summary
Douglas Emmett, Inc. reported a net loss of $(2) million for Q1 2026, a significant decrease from $40 million net income in Q1 2025, with FFO per fully diluted share declining to $0.37 from $0.40. Despite the financial downturn, the company achieved record new leasing activity of 461,000 square feet and positive absorption of 100,000 square feet. Additionally, Douglas Emmett acquired The Bedford Collection, a $260 million medical office portfolio, and saw a 4.2% increase in multifamily same property cash NOI. The company provided 2026 guidance projecting a net loss per common share between $(0.20) and $(0.14).
Key Highlights
- Q1 2026 net loss attributable to common stockholders was $(2) million, down from $40 million in Q1 2025.
- FFO per fully diluted share decreased to $0.37 in Q1 2026 from $0.40 in Q1 2025.
- Executed 461,000 square feet of new leases, marking the best quarter ever for new leasing.
- Achieved 100,000 square feet of positive absorption in the In-Service Portfolio for the second consecutive quarter.
- Acquired The Bedford Collection, a 246,000 sq ft medical office portfolio, for $260 million.
- Multifamily same property cash NOI increased by 4.2% compared to Q1 2025.
- Paid a quarterly cash dividend of $0.19 per common share.
- Provided 2026 guidance for FFO per fully diluted share between $1.39 and $1.45.