Douglas Emmett: Q4 Earnings Snapshot
By AP News
Published - Feb 07, 2023, 04:57 PM ET
Last Updated - Jun 22, 2023, 10:50 PM EDT
SANTA MONICA, Calif. (AP) — SANTA MONICA, Calif. (AP) — Douglas Emmett Inc. (DEI) on Tuesday reported a key measure of profitability in its fourth quarter. The results did not meet Wall Street expectations.
The Santa Monica, California-based real estate investment trust said it had funds from operations of $105.5 million, or 51 cents per share, in the period.
The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of 52 cents per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
