Douglas Emmett: Q1 Earnings Snapshot
By Ap News
Published - May 07, 2024, 04:39 PM ET
Last Updated - May 27, 2024, 01:01 AM EDT
SANTA MONICA, Calif. (AP) — SANTA MONICA, Calif. (AP) — Douglas Emmett Inc. (DEI) on Tuesday reported a key measure of profitability in its first quarter. The results exceeded Wall Street expectations.
The real estate investment trust, based in Santa Monica, California, said it had funds from operations of $90.1 million, or 45 cents per share, in the period.
The average estimate of seven analysts surveyed by Zacks Investment Research was for funds from operations of 43 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.
