Douglas Emmett reported nine-month FFO of $221.9 million, down 1.0% from $224.1 million, while third-quarter FFO rose 1.6% to $69.6 million; office occupancy was 76.7% as of September 30, 2026.
DEI · Douglas Emmett Inc
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Douglas Emmett reported office occupancy of 76.7%, up more than a full percentage point, after successfully refinancing $1.2 billion of loans; FFO increased from $68.5 million to $69.6 million, while 2026 diluted FFO guidance remained $1.39 and $1.43 per share.
Douglas Emmett, Inc. reported FFO of $0.34 per fully diluted share for the quarter ended September 30, 2026 and office occupancy rising by more than a full percentage point to 76.7%; 2026 FFO per fully diluted share is guided at $1.39 to $1.43.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q2 FY26 earnings call · Aug 5, 2026TL;DR. Douglas Emmett reported FFO of $0.37 per share and lowered its 2026 office occupancy guidance range to 75–77% due to including Studio Plaza for the full year, while setting 2026 FFO guidance at $1.39–$1.43 and net loss per share guidance of $(0.20) to $(0.16), with higher market interest rates cited as offsetting improved operating income.
- + Signed approximately 960,000 square feet of office leases with positive absorption of ~60,000 square feet and straight-line rents 3.2% higher than expiring leases
- + Acquired the Bedford Collection, a 5-building 246,000-square-foot medical office portfolio in Beverly Hills for $260 million via managed JV
- + Refinanced two office loans totaling $815 million with new four-year debt fixed at just over 6%
- + Multifamily portfolio drove 2.0% higher same property cash NOI with portfolio leased at 99.4%
- − Lowered 2026 office occupancy guidance range to 75%–77% due to including Studio Plaza in the in-service portfolio
- − Set 2026 net loss per diluted share guidance of $(0.20) to $(0.16) as higher market interest rates were said to more than offset improved operating income
- − Same property cash NOI decreased 1.2% for the quarter, driven by a 2.1% decline in office cash NOI
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted Funds From Operations (AFFO) non-GAAP | 55.9M | Three Months Ended June 30, 2026 | — |
| AFFO | 56M | Q2 2026 | — |
GAAP → non-GAAP reconciliationFFO 76.35M (non-GAAP)
-3.15M Straight-line rent
-595K Net accretion of acquired above- and below-market leases
+4.85M Loan costs, loan premium amortization and swap amortization
-31.13M Recurring capital expenditures, tenant improvements and capitalized leasing expenses
+5.39M Non-cash compensation expense
+4.2M Adjustments attributable to consolidated JVs
= AFFO 55.9M
|
|||
| AFFO payout ratio | 70.7% | Three months ended June 30, 2026 | — |
| Annualized Rent Per Leased Square Foot | $48.09 | As of June 30, 2026 | — |
| Apartment units in active Development Portfolio | 1,035 | June 30, 2026 | — |
| Apartments owned by consolidated JVs | 793 | June 30, 2026 | — |
| Available square feet | 3,586,984 | At June 30, 2026 | — |
| BOMA adjustment on leased space square feet | 54,289 | At June 30, 2026 | — |
| Building management use square feet | 112,292 | At June 30, 2026 | — |
| Cash Rent Change on Office Leases Executed | -9.5% | Three months ended June 30, 2026 | — |
| Ending % leased (Office) | 80.7% | As of June 30, 2026 | — |
| Ending % occupied (Office) | 77.1% | As of June 30, 2026 | — |
| FFO per fully diluted share | $0.37 | Q2 2026 | — |
| Funds From Operations (FFO) non-GAAP | 76.35M | Three Months Ended June 30, 2026 | — |
| In-Service Portfolio apartment units | 4,410 | June 30, 2026 | — |
| In-Service Portfolio Class A office rentable area | 18.2M | June 30, 2026 | — |
| Leased square feet | 14,475,151 | At June 30, 2026 | — |
| Monthly Rent Per Leased Unit (Multifamily Total / Weighted Average) | $3,482 | As of June 30, 2026 | — |
| Multifamily leased rate | 99.4% | June 30, 2026 | — |
| New lease value versus expiring leases | 3.2% | Q2 2026 | — |
| Number of units (Multifamily) | 4,410 | As of June 30, 2026 | — |
| Office leased rate | 80.3% | June 30, 2026 | — |
| Office leases signed | 960,000 | Q2 2026 | — |
| Office net absorption | 60,000 | Q2 2026 | — |
| Office occupancy rate | 75.6% | June 30, 2026 | — |
| Office property square feet in Total Portfolio | 4.8M | At June 30, 2026 | — |
| Office square footage owned by consolidated JVs | 4.8M | June 30, 2026 | — |
| Our Annualized Rent | $654,885,901 | As of June 30, 2026 | — |
| Our Market Share | 39% | As of June 30, 2026 | — |
| Our Percent Leased | 80.3% | As of June 30, 2026 | — |
| Our Share of Net Debt to Pro Forma Enterprise Value | 64% | June 30, 2026 | — |
| Percent Leased (Multifamily Total / Weighted Average) | 99.4% | As of June 30, 2026 | — |
| Recurring Multifamily Capital Expenditures per Unit | $385 | Six months ended June 30, 2026 | — |
| Recurring Office Capital Expenditures per Rentable Square Foot | $0.1 | Six months ended June 30, 2026 | — |
| Residential apartments in Total Portfolio | 793 | At June 30, 2026 | — |
| Same Property Cash NOI | 152M | Q2 2026 | — |
| Signed leases not commenced square feet | 856,310 | At June 30, 2026 | — |
| Total Cash NOI non-GAAP | 151.78M | Three Months Ended June 30, 2026 | — |
| Total NOI non-GAAP | 154.81M | Three Months Ended June 30, 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
REIT - Office — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
DEI
this stock
Douglas Emmett Inc
|
$1.66B | -9.9% | +1.8% | — | 18.0% |
|
BXP
BXP, Inc.
|
$10.18B | -5.5% | +2.2% | 19.1 | 8.0% |
|
ARE
Alexandria Real Estate Equities, Inc.
|
$7.64B | -10.4% | -2.9% | — | 3.7% |
|
VNO
Vornado Realty Trust
|
$6.48B | +4.3% | +1.3% | — | 6.5% |
|
CUZ
Cousins Properties Inc
|
$4.88B | +15.0% | +16.0% | 329.3 | 8.0% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Nov 6, 2026
- This year
- 13
Douglas Emmett reported nine-month FFO of $221.9 million, down 1.0% from $224.1 million, while third-quarter FFO rose 1.6% to $69.6 million; office occupancy was 76.7% as of September 30, 2026.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| DEI | -2.7% | +1.4% | -14.5% | -2.3% | -9.9% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | -5.2% | +2.6% | -15.0% | -2.1% | -20.5% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.