NYSE$DEI
Douglas Emmett Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Reported an increase in revenue, net income, FFO, and AFFO compared to the same quarter last year.
Douglas Emmett reported a revenue increase of 10.4% to $238.9 million and a net income increase of 119.9% to $25.5 million, or $0.14 per diluted share, for the quarter ended March 31, 2022, compared to the quarter ended March 31, 2021.
- Revenues increased by 10.4% to $238.9 million.
- Net income attributable to common stockholders increased by 119.9% to $25.5 million, or $0.14 per diluted share.
- FFO increased by 15.4% to $103.8 million, or $0.50 per fully diluted share.
- Same property Cash NOI increased by 10.7% to $151.1 million.
Headline financials
Revenue & EPS history
Douglas Emmett · Revenue · Quarterly
$239M
Revenue by segment
Douglas Emmett · $239M total across 4 segments · Q1 2022
- Office Rental$180M—75.5%
- Multifamily Rental$31.2M—13.1%
- Office Parking & Other$22.7M—9.5%
- Multifamily Parking & Other$4.51M—1.9%
Forward guidance
The company is raising its guidance for 2022 net income per common share diluted to be between $0.53 and $0.59 and FFO per share to be between $2.02 and $2.08.
Tailwinds
- Net income per common share - diluted guidance: $0.53 to $0.59
- FFO per share - fully diluted guidance: $2.02 to $2.08
- Average Office Occupancy: 84% to 86%
- Residential Leased Rate: Essentially fully leased
- Same Property Cash NOI Growth: 4.5% to 5.5%
Headwinds
- Guidance does not include the impact of any future property acquisitions or dispositions.
- Guidance does not include the impact of financings.
- Guidance does not include the impact of property damage insurance recoveries.
- Guidance does not include the impact of other possible capital markets activities.
- It is also subject to the changing impacts of the COVID-19 pandemic and general economic conditions.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
+0.1%
Avg return
Earnings day
+0.8%
Avg return
5 days after
+0.7%
Avg return
30 days after
41%
28 / 68 earnings
Positive
+7.9%
Q3 2020
Best reaction
-8.9%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +7.3% | +7.0% | +7.5% | |
| Q4 2025 | -3.2% | -4.7% | -8.2% | |
| Q3 2025 | -4.8% | -5.0% | -7.8% | |
| Q1 2025 | +4.1% | +7.2% | +4.9% | |
| Q4 2024 | -0.9% | -3.9% | -2.9% | |
| Q3 2024 | +5.5% | +10.0% | +10.2% | |
| Q2 2024 | -1.9% | -0.6% | +3.3% | |
| Q1 2024 | +0.2% | +1.4% | -1.7% | |
| Q4 2023 | +2.4% | +4.3% | +6.6% | |
| Q3 2023 | +1.8% | +14.5% | +8.5% | |
| Q2 2023 | -3.2% | -3.3% | -7.0% | |
| Q1 2023 | -8.9% | -4.3% | -10.5% | |
| Q4 2022 | +0.0% | -2.2% | -19.2% | |
| Q3 2022 | -0.7% | -4.3% | -2.8% | |
| Q2 2022 | -3.5% | -6.8% | -17.4% | |
| Q1 2022 | +4.2% | +0.1% | -5.0% | |
| Q4 2021 | +0.3% | -0.7% | +5.6% | |
| Q3 2021 | +2.7% | +6.5% | -0.2% | |
| Q2 2021 | -3.7% | -0.3% | +1.8% | |
| Q1 2021 | -2.7% | -0.9% | +10.7% | |
| Q4 2020 | +0.0% | +0.4% | +10.9% | |
| Q3 2020 | +7.9% | +7.5% | +32.7% | |
| Q2 2020 | +0.8% | +4.0% | -3.1% | |
| Q1 2020 | +6.4% | +1.3% | +20.0% | |
| Q4 2019 | +0.7% | +4.2% | -28.7% | |
| Q3 2019 | -1.2% | -1.1% | +0.9% | |
| Q2 2019 | -0.1% | +1.2% | +4.6% | |
| Q1 2019 | +0.6% | -2.0% | -2.5% | |
| Q4 2018 | -0.2% | +0.5% | +7.1% | |
| Q3 2018 | -2.3% | -1.0% | +2.0% | |
| Q2 2018 | +2.7% | +3.1% | +1.5% | |
| Q1 2018 | -0.7% | -0.1% | -0.6% | |
| Q4 2017 | +0.4% | +1.5% | +3.7% | |
| Q3 2017 | -0.1% | +0.3% | +0.6% | |
| Q2 2017 | -1.0% | +0.8% | +1.8% | |
| Q1 2017 | -1.6% | +0.6% | +0.5% | |
| Q4 2016 | +1.5% | +2.2% | +1.4% | |
| Q3 2016 | -3.2% | -2.8% | -0.3% | |
| Q2 2016 | -1.2% | -1.7% | -1.2% | |
| Q1 2016 | -0.1% | — | — | |
| Q4 2015 | -3.2% | — | — | |
| Q3 2015 | +1.5% | — | — | |
| Q2 2015 | -0.1% | — | — | |
| Q1 2015 | -2.3% | — | — | |
| Q4 2014 | -0.6% | — | — | |
| Q3 2014 | -2.0% | — | — | |
| Q2 2014 | -2.9% | — | — | |
| Q1 2014 | -1.2% | — | — | |
| Q4 2013 | +1.2% | — | — | |
| Q3 2013 | -3.6% | — | — | |
| Q2 2013 | +0.1% | — | — | |
| Q1 2013 | +3.6% | — | — | |
| Q4 2012 | +0.3% | — | — | |
| Q3 2012 | -1.4% | — | — | |
| Q2 2012 | -0.1% | — | — | |
| Q1 2012 | +1.3% | — | — | |
| Q4 2011 | -0.3% | — | — | |
| Q3 2011 | -1.8% | — | — | |
| Q2 2011 | -1.0% | — | — | |
| Q1 2010 | -0.7% | — | — | |
| Q1 2011 | +4.2% | — | — | |
| Q4 2010 | +4.2% | — | — | |
| Q4 2008 | +4.2% | — | — | |
| Q3 2010 | +3.6% | — | — | |
| Q3 2009 | +3.6% | — | — | |
| Q2 2009 | -0.8% | — | — | |
| Q2 2010 | -0.8% | — | — | |
| Q4 2009 | -0.8% | — | — |
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