Financial PerformanceDouglas Emmett's 3Q24 funds from operations per share exceeded expectations, surpassing both analyst estimates and the consensus, and the company raised its full-year guidance.
Leasing ActivityLeasing activity reached impressive levels with over 1.0 million square feet of signed leases, marking a significant increase compared to the company's recent average and the highest level in eight quarters.
Occupancy And Cash PositionA meaningful increase in the leased percentage was observed for the first time in twelve quarters, combined with a strong cash position of $544 million, indicating robust business health.