Financial PerformanceDouglas Emmett's financial performance exceeded expectations with a reported 3Q24 FFO per share of $0.43, surpassing both the estimate and the Street, and an increased midpoint for 2024 FFO guidance.
Leasing ActivityLeasing activity showed impressive growth with approximately 1.0 million square feet of signed leases, marking a 10.7% increase over the company's average from the past four quarters.
Office PortfolioDouglas Emmett achieved a remarkable leasing milestone by completing over 1.0 million square feet of new and renewal office leases, significantly surpassing both the trailing four-quarter average and 2019 levels.