Douglas Emmett (DEI)
NYSE:DEI
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Earnings Data
Report Date
Aug 04, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.04Last Year’s EPS
-0.04Same Quarter Last Year
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented strong operational momentum—record leasing, positive absorption, residential NOI growth, strategic acquisitions (Bedford), and redevelopment progress—indicating improving demand and attractive long-term opportunities. However, near-term financial performance is constrained by higher interest expense, lower cash spreads, a modest decline in same-property cash NOI, flat revenue, and a signed-not-commenced occupancy lag. Management is optimistic but appropriately cautious about declaring a durable bottom.Company Guidance
Record Leasing Volume and Positive Absorption
Signed 218 office leases totaling 909,000 sq ft in Q1, including a single-quarter record of 461,000 sq ft of new leases and 448,000 sq ft of renewals; approximately 100,000 sq ft of positive absorption for the second consecutive quarter.
Large-Tenant Leasing Strength
Record leasing to tenants >10,000 sq ft (most ever), with numerous deals between 10k–20k sq ft and several >20k sq ft, reflecting broader industry demand and diversification across legal, financial services, entertainment, real estate, and accounting.
Improved Lease Economics (Straight-Line)
Overall straight-line value of new leases increased by 5.3% in the quarter, indicating improving long-term lease economics.
Residential Portfolio Outperformance
Residential cash same-property NOI rose 4.2% year-over-year and the residential portfolio remains over 99% leased.
Successful Strategic Acquisition — Bedford Collection
JV acquisition of the Bedford medical office portfolio (five buildings, ~246k sq ft) for ~$260 million (~high $900s–$1,000 per sq ft); Douglas Emmett holds a 13% stake in the JV's $150M equity; JV debt structured with $130M nonrecourse loan (SOFR +170 bps), effectively fixed at 5.26% through April 2030.
Portfolio Concentration and Operational Synergies
Company now controls roughly ~30% (one-third) of Class A office space in Beverly Hills, enabling operating synergies—recent acquisitions lowered operating expenses on average ~20% through consolidation and shared services—and lower-than-peer leasing costs (average leasing costs $6.30 psf/yr).
Progress on Redevelopment & Mixed-Use Projects
Studio Plaza redevelopment completed with leasing underway and some tenant move-ins; redevelopment of the 712-unit Landmark Residences continues; plan to commence conversion of 10900 Wilshire to 323 apartments this year.
Capital Markets and Cost of Debt Improvements
Management has extended debt at relatively attractive rates vs. the broader market (example: Bedford JV effectively fixed at 5.26%); G&A remains low at ~5.4% of revenue—stated as the lowest among benchmark peers.
DEI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DEI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2026 | $11.33 | $12.17 | +7.41% |
Feb 10, 2026 | $10.39 | $10.06 | -3.20% |
Nov 04, 2025 | $12.37 | $11.78 | -4.75% |
Aug 05, 2025 | $14.38 | $13.96 | -2.91% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Douglas Emmett (DEI) report earnings?
Douglas Emmett (DEI) is schdueled to report earning on Aug 04, 2026, After Close (Confirmed).
What is Douglas Emmett (DEI) earnings time?
Douglas Emmett (DEI) earnings time is at Aug 04, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DEI EPS forecast?
DEI EPS forecast for the fiscal quarter 2026 (Q2) is -0.04.