Douglas Emmett, Inc. (DEI) Earnings Call Transcripts

Douglas Emmett, Inc.'s Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Douglas Emmett, Inc. (DEI) reported flat revenue of $251 million, with funds from operations (FFO) decreasing to $0.37 per share. The company highlighted strong leasing activity, achieving a record 450,000 square feet of new leases, signaling a potential recovery in the office market. Management maintained its guidance for 2026 diluted net income per share between negative $0.20 and negative $0.14, and FFO per share between $1.39 and $1.45, reflecting cautious optimism amid rising interest expenses.

Reported metrics

Guidance from management

Management maintained its guidance for 2026 diluted net income per share between negative $0.20 and negative $0.14, and FFO per share between $1.39 and $1.45, reflecting cautious optimism amid rising interest expenses.

What management said

Yes, Steve, it's Stuart. Yes, as we said, it was a record amount of leasing in that over 10,000 category, the most we've ever had. So really strong. There were a number of deals between 10,000 and 20,000 feet, and there were a few deals over 20,000 feet that we're in. So very strong, a bunch of industries, entertainment, legal, so it was a wide variety of industries in that larger category, but it's the strongest lea...

Well, we agreed with the seller not to get that information, although [indiscernible] back and the price per foot. I think we gave it to you. It's in around $1,000 a foot, [ 9, very high 9s. ] It's a portfolio that is also going to sound I've been trying to buy since the '90s. And I'm beyond pleased with the deal. I think that we're particularly lucky that it came up at a time when it was a good time to buy almost an...

What analysts pressed on

Analysts expressed concerns about the impact of rising interest rates on future earnings and the sustainability of the recent leasing momentum. There were questions regarding the potential for further declines in occupancy and how the company plans to navigate market uncertainties.

Main topics on the call

• Record Leasing Activity — Douglas Emmett executed over 450,000 square feet of new leases, marking the best quarter ever for new leasing. CEO Jordan Kaplan stated, "We are becoming increasingly hopeful" about a sustained recovery in leasing activi...
• Acquisition Strategy — The company acquired a portfolio of premium medical office properties for $260 million, enhancing its presence in the Beverly Hills market. Kaplan noted, "This part of the cycle presents a rare opportunity to expand our ...
• Tenant Demand and Retention — Tenant retention remained strong, with a diversified demand across industries such as legal and entertainment. The company reported a 3.5% spread between leased and commenced occupancy, indicating healthy leasing activit...
• Interest Expense Impact — Higher interest expenses impacted FFO, which decreased to $0.37 per share. CFO Peter Seymour mentioned that FFO gains from the Bedford acquisition would be "largely offset by higher assumed interest expense."

Read the full Douglas Emmett, Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 35 Douglas Emmett, Inc. earnings call transcripts on record, spanning February 12, 2020 to August 5, 2026. Based on this history, Douglas Emmett, Inc. reports quarterly. The most recent call on file is dated August 5, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

DEI

Exchange

NYSE

Country

US

Sector

Real Estate

Industry

Office REITs

Calls on record

35

First call

February 12, 2020

Most recent

August 5, 2026

Reporting cadence

quarterly