Douglas Emmett(DEI)
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Douglas Emmett(DEI) - 2019 Q4 - Annual Report
2020-02-14 21:35
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission file number: 1-33106 Douglas Emmett, Inc. (Exact name of registrant as specified in its charter) Maryland 20-3073047 (State or other jurisdiction of ...
Douglas Emmett(DEI) - 2019 Q3 - Earnings Call Transcript
2019-11-08 23:45
Douglas Emmett, Inc. (NYSE:DEI) Q3 2019 Earnings Conference Call November 6, 2019 2:00 PM ET Company Participants Stuart McElhinney – Vice President-Investor Relations Jordan Kaplan – President and Chief Executive Officer Kevin Crummy – Chief Investment Officer Peter Seymour – Chief Financial Officer Conference Call Participants Jason Green – Evercore Jamie Feldman – Bank of America Alexander Goldfarb – Sandler O’Neill Nick Yulico – Scotia Bank Rich Anderson – SMBC Tayo Okusanya – Mizuho John Kim – BMO Capi ...
Douglas Emmett(DEI) - 2019 Q3 - Quarterly Report
2019-11-08 21:12
United States Securities and Exchange Commission Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission file number: 001-33106 Douglas Emmett, Inc. (Exact name of registrant as specified in its charter) Maryland 20-3073047 (State or other juri ...
Douglas Emmett(DEI) - 2019 Q2 - Earnings Call Transcript
2019-08-10 06:45
Douglas Emmett, Inc. (NYSE:DEI) Q2 2019 Earnings Conference Call August 6, 2019 2:00 PM ET Company Participants Stuart McElhinney - VP, IR Jordan Kaplan - President and CEO Kevin Crummy - CIO Peter Seymour - CFO Conference Call Participants Alexander Goldfarb - Sandler O'Neill Alexander Pernokas - Bank of America Merrill Lynch Craig Mailman - KeyBanc Capital Markets John Guinee - Stifel Nicolaus Manny Korchman - Citi John Kim - BMO Capital Markets Dave Rodgers - Robert W. Baird Richard Anderson - SMBC Danie ...
Douglas Emmett(DEI) - 2019 Q2 - Quarterly Report
2019-08-08 20:18
Title of Each Class Trading Symbol Name of Each Exchange on Which Registered Common Stock, $0.01 par value per share DEI New York Stock Exchange Large accelerated filer ☒ Accelerated filer ☐ Non-accelerated filer ☐ Smaller reporting company ☐ Emerging growth company ☐ Class Outstanding at August 1, 2019 Common Stock, $0.01 par value per share 175,250,468 shares 1 United States Securities and Exchange Commission Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURI ...
Douglas Emmett(DEI) - 2019 Q1 - Quarterly Report
2019-05-06 12:26
Title of Each Class Trading Symbol Name of Each Exchange on Which Registered Common Stock, $0.01 par value per share DEI New York Stock Exchange Class Outstanding at April 29, 2019 Common Stock, $0.01 par value per share 170,284,515 shares United States Securities and Exchange Commission Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2019 Commission file number: 001-33106 Douglas Emmett, Inc. ( ...
Douglas Emmett(DEI) - 2019 Q1 - Earnings Call Transcript
2019-05-03 22:31
Douglas Emmett, Inc. (NYSE:DEI) CEO Q1 2019 Earnings Conference Call May 3, 2019 2:00 PM ET Company Participants Stuart McElhinney - Vice President of Investor Relations Jordan Kaplan - President & Chief Executive Officer Kevin Crummy - Chief Information Officer Peter Seymour - Chief Financial Officer. Conference Call Participants Jason Green – Evercore Craig Mailman - KeyBanc Brendan Finn - Wells Fargo Manny Korchman - Citi Jamie Feldman - Bank of America Merrill Lynch. John Kim - BMO Capital Markets John ...
Douglas Emmett(DEI) - 2018 Q4 - Annual Report
2019-02-15 21:17
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2018 Commission file number: 1-33106 Douglas Emmett, Inc. (Exact name of registrant as specified in its charter) MARYLAND (20-3073047) (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 1299 Ocean Avenue, Suite 1000, Santa Monica, California 90401 (310) 255 ...
Douglas Emmett(DEI) - 2018 Q4 - Earnings Call Transcript
2019-02-14 01:32
Financial Data and Key Metrics Changes - In Q4 2018, the company increased revenues by 8.2% and FFO by 7.8% to $102.8 million, or $0.52 per share [22] - For the full year 2018, revenues increased by 8.5%, FFO rose by 12.7% to $399.7 million, or $2.02 per share, and AFFO increased by 7.4% to $309.7 million [23] - The same-property cash NOI increased by 3.1% in Q4 and by 3.5% for the full year 2018 [22][23] Business Line Data and Key Metrics Changes - The company reported a straight-line rent roll-up of 31.4% and a cash rent roll-up of 13.6% for the entire year 2018 [19] - The multifamily portfolio achieved a total annualized rent increase of 7.7%, driven by strong demand for newly developed units [21] Market Data and Key Metrics Changes - The leasing spreads in Q4 were 26.3% for straight-line rent and 12.7% for cash roll-up, with total office portfolio lease rates increasing to 91.7% and occupancy rising to 90.3% [19] - The fundamentals in the market remain solid with robust demand across diverse industries, and new office construction is almost nonexistent [18] Company Strategy and Development Direction - The company plans to convert a 25-story office tower in downtown Honolulu into approximately 500 new workforce apartments to address the rental housing shortage [10] - The company aims to pursue more repositioning opportunities in 2019 and beyond, which are expected to provide significant incremental revenue growth [9] - The development platform has matured, contributing meaningfully to FFO growth [7] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving 5% to 6% growth in same-property cash NOI in 2019, despite facing two significant headwinds [24] - The company anticipates that the impact of non-cash revenue will be minimal, with only 1.8% of total revenues coming from straight-line and mark-to-market items [24] - Management highlighted the importance of their construction and redevelopment platform for driving predictable growth in the future [74] Other Important Information - The company has a strong balance sheet with an AFFO payout ratio under 62% and no loans maturing before 2022 [16] - Over 95% of eligible office space is ENERGY STAR certified, reflecting the company's commitment to sustainability [20] Q&A Session Summary Question: Impact of Bishop transaction on FFO - Management confirmed that the conversion will occur in phases, minimizing disruption and aiming for a neutral impact on FFO [30] Question: Same-store cash NOI growth and market impact - Management indicated that larger leases in the market are positively influencing their portfolio, with embedded rent bumps around 4% to 6% [32] Question: Office repositioning projects and ROI - Management noted that ongoing projects are showing positive rent spreads and are expected to yield high returns [36][40] Question: Acquisition activity and capital plan - Management expressed optimism about the acquisition pipeline for 2019, with a focus on maintaining strong cash flow for construction activities [54][56] Question: Changes in lease accounting impact - Management clarified that the reduction in FFO guidance due to lease accounting changes is now expected to be less severe than initially thought [25][79] Question: Same-store NOI guidance and expense growth - Management provided insights on expected same-store NOI growth, indicating a normalized expense growth rate of 3% to 4% [50]