Douglas Emmett (DEI) reported $244.98 million in revenue for the quarter ended December 2024, representing a year-over-year increase of 15.4%. EPS of $0.38 for the same period compares to -$0.24 a year ago.The reported revenue represents a surprise of -0.87% over the Zacks Consensus Estimate of $247.12 million. With the consensus EPS estimate being $0.37, the EPS surprise was +2.70%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to d ...

Douglas Emmett (DEI) came out with quarterly funds from operations (FFO) of $0.38 per share, beating the Zacks Consensus Estimate of $0.37 per share. This compares to FFO of $0.46 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 2.70%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.41 per share when it actually produced FFO of $0.43, delivering a surprise of 4.88%.Over the last four quarte ...

Amazon recently changed some of its DEI websites and halted some programs.An AWS VP clarified Amazon's continued commitment to DEI in a meeting in late January.Other firms such as Meta and Target recently pulled back on DEI efforts.An Amazon executive told employees the company remains committed to diversity, equity, and inclusion, during a recent internal meeting. The tech giant has changed some of its websites about DEI and halted some programs. That prompted some employees to ask about this ahead of the ...

Executive Summary Debt Refinancing: During December 2024, we closed (i) a $325.0 million loan for one of our joint ventures and used the proceeds and cash on hand to replace a $400.0 million loan and (ii) a $61.8 million loan for the joint venture that purchased 10900 Wilshire Boulevard. Details of these loans can be found on page 12. Our portfolio is located in the premier coastal submarkets of Los Angeles and Honolulu. Our In-Service Portfolio includes 17.5 million square feet of Class A office properties ...

The looming threat of 18,000 Costco store employees heading to the picket lines appears less likely, with the Teamsters labor union announcing Saturday that it has reached a tentative agreement for a new contract with the grocery chain. The negotiations come amid Costco standing firm on its Diversity, Equality, and Inclusion (DEI) policies as most companies turn their backs on the controversial initiative."The tentative agreement will be presented to the membership for a vote," the union, which represents 1 ...

Costco's commitment to diversity and inclusion is facing fresh scrutiny from Republicans.In a letter to CEO Ron Vachris, 19 attorneys general urged the company to end its DEI programs.The letter comes after Costco shareholders overwhelmingly rejected a proposal to report on potential DEI risks.Costco appears to have a target on its back. The wholesale club's commitment to DEI is facing fresh scrutiny from a group of 19 Republican attorneys general who say the retailer is "clinging" to "divisive and discrimi ...

Shareholder Proposal and DEI Policies - Costco shareholders overwhelmingly rejected a challenge to the company's diversity, equity, and inclusion (DEI) policies, with 98% voting against the proposal [1][4] - The National Center for Public Policy Research's Free Enterprise Project (NCPR) had made a bid for Costco executives to investigate the risks of DEI policies to the company's bottom line, but the board of directors unanimously opposed the effort [3][5] - Costco Chairman Hamilton "Tony" James emphasized the importance of inclusivity and appreciation for employees, stating that these values are transmitted to customers [4] Industry Trends and Comparisons - Costco remains a high-profile holdout from the trend of companies rolling back or abandoning DEI policies, which include considerations of race and gender in hiring and workplace diversity training [7] - NCPR's Ethan Peck predicts that Costco may follow the path of companies like Walmart, McDonald's, and Harley-Davidson, which dropped DEI policies during President Donald Trump's administration [5][6] - Peck cited Boeing as an example, noting that it opposed a shareholder proposal for a DEI audit before eventually dropping DEI initiatives [6] Leadership and Advocacy - Costco board member Jeff Raikes, former CEO of the Bill & Melinda Gates Foundation, is a vocal supporter of DEI policies, advocating for businesses to maximize their DEI initiatives [7] - Raikes argued that attacks on DEI are detrimental to business and the economy, emphasizing that a diverse workforce drives innovation, expands markets, and fuels growth [8] Political Context - President Donald Trump has criticized DEI as "discriminatory" and "absolute nonsense," issuing executive orders to ban DEI in the federal government [9]

Costco shareholders have roundly rejected a proposal calling for a report on the risks associated with keeping its diversity, equity and inclusion (DEI) efforts in place, the wholesale club said Thursday. Preliminary results show that some 98% of shareholders voted against the measure, according to the company. Last month, Costco's board of directors came out unanimously against the proposal, which was brought by activist shareholder the National Center for Public Policy Research, which raised concerns of r ...

ToplineIn a nearly unanimous decision, Costco shareholders voted in support of Costco’s current diversity, equity and inclusion (DEI) initiatives after the National Center for Public Policy Research (NCPPR) submitted a proxy proposal to audit the company’s “litigation, reputational and financial risks.” As the Trump administration levels against DEI, Costco is swimming against a tide causing numerous large retail corporations to dial back DEI initiatives, including Amazon, Walmart, McDonald’s, Lowe’s and Tr ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...