Group 1 - Peloton Interactive, Inc. is focusing on Diversity, Equity, and Inclusion (DEI) in its hiring practices, as evidenced by the employment of Ash Pryor as a rowing instructor over Olympic gold medalist Nick Mead [2][4][5] - The average earnings for Peloton instructors range from $100,000 to $500,000 annually, with top instructors potentially earning up to $1 million when including bonuses and endorsements [2][3] - Peloton's recent advertising strategy has shifted, moving away from exclusively featuring straight white males, as seen in their new campaign featuring NFL players JJ and TJ Watt [5][6] Group 2 - Peloton's shares surged nearly 28% following an earnings beat and the appointment of new CEO Peter Stern, who has a background with Ford Motor Company and was a co-founder of Apple Fitness+ [7] - Peter Stern has been a Peloton user since 2016, indicating a personal connection to the brand [7] - The company has seen significant trading activity, with options trades on Peloton stock yielding a 250% gain for some investors [10]

Harley-Davidson cut its full-year revenue forecast as persistent inflation and weak demand in the wake of a consumer boycott that spurred it to drop diversity, equity and inclusion (DEI) programs took a toll on its balance sheet. The motorcycle maker said its sales in North America were down 10% and that it expects its full-year global shipments to be down 16% to 17%, compared with its prior forecast of a 7% to 10% decline.Harley-Davidson projected that its annual retail sales would be down 6% to 8%, after ...

Core Viewpoint - Douglas Emmett, Inc. has performed in line with the Vanguard Real Estate Index Fund ETF Shares in 2024, achieving a total return of approximately 12.7% compared to the benchmark's 12.3% gain, leading to a recommendation for a buy rating due to attractive valuations and potential benefits from monetary policy normalization [2][12]. Company Overview - Douglas Emmett is primarily an office REIT with a growing multifamily exposure, where as of June 30, 2024, offices accounted for 80% of total annual rent and multifamily for 20% [3]. - The REIT is focused on California (88% of annual rent) and Hawaii (12%) [3]. Operational Overview - In Q2 2024, Douglas Emmett reported a Funds From Operations (FFO) of $0.46 per share, a decrease of 4% year-over-year, influenced by office portfolio weakness and increased interest expenses [4]. - The leased rate for the office portfolio was 80%, down 2.9% year-over-year, while the multifamily portfolio was 99% leased, down 0.2% year-over-year [4]. Updated 2024 Guidance - The company narrowed its FFO outlook to $1.65-1.69 per share, with Q2 results benefiting from tax refunds, while utility expenses are expected to rise in Q3 [5]. - At the midpoint of $1.67 per share, the FFO multiple stands at 9.5x, which is considered attractive for a commercial REIT with significant multifamily exposure [5]. Debt Position - As of Q2 2024, Douglas Emmett had a net debt of $4.2 billion, representing 58% of its $7.3 billion enterprise value, which is relatively high for a commercial REIT [6]. - Floating rate debt constitutes 31% of total debt, positioning the REIT to benefit from potential Fed rate cuts, with estimated savings of up to $25 million from lower interest expenses [6]. Market-implied Cap Rate - The market-implied cap rate based on Q2 2024 NOI of $162.7 million suggests an attractive cap rate of 8.9% against the $7.3 billion enterprise value [8]. - Assuming a fair value cap rate of 6% for the multifamily portfolio, its value would be approximately $2 billion, leaving the office portfolio with a market-implied cap rate of 10% [8]. Valuation and Prospects - Douglas Emmett is attractively valued with an FFO multiple of 9.5x and a market-implied cap rate between 7% and 8.9% [10]. - The company’s capital structure is well-positioned to benefit from Fed rate cuts, although the near-term expiration of interest rate swaps may temporarily negate some benefits [10].

Molson Coors is the latest addition to a growing list of companies reversing their diversity, equity and inclusion policies. In an internal memo sent Wednesday and obtained by CNBC, Molson Coors executives said the company will be getting rid of supplier diversity quotas, adding that they can be "complicated and influenced by factors outside of [the company's] control." But the brewer has said that it will continue to make sure its suppliers are representative of the company's diverse consumer base. "We are ...

Core Viewpoint - Brown-Forman Corp., the maker of Jack Daniel's whisky, is retracting its diversity, equity, and inclusion (DEI) initiatives due to social media pressure and the threat of a boycott led by activist Robby Starbuck [1][2][3]. Group 1: Company Actions - Brown-Forman will cease linking bonuses and pay to DEI progress, end participation in LGBTQ-friendly workplace rankings, and abandon plans for a more diverse supplier base [3]. - Previously, 10% of executives' short-term compensation was tied to DEI goals, as noted in the 2023 annual report [3]. - The company initiated its DEI goals in 2019 but has now decided to adjust its approach in response to changing business and legal environments [4]. Group 2: Market Reaction - Following the announcement, Brown-Forman shares experienced a slight dip of less than 1% [4]. Group 3: Industry Trends - Major firms, particularly those with a strong customer base in conservative regions, are increasingly retracting DEI policies under pressure from activists [2][6]. - The shift in corporate policies reflects a broader trend where companies are responding to consumer sentiment, with only 38% of Americans supporting corporate stances on current events [7]. - Companies like Tesla, Home Depot, Wayfair, and Walmart have also been phasing out DEI leadership goals due to consumer backlash [6]. Group 4: Public Perception - There is a growing perception that DEI initiatives may lead to unfairness in hiring and promotions, with some employees feeling overlooked based on ethnicity or sexuality [10][11]. - The backlash against DEI policies is illustrated by the experiences of companies like Target and Bud Light, which faced significant financial losses following their social justice initiatives [9][10].

Douglas Emmett, Inc. (NYSE:DEI) Q2 2024 Earnings Conference Call August 9, 2024 2:00 PM ET Company Participants Stuart McElhinney - Vice President of Investor Relations Jordan Kaplan - President and Chief Executive Officer Kevin Crummy - Chief Investment Officer Peter Seymour - Chief Financial Officer Conference Call Participants Blaine Heck - Wells Fargo Alexander Goldfarb - Piper Sandler Michael Griffin - Citi Steve Sakwa - Evercore ISI John Kim - BMO Capital Markets Upal Rana - KeyBanc Capital Markets Pe ...

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 June 30, 2024 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 jurisdict ...

For the quarter ended June 2024, Douglas Emmett (DEI) reported revenue of $245.78 million, down 3% over the same period last year. EPS came in at $0.46, compared to -$0.04 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $246.45 million, representing a surprise of -0.27%. The company delivered an EPS surprise of +6.98%, with the consensus EPS estimate being $0.43. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...

Douglas Emmett (DEI) came out with quarterly funds from operations (FFO) of $0.46 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to FFO of $0.48 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 6.98%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.43 per share when it actually produced FFO of $0.45, delivering a surprise of 4.65%. Over the last four quar ...

TT 1 8 0 1 1 :41 SECOND QUARTER 2024 EARNINGS RESULTS & OPERATING INFORMATION Executive Summary We own and operate 18.0 million square feet of Class A office properties and 4,483 apartment units (excluding our residential development pipeline and the vacated Barrington Plaza units) in the premier coastal submarkets of Los Angeles and Honolulu. Quarterly Results: For the quarter ended June 30, 2024 compared to the quarter ended June 30, 2023: • Our revenues decreased by 3.0% to $245.8 million, as higher park ...