Compared to Estimates, Douglas Emmett (DEI) Q3 Earnings: A Look at Key Metrics

Core Insights - Douglas Emmett (DEI) reported revenue of $250.75 million for the quarter ended September 2024, reflecting a decrease of 1.8% year-over-year, but exceeding the Zacks Consensus Estimate by 2.44% [1] - The company's EPS for the quarter was $0.43, a significant improvement from -$0.08 in the same quarter last year, surpassing the consensus estimate of $0.41 by 4.88% [1] Revenue Performance - Multifamily rental revenues reached $44.09 million, exceeding the average estimate of $42.28 million by analysts, marking a year-over-year increase of 2.9% [3] - Total multifamily revenues were reported at $48.09 million, above the average estimate of $45.10 million, representing a 3.2% increase compared to the previous year [3] - Total office revenues amounted to $202.66 million, slightly above the estimated $202.49 million, but showing a decline of 3% year-over-year [3] Stock Performance - Over the past month, Douglas Emmett's shares have returned -2.3%, contrasting with the Zacks S&P 500 composite's increase of 0.4% [4] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential for outperformance in the near term [4]