Douglas Emmett: Good Residential Performance Is Swamped By Office Market Realities

Introduction Douglas Emmett, Inc. (NYSE:DEI) has marginally outperformed the Vanguard Real Estate Index Fund ETF Shares (VNQ) so far in 2024, with the company's shares down in the low-single digits. DEI vs VNQ in 2024 (Seeking Alpha) Looking ahead, I expect the REIT to track the sector average, with excellent performance in the company's residential portfolio not enough to offset office market headwinds. Furthermore, the majority of the company's interest rate swaps expire over the next two years, straining ...