Earnings Releases·Nov 3, 2026, 4:11 PM ET

Douglas Emmett, Inc. — Third Quarter 2026 Earnings Summary

Total revenues rose to $261 million in Q3 2026 from $251 million in Q3 2025, while net loss narrowed to $9 million from $11 million; however, AFFO declined to $47 million from $52 million and same property cash NOI fell to $148 million from $153 million.
Full-year 2026 guidance projects diluted net loss of $(0.20) to $(0.16) and FFO per share of $1.39 to $1.43, assuming same property cash NOI declines of -2.5% to -0.5% and interest expenses between $275 million and $285 million.
Office occupancy increased over one percentage point to 76.7% with positive net absorption for the fourth consecutive quarter, while the multifamily portfolio remained 99.4% leased with same property cash NOI up 4.4%.
Management successfully refinanced $1.2 billion of loans over the last nine months, including a $366 million office loan at 6.24%, and expects rising occupancy and residential developments to drive FFO back to 2019 levels and beyond.