Douglas Emmett Inc (DEI) reported that its first-quarter funds from operations or FFO was $64.1 million or $0.37 per share, compared to $59.9 million or $0.35 per share in the year ago quarter.
Adjusted funds from operations or AFFO for the quarter rose to $50.1 million or $0.29 per share from $41.1 million or $0.24 per share in the prior year period.
GAAP net income attributable to common stockholders was $12.1 million or $0.08 per share, down from $5.4 million, or $0.04 per share in the comparable quarter last year.
Total revenues for the quarter rose to $145.46 million from $143.39 million in the prior year quarter.
On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.35 per share on revenues of $142.91 million. Analysts' estimates typically exclude special items.
Douglas Emmett is adjusting its full year 2013 FFO guidance to $1.43 to $1.49 per share. Earlier, the company expected 2013 FFO in the range of $1.39 to $1.45 per share. Analysts expect the company to report earnings of $1.42 per share for fiscal 2013.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.