Douglas Emmett, Inc. (DEI) reported a fourth quarter net loss attributable to common stockholders of $8.91 million or $0.07 per share, compared to a loss of $6.37 million or $0.05 per share in the same period last year.
Funds from operations, or FFO, for the quarter was $46.26 million or $0.30 per share, compared to $55.58 million or $0.36 per share in the comparable period last year.
On average, 13 analysts polled by Thomson Reuters expected the company to report earnings of $0.30 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter declined to $139.42 million from $155.57 million in the previous year period. Four analysts had a consensus revenues estimate of $139.61 million for the quarter.
Looking forward, for full year 2010, the company expects funds from operations in the range of $1.95 to $1.25 per share. Street analysts expect earnings of $1.22 per share.
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