Douglas Emmett Q4 FFO $0.46 Down From $0.51 YoY, Sales $259.28M Beat $252.77M Estimate
Portfolio Pulse from Benzinga Newsdesk
Douglas Emmett (NYSE:DEI) reported a decrease in Q4 FFO to $0.46 per share from $0.51 YoY, but sales increased to $259.28M, beating the $252.77M estimate.
February 06, 2024 | 9:13 pm
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Douglas Emmett reported a decrease in Q4 FFO per share but an increase in sales, beating estimates.
The decrease in FFO per share suggests potential challenges in profitability, which could negatively impact investor sentiment. However, the increase in sales and beating sales estimates indicate strong revenue performance, potentially offsetting concerns about profitability in the short term. The mixed financial results lead to a neutral short-term price direction score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100