Douglas Emmett Q1 FFO $0.45 Beats $0.43 Estimate, Sales $244.97M Miss $251.96M Estimate
Portfolio Pulse from Benzinga Newsdesk
Douglas Emmett (NYSE:DEI) reported Q1 FFO of $0.45 per share, surpassing the $0.43 estimate, but its sales of $244.97M fell short of the $251.96M estimate. This reflects a decrease in both earnings and sales compared to the same period last year.
May 07, 2024 | 8:37 pm
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NEUTRAL IMPACT
Douglas Emmett reported a mixed Q1 with FFO beating estimates but sales missing expectations, indicating a year-on-year decrease in performance.
The mixed results with an earnings beat but a miss on revenue forecasts could lead to neutral market sentiment towards DEI in the short term. Investors might appreciate the earnings beat but could be concerned about the sales miss and year-on-year declines.
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IMPORTANCE 90
RELEVANCE 100