Douglas Emmett Lowers FY24 EPS To Be Between $0.05-$0.09; FFO $1.65-$1.69 Per Diluted Share
Portfolio Pulse from Benzinga Newsdesk
Douglas Emmett has revised its FY24 EPS guidance to be between $0.05 and $0.09, with FFO per share expected to be between $1.65 and $1.69. Key assumptions such as average office occupancy and residential leased rate remain unchanged.
August 08, 2024 | 9:22 pm
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Douglas Emmett has lowered its FY24 EPS guidance to $0.05-$0.09 and FFO to $1.65-$1.69 per share. Key assumptions such as average office occupancy and residential leased rate remain unchanged.
The downward revision in EPS guidance is likely to negatively impact investor sentiment in the short term. However, the unchanged key assumptions may provide some stability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100