Profile
Sector:
Real EstateIndustry:
OfficeCountry:
United StatesIPO:
25 October 2006Website:
http://www.douglasemmett.comNext earnings report:
07 February 2025Last dividends:
30 September 2024Next dividends:
N/APrice
after hours | Thu, 14 Nov 2024 21:03:21 GMTAnalysts recommendations
Institutional Ownership
DEI Latest News
Douglas Emmett, Inc. (NYSE:DEI ) Q3 2024 Earnings Conference Call November 5, 2024 2:00 PM ET Company Participants Stuart McElhinney - Vice President of Investor Relations Jordan Kaplan - President & Chief Executive Officer Kevin Crummy - Chief Investment Officer Peter Seymour - Chief Financial Officer Conference Call Participants Blaine Heck - Wells Fargo & Company Alexander Goldfarb - Piper Sandler Companies Michael Griffin - Citigroup Inc. Jeffrey Spector - Bank of America Steve Sakwa - Evercore Inc. Richard Anderson - Wedbush Securities Inc. Nicholas Yulico - Scotiabank John Kim - BMO Capital Markets Peter Abramowitz - Jefferies Group LLC Dylan Burzinski - Green Street Advisors, LLC Operator Ladies and gentlemen, thank you for standing by. Welcome to Douglas Emmett's Quarterly Earnings Call.
The headline numbers for Douglas Emmett (DEI) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Douglas Emmett (DEI) came out with quarterly funds from operations (FFO) of $0.43 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to FFO of $0.45 per share a year ago.
In a post two months ago (“The Ultimate Example Of DEI“) I pointed out what appeared to be an extraordinary example of Diversity, Equity, and Inclusion at Peloton Interactive, Inc. PTON.
Harley-Davidson lowered its revenue forecast for 2024 as stubborn inflation, high interest rates and consumer blowback from a DEI controversy impacted the motorcycle maker's sales.
The name brand bikemaker has seen sales slump amid rising uncertainty about the economy and policies. A conservative-led boycott against the company's DEI policies only added to Harley-Davidson's sales woes.
Douglas Emmett is an office REIT with 20% multifamily exposure exclusively focused on California and Hawaii. Performance so far in 2024 has been in line with the Vanguard Real Estate Index Fund ETF with the shares delivering a circa 12.7% total return. I expect the REIT to outperform going forward thanks to a 9.5x FFO multiple and a market-implied cap rate between 7% and 8.9% depending on the cash flow measure used.
Molson Coors plans to cut supplier diversity quotas and DEI-based training programs, and sever ties with the LGBTQ+ advocacy group Human Rights' Campaigns' Corporate Equality Index. The brewer's decision comes after a wave of retailers over the summer took a step back in their DEI efforts.
Molson Coors Beverage Co. has became the latest to say it was backing away from some of its diversity, equity and inclusion policies, after a handful of well-known companies announced similar retreats last week.
Harley-Davidson Inc. on Monday became the latest company to make changes to its diversity and inclusion efforts following pressure from activists.
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What type of business is Douglas Emmett?
Douglas Emmett, Inc. (DEI) is a fully integrated, self-administered and self-managed real estate investment trust (REIT), and one of the largest owners and operators of high-quality office and multifamily properties located in the premier coastal submarkets of Los Angeles and Honolulu. Douglas Emmett focuses on owning and acquiring a substantial share of top-tier office properties and premier multifamily communities in neighborhoods that possess significant supply constraints, high-end executive housing and key lifestyle amenities.
What sector is Douglas Emmett in?
Douglas Emmett is in the Real Estate sector
What industry is Douglas Emmett in?
Douglas Emmett is in the Office industry
What country is Douglas Emmett from?
Douglas Emmett is headquartered in United States
When did Douglas Emmett go public?
Douglas Emmett initial public offering (IPO) was on 25 October 2006
What is Douglas Emmett website?
https://www.douglasemmett.com
Is Douglas Emmett in the S&P 500?
No, Douglas Emmett is not included in the S&P 500 index
Is Douglas Emmett in the NASDAQ 100?
No, Douglas Emmett is not included in the NASDAQ 100 index
Is Douglas Emmett in the Dow Jones?
No, Douglas Emmett is not included in the Dow Jones index
When was Douglas Emmett the previous earnings report?
No data
When does Douglas Emmett earnings report?
The next expected earnings date for Douglas Emmett is 07 February 2025