Douglas Emmett (DEI) Surpasses Q1 FFO and Revenue Estimates

By Zacks8 days ago

Douglas Emmett (DEI) came out with quarterly funds from operations (FFO) of $0.44 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to FFO of $0.55 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an FFO surprise of 2.33%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.42 per share when it actually produced FFO of $0.46, delivering a surprise of 9.52%.

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Over the last four quarters, the company has surpassed consensus FFO estimates two times.

Douglas Emmett, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $216.3 million for the quarter ended March 2021, surpassing the Zacks Consensus Estimate by 0.12%. This compares to year-ago revenues of $251.35 million. The company has topped consensus revenue estimates just once over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.

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