Douglas Emmett, Inc. Provides Earnings Guidance for the Year 2023
October 31, 2023 at 08:11 pm
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Douglas Emmett, Inc. provided earnings guidance for the year 2023. For the period, the company expects net loss per common share - diluted of $0.13 to $0.09. Above below-market net revenue of $8 million to $12 million which is unchanged from the previous assumption.
Douglas Emmett, Inc. is a fully integrated, self-administered and self-managed REIT. The Company owns and operates office and multifamily properties located in premier coastal submarkets in Los Angeles and Honolulu. The Company's properties are located in the Beverly Hills, Brentwood, Burbank, Century City, Olympic Corridor, Santa Monica, Sherman Oaks/Encino, Warner Center/Woodland Hills and Westwood submarkets of Los Angeles County, California, and in Honolulu, Hawaii. The Company operates through two segments: the office segment and the multifamily segment. The Company's segments include the acquisition, development, ownership and management of office and multifamily real estate. The services of its office segment include primarily the rental of office space and other tenant services, including parking and storage space rental. The services of its multifamily segment include primarily the rental of apartments and other tenant services, including parking and storage space rental.