Douglas Emmett Q1 FFO Rises - Quick Facts

(RTTNews) - Douglas Emmett Inc (DEI) Tuesday reported first-quarter funds from operations, or FFO, of $69.5 million or $0.40 per share, up from $64.1 million or $0.37 per share in the same period last year.

Adjusted FFO for the quarter was $57.0 million or $0.32 per share. On average, 15 analysts polled by Thomson Reuters expected the company to report FFO of $0.39 per share for the quarter. Analysts' estimates typically exclude special items.

Net income attributable to common stockholders improved to $13.0 million or $0.09 per share from $12.1 million or $0.08 per share last year.

Revenues totaled $148.88 million, up from $145.46 million last year. Analysts expected revenues of $149.61 million.

Looking ahead, the company continues to expects full-year FFO in a range of $1.57 to $1.63 per share, adjusted FFO of $1.18 to $1.24 per share. Analysts currently expect full-year FFO of $1.59 per share.