Douglas Emmett Inc posted second-quarter 2026 revenue of $257 million, up from $252 million a year earlier, and signed 234 office leases covering nearly 960,000 square feet, achieving positive absorption of about 60,000 square feet. Funds from operations per share edged up to $0.37, while adjusted funds from operations rose to $56 million from $54 million. Same-property cash net operating income slipped 1.2%, and the company lowered its full-year 2026 FFO guidance to between $1.39 and $1.43 per share, citing higher market interest rates that offset operational gains. Office occupancy guidance was reduced to a range of 75% to 77% due to the inclusion of Studio Plaza, and net income per share is expected to remain negative at between negative $0.20 and negative $0.16. The residential portfolio stayed over 99% leased with cash same-property NOI up 2%, and the company refinanced more than $800 million of debt at fixed rates around 6.15% to 6.18% for four years.
Douglas Emmett IncLowers full-year FFO guidance due to higher interest rates, offsetting operational gains.
