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DEI · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is Douglas Emmett, Inc. (DEI) stock moving?
Douglas Emmett reported Q3 2026 results on Nov 3: FFO of $0.34 beat the $0.33 estimate, sales of $260.864M topped $256.358M, and FY2026 FFO guidance of $1.39-$1.43 was affirmed, with its $1.41 midpoint in line with estimates. The earnings call followed on Nov 4. The stock fell to $9.85 on Nov 3, then rose 7.4% to $10.58 on Nov 4 on 3.18M shares, the highest volume in the 30-day window, but gave back most of that gain. It closed at $10.00 on Nov 10 after a 3.7% drop that day, sitting near the middle of its 30-day range of $9.49-$10.75. Typical volume has been about 1.6-2.1M shares on non-event days. The beat was narrow and guidance was affirmed rather than raised, which likely explains why the post-earnings rally did not hold. A 10-Q was filed Nov 6, but its content was not provided, so it is not weighed beyond its existence.
News behind the analysis
- Douglas Emmett Holds Q3 2026 Earnings CallDouglas Emmett held its third-quarter 2026 earnings conference call on November 4, 2026, to discuss results and management commentary.
- Douglas Emmett Q3 2026 Earnings Call TranscriptBenzinga published the transcript of the company's third-quarter 2026 earnings call, which followed the results released on Wednesday, November 4.
- Douglas Emmett Releases Third Quarter 2026 Earnings ResultsDouglas Emmett released its third-quarter 2026 financial results and operating information, furnished in an 8-K with the results package as Exhibit 99.1.
- Douglas Emmett Q3 FFO $0.34 Beats $0.33 Estimate, Sales $260.864M Beat $256.358M EstimateQ3 FFO of $0.34 beat the $0.33 estimate, and sales of $260.864M beat the $256.358M estimate.
- Douglas Emmett Affirms FY2026 FFO Guidance of $1.39-$1.43 vs $1.41 EstDouglas Emmett affirmed its FY2026 FFO guidance of $1.39-$1.43, with a midpoint of $1.41 in line with the $1.41 estimate.
About Douglas Emmett, Inc.
Douglas Emmett is a Santa Monica-based real estate investment trust (REIT) that owns and runs high-end office buildings and apartment communities. It concentrates on a few supply-constrained submarkets in Los Angeles' affluent Westside and in Honolulu, where it is often the dominant landlord.
How it makes money
Nearly all of its revenue is rent. Most of it comes from leasing office space, often to smaller professional, entertainment and financial firms. The rest comes from its apartment portfolio, which is over 99% leased. Quarterly revenue is roughly $260 million. Office occupancy has been low but rising, at about 77% in Q3 2026. As a REIT it pays out much of its cash flow as dividends, recently $0.19 per share each quarter. GAAP results have shown small net losses, so investors usually watch funds from operations (FFO), guided at about $1.39–$1.43 per share for 2026.
What usually moves DEI
- Interest rates and refinancing costs on its large debt load
- Office occupancy and leasing in West Los Angeles
- Return-to-office and remote-work trends
- Los Angeles and Honolulu local economies, including entertainment
- Apartment rent growth