Douglas Emmett Q3 FFO Up - Quick Facts

(RTTNews) - Douglas Emmett Inc (DEI) Tuesday reported third-quarter funds from operations, or FFO, of $64.04 million or $0.37 per share, up from $56.16 million or $0.33 per share in the same period last year.

Adjusted FFO for the quarter was $49.24 million or $0.28 per share. On average, 17 analysts polled by Thomson Reuters expected the company to report FFO of $0.37 per share for the quarter. Analysts' estimates typically exclude special items. Net income attributable to common stockholders improved to $10.75 million or $0.07 per share from $5.06 million or $0.04 per share last year.

Revenues totaled $149.69 million, up from $145.99 million last year. Analysts expected revenues of $149.15 million.

Looking ahead, the company currently projects full-year FFO in a range of $1.48 to $1.50 per share, up from its previous guidance range of $1.43 to $1.49 per share. Analysts currently expect full-year FFO of $1.49 per share.