Douglas Emmett Posts 3Q Earnings Results

Thu. November 05, 2009; Posted: 01:14 AM

Nov 05, 2009 (Close-Up Media via COMTEX) -- DEI | Quote | Chart | News | PowerRating -- Douglas Emmett, a real estate investment trust (REIT), announced its 2009 third quarter financial results for the period ended September 30.

In a release dated November 3, the company stated:

- Funds From Operations (FFO) for the three months ended September 30, totaled $47.8 million, or $0.31 per diluted share, compared to $51.1 million, or $0.33 per diluted share, for the three months ended September 30, 2008. FFO for the nine months ended September 30, totaled $151.8 million, or $0.98 per diluted share, compared to $156.1 million, or $1.00 per diluted share, for the nine months ended September 30, 2008.

- The company reported a GAAP net loss attributable to common stockholders of $8.8 million, or ($0.07) per diluted share, for the three months ended September 30, compared to a GAAP net loss attributable to common stockholders of $9.7 million, or ($0.08) per diluted share, for the three months ended September 30, 2008. For the nine months ended September 30, the company reported a GAAP net loss attributable to common stockholders of $18.2 million, or ($0.15) per diluted share, compared to $21.6 million, or ($0.18) per diluted share for the nine months ended September 30, 2008.

- Same Property Net Operating Income (NOI) on a cash basis decreased 1.3 percent for the three months ended September 30, compared to the three months ended September 30, 2008. Same Property NOI on a GAAP basis for the three months ended September 30, decreased 2.4 percent compared to the three months ended September 30, 2008.

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For full details on Douglas Emmett Inc (DEI) click here. Douglas Emmett Inc (DEI) has Short Term PowerRatings of 5. Details on Douglas Emmett Inc (DEI) Short Term PowerRatings is available at This Link.

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