Douglas Emmett Reports Q3 FFO/shr Of $0.36; Narrows Full Year FFO Guidance

(RTTNews) - Douglas Emmett, Inc. (DEI), a real estate investment trust (REIT), reported third-quarter net income to shareholders of $7.4 million or $0.05 per share, compared to $10.8 million or $0.07 per share, prior year. AFFO per share was $0.26 for the quarter. FFO per share was $0.36.

On average, 15 analysts polled by Thomson Reuters expected the company to report profit per share of $0.38 for the quarter. Analysts' estimates typically exclude special items.

Revenue decreased to $148.2 million from $149.7 million last year. Analysts expected revenue of $152.5 million for the quarter.

The company now expects its 2014 FFO per share in the range of $1.53 to $1.55. Analysts expect the company to report full year profit per share of $1.57. The company now expects full year AFFO per share in the range of $1.20 to $1.22.