Douglas Emmett Reports Q3 2026 Revenue Growth Amidst Rising Interest Expenses
Douglas Emmett (DEI) reported third-quarter 2026 revenue of $261 million, an increase from $251 million in the prior year, driven by growth in both its office and multifamily segments. While Funds From Operations (FFO) remained flat at $0.34 per share, the company saw a significant boost in office occupancy, which rose to 76.7%—the largest quarterly gain since 2012. Despite operational improvements, rising interest rates continue to pressure margins. The company's annual interest expense has increased by $135 million since 2019 as the average cost of debt climbed from 3% to 5%. However, management remains focused on long-term growth through residential redevelopment projects and a substantial land bank of entitled units, supported by $311 million in cash liquidity.
Tickers: $DEI
Topics: debt refinancing FFO interest expense multifamily segment office occupancy revenue growth