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Douglas Emmett, Inc. Announces 2009 Third Quarter Earnings Results.

Article Excerpt
Reports FFO of $0.31 Per Diluted Share

SANTA MONICA, Calif. -- Douglas Emmett, Inc. (NYSE:DEI), a real estate investment trust (REIT), today announced its 2009 third quarter financial results for the period ended September 30, 2009.

Financial Results

Funds From Operations (FFO) for the three months ended September 30, 2009 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, 2009 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, 2009, 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, 2009, 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% for the three months...

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