💨 Abstract
Douglas Emmett Inc., a real estate investment trust based in Santa Monica, California, reported first-quarter funds from operations of $81 million, surpassing analyst expectations. Net income was $39.8 million, with revenue at $251.5 million. The company anticipates full-year funds from operations to be between $1.42 and $1.48 per share.
Courtesy: wtop.com
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