Earnings Call Summary | Douglas Emmett Inc(DEI.US) Q2 2024 Earnings Conference
Earnings Call Summary | Douglas Emmett Inc(DEI.US) Q2 2024 Earnings Conference
FFO decreased to $0.46 per share, down 4.5% due to higher interest expenses.The following is a summary of the Douglas Emmett, Inc. (DEI) Q2 2024 Earnings Call Transcript:
以下是道格拉斯·艾梅特公司（DEI）2024年第二季度業績會的摘要：
Financial Performance:
金融業績：
Revenue decreased by 3% due to higher vacancies.
FFO decreased to $0.46 per share, down 4.5% due to higher interest expenses.
由於高空置率，營業收入下降了3%。
由於更高的利息費用，每股FFO下降至0.46美元，下降了4.5%。
Business Progress:
業務進展：
Signed 222 office leases covering 793,000 square feet.
Residential portfolio remains almost fully leased at 99%.
簽署了222份覆蓋793,000平方英尺的辦公室租賃合同。
住宅組合仍然幾乎全部出租，租賃率爲99%。
Opportunity:
機會：
Residential portfolio continues generating healthy rent roll-ups.
Leveraging technology to improve tenant placement and satisfaction.
住宅組合繼續產生良好的租金漲幅。
利用科技改善租戶安置和滿意度。
Risk:
風險：
Insufficient new office leasing, especially leases over 10,000 square feet.
Significant negative net absorption affecting the office market.
缺乏新的辦公室租賃，特別是覆蓋超過10,000平方英尺的租賃合同。
顯著的淨吸納量爲負，影響辦公市場。
Financial Performance:
金融業績：
Revenue decreased by 3% compared with Q2 2023, primarily due to higher vacancies.
FFO decreased by 4.5% to $0.46 per share, mainly due to higher interest expenses and lower revenues.
AFFO slightly decreased to $74.2 million.
Overall leasing costs during Q2 averaged $5.62 per square foot per year, below long-term pre-pandemic average.
Total leasing costs during the second quarter averaged $5.62 per square foot per year, below their pre-pandemic long-term average.
Same property cash NOI was essentially flat with multifamily growth offset by lower office NOI.
與2023年第二季度相比，營業收入下降了3%，主要是由於高空置率。
由於更高的利息費用和較低的收入，每股FFO下降了4.5%，至0.46美元。
AFFO稍微下降至7420萬美元。
第二季度整體租賃成本平均爲每平方英尺每年5.62美元，低於長期前疫情平均水平。
第二季度的總租賃成本平均爲每平方英尺每年5.62美元，低於疫情前的長期平均水平。
同一物業的現金淨運營收入與多家家族企業的增長抵消了較低的辦公室淨運營收入。
Business Progress:
業務進展：
Signed 222 office leases covering 793,000 square feet, including 205,000 square feet of new leases.
Renewal leases covered 588,000 square feet.
Residential portfolio remains fully leased at 99%.
There are plans to accommodate tenant requirements efficiently with standardized buildouts, reducing turnaround times and costs.
Improved virtual tour capabilities and search technology.
簽署了222份覆蓋793,000平方英尺的辦公室租賃合同，其中包括205,000平方英尺的新租賃。
續租合同覆蓋了588,000平方英尺。
住宅組合仍然全部出租，租賃率爲99%。
有計劃以標準化的建造方式高效滿足租戶的需求，從而降低週轉時間和成本。
提高虛擬旅遊功能和搜索技術。
Opportunities:
機會：
Residential portfolio continuing to generate healthy rent roll-ups, even with lower office occupancy rates.
Maintaining dominant market share and leveraging technology for efficient tenant placement and satisfaction.
住宅投資組合繼續產生健康的租金，並且即使辦公室入住率較低仍然有所上升。
保持主導市場份額，並利用科技進行高效租戶安置和滿意度。
Risks:
風險：
Insufficient new office leasing to drive positive absorption, with shortfalls primarily from new leases over 10,000 square feet.
Significant portion of the portfolio showing negative net absorption, impacted by larger tenant hesitation and uncertainty in the office market.
不足的新辦公室租賃無法推動積極吸納，主要是由於超過10,000平方英尺的新租約不足。
組合的可觀部分出現負淨吸收量，受到較大的租戶猶豫和辦公市場的不確定性的影響。
More details: Douglas Emmett Inc IR
更多詳情：道格拉斯艾美特公司的投資關係
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
