$DEI
Douglas Emmett Inc

2023 Q3 Form 10-Q Financial Statement

#000136425023000050 Filed on August 04, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $255.4M $253.4M
YoY Change 0.69% 2.61%
Cost Of Revenue $91.70M $89.01M
YoY Change 4.05% 8.95%
Gross Profit $163.5M $164.2M
YoY Change -1.21% -0.64%
Gross Profit Margin 64.02% 64.8%
Selling, General & Admin $13.01M $11.12M
YoY Change 13.57% -6.16%
% of Gross Profit 7.96% 6.77%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $122.0M $121.6M
YoY Change 26.74% 29.41%
% of Gross Profit 74.62% 74.03%
Operating Expenses $135.0M $132.7M
YoY Change 25.34% 25.42%
Operating Profit $28.49M $31.53M
YoY Change -50.71% -47.0%
Interest Expense $56.04M $50.31M
YoY Change 45.97% 38.72%
% of Operating Profit 196.7% 159.54%
Other Income/Expense, Net $6.229M $3.049M
YoY Change 3030.15% 1603.35%
Pretax Income -$21.03M -$15.07M
YoY Change -199.11% -163.22%
Income Tax
% Of Pretax Income
Net Earnings -$13.36M -$7.262M
YoY Change -158.21% -129.79%
Net Earnings / Revenue -5.23% -2.87%
Basic Earnings Per Share -$0.08 -$0.04
Diluted Earnings Per Share -$0.08 -$0.04
COMMON SHARES
Basic Shares Outstanding 166.7M shares 169.8M shares
Diluted Shares Outstanding 166.7M shares 169.3M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $526.2M $263.2M
YoY Change 87.27% -2.9%
Cash & Equivalents $526.2M $263.2M
Short-Term Investments
Other Short-Term Assets $30.81M $5.407M
YoY Change 3.02% 14.02%
Inventory
Prepaid Expenses
Receivables $8.555M $10.22M
Other Receivables $117.0M $115.8M
Total Short-Term Assets $682.6M $394.6M
YoY Change 56.59% -1.77%
LONG-TERM ASSETS
Property, Plant & Equipment $7.042M $7.058M
YoY Change 187.9% 188.32%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $47.99M $48.02M
YoY Change -1.58% 0.13%
Other Assets $101.0K $101.0K
YoY Change 0.0% 0.0%
Total Long-Term Assets $9.163B $9.220B
YoY Change -2.2% -0.91%
TOTAL ASSETS
Total Short-Term Assets $682.6M $394.6M
Total Long-Term Assets $9.163B $9.220B
Total Assets $9.846B $9.615B
YoY Change 0.41% -0.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $99.81M $74.23M
YoY Change -0.7% -3.46%
Accrued Expenses $28.87M $26.95M
YoY Change 23.17% 16.49%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $222.8M $195.2M
YoY Change -4.92% -6.36%
LONG-TERM LIABILITIES
Long-Term Debt $5.542B $5.265B
YoY Change 6.77% 1.46%
Other Long-Term Liabilities $74.01M $80.70M
YoY Change -10.95% 0.56%
Total Long-Term Liabilities $5.616B $5.345B
YoY Change 6.49% 1.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $222.8M $195.2M
Total Long-Term Liabilities $5.616B $5.345B
Total Liabilities $5.839B $5.541B
YoY Change 6.0% 1.15%
SHAREHOLDERS EQUITY
Retained Earnings -$1.218B -$1.173B
YoY Change 9.71% 8.21%
Common Stock $3.386B $3.386B
YoY Change -3.11% -3.11%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.337B $2.387B
YoY Change
Total Liabilities & Shareholders Equity $9.846B $9.615B
YoY Change 0.41% -0.94%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income -$13.36M -$7.262M
YoY Change -158.21% -129.79%
Depreciation, Depletion And Amortization $122.0M $121.6M
YoY Change 26.74% 29.41%
Cash From Operating Activities $90.49M $96.25M
YoY Change -28.29% -17.04%
INVESTING ACTIVITIES
Capital Expenditures $61.00M $69.16M
YoY Change -209.34% -118.56%
Acquisitions
YoY Change
Other Investing Activities $558.0K $627.0K
YoY Change -84.5% -22.78%
Cash From Investing Activities -$60.44M -$68.53M
YoY Change 15.81% -81.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 233.0M -66.51M
YoY Change -463.9% -135.08%
NET CHANGE
Cash From Operating Activities 90.49M 96.25M
Cash From Investing Activities -60.44M -68.53M
Cash From Financing Activities 233.0M -66.51M
Net Change In Cash 263.0M -38.79M
YoY Change 2539.7% -41.42%
FREE CASH FLOW
Cash From Operating Activities $90.49M $96.25M
Capital Expenditures $61.00M $69.16M
Free Cash Flow $29.49M $27.09M
YoY Change -83.79% -94.46%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CY2023Q2 nysedei Number Of Joint Ventures Consolidated
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us-gaap Use Of Estimates
UseOfEstimates
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with US GAAP requires management to make certain estimates that affect the reported amounts in the consolidated financial statements and accompanying notes. Actual results could differ materially from those estimates.</span></div>
us-gaap Revenue Recognition Leases
RevenueRecognitionLeases
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Revenue Recognition</span></div><div><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Rental revenues and tenant recoveries</span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="padding-left:18pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We account for our rental revenues and tenant recoveries in accordance with Topic 842 "Leases". Rental revenues and tenant recoveries are included in: (i) Rental revenues and tenant recoveries under Office rental, and (ii) Rental revenues under Multifamily rental, on our consolidated statements of operations. </span></div><div style="padding-left:18pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="padding-left:36pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Collectibility</span></div><div style="padding-left:18pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="padding-left:18pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In accordance with Topic 842, we perform an assessment as to whether or not substantially all of the amounts due under a tenant’s lease agreement is deemed probable of collection. This assessment involves using a methodology that requires judgment and estimates about matters that are uncertain at the time the estimates are made, including tenant specific factors, specific industry conditions, and general economic trends and conditions. For leases where we have concluded it is probable that we will collect substantially all the lease payments due under those leases, we continue to record lease income on a straight-line basis over the lease term. For leases where we have concluded that it is not probable that we will collect substantially all the lease payments due under those leases, we limit the lease income to the lesser of the income recognized on a straight-line basis or cash basis. We write-off tenant receivables and deferred rent receivables as a charge against rental revenues and tenant recoveries in the period we conclude that substantially all of the lease payments are not probable of collection. If we subsequently collect amounts that were previously written off then the amounts collected are recorded as an increase to our rental revenues and tenant recoveries in the period they are collected. If our conclusion of collectibility changes, we will record the difference between the lease income that would have been recognized on a straight-line basis and cash basis as a current-period adjustment to rental revenues and tenant recoveries. </span></div><div style="padding-left:18pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:174%">Charges for uncollectible office tenant receivables and deferred rent receivables, reduced our office revenues b</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:174%">y:</span></div><div style="padding-left:54pt;text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:174%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:174%;padding-left:14.5pt">$0.2 million and $0.1 million for the three months ended June 30, 2023 and 2022, respectively, and</span></div><div style="padding-left:54pt;text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">•</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">$0.3 million and $0.2 million for th</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">e six months ended June 30, 2023 and 2022, respectively.</span></div><div style="padding-left:18pt;text-align:justify"><span><br/></span></div><div style="padding-left:18pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> We restored accrual basis accounting for certain office tenants that were previously determined to be uncollectible and accounted for on a cash basis of accounting, which increased our office revenues b</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">y:</span></div><div style="margin-top:6pt;padding-left:54pt;text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:174%">•</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:174%;padding-left:14.5pt">$1.8 million and $1.7 million for </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:174%">the three months ended June 30, 2023 and 2022, respectively, and</span></div><div style="padding-left:54pt;text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">•</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">$2.0 million and $1.7 million for th</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">e six months ended June 30, 2023 and 2022, respectively.</span></div><div style="padding-left:18pt;text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Office parking revenues</span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="padding-left:18pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We account for our office parking revenues in accordance with ASC 606 "Revenue from Contracts with Customers". Office parking revenues are included in Parking and other income under Office rental on our consolidated statements of operations. Our lease contracts generally make a specified number of parking spaces available to the tenant, and we bill and recognize parking revenues on a monthly basis in accordance with the lease agreements, generally using the monthly parking rates in effect at the time of billing.</span></div><div style="padding-left:18pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="padding-left:18pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:174%">Office parking revenues were:</span></div><div style="padding-left:54pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:174%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:174%;padding-left:14.5pt">$22.9 million and $21.5 million for the three months ended June 30, 2023, and 2022, respectively, and</span></div><div style="padding-left:54pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:174%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:174%;padding-left:14.5pt">$45.7 million and $40.5 million for the six months ended June 30, 2023 and 2022, respectively.</span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:174%">Office parking receivables, which are included in Tenant receivables on our consolidated balance sheets, were</span></div><div style="padding-left:54pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:174%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:174%;padding-left:14.5pt">$1.3 million as of June 30, 2023, and</span></div><div style="margin-bottom:6pt;padding-left:54pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:174%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:174%;padding-left:14.5pt">$0.9 million as of December 31, 2022.</span></div>
CY2023Q2 nysedei Revenues Charge For Uncollectible Amounts
RevenuesChargeForUncollectibleAmounts
200000 usd
CY2022Q2 nysedei Revenues Charge For Uncollectible Amounts
RevenuesChargeForUncollectibleAmounts
100000 usd
nysedei Revenues Charge For Uncollectible Amounts
RevenuesChargeForUncollectibleAmounts
300000 usd
nysedei Revenues Charge For Uncollectible Amounts
RevenuesChargeForUncollectibleAmounts
200000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
22900000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
21500000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
45700000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
40500000 usd
CY2023Q2 nysedei Parking Receivables
ParkingReceivables
1300000 usd
CY2022Q4 nysedei Parking Receivables
ParkingReceivables
900000 usd
CY2022Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
183000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
366000 usd
CY2023Q2 us-gaap Land
Land
1185977000 usd
CY2022Q4 us-gaap Land
Land
1185977000 usd
CY2023Q2 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
10087873000 usd
CY2022Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
10055499000 usd
CY2023Q2 nysedei Tenant Improvements And Lease Intangibles
TenantImprovementsAndLeaseIntangibles
1008687000 usd
CY2022Q4 nysedei Tenant Improvements And Lease Intangibles
TenantImprovementsAndLeaseIntangibles
981460000 usd
CY2023Q2 us-gaap Development In Process
DevelopmentInProcess
78396000 usd
CY2022Q4 us-gaap Development In Process
DevelopmentInProcess
70037000 usd
CY2023Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
12360933000 usd
CY2022Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
12292973000 usd
CY2023Q2 us-gaap Restructuring Reserve Accelerated Depreciation
RestructuringReserveAcceleratedDepreciation
27400000 usd
CY2023Q2 nysedei Lessee Operating Lease Liability Payments Due Per Year
LesseeOperatingLeaseLiabilityPaymentsDuePerYear
733000 usd
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
7500000 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
10800000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
366000 usd
CY2023Q2 nysedei Lessee Operating Lease Liability Payments Due Per Year
LesseeOperatingLeaseLiabilityPaymentsDuePerYear
733000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
733000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
733000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
733000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour
733000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive
733000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due After Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive
42880000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
46545000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3243000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3536000 usd
CY2023Q2 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
25376000 usd
CY2022Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
31364000 usd
CY2022Q2 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-2910000 usd
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-5695000 usd
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-4707000 usd
nysedei Proceeds From Equity Method Investment Operating Distributions
ProceedsFromEquityMethodInvestmentOperatingDistributions
614000 usd
nysedei Proceeds From Equity Method Investment Operating Distributions
ProceedsFromEquityMethodInvestmentOperatingDistributions
558000 usd
nysedei Proceeds From Equity Method Investment Capital Distributions
ProceedsFromEquityMethodInvestmentCapitalDistributions
69000 usd
nysedei Proceeds From Equity Method Investment Capital Distributions
ProceedsFromEquityMethodInvestmentCapitalDistributions
1022000 usd
nysedei Total Equity Method Distributions Received
TotalEquityMethodDistributionsReceived
683000 usd
nysedei Total Equity Method Distributions Received
TotalEquityMethodDistributionsReceived
1580000 usd
CY2023Q2 nysedei Percentage Of Amounts Related To Fund
PercentageOfAmountsRelatedToFund
1
CY2023Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
101000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
101000 usd
CY2023Q2 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
5407000 usd
CY2022Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
19871000 usd
CY2023Q2 us-gaap Other Indefinite Lived Intangible Assets
OtherIndefiniteLivedIntangibleAssets
1988000 usd
CY2022Q4 us-gaap Other Indefinite Lived Intangible Assets
OtherIndefiniteLivedIntangibleAssets
1988000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7144000 usd
CY2022Q4 us-gaap Other Assets
OtherAssets
4837000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
33941000 usd
CY2023Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
5290476000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
5220902000 usd
CY2023Q2 us-gaap Longterm Debt Percentage Bearing Fixed Interest Amount
LongtermDebtPercentageBearingFixedInterestAmount
3830000000 usd
nysedei Weighted Average Remaining Life Of Fixed Rate Debt
WeightedAverageRemainingLifeOfFixedRateDebt
P4Y6M
nysedei Weighted Average Remaining Fixed Interest Period
WeightedAverageRemainingFixedInterestPeriod
P2Y4M24D
CY2023Q2 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0265
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Rolling Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths
70882000 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo
838322000 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree
965000 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour
2416010000 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive
301057000 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingAfterYearFive
1663240000 usd
CY2023Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
5290476000 usd
CY2023Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
16105000 usd
CY2022Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
13529000 usd
CY2023Q2 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
74230000 usd
CY2022Q4 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
80244000 usd
CY2023Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
55320000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
47152000 usd
CY2023Q2 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
145655000 usd
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
140925000 usd
us-gaap Interest Expense
InterestExpense
95816000 usd
us-gaap Interest Expense
InterestExpense
71166000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
887000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
565000 usd
CY2023Q2 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
148611000 usd
us-gaap Partners Capital Account Units Redeemed
PartnersCapitalAccountUnitsRedeemed
26000 shares
us-gaap Partners Capital Account Redemptions
PartnersCapitalAccountRedemptions
321000 usd
us-gaap Stock Issued During Period Shares Conversion Of Units
StockIssuedDuringPeriodSharesConversionOfUnits
255000 shares
us-gaap Partners Capital Account Units Redeemed
PartnersCapitalAccountUnitsRedeemed
10000 shares
us-gaap Partners Capital Account Redemptions
PartnersCapitalAccountRedemptions
330000 usd
CY2023Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
166700000 shares
CY2023Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
166700000 shares
nysedei Number Of Shares Of Common Stock Issued Upon Redemption Of One Op Unit
NumberOfSharesOfCommonStockIssuedUponRedemptionOfOneOPUnit
1 shares
CY2023Q2 nysedei Operating Partnership Conversion Rate
OperatingPartnershipConversionRate
1
us-gaap Net Income Loss
NetIncomeLoss
11111000 usd
us-gaap Net Income Loss
NetIncomeLoss
49888000 usd
nysedei Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Exchange Of Interest Units By Parent
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesExchangeOfInterestUnitsByParent
0 usd
nysedei Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Exchange Of Interest Units By Parent
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesExchangeOfInterestUnitsByParent
4156000 usd
nysedei Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Increase Decrease Purchase Of Interest By Parent
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesIncreaseDecreasePurchaseOfInterestByParent
-109000 usd
nysedei Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Increase Decrease Purchase Of Interest By Parent
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesIncreaseDecreasePurchaseOfInterestByParent
175000 usd
us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Net
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesNet
109000 usd
us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Net
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesNet
3981000 usd
us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Change Due To Net Income Attributable To Parent And Effects Of Changes Net
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangeDueToNetIncomeAttributableToParentAndEffectsOfChangesNet
11220000 usd
us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Change Due To Net Income Attributable To Parent And Effects Of Changes Net
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangeDueToNetIncomeAttributableToParentAndEffectsOfChangesNet
53869000 usd
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
51777000 usd
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
203769000 usd
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
66397000 usd
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-28061000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-14712000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
234276000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
-2546000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
70732000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-12166000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
163544000 usd
CY2023Q2 nysedei Capital Stock Capital Shares Reserved For Future Issuance Increase Amount
CapitalStockCapitalSharesReservedForFutureIssuanceIncreaseAmount
19000000 usd
CY2023Q2 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
21300000 shares
CY2023Q2 nysedei Capital Stock Capital Shares Reserved For Future Issuance Increase Amount
CapitalStockCapitalSharesReservedForFutureIssuanceIncreaseAmount
19000000 usd
CY2023Q2 us-gaap Share Based Compensation
ShareBasedCompensation
2432000 usd
CY2022Q2 us-gaap Share Based Compensation
ShareBasedCompensation
2309000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
5226000 usd
CY2023Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
744000 usd
CY2022Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
838000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1457000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-7262000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
24374000 usd
us-gaap Net Income Loss
NetIncomeLoss
11111000 usd
CY2023Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
277000 usd
CY2022Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
222000 usd
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
560000 usd
CY2023Q2 nysedei Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
-7539000 usd
CY2022Q2 nysedei Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
24152000 usd
nysedei Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
10551000 usd
nysedei Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
49440000 usd
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
169256000 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
169256000 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
175784000 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
175784000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
172492000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
172492000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
175720000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
175720000 shares
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.04
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.04
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.14
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.06
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.06
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.28
nysedei Number Of Shares Of Common Stock Issued Upon Redemption Of One Op Unit Or One Vested Ltip Unit
NumberOfSharesOfCommonStockIssuedUponRedemptionOfOneOPUnitOrOneVestedLTIPUnit
1 shares
nysedei Number Of Shares Of Common Stock Issued Upon Redemption Of One Op Unit Or One Vested Ltip Unit
NumberOfSharesOfCommonStockIssuedUponRedemptionOfOneOPUnitOrOneVestedLTIPUnit
1 shares
CY2023Q2 nysedei Percentage Of Notional Amount Of Derivative Disclosed
PercentageOfNotionalAmountOfDerivativeDisclosed
1
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2023Q2 us-gaap Gross Profit
GrossProfit
164219000 usd
CY2022Q2 us-gaap Gross Profit
GrossProfit
165096000 usd
us-gaap Gross Profit
GrossProfit
326956000 usd
us-gaap Gross Profit
GrossProfit
326431000 usd
CY2023Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
10932000 usd
CY2022Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
11661000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
21872000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
22901000 usd
CY2023Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
121573000 usd
CY2022Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
93947000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
214749000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
183312000 usd
CY2023Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
3049000 usd
CY2022Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
474000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
6332000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
841000 usd
CY2023Q2 us-gaap Other Expenses
OtherExpenses
125000 usd
CY2022Q2 us-gaap Other Expenses
OtherExpenses
179000 usd
us-gaap Other Expenses
OtherExpenses
645000 usd
us-gaap Other Expenses
OtherExpenses
362000 usd
CY2023Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
598000 usd
CY2022Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
318000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
887000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
565000 usd
CY2023Q2 us-gaap Interest Expense
InterestExpense
50305000 usd
CY2022Q2 us-gaap Interest Expense
InterestExpense
36264000 usd
us-gaap Interest Expense
InterestExpense
95816000 usd
us-gaap Interest Expense
InterestExpense
71166000 usd
CY2023Q2 us-gaap Profit Loss
ProfitLoss
-15069000 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
23837000 usd
us-gaap Profit Loss
ProfitLoss
1093000 usd
us-gaap Profit Loss
ProfitLoss
50096000 usd
CY2023Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-7807000 usd
CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-537000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-10018000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
208000 usd
us-gaap Net Income Loss
NetIncomeLoss
49888000 usd
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Next Rolling Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextRollingTwelveMonths
613342000 usd
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Rolling Year Two
LessorOperatingLeasePaymentsToBeReceivedRollingYearTwo
509421000 usd
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Rolling Year Three
LessorOperatingLeasePaymentsToBeReceivedRollingYearThree
407209000 usd
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Rolling Year Four
LessorOperatingLeasePaymentsToBeReceivedRollingYearFour
320697000 usd
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Rolling Year Five
LessorOperatingLeasePaymentsToBeReceivedRollingYearFive
229533000 usd
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received After Rolling Year Five
LessorOperatingLeasePaymentsToBeReceivedAfterRollingYearFive
664014000 usd
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
2744216000 usd
nysedei Lessor Operating Leases Not Included In Future Minimum Payments Receivable Maximum Term
LessorOperatingLeasesNotIncludedInFutureMinimumPaymentsReceivableMaximumTerm
P1Y
nysedei Number Of Properties Containing Asbestos
NumberOfPropertiesContainingAsbestos
33 building
CY2023Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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