$DEI
Douglas Emmett Inc

2023 Q4 Form 10-Q Financial Statement

#000136425023000070 Filed on November 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $259.3M $255.4M
YoY Change 2.02% 0.69%
Cost Of Revenue $90.72M $91.70M
YoY Change 5.61% 4.05%
Gross Profit $168.6M $163.5M
YoY Change 0.19% -1.21%
Gross Profit Margin 65.01% 64.02%
Selling, General & Admin $14.72M $13.01M
YoY Change 28.95% 13.57%
% of Gross Profit 8.73% 7.96%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $123.2M $122.0M
YoY Change 32.15% 26.74%
% of Gross Profit 73.08% 74.62%
Operating Expenses $137.9M $135.0M
YoY Change 31.8% 25.34%
Operating Profit $30.66M $28.49M
YoY Change -51.8% -50.71%
Interest Expense -$93.43M $56.04M
YoY Change 131.71% 45.97%
% of Operating Profit -304.72% 196.7%
Other Income/Expense, Net $6.860M $6.229M
YoY Change 252.88% 3030.15%
Pretax Income -$55.91M -$21.03M
YoY Change -321.58% -199.11%
Income Tax
% Of Pretax Income
Net Earnings -$40.82M -$13.36M
YoY Change -269.67% -158.21%
Net Earnings / Revenue -15.74% -5.23%
Basic Earnings Per Share -$0.08
Diluted Earnings Per Share -$0.24 -$0.08
COMMON SHARES
Basic Shares Outstanding 166.7M shares 166.7M shares
Diluted Shares Outstanding 166.7M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $523.1M $526.2M
YoY Change 94.57% 87.27%
Cash & Equivalents $523.1M $526.2M
Short-Term Investments
Other Short-Term Assets $20.59M $30.81M
YoY Change 3.64% 3.02%
Inventory
Prepaid Expenses
Receivables $6.096M $8.555M
Other Receivables $115.3M $117.0M
Total Short-Term Assets $665.1M $682.6M
YoY Change 61.99% 56.59%
LONG-TERM ASSETS
Property, Plant & Equipment $7.014M $7.042M
YoY Change -1.82% 187.9%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $15.98M $47.99M
YoY Change -66.7% -1.58%
Other Assets $101.0K $101.0K
YoY Change 0.0% 0.0%
Total Long-Term Assets $8.979B $9.163B
YoY Change -3.83% -2.2%
TOTAL ASSETS
Total Short-Term Assets $665.1M $682.6M
Total Long-Term Assets $8.979B $9.163B
Total Assets $9.644B $9.846B
YoY Change -1.06% 0.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $61.77M $99.81M
YoY Change -23.03% -0.7%
Accrued Expenses $29.48M $28.87M
YoY Change 20.95% 23.17%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $185.0M $222.8M
YoY Change -7.26% -4.92%
LONG-TERM LIABILITIES
Long-Term Debt $5.543B $5.542B
YoY Change 6.77% 6.77%
Other Long-Term Liabilities $70.66M $74.01M
YoY Change -12.01% -10.95%
Total Long-Term Liabilities $5.614B $5.616B
YoY Change 6.48% 6.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $185.0M $222.8M
Total Long-Term Liabilities $5.614B $5.616B
Total Liabilities $5.799B $5.839B
YoY Change 5.98% 6.0%
SHAREHOLDERS EQUITY
Retained Earnings -$1.291B -$1.218B
YoY Change 15.27% 9.71%
Common Stock $3.395B $3.386B
YoY Change -2.87% -3.11%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.220B $2.337B
YoY Change
Total Liabilities & Shareholders Equity $9.644B $9.846B
YoY Change -1.06% 0.41%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income -$40.82M -$13.36M
YoY Change -269.67% -158.21%
Depreciation, Depletion And Amortization $123.2M $122.0M
YoY Change 32.15% 26.74%
Cash From Operating Activities $94.76M $90.49M
YoY Change -17.76% -28.29%
INVESTING ACTIVITIES
Capital Expenditures $48.50M $61.00M
YoY Change -26.36% -209.34%
Acquisitions
YoY Change
Other Investing Activities -$4.719M $558.0K
YoY Change -347.46% -84.5%
Cash From Investing Activities -$53.22M -$60.44M
YoY Change -16.79% 15.81%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -44.69M 233.0M
YoY Change -29.56% -463.9%
NET CHANGE
Cash From Operating Activities 94.76M 90.49M
Cash From Investing Activities -53.22M -60.44M
Cash From Financing Activities -44.69M 233.0M
Net Change In Cash -3.148M 263.0M
YoY Change -74.14% 2539.7%
FREE CASH FLOW
Cash From Operating Activities $94.76M $90.49M
Capital Expenditures $48.50M $61.00M
Free Cash Flow $46.26M $29.49M
YoY Change -6.28% -83.79%

Facts In Submission

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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 September 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">$0.5 million and $0.3 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 nine months ended September 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">$2.3 million and $1.6 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 September 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">$4.4 million and $3.3 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 nine months ended September 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">$23.4 million and $22.1 million for the three months ended September 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">$69.1 million and $62.6 million for the nine months ended September 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">$1.0 million as of September 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>
CY2022Q3 nysedei Revenues Charge For Uncollectible Amounts
RevenuesChargeForUncollectibleAmounts
100000 usd
nysedei Revenues Charge For Uncollectible Amounts
RevenuesChargeForUncollectibleAmounts
500000 usd
nysedei Revenues Charge For Uncollectible Amounts
RevenuesChargeForUncollectibleAmounts
300000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
23400000 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
22100000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
69100000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
62600000 usd
CY2023Q3 nysedei Parking Receivables
ParkingReceivables
1000000 usd
CY2022Q4 nysedei Parking Receivables
ParkingReceivables
900000 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
10800000 usd
CY2022Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
183000 usd
CY2023Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
183000 usd
CY2023Q3 us-gaap Land
Land
1185977000 usd
CY2022Q4 us-gaap Land
Land
1185977000 usd
CY2023Q3 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
10118965000 usd
CY2022Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
10055499000 usd
CY2023Q3 nysedei Tenant Improvements And Lease Intangibles
TenantImprovementsAndLeaseIntangibles
1011310000 usd
CY2022Q4 nysedei Tenant Improvements And Lease Intangibles
TenantImprovementsAndLeaseIntangibles
981460000 usd
CY2023Q3 us-gaap Development In Process
DevelopmentInProcess
69225000 usd
CY2022Q4 us-gaap Development In Process
DevelopmentInProcess
70037000 usd
CY2023Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
12385477000 usd
CY2022Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
12292973000 usd
CY2023Q3 us-gaap Restructuring Reserve Accelerated Depreciation
RestructuringReserveAcceleratedDepreciation
27400000 usd
us-gaap Restructuring Reserve Accelerated Depreciation
RestructuringReserveAcceleratedDepreciation
54800000 usd
CY2023Q3 nysedei Lessee Operating Lease Liability Payments Due Per Year
LesseeOperatingLeaseLiabilityPaymentsDuePerYear
733000 usd
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
7400000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
549000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
549000 usd
CY2023Q3 nysedei Lessee Operating Lease Liability Payments Due Per Year
LesseeOperatingLeaseLiabilityPaymentsDuePerYear
733000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
733000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
733000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
733000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour
733000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive
733000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due After Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive
42696000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
46361000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3103000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3536000 usd
CY2023Q3 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
22775000 usd
CY2022Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
31364000 usd
CY2023Q3 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-2461000 usd
CY2022Q3 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-3343000 usd
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-8156000 usd
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-8050000 usd
nysedei Proceeds From Equity Method Investment Operating Distributions
ProceedsFromEquityMethodInvestmentOperatingDistributions
957000 usd
nysedei Proceeds From Equity Method Investment Operating Distributions
ProceedsFromEquityMethodInvestmentOperatingDistributions
921000 usd
nysedei Proceeds From Equity Method Investment Capital Distributions
ProceedsFromEquityMethodInvestmentCapitalDistributions
80000 usd
nysedei Proceeds From Equity Method Investment Capital Distributions
ProceedsFromEquityMethodInvestmentCapitalDistributions
1454000 usd
nysedei Total Equity Method Distributions Received
TotalEquityMethodDistributionsReceived
1037000 usd
nysedei Total Equity Method Distributions Received
TotalEquityMethodDistributionsReceived
2375000 usd
CY2023Q3 nysedei Percentage Of Amounts Related To Fund
PercentageOfAmountsRelatedToFund
1
CY2023Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
101000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
101000 usd
CY2023Q3 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
30811000 usd
CY2022Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
19871000 usd
CY2023Q3 us-gaap Other Indefinite Lived Intangible Assets
OtherIndefiniteLivedIntangibleAssets
1988000 usd
CY2022Q4 us-gaap Other Indefinite Lived Intangible Assets
OtherIndefiniteLivedIntangibleAssets
1988000 usd
CY2023Q3 us-gaap Debt Instrument Collateral Amount
DebtInstrumentCollateralAmount
13300000 usd
CY2022Q4 us-gaap Debt Instrument Collateral Amount
DebtInstrumentCollateralAmount
0 usd
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7042000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7144000 usd
CY2023Q3 us-gaap Other Assets
OtherAssets
7152000 usd
CY2023Q3 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
60394000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
5220902000 usd
CY2023Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
5570259000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
5220902000 usd
CY2023Q3 us-gaap Longterm Debt Percentage Bearing Fixed Interest Amount
LongtermDebtPercentageBearingFixedInterestAmount
3830000000 usd
nysedei Long Term Debt Weighted Average Remaining Life
LongTermDebtWeightedAverageRemainingLife
P4Y3M18D
nysedei Long Term Debt Weighted Average Remaining Fixed Interest Period
LongTermDebtWeightedAverageRemainingFixedInterestPeriod
P2Y1M6D
CY2023Q3 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0265
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Rolling Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths
891000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo
838333000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree
1015976000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour
1401022000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive
926069000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingAfterYearFive
1387968000 usd
CY2023Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
5570259000 usd
CY2023Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
18028000 usd
CY2022Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
13529000 usd
CY2023Q3 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
99805000 usd
CY2022Q4 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
80244000 usd
CY2023Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
51236000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
47152000 usd
CY2023Q3 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
169069000 usd
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
140925000 usd
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
318408000 usd
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
104891000 usd
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-20505000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-21757000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
342628000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
-4454000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
104205000 usd
us-gaap Interest Expense
InterestExpense
151859000 usd
us-gaap Interest Expense
InterestExpense
109560000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1177000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
921000 usd
CY2023Q3 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
150054000 usd
us-gaap Partners Capital Account Units Redeemed
PartnersCapitalAccountUnitsRedeemed
29000 shares
us-gaap Partners Capital Account Redemptions
PartnersCapitalAccountRedemptions
367000 usd
us-gaap Stock Issued During Period Shares Conversion Of Units
StockIssuedDuringPeriodSharesConversionOfUnits
260000 shares
us-gaap Partners Capital Account Units Redeemed
PartnersCapitalAccountUnitsRedeemed
10000 shares
us-gaap Partners Capital Account Redemptions
PartnersCapitalAccountRedemptions
336000 usd
CY2023Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
166700000 shares
CY2023Q3 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
CY2023Q3 nysedei Operating Partnership Conversion Rate
OperatingPartnershipConversionRate
1
us-gaap Net Income Loss
NetIncomeLoss
-2251000 usd
us-gaap Net Income Loss
NetIncomeLoss
72843000 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
4236000 usd
nysedei Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Increase Decrease Purchase Of Interest By Parent
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesIncreaseDecreasePurchaseOfInterestByParent
-120000 usd
nysedei Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Increase Decrease Purchase Of Interest By Parent
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesIncreaseDecreasePurchaseOfInterestByParent
176000 usd
us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Net
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesNet
120000 usd
us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Net
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesNet
4060000 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
-2131000 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
76903000 usd
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
83157000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-17303000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
238423000 usd
CY2023Q2 nysedei Capital Stock Capital Shares Reserved For Future Issuance Increase Amount
CapitalStockCapitalSharesReservedForFutureIssuanceIncreaseAmount
19000000 usd
CY2023Q3 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
21300000 shares
CY2023Q3 us-gaap Share Based Compensation
ShareBasedCompensation
2327000 usd
CY2022Q3 us-gaap Share Based Compensation
ShareBasedCompensation
2266000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
7553000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
7156000 usd
CY2022Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
826000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
2209000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
2455000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
22955000 usd
us-gaap Net Income Loss
NetIncomeLoss
-2251000 usd
us-gaap Net Income Loss
NetIncomeLoss
72843000 usd
CY2022Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
218000 usd
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
831000 usd
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
666000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-13633000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-13633000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
22737000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
22737000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-3082000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-3082000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
72177000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
72177000 usd
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
166738000 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
166738000 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
175784000 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
175784000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
170553000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
170553000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
175742000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
175742000 shares
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.08
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.08
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.13
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.13
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.02
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.02
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.41
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.41
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
CY2023Q3 nysedei Percentage Of Notional Amount Of Derivative Disclosed
PercentageOfNotionalAmountOfDerivativeDisclosed
1
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2023Q3 us-gaap Gross Profit
GrossProfit
163522000 usd
CY2022Q3 us-gaap Gross Profit
GrossProfit
165349000 usd
CY2023Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
12826000 usd
CY2022Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
11272000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
34698000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
34173000 usd
CY2023Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
122022000 usd
CY2022Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
96276000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
336771000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
279588000 usd
CY2023Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
6229000 usd
CY2022Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1649000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
12561000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
2490000 usd
CY2023Q3 us-gaap Other Expenses
OtherExpenses
175000 usd
CY2022Q3 us-gaap Other Expenses
OtherExpenses
199000 usd
us-gaap Other Expenses
OtherExpenses
820000 usd
us-gaap Other Expenses
OtherExpenses
561000 usd
CY2023Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
290000 usd
CY2022Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
356000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1177000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
921000 usd
CY2023Q3 us-gaap Interest Expense
InterestExpense
56043000 usd
CY2022Q3 us-gaap Interest Expense
InterestExpense
38394000 usd
us-gaap Interest Expense
InterestExpense
151859000 usd
us-gaap Interest Expense
InterestExpense
109560000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
-21025000 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
21213000 usd
us-gaap Profit Loss
ProfitLoss
-19932000 usd
us-gaap Profit Loss
ProfitLoss
71309000 usd
CY2023Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-7663000 usd
CY2022Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-1742000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-17681000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-1534000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-13362000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
22955000 usd
us-gaap Net Income Loss
NetIncomeLoss
-2251000 usd
us-gaap Net Income Loss
NetIncomeLoss
72843000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Rolling Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextRollingTwelveMonths
616384000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Rolling Year Two
LessorOperatingLeasePaymentsToBeReceivedRollingYearTwo
507320000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Rolling Year Three
LessorOperatingLeasePaymentsToBeReceivedRollingYearThree
405771000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Rolling Year Four
LessorOperatingLeasePaymentsToBeReceivedRollingYearFour
321408000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Rolling Year Five
LessorOperatingLeasePaymentsToBeReceivedRollingYearFive
231391000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received After Rolling Year Five
LessorOperatingLeasePaymentsToBeReceivedAfterRollingYearFive
678380000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
2760654000 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
CY2023Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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