Douglas Emmett lowers FY23 FFO view to $1.81-$1.85 from $1.87-$1.93

Consensus is for FY23 FFO $1.88. The company said “We are adjusting our FFO guidance to reflect our Barrington Plaza move outs and our new loan offset by a number of positive developments including the impact of the share buyback. Collectively, we expect those items to reduce FFO by about 7c per share. As a result, we now expect Net Loss Per Common Share – Diluted to be between (13c)-(9c), and FFO per fully diluted share to be between $1.81-$1.85. Our guidance does not include the impact of future property acquisitions or dispositions, stock sales or repurchases, financings, property damage insurance recoveries, impairment charges or other possible capital markets activities.”