Douglas Emmett Inc
For the period ended Dec 31, 2023. Filed Feb 16, 2024.
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FY2023 · Filed Feb 16, 2024
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EPS
- EPS
The table below presents the calculation of basic and diluted EPS:
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Numerator (In thousands): | |||
| Net (loss) income attributable to common stockholders | $(42,706) | $97,145 | $65,267 |
| Allocation to participating securities: Unvested LTIP Units | (1,191) | (912) | (876) |
| Net (loss) income attributable to common stockholders - basic and diluted | $(43,897) | $96,233 | $64,391 |
| Denominator (In thousands): | |||
| Weighted average shares of common stock outstanding - basic and diluted(1) | 169,597 | 175,756 | 175,478 |
| Net (loss) income per common share - basic and diluted | $(0.26) | $0.55 | $0.37 |
(1) Outstanding OP Units and vested LTIP Units are not included in the denominator in calculating diluted EPS, even though they may be exchanged under certain conditions for common stock on aone-for-one basis, because their associated net income or loss (equal on a per unit basis to the Net income or loss per common share - diluted) was already deducted in calculating Net income (loss) attributable to common stockholders. Accordingly, any exchange would not have any effect on diluted EPS. The table below presents the weighted average OP Units and vested LTIP Units outstanding for the respective periods:
| Year Ended December 31, | |||
|---|---|---|---|
| (In thousands) | 2023 | 2022 | 2021 |
| OP Units | 30,931 | 29,756 | 28,643 |
| Vested LTIP Units | 1,585 | 1,120 | 1,439 |
F- 30
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