Douglas Emmett Inc. (DEI) 2022年年度报告「NYSE」.pdf

1、20222022ANNUAL REPORTDear Fellow Shareholders,For Douglas Emmett,2022 was a year of real accomplishments in the face of notable challenges.In our markets,as the impacts of the pandemic dissipated during the first three quarters,we leased approximately 3 million square feet of office space while util

2、ization rates in our office buildings rebounded to over 80%.However,as economic concerns grew during the fourth quarter,we saw a slowdown in large tenant office demand.During 2022,the straight-line value of our commercial leases increased by 5.8%over the prior lease for the same space.Overall,our of

3、fice absorption was slightly negative for the year,reflecting the slowdown in leasing during the fourth quarter and space we recaptured from nonpaying commercial tenants as local eviction moratoriums expired.Our multifamily business continued to prosper and grow during 2022.Our residential rents on

4、new leases signed during the year increased an average of 7.8%,and we grew our residential portfolio by 14%to over 5,000 units.This year,we completed and leased over 60%of the Landmark Los Angeles,our new 376 unit luxury high-rise apartment building located in Brentwood.We acquired 1221 Ocean Avenue

5、,a 120 unit apartment property overlooking the beach in Santa Monica.Finally,we have now converted over 70%of our office space to residential units at Bishop Place in Honolulu.We are not immune to the current state of the national economy,which we expect to continue to be challenging in the near ter

6、m.Remote work,oversupply,a reliance on large tenants,and concerns about reduced urban appeal seem to pose additional obstacles for some office CBDs.Fortunately,our markets supply constraints,smaller tenants,short commutes,and low reliance on public transit supported relatively high leasing volume an