Douglas Emmett Inc. (DEI) 2018年年度报告「NYSE」.pdf

1、Annual Report2018Dear Fellow Shareholders,We had a very successful year in 2018:We grew our Funds from Operations by 12.7%and our Adjusted Funds from Operations by 7.4%,raised our dividend by 4%and still have one of the best dividend coverage ratios in our peer group.We signed 800 office leases,with

2、 straight line rents averaging 31%higher than the prior lease for the same space.With the exception of a loan on a residential development project,we have no term loans due until 2022.Our leverage remains low,and we have plenty of dry powder for external growth.Our development platform has matured t

3、o the point where its making meaningful additions to FFO:Weve completed construction of 491 new units at our Moanalua Apartment community in Honolulu,which now has almost 1,200 units.With the upgrades to our existing buildings and new amenities,this is now one of the most modern and desirable workfo

4、rce housing communities in Hawaii.In Brentwood,construction of our 376 unit,34 story luxury apartment tower is in full swing.This will be the first new high rise residential property west of the 405 freeway in more than 40 years,and represents one of the most exceptional residential development oppo

5、rtunities in all of West Los Angeles.We are already seeing accelerated rent growth from our efforts to reposition several office buildings where we felt targeted investment could significantly increase rental rates.Sustainability efforts remained a major priority as we continued to reduce our carbon

6、 footprint and deliver meaningful savings.We reduced our electrical usage per square foot by another 2.1%,an impressive eleventh consecutive year of lower consumption.The EPA certified over 95%of our eligible office space as ENERGY STAR compliant,placing almost all of our buildings in the top 25 per