Douglas Emmett Inc DEI
Douglas Emmett, Inc. is a fully integrated, self-administered and self-managed REIT. We are one of the largest owners and operators of high-quality office and multifamily properties located in premier coastal submarkets in Los Angeles and Honolulu. Through our interest in our Operating Partnership, its subsidiaries, and our consolidated JVs, we focus on owning, acquiring, developing and managing a substantial market share of top-tier office properties and premier multifamily communities in neighborhoods with significant supply constraints, high-end executive housing and key lifestyle amenities. Our properties are located in the Beverly Hills, Brentwood, Burbank, Century City, Olympic Corridor, Santa Monica, Sherman Oaks/Encino, Warner Center/Woodland Hills and Westwood submarkets of Los Angeles County, California, and in Honolulu, Hawaii. We intend to increase our market share in our existing submarkets and may enter into other submarkets with similar characteristics where we believe we can gain significant market share. The terms "us," "we" and "our" as used in this Report refer to Douglas Emmett, Inc. and its subsidiaries on a consolidated basis.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.00B | $986.5M | $1.02B | $993.7M | $918.4M | $76.1M | $108.7M | $102.5M | $96.2M | $88.8M |
| Gross profit | $636.0M | $636.2M | $658.9M | $659.8M | $615.0M | $586.1M | — | — | — | — |
| SG&A | $46.7M | $45.4M | $49.2M | $45.4M | $42.6M | $39.6M | $38.1M | $38.6M | $36.2M | $35.0M |
| Total operating expenses | $813.5M | $779.7M | $870.8M | $752.0M | $717.2M | $730.3M | $694.0M | $629.4M | $571.0M | $521.7M |
| Operating income | — | — | — | — | — | — | $242.7M | $251.9M | $241.0M | $220.8M |
| Interest expense | $266.7M | $229.4M | $209.5M | $150.2M | $147.5M | $142.9M | $143.3M | $133.4M | $145.2M | $146.1M |
| Net income | -$11.4M | $7.6M | -$75.8M | $96.5M | $56.1M | $50.4M | $363.7M | $116.1M | $94.4M | $85.4M |
| EPS, basic | 0.09 | 0.13 | -0.26 | 0.55 | 0.37 | 0.28 | 2.09 | 0.68 | 0.58 | 0.57 |
| EPS, diluted | 0.09 | 0.13 | -0.26 | 0.55 | 0.37 | 0.28 | 2.09 | 0.68 | 0.58 | 0.55 |
| Shares, diluted (wtd. avg.) | $167.4M | $167.4M | $169.6M | $175.8M | $175.5M | $175.4M | $173.4M | $169.9M | $161.2M | $153.2M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $340.8M | $444.6M | $523.1M | $268.9M | $336.0M | $172.5M | $153.8M | $146.3M | $176.8M | $113.0M |
| Property, plant and equipment | $7.0M | $6.8M | $7.0M | $7.1M | $2.5M | $2.4M | $2.4M | $1.1M | $1.2M | $1.1M |
| Other intangibles | $4.7M | $2.5M | $3.0M | $3.5M | $4.2M | $5.1M | $6.4M | $3.3M | $4.3M | $5.1M |
| Total assets | $9.29B | $9.40B | $9.64B | $9.75B | $9.35B | $9.25B | $9.35B | $8.26B | $8.29B | $7.61B |
| Long-term debt | $5.55B | $5.50B | $5.54B | $5.19B | $5.01B | $4.74B | $4.62B | $4.13B | $4.12B | $4.37B |
| Total liabilities | $5.81B | $5.75B | $5.80B | $5.47B | $5.37B | $5.25B | $4.98B | $4.41B | $4.39B | $4.60B |
| Retained earnings | -$1.51B | -$1.39B | -$1.29B | -$1.12B | -$1.04B | -$904.5M | -$758.6M | -$935.6M | -$879.8M | -$820.7M |
| Total equity | $1.90B | $2.06B | $3.85B | $4.28B | $3.99B | $4.00B | $4.37B | $3.85B | $3.90B | $3.01B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $386.9M | $408.7M | $427.0M | $496.9M | $447.0M | $420.2M | $469.6M | $433.0M | $402.7M | $339.4M |
| Stock-based compensation | $21.2M | $21.0M | $19.8M | $21.0M | $20.9M | $21.4M | $18.4M | $22.3M | $18.5M | $17.4M |
| Capital expenditure | $192.4M | $167.3M | $189.2M | $162.4M | $108.5M | $143.4M | $176.4M | $179.1M | $108.3M | $91.8M |
| Investing cash flow | -$265.3M | -$240.8M | -$233.6M | -$561.0M | -$288.7M | -$265.2M | -$649.7M | -$249.6M | -$669.6M | -$1.37B |
| Financing cash flow | -$225.3M | -$246.5M | $60.9M | -$3.0M | $5.2M | -$136.3M | $187.5M | -$213.8M | $330.6M | $1.04B |
| Dividends paid | $127.3M | $127.2M | $129.9M | $196.8M | $196.5M | $196.3M | $179.7M | $169.8M | $146.0M | $130.8M |
| Buybacks | $0 | $0 | $109.2M | $0 | $0 | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001364250-26-000020.
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