Douglas Emmett Inc DEI

Real estate SIC 6798 - Real Estate Investment Trusts NAICS Real Estate and Rental and Leasing › Real Estate › Lessors of Real Estate derived NYSE

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.

Last close 10.17 2026-10-23
Market cap $1.70B 2026-06-30 share count
52-week range 9.04 - 13.41

Valuation FY2025 figures against the last close

P/S1.7x
P/E113.0x
P/FCF8.8x
EV/EBITDA—
Dividend yield7.5%
Diluted EPS0.09

Where the revenue comes from as reported in the latest 10-K

Revenue by segment

  • Office Segment
  • Multifamily Segment
Revenue by segment, 2 categories over 3 years. The same figures are in the table below. FY2025 Office Segment, FY2025: 805.5M (80.2%) 80% Office Segment Multifamily Segment, FY2025: 198.5M (19.8%) 20% Multifamily Segment FY2024 Office Segment, FY2024: 796.4M (80.7%) 81% Multifamily Segment, FY2024: 190.1M (19.3%) 19% FY2023 Office Segment, FY2023: 829.9M (81.3%) 81% Multifamily Segment, FY2023: 190.5M (18.7%) 19%
Segment FY2025FY2024FY2023
Office Segment $805.5M $796.4M $829.9M
Multifamily Segment $198.5M $190.1M $190.5M

As the company reported it, from the “Segment Reporting - Schedule of Operating Activity Within Reportable Segments (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 0.090.13-0.260.550.370.282.090.680.580.57
EPS, diluted 0.090.13-0.260.550.370.282.090.680.580.55
Shares, diluted (wtd. avg.) 167.4M167.4M169.6M175.8M175.5M175.4M173.4M169.9M161.2M153.2M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -500M 0 500M 1B 1.5B Revenue, FY2016: 88.8M Net income, FY2016: 85.4M Revenue, FY2017: 96.2M Net income, FY2017: 94.4M Revenue, FY2018: 102.5M Net income, FY2018: 116.1M Revenue, FY2019: 108.7M Net income, FY2019: 363.7M Revenue, FY2020: 76.1M Gross profit, FY2020: 586.1M Net income, FY2020: 50.4M Revenue, FY2021: 918.4M Gross profit, FY2021: 615M Net income, FY2021: 56.1M Revenue, FY2022: 993.7M Gross profit, FY2022: 659.8M Net income, FY2022: 96.5M Revenue, FY2023: 1B Gross profit, FY2023: 658.9M Net income, FY2023: -75.8M Revenue, FY2024: 986.5M Gross profit, FY2024: 636.2M Net income, FY2024: 7.6M Revenue, FY2025: 1B Gross profit, FY2025: 636M Net income, FY2025: -11.4M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $88.8M $96.2M $102.5M $108.7M $76.1M $918.4M $993.7M $1.02B $986.5M $1.00B
Gross profit — — — — $586.1M $615.0M $659.8M $658.9M $636.2M $636.0M
Net income $85.4M $94.4M $116.1M $363.7M $50.4M $56.1M $96.5M -$75.8M $7.6M -$11.4M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Shareholder vote Item 5.07
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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