Douglas Emmett Inc (DEI)
Douglas Emmett, Inc. is a fully integrated, self-administered and self-managed real estate investment trust , and one of the largest owners and operators of high-quality office and multifamily properties located in the premier coastal submarkets of Los Angeles and Honolulu. Douglas Emmett focuses on owning and acquiring a substantial share of top-tier office properties and premier multifamily communities in neighborhoods that possess significant supply constraints, high-end executive housing and key lifestyle amenities. Douglas Emmett, Inc. was incorporated in 1971 in Maryland and is based in Santa Monica, California.
- Symbol
- DEI
- Exchange
- NYSE
- Sector
- Real Estate
- Industry
- REIT - Office
- Market cap
- $1.66B
- 52 week range
- 9.04 - 16.47
Valuation
- Share price
- $9.89 (close of 2026-09-23)
- P/E (TTM)
- -65.93x
- Price to book
- 0.47x
- Price to free cash flow
- 4.29x
- Enterprise value
- $7.03B
- Book value per share
- $20.99
Price performance
| Period | Change |
|---|
| 1 day | -5.00% |
| 5 days | -4.44% |
| 1 month | -16.12% |
| 3 months | -15.40% |
| 6 months | +4.88% |
| Year to date | -10.01% |
| 1 year | -38.53% |
| 3 years | -21.63% |
| 5 years | -69.85% |
| 10 years | -73.82% |
| All time | -58.50% |
Profitability and growth
- Return on equity
- 0.47%
- Return on assets
- 0.18%
- Gross margin
- 63.35%
- Net margin
- 1.62%
- EBITDA margin
- 41.36%
- Revenue growth
- 1.77%
- Net income growth
- -30.83%
- Free cash flow growth
- -5.34%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 23.30%
- Net debt to EBITDA
- 8.94x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $1.00B
- Gross profit
- $636.04M
- EBITDA
- $415.20M
- Net income
- $16.27M
- Earnings per share
- $0.09
- Shares outstanding
- 167.45M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $1.00B | $636.04M | $16.27M | $0.09 |
| 2024-12-31 | $986.48M | $636.22M | $23.52M | $0.13 |
| 2023-12-31 | $1.02B | $658.86M | $-42.71M | $-0.26 |
| 2022-12-31 | $84.90M | $659.83M | $97.14M | $0.55 |
| 2021-12-31 | $69.00M | $615.00M | $65.27M | $0.37 |
| 2020-12-31 | $76.10M | $586.11M | $50.42M | $0.28 |
| 2019-12-31 | $108.70M | - | $363.71M | $2.09 |
| 2018-12-31 | $102.50M | - | $116.09M | $0.68 |
| 2017-12-31 | $96.20M | - | $94.44M | $0.58 |
| 2016-12-31 | $88.80M | - | $85.40M | $0.57 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 63.35% | 1.62% | 0.47% | - |
| 2024-12-31 | 64.49% | 2.38% | 0.64% | - |
| 2023-12-31 | 64.56% | -4.18% | -1.11% | - |
| 2022-12-31 | 777.19% | 114.42% | 2.27% | - |
| 2021-12-31 | 891.30% | 94.59% | 1.64% | - |
| 2020-12-31 | 770.18% | 66.26% | 1.26% | - |
| 2019-12-31 | - | 334.60% | 8.32% | 2.74% |
| 2018-12-31 | - | 113.25% | 3.02% | 3.22% |
| 2017-12-31 | - | 98.17% | 2.42% | 3.07% |
| 2016-12-31 | - | 96.17% | 2.83% | 3.04% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $340.79M | $5.55B |
| 2024-12-31 | $444.62M | $5.50B |
| 2023-12-31 | $523.08M | $5.54B |
| 2022-12-31 | $268.84M | $5.19B |
| 2021-12-31 | $335.90M | $5.01B |
| 2020-12-31 | $172.38M | $4.74B |
| 2019-12-31 | $153.68M | $4.62B |
| 2018-12-31 | $146.23M | $4.13B |
| 2017-12-31 | $176.65M | $4.12B |
| 2016-12-31 | $112.93M | $4.37B |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $386.85M | $21.21M |
| 2024-12-31 | $408.69M | $21.04M |
| 2023-12-31 | $426.96M | $19.83M |
| 2022-12-31 | $496.89M | $21.02M |
| 2021-12-31 | $446.95M | $20.89M |
| 2020-12-31 | $420.22M | $21.36M |
| 2019-12-31 | $469.59M | $18.36M |
| 2018-12-31 | $432.98M | $22.30M |
| 2017-12-31 | $402.70M | $18.48M |
| 2016-12-31 | $339.45M | $17.45M |
Dividend history
- Most recent payment
- 2026-06-30
- Paid in the last twelve months
- $0.76
| Payment date | Dividend per share |
|---|
| 2026-06-30 | $0.19 |
| 2026-03-31 | $0.19 |
| 2025-12-31 | $0.19 |
| 2025-09-30 | $0.19 |
| 2025-06-30 | $0.19 |
| 2025-03-31 | $0.19 |
| 2024-12-31 | $0.19 |
| 2024-09-30 | $0.19 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-03
- Consensus EPS estimate
- $0.34
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-04 | Jun/2026 | $0.36 |
| 2026-05-05 | - | - |
| 2026-02-10 | - | - |
| 2025-11-04 | - | - |
| 2025-08-05 | - | - |
| 2025-05-06 | - | - |
| 2025-05-05 | - | - |
| 2025-02-04 | - | - |
Filings and sources
- Company website
- douglasemmett.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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