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.

Ticker: DEI
Exchange: NYSE
Sector: Real Estate
Industry: REIT - Office
Market cap: $2.09B
52-week range: $9.04 - $12.97

Valuation

Share price: $10.17 (close of Nov 6, 2026)
P/E (TTM): -78.23x
Price to book: 0.60x
Price to free cash flow: 5.70x
Enterprise value: $7.52B
Book value per share: $17.00

Price performance

Period	Change
1 day	-2.40%
5 days	+0.39%
1 month	+3.67%
3 months	-11.57%
6 months	-16.43%
Year to date	-7.46%
1 year	-15.04%
3 years	-19.41%
5 years	-71.51%
10 years	-71.34%
All time	-57.32%

Short interest

As of: Oct 15, 2026
Short % of float: 28.75%
Shares short: 31.99M
Days to cover: 14.75
Change since prior report: +1.62%
Source: FINRA consolidated short interest

Profitability and growth

Return on equity: 0.47%
Return on assets: 0.18%
Net margin: 1.62%
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): 17.54%
Net debt to EBITDA: 8.85x

Latest reported year

Period end: Dec 31, 2025
Fiscal year: 2025
Revenue: $1.00B
Net income: $16.27M
Earnings per share: $0.09
Interest expense: $266.68M
Shares outstanding: 167.45M

Income statement by year

Period end	Revenue	Net income	EPS
2025-12-31	$1.00B	$16.27M	$0.09
2024-12-31	$986.48M	$23.52M	$0.13
2023-12-31	$1.02B	-$42.71M	-$0.26
2022-12-31	$993.65M	$97.14M	$0.55
2021-12-31	$918.40M	$65.27M	$0.37
2020-12-31	$891.52M	$50.42M	$0.28
2019-12-31	$936.68M	$363.71M	$2.09
2018-12-31	$881.32M	$116.09M	$0.68
2017-12-31	$812.05M	$94.44M	$0.58
2016-12-31	$742.55M	$85.40M	$0.57

Margins and returns by year

Period end	Net margin	Return on equity
2025-12-31	1.62%	0.47%
2024-12-31	2.38%	0.64%
2023-12-31	-4.18%	-1.11%
2022-12-31	9.78%	2.27%
2021-12-31	7.11%	1.64%
2020-12-31	5.66%	1.26%
2019-12-31	38.83%	8.32%
2018-12-31	13.17%	3.02%
2017-12-31	11.63%	2.42%
2016-12-31	11.50%	2.83%

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: Sep 30, 2026
Paid in the last twelve months: $0.76

Payment date	Dividend per share
2026-09-30	$0.19
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

Investor relations

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-11-03	Sep 2026	$0.33
2026-08-04	Jun 2026	$0.36
2026-05-05	Mar 2026	$0.36
2026-02-10	Dec 2025	$0.35
2025-11-04	Sep 2025	$0.34
2025-08-05	Jun 2025	$0.37
2025-05-06	Mar 2025	$0.39
2025-02-04	Dec 2024	$0.37

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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