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Douglas Emmett, Inc.

DEI Real Estate Reit Office

Douglas Emmett, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.0 billion, up 1.77% from fiscal 2024.

Revenue
+4.10%
EPS
−85.1%
Free cash flow
+41.1%
Total debt
+3.03%

Quarter to September 2026, against a year earlier

10.17 0.25 −2.40%
Market cap
$1.8B
P/E
0.0×
Fwd P/E
−67.5×
Dividend yield
7.47%
F-score
4/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 1.00
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — 1 — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 3.50%

Capital & Financial Ratios $m

Size
Market Cap 1,750.00
Revenue ttm 1,017.80
Net income ttm (68.50)
Free cash flow ttm 64.40
Net debt Q 5,418.37
Valuation
P/E 0.00
Forward P/E (67.50) (negative: loss-making)
Price / sales 1.67
Forward P/S Powerpack
Price / FCF 26.45
Price / book 0.49
Financial health
Current ratio Q 2.01
Debt / equity Q 1.64
Interest coverage Q 0.65
Growth
Revenue growth Q +4.10% (above 0%: growing)
Operating income growth Q −0.16% (below 0%: shrinking)
EPS, this year −260.12% (below 0%: weak)
EPS, next year A −4.91% (below 0%: weak)
Revenue, next year A +1.79%
EPS, past 5 yrs −20.31% (below 0%: weak)
EPS, next 5 yrs A −9.84% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 7.0×, against a ten-year median of 10.8×; over the ten years it ranged from 6.8× in 2026 to 14.5× in 2016.
P/S against its own 10 years 2.20%
10-year low 10-year high
P/B against its own 10 years 3.96%
10-year low 10-year high
EV/Sales against its own 10 years 6.34%
10-year low 10-year high
EV/FCF against its own 10 years 83.50%
10-year low 10-year high

Dividends

Yield
7.47%
Annual rate
0.76
Payout ratio
—
Growth, 2017–25
−2.62%/yr
  1. 0.94 ’17
  2. 1.01 ’18 +7
  3. 1.06 ’19 +5
  4. 1.12 ’20 +6
  5. 1.12 ’21 +0
  6. 1.03 ’22 −8
  7. 0.76 ’23 −26
  8. 0.76 ’24 +0
  9. 0.76 ’25 +0
  10. 0.77 ’26e +1
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 523 445 341 311
Receivables 121 122 126 137
Inventory — — — —
Other — — — —
644 566 466 448
2023 2024 2025 Q'26
Payables 131 131 140 223
ST’ Debt — — — —
Other — — — —
131 131 140 223

Compound Annual Growth %

10y 5y 3y
Sales 4.67% 2.40% 0.35%
Cash Flow 3.61% (1.64%) (8.01%)
Earnings (12.00%) (20.25%) (44.71%)
Book Value 4.30% (2.76%) (6.68%)

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.33 Actual 0.34

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.35 0.35 Met by 0.00
Q1 FY26 0.36 0.37 Beat by 0.01
Q2 FY26 0.36 0.37 Beat by 0.01
Q3 FY26 0.33 0.34 Beat by 0.01
Q4 FY26 0.35 — Reports 9 February 2027

EPS $

Mar Jun Sep Dec Year
’26 (0.02) (0.02) (0.13) — —
’25 0.24 (0.04) (0.07) (0.04) 0.09
’24 0.05 0.06 0.03 (0.01) 0.13
’23 0.10 (0.04) (0.08) (0.24) (0.26)
’22 0.14 0.14 0.13 0.14 0.55
’21 0.06 0.09 0.10 0.11 0.37
’20 0.15 0.01 0.02 0.10 0.28
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 251 257 261 — —
’25 252 252 251 249 1,004
’24 245 246 251 245 986
’23 252 253 255 259 1,020
’22 239 247 254 254 994
’21 216 225 238 239 918
’20 251 208 217 215 892
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 117 96 — — —
’25 133 81 110 63 387
’24 139 92 104 74 409
’23 145 96 90 95 427
’22 139 116 126 115 497
’21 125 97 118 107 447
’20 154 83 120 63 420
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 42 12 — — —
’25 73 8 26 (15) 92
’24 81 42 56 (10) 169
’23 93 27 29 46 196
’22 90 (282) 70 49 (72)
’21 46 17 41 50 154
’20 95 14 48 (14) 143
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.9
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 743 812 881 937 892 918 994 1,020 986 1,004 1,018 +3.4% 1,022 1,049 1,076 +2.3%
Gross margin, % 67.97 68.22 68.13 68.17 65.74 66.96 66.40 64.56 64.49 63.35 62.62 (4.6) pt
EBT 96 104 129 419 39 56 97 (76) 8 (11) (69) n/m
EBT margin, % 12.94 12.86 14.59 44.70 4.32 6.11 9.72 (7.43) 0.77 (1.14) (6.78) (14.1) pt
Net income 96 104 129 419 39 56 97 (76) 8 (11) (68) n/m
Per share, $
Per share, $ Revenue 4.97 5.05 5.19 5.40 5.08 5.23 5.65 6.02 5.89 6.00 6.08 +2.1%
Earnings 0.57 0.58 0.68 2.09 0.28 0.37 0.55 (0.26) 0.13 0.09 (0.21) (18.5%)
Cash flow 2.27 2.50 2.55 2.71 2.40 2.55 2.83 2.52 2.44 2.31 0.00 +0.2%
Capex (9.32) (4.41) (1.46) (3.48) (1.58) (1.67) (3.24) (1.36) (1.43) (1.76) 0.00 (16.9%)
Free cash flow (7.04) (1.90) 1.09 (0.78) 0.82 0.88 (0.41) 1.16 1.01 0.55 0.00 n/m
Book value 20.19 24.25 22.65 25.21 22.78 22.72 24.33 22.67 21.85 20.75 20.88 +0.3%
Shares, m 149 161 170 173 175 175 176 170 167 167 167 +1.3%
Valuation, ×
Valuation, × P/E 64.47 72.07 49.46 21.11 104.21 93.06 27.67 0.00 142.77 122.11 0.00 69.7
P/S 7.39 8.14 6.58 8.12 5.74 6.40 2.69 2.47 3.15 1.83 1.67 5.3
P/B 1.82 1.69 1.51 1.74 1.28 1.47 0.63 0.65 0.85 0.53 0.49 1.2
EV/Sales 13.12 12.99 11.10 12.89 10.87 11.49 7.65 7.39 8.27 7.02 7.00 10.3
EV/FCF (9.26) (34.44) 52.77 (89.84) 67.63 68.60 (105.97) 38.39 48.20 76.62 110.59 11.3
Cash, $m
Cash, $m Operating cash flow 339 403 433 470 420 447 497 427 409 387 386 +1.5%
Capex (1,391) (709) (248) (604) (277) (293) (569) (231) (239) (295) (322) (15.8%)
Free cash flow (1,052) (306) 185 (134) 143 154 (72) 196 169 92 64 n/m
Balance, $m
Balance, $m Working capital 133 182 145 163 162 319 250 513 435 326 225 +10.5%
Net debt 4,257 3,941 3,988 4,465 4,573 4,676 4,923 5,020 5,053 5,208 5,418 +2.3%
Shareholders’ equity 3,014 3,902 3,848 4,371 3,996 3,987 4,276 3,845 3,658 3,475 3,497 +1.6%
Returns, %
Returns, % ROA 1.25 1.19 1.40 4.11 0.54 0.69 1.01 (0.44) 0.25 0.17 (0.23) (1.1) pt
ROIC 1.90 1.92 2.01 1.72 1.18 1.45 1.64 1.06 1.48 1.37 1.34 (0.5) pt
ROE 3.23 2.73 2.98 8.81 1.21 1.61 2.33 (1.05) 0.63 0.46 (0.63) (2.8) pt
People
People Employees 600 600 670 713 700 700 750 750 770 778 — +2.9%
Revenue/emp, $m 1.24 1.35 1.32 1.31 1.27 1.31 1.32 1.36 1.28 1.29 — +0.5%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Douglas Emmett, Inc. vs peers in Reit Office (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
CUZ Cousins Properties Incorporated $4.9B 317× 137× +4.47% (above 0%: growing) +106.60% (above 0%: growing) +232.54% (above 0%: growing) 69.13% 25.47% Compare
KRC Kilroy Realty Corporation $4.3B 149× 135× −2.91% (below 0%: shrinking) −90.15% (below 0%: shrinking) −73.05% (below 0%: shrinking) 62.78% 21.70% Compare
SLG SL Green Realty Corporation $3.9B — (loss-making) 123× +11.52% (above 0%: growing) +188.57% (above 0%: growing) +7,443.12% (above 0%: growing) 44.79% 6.38% Compare
HIW Highwoods Properties, Inc. $3.5B 18.4× 18.1× +8.13% (above 0%: growing) +157.42% (above 0%: growing) +289.74% (above 0%: growing) 67.18% 26.24% Compare
DEI Douglas Emmett, Inc. $1.8B — (loss-making) — (loss-making) +4.10% (above 0%: growing) n/m +41.06% (above 0%: growing) 61.41% 18.15%
PDM Piedmont Realty Trust, Inc. $1.2B — (loss-making) — (loss-making) +8.68% (above 0%: growing) n/m −4,096.18% (below 0%: shrinking) 60.31% 14.53% Compare
DEA Easterly Government Properties, Inc. $1.1B 72.3× 78.4× +8.66% (above 0%: growing) +337.82% (above 0%: growing) −79.62% (below 0%: shrinking) 65.93% 25.59% Compare
PSTL Postal Realty Trust, Inc. $847.0M 34.6× 31.0× +24.47% (above 0%: growing) +77.00% (above 0%: growing) +36.44% (above 0%: growing) 79.22% 39.31% Compare
BDN Brandywine Realty Trust $540.7M — (loss-making) — (loss-making) +3.48% (above 0%: growing) n/m +526.19% (above 0%: growing) 58.53% 37.51% Compare
Median of peers $2.4B 72.3× 101× +8.40% +132.01% +134.49% 64.36% 25.53%

All 19 Reit Office stocks →

Pay and ownership Proxy statement filed 17 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 9.01m 3.49m 48.00
2024 9.08m 12.46m 53.00
2023 8.24m 9.21m 40.00
2022 8.65m 4.40m 40.00
2021 9.07m 12.46m 82.00
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

Douglas Emmett, Inc. (DEI) Latest News

5 Nov

Impact 3 · · The Motley Fool transcript
Impact 3 · · MarketBeat transcript
Impact 3 · · GuruFocus.com

8 Oct

Impact 3 · · Simply Wall St.

11 Aug

Impact 3 · · The Motley Fool transcript

8 Aug

Impact 4 ·

6 Aug

Impact 3 · · MarketBeat transcript

5 Aug

Impact 3 ·
Impact 3 · · Moby transcript

4 Aug

Impact 3 ·

12 May

Impact 3 · · Simply Wall St.

9 May

Impact 4 · · MarketBeat

6 May

Impact 4 · · Moby

5 May

Impact 4 · · Zacks
Impact 4 · · Business Wire
Impact 3 · · Zacks

29 Apr

Impact 3 · · Simply Wall St.

14 Apr

Impact 4 · · Business Wire

11 Apr

Impact 4 · · Simply Wall St.

26 Feb

Impact 4 · · Simply Wall St.

11 Feb

Impact 4 · transcript
Impact 4 · · Moby
Impact 3 · · MarketBeat transcript
Impact 3 · · The Motley Fool transcript
Impact 3 · · Simply Wall St.
Impact 3 · · Simply Wall St.

10 Feb

Impact 3 · · ZacksMT NewswiresSimply Wall St.ZacksZacksZacksZacksZacks
Impact 3 · · Zacks
Impact 3 · · Business WireMT NewswiresSimply Wall St.GuruFocus.comBarchartMotley FoolMotley FoolGuruFocus.com
Impact 3 · · Associated Press Finance
stockrow.com/DEI · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com