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. In the quarter to June 2026, revenue grew 1.63%, EPS grew 50.0%, free cash flow grew 41.1% and total debt rose 2.87%, each against the same quarter a year earlier. Dividend growth for three consecutive years; insiders bought in the last twelve months.

9.76 0.16 +1.67%
Market cap
$1.6B
P/E
0.0×
Fwd P/E
−90.0×
Dividend yield
7.79%
F-score
4/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Insider Decisions trades per month

Total buys 1.49
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy 1 — — 1 — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 3.50%

Capital & Financial Ratios $m

Market Cap 1,610.00
Revenue 1,007.52
Net Income (68.50)
Free Cash Flow 64.40
Net Debt 5,367.60
Current Ratio 2.60
Debt/Equity 1.63
P/E ratio 0.00
Fwd P/E (90.00) (negative: loss-making)
P/S ratio 1.62
P/B ratio 0.47
Past 5Y EPS Growth (20.31%) (below 0%: weak)
This Y EPS Growth (244.56%) (below 0%: weak)
Next Y EPS Growth 0.71%
Next Y revenue growth 1.70%
Next 5Y EPS Growth (9.84%) (below 0%: weak)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/S against its own 10 years 1.03%
10-year low 10-year high
P/B against its own 10 years 1.22%
10-year low 10-year high
EV/Sales against its own 10 years 4.50%
10-year low 10-year high
EV/FCF against its own 10 years 79.95%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate 0.76
Annual Dividend Yield 7.79%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 0.77
0.19
0.19
0.19
2025 0.76
0.19
0.19
0.19
0.19
2024 0.76
0.19
0.19
0.19
0.19
2023 0.76
0.19
0.19
0.19
0.19
2022 1.03
0.28
0.28
0.28
0.19
2021 1.12
0.28
0.28
0.28
0.28
2020 1.12
0.28
0.28
0.28
0.28
2019 1.06
0.26
0.26
0.26
0.28
2018 1.01
0.25
0.25
0.25
0.26
2017 0.94
0.23
0.23
0.23
0.25
2016 0.89
0.22
0.22
0.22
0.23
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 523 445 341 355
Receivables 121 122 126 134
Inventory — — — —
Other — — — —
644 566 466 489
2023 2024 2025 Q'26
Payables 131 131 140 188
ST’ Debt — — — —
Other — — — —
131 131 140 188

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%)

Revenue $m

Mar Jun Sep Dec Year
’26 251 257 — — —
’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.

EPS $

Mar Jun Sep Dec Year
’26 (0.02) (0.02) — — —
’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.

Target Price Range

Analyst price targets

Recommendation Rating

2.9
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 24.73 35.98 32.32 32.65 22.88 26.45 15.08 10.09 12.36 10.92

Analyst estimates 2026–2028

Powerpack
High 39.25 41.59 41.55 45.08 45.59 36.97 36.97 17.98 20.50 19.02
People
People Employees 600 600 670 713 700 700 750 750 770 778
Revenue/emp, $m 1.24 1.35 1.32 1.31 1.27 1.31 1.32 1.36 1.28 1.29
Income, $m
Income, $m Revenue 743 812 881 937 892 918 994 1,020 986 1,004
Gross margin, % 67.97 68.22 68.13 68.17 65.74 66.96 66.40 64.56 64.49 63.35
EBT 96 104 129 419 39 56 97 (76) 8 (11)
EBT margin, % 12.94 12.86 14.59 44.70 4.32 6.11 9.72 (7.43) 0.77 (1.14)
Net income 96 104 129 419 39 56 97 (76) 8 (11)
Depreciation 240 270 296 356 375 372 369 457 385 406
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
Earnings 0.57 0.58 0.68 2.09 0.28 0.37 0.55 (0.26) 0.13 0.09
Cash flow 2.27 2.50 2.55 2.71 2.40 2.55 2.83 2.52 2.44 2.31
Capex (9.32) (4.41) (1.46) (3.48) (1.58) (1.67) (3.24) (1.36) (1.43) (1.76)
Free cash flow (7.04) (1.90) 1.09 (0.78) 0.82 0.88 (0.41) 1.16 1.01 0.55
Book value 20.19 24.25 22.65 25.21 22.78 22.72 24.33 22.67 21.85 20.75
Shares, m 149 161 170 173 175 175 176 170 167 167
Valuation, ×
Valuation, × P/E 64.47 72.07 49.46 21.11 104.21 93.06 27.67 0.00 142.77 122.11
P/S 7.39 8.14 6.58 8.12 5.74 6.40 2.69 2.47 3.15 1.83
P/B 1.82 1.69 1.51 1.74 1.28 1.47 0.63 0.65 0.85 0.53
EV/Sales 13.12 12.99 11.10 12.89 10.87 11.49 7.65 7.39 8.27 7.02
EV/FCF (9.26) (34.44) 52.77 (89.84) 67.63 68.60 (105.97) 38.39 48.20 76.62
Cash, $m
Cash, $m Operating cash flow 339 403 433 470 420 447 497 427 409 387
Capex (1,391) (709) (248) (604) (277) (293) (569) (231) (239) (295)
Free cash flow (1,052) (306) 185 (134) 143 154 (72) 196 169 92
Balance, $m
Balance, $m Working capital 133 182 145 163 162 319 250 513 435 326
Total debt 4,370 4,117 4,134 4,619 4,745 5,012 5,192 5,543 5,498 5,549
Net debt 4,257 3,941 3,988 4,465 4,573 4,676 4,923 5,020 5,053 5,208
Shareholders’ equity 3,014 3,902 3,848 4,371 3,996 3,987 4,276 3,845 3,658 3,475
Returns, %
Returns, % ROA 1.25 1.19 1.40 4.11 0.54 0.69 1.01 (0.44) 0.25 0.17
ROIC 1.90 1.92 2.01 1.72 1.18 1.45 1.64 1.06 1.48 1.37
ROE 3.23 2.73 2.98 8.81 1.21 1.61 2.33 (1.05) 0.63 0.46
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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 $4.5B 691× 145× +11.83% (above 0%: growing) +77.78% (above 0%: growing) +811.42% (above 0%: growing) 68.47% 24.85% Compare
KRC Kilroy Realty Corporation $4.1B 24.4× 155× −6.04% (below 0%: shrinking) −70.69% (below 0%: shrinking) −83.18% (below 0%: shrinking) 65.29% 23.99% Compare
SLG SL Green Realty Corporation $3.6B — (loss-making) — (loss-making) +9.13% (above 0%: growing) n/m +7,443.12% (above 0%: growing) 48.82% 7.84% Compare
HIW Highwoods Properties, Inc. $3.2B 19.3× 31.1× +7.87% (above 0%: growing) +400.00% (above 0%: growing) +364.51% (above 0%: growing) 67.58% 26.47% Compare
DEI Douglas Emmett, Inc. $1.6B — (loss-making) — (loss-making) +1.63% (above 0%: growing) n/m +41.06% (above 0%: growing) 63.19% 19.62%
PDM Piedmont Realty Trust, Inc. $1.1B — (loss-making) — (loss-making) +2.73% (above 0%: growing) n/m −9.08% (below 0%: shrinking) 61.15% 14.29% Compare
DEA Easterly Government Properties, Inc. $1.0B 100× 133× +9.71% (above 0%: growing) −33.33% (below 0%: shrinking) +106.84% (above 0%: growing) 68.54% 23.79% Compare
PSTL Postal Realty Trust, Inc. $776.1M 40.7× 36.4× +22.40% (above 0%: growing) +25.00% (above 0%: growing) +45.98% (above 0%: growing) 79.73% 39.49% Compare
HPP Hudson Pacific Properties, Inc. $619.7M — (loss-making) — (loss-making) −0.90% (below 0%: shrinking) n/m −100.77% (below 0%: shrinking) 44.94% (5.05%) Compare
Median of peers $2.2B 40.7× 133× +8.50% +25.00% +76.41% 66.44% 23.89%

All 18 Reit Office stocks →

Douglas Emmett, Inc. (DEI) key facts

  • Concern: Douglas Emmett, Inc. reported a net loss of $11.4 million, or a loss of $0.09 per share, for fiscal 2025.
  • Strength: Douglas Emmett, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.0 billion, up 1.77% from fiscal 2024.
  • Douglas Emmett, Inc. (DEI) is a Reit Office company in the Real Estate sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, DEI traded at $9.76, a market capitalization of $1.6 billion.
  • Trailing earnings are negative, so a P/E ratio is not meaningful; the stock trades at 1.6× sales.
  • Douglas Emmett, Inc. pays an annual dividend of $0.76 per share, a yield of 7.79%.
  • Return on equity was 0.46% and debt-to-equity 1.63.
  • Its Piotroski F-score is 4 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Douglas Emmett, Inc. (DEI) Latest News

11 Aug

6 Aug

Impact 3 · transcript

9 May

stockrow.com/DEI · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com