DEI · NYSE · REIT - Office

Douglas Emmett (DEI)

Landlord of Class A offices and apartments in Los Angeles and Honolulu.

$10.34
vs last close−0.07 (−0.72%)
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Douglas Emmett, Inc.DEI
Real Estate

Owns and manages Class A offices and apartment communities in supply-constrained Los Angeles and Honolulu submarkets, earning rent plus parking, storage, and tenant-service income. Office is the larger segment, and an in-house operating platform supports leasing, property management, design, and construction.

Owns, develops, and manages Class A office buildings and apartment communities in supply-constrained Los Angeles and Honolulu submarkets. Rental income comes from office space and apartments, plus parking, storage, and related tenant services. Medical offices belong to the office segment, while joint ventures extend the portfolio alongside institutional capital.

Uses concentrated local scale and in-house leasing, property management, design, and construction to serve a broad base of smaller office tenants. Office remains the larger segment, tying results closely to leasing demand and workplace patterns; apartments add a second rental stream subject to local rent-control rules. All properties remain concentrated in Los Angeles County and Honolulu, while REIT status depends on federal income, asset, ownership, and distribution requirements.

Company facts

CEOJordan L. Kaplan
ListedOct 25, 2006
ExchangeNYSE
HeadquartersSanta Monica, CA
CountryUnited States
Employees778
CIK0001364250
ISINUS25960P1093

Market cap$1.74B
EPS (ttm)−$0.1366
P/E (ttm)−76.21
ROE-1.2%
P/B0.9483
P/S1.73
Dividend yieldDiv yield7.30%
Beta0.68vs XLRE 0.86

Price target$13.50+29.7%Average of 33 analysts
ConsensusHold22 of 33 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Jul 21, 2026ScotiabankReiterate
Rating: Target: $12
Rating: Sector PerformTarget: $13
Jun 8, 2026Evercore ISITarget
Target: $12
Target: $14
May 21, 2026ScotiabankReiterate
Rating: Target: $12.50
Rating: Sector PerformTarget: $12
Feb 17, 2026Piper SandlerReiterate
Rating: Target: $14
Rating: NeutralTarget: $11
Feb 11, 2026Evercore ISITarget
Target: $16
Target: $12

Next report
Nov 3, 26
in 42 days
EPS estimate
−$0.04
Revenue estimate
$255.9M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported−$0.01$0.24−$0.04−$0.06−$0.04−$0.01−$0.02Pending
Estimate−$0.06−$0.02−$0.06−$0.06−$0.05−$0.05−$0.03−$0.04
Surprise+87.7%+1,142.1%+35.3%−5.0%+26.9%+68.2%+27.2%

RevenueReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$245.0M$251.5M$252.4M$250.6M$249.4M$251.0M$256.5MPending
Estimate$245.4M$246.3M$251.4M$252.7M$252.3M$251.1M$253.4M$255.9M
Surprise−0.2%+2.1%+0.4%−0.8%−1.1%−0.1%+1.3%
Estimate−$0.04
ReportedDue Nov 3, 2026
Estimate$255.9M
ReportedDue Nov 3, 2026
View details

Debt to equity312.50%
Current ratio212.80%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$250.8M$245.0M$251.5M$252.4M$250.6M$249.4M$251.0M$256.5M
Net income$4.6M−$888.0K$39.8M−$5.8M−$10.9M−$6.8M−$2.5M−$2.7M
Net margin1.8%0.0%15.8%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$48.7M$47.9M$52.6M$45.6M$47.4M$44.8M$48.9M$50.3M
YoY growth−67.7%−59.0%−3.5%−18.0%−2.6%−6.5%−7.0%+10.3%

Balance sheet, Jun 30, 2026Cash & short-term investments $355.0M · Total debt $5.75B · Total assets $9.55B · Shareholders' equity $1.84B

Revenue
$256.5M
Operating income
$50.3M
Net income
−$2.7M
View details

Dividend yield
7.30%
Next ex-date
Sep 30, 26
in 8 days
Annual dividend
$0.76
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yieldUpcoming

Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26Sep '26
Dividend$0.19$0.19$0.19$0.19$0.19$0.19$0.19$0.19
Annual yield4.09%4.75%5.05%4.88%6.92%8.07%6.44%7.33%
Ex-dateDec 31Mar 31Jun 30Sep 30Dec 31Mar 31Jun 30Sep 30
Payment dateJan 15Apr 15Jul 15Oct 15Jan 15Apr 15Jul 15Oct 15
View details

Institutions107.31%179.73M shares
290 holders · as of Jun 30, 2026
Insiders0.03%42.1K shares
1 holder · as of Nov 18, 2025
Strategic holders5.35%8.95M shares
1 holder · as of Nov 17, 2022
Adds to112.69%

167.49M company shares as of Aug 28, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

These groups come from separate filings that can overlap, so they add to 112.69%; nothing is left for Other.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BlackRock, Inc.Institution
14.56%24.39Mas of Jun 30, 2026
Vanguard Portfolio Management LLCInstitution
9.80%16.42Mas of Jun 30, 2026
First Eagle Investment Management, LLCInstitution
8.33%13.96Mas of Jun 30, 2026
State Street CorpInstitution
5.65%9.46Mas of Jun 30, 2026
Norges Bank (The Central Bank of Norway)Strategic
5.35%8.95Mfiled Nov 17, 2022

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Feb 13, 2026Jordan L. Kaplandirector, officer: Chairman and CEO+98,000$10.18
Nov 14, 2025Michele L. Aronsonofficer: EVP, GEN COUNSEL & SECRETARY+7,500$11.75
Nov 17, 2025Michele L. Aronsonofficer: EVP, GEN COUNSEL & SECRETARY+34,626$11.68
View details

Compare

CompanyPriceChange
Douglas Emmett$10.34−0.72%$1.74B1.7+1.6%
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BXP$63.59−0.85%$10.23B34.531.02.9+3.1%
Equity Residential$62.05+1.12%$23.01B26.940.17.3+2.1%
Essex Property Trust$274.67+1.21%$17.44B42.245.59.1+4.1%
Median30.742.83.7+2.1%