Douglas Emmett Inc
Business
Douglas Emmett Inc is a fully integrated, self-administered and self-managed REIT that owns and operates high-quality office and multifamily properties in premier coastal submarkets. The company's portfolio consists of approximately 18.0 million square feet of office space and 5,445 multifamily apartment units located primarily in Los Angeles (including Beverly Hills, Brentwood, Century City, Santa Monica, and Westwood) and Honolulu, Hawaii. Douglas Emmett operates through two business segments: office and multifamily real estate, providing property rental, tenant services including parking and storage, and comprehensive property management.
Summary from 10-K filed 2026-02-20
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Total revenues | 1,004 | 986 | 1,020 | 994 | 918 | |
| General and administrative expenses | 47 | 45 | 49 | 45 | 43 | |
| Depreciation and amortization | 399 | 384 | 460 | 373 | 371 | |
| Total operating expenses | 814 | 780 | 871 | 752 | 717 | |
| Other income | 18 | 28 | 20 | 5 | 2 | |
| Other expenses | −437,000 | −398,000 | −1 | −714,000 | −937,000 | |
| Income (loss) from unconsolidated Fund | 0 | 3 | −35 | 1 | 946,000 | |
| Interest expense | −267 | −229 | −209 | −150 | — | |
| Gain from consolidation of JV | 47 | 0 | 0 | — | 0 | |
| Net (loss) income | −11 | 8 | −76 | 97 | 56 | |
| Net loss attributable to noncontrolling interests | 28 | 16 | 33 | 605,000 | 9 | |
| Net income (loss) attributable to common stockholders | 16 | 24 | −43 | 97 | 65 | |
| Net income (loss) per common share - basic (usd per share) | 0.09 | 0.13 | −0.26 | 0.55 | 0.37 | |
| Net income (loss) per common share diluted (usd per share) | 0.09 | 0.13 | −0.26 | 0.55 | 0.37 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Investment in real estate, gross | 12,798 | 12,495 | 12,406 | 12,293 | 11,819 | |
| Less: accumulated depreciation and amortization | −4,055 | −3,917 | −3,653 | −3,299 | −3,029 | |
| Investment in real estate, net | 8,743 | 8,579 | 8,753 | 8,994 | 8,790 | |
| Ground lease right-of-use asset | 7 | 7 | 7 | 7 | 7 | |
| Cash and cash equivalents | 341 | 445 | 523 | 269 | 336 | |
| Tenant receivables | 2 | 4 | 6 | 7 | 13 | |
| Deferred rent receivables | 124 | 118 | 115 | 115 | 115 | |
| Acquired lease intangible assets, net | 5 | 2 | 3 | 4 | 4 | |
| Interest rate contract assets | 22 | 78 | 171 | 270 | 15 | |
| Investment in unconsolidated Fund | 0 | 24 | 16 | 48 | 47 | |
| Other assets | 44 | 147 | 49 | 34 | 26 | |
| Total Assets | 9,288 | 9,404 | 9,644 | 9,747 | 9,354 | |
| Secured notes payable, net | 5,549 | 5,498 | 5,543 | 5,192 | 5,012 | |
| Ground lease liability | 11 | 11 | 11 | 11 | 11 | |
| Interest payable, accounts payable and deferred revenue | 140 | 131 | 131 | 141 | 145 | |
| Security deposits | 67 | 62 | 62 | 61 | 55 | |
| Acquired lease intangible liabilities, net | 8 | 11 | 20 | 31 | 25 | |
| Interest rate contract liabilities | 6 | 0 | 0 | 2 | 70 | |
| Dividends payable | 32 | 32 | 32 | 33 | 49 | |
| Total Liabilities | 5,813 | 5,745 | 5,799 | 5,472 | 5,367 | |
| Common Stock, $0.01 par value, 750,000,000 authorized, 167,462,215 and 167,435,259 outstanding at December 31, 2025 and December 31, 2024, respectively | 2 | 2 | 2 | 2 | 2 | |
| Additional paid-in capital | 3,397 | 3,396 | 3,393 | 3,493 | 3,489 | |
| Accumulated other comprehensive income | 11 | 55 | 116 | 187 | −39 | |
| Accumulated deficit | −1,505 | −1,394 | −1,291 | −1,120 | −1,036 | |
| Total Douglas Emmett, Inc. stockholders' equity | 1,905 | 2,059 | 2,220 | 2,562 | 2,416 | |
| Noncontrolling interests | 1,570 | 1,600 | 1,626 | 1,713 | 1,570 | |
| Total Equity | 3,475 | 3,658 | 3,845 | 4,276 | 3,987 | |
| Total Liabilities and Equity | 9,288 | 9,404 | 9,644 | 9,747 | 9,354 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net accretion of acquired lease intangibles | −5 | −8 | −11 | −11 | −10 | |
| Straight-line rent | −6 | −2 | −342,000 | 169,000 | 1 | |
| Loan premium/discount amortized/accreted and written off | 336,000 | −333,000 | −460,000 | −460,000 | −460,000 | |
| Deferred loan costs amortized and written off | 12 | 9 | 9 | 8 | 11 | |
| Amortization of stock-based compensation | 21 | 21 | 20 | 21 | 21 | |
| Operating distributions from unconsolidated Fund | 0 | 1 | 1 | 1 | 943,000 | |
| Purchase of interest rate caps | 0 | 0 | −2 | 0 | 0 | |
| Tenant receivables | 2 | 2 | 783,000 | 6 | 5 | |
| Interest payable, accounts payable and deferred revenue | 11 | −4,000 | 6 | −1 | −3 | |
| Security deposits | 3 | 491,000 | 529,000 | 5 | −962,000 | |
| Other assets | 7 | −4 | −16 | 447,000 | −5 | |
| Net cash provided by operating activities | 387 | 409 | 427 | 497 | 447 | |
| Capital expenditures for improvements to real estate | −192 | −167 | −189 | −162 | −108 | |
| Capital expenditures for developments and purchase of note receivable secured by real estate | −102 | −72 | −41 | −76 | — | |
| Insurance recoveries for damage to real estate | 4 | 4 | 2 | 6 | 3 | |
| Cash assumed from consolidation of JV | 26 | 0 | 0 | — | 0 | |
| Acquisition of additional interests in unconsolidated Fund | 0 | −5 | −5 | 0 | 0 | |
| Capital distributions from unconsolidated Fund | 0 | 269,000 | 80,000 | 2 | 1 | |
| Net cash used in investing activities | −265 | −241 | −234 | −561 | −289 | |
| Proceeds from borrowings | 1,323 | 325 | 505 | 245 | 1,345 | |
| Repayment of borrowings | −1,366 | −435 | −156 | −71 | −1,076 | |
| Loan cost payments | −31 | −6 | −6 | −2 | −12 | |
| Contributions from noncontrolling interests in consolidated JVs | 5 | 28 | 125,000 | 81 | 0 | |
| Distributions paid to noncontrolling interests | −28 | −32 | −41 | −59 | −55 | |
| Dividends paid to common stockholders | −127 | −127 | −130 | −197 | −197 | |
| Repurchases of OP Units | −351,000 | −138,000 | −2 | −337,000 | −122,000 | |
| Repurchases of common stock | 0 | 0 | −109 | 0 | 0 | |
| Net cash (used in) provided by financing activities | −225 | −246 | 61 | −3 | 5 | |
| (Decrease) increase in cash and cash equivalents and restricted cash | −104 | −79 | 254 | −67 | 163 | |
| Cash paid for interest, net of capitalized interest | 237 | 220 | 196 | 141 | 137 | |
| Capitalized interest paid | 11 | 9 | 1 | 9 | 9 | |
| Accrual for real estate and development capital expenditures | 17 | 16 | 17 | 34 | 38 | |
| Capitalized stock-based compensation for improvements to real estate and developments | 6 | 6 | 6 | 5 | 6 | |
| Removal of fully depreciated and amortized buildings, building improvements, tenant improvements and lease intangibles | 253 | 114 | 102 | 100 | 157 | |
| Removal of fully amortized acquired lease intangible assets | 2 | 203,000 | 427,000 | 1 | 442,000 | |
| Removal of fully accreted acquired lease intangible liabilities | 10 | 13 | 17 | 12 | 24 | |
| Gain recorded in AOCI | −8 | 48 | 45 | 326 | 83 | |
| Dividends declared | 127 | 127 | 128 | 181 | — | |
| Exchange of OP Units for common stock | 379,000 | 4 | 8 | 5 | 1 | |
| Seller financing of note receivable purchase | 0 | 62 | 0 | 0 | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Douglas Emmett Inc's CIK number?
Douglas Emmett Inc's SEC CIK number is 0001364250 (1364250). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Douglas Emmett Inc's SEC filings?
All of Douglas Emmett Inc's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Douglas Emmett Inc last report earnings?
Douglas Emmett Inc (DEI) most recently filed an earnings 8-K with the SEC on May 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001364250-26-000026). This is Douglas Emmett Inc's most recent earnings filing of record — not a forecast of its next earnings date.
What is Douglas Emmett Inc's most recent earnings 8-K?
Douglas Emmett Inc's latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0001364250-26-000026. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Douglas Emmett Inc's latest earnings 8-K →
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