Douglas Emmett Inc Earnings Per Share Disclosure
| Year Ended December 31, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| Numerator (In thousands): | |||||||||||||||||
| Net income (loss) attributable to common stockholders | $ | 16,267 | $ | 23,517 | $ | (42,706) | |||||||||||
| Allocation to participating securities: Unvested LTIP Units | (1,468) | (1,377) | (1,191) | ||||||||||||||
| Net income (loss) attributable to common stockholders - basic and diluted | $ | 14,799 | $ | 22,140 | $ | (43,897) | |||||||||||
| Denominator (In thousands): | |||||||||||||||||
Weighted average shares of common stock outstanding - basic and diluted(1) | 167,449 | 167,389 | 169,597 | ||||||||||||||
| Net income (loss) per common share - basic and diluted | $ | 0.09 | $ | 0.13 | $ | (0.26) | |||||||||||
| Year Ended December 31, | |||||||||||||||||
| (In thousands) | 2025 | 2024 | 2023 | ||||||||||||||
| OP Units | 32,832 | 31,452 | 30,931 | ||||||||||||||
| Vested LTIP Units | 2,702 | 2,237 | 1,585 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 20, 2026 | Showing above |
| 2024 | Feb 14, 2025 | |
| 2023 | Feb 16, 2024 | |
| 2022 | Feb 17, 2023 | |
| 2021 | Feb 18, 2022 | |
| 2020 | Feb 22, 2021 | |
| 2017 | Feb 16, 2018 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.