A Business at a Glance
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Douglas Emmett Inc
DEI
$2.0B
Mkt Cap
$12.28
+1.24%
Douglas Emmett Inc (DEI) has a current P/E ratio of 136.4, compared to its historical median P/E of 44.9. The stock is currently considered Expensive based on its historical valuation range.
Douglas Emmett Inc (DEI) has a 5-year average return on invested capital (ROIC) of 3.2%. This is below average and may indicate limited pricing power.
Douglas Emmett Inc (DEI) has a market capitalization of $2.0B. It is classified as a mid-cap stock.
Yes, Douglas Emmett Inc (DEI) pays a dividend with a trailing twelve-month yield of 6.30%.
Based on historical P/E analysis, Douglas Emmett Inc (DEI) appears expensive. The current P/E of 136.4 is 204% above its historical median of 44.9. The estimated fair value CAGR (P/E method) is -30.4%.
Douglas Emmett Inc (DEI) operates in the Real Estate Investment Trusts industry, within the Real Estate sector.
Douglas Emmett Inc (DEI) reported annual revenue of $1.0 billion in its most recent fiscal year, based on SEC EDGAR filings.
Douglas Emmett, Inc. is a fully integrated, self-administered and self-managed REIT. We are one of the largest owners and operators of high-quality office and multifamily properties located in premier coastal submarkets in Los Angeles and Honolulu. Through our interest in our Operating Partnership, its subsidiaries, and our consolidated JVs, we focus on owning, acquiring, developing and managing a substantial market share of top-tier office properties and premier multifamily communities in neighborhoods with significant supply constraints, high-end executive housing and key lifestyle amenities. Our properties are located in the Beverly Hills, Brentwood, Burbank, Century City, Olympic Corridor, Santa Monica, Sherman Oaks/Encino, Warner Center/Woodland Hills and Westwood submarkets of Los Angeles County, California, and in Honolulu, Hawaii.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.0B | 1.0B | 986M | 1.0B | 994M | 918M |
| Net Income | 15M | 15M | 22M | -44M | 96M | 64M |
| EPS | $0.09 | $0.09 | $0.13 | $-0.26 | $0.55 | $0.37 |
| Free Cash Flow | 194M | 194M | 241M | 238M | 335M | 338M |
| ROIC | 4.0% | 4.0% | 3.5% | 2.2% | 3.4% | 3.0% |
| Gross Margin | 23.6% | 23.6% | 25.6% | 19.5% | 28.9% | 26.5% |
| Debt/Equity | 2.91 | 2.91 | 2.67 | 2.50 | 2.03 | 2.07 |
| Dividends/Share | $0.77 | $0.76 | $0.76 | $0.76 | $1.03 | $1.12 |
| Operating Income | 281M | 281M | 252M | 166M | 246M | 212M |
| Operating Margin | 28.0% | 28.0% | 25.5% | 16.2% | 24.8% | 23.1% |
| ROE | 0.8% | 0.7% | 1.0% | -1.8% | 3.9% | 2.7% |
| Shares Outstanding | 164M | 164M | 170M | 169M | 175M | 174M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 600M | 636M | 743M | 812M | 881M | 937M | 892M | 918M | 994M | 1.0B | 986M | 1.0B | 1.0B |
| Gross Margin | N/A | N/A | N/A | 52.0% | 48.1% | 45.3% | 22.5% | 26.5% | 28.9% | 19.5% | 25.6% | 23.6% | 23.6% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 27M | 30M | 35M | 36M | 39M | 38M | 40M | 43M | 45M | 49M | 45M | 47M | 47M |
| EBIT | 168M | 190M | 221M | 241M | 252M | 243M | 193M | 212M | 246M | 166M | 252M | 281M | 281M |
| Op. Margin | 28.0% | 29.8% | 29.7% | 29.7% | 28.6% | 25.9% | 21.7% | 23.1% | 24.8% | 16.2% | 25.5% | 28.0% | 28.0% |
| Net Income | 45M | 58M | 85M | 94M | 116M | 364M | 50M | 64M | 96M | -44M | 22M | 15M | 15M |
| Net Margin | 7.4% | 9.2% | 11.5% | 11.6% | 13.2% | 38.8% | 5.7% | 7.0% | 9.7% | -4.3% | 2.2% | 1.5% | 1.5% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 3.2% | 3.5% | 3.8% | 3.8% | 3.9% | 3.6% | 2.7% | 3.0% | 3.4% | 2.2% | 3.5% | 4.0% | 4.0% |
| ROE | 2.3% | 3.0% | 4.4% | 4.3% | 4.8% | 14.2% | 2.0% | 2.7% | 3.9% | -1.8% | 1.0% | 0.7% | 0.8% |
| ROA | 0.8% | 1.0% | 1.2% | 1.2% | 1.4% | 4.1% | 0.5% | 0.7% | 1.0% | -0.5% | 0.2% | 0.2% | 0.2% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 247M | 271M | 339M | 403M | 433M | 470M | 420M | 447M | 497M | 427M | 409M | 387M | 387M |
| Free Cash Flow | 162M | 196M | 248M | 294M | 254M | 293M | 277M | 338M | 335M | 238M | 241M | 194M | 194M |
| Owner Earnings | 30M | 51M | 73M | 107M | 101M | 93M | 14M | 55M | 103M | -53M | 3.6M | -33M | -33M |
| CapEx | 84M | 76M | 92M | 108M | 179M | 176M | 143M | 108M | 162M | 189M | 167M | 192M | 192M |
| Maint. CapEx | 203M | 205M | 249M | 277M | 310M | 358M | 385M | 371M | 373M | 460M | 384M | 399M | 399M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 203M | 205M | 249M | 277M | 310M | 358M | 385M | 371M | 373M | 460M | 384M | 399M | 399M |
| CapEx/OCF | 0.4% | 0.6% | 2.1% | 0.9% | 5.7% | 7.5% | 8.8% | 8.5% | 6.8% | 3.9% | 3.9% | 4.3% | 49.7% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 115M | 123M | 131M | 146M | 170M | 180M | 196M | 197M | 197M | 130M | 127M | 127M | 127M |
| Dividend Yield | 4.4% | 4.2% | 3.7% | 3.3% | 3.7% | 3.4% | 4.5% | 4.4% | 5.5% | 6.7% | 5.3% | 5.4% | 6.3% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 109M | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 5.0% | N/A | N/A | 0.0% |
| Stock-Based Comp | 14M | 15M | 17M | 18M | 22M | 18M | 21M | 21M | 21M | 20M | 21M | 21M | 21M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 3.4B | 3.5B | 4.3B | 3.9B | 4.0B | 4.5B | 4.6B | 4.7B | 4.9B | 5.0B | 5.1B | 5.2B | 5.2B |
| Cash & Equiv. | 19M | 102M | 113M | 177M | 146M | 154M | 172M | 336M | 269M | 523M | 445M | 341M | 341M |
| Long-Term Debt | 3.4B | 3.6B | 4.4B | 4.1B | 4.1B | 4.6B | 4.7B | 5.0B | 5.2B | 5.5B | 5.5B | 5.5B | 5.5B |
| Debt/Equity | 1.76 | 1.87 | 2.27 | 1.69 | 1.72 | 1.70 | 1.95 | 2.07 | 2.03 | 2.50 | 2.67 | 2.91 | 2.91 |
| Interest Coverage | 1.3 | 1.4 | 1.5 | 1.7 | 1.9 | 1.7 | 1.4 | 1.4 | 1.6 | 0.8 | 1.1 | 1.1 | 1.1 |
| Equity | 1.9B | 1.9B | 1.9B | 2.4B | 2.4B | 2.7B | 2.4B | 2.4B | 2.6B | 2.2B | 2.1B | 1.9B | 1.9B |
| Total Assets | 5.9B | 6.1B | 7.6B | 8.3B | 8.3B | 9.3B | 9.3B | 9.4B | 9.7B | 9.6B | 9.4B | 9.3B | 9.3B |
| Total Liabilities | 3.6B | 3.8B | 4.6B | 4.4B | 4.4B | 5.0B | 5.3B | 5.4B | 5.5B | 5.8B | 5.7B | 5.8B | 5.8B |
| Intangibles | 3.5M | 4.5M | 5.1M | 4.3M | 3.3M | 6.4M | 5.1M | 4.2M | 3.5M | 3.0M | 2.5M | 4.7M | 4.7M |
| Retained Earnings | -707M | -773M | -821M | -880M | -936M | -759M | -905M | -1.0B | -1.1B | -1.3B | -1.4B | -1.5B | -1.5B |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 0.30 | 0.39 | 0.55 | 0.58 | 0.68 | 2.09 | 0.28 | 0.37 | 0.55 | -0.26 | 0.13 | 0.09 | 0.09 |
| Owner EPS | 0.20 | 0.34 | 0.47 | 0.66 | 0.59 | 0.54 | 0.08 | 0.31 | 0.59 | -0.31 | 0.02 | -0.20 | -0.20 |
| Book Value | 13.07 | 12.87 | 12.37 | 14.97 | 14.07 | 15.58 | 13.53 | 13.88 | 14.64 | 13.15 | 12.09 | 11.58 | 11.58 |
| Cash Flow/Share | 1.66 | 1.81 | 2.19 | 2.47 | 2.54 | 2.70 | 2.33 | 2.57 | 2.84 | 2.53 | 2.40 | 2.35 | 2.52 |
| Dividends/Share | 0.81 | 0.85 | 0.89 | 0.94 | 1.01 | 1.06 | 1.12 | 1.12 | 1.03 | 0.76 | 0.76 | 0.76 | 0.77 |
| Shares Out. | 148.7M | 149.7M | 155.3M | 162.8M | 170.7M | 174.0M | 180.1M | 174.0M | 175.0M | 168.8M | 170.3M | 164.4M | 164.4M |
| Valuation | |||||||||||||
| P/E Ratio | 63.1 | 53.8 | 44.9 | 50.5 | 36.4 | 15.7 | 81.9 | 73.0 | 23.4 | N/A | 134.4 | 122.3 | 136.4 |
| P/FCF | 17.4 | 15.9 | 15.5 | 16.2 | 16.7 | 19.4 | 14.9 | 13.9 | 6.7 | 9.5 | 12.3 | 9.3 | 10.4 |
| EV/EBIT | 36.9 | 34.6 | 36.1 | 35.4 | 32.0 | 19.7 | 523.8 | 42.8 | 28.0 | 341.0 | 277.3 | 380.5 | 25.7 |
| Price/Book | 1.4 | 1.6 | 2.0 | 2.0 | 1.8 | 2.1 | 1.7 | 2.0 | 0.9 | 1.0 | 1.5 | 1.0 | 1.1 |
| Price/Sales | 4.4 | 4.7 | 4.8 | 5.5 | 5.2 | 5.6 | 4.8 | 5.0 | 3.6 | 1.8 | 2.6 | 2.6 | 2.0 |
| FCF Yield | 5.8% | 6.2% | 6.5% | 6.2% | 6.0% | 5.1% | 6.7% | 7.1% | 14.7% | 10.8% | 7.6% | 9.8% | 9.6% |
| Market Cap | 2.8B | 3.1B | 3.8B | 4.8B | 4.2B | 5.7B | 4.1B | 4.8B | 2.3B | 2.2B | 3.2B | 2.0B | 2.0B |
| Avg. Price | 17.67 | 19.56 | 23.05 | 27.30 | 27.07 | 30.26 | 23.98 | 25.95 | 20.34 | 11.49 | 14.14 | 14.40 | 12.28 |
| Year-End Price | 18.94 | 20.76 | 24.68 | 29.31 | 24.78 | 32.74 | 22.95 | 26.99 | 12.88 | 13.38 | 17.47 | 11.01 | 12.28 |
Douglas Emmett Inc passes 1 of 9 quality checks, indicating weak fundamentals.
Douglas Emmett Inc trades at 136.4x trailing earnings, compared to its 15-year median P/E of 44.9x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 5.6x vs a median of 14.4x. The company's 5-year average ROIC is 3.2% with a gross margin of 24.8%. Total shareholder yield (dividends) is 6.3%. At current prices, the estimated annualized return to fair value is +0.4%.
Douglas Emmett Inc (DEI) has a net profit margin of 1.5%. This is a modest margin.
Douglas Emmett Inc (DEI) generated $194 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Douglas Emmett Inc (DEI) has a debt-to-equity ratio of 2.91. This indicates higher leverage, which may increase financial risk.
Douglas Emmett Inc (DEI) reported earnings per share (EPS) of $0.09 in its most recent fiscal year.
Douglas Emmett Inc (DEI) has a return on equity (ROE) of 0.7%. This indicates moderate shareholder returns.
Douglas Emmett Inc (DEI) has a 5-year average gross margin of 24.8%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 16 years of financial data for Douglas Emmett Inc (DEI), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Douglas Emmett Inc (DEI) has a book value per share of $11.58, based on its most recent annual SEC filing.