Douglas Emmett Inc Financials

DEI

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Piotroski F-Score Neutral

4/9

Douglas Emmett Inc passes 4 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Cash-Backed

17.38x

For every $1 of reported earnings, Douglas Emmett Inc generates $17.38 in operating cash flow ($408.7M OCF vs $23.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

This page shows Douglas Emmett Inc (DEI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$986.5M

YoY-3.3%

5Y CAGR+1.0%

10Y CAGR+5.1%

Douglas Emmett Inc generated $986.5M in revenue in fiscal year 2024. This represents a decrease of 3.3% from the prior year.

EBITDA

N/A

Free Cash Flow

N/A

Net Income

$23.5M

YoY+155.1%

5Y CAGR-42.2%

10Y CAGR-6.2%

Douglas Emmett Inc reported $23.5M in net income in fiscal year 2024. This represents an increase of 155.1% from the prior year.

EPS (Diluted)

$0.13

YoY+150.0%

5Y CAGR-42.6%

10Y CAGR-8.0%

Douglas Emmett Inc earned $0.13 per diluted share (EPS) in fiscal year 2024. This represents an increase of 150.0% from the prior year.

Cash & Debt

$444.6M

YoY-15.0%

5Y CAGR+23.7%

10Y CAGR+37.2%

Douglas Emmett Inc held $444.6M in cash against $5.5B in long-term debt as of fiscal year 2024.

Dividends Per Share

$0.76

YoY+0.0%

5Y CAGR-6.4%

10Y CAGR-0.6%

Douglas Emmett Inc paid $0.76 per share in dividends in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Shares Outstanding

167M

YoY+0.1%

5Y CAGR-0.9%

10Y CAGR+1.5%

Douglas Emmett Inc had 167M shares outstanding in fiscal year 2024. This represents an increase of 0.1% from the prior year.

Gross Margin

64.5%

YoY-0.1pp

Douglas Emmett Inc's gross margin was 64.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 0.1 percentage points from the prior year.

Operating Margin

N/A

Net Margin

2.4%

YoY+6.6pp

5Y CAGR-36.4pp

10Y CAGR-5.1pp

Douglas Emmett Inc's net profit margin was 2.4% in fiscal year 2024, showing the share of revenue converted to profit. This is up 6.6 percentage points from the prior year.

Return on Equity

1.1%

5Y CAGR-12.3pp

10Y CAGR-1.2pp

Douglas Emmett Inc's ROE was 1.1% in fiscal year 2024, measuring profit generated per dollar of shareholder equity.

R&D Spending

N/A

Share Buybacks

YoY-100.0%

Douglas Emmett Inc spent $0 on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.

Capital Expenditures

N/A

DEI Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$986.5M-3.3%	$1.0B+2.7%	$993.7M+8.2%	$918.4M+3.0%	$891.5M-4.8%	$936.7M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	$636.2M-3.4%	$658.9M-0.1%	$659.8M+7.3%	$615.0M+4.9%	$586.1M	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$45.4M-7.9%	$49.2M+8.4%	$45.4M+6.7%	$42.6M+7.5%	$39.6M+4.0%	$38.1M
Operating Income	N/A	N/A	N/A	N/A	N/A	$242.7M
Interest Expense	$229.4M+9.5%	$209.5M+39.5%	$150.2M+1.8%	$147.5M+3.2%	$142.9M-0.3%	$143.3M
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	$23.5M+155.1%	-$42.7M-144.0%	$97.1M+48.8%	$65.3M+29.4%	$50.4M-86.1%	$363.7M
EPS (Diluted)	$0.13+150.0%	$-0.26-147.3%	$0.55+48.6%	$0.37+32.1%	$0.28-86.6%	$2.09

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$250.6M-0.7%	$252.4M+0.4%	$251.5M+2.7%	$245.0M-0.3%	$245.8M+0.3%	$245.0M-5.5%	$259.3M+1.5%	$255.4M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	$159.4M-0.2%	$159.6M-1.4%	$161.9M+4.0%	$155.7M-4.3%	$162.7M+0.5%	$161.9M-3.8%	$168.4M+3.0%	$163.5M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$10.8M-12.3%	$12.3M+7.2%	$11.5M-6.0%	$12.2M+6.1%	$11.5M-0.7%	$11.6M-20.4%	$14.5M+13.3%	$12.8M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$72.8M+11.4%	$65.3M+8.8%	$60.1M-3.6%	$62.3M+13.4%	$55.0M-0.7%	$55.3M-4.0%	$57.6M+2.8%	$56.0M
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$10.9M-86.0%	-$5.8M-114.7%	$39.8M+4582.0%	-$888K-108.2%	$10.9M+22.1%	$8.9M+122.0%	-$40.5M-202.8%	-$13.4M
EPS (Diluted)	$-0.07-75.0%	$-0.04-116.7%	$0.24+2500.0%	$-0.01-116.7%	$0.06+20.0%	$0.05+120.8%	$-0.24-200.0%	$-0.08

DEI Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$9.4B-2.5%	$9.6B-1.1%	$9.7B+4.2%	$9.4B+1.1%	$9.3B-1.1%	$9.3B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$444.6M-15.0%	$523.1M+94.6%	$268.8M-20.0%	$335.9M+94.9%	$172.4M+12.2%	$153.7M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$4.2M-30.4%	$6.1M-11.4%	$6.9M-47.6%	$13.1M-28.0%	$18.2M+243.8%	$5.3M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$5.7B-0.9%	$5.8B+6.0%	$5.5B+1.9%	$5.4B+2.1%	$5.3B+5.6%	$5.0B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$5.5B-0.8%	$5.5B+6.8%	$5.2B+3.6%	$5.0B+5.6%	$4.7B+2.7%	$4.6B
Total Equity	$2.1B-7.3%	$2.2B-13.4%	$2.6B+6.1%	$2.4B-0.9%	$2.4B-10.1%	$2.7B
Retained Earnings	-$1.4B-8.0%	-$1.3B-15.3%	-$1.1B-8.1%	-$1.0B-14.5%	-$904.5M-19.2%	-$758.6M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$9.4B-0.5%	$9.4B-1.5%	$9.6B+1.9%	$9.4B-1.7%	$9.6B-0.8%	$9.6B-0.1%	$9.6B-2.1%	$9.8B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$408.5M-4.3%	$426.9M-18.8%	$525.7M+18.2%	$444.6M-20.8%	$561.1M+0.8%	$556.7M+6.4%	$523.1M-0.6%	$526.2M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$3.2M+83.3%	$1.8M-53.3%	$3.8M-11.3%	$4.2M-20.6%	$5.3M-7.6%	$5.8M-5.1%	$6.1M-28.7%	$8.6M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$5.9B+0.3%	$5.8B-1.4%	$5.9B+3.1%	$5.7B-1.0%	$5.8B-0.3%	$5.8B+0.4%	$5.8B-0.7%	$5.8B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$5.6B0.0%	$5.6B-1.3%	$5.6B+2.5%	$5.5B-0.9%	$5.5B0.0%	$5.5B0.0%	$5.5B0.0%	$5.5B
Total Equity	$1.9B-2.5%	$2.0B-2.3%	$2.0B-0.6%	$2.1B-4.9%	$2.2B-1.8%	$2.2B-0.8%	$2.2B-5.0%	$2.3B
Retained Earnings	-$1.5B-3.0%	-$1.4B-2.7%	-$1.4B+0.6%	-$1.4B-4.5%	-$1.3B-1.6%	-$1.3B-1.8%	-$1.3B-5.9%	-$1.2B

DEI Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$408.7M-4.3%	$427.0M-14.1%	$496.9M+11.2%	$447.0M+6.4%	$420.2M-10.5%	$469.6M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$240.8M-3.1%	-$233.6M+58.4%	-$561.0M-94.3%	-$288.7M-8.9%	-$265.2M+59.2%	-$649.7M
Financing Cash Flow	-$246.5M-504.9%	$60.9M+2127.0%	-$3.0M-157.2%	$5.2M+103.8%	-$136.3M-172.7%	$187.5M
Dividends Paid	$127.2M-2.1%	$129.9M-34.0%	$196.8M+0.1%	$196.5M+0.1%	$196.3M+9.3%	$179.7M
Share Buybacks	$0-100.0%	$109.2M	$0	$0	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$109.8M+35.0%	$81.3M-38.7%	$132.6M+79.0%	$74.1M-19.3%	$91.9M-33.9%	$139.0M+46.7%	$94.8M+4.7%	$90.5M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$83.8M-17.6%	-$71.2M-109.8%	-$33.9M+59.7%	-$84.2M-76.2%	-$47.8M+23.5%	-$62.4M-17.3%	-$53.2M+11.9%	-$60.4M
Financing Cash Flow	-$44.4M+59.2%	-$108.9M-518.1%	-$17.6M+80.3%	-$89.5M-125.5%	-$39.7M+7.6%	-$43.0M+3.8%	-$44.7M-119.2%	$233.0M
Dividends Paid	$31.8M0.0%	$31.8M0.0%	$31.8M0.0%	$31.8M0.0%	$31.8M+0.1%	$31.8M+0.3%	$31.7M0.0%	$31.7M
Share Buybacks	N/A	N/A	N/A	$0	$0	$0	$0	$0

DEI Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	64.5%-0.1pp	64.6%-1.8pp	66.4%-0.6pp	67.0%+1.2pp	65.7%	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	25.9%
Net Margin	2.4%+6.6pp	-4.2%-14.0pp	9.8%+2.7pp	7.1%+1.4pp	5.7%-33.2pp	38.8%
Return on Equity	1.1%	N/A	3.8%+1.1pp	2.7%+0.6pp	2.1%-11.3pp	13.4%
Return on Assets	0.3%+0.7pp	-0.4%-1.4pp	1.0%+0.3pp	0.7%+0.2pp	0.5%-3.3pp	3.9%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	2.67+0.2	2.50+0.5	2.03-0.0	2.07+0.1	1.95+0.2	1.70
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	63.6%+0.4pp	63.2%-1.1pp	64.4%+0.8pp	63.5%-2.7pp	66.2%+0.1pp	66.1%+1.2pp	64.9%+0.9pp	64.0%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-4.3%-2.0pp	-2.3%-18.1pp	15.8%+16.2pp	-0.4%-4.8pp	4.4%+0.8pp	3.6%+19.2pp	-15.6%-10.4pp	-5.2%
Return on Equity	N/A	N/A	1.9%+1.7pp	0.2%-0.3pp	0.5%+0.1pp	0.4%	N/A	N/A
Return on Assets	-0.1%-0.1pp	-0.1%-0.5pp	0.4%+0.4pp	-0.0%-0.1pp	0.1%+0.0pp	0.1%+0.5pp	-0.4%-0.3pp	-0.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	2.85+0.1	2.78+0.0	2.75+0.1	2.67+0.1	2.56+0.0	2.52+0.0	2.50+0.1	2.37
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Douglas Emmett Inc's annual revenue?

Douglas Emmett Inc (DEI) reported $986.5M in total revenue for fiscal year 2024. This represents a -3.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Douglas Emmett Inc's revenue growing?

Douglas Emmett Inc (DEI) revenue declined by 3.3% year-over-year, from $1.0B to $986.5M in fiscal year 2024.

Is Douglas Emmett Inc profitable?

Yes, Douglas Emmett Inc (DEI) reported a net income of $23.5M in fiscal year 2024, with a net profit margin of 2.4%.

What is Douglas Emmett Inc's earnings per share (EPS)?

Douglas Emmett Inc (DEI) reported diluted earnings per share of $0.13 for fiscal year 2024. This represents a 150.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

How much debt does Douglas Emmett Inc have?

As of fiscal year 2024, Douglas Emmett Inc (DEI) had $444.6M in cash and equivalents against $5.5B in long-term debt.

What is Douglas Emmett Inc's gross margin?

Douglas Emmett Inc (DEI) had a gross margin of 64.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Douglas Emmett Inc's net profit margin?

Douglas Emmett Inc (DEI) had a net profit margin of 2.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Douglas Emmett Inc pay dividends?

Yes, Douglas Emmett Inc (DEI) paid $0.76 per share in dividends during fiscal year 2024.

What is Douglas Emmett Inc's return on equity (ROE)?

Douglas Emmett Inc (DEI) has a return on equity of 1.1% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Douglas Emmett Inc's operating cash flow?

Douglas Emmett Inc (DEI) generated $408.7M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Douglas Emmett Inc's total assets?

Douglas Emmett Inc (DEI) had $9.4B in total assets as of fiscal year 2024, including both current and long-term assets.

How many shares does Douglas Emmett Inc have outstanding?

Douglas Emmett Inc (DEI) had 167M shares outstanding as of fiscal year 2024.

What is Douglas Emmett Inc's debt-to-equity ratio?

Douglas Emmett Inc (DEI) had a debt-to-equity ratio of 2.67 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Douglas Emmett Inc's return on assets (ROA)?

Douglas Emmett Inc (DEI) had a return on assets of 0.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Douglas Emmett Inc's Piotroski F-Score?

Douglas Emmett Inc (DEI) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Douglas Emmett Inc's earnings high quality?

Douglas Emmett Inc (DEI) has an earnings quality ratio of 17.38x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.