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Douglas Emmett Inc Financials

DEI
Trailing 12 months to June 30, 2026
Revenue $1.0B +0.8% YoY
Net Income -$22.9M -160.7% YoY
EPS (Diluted) -$0.15 -168.2% YoY
Free Cash Flow Not reported for the trailing 12 months
Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

Douglas Emmett Inc (DEI) reported $1.0B in revenue over the twelve months to Jun 30, 2026, up 0.8% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI DEI FY2025

Rising financing costs are absorbing a stable asset-revenue base while leverage climbs and cash generation gradually weakens.

Between FY2022 and FY2025, gross margin narrowed from 66.4% to 63.4% while revenue remained broadly stable, pointing to margin pressure rather than a demand-driven contraction. Meanwhile, interest expense rose from $150M to $267M, making financing a larger claim on a thinner operating spread.

In FY2025, operating cash flow of $387M was far above net income of $16M; heavy depreciation means reported earnings are a poor standalone read on the asset base's cash economics. That cash measure was lower than in FY2022, indicating weaker cash production despite broadly stable revenue.

Debt-to-equity rose from 2.0x to 2.9x between FY2022 and FY2025, making the capital structure more leveraged. Total equity fell from $2.6B to $1.9B while long-term debt increased, so the deterioration reflects a shrinking equity cushion alongside persistent borrowing.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

FFO Margin FFOGrowth Leverage Interest Cov. AFFOMargin DividendCov. 44 / 100
Financial Health Score 44/100
Scored as: REITs peer group

Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Douglas Emmett Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

FFO Margin
66
FFO Growth
35
Leverage
0

Not available for Douglas Emmett Inc, and counted as zero in the overall score.

Interest Cov.
0

Not available for Douglas Emmett Inc, and counted as zero in the overall score.

AFFO Margin
69
Dividend Cov.
91
Piotroski F-Score Partial
4/8

Douglas Emmett Inc passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed
N/A

Douglas Emmett Inc reported $16.3M of net income while generating $386.9M in operating cash flow. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead.

Key Financial Metrics

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Earnings & Revenue

Revenue
$1.0B
YoY+1.8%
5Y CAGR+2.4%
10Y CAGR+4.7%

Douglas Emmett Inc generated $1.0B in revenue in fiscal year 2025. This represents an increase of 1.8% from the prior year.

Net Income
$16.3M
YoY-30.8%
5Y CAGR-20.2%
10Y CAGR-12.0%

Douglas Emmett Inc reported $16.3M in net income in fiscal year 2025. This represents a decrease of 30.8% from the prior year.

EPS (Diluted)
$0.09
YoY-30.8%
5Y CAGR-20.3%
10Y CAGR-13.6%

Douglas Emmett Inc earned $0.09 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 30.8% from the prior year.

EBITDA

Not reported for fiscal year 2025.

Cash & Balance Sheet

Cash & Debt
$340.8M
YoY-23.4%
5Y CAGR+14.6%
10Y CAGR+12.8%

Douglas Emmett Inc held $340.8M in cash against $5.5B in long-term debt as of fiscal year 2025.

Dividends Per Share
$0.76
YoY0.0%
5Y CAGR-7.5%
10Y CAGR-1.1%

Douglas Emmett Inc paid $0.76 per share in dividends in fiscal year 2025. That is unchanged from the prior year.

Shares Outstanding
167M
YoY0.0%
5Y CAGR-0.9%
10Y CAGR+1.3%

Douglas Emmett Inc had 167M shares outstanding in fiscal year 2025. That is unchanged from the prior year.

Free Cash Flow

Not reported for fiscal year 2025.

Margins & Returns

Gross Margin
63.3%
YoY-1.1pp
5Y CAGR-2.4pp

Douglas Emmett Inc's gross margin was 63.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.1 percentage points from the prior year.

Net Margin
1.6%
YoY-0.8pp
5Y CAGR-4.0pp
10Y CAGR-7.6pp

Douglas Emmett Inc's net profit margin was 1.6% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.8 percentage points from the prior year.

Return on Equity
0.9%
YoY-0.3pp
5Y CAGR-1.2pp
10Y CAGR-2.2pp

Douglas Emmett Inc's ROE was 0.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.3 percentage points from the prior year.

Operating Margin

Not reported for fiscal year 2025.

Capital Allocation

Share Buybacks
$0

Douglas Emmett Inc repurchased no shares in fiscal year 2025.

R&D Spending

Not reported for fiscal year 2025.

Capital Expenditures

Not reported for fiscal year 2025.

DEI Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

DEI quarterly income statement
MetricQ2'26Q1'26Q4'25Q3'25Q2'25Q1'25Q4'24Q3'24
Revenue$256.5M+2.2%$251.0M+0.6%$249.4M-0.5%$250.6M-0.7%$252.4M+0.4%$251.5M+2.7%$245.0M-2.3%$250.8M
Gross Profit$162.1M+1.4%$159.9M+3.1%$155.1M-2.7%$159.4M-0.2%$159.6M-1.4%$161.9M+4.0%$155.7M-0.2%$156.0M
SG&A Expenses$12.5M-8.1%$13.6M+11.7%$12.2M+12.8%$10.8M-12.3%$12.3M+7.2%$11.5M-6.0%$12.2M+20.6%$10.1M
Interest Expense$68.3M+5.8%$64.5M-5.7%$68.5M-6.0%$72.8M+11.4%$65.3M+8.8%$60.1M-3.6%$62.3M+9.7%$56.8M
Net Income-$2.7M-7.3%-$2.5M+63.5%-$6.8M+36.9%-$10.9M-86.0%-$5.8M-114.7%$39.8M+4582.0%-$888K-119.2%$4.6M
EPS (Diluted)-$0.020.0%-$0.02+50.0%-$0.04+42.9%-$0.07-75.0%-$0.04-116.7%$0.24-$0.01$0.03

Not reported in any period shown, so not listed: Cost of Revenue, R&D Expenses, Operating Income, Income Tax.

DEI Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

DEI quarterly balance sheet
MetricQ2'26Q1'26Q4'25Q3'25Q2'25Q1'25Q4'24Q3'24
Total Assets$9.6B+2.7%$9.3B+0.2%$9.3B-1.0%$9.4B-0.5%$9.4B-1.5%$9.6B+1.9%$9.4B-0.5%$9.5B
Cash & Equivalents$355.0M-0.6%$357.2M+4.8%$340.8M-16.6%$408.5M-4.3%$426.9M-18.8%$525.7M+18.2%$444.6M-18.3%$544.2M
Accounts Receivable$3.9M-10.5%$4.4M+119.8%$2.0M-38.2%$3.2M+83.3%$1.8M-53.3%$3.8M-11.3%$4.2M-3.0%$4.4M
Total Liabilities$6.0B+2.8%$5.9B+1.0%$5.8B-0.8%$5.9B+0.3%$5.8B-1.4%$5.9B+3.1%$5.7B-0.8%$5.8B
Long-Term Debt$5.7B+2.8%$5.6B+0.3%$5.5B-0.2%$5.6B0.0%$5.6B-1.3%$5.6B+2.5%$5.5B-0.3%$5.5B
Total Equity$1.8B-1.8%$1.9B-1.7%$1.9B-2.2%$1.9B-2.5%$2.0B-2.3%$2.0B-0.6%$2.1B-1.5%$2.1B
Retained Earnings-$1.6B-2.2%-$1.5B-2.3%-$1.5B-2.6%-$1.5B-3.0%-$1.4B-2.7%-$1.4B+0.6%-$1.4B-2.4%-$1.4B

Not reported in any period shown, so not listed: Current Assets, Inventory, Goodwill, Current Liabilities.

DEI Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

DEI quarterly cash flow statement
MetricQ2'26Q1'26Q4'25Q3'25Q2'25Q1'25Q4'24Q3'24
Operating Cash Flow$96.1M-17.8%$116.9M+85.2%$63.2M-42.5%$109.8M+35.0%$81.3M-38.7%$132.6M+79.0%$74.1M-28.5%$103.7M
Investing Cash Flow-$338.5M-352.4%-$74.8M+2.1%-$76.4M+8.8%-$83.8M-17.6%-$71.2M-109.8%-$33.9M+59.7%-$84.2M-81.7%-$46.3M
Financing Cash Flow$240.0M+1035.4%-$25.7M+52.9%-$54.5M-22.7%-$44.4M+59.2%-$108.9M-518.1%-$17.6M+80.3%-$89.5M-20.5%-$74.3M
Dividends Paid$31.8M0.0%$31.8M0.0%$31.8M0.0%$31.8M0.0%$31.8M0.0%$31.8M0.0%$31.8M0.0%$31.8M
Share BuybacksN/AN/AN/AN/AN/AN/A$0$0

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.

DEI Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

DEI quarterly financial ratios
MetricQ2'26Q1'26Q4'25Q3'25Q2'25Q1'25Q4'24Q3'24
Gross Margin63.2%-0.5pp63.7%+1.6pp62.2%-1.4pp63.6%+0.4pp63.2%-1.1pp64.4%+0.8pp63.5%+1.3pp62.2%
Net Margin-1.1%-0.1pp-1.0%+1.7pp-2.7%+1.6pp-4.3%-2.0pp-2.3%-18.1pp15.8%+16.2pp-0.4%-2.2pp1.8%
Return on Equity-0.1%0.0pp-0.1%+0.2pp-0.4%+0.2pp-0.6%-0.3pp-0.3%-2.2pp1.9%+2.0pp0.0%-0.3pp0.2%
Return on Assets0.0%0.0pp0.0%0.0pp-0.1%0.0pp-0.1%-0.1pp-0.1%-0.5pp0.4%+0.4pp0.0%-0.1pp0.1%
Debt-to-Equity3.11+0.1x2.97+0.1x2.91+0.1x2.85+0.1x2.780.0x2.75+0.1x2.670.0x2.64

Not reported in any period shown, so not listed: Operating Margin, Current Ratio, FCF Margin.

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Frequently Asked Questions

What is Douglas Emmett Inc's annual revenue?

Douglas Emmett Inc (DEI) reported $1.0B in total revenue for fiscal year 2025. This represents a 1.8% 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 grew by 1.8% year-over-year, from $986.5M to $1.0B in fiscal year 2025.

Is Douglas Emmett Inc profitable?

Yes, Douglas Emmett Inc (DEI) reported a net income of $16.3M in fiscal year 2025, with a net profit margin of 1.6%.

Douglas Emmett Inc (DEI) reported diluted earnings per share of $0.09 for fiscal year 2025. This represents a -30.8% 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.

As of fiscal year 2025, Douglas Emmett Inc (DEI) had $340.8M in cash and equivalents against $5.5B in long-term debt.

Douglas Emmett Inc (DEI) had a gross margin of 63.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Douglas Emmett Inc (DEI) had a net profit margin of 1.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, Douglas Emmett Inc (DEI) paid $0.76 per share in dividends during fiscal year 2025.

Douglas Emmett Inc (DEI) has a return on equity of 0.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Douglas Emmett Inc (DEI) generated $386.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Douglas Emmett Inc (DEI) had $9.3B in total assets as of fiscal year 2025, including both current and long-term assets.

Douglas Emmett Inc (DEI) had 167M shares outstanding as of fiscal year 2025.

Douglas Emmett Inc (DEI) had a debt-to-equity ratio of 2.91 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Douglas Emmett Inc (DEI) had a return on assets of 0.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Douglas Emmett Inc (DEI) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Douglas Emmett Inc (DEI) reported $16.3M of net income while generating $386.9M in operating cash flow. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead. 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.

Douglas Emmett Inc (DEI) scores 44 out of 100 on our Financial Health Score, indicating moderate standing within its REITs peer group. The score is a 0-100 composite of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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