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

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.

Douglas Emmett Inc Financials

DEI

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

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).

Rhea AI DEI FY2025 2026-05-08

Cash generation is being translated poorly into net profit as rising interest costs absorb an asset-heavy business’s earnings.

From FY2023 through FY2025, operating cash flow held between $387M and $427M. At the same time, net income moved from -$42.7M in FY2023 to just $16.3M in FY2025, which points to depreciation and interest burden, not revenue instability, as the main reason accounting profit looks thin.

The business has looked almost stationary at the gross-profit level: revenue returned to roughly $1.0B in FY2025, yet gross margin eased to 63.4%, leaving little evidence that scale is widening the operating cushion. Because overhead stayed fairly contained, the squeeze appears to be happening after gross profit rather than from runaway administrative costs.

The balance sheet is leaning more on creditors: debt-to-equity rose from 2.0x in FY2022 to 2.9x in FY2025 as equity kept shrinking. Cash of $341M sits against $5.55B of long-term debt, so a meaningful share of operating cash has to support financing capacity rather than simply accumulate.

Financial Health Signals

Financial Health Score 42/100

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

FFO Growth

AFFO Margin

Dividend Cov.

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

23.78x

For every $1 of reported earnings, Douglas Emmett Inc generates $23.78 in operating cash flow ($386.9M OCF vs $16.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

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.

EBITDA

N/A

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.

Cash & Balance Sheet

Free Cash Flow

N/A

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

YoY+0.0%

5Y CAGR-7.5%

10Y CAGR-1.1%

Douglas Emmett Inc paid $0.76 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Shares Outstanding

167M

YoY+0.0%

5Y CAGR-0.9%

10Y CAGR+1.3%

Douglas Emmett Inc had 167M shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.

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.

Operating Margin

N/A

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.

Capital Allocation

R&D Spending

N/A

Share Buybacks

Douglas Emmett Inc spent $0 on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

N/A

DEI Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$1.0B+1.8%	$986.5M-3.3%	$1.0B+2.7%	$993.7M+8.2%	$918.4M+3.0%	$891.5M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	$636.0M0.0%	$636.2M-3.4%	$658.9M-0.1%	$659.8M+7.3%	$615.0M+4.9%	$586.1M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$46.7M+2.9%	$45.4M-7.9%	$49.2M+8.4%	$45.4M+6.7%	$42.6M+7.5%	$39.6M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$266.7M+16.2%	$229.4M+9.5%	$209.5M+39.5%	$150.2M+1.8%	$147.5M+3.2%	$142.9M
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	$16.3M-30.8%	$23.5M+155.1%	-$42.7M-144.0%	$97.1M+48.8%	$65.3M+29.4%	$50.4M
EPS (Diluted)	$0.09-30.8%	$0.13+150.0%	$-0.26-147.3%	$0.55+48.6%	$0.37+32.1%	$0.28

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$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+2.0%	$245.8M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	$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-4.1%	$162.7M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$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-12.0%	$11.5M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$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+3.4%	$55.0M
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$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-57.5%	$10.9M
EPS (Diluted)	$-0.02	N/A	$-0.07-75.0%	$-0.04-116.7%	$0.24	N/A	$0.03-50.0%	$0.06

DEI Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$9.3B-1.2%	$9.4B-2.5%	$9.6B-1.1%	$9.7B+4.2%	$9.4B+1.1%	$9.3B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$340.8M-23.4%	$444.6M-15.0%	$523.1M+94.6%	$268.8M-20.0%	$335.9M+94.9%	$172.4M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$2.0M-53.1%	$4.2M-30.4%	$6.1M-11.4%	$6.9M-47.6%	$13.1M-28.0%	$18.2M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$5.8B+1.2%	$5.7B-0.9%	$5.8B+6.0%	$5.5B+1.9%	$5.4B+2.1%	$5.3B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$5.5B+0.9%	$5.5B-0.8%	$5.5B+6.8%	$5.2B+3.6%	$5.0B+5.6%	$4.7B
Total Equity	$1.9B-7.5%	$2.1B-7.3%	$2.2B-13.4%	$2.6B+6.1%	$2.4B-0.9%	$2.4B
Retained Earnings	-$1.5B-8.0%	-$1.4B-8.0%	-$1.3B-15.3%	-$1.1B-8.1%	-$1.0B-14.5%	-$904.5M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$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-1.2%	$9.6B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$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-3.0%	$561.1M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$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-18.2%	$5.3M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$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-0.1%	$5.8B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$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-0.6%	$5.5B
Total Equity	$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-3.4%	$2.2B
Retained Earnings	-$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-2.0%	-$1.3B

DEI Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$386.9M-5.3%	$408.7M-4.3%	$427.0M-14.1%	$496.9M+11.2%	$447.0M+6.4%	$420.2M
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	-$265.3M-10.2%	-$240.8M-3.1%	-$233.6M+58.4%	-$561.0M-94.3%	-$288.7M-8.9%	-$265.2M
Financing Cash Flow	-$225.3M+8.6%	-$246.5M-504.9%	$60.9M+2127.0%	-$3.0M-157.2%	$5.2M+103.8%	-$136.3M
Dividends Paid	$127.3M+0.1%	$127.2M-2.1%	$129.9M-34.0%	$196.8M+0.1%	$196.5M+0.1%	$196.3M
Share Buybacks	$0	$0-100.0%	$109.2M	$0	$0	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$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+12.9%	$91.9M
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	-$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+3.0%	-$47.8M
Financing Cash Flow	-$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-87.1%	-$39.7M
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 Buybacks	N/A	N/A	N/A	N/A	N/A	$0	$0	$0

DEI Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	63.3%-1.1pp	64.5%-0.1pp	64.6%-1.8pp	66.4%-0.6pp	67.0%+1.2pp	65.7%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	1.6%-0.8pp	2.4%+6.6pp	-4.2%-14.0pp	9.8%+2.7pp	7.1%+1.4pp	5.7%
Return on Equity	0.9%-0.3pp	1.1%+3.1pp	-1.9%-5.7pp	3.8%+1.1pp	2.7%+0.6pp	2.1%
Return on Assets	0.2%-0.1pp	0.3%+0.7pp	-0.4%-1.4pp	1.0%+0.3pp	0.7%+0.2pp	0.5%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	2.91+0.2	2.67+0.2	2.50+0.5	2.03-0.0	2.07+0.1	1.95
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	63.7%+1.6pp	62.2%-1.4pp	63.6%+0.4pp	63.2%-1.1pp	64.4%+0.8pp	63.5%+1.3pp	62.2%-4.0pp	66.2%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-1.0%+1.7pp	-2.7%+1.6pp	-4.3%-2.0pp	-2.3%-18.1pp	15.8%+16.2pp	-0.4%-2.2pp	1.8%-2.6pp	4.4%
Return on Equity	-0.1%+0.2pp	-0.4%+0.2pp	-0.6%-0.3pp	-0.3%-2.2pp	1.9%+2.0pp	-0.0%-0.3pp	0.2%-0.3pp	0.5%
Return on Assets	-0.0%+0.0pp	-0.1%+0.0pp	-0.1%-0.1pp	-0.1%-0.5pp	0.4%+0.4pp	-0.0%-0.1pp	0.1%-0.1pp	0.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	2.97+0.1	2.91+0.1	2.85+0.1	2.78+0.0	2.75+0.1	2.67+0.0	2.64+0.1	2.56
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 $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%.

How much debt does Douglas Emmett Inc have?

As of fiscal year 2025, Douglas Emmett Inc (DEI) had $340.8M 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 63.3% in fiscal year 2025, 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 1.6% in fiscal year 2025, 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 2025.

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

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.

What is Douglas Emmett Inc's operating cash flow?

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

What are Douglas Emmett Inc's total assets?

Douglas Emmett Inc (DEI) had $9.3B in total assets as of fiscal year 2025, 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 2025.

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

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.

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

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.

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

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.

Are Douglas Emmett Inc's earnings high quality?

Douglas Emmett Inc (DEI) has an earnings quality ratio of 23.78x, 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.

How financially healthy is Douglas Emmett Inc?

Douglas Emmett Inc (DEI) scores 42 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.