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Douglas Emmett, Inc. (DEI) 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
Operating Cash Flow $386.0M -1.5% YoY
Market Cap $2.0B as of Oct 13, 2026
Price / Sales 2.0x on $1.0B revenue, trailing 12 months to June 30, 2026
Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to June 30, 2026
Price / Book 1.1x on $1.8B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 13, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 7, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the DEI SEC filings page.

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

Douglas Emmett’s reported earnings are thin and volatile, while operating cash generation remains substantial amid rising balance-sheet leverage.

In FY2025, operating cash flow was 23.8x net income, so accounting profit substantially understates cash produced by operations. The same mismatch appeared in FY2023: the company reported a net loss of $42.7M while operating cash flow was $427.0M, pointing to depreciation and financing costs shaping reported earnings.

Leverage, not expansion, is the clearest balance-sheet trend: debt-to-equity rose from 2.1x in FY2021 to 2.9x in FY2025, leaving the financing mix more debt-dependent as the asset base remained broadly flat. That places cash generation alongside a thinner equity cushion rather than a growing asset base.

Revenue was $1.0B in FY2025, broadly similar to earlier years. Meanwhile, gross margin declined from 67.0% in FY2021 to 63.4% in FY2025, indicating margin pressure rather than scale-driven improvement.

[ 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 Margin measures funds from operations against revenue, and funds from operations is net income with property depreciation added back, since a building written down a little further every year on paper is often worth more rather than less. Douglas Emmett, Inc. scores 66/100 on it among other REITs.

FFO Growth
36

FFO Growth follows the three-year path of funds from operations, which is net income with property depreciation added back. Douglas Emmett, Inc. scores 36/100 on it among other REITs.

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

AFFO Margin takes funds from operations, subtracts the spending a REIT needs just to keep its properties in working order, and measures what is left against revenue. Douglas Emmett, Inc. scores 69/100 on it among other REITs.

Dividend Cov.
91

Dividend coverage measures funds from operations against the dividends actually paid, and a figure above 1 means the payout came out of operations. Douglas Emmett, Inc. scores 91/100 on it among other REITs.

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
$256.5M
YoY+1.6%
QoQ+2.2%
5Y CAGR+2.7%
10Y CAGR+3.2%

Douglas Emmett, Inc. generated $256.5M in revenue in Q2 2026. This represents an increase of 1.6% from the same quarter a year earlier. Against the prior quarter it is up 2.2%.

Net Income
-$2.7M
YoY+54.1%
QoQ-7.3%

Douglas Emmett, Inc. reported -$2.7M in net income in Q2 2026. This represents an increase of 54.1% from the same quarter a year earlier. Against the prior quarter it is down 7.3%.

EPS (Diluted)
-$0.02
YoY+50.0%
QoQ0.0%

Douglas Emmett, Inc. earned -$0.02 per diluted share (EPS) in Q2 2026. This represents an increase of 50.0% from the same quarter a year earlier. It is unchanged from the prior quarter.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt
$355.0M
YoY-16.8%
QoQ-0.6%
5Y CAGR+1.4%
10Y CAGR+16.5%

Douglas Emmett, Inc. held $355.0M in cash against $5.7B in long-term debt as of Q2 2026.

Dividends Per Share
$0.19
YoY0.0%
QoQ0.0%
5Y CAGR-7.5%
10Y CAGR-1.5%

Douglas Emmett, Inc. paid $0.19 per share in dividends in Q2 2026. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding
167M
YoY0.0%
QoQ0.0%
5Y CAGR-0.9%
10Y CAGR+1.0%

Douglas Emmett, Inc. had 167M shares outstanding in Q2 2026. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.

Free Cash Flow

Not reported for Q2 2026.

Margins & Returns

Gross Margin
63.2%
YoY0.0pp
QoQ-0.5pp

Douglas Emmett, Inc.'s gross margin was 63.2% in Q2 2026, indicating the percentage of revenue retained after direct costs. That is unchanged from the same quarter a year earlier. Against the prior quarter it is down 0.5 percentage points.

Net Margin
-1.1%
YoY+1.3pp
QoQ-0.1pp
5Y change-8.2pp
10Y change-10.9pp

Douglas Emmett, Inc.'s net profit margin was -1.1% in Q2 2026, showing the share of revenue converted to profit. This is up 1.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.1 percentage points.

Return on Equity
-0.1%
YoY+0.1pp
QoQ0.0pp
5Y change-0.8pp
10Y change-1.2pp

Douglas Emmett, Inc.'s ROE was -0.1% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 0.1 percentage points from the same quarter a year earlier. It is unchanged from the prior quarter.

Operating Margin

Not reported for Q2 2026.

Capital Allocation

None of these metrics is reported for Q2 2026.

DEI Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

DEI quarterly income statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Revenue$256.5M+1.6%$251.0M-0.2%$249.4M+1.8%$250.6M-0.1%$252.4M+2.7%$251.5M+2.7%$245.0M-5.5%$250.8M-1.8%
Gross Profit$162.1M+1.6%$159.9M-1.2%$155.1M-0.4%$159.4M+2.2%$159.6M-1.9%$161.9M0.0%$155.7M-7.5%$156.0M-4.6%
SG&A Expenses$12.5M+1.6%$13.6M+18.5%$12.2M-0.3%$10.8M+6.6%$12.3M+6.9%$11.5M-1.0%$12.2M-16.2%$10.1M-21.2%
Interest Expense$68.3M+4.5%$64.5M+7.4%$68.5M+9.8%$72.8M+28.1%$65.3M+18.9%$60.1M+8.6%$62.3M+8.2%$56.8M+1.4%
Net Income-$2.7M+54.1%-$2.5M-106.3%-$6.8M-670.7%-$10.9M-335.0%-$5.8M-153.6%$39.8M+346.7%-$888K+97.8%$4.6M+134.6%
EPS (Basic)-$0.02+50.0%-$0.02-108.3%-$0.04-300.0%-$0.07-333.3%-$0.04-166.7%$0.24+380.0%-$0.01+95.8%$0.03+137.5%
EPS (Diluted)-$0.02+50.0%-$0.02-108.3%-$0.04-$0.07-333.3%-$0.04-166.7%$0.24+380.0%-$0.01$0.03+137.5%
Diluted Shares (Avg)167M0.0%167M0.0%N/A167M0.0%167M0.0%167M+0.1%N/A167M+0.4%

Not reported in any period shown, so not listed: Cost of Revenue, R&D Expenses, Operating Income, EBITDA, 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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

DEI quarterly balance sheet
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Total Assets$9.6B+1.2%$9.3B-2.9%$9.3B-1.2%$9.4B-0.7%$9.4B-1.4%$9.6B-0.6%$9.4B-2.5%$9.5B-4.0%
Cash & Equivalents$355.0M-16.8%$357.2M-32.0%$340.8M-23.4%$408.5M-24.9%$426.9M-23.9%$525.7M-5.6%$444.6M-15.0%$544.2M+3.4%
Short-Term Investments$0$0$0$0$0$0$0$0
Accounts Receivable$3.9M+122.8%$4.4M+16.3%$2.0M-53.1%$3.2M-26.3%$1.8M-67.1%$3.8M-34.9%$4.2M-30.4%$4.4M-48.9%
Long-Term Investments$0$0$0$0$0$0$0$0
Total Liabilities$6.0B+3.3%$5.9B-0.9%$5.8B+1.2%$5.9B+1.2%$5.8B+0.7%$5.9B+1.8%$5.7B-0.9%$5.8B-0.8%
Long-Term Debt$5.7B+2.9%$5.6B-1.2%$5.5B+0.9%$5.6B+0.9%$5.6B+0.3%$5.6B+1.6%$5.5B-0.8%$5.5B-0.5%
Total Equity$1.8B-8.0%$1.9B-8.5%$1.9B-7.5%$1.9B-6.8%$2.0B-7.6%$2.0B-7.1%$2.1B-7.3%$2.1B-10.6%
Retained Earnings-$1.6B-10.5%-$1.5B-11.1%-$1.5B-8.0%-$1.5B-7.7%-$1.4B-6.7%-$1.4B-5.5%-$1.4B-8.0%-$1.4B-11.8%

Not reported in any period shown, so not listed: Current Assets, Inventory, Goodwill, Current Liabilities, Non-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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

DEI quarterly cash flow statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Operating Cash Flow$96.1M+18.3%$116.9M-11.8%$63.2M-14.8%$109.8M+5.9%$81.3M-11.5%$132.6M-4.6%$74.1M-21.8%$103.7M+14.6%
Depreciation & Amortization$99.3M-2.4%$97.4M-0.4%$98.2M+2.7%$101.2M+4.1%$101.7M+6.5%$97.8M+2.2%$95.6M-22.4%$97.2M-20.4%
Stock-Based Compensation$2.5M+3.7%$2.7M-0.4%N/A$2.4M+4.8%$2.4M-0.8%$2.7M-4.6%N/A$2.3M-2.2%
Investing Cash Flow-$338.5M-375.2%-$74.8M-120.4%-$76.4M+9.3%-$83.8M-80.8%-$71.2M-49.1%-$33.9M+45.6%-$84.2M-58.2%-$46.3M+23.3%
Financing Cash Flow$240.0M+320.5%-$25.7M-45.7%-$54.5M+39.2%-$44.4M+40.2%-$108.9M-174.3%-$17.6M+59.0%-$89.5M-100.3%-$74.3M-131.9%
Dividends Paid$31.8M0.0%$31.8M0.0%$31.8M0.0%$31.8M0.0%$31.8M0.0%$31.8M+0.1%$31.8M+0.4%$31.8M+0.4%
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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

DEI quarterly financial ratios
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Gross Margin63.2%0.0pp63.7%-0.7pp62.2%-1.4pp63.6%+1.4pp63.2%-3.0pp64.4%-1.7pp63.5%-1.4pp62.2%-1.8pp
Net Margin-1.1%+1.3pp-1.0%-16.8pp-2.7%-2.4pp-4.3%-6.2pp-2.3%-6.7pp15.8%+12.2pp-0.4%+15.2pp1.8%+7.1pp
Return on Equity-0.1%+0.1pp-0.1%-2.1pp-0.4%-0.3pp-0.6%-0.8pp-0.3%-0.8pp1.9%+1.5pp0.0%+1.8pp0.2%+0.8pp
Return on Assets0.0%0.0pp0.0%-0.4pp-0.1%-0.1pp-0.1%-0.2pp-0.1%-0.2pp0.4%+0.3pp0.0%+0.4pp0.1%+0.2pp
Debt-to-Equity3.11+0.3x2.97+0.2x2.91+0.2x2.85+0.2x2.78+0.2x2.75+0.2x2.67+0.2x2.64+0.3x
Asset Turnover0.030.0x0.030.0x0.030.0x0.030.0x0.030.0x0.030.0x0.030.0x0.030.0x

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

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
Douglas Emmett, Inc. DEI FY2025 $1.0B $16.3M 1.6% $2.0B 44/100
COPT Defense Properties CDP FY2025 $763.9M $159.5M 20.9% $3.8B 50/100
SL Green Realty Corp. SLG FY2025 $1.0B -$96.9M -9.7% $3.5B 27/100
Hudson Pacific Properties, Inc. HPP FY2025 $831.1M -$592.3M -71.3% $661.0M 6/100
Kilroy Realty Corp. KRC FY2025 $1.1B $303 0.0% $4.0B 34/100
Cousins Properties Inc. CUZ FY2025 $993.8M $40.5M 4.1% $4.6B 71/100

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 no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $2.0B as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Douglas Emmett, Inc. (DEI) trades at 2.0x sales, its market capitalization divided by revenue of $1.0B revenue, trailing 12 months to June 30, 2026. The market capitalization is $2.0B as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

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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