Douglas Emmett Declares Quarterly Cash Dividend

Rhea-AI Summary

Douglas Emmett, Inc. (NYSE: DEI) declares a quarterly cash dividend of $0.19 per share, totaling $0.76 annually, to be paid on April 16, 2024. Shareholders of record as of March 28, 2024, will receive the dividend.

Financial Analyst

The declaration of a quarterly cash dividend by Douglas Emmett, Inc. is a significant signal to the market, indicating the company's current liquidity and profitability status. Dividends are often viewed as a reflection of a company's confidence in its ongoing cash flows and future prospects. The specified dividend of $0.19 per share equates to an annualized payout of $0.76, which investors use to calculate the dividend yield based on the current stock price. This yield becomes a critical factor in the investment decision-making process, particularly for income-focused investors.

It's important to analyze the dividend payout ratio, which is the percentage of earnings paid to shareholders in dividends. The industry norm for REITs is generally higher than other sectors due to their requirement to distribute at least 90% of taxable income to shareholders. However, maintaining a balance is crucial, as excessively high payout ratios may not be sustainable in the long run and could signal that the company is not reinvesting enough in its business to foster future growth.

Real Estate Market Analyst

As a REIT, Douglas Emmett, Inc.'s dividend policy is closely tied to its operational performance in the real estate market. The health of the real estate market, particularly in the commercial sector where Douglas Emmett operates, directly impacts the company's rental income and, by extension, its ability to pay dividends. Factors such as occupancy rates, average lease length and the credit quality of tenants are all pivotal in assessing the sustainability of dividends.

Given that Douglas Emmett operates in the competitive and high-value markets of Southern California and Honolulu, the real estate dynamics in these areas, including supply and demand, economic growth and employment rates, will influence the REIT's performance. Analysts would also consider the impact of interest rate changes on real estate investment trusts, as higher rates can increase borrowing costs and affect property values, potentially leading to a reevaluation of dividend policies if profit margins are squeezed.

SANTA MONICA, Calif.--(BUSINESS WIRE)-- Douglas Emmett, Inc. (NYSE: DEI), a real estate investment trust (REIT), announced today that its Board of Directors has declared a quarterly cash dividend on each share of its common stock of $0.19, or $0.76 on an annualized basis, to be paid on April 16, 2024 to shareholders of record as of March 28, 2024.

About Douglas Emmett, Inc.

Douglas Emmett, Inc. (DEI) is a fully integrated, self-administered and self-managed real estate investment trust (REIT), and one of the largest owners and operators of high-quality office and multifamily properties located in the premier coastal submarkets of Los Angeles and Honolulu. Douglas Emmett focuses on owning and acquiring a substantial share of top-tier office properties and premier multifamily communities in neighborhoods that possess significant supply constraints, high-end executive housing and key lifestyle amenities. Please visit our website at www.douglasemmett.com for more information about Douglas Emmett.

Safe Harbor Statement

Except for the historical facts, the statements in this press release regarding Douglas Emmett’s business activities are forward-looking statements based on the beliefs of, assumptions made by, and information currently available to us about known and unknown risks, trends, uncertainties and factors that are beyond our control or ability to predict. Although we believe that our assumptions are reasonable, they are not guarantees of future performance and some will inevitably prove to be incorrect. As a result, our actual future results can be expected to differ from our expectations, and those differences may be material. Accordingly, investors should use caution in relying on forward-looking statements to anticipate future results or trends. For a discussion of some of the risks and uncertainties that could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” in our Annual Report on Form 10-K for 2023, filed with the U.S. Securities and Exchange Commission.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240229693953/en/

Stuart McElhinney, Vice President – Investor Relations

310.255.7751 smcelhinney@douglasemmett.com

Source: Douglas Emmett, Inc.

What is the dividend amount declared by Douglas Emmett, Inc. (NYSE: DEI)?

Douglas Emmett, Inc. (NYSE: DEI) has declared a quarterly cash dividend of $0.19 per share, amounting to $0.76 annually.

When will the dividend be paid by Douglas Emmett, Inc. (NYSE: DEI)?

The dividend declared by Douglas Emmett, Inc. (NYSE: DEI) will be paid on April 16, 2024.

Who will receive the dividend declared by Douglas Emmett, Inc. (NYSE: DEI)?

Shareholders of record as of March 28, 2024, will receive the dividend declared by Douglas Emmett, Inc. (NYSE: DEI).