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Douglas Emmett Declares Quarterly Cash Dividend

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Douglas Emmett (NYSE: DEI), a real estate investment trust (REIT), announced a quarterly cash dividend of $0.19 per share, or $0.76 annually. This dividend will be paid on July 16, 2024, to shareholders of record as of June 28, 2024.

Douglas Emmett is a fully integrated REIT, managing high-quality office and multifamily properties in Los Angeles and Honolulu. The company focuses on acquiring and owning properties in areas with significant supply constraints, high-end executive housing, and key lifestyle amenities.

Positive
  • Douglas Emmett declared a quarterly cash dividend of $0.19 per share, equating to $0.76 annually.
  • Dividends are scheduled for payment on July 16, 2024, assuring investors of a predictable income stream.
  • The company focuses on high-quality office and multifamily properties in premier coastal submarkets, potentially indicating strong asset value and market demand.
Negative
  • The dividend amount of $0.19 per share may be seen as modest, which could be less attractive to income-focused investors.
  • No information on potential growth or expansion plans was provided, which might concern investors looking for growth opportunities.

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 July 16, 2024 to shareholders of record as of June 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.

Stuart McElhinney, Vice President – Investor Relations

310.255.7751 smcelhinney@douglasemmett.com

Source: Douglas Emmett, Inc.

FAQ

What is the dividend amount announced by Douglas Emmett (DEI)?

Douglas Emmett announced a quarterly cash dividend of $0.19 per share.

When will Douglas Emmett (DEI) pay the dividend?

Douglas Emmett will pay the dividend on July 16, 2024.

What is the annualized dividend for Douglas Emmett (DEI)?

The annualized dividend for Douglas Emmett is $0.76 per share.

Who is eligible to receive the Douglas Emmett (DEI) dividend?

Shareholders of record as of June 28, 2024, are eligible to receive the dividend.

What type of properties does Douglas Emmett (DEI) focus on?

Douglas Emmett focuses on high-quality office and multifamily properties in Los Angeles and Honolulu.

Where are Douglas Emmett (DEI)'s primary markets?

Douglas Emmett's primary markets are the premier coastal submarkets of Los Angeles and Honolulu.

Douglas Emmett, Inc.

NYSE:DEI

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REIT - Office
Real Estate Investment Trusts
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United States of America
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