Earnings summaries and quarterly performance for Douglas Emmett.
Executive leadership at Douglas Emmett.
Board of directors at Douglas Emmett.
Research analysts who have asked questions during Douglas Emmett earnings calls.
John Kim
BMO Capital Markets
4 questions for DEI
Also covers: AIV, ALX, ARDX +32 more
Nicholas Yulico
Scotiabank
4 questions for DEI
Also covers: AHR, ALX, AVB +20 more
Upal Rana
KeyBanc Capital Markets
4 questions for DEI
Also covers: ADC, BDN, BNL +9 more
Alexander Goldfarb
Piper Sandler
3 questions for DEI
Also covers: ALEX, ALX, AVB +25 more
Anthony Paolone
JPMorgan Chase & Co.
3 questions for DEI
Also covers: ARE, BDN, BNL +29 more
Blaine Heck
Wells Fargo Securities
3 questions for DEI
Also covers: BXP, CDP, COLD +13 more
Dylan Burzinski
Green Street Advisors, LLC
3 questions for DEI
Also covers: AAT, ALX, ARE +11 more
Peter Abramowitz
Jefferies
3 questions for DEI
Also covers: AHH, ARE, BXP +14 more
Richard Anderson
Wedbush Securities
3 questions for DEI
Also covers: AIV, ARE, AVB +25 more
Steve Sakwa
Evercore ISI
3 questions for DEI
Also covers: ALX, AMH, AVB +31 more
Jana Galan
Bank of America
2 questions for DEI
Also covers: ADC, AHH, BXP +20 more
Jeff Spector
Bank of America
2 questions for DEI
Also covers: AIV, KW, MAA
Michael Griffin
Citigroup Inc.
2 questions for DEI
Also covers: AHR, ALX, ARE +32 more
Seth Bergey
Citi
2 questions for DEI
Also covers: AHR, BDN, CBRE +15 more
Connor Mitchell
Piper Sandler & Co.
1 question for DEI
Also covers: BRX, CHCT, CPT +8 more
James Feldman
Wells Fargo
1 question for DEI
Also covers: AMH, ARE, AVB +16 more
Recent press releases and 8-K filings for DEI.
Douglas Emmett (DEI) Highlights Strategic Strengths and Operational Efficiency in Q3 2025 Overview
DEI
Earnings
Dividends
- Douglas Emmett (DEI) operates with a focused strategy in high-barrier-to-entry markets, with office leases benefiting from 3% to 5% annual rent increases and West L.A. showing 3.4% compounded annual growth over the last 29 years. The company is the largest office landlord in Los Angeles and Honolulu, holding approximately 39% average market share of Class A office space in its regions.
- DEI demonstrates strong operational efficiency, with G&A expenses at 6.8% of Net Operating Income (NOI) and recurring tenant improvement, leasing commission, and capital expenditure costs at 14.2% of NOI, both significantly lower than its benchmark group. Its portfolio comprises 18 million square feet of office space and 4,410 multifamily units in premium Los Angeles and Honolulu markets.
- The company's risk is mitigated by a diverse base of small, affluent tenants (median size 2,400 square feet) and a consistent lease expiration schedule, with no significant large tenant rollover risk. DEI's submarkets in Los Angeles have experienced minimal new office supply, with only 3.0% added since 2009, contributing to 126% cumulative rent growth since 1998 in West L.A..
- Douglas Emmett has a total capitalization of approximately $7 billion and annual revenues of approximately $1 billion, with an annualized 2025 dividend of $.76 per share. The company has no debt maturities in 2025, with the next significant maturity of $1,181 million occurring in 2026.
Nov 5, 2025, 7:00 PM
Douglas Emmett Reports Q3 2025 Results and Reaffirms 2025 Guidance
DEI
Earnings
Guidance Update
Debt Issuance
- Douglas Emmett reported Q3 2025 revenue of $251 million, which was flat compared to Q3 2024, and FFO decreased to $0.34 per share.
- The company's same-property cash NOI increased by 3.5%, driven by a 6.8% increase in multifamily and a 2.6% increase in office (though office growth was essentially flat excluding property tax refunds).
- Office leasing activity in Q3 2025 included 215 leases covering 840,000 sq ft, with cash spreads down 11.4%, and a slowdown in new leasing during August and September.
- Douglas Emmett refinanced approximately $1.2 billion of debt during Q3 2025 at competitive rates, including a $200 million office term loan at 5.6% and $941.5 million in residential term loans at 4.8%, extending maturities.
- The company maintains its 2025 FFO per fully diluted share guidance between $1.43 and $1.47 and is actively pursuing off-market office acquisitions and multifamily development projects.
Nov 5, 2025, 7:00 PM
Douglas Emmett Inc. Reports Q3 2025 Financial Results and Updates Guidance
DEI
Earnings
Guidance Update
Debt Issuance
- Douglas Emmett Inc. reported a net loss of $(11) million for Q3 2025, compared to a net income of $5 million in Q3 2024, with FFO per fully diluted share decreasing to $0.34 from $0.43. The company narrowed its 2025 FFO per fully diluted share guidance to between $1.43 and $1.47 and expects Net Income Per Common Share - Diluted to be between $0.07 and $0.11.
- Q3 2025 results reflect the acquisition of 10900 Wilshire and the consolidation of a previously unconsolidated joint venture as of January 2025. The In-Service Portfolio, comprising 17.5 million square feet of office and 4,410 apartment units, saw office cash rents decrease by 11.4% on new/renewed leases, while the multifamily portfolio remained 98.8% leased with approximately 7% same property cash NOI growth.
- The company refinanced a $200.0 million office term loan and closed approximately $941.5 million in new residential term loans in Q3 2025, with no loan maturities remaining in 2025. A quarterly cash dividend of $0.19 per common share was paid on October 15, 2025.
Nov 4, 2025, 9:11 PM
Quarterly earnings call transcripts for Douglas Emmett.
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