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Douglas Emmett Inc

DEI Clue Score44
United States Fiscal year ends December CIK 0001364250
$9.79 -1.11% Close, 9 Oct 2026
Price $9.79 −70.18% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue88.8Operating income220.8Net income85.4EPS, diluted0.55Fiscal year 2017Revenue96.2 +8.3%Operating income241.0Net income94.4 +10.6%EPS, diluted0.58 +5.5%Fiscal year 2018Revenue102.5 +6.5%Operating income251.9Net income116.1 +22.9%EPS, diluted0.68 +17.2%Fiscal year 2019Revenue108.7 +6.0%Operating income242.7Net income363.7 +213.3%EPS, diluted2.09 +207.4%Fiscal year 2020Revenue76.1 −30.0%Net income50.4 −86.1%EPS, diluted0.28 −86.6%Fiscal year 2021Revenue69.0 −9.3%Net income65.3 +29.4%EPS, diluted0.37 +32.1%Fiscal year 2022Revenue84.9 +23.0%Net income97.1 +48.8%EPS, diluted0.55 +48.6%Fiscal year 2023Revenue1,020.5 +1,102.0%Net income−42.7 −144.0%EPS, diluted−0.26 −147.3%Fiscal year 2024Revenue986.5 −3.3%Net income23.5EPS, diluted0.13Fiscal year 2025Revenue1,004.0 +1.8%Net income16.3 −30.8%EPS, diluted0.09 −30.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 88.8 96.2 102.5 108.7 76.1 69.0 84.9 1,020.5 986.5 1,004.0
Growth +8.3% +6.5% +6.0% −30.0% −9.3% +23.0% +1,102.0% −3.3% +1.8%
Operating income 220.8 241.0 251.9 242.7 n/a n/a n/a n/a n/a n/a
Net income 85.4 94.4 116.1 363.7 50.4 65.3 97.1 −42.7 23.5 16.3
Growth +10.6% +22.9% +213.3% −86.1% +29.4% +48.8% −144.0% −30.8%
EPS, diluted 0.55 0.58 0.68 2.09 0.28 0.37 0.55 −0.26 0.13 0.09
Growth +5.5% +17.2% +207.4% −86.6% +32.1% +48.6% −147.3% −30.8%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Operating margin248.7%Net margin96.2%Fiscal year 2017Operating margin250.5%Net margin98.2%Fiscal year 2018Operating margin245.8%Net margin113.3%Fiscal year 2019Operating margin223.3%Net margin334.6%Fiscal year 2020Gross margin770.2%Net margin66.3%Fiscal year 2021Gross margin891.3%Net margin94.6%Fiscal year 2022Gross margin777.2%Net margin114.4%Fiscal year 2023Gross margin64.6%Net margin−4.2%Fiscal year 2024Gross margin64.5%Net margin2.4%Fiscal year 2025Gross margin63.4%Net margin1.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin n/a n/a n/a n/a 770.2% 891.3% 777.2% 64.6% 64.5% 63.4%
Operating margin 248.7% 250.5% 245.8% 223.3% n/a n/a n/a n/a n/a n/a
Net margin 96.2% 98.2% 113.3% 334.6% 66.3% 94.6% 114.4% −4.2% 2.4% 1.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flow
Fiscal year 2016Operating cash flow339.4Dividends paid−130.8Fiscal year 2017Operating cash flow402.7Dividends paid−146.0Fiscal year 2018Operating cash flow433.0Dividends paid−169.8Fiscal year 2019Operating cash flow469.6Dividends paid−179.7Fiscal year 2020Operating cash flow420.2Dividends paid−196.3Fiscal year 2021Operating cash flow447.0Buybacks0.0Dividends paid−196.5Fiscal year 2022Operating cash flow496.9Buybacks0.0Dividends paid−196.8Fiscal year 2023Operating cash flow427.0Buybacks−109.2Dividends paid−129.9Fiscal year 2024Operating cash flow408.7Buybacks0.0Dividends paid−127.2Fiscal year 2025Operating cash flow386.9Buybacks0.0Dividends paid−127.3
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 339.4 402.7 433.0 469.6 420.2 447.0 496.9 427.0 408.7 386.9
Buybacks n/a n/a n/a n/a n/a 0.0 0.0 −109.2 0.0 0.0
Dividends paid −130.8 −146.0 −169.8 −179.7 −196.3 −196.5 −196.8 −129.9 −127.2 −127.3

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash112.9Total debt4,369.5Net cash (debt)−4,256.6Shareholders’ equity1,921.1Debt to equity2.27Fiscal year 2017Cash176.6Total debt4,117.4Net cash (debt)−3,940.7Shareholders’ equity2,437.5Debt to equity1.69Fiscal year 2018Cash146.2Total debt4,134.0Net cash (debt)−3,987.8Shareholders’ equity2,402.3Debt to equity1.72Fiscal year 2019Cash153.7Total debt4,619.1Net cash (debt)−4,465.4Shareholders’ equity2,712.1Debt to equity1.70Fiscal year 2020Cash172.4Total debt4,745.0Net cash (debt)−4,572.6Shareholders’ equity2,437.1Debt to equity1.95Fiscal year 2021Cash335.9Total debt5,012.1Net cash (debt)−4,676.2Shareholders’ equity2,416.1Debt to equity2.07Fiscal year 2022Cash268.8Total debt5,191.9Net cash (debt)−4,923.1Shareholders’ equity2,562.4Debt to equity2.03Fiscal year 2023Cash523.1Total debt5,543.2Net cash (debt)−5,020.1Shareholders’ equity2,219.9Debt to equity2.50Fiscal year 2024Cash444.6Total debt5,498.0Net cash (debt)−5,053.4Shareholders’ equity2,058.6Debt to equity2.67Fiscal year 2025Cash340.8Total debt5,548.9Net cash (debt)−5,208.1Shareholders’ equity1,904.6Debt to equity2.91
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 112.9 176.6 146.2 153.7 172.4 335.9 268.8 523.1 444.6 340.8
Total debt 4,369.5 4,117.4 4,134.0 4,619.1 4,745.0 5,012.1 5,191.9 5,543.2 5,498.0 5,548.9
Net cash (debt) −4,256.6 −3,940.7 −3,987.8 −4,465.4 −4,572.6 −4,676.2 −4,923.1 −5,020.1 −5,053.4 −5,208.1
Shareholders’ equity 1,921.1 2,437.5 2,402.3 2,712.1 2,437.1 2,416.1 2,562.4 2,219.9 2,058.6 1,904.6
Debt to equity 2.27 1.69 1.72 1.70 1.95 2.07 2.03 2.50 2.67 2.91

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
n/a n/a n/a n/a 770.2% 891.3% 777.2% 64.6% 64.5% 63.4%
248.7% 250.5% 245.8% 223.3% n/a n/a n/a n/a n/a n/a
96.2% 98.2% 113.3% 334.6% 66.3% 94.6% 114.4% −4.2% 2.4% 1.6%
Spending
39.4% 37.7% 37.7% 35.0% 52.0% 61.7% 53.5% 4.8% 4.6% 4.6%
Returns
4.4% 3.9% 4.8% 13.4% 2.1% 2.7% 3.8% −1.9% 1.1% 0.9%
1.1% 1.1% 1.4% 3.9% 0.5% 0.7% 1.0% −0.4% 0.3% 0.2%
Balance and payout
2.27 1.69 1.72 1.70 1.95 2.07 2.03 2.50 2.67 2.91
60.4% 52.9% 53.4% 53.2% 56.8% 57.4% 56.1% 60.1% 61.1% 62.6%
153.2% 154.6% 146.3% 49.4% 389.4% 301.1% 202.6% n/a 540.8% 782.3%