Reading the tape
NYSE: DEI
Douglas Emmett, Inc.
Real Estate · REIT - Office
Market Cap
$1.86B
52w High
$16.99
52w Low
$9.04
P/E
114.17
Volume
2.23M
Outstanding Shares
167.46M
Price vs Fundamentals
Why The Stock Is Moving
Likely fundamental deteriorationModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: -21.57%Revenue (TTM): 1.77%FCF (TTM): -29.87%P/FCF: 5th pct
What changed
The stock fell 21.57% over the last year. Revenue grew 1.77% over the trailing twelve months. Operating margin moved from 20.97% to 18.97%. Free cash flow declined 29.87% over the trailing twelve months.
What the market seems to be pricing
The market is reacting to weaker business momentum more than just compressing the valuation multiple. Even if the shares already screen cheap on P/FCF, investors are still discounting lower future earnings power.
What would invalidate this read
Operating margin stands at 18.97%. Free cash flow fell 29.87% — a return toward positive territory would undermine the deterioration thesis. If margins and cash flow stabilize while the stock stays depressed, the gap shifts from fundamental damage toward pure multiple compression.
Company profile
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.
CEOJordan L. Kaplan
SectorReal Estate
IndustryREIT - Office
Employees770
IPO dateOct 25, 2006
Valuation
Forward P/E—
EV/EBITDA10.80
Enterprise value$7.07B
Price / Book0.98
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Standard profitability metrics can be misleading for financial/insurance companies. GAAP requires unrealized investment gains/losses in net income (affecting ROE), and margins are blended across diverse business segments.
Revenue growth1.82%
Gross margin43.8%▼124.99%vs FY2024
Operating margin18.97%▼9.52%vs FY2024
ROE0.85%▼25.23%vs FY2024
Analyst consensus
RatingHold
Target price$12.30▲10.91%
8
Buy
22
Hold
3
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 5, 2026
Q2 FY26 · EPS est -$0.05 · Revenue est $251.11M
View
Dividends
$0.76/shareQuarterlySafeDEI pays a dividend with a 6.85% dividend yield, covered 1.5× by free cash flow.
Dividend Yield
6.85%
Annual Div / Share
$0.76
5yr CAGR
-7.46%
Dividend has been cut
FCF Coverage
1.5×
Safe
Dividend Growth Rate
3yr CAGR
-6.84%
5yr CAGR
-7.46%
10yr CAGR
-1.23%
Dividend Safety
8/10Safe
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2025$0.76+0.0%
2024$0.76+0.0%
2023$0.76-19.1%
2022$0.94-16.1%
2021$1.12+0.0%
2020$1.12+3.7%
2019$1.08+5.9%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$69/yr
$6/mo
In 5 yrs
$69/yr
$6/mo
In 10 yrs
$69/yr
$6/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$69/yr $6/mo | $69/yr $6/mo | $69/yr $6/mo |
Analysis
Dividend Strengths
Well-covered by free cash flow
The dividend is covered 1.5× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Risks to Watch
Dividend has been reduced
The 5-year dividend CAGR of -7.46% is negative, indicating the payout has been cut over this period.