DEI on NYSE
Douglas Emmett Inc
American real estate investment trust, incorporated in Maryland. Summary from the record
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Last updated Oct 19, 2026.
Overview
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- TickerDEI on NYSE1
- IndustryReal Estate Investment Trusts1
- HeadquartersSanta Monica, California1
- Incorporated inMD2
- Business address1299 Ocean Avenue, Suite 1000, Santa Monica, Ca 904012
- Filer categoryLarge accelerated filer2
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Annualized Rent Annualized cash base rent (excludes tenant reimbursements, parking and other revenue) before abatements under leases commenced as of the reporting date and expiring after the reporting date. Annualized Rent for our triple net office properties (in Honolulu) is calculated by adding expense reimbursements and estimates of normal building expenses paid by tenants to base rent. Annualized Rent does not include lost rent recovered from insurance and rent for building management use. Annualized Rent includes rent for our corporate headquarters in Santa Monica. We report Annualized Rent because it is a widely reported measure of the performance of equity REITs, and is used by some investors as a means to determine tenant demand and to compare our performance and value with other REITs. We use Annualized Rent to manage and monitor the performance of our office and multifamily por…3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Tenant Recoveries brought in 87% of the revenue Douglas Emmett Inc broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tenant Recoveries | $61.6M | $50.1M | $51.3M |
| Rental Revenue, Tenant Improvements | $5.8M | $7.0M | $7.5M |
Business segments
Office brought in 80% of the revenue Douglas Emmett Inc broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Office | $829.9M | $796.4M | $805.5M |
| Multifamily | $190.5M | $190.1M | $198.5M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs98¢$987.7M
- Profit2¢$16.3M
Out of $1.0B in revenue.4
Where each dollar of operating cash went, fiscal 2025
- Dividends paid33¢$127.3M
- Kept or used elsewhere67¢$259.6M
Out of $386.9M of cash from operations.4
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Total revenues | $1.0B | $986.5M | $1.0B |
| General and administrative expenses | $46.7M | $45.4M | $49.2M |
| Depreciation and amortization | $398.9M | $384.0M | $459.9M |
| Total operating expenses | $813.5M | $779.7M | $870.8M |
| Other income | $18.0M | $28.0M | $19.6M |
| Other expenses | -$437.0K | -$398.0K | -$1.0M |
| Income (loss) from unconsolidated Fund | $0 | $2.6M | -$34.6M |
| Interest expense | -$266.7M | -$229.4M | -$209.5M |
| Gain from consolidation of JV | $47.2M | $0 | $0 |
| Net (loss) income | -$11.4M | $7.6M | -$75.8M |
| Net loss attributable to noncontrolling interests | $27.7M | $15.9M | $33.1M |
| Net income (loss) attributable to common stockholders | $16.3M | $23.5M | -$42.7M |
| Net income (loss) per common share - basic (usd per share) | $0.09 | $0.13 | -$0.26 |
| Net income (loss) per common share diluted (usd per share) | $0.09 | $0.13 | -$0.26 |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Investment in real estate, gross | $12.8B | $12.5B | ||
| Less: accumulated depreciation and amortization | -$4.1B | -$3.9B | ||
| Investment in real estate, net | $8.7B | $8.6B | ||
| Ground lease right-of-use asset | $7.4M | $7.4M | ||
| Cash and cash equivalents | $340.8M | $444.6M | $523.1M | |
| Tenant receivables | $2.0M | $4.2M | ||
| Deferred rent receivables | $123.6M | $117.6M | ||
| Acquired lease intangible assets, net | $4.7M | $2.5M | ||
| Interest rate contract assets | $22.3M | $77.6M | ||
| Investment in unconsolidated Fund | $0 | $23.8M | ||
| Other assets | $44.0M | $147.3M | ||
| Total Assets | $9.3B | $9.4B | ||
| Secured notes payable, net | $5.5B | $5.5B | ||
| Ground lease liability | $10.8M | $10.8M | ||
| Interest payable, accounts payable and deferred revenue | $140.0M | $131.0M | ||
| Security deposits | $67.1M | $62.4M | ||
| Acquired lease intangible liabilities, net | $8.3M | $11.3M | ||
| Interest rate contract liabilities | $6.4M | $0 | ||
| Dividends payable | $31.8M | $31.8M | ||
| Total Liabilities | $5.8B | $5.7B | ||
| Common Stock, $0.01 par value, 750,000,000 authorized, 167,462,215 and 167,435,259 outstanding at December 31, 2025 and December 31, 2024, respectively | $1.7M | $1.7M | ||
| Additional paid-in capital | $3.4B | $3.4B | ||
| Accumulated other comprehensive income | $11.5M | $54.9M | ||
| Accumulated deficit | -$1.5B | -$1.4B | ||
| Total Douglas Emmett, Inc. stockholders' equity | $1.9B | $2.1B | ||
| Noncontrolling interests | $1.6B | $1.6B | ||
| Total Equity | $3.5B | $3.7B | $3.8B | $4.3B |
| Total Liabilities and Equity | $9.3B | $9.4B | ||
| Common Stock, par value (in usd per share) | $0.01 | $0.01 | ||
| Common Stock, authorized (in shares) | 750.0M shares | 750.0M shares | ||
| Common Stock, outstanding (in shares) | 167.5M shares | 167.4M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Investment in real estate, gross | $12.8B | $12.5B | ||
| Less: accumulated depreciation and amortization | -$4.1B | -$3.9B | ||
| Investment in real estate, net | $8.7B | $8.6B | ||
| Ground lease right-of-use asset | $7.4M | $7.4M | ||
| Cash and cash equivalents | $340.8M | $444.6M | $523.1M | |
| Tenant receivables | $2.0M | $4.2M | ||
| Deferred rent receivables | $123.6M | $117.6M | ||
| Acquired lease intangible assets, net | $4.7M | $2.5M | ||
| Interest rate contract assets | $22.3M | $77.6M | ||
| Investment in unconsolidated Fund | $0 | $23.8M | ||
| Other assets | $44.0M | $147.3M | ||
| Total Assets | $9.3B | $9.4B | ||
| Secured notes payable, net | $5.5B | $5.5B | ||
| Ground lease liability | $10.8M | $10.8M | ||
| Interest payable, accounts payable and deferred revenue | $140.0M | $131.0M | ||
| Security deposits | $67.1M | $62.4M | ||
| Acquired lease intangible liabilities, net | $8.3M | $11.3M | ||
| Interest rate contract liabilities | $6.4M | $0 | ||
| Dividends payable | $31.8M | $31.8M | ||
| Total Liabilities | $5.8B | $5.7B | ||
| Common Stock, $0.01 par value, 750,000,000 authorized, 167,462,215 and 167,435,259 outstanding at December 31, 2025 and December 31, 2024, respectively | $1.7M | $1.7M | ||
| Additional paid-in capital | $3.4B | $3.4B | ||
| Accumulated other comprehensive income | $11.5M | $54.9M | ||
| Accumulated deficit | -$1.5B | -$1.4B | ||
| Total Douglas Emmett, Inc. stockholders' equity | $1.9B | $2.1B | ||
| Noncontrolling interests | $1.6B | $1.6B | ||
| Total Equity | $3.5B | $3.7B | $3.8B | $4.3B |
| Total Liabilities and Equity | $9.3B | $9.4B | ||
| Common Stock, par value (in usd per share) | $0.01 | $0.01 | ||
| Common Stock, authorized (in shares) | 750.0M shares | 750.0M shares | ||
| Common Stock, outstanding (in shares) | 167.5M shares | 167.4M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net (loss) income | -$11.4M | $7.6M | -$75.8M |
| (Income) loss from unconsolidated Fund | $0 | -$2.6M | $34.6M |
| Gain from consolidation of JV | -$47.2M | $0 | $0 |
| Depreciation and amortization | $398.9M | $384.0M | $459.9M |
| Net accretion of acquired lease intangibles | -$4.8M | -$8.0M | -$11.0M |
| Straight-line rent | -$6.0M | -$2.2M | -$342.0K |
| Loan premium/discount amortized/accreted and written off | $336.0K | -$333.0K | -$460.0K |
| Deferred loan costs amortized and written off | $11.9M | $9.3M | $8.9M |
| Amortization of stock-based compensation | $21.2M | $21.0M | $19.8M |
| Operating distributions from unconsolidated Fund | $0 | $1.2M | $1.3M |
| Purchase of interest rate caps | $0 | $0 | -$1.6M |
| Tenant receivables | $2.2M | $1.9M | $783.0K |
| Interest payable, accounts payable and deferred revenue | $11.4M | -$4.0K | $6.2M |
| Security deposits | $3.2M | $491.0K | $529.0K |
| Other assets | $7.1M | -$3.7M | -$15.9M |
| Net cash provided by operating activities | $386.9M | $408.7M | $427.0M |
| Capital expenditures for improvements to real estate | -$192.4M | -$167.3M | -$189.2M |
| Capital expenditures for developments and purchase of note receivable secured by real estate | -$102.5M | -$72.1M | -$41.5M |
| Insurance recoveries for damage to real estate | $3.9M | $3.6M | $2.2M |
| Cash assumed from consolidation of JV | $25.6M | $0 | $0 |
| Acquisition of additional interests in unconsolidated Fund | $0 | -$5.2M | -$5.2M |
| Capital distributions from unconsolidated Fund | $0 | $269.0K | $80.0K |
| Net cash used in investing activities | -$265.3M | -$240.8M | -$233.6M |
| Proceeds from borrowings | $1.3B | $325.0M | $505.0M |
| Repayment of borrowings | -$1.4B | -$434.9M | -$155.9M |
| Loan cost payments | -$31.2M | -$5.6M | -$6.3M |
| Contributions from noncontrolling interests in consolidated JVs | $5.4M | $28.0M | $125.0K |
| Distributions paid to noncontrolling interests | -$28.4M | -$31.6M | -$40.6M |
| Dividends paid to common stockholders | -$127.3M | -$127.2M | -$129.9M |
| Repurchases of OP Units | -$351.0K | -$138.0K | -$2.4M |
| Repurchases of common stock | $0 | $0 | -$109.2M |
| Net cash (used in) provided by financing activities | -$225.3M | -$246.5M | $60.9M |
| (Decrease) increase in cash and cash equivalents and restricted cash | -$103.8M | -$78.5M | $254.2M |
| Cash paid for interest, net of capitalized interest | $237.4M | $219.5M | $196.0M |
| Capitalized interest paid | $11.2M | $8.7M | $1.5M |
| Accrual for real estate and development capital expenditures | $16.8M | $15.8M | $16.5M |
| Capitalized stock-based compensation for improvements to real estate and developments | $6.0M | $6.1M | $6.0M |
| Removal of fully depreciated and amortized buildings, building improvements, tenant improvements and lease intangibles | $253.5M | $114.2M | $102.1M |
| Removal of fully amortized acquired lease intangible assets | $1.7M | $203.0K | $427.0K |
| Removal of fully accreted acquired lease intangible liabilities | $10.3M | $13.3M | $16.8M |
| Gain recorded in AOCI | -$7.7M | $47.9M | $45.4M |
| Dividends declared | $127.3M | $127.2M | $128.3M |
| Exchange of OP Units for common stock | $379.0K | $3.5M | $7.7M |
| Seller financing of note receivable purchase | $0 | $61.8M | $0 |
No quarter-by-quarter statement was filed.
Leadership
Who has led Douglas Emmett Inc, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
- Chief executive officerJordan L. Kaplan Oct 23, 2006 to now13
- ChairJordan L. Kaplan Dec 17, 2025 to now14
- ChairDan A. Emmett Oct 23, 2006 to Jun 12, 202315
- PresidentKenneth M. Panzer Dec 17, 2025 to now16
- PresidentJordan L. Kaplan Oct 23, 2006 to Dec 17, 202513
- Chief financial officerPeter Seymour Mar 6, 2019 to now17
- Chief financial officerMona Gisler Dec 13, 2016 to Dec 10, 201818
- Chief financial officerTheodore E. Guth Jan 18, 2012 to Dec 23, 201519
- Chief financial officerWilliam Kamer Oct 23, 2006 to Jan 20, 201120
- Chief operating officerKenneth M. Panzer Nov 1, 2006 to now21
Board members and other officers (22)
- EVP, GEN COUNSEL & SECYMichele L. Aronson Sep 12, 2023 to now22
- PAOMona Gisler May 20, 2015 to Dec 23, 201523
- Chief Investment OfficerKevin Andrew Crummy Jul 28, 2014 to now24
- Ch. Investment Officer, Treas.William Kamer Jan 18, 2012 to Dec 18, 201325
- EVP, SecyTheodore E. Guth Jan 5, 2011 to Jan 20, 201126
- Chief Accounting OfficerBarbara J. Orr Oct 23, 2006 to Nov 1, 200627
- SVP, Property ManagementAllan B. Golad Nov 1, 2006 to Nov 1, 200628
- EVP of FinanceAndres Gavinet Nov 1, 2006 to Jan 29, 200829
- SVP, Commercial LeasingMichael J. Means Nov 1, 2006 to Nov 1, 200630
- Board memberDan A. Emmett Dec 29, 2023 to now31
- Board memberShirley Wang Apr 7, 2022 to now32
- Board memberDorene Dominguez May 4, 2021 to now33
- Board memberJohnese Spisso Sep 6, 2019 to Jan 4, 202234
- Board memberVirginia McFerran Jun 1, 2015 to now35
- Board memberDavid Feinberg Jul 18, 2011 to Dec 29, 202336
- Board memberJordan L. Kaplan Oct 23, 2006 to now13
- Board memberAndrea L. Rich Nov 1, 2006 to Dec 28, 201237
- Board memberGhebre Selassie Mehreteab Nov 1, 2006 to Sep 9, 201038
- Board memberHern Thomas E. O. Nov 1, 2006 to now39
- Board memberKenneth M. Panzer Nov 1, 2006 to now21
- Board memberLeslie E. Bider Nov 1, 2006 to now40
- Board memberVictor J. Coleman Nov 3, 2006 to Mar 6, 200941
Timeline
- Oct 23, 2006New chief executive Jordan L. Kaplan becomes CEO13
Filings
179 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 32 major events, 81 insider forms, 25 large holders, 21 other. The latest 20:
- Oct 9, 20263 EDGAR
- Aug 10, 2026S-8 EDGAR
- Aug 7, 202610-Q EDGAR
- Aug 4, 20268-K EDGAR
- Jun 3, 20268-K EDGAR
- May 13, 2026SCHEDULE 13G EDGAR
- May 8, 202610-Q EDGAR
- May 5, 20268-K EDGAR
- Apr 29, 2026SCHEDULE 13G EDGAR
- Apr 29, 2026SCHEDULE 13G EDGAR
- Apr 17, 2026ARS EDGAR
- Apr 17, 2026DEF 14A EDGAR
- Apr 10, 20264/A EDGAR
- Apr 10, 20264/A EDGAR
- Apr 10, 20268-K EDGAR
- Mar 26, 2026SCHEDULE 13G/A EDGAR
- Feb 20, 202610-K EDGAR
- Feb 18, 20264 EDGAR
- Feb 10, 20268-K EDGAR
- Dec 17, 20254 EDGAR
The 179 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
12 open-market trades by officers, directors and large owners since October 2021: 11 buys and 1 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Feb 13, 2026 | Kaplan Jordan LChairman and CEO | Buy | 98,000 | $10.18 | $997.6K | Form 4 |
| Nov 17, 2025 | Aronson Michele LEVP, GEN COUNSEL & SECRETARY | Buy | 34,626 | $11.68 | $404.4K | Form 4 |
| Nov 14, 2025 | Aronson Michele LEVP, GEN COUNSEL & SECRETARY | Buy | 7,500 | $11.75 | $88.1K | Form 4 |
| Jun 10, 2024 | SIMON WILLIAM E JRDirector | Buy | 45,000 | $13.15 | $591.8K | Form 4 |
| Dec 6, 2023 | SIMON WILLIAM E JRDirector | Sale | 91,000 | $13.95 | $1.3M | Form 4 |
| Jun 8, 2023 | SIMON WILLIAM E JRDirector | Buy | 10,000 | $12.42 | $124.2K | Form 4 |
| Sep 28, 2022 | SIMON WILLIAM E JRDirector | Buy | 13,200 | $18.73 | $247.2K | Form 4 |
| Sep 8, 2022 | Wang ShirleyDirector | Buy | 284,000 | $21.17 | $6.0M | Form 4 |
| Sep 7, 2022 | Kaplan Jordan LChairman and CEO | Buy | 48,750 | $20.48 | $998.4K | Form 4 |
| Sep 2, 2022 | Feinberg David TDirector | Buy | 25,000 | $20.31 | $507.8K | Form 4 |
| Aug 31, 2022 | SIMON WILLIAM E JRDirector | Buy | 25,000 | $19.89 | $497.2K | Form 4 |
| Aug 31, 2022 | Bider Leslie EDirector | Buy | 25,000 | $19.94 | $498.5K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- First Pacific Advisors, LPSCHEDULE 13G, 1 filing May 13, 202642
- VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 29, 202643
- VANGUARD PORTFOLIO MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 29, 202644
- VANGUARD GROUP INCSCHEDULE 13G/A, 4 filings Feb 9, 2022 to Mar 26, 202645
- FMR LLCSCHEDULE 13G/A, 4 filings Feb 9, 2022 to Nov 5, 202546
- Wellington Management CompanySCHEDULE 13G/A, 3 filings Feb 9, 2024 to May 12, 202547
- First Eagle Investment Management, LLCSC 13G/A, 2 filings Feb 9, 2023 to Feb 9, 202448
- State Street CorporationSC 13G/A, 2 filings Jan 20, 2023 to Jan 30, 202449
- NORGES BANKSC 13G/A, 2 filings Nov 17, 2022 to Feb 14, 202350
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| First Eagle Investment Management, LLC | 27,916,656 | $329.4M | 0.3% | +13,958,603 |
| BlackRock, Inc. | 24,390,075 | $287.8M | 0.0% | +2,368 |
| Vanguard Portfolio Management LLC | 16,415,766 | $193.7M | 0.0% | −94,999 |
| State Street Corp | 9,462,313 | $113.4M | 0.0% | −2,891 |
| First Pacific Advisors, LP | 8,743,999 | $103.2M | 1.3% | +107,029 |
| Vanguard Capital Management LLC | 7,246,985 | $85.5M | 0.0% | −84,860 |
| Arrowstreet Capital, Limited Partnership | 5,308,249 | $62.6M | 0.0% | +2,060,105 |
| Fmr LLC | 4,935,809 | $58.2M | 0.0% | −153,726 |
| Geode Capital Management, LLC | 4,695,782 | $55.4M | 0.0% | +250,748 |
| Balyasny Asset Management L.P. | 4,538,823 | $53.6M | 0.1% | +1,976,340 |
| Charles Schwab Investment Management Inc | 4,146,660 | $48.9M | 0.0% | +206,571 |
| Goldman Sachs Group Inc | 3,600,448 | $42.5M | 0.0% | +122,153 |
| Schroder Investment Management Group | 2,954,311 | $34.4M | 0.0% | +1,850,459 |
| Victory Capital Management Inc | 2,577,217 | $30.4M | 0.0% | +232,995 |
| Morgan Stanley | 2,412,265 | $28.5M | 0.0% | +266,553 |
| Aqr Capital Management LLC | 2,353,329 | $27.8M | 0.0% | +1,721,730 |
| Jpmorgan Chase & Co | 2,334,047 | $27.7M | 0.0% | +589,017 |
| First Manhattan Co. Llc. | 2,305,457 | $27.6M | 0.1% | +51,183 |
| Legal & General Group Plc | 2,336,573 | $27.6M | 0.0% | +79,857 |
| Dimensional Fund Advisors LP | 2,236,952 | $26.4M | 0.0% | +165,992 |
| Hsbc Holdings PLC | 2,202,536 | $26.3M | 0.0% | +76,513 |
| Northern Trust Corp | 2,130,581 | $25.1M | 0.0% | +69,829 |
| Ameriprise Financial Inc | 2,072,382 | $24.5M | 0.0% | +184,850 |
| Millennium Management LLC | 1,873,798 | $22.1M | 0.0% | −421,953 |
| Bank of New York Mellon Corp | 1,525,598 | $18.0M | 0.0% | +158,614 |
13F reports cover disclosed long positions in U.S. stocks only.
Members of Congress who traded it
2 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| Mar 6, 2023 | Daniel S. GoldmanDemocratic, House | Sale | $1,001 - $15,000 | +122.7% | Report |
| Mar 1, 2023 | Daniel S. GoldmanDemocratic, House | Sale | $1,001 - $15,000 | +126.6% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 14SEC EDGARJordan L. Kaplan, Chair
- 15SEC EDGARDan A. Emmett, Chair
- 16SEC EDGARKenneth M. Panzer, President
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- 18SEC EDGARMona Gisler, Chief financial officer
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- 23SEC EDGARMona Gisler, PAO
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- 26SEC EDGARTheodore E. Guth, EVP, Secy
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- 29SEC EDGARAndres Gavinet, EVP of Finance
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- 31SEC EDGARDan A. Emmett, Board member
- 32SEC EDGARShirley Wang, Board member
- 33SEC EDGARDorene Dominguez, Board member
- 34SEC EDGARJohnese Spisso, Board member
- 35SEC EDGARVirginia McFerran, Board member
- 36SEC EDGARDavid Feinberg, Board member
- 37SEC EDGARAndrea L. Rich, Board member
- 38
- 39SEC EDGARHern Thomas E. O., Board member
- 40SEC EDGARLeslie E. Bider, Board member
- 41SEC EDGARVictor J. Coleman, Board member
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