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Douglas Emmett, Inc. is a fully integrated, self-administered and self-managed real estate investment trust , 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. Douglas Emmett, Inc. was incorporated in 1971 in Maryland.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.0B | $654M | $16M | $92M | 0.9% | 1.8% | -30.8% |
| 2024 | $986M | $621M | $24M | $169M | 1.1% | -3.3% | -155.1% |
| 2023 | $1.0B | $594M | $-43M | $196M | -1.9% | 2.7% | -144.0% |
| 2022 | $994M | $620M | $97M | $259M | 3.8% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 993.65 | 1,020.49 | 986.48 | 1,003.98 |
| Cost Of Revenue | - | 333.82 | 361.63 | 350.26 | 367.94 |
| Gross Profit | - | 659.83 | 658.86 | 636.22 | 636.04 |
| Operating Expense | - | 418.20 | 509.18 | 429.40 | 445.60 |
| Operating Income | - | 241.63 | 149.67 | 206.82 | 190.45 |
| EBITDA | - | 619.52 | 593.58 | 621.08 | 654.18 |
| EBIT | - | 246.72 | 133.63 | 237.03 | 255.24 |
| Pretax Income | - | 96.54 | -75.84 | 7.59 | -11.43 |
| Net Income | - | 97.14 | -42.71 | 23.52 | 16.27 |
| Net Income Common Stockholders | - | 96.23 | -43.90 | 22.14 | 14.80 |
| Total Expenses | - | 752.02 | 870.82 | 779.66 | 813.53 |
| Interest Expense | - | 150.18 | 209.47 | 229.44 | 266.68 |
| Selling General And Administration | - | 45.40 | 49.24 | 45.36 | 46.66 |
| Normalized EBITDA | - | 619.52 | 593.58 | 621.08 | 606.96 |
| Normalized Income | - | 97.14 | -42.71 | 23.52 | -30.94 |
| Market Cap | 1,792.09 | 1,792.09 | 1,792.09 | 1,792.09 | 1,792.09 |
Real Estate sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Douglas Emmett, Inc.this co. | DEI | $1.9B | 110.17↑ premium | 0.94 | 0.9% | 10.72 |
| Arbor Realty Trust, Inc. | ABR | $2.1B | 10.30 | 0.66 | 6.4% | - |
| NETSTREIT Corp. | NTST | $2.0B | 171.42 | 1.32 | 0.5% | 19.60 |
| Diversified Healthcare Trust | DHC | $1.8B | - | 1.10 | -17.2% | 18.61 |
| SmartStop Self Storage REIT, Inc. | SMA | $1.8B |
| - |
| - |
| - |
| - |
| - |
| - |
| 1.48 |
| -0.1% |
| 22.00 |
| Century Communities, Inc. | CCS | $1.8B | 11.66 | 0.66 | 5.7% | 12.96 |
| LTC Properties, Inc. | LTC | $1.8B | 16.05 | 1.76 | 11.0% | 13.80 |
| Apollo Commercial Real Estate Finance, Inc. | ARI | $1.7B | 12.18 | 0.83 | 6.8% | - |
| Empire State Realty Trust, Inc. | ESRT | $1.7B | 22.48 | 0.90 | 2.6% | 12.71 |
| Peer Median | - | 14.11 | 1.00 | 4.2% | 16.20 | |