Douglas Emmett (DEI) Financials

$14.59 +0.53 (+3.80%)

Closing price 03:59 PM Eastern

Extended Trading

$14.58 -0.02 (-0.13%)

As of 05:21 PM Eastern

Annual Income Statements for Douglas Emmett

This table shows Douglas Emmett's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	58	85	94	116	364	50	-551	97	-43	24
Consolidated Net Income / (Loss)	69	96	104	129	419	39	121	97	-76	7.59
Net Income / (Loss) Continuing Operations	69	96	104	129	419	-853	-560	97	-76	7.59
Total Pre-Tax Income	69	82	104	129	111	-859	-561	95	-41	5.00
Total Revenue	500	605	677	759	805	-143	0.00	848	831	785
Net Interest Income / (Expense)	-135	-146	-145	-133	-143	-143	0.00	-150	-209	-229
Total Interest Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Interest Expense	135	146	145	133	143	143	0.00	150	209	229
Long-Term Debt Interest Expense	135	146	145	133	143	143	-	150	209	229
Total Non-Interest Income	636	751	822	893	948	0.00	0.00	998	1,040	1,014
Other Service Charges	92	8.76	9.71	11	12	-	-	4.59	20	28
Other Non-Interest Income	543	743	812	881	937	-	-	994	1,020	986
Total Non-Interest Expense	446	522	571	629	694	730	561	752	871	780
Other Operating Expenses	54	273	294	320	336	345	190	379	411	396
Depreciation Expense	205	249	277	310	358	385	371	373	460	384
Nonoperating Income / (Expense), net	15	-1.67	-1.13	-1.34	-0.29	14	-	-0.71	-1.03	-0.40
Other Gains / (Losses), net	-	-	0.00	0.00	308	6.39	0.95	1.22	-35	2.59
Net Income / (Loss) Attributable to Noncontrolling Interest	10	11	9.98	13	55	-12	-9.14	-0.61	-33	-16
Basic Earnings per Share	$0.40	$0.57	$0.58	$0.68	$2.09	$0.28	$0.37	$0.55	($0.26)	$0.13
Weighted Average Basic Shares Outstanding	146.09M	149.30M	160.91M	170.22M	175.37M	175.46M	175.72M	175.81M	167.35M	167.45M
Diluted Earnings per Share	$0.39	$0.55	$0.58	$0.68	$2.09	$0.28	$0.37	$0.55	($0.26)	$0.13
Weighted Average Diluted Shares Outstanding	146.09M	149.30M	160.91M	170.22M	175.37M	175.46M	175.72M	175.81M	167.35M	167.45M
Weighted Average Basic & Diluted Shares Outstanding	146.09M	149.30M	160.91M	170.22M	175.37M	175.46M	175.72M	175.81M	167.35M	167.45M
Cash Dividends to Common per Share	$0.85	$0.88	$0.92	$1.01	$1.04	$1.12	$1.12	$1.03	$0.76	$0.76

This table shows Douglas Emmett's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-144	356	-147	-124	-127	355	-160	-104	-102	389
Consolidated Net Income / (Loss)	44	-22	35	-22	-34	-54	15	20	4.36	-32
Net Income / (Loss) Continuing Operations	-146	119	-149	-132	-135	340	-163	-106	-107	383
Total Pre-Tax Income	-146	118	-150	-133	-135	376	-163	-107	-107	382
Total Revenue	0.00	405	0.00	0.00	0.00	831	0.00	0.00	0.00	785
Net Interest Income / (Expense)	0.00	-115	0.00	0.00	0.00	-209	0.00	0.00	0.00	-229
Total Interest Expense	0.00	115	0.00	0.00	0.00	209	0.00	0.00	0.00	229
Total Non-Interest Income	0.00	520	0.00	0.00	0.00	1,040	0.00	0.00	0.00	1,014
Total Non-Interest Expense	146	286	150	133	135	454	163	107	107	403
Other Operating Expenses	50	193	56	11	13	331	67	11	10	307
Depreciation Expense	96	93	93	122	122	123	96	95	97	96
Other Gains / (Losses), net	0.36	-	0.29	0.60	0.29	-36	-0.03	1.15	0.66	0.81
Net Income / (Loss) Attributable to Noncontrolling Interest	-1.74	0.93	-2.21	-7.81	-7.66	-15	-2.78	-1.65	-4.88	-6.63
Basic Earnings per Share	$0.13	$0.14	$0.10	($0.04)	($0.08)	($0.24)	$0.05	$0.06	$0.03	($0.01)
Weighted Average Basic Shares Outstanding	175.79M	175.81M	169.81M	166.74M	166.74M	167.35M	167.38M	167.41M	167.44M	167.45M
Diluted Earnings per Share	$0.13	$0.14	$0.10	($0.04)	($0.08)	($0.24)	$0.05	$0.06	$0.03	($0.01)
Weighted Average Diluted Shares Outstanding	175.79M	175.81M	169.81M	166.74M	166.74M	167.35M	167.38M	167.41M	167.44M	167.45M
Weighted Average Basic & Diluted Shares Outstanding	175.79M	175.81M	169.81M	166.74M	166.74M	167.35M	167.38M	167.41M	167.44M	167.45M

This table details how cash moves in and out of Douglas Emmett's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	83	11	64	-30	7.46	19	163	-67	254	-79
Net Cash From Operating Activities	271	339	403	433	470	420	447	497	427	409
Net Cash From Continuing Operating Activities	271	339	403	433	470	420	447	497	427	409
Net Income / (Loss) Continuing Operations	69	96	104	129	419	39	56	97	-76	7.59
Consolidated Net Income / (Loss)	69	96	104	129	419	39	56	97	-76	7.59
Depreciation Expense	205	249	277	310	358	385	371	373	460	384
Amortization Expense	-12	-9.27	-7.17	-14	-2.21	-10	0.90	-3.77	-2.56	0.98
Non-Cash Adjustments to Reconcile Net Income	3.66	-16	5.67	3.49	-300	21	22	21	54	17
Changes in Operating Assets and Liabilities, net	5.63	19	23	4.96	-4.83	-14	-3.31	10	-8.38	-1.34
Net Cash From Investing Activities	-232	-1,366	-670	-250	-650	-265	-289	-561	-234	-241
Net Cash From Continuing Investing Activities	-233	-1,367	-670	-250	-650	-265	-289	-561	-234	-241
Purchase of Property, Leasehold Improvements and Equipment	-76	-92	-108	-179	-176	-143	-108	-162	-189	-167
Purchase of Investment Securities	-90	-1,620	-542	-9.38	-457	-6.59	0.00	-406	-47	-77
Sale and/or Maturity of Investments	15	373	44	7.35	5.85	39	4.38	7.64	2.26	3.84
Net Cash From Financing Activities	43	1,038	331	-214	188	-136	5.25	-3.00	61	-246
Net Cash From Continuing Financing Activities	43	1,038	331	-214	188	-136	5.25	-3.00	61	-246
Issuance of Debt	1,614	2,110	1,411	667	2,185	674	1,345	245	505	325
Repayment of Debt	-1,416	-1,336	-1,699	-655	-2,096	-550	-1,076	-71	-156	-435
Repurchase of Common Equity	-	-	-	-	-	-	0.00	0.00	-109	0.00
Payment of Dividends	-146	-166	-184	-222	-244	-257	-251	-256	-170	-159
Other Financing Activities, Net	-9.96	381	210	-3.55	141	-3.85	-13	79	-8.55	22
Cash Interest Paid	128	138	136	124	128	137	146	141	197	220

This table details how cash moves in and out of Douglas Emmett's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	9.97	-12	33	-39	263	-3.15	34	4.39	-17	-100
Net Cash From Operating Activities	126	115	145	96	90	95	139	92	104	74
Net Cash From Continuing Operating Activities	126	115	145	96	90	95	139	92	104	74
Net Income / (Loss) Continuing Operations	21	25	16	-15	-21	-56	6.13	9.23	-0.26	-7.51
Consolidated Net Income / (Loss)	21	25	16	-15	-21	-56	6.13	9.23	-0.26	-7.51
Depreciation Expense	96	93	93	122	122	123	96	95	97	96
Amortization Expense	-1.53	-1.29	-1.02	-0.55	-0.32	-0.69	-0.25	0.11	0.41	0.71
Non-Cash Adjustments to Reconcile Net Income	2.19	15	2.92	1.23	-0.44	50	3.34	0.46	1.34	12
Changes in Operating Assets and Liabilities, net	8.03	-17	34	-11	-9.75	-22	34	-13	5.04	-27
Net Cash From Investing Activities	-52	-64	-51	-69	-60	-53	-62	-48	-46	-84
Net Cash From Continuing Investing Activities	-52	-64	-51	-69	-60	-53	-62	-48	-46	-84
Purchase of Property, Leasehold Improvements and Equipment	-41	-51	-40	-51	-54	-44	-48	-40	-40	-39
Purchase of Investment Securities	-	-76	0.00	-	-	-47	-5.21	-	-	-72
Sale and/or Maturity of Investments	3.60	1.91	0.58	0.63	0.56	0.50	0.57	1.92	0.97	0.39
Net Cash From Financing Activities	-64	-63	-61	-67	233	-45	-43	-40	-74	-90
Net Cash From Continuing Financing Activities	-64	-63	-61	-67	233	-45	-43	-40	-74	-90
Issuance of Debt	10	15	10	105	390	-	0.00	-	-	325
Repayment of Debt	-10	-15	-10	-35	-110	-0.22	-0.22	-0.22	-34	-400
Payment of Dividends	-64	-63	-44	-43	-42	-42	-42	-39	-39	-39
Other Financing Activities, Net	0.05	-0.41	-0.66	-0.30	-4.96	-2.63	-0.53	-0.02	-1.50	24
Cash Interest Paid	36	38	41	49	52	55	53	54	60	53

This table presents Douglas Emmett's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	6,066	7,614	8,293	8,262	9,349	9,251	9,354	9,747	9,644	9,404
Cash and Due from Banks	102	113	177	146	154	172	336	269	523	445
Trading Account Securities	169	180	168	184	65	47	62	318	187	101
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Premises and Equipment, Net	4,881	6,512	7,060	6,943	-2,518	8,862	8,790	8,994	8,753	8,579
Intangible Assets	701	701	760	844	6.41	5.14	4.17	3.54	2.97	2.49
Other Assets	212	107	127	144	11,643	163	161	163	178	277
Total Liabilities & Shareholders' Equity	6,066	7,614	8,293	8,262	9,349	9,251	9,354	9,747	9,644	9,404
Total Liabilities	3,785	4,600	4,391	4,413	4,978	5,255	5,367	5,472	5,799	5,745
Non-Interest Bearing Deposits	39	46	50	51	61	56	55	61	62	62
Other Short-Term Payables	90	110	146	174	181	-	-	-	163	163
Long-Term Debt	3,611	4,370	4,117	4,134	4,619	4,745	5,012	5,192	5,543	5,498
Other Long-Term Liabilities	29	67	76	53	63	454	300	218	31	22
Total Equity & Noncontrolling Interests	2,282	3,014	3,902	3,848	4,371	3,996	3,987	4,276	3,845	3,658
Total Preferred & Common Equity	1,926	1,921	2,438	2,402	2,712	2,437	2,416	2,562	2,220	2,059
Total Common Equity	1,926	1,921	2,438	2,402	2,712	2,437	2,416	2,562	2,220	2,059
Common Stock	2,708	2,727	3,274	3,284	3,488	3,490	3,491	3,495	3,395	3,398
Retained Earnings	-773	-821	-880	-936	-759	-905	-1,036	-1,120	-1,291	-1,394
Accumulated Other Comprehensive Income / (Loss)	-9.29	15	43	54	-17	-148	-39	187	116	55
Noncontrolling Interest	355	1,093	1,465	1,446	1,659	1,559	1,570	1,713	1,626	1,600

This table presents Douglas Emmett's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	9,806	9,678	9,615	9,846	9,637	9,564	9,452
Cash and Due from Banks	281	302	263	526	557	561	544
Trading Account Securities	336	266	302	296	196	169	100
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Premises and Equipment, Net	9,014	8,950	8,893	8,827	8,711	8,666	8,619
Intangible Assets	3.67	3.39	3.24	3.10	2.85	2.73	2.61
Other Assets	171	157	154	193	171	164	186
Total Liabilities & Shareholders' Equity	9,806	9,678	9,615	9,846	9,637	9,564	9,452
Total Liabilities	5,508	5,494	5,541	5,839	5,820	5,801	5,794
Non-Interest Bearing Deposits	61	62	62	62	62	63	63
Other Short-Term Payables	-	-	-	-	-	-	194
Long-Term Debt	5,191	5,193	5,265	5,542	5,545	5,546	5,513
Other Long-Term Liabilities	256	239	214	234	213	192	24
Total Equity & Noncontrolling Interests	4,298	4,184	4,074	4,007	3,817	3,763	3,658
Total Preferred & Common Equity	2,584	2,495	2,387	2,337	2,203	2,164	2,090
Total Common Equity	2,584	2,495	2,387	2,337	2,203	2,164	2,090
Common Stock	3,495	3,479	3,386	3,386	3,397	3,398	3,398
Retained Earnings	-1,111	-1,134	-1,173	-1,218	-1,314	-1,335	-1,362
Accumulated Other Comprehensive Income / (Loss)	200	151	175	170	119	101	54
Noncontrolling Interest	1,714	1,689	1,687	1,670	1,614	1,599	1,568

This table displays calculated financial ratios and metrics derived from Douglas Emmett's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.22%	20.95%	11.80%	12.23%	6.02%	-117.75%	100.00%	0.00%	-2.05%	-5.49%
EBITDA Growth	7.94%	30.65%	16.12%	13.52%	9.56%	-206.78%	62.03%	345.87%	-10.29%	-6.42%
EBIT Growth	40.23%	54.28%	26.53%	23.11%	-14.55%	-886.23%	35.71%	117.11%	-141.83%	113.43%
NOPAT Growth	40.23%	81.32%	7.66%	23.11%	-14.55%	-650.36%	35.71%	124.44%	-129.28%	119.18%
Net Income Growth	30.08%	39.76%	8.68%	23.16%	225.55%	-90.79%	214.89%	-20.48%	-178.56%	110.01%
EPS Growth	30.00%	41.03%	5.45%	17.24%	207.35%	-86.60%	32.14%	48.65%	-147.27%	150.00%
Operating Cash Flow Growth	10.02%	25.06%	18.63%	7.52%	8.45%	-10.51%	6.36%	11.17%	-14.07%	-4.28%
Free Cash Flow Firm Growth	31.96%	-1,541.21%	62.10%	131.70%	-671.30%	67.61%	-111.52%	42.66%	113.67%	366.15%
Invested Capital Growth	2.40%	25.07%	8.52%	-0.45%	13.28%	-3.36%	2.95%	5.21%	-0.84%	-2.47%
Revenue Q/Q Growth	2.42%	7.19%	48.44%	-20.19%	0.00%	0.00%	100.00%	760.09%	287.41%	0.00%
EBITDA Q/Q Growth	5.37%	10.12%	140.46%	-32.18%	39.74%	-227.31%	61.26%	284.49%	177.87%	246.00%
EBIT Q/Q Growth	19.41%	21.24%	196.54%	-62.79%	0.00%	0.00%	34.76%	115.45%	95.83%	100.79%
NOPAT Q/Q Growth	19.41%	42.48%	237.91%	-62.79%	0.00%	0.00%	34.76%	122.10%	95.83%	101.14%
Net Income Q/Q Growth	5.86%	6.49%	10.03%	-6.17%	0.00%	0.00%	126.97%	-52.38%	-243.46%	113.35%
EPS Q/Q Growth	5.41%	5.77%	11.54%	-5.56%	0.00%	0.00%	5.71%	3.77%	-316.67%	230.00%
Operating Cash Flow Q/Q Growth	5.34%	2.42%	5.29%	1.67%	2.06%	-10.08%	10.89%	1.61%	-4.57%	-4.81%
Free Cash Flow Firm Q/Q Growth	57.62%	10.91%	-1.30%	17.61%	-391.18%	56.77%	-5.16%	60.97%	106.94%	346.76%
Invested Capital Q/Q Growth	2.32%	-0.09%	2.33%	-0.77%	9.78%	-2.34%	0.35%	-0.22%	-1.68%	-0.16%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	49.42%	53.39%	55.45%	56.09%	57.96%	0.00%	0.00%	54.84%	50.23%	49.73%
EBIT Margin	10.81%	13.79%	15.60%	17.11%	13.79%	0.00%	0.00%	11.32%	-4.84%	0.69%
Profit (Net Income) Margin	13.74%	15.88%	15.43%	16.94%	52.01%	0.00%	0.00%	11.38%	-9.13%	0.97%
Tax Burden Percent	100.00%	117.52%	100.00%	100.00%	378.02%	-4.49%	-21.63%	101.28%	184.09%	151.91%
Interest Burden Percent	127.15%	98.00%	98.93%	98.97%	99.74%	98.42%	100.00%	99.26%	102.57%	92.62%
Effective Tax Rate	0.00%	-17.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.93%	1.47%	1.37%	1.62%	1.30%	0.00%	0.00%	1.04%	-0.30%	0.06%
ROIC Less NNEP Spread (ROIC-NNEP)	1.34%	1.43%	1.34%	1.59%	8.29%	0.00%	0.00%	1.05%	-1.19%	0.10%
Return on Net Nonoperating Assets (RNNOA)	2.07%	2.15%	1.65%	1.69%	8.88%	0.00%	0.00%	1.30%	-1.57%	0.14%
Return on Equity (ROE)	2.99%	3.63%	3.02%	3.32%	10.19%	0.92%	3.04%	2.34%	-1.87%	0.20%
Cash Return on Invested Capital (CROIC)	-1.44%	-20.80%	-6.80%	2.08%	-11.15%	-3.46%	-7.33%	-4.04%	0.54%	2.56%
Operating Return on Assets (OROA)	0.90%	1.22%	1.33%	1.57%	1.26%	0.00%	0.00%	1.01%	-0.41%	0.06%
Return on Assets (ROA)	1.15%	1.40%	1.31%	1.55%	4.76%	0.00%	0.00%	1.01%	-0.78%	0.08%
Return on Common Equity (ROCE)	2.52%	2.64%	1.90%	2.07%	6.34%	0.57%	1.85%	1.41%	-1.10%	0.12%
Return on Equity Simple (ROE_SIMPLE)	3.57%	5.00%	4.28%	5.35%	15.44%	1.58%	5.02%	3.77%	-3.42%	0.37%
Net Operating Profit after Tax (NOPAT)	54	98	106	130	111	-611	-393	96	-28	5.39
NOPAT Margin	10.81%	16.20%	15.60%	17.11%	13.79%	0.00%	0.00%	11.32%	-3.38%	0.69%
Net Nonoperating Expense Percent (NNEP)	-0.41%	0.05%	0.03%	0.03%	-6.98%	-13.80%	-10.54%	-0.01%	0.89%	-0.04%
SG&A Expenses to Revenue	37.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	89.19%	86.21%	84.40%	82.89%	86.21%	0.00%	0.00%	88.68%	104.84%	99.31%
Earnings before Interest and Taxes (EBIT)	54	83	106	130	111	-873	-561	96	-40	5.39
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	247	323	375	426	467	-498	-189	465	417	390
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.74	2.16	2.20	1.91	2.30	1.77	2.12	0.96	1.04	1.51
Price to Tangible Book Value (P/TBV)	2.73	3.41	3.19	2.94	2.31	1.77	2.13	0.97	1.04	1.51
Price to Revenue (P/Rev)	6.69	6.87	7.91	6.04	7.75	0.00	0.00	2.91	2.77	3.96
Price to Earnings (P/E)	57.30	48.69	56.66	39.49	17.16	85.61	0.00	25.43	0.00	132.14
Dividend Yield	3.73%	3.24%	2.98%	3.74%	2.98%	4.55%	3.83%	7.33%	5.51%	4.09%
Earnings Yield	1.75%	2.05%	1.76%	2.53%	5.83%	1.17%	0.00%	3.93%	0.00%	0.76%
Enterprise Value to Invested Capital (EV/IC)	1.22	1.29	1.34	1.26	1.37	1.20	1.26	0.96	0.95	1.07
Enterprise Value to Revenue (EV/Rev)	14.44	15.72	15.90	13.20	15.43	0.00	0.00	10.74	10.77	12.43
Enterprise Value to EBITDA (EV/EBITDA)	29.22	29.45	28.68	23.53	26.62	0.00	0.00	19.58	21.44	25.00
Enterprise Value to EBIT (EV/EBIT)	133.64	114.04	101.91	77.10	111.85	0.00	0.00	94.83	0.00	1,809.86
Enterprise Value to NOPAT (EV/NOPAT)	133.64	97.04	101.91	77.10	111.85	0.00	0.00	94.83	0.00	1,809.86
Enterprise Value to Operating Cash Flow (EV/OCF)	26.62	28.03	26.71	23.14	26.45	24.86	25.45	18.33	20.95	23.88
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	60.28	0.00	0.00	0.00	0.00	175.42	41.06
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.59	1.45	1.06	1.07	1.07	1.19	1.26	1.21	1.44	1.50
Long-Term Debt to Equity	1.58	1.45	1.06	1.07	1.06	1.19	1.26	1.21	1.44	1.50
Financial Leverage	1.54	1.51	1.23	1.06	1.07	1.13	1.22	1.24	1.32	1.47
Leverage Ratio	2.61	2.58	2.30	2.14	2.14	2.22	2.33	2.31	2.39	2.54
Compound Leverage Factor	3.32	2.53	2.28	2.11	2.14	2.19	2.33	2.29	2.45	2.35
Debt to Total Capital	61.39%	59.22%	51.35%	51.80%	51.67%	54.28%	55.70%	54.84%	59.04%	60.05%
Short-Term Debt to Total Capital	0.28%	0.09%	0.01%	0.02%	0.60%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	61.11%	59.12%	51.34%	51.78%	51.07%	54.28%	55.70%	54.84%	59.04%	60.05%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	6.01%	14.79%	18.26%	18.11%	18.34%	17.83%	17.45%	18.10%	17.31%	17.47%
Common Equity to Total Capital	32.60%	26.00%	30.39%	30.09%	29.99%	27.88%	26.85%	27.06%	23.64%	22.48%
Debt to EBITDA	14.67	13.55	10.98	9.71	10.02	-9.52	-26.50	11.16	13.29	14.08
Net Debt to EBITDA	14.26	13.20	10.51	9.37	9.69	-9.18	-24.72	10.59	12.03	12.94
Long-Term Debt to EBITDA	14.60	13.53	10.98	9.71	9.90	-9.52	-26.50	11.16	13.29	14.08
Debt to NOPAT	67.09	44.64	39.01	31.82	42.09	-7.76	-12.76	54.07	-197.16	1,019.47
Net Debt to NOPAT	65.20	43.48	37.34	30.70	40.70	-7.48	-11.90	51.27	-178.55	937.03
Long-Term Debt to NOPAT	66.78	44.57	39.01	31.81	41.59	-7.76	-12.76	54.07	-197.16	1,019.47
Noncontrolling Interest Sharing Ratio	15.79%	27.35%	36.98%	37.55%	37.78%	38.46%	39.20%	39.74%	41.11%	42.98%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-84	-1,383	-524	166	-950	-308	-651	-373	51	238
Operating Cash Flow to CapEx	359.31%	369.67%	371.75%	241.81%	266.13%	292.95%	411.94%	306.03%	225.72%	244.23%
Free Cash Flow to Firm to Interest Expense	-0.62	-9.46	-3.61	1.25	-6.63	-2.15	0.00	-2.48	0.24	1.04
Operating Cash Flow to Interest Expense	2.00	2.32	2.77	3.25	3.28	2.94	0.00	3.31	2.04	1.78
Operating Cash Flow Less CapEx to Interest Expense	1.45	1.69	2.03	1.90	2.05	1.94	0.00	2.23	1.14	1.05
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.08	0.09	0.09	0.09	0.09	0.00	0.00	0.09	0.09	0.08
Fixed Asset Turnover	0.10	0.11	0.10	0.11	0.00	0.00	0.00	0.10	0.09	0.09
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,909	7,390	8,020	7,984	9,045	8,741	8,999	9,468	9,389	9,156
Invested Capital Turnover	0.09	0.09	0.09	0.09	0.09	0.00	0.00	0.09	0.09	0.08
Increase / (Decrease) in Invested Capital	138	1,481	630	-36	1,061	-304	258	469	-79	-232
Enterprise Value (EV)	7,227	9,514	10,757	10,020	12,421	10,448	11,376	9,107	8,945	9,761
Market Capitalization	3,345	4,158	5,351	4,584	6,242	4,316	5,129	2,471	2,299	3,108
Book Value per Share	$13.12	$12.68	$14.38	$14.14	$15.47	$13.90	$13.77	$14.58	$13.31	$12.30
Tangible Book Value per Share	$8.35	$8.05	$9.89	$9.17	$15.43	$13.87	$13.74	$14.56	$13.30	$12.28
Total Capital	5,909	7,390	8,020	7,984	9,045	8,741	8,999	9,468	9,389	9,156
Total Debt	3,628	4,376	4,118	4,136	4,674	4,745	5,012	5,192	5,543	5,498
Total Long-Term Debt	3,611	4,370	4,117	4,134	4,619	4,745	5,012	5,192	5,543	5,498
Net Debt	3,526	4,263	3,942	3,989	4,520	4,573	4,676	4,923	5,020	5,053
Capital Expenditures (CapEx)	76	92	108	179	176	143	108	162	189	167
Net Nonoperating Expense (NNE)	-15	1.96	1.13	1.34	-308	-650	-514	-0.51	48	-2.20
Net Nonoperating Obligations (NNO)	3,628	4,376	4,118	4,136	4,674	4,745	5,012	5,192	5,543	5,498
Total Depreciation and Amortization (D&A)	193	240	270	296	356	375	372	369	457	385
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.40	$0.57	$0.58	$0.68	$2.09	$0.28	$0.37	$0.55	($0.26)	$0.13
Adjusted Weighted Average Basic Shares Outstanding	147.34M	153.09M	169.57M	170.22M	175.37M	175.46M	175.72M	175.81M	167.35M	167.45M
Adjusted Diluted Earnings per Share	$0.39	$0.55	$0.58	$0.68	$2.09	$0.28	$0.37	$0.55	($0.26)	$0.13
Adjusted Weighted Average Diluted Shares Outstanding	147.34M	153.09M	169.57M	170.22M	175.37M	175.46M	175.72M	175.81M	167.35M	167.45M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$2.09	$0.28	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	147.34M	153.09M	169.57M	170.22M	175.37M	175.46M	175.72M	175.81M	167.35M	167.45M
Normalized Net Operating Profit after Tax (NOPAT)	38	58	74	91	78	-611	-393	67	-28	3.78
Normalized NOPAT Margin	7.57%	9.65%	10.92%	11.98%	9.66%	0.00%	0.00%	7.93%	-3.38%	0.48%
Pre Tax Income Margin	13.74%	13.51%	15.43%	16.94%	13.76%	0.00%	0.00%	11.24%	-4.96%	0.64%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.40	0.57	0.73	0.97	0.77	-6.11	0.00	0.64	-0.19	0.02
NOPAT to Interest Expense	0.40	0.67	0.73	0.97	0.77	-4.28	0.00	0.64	-0.13	0.02
EBIT Less CapEx to Interest Expense	-0.16	-0.06	-0.02	-0.37	-0.46	-7.12	0.00	-0.44	-1.09	-0.71
NOPAT Less CapEx to Interest Expense	-0.16	0.04	-0.02	-0.37	-0.46	-5.28	0.00	-0.44	-1.04	-0.71
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	212.02%	173.07%	176.32%	172.59%	58.32%	665.90%	207.13%	264.94%	-224.79%	2,092.45%
Augmented Payout Ratio	212.02%	173.07%	176.32%	172.59%	58.32%	665.90%	207.13%	264.94%	-368.83%	2,092.45%

This table displays calculated financial ratios and metrics derived from Douglas Emmett's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-100.00%	170.81%	-100.00%	0.00%	0.00%	105.19%	0.00%	0.00%	0.00%	-5.49%
EBITDA Growth	-146.38%	141.60%	-116.21%	76.57%	74.33%	136.99%	-16.85%	0.85%	26.18%	-4.14%
EBIT Growth	-1,033.55%	119.84%	-156.45%	6.60%	7.60%	217.27%	-8.72%	19.26%	20.44%	1.46%
NOPAT Growth	-753.49%	128.19%	-139.51%	6.60%	7.60%	218.49%	-8.72%	19.26%	20.44%	1.64%
Net Income Growth	180.50%	-126.28%	31.52%	-146.32%	-177.86%	-142.81%	-56.45%	190.05%	112.67%	40.51%
EPS Growth	30.00%	16.67%	-28.57%	-128.57%	-161.54%	-271.43%	-50.00%	250.00%	137.50%	95.83%
Operating Cash Flow Growth	7.16%	7.31%	4.30%	-17.04%	-28.29%	-17.76%	-4.43%	-4.56%	14.61%	-21.80%
Free Cash Flow Firm Growth	-87,471.97%	48.08%	-338.56%	97.56%	75.08%	229.58%	71.21%	-226.46%	295.42%	35.03%
Invested Capital Growth	5.81%	5.21%	2.60%	-0.84%	0.64%	-0.84%	-0.16%	-0.32%	-3.97%	-2.47%
Revenue Q/Q Growth	0.00%	0.00%	100.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	-4.52%	511.53%	87.33%	80.03%	-14.51%	3,899.32%	45.47%	83.05%	14.74%	5,033.55%
EBIT Q/Q Growth	-2.87%	181.38%	72.58%	11.44%	-1.77%	379.44%	33.77%	34.24%	-0.29%	456.36%
NOPAT Q/Q Growth	-2.87%	215.50%	72.58%	11.44%	-1.77%	498.10%	33.77%	34.24%	-0.29%	608.55%
Net Income Q/Q Growth	-8.39%	-150.03%	-53.98%	-164.66%	-53.99%	-56.04%	115.61%	33.70%	-78.33%	-832.42%
EPS Q/Q Growth	-7.14%	7.69%	-28.57%	-140.00%	-100.00%	-200.00%	120.83%	20.00%	-50.00%	-133.33%
Operating Cash Flow Q/Q Growth	8.76%	-8.69%	26.26%	-33.84%	-5.99%	4.72%	46.72%	-33.92%	12.89%	-28.54%
Free Cash Flow Firm Q/Q Growth	-9.70%	43.70%	59.82%	95.94%	-1,020.06%	392.80%	-6.05%	54.00%	770.46%	102.32%
Invested Capital Q/Q Growth	0.75%	-0.22%	-0.96%	-0.40%	2.25%	-1.68%	-0.29%	-0.56%	-1.49%	-0.16%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	0.00%	52.05%	0.00%	0.00%	0.00%	60.11%	0.00%	0.00%	0.00%	60.97%
EBIT Margin	0.00%	29.34%	0.00%	0.00%	0.00%	45.36%	0.00%	0.00%	0.00%	48.70%
Profit (Net Income) Margin	0.00%	-5.46%	0.00%	0.00%	0.00%	-6.46%	0.00%	0.00%	0.00%	-4.07%
Tax Burden Percent	-30.26%	-18.73%	-23.08%	16.85%	25.50%	-14.28%	-9.25%	-18.80%	-4.06%	-8.36%
Interest Burden Percent	100.00%	99.34%	100.00%	100.00%	100.00%	99.73%	100.00%	100.00%	100.00%	99.90%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	2.68%	0.00%	0.00%	0.00%	3.99%	0.00%	0.00%	0.00%	4.12%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-0.07%	0.00%	0.00%	0.00%	-4.01%	0.00%	0.00%	0.00%	-3.38%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-0.08%	0.00%	0.00%	0.00%	-5.31%	0.00%	0.00%	0.00%	-4.97%
Return on Equity (ROE)	4.91%	2.59%	4.86%	3.17%	1.27%	-1.32%	-3.45%	-2.44%	-1.48%	-0.85%
Cash Return on Invested Capital (CROIC)	-10.36%	-4.04%	-10.00%	-6.43%	-7.72%	0.54%	-5.30%	-4.98%	-1.03%	2.56%
Operating Return on Assets (OROA)	0.00%	2.61%	0.00%	0.00%	0.00%	3.89%	0.00%	0.00%	0.00%	4.01%
Return on Assets (ROA)	0.00%	-0.48%	0.00%	0.00%	0.00%	-0.55%	0.00%	0.00%	0.00%	-0.34%
Return on Common Equity (ROCE)	2.97%	1.56%	2.93%	1.88%	0.75%	-0.78%	-2.03%	-1.42%	-0.86%	-0.49%
Return on Equity Simple (ROE_SIMPLE)	7.85%	0.00%	8.09%	5.50%	2.26%	0.00%	-6.27%	-4.42%	-2.72%	0.00%
Net Operating Profit after Tax (NOPAT)	-102	118	-105	-93	-94	376	-114	-75	-75	382
NOPAT Margin	0.00%	29.15%	0.00%	0.00%	0.00%	45.24%	0.00%	0.00%	0.00%	48.65%
Net Nonoperating Expense Percent (NNEP)	-2.87%	2.75%	-2.73%	-1.35%	-1.12%	8.00%	-2.40%	-1.76%	-1.44%	7.50%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	0.00%	70.66%	0.00%	0.00%	0.00%	54.64%	0.00%	0.00%	0.00%	51.30%
Earnings before Interest and Taxes (EBIT)	-146	119	-150	-133	-135	377	-163	-107	-107	382
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-51	211	-57	-11	-13	499	-67	-11	-9.70	479
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.10	0.96	0.81	0.84	0.86	1.04	1.04	1.03	1.41	1.51
Price to Tangible Book Value (P/TBV)	1.10	0.97	0.81	0.85	0.86	1.04	1.04	1.03	1.41	1.51
Price to Revenue (P/Rev)	0.00	2.91	0.00	0.00	0.00	2.77	0.00	0.00	0.00	3.96
Price to Earnings (P/E)	0.00	25.43	0.00	0.00	0.00	0.00	0.00	0.00	0.00	132.14
Dividend Yield	6.91%	7.33%	8.20%	7.16%	6.28%	5.51%	5.56%	5.71%	4.33%	4.09%
Earnings Yield	0.00%	3.93%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.76%
Enterprise Value to Invested Capital (EV/IC)	1.00	0.96	0.92	0.93	0.91	0.95	0.95	0.95	1.03	1.07
Enterprise Value to Revenue (EV/Rev)	0.00	10.74	0.00	0.00	0.00	10.77	0.00	0.00	0.00	12.43
Enterprise Value to EBITDA (EV/EBITDA)	0.00	19.58	0.00	0.00	0.00	21.44	0.00	0.00	0.00	25.00
Enterprise Value to EBIT (EV/EBIT)	0.00	94.83	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1,809.86
Enterprise Value to NOPAT (EV/NOPAT)	0.00	94.83	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1,809.86
Enterprise Value to Operating Cash Flow (EV/OCF)	19.37	18.33	17.09	18.02	19.45	20.95	21.12	21.18	22.08	23.88
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	175.42	0.00	0.00	0.00	41.06
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.21	1.21	1.24	1.29	1.38	1.44	1.45	1.47	1.51	1.50
Long-Term Debt to Equity	1.21	1.21	1.24	1.29	1.38	1.44	1.45	1.47	1.51	1.50
Financial Leverage	1.24	1.24	1.23	1.26	1.29	1.32	1.34	1.38	1.44	1.47
Leverage Ratio	2.33	2.31	2.30	2.33	2.37	2.39	2.41	2.45	2.52	2.54
Compound Leverage Factor	2.33	2.30	2.30	2.33	2.37	2.38	2.41	2.45	2.52	2.54
Debt to Total Capital	54.71%	54.84%	55.38%	56.37%	58.03%	59.04%	59.23%	59.58%	60.12%	60.05%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	54.71%	54.84%	55.38%	56.37%	58.03%	59.04%	59.23%	59.58%	60.12%	60.05%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	18.06%	18.10%	18.01%	18.06%	17.49%	17.31%	17.24%	17.18%	17.09%	17.47%
Common Equity to Total Capital	27.23%	27.06%	26.61%	25.56%	24.48%	23.64%	23.53%	23.24%	22.79%	22.48%
Debt to EBITDA	-20.59	11.16	-8.49	-9.17	-10.34	13.29	-20.46	-20.48	-20.62	14.08
Net Debt to EBITDA	-19.48	10.59	-8.00	-8.72	-9.36	12.03	-18.41	-18.41	-18.58	12.94
Long-Term Debt to EBITDA	-20.59	11.16	-8.49	-9.17	-10.34	13.29	-20.46	-20.48	-20.62	14.08
Debt to NOPAT	-11.95	54.07	-7.55	-7.72	-8.22	-197.16	-10.83	-11.22	-11.61	1,019.47
Net Debt to NOPAT	-11.30	51.27	-7.11	-7.34	-7.44	-178.55	-9.74	-10.09	-10.46	937.03
Long-Term Debt to NOPAT	-11.95	54.07	-7.55	-7.72	-8.22	-197.16	-10.83	-11.22	-11.61	1,019.47
Noncontrolling Interest Sharing Ratio	39.56%	39.74%	39.67%	40.72%	40.75%	41.11%	41.28%	41.93%	42.24%	42.98%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-624	-351	-342	-14	-155	455	-98	-45	304	614
Operating Cash Flow to CapEx	308.63%	226.50%	363.40%	187.72%	169.01%	213.82%	288.87%	231.68%	256.27%	189.56%
Free Cash Flow to Firm to Interest Expense	0.00	-3.05	0.00	0.00	0.00	2.17	0.00	0.00	0.00	2.68
Operating Cash Flow to Interest Expense	0.00	1.00	0.00	0.00	0.00	0.45	0.00	0.00	0.00	0.32
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.56	0.00	0.00	0.00	0.24	0.00	0.00	0.00	0.15
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.09	0.00	0.00	0.00	0.09	0.00	0.00	0.00	0.08
Fixed Asset Turnover	0.00	0.10	0.00	0.00	0.00	0.09	0.00	0.00	0.00	0.09
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	9,488	9,468	9,377	9,339	9,549	9,389	9,361	9,309	9,171	9,156
Invested Capital Turnover	0.00	0.09	0.00	0.00	0.00	0.09	0.00	0.00	0.00	0.08
Increase / (Decrease) in Invested Capital	521	469	237	-79	61	-79	-15	-30	-379	-232
Enterprise Value (EV)	9,473	9,107	8,595	8,704	8,704	8,945	8,882	8,812	9,478	9,761
Market Capitalization	2,850	2,471	2,016	2,016	2,018	2,299	2,280	2,228	2,941	3,108
Book Value per Share	$14.70	$14.58	$14.19	$14.06	$14.02	$13.31	$13.16	$12.93	$12.48	$12.30
Tangible Book Value per Share	$14.68	$14.56	$14.17	$14.04	$14.00	$13.30	$13.14	$12.91	$12.47	$12.28
Total Capital	9,488	9,468	9,377	9,339	9,549	9,389	9,361	9,309	9,171	9,156
Total Debt	5,191	5,192	5,193	5,265	5,542	5,543	5,545	5,546	5,513	5,498
Total Long-Term Debt	5,191	5,192	5,193	5,265	5,542	5,543	5,545	5,546	5,513	5,498
Net Debt	4,910	4,923	4,891	5,001	5,016	5,020	4,988	4,985	4,969	5,053
Capital Expenditures (CapEx)	41	51	40	51	54	44	48	40	40	39
Net Nonoperating Expense (NNE)	-146	140	-139	-70	-60	429	-129	-95	-79	414
Net Nonoperating Obligations (NNO)	5,191	5,192	5,193	5,265	5,542	5,543	5,545	5,546	5,513	5,498
Total Depreciation and Amortization (D&A)	95	92	92	121	122	122	96	96	98	96
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.13	$0.14	$0.10	($0.04)	($0.08)	($0.24)	$0.05	$0.06	$0.03	($0.01)
Adjusted Weighted Average Basic Shares Outstanding	175.79M	175.81M	169.81M	166.74M	166.74M	167.35M	167.38M	167.41M	167.44M	167.45M
Adjusted Diluted Earnings per Share	$0.13	$0.14	$0.10	($0.04)	($0.08)	($0.24)	$0.05	$0.06	$0.03	($0.01)
Adjusted Weighted Average Diluted Shares Outstanding	175.79M	175.81M	169.81M	166.74M	166.74M	167.35M	167.38M	167.41M	167.44M	167.45M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	175.79M	175.81M	169.81M	166.74M	166.74M	167.35M	167.38M	167.41M	167.44M	167.45M
Normalized Net Operating Profit after Tax (NOPAT)	-102	83	-105	-93	-94	263	-114	-75	-75	267
Normalized NOPAT Margin	0.00%	20.40%	0.00%	0.00%	0.00%	31.67%	0.00%	0.00%	0.00%	34.06%
Pre Tax Income Margin	0.00%	29.15%	0.00%	0.00%	0.00%	45.24%	0.00%	0.00%	0.00%	48.65%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	1.03	0.00	0.00	0.00	1.80	0.00	0.00	0.00	1.67
NOPAT to Interest Expense	0.00	1.02	0.00	0.00	0.00	1.79	0.00	0.00	0.00	1.66
EBIT Less CapEx to Interest Expense	0.00	0.59	0.00	0.00	0.00	1.59	0.00	0.00	0.00	1.50
NOPAT Less CapEx to Interest Expense	0.00	0.58	0.00	0.00	0.00	1.58	0.00	0.00	0.00	1.49
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	126.20%	264.94%	116.25%	162.46%	362.18%	-224.79%	-122.55%	-172.94%	-285.03%	2,092.45%
Augmented Payout Ratio	126.20%	264.94%	124.43%	245.58%	568.81%	-368.83%	-189.72%	-172.94%	-285.03%	2,092.45%

Key Financial Trends

Douglas Emmett Inc. Financial Summary and Trends (2022 to Q4 2024)

Douglas Emmett (NYSE: DEI) has shown significant fluctuations in its financial results and cash flows over the past few years, reflecting changes in revenue, expenses, and financing activities. The following key points summarize the trends observed from the quarterly financial statements:

The company generated strong net income from continuing operations in Q4 2024, reporting $383 million, a positive turnaround from prior quarters' losses.
Net cash from continuing operating activities remained robust, with $74.1 million in Q4 2024, supporting operational liquidity.
Depreciation Expense consistently remains a large non-cash charge around $95-123 million quarterly, reflecting substantial investment in premises and equipment, which supports asset base growth.
Total assets were stable around $9.3 to $9.6 billion range throughout 2023 and 2024, indicating a solid asset base.
The company consistently paid dividends of $0.19 per common share each quarter in 2024, showing commitment to shareholder returns despite some earnings volatility.
Weighted average diluted shares outstanding remained stable in the 167 million range over 2024, indicating limited share dilution.
Other gains and losses fluctuated but generally remained small in magnitude compared to core income statement components.
The company had recurring net losses attributable to common shareholders in several quarters, e.g., Q3 2024 showed a loss of approximately $102 million.
Total non-interest expense increased sharply in recent quarters to as high as $453 million in Q4 2023, which pressured pre-tax income.
Debt levels were substantial, with long-term debt hovering around $5.5 billion, and large repayments and issuances occurred frequently, indicating ongoing refinancing needs.

Analysis: Douglas Emmett has a strong asset and operating cash flow base, with consistent capital expenditure supporting its premises and equipment. The stable dividend payments are positive for investors focused on income. However, the presence of net losses in multiple quarters and rising non-interest expenses highlight some operational challenges. The company's high leverage requires monitoring, as ongoing refinancing and interest expenses could impact future profitability.

Retail investors should watch for improvement in core profitability and expense management, alongside sustainable debt levels, to better assess Douglas Emmett’s long-term growth and stability potential.

08/12/25 05:11 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Douglas Emmett's Financials

When does Douglas Emmett's fiscal year end?

According to the most recent income statement we have on file, Douglas Emmett's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Douglas Emmett's net income changed over the last 9 years?

Douglas Emmett's net income appears to be on a downward trend, with a most recent value of $7.59 million in 2024, falling from $68.76 million in 2015. The previous period was -$75.84 million in 2023. Find out what analysts predict for Douglas Emmett in the coming months.

How has Douglas Emmett's revenue changed over the last 9 years?

Over the last 9 years, Douglas Emmett's total revenue changed from $500.32 million in 2015 to $785.06 million in 2024, a change of 56.9%.

How much debt does Douglas Emmett have?

Douglas Emmett's total liabilities were at $5.75 billion at the end of 2024, a 0.9% decrease from 2023, and a 51.8% increase since 2015.

How much cash does Douglas Emmett have?

In the past 9 years, Douglas Emmett's cash and equivalents has ranged from $101.80 million in 2015 to $523.08 million in 2023, and is currently $444.62 million as of their latest financial filing in 2024.

How has Douglas Emmett's book value per share changed over the last 9 years?

Over the last 9 years, Douglas Emmett's book value per share changed from 13.12 in 2015 to 12.30 in 2024, a change of -6.3%.

Related Companies

This page (NYSE:DEI) was last updated on 8/12/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Douglas Emmett (DEI) Financials

Key Financial Trends

Frequently Asked Questions About Douglas Emmett's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Douglas Emmett (DEI) Financials

Annual Income Statements for Douglas Emmett

Quarterly Income Statements for Douglas Emmett

Annual Cash Flow Statements for Douglas Emmett

Quarterly Cash Flow Statements for Douglas Emmett

Annual Balance Sheets for Douglas Emmett

Quarterly Balance Sheets for Douglas Emmett

Annual Metrics And Ratios for Douglas Emmett

Quarterly Metrics And Ratios for Douglas Emmett

Key Financial Trends

Frequently Asked Questions About Douglas Emmett's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools