Douglas Emmett, Inc. (DEI) AI Stock Analysis
DEI AI stock analysis summary
AI ResearchDouglas Emmett, Inc. (DEI) is an office and multifamily real estate investment trust focused on coastal Los Angeles and Honolulu submarkets. In FY2025, revenue reached $1.00B with net income of $16.3M, while trailing twelve month net margin stood at -2.3%. The company maintains a forward dividend yield of 7.79% alongside $5.75B in total debt.
- Market cap
- $1.96B
- Revenue (TTM)
- $1.01B
- P/E
- — fwd 9.0x
- 1Y return
- -22.3% S&P 500 16.8%
- Avg. target
- $12.60 29.1% vs last close
Bull case
- The stock offers an annualized forward dividend yield of 7.79% backed by 21 consecutive years of payments.
- Trailing twelve-month operating margin reached 19.6% while the most recent quarter showed 359.6% year-over-year earnings growth.
- Analysts maintain a mean price target of $12.60, which sits 29.1% above the last closing price of $9.76.
Bear case
- Total debt reached $5.75B against cash and short-term investments of $355.0M as of June 30, 2026, creating a debt-to-equity ratio of 3.12.
- The 5-year annualized dividend growth rate stands at -7.5%, while EPS for FY2026 is projected at -$0.15.
- Short interest represents 28.3% of the float following a 1-year stock return of -22.3%.
What Douglas Emmett does
Douglas Emmett, Inc. operates as a fully integrated real estate investment trust that manages its operations and properties independently. Based in Los Angeles and Honolulu, the company is an owner and operator specializing in office and multifamily properties. Its portfolio is centered on office spaces and premier multifamily communities in coastal submarkets characterized by limited supply, executive housing, and lifestyle amenities. Douglas Emmett focuses on acquiring and owning high-demand properties to generate rental income, while also pursuing strategic acquisitions and developments.
Growth and profitability
Over the five years from FY2020 to FY2025, Douglas Emmett posted a revenue compound annual growth rate of 2.5%. Revenue was $918.4M in FY2021, rose to $993.7M in FY2022 and $1.02B in FY2023, then declined 3.3% to $986.5M in FY2024 before increasing 1.8% to $1.00B in FY2025. Net income dropped from $97.1M in FY2022 to -$42.7M in FY2023, recovering to $23.5M in FY2024 and $16.3M in FY2025. Operating margin was 19.0% in FY2025. In the trailing twelve months ended June 30, 2026, revenue was $1.01B with an operating margin of 19.6% and diluted EPS of -$0.15. In that latest quarter, quarterly revenue grew 1.6% year-over-year while quarterly earnings grew 359.6%.
Balance sheet and cash flow
As of June 30, 2026, Douglas Emmett held $355.0M in cash and short-term investments against $5.75B in total debt, resulting in net debt of $5.39B. Shareholders' equity was $1.84B, reflecting a debt-to-equity ratio of 3.12 and a current ratio of 2.13. In FY2025, the company generated $386.9M in operating cash flow and $194.5M in free cash flow. Capital expenditures totaled $192.4M, dividends paid were $127.3M, and share buybacks were $351,000.
Valuation and performance
DEI trades at a forward P/E of 9.0x, below the 23.5x forward P/E median of its US-listed Real Estate peers. Its EV/EBITDA stands at 11.7x compared to the peer median of 14.7x, while its price-to-sales of 1.9x is lower than the peer median of 3.7x. Douglas Emmett has a market cap of $1.96B and an enterprise value of $7.03B. Over the past year, the stock returned -22.3% compared to a 16.8% return for the S&P 500 (SPY). Over five years, the stock returned -61.8% while SPY gained 83.0%.
DEI dividend
Douglas Emmett pays a quarterly dividend with an annualized forward payout of $0.76 per share, yielding 7.79% as of October 16, 2026. The company has paid dividends for 21 consecutive years, though its 5-year annualized dividend growth is -7.5%. Its payout ratio is 3.2%, and its last ex-dividend date was September 30, 2026.
What analysts expect
Wall Street coverage consists of 1 Strong Buy, 0 Buy, 10 Hold, and 1 Sell ratings. The mean price target is $12.60, representing a 29.1% premium over the last close of $9.76. Consensus estimates project current fiscal year EPS of -$0.15 on $1.02B in revenue, followed by next fiscal year EPS of -$0.18 on $1.05B in revenue. Douglas Emmett beat EPS estimates in 3 of the last 4 quarters, with the next earnings release scheduled for November 3, 2026.
Key risks and what to watch
- Net debt of $5.39B and a debt-to-equity ratio of 3.12 leave the company leveraged relative to its $1.84B in equity.
- Operating cash flow declined from $496.9M in FY2022 to $386.9M in FY2025.
- Analysts project negative EPS of -$0.15 for FY2026 and -$0.18 for FY2027.
- The stock exhibits high short interest, with short positions accounting for 28.3% of the float.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this DEI AI stock analysis
This page is an AI-written research summary of Douglas Emmett, Inc. (DEI). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: DEI income statement, DEI balance sheet, DEI key metrics, DEI analyst forecast, DEI chart. See the DEI stock overview for the latest quote and news.
DEI AI stock analysis FAQ
What is Douglas Emmett's dividend yield and payment schedule?
Douglas Emmett pays a quarterly dividend with an annualized forward amount of $0.76, representing a dividend yield of 7.79%. It has paid dividends for 21 consecutive years.
What are analysts' price targets for DEI stock?
Analysts hold a mean price target of $12.60, which is 29.1% higher than the last close of $9.76 on October 16, 2026. The analyst consensus breakdown includes 1 Strong Buy, 10 Holds, and 1 Sell.
How much debt does Douglas Emmett carry?
As of June 30, 2026, Douglas Emmett had total debt of $5.75B and cash and short-term investments of $355.0M, resulting in net debt of $5.39B and a debt-to-equity ratio of 3.12.
When is Douglas Emmett's next earnings report?
Douglas Emmett is scheduled to report its next financial results on November 3, 2026. Consensus estimates anticipate full-year FY2026 revenue of $1.02B.