DOUGLAS EMMETT REIT INC (DEI)
Real Estate · Office and Multifamily REIT · NYSE
A Los Angeles and Honolulu-focused REIT specializing in premium office and multifamily properties concentrated in high-barrier submarkets, leveraging in-house management capabilities and substantial market share dominance.
What DOUGLAS EMMETT REIT INC does
Douglas Emmett is a fully integrated, self-administered REIT focused on owning, acquiring, developing, and managing high-quality office and multifamily properties in premier coastal submarkets of Los Angeles and Honolulu. As of December 31, 2025, the company's portfolio consisted of approximately 18.0 million square feet of office space across 70 properties (52 wholly-owned, 18 consolidated JV properties) and 5,445 multifamily apartment units across 15 properties (12 wholly-owned, 3 consolidated JV properties). The company operates a focused business strategy concentrated on supply-constrained submarkets with high barriers to entry.
Themes: ["office properties / commercial real estate","multifamily residential / apartments","premium coastal markets (Los Angeles, Honolulu)","joint venture structures","property development and repositioning"]
Fundamentals
- Price$11.88 as of 2026-07-09 close
- Market cap$2.0B as of 2026-07-10
- 1-year return-24.2% as of 2026-07-09 close
- P/E121.18 as of 2026-07-10
- Net margin-2.6% as of 2026-07-10
- Gross margin+63.3% as of 2026-07-10
- ROE-1.4% as of 2026-07-10
- Debt / equity2.97 as of 2026-07-10
- Revenue growth (YoY)+1.0% as of 2026-07-10
- Revenue CAGR (3y)+0.3% SEC XBRL
- Beta1.19 as of 2026-07-10
Dividend: yield +6.4%; 3-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["High office portfolio concentration in Los Angeles and Honolulu with significant exposure to coastal real estate market vulnerabilities","Negative net margins (-2.59%) and current unprofitability indicating operational stress in a challenging office market environment","Development portfolio execution risk, including 1,035 apartment units under development and multi-tenant office conversion projects requiring successful lease-up"]
Competitors & peers
- Kilroy Realty Corporation (KRC)
- Maguire Properties (MGP)
- Paramount Group (PGRE)
- Boston Properties (BXP)
- Highwoods Properties (HIW)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.