Stocks · Real Estate · REIT - Office
Douglas Emmett, Inc. DEI
$9.82 +1.13% Close, Oct 2, 2026 · NYSE · Market cap $1.64B
High risk
Next earnings report: Nov 3, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Diluted EPS over the last four quarters was $-0.14, down 161.7% year over year.
- Net debt is 9.0× EBITDA, a high level of leverage.
- Over the past year the stock returned -37.8%, behind the S&P 500 by 52.9 percentage points.
PromtFinance scores
Each score is a percentile within the Real Estate sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 27%
- EPS growth (TTM, YoY)Bottom 4%
- FCF growth (TTM, YoY)Top 17%
- Revenue growth, 3-year CAGRBottom 19%
- Revenue growth accelerationBottom 39%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 30%
- Gross marginTop 34%
- Operating marginBottom 41%
- Accruals (lower is better)Top 31%
- Net debt / EBITDA (lower is better)Bottom 28%
- Interest coverBottom 26%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 25%
- Free-cash-flow yieldTop 19%
- EBITDA / enterprise valueTop 23%
- Sales / enterprise valueTop 31%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 13%
- 6-month returnTop 29%
- 1-year return vs S&P 500Bottom 15%
- Distance from 52-week highBottom 19%
- Trend checklist (0–4)Top 41%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 29%
- Consecutive EPS beatsTop 19%
- Share of analysts rating BuyBottom 9%
- Upside to consensus price targetTop 24%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 42%
- Maximum drawdown, 3 yearsBottom 22%
- Beta vs S&P 500 (lower is better)Bottom 14%
- Net debt / EBITDA (lower is better)Bottom 28%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 1.0% | 0.8% | ↓ |
| EPS growth (YoY) | -149.5% | -161.7% | ↓ |
| Gross margin | 63.3% | 63.2% | ↓ |
| Operating margin | 19.5% | 19.0% | ↓ |
| FCF margin | 12.7% | 18.9% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 0.8% | 1.0% | ↓ | Bottom 27% |
| EPS growth (TTM, YoY) | -161.7% | -149.5% | ↓ | Bottom 4% |
| Gross margin | 63.2% | 63.3% | ↓ | Top 34% |
| Operating margin | 19.0% | 19.5% | ↓ | Bottom 41% |
| Net margin | -2.3% | 3.8% | ↓ | — |
| Free-cash-flow margin | 18.9% | 12.7% | ↑ | — |
| Return on invested capital | 2.1% | — | Bottom 30% | |
| Revenue growth, 3-year CAGR | 0.3% | — | Bottom 19% |
Quality of earnings and balance sheet
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -4.7%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 2.1%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -25.3 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 8.96×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 0.7×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 5.80%
- Net buyback yield (TTM)
- 0.01%
- Shareholder yield
- 5.82%
- Share count change, 1 year
- +0.0%
- Share count change, 3-year CAGR
- -0.4%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 7, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 3
- Beats in the last 8 reports
- 7 of 8
- Average EPS surprise, last 4
- +29.3%
- Average 2-day reaction, last 8
- +0.7%
- Positive 20 days after report
- 4 of 8
Analysts
- Consensus price target
- $13.50
- Target vs current price
- +37.5%
- Analysts with a rating
- 33
- Share rating Buy or Strong Buy
- 24%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 4, 2026 | +27.2% | +0.5% | -3.0% | -2.9% | — |
| May 5, 2026 | +68.2% | +2.2% | +9.4% | +7.0% | +8.6% |
| Feb 10, 2026 | +26.9% | +0.6% | -5.5% | -4.5% | +15.4% |
| Nov 4, 2025 | -5.0% | -0.9% | -5.9% | -6.7% | -18.5% |
| Aug 5, 2025 | +35.3% | +2.0% | -5.1% | +9.2% | -10.8% |
| May 6, 2025 | +1142.1% | -0.8% | +6.3% | +2.2% | +7.2% |
| Feb 4, 2025 | +87.7% | -0.8% | -4.7% | -7.6% | -23.4% |
| Nov 4, 2024 | +393.3% | +2.7% | +10.0% | +9.9% | +4.8% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 4, 2026 | -$0.02 | -$0.03 | +27.2% | $256.5M |
| May 5, 2026 | -$0.01 | -$0.05 | +68.2% | $251.0M |
| Feb 10, 2026 | -$0.04 | -$0.05 | +26.9% | $249.4M |
| Nov 4, 2025 | -$0.06 | -$0.06 | -5.0% | $250.6M |
| Aug 5, 2025 | -$0.04 | -$0.06 | +35.3% | $252.4M |
| May 6, 2025 | $0.24 | -$0.02 | +1142.1% | $251.5M |
| Feb 4, 2025 | -$0.01 | -$0.06 | +87.7% | $245.0M |
| Nov 4, 2024 | $0.03 | -$0.01 | +393.3% | $250.8M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| EV / EBITDA | 11.7× | — | — | Top 23% |
| EV / Sales | 6.98× | — | — | Top 31% |
| Free-cash-flow yield | 11.61% | — | — | Top 19% |
| Earnings yield | -1.39% | — | — | Bottom 25% |
P/E over the past five years
Range 22.6× – 132.7× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -37.8%
- Earnings per share growth (TTM)
- -161.7%
- Change in P/E multiple
- -19.1%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -6.4%
- 200-day average slope (20 days)
- -1.4%
- Distance from 50-day average
- -12.1%
- Distance from 200-day average
- -10.8%
- RSI (14)
- 32.8
- Relative volume
- 1.08×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 25.4%
- Volatility vs own 5-year history
- 7th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.97
- Correlation with S&P 500
- 0.44
- Current drawdown from 1-year high
- -37.2%
- Maximum drawdown, 3 years
- -54.8%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Nov 15, 2021 | Mar 27, 2026 | -75.1% | 1094 days | Not yet recovered |
| Nov 24, 2020 | Jan 11, 2021 | -19.8% | 31 days | 30 days (Feb 24, 2021) |
| Jun 2, 2021 | Sep 30, 2021 | -14.0% | 84 days | 32 days (Nov 15, 2021) |
| Oct 5, 2020 | Oct 28, 2020 | -12.0% | 17 days | 8 days (Nov 9, 2020) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $1.64B
- EPS, diluted (TTM)
- -$0.14
- Revenue (TTM)
- $1.01B
- Dividend yield
- 7.74%
- 52-week range
- $9.04 – $15.83
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $918.4M | $993.7M | $1.02B | $986.5M | $1.00B |
| Gross profit | $615.0M | $659.8M | $198.9M | $636.2M | $636.0M |
| Operating income | $201.2M | $241.6M | $149.7M | $206.8M | $190.4M |
| Net income | $65.3M | $97.1M | -$42.7M | $23.5M | $16.3M |
| EPS (diluted) | $0.37 | $0.55 | -$0.26 | $0.13 | $0.10 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $250.8M | $245.0M | $251.5M | $252.4M | $250.6M | $249.4M | $251.0M | $256.5M |
| Net income | $4.6M | -$888,000 | $39.8M | -$5.8M | -$10.9M | -$6.8M | -$2.5M | -$2.7M |
| EPS (diluted) | $0.03 | -$0.01 | $0.24 | -$0.04 | -$0.06 | -$0.04 | -$0.01 | -$0.02 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $447.0M | $496.9M | $427.0M | $408.7M | $386.9M |
| Capital expenditure | -$293.1M | -$238.1M | -$189.2M | -$239.4M | -$192.4M |
| Free cash flow | $153.9M | $258.8M | $237.8M | $169.3M | $194.5M |
| Dividends paid | -$196.5M | -$196.8M | -$129.9M | -$127.2M | -$127.3M |
| Net share buybacks | -$122,000 | -$337,000 | -$111.6M | -$138,000 | -$351,000 |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $355.0M
- Total assets
- $9.55B
- Total liabilities
- $6.04B
- Total debt
- $5.75B
- Net debt
- $5.39B
- Shareholders’ equity
- $1.84B
As of Jun 30, 2026 (filed Aug 7, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 30, 2026 | $0.19 | Oct 15, 2026 |
| Jun 30, 2026 | $0.19 | Jul 15, 2026 |
| Mar 31, 2026 | $0.19 | Apr 15, 2026 |
| Dec 31, 2025 | $0.19 | Jan 15, 2026 |
| Sep 30, 2025 | $0.19 | Oct 15, 2025 |
| Jun 30, 2025 | $0.19 | Jul 15, 2025 |
| Mar 31, 2025 | $0.19 | Apr 15, 2025 |
| Dec 31, 2024 | $0.19 | Jan 15, 2025 |
Short interest
- Shares sold short
- 30,824,867
- Days to cover
- 18.32
- Change vs previous report
- +3.7%
FINRA short interest, settlement date Sep 15, 2026.