Douglas Emmett Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Douglas Emmett Inc reported revenue of $1.0B (+1.8% year on year) and net income of $16.3M (-30.8% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Total revenues | $1.0B | $986.5M | $1.0B | $993.7M |
| Operating expenses | $367.9M | $350.3M | $361.6M | $333.8M |
| General and administrative expenses | $46.7M | $45.4M | $49.2M | $45.4M |
| Depreciation and amortization | $398.9M | $384.0M | $459.9M | $372.8M |
| Total operating expenses | $813.5M | $779.7M | $870.8M | $752.0M |
| Other income | $18.0M | $28.0M | $19.6M | $4.6M |
| Other expenses | ($437.0K) | ($398.0K) | ($1.0M) | ($714.0K) |
| Income (loss) from unconsolidated Fund | $0 | $2.6M | ($34.6M) | $1.2M |
| Interest expense | ($266.7M) | ($229.4M) | ($209.5M) | ($150.2M) |
| Gain from consolidation of JV | $47.2M | — | — | — |
| Net (loss) income | ($11.4M) | $7.6M | ($75.8M) | $96.5M |
| Net loss attributable to noncontrolling interests | $27.7M | $15.9M | $33.1M | $605.0K |
| Net income (loss) attributable to common stockholders | $16.3M | $23.5M | ($42.7M) | $97.1M |
| Net income (loss) per common share - basic (usd per share) | $0.09 | $0.13 | -$0.26 | $0.55 |
| Net income (loss) per common share – diluted (usd per share) | $0.09 | $0.13 | -$0.26 | $0.55 |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Total revenues | $256.5M | $251.0M | $250.6M | $252.4M |
| Operating expenses | $94.4M | $91.0M | $91.2M | $92.8M |
| General and administrative expenses | $12.5M | $13.6M | $10.8M | $12.3M |
| Depreciation and amortization | $99.3M | $97.4M | $101.2M | $101.7M |
| Total operating expenses | $206.2M | $202.0M | $203.2M | $206.8M |
| Other income | $3.0M | $3.0M | $4.4M | $4.8M |
| Other expenses | ($80.0K) | $0 | ($167.0K) | ($161.0K) |
| Interest expense | ($68.3M) | ($64.5M) | ($72.8M) | ($65.3M) |
| Gain from consolidation of JV | $0 | $0 | $0 | $0 |
| Net (loss) income | ($14.9M) | ($12.6M) | ($21.2M) | ($15.1M) |
| Net loss attributable to noncontrolling interests | $12.3M | $10.1M | $10.3M | $9.2M |
| Net (loss) income attributable to common stockholders | ($2.7M) | ($2.5M) | ($10.9M) | ($5.8M) |
| Net (loss) income per common share - basic (in usd per share) | -$0.02 | -$0.02 | -$0.07 | -$0.04 |
| Net (loss) income per common share – diluted (in usd per share) | -$0.02 | -$0.02 | -$0.07 | -$0.04 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Investment in real estate, gross | $12.8B | $12.5B | $12.4B | $12.3B |
| Less: accumulated depreciation and amortization | ($4.1B) | ($3.9B) | ($3.7B) | ($3.3B) |
| Investment in real estate, net | $8.7B | $8.6B | $8.8B | $9.0B |
| Ground lease right-of-use asset | $7.4M | $7.4M | $7.4M | $7.5M |
| Cash and cash equivalents | $340.8M | $444.6M | $523.1M | $268.8M |
| Tenant receivables | $2.0M | $4.2M | $6.1M | $6.9M |
| Deferred rent receivables | $123.6M | $117.6M | $115.3M | $115.0M |
| Acquired lease intangible assets, net | $4.7M | $2.5M | $3.0M | $3.5M |
| Interest rate contract assets | $22.3M | $77.6M | $170.9M | $270.2M |
| Investment in unconsolidated Fund | $0 | $23.8M | $16.0M | $48.0M |
| Other assets | $44.0M | $147.3M | $49.3M | $33.9M |
| Total Assets | $9.3B | $9.4B | $9.6B | $9.7B |
| Secured notes payable, net | $5.5B | $5.5B | $5.5B | $5.2B |
| Ground lease liability | $10.8M | $10.8M | $10.8M | $10.8M |
| Interest payable, accounts payable and deferred revenue | $140.0M | $131.0M | $131.2M | $140.9M |
| Security deposits | $67.1M | $62.4M | $62.0M | $61.4M |
| Acquired lease intangible liabilities, net | $8.3M | $11.3M | $19.8M | $31.4M |
| Interest rate contract liabilities | $6.4M | — | $0 | $1.8M |
| Dividends payable | $31.8M | $31.8M | $31.8M | $33.4M |
| Total Liabilities | $5.8B | $5.7B | $5.8B | $5.5B |
| Common Stock, $0.01 par value, 750,000,000 authorized, 167,462,215 and 167,435,259 outstanding at December 31, 2025 and December 31, 2024, respectively | $1.7M | $1.7M | $1.7M | $1.8M |
| Additional paid-in capital | $3.4B | $3.4B | $3.4B | $3.5B |
| Accumulated other comprehensive income | $11.5M | $54.9M | $115.9M | $187.1M |
| Accumulated deficit | ($1.5B) | ($1.4B) | ($1.3B) | ($1.1B) |
| Total Douglas Emmett, Inc. stockholders' equity | $1.9B | $2.1B | $2.2B | $2.6B |
| Noncontrolling interests | $1.6B | $1.6B | $1.6B | $1.7B |
| Total Equity | $3.5B | $3.7B | $3.8B | $4.3B |
| Total Liabilities and Equity | $9.3B | $9.4B | $9.6B | $9.7B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Investment in real estate, gross | $13.2B | $12.9B | $12.8B | $12.9B |
| Less: accumulated depreciation and amortization | ($4.2B) | ($4.1B) | ($4.0B) | ($4.1B) |
| Investment in real estate, net | $9.0B | $8.7B | $8.8B | $8.8B |
| Ground lease right-of-use asset | $7.4M | $7.4M | $7.4M | $7.4M |
| Cash and cash equivalents | $355.0M | $357.2M | $408.5M | $426.9M |
| Tenant receivables | $3.9M | $4.4M | $3.2M | $1.8M |
| Deferred rent receivables | $129.7M | $126.5M | $122.1M | $120.4M |
| Acquired lease intangible assets, net | $9.1M | $4.4M | $5.0M | $5.5M |
| Interest rate contract assets | $26.0M | $21.9M | $30.8M | $40.1M |
| Other assets | $34.1M | $51.8M | $42.0M | $38.0M |
| Total Assets | $9.6B | $9.3B | $9.4B | $9.4B |
| Secured notes payable, net | $5.7B | $5.6B | $5.6B | $5.6B |
| Ground lease liability | $10.8M | $10.8M | $10.8M | $10.8M |
| Interest payable, accounts payable and deferred revenue | $187.7M | $185.8M | $176.2M | $157.4M |
| Security deposits | $70.6M | $68.7M | $66.1M | $64.3M |
| Acquired lease intangible liabilities, net | $11.7M | $6.9M | $9.7M | $11.2M |
| Interest rate contract liabilities | $938.0K | $2.0M | $6.2M | $3.8M |
| Dividends payable | $31.8M | $31.8M | $31.8M | $31.8M |
| Total Liabilities | $6.0B | $5.9B | $5.9B | $5.8B |
| Common Stock, $0.01 par value, 750,000,000 authorized, 167,485,267 and 167,462,215 outstanding at June 30, 2026 and December 31, 2025, respectively | $1.7M | $1.7M | $1.7M | $1.7M |
| Additional paid-in capital | $3.4B | $3.4B | $3.4B | $3.4B |
| Accumulated other comprehensive income | $13.9M | $12.3M | $16.8M | $24.9M |
| Accumulated deficit | ($1.6B) | ($1.5B) | ($1.5B) | ($1.4B) |
| Total Douglas Emmett, Inc. stockholders' equity | $1.8B | $1.9B | $1.9B | $2.0B |
| Noncontrolling interests | $1.7B | $1.6B | $1.6B | $1.6B |
| Total Equity | $3.5B | $3.4B | $3.5B | $3.6B |
| Total Liabilities and Equity | $9.6B | $9.3B | $9.4B | $9.4B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net (loss) income | ($11.4M) | $7.6M | ($75.8M) | $96.5M |
| (Income) loss from unconsolidated Fund | $0 | ($2.6M) | $34.6M | ($1.2M) |
| Gain from consolidation of JV | ($47.2M) | — | — | — |
| Depreciation and amortization | $398.9M | $384.0M | $459.9M | $372.8M |
| Net accretion of acquired lease intangibles | ($4.8M) | ($8.0M) | ($11.0M) | ($11.3M) |
| Straight-line rent | ($6.0M) | ($2.2M) | ($342.0K) | $169.0K |
| Loan premium/discount amortized/accreted and written off | $336.0K | ($333.0K) | ($460.0K) | ($460.0K) |
| Deferred loan costs amortized and written off | $11.9M | $9.3M | $8.9M | $7.9M |
| Amortization of stock-based compensation | $21.2M | $21.0M | $19.8M | $21.0M |
| Operating distributions from unconsolidated Fund | $0 | $1.2M | $1.3M | $1.2M |
| Purchase of interest rate caps | $0 | $0 | ($1.6M) | ($481.0K) |
| Tenant receivables | $2.2M | $1.9M | $783.0K | $6.2M |
| Interest payable, accounts payable and deferred revenue | $11.4M | ($4.0K) | $6.2M | ($1.4M) |
| Security deposits | $3.2M | $491.0K | $529.0K | $4.8M |
| Other assets | $7.1M | ($3.7M) | ($15.9M) | $447.0K |
| Net cash provided by operating activities | $386.9M | $408.7M | $427.0M | $496.9M |
| Capital expenditures for improvements to real estate | ($192.4M) | ($167.3M) | ($189.2M) | ($162.4M) |
| Capital expenditures for developments and purchase of note receivable secured by real estate | ($102.5M) | ($72.1M) | — | — |
| Insurance recoveries for damage to real estate | $3.9M | $3.6M | $2.2M | $5.7M |
| Cash assumed from consolidation of JV | $25.6M | — | — | — |
| Acquisition of additional interests in unconsolidated Fund | $0 | ($5.2M) | ($5.2M) | $0 |
| Capital distributions from unconsolidated Fund | $0 | $269.0K | $80.0K | $1.9M |
| Net cash used in investing activities | ($265.3M) | ($240.8M) | ($233.6M) | ($561.0M) |
| Proceeds from borrowings | $1.3B | $325.0M | $505.0M | $245.0M |
| Repayment of borrowings | ($1.4B) | ($434.9M) | ($155.9M) | ($70.8M) |
| Loan cost payments | ($31.2M) | ($5.6M) | ($6.3M) | ($2.0M) |
| Contributions from noncontrolling interests in consolidated JVs | $5.4M | $28.0M | $125.0K | $81.0M |
| Distributions paid to noncontrolling interests | ($28.4M) | ($31.6M) | ($40.6M) | ($59.0M) |
| Dividends paid to common stockholders | ($127.3M) | ($127.2M) | ($129.9M) | ($196.8M) |
| Repurchases of OP Units | ($351.0K) | ($138.0K) | ($2.4M) | ($337.0K) |
| Repurchases of common stock | $0 | $0 | ($109.2M) | — |
| Net cash (used in) provided by financing activities | ($225.3M) | ($246.5M) | $60.9M | ($3.0M) |
| (Decrease) increase in cash and cash equivalents and restricted cash | ($103.8M) | ($78.5M) | $254.2M | ($67.1M) |
| Cash and cash equivalents and restricted cash - beginning balance | $444.7M | $523.2M | $268.9M | $336.0M |
| Cash and cash equivalents and restricted cash - ending balance | $340.8M | $444.7M | $523.2M | $268.9M |
| Cash and cash equivalents | $340.8M | $444.6M | $523.1M | $268.8M |
| Restricted cash (included in Other assets on our consolidated balance sheets) | $29.0K | $29.0K | $101.0K | $101.0K |
| Cash paid for interest, net of capitalized interest | $237.4M | $219.5M | $196.0M | $141.4M |
| Capitalized interest paid | $11.2M | $8.7M | $1.5M | $9.1M |
| Accrual for real estate and development capital expenditures | $16.8M | $15.8M | $16.5M | $33.8M |
| Capitalized stock-based compensation for improvements to real estate and developments | $6.0M | $6.1M | $6.0M | $5.5M |
| Removal of fully depreciated and amortized buildings, building improvements, tenant improvements and lease intangibles | $253.5M | $114.2M | $102.1M | $100.0M |
| Removal of fully amortized acquired lease intangible assets | $1.7M | $203.0K | $427.0K | $1.4M |
| Removal of fully accreted acquired lease intangible liabilities | $10.3M | $13.3M | $16.8M | $11.9M |
| Gain recorded in AOCI | ($7.7M) | $47.9M | $45.4M | $326.4M |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net (loss) income | ($27.6M) | ($12.6M) | $8.3M | $29.5M |
| Gain from consolidation of JV | $0 | $0 | ($47.2M) | ($47.2M) |
| Depreciation and amortization | $196.7M | $97.4M | $300.8M | $199.6M |
| Net accretion of acquired lease intangibles | ($1.7M) | ($1.1M) | ($3.7M) | ($2.6M) |
| Straight-line rent | ($6.1M) | ($2.9M) | ($4.6M) | ($2.8M) |
| Loan premium/discount amortized/accreted and written off | $166.0K | $83.0K | $251.0K | $166.0K |
| Deferred loan costs amortized and written off | $6.8M | $3.4M | $8.4M | $5.0M |
| Amortization of stock-based compensation | $5.2M | $2.7M | $7.5M | $5.1M |
| Tenant receivables | ($1.9M) | ($2.4M) | $1.0M | $2.5M |
| Interest payable, accounts payable and deferred revenue | $27.4M | $37.6M | $41.1M | $9.8M |
| Security deposits | $2.1M | $1.6M | $2.2M | $410.0K |
| Other assets | $11.9M | ($6.9M) | $9.6M | $14.4M |
| Net cash provided by operating activities | $213.1M | $116.9M | $323.7M | $213.9M |
| Capital expenditures for improvements to real estate | ($108.0M) | ($51.7M) | ($141.3M) | ($93.4M) |
| Capital expenditures for developments | ($51.7M) | ($23.4M) | ($75.7M) | ($39.5M) |
| Insurance recoveries for damage to real estate | $808.0K | $258.0K | $2.5M | $2.2M |
| Property acquisitions | ($254.4M) | — | — | — |
| Cash and cash equivalents assumed from consolidation of JV | $0 | $0 | $25.6M | $25.6M |
| Net cash used in investing activities | ($413.3M) | ($74.8M) | ($189.0M) | ($105.2M) |
| Proceeds from borrowings | $989.5M | $16.0M | $1.3B | $129.3M |
| Repayment of borrowings | ($817.1M) | ($1.9M) | ($1.3B) | ($173.8M) |
| Loan cost payments | ($7.9M) | ($271.0K) | ($24.8M) | ($9.3M) |
| Contributions from noncontrolling interests in consolidated JVs | $130.0M | — | $5.4M | $5.4M |
| Distributions paid to noncontrolling interests | ($16.4M) | ($7.7M) | ($21.3M) | ($14.2M) |
| Dividends paid to common stockholders | ($63.6M) | ($31.8M) | ($95.4M) | ($63.6M) |
| Repurchases of OP Units | ($129.0K) | ($31.0K) | ($314.0K) | ($235.0K) |
| Net cash provided by (used in) financing activities | $214.4M | ($25.7M) | ($170.9M) | ($126.5M) |
| Increase (decrease) in cash and cash equivalents and restricted cash | $14.2M | $16.5M | ($36.1M) | ($17.7M) |
| Cash and cash equivalents and restricted cash - beginning balance | $340.8M | $340.8M | $444.7M | $444.7M |
| Cash and cash equivalents and restricted cash - ending balance | $355.0M | $357.3M | $408.5M | $426.9M |
| Cash and cash equivalents | $355.0M | $357.2M | $408.5M | $426.9M |
| Restricted cash (included in Other assets on our consolidated balance sheets) | $29.0K | $29.0K | $29.0K | $29.0K |
| Cash and cash equivalents and restricted cash | $355.0M | $357.3M | $408.5M | $426.9M |
| Cash paid for interest, net of capitalized interest | $116.6M | $57.3M | $180.0M | $114.4M |
| Capitalized interest paid | $5.6M | $2.7M | $8.1M | $5.1M |
| Accrual for real estate and development capital expenditures | $37.8M | $25.9M | $22.4M | $33.7M |
| Capitalized stock-based compensation for improvements to real estate and developments | $1.3M | $645.0K | $2.0M | $1.3M |
| Removal of fully depreciated and amortized buildings, building improvements, tenant improvements and lease intangibles | $47.6M | $21.4M | $81.4M | $45.0M |
| Removal of fully amortized acquired lease intangible assets | $550.0K | $260.0K | $1.7M | $800.0K |
| Removal of fully accreted acquired lease intangible liabilities | $6.9M | $2.8M | $6.9M | $6.1M |
| Non-cash portion of secured notes payable | $2.2M | $1.0M | — | — |
| Gain (loss) recorded in AOCI - consolidated derivatives | $23.4M | $11.7M | ($8.3M) | ($7.2M) |
| Dividends declared | $63.6M | $31.8M | $95.4M | $63.6M |
| Exchange of OP Units for common stock | $302.0K | $302.0K | $159.0K | $159.0K |
Douglas Emmett Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.