Douglas Emmett Inc logo

Douglas Emmett Inc(DEI)

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EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL
3-STAR RATING
PASS
LAST CLOSE
$10.17
11/06/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
  • ALL
  • 1Y
  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
  • Loss
  • PASS (Skip)
Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for DEI

11/06/2026: DEI (3-star) is currently NOT-A-BUY. Pass it for now.

Douglas Emmett is a REIT focused on high-quality office and multifamily residential assets in coastal Southern California and Honolulu. The company leverages a vertically integrated model to manage its prime portfolio, historically benefiting from supply-constrained submarkets. Its primary growth story revolves around stabilizing office occupancy through tenant-focused amenities while growing its multifamily residential footprint. However, the business faces significant risks from the shift to hybrid work, elevated interest rates, and the high cost of maintaining older assets. The stock may suit investors seeking exposure to coastal real estate, though they should carefully monitor office occupancy rates and interest rate trends as key developments.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorWeak fitThe office REIT sector is currently facing secular headwinds rather than high-growth characteristics.
Momentum investorWeak fitCurrent market trends in office real estate do not support a positive upturn signal.
Value investorMixed fitThe stock trades at a significant discount to NAV, but realization of value is dependent on office market stabilization.
Dividend investorMixed fitThe company pays a dividend, but the safety and growth of that payout are linked to office occupancy recovery.
Low-risk investorWeak fitHigh sensitivity to office market volatility and interest rates makes this unsuitable for low-risk profiles.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighThe stock is sensitive to interest rate changes and sector-specific sentiment regarding office space.
Valuation riskMedium / highUncertainty regarding the long-term appraisal of office real estate assets creates valuation risks.
Competition risk (office demand)HighThe shift toward hybrid work reduces aggregate demand for traditional office space, pressuring occupancy.
Business qualityMediumThe portfolio is high-quality, but its reliance on the office asset class limits overall business quality scores.
Dividend incomeMediumDividends are reliable for now but remain dependent on overall FFO stability.
Execution riskMediumSuccessfully repositioning or managing aging office assets requires significant execution capability.

Price Behavior

Rolling Over
PRICE PATH

Rolling Over

The price momentum is slowing down and beginning to turn downward.

Smooth
PRICE STABILITY

Smooth

The stock has moved along a generally orderly path with only modest fluctuations.

Analysis of Past Performance

Type Stock
Historic Profit 35.7%
Avg. Invested days 58
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 4.0
Stock Returns Performance Upturn Returns Performance icon 3.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 11/06/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
DEI receives a 3-star rating, supported by solid unit economics, solid company fundamentals, and solid analyst coverage. The rating is constrained by weak price momentum.

Company Fundamentals

★★★★★
DEI has solid overall fundamentals (4 stars), with solid financial health, moderate growth momentum, and solid ownership. In FY2025 versus FY2024, strong cash generation (FCF margin 19.4%) is partially offset by negative earnings growth (-30.8%), moderate revenue growth (+1.8%), soft profitability (net margin 1.6%).

Financial Health Rating

★★★★★
DEI's financial health is supported by solid cash strength, including free-cash-flow generation (19.4% of revenue). Liquidity is moderate (3 stars), which helps explain the 4-star overall score.

Growth Momentum Score

★★★★★
Free-cash-flow growth is DEI's strongest growth driver at +14.9% FY2025 versus FY2024 (solid, 4 stars). By comparison, while earnings growth (-30.8%, negative) holds the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 106.4% and approximately 97.3% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 3.50% provides only moderate management-shareholder alignment.

Top 5 Institutional Investors

Arnhold & S. Bleichroeder Advisers, LLC 16.67%
BlackRock Inc 14.56%
Vanguard Portfolio Management, LLC 9.80%
State Street Corp 5.65%
First Pacific Advisors, LP 5.22%

Unit Economics (Per $1K Revenue)

★★★★★
DEI generates approximately $634 of gross profit, $190 of operating income, and $194 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Solid margins and strong cash conversion support the rating, although capital efficiency remains weak.

Economic Dimensions

★★★★★
Effective Tax Rate: 242.32%

Quantitative Style Profile

★★★★★
DEI has a liquid profile. Weak momentum is the primary drawback, while elevated volatility.

Style Classification

Quality Focused

Value-OrientedHigh VolatilitySmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 2.04B USD
Price to earnings Ratio -
1Y Target Price 12.4
Price to earnings Ratio -
1Y Target Price 12.4
Volume (30-day avg) 2.2M shares
Beta 1.21
52 Weeks Range 8.62 - 12.71
Updated Date 11/08/2026
52 Weeks Range 8.62 - 12.71
Updated Date 11/08/2026
Dividends yield (FY) 7.29%
Basic EPS (TTM) -0.13

How Company Makes Money

Business areaWhat it includesRetail investor read
Office PortfolioRental income from office leases in Los Angeles and Honolulu.The primary source of revenue, currently pressured by work-from-home trends.
Multifamily PortfolioRental income from luxury residential apartments.A more stable, growth-oriented segment providing diversification from the office business.
Geography: Southern CaliforniaConcentrated properties in LA's most desirable coastal submarkets.The company's core region, essential for its supply-constrained business model.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date 2026-11-03
When After Market
Estimate 0.33
Actual 0.34

Profitability

Profit Margin -2.04%
Operating Margin (TTM) 18.15%

Management Effectiveness

Return on Assets (TTM) 1.26%
Return on Equity (TTM) -1.97%

Valuation

Trailing PE -
Forward PE 9
Enterprise Value 7.13B
Price to Sales(TTM) 2.01
Enterprise Value 7.13B
Price to Sales(TTM) 2.01
Enterprise Value to Revenue 7.01
Enterprise Value to EBITDA 11.87
Shares Outstanding 167.49M
Shares Floating 163.03M
Shares Outstanding 167.49M
Shares Floating 163.03M
Percent Insiders 3.5
Percent Institutions 106.37

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

Form CRS provides a relationship summary of our automated advisory services, flat subscription fees, and conflicts of interest. Form ADV Part 2A brochure contains complete details on services, billing, and disclosures. If any summary differs from our current regulatory filings, the filed Form ADV controls.