Sector: N/A | Industry: N/A |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 1299 Ocean Avenue, Suite 1000 SANTA MONICA CA 90401 |
Tel: | 1-310-2557751 |
Website: | https://www.douglasemmett.com |
IR: | See website |
Key People | ||
Jordan L. Kaplan President, Chief Executive Officer, Director | Peter D. Seymour Chief Financial Officer | Kenneth M. Panzer Chief Operating Officer, Director | Kevin A. Crummy Chief Investment Officer |
Business Overview |
Douglas Emmett, Inc. is a fully integrated, self-administered and self-managed REIT. The Company owns and operates office and multifamily properties located in premier coastal submarkets in Los Angeles and Honolulu. The Company's properties are located in the Beverly Hills, Brentwood, Burbank, Century City, Olympic Corridor, Santa Monica, Sherman Oaks/Encino, Warner Center/Woodland Hills and Westwood submarkets of Los Angeles County, California, and in Honolulu, Hawaii. The Company operates through two segments: the office segment and the multifamily segment. The Company's segments include the acquisition, development, ownership and management of office and multifamily real estate. The services of its office segment include primarily the rental of office space and other tenant services, including parking and storage space rental. The services of its multifamily segment include primarily the rental of apartments and other tenant services, including parking and storage space rental. |
Financial Overview |
For the fiscal year ended 31 December 2023, Douglas Emmett Inc revenues increased 3% to $1.02B. Net loss applicable to common stockholders totaled $43.9M vs. income of $96.2M. Revenues reflect Multifamily segment increase of 13% to $190.5M. Net loss reflects Net Operating Income (NOI)-Office decrease of 2% to $526.2M, Depreciation and amortization increase of 23% to $459.9M (expense). Dividend per share decreased from $1.59 to $0.95. |
Employees: | 750 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $7,248M as of Dec 31, 2023 |
Annual revenue (TTM): | $1,020M as of Dec 31, 2023 |
EBITDA (TTM): | $609.62M as of Dec 31, 2023 |
Net annual income (TTM): | -$43.90M as of Dec 31, 2023 |
Free cash flow (TTM): | $66.43M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $5,020M as of Dec 31, 2023 |
Shares outstanding: | 167,371,920 as of Apr 1, 2024 |
Index Membership: | S&P 600 Small Cap |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |