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Last $28.26 USD
Change Today +0.33 / 1.18%
Volume 1.1M
DEI On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

douglas emmett inc (DEI) Snapshot

Open
$28.19
Previous Close
$27.93
Day High
$28.57
Day Low
$27.81
52 Week High
08/13/15 - $31.04
52 Week Low
09/26/14 - $25.46
Market Cap
4.1B
Average Volume 10 Days
976.9K
EPS TTM
$0.33
Shares Outstanding
146.3M
EX-Date
06/26/15
P/E TM
84.9x
Dividend
$0.84
Dividend Yield
2.94%
Current Stock Chart for DOUGLAS EMMETT INC (DEI)

douglas emmett inc (DEI) Related Businessweek News

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douglas emmett inc (DEI) Details

Douglas Emmett, Inc., a real estate investment trust, owns and operates office and multifamily properties in California and Hawaii. As of December 31, 2007, the company’s office portfolio consisted of 48 properties and multifamily portfolio consisted of 9 properties. Its properties are located in Brentwood, Olympic Corridor, Century City, Beverly Hills, Santa Monica, Westwood, Sherman Oaks/Encino, Warner Center/Woodland Hills, and Burbank submarkets of Los Angeles County, California, as well as in Honolulu, Hawaii. The company is headquartered in Santa Monica, California.

560 Employees
Last Reported Date: 02/27/15
Founded in 1971

douglas emmett inc (DEI) Top Compensated Officers

Chief Executive Officer, President and Member...
Total Annual Compensation: $1.0M
Chief Financial Officer
Total Annual Compensation: $870.0K
Chief Operating Officer and Director
Total Annual Compensation: $1.0M
Chief Investment Officer
Total Annual Compensation: $840.0K
Senior Advisor
Total Annual Compensation: $966.7K
Compensation as of Fiscal Year 2014.

douglas emmett inc (DEI) Key Developments

Douglas Emmett Seeks Acquisitions

Douglas Emmett Inc (NYSE:DEI) is seeking acquisitions. Douglas Emmett will continue to work on acquisitions.

Douglas Emmett Inc Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Year 2015

Douglas Emmett Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenues of $160,457,000 compared to $151,422,000 a year ago. Operating income was $49,266,000 compared to $44,014,000 a year ago. Net income attributable to common stockholders was $13,448,000 or $0.089 per diluted share compared to $13,363,000 or $0.090 per diluted share a year ago. FFO was $70,994,000 or $0.40 per diluted share compared to $70,754,000 or $0.40 per diluted share a year ago. AFFO was $59,632,000 or $0.34 per diluted share compared to $56,921,000 or $0.32 per diluted share a year ago. Office NOI - GAAP basis was $84,361,000 compared to $84,144,000 a year ago. Multifamily NOI - GAAP basis was $15,684,000 compared to $14,770,000 a year ago. For the six months period, the company reported total revenues of $315,266,000 compared to $300,294,000 a year ago. Operating income was $96,861,000 compared to $87,391,000 a year ago. Net income attributable to common stockholders was $32,147,000 or $0.213 per diluted share compared to $26,339,000 or $0.178 per diluted share a year ago. FFO was $147,005,000 or $0.83 per diluted share compared to $140,277,000 or $0.80 per diluted share a year ago. AFFO was $113,084,000 or $0.64 per diluted share compared to $113,902,000 or $0.65 per diluted share a year ago. Net debt as at June 30, 2015 was $3,479,884,000. The company provided earnings guidance for the year 2015. For the year, the company expects funds from operations (FFO) of $1.61 to $1.65 per share and adjusted funds from operations (AFFO) of $1.24 to $1.28 per share. Interest expense expects to be $137 million to $139 million. Revenues will be essentially the same as in 2014.

Douglas Emmett Inc Obtains $180 Million Term Loan Fixed at 3.06%

Douglas Emmett Inc. announced that it has closed a secured, non-recourse $180 million interest only loan. The interest rate on the loan, at Libor plus 1.45%, has been effectively fixed at 3.06% per annum until July 2020 through an interest rate swap. The new loan is secured by one of Douglas Emmett's office properties and including the Company's two year extension option, effectively matures in July 2022. Douglas Emmett used the net proceeds of the loan to pay down the outstanding balance on its revolving credit facility.

 

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Industry Analysis

DEI

Industry Average

Valuation DEI Industry Range
Price/Earnings 98.5x
Price/Sales 6.6x
Price/Book 2.1x
Price/Cash Flow 16.2x
TEV/Sales 0.1x
 | 

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