Last $28.48 USD
Change Today -0.74 / -2.53%
Volume 1.3M
DEI On Other Exchanges
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As of 8:04 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

douglas emmett inc (DEI) Snapshot

Open
$29.23
Previous Close
$29.22
Day High
$29.23
Day Low
$28.48
52 Week High
01/28/15 - $29.80
52 Week Low
02/3/14 - $24.88
Market Cap
4.1B
Average Volume 10 Days
970.4K
EPS TTM
$0.29
Shares Outstanding
144.8M
EX-Date
12/26/14
P/E TM
98.2x
Dividend
$0.84
Dividend Yield
2.84%
Current Stock Chart for DOUGLAS EMMETT INC (DEI)

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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.

500 Employees
Last Reported Date: 02/27/14
Founded in 1971

douglas emmett inc (DEI) Top Compensated Officers

Chief Executive Officer, President, and Membe...
Total Annual Compensation: $3.2M
Chief Financial Officer and Principal Account...
Total Annual Compensation: $1.0M
Chief Operating Officer and Director
Total Annual Compensation: $3.2M
Senior Advisor
Total Annual Compensation: $966.7K
Compensation as of Fiscal Year 2013.

douglas emmett inc (DEI) Key Developments

Douglas Emmett Acquires Honolulu Multifamily Property

Douglas Emmett Inc. announced that it has acquired Waena Apartments, a 468 unit multifamily property in Honolulu, for a purchase price of $146 million (approximately $312,000 per unit). The property consists of 24 buildings on 12 acres and is approximately 97% leased. Waena is located at 1320 Aala Street, within walking distance of downtown Honolulu. The property recently benefited from a $22 million enhancement program, including upgraded interiors, a new community center and a solar electrical system. Douglas Emmett closed the purchase using its credit line, but intends to obtain permanent financing on the property in the near future. Douglas Emmett's total multifamily portfolio now consists of 10 properties totaling 3,336 units in West Los Angeles and Honolulu. Douglas Emmett also owns 61 office properties in Los Angeles and Honolulu totaling approximately 15.3 million square feet.

Douglas Emmett Declares Quarterly Cash Dividend, Payable on January 15, 2015

Douglas Emmett Inc. announced that its Board of Directors has declared a quarterly cash dividend on each share of its common stock of $0.21, or $0.84 on an annualized basis. The dividend will be paid on January 15, 2015 to shareholders of record as of December 30, 2014.

Douglas Emmett Inc Announces Earnings Results for the Third Quarter of 2014; Revises FFO Guidance for the Full Year of 2014

Douglas Emmett Inc. announced earnings results for the third quarter of 2014. For the third quarter of 2014, the company reported total revenues decreased by 1%, FFO decreased 2.1% to $62.7 million or $0.36 per diluted share, and AFFO decreased 6.6% to $46 million or $0.26 per diluted share, largely as a result of additional TIs, reflecting heavy leasing over the last 2 quarters, particularly in Warner Center. Comparing the cash basis results for same properties in the third quarter of 2014 to the third quarter of 2013, revenues decreased by 0.4%,%, reflecting lower office occupancy, partly offset by higher parking -- office parking income and multifamily revenues. The ongoing decline of noncash straight-line rent and FAS 141 income resulted in a reduction of GAAP NOI by 3.5%. For the full year 2014, the company revised FFO guidance to between $1.53 per share and $1.55 per share. The company expects occupancy at year-end to be essentially the same as last year, which expect will produce same-store cash NOI growth this year of up to 1%.

 

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Valuation DEI Industry Range
Price/Earnings 100.0x
Price/Sales 6.9x
Price/Book 2.1x
Price/Cash Flow 16.9x
TEV/Sales 0.8x
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