Douglas Emmett
Market Cap
US$8.7b
Last Updated
2019/10/21 23:59 UTC
Data Sources
Company Financials +
Executive Summary
Douglas Emmett, Inc. (DEI) is a fully integrated, self-administered and self-managed real estate investment trust (REIT), and one of the largest owners and operators of high-quality office and multifamily properties located in the premier coastal submarkets of Los Angeles and Honolulu.
Snowflake
Fundamentals
Average dividend payer with questionable track record.
Similar Companies
Share Price & News
How has Douglas Emmett's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
1.6%
DEI
1.5%
US REITs
0.5%
US Market
1 Year Return
18.5%
DEI
20.3%
US REITs
6.8%
US Market
Return vs Industry: DEI underperformed the US REITs industry which returned 20.3% over the past year.
Return vs Market: DEI exceeded the US Market which returned 6.8% over the past year.
Shareholder returns
| DEI | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.6% | 1.5% | 0.5% |
| 30 Day | 0.9% | 1.7% | -0.8% |
| 90 Day | 5.9% | 7.6% | -0.9% |
| 1 Year | 21.7%18.5% | 25.7%20.3% | 9.2%6.8% |
| 3 Year | 25.7%16.3% | 35.8%18.5% | 45.6%36.2% |
| 5 Year | 75.1%53.1% | 64.6%29.8% | 63.2%45.4% |
Price Volatility Vs. Market
How volatile is Douglas Emmett's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Read This Before Judging Douglas Emmett, Inc.'s (NYSE:DEI) ROE4 weeks ago | Simply Wall St
Douglas Emmett, Inc. (NYSE:DEI) Looks Like A Good Stock, And It's Going Ex-Dividend Soon1 month ago | Simply Wall St
How Should Investors React To Douglas Emmett, Inc.'s (NYSE:DEI) CEO Pay?Valuation
Is Douglas Emmett undervalued compared to its fair value and its price relative to the market?
61.57x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: DEI ($42.69) is trading above our estimate of fair value ($40.15)
Significantly Below Fair Value: DEI is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: DEI is poor value based on its PE Ratio (61.6x) compared to the REITs industry average (36.2x).
PE vs Market: DEI is poor value based on its PE Ratio (61.6x) compared to the US market (17.7x).
Price to Earnings Growth Ratio
PEG Ratio: DEI is poor value based on its PEG Ratio (4.4x)
Price to Book Ratio
PB vs Industry: DEI is overvalued based on its PB Ratio (3x) compared to the US REITs industry average (2x).
Next Steps
Future Growth
How is Douglas Emmett forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
13.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DEI's forecast earnings growth (13.9% per year) is above the savings rate (2.7%).
Earnings vs Market: DEI's earnings (13.9% per year) are forecast to grow slower than the US market (14.6% per year).
High Growth Earnings: DEI's earnings are forecast to grow, but not significantly.
Revenue vs Market: DEI's revenue (3.4% per year) is forecast to grow slower than the US market (7.2% per year).
High Growth Revenue: DEI's revenue (3.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: DEI's Return on Equity is forecast to be low in 3 years time (7%).
Next Steps
Past Performance
How has Douglas Emmett performed over the past 5 years?
22.0%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: DEI's earnings have grown significantly by 22% per year over the past 5 years.
Accelerating Growth: DEI's earnings growth over the past year (3.5%) is below its 5-year average (22% per year).
Earnings vs Industry: DEI earnings growth over the past year (3.5%) underperformed the REITs industry 17.6%.
Return on Equity
High ROE: DEI's Return on Equity (3.2%) is considered low.
Return on Assets
ROA vs Industry: DEI's Return on Assets is below or equal to the REITs industry average last year.
Return on Capital Employed
ROCE Improving: DEI has improved its Return on Capital Employed over the past 3 years.
Next Steps
Financial Health
How is Douglas Emmett's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: DEI has a high level of physical assets or inventory.
Debt Coverage by Assets: DEI's debt is not covered by short term assets (assets are 0.1x debt).
Financial Institutions Analysis
Asset Level: DEI's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if DEI has a sufficient allowance for bad loans.
Low Risk Liabilities: DEI reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if DEI has an acceptable proportion of non-loan assets held.
Low Risk Deposits: DEI has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if DEI has an appropriate level of bad loans.
Next Steps
Dividend
What is Douglas Emmett's current dividend yield, its reliability and sustainability?
2.44%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: DEI's dividend (2.44%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: DEI's dividend (2.44%) is low compared to the top 25% of dividend payers in the US market (3.73%).
Stable Dividend: DEI's dividend payments have been volatile in the past 10 years.
Growing Dividend: DEI's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (41.9%), DEI's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: DEI's dividends in 3 years are forecast to be thoroughly covered by earnings (0.2% payout ratio).
Next Steps
Management
What is the CEO of Douglas Emmett's salary, the management and board of directors tenure and is there insider trading?
13.0yrs
Average management tenure
CEO
Jordan Kaplan (58yo)
14.8yrs
Tenure
US$8,738,314
Compensation
Mr. Jordan L. Kaplan serves as the Chief Executive Officer, President and a Member of the Board at Douglas Emmett Inc. since 2005. Mr. Kaplan joined Douglas Emmett and Company in 1986. He co-founded Dougla ...
CEO Compensation Analysis
Compensation vs. Market: Jordan's total compensation ($USD8.74M) is about average for companies of similar size in the US market ($USD6.81M).
Compensation vs Earnings: Jordan's compensation has been consistent with company performance over the past year.
Management Age and Tenure
13.0yrs
Average Tenure
58yo
Average Age
Experienced Management: DEI's management team is seasoned and experienced (13 years average tenure).
Board Age and Tenure
13.0yrs
Average Tenure
61yo
Average Age
Experienced Board: DEI's board of directors are seasoned and experienced ( 13 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chairman of the Board Executive Chairman |
| Shares | 40,000 |
| Max Price | US$40.78 |
| Entity | Individual |
| Role | Lead Director Lead Independent Director |
| Shares | 8,700 |
| Max Price | US$34.17 |
Ownership Breakdown
Management Team
Ted Guth (64yo)
Senior Advisor
- Tenure: 0yrs
- Compensation: US$1.62m
Dan Emmett (79yo)
Executive Chairman
- Tenure: 14.8yrs
- Compensation: US$253.00k
Peter Seymour (51yo)
Chief Financial Officer
- Tenure: 0.7yrs
Ken Panzer (59yo)
COO & Director
- Tenure: 13yrs
- Compensation: US$8.73m
Michael Means (58yo)
Senior Vice President of Commercial Leasing
- Tenure: 0yrs
Jordan Kaplan (58yo)
President
- Tenure: 14.8yrs
- Compensation: US$8.74m
Allan Golad (64yo)
Senior Vice President of Property Management
- Tenure: 13yrs
Kevin Crummy (53yo)
Chief Investment Officer
- Tenure: 5.8yrs
- Compensation: US$1.94m
Stuart McElhinney
Vice President of Investor Relations
- Tenure: 0yrs
Mona Gisler (45yo)
Chief Accounting Officer
- Tenure: 0yrs
- Compensation: US$617.33k
Board Members
Chris Anderson (76yo)
Independent Director
- Tenure: 7.9yrs
- Compensation: US$182.89k
William Simon (68yo)
Lead Independent Director
- Tenure: 0yrs
- Compensation: US$195.35k
Tom O'Hern (63yo)
Independent Director
- Tenure: 13yrs
- Compensation: US$201.60k
Les Bider (68yo)
Independent Director
- Tenure: 13yrs
- Compensation: US$195.35k
Dan Emmett (79yo)
Executive Chairman
- Tenure: 14.8yrs
- Compensation: US$253.00k
Ken Panzer (59yo)
COO & Director
- Tenure: 13yrs
- Compensation: US$8.73m
Jordan Kaplan (58yo)
President
- Tenure: 14.8yrs
- Compensation: US$8.74m
Johnese Spisso (58yo)
Director
- Tenure: 0.08yrs
David Feinberg (57yo)
Independent Director
- Tenure: 3.7yrs
- Compensation: US$182.89k
Virginia McFerran (55yo)
Independent Director
- Tenure: 4.4yrs
- Compensation: US$182.89k
Company Information
Douglas Emmett, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Douglas Emmett, Inc.
- Ticker: DEI
- Exchange: NYSE
- Founded: 1971
- Industry: Office REITs
- Sector: Real Estate
- Implied Market Cap: US$8.655b
- Market Cap: US$7.481b
- Shares outstanding: 203.35m
- Website: https://www.douglasemmett.com
Number of Employees
Location
- Douglas Emmett, Inc.
- 1299 Ocean Avenue
- Suite 1000
- Santa Monica
- California
- 90401
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| DEI | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Oct 2006 |
| D8K | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Oct 2006 |
Biography
Douglas Emmett, Inc. (DEI) is a fully integrated, self-administered and self-managed real estate investment trust (REIT), and one of the largest owners and operators of high-quality office and multifamily ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/21 23:59 |
| End of Day Share Price | 2019/10/21 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.