Douglas Emmett Dividends and Buybacks
Dividend criteria checks 4/6
Douglas Emmett is a dividend paying company with a current yield of 6.26% that is well covered by earnings. Next payment date is on 15th July, 2026 with an ex-dividend date of 30th June, 2026.
Key information
6.3%
Dividend yield
0%
Buyback Yield
| Total Shareholder Yield | 6.3% |
| Future Dividend Yield | 6.6% |
| Dividend Growth | -1.4% |
| Next dividend pay date | 15 Jul 26 |
| Ex dividend date | 30 Jun 26 |
| Dividend per share | n/a |
| Payout ratio | 44% |
Recent dividend and buyback updates
Recent updates
Narrative Update • Jun 30
DEI: Fair Outlook Balances NYC Office Demand And Beverly Hills Expansion
For Douglas Emmett, the analyst price target underpinning this framework edges up from $10.00 to $11.00 as analysts factor in updated NAREIT and Q1 sector readthroughs, slight tweaks to the discount rate and revenue growth assumptions, and a higher implied future P/E multiple. Analyst Commentary Recent Street research around Douglas Emmett points to a mixed backdrop, where several firms are refining their models following sector conferences and Q1 readthroughs.Seeking Alpha • Jun 17
Douglas Emmett: An Office REIT Able To Grow Leases, Not Profits Just Yet
Summary Douglas Emmett is rated a Hold due to high leverage and weak FFO trends despite strong leasing momentum. DEI's portfolio is concentrated in affluent Los Angeles and Honolulu markets, offering niche specialization but significant geographic risk. Dividend coverage remains solid with a 1.3x AFFO coverage and ~6% yield, but dividend growth and operating cash flow trends could be better. Valuation appears fair, with modest upside potential; technicals show recovery but not an extended confirmed bullish reversal. Read the full article on Seeking Alpha
Narrative Update • Jun 16
DEI: Medical Office Concentration And Muted Earnings Outlook Will Shape Returns
Analysts have nudged their average price target for Douglas Emmett higher to $14, citing updated conference takeaways and recent Q1 sector readthroughs that feed into slightly adjusted fair value, discount rate, growth, margin, and future P/E assumptions. Analyst Commentary Recent research updates around Douglas Emmett center on refreshed fair value work after sector conferences and Q1 readthroughs across U.S. real estate and REITs, with price targets and P/E assumptions being recalibrated rather than overhauled.Narrative Update • Jun 01
DEI: Medical Office Scale And Cautious Outlook Will Shape Future Returns
Analysts have nudged the updated fair value estimate for Douglas Emmett to $12.50, reflecting recent price target increases around $12 and refreshed assumptions on revenue growth, margins, and future P/E. Analyst Commentary Street research on Douglas Emmett has recently centered on modestly higher price targets and updated sector views following Q1 results across U.S. real estate and REITs. Bullish Takeaways Bullish analysts have raised price targets into the US$12 range, signaling that current trading levels are seen as broadly aligned with refreshed assumptions on revenue, margins, and P/E.Narrative Update • Apr 29
DEI: Medical Portfolio Expansion And Disciplined Buybacks Will Shape Future Returns
The analyst price target for Douglas Emmett has been reset slightly lower to $11.55, with recent Street research pointing to revised views on REIT valuation, earnings focus, and capital allocation as key drivers of the change. Analyst Commentary Recent Street research on Douglas Emmett reflects a mix of optimism and caution around valuation, earnings power, and capital allocation, with several firms adjusting price targets and reiterating more neutral ratings.Narrative Update • Apr 11
DEI: Higher Development Yields And Disciplined Buybacks Will Support Future Upside Potential
The analyst price target for Douglas Emmett has shifted modestly, with recent revisions such as Scotiabank moving to $11.50 from $12.50 and Citi to $10 from $12, as analysts factor in updated expectations for funds from operations, new office leasing trends, and the balance between buybacks, asset sales, and earnings growth. Analyst Commentary Recent Street research around Douglas Emmett centers on how management balances buybacks, asset sales, and earnings growth, along with shifting expectations for office leasing and funds from operations.Narrative Update • Mar 26
DEI: Higher Development Yields And Focused Buybacks Will Eventually Unlock Share Value
Analysts have trimmed their consolidated price target on Douglas Emmett to $11.75 from $12.05, reflecting recent sector wide REIT target resets and updated views on development yields, buybacks, and external growth. Analyst Commentary Recent Street research points to a more cautious stance on Douglas Emmett, with several price targets reset in a relatively tight band around the low to mid teens.Narrative Update • Mar 11
DEI: Softer Leasing And Focused Buybacks Will Eventually Unlock Share Value
Narrative Update on Douglas Emmett The updated analyst price target for Douglas Emmett has edged down from $12.25 to $12.05, as analysts factor in lower profit margin assumptions, a higher future P/E of 45.80, and recent sector wide target cuts tied to more cautious views on REIT earnings growth and capital deployment. Analyst Commentary Recent Street research on Douglas Emmett has centered on lower price targets, ongoing Neutral or equivalent ratings, and questions around how management allocates capital between buybacks, asset sales, and external growth.
New Narrative • Mar 05
Future Coastal Multifamily Projects Will Drive A Stronger Long Term Outlook
Catalysts About Douglas Emmett Douglas Emmett is a REIT focused on owning and operating office and multifamily properties in supply constrained, high income coastal submarkets, primarily on the Westside of Los Angeles and in Honolulu. What are the underlying business or industry changes driving this perspective?Narrative Update • Feb 25
DEI: Softer Office Leasing And Buybacks Will Eventually Reward Patient Holders
The analyst price target for Douglas Emmett has been reduced by $0.90 to $12.25, as analysts factor in softer new office leasing trends, a lower profit margin assumption of 6.42%, and a higher future P/E of 39.46x that aligns with recent target cuts from $12 to $10 and from $14 to $11. Analyst Commentary Recent research updates frame Douglas Emmett as a company where expectations have been reset, with price targets clustered in a relatively narrow range and ratings generally held at Neutral.New Narrative • Feb 18
Office Leasing And Rent Controls Will Restrain Returns While Debt Costs Stay Elevated
Catalysts About Douglas Emmett Douglas Emmett is a real estate investment trust focused on owning and managing office and multifamily properties, primarily in Los Angeles and Honolulu. What are the underlying business or industry changes driving this perspective?Narrative Update • Feb 09
DEI: Slower Office Leasing Will Ultimately Set Up Future Value Recovery
The analyst price target for Douglas Emmett has been trimmed as analysts factor in slower new office leasing activity and recent target cuts from firms that now view the shares as value oriented but facing more tempered expectations. Analyst Commentary Bullish Takeaways Bullish analysts still see Douglas Emmett as a value oriented name within the REIT space, pointing to its inclusion among what they describe as their most attractive value stocks under coverage.Narrative Update • Jan 25
DEI: Office Leasing Headwinds Will Eventually Give Way To REIT Value Upside
Analysts trimmed their price targets for Douglas Emmett, with recent moves such as Wells Fargo cutting its target to US$15 from US$20 and Scotiabank adjusting to US$16 from US$18, citing a slower pace of new office leasing, while still highlighting value within the REIT sector. Analyst Commentary Bullish Takeaways Bullish analysts still flag Douglas Emmett as one of the more attractive value opportunities within their REIT coverage, even after trimming price targets.Narrative Update • Jan 11
DEI: Healthy REIT Fundamentals And Completed Buybacks Will Support Future Upside
Analysts have trimmed their price expectations for Douglas Emmett, reflected in a slightly lower fair value estimate that is aligned with recent Street target cuts to around $15 to $16, while still citing healthy sector operating conditions and perceived value in the shares. Analyst Commentary Recent Street commentary around Douglas Emmett points to a mixed but generally constructive view, with price targets reset closer to current trading levels while ratings remain supportive.Narrative Update • Dec 27
DEI: Resilient REIT Fundamentals Will Drive Future Upside Despite Higher Discount Rates
Analysts have trimmed their average price target for Douglas Emmett by approximately $0.27 as they factor in slightly higher discount rates, while still emphasizing resilient REIT operating conditions and the stock's continued appeal as a value opportunity. Analyst Commentary Recent Street commentary highlights a nuanced view of Douglas Emmett, with price targets edging lower but ratings and qualitative assessments remaining constructive on the company s long term prospects.Narrative Update • Dec 13
DEI: Capital Markets Execution Will Support Future Upside Despite Office Demand Concerns
Analysts have trimmed their price target on Douglas Emmett slightly, cutting fair value by about $0.18 per share, as modestly higher discount rate assumptions more than offset incremental improvements in projected revenue growth and capital markets execution. Analyst Commentary Bullish analysts continue to highlight Douglas Emmett's relative value within the REIT universe, noting that even with reduced targets, the implied upside remains attractive compared to peers.Narrative Update • Nov 29
DEI: Recent Market Activity Will Drive Resilience Despite Mixed Sector Outlook
Analysts have modestly reduced their price target for Douglas Emmett from $15.25 to $14.32, citing lowered growth and profit margin expectations. They also highlight stable operating conditions observed across the REIT sector.Narrative Update • Nov 15
DEI: Recent Capital Markets Activity Will Support Financial Flexibility Ahead
Analysts have revised their price target for Douglas Emmett downward from $16.86 to $15.25 per share. This change reflects recent sector results and evolving assumptions on growth and margins.Narrative Update • Oct 31
DEI: Capital Markets Activity Will Drive Renewed Confidence In 2025 Execution
Analysts have modestly increased their average price target for Douglas Emmett from $18 to $19 per share. They cited recent capital markets activity and refinements in outlook following second-quarter results.Narrative Update • Oct 17
Redevelopment And New Ventures Expected To Improve Occupancy And Earnings Stability
Analysts have updated their price targets for Douglas Emmett, with recent revisions reflecting both an increase by $1 and a decrease by $1. These changes incorporate new refinancing activities and sector-wide adjustments following Q2 results.Narrative Update • Oct 03
Redevelopment And New Ventures Expected To Improve Occupancy And Earnings Stability
Analysts have adjusted their fair value estimate for Douglas Emmett downward from $21.66 to $16.86. This revision is attributed to shifts in capital markets activity, sector-wide assumptions following recent earnings, and updated projections for growth and profitability.
New Narrative • Mar 21
Redevelopment And New Ventures Expected To Improve Occupancy And Earnings Stability
Redevelopment and acquisitions at key locations are anticipated to enhance occupancy and revenue growth, improving net margins and income stability.Seeking Alpha • Mar 16
Douglas Emmett: A Buy As Long As The U.S. Avoids Recession
Summary Douglas Emmett is an office REIT with a growing multifamily portfolio focused on California and Hawaii. The REIT's FFO in 2024 was impacted by weak office fundamentals, while the significance of multifamily for NOI increased. The continued office downturn will continue to weigh on FFO in 2025, with expiring interest rate hedges having an outsized effect this year as well. Looking ahead, the company's debt is at a 50% floating rate, indicating limited headwinds from higher interest expenses in 2026-2027. Key risks to consider include a potential U.S. recession, high leverage, and idiosyncratic risks related to California and Hawaii. Read the full article on Seeking AlphaSeeking Alpha • Sep 12
Douglas Emmett: Attractively Valued Before Fed Policy Normalization (Rating Upgrade)
Summary Douglas Emmett is an office REIT with 20% multifamily exposure exclusively focused on California and Hawaii. Performance so far in 2024 has been in line with the Vanguard Real Estate Index Fund ETF, with the shares delivering a circa 12.7% total return. I expect the REIT to outperform going forward thanks to a 9.5x FFO multiple and a market-implied cap rate between 7% and 8.9%, depending on the cash flow measure used. The company will also benefit from Fed rate cuts thanks to a 58% debt portion in the capital structure, with 31% of all debt floating rate. Risks include potential recession impacts on office demand and slower-than-expected Fed rate cuts, which could increase interest expenses as 20% of debt is fixed with expiring interest rate swaps. Read the full article on Seeking AlphaSeeking Alpha • May 21
Douglas Emmett: Good Residential Performance Is Swamped By Office Market Realities
Summary Douglas Emmett is an office REIT focused on California and Hawaii, with 20% of annual rent coming from multifamily properties. Operational performance is very polarized, with an 80.8% leased rate for offices but 98.9% for residential. The majority of the company's interest rate swaps will expire in the next two years, straining cash generation for shareholders. Net debt accounts for 60% of enterprise value, with only 25% of all debt fixed at circa 3% until 2026-2027. The market implied cap rate stands at about 8.1%. Read the full article on Seeking AlphaStability and Growth of Payments
Fetching dividends data
Stable Dividend: DEI's dividend payments have been volatile in the past 10 years.
Growing Dividend: DEI's dividend payments have fallen over the past 10 years.
Dividend Yield vs Market
| Douglas Emmett Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (DEI) | 6.3% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.2% |
| Industry Average (Office REITs) | 4.4% |
| Analyst forecast (DEI) (up to 3 years) | 6.6% |
Notable Dividend: DEI's dividend (6.26%) is higher than the bottom 25% of dividend payers in the US market (1.36%).
High Dividend: DEI's dividend (6.26%) is in the top 25% of dividend payers in the US market (4.16%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (43.8%), DEI's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (42.1%), DEI's dividend payments are well covered by cash flows.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/01 21:51 |
| End of Day Share Price | 2026/07/01 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Douglas Emmett, Inc. is covered by 32 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| David Rodgers | Baird |
| Ross Smotrich | Barclays |
| John Kim | BMO Capital Markets Equity Research |