DEI Stock Overview
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.
Douglas Emmett Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$35.31|
|52 Week High||US$36.97|
|52 Week Low||US$27.15|
|1 Month Change||6.97%|
|3 Month Change||5.78%|
|1 Year Change||21.55%|
|3 Year Change||-2.24%|
|5 Year Change||-8.14%|
|Change since IPO||49.30%|
Recent News & Updates
|DEI||US REITs||US Market|
Return vs Industry: DEI underperformed the US REITs industry which returned 30.5% over the past year.
Return vs Market: DEI exceeded the US Market which returned 13.7% over the past year.
|DEI Average Weekly Movement||4.8%|
|REITs Industry Average Movement||3.9%|
|Market Average Movement||6.6%|
|10% most volatile stocks in US Market||15.9%|
|10% least volatile stocks in US Market||2.4%|
Stable Share Price: DEI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: DEI's weekly volatility (5%) has been stable over the past year.
About the Company
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. Douglas Emmett focuses on owning and acquiring a substantial share of top-tier office properties and premier multifamily communities in neighborhoods that possess significant supply constraints, high-end executive housing and key lifestyle amenities.
Douglas Emmett Fundamentals Summary
|DEI fundamental statistics|
Is DEI overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|DEI income statement (TTM)|
|Cost of Revenue||US$302.94m|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Feb 08, 2022
|Earnings per share (EPS)||0.31|
|Net Profit Margin||7.04%|
How did DEI perform over the long term?See historical performance and comparison
3.2%Current Dividend Yield
Is Douglas Emmett undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: DEI ($35.31) is trading below our estimate of fair value ($55.95)
Significantly Below Fair Value: DEI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: DEI is poor value based on its PE Ratio (115.7x) compared to the US REITs industry average (46.5x).
PE vs Market: DEI is poor value based on its PE Ratio (115.7x) compared to the US market (17.4x).
Price to Earnings Growth Ratio
PEG Ratio: DEI is poor value based on its PEG Ratio (3.6x)
Price to Book Ratio
PB vs Industry: DEI is overvalued based on its PB Ratio (3x) compared to the US REITs industry average (2x).
How is Douglas Emmett forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DEI's forecast earnings growth (32.5% per year) is above the savings rate (2%).
Earnings vs Market: DEI's earnings (32.5% per year) are forecast to grow faster than the US market (13% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: DEI's revenue (5.8% per year) is forecast to grow slower than the US market (9.3% per year).
High Growth Revenue: DEI's revenue (5.8% 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 (5.4%).
How has Douglas Emmett performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DEI has a large one-off gain of $23.4M impacting its September 30 2021 financial results.
Growing Profit Margin: DEI's current net profit margins (7%) are lower than last year (33.6%).
Past Earnings Growth Analysis
Earnings Trend: DEI's earnings have grown by 11.6% per year over the past 5 years.
Accelerating Growth: DEI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: DEI had negative earnings growth (-79.7%) over the past year, making it difficult to compare to the REITs industry average (29.5%).
Return on Equity
High ROE: DEI's Return on Equity (1.4%) is considered low.
How is Douglas Emmett's financial position?
Financial Position Analysis
Short Term Liabilities: DEI's short term assets ($505.9M) exceed its short term liabilities ($336.9M).
Long Term Liabilities: DEI's short term assets ($505.9M) do not cover its long term liabilities ($5.1B).
Debt to Equity History and Analysis
Debt Level: DEI's net debt to equity ratio (120.7%) is considered high.
Reducing Debt: DEI's debt to equity ratio has reduced from 149.3% to 129.6% over the past 5 years.
Debt Coverage: DEI's debt is not well covered by operating cash flow (7.9%).
Interest Coverage: DEI's interest payments on its debt are not well covered by EBIT (1.2x coverage).
What is Douglas Emmett current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: DEI's dividend (3.17%) is higher than the bottom 25% of dividend payers in the US market (1.32%).
High Dividend: DEI's dividend (3.17%) is low compared to the top 25% of dividend payers in the US market (3.44%).
Stability and Growth of Payments
Stable Dividend: DEI's dividends per share have been stable in the past 10 years.
Growing Dividend: DEI's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (51.9%), DEI's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: DEI's dividends in 3 years are forecast to be covered by earnings (56.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jordan Kaplan (60 yo)
Mr. Jordan L. Kaplan serves as the Chief Executive Officer, President and a Member of the Board at Douglas Emmett Inc. since 2005. Mr. Kaplan joined Douglas Emmett and Company in 1986. He co-founded Dougla...
CEO Compensation Analysis
Compensation vs Market: Jordan's total compensation ($USD8.47M) is above average for companies of similar size in the US market ($USD6.40M).
Compensation vs Earnings: Jordan's compensation has been consistent with company performance over the past year.
Experienced Management: DEI's management team is seasoned and experienced (15.3 years average tenure).
Experienced Board: DEI's board of directors are seasoned and experienced ( 12.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Douglas Emmett, Inc.'s employee growth, exchange listings and data sources
- Name: Douglas Emmett, Inc.
- Ticker: DEI
- Exchange: NYSE
- Founded: 1971
- Industry: Office REITs
- Sector: Real Estate
- Implied Market Cap: US$7.259b
- Market Cap: US$6.196b
- Shares outstanding: 205.59m
- Website: https://www.douglasemmett.com
Number of Employees
- Douglas Emmett, Inc.
- 1299 Ocean Avenue
- Suite 1000
- Santa Monica
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/17 23:20|
|End of Day Share Price||2022/01/14 00:00|
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.