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DEI

Douglas EmmettNYSE:DEI Stock Report

Last Price

US$35.31

Market Cap

US$7.3b

7D

-1.9%

1Y

21.5%

Updated

17 Jan, 2022

Data

Company Financials +
DEI fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance1/6
Financial Health2/6
Dividends5/6

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

Boston Properties

NYSE:BXP

US$21.5b

Vornado Realty Trust

NYSE:VNO

US$9.6b

Kilroy Realty

NYSE:KRC

US$8.2b

SL Green Realty

NYSE:SLG

US$5.5b

Price History & Performance

Summary of all time highs, changes and price drops for Douglas Emmett
Historical stock prices
Current Share PriceUS$35.31
52 Week HighUS$36.97
52 Week LowUS$27.15
Beta0.84
1 Month Change6.97%
3 Month Change5.78%
1 Year Change21.55%
3 Year Change-2.24%
5 Year Change-8.14%
Change since IPO49.30%

Recent News & Updates

Shareholder Returns

DEIUS REITsUS Market
7D-1.9%-0.8%-0.3%
1Y21.5%30.5%13.7%

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.

Price Volatility

Is DEI's price volatile compared to industry and market?
DEI volatility
DEI Average Weekly Movement4.8%
REITs Industry Average Movement3.9%
Market Average Movement6.6%
10% most volatile stocks in US Market15.9%
10% least volatile stocks in US Market2.4%

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

FoundedEmployeesCEOWebsite
1971700Jordan Kaplanhttps://www.douglasemmett.com

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

How do Douglas Emmett's earnings and revenue compare to its market cap?
DEI fundamental statistics
Market CapUS$7.26b
Earnings (TTM)US$62.77m
Revenue (TTM)US$891.85m

115.7x

P/E Ratio

8.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DEI income statement (TTM)
RevenueUS$891.85m
Cost of RevenueUS$302.94m
Gross ProfitUS$588.91m
ExpensesUS$526.15m
EarningsUS$62.77m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Feb 08, 2022

Earnings per share (EPS)0.31
Gross Margin66.03%
Net Profit Margin7.04%
Debt/Equity Ratio129.6%

How did DEI perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

52%

Payout Ratio

Valuation

Is Douglas Emmett undervalued compared to its fair value and its price relative to the market?

37.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: DEI ($35.31) is trading below our estimate of fair value ($56.44)

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).


Future Growth

How is Douglas Emmett forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

32.5%

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%).


Past Performance

How has Douglas Emmett performed over the past 5 years?

11.6%

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.


Financial Health

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).


Balance Sheet


Dividend

What is Douglas Emmett current dividend yield, its reliability and sustainability?

3.17%

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).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

15.3yrs

Average management tenure


CEO

Jordan Kaplan (60 yo)

17yrs

Tenure

US$8,468,019

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 ($USD8.47M) is above average for companies of similar size in the US market ($USD6.40M).

Compensation vs Earnings: Jordan's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: DEI's management team is seasoned and experienced (15.3 years average tenure).


Board Members

Experienced Board: DEI's board of directors are seasoned and experienced ( 12.5 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Douglas Emmett, Inc.'s 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$7.259b
  • Market Cap: US$6.196b
  • Shares outstanding: 205.59m
  • Website: https://www.douglasemmett.com

Number of Employees


Location

  • Douglas Emmett, Inc.
  • 1299 Ocean Avenue
  • Suite 1000
  • Santa Monica
  • California
  • 90401
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/17 23:20
End of Day Share Price2022/01/14 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.