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Douglas Emmett Inc

Douglas Emmett Inc

DEI
$11.76USD↓-1.01%-0.12 today

MARKET CAP

2.0B

P/E (TTM)

—

FWD P/E

—

DAY RANGE

$12 – $12

52W RANGE

$9
$17

AI Summary

Stalk
StalkMedium

DEI is consolidating in a neutral range below its downward-sloping 200-day SMA, indicating no immediate timing edge despite a stage 2 recovery bias. The medium-term outlook remains constructive, but price needs a decisive reclaim and acceptance above the 200-day SMA at ~11.95 before bullish participation; otherwise, deferred entries near breakout confirmation are preferred.

  • ↑Executed over 450,000 sq ft of new leases, best quarter ever
  • ↑Controls ~33% of Class A Beverly Hills office, boosting pricing power
  • ↓Interest expenses rose, dragging Q1 FFO down to $0.37 per share
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The case for & against

Bull & Bear analysis

Bullish

Douglas Emmett, Inc. (NYSE: DEI) operates as a notable real estate investment trust (REIT) focused on acquiring, developing, and managing high-quality office and multifamily properties primarily in Los Angeles and Honolulu. The company positions itself strategically within affluent submarkets, capitalizing on increased demand for quality housing and office spaces. As the office real estate sector experiences transitional dynamics post-pandemic, Douglas Emmett is recognized for leveraging its portfolio and market presence effectively amidst ongoing recovery trends.

Bull says

  • ↑Executed over 450,000 sq ft of new leases, best quarter ever
  • ↑Controls ~33% of Class A Beverly Hills office, boosting pricing power
  • ↑Multifamily assets 99% occupied; same-property cash NOI +5% YoY
  • ↑Dividend yield ~6.2% appeals to income-focused investors
  • ↑Acquired Bedford Collection for $260M at discount to long-term value
  • ↑High book-to-price ratio suggests undervaluation and strong dividend appeal

Bear says

  • ↓Interest expenses rose, dragging Q1 FFO down to $0.37 per share
  • ↓Negative earnings yield indicates difficulty generating investor returns
  • ↓Heavy leverage heightens refinancing and credit risks
  • ↓Same-property cash NOI fell 1.4%, led by office segment weakness
  • ↓Declining institutional ownership may pressure stock demand
  • ↓Elevated volatility could deter risk-averse investors

Investment themes with DEI

Office REITs↑ +0.69%

VNO · BXP · CUZ

Earnings Call · Q4 2023 · Mgmt. Guidance

Updated 04-27-2026neutral

Transcript signals

Bull points

  • I am pleased that shortly after quarter end, one of our largest tenants signed an early renewal for 250,000 square feet.
  • We continue to grow our residential portfolio. We have added almost 1,300 apartments over the last five years in our strongest markets.
  • our residential portfolio now provides almost 20% of our rental revenue.

Bear points

  • In 2023, higher interest rates fueled recession fears. As a result, tenants became more cautious, office leasing slowed, and our leasing gains immediately following the pandemic were reversed.
  • our 2024 guidance anticipates lower FFO as a result of vacating the Barrington Plaza apartments, the expiration of one large lease, and higher interest costs.
  • Our guidance does not take into account any significant recovery in leasing demand,
Read full transcript analysis ›