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Douglas Emmett Inc (DEI) stock analysis

DEINYSEReal Estate Investment TrustsFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 6, 2026Score 7/3050% below fair value
$10.01+0.01 (+0.10%)

Close on Nov 11, 2026Market cap $1.68BP/E –Yield 7.59%

StockData Score

Prices as of Nov 11, 2026How the score works

Value3Growth1Performance0Health0Dividend3

Weak7 of 30 checks passed

Douglas Emmett passes 7 of the 30 checks behind our score; 11 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation
3/6
Growth
1/6
Past performance
0/6
Financial health
0/6
Dividend
3/6

What stands out

  • Margin of safety over 20%

    The price is 50.0% below fair value, more than the 20% cushion we look for.

  • Trading below fair value

    The share price of $10.01 is below our fair value estimate of $20.00.

  • Guidance raised

    Douglas Emmett raised its 2026 Straight-line Revenue outlook on Aug 4, 2026.

  • P/B below the industry

    Douglas Emmett's price-to-book of 0.92 is below the Miscellaneous Investing median of 1.20.

What to watch

  • Return on equity under 15%

    Return on equity was -1.1% over the last twelve months and averaged 1.3% over five years; we look for 15% on both.

  • Earnings shrank over 5 years

    Net income shrank 20.2% a year on average over the last five fiscal years.

  • Revenue growing under 10% a year

    Revenue grew 0.3% a year over the last three fiscal years, short of the 10% we look for.

  • EPS growing under 10% a year

    Diluted EPS grew -45.3% a year over the last three fiscal years.

Valuation3/6
  • P/E against its history

    Not enough price and earnings history to compare.

  • P/E against the industry

    Needs positive earnings and enough profitable companies in the industry.

  • EV/EBITDA against its history

    Needs positive EBITDA and price history.

  • P/B below the industry

    Douglas Emmett's price-to-book of 0.92 is below the Miscellaneous Investing median of 1.20.

  • Trading below fair value

    The share price of $10.01 is below our fair value estimate of $20.00.

  • Margin of safety over 20%

    The price is 50.0% below fair value, more than the 20% cushion we look for.

Growth1/6
  • Revenue growing under 10% a year

    Revenue grew 0.3% a year over the last three fiscal years, short of the 10% we look for.

  • EPS growing under 10% a year

    Diluted EPS grew -45.3% a year over the last three fiscal years.

  • Earnings growth not accelerating

    Net income grew -194% over the last twelve months, against a 5-year average of -20.2% a year.

  • Growing slower than the industry

    Revenue grew 1.8% over the last twelve months; the Miscellaneous Investing median is 4.6%.

  • Guidance raised

    Douglas Emmett raised its 2026 Straight-line Revenue outlook on Aug 4, 2026.

  • Gross margin slipping

    Gross margin was 62.6% over the last twelve months, against 63.7% a year earlier.

Past performance0/6
  • Return on equity under 15%

    Return on equity was -1.1% over the last twelve months and averaged 1.3% over five years; we look for 15% on both.

  • Return on invested capital

    Needs operating income and invested capital.

  • Return on equity below the industry

    Douglas Emmett's return on equity of -1.1% is below the Miscellaneous Investing median of 3.1%.

  • Earnings shrank over 5 years

    Net income shrank 20.2% a year on average over the last five fiscal years.

  • Net margin below its 5-year average

    Net margin was -2.0% over the last twelve months, against a 5-year average of 3.3%.

  • Net margin below the industry

    Douglas Emmett's net margin of -2.0% is below the Miscellaneous Investing median of 10.3%.

Financial health0/6
  • Debt level

    Needs debt and equity figures.

  • Debt trend

    Needs a balance sheet from five years ago with positive equity.

  • Debt coverage

    Needs operating cash flow.

  • Interest coverage

    Interest expense is not reported separately.

  • Short-term liquidity

    The balance sheet is not split into current and non-current items.

  • Elevated bankruptcy risk

    The Altman Z-score is 0.04; above 3 is the safe zone and below 1.8 the distress zone.

Dividend3/6
  • Pays a dividend

    Douglas Emmett paid dividends worth 7.6% of the share price over the last twelve months.

  • Yield above Treasuries

    The 7.6% yield is above the 4.4% on a 1-year Treasury.

  • Yield in the top quarter

    The top quarter of US dividend payers yield 3.8% or more; Douglas Emmett yields 7.6%.

  • Dividend was cut

    The dividend per share fell by more than 10% at least once in the last 10 fiscal years.

  • Earnings cover

    Needs dividends paid and net income.

  • Cash-flow cover

    Needs dividends paid and free cash flow.

Scores of similar companies

Our estimate per share

$20.00

The share price is 50% below this estimate.

20%+ below
Near fair value
20%+ above
$10.01Price$20.00Fair value
MethodMultiple usedOwn 5Y medianIndustry medianValue per shareWeight
P/B1.1×1.1×1.2×$12.4729%
P/S3.3×2.4×4.1×$19.8829%
Earnings power9.7% cost of equity––$25.1043%
Fair value$20.00100%

Valuation over time

Using the earnings and balance sheet published at each date, not today's.

  • P/E at month end
  • Own 5-year median 60.9
  • Miscellaneous Investing median 26.3

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

Low risk

Average value traded per day
$20.44M
Value traded per 1% price move
$12.34M

Downside

Medium risk

Typical loss in a bad month
16.0%
Volatility (annualized)
31%
Sharpe ratio, 1 year
-0.72
Beta to the S&P 500 (5Y)
0.96

Typical bad-month loss, week by week

25%: high

Margins

Share of revenue, fiscal years 2011 to 2025

Gross margin

63.4%−2.4 pts over 5 years

Operating margin

–

Net margin

1.6%−4.0 pts over 5 years

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