$DEI Douglas Emmett, Inc. | Understand Stock

What Do They Do?

Leases office space to businesses and apartments to residents in Los Angeles and Honolulu.

How Do They Make Money?

Tenants pay rent for office space and apartments, plus charges for parking and recoverable property expenses. Parking is billed monthly; rent on leases longer than a year is earned across the lease term.

revenue

Segment	Share	Revenue	How money arrives
Office rental Recurring	80% FY2022: 83%		Recurring
Multifamily rental Recurring	20% FY2022: 17%		Recurring

Who Are Their Customers?

Office tenants include businesses across legal, financial, entertainment, health, retail and technology industries; apartment tenants are residents. In-house leasing agents handle office leases.

Do Revenues Turn Into Profits?

Yes. It kept 2 cents of every revenue dollar as net income in FY2025.

Net income, FY2025

2% of revenue

▼ −31% vs FY2024 ($23.5M, 2%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +2%; vs $252.4M in Q2 FY2025
Net income: ▼ −54% (Loss); vs −$5.8M in Q2 FY2025

Office rental share of revenue vs 80.3% in Q2 FY2025

Growing. Revenue grew 9% in 4 years, from $918.4M in FY2021 to $1B in FY2025, about 2% a year.

Revenue over time

Office rental Multifamily rental

$2B$1B$0

FY2021 FY2022 FY2023 FY2024 FY2025