0001364250-26-000011
SEC filingDouglas Emmett, Inc. reported FY 2025 total revenues of $1.00 billion, with total operating expenses of $813.5 million. The company recorded a net loss of $11.4 million, but net income attributable to common stockholders was $16.3 million after accounting for a net loss attributable to noncontrolling interests of $27.7 million. Key drivers included a $47.2 million gain from consolidation of a joint venture and $18.0 million in other income, offset by $266.7 million in interest expense and $398.9 million in depreciation and amortization. The company generated $386.9 million in operating cash flow but used $265.3 million in investing activities and $225.3 million in financing activities, resulting in a $103.8 million decrease in cash. The balance sheet shows total assets of $9.29 billion, with net investment in real estate of $8.74 billion, total liabilities of $5.81 billion, and total equity of $3.47 billion.
Douglas Emmett, Inc. reported FY 2025 total revenues of $1.00 billion. The company incurred total operating expenses of $813.5 million, consisting of operating expenses ($367.9 million), general and administrative expenses ($46.7 million), and depreciation and amortization ($398.9 million). The company recorded a net loss of $11.4 million, which included a $47.2 million gain from consolidation of a joint venture and $18.0 million in other income, offset by $266.7 million in interest expense. After accounting for a net loss attributable to noncontrolling interests of $27.7 million, net income attributable to common stockholders was $16.3 million. Both basic and diluted earnings per share were reported as $0.
The filing provides consolidated revenue figures without segment breakdown. Total revenues of $1.00 billion represent the company's combined rental operations. No segment-level revenue data, geographic mix, or specific growth drivers are disclosed in the provided financial data. The company's revenue appears to be derived from its real estate portfolio, with investment in real estate, net totaling $8.74 billion.
The company's cost structure shows significant depreciation and amortization expense of $398.9 million, representing the largest single expense category. Interest expense of $266.7 million reflects the company's debt financing structure with secured notes payable of $5.55 billion. Operating expenses totaled $367.9 million, while general and administrative expenses were $46.7 million. The gain from consolidation of a joint venture ($47.2 million) significantly impacted the bottom line, turning what would have been a larger net loss into a smaller net loss of $11.4 million.
The company generated $386.9 million in operating cash flow despite reporting a net loss, with significant adjustments including $398.9 million in depreciation and amortization. Investing activities used $265.3 million, primarily for capital expenditures for improvements to real estate ($192.4 million) and developments ($102.5 million). Financing activities used $225.3 million, with proceeds from borrowings of $1.32 billion offset by repayments of $1.37 billion and dividends paid of $127.3 million. The balance sheet shows total assets of $9.29 billion, with net investment in real estate of $8.74 billion. Total liabilities stand at $5.81 billion, primarily secured notes payable of $5.55 billion. Total equity is $3.47 billion, consisting of $1.90 billion in stockholders' equity and $1.57 billion in noncontrolling interests.
The provided financial data does not include management guidance, strategic priorities, or specific risk factors. The filing shows the company maintaining significant real estate investments while managing substantial debt levels. The cash flow statement indicates ongoing capital expenditures for property improvements and developments, suggesting continued investment in the real estate portfolio. The company paid $127.3 million in dividends to common stockholders during the period.