Reading DEI? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track DEI free→Reading DEI? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track DEI free→NYSEReal EstateReit - OfficeSnapshot 2026-06-12
Recent financial performance sits below its industry cohort — worth keeping an eye on, though it has not freshly broken.
Recent financial performance is neutral, and earnings quality cannot be assessed as the company was unprofitable over the past year. Management's recent track record has been steady, while risk is moderate and the sector backdrop is a headwind. Peer multiples imply a price about 47% above where it trades (it looks cheap on this basis); the read is cheap, value-trap risk, as it trades below peer multiples but recent financials are weak. Key factors to watch include guidance changes and sector trends, particularly the performance of sector bellwethers. This read is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 4 valuation methods, at three horizons. Current price $12.28. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $12 DEI trades at 2× p/s, below its 6× p/s peer median. Our $23 fair value sits above the price; low confidence. Analysts: $11–$14. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
The price implies about 47% below a flat-multiple fair value, below our forecast of about 1%. This describes what's priced in, not a forecast of the move.
TTM earnings are negative, so the read leans on sales- and cash-flow-based methods rather than P/E. This is a data condition, not a forward call.
Only a turbulent sector regime (Heating) — not the full expensive x weak x turbulent stack.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Real Estate names rated neutral grew net income 53% of the time over the next year (vs 57% for the rest of the cohort, n=1968).
Over the trailing year it converted -14.26x of net income into operating cash flow.
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, long-term interest rates, Fed net liquidity.
1 material management or governance event in the past 24 months, led by executive changes. Historically, Real Estate names rated stable grew net income 56% of the time over the next year (vs 56% for the rest of the cohort, n=3736).
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
EPS estimate $-0.05 → $-0.04 (+27.9% / 30d). 1 raised, 0 cut, 5 covering analysts.
0 upgrades, 0 downgrades / 30d, 2 maintained. 8% of analysts rate Buy.
2 PT revisions / 30d. Avg target 8.9% above current price.
0 positive, 0 negative / 30d.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$140.
How much price usually moves either way.
On a bad day, this stock has moved -$291.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $4,410.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
No material changes since the prior snapshot.
as of 2026-06-12
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: More unemployment claims may show economic weakness. This could lower real estate demand.
Confirms:Unemployment claims rise above 300,000 for the week ending June 4.
Disproves:Unemployment claims fall below 250,000 for the week ending June 4.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for DEI yet.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. At our 2026 Annual Meeting of Stockholders (the "Annual Meeting") held on May 28, 2026, our stockholders approved the adoption of the Douglas Emmett, Inc. 2026 Omnibus Stock Incentive Plan (the "2026 Plan"). The 2026 Plan was adopted by our Board of Directors on April 8, 2026, subject to approval by our stockholders, and became effective at the Ann…
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
TTM earnings are negative. P/E-based methods drop out and the estimate leans on sales- and cash-flow-based methods. A data condition, not a forward call.
$11.00 – $14.00 (median $12.00) · 3 analysts · as of 2026-06-08
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Looks cheaper than most peers in the same business.
Self-history needs ~20 months of data.
Trailing four: 2025-Q1, 2025-Q2, 2025-Q3, 2026-Q1
A side-by-side read on sector standing, valuation, and risk versus Office REITs.
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
DEI Douglas Emmett | Above typical Show detailsSector percentile: 79 of 100 | inexpensive | moderate |
BXP BXP, Inc. | Above typical Show detailsSector percentile: 81 of 100 | full | moderate |
ARE Alexandria Real Estate Equities | Typical Show detailsSector percentile: 44 of 100 | inexpensive | elevated |
VNO Vornado Realty Trust | Above typical Show detailsSector percentile: 74 of 100 | inexpensive | moderate |
HPP Hudson Pacific Properties, Inc. | Typical Show detailsSector percentile: 59 of 100 | inexpensive | high |
Not investment advice. As of 2026-06-12.
via XLRE
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-12.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Douglas Emmett aims to maintain its dividend per share at $0.19, reflecting a stable capital allocation strategy.
Douglas Emmett provides guidance for FFO per share to be between $1.39 and $1.45 for 2026.
Douglas Emmett expects its 2026 EPS to be between $(0.20) and $(0.14), reflecting anticipated financial performance.
Why it matters: A rebound in revenue growth could signal a positive shift for the real estate sector.
Confirms one read:Sector revenue growth speeds up above 7% year over year.
Confirms the other:Sector revenue growth continues to slow below 7% year over year.
Why it matters: EPS guidance shows how much money the company makes. It also shows overall financial health.
Confirms:Management confirms EPS guidance between $(0.20) and $(0.14) in the next earnings call.
Disproves:Management revises EPS guidance worse than $(0.20) in the next earnings call.
Why it matters: Revenue growth shows if the company is dealing with current sector challenges.
Confirms:Q1 2026 earnings report shows revenue growth year over year of at least 5%.
Disproves:Q1 2026 earnings report shows revenue decline year over year.
Why it matters: The dividend is $0.19. This shows the company is stable. It also shows they care about shareholders.
Confirms:The company keeps the dividend at $0.19 in the next earnings report.
Disproves:The company lowers the dividend below $0.19 in the next earnings report.
Why it matters: Higher inflation can raise costs for Douglas Emmett. This may hurt profits.
Confirms:CPI shows an increase above 0.5% month over month for May.
Disproves:CPI shows a decrease or remains flat month over month for May.
Why it matters: The guidance for FFO per share is a key indicator of cash flow health.
Confirms:Management confirms FFO per share guidance between $1.39 and $1.45 in the next earnings call.
Disproves:Management revises FFO per share guidance below $1.39 in the next earnings call.
Results of Operations and Financial Condition On May 5, 2026, Douglas Emmett, Inc. released its financial results for the quarter ended March 31, 2026 by posting to its website its First Quarter 2026 Earnings Results and Operating Information package (attached as Exhibit 99.1). The information contained in this report on Form 8-K, including the attached Exhibits, shall not be deemed “filed” with the Securities and Exchange Commission nor incorporated by reference in any registration statement…