Douglas Emmett Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Rental Revenue	867.41	858.18	889.04	876.45	821.04
Other Revenue	136.57	130.89	95.51	114.53	93.5
Total Revenue	1,004	989.07	984.55	990.98	914.54
Revenue Growth (YoY	1.51%	0.46%	-0.65%	8.36%	2.98%
Property Expenses	367.94	350.26	361.63	333.82	303.4
Selling, General & Administrative	46.66	45.36	49.24	45.41	42.55
Depreciation & Amortization	398.93	384.05	377.85	372.8	371.29
Total Operating Expenses	813.53	779.66	788.72	752.02	717.24
Operating Income	190.45	209.41	195.83	238.95	197.3
Interest Expense	-266.68	-229.44	-209.47	-150.19	-147.5
Other Non-Operating Income	17.58	27.62	18.6	3.87	1.53
EBT Excluding Unusual Items	-58.64	7.59	4.96	92.64	51.33
Total Insurance Settlements	-	-	1.3	3.9	4.8
Asset Writedown	-	-	-82.1	-	-
Other Unusual Items	47.21	-	-	-	-
Pretax Income	-11.43	7.59	-75.84	96.54	56.13
Earnings From Continuing Operations	-11.43	7.59	-75.84	96.54	56.13
Minority Interest in Earnings	27.7	15.93	33.13	0.61	9.14
Net Income	16.27	23.52	-42.71	97.15	65.27
Preferred Dividends & Other Adjustments	-	1.38	1.19	0.91	0.88
Net Income to Common	16.27	22.14	-43.9	96.23	64.39
Net Income Growth	-30.83%	-	-	48.84%	29.44%
Basic Shares Outstanding	167	167	170	176	175
Diluted Shares Outstanding	167	167	170	176	175
Shares Change (YoY)	0.04%	-1.30%	-3.50%	0.16%	0.06%
EPS (Basic)	0.10	0.13	-0.26	0.55	0.37
EPS (Diluted)	0.09	0.13	-0.26	0.55	0.37
EPS Growth	-31.95%	-	-	49.21%	29.77%
Dividend Per Share	0.760	0.760	0.760	1.030	1.120
Dividend Growth	-	-	-26.21%	-8.04%	-
Operating Margin	18.97%	21.17%	19.89%	24.11%	21.57%
Profit Margin	1.62%	2.24%	-4.46%	9.71%	7.04%
EBITDA	586.56	585.43	562.72	600.5	559.05
EBITDA Margin	58.42%	59.19%	57.16%	60.60%	61.13%
D&A For Ebitda	396.11	376.03	366.89	361.54	361.75
EBIT	190.45	209.41	195.83	238.95	197.3
EBIT Margin	18.97%	21.17%	19.89%	24.11%	21.57%
Funds From Operations (FFO)	295.29	345.53	377.29	-	-
FFO Per Share	1.45	1.71	1.86	-	-
Adjusted Funds From Operations (AFFO)	221.31	276.53	299.54	-	-
AFFO Per Share	1.08	1.37	1.48	-	-
FFO Payout Ratio	-	36.81%	34.43%	-	-
Revenue as Reported	1,004	986.48	1,020	993.65	918.4

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.