Douglas Emmett Announces 2022 Tax Treatment of Dividends

Rhea-AI Summary

Douglas Emmett, Inc. announced the tax treatment of its 2022 common stock dividends, advising shareholders to consult tax advisors regarding their specific tax impacts. The press release details dividends paid on January 19, 2022, and January 18, 2023, per share amounts of $0.28 and $0.19, with allocations to their respective tax years. Total dividends for 2022 amount to $1.12, while qualifying ordinary income is reported as $0.6216 per share. The company focuses on high-quality properties in Los Angeles and Honolulu.

Positive

• Total dividends for 2022 are $1.12 per share, reflecting stable income for shareholders.
• Ordinary income qualifying for shareholder dividends is $0.6216 per share, indicating strong operational performance.

Negative

• None.

SANTA MONICA, Calif.--(BUSINESS WIRE)-- Douglas Emmett, Inc. (NYSE: DEI), a real estate investment trust (REIT), announced today the tax treatment of its 2022 common stock dividends as described below. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Douglas Emmett dividends.

Record Date				Paid Date				Dividend Per Share				Ordinary Income				Capital Gain				Return of Capital				Amount Qualifying as a Section 199A Dividend
12/31/21				01/19/22				$0.28				$0.1246				$0.00				$0.1554				$0.1246
03/31/22				04/19/22				$0.28				$0.1246				$0.00				$0.1554				$0.1246
06/30/22				07/15/22				$0.28				$0.1246				$0.00				$0.1554				$0.1246
09/30/22				10/18/22				$0.28				$0.1246				$0.00				$0.1554				$0.1246
				Total:				$1.12				$0.4984				$0.00				$0.6216				$0.4984

As noted above, the common stock dividend paid on January 19, 2022, with a record date of December 31, 2021, has been allocated entirely to 2022. The common stock dividend of $0.19 per share that was paid on January 18, 2023, with a record date of December 30, 2022, will be allocated entirely to 2023.

About Douglas Emmett, Inc.

Douglas Emmett, Inc. (DEI) is a fully integrated, self-administered and self-managed real estate investment trust (REIT), and one of the largest owners and operators of high-quality office and multifamily properties located in the premier coastal submarkets of Los Angeles and Honolulu. Douglas Emmett focuses on owning and acquiring a substantial share of top-tier office properties and premier multifamily communities in neighborhoods that possess significant supply constraints, high-end executive housing and key lifestyle amenities. For more information about Douglas Emmett, please visit our website at www.douglasemmett.com.

Safe Harbor Statement

Except for the historical facts, the statements in this press release regarding Douglas Emmett’s business activities are forward-looking statements based on the beliefs of, assumptions made by, and information currently available to us about known and unknown risks, trends, uncertainties and factors that are beyond our control or ability to predict. Although we believe that our assumptions are reasonable, they are not guarantees of future performance and some will inevitably prove to be incorrect. As a result, our actual future results can be expected to differ from our expectations, and those differences may be material. Accordingly, investors should use caution in relying on forward-looking statements to anticipate future results or trends. For a discussion of some of the risks and uncertainties that could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” in our Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230124006006/en/

Stuart McElhinney, Vice President – Investor Relations

310.255.7751 smcelhinney@douglasemmett.com

Source: Douglas Emmett, Inc.

FAQ

What is the dividend amount for Douglas Emmett, Inc. for the year 2022?

The total dividend amount for Douglas Emmett, Inc. for 2022 is $1.12 per share.

When was the dividend paid by Douglas Emmett, Inc. in 2022?

The dividend was paid on January 19, 2022, with a record date of December 31, 2021.

How is the dividend treated for tax purposes?

Shareholders are advised to consult with their tax advisors regarding the specific tax treatment of the dividends.

What is the dividend per share paid on January 18, 2023?

The dividend per share paid on January 18, 2023, is $0.19.

What is the ordinary income qualifying for dividends for Douglas Emmett, Inc.?

The ordinary income qualifying for dividends is reported as $0.6216 per share.