Douglas Emmett Declares Quarterly Cash Dividend
Douglas Emmett (NYSE: DEI), a real estate investment trust (REIT), announced a quarterly cash dividend of $0.19 per share, or $0.76 annually. This dividend will be paid on July 16, 2024, to shareholders of record as of June 28, 2024.
Douglas Emmett is a fully integrated REIT, managing high-quality office and multifamily properties in Los Angeles and Honolulu. The company focuses on acquiring and owning properties in areas with significant supply constraints, high-end executive housing, and key lifestyle amenities.
- Douglas Emmett declared a quarterly cash dividend of $0.19 per share, equating to $0.76 annually.
- Dividends are scheduled for payment on July 16, 2024, assuring investors of a predictable income stream.
- The company focuses on high-quality office and multifamily properties in premier coastal submarkets, potentially indicating strong asset value and market demand.
- The dividend amount of $0.19 per share may be seen as modest, which could be less attractive to income-focused investors.
- No information on potential growth or expansion plans was provided, which might concern investors looking for growth opportunities.
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
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 for 2023, filed with the
View source version on businesswire.com: https://www.businesswire.com/news/home/20240530705154/en/
Stuart McElhinney, Vice President – Investor Relations
310.255.7751 smcelhinney@douglasemmett.com
Source: Douglas Emmett, Inc.
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