Douglas Emmett Declares Quarterly Cash Dividend

Rhea-AI Summary

Douglas Emmett, Inc. (NYSE: DEI) has announced a quarterly cash dividend of $0.19 per share, totaling $0.76 annually. The payment is scheduled for April 14, 2023, to shareholders on record as of March 31, 2023. The company is a prominent owner and operator of multifamily and office properties in Los Angeles and Honolulu. Douglas Emmett focuses on high-quality real estate investments in desirable locations with limited supply.

Positive

• Quarterly cash dividend of $0.19 per share, $0.76 annually, indicating financial stability.
• Dividend payment demonstrates commitment to shareholder returns.

Negative

• None.

SANTA MONICA, Calif.--(BUSINESS WIRE)-- Douglas Emmett, Inc. (NYSE: DEI), a real estate investment trust (REIT), announced today that its Board of Directors has declared a quarterly cash dividend on each share of its common stock of $0.19, or $0.76 on an annualized basis, to be paid on April 14, 2023 to shareholders of record as of March 31, 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. Please visit our website at www.douglasemmett.com for more information about Douglas Emmett.

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 2021, filed with the U.S. Securities and Exchange Commission.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230302005874/en/

Stuart McElhinney, Vice President – Investor Relations

310.255.7751 smcelhinney@douglasemmett.com

Source: Douglas Emmett, Inc.

FAQ

What is the dividend amount announced by Douglas Emmett, Inc. in March 2023?

Douglas Emmett, Inc. announced a quarterly cash dividend of $0.19 per share.

When will the dividend be paid to shareholders of Douglas Emmett, Inc.?

The dividend will be paid on April 14, 2023.

What is the record date for receiving the dividend from DEI?

The record date for receiving the dividend is March 31, 2023.

How much is the annualized dividend for DEI?

The annualized dividend for Douglas Emmett, Inc. is $0.76 per share.