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Douglas Emmett Inc (DEI) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

Douglas Emmett Inc (DEI) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Douglas Emmett Inc acquires, develops, and manages office and multifamily properties in United States. The company mainly focuses on owning office buildings in communities with large supply constraints, such as Los Angeles. Douglas Emmett Inc has a market cap of $6.56 billion; its shares were traded at around $38.59 with a P/E ratio of 55.96 and P/S ratio of 7.58. The dividend yield of Douglas Emmett Inc stocks is 2.62%. Douglas Emmett Inc had annual average EBITDA growth of 8.90% over the past five years.


For the last quarter Douglas Emmett Inc reported a revenue of $226.3 million, compared with the revenue of $209.2 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $881.3 million, an increase of 8.5% from last year. For the last five years Douglas Emmett Inc had an average revenue growth rate of 9.1% a year.

The reported diluted earnings per share was 68 cents for the year, an increase of 17.2% from previous year. Over the last five years Douglas Emmett Inc had an EPS growth rate of 19.6% a year. The Douglas Emmett Inc had a decent operating margin of 28.59%, compared with the operating margin of 29.68% a year before. The 10-year historical median operating margin of Douglas Emmett Inc is 28.84%. The profitability rank of the company is 8 (out of 10).

At the end of the fiscal year, Douglas Emmett Inc has the cash and cash equivalents of $146.2 million, compared with $176.6 million in the previous year. The long term debt was $4.1 billion, compared with $4.1 billion in the previous year. The interest coverage to the debt is 1.9, which is not a favorable level. Douglas Emmett Inc has a financial strength rank of 4 (out of 10).

At the current stock price of $38.59, Douglas Emmett Inc is traded at 10.4% premium to its historical median P/S valuation band of $34.97. The P/S ratio of the stock is 7.58, while the historical median P/S ratio is 6.87. The stock gained 8.83% during the past 12 months.

For the complete 20-year historical financial data of DEI, click here.

This article first appeared on GuruFocus.