Douglas Emmett cuts dividend by 32.1%

On December 9, 2022, Douglas Emmett (DEI) announced a 32.1% dividend cut to $0.19 quarterly per share. The lower dividend will be paid on January 18, 2023 to shareholders of record as of December 30, 2022. This represents a reduction from the Company’s previous quarterly dividend of $0.28 per common share, which was paid on October 18, 2022. The new dividend rate will provide the Company with more than $74.0 million per year in additional liquidity. This further reinforces Douglas Emmett’s already strong financial position and enhances the Company’s ability to take advantage of compelling opportunities as they arise.

Douglas Emmett, Inc. (DEI) is real estate investment trust (REIT). The company is one of the largest owners and operators of office and multifamily properties located in the 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.