Short answer
Douglas Emmett Inc (DEI) filed its fiscal 2025 10-K annual report with the SEC on Feb 20, 2026. It reported revenue of $1.0B (+1.8% year over year) and net income of $16M.
- Top risk flagged: CIO with 35 years experience leads cybersecurity risk management program using SaaS vendors and security controls framework
FY2025 key financial metrics · XBRL
- Revenue
- $1.0B
- +1.8% YoY
- Net income
- $16M
- −30.8% YoY
- Gross margin
- 63.4%
- −1.1 pp YoY
- EPS (diluted)
- $0.09
- −30.8% YoY
- ROE
- 0.9%
- −0.3 pp YoY
- Operating cash flow
- $387M
- −5.3% YoY
Source: XBRL data from the Douglas Emmett Inc (DEI) FY2025 10-K on SEC EDGAR. USD.
Douglas Emmett Inc FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: Real estate investment trust (REIT) structure focused on owning and managing income-producing properties
- Emphasis on cybersecurity risks and AI integration in operations, with new disclosures on AI use in lease document review and evolving cyber threats
- Strategic risk focus on maintaining REIT tax qualification amid complex IRS challenges and legislative uncertainty affecting distributions and capital structure
- Internal governance spotlight on potential financial reporting deficiencies and impacts of evolving accounting pronouncements on results and tenant credit quality
- Most unusual risk: Detailed disclosure on FIRPTA tax implications for non-U.S. investors depending on REIT’s domestically controlled status and stock trading regularity
Management Discussion & Analysis
- No operating margin or profitability % figures provided in text
- Largest impairment or lease receivable charge: $1.0M reduction in rental revenues in 2024, $0.8M in 2023; no impairments recorded in 2023-2025
- Tenant recovery revenue sensitivity: 5% variation results in ±$2.4M (2025), ±$2.5M (2024), ±$2.6M (2023) impact on net income
Risk Factors
- CIO with 35 years experience leads cybersecurity risk management program using SaaS vendors and security controls framework
- Board of Directors and Audit Committee receive periodic cybersecurity risk reports and briefings to oversee IT risks
- Management team collectively holds 60 years relevant experience with Douglas Emmett, enhancing operational cybersecurity expertise
Generated from the filing text; verify against the original. How to read a 10-K
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