Douglas Emmett, Inc. Financial Ratios — DEI Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	0.02	0.37	0.76	0.76	0.97	1.25	1.19	1.4	4.13	0.54	0.7	1.02	-0.44	0.25	0.17
Return on Capital (%)	4.11	4.8	5.36	5.42	5.84	5.63	4.7	4.85	8.42	3.57	4.05	4.37	- -	4.63	- -
Return on Invested Capital (%)	2.56	2.99	3.12	2.96	3.26	3.33	3.04	3.07	2.77	1.76	2.27	2.61	- -	2.23	- -
Gross Margin (%)	67.34	67.12	67.06	66.34	66.9	67.97	68.22	68.13	68.17	65.74	66.96	66.4	64.56	64.49	63.35
EBITDA Margin (%)	58.7	59.17	59.9	59.09	59.1	60.81	61.55	61.25	62.37	59.52	61.29	60.7	58.66	59.08	58.22
Operating Margin (%)	26.5	30.36	30.21	28	29.81	29.74	29.68	28.59	25.91	18.09	21.9	24.32	14.67	20.97	18.97
Incremental Operating Margin (%)	277.03	637.25	23.01	-135.41	59.78	29.3	29.07	15.77	-16.68	180.36	148.44	53.78	-342.67	-168.03	-93.5
Pretax Margin (%)	0.39	4.9	8.93	8.82	10.81	12.94	12.86	14.59	44.7	4.32	6.11	9.72	-7.43	0.77	-1.14
Profit Margin (%)	0.25	3.96	7.66	7.44	9.18	11.5	11.63	13.17	38.83	5.66	7.11	9.78	-4.18	2.38	1.62
Net Income to Common Margin (%)	0.25	3.96	7.66	7.44	9.18	11.5	11.63	13.17	38.83	5.66	7.11	9.78	-4.18	2.38	1.62
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	1,885.06	237.22	169.68	188.32	154.83	122.51	127.63	120.33	37.93	735.74	418.19	205.14	-119.2	-1,524.82	-325.24
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	3,624	3,441	3,241	3,420	3,611	4,370	4,545	4,134	5,190	4,756	5,023	5,203	5,554	5,509	5,560
ST Debt	- -	- -	- -	- -	- -	- -	428	105	560	75	- -	- -	- -	- -	- -
LT Debt	3,624	3,441	3,241	3,420	3,611	4,370	4,117	4,029	4,630	4,681	5,023	5,203	5,554	5,509	5,560
Total Debt/EBITDA	10.73	10.05	9.15	9.65	9.61	9.68	9.09	7.66	8.88	8.96	8.92	8.63	9.28	9.45	9.51
Net Debt/EBITDA	9.53	8.96	9.02	9.6	9.34	9.43	8.74	7.39	8.6	8.62	8.31	8.16	8.39	8.67	8.91
Total Debt/EBIT	23.77	19.57	18.14	20.37	19.05	19.79	18.86	16.41	21.38	29.49	24.97	21.53	37.11	26.64	29.19
Net Debt/EBIT	21.1	17.45	17.89	20.26	18.52	19.28	18.12	15.83	20.71	28.36	23.25	20.37	33.54	24.43	27.35
EBITDA to Interest Expense	2.27	2.34	2.71	2.76	2.77	3.09	3.44	4.05	4.08	3.71	3.82	4.02	2.86	2.54	2.19
EBITDA-CapEx/Interest Expense	2.27	2.34	2.71	2.76	2.77	3.09	3.44	4.05	4.08	3.71	3.82	4.02	2.86	2.54	2.19
EBIT to Interest Expense	1.03	1.2	1.37	1.31	1.4	1.51	1.66	1.89	1.69	1.13	1.36	1.61	0.71	0.9	0.71
Interest Expense	148	147	131	129	135	146	145	133	143	143	147	150	209	229	267
Common Equity/Total Assets	-8.14	-9.38	-10.82	-11.87	-12.71	-10.76	-10.59	-11.3	-8.09	-9.76	-11.05	-11.47	-13.37	-14.81	-16.19
Long-Term Debt/Equity (%)	156.49	143.95	136.92	147.8	158.28	144.97	105.52	104.69	105.93	117.14	126	121.68	144.43	150.59	159.99
Long-Term Debt/Capital (%)	101.58	104.94	107.86	110.86	113.02	94.1	80.24	86.72	76	86.49	90.35	89.73	94.29	96.38	98.82
Long-Term Debt/Total Assets (%)	58.16	56.38	55.43	57.58	59.53	57.39	49.65	48.77	49.52	50.6	53.7	53.38	57.59	58.58	59.86
Total Debt/Equity (%)	156.49	143.95	136.92	147.8	158.28	144.97	116.48	107.42	118.74	119.01	126	121.68	144.43	150.59	159.99
Total Debt/Capital (%)	101.58	104.94	107.86	110.86	113.02	94.1	88.57	88.98	85.19	87.88	90.35	89.73	94.29	96.38	98.82
Total Debt/Total Assets (%)	58.16	56.38	55.43	57.58	59.53	57.39	54.81	50.04	55.51	51.41	53.7	53.38	57.59	58.58	59.86
Net Debt to Equity	138.91	128.34	135.05	146.99	153.82	141.22	111.95	103.62	114.97	114.43	117.3	115.14	130.55	138.14	149.88
Net Debt/Capital (%)	101.79	105.57	107.98	110.93	113.44	93.96	88.16	88.62	84.63	87.27	89.52	89.04	93.53	95.87	98.53
EBITDA	338	343	354	354	376	452	500	540	584	531	563	603	599	583	585
EBITDA-CapEx	338	343	354	354	376	452	500	540	584	531	563	603	599	583	585
Operating Income (Loss)	152	176	179	168	190	221	241	252	243	161	201	242	150	207	190

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	5.63	5.29	0.54	0.22	1.13	1.03	1.21	0.52	0.85	0.64	1.73	1.54	3.21	2.73	1.98
Current Ratio	6.58	6.29	1.5	1.56	3.49	2.28	2.43	1.28	1.8	1.19	2.55	3.91	5.25	4.81	3.05
Quick Ratio	6.53	6.26	1.49	1.53	2.17	2.28	2.43	1.28	1.8	1.19	2.55	3.91	5.17	4.72	3.05
CFO/Avg Current Liab	2.93	2.94	3.21	2.97	3.11	3.4	3.14	2.03	2.04	1.87	1.93	2.69	2.53	2.51	2.31
Common Equity/Total Assets	-8.14	-9.38	-10.82	-11.87	-12.71	-10.76	-10.59	-11.3	-8.09	-9.76	-11.05	-11.47	-13.37	-14.81	-16.19
Long-Term Debt/Equity (%)	156.49	143.95	136.92	147.8	158.28	144.97	105.52	104.69	105.93	117.14	126	121.68	144.43	150.59	159.99
Long-Term Debt/Capital (%)	101.58	104.94	107.86	110.86	113.02	94.1	80.24	86.72	76	86.49	90.35	89.73	94.29	96.38	98.82
Long-Term Debt/Total Assets (%)	58.16	56.38	55.43	57.58	59.53	57.39	49.65	48.77	49.52	50.6	53.7	53.38	57.59	58.58	59.86
Total Debt/Equity (%)	156.49	143.95	136.92	147.8	158.28	144.97	116.48	107.42	118.74	119.01	126	121.68	144.43	150.59	159.99
Total Debt/Capital (%)	101.58	104.94	107.86	110.86	113.02	94.1	88.57	88.98	85.19	87.88	90.35	89.73	94.29	96.38	98.82
Total Debt/Total Assets (%)	58.16	56.38	55.43	57.58	59.53	57.39	54.81	50.04	55.51	51.41	53.7	53.38	57.59	58.58	59.86
CFO/Total Liabilities	5.33	5.67	7	6.81	7.17	7.38	9.17	9.81	9.43	8	8.33	9.08	7.36	7.11	6.65
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	0.49	0.66	0.63	0.71	0.8	0.78	0.98	0.85	1.01	0.61	0.71	0.39	0.31	0.37	0.18

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	19.05	9.27	8.7	8.07	8	8.39	7.95	7.4	6.95	6.49	6.99	7.94	8.39	8.11	8.12
Days Sales Outstanding	19.16	39.38	41.94	45.22	45.61	43.52	45.92	49.33	52.5	56.23	52.2	45.94	43.51	45	44.98
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	4.36	8.01	9.76	9.4	9.17	7.85	5.18	4.07	4.21	4.13	3.68	4.09	5.09	5.75	6.3
Accounts Payable Turnover Days	83.69	45.56	37.4	38.84	39.82	46.49	70.46	89.57	86.64	88.46	99.1	89.33	71.67	63.51	57.95
Cash Conversion Cycle	-64.53	-6.18	4.55	6.38	5.79	-2.97	-24.54	-40.25	-34.14	-32.23	-46.89	-43.39	-28.16	-18.52	-12.98
Inventory to Cash Days	19.16	39.38	41.94	45.22	45.61	43.52	45.92	49.33	52.5	56.23	52.2	45.94	43.51	45	44.98
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	2,302	3,257	3,320	4,090	4,555	5,458	6,607	5,798	7,610	5,118	5,879	2,756	2,459	3,107	1,840
- Cash & Cash Equivalents	407	373	44	19	102	113	177	146	154	172	336	269	523	445	341
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	451	411	397	370	355	1,093	1,465	1,446	1,659	1,559	1,570	1,713	1,626	1,600	1,570
+ Total Debt	3,624	3,441	3,241	3,420	3,611	4,370	4,545	4,134	5,190	4,756	5,023	5,203	5,554	5,509	5,560
Enterprise Value	5,970	6,736	6,914	7,861	8,420	10,808	12,440	11,232	14,306	11,260	12,136	9,403	9,116	9,771	8,630
Total Capital	3,568	3,279	3,005	3,085	3,195	4,643	5,131	4,646	6,092	5,412	5,559	5,798	5,891	5,716	5,626
Total Debt/Capital (%)	101.58	104.94	107.86	110.86	113.02	94.1	88.57	88.98	85.19	87.88	90.35	89.73	94.29	96.38	98.82
Total Debt / EV	0.61	0.51	0.47	0.44	0.43	0.4	0.37	0.37	0.36	0.42	0.41	0.55	0.61	0.56	0.64
EV/Sales	10.38	11.63	11.69	13.11	13.24	14.56	15.32	12.74	15.27	12.63	13.21	9.46	8.93	9.9	8.6
EV/EBITDA	17.68	19.66	19.51	22.19	22.41	23.94	24.89	20.81	24.49	21.22	21.56	15.59	15.23	16.76	14.76
EV/EBIT	39.15	38.31	38.69	46.83	44.43	48.95	51.61	44.58	58.94	69.82	60.33	38.92	60.9	47.24	45.31
EV/Cash Flow to Firm	16.71	18.86	18.48	20.95	20.69	22.26	22.71	19.83	23.34	20	20.42	14.53	14.32	15.31	13.2
EV/Free Cash Flow to Firm	16.71	18.86	18.48	20.95	20.69	22.26	22.71	19.83	23.34	20	20.42	14.53	14.32	15.31	13.2
Diluted Market Cap	2,918	4,034	4,071	5,005	4,696	5,601	6,620	5,799	7,610	5,118	5,879	2,756	2,459	3,107	1,840
Diluted Enterprise Value	6,586	7,512	7,665	8,776	8,561	10,950	12,453	11,233	14,306	11,260	12,136	9,403	9,116	9,771	8,630
EV per Share	47.31	48.19	48.5	54.59	57.64	72.39	77.31	66.11	82.52	64.2	69.16	53.5	53.75	58.37	51.54
TTM Sales	575	579	592	600	636	743	812	881	937	892	918	994	1,020	986	1,004
TTM EBITDA	338	343	354	354	376	452	500	540	584	531	563	603	599	583	585
TTM Operating Income	152	176	179	168	190	221	241	252	243	161	201	242	150	207	190
TTM Cash Flow to Firm	357	357	374	375	407	486	548	566	613	563	594	647	636	638	654
TTM Free Cash Flow to Firm	357	357	374	375	407	486	548	566	613	563	594	647	636	638	654

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	13.97	19.17	16.72	20.29	17.3	16.5	16.44	13.39	16.21	12.18	13.15	5.55	5.76	7.6	4.76
EV/EBIT	39.15	38.31	38.69	46.83	44.43	48.95	51.61	44.58	58.94	69.82	60.33	38.92	60.9	47.24	45.31
Enterprise Value	5,970	6,736	6,914	7,861	8,420	10,808	12,440	11,232	14,306	11,260	12,136	9,403	9,116	9,771	8,630
Low Price	15.1	18.28	22.27	23.1	26.67	24.73	35.98	32.32	32.65	22.88	26.45	15.08	10.09	12.36	10.92
EV/Sales	10.38	11.63	11.69	13.11	13.24	14.56	15.32	12.74	15.27	12.63	13.21	9.46	8.93	9.9	8.6
EV/EBITDA	17.68	19.66	19.51	22.19	22.41	23.94	24.89	20.81	24.49	21.22	21.56	15.59	15.23	16.76	14.76
Price/Earnings	1,586.25	141.97	73.27	91.66	78.02	63.92	69.95	49.95	20.92	101.5	90.07	28.37	- -	132.11	113.13
Price/Earnings Average	1,619.68	137.81	77.19	88.34	73.57	58.83	66.27	54.93	19.51	108.97	88.18	44.51	-52.42	109.38	153.02
Price/Earnings High	1,833.23	150.93	89.95	95.4	80.87	68.62	70.86	60.81	21.49	158.58	99.4	66.89	-71.4	145.91	195.79
Price/Earnings Low	1,313.18	111.38	70.07	74.55	66.73	43.24	61.3	47.3	15.56	79.58	71.11	27.28	-40.07	87.98	112.41
Price/Book Value	-4.54	-5.69	-5.25	-5.8	-5.91	-6.66	-7.52	-6.21	-10.06	-5.67	-5.68	-2.47	-1.91	-2.23	-1.22
Price/Book Value Average	-4.63	-5.52	-5.53	-5.59	-5.57	-6.13	-7.13	-6.83	-9.38	-6.09	-5.57	-3.87	-1.74	-1.85	-1.66
Price/Book Value High	-5.24	-6.05	-6.44	-6.04	-6.12	-7.15	-7.62	-7.56	-10.33	-8.86	-6.27	-5.81	-2.37	-2.46	-2.12
Price/Book Value Low	-3.76	-4.46	-5.02	-4.72	-5.05	-4.51	-6.59	-5.88	-7.48	-4.44	-4.49	-2.37	-1.33	-1.49	-1.22
Price/Tangible Book Value	1	1.37	1.41	1.77	2	1.82	1.7	1.51	1.74	1.28	1.48	0.65	0.64	0.85	0.53
Price/Tangible Book Value Average	1.02	1.33	1.48	1.71	1.89	1.67	1.61	1.66	1.63	1.38	1.45	1.01	0.58	0.7	0.72
Price/Tangible Book Value High	1.15	1.45	1.73	1.84	2.08	1.95	1.72	1.84	1.79	2	1.63	1.52	0.79	0.94	0.92
Price/Tangible Book Value Low	0.83	1.07	1.34	1.44	1.71	1.23	1.49	1.43	1.3	1.01	1.17	0.62	0.45	0.57	0.53
Price/Sales	4	5.63	5.61	6.82	7.16	7.35	8.14	6.58	8.12	5.74	6.4	2.77	2.41	3.15	1.83
Price/Sales Average	4.08	5.46	5.91	6.57	6.76	6.77	7.71	7.24	7.58	6.16	6.27	4.35	2.19	2.61	2.48
Price/Sales High	4.62	5.98	6.89	7.1	7.43	7.89	8.24	8.01	8.34	8.97	7.06	6.54	2.99	3.48	3.17
Price/Sales Low	3.31	4.41	5.37	5.55	6.13	4.97	7.13	6.23	6.04	4.5	5.05	2.67	1.68	2.1	1.82
Price/Cash Flow	11.02	15.48	13.63	16.58	16.78	16.08	16.41	13.39	16.21	12.18	13.15	5.55	5.76	7.6	4.76
Price/Cash Flow Average	11.25	15.03	14.36	15.98	15.82	14.8	15.54	14.73	15.11	13.08	12.88	8.7	5.24	6.29	6.43
Price/Cash Flow High	12.73	16.46	16.74	17.25	17.4	17.26	16.62	16.3	16.64	19.03	14.51	13.08	7.14	8.4	8.23
Price/Cash Flow Low	9.12	12.15	13.04	13.48	14.35	10.88	14.38	12.68	12.05	9.55	10.38	5.33	4.01	5.06	4.73
Price/Free Cash Flow Average	14.26	18.61	17.61	19.55	16.31	15.19	15.57	14.73	15.11	13.08	12.88	8.7	5.24	6.29	6.43
Price/Free Cash Flow High	16.14	20.38	20.52	21.11	17.93	17.71	16.65	16.3	16.64	19.03	14.51	13.08	7.14	8.4	8.23
Price/Free Cash Flow Low	11.56	15.04	15.98	16.5	14.8	11.16	14.41	12.68	12.05	9.55	10.38	5.33	4.01	5.06	4.73
EV/Sales Average	10.46	11.47	11.99	12.87	12.83	13.97	14.89	13.4	14.72	13.05	13.08	11.04	8.72	9.36	9.24
EV/Sales High	11	11.99	12.97	13.39	13.51	15.1	15.42	14.18	15.49	15.86	13.88	13.23	9.51	10.23	9.93
EV/Sales Low	9.69	10.42	11.44	11.84	12.21	12.18	14.31	12.4	13.19	11.39	11.87	9.36	8.2	8.85	8.58
EV/EBITDA Average	17.82	19.38	20.01	21.77	21.72	22.97	24.19	21.88	23.61	21.93	21.34	18.19	14.86	15.85	15.87
EV/EBITDA High	18.74	20.26	21.64	22.66	22.85	24.83	25.06	23.14	24.84	26.64	22.64	21.79	16.21	17.32	17.06
EV/EBITDA Low	16.5	17.61	19.1	20.03	20.65	20.02	23.25	20.24	21.15	19.14	19.36	15.41	13.98	14.98	14.74
EV/EBIT Average	39.47	37.77	39.69	45.95	43.05	46.98	50.17	46.88	56.82	72.16	59.72	45.41	59.43	44.66	48.72
EV/EBIT High	41.5	39.48	42.92	47.83	45.3	50.76	51.97	49.59	59.78	87.67	63.36	54.4	64.85	48.81	52.37
EV/EBIT Low	36.55	34.32	37.88	42.29	40.95	40.95	48.22	43.36	50.91	62.97	54.18	38.48	55.91	42.22	45.25
Last Price	18.24	23.3	23.29	28.4	31.18	36.56	41.06	34.13	43.9	29.18	33.5	15.68	14.5	18.56	10.99
High Price	21.08	24.77	28.59	29.56	32.32	39.25	41.59	41.55	45.08	45.59	36.97	36.97	17.98	20.5	19.02
Enterprise Value Average	6,018	6,640	7,091	7,713	8,160	10,374	12,092	11,811	13,791	11,637	12,013	10,972	8,895	9,236	9,278
Enterprise Value High	6,328	6,941	7,669	8,028	8,586	11,210	12,525	12,493	14,510	14,138	12,745	13,145	9,706	10,095	9,974
Enterprise Value Low	5,573	6,034	6,768	7,098	7,761	9,042	11,622	10,925	12,355	10,155	10,899	9,298	8,368	8,733	8,618

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	131	141	143	145	147	152	170	170	175	175	176	176	167	167	167
Diluted Weighted Avg Shares	160	173	175	176	151	153	161	170	173	175	175	176	170	167	167
Basic Weighted Avg Shares	126	140	143	144	146	149	161	170	173	175	175	176	170	167	167
Revenue per Share	4.56	4.14	4.15	4.16	4.35	4.97	5.05	5.19	5.4	5.08	5.23	5.65	6.02	5.89	6
EBITDA per Share	2.68	2.45	2.49	2.46	2.57	3.02	3.11	3.18	3.37	3.03	3.21	3.43	3.53	3.48	3.49
Operating Income per Share	1.21	1.26	1.25	1.17	1.3	1.48	1.5	1.48	1.4	0.92	1.15	1.37	0.88	1.24	1.14
Basic EPS, GAAP	0.01	0.16	0.32	0.31	0.4	0.57	0.59	0.68	2.1	0.29	0.37	0.55	-0.25	0.14	0.1
Basic EPS from Cont Ops	0.02	0.2	0.37	0.37	0.47	0.64	0.65	0.76	2.42	0.22	0.32	0.55	-0.45	0.05	-0.07
Diluted EPS, GAAP	0.01	0.13	0.26	0.25	0.39	0.56	0.59	0.68	2.1	0.29	0.37	0.55	-0.25	0.14	0.1
Diluted EPS from Cont Ops	0.01	0.16	0.3	0.3	0.46	0.63	0.65	0.76	2.42	0.22	0.32	0.55	-0.45	0.05	-0.07
Dividend per Share	0.46	0.57	0.72	0.8	0.84	0.88	0.91	1	1.04	1.12	1.12	1.12	0.77	0.76	0.76
Cash Flow per Share	1.66	1.5	1.71	1.71	1.86	2.27	2.5	2.55	2.71	2.4	2.55	2.83	2.52	2.44	2.31
Free Cash Flow per Basic Share	1.66	1.5	1.71	1.71	1.86	2.27	2.5	2.55	2.71	2.4	2.55	2.83	2.52	2.44	2.31
Cash & Equivalents per Share	3.23	2.67	0.31	0.13	0.7	0.76	1.1	0.86	0.89	0.98	1.91	1.53	3.08	2.66	2.04
Book Value per Share	-4.02	-4.1	-4.44	-4.9	-5.28	-5.49	-5.46	-5.5	-4.37	-5.15	-5.89	-6.36	-7.6	-8.32	-8.98
Tangible Book Value per Share	18.29	17.05	16.57	16.03	15.57	20.14	24.21	22.62	25.16	22.74	22.68	24.3	22.64	21.83	20.71

Douglas Emmett, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)