8-K Announcements
6Material company update
May 5, 2026·SEC
Material company update
Apr 10, 2026·SEC
Material company update
Feb 10, 2026·SEC
Douglas Emmett, Inc.(DEI)Earnings, Financials & Key Ratios
DEI•NYSE•REIT / Real Estate
120.5× P/E·Price updated Jun 19, 2026
AboutDouglas 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.Show more
- Revenue$1B+1.8%
- FFO$415M+1.9%
- FFO/Share2.48+1.8%
- FFO Payout30.65%-1.8%
- FFO per Share2.48+1.8%
- NOI Margin-16.12%-125.0%
- FFO Margin41.36%
- ROE0.46%-27.2%
- ROA0.17%-29.5%
DEI Key Insights
Douglas Emmett, Inc. (DEI) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Sustainable FFO payout ratio of 30.6%
- ✓Trading at only 0.6x book value
✗Weaknesses
- ✗Weak 3Y average ROE of 0.0%
- ✗Profits declining 20.2% over 5 years
- ✗Low NOI margin of -16.1%
- ✗Dividend payout exceeds 100% of earnings
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Get notified when DEI posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
DEI Price & Volume
Douglas Emmett, Inc. (DEI) stock price & volume — 10-year historical chart
Loading chart...
DEI Growth Metrics
Douglas Emmett, Inc. (DEI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years4.67%
5 Years2.48%
3 Years0.35%
TTM1.77%
Profit CAGR
10 Years-12%
5 Years-20.25%
3 Years-44.88%
TTM-30.83%
EPS CAGR
10 Years-12.97%
5 Years-
3 Years-
TTM-24.02%
Return on Capital
10 Years3.41%
5 Years2.31%
3 Years2.25%
Last Year2.97%
DEI Recent Earnings
Douglas Emmett, Inc. (DEI) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 4/12 qtrs (33%)
Q2 2026Latest
May 5, 2026Metric
Actual
Est
EPS
$0.37+890.3%
$0.05
Rev
$251M-0.1%
$251M
Q1 2026
Feb 10, 2026Metric
Actual
Est
EPS
$0.35+740.0%
$0.05
Rev
$249M-1.1%
$252M
Q4 2025
Nov 4, 2025Metric
Actual
Est
EPS
$0.34+0.0%
$0.34
Rev
$251M-0.9%
$253M
Q3 2025
Aug 5, 2025Metric
Actual
Est
EPS
$0.37+0.0%
$0.37
Rev
$252M-1.9%
$257M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $0.37vs $0.05+890.3% | $251Mvs $251M-0.1% |
| Q1 2026 | Feb 10, 2026 | $0.35vs $0.05+740.0% | $249Mvs $252M-1.1% |
| Q4 2025 | Nov 4, 2025 | $0.34vs $0.34+0.0% | $251Mvs $253M-0.9% |
| Q3 2025 | Aug 5, 2025 | $0.37vs $0.37+0.0% | $252Mvs $257M-1.9% |
Based on last 12 quarters of dataView full earnings history →
DEI Peer Comparison
Douglas Emmett, Inc. (DEI) competitors in Gateway CBD Office REITs — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 HIW | 3.23B | 29.28 | 20.19 | -2.39% | 11.4% | 3.76% | 1.49 | |
 CUZ | 4.65B | 28.28 | 117.83 | 16% | -0.52% | -0.11% | 0.78 | |
 PDM | 1.12B | 8.94 | -13.34 | -0.93% | -20.46% | -5.7% | 1.52 | |
 BXP | 10.27B | 64.70 | 37.18 | 2.19% | 7.95% | 3.58% | 2.26 | |
 KRC | 4.36B | 36.81 | 15.87 | -2.02% | 24.81% | 4.91% | 0.86 | |
 AIV | 417.18M | 2.90 | 0.75 | -33.64% | 186.21% | 54.65% | 1.57 | |
 UDR | 12.24B | 37.56 | 33.24 | 2.42% | 28.6% | 12.37% | 1.49 | |
 EQR | 24.01B | 64.09 | 22.02 | 4.06% | 30.56% | 8.4% | 0.77 |
Compare DEI vs Peers
Douglas Emmett, Inc. (DEI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
DEI Income Statement
Douglas Emmett, Inc. (DEI) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 812.05M | 881.32M | 943.61M | 888.05M | 918.4M | 993.65M | 1.02B | 986.48M | 1B |
Revenue Growth % | 9.36% | 8.53% | 7.07% | -5.89% | 3.42% | 8.19% | 2.7% | -3.33% | 1.77% |
Property Operating Expenses | 258.03M | 280.87M | 298.16M | 305.41M | 303.4M | 333.82M | 821.58M | 350.26M | 1.17B |
Net Operating Income (NOI) | 554.02M▲ 0% | 600.45M▲ 8.4% | 645.44M▲ 7.5% | 582.64M▼ 9.7% | 615M▲ 5.6% | 659.83M▲ 7.3% | 198.91M▼ 69.9% | 636.22M▲ 219.9% | -161.82M▼ 125.4% |
NOI Margin % | 68.22% | 68.13% | 68.4% | 65.61% | 66.96% | 66.4% | 19.49% | 64.49% | -16.12% |
Operating Expenses | 313M | 348.5M | 38.07M | 39.6M | 413.84M | 418.2M | 49.24M | 429.4M | -352.27M |
G&A Expenses | 36.23M | 38.64M | 38.07M | 39.6M | 42.55M | 45.41M | 49.24M | 45.36M | 46.66M |
EBITDA | 812.05M | 853.25M | 948.85M | 912.41M | 572.44M | 614.43M | 609.62M | 590.86M | 589.38M |
EBITDA Margin % | 100% | 96.82% | 100.56% | 102.74% | 62.33% | 61.84% | 59.74% | 59.9% | 58.7% |
Depreciation & Amortization | 571.03M | 601.31M | 341.48M | 369.37M | 371.29M | 372.8M | 459.95M | 384.05M | 398.93M |
D&A / Revenue % | 70.32% | 68.23% | 36.19% | 41.59% | 40.43% | 37.52% | 45.07% | 38.93% | 39.73% |
Operating Income | 241.02M▲ 0% | 251.94M▲ 4.5% | 607.37M▲ 141.1% | 543.04M▼ 10.6% | 201.15M▼ 63.0% | 241.63M▲ 20.1% | 149.67M▼ 38.1% | 206.82M▲ 38.2% | 190.45M▼ 7.9% |
Operating Margin % | 29.68% | 28.59% | 64.37% | 61.15% | 21.9% | 24.32% | 14.67% | 20.97% | 18.97% |
Interest Expense | 145.18M | 133.4M | 143.31M | 142.87M | 147.5M | 150.19M | 209.47M | 229.44M | 266.68M |
Interest Coverage | 1.72x | 1.96x | 1.74x | 1.10x | 1.38x | 1.64x | 0.64x | 0.90x | 0.96x |
Non-Operating Income | -8.58M | -10.07M | 357.74M | 385.25M | -2.47M | -5.1M | 16.04M | 0 | -64.8M |
Pretax Income | 104.43M▲ 0% | 128.61M▲ 23.2% | 418.7M▲ 225.6% | 38.55M▼ 90.8% | 56.13M▲ 45.6% | 96.54M▲ 72.0% | -75.84M▼ 178.6% | 7.59M▲ 110.0% | -11.43M▼ 250.6% |
Pretax Margin % | 12.86% | 14.59% | 44.37% | 4.34% | 6.11% | 9.72% | -7.43% | 0.77% | -1.14% |
Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Net Income | 94.44M▲ 0% | 116.09M▲ 22.9% | 363.71M▲ 213.3% | 50.42M▼ 86.1% | 65.27M▲ 29.4% | 97.14M▲ 48.8% | -42.71M▼ 144.0% | 23.52M▲ 155.1% | 16.27M▼ 30.8% |
Net Margin % | 11.63% | 13.17% | 38.55% | 5.68% | 7.11% | 9.78% | -4.18% | 2.38% | 1.62% |
Net Income Growth % | 10.59% | 22.92% | 213.31% | -86.14% | 29.44% | 48.84% | -143.96% | 155.07% | -30.83% |
Funds From Operations (FFO) | 665.47M▲ 0% | 717.39M▲ 7.8% | 705.19M▼ 1.7% | 419.79M▼ 40.5% | 436.56M▲ 4.0% | 469.94M▲ 7.6% | 417.24M▼ 11.2% | 407.56M▼ 2.3% | 415.2M▲ 1.9% |
FFO Margin % | 81.95% | 81.4% | 74.73% | 47.27% | 47.53% | 47.29% | 40.89% | 41.32% | 41.36% |
FFO Growth % | 9.64% | 7.8% | -1.7% | -40.47% | 3.99% | 7.65% | -11.21% | -2.32% | 1.87% |
FFO per Share | 4.13 | 4.22 | 4.07 | 2.39 | 2.49 | 2.67 | 2.46 | 2.43 | 2.48 |
FFO Payout Ratio % | 21.94% | 23.67% | 25.48% | 46.77% | 45.02% | 41.88% | 31.13% | 31.21% | 30.65% |
EPS (Diluted) | 0.58▲ 0% | 0.68▲ 17.2% | -0.57▼ 183.8% | -0.61▼ 7.0% | -0.48▲ 21.3% | -0.31▲ 35.4% | -0.26▲ 16.1% | 0.13▲ 150.0% | 0.10▼ 25.2% |
EPS Growth % | 5.45% | 17.24% | -183.82% | -7.02% | 21.31% | 35.42% | 16.13% | 150% | -25.23% |
EPS (Basic) | 0.58 | 0.68 | -0.57 | -0.61 | -0.48 | -0.31 | -0.26 | 0.13 | 0.10 |
Diluted Shares Outstanding | 161.23M | 169.9M | 173.36M | 175.38M | 175.48M | 175.76M | 169.6M | 167.39M | 167.45M |
DEI Balance Sheet
Douglas Emmett, Inc. (DEI) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Total Assets | 8.29B | 8.26B | 9.35B | 9.25B | 9.35B | 9.75B | 9.64B | 9.4B | 9.29B |
Asset Growth % | 8.92% | -0.37% | 13.16% | -1.05% | 1.12% | 4.21% | -1.06% | -2.49% | -1.23% |
Real Estate & Other Assets | 7.82B | 7.79B | 8.96B | 8.87B | 8.8B | 9B | 8.75B | 8.58B | -8.72B |
PP&E (Net) | 1.16M | 1.1M | 9.85M | 9.83M | 9.96M | 14.6M | 14.46M | 14.27M | 8.75B |
Investment Securities | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
Total Current Assets | 355.07M | 356.8M | 325.17M | 320.72M | 495.69M | 680.9M | 855.64M | 782.56M | 488.71M |
Cash & Equivalents | 176.65M | 146.23M | 153.68M | 172.38M | 335.9M | 268.84M | 523.08M | 444.62M | 340.79M |
Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
Other Current Assets | 60.19M | 73.53M | 22.5M | -13.64M | -15.84M | 101K | 0 | 0 | 22.31M |
Intangible Assets | 6.28M | 5.24M | 8.39M | 7.13M | 6.16M | 5.52M | 4.96M | 4.47M | 4.73M |
Total Liabilities | 4.39B | 4.41B | 4.98B | 5.25B | 5.37B | 5.47B | 5.8B | 5.75B | 5.81B |
Total Debt | 4.55B | 4.13B | 5.19B | 4.76B | 5.02B | 5.2B | 5.55B | 5.51B | 5.57B |
Net Debt | 4.37B | 3.99B | 5.04B | 4.58B | 4.69B | 4.93B | 5.03B | 5.06B | 5.23B |
Long-Term Debt | 4.12B | 4.03B | 4.62B | 4.67B | 5.01B | 5.19B | 5.54B | 5.5B | 5.55B |
Short-Term Borrowings | 427.69M | 105M | 560M | 75M | 0 | 0 | 0 | 0 | 6.44M |
Capital Lease Obligations | 0 | 0 | 10.88M | 10.87M | 10.86M | 10.85M | 10.84M | 10.82M | 10.81M |
Total Current Liabilities | 146.35M | 279.42M | 180.52M | 268.48M | 194.62M | 174.34M | 163.02M | 162.84M | 5.71B |
Accounts Payable | 62.74M | 75.11M | 66.44M | 81.59M | 83.15M | 80.24M | 61.77M | 60.13M | 0 |
Deferred Revenue | 31.38M | 44.39M | 53.27M | 50.55M | 50.06M | 47.15M | 50.82M | 51.3M | 139.96M |
Other Liabilities | 126.05M | 103.3M | 113.29M | 91.47M | 80M | 92.79M | 81.8M | 73.78M | -5.45B |
Total Equity | 3.9B▲ 0% | 3.85B▼ 1.4% | 4.37B▲ 13.6% | 4B▼ 8.6% | 3.99B▼ 0.2% | 4.28B▲ 7.3% | 3.85B▼ 10.1% | 3.66B▼ 4.9% | 3.47B▼ 5.0% |
Equity Growth % | 29.46% | -1.37% | 13.58% | -8.58% | -0.24% | 7.26% | -10.07% | -4.87% | -5.01% |
Shareholders Equity | 2.44B | 2.4B | 2.71B | 2.44B | 2.42B | 2.56B | 2.22B | 2.06B | 1.9B |
Minority Interest | 1.46B | 1.45B | 1.66B | 1.56B | 1.57B | 1.71B | 1.63B | 1.6B | 1.57B |
Common Stock | 1.7M | 1.7M | 1.75M | 1.75M | 1.75M | 1.76M | 1.67M | 1.67M | 1.68M |
Additional Paid-in Capital | 3.27B | 3.28B | 3.49B | 3.49B | 3.49B | 3.49B | 3.39B | 3.4B | 3.4B |
Retained Earnings | -879.81M | -935.63M | -758.58M | -904.52M | -1.04B | -1.12B | -1.29B | -1.39B | -1.51B |
Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Return on Assets (ROA) | 1.19% | 1.4% | 4.13% | 0.54% | 0.7% | 1.02% | -0.44% | 0.25% | 0.17% |
Return on Equity (ROE) | 2.73% | 3% | 8.85% | 1.21% | 1.64% | 2.35% | -1.05% | 0.63% | 0.46% |
Debt / Assets | 54.81% | 50.04% | 55.51% | 51.41% | 53.7% | 53.38% | 57.59% | 58.58% | 59.93% |
Debt / Equity | 1.16x | 1.07x | 1.19x | 1.19x | 1.26x | 1.22x | 1.44x | 1.51x | 1.60x |
Net Debt / EBITDA | 5.38x | 4.67x | 5.31x | 5.02x | 8.19x | 8.03x | 8.25x | 8.57x | 8.87x |
Book Value per Share | 24.20 | 22.65 | 25.21 | 22.78 | 22.72 | 24.33 | 22.67 | 21.85 | 20.75 |
DEI Cash Flow Statement
Douglas Emmett, Inc. (DEI) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 402.7M | 432.98M | 469.59M | 420.22M | 446.95M | 496.89M | 426.96M | 408.69M | 386.85M |
Operating CF Growth % | 18.63% | 7.52% | 8.45% | -10.51% | 6.36% | 11.17% | -14.07% | -4.28% | -5.34% |
Operating CF / Revenue % | 49.59% | 49.13% | 49.77% | 47.32% | 48.67% | 50.01% | 41.84% | 41.43% | 38.53% |
Net Income | 104.43M | 128.61M | 418.7M | 38.55M | 56.13M | 96.54M | -43.9M | 7.59M | -11.43M |
Depreciation & Amortization | 258.75M | 287.84M | 341.48M | 369.37M | 361.75M | 361.54M | 448.99M | 376.02M | 394.11M |
Stock-Based Compensation | 18.48M | 22.3M | 18.36M | 21.36M | 20.89M | 21.02M | 19.83M | 21.04M | 21.21M |
Other Non-Cash Items | -2.02M | -10.73M | 3.92M | 11.19M | 11.49M | 7.65M | 10.42M | 5.38M | -41.03M |
Working Capital Changes | 23.01M | 4.96M | -8.93M | -13.83M | -3.31M | 10.13M | -8.38M | -1.34M | 24M |
Cash from Investing | -669.6M | -249.55M | -649.67M | -265.18M | -288.71M | -560.95M | -233.59M | -240.76M | -259.94M |
Acquisitions (Net) | -4.14M | -9.38M | -51.53M | -6.59M | 0 | 81M | -5.21M | -5.21M | 5.4M |
Purchase of Investments | -541.81M | -9.38M | -456.64M | -14.27M | 0 | -406.22M | -46.69M | 0 | -102.46M |
Sale of Investments | 43.56M | 7.35M | 45.08M | 14.27M | 1.34M | 1.92M | 0 | 0 | 25.59M |
Other Investing | -494.11M | 7.35M | 51.53M | 39.01M | 3.04M | 470K | 7.47M | 3.84M | 3.93M |
Cash from Financing | 330.62M | -213.85M | 187.54M | -136.33M | 5.25M | -3M | 60.87M | -246.46M | -230.74M |
Dividends Paid | -146.03M | -169.83M | -179.67M | -196.33M | -196.53M | -196.81M | -129.9M | -127.19M | -127.26M |
Common Dividends | -146.03M | -169.83M | -179.67M | -196.33M | -196.53M | -196.81M | -129.9M | -127.19M | -127.26M |
Debt Issuance (Net) | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | -1000K |
Share Repurchases | -10.1M | -108K | -734K | -7K | -122K | -337K | -111.64M | -138K | -351K |
Other Financing | 181.62M | -55.58M | 77.67M | -64.24M | -67.32M | 19.96M | -46.73M | -9.24M | -59.62M |
Net Change in Cash | 63.72M▲ 0% | -30.42M▼ 147.7% | 7.46M▲ 124.5% | 18.71M▲ 151.0% | 163.49M▲ 773.7% | -67.07M▼ 141.0% | 254.25M▲ 479.1% | -78.53M▼ 130.9% | -103.83M▼ 32.2% |
Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash at Beginning | 112.93M | 176.77M | 146.35M | 153.8M | 172.52M | 336.01M | 268.84M | 523.18M | 444.62M |
Cash at End | 176.65M | 146.35M | 153.8M | 172.52M | 336.01M | 268.94M | 523.08M | 444.65M | 340.79M |
Free Cash Flow | 231.35M▲ 0% | 185.46M▼ 19.8% | 231.48M▲ 24.8% | 122.62M▼ 47.0% | 153.86M▲ 25.5% | 258.77M▲ 68.2% | 237.81M▼ 8.1% | 169.3M▼ 28.8% | 194.46M▲ 14.9% |
FCF Growth % | 5.21% | -19.84% | 24.81% | -47.03% | 25.48% | 68.19% | -8.1% | -28.81% | 14.86% |
FCF / Revenue % | 28.49% | 21.04% | 24.53% | 13.81% | 16.75% | 26.04% | 23.3% | 17.16% | 19.37% |
DEI Key Ratios
Douglas Emmett, Inc. (DEI) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
FFO per Share | 3.96 | 4.13 | 4.22 | 4.07 | 2.39 | 2.49 | 2.67 | 2.46 | 2.43 | 2.48 |
FFO Payout Ratio | 21.55% | 21.94% | 23.67% | 25.48% | 46.77% | 45.02% | 41.88% | 31.13% | 31.21% | 30.65% |
NOI Margin | 67.97% | 68.22% | 68.13% | 68.4% | 65.61% | 66.96% | 66.4% | 19.49% | 64.49% | -16.12% |
Net Debt / EBITDA | 5.73x | 5.38x | 4.67x | 5.31x | 5.02x | 8.19x | 8.03x | 8.25x | 8.57x | 8.87x |
Debt / Assets | 57.39% | 54.81% | 50.04% | 55.51% | 51.41% | 53.7% | 53.38% | 57.59% | 58.58% | 59.93% |
Interest Coverage | 1.66x | 1.72x | 1.96x | 1.74x | 1.10x | 1.38x | 1.64x | 0.64x | 0.90x | 0.96x |
Book Value / Share | 19.68 | 24.2 | 22.65 | 25.21 | 22.78 | 22.72 | 24.33 | 22.67 | 21.85 | 20.75 |
Revenue Growth | 16.79% | 9.36% | 8.53% | 7.07% | -5.89% | 3.42% | 8.19% | 2.7% | -3.33% | 1.77% |
Related:DEI Dividend History·DEI Revenue History·DEI Price History·DEI P/E History·DEI Financial Ratios·DEI Institutional Holders
DEI SEC Filings & Documents
Douglas Emmett, Inc. (DEI) SEC filings — annual & quarterly reports (10-K, 10-Q)
DEI Frequently Asked Questions
Douglas Emmett, Inc. (DEI) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Douglas Emmett, Inc. (DEI) reported $1.00B in revenue for fiscal year 2025. This represents a 155% increase from $393.8M in 2005.
Douglas Emmett, Inc. (DEI) grew revenue by 1.8% over the past year. Growth has been modest.
Yes, Douglas Emmett, Inc. (DEI) is profitable, generating $16.3M in net income for fiscal year 2025 (1.6% net margin).
Dividend & Returns
Yes, Douglas Emmett, Inc. (DEI) pays a dividend with a yield of 6.49%. This makes it attractive for income-focused investors.
Douglas Emmett, Inc. (DEI) has a return on equity (ROE) of 0.5%. This is below average, suggesting room for improvement.
Industry Metrics
Douglas Emmett, Inc. (DEI) generated Funds From Operations (FFO) of $415.2M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Douglas Emmett, Inc. (DEI) offers a 6.49% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.