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Douglas Emmett Inc

For the period ended Mar 31, 2025. Filed May 9, 2025.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed May 9, 2025

DEI$10.38+2.1%Stored close · as of Nov 9, 2026

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United States

Securities and Exchange Commission

Washington, D.C. 20549

FORM 10-Q

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2025

or

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _____ to _____

Commission file number:001-33106

(Exact name of registrant as specified in its charter)

Maryland20-3073047
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)
1299 Ocean Avenue, Suite 1000, Santa Monica, California90401
(Address of principal executive offices)(Zip Code)

(310)255-7700

(Registrant’s telephone number, including area code)

N/A

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of Each ClassTrading SymbolName of Each Exchange on Which Registered
Common Stock, $0.01 par value per shareDEINew York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer☒Accelerated filer☐
Non-accelerated filer☐Smaller reporting company☐
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐ No☒

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

ClassOutstanding atMay 2, 2025
Common Stock, $0.01 par value per share167,446,350shares
DOUGLAS EMMETT, INC.FORM 10-Q
Table of Contents
Page
Glossary3
Forward Looking Statements6
PART I. FINANCIAL INFORMATION
Item 1Financial Statements (unaudited)7
Consolidated Balance Sheets7
Consolidated Statements of Operations8
Consolidated Statements of Comprehensive Income (Loss)9
Consolidated Statements of Equity10
Consolidated Statements of Cash Flows12
Notes to Consolidated Financial Statements14
Overview14
Summary of Significant Accounting Policies15
Investment in Real Estate17
Ground Lease18
Acquired Lease Intangibles19
Investment in Unconsolidated Fund19
Other Assets20
Secured Notes Payable, Net21
Interest Payable, Accounts Payable and Deferred Revenue23
Derivative Contracts24
Equity26
EPS28
Fair Value of Financial Instruments29
Segment Reporting31
Future Minimum Lease Rental Receipts32
Commitments, Contingencies & Guarantees32
Item 2Management’s Discussion and Analysis of Financial Condition and Results of Operations34
Item 3Quantitative and Qualitative Disclosures About Market Risk45
Item 4Controls and Procedures45
PART II. OTHER INFORMATION
Item 1Legal Proceedings46
Item 1ARisk Factors46
Item 2Unregistered Sales of Equity Securities and Use of Proceeds46
Item 3Defaults Upon Senior Securities46
Item 4Mine Safety Disclosures46
Item 5Other Information46
Item 6Exhibits47
SIGNATURES48
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