What is Douglas Emmett Inc worth?
With the base-case assumptions below, a discounted cash flow model on Douglas Emmett Inc's reported free cash flow gives -$14.05 per share. The share price was $10.00 on November 10, 2026, 171% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | -2.5% | 10.0% | -$20.98 | -310% |
| Base | 2.5% | 9.0% | -$14.05 | -240% |
| Bull | 7.5% | 8.0% | -$0.55 | -105% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | -$9.17 | -$7.70 | -$5.91 | -$3.66 | -$0.77 |
| 8.0% | -$12.80 | -$11.84 | -$10.72 | -$9.36 | -$7.71 |
| 9.0% | -$15.45 | -$14.80 | -$14.05 | -$13.17 | -$12.13 |
| 10.0% | -$17.48 | -$17.01 | -$16.49 | -$15.89 | -$15.19 |
| 11.0% | -$19.07 | -$18.73 | -$18.35 | -$17.93 | -$17.44 |
Where the presets come from
Base: years 1 to 5 grow at Douglas Emmett Inc's revenue growth rate over the last 5 fiscal years (2.4% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions