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Douglas Emmett (DEI) Q2 2026 earnings results (second quarter 2026)

10-Q filed Aug 7, 2026

Douglas Emmett (DEI) reported revenue of $257M for the second quarter 2026 (Q2 2026), +2% from a year earlier and +2% from the quarter before. Operating margin was 19.6%, net loss $14.9M (5.8% of revenue).

Revenue$257M
Year over year+2%
Quarter over quarter+2%
Operating margin19.6%
Net earnings−$14.9M

Douglas Emmett, Q2 2026: revenue $257M (+2% year over year), operating margin 19.6%, net loss $14.9M, operating cash flow $96.1M. The chart follows the revenue to costs, profit and cash.

Q2 2026AmountQ/QY/Y
Revenue$257M+2%+2%
Operating profit$50.3M+3%+10%
Net earnings−$14.9M——
Operating cash flow$96.1M-18%+18%
Free cash flow$39.9M-39%+32%

What changed

Revenue was $256.5M in Q2 2026, up 2% year over year and up 2% from the previous quarter. Office rental was the largest line at 80% of revenue. Office rental added $3.2M year over year (up 2%), 78% of the total change.

Gross margin was 63.2%, unchanged from Q2 2025. Operating profit was $50.3M, a 19.6% margin (up 1.5 points year over year). Of the extra revenue versus Q2 2025, 114% reached operating profit, above the 18% margin then. Operating expenses fell 2% while revenue rose 2%. The quarter ended with a net loss of $14.9M, wider than the previous quarter's $12.6M loss. Minority interests bore $12.3M of it: to shareholders the quarter was a loss of $2.7M. Net interest and other expense of $65.3M was the main reason.

Operating cash flow was $96.1M (up 18% year over year). Non-cash charges added back $99.3M of depreciation and amortization and $2.5M of share-based compensation. Working capital and other items added $9.3M. Capital expenditures of $56.3M left free cash flow of $39.9M.

Questions

What was Douglas Emmett's revenue in the second quarter 2026?

Douglas Emmett (DEI) reported revenue of $257M for the second quarter 2026 (Q2 2026), +2% from a year earlier and +2% from the quarter before.

Was Douglas Emmett profitable in the second quarter 2026?

Operating profit was $50.3M (19.6% of revenue) and net loss $14.9M.

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Source: Douglas Emmett 10-Q on SEC EDGAR.