[PART I](index=7&type=section&id=PART%20I) [Business](index=7&type=section&id=Item%201.%20Business) Douglas Emmett is a REIT focused on high-quality office and multifamily properties in Los Angeles and Honolulu, aiming for significant market share and maintaining REIT status - The company is a **REIT** focused on high-quality office and multifamily properties in Los Angeles and Honolulu, targeting submarkets with significant supply constraints[22](index=22&type=chunk) Portfolio Summary as of December 31, 2020 | Portfolio Type | Office Space (sq ft) | Multifamily Units | | :--- | :--- | :--- | | Consolidated Portfolio | 17.8 million | 4,287 | | Total Portfolio (incl. unconsolidated Fund) | 18.2 million | 4,287 | - The business strategy involves concentrating properties to gain substantial market share, averaging approximately **38%** of Class A office space in its submarkets, and utilizing a fully integrated operating platform with in-house leasing, management, and construction[26](index=26&type=chunk)[27](index=27&type=chunk) - The company operates through two segments: office real estate and multifamily real estate, employing approximately **700 people** as of year-end 2020[50](index=50&type=chunk)[51](index=51&type=chunk) - Local government ordinances related to the COVID-19 pandemic have impacted operations by prohibiting evictions and allowing rent deferrals for residential, retail, and office tenants[46](index=46&type=chunk) [Risk Factors](index=12&type=section&id=Item%201A.%20Risk%20Factors) The company faces significant risks including the COVID-19 pandemic, geographic concentration, substantial debt, market competition, and regulatory compliance - The COVID-19 pandemic is a primary risk, potentially affecting rent collections, tenant demand, and operational costs[63](index=63&type=chunk)[64](index=64&type=chunk) - A high geographic concentration of properties in Los Angeles County and Honolulu exposes the company to localized economic downturns, regulatory changes, and natural disasters[67](index=67&type=chunk)[68](index=68&type=chunk) - The company has substantial debt, which creates risks related to interest rate fluctuations, refinancing, and potential default, which could be exacerbated during economic downturns[71](index=71&type=chunk)[72](index=72&type=chunk) - As of December 31, 2020, **11.4%** of the total office portfolio was available for lease, and leases for **13.3%** of the square footage were scheduled to expire in 2021, posing renewal and vacancy risks[85](index=85&type=chunk) - Failure to maintain its **REIT qualification** would lead to higher taxes and reduced cash available for distributions, significantly impacting financial performance[143](index=143&type=chunk)[144](index=144&type=chunk) [Unresolved Staff Comments](index=27&type=section&id=Item%201B.%20Unresolved%20Staff%20Comments) The company has no unresolved staff comments from the SEC - There are no unresolved staff comments[168](index=168&type=chunk) [Properties](index=28&type=section&id=Item%202.%20Properties) The company's portfolio includes 71 office properties and 12 multifamily properties, with detailed leasing statistics and tenant diversification Total Office Portfolio Summary (as of Dec 31, 2020) | Metric | Value | | :--- | :--- | | Number of Properties | 71 | | Rentable Square Feet | 18,192,265 | | Weighted Average Market Share | 38.0% | | Percent Leased | 88.6% | Total Multifamily Portfolio Summary (as of Dec 31, 2020) | Metric | Value | | :--- | :--- | | Number of Properties | 12 | | Number of Units | 4,287 | | Percent Leased | 98.2% | - The office portfolio is diversified across various industries, with the largest concentrations in Legal (**18.3%**), Financial Services (**14.9%**), and Entertainment (**13.5%**) based on annualized rent[180](index=180&type=chunk) - A significant portion of office leases are expiring in the near term, with **13.3%** of rentable square feet expiring in 2021 and **13.6%** in 2022[182](index=182&type=chunk) [Legal Proceedings](index=33&type=section&id=Item%203.%20Legal%20Proceedings) The company is not involved in any material legal proceedings that would adversely affect its operations - The company is not involved in any material legal proceedings outside the ordinary course of business[189](index=189&type=chunk) [Mine Safety Disclosures](index=33&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This section is not applicable to the company's operations - No mine safety disclosures are reported[190](index=190&type=chunk) [PART II](index=34&type=section&id=PART%20II) [Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](index=34&type=section&id=Item%205.%20Market%20for%20Registrant%27s%20Common%20Equity%2C%20Related%20Stockholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities) The company's common stock trades on the NYSE, declared increased dividends in 2020, and underperformed the S&P 500 over five years - The company's common stock is traded on the **New York Stock Exchange (NYSE)** under the ticker symbol '**DEI**'[193](index=193&type=chunk) Dividends Declared Per Common Share | Year | Q1 | Q2 | Q3 | Q4 | | :--- | :--- | :--- | :--- | :--- | | 2020 | $0.28 | $0.28 | $0.28 | $0.28 | | 2019 | $0.26 | $0.26 | $0.26 | $0.28 | - The cumulative total return on the company's common stock from December 31, 2015, to December 31, 2020, was **7.99%**, underperforming the S&P 500's return of **103.04%** over the same period[201](index=201&type=chunk) [Selected Financial Data](index=35&type=section&id=Item%206.%20Selected%20Financial%20Data) This section is blank due to the company's early adoption of SEC amendments eliminating this disclosure requirement - The company has ceased disclosing selected financial data in this item due to the early adoption of amendments to SEC Regulation S-K[7](index=7&type=chunk)[202](index=202&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=36&type=section&id=Item%207.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the significant negative impact of the COVID-19 pandemic on 2020 results, affecting revenues, net income, FFO, and NOI [Impact of the COVID-19 Pandemic](index=37&type=section&id=Impact%20of%20the%20COVID-19%20Pandemic) The COVID-19 pandemic negatively impacted 2020 operations, leading to reduced rent collections, lower parking revenue, and a decline in office portfolio leased percentage - For the year ended December 31, 2020, charges for uncollectible tenant and deferred rent receivables, primarily due to the COVID-19 pandemic, reduced office revenues by **$41.0 million**[210](index=210&type=chunk) - The total office portfolio leased percentage declined by **4.7%** during 2020, ending the year at **88.6%**, as new leasing volume remained below pre-pandemic levels[211](index=211&type=chunk) [Results of Operations](index=42&type=section&id=Results%20of%20Operations) Total revenues and net income decreased in 2020, primarily due to pandemic impacts and a non-recurring gain in 2019 Comparison of Key Financial Metrics (2020 vs. 2019) | Metric (in thousands) | 2020 | 2019 | Change | % Change | | :--- | :--- | :--- | :--- | :--- | | Total Revenues | $891,523 | $936,682 | ($45,159) | (4.8)% | | Total Operating Expenses | $730,262 | $693,974 | ($36,288) | (5.2)% | | Net Income | $38,553 | $418,698 | ($380,145) | (90.8)% | | Net Income Attributable to Common Stockholders | $50,421 | $363,713 | ($313,292) | (86.1)% | - The significant decrease in Net Income was primarily due to a **$307.9 million** gain from the consolidation of a JV in 2019, which did not recur in 2020[243](index=243&type=chunk) [Non-GAAP Supplemental Financial Measures](index=47&type=section&id=Non-GAAP%20Supplemental%20Financial%20Measures) FFO decreased by 12.3% and total Same Property NOI by 14.7% in 2020 due to pandemic impacts on operating income Funds From Operations (FFO) Reconciliation (in thousands) | Metric | 2020 | 2019 | | :--- | :--- | :--- | | Net income attributable to common stockholders | $50,421 | $363,713 | | Adjustments (Depreciation, Gains, etc.) | $322,120 | $61,100 | | **FFO** | **$372,541** | **$424,813** | Same Property NOI Change (2020 vs. 2019) | Segment | 2020 NOI (in thousands) | 2019 NOI (in thousands) | % Change | | :--- | :--- | :--- | :--- | | Office | $455,621 | $537,839 | (15.3)% | | Multifamily | $42,967 | $46,894 | (8.4)% | | **Total** | **$498,588** | **$584,733** | **(14.7)%** | [Liquidity and Capital Resources](index=50&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintains strong liquidity with $172.4 million cash and $325 million credit facility availability, funding needs through operations, debt, or equity - As of December 31, 2020, the company had **$172.4 million** of cash and cash equivalents and a **$75.0 million** balance on its **$400.0 million** revolving credit facility[258](index=258&type=chunk) Cash Flow Summary (in thousands) | Cash Flow Activity | 2020 | 2019 | | :--- | :--- | :--- | | Net cash provided by operating activities | $420,218 | $469,586 | | Net cash used in investing activities | ($265,175) | ($649,668) | | Net cash (used in) provided by financing activities | ($136,330) | $187,538 | [Quantitative and Qualitative Disclosures About Market Risk](index=54&type=section&id=Item%207A.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company manages interest rate risk on floating-rate debt using swaps and is monitoring the transition from LIBOR to SOFR - The company uses **interest rate swaps** to hedge interest rate risk on its floating-rate borrowings. As of December 31, 2020, no outstanding floating-rate debt was unhedged[280](index=280&type=chunk) - The company is monitoring the planned cessation of **LIBOR** after 2021 (or June 2023 for some settings) and the transition to alternative rates like **SOFR**, which could affect its floating-rate borrowings and interest rate swaps[281](index=281&type=chunk)[283](index=283&type=chunk) [Financial Statements and Supplementary Data](index=54&type=section&id=Item%208.%20Financial%20Statements%20and%20Supplementary%20Data) This section refers to detailed financial statements and schedules located in Part IV, Item 15 of the report - The full financial statements and supplementary data are located in Part IV, Item 15 of this report[284](index=284&type=chunk) [Changes in and Disagreements with Accountants on Accounting and Financial Disclosure](index=54&type=section&id=Item%209.%20Changes%20in%20and%20Disagreements%20with%20Accountants%20on%20Accounting%20and%20Financial%20Disclosure) The company reports no changes in or disagreements with its accountants regarding accounting and financial disclosure - There were no disagreements with accountants on accounting and financial disclosure[285](index=285&type=chunk) [Controls and Procedures](index=55&type=section&id=Item%209A.%20Controls%20and%20Procedures) The company's disclosure controls and procedures were effective as of December 31, 2020, with no material changes to internal control - Management, including the CEO and CFO, concluded that as of December 31, 2020, the company's disclosure controls and procedures were **effective**[287](index=287&type=chunk) - No changes in internal control over financial reporting occurred during the quarter ended December 31, 2020, that materially affected, or are reasonably likely to materially affect, internal controls[288](index=288&type=chunk) [Other Information](index=55&type=section&id=Item%209B.%20Other%20Information) No other information is reported under this item - There is no information to report under this item[289](index=289&type=chunk) [PART III](index=56&type=section&id=PART%20III) [Directors, Executive Compensation, and Corporate Governance](index=56&type=section&id=Item%2010-14) Information for Items 10-14 is incorporated by reference from the company's 2021 Proxy Statement, covering directors, executive compensation, and governance - Information for Items 10, 11, 12, 13, and 14 is incorporated by reference from the company's 2021 Proxy Statement[292](index=292&type=chunk)[293](index=293&type=chunk)[296](index=296&type=chunk)[297](index=297&type=chunk) Securities Authorized for Issuance Under Stock-Based Compensation Plan (as of Dec 31, 2020) | Plan Category | Shares to be Issued (thousands) | Shares Remaining for Future Issuance (thousands) | | :--- | :--- | :--- | | Approved by stockholders | 2,855 | 9,062 | [PART IV](index=57&type=section&id=PART%20IV) [Exhibits and Financial Statement Schedule](index=57&type=section&id=Item%2015.%20Exhibits%20and%20Financial%20Statement%20Schedule) This section includes the consolidated financial statements, notes, auditor's report, and exhibit schedule for the fiscal year ended December 31, 2020 [Consolidated Financial Statements](index=66&type=section&id=Consolidated%20Financial%20Statements) Audited financial statements show total assets of $9.25 billion, total revenues of $891.5 million, and net income of $50.4 million in 2020 Key Balance Sheet Data (as of Dec 31, 2020, in thousands) | Account | Amount | | :--- | :--- | | Total Assets | $9,250,825 | | Total Liabilities | $5,254,806 | | Total Equity | $3,996,019 | Key Income Statement Data (Year ended Dec 31, 2020, in thousands) | Account | Amount | | :--- | :--- | | Total Revenues | $891,523 | | Net Income | $38,553 | | Net Income Attributable to Common Stockholders | $50,421 | | EPS (basic and diluted) | $0.28 | Key Cash Flow Data (Year ended Dec 31, 2020, in thousands) | Account | Amount | | :--- | :--- | | Net Cash from Operating Activities | $420,218 | | Net Cash used in Investing Activities | ($265,175) | | Net Cash used in Financing Activities | ($136,330) | [Notes to Consolidated Financial Statements](index=74&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) Notes detail accounting policies, real estate investment, debt, interest rate swaps, segment revenues, and development commitments - In December 2020, the company sold an 80,000 sq ft office property in Honolulu for **$21.0 million**, resulting in a **$6.4 million** gain[410](index=410&type=chunk) - As of December 31, 2020, total consolidated debt, net of unamortized costs, was **$4.74 billion**. The weighted average remaining life of the debt is **5.3 years** with a weighted average annual interest rate of **3.02%**[444](index=444&type=chunk)[446](index=446&type=chunk) - The company uses interest rate swaps to hedge its floating-rate debt. As of year-end, it had 39 consolidated derivative contracts with a total notional value of **$5.12 billion**[451](index=451&type=chunk) - As of December 31, 2020, the company had remaining contractual commitments of approximately **$148.2 million** for development projects and **$23.2 million** for repositioning and tenant improvements[503](index=503&type=chunk) [Form 10-K Summary](index=59&type=section&id=Item%2016.%20Form%2010-K%20Summary) This section is not applicable - No 10-K summary is provided[305](index=305&type=chunk)

Douglas Emmett, Inc. (NYSE:DEI) Q4 2020 Earnings Conference Call February 10, 2021 2:00 PM ET Company Participants Stuart McElhinney - VP, IR Jordan Kaplan - President & CEO Kevin Crummy - CIO Peter Seymour - CFO Conference Call Participants Josh Baron - Scotiabank Alexander Goldfarb - Piper Sandler Frank Lee - BMO Steve Sakwa - Evercore ISI Emmanuel Korchman - Citi Jamie Feldman - Bank of America Rich Anderson - SMB Blaine Heck - Wells Fargo Craig Mailman - KeyBanc Capital Markets Bill Crow - Raymond James ...

```markdown PART I. FINANCIAL INFORMATION [Financial Statements (unaudited)](index=8&type=section&id=Item%201.%20Financial%20Statements) The unaudited financial statements for the period ended September 30, 2020, show a decrease in total assets and equity compared to December 31, 2019, with revenues, operating income, and net income all declining significantly due to the COVID-19 pandemic's adverse impacts on rental and parking income [Consolidated Balance Sheets](index=8&type=section&id=Consolidated%20Balance%20Sheets) As of September 30, 2020, total assets were $9.29 billion, a slight decrease from $9.35 billion at year-end 2019, while total liabilities increased to $5.29 billion from $4.98 billion, primarily due to higher interest rate contract liabilities, leading to a decrease in total equity from $4.37 billion to $4.00 billion Consolidated Balance Sheet Summary (in thousands) | Account | Sep 30, 2020 | Dec 31, 2019 | | :--- | :--- | :--- | | **Total Assets** | **$9,289,373** | **$9,349,301** | | Investment in real estate, net | $8,876,752 | $8,960,218 | | Cash and cash equivalents | $202,166 | $153,683 | | **Total Liabilities** | **$5,289,005** | **$4,978,367** | | Secured notes payable, net | $4,708,312 | $4,619,058 | | Interest rate contract liabilities | $241,960 | $54,616 | | **Total Equity** | **$4,000,368** | **$4,370,934** | [Consolidated Statements of Operations](index=9&type=section&id=Consolidated%20Statements%20of%20Operations) For the three months ended September 30, 2020, total revenues decreased to $217.0 million from $238.1 million, and net income attributable to common stockholders fell sharply to $3.8 million ($0.02/share) from $22.5 million ($0.13/share), with similar declines for the nine-month period Three Months Ended September 30 (in thousands, except per share data) | Metric | 2020 | 2019 | | :--- | :--- | :--- | | Total Revenues | $216,987 | $238,069 | | Operating Income | $34,297 | $60,691 | | Net Income Attributable to Common Stockholders | $3,773 | $22,488 | | EPS (basic and diluted) | $0.02 | $0.13 | Nine Months Ended September 30 (in thousands, except per share data) | Metric | 2020 | 2019 | | :--- | :--- | :--- | | Total Revenues | $676,133 | $692,789 | | Operating Income | $128,526 | $194,799 | | Net Income Attributable to Common Stockholders | $32,726 | $85,155 | | EPS (basic and diluted) | $0.18 | $0.49 | [Consolidated Statements of Cash Flows](index=14&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) For the nine months ended September 30, 2020, net cash provided by operating activities remained stable at $356.7 million, while net cash used in investing activities significantly decreased to $201.3 million, and net cash used in financing activities reversed to $106.9 million from a prior-year inflow Cash Flow Summary - Nine Months Ended September 30 (in thousands) | Activity | 2020 | 2019 | | :--- | :--- | :--- | | Net cash provided by operating activities | $356,729 | $358,968 | | Net cash used in investing activities | ($201,294) | ($539,067) | | Net cash (used in) provided by financing activities | ($106,879) | $215,382 | | **Increase in cash and cash equivalents** | **$48,556** | **$35,283** | [Notes to Consolidated Financial Statements](index=16&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) The notes provide detailed information on the company's real estate portfolio, revenue recognition policies impacted by COVID-19, debt and derivatives, segment performance, and commitments, highlighting its office and multifamily segments concentrated in Los Angeles County and Honolulu - As of September 30, 2020, the company's consolidated portfolio included **17.9 million square feet of office space** and **4,258 multifamily units**[40](index=40&type=chunk) - Charges for uncollectible amounts, primarily due to the COVID-19 pandemic, reduced office revenues by **$38.5 million** for the nine months ended September 30, 2020[52](index=52&type=chunk) - Total consolidated debt stood at **$4.74 billion** as of September 30, 2020, with the vast majority swapped to a fixed rate[88](index=88&type=chunk)[93](index=93&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=41&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the significant negative impact of the COVID-19 pandemic on business operations, particularly rent collections and parking revenue, due to local ordinances, detailing a decline in FFO and Same Property NOI for both Q3 and the nine-month period ended September 30, 2020, while maintaining adequate liquidity and proceeding with development projects - The COVID-19 pandemic and tenant-friendly local ordinances in Los Angeles, Beverly Hills, and Santa Monica have negatively impacted rent collections and leasing activity[148](index=148&type=chunk)[149](index=149&type=chunk) - For the nine months ended September 30, 2020, FFO decreased by **11.4%** to **$279.0 million**, and Same Property NOI decreased by **12.8%**, primarily due to the pandemic's impact on the office portfolio[187](index=187&type=chunk)[198](index=198&type=chunk) - The company maintains short-term liquidity with **$202.2 million** in cash and **$360 million** available on its revolving credit facility as of September 30, 2020[202](index=202&type=chunk) [Impacts of the COVID-19 Pandemic on our Business](index=43&type=section&id=Impacts%20of%20the%20COVID-19%20Pandemic%20on%20our%20Business) The COVID-19 pandemic has materially and adversely affected the company's business, with punitive local ordinances allowing rent deferrals and leading to significant write-offs of tenant receivables, reducing rental revenues by $38.5 million for the nine months ended September 30, 2020, and causing a 1% decline in the total office portfolio leased percentage to 89.8% - Local ordinances in Los Angeles, Beverly Hills, and Santa Monica prohibit evictions and allow rent deferral for residential, retail, and office tenants, impacting collections[149](index=149&type=chunk) - For the nine months ended September 30, 2020, charges for uncollectible amounts related to the pandemic reduced rental revenues and tenant recoveries by **$38.5 million**[150](index=150&type=chunk) - The total office portfolio leased percentage declined by **1%** to **89.8%** due to new leasing volume remaining below pre-pandemic levels[151](index=151&type=chunk) [Results of Operations](index=49&type=section&id=Results%20of%20Operations) Comparing the third quarter of 2020 to 2019, office rental revenue decreased by 3.1% and office parking income dropped 37.4%, primarily due to the COVID-19 pandemic's impact on collections and property utilization, with office parking income falling 21.7% for the nine-month period, driving lower net income in both periods Q3 2020 vs Q3 2019 Revenue Changes (in thousands) | Revenue Category | Q3 2020 | Q3 2019 | Change | % Change | | :--- | :--- | :--- | :--- | :--- | | Office rental revenue | $169,571 | $175,017 | ($5,446) | (3.1)% | | Office parking & other | $19,324 | $30,883 | ($11,559) | (37.4)% | | Multifamily revenue | $28,092 | $32,169 | ($4,077) | (12.7)% | Nine Months 2020 vs 2019 Revenue Changes (in thousands) | Revenue Category | 9M 2020 | 9M 2019 | Change | % Change | | :--- | :--- | :--- | :--- | :--- | | Office rental revenue | $514,211 | $513,926 | $285 | 0.1% | | Office parking & other | $71,562 | $91,453 | ($19,891) | (21.7)% | | Multifamily revenue | $90,360 | $87,410 | $2,950 | 3.4% | [Non-GAAP Supplemental Financial Measures: FFO and Same Property NOI](index=57&type=section&id=Non-GAAP%20Supplemental%20Financial%20Measures) The company's key non-GAAP metrics, Funds From Operations (FFO) and Same Property Net Operating Income (NOI), both showed significant declines due to the COVID-19 pandemic, with FFO decreasing 20.3% and Same Property NOI falling 18.3% year-over-year for Q3 2020, and similar declines for the nine-month period driven by lower collections, write-offs, and reduced parking income in the office portfolio FFO Reconciliation Summary (in thousands) | Period | FFO 2020 | FFO 2019 | % Change | | :--- | :--- | :--- | :--- | | Three Months Ended Sep 30 | $82,753 | $103,888 | (20.3)% | | Nine Months Ended Sep 30 | $279,043 | $314,787 | (11.4)% | Same Property NOI Summary (in thousands) | Period | Total NOI 2020 | Total NOI 2019 | % Change | | :--- | :--- | :--- | :--- | | Three Months Ended Sep 30 | $119,692 | $146,437 | (18.3)% | | Nine Months Ended Sep 30 | $381,729 | $437,547 | (12.8)% | [Liquidity and Capital Resources](index=63&type=section&id=Liquidity%20and%20Capital%20Resources) The company expects to meet its short-term liquidity needs through its $202.2 million cash balance, $356.7 million in cash from operations (YTD), and its $400 million revolving credit facility, with no debt maturities until February 2023, and long-term needs for acquisitions and development planned to be met through debt, equity, or dispositions, with approximately 41% of the total office portfolio unencumbered - As of September 30, 2020, the company had **$202.2 million** in cash and cash equivalents and **$360 million** of availability on its revolving credit facility[202](index=202&type=chunk) - The company's earliest debt maturity is **February 28, 2023**[202](index=202&type=chunk) - Long-term liquidity needs are planned to be met through secured non-recourse debt, equity issuances (including a **$400 million ATM program**), property dispositions, and JV transactions[203](index=203&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=54&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's primary market risk is interest rate risk on its floating-rate debt, which it manages through interest rate swaps, with all floating-rate debt hedged as of September 30, 2020, while also monitoring the market transition from LIBOR to SOFR due to its debt and derivative instruments being indexed to USD-LIBOR - As of September 30, 2020, the company had no outstanding unhedged floating-rate debt[212](index=212&type=chunk) - The company is exposed to risks related to the planned discontinuation of LIBOR after 2021, as its floating rate borrowings and derivative instruments are indexed to USD-LIBOR[214](index=214&type=chunk) [Controls and Procedures](index=54&type=section&id=Item%204.%20Controls%20and%20Procedures) Management, including the CEO and CFO, evaluated the company's disclosure controls and procedures and concluded they were effective as of September 30, 2020, with no material changes to the company's internal control over financial reporting during the quarter - The CEO and CFO concluded that as of September 30, 2020, the company's disclosure controls and procedures were effective[215](index=215&type=chunk) - No changes in internal control over financial reporting occurred during the quarter that have materially affected, or are reasonably likely to materially affect, internal controls[216](index=216&type=chunk) PART II. OTHER INFORMATION [Legal Proceedings](index=66&type=section&id=Item%201.%20Legal%20Proceedings) The company is not currently a party to any legal proceedings that are expected to have a materially adverse effect on its business, financial condition, or results of operations, excluding ordinary, routine litigation - The company reports no material legal proceedings outside of the ordinary course of business[220](index=220&type=chunk) [Risk Factors](index=66&type=section&id=Item%201A.%20Risk%20Factors) There have been no material changes to the risk factors disclosed in the company's 2019 Annual Report on Form 10-K, except for the previously disclosed risk factor related to the COVID-19 pandemic - No material changes to risk factors are reported, other than the COVID-19 risk factor disclosed in the Q1 2020 10-Q[221](index=221&type=chunk) ```

Douglas Emmett, Inc. (NYSE:DEI) Q3 2020 Earnings Conference Call November 3, 2020 2:00 PM ET Company Participants Stuart McElhinney - VP, IR Jordan Kaplan - President & CEO Kevin Crummy - CIO Peter Seymour - CFO Conference Call Participants Dave Rodgers - Baird Alexander Goldfarb - Piper Sandler Jamie Feldman - Bank of America Merrill Lynch Frank Lee - BMO Michael Bilerman - Citi Steve Sakwa - Evercore Nick Yulico - Scotiabank Rich Anderson - SMBC Craig Mailman - KeyBanc Capital Markets Venkat Kommineni - M ...

Douglas Emmett, Inc. (NYSE:DEI) Q2 2020 Earnings Conference Call August 7, 2020 2:00 PM ET Company Participants Stuart McElhinney - VP, IR Jordan Kaplan - President and CEO Kevin Crummy - CIO Peter Seymour - CFO Conference Call Participants Alexander Goldfarb - Piper Sandler Steve Sakwa - Evercore Craig Mailman - KeyBanc Capital Markets Rich Anderson - SMBC Jamie Feldman - Bank of America Merrill Lynch Michael Bilerman - Citi Frank Lee - BMO Daniel Ismail - Green Street Advisors Josh Burr - Scotiabank Opera ...

United States Securities and Exchange Commission Washington, D.C. 20549 Title of Each Class Trading Symbol Name of Each Exchange on Which Registered Common Stock, $0.01 par value per share DEI New York Stock Exchange FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission ...

Douglas Emmett, Inc. (NYSE:DEI) Q1 2020 Earnings Conference Call May 8, 2020 2:00 PM ET Company Participants Stuart McElhinney - Vice President of Investor Relations Jordan Kaplan - President & Chief Executive Officer Kevin Crummy - Chief Investment Officer Peter Seymour - Chief Financial Officer Conference Call Participants Jason Green - Evercore Craig Mailman - KeyBanc Capital Markets Jamie Feldman - Bank of America Emmanuel Korchman - Citi Alexander Goldfarb - Piper Sandler Frank Lee - BMO Dave Rodgers - ...

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, 2020 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 Douglas Emmett, Inc. (Exact name of registrant as specified in its charter) Maryland 20-3073047 (State or other jurisdic ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 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: 1-33106 Douglas Emmett, Inc. (Exact name of registrant as specified in its charter) Maryland 20-3073047 (State or other jurisdiction of ...

Douglas Emmett, Inc. (NYSE:DEI) Q3 2019 Earnings Conference Call November 6, 2019 2:00 PM ET Company Participants Stuart McElhinney – Vice President-Investor Relations Jordan Kaplan – President and Chief Executive Officer Kevin Crummy – Chief Investment Officer Peter Seymour – Chief Financial Officer Conference Call Participants Jason Green – Evercore Jamie Feldman – Bank of America Alexander Goldfarb – Sandler O’Neill Nick Yulico – Scotia Bank Rich Anderson – SMBC Tayo Okusanya – Mizuho John Kim – BMO Capi ...