Douglas Emmett: Challenged Operating Environment Offsets The Attractive Portfolio (Rating Downgrade)

kenny hung photography/Moment via Getty Images Douglas Emmett (NYSE:DEI) is a sparingly covered REIT that owns a portfolio of Class-A office space as well as a large complement of multifamily apartment units. The latter exposure provides a notable hedge against the downside risks relating to the company's office holdings. I last covered DEI in late 2022. I viewed shares bullishly due in part to the strong leasing momentum at the time and the defensive nature of their multifamily portfolio. I also cited the ...