SANTA MONICA, Calif.,
Dec. 5, 2019 /PRNewswire/ --
Douglas Emmett, Inc. (NYSE: DEI), a
real estate investment trust (REIT), announced today that its Board
of Directors has declared a quarterly cash dividend on each share
of its common stock of $0.28, or
$1.12 on an annualized basis, to be
paid on January 15, 2020 to
shareholders of record as of December
31, 2019. This represents an 8% increase over the
Company's 2019 quarterly dividend.
About Douglas Emmett,
Inc.
Douglas Emmett, Inc.
(DEI) is a fully integrated, self-administered and self-managed
real estate investment trust (REIT), and one of the largest owners
and operators of high-quality office and multifamily properties
located in the premier coastal submarkets of Los Angeles and Honolulu. Douglas Emmett focuses on owning and acquiring a
substantial share of top-tier office properties and premier
multifamily communities in neighborhoods that possess significant
supply constraints, high-end executive housing and key lifestyle
amenities. For more information about Douglas Emmett, please visit our website
at www.douglasemmett.com.
Safe Harbor Statement
Except
for the historical facts, the statements in this press release
regarding Douglas Emmett's business
activities are forward-looking statements based on the beliefs of,
assumptions made by, and information currently available to us
about known and unknown risks, trends, uncertainties and factors
that are beyond our control or ability to predict. Although we
believe that our assumptions are reasonable, they are not
guarantees of future performance and some will inevitably prove to
be incorrect. As a result, our actual future results can be
expected to differ from our expectations, and those differences may
be material. Accordingly, investors should use caution in
relying on forward-looking statements to anticipate future results
or trends. For a discussion of some of the risks and
uncertainties that could cause actual results to differ from those
contained in the forward-looking statements, see "Risk Factors" in
our Annual Report on Form 10-K filed with the U.S. Securities and
Exchange Commission.
Stuart McElhinney, Vice
President – Investor Relations
310.255.7751 smcelhinney@douglasemmett.com
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SOURCE Douglas Emmett, Inc.