A real estate investment trust that owns office and apartment buildings concentrated in the supply-constrained coastal neighborhoods of Los Angeles and Honolulu, renting to small, affluent businesses and residents. Founded in 1971 by Dan Emmett and Jon Douglas, the company takes its name from those two last names — and though it sounds like one person, no "Douglas Emmett" ever existed; the public even mistakenly calls co-founder Dan "Doug." Today it ranks among the largest office landlords in its home markets.
Douglas Emmett shareholders approve 2026 Omnibus Stock Incentive Plan at annual meeting
The plan was adopted by the board on April 8, 2026, and became effective at the annual meeting; no further grants will be made under the 2016 plan.
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At the May 28, 2026 annual meeting, shareholders approved the 2026 Omnibus Stock Incentive Plan, authorizing up to 15 million shares of common stock.
All eight director nominees were elected to serve until the 2027 annual meeting, with votes ranging from 41.1 million (Shirley Wang) to 136.1 million (Andy Cohen) in favor.
Shareholders ratified Ernst & Young LLP as independent auditor for 2026 with 144.96 million votes for and 4.54 million against.
The non-binding advisory vote on 2025 named executive officer compensation was nearly split: 68.21 million for and 68.20 million against.
The 2026 Omnibus Stock Incentive Plan was approved with 96.26 million votes for and 40.17 million against.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 5.07 Submission of Matters to a Vote of Security Holders · 9.01 Financial Statements and Exhibits
Douglas Emmett elects Andy Cohen to board; Leslie Bider to retire at annual meeting
The board size increased from 8 to 9 due to Cohen's election, and will decrease back to 8 after the annual meeting.
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Leslie E. Bider will not stand for re-election and will retire as a director, with his term ending at the annual meeting on May 28, 2026.
Andy Cohen was elected to the board effective April 8, 2026, with a term ending at the annual meeting.
Cohen is Global Co-Chair of Gensler, which received approximately $2.0 million from Douglas Emmett in 2025 for services.
Cohen will receive an annual retainer of $220,000 in LTIPs, prorated for service through the annual meeting.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits
Douglas Emmett appoints COO Kenneth M. Panzer as President, effective December 4, 2025
Jordan L. Kaplan will cease to serve as President but remains Chairman and CEO, with his compensation arrangements unchanged.
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Kenneth M. Panzer, Chief Operating Officer, was appointed President of Douglas Emmett, Inc., effective December 4, 2025, and will serve as both President and COO.
No changes were made to Panzer's compensation in connection with the appointment, and no family relationships or material interests in transactions were disclosed.
The appointment was approved by the board on December 4, 2025, and the 8-K was filed on December 10, 2025.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Douglas Emmett reports Q2 2025 net loss of $6M, FFO per share $0.37
Q2 2025 revenues were $252 million, up from $246 million in Q2 2024.
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Net loss attributable to common stockholders was $6 million, versus net income of $11 million in Q2 2024.
FFO per fully diluted share was $0.37, down from $0.46 in Q2 2024; AFFO was $54 million, down from $74 million.
Same Property Cash NOI was $151 million, down from $152 million; excluding property tax refunds in the prior-year period, growth would be slightly positive.
2025 guidance: net income per diluted share between $0.07 and $0.11; FFO per fully diluted share narrowed to $1.43–$1.47.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits