Douglas Emmett, Inc. Announces First Quarter Cash Dividend Declaration and Dates for Its Annual Stockholders' Meeting

    SANTA MONICA, Calif., March 14 /PRNewswire-FirstCall/ -- Douglas
 Emmett, Inc. (NYSE:   DEI), a real estate investment trust (REIT) whose
 primary focus is owning and acquiring top-tier office properties and
 multifamily communities within targeted submarkets, announced today that
 its Board of Directors has approved a $0.175 per share quarterly cash
 dividend, which will be payable on April 16, 2007 to shareholders of record
 as of March 30, 2007. On an annualized basis, the dividend represents a
 distribution of $0.70 per common share.
     In addition, Douglas Emmett's Board of Directors has declared that its
 Annual Meeting of Shareholders will be held on Thursday, May 31, 2007 at
 9:30 a.m. (PDT) at The Loews Santa Monica Beach Hotel, located at 1700
 Ocean Avenue, Santa Monica, California 90401. Shareholders of record as of
 April 2, 2007 will be entitled to vote at the meeting.
     About Douglas Emmett, Inc.
     Douglas Emmett, Inc. (NYSE:   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 targeted submarkets in California and
 Hawaii. The Company's property portfolio currently consists of 46 office
 properties with approximately 11.6 million rentable square feet, nine
 multifamily properties with a total of 2,868 units, and interests in three
 land parcels. For more information on Douglas Emmett, please visit the
 Company's Web site at http://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 past forward-looking statements
 to anticipate future results or trends. For a discussion of some of the
 risks and uncertainties which could cause actual results to differ from
 those contained in the forward-looking statements, see "Risk Factors" in
 the Company's filings with the Securities and Exchange Commission,
 including its Registration Statement on Form S-11.
 
 

SOURCE Douglas Emmett, Inc.

More by this Source


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.