SANTA MONICA, Calif., June 1 /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 July 16, 2007 to shareholders of record as of June 29,
2007. On an annualized basis, the dividend represents a distribution of
$0.70 per common share.
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 47 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 the Company's business activities are forward-looking statements
based on the beliefs of, assumptions made by, and information currently
available to, the Company about known and unknown risks, trends,
uncertainties and factors that are beyond its control or ability to
predict. Although the Company believes that its assumptions are reasonable,
they are not guarantees of future performance and some will inevitably
prove to be incorrect. As a result, the Company's actual future results can
be expected to differ from its 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 any forward-looking statements, see "Risk Factors"
in the Company's filings with the Securities and Exchange Commission,
including its Annual Report on Form 10-K.
SOURCE Douglas Emmett, Inc.