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.