Douglas Emmett, Inc. Announces Second Quarter Cash Dividend Declaration

Jun 01, 2007, 01:00 ET from Douglas Emmett, Inc.

    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
     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.