HIGHBuilt-inGeographic
Los Angeles County and Honolulu
“10-K Item 1A: 'All of our properties are located in Los Angeles County, California, and Honolulu, Hawaii'”
DEI · Concentration risk · 10-K extracted
Douglas Emmett (DEI) concentration risks
Updated
The most significant concentration Douglas Emmett discloses is Los Angeles County and Honolulu, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Douglas Emmett’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH1
MEDIUM0
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
LOWBuilt-inTenant
19.7%
legal industry tenants
“10-K Item 1A: 'as a percentage of our annualized base rental revenue for the stabilized portfolio, 19.7% of our tenants operated in the legal industry'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile is defined primarily by a geographic exposure: all properties are located in Los Angeles County, California, and Honolulu, Hawaii, a high-share concentration by disclosed size and structural in character. For a real estate investment trust, geographic concentration at this level is a deliberate strategic choice reflecting where the company's development expertise and asset base are anchored, rather than a transitory allocation. The practical implication is that the portfolio's performance is entirely tied to office and multifamily fundamentals in two specific high-cost coastal markets, with no diversification into other geographies to buffer against local conditions. The tenant industry exposure is more moderate. Legal industry tenants accounted for 19.7% of annualized base rental revenue for the stabilized portfolio, a low share by disclosed size and structural in character, reflecting the composition of the Los Angeles professional services occupier base. That figure suggests the portfolio is not heavily dependent on any single tenant industry, and a contraction in legal sector demand would affect a small portion of the revenue base. Together, the two disclosures present a simple profile: high geographic concentration in two coastal markets, with no dominant industry tenant concentration on top of it. The geographic exposure is the dominant axis; office leasing conditions in Los Angeles — vacancy rates, lease spreads, hybrid work trends, and local economic health — are the key variables investors should monitor. The low share from legal tenants means industry-specific tenant risk is not a primary concern in the profile as disclosed.
For the engine’s reasoning on DEI’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · REIT - Office
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| CDP | COPT Defense Properties | 2 | 2 | 1 | 5 |
| ARE | Alexandria Real Estate Equities | 2 | 0 | 0 | 2 |
| BXP | BXP, Inc. | 2 | 0 | 0 | 2 |
| CUZ | Cousins Properties Incorporated | 1 | 3 | 1 | 5 |
| DEI● | Douglas Emmett, Inc. | 1 | 0 | 1 | 2 |
| HIW | Highwoods Properties, Inc. | 1 | 0 | 1 | 2 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.