Slide 1: Investor Overview September 30, 2025
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Slide 2: Douglas Emmett (DEI) Overview
Douglas Emmett (DEI) Overview Sharpshooter Focus & Best-in-Class Operating Platform Focused Strategy ✓ High barriers to entry reduce competitive pressures from new supply ✓ Proximity to premier housing markets attracts affluent tenants ✓ Small affluent tenants in diverse industries mitigate risk and
Slide 3: DEI Portfolio Snapshot
DEI Portfolio Snapshot Our Properties are Located in Premium Los Angeles and Honolulu Markets Office Portfolio Multifamily Portfolio Portfolio Total 18M SF / 78% of Total Annual Rent 4,410 Units / 22% of Total Annual Rent Annual Rent Honolulu L.A. Westside 1.2 M SF 1,904 Units 2 Properties 9 Propert
Slide 4: Douglas Emmett by the Numbers
Douglas Emmett by the Numbers Executive Tower ▪ Founded 54 years ago in 1971 Olympic Corridor ▪ Approximately 39% average market share of Class A office space in our regions ▪ Largest office landlord in Los Angeles and Honolulu ▪ Approximately 2,700 offices leases in our total portfolio, with a medi
Slide 5: Los Angeles and Honolulu Properties
Los Angeles - Westside @ 52 office properties & 11 residential properties Los Angeles - Valley @ 16 office properties Los Angeles PACIFIC OCEAN Venice Honolulu @ 2 office properties A 4 residential properties — 105; 110 Ve Waikiki PACIFIC OCEAN O
Slide 6: Highest Barriers to Entry & Lowest New Construction of Any Gateway Market
Highest Barriers to Entry & Lowest New Construction of Any Gateway Market Historical Office Construction Total New Supply Added as % of Existing Stock Since 2009 35% 32.8% 29.8% 30% 25% 20% 15.7% 15% 12.8% 10% 5% 3.0% 0% DEI San Francisco Midtown D.C. Boston Submarkets Manhattan New office developme
Slide 7: L.A.'s Heavy Traffic Limits Competition from Other Submarkets
L.A.’s Heavy Traffic Limits Competition from Other Submarkets Hollywood Holmby $1.6M Bel Air Hills Beverly Hills $7.6M $17.5M $7.1M Brentwood $5.6M Wilshire Blvd Westwood Century City Downtown Santa $702K Monica $5.4M Olympic Corridor Average Daily Round Trip Commute From 90 Westside Residential Nei
Slide 8: Limited New Supply Drives Consistent Rent Growth with Minimal Volatility
Limited New Supply Drives Consistent Rent Growth with Minimal Volatility ✓ Almost all of our office leases contain contractual annual rent increases of 3% to 5%, which: ▪ Protects our cash flow during downturns ▪ Can accelerate cash flow growth during expansions ▪ Allows us to lower starting rents d
Slide 9: Consistent Rent Growth through Three Down Cycles and Years
Consistent Rent Growth through Three Down Cycles and 28 Years 3.4% Compounded Annual Growth Over The Last 29 Years Average "Class A" Asking Rent per Year in Douglas Emmett West L.A. Submarkets 2019 Peak 19% above 2007 peak $70 2007 Peak $65 38% above 2000 peak 9 year Growth +50% $60 CAGR +5% $55 3 y
Slide 10: West Los Angeles Has the Best Long Term Growth and Less Volatility
West Los Angeles Has the Best Long Term Growth and Less Volatility Better Rent Growth Lower Volatility Risk Cumulative Rent Growth Since 1998* Average Peak to Trough Decline Since 1998* 126% 25% 115% 95% 90% 0% 75% 55% -4% 55% 35% -25% -18% 19% -26% -26% 15% -5% -50% -45% -1% San Boston Midtown D.C.
Slide 11: Small Affluent Tenants in Diverse Industries
Small Affluent Tenants in Diverse Industries Diverse Tenant Industry Mix Small Tenant Size Educational Services 3,000 2.1% Insurance Other 2,548 3.0% 5.5% Legal 2,500 96% 19.9% Median tenant size Tech 4.9% 2,000 of only 2,400 SF Number of Leases Retail 5.7% 1,500 Financial Services Accounting & 17.1
Slide 12: No Significant Large Tenant Rollover Risk
No Significant Large Tenant Rollover Risk Consistent Lease Expirations Schedule 50% At Sept 30, 2025 40% Comparable curve based on the average of prior three years (1) 30% 20% 10% 0% 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035+ (1) Average of the percentage of leases at September 30, 2022
Slide 13: Lower G&A and Tenant Turnover Costs
Lower G&A and Tenant Turnover Costs ✓ Our unsurpassed tenant service is a key advantage in handling a very large number of small, affluent tenants ✓ Our in-house leasing agents and lawyers execute about 3 office leases and 9 residential leases each business day ✓ Our average tenant moves into occupa
Slide 14: Premiere Multifamily Assets
Premiere Multifamily Assets ✓ We own 15 multifamily properties with 5,443 units in our Total Portfolio located in high-barrier premium markets in West Los Angeles and Honolulu ✓ Our apartment communities command premium rents and produce above average operating margins Efficient Management Premium P
Slide 15: Non Recourse Debt, Best Pricing from Lenders and Refinancing Flexibility
Non Recourse Debt, Best Pricing from Lenders and Refinancing Flexibility Our Approach The Results ✓ We only use property level, non-recourse debt without corporate ✓ We were one of only a few REITs which was not forced to issue or rating agency covenants dilutive equity during the global financial c
Slide 16: Our Sustainability Programs are Both Socially Responsible and Good Business
Our Sustainability Programs are Both Socially Responsible and Good Business Our long-term focus on energy savings has resulted in a very efficient portfolio. All of our buildings save energy through LED lighting, automated energy management systems and real time energy usage software. We continue to
Slide 17: Our Human Relationships are Our Most Valuable Assets
Our Human Relationships are Our Most Valuable Assets We strive to create an environment which honors our employees, tenants and vendors: Every new employee is given a copy of the Douglas Emmett Promises, a set of 15 key Our Promises commitments that we strive to embody each day. We insist that our d
Slide 18: Our Team Reflects Our Diverse Communities
Our Team Reflects Our Diverse Communities 100% Douglas Emmett Employees Local Labor Force* 75% 71% 71% 57% 54% 50% 46% 43% 38% 39% 29% 29% 25% 19% 12% 10% 7% 8% 3% 3% 0% 0% White (non Other Latino/Hispanic Asian Black or African All other races Two or more Female Male Latino/Hispanic) Races/Ethnicit
Slide 19: Highly Experienced Leadership Team
Highly Experienced Leadership Team Executive Management Officer Position Jordan L. Kaplan Chairman, President & CEO Kenneth M. Panzer Chief Operating Officer Peter D. Seymour Chief Financial Officer Kevin A. Crummy Chief Investment Officer Michele L. Aronson EVP, General Counsel and Secretary Board
Slide 20: Additional Information
Additional Information: Please contact Stuart McElhinney, Vice President-Investor Relations at (310) 255-7751 or via email at smcelhinney@douglasemmett.com Updates, financial information and additional property information can be obtained at www.douglasemmett.com. This profile is not intended to be