The government-focused REIT posted a clean beat with revenue of $92.42 million and Core FFO per share jumping to $0.78 from $0.74 a year ago, prompting management to raise full-year guidance and hold its dividend steady at $0.45 per share. The 98% occupied portfolio of 106 properties underscores the stability of long-term government leases anchoring a modest earnings surprise.
Easterly Government Properties :
DEA
DEA
Stock Data
$24.94
$0.05 (0.20%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
REAL ESTATE
Industry
REIT - OFFICE
Easterly Government Properties Inc, headquartered in Washington, D.C., specializes in owning, developing, and managing Class A commercial properties. These properties are primarily leased to the U.S. Government, making them mission-critical assets. With a focus on serving the unique needs of U.S. Government agencies, Easterly leverages its experienced management team's expertise to ensure these properties meet the stringent requirements of their government tenants, often through leases managed by the U.S. General Services Administration (GSA).
Latest Activity
All Easterly Government Properties Articles
2 Articles