Easterly Govt Pptys Inc Stock Price, News & Analysis

Easterly Government Properties, Inc. (NYSE: DEA) has been recognized as a 2022 Green Lease Leader by the U.S. Department of Energy's Better Buildings Alliance and the Institute for Market Transformation. The company achieved Silver Recognition for enhancing transparency in leases regarding energy and sustainability, tracking utility usage, and integrating renewable energy clauses. CEO William C. Trimble, III, emphasized that this award underscores Easterly's commitment to sustainability while striving to maximize shareholder value.

Easterly Government Properties (NYSE:DEA) has acquired a 161,730 square foot Federal Records Center for the National Archives in the Denver area. The facility, leased to the General Services Administration under a 20-year agreement, is designed to preserve critical federal documents. The acquisition included the issuance of 827,791 operating partnership units at $20.98 each. Year-to-date, Easterly has purchased properties worth approximately $44.3 million, expanding its portfolio to 91 properties totaling 8.8 million square feet.

Easterly Government Properties reported a net income of $8.3 million ($0.08 per share) for Q1 2022. Funds from Operations (FFO) reached $33.1 million ($0.33 per share). The company raised approximately $9.4 million by issuing 434,925 shares through its ATM Program. As of March 31, 2022, it owned 89 properties, mainly leased to the U.S. Government. The Company approved a cash dividend of $0.265 per share payable on May 25, 2022. Additionally, a share repurchase program for up to 4.5 million shares was authorized.

Easterly Government Properties, Inc. (NYSE: DEA) announced a new share repurchase plan authorizing the buyback of up to 4,538,994 shares, approximately 5% of its outstanding shares. This initiative, aimed at enhancing shareholder value, will be executed through various methods in accordance with SEC regulations. The timing and amount of repurchases will depend on market conditions and capital needs. Chief Financial and Operating Officer Meghan G. Baivier emphasized the importance of this strategy as part of the company’s commitment to capital allocation that drives shareholder value.

Easterly Government Properties, Inc. (NYSE: DEA) has announced a quarterly cash dividend of $0.265 per common share, payable on May 25, 2022, to shareholders recorded by May 13, 2022. The company specializes in acquiring, developing, and managing Class A commercial properties leased to U.S. Government agencies, leveraging its management team's expertise for mission-critical needs. This dividend reflects the company's commitment to shareholder returns amidst its strategic focus on government-based real estate.

Easterly Government Properties, Inc. (NYSE: DEA) announced its first quarter 2022 financial results will be released on May 3, 2022. The company will hold a conference call at 11:00 AM Eastern time on the same day to discuss performance and recent events, followed by a Q&A session. Interested parties can access the call via the Investor Relations section of the company's website. The company specializes in managing Class A commercial properties leased to the U.S. Government, focusing on mission-critical agency needs.

Easterly Government Properties, Inc. (NYSE: DEA) announced the acquisition of a 77,128 square foot outpatient facility in Birmingham, Alabama, leased to the Department of Veterans Affairs (VA). This property is part of a previously announced portfolio of 10 VA properties under 20-year leases. This acquisition marks the fifth property within this portfolio, contributing to Easterly's strategy of expanding its holdings in mission-critical government facilities. Year-to-date, the company has acquired properties totaling approximately $22 million, representing 15% of its anticipated acquisition volume of $145 million for the VA portfolio.

Easterly Government Properties, Inc. (NYSE: DEA) announced its participation in the Citi 2022 Global Property CEO Conference on March 7, 2022, at 2:45 PM ET in Hollywood, Florida. The event will feature a live audio-webcast available on the Company’s Investor Relations website, with a replay accessible until June 7, 2022. Easterly specializes in acquiring and managing Class A commercial properties leased to the U.S. Government, supported by a skilled management team experienced in addressing the needs of government agencies.

Easterly Government Properties, Inc. (NYSE: DEA) reported a successful 2021, achieving a net income of $34.0 million, or $0.36 per share. For Q4 2021, net income was $7.8 million, with Funds from Operations (FFO) of $31.8 million. The company formed a joint venture to acquire a 10-property VA Portfolio worth approximately $635.6 million. Additionally, Easterly raised $85.0 million from share issuance, increased its quarterly dividend to $0.265, and exceeded its acquisition target for the year.