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Easterly Government Properties, Inc. (DEA) reports developments for a fully integrated REIT that acquires, develops and manages Class A commercial properties leased primarily to the U.S. Government and its adjacent partners. News commonly covers quarterly operating results, Core FFO and cash available for distribution, property acquisitions, development completions, lease renewals and extensions, and portfolio lease-term metrics.
Company updates also include board-approved common dividends, financing activity such as mezzanine construction lending, investor conference participation and presentation materials. Its disclosures frame performance around a single real estate operating segment and a tenant base centered on government-related occupancy.
Easterly Government Properties, Inc. (NYSE: DEA) has announced the tax characteristics of its 2022 distributions on common stock, detailed in Form 1099-DIV. Shareholders are advised to consult their tax advisors regarding the distributions. Key figures include a total distribution of $1.0600 per share, with ordinary taxable dividends totaling $0.5032 and return of capital at $0.5568. The record dates for these distributions spanned throughout 2022, with payment dates following shortly after each record date. The company specializes in Class A commercial properties leased to the U.S. Government, enhancing its stability amidst federal contracts.
Easterly Government Properties, Inc. (NYSE: DEA) has completed the sale of its final asset from the previously announced Disposition Portfolio, totaling approximately 668,000 leased square feet for roughly $205.3 million. The final asset, occupied by the U.S. Department of the Interior in Billings, Montana, closed on December 28, 2022. Following this sale, Easterly now owns 86 properties with a total of 8.7 million square feet. This strategic divestiture allows Easterly to focus on mission-critical facilities leased to U.S. Government agencies, enhancing its long-term cash flow stability.
Easterly Government Properties, Inc. (NYSE: DEA) announced the acquisition of a 257,294 square foot outpatient facility in Phoenix, Arizona, leased to the Department of Veterans Affairs. This acquisition marks the completion of its largest asset in the previously announced VA Portfolio, fulfilling a $145 million pro rata joint venture acquisition target for 2022. To date, Easterly has acquired seven properties worth approximately $252.2 million, which includes $107.7 million in wholly owned and $144.5 million in joint venture acquisitions, contributing to a total of 87 properties spanning 8.9 million square feet.
Easterly Government Properties, Inc. (NYSE: DEA) announced its participation in investor meetings at Nareit’s REITworld 2022 Annual Conference in San Francisco, California, on November 16, 2022. The company, a real estate investment trust focused on Class A commercial properties leased to the U.S. Government, will provide electronic copies of written materials related to the meetings on its Investor Relations website. Easterly’s expertise lies in acquiring, developing, and managing properties for mission-critical U.S. Government agencies.
Easterly Government Properties (NYSE: DEA) reported Q3 2022 results with net income of $0.7 million ($0.01 per share) and FFO of $32.4 million ($0.32 per share). The company acquired significant properties including a VA outpatient facility in Columbus, GA, and a U.S. District courthouse in Council Bluffs, IA. As of September 30, 2022, they owned 95 properties across 9.1 million leased square feet, primarily leased to U.S. Government agencies. A cash dividend of $0.265 per share was approved for Q3, payable on November 23, 2022.
Easterly Government Properties, Inc. (NYSE: DEA) announced the sale of 10 government-leased properties, totaling approximately 668,000 square feet for $205.3 million. This transaction aligns with the company's bullseye strategy and is expected to improve its portfolio metrics, particularly increasing the weighted average lease term. The sale includes nine assets already completed on October 27, 2022, while one property, located in Billings, Montana, is set to close in late December 2022. Post-sale, Easterly will manage 85 properties covering 8.4 million square feet.
Easterly Government Properties, Inc. (NYSE: DEA) has announced a quarterly cash dividend of $0.265 per common share, payable on November 23, 2022, to shareholders of record on November 11, 2022. The company, based in Washington, D.C., specializes in the acquisition, development, and management of Class A commercial properties leased to U.S. Government agencies. This dividend declaration reflects the company's commitment to returning value to its shareholders.
Easterly Government Properties, Inc. (NYSE: DEA) will release its third quarter 2022 financial results on November 1, 2022. A conference call is scheduled for the same day at 11:00 AM Eastern time, where management will review performance, discuss recent events, and hold a Q&A session. The call can be accessed via the Investor Relations section of their website. Playback will be available for ten business days after the call. The company specializes in acquiring and managing Class A commercial properties leased to the U.S. Government.
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Easterly Government Properties, Inc. (NYSE:DEA) has acquired a 28,900 square foot U.S. District courthouse in Council Bluffs, Iowa, under a 20-year non-cancelable lease with the General Services Administration (GSA) expiring in 2041, featuring two five-year renewal options. This build-to-suit facility, completed in 2021, serves various government functions and enhances Easterly's portfolio, now totaling 95 properties with 9.1 million square feet. Year to date, the company has acquired properties worth approximately $179.1 million.