Welcome to our dedicated page for Easterly Govt Pptys news (Ticker: DEA), a resource for investors and traders seeking the latest updates and insights on Easterly Govt Pptys stock.
Easterly Government Properties, Inc. (NYSE: DEA) is a Washington, D.C.-based real estate investment trust that focuses primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government and its adjacent partners. The DEA news page on Stock Titan aggregates company announcements, earnings releases, transaction updates, and other disclosures that reflect how this government‑oriented REIT manages its portfolio and capital structure.
Investors following DEA news can review quarterly and annual financial results, including updates on Funds From Operations (FFO), Core Funds From Operations (Core FFO), Cash Available for Distribution (CAD), and other non‑GAAP metrics that Easterly uses to describe operating performance and dividend‑funding capacity. Earnings releases also detail portfolio statistics, such as the number of operating properties, leased square footage, tenant mix across federal, state, local government and private tenants, and weighted average lease terms.
Company news frequently covers acquisitions of new properties leased primarily to U.S. Government tenant agencies, state or local government entities, and select private tenants, as well as land purchases and long‑term leases for build‑to‑suit developments like federal courthouses and crime laboratories. Filings and press releases also describe capital markets activity, including amendments to senior unsecured term loans, changes to revolving credit facilities, and the use of at‑the‑market equity programs.
DEA news items may include credit rating actions, such as affirmations of investment grade ratings with supporting commentary on tenant credit quality and lease duration, as well as announcements of quarterly dividends and participation in real estate and REIT investor conferences. For investors and analysts tracking government‑leased real estate, this news feed provides a centralized view of Easterly’s operating performance, portfolio evolution, and financing decisions over time.
Easterly Government Properties, Inc. (DEA) reported net income of $8.1 million ($0.08/share) for Q2 2022, with FFO of $33.4 million ($0.33/share). The company acquired multiple properties, including a mental health clinic and a Federal Bureau of Investigation office, expanding its portfolio to 93 properties across 9 million leased square feet. The share repurchase program allows for the buyback of 4.5 million shares. The Board declared a $0.265 dividend payable on August 23, 2022. As of June 30, 2022, the company had $1.3 billion in debt and plans to generate $92.5 million from upcoming settlements.
Easterly Government Properties, Inc. (NYSE: DEA) announced a quarterly cash dividend of $0.265 per common share, payable on August 23, 2022, to shareholders of record on August 11, 2022. As a real estate investment trust, DEA focuses on acquiring and managing Class A commercial properties leased to U.S. Government agencies. The dividend reflects the company’s commitment to returning value to its shareholders while supporting the operational needs of the government.
Easterly Government Properties (NYSE: DEA) has completed the acquisition of a 67,793 square foot outpatient facility in Columbus, Georgia, leased to the Department of Veterans Affairs (VA). This marks the seventh of ten properties acquired in the VA Portfolio, which comprises 1,214,165 square feet in total. CEO William C. Trimble III stated that the firm is on track to meet its pro rata joint venture acquisition target of $145 million for 2022, having already acquired properties worth approximately $164.1 million year-to-date.
Easterly Government Properties, Inc. (NYSE: DEA) announced the release of its second quarter 2022 financial results on August 2, 2022. A conference call will follow at 11:00am Eastern time on the same day, where management will review performance and discuss recent developments. Investors can access the call via the company's Investor Relations website, with a playback available through August 16, 2022.
Easterly Government Properties, Inc. (NYSE: DEA) announced its participation in Nareit’s REITweek 2022 Investor Conference in New York, scheduled for June 7, 2022, at 8:45 AM ET. The Company will also hold investor meetings on June 7-8, 2022. A live audio-webcast of the presentation will be accessible on the Company’s Investor Relations website. Additionally, materials from the Conference will be available on their website prior to the event. Easterly focuses on acquiring, developing, and managing Class A commercial properties leased to the U.S. Government.
Easterly Government Properties, Inc. (NYSE: DEA) has successfully acquired a 76,882 square foot outpatient facility in Marietta, Georgia, leased to the Department of Veterans Affairs, marking the sixth addition to its VA Portfolio. This acquisition aligns with Easterly's strategy of steadily increasing its holdings in Class A commercial properties leased to the U.S. Government. YTD, Easterly has acquired four properties totaling approximately $145.8 million, now owning 93 properties covering 9.0 million square feet.
Easterly Government Properties, Inc. (NYSE: DEA) has acquired a 138,000 square foot FBI field office in Tampa, Florida, which is fully leased to the General Services Administration until November 2040. This acquisition strengthens Easterly's position as the largest private owner of FBI field offices in the U.S., now owning 13 of 56 nationwide. The year-to-date acquisitions total approximately $114.7 million across three properties. The Tampa office enhances security features required for FBI operations and indicates Easterly's ongoing commitment to its government-focused investment strategy.
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.
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