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 (DEA) is a leading real estate investment trust (REIT) specializing in Class A commercial properties leased to U.S. government agencies. This page provides centralized access to official press releases, financial updates, and strategic developments impacting the company’s portfolio of mission-critical government facilities.
Investors and stakeholders will find detailed coverage of quarterly earnings, property acquisitions, and long-term lease agreements with federal entities. Our news collection serves as a reliable resource for tracking DEA’s performance in the niche government-leased real estate market, with updates on built-to-suit developments and portfolio expansion strategies.
Content spans operational milestones, including GSA lease renewals, data-driven acquisition strategies, and market positioning updates. All materials are sourced directly from the company and reputable financial publications to ensure accuracy.
Bookmark this page for streamlined access to DEA’s latest developments in government-leased commercial real estate. Regularly updated to reflect new corporate announcements and industry analysis.
Easterly Government Properties, Inc. (NYSE: DEA) has acquired a 489,316 square foot facility leased to the USCIS in Kansas City, Missouri. This acquisition, part of a robust pipeline, aligns with Easterly's strategy of managing Class A properties leased to the U.S. Government. The facility, which serves as the National Benefits Center, has a long-term lease with USCIS until 2042 and could extend to January 2045. Year-to-date, Easterly has invested approximately $286.8 million in nine properties, moving closer to its $300 million target for acquisitions in 2023.
Easterly Government Properties (NYSE: DEA) announced a joint venture aimed at acquiring a 1.2 million square foot portfolio of 10 properties, fully leased to the Department of Veterans Affairs, for approximately $635.6 million. The venture will close on a rolling basis by the end of 2023, with Easterly retaining a 53% stake. The properties are designed to fulfill vital medical services for over 7.2 million veterans and are expected to receive more than $174 million in upgrades. This strategic move enhances Easterly's growth and diversifies its capital structure.
Easterly Government Properties, Inc. (NYSE:DEA) will release its third quarter 2021 financial results on November 2, 2021. A conference call is scheduled for the same day at 11:00am Eastern time to discuss performance and recent events. The call can be accessed via the Investor Relations section of their website. Playback of the call will be available for ten business days after. Easterly focuses on Class A commercial properties leased to the U.S. Government, leveraging expertise in managing mission-critical facilities.
Easterly Asset Management has formed Maritime Logistics Equity Partners (MLEP) to capitalize on the projected
Easterly Government Properties (NYSE: DEA) announced the pricing of an underwritten public offering of 6,300,000 shares of common stock, with an option for underwriters to purchase an additional 945,000 shares. The offering is expected to close on August 16, 2021. RBC Capital Markets and BMO Capital Markets are leading the offering. The company has entered into forward sale agreements totaling 6,300,000 shares, with proceeds to be used for general corporate purposes. The offering is made under an effective shelf registration statement filed with the SEC.
Easterly Government Properties announced a public offering of 6,300,000 shares of its common stock, with underwriters granted an option for an additional 945,000 shares. The offering will involve forward sale agreements with Royal Bank of Canada and Bank of Montreal. The initial proceeds from this sale will not be received until future settlement, which is expected within a year. The proceeds, if any, will be utilized for general corporate purposes, including property acquisition and debt repayment. RBC Capital Markets and BMO Capital Markets are the joint book-running managers for this offering.
Easterly Government Properties, Inc. (NYSE: DEA) announced the appointment of Allison Marino as Senior Vice President and Chief Accounting Officer, effective August 9, 2021. Allison brings over ten years of experience in commercial real estate, previously serving as Vice President and Corporate Controller at Carr Properties. Her expertise in accounting will support Easterly's growth trajectory. The company focuses on acquiring, developing, and managing Class A commercial properties leased to U.S. Government agencies.
Easterly Government Properties reported a net income of $9.3 million, or $0.10 per share, for Q2 2021, with Funds from Operations (FFO) of $31.2 million ($0.33 per share). The company increased its 2021 FFO guidance to $1.30 - $1.32 per share, up from $1.28 - $1.30, based on a higher acquisition target of $300 million. Easterly issued a note purchase agreement for $250 million and completed acquisitions of government-leased properties worth $134 million. The company’s balance sheet showed total indebtedness of approximately $1 billion and maintained a sustainable dividend of $0.265, payable August 24, 2021.
Easterly Government Properties, Inc. (NYSE: DEA) announced an increase in its quarterly cash dividend to $0.265 per common share. This dividend will be payable on August 24, 2021, to shareholders of record on August 12, 2021. The firm specializes in acquiring, developing, and managing Class A commercial properties leased to U.S. Government agencies, leveraging its management team's expertise to meet the real estate needs of these agencies. For more details, visit their website.
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