Easterly Govt Pptys Inc Stock Price, News & Analysis

Easterly Government Properties, Inc. (NYSE: DEA) will release its second quarter 2021 financial results on August 3, 2021. A conference call is scheduled for the same day at 10:00 AM EDT, where management will discuss the performance and recent developments. Investors can access the live call via the Investor Relations section of the company's website, and a replay will be available for ten business days thereafter. The company specializes in acquiring and managing Class A commercial properties leased to the U.S. Government.

Easterly Government Properties, Inc. (NYSE: DEA) has increased its 2021 FFO guidance to $1.30 - $1.32 per share, representing a $0.02 rise from prior estimates. The company expects net income per share for 2021 to be in the range of $0.30 - $0.32, compared to $0.15 in 2020. The growth is attributed to a projected acquisition volume increase to $300 million and development investments of up to $25 million. CEO William C. Trimble, III highlights a strong acquisition pipeline and confidence in accelerated growth for 2021.

Easterly Government Properties, Inc. (NYSE: DEA) announced its participation in Nareit’s REITweek 2021 Investor Conference, taking place virtually from June 8-10, 2021. The management team will present to registered institutional investors on June 8 at 3:00pm ET. Written materials for investors will be available during the Conference, with electronic copies accessible through the Company’s Investor Relations website. Easterly focuses on acquiring, developing, and managing Class A commercial properties leased to the U.S. Government.

Easterly Government Properties (NYSE: DEA) has acquired a 94,378 square foot facility in Kansas City, Missouri, leased to the National Weather Service. The facility, built in 1998 and renovated in 2020, is fully leased to the General Services Administration under a 15-year lease with renewal options extending to December 2038. This property serves as the Central Region Headquarters for the NWS and includes specialized features like a radar tower and advanced weather forecasting technology.

Easterly Government Properties (NYSE: DEA) announced a note purchase agreement to issue up to $250 million in fixed-rate senior unsecured notes. The offering includes two tranches: $50 million with a 2.62% interest rate due in 2028 and $150 million at 2.89% due in 2030. The average maturity of the notes is 8.5 years with a weighted average interest rate of 2.82%. This transaction aims to extend debt maturities and fund future acquisitions, reflecting strong cash flows backed by U.S. Government tenants.

Easterly Government Properties, Inc. (DEA) reported a net income of $7.9 million, or $0.09 per share, for Q1 2021, alongside FFO of $30.2 million ($0.33 per share). The company acquired a 176,550-square foot portfolio, enhancing its U.S. Government leased properties, with a total of 82 operating properties covering 7.5 million square feet. Easterly raised approximately $40 million through share issuance under its ATM Program. The Q1 2021 cash dividend is set at $0.26 per common share. The outlook for FFO per share for 2021 remains stable, projected between $1.28 - $1.30.

Easterly Government Properties (NYSE: DEA) has announced a quarterly cash dividend of $0.26 per common share. The dividend will be payable on May 26, 2021, to shareholders on record as of May 14, 2021. The company specializes in the acquisition and management of Class A commercial properties leased to U.S. Government agencies, providing investors with consistent income opportunities.

Easterly Government Properties, Inc. (NYSE: DEA) has acquired a 43,600 square foot United States Attorney’s Office facility in Springfield, Illinois. This property, constructed in 2002, is fully leased to the General Services Administration on behalf of the USAO with a secure 20-year lease expiring in March 2038. Strategically located adjacent to the U.S. District Courthouse, this acquisition aligns with Easterly's strategy to grow its portfolio of government-backed assets, contributing to its acquisition guidance of $200 million for 2021.

Easterly Government Properties, Inc. (NYSE: DEA) will release its first quarter 2021 financial results on May 4, 2021. A conference call is scheduled for the same day at 10:00 AM EDT, where the management team will discuss performance and recent events. Interested parties can listen via a live webcast on the Company’s Investor Relations page, with a replay available for ten business days. Easterly focuses on acquiring and managing Class A commercial properties leased to U.S. Government agencies.