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 (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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Easterly Government Properties, Inc. (NYSE: DEA) has acquired a 61,384 sq. ft. multi-tenanted facility in Cleveland, Ohio, leased to U.S. Government agencies. Key occupants include Immigration and Customs Enforcement (66% lease until August 2031), National Weather Service (15% lease until September 2040), and VNA Health Group (19% lease until December 2028 with renewal options). This acquisition is part of Easterly's strategy to reach a target of $300 million in acquisition volume for 2021, having already secured six properties valued at $134.2 million year-to-date.
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.
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