Easterly Govt Pptys Inc Stock Price, News & Analysis

Easterly Government Properties, Inc. (NYSE: DEA) is set to announce its fourth quarter 2020 financial results on February 24, 2021. A conference call will follow at 10:00 AM EST, where management will discuss performance, recent developments, and engage in a Q&A session. Interested participants can access the call via the Investor Relations section of the company’s website. A replay will be available for ten business days. Easterly specializes in acquiring, developing, and managing Class A commercial properties leased to the U.S. Government.

Easterly Government Properties, Inc. (NYSE: DEA) announced the tax characteristics of its 2020 distributions on common stock. The reporting will be conducted via Form 1099-DIV, and shareholders are advised to consult tax advisors for specific treatment. Key details include:

• Total dividend per share: $1.0400
• Ordinary taxable dividend: $0.5576
• Return of capital: $0.4824
• Section 199A dividend: $0.5576

This information is crucial for investors to understand the tax implications of their investments.

Easterly Government Properties, Inc. (NYSE: DEA) announced its participation in virtual investor meetings at the Capital One Securities Inaugural REIT Conference on January 11, 2021. The Company specializes in acquiring, developing, and managing Class A commercial properties leased to the U.S. Government. Investors can access written materials related to the meetings on the Company’s Investor Relations website.

Easterly is based in Washington, D.C. and offers specialized insight into the needs of U.S. Government agencies, partnering with the U.S. General Services Administration.

Easterly Government Properties, Inc. (NYSE: DEA) has acquired a 73,397-square foot U.S. District Courthouse in Jackson, TN, enhancing its portfolio of Class A commercial properties leased to the U.S. Government. The courthouse, which includes four courtrooms and is fully leased to the General Services Administration (GSA), plays a crucial role in the Western District of Tennessee's judicial system. The acquisition adds value as the facility is equipped with advanced security features and is strategically located, serving federal cases across 22 counties.

Easterly Government Properties (NYSE: DEA) has acquired a 149,110-square foot U.S. Department of the Interior (DOI) facility in Billings, Montana. This 100% leased property houses key DOI bureaus and features a 20-year non-cancelable lease expiring in April 2033. Built in 2013, it boasts LEED Gold certification and an ENERGY STAR score of 91. CEO William C. Trimble, III, expressed satisfaction in exceeding 2020 acquisition guidance and is optimistic about achieving the 2021 target.

Easterly Government Properties, Inc. (NYSE:DEA) announced its participation in the Jefferies 2020 Virtual Office & Industrial REIT Summit on December 8, 2020. This fully integrated real estate investment trust focuses on acquiring, developing, and managing Class A commercial properties leased to the U.S. Government. Investors can access the related written materials on the company’s Investor Relations website. Easterly’s management team specializes in understanding the property needs of mission-critical U.S. Government agencies.

Easterly Government Properties, Inc. (NYSE: DEA) has successfully acquired a 27,569-square-foot Clinical Center in Baton Rouge, Louisiana, leased to the U.S. Government. This facility is dedicated to Hansen's Disease, featuring a 20-year lease set to expire in July 2040. The acquisition aligns with Easterly's growth strategy and continues despite the COVID-19 pandemic. The U.S. Government remains a reliable tenant, maintaining all rental obligations. The HRSA Clinical Center will enhance essential healthcare services for vulnerable populations across the nation.

Easterly Government Properties, Inc. (NYSE: DEA) reported its Q3 2020 financial results, highlighting a net income of $4.8 million and funds from operations (FFO) of $28.3 million, or $0.31 per share. The company acquired a 76,112-square foot FBI field office in Mobile, Alabama, and completed a re-development of a FDA laboratory in Lenexa, Kansas with a new 20-year lease. The total indebtedness stood at $905.1 million with a weighted average interest rate of 3.7%. A dividend of $0.26 per share was approved for Q3 2020. The company increased its FFO guidance for 2020 to a range of $1.24 - $1.26 per share.

Easterly Government Properties, Inc. (NYSE: DEA) has announced that it will release its third quarter 2020 financial results on November 2, 2020. A conference call to discuss the quarterly performance and recent events will follow at 10:00 AM Eastern time. Investors can access the call via the company’s Investor Relations website. Dial-in details for participation have been provided for both domestic and international callers. A playback of the call will be available for ten business days post-event.