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) 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.
Easterly Government Properties (NYSE: DEA) has acquired a portfolio of three U.S. Government-leased properties totaling 176,550 square feet. The properties include the FBI field office in Knoxville, USAO facility in Louisville, and ICE office in Louisville. This strategic acquisition enhances Easterly's portfolio to 82 properties with 7.5 million leased square feet. The acquisition emphasizes mission-critical facilities with secure infrastructure, and FBI - Knoxville and USAO - Louisville have potential expansion space. The acquisition supports Easterly's growth and commitment to government leasing.
Easterly Government Properties, Inc. (NYSE: DEA) announced its participation in the Citi 2021 Global Property CEO Conference on March 9, 2021, at 4:15 PM ET. The event will be conducted virtually, and interested investors can access a live audio webcast on the Company's Investor Relations website. A replay will be available until June 5, 2021. Easterly focuses on acquiring and managing Class A commercial properties leased to U.S. Government agencies, leveraging its management team's specialized insights into the needs of these agencies.
Easterly Government Properties (NYSE: DEA) reported Q4 2020 results with a net income of $2.6 million ($0.03 per share) and FFO of $29.7 million ($0.32 per share). For the full year, net income rose 50% YoY to $13.5 million ($0.15 per share) with FFO at $111.3 million ($1.26 per share). Key acquisitions included a $251.4 million portfolio expansion and successful renewals of 220,842 square feet of leases. The company raised $18.6 million through its ATM program. An upcoming dividend of $0.26 per share was declared, payable March 17, 2021. 2021 guidance for FFO per share is set between $1.28 - $1.30.
Easterly Government Properties, Inc. (NYSE: DEA) has announced a quarterly cash dividend of $0.26 per common share, approved by the Board of Directors. This dividend will be payable on March 17, 2021 to shareholders of record as of March 5, 2021. Operating primarily in the acquisition, development, and management of Class A commercial properties leased to U.S. Government agencies, Easterly is based in Washington, D.C., and benefits from a specialized management team experienced in government property needs.
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