Welcome to our dedicated page for Easterly Government Properties news (Ticker: DEA), a resource for investors and traders seeking the latest updates and insights on Easterly Government Properties stock.
Easterly Government Properties, Inc. (DEA) reports developments for a fully integrated REIT that acquires, develops and manages Class A commercial properties leased primarily to the U.S. Government and its adjacent partners. News commonly covers quarterly operating results, Core FFO and cash available for distribution, property acquisitions, development completions, lease renewals and extensions, and portfolio lease-term metrics.
Company updates also include board-approved common dividends, financing activity such as mezzanine construction lending, investor conference participation and presentation materials. Its disclosures frame performance around a single real estate operating segment and a tenant base centered on government-related occupancy.
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.