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 (DEA) is a leading real estate investment trust (REIT) specializing in Class A commercial properties leased to U.S. government agencies. This page provides centralized access to official press releases, financial updates, and strategic developments impacting the company’s portfolio of mission-critical government facilities.
Investors and stakeholders will find detailed coverage of quarterly earnings, property acquisitions, and long-term lease agreements with federal entities. Our news collection serves as a reliable resource for tracking DEA’s performance in the niche government-leased real estate market, with updates on built-to-suit developments and portfolio expansion strategies.
Content spans operational milestones, including GSA lease renewals, data-driven acquisition strategies, and market positioning updates. All materials are sourced directly from the company and reputable financial publications to ensure accuracy.
Bookmark this page for streamlined access to DEA’s latest developments in government-leased commercial real estate. Regularly updated to reflect new corporate announcements and industry analysis.
Easterly Government Properties (NYSE: DEA) will release its second quarter 2024 financial results on July 31, 2024. The company will hold a conference call on the same day at 10:00 am Eastern time. The management will review the quarterly performance, discuss recent events, and answer questions. Interested parties can register to join the call, and a live audio webcast will be available on the company's Investor Relations website. A replay of the call will be accessible for up to twelve months post-event.
Easterly Government Properties (NYSE: DEA) announced a new $400 million revolving credit facility (Revolver) with an accordion feature allowing for additional lender commitments up to $250 million, totaling up to $650 million. The Revolver matures in June 2028 with two six-month extension options to June 2029. Borrowings will bear interest at Adjusted SOFR plus a spread of 1.20% to 1.80%, initially set at 1.35% due to the current leverage ratio. Funds will be used for acquisitions, development, and other corporate purposes. The previous revolving credit facility due to expire in July 2025 will be replaced by this new facility. Citibank, PNC Capital Markets, Truist Securities, and Wells Fargo Securities served as joint lead arrangers and bookrunners, with Citibank as the administrative agent.
Easterly Government Properties (NYSE: DEA) announced its participation in Nareit’s REITweek 2024 Investor Conference in New York, from June 4-5, 2024. The management team, including CEO Darrell Crate, President & COO Meghan Bavier, and CFO Allison Marino, will present on June 4 from 3-3:30 PM ET. The company will also engage in investor meetings during the conference. The presentation will be available via a live audio webcast on Easterly's Investor Relations website, with a replay accessible for 30 days. Easterly specializes in Class A commercial properties leased to the U.S. Government.
Easterly Government Properties (NYSE: DEA) announced a master note purchase agreement to issue $200 million in 9-year senior unsecured notes at a fixed rate of 6.56%. The issuance includes $150 million of Series A Senior Notes to be released on May 29, 2024, and $50 million of Series B Senior Notes to be issued on August 14, 2024, subject to customary closing conditions. The company emphasized its strong credit quality and investment-grade balance sheet, attributing the favorable pricing to investor confidence. These Senior Notes will not be registered under the Securities Act of 1933 and cannot be offered or sold without proper registration or exemption.
Easterly Government Properties (NYSE: DEA) has closed on a 49,420 square foot facility in Orlando, Florida, fully leased to the U.S. Immigration and Customs Enforcement (ICE) for 20 years, with the lease expiring in August 2040.
This acquisition is part of Easterly's strategy to expand its portfolio of mission-critical properties leased to the U.S. Government. The facility will support ICE's operations against narcotics smuggling, human trafficking, child exploitation, gang violence, money laundering, and other criminal activities in Central Florida.
This purchase brings Easterly's portfolio to 93 properties, totaling 9.1 million square feet. CEO Darrell Crate highlighted this acquisition as a step towards delivering stable and attractive returns for shareholders while supporting national security and public safety.
Easterly Government Properties, Inc. (NYSE: DEA) will participate in Wells Fargo's 27th Annual Real Estate Securities Conference, focusing on Class A commercial properties leased to the U.S. Government. The event will take place on May 9, 2024, in Amelia Island, Florida. Investors can access the presentation materials on the Company's Investor Relations website.
Easterly Government Properties, Inc. (NYSE: DEA) is acquiring two government facilities leased to the U.S. Department of Homeland Security in Orlando, Florida, further expanding its real estate portfolio. The acquisitions include the HSI facility with a 15-year lease and the ICE facility with a 20-year lease. The company has also raised its full-year 2024 Core FFO per share guidance to $1.15 - $1.17.
Easterly Government Properties, Inc. (NYSE: DEA) reported net income of $4.9 million for the first quarter of 2024, with Core FFO of $30.8 million. The company received an investment grade credit rating of BBB, extended a term loan, achieved a reduction in margin spreads, and secured a 20-year lease for a Federal courthouse in Flagstaff. The company also engaged in forward sales transactions and approved a cash dividend for shareholders.
FAQ
What is the current stock price of Easterly Govt Pptys (DEA)?
What is the market cap of Easterly Govt Pptys (DEA)?
