Easterly Government Properties

Easterly Government Properties, Inc. operates as a real estate investment trust. engages in the acquisition, development, and management of commercial properties that are leased to U.S. Government agencies. The company was founded on October 10, 2014 and is headquartered in Washington, DC.

Earnings data Q2 2023

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The new pariah of the commercial real estate sector, Office REITs, have remained in free-fall in recent months, plunging another 30% this year following a plunge of nearly 40% last year. Just how bad is it? The surge in interest rates has turned a weak-but-manageable situation into a bleak one, but there is more nuance than what the prevailing narrative would suggest.

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Most of Easterly Government Properties' lease income is backed by Uncle Sam. Enterprise Products Partners is close to becoming dividend royalty.

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Easterly Government Properties, Inc. (NYSE:DEA ) Q1 2023 Earnings Conference Call May 2, 2023 11:00 AM ET Company Participants Lindsay Winterhalter - Head, IR Darrell Crate - Chairman Bill Trimble - CEO Meghan Baivier - CFO & COO Conference Call Participants Michael Griffin - Citi Michael Carroll - RBC Operator Greetings. Welcome to the Easterly Government Properties First Quarter 2023 Earnings Conference Call.

Easterly Government Properties, Inc. (DEA) Q1 2023 Earnings Call Transcript

Easterly Government Properties (DEA) came out with quarterly funds from operations (FFO) of $0.29 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.33 per share a year ago.

Easterly Government Properties (DEA) Meets Q1 FFO Estimates

WASHINGTON--(BUSINESS WIRE)--Easterly Government Properties, Inc. (NYSE: DEA) (the “Company” or “Easterly”), a fully integrated real estate investment trust (“REIT”) focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government, today announced its results of operations for the quarter ended March 31, 2023. Highlights for the Quarter Ended March 31, 2023: Net income of $4.4 million, or $0.04 per share on a fully diluted basis Cor.

Easterly Government Properties Reports First Quarter 2023 Results

WASHINGTON--(BUSINESS WIRE)--Easterly Government Properties, Inc. (NYSE: DEA), a fully integrated real estate investment trust focused primarily on the acquisition, development and management of Class A commercial properties leased to U.S. Government agencies, announced today that its Board of Directors has approved a quarterly cash dividend of $0.265 per common share. The dividend will be payable on May 23, 2023 to shareholders of record on May 11, 2023. About Easterly Government Properties, I.

Easterly Government Properties Announces Quarterly Dividend

Easterly Government Properties' dividend yield is near historic highs at around 7.5%. The REIT owns a portfolio of properties largely leased to the U.S. government and government agencies.

Why Is Easterly Government Properties' Dividend Yield So High?

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Almost $1.5 trillion of U.S. commercial real estate debt comes due for repayment before the end of 2025. Most REITs are in good shape in terms of their balance sheets, but we are beginning to see more cracks in the foundation.

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WASHINGTON--(BUSINESS WIRE)--Easterly Government Properties, Inc. (NYSE: DEA), a fully integrated real estate investment trust focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government, is pleased to announce it has earned two important accolades in recognition of the Company's recent environmental sustainability and social responsibility achievements.

Easterly Government Properties Announces Recent Environmental Sustainability and Social Responsibility Achievements

Easterly Government Properties stock price has fallen significantly as interest rates have increased. The REIT's dividend yield of over 7.6% is near its highest level ever as a result.

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WASHINGTON--(BUSINESS WIRE)--Easterly Government Properties, Inc. (NYSE: DEA) today announced that the Company will release its first quarter 2023 financial results on May 2, 2023. A conference call will be held Tuesday, May 2, 2023 at 11:00am Eastern time. The management team will review first quarter performance, discuss recent events and conduct a question-and-answer session.

Easterly Government Properties Schedules First Quarter 2023 Earnings Release and Conference Call

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Easterly Government Properties touts itself as a unique Office REIT, unlike other office REITs that have been hit hard because it has tenants that are unlikely to default on rent payments. However, there are other risks to having a single customer (i.e. US government) that are unrelated to rental default, risks that other types of REITs do not experience.

Easterly Government Properties: Is The 7.71% Dividend Yield Safe?

WASHINGTON--(BUSINESS WIRE)--Easterly Government Properties, Inc. (NYSE: DEA) (the “Company” or “Easterly”), a fully integrated real estate investment trust (“REIT”) focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government, announced today that management will present at the Citi 2023 Global Property CEO Conference (the “Conference”) in Hollywood, Florida on Monday, March 6, 2023, at 7:15 AM Eastern Time.

Easterly Government Properties to Participate in the Citi 2023 Global Property CEO Conference

Easterly Government Properties has an interest in a portfolio of properties, leased primarily to the United States Government. Their properties are distinguished by full occupancy levels and long-duration leases to agencies serving essential functions.

Easterly Government Properties: Disappointing Guidance Outweighs The Attractive Dividend

Easterly Government Properties, Inc. (NYSE:DEA ) Q4 2022 Earnings Conference Call February 28, 2023 10:00 AM ET Company Participants Lindsay Winterhalter - Vice President, Investor Relations Darrell Crate - Chairman Bill Trimble - Chief Executive Officer Meghan Baivier - Chief Financial Officer & Chief Operating Officer Conference Call Participants Michael Griffin - Citi Peter Abramowitz - Jefferies Operator Greetings. Welcome to the Easterly Government Properties Fourth Quarter 2022 Earnings Conference Call.

Easterly Government Properties, Inc. (DEA) Q4 2022 Earnings Call Transcript

The following slide deck was published by Easterly Government Properties, Inc. in conjunction with their 2022 Q4 earnings call.

Easterly Government Properties, Inc. 2022 Q4 - Results - Earnings Call Presentation

Easterly Government Properties (DEA) delivered FFO and revenue surprises of -3.33% and 1.88%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Easterly Government Properties (DEA) Q4 FFO Lag Estimates

WASHINGTON--(BUSINESS WIRE)--Easterly Government Properties, Inc. (NYSE: DEA) (the “Company” or “Easterly”), a fully integrated real estate investment trust (“REIT”) focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government, today announced its results of operations for the quarter and full year ended December 31, 2022. Highlights for the Quarter Ended December 31, 2022: Net income of $18.4 million, or $0.

Easterly Government Properties Reports Fourth Quarter and Full Year 2022 Results

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WASHINGTON--(BUSINESS WIRE)--Easterly Government Properties, Inc. (NYSE: DEA) today announced that the Company will release its fourth quarter 2022 financial results on February 28, 2023. A conference call will be held Tuesday, February 28, 2023 at 10:00am Eastern time. The management team will review fourth quarter performance, discuss recent events and conduct a question-and-answer session.

Easterly Government Properties Schedules Fourth Quarter 2022 Earnings Release and Conference Call

Strong underlying businesses should keep these juicy dividends flowing.

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News for Easterly Government Properties Stock (DEA)