Easterly Government Properties (DEA) Stock

RESTON, Va. , Dec. 30, 2024 /PRNewswire/ -- V2X, Inc. (NYSE: VVX) is proud to announce the award of a $170 million contract to continue its critical support of the Drug Enforcement Administration's (DEA) fleet of over 100 aircraft.

Easterly Government Properties, Inc.'s 9% dividend yield appears sustainable, with a clear path to full CAD coverage within 24 months through rent escalators and strategic acquisitions. The stock's decline is due to misclassification with troubled office REITs and overblown fears of government spending cuts. DEA's long-term government leases and decentralized property locations mitigate risks, suggesting a potential 50% upside as market fears subside.

Easterly Government Properties is a REIT focused on Class A properties leased to U.S. government agencies, offering stable cash flows and rent growth. DEA's Q3'24 results reaffirm my confidence with strong cash flow, disciplined FFO growth, and strategic acquisitions in government-adjacent sectors, despite a 12% share price dip. DEA's resilient lease portfolio, high-credit tenants, and focus on mission-critical assets provide stability, making it a compelling value with an 8.9% dividend yield.

I discuss two high-yield stocks: TriplePoint Venture Growth (17.4%) and Easterly Government Properties (8.4%), suitable for risk-tolerant income investors. TriplePoint Venture Growth has shown portfolio improvements and reduced debt, despite recent dividend cuts and declining investment income. Easterly Government Properties has maintained its dividend, achieved FFO and revenue growth, and has a solid acquisition pipeline despite a high leverage ratio.

DEA's buyout of the Internal Revenue Service industrial facility in Ogden is likely to ensure a steady stream of rental revenues for a long period.

Easterly Government Properties is poised to benefit from President-elect Trump's second term due to potential increased government and defense spending. Despite elevated payout ratios and economic uncertainties, DEA has shown solid growth in core FFO, revenue, and acquisitions in 2024. DEA's valuation is attractive at a forward multiple of 11.65x, with potential upside if they deliver on growth expectations and interest rates decline.

Easterly Government Properties, Inc. (NYSE:DEA ) Q3 2024 Earnings Conference Call November 5, 2024 11:00 AM ET Company Participants Lindsay Winterhalter - SVP, IR Darrell Crate - President & CEO Allison Marino - CFO Conference Call Participants Michael Griffin - Citi Peter Abramowitz - Jefferies Aditi Balachandran - RBC Capital Markets Michael Lewis - Truist Securities Operator Greetings. Welcome to the Easterly Government Properties Third Quarter 2024 Earnings Conference Call.

Easterly Government Properties (DEA) came out with quarterly funds from operations (FFO) of $0.30 per share, beating the Zacks Consensus Estimate of $0.29 per share. This compares to FFO of $0.29 per share a year ago.

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 September 30, 2024. Highlights for the Quarter Ended September 30, 2024: Net income of $5.1 million, or $0.05 per share on a fully diluted b.