Profile
Sector:
Real EstateIndustry:
OfficeCountry:
United StatesIPO:
06 February 2015Website:
http://www.easterlyreit.comNext earnings report:
27 February 2025Last dividends:
15 November 2024Next dividends:
N/APrice
regular market | 9 min agoAnalysts recommendations
Institutional Ownership
DEA Latest News
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.
The company has now entered undervalued territory, according to one pundit tracking its fortunes.
Aligned announces the appointment of Meghan Baivier as CFO. In addition, the company announces the transition of Anubhav Raj to Chief Investment Officer.
Easterly Government's buyout of a facility adjacent to the Wright-Patterson Air Force Base is likely to ensure a steady stream of rental revenues for a long period.
Easterly Government Properties focuses on high-quality, government-leased Class A properties, ensuring stable cash flows and high occupancy rates. DEA's recent acquisitions and quarterly performance indicate decent FFO growth potential, with a steady 8% dividend yield that appears safe. Despite balance sheet risks, DEA's valuation is compelling trading below REIT peers, and so it offers a significant buying opportunity.
GRANTS, NEW MEXICO, Aug. 23, 2024 (GLOBE NEWSWIRE) -- Bright Green Corporation (Nasdaq: BGXX) (“Bright Green” or the “Company”) today announced that it has signed a letter of intent to supply its DEA-approved marijuana extracts and plant-based psychedelics to Benuvia Operations, a FDA registered, DEA licensed and cGMP certified leader in pharmaceutical cannabinoids, as well as psychedelic molecules currently under investigation for clinical use.
GRANTS, NEW MEXICO, Aug. 21, 2024 (GLOBE NEWSWIRE) -- Bright Green Corporation (Nasdaq: BGXX) (“Bright Green” or the “Company”) today announced that it has signed a letter of intent to supply its DEA-approved marijuana extracts and plant-based psychedelics to Benuvia Operations, a FDA registered, DEA licensed and cGMP certified leader in pharmaceutical cannabinoids, as well as psychedelic molecules currently under investigation for clinical use.
What type of business is Easterly Government Properties?
Easterly Government Properties, Inc. (NYSE: DEA) is based in Washington, D.C., and focuses primarily on the acquisition, development and management of Class A commercial properties that are leased to the U.S. Government. Easterly's experienced management team brings specialized insight into the strategy and needs of mission-critical U.S. Government agencies for properties leased to such agencies either directly or through the U.S. General Services Administration (GSA).
What sector is Easterly Government Properties in?
Easterly Government Properties is in the Real Estate sector
What industry is Easterly Government Properties in?
Easterly Government Properties is in the Office industry
What country is Easterly Government Properties from?
Easterly Government Properties is headquartered in United States
When did Easterly Government Properties go public?
Easterly Government Properties initial public offering (IPO) was on 06 February 2015
What is Easterly Government Properties website?
https://www.easterlyreit.com
Is Easterly Government Properties in the S&P 500?
No, Easterly Government Properties is not included in the S&P 500 index
Is Easterly Government Properties in the NASDAQ 100?
No, Easterly Government Properties is not included in the NASDAQ 100 index
Is Easterly Government Properties in the Dow Jones?
No, Easterly Government Properties is not included in the Dow Jones index
When was Easterly Government Properties the previous earnings report?
No data
When does Easterly Government Properties earnings report?
The next expected earnings date for Easterly Government Properties is 27 February 2025