Easterly Government Properties Announces Tax Characteristics of Its 2022 Distributions

Rhea-AI Summary

Easterly Government Properties, Inc. (NYSE: DEA) has announced the tax characteristics of its 2022 distributions on common stock, detailed in Form 1099-DIV. Shareholders are advised to consult their tax advisors regarding the distributions. Key figures include a total distribution of $1.0600 per share, with ordinary taxable dividends totaling $0.5032 and return of capital at $0.5568. The record dates for these distributions spanned throughout 2022, with payment dates following shortly after each record date. The company specializes in Class A commercial properties leased to the U.S. Government, enhancing its stability amidst federal contracts.

Positive

• Total distributions for 2022 amounted to $1.0600 per share.
• Ordinary taxable dividends totaled $0.5032 per share.
• Return of capital was reported at $0.5568 per share.

Negative

• None.

WASHINGTON--(BUSINESS WIRE)-- Easterly Government Properties, Inc. (NYSE: DEA) (“Easterly” or the “Company”), 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, announced the tax characteristics of the 2022 distributions on its common stock. The tax reporting will be done on Form 1099-DIV and shareholders are encouraged to consult with their personal tax advisors as to the specific tax treatment of these distributions. The characteristics of the Company's distributions are as follows:

Distributions on Easterly Common Shares:
Record Date					Payment Date				Dividend Per Share				Ordinary Taxable Dividend				Return of Capital				Capital Gain				Unrecaptured Sec. 1250 Capital Gain				Section 199A Dividend (1)
3/10/2022					3/22/2022				$0.2650				$0.1258				$0.1392				$0.0000				$0.0000				$0.1258
5/13/2022					5/25/2022				$0.2650				$0.1258				$0.1392				$0.0000				$0.0000				$0.1258
8/11/2022					8/23/2022				$0.2650				$0.1258				$0.1392				$0.0000				$0.0000				$0.1258
11/11/2022					11/23/2022				$0.2650				$0.1258				$0.1392				$0.0000				$0.0000				$0.1258
Totals:									$1.0600				$0.5032				$0.5568				$0.0000				$0.0000				$0.5032
Percent of Total:									100.00%				47.48%				52.52%				0.00%				0.00%
(1) The amounts are included in the Ordinary Taxable Dividend amounts.

About Easterly Government Properties, Inc.

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 either directly to such agencies or through the U.S. General Services Administration (GSA). For further information on the Company and its properties, please visit www.easterlyreit.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230118005732/en/

Easterly Government Properties, Inc.

Lindsay S. Winterhalter

Supervisory Vice President, Investor Relations & Operations

202-596-3947

IR@easterlyreit.com

Source: Easterly Government Properties, Inc.

FAQ

What are the tax characteristics of Easterly Government Properties' 2022 distributions?

The 2022 distributions include a total of $1.0600 per share, with ordinary taxable dividends at $0.5032 and return of capital at $0.5568.

When were the record and payment dates for DEA's 2022 distributions?

Record dates for the 2022 distributions spanned throughout 2022, with corresponding payment dates occurring shortly after.

Who should shareholders consult regarding the tax treatment of DEA's distributions?

Shareholders are encouraged to consult with their personal tax advisors regarding the tax treatment of the distributions.

What type of properties does Easterly Government Properties focus on?

Easterly Government Properties focuses on the acquisition, development, and management of Class A commercial properties leased to the U.S. Government.