Easterly Government Properties Announces Tax Characteristics of Its 2020 Distributions

Rhea-AI Summary

Easterly Government Properties, Inc. (NYSE: DEA) announced the tax characteristics of its 2020 distributions on common stock. The reporting will be conducted via Form 1099-DIV, and shareholders are advised to consult tax advisors for specific treatment. Key details include:

• Total dividend per share: $1.0400
• Ordinary taxable dividend: $0.5576
• Return of capital: $0.4824
• Section 199A dividend: $0.5576

This information is crucial for investors to understand the tax implications of their investments.

Positive

• Total dividend per share for 2020 was $1.0400, indicating a consistent payout to shareholders.
• A substantial portion of the distribution, $0.5576, is classified as an ordinary taxable dividend.

Negative

• It is unclear how these distributions may affect future dividend payouts or the company's cash flow.

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 2020 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)
3/5/2020		3/26/2020		$0.2600		$0.1394		$0.1206		$0.0000		$0.0000		$0.1394
5/14/2020		6/25/2020		$0.2600		$0.1394		$0.1206		$0.0000		$0.0000		$0.1394
8/13/2020		9/11/2020		$0.2600		$0.1394		$0.1206		$0.0000		$0.0000		$0.1394
11/11/2020		12/11/2020		$0.2600		$0.1394		$0.1206		$0.0000		$0.0000		$0.1394
Totals:				$1.0400		$0.5576		$0.4824		$0.0000		$0.0000		$0.5576
Percent of Total:				100.00%		53.63%		46.37%		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/20210120005699/en/

FAQ

What are the tax characteristics of DEA's 2020 distributions?

Easterly Government Properties reported the total dividend per share for 2020 as $1.0400, with an ordinary taxable dividend of $0.5576.

When were the dividends for DEA distributed in 2020?

The dividends were distributed on March 26, June 25, September 11, and December 11, 2020.

How much was the ordinary taxable dividend for DEA in 2020?

The ordinary taxable dividend for 2020 was $0.5576 per share.

What should DEA shareholders do regarding tax reporting?

Shareholders are encouraged to consult with their personal tax advisors for the specific tax treatment of these distributions.

What is the Section 199A dividend for DEA?

The Section 199A dividend for 2020 is reported as $0.5576.