Welcome to our dedicated page for Easterly Government Properties news (Ticker: DEA), a resource for investors and traders seeking the latest updates and insights on Easterly Government Properties stock.
Easterly Government Properties, Inc. (symbol: DEA) is a specialized real estate investment trust (REIT) focusing on the acquisition, development, and management of Class A commercial properties. These properties are leased to U.S. government agencies, providing essential functions across the country. The company's revenue is predominantly generated through leasing agreements with these agencies, secured through the U.S. General Services Administration (GSA).
Easterly's multidisciplinary team brings a wealth of complementary skills and experience, crucial for driving its business and growth strategies. The company aims to expand its portfolio by pursuing attractive acquisition opportunities, developing built-to-suit properties for U.S. government use, and renewing existing leases at higher rates.
One of Easterly's key assets is its proprietary database, which tracks approximately 8,500 leases covering around 200 million rentable square feet. This database includes nearly every major U.S. government-leased property that aligns with the company's investment criteria, along with detailed ownership information.
Recent achievements include securing new leases and developing state-of-the-art facilities custom-built for government agencies. Financially, Easterly maintains a robust balance sheet and is well-positioned to capitalize on future growth opportunities.
Overall, Easterly Government Properties, Inc. plays a pivotal role in providing critical infrastructure to the U.S. government, ensuring the seamless execution of essential services.
Easterly Government Properties, Inc. (DEA) reported a net income of $7.9 million, or $0.09 per share, for Q1 2021, alongside FFO of $30.2 million ($0.33 per share). The company acquired a 176,550-square foot portfolio, enhancing its U.S. Government leased properties, with a total of 82 operating properties covering 7.5 million square feet. Easterly raised approximately $40 million through share issuance under its ATM Program. The Q1 2021 cash dividend is set at $0.26 per common share. The outlook for FFO per share for 2021 remains stable, projected between $1.28 - $1.30.
Easterly Government Properties (NYSE: DEA) has announced a quarterly cash dividend of $0.26 per common share. The dividend will be payable on May 26, 2021, to shareholders on record as of May 14, 2021. The company specializes in the acquisition and management of Class A commercial properties leased to U.S. Government agencies, providing investors with consistent income opportunities.
Easterly Government Properties, Inc. (NYSE: DEA) has acquired a 43,600 square foot United States Attorney’s Office facility in Springfield, Illinois. This property, constructed in 2002, is fully leased to the General Services Administration on behalf of the USAO with a secure 20-year lease expiring in March 2038. Strategically located adjacent to the U.S. District Courthouse, this acquisition aligns with Easterly's strategy to grow its portfolio of government-backed assets, contributing to its acquisition guidance of $200 million for 2021.
Easterly Government Properties, Inc. (NYSE: DEA) will release its first quarter 2021 financial results on May 4, 2021. A conference call is scheduled for the same day at 10:00 AM EDT, where the management team will discuss performance and recent events. Interested parties can listen via a live webcast on the Company’s Investor Relations page, with a replay available for ten business days. Easterly focuses on acquiring and managing Class A commercial properties leased to U.S. Government agencies.
Easterly Government Properties (NYSE: DEA) has acquired a portfolio of three U.S. Government-leased properties totaling 176,550 square feet. The properties include the FBI field office in Knoxville, USAO facility in Louisville, and ICE office in Louisville. This strategic acquisition enhances Easterly's portfolio to 82 properties with 7.5 million leased square feet. The acquisition emphasizes mission-critical facilities with secure infrastructure, and FBI - Knoxville and USAO - Louisville have potential expansion space. The acquisition supports Easterly's growth and commitment to government leasing.
Easterly Government Properties, Inc. (NYSE: DEA) announced its participation in the Citi 2021 Global Property CEO Conference on March 9, 2021, at 4:15 PM ET. The event will be conducted virtually, and interested investors can access a live audio webcast on the Company's Investor Relations website. A replay will be available until June 5, 2021. Easterly focuses on acquiring and managing Class A commercial properties leased to U.S. Government agencies, leveraging its management team's specialized insights into the needs of these agencies.
Easterly Government Properties (NYSE: DEA) reported Q4 2020 results with a net income of $2.6 million ($0.03 per share) and FFO of $29.7 million ($0.32 per share). For the full year, net income rose 50% YoY to $13.5 million ($0.15 per share) with FFO at $111.3 million ($1.26 per share). Key acquisitions included a $251.4 million portfolio expansion and successful renewals of 220,842 square feet of leases. The company raised $18.6 million through its ATM program. An upcoming dividend of $0.26 per share was declared, payable March 17, 2021. 2021 guidance for FFO per share is set between $1.28 - $1.30.
Easterly Government Properties, Inc. (NYSE: DEA) has announced a quarterly cash dividend of $0.26 per common share, approved by the Board of Directors. This dividend will be payable on March 17, 2021 to shareholders of record as of March 5, 2021. Operating primarily in the acquisition, development, and management of Class A commercial properties leased to U.S. Government agencies, Easterly is based in Washington, D.C., and benefits from a specialized management team experienced in government property needs.
Easterly Government Properties, Inc. (NYSE: DEA) is set to announce its fourth quarter 2020 financial results on February 24, 2021. A conference call will follow at 10:00 AM EST, where management will discuss performance, recent developments, and engage in a Q&A session. Interested participants can access the call via the Investor Relations section of the company’s website. A replay will be available for ten business days. Easterly specializes in acquiring, developing, and managing Class A commercial properties leased to the U.S. Government.
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.
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