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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. (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.
Easterly Government Properties, Inc. (NYSE: DEA) announced its participation in virtual investor meetings at the Capital One Securities Inaugural REIT Conference on January 11, 2021. The Company specializes in acquiring, developing, and managing Class A commercial properties leased to the U.S. Government. Investors can access written materials related to the meetings on the Company’s Investor Relations website.
Easterly is based in Washington, D.C. and offers specialized insight into the needs of U.S. Government agencies, partnering with the U.S. General Services Administration.
Easterly Government Properties, Inc. (NYSE: DEA) has acquired a 73,397-square foot U.S. District Courthouse in Jackson, TN, enhancing its portfolio of Class A commercial properties leased to the U.S. Government. The courthouse, which includes four courtrooms and is fully leased to the General Services Administration (GSA), plays a crucial role in the Western District of Tennessee's judicial system. The acquisition adds value as the facility is equipped with advanced security features and is strategically located, serving federal cases across 22 counties.
Easterly Government Properties (NYSE: DEA) has acquired a 149,110-square foot U.S. Department of the Interior (DOI) facility in Billings, Montana. This 100% leased property houses key DOI bureaus and features a 20-year non-cancelable lease expiring in April 2033. Built in 2013, it boasts LEED Gold certification and an ENERGY STAR score of 91. CEO William C. Trimble, III, expressed satisfaction in exceeding 2020 acquisition guidance and is optimistic about achieving the 2021 target.
Easterly Government Properties, Inc. (NYSE:DEA) announced its participation in the Jefferies 2020 Virtual Office & Industrial REIT Summit on December 8, 2020. This fully integrated real estate investment trust focuses on acquiring, developing, and managing Class A commercial properties leased to the U.S. Government. Investors can access the related written materials on the company’s Investor Relations website. Easterly’s management team specializes in understanding the property needs of mission-critical U.S. Government agencies.
Easterly Government Properties, Inc. (NYSE: DEA) has successfully acquired a 27,569-square-foot Clinical Center in Baton Rouge, Louisiana, leased to the U.S. Government. This facility is dedicated to Hansen's Disease, featuring a 20-year lease set to expire in July 2040. The acquisition aligns with Easterly's growth strategy and continues despite the COVID-19 pandemic. The U.S. Government remains a reliable tenant, maintaining all rental obligations. The HRSA Clinical Center will enhance essential healthcare services for vulnerable populations across the nation.
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