Easterly Govt Pptys Inc - DEA STOCK NEWS

Easterly Government Properties, a real estate investment trust focused on properties leased to the U.S. Government, reported net income of $4.4 million and Core FFO of $29.5 million for Q1 2023. The company paid off the outstanding mortgage balance on DEA-Pleasanton and entered into interest rate swaps. It also issued shares of common stock, raising net proceeds of approximately $52.4 million. The company expects to receive additional net proceeds of approximately $36.7 million from the sale of more shares. The Board of Directors approved a cash dividend of $0.265 per share for Q1 2023.

Easterly Government Properties, Inc. (NYSE: DEA) announced a quarterly cash dividend of $0.265 per common share, payable on May 23, 2023, to shareholders of record as of May 11, 2023. The company specializes in the acquisition, development, and management of Class A commercial properties leased to U.S. Government agencies. With a seasoned management team, Easterly emphasizes its commitment to meeting the needs of mission-critical government entities, working either directly or through the U.S. General Services Administration. This consistent dividend payout reflects the company's ongoing strategy and dedication to providing returns to its shareholders.

Easterly Government Properties, Inc. (NYSE: DEA) announced it will release its first quarter 2023 financial results on May 2, 2023. Following the results, a conference call will be held at 11:00am Eastern Time the same day, where management will discuss performance and recent developments. Analysts wishing to participate may register to receive dial-in details, and a live audio webcast will be available on the company's Investor Relations website.

The company specializes in acquiring and managing Class A commercial properties leased to the U.S. Government, utilizing a seasoned management team that understands the needs of critical government agencies. This upcoming financial update is crucial for investors monitoring DEA's performance.

Easterly Government Properties, Inc. (NYSE: DEA) announced its participation in the Citi 2023 Global Property CEO Conference on March 6, 2023, at 7:15 AM Eastern Time in Hollywood, Florida. The Company, focused on Class A commercial properties leased to the U.S. Government, will provide a live audio-webcast of the presentation on its Investor Relations website. A replay will be available until September 2, 2023. The Company aims to showcase its expertise in managing properties associated with mission-critical U.S. Government agencies, highlighting its strategic importance in the real estate investment sector.

Easterly Government Properties, Inc. (NYSE: DEA) reported its Q4 and full-year 2022 results, highlighting a net income of $18.4 million ($0.18/share) in Q4 and $35.6 million ($0.35/share) for the year. The company achieved Funds from Operations (FFO) of $30.9 million ($0.30/share) in Q4 and $129.7 million ($1.27/share) for the full year. Easterly sold a 10-property portfolio for approximately $205.3 million and acquired several properties, including a 257,294-sq ft VA facility in Phoenix. The company maintains a quarterly cash dividend of $0.265/share and has a portfolio primarily leased to the U.S. government, with 97% of income from federal sources.