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Easterly Government Properties ( (DEA) ) has issued an update.
On January 14, 2025, Easterly Government Properties, Inc. announced an amendment to its senior unsecured term loan agreement, initially executed in 2016. The Ninth Amendment extends the loan’s maturity date to January 28, 2028, with potential extensions up to 2030, and increases the borrowing capacity from $150 million to $250 million. This strategic move, facilitated by the company’s strong banking relationships and superior credit profile, enhances its financial stability and supports its disciplined investment strategy. Additionally, Easterly has implemented an interest rate swap to fix the SOFR rate, providing greater certainty over interest rate exposure.
More about Easterly Government Properties
Easterly Government Properties, Inc., headquartered in Washington, D.C., is a real estate investment trust focusing on acquiring, developing, and managing Class A commercial properties leased to the U.S. Government and its partners. The company aims to be the partner of choice for U.S. Government agencies, leveraging its management team’s specialized insight into the strategy and needs of these agencies.
YTD Price Performance: -1.39%
Average Trading Volume: 1,348,778
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.18B
See more data about DEA stock on TipRanks’ Stock Analysis page.
