tiprankstipranks
Trending News
More News >

Easterly Government Properties Reports Q1 2025 Results

Easterly Government Properties Reports Q1 2025 Results

Easterly Government Properties Inc. ( (DEA) ) has released its Q1 earnings. Here is a breakdown of the information Easterly Government Properties Inc. presented to its investors.

Confident Investing Starts Here:

Easterly Government Properties, Inc. is a real estate investment trust (REIT) that specializes in the acquisition, development, and management of Class A commercial properties leased primarily to the U.S. Government and its partners. The company is based in Washington, D.C., and focuses on properties leased to mission-critical U.S. Government agencies.

In its first-quarter 2025 earnings report, Easterly Government Properties announced several key developments, including a new federal courthouse development project with a 20-year non-cancelable lease and an acquisition of a DC government facility with a nearly 12-year weighted average lease term (WALT). The company also raised the lower end of its 2025 guidance.

The company’s financial performance for the quarter ended March 31, 2025, included a net income of $3.3 million, or $0.07 per share, and Core Funds From Operations (Core FFO) of $33.1 million, or $0.73 per share. Easterly entered into a master note purchase agreement to issue $125 million in senior unsecured notes and raised approximately $40.9 million through its ATM program. Additionally, the company executed a reverse stock split and adjusted its dividend payout.

Easterly’s portfolio as of the end of the quarter comprised 100 operating properties, with a weighted average remaining lease term of 9.8 years. The company also secured a 20-year lease for a federal courthouse in Oregon and extended the maturity date of its 2016 Term Loan.

Looking ahead, Easterly Government Properties has raised its guidance for full-year 2025 Core FFO per share, reflecting management’s optimistic outlook on future growth opportunities. The company anticipates continued strategic acquisitions and development investments throughout the year.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App