Easterly Government Properties, Inc. (NYSE:DEA) is based in Washington, D.C., and focuses primarily on the acquisition, development and management of Class A commercial properties that are leased to the U.S. Government. Easterly's experienced management team brings specialized insight into the strategy and needs of mission-critical U.S. Government agencies for properties leased to such agencies either directly or through the U.S. General Services Administration (GSA).
IPO Year: 2015
Exchange: NYSE
Website: easterlyreit.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/14/2024 | $13.00 → $15.00 | Hold → Buy | Jefferies |
| 8/16/2023 | $15.00 → $13.00 | Sector Perform → Underperform | RBC Capital Mkts |
| 3/28/2023 | $17.00 | Neutral → Buy | Compass Point |
| 12/16/2022 | $18.00 → $14.00 | Market Perform → Underperform | BMO Capital Markets |
| 12/14/2022 | $18.00 → $15.50 | Buy → Neutral | Citigroup |
| 11/3/2022 | $17.00 | Buy → Neutral | Compass Point |
| 1/10/2022 | Outperform → Market Perform | Raymond James | |
| 1/10/2022 | $25.00 | Buy → Hold | Jefferies |
| 1/7/2022 | $24.00 | Outperform → Market Perform | BMO Capital Markets |
| 10/15/2021 | $26.00 | Buy | Citigroup |
4 - Easterly Government Properties, Inc. (0001622194) (Issuer)
4 - Easterly Government Properties, Inc. (0001622194) (Issuer)
4 - Easterly Government Properties, Inc. (0001622194) (Issuer)
4 - Easterly Government Properties, Inc. (0001622194) (Issuer)
4 - Easterly Government Properties, Inc. (0001622194) (Issuer)
4 - Easterly Government Properties, Inc. (0001622194) (Issuer)
5 - Easterly Government Properties, Inc. (0001622194) (Issuer)
4 - Easterly Government Properties, Inc. (0001622194) (Issuer)
4 - Easterly Government Properties, Inc. (0001622194) (Issuer)
4 - Easterly Government Properties, Inc. (0001622194) (Issuer)
4 - Easterly Government Properties, Inc. (0001622194) (Issuer)
Easterly Government Properties, Inc. (NYSE:DEA) (the "Company" or "Easterly"), a fully integrated real estate investment trust ("REIT") focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government, today announced its results of operations for the quarter ended September 30, 2024. Highlights for the Quarter Ended September 30, 2024: Net income of $5.1 million, or $0.05 per share on a fully diluted basis Core FFO of $32.2 million, or $0.30 per share on a fully diluted basis Entered into a construction loan agreement to lend up to $52.1 million to a developer in connection with the re-development of an approximately 68,
Easterly Government Properties, Inc. (NYSE:DEA), a fully integrated real estate investment trust focused primarily on the acquisition, development and management of Class A commercial properties leased to U.S. Government agencies, announced today that its Board of Directors has approved a quarterly cash dividend of $0.265 per common share. The dividend will be payable on November 27, 2024 to shareholders of record on November 15, 2024. About Easterly Government Properties, Inc. Easterly Government Properties, Inc. (NYSE:DEA) is based in Washington, D.C., and focuses primarily on the acquisition, development and management of Class A commercial properties that are leased to the U.S. Govern
Easterly Government Properties, Inc. (NYSE:DEA) today announced that the Company will release its third quarter 2024 financial results on November 5, 2024. A conference call will be held Tuesday, November 5, 2024 at 11:00am Eastern time. The management team will review third quarter performance, discuss recent events and conduct a question-and-answer session. Attendees that would like to join the call and ask a question may register here to receive the dial-in numbers and unique PIN to access the call. There will also be a live audio, listen-only webcast of the call on the Investor Relations section of Easterly's Investor Relations website at ir.easterlyreit.com. Shortly after the call,
~ 100% leased, triple net asset with annual rent escalations ~ Easterly Government Properties, Inc. (NYSE:DEA) (the "Company" or "Easterly"), a fully integrated real estate investment trust focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government and its adjacent partners, announced today that it has acquired a 104,136 square foot facility 100% leased to Northrop Grumman Systems Corporation (NYSE:NOC, S&, P: BBB+))), a multinational aerospace and defense company, located in Aurora, Colorado ("Northrop Grumman - Aurora"). The facility, developed in 2002, was built-to-suit for TRW Inc., an aerospace and automotive corpor
~ 100% net leased asset with annual rent escalations ~ Easterly Government Properties, Inc. (NYSE:DEA) (the "Company" or "Easterly"), a fully integrated real estate investment trust focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government and its adjacent partners, announced today that it has acquired a 99,246 square foot facility 100% leased to Northrop Grumman Systems Corporation (NYSE:NOC, S&, P: BBB+))), a multinational aerospace and defense company and located in Beavercreek, Ohio, a suburb of Dayton ("Northrop Grumman - Dayton"). The build-to-suit facility has been occupied by Northrop Grumman since 2012 and in
Easterly Government Properties, Inc. (NYSE:DEA), a fully integrated real estate investment trust focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government, announced today that it has, through its joint venture ("JV"), completed the acquisition of the previously announced 193,100 leased square foot outpatient facility leased to the Department of Veterans Affairs (VA) located in Jacksonville, Florida ("VA - Jacksonville"). VA - Jacksonville is the final property to be acquired in the previously announced portfolio of 10 properties 100% leased to the VA under predominately 20-year firm term leases (the "VA Portfolio"). As
Easterly Government Properties, Inc. (NYSE:DEA) (the "Company" or "Easterly"), a fully integrated real estate investment trust ("REIT") focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government, today announced its results of operations for the quarter ended June 30, 2024. Highlights for the Quarter Ended June 30, 2024: Net income of $4.9 million, or $0.04 per share on a fully diluted basis Core FFO of $31.4 million, or $0.29 per share on a fully diluted basis Used $8.4 million of available cash to extinguish the mortgage note obligation on VA - Golden Executed a new $400.0 million senior unsecured revolving
Easterly Government Properties, Inc. (NYSE:DEA), a fully integrated real estate investment trust focused primarily on the acquisition, development and management of Class A commercial properties leased to U.S. Government agencies, announced today that its Board of Directors has approved a quarterly cash dividend of $0.265 per common share. The dividend will be payable on August 13, 2024 to shareholders of record on August 1, 2024. About Easterly Government Properties, Inc. Easterly Government Properties, Inc. (NYSE:DEA) is based in Washington, D.C., and focuses primarily on the acquisition, development and management of Class A commercial properties that are leased to the U.S. Governmen
Easterly Government Properties, Inc. (NYSE:DEA) today announced that it has adjusted the time for its second quarter 2024 earnings conference call to 11:00am Eastern time on Wednesday, July 31, 2024. This time is one hour later than previously announced. The Company will still release its second quarter 2024 financial results for the period ended June 30, 2024 on July 31, 2024. The management team will review second quarter performance, discuss recent events and conduct a question-and-answer session. Details for accessing the call remain unchanged. Attendees that would like to join the call and ask a question may register using the same link here to receive the dial-in numbers and uniqu
Easterly Government Properties, Inc. (NYSE:DEA) today announced that the Company will release its second quarter 2024 financial results on July 31, 2024. A conference call will be held Wednesday, July 31, 2024, at 10:00am Eastern time. The management team will review second quarter performance, discuss recent events and conduct a question-and-answer session. Attendees that would like to join the call and ask a question may register here to receive the dial-in numbers and unique PIN to access the call. There will also be a live audio, listen-only webcast of the call on the Investor Relations section of Easterly's Investor Relations website at ir.easterlyreit.com. Shortly after the call
Easterly Government Properties, Inc. (NYSE:DEA) (the "Company" or "Easterly"), a fully integrated real estate investment trust ("REIT") focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government and its adjacent partners, announced today that management will participate in investor meetings at Nareit's REITworld 2024 Annual Conference in Las Vegas, Nevada on November 19 - 20, 2024. Electronic copies of the written materials to be provided to investors in connection with the meetings can be found in the Presentation section of the Company's Investor Relations website at ir.easterlyreit.com. About Easterly Government Pro
Easterly Government Properties, Inc. (NYSE:DEA) (the "Company" or "Easterly"), a fully integrated real estate investment trust ("REIT") focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government, today announced its results of operations for the quarter ended September 30, 2024. Highlights for the Quarter Ended September 30, 2024: Net income of $5.1 million, or $0.05 per share on a fully diluted basis Core FFO of $32.2 million, or $0.30 per share on a fully diluted basis Entered into a construction loan agreement to lend up to $52.1 million to a developer in connection with the re-development of an approximately 68,
Easterly Government Properties, Inc. (NYSE:DEA), a fully integrated real estate investment trust focused primarily on the acquisition, development and management of Class A commercial properties leased to U.S. Government agencies, announced today that its Board of Directors has approved a quarterly cash dividend of $0.265 per common share. The dividend will be payable on November 27, 2024 to shareholders of record on November 15, 2024. About Easterly Government Properties, Inc. Easterly Government Properties, Inc. (NYSE:DEA) is based in Washington, D.C., and focuses primarily on the acquisition, development and management of Class A commercial properties that are leased to the U.S. Govern
Easterly Government Properties, Inc. (NYSE:DEA) today announced that the Company will release its third quarter 2024 financial results on November 5, 2024. A conference call will be held Tuesday, November 5, 2024 at 11:00am Eastern time. The management team will review third quarter performance, discuss recent events and conduct a question-and-answer session. Attendees that would like to join the call and ask a question may register here to receive the dial-in numbers and unique PIN to access the call. There will also be a live audio, listen-only webcast of the call on the Investor Relations section of Easterly's Investor Relations website at ir.easterlyreit.com. Shortly after the call,
~ 100% leased, triple net asset with annual rent escalations ~ Easterly Government Properties, Inc. (NYSE:DEA) (the "Company" or "Easterly"), a fully integrated real estate investment trust focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government and its adjacent partners, announced today that it has acquired a 104,136 square foot facility 100% leased to Northrop Grumman Systems Corporation (NYSE:NOC, S&, P: BBB+))), a multinational aerospace and defense company, located in Aurora, Colorado ("Northrop Grumman - Aurora"). The facility, developed in 2002, was built-to-suit for TRW Inc., an aerospace and automotive corpor
DALLAS, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Aligned Data Centers, a leading technology infrastructure company offering innovative, sustainable, and adaptive Scale Data Centers and Build-to-Scale solutions for global hyperscale and enterprise customers, today announced the appointment of Meghan Baivier as Chief Financial Officer (CFO). In addition, the company announced the transition of former CFO, Anubhav Raj, to Aligned's new Chief Investment Officer (CIO). Meghan Baivier Joins as Chief Financial Officer Ms. Baivier brings over 23 years of experience in finance and leadership to Aligned's senior leadership team. She will oversee the company's financial strategy and operations. Ms. Bai
~ 100% net leased asset with annual rent escalations ~ Easterly Government Properties, Inc. (NYSE:DEA) (the "Company" or "Easterly"), a fully integrated real estate investment trust focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government and its adjacent partners, announced today that it has acquired a 99,246 square foot facility 100% leased to Northrop Grumman Systems Corporation (NYSE:NOC, S&, P: BBB+))), a multinational aerospace and defense company and located in Beavercreek, Ohio, a suburb of Dayton ("Northrop Grumman - Dayton"). The build-to-suit facility has been occupied by Northrop Grumman since 2012 and in
Easterly Government Properties, Inc. (NYSE:DEA), a fully integrated real estate investment trust focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government, announced today that it has, through its joint venture ("JV"), completed the acquisition of the previously announced 193,100 leased square foot outpatient facility leased to the Department of Veterans Affairs (VA) located in Jacksonville, Florida ("VA - Jacksonville"). VA - Jacksonville is the final property to be acquired in the previously announced portfolio of 10 properties 100% leased to the VA under predominately 20-year firm term leases (the "VA Portfolio"). As
Easterly Government Properties, Inc. (NYSE:DEA) (the "Company" or "Easterly"), a fully integrated real estate investment trust ("REIT") focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government, announced today that management will participate in virtual investor meetings at the NYSE Real Estate Investor Access Day (the "NYSE Event") on August 8th. Darrell Crate, the Company's Chief Executive Officer, will be joined by Meghan Baivier, President & Chief Operating Officer, Allison Marino, Chief Financial Officer & Chief Accounting Officer, and Lindsay Winterhalter, Senior Vice President - Investor Relations & Operations (
Easterly Government Properties, Inc. (NYSE:DEA) (the "Company" or "Easterly"), a fully integrated real estate investment trust ("REIT") focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government, today announced its results of operations for the quarter ended June 30, 2024. Highlights for the Quarter Ended June 30, 2024: Net income of $4.9 million, or $0.04 per share on a fully diluted basis Core FFO of $31.4 million, or $0.29 per share on a fully diluted basis Used $8.4 million of available cash to extinguish the mortgage note obligation on VA - Golden Executed a new $400.0 million senior unsecured revolving
10-Q - Easterly Government Properties, Inc. (0001622194) (Filer)
8-K - Easterly Government Properties, Inc. (0001622194) (Filer)
8-K - Easterly Government Properties, Inc. (0001622194) (Filer)
8-K - Easterly Government Properties, Inc. (0001622194) (Filer)
424B5 - Easterly Government Properties, Inc. (0001622194) (Filer)
424B5 - Easterly Government Properties, Inc. (0001622194) (Filer)
10-Q - Easterly Government Properties, Inc. (0001622194) (Filer)
8-K - Easterly Government Properties, Inc. (0001622194) (Filer)
8-K - Easterly Government Properties, Inc. (0001622194) (Filer)
8-K - Easterly Government Properties, Inc. (0001622194) (Filer)
DALLAS, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Aligned Data Centers, a leading technology infrastructure company offering innovative, sustainable, and adaptive Scale Data Centers and Build-to-Scale solutions for global hyperscale and enterprise customers, today announced the appointment of Meghan Baivier as Chief Financial Officer (CFO). In addition, the company announced the transition of former CFO, Anubhav Raj, to Aligned's new Chief Investment Officer (CIO). Meghan Baivier Joins as Chief Financial Officer Ms. Baivier brings over 23 years of experience in finance and leadership to Aligned's senior leadership team. She will oversee the company's financial strategy and operations. Ms. Bai
William H. Binnie will assume Crate's current role as Chairman of the Board. The Board of Directors also appointed Meghan Baivier as President & COO, and Allison Marino as CFO & CAO Easterly Government Properties, Inc. (NYSE:DEA) (the "Company" or "Easterly"), a fully integrated real estate investment trust ("REIT") focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government, today announced that Darrell Crate, the Co-Founder and current Chairman of the Board, has been appointed as Chief Executive Officer (CEO), effective January 1, 2024. In connection with Mr. Crate's appointment, William C. Trimble, III will retire
Easterly Government Properties, Inc. (NYSE:DEA) (the "Company" or "Easterly"), a fully integrated real estate investment trust ("REIT") focused primarily on the acquisition, development and management of Class A commercial properties leased to U.S. Government agencies, today announced that Allison Marino has been appointed Senior Vice President and Chief Accounting Officer of the Company, effective August 9, 2021. "Allison's appointment as Senior Vice President and Chief Accounting Officer comes at an exciting time in Easterly's growth trajectory," commented Meghan G. Baivier, Easterly's Chief Financial and Operating Officer. "Allison's breadth of experience will be instrumental in guiding
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Jefferies upgraded Easterly Government Properties from Hold to Buy and set a new price target of $15.00 from $13.00 previously
RBC Capital Mkts downgraded Easterly Government Properties from Sector Perform to Underperform and set a new price target of $13.00 from $15.00 previously
Compass Point upgraded Easterly Government Properties from Neutral to Buy and set a new price target of $17.00
BMO Capital Markets downgraded Easterly Government Properties from Market Perform to Underperform and set a new price target of $14.00 from $18.00 previously
Citigroup downgraded Easterly Government Properties from Buy to Neutral and set a new price target of $15.50 from $18.00 previously
Compass Point downgraded Easterly Government Properties from Buy to Neutral and set a new price target of $17.00
Raymond James downgraded Easterly Government Props from Outperform to Market Perform
Jefferies downgraded Easterly Government Props from Buy to Hold and set a new price target of $25.00
BMO Capital Markets downgraded Easterly Government Properties from Outperform to Market Perform and set a new price target of $24.00
Citigroup resumed coverage of Easterly Government Properties with a rating of Buy and set a new price target of $26.00
The Drug Enforcement Administration (DEA) holds the key to the future of cannabis industry. The Minority Cannabis Business Association (MCBA) submitted a compelling public comment, advocating for the rescheduling of marijuana from Schedule I to Schedule III. This move, they argue, would significantly boost the cannabis industry, potentially creating over 50,000 jobs by 2030. This comment is one of over 39,000 posted on the DEA public commentary registry, with the deadline for submissions closing on Monday July 22. The report aligns with the Department of Justice’s (DOJ) call for detailed economic input on the rescheduling proposal, reported Marijuana Moment. Economic Impact Analysis
~ Close of federally leased facility with a 20-year term accelerates Easterly growth trajectory ~
~ Easterly increases its 2024 full year Core FFO per share guidance ~Easterly Government Properties, Inc. (NYSE:DEA) (the "Company" or "Easterly"), a fully integrated real estate investment trust focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government and its adjacent partners, announced today that it is acquiring a combined 77,260 square foot portfolio of two assets leased to the U.S. Department of Homeland Security (DHS) and both located in Orlando, Florida. In connection with the current and pending acquisition, the Company is increasing its guidance for full-year 2024 Core FFO per share on a fully diluted basis to a
Guidance This guidance is forward-looking and reflects management's view of current and future market conditions. The Company's actual results may differ materially from this guidance. Outlook for the 12 Months Ending December 31, 2024 The Company is maintaining its guidance for full-year 2024 Core FFO per share on a fully diluted basis at a range of $1.14 - $1.16. Low High Net income (loss) per share – fully diluted basis $ 0.22 0.24 Plus: Company's share of real estate depreciation and amortiza
Easterly Government Props (NYSE:DEA) reported quarterly earnings of $0.29 per share which beat the analyst consensus estimate of $0.28 by 3.57 percent. This is unchanged from the same period last year. The company reported quarterly sales of $72.800 which missed the analyst consensus estimate of $74.177 million by 100.00 percent. This is a 100.00 percent decrease over sales of $71.220 million the same period last year.
~ Easterly continues its growth trajectory by acquiring a federally leased facility that carries an inaugural 20-year term ~Easterly Government Properties, Inc. (NYSE:DEA) (the "Company" or "Easterly"), a fully integrated real estate investment trust focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government and its adjacent partners, announced today that it has acquired a 135,200 square foot facility primarily leased to the Office of the Chief Information Officer ("OCIO") and Office of Human Capital of the U.S. Immigration and Customs Enforcement (ICE), located near Dallas, Texas ("ICE - Dallas").ICE - Dallas is a 95% leas
Truist Securities analyst Michael Lewis maintains Easterly Government Props (NYSE:DEA) with a Hold and lowers the price target from $14 to $13.
Monday marks the last chance for investors to receive the next dividend payout from Easterly Government Props (NYSE:DEA). What's Happening The company announced on Wednesday that it would pay shareholders a quarterly dividend of 26.5 cents per share. On Tuesday, Easterly Government Props will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 26.5 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Tuesday. Shareholders who own DEA as of the end of Monday's session are eligible to receive
Outlook for the 12 Months Ending December 31, 2024 The Company is introducing its guidance for full-year 2024 Core FFO per share on a fully diluted basis at a range of $1.14 - $1.16. Low High Net income (loss) per share – fully diluted basis $ 0.22 0.24 Plus: Company's share of real estate depreciation and amortization $ 0.91 0.91 FFO per share – fully diluted basis $
Easterly Government Props (NYSE:DEA) reported quarterly FFO of $0.28 per share which met the analyst consensus estimate. This is a 3.45 percent decrease over FFO of $0.29 per share from the same period last year. The company reported quarterly sales of $72.62 million which missed the analyst consensus estimate of $73.60 million by 1.33 percent. This is a 1.21 percent decrease over sales of $73.51 million the same period last year.