Easterly Q3 FFO $0.32; guides 2022 FFO to $1.26-$1.28; sells 10-property portfolio for $205M

Easterly Government Properties, Inc.

2022-Q3 EPS reported $0.16 revenue$220,100,000

Q3 net income $0.7M ($0.01 diluted EPS); FFO $32.4M ($0.32 per share); CAD $28.5M.
Acquired VA outpatient facility in Columbus, GA (67,793 sqft) and U.S. District courthouse in Council Bluffs, IA (28,900 sqft).
Post-quarter, agreed to sell 10-property portfolio (~668k sqft) for $205.3M; nine closed Oct 27, one expected Dec 2022.
Lowered 2022 FFO guidance to $1.26-$1.28; declared Q3 dividend $0.265/share payable Nov 23.
Expects net proceeds of $92.5M from forward equity sales of 4.259M shares at $21.72.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Easterly Government Properties, Inc. reported the nine months ended September 30, 2022 results: net income $17.1 million, EPS $0.17 per share on a fully diluted basis.

Period: the nine months ended September 30, 2022
Net income: $17.1 million
EPS: $0.17 per share on a fully diluted basis
Result: reported results

Exact text from the filing

Net income of $17.1 million, or $0.17 per share on a fully diluted basis

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Easterly Government Properties, Inc. reported the quarter ended September 30, 2022 results: net income $0.7 million, EPS $0.01 per share on a fully diluted basis.

Period: the quarter ended September 30, 2022
Net income: $0.7 million
EPS: $0.01 per share on a fully diluted basis
Result: reported results

Exact text from the filing

Net income of $0.7 million, or $0.01 per share on a fully diluted basis

View on SEC.gov

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Easterly Government Properties, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-22-020693

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