earnings
confidence high
sentiment neutral
materiality 0.65
Easterly Q1 Core FFO $0.29 per share; reaffirms FY2023 guidance $1.12-$1.15
Easterly Government Properties, Inc.
2023-Q1 EPS reported
$0.04
revenue$71,220,000
- Net income $4.4M ($0.04 diluted EPS); Core FFO $29.5M ($0.29 diluted).
- Paid off $15.7M mortgage on DEA-Pleasanton; entered three $100M SOFR interest rate swaps.
- Issued 2.559M shares at $20.46 raising $52.4M; expects $36.7M from 1.7M unsettled ATM shares.
- Declared Q1 dividend $0.265/share payable May 23, 2023.
- Portfolio 86 properties, 8.6M sq ft, 10.4 yr WALT; maintained FY2023 Core FFO guidance $1.12-$1.15.