Easterly Government Properties reports FY2023 Core FFO $1.14/share; guides FY2024 to $1.14-$1.16

Easterly Government Properties, Inc.

2023-FY EPS reported $0.19 revenue$287,227,000

Q4 net income $4.8M ($0.04 diluted EPS); full-year net income $21.1M ($0.20 diluted EPS).
Full-year 2023 Core FFO $120.1M ($1.14/share); FY2024 Core FFO guidance $1.14-$1.16/share.
Acquired four properties in 2023 for pro rata ~$80.4M; quarterly dividend maintained at $0.265/share.
Darrell W. Crate appointed CEO effective Jan 1, 2024 (planned retirement of William C. Trimble III).
Received BBB/Stable investment grade rating from KBRA; extended $100M term loan to Jan 2025.

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 quarter ended December 31, 2023 results: net income Net income of $4.8 million, EPS $0.04 per share on a fully diluted basis.

Period: the quarter ended December 31, 2023
Net income: Net income of $4.8 million
EPS: $0.04 per share on a fully diluted basis
Result: reported results

Exact text from the filing

Net income of $4.8 million, or $0.04 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 year ended December 31, 2023 results: net income Net income of $21.1 million, EPS $0.20 per share on a fully diluted basis.

Period: the year ended December 31, 2023
Net income: Net income of $21.1 million
EPS: $0.20 per share on a fully diluted basis
Result: reported results

Exact text from the filing

Net income of $21.1 million, or $0.20 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 0000950170-24-020610

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