earnings
confidence high
sentiment neutral
materiality 0.75
Easterly Government Properties reports Q1 Core FFO $0.29; maintains FY guidance $1.14-$1.16
Easterly Government Properties, Inc.
2024-Q1 EPS reported
$0.04
revenue$72,800,000
- Q1 net income $4.9M ($0.05 diluted EPS); Core FFO $30.8M ($0.29 per share).
- Received BBB/Stable investment grade rating from Kroll Bond Rating Agency.
- Awarded 20-year lease for 50,777 sq ft Federal courthouse in Flagstaff, AZ (net zero).
- Acquired 135,200 sq ft ICE-Dallas facility (95% leased, 13.3yr WALT).
- Maintained FY2024 Core FFO guidance $1.14-$1.16; dividend $0.265/share payable May 21.