earnings
confidence high
sentiment positive
materiality 0.75
Easterly Govt Properties Q2 net income $4.9M; Core FFO $0.29/sh; maintains FY2024 guidance $1.15-1.17
Easterly Government Properties, Inc.
2024-Q2 EPS reported
$0.09
revenue$149,021,000
- Net income $4.9M ($0.04 diluted EPS); Core FFO $31.4M ($0.29 diluted). Full-year Core FFO guidance maintained at $1.15-$1.17/sh.
- Acquired four government-leased properties: ICE-Dallas (135,200 sf), HSI-Orlando (27,840 sf), ICE-Orlando (49,420 sf), and land for Flagstaff courthouse.
- Entered new $400M revolver with accordion up to $700M; issued $150M of $200M senior unsecured notes at 6.56% due 2033.
- Dividend of $0.265/sh declared, payable Aug 13 to holders of record Aug 1.
- Settled 589,647 shares via ATM at $13.40 for $7.9M; subsequent to quarter, new forward sales for 400,000 shares at $13.14.