earnings
confidence high
sentiment negative
materiality 0.85
Easterly Q1 Core FFO $0.73; cuts dividend 32%, completes 1-for-2.5 reverse stock split
Easterly Government Properties, Inc.
2025-Q1 EPS reported
$0.07
revenue$78,675,000
- Net income $3.3M / $0.07 dil.; Core FFO $33.1M / $0.73 dil.
- Board cut quarterly dividend to $0.18 pre-split ($0.45 post-split), a 32% reduction from prior $0.265.
- Completed 1-for-2.5 reverse stock split; shares reduced from ~112.3M to ~44.9M, effective April 28.
- Awarded 20-year non-cancelable lease for Medford, OR federal courthouse; acquired 289,873 sq ft DC govt facility.
- Raised lower end of 2025 Core FFO guidance to $2.98-$3.03; issued $125M senior notes (6.13%/6.33%).