secwatch.observer — SEC 8-K summary
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Issuer:     Easterly Government Properties, Inc. (DEA)
CIK:        0001622194
Form:       8-K
Filed at:   2025-04-29T23:59:59+00:00
Accession:  0000950170-25-059541
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Easterly Q1 Core FFO $0.73; cuts dividend 32%, completes 1-for-2.5 reverse stock split
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- 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%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1622194/000095017025059541/0000950170-25-059541-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1622194/000095017025059541/dea-20250429.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-059541

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