earnings
confidence high
sentiment positive
materiality 0.75
Easterly posts Q2 FFO $0.33/share; raises 2021 guidance and dividend
Easterly Government Properties, Inc.
2021-Q2 EPS reported
$0.18
revenue$133,615,000
- Net income $9.3M ($0.10 EPS); FFO $31.2M ($0.33), FFO adj $29.2M ($0.31); CAD $23.2M.
- 2021 FFO/share guidance raised to $1.30-$1.32; acquisition target increased to $300M.
- Closed $250M senior unsecured notes (2.82% avg rate, 8.5-yr maturity); upsized credit facility to $650M.
- Acquired GSA-leased USAO Springfield and NWS Kansas City for $134M YTD; disposed of SSA Mission Viejo.
- Q2 dividend raised to $0.265/share (payable Aug 24); new $300M ATM program launched.