earnings
confidence high
sentiment positive
materiality 0.85
Easterly Q3 FFO as adj $0.31/share; forms JV for $635.6M VA portfolio, raises dividend to $0.265
Easterly Government Properties, Inc.
2021-Q3 EPS reported
$0.27
revenue$203,223,000
- Q3 net income $9.0M ($0.09 EPS); FFO as adj $29.2M ($0.31/share); CAD $26.1M.
- Increased quarterly dividend to $0.265/share, payable Nov 24 to holders of record Nov 12.
- Formed JV to acquire 10 VA properties for $635.6M; Easterly has 53% stake, rolling closes by end-2023.
- Issued $250M senior notes: $50M 2.62% due 2028 and $200M 2.89% due 2030.
- Maintains 2021 FFO guidance $1.30-$1.32; introduces 2022 FFO guidance $1.34-$1.36.