earnings
confidence high
sentiment positive
materiality 0.75
Easterly Q4 FFO $0.33/share; forms JV to acquire $635.6M VA portfolio
Easterly Government Properties, Inc.
2021-FY EPS reported
$0.35
revenue$274,860,000
- Q4 net income $7.8M ($0.08 diluted); FFO $0.33, FFO as adj $0.32 per share.
- Full-year 2021 FFO $1.31/share; acquired 12 properties for ~$412.3M.
- Formed JV (53% stake) for 10-property VA portfolio; closed 4 assets in Q4, remainder by end 2023.
- Q4 cash dividend $0.265/share payable March 22; 2022 FFO guidance $1.34-$1.36.
- Expects ~$102.7M net proceeds from unsettled forward equity at avg price $21.87/share.