secwatch.observer — SEC 8-K summary
======================================

Issuer:     Easterly Government Properties, Inc. (DEA)
CIK:        0001622194
Form:       8-K
Filed at:   2022-05-03T23:59:59+00:00
Accession:  0001564590-22-017221
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Easterly Government Properties reports Q1 FFO $0.33/share, maintains 2022 guidance, authorizes share repurchase
--------------------------------------------------------------------------------

- Net income $8.3M ($0.08 diluted EPS); FFO $33.1M ($0.33); FFO as adjusted $32.0M ($0.31).
- Portfolio: 89 operating properties, 8.6M sq ft, 9.8 yrs weighted avg remaining lease term.
- Total debt ~$1.2B; Net Debt/EV 35.9%; Adj. Net Debt/EBITDA 6.7x; avg interest rate 3.5%.
- Board authorized repurchase of up to 4,538,994 shares (~5% outstanding) on April 28, 2022.
- Maintains 2022 FFO guidance $1.34-$1.36; Q1 dividend $0.265/share payable May 25.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1622194/000156459022017221/0001564590-22-017221-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1622194/000156459022017221/dea-8k_20220428.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-017221

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer