earnings
confidence high
sentiment neutral
materiality 0.50
Easterly Government Properties Q2 net income $0.08/shr, FFO $0.33, acquires four properties
Easterly Government Properties, Inc.
2022-Q2 EPS reported
$0.16
revenue$145,059,000
- Q2 net income $8.1M ($0.08/shr diluted); FFO $33.4M ($0.33/shr, as adj $33.7M); CAD $29.5M.
- Acquired VA-Birmingham, VA-Marietta (via JV), NARA-Broomfield, FBI-Tampa; total ~454k leased sq ft.
- Board authorized repurchase of up to 4,538,994 shares (~5% of outstanding); no shares repurchased to date.
- Expects $92.5M net proceeds from forward sale of 4.26M shares at $21.72/sh avg; not yet settled.
- Maintains 2022 FFO guidance $1.34-$1.36; Q2 dividend $0.265/sh, payable Aug 23 to holders of record Aug 11.