Highest-materiality recent filing
Easterly Government Properties closes $200M term loan facility, matures June 2031
Easterly closed $200M senior unsecured term loan (accordion up to $250M) maturing June 2031.
Easterly Q1 Core FFO $0.77/share; raises 2026 guidance low end
Net income $1.4M ($0.03 diluted EPS); Core FFO $37.1M ($0.77 diluted).
Stockholders approve 2,875,000-share increase to Easterly Government Properties 2024 Equity Plan
Share pool rises from 1,440,000 to 4,315,000 shares (200% increase) effective April 22, 2026.
DEA Q4 Core FFO $0.77/shr; FY acquisitions $169.9M; maintains FY26 guidance $3.05-$3.12
Q4 net income $4.8M ($0.10/shr); Core FFO $36.8M ($0.77/shr).
Easterly Q3 Core FFO $0.76/sh; guides FY2025 Core FFO $2.98-$3.02, FY2026 $3.05-$3.12
Net income $1.2M ($0.03/sh); Core FFO $35.6M ($0.76/sh) for Q3 2025.
LTIP units vest in full on 5-year anniversary subject to stock price appreciation of at least 50% ($33.78) from $22.52 baseline.
Easterly Government Properties upsizes term loan to $200M, extends maturity to 2028
Term loan upsized from $174.5M to $200M; maturity extended to August 2028 with two one-year extension options to August 2030.
Easterly Government Properties Q2 net income $4.3M, Core FFO $0.74/share; maintains FY2025 guidance
Net income of $4.3M ($0.09 diluted EPS); Core FFO of $34.6M ($0.74 diluted) for Q2 2025.
All seven director nominees elected with at least 62.4M votes for; highest was Tara S. Innes at 70.9M for.
Easterly Gov't Properties names Brian Colantuoni principal accounting officer
Brian Colantuoni, 39, appointed principal accounting officer effective May 13, 2025.
Easterly Gov't Properties appoints Brian Colantuoni as principal accounting officer
Brian M. Colantuoni appointed principal accounting officer effective May 13, 2025.
Easterly reduces authorized shares from 200M to 80M after reverse split
Filed Articles of Amendment reducing authorized common shares to 80M from 200M.
Easterly Q1 Core FFO $0.73; cuts dividend 32%, completes 1-for-2.5 reverse stock split
Net income $3.3M / $0.07 dil.; Core FFO $33.1M / $0.73 dil.
Easterly Government Properties completes 1-for-2.5 reverse stock split
1-for-2.5 reverse stock split effective 12:01 a.m. ET on April 28, 2025.
Easterly issues $125M in senior unsecured notes in two tranches
$25M Series A notes at 6.13% due March 2030; $100M Series B notes at 6.33% due March 2032.
Easterly Q4 net income $5.7M ($0.05/diluted); Core FFO $0.29; FY25 guidance $1.18-1.21
Q4 net income $5.7M ($0.05/diluted); Core FFO $32.6M ($0.29/diluted).
Easterly extends term loan maturity to 2028, boosts accordion capacity by $100M
Maturity extended from Jan 30, 2025 to Jan 28, 2028; two one-year extension options (to Jan 2030).
Easterly Q3 2024: Core FFO $0.30/sh, 2024 guidance reaffirmed, 2025 range $1.17-$1.21
Net income $5.1M ($0.05 diluted EPS); Core FFO $32.2M ($0.30 diluted share).
Easterly Government Properties CEO Darrell Crate appointed President after Baivier departure
CEO Darrell W. Crate appointed President effective September 13, 2024, replacing Meghan G. Baivier.
Easterly Government Properties President and COO Baivier resigns, effective Sept. 13, 2024
Meghan G. Baivier, President and COO, resigned on Aug. 15, 2024, effective Sept. 13, 2024.
Net income $4.9M ($0.04 diluted EPS); Core FFO $31.4M ($0.29 diluted). Full-year Core FFO guidance maintained at $1.15-$1.17/sh.
New $400M senior unsecured revolver with accordion feature allowing up to $300M additional commitments, total capacity up to $700M.
Easterly Government Properties issues $200M senior unsecured notes at 6.56%
$150M Series A notes issued May 29, 2024; $50M Series B notes expected Aug 14, 2024.
Easterly Government Properties shareholders approve 2024 Equity Incentive Plan with 3.6M shares
Stockholders approved the 2024 Equity Incentive Plan, replacing the 2015 Plan; 3.6M shares reserved for issuance.
Easterly Government Properties reports Q1 Core FFO $0.29; maintains FY guidance $1.14-$1.16
Q1 net income $4.9M ($0.05 diluted EPS); Core FFO $30.8M ($0.29 per share).
Easterly Government Properties files new shelf; $379M ATM capacity remains
Filed new S-3 shelf registration that automatically replaced the prior 2021 shelf.
Easterly Government Properties reports FY2023 Core FFO $1.14/share; guides FY2024 to $1.14-$1.16
Q4 net income $4.8M ($0.04 diluted EPS); full-year net income $21.1M ($0.20 diluted EPS).
Easterly Government Properties extends $100M term loan to January 2025
Extended $100M unsecured term loan maturity from March 29, 2024 to January 30, 2025.
CEO William Trimble to retire Dec 31; Chairman Darrell Crate appointed CEO effective Jan 1, 2024
William Trimble retires as CEO, President, and Board member on Dec 31, 2023; separation agreement includes $400k severance and equity vesting.
Easterly Government Properties Q3 net income $6.1M ($0.06/share); Core FFO $0.29/share
Net income $6.1M, $0.06 per diluted share; Core FFO $30.2M, $0.29 per diluted share.
Easterly Government Properties reduces portfolio acquisition price to $619.7M in seventh amendment
Aggregate purchase price reduced from ~$635.6M to ~$619.7M via Seventh Amendment to Purchase Agreement.
Easterly Q2 2023 Core FFO $0.29/share; raises FY 2023 guidance low end
Net income $5.8M ($0.05 diluted EPS); Core FFO $30.3M ($0.29 diluted).
Amended credit and term loan agreements to include daily simple SOFR benchmark with 0.10% credit spread adjustment.
Easterly Government Properties elects all eight director nominees at annual meeting
Darrell W. Crate elected with 52.4M for, 13.8M against, 2.8M abstain; Cynthia A. Fisher had 23.5M against.
Easterly Q1 Core FFO $0.29 per share; reaffirms FY2023 guidance $1.12-$1.15
Net income $4.4M ($0.04 diluted EPS); Core FFO $29.5M ($0.29 diluted).
Easterly Government Properties reports Q4 2022 net income $18.4M; guides 2023 Core FFO $1.12-$1.15
Q4 net income $18.4M ($0.18 diluted EPS); FFO $30.9M ($0.30); FFO as adjusted $30.0M ($0.29).
Easterly Government amends credit and term loan facilities to replace LIBOR with SOFR
Credit Agreement and Term Loan Agreement amended to replace LIBOR with term SOFR plus 0.10% credit spread adjustment.
Easterly Q3 FFO $0.32; guides 2022 FFO to $1.26-$1.28; sells 10-property portfolio for $205M
Q3 net income $0.7M ($0.01 diluted EPS); FFO $32.4M ($0.32 per share); CAD $28.5M.
Easterly Government Properties Q2 net income $0.08/shr, FFO $0.33, acquires four properties
Q2 net income $8.1M ($0.08/shr diluted); FFO $33.4M ($0.33/shr, as adj $33.7M); CAD $29.5M.
Easterly extends $50M delayed-draw term loan deadline to July 2023
Amendment extends funding deadline for $50M delayed draw portion of $200M unsecured term loan facility to July 24, 2023 (from July 22, 2022).
Easterly Government Properties annual meeting: all director nominees and proposals approved
Proposal 1: Eight director nominees elected, including Darrell W. Crate with 58.4M for votes.
Net income $8.3M ($0.08 diluted EPS); FFO $33.1M ($0.33); FFO as adjusted $32.0M ($0.31).
Easterly Q4 FFO $0.33/share; forms JV to acquire $635.6M VA portfolio
Q4 net income $7.8M ($0.08 diluted); FFO $0.33, FFO as adj $0.32 per share.
Easterly Q3 FFO as adj $0.31/share; forms JV for $635.6M VA portfolio, raises dividend to $0.265
Q3 net income $9.0M ($0.09 EPS); FFO as adj $29.2M ($0.31/share); CAD $26.1M.
Easterly forms JV to acquire $635.6M VA portfolio of 10 properties; 53% stake retained
Purchase price $635.6M for 1,214,165 sq ft; 100% leased to VA with 19.6-year weighted avg lease term.
Entered into underwriting and forward sale agreements for 6.3M shares (plus 945K option) at initial forward price of $21.64/share.
Easterly Government Properties appoints Allison Marino as CAO, effective Aug 9, 2021
Allison Marino appointed SVP and Chief Accounting Officer, effective August 9, 2021.
Easterly posts Q2 FFO $0.33/share; raises 2021 guidance and dividend
Net income $9.3M ($0.10 EPS); FFO $31.2M ($0.33), FFO adj $29.2M ($0.31); CAD $23.2M.
Easterly Government Properties increases credit facility by $50M to $650M
New $650M credit facility: $450M revolver (matures July 2025) and $200M term loan (matures July 2026).
Effective May 13, 2025, Easterly Government Properties, Inc. (the “Company”) appointed Brian M. Colantuoni, the Company’s Senior Vice President and Chief Accounting Officer, as the Company’s principal accounting officer.
Allison E. Marino, the Company’s Executive Vice President, Chief Financial Officer, previously served as principal accounting officer and will continue to serve as the Company’s principal financial officer.
Allison E. Marino, the Company’s Executive Vice President, Chief Financial Officer, previously served as principal accounting officer and will continue to serve as the Company’s principal financial officer.
Effective May 13, 2025, Easterly Government Properties, Inc. (the “Company”) appointed Brian M. Colantuoni, the Company’s Senior Vice President and Chief Accounting Officer, as the Company’s principal accounting officer.
On September 13, 2024, Darrell W. Crate, Chief Executive Officer of Easterly Government Properties, Inc. (the “Company”) was appointed to also serve as the Company’s President, effective September 13, 2024, replacing Meghan G. Baivier following her departure from the Company
On August 15, 2024, Meghan G. Baivier, President and Chief Operating Officer of Easterly Government Properties, Inc. (the “Company”), resigned from her positions with the Company, effective September 13, 2024.
the Board promoted Meghan G. Baivier, Executive Vice President, Chief Financial Officer and Chief Operating Officer of the Company, to President and Chief Operating Officer of the Company
Allison E. Marino, Senior Vice President and Chief Accounting Officer of the Company, to Executive Vice President, Chief Financial Officer and Chief Accounting Officer of the Company, effective, in each case, January 1, 2024.
Mr. Trimble will retire from his positions as Chief Executive Officer and President of the Company and as a member of the Company’s board of directors (the “Board”) effective December 31, 2023 (the “Effective Date”).
Upon his appointment, William H. Binnie, currently the Board’s Lead Independent Director, will replace Mr. Crate as Chairman of the Board.
the Board appointed Darrell W. Crate, Chairman of the Board, to serve as Chief Executive Officer of the Company, effective January 1, 2024.
Effective August 9, 2021, Easterly Government Properties Trust, Inc. (the “Company”) appointed Allison E. Marino to serve as the Company’s Senior Vice President and Chief Accounting Officer.
Max materiality 0.85 · Median 0.55 · Most common event earnings