Easterly Government Properties（DEA）株式概要イースタリー・ガバメント・プロパティーズ社は、主に米国に賃貸されているAクラスの商業用不動産の取得、開発、管理に注力している。 詳細DEA ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長1/6過去の実績1/6財務の健全性1/6配当金4/6報酬当社が推定した公正価値より49.1%で取引されている 収益は年間5.66%増加すると予測されています リスク分析利払いは収益で十分にカバーされない 不安定な配当実績 利益率(3%)は昨年より低い(5.5%) すべてのリスクチェックを見るDEA Community Fair Values Create NarrativeSee what 8 others think this stock is worth. Follow their fair value or set your own to get alerts.Analyst Price TargetsAN3.8% undervaluedAnalystConsensusTarget•1y agoFederal Lease Modernization Will Sustain Long-Term Facility Value17808Top Analyst NarrativesEasterly Government PropertiesANAnalystConsensusTargetBased on Analyst Price TargetsFederal Lease Modernization Will Sustain Long-Term Facility ValueKey Takeaways Demand for secure government-leased properties supports stable revenue, high occupancy, and portfolio growth through long-term, non-cancelable leases. Conservative financial management and focus on essential, resilient tenants provide flexibility, stability, and strong investor appeal in uncertain markets.View narrativeUS$24.08FV3.8% 割安 内在価値ディスカウント7.72%Revenue growth p.a.Set Fair ValueView178users have viewed this narrative0users have liked this narrative0users have commented on this narrative8users have followed this narrativeabout 1 year ago author updated this narrativeView all narrativesEasterly Government Properties, Inc. 競合他社Empire State Realty TrustSymbol: NYSE:ESRTMarket cap: US$1.5bPostal Realty TrustSymbol: NYSE:PSTLMarket cap: US$800.1mHighwoods PropertiesSymbol: NYSE:HIWMarket cap: US$3.3bCOPT Defense PropertiesSymbol: NYSE:CDPMarket cap: US$3.9b価格と性能株価の高値、安値、推移の概要Easterly Government Properties過去の株価現在の株価US$23.1652週高値US$24.9452週安値US$20.56ベータ0.961ヶ月の変化-2.48%3ヶ月変化6.68%1年変化2.30%3年間の変化-36.15%5年間の変化-56.34%IPOからの変化-40.23%最新ニュースSeeking Alpha • May 01Easterly Government Properties: Rate Pressure Grows, But Major Opportunity RemainsSummary Easterly Government Properties remains a buy, supported by resilient government-backed leases and a significant margin of safety implied in the current valuation. DEA’s Q1 results were solid, with FFO in line and revenue slightly beating expectations; core FFO guidance was raised at the low end, reflecting new mezzanine lending activity. The company’s $1.5 billion long-term pipeline and sustainable ~7.77% yield are offset by high borrowing costs and macro risks, particularly from inflation and delayed Fed rate cuts. Intrinsic value is estimated well above current levels, indicating that the market already prices in substantial risk, leaving room for a potential re-rating. Read the full article on Seeking AlphaReported Earnings • Apr 28First quarter 2026 earnings released: FFO per share: US$0.8 (vs US$0.77 in 1Q 2025)First quarter 2026 results: FFO per share: US$0.8 (up from US$0.77 in 1Q 2025). Revenue: US$93.2m (up 16% from 1Q 2025). Funds from operations (FFO): US$36.7m (up 14% from 1Q 2025). FFO margin: 39% (in line with 1Q 2025). Revenue is forecast to grow 2.5% p.a. on average during the next 2 years, compared to a 2.6% growth forecast for the Office REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.New Risk • Apr 27New major risk - Revenue and earnings growthEarnings have declined by 11% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.2x net interest cover). Earnings have declined by 11% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.6% net profit margin).Declared Dividend • Apr 26Fourth quarter dividend of US$0.45 announcedDividend of US$0.45 is the same as last year. Ex-date: 7th May 2026 Payment date: 21st May 2026 Dividend yield will be 7.7%, which is higher than the industry average of 5.5%.お知らせ • Apr 23Easterly Government Properties, Inc. Announces Quarterly Cash Dividend, Payable on May 21, 2026Easterly Government Properties, Inc. announced that its Board of Directors has approved a quarterly cash dividend of $0.45 per common share. The dividend will be payable on May 21, 2026 to shareholders of record on May 7, 2026.お知らせ • Apr 09Easterly Government Properties, Inc. to Report Q1, 2026 Results on Apr 27, 2026Easterly Government Properties, Inc. announced that they will report Q1, 2026 results on Apr 27, 2026最新情報をもっと見るRecent updatesSeeking Alpha • May 01Easterly Government Properties: Rate Pressure Grows, But Major Opportunity RemainsSummary Easterly Government Properties remains a buy, supported by resilient government-backed leases and a significant margin of safety implied in the current valuation. DEA’s Q1 results were solid, with FFO in line and revenue slightly beating expectations; core FFO guidance was raised at the low end, reflecting new mezzanine lending activity. The company’s $1.5 billion long-term pipeline and sustainable ~7.77% yield are offset by high borrowing costs and macro risks, particularly from inflation and delayed Fed rate cuts. Intrinsic value is estimated well above current levels, indicating that the market already prices in substantial risk, leaving room for a potential re-rating. Read the full article on Seeking AlphaReported Earnings • Apr 28First quarter 2026 earnings released: FFO per share: US$0.8 (vs US$0.77 in 1Q 2025)First quarter 2026 results: FFO per share: US$0.8 (up from US$0.77 in 1Q 2025). Revenue: US$93.2m (up 16% from 1Q 2025). Funds from operations (FFO): US$36.7m (up 14% from 1Q 2025). FFO margin: 39% (in line with 1Q 2025). Revenue is forecast to grow 2.5% p.a. on average during the next 2 years, compared to a 2.6% growth forecast for the Office REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.New Risk • Apr 27New major risk - Revenue and earnings growthEarnings have declined by 11% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.2x net interest cover). Earnings have declined by 11% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.6% net profit margin).Declared Dividend • Apr 26Fourth quarter dividend of US$0.45 announcedDividend of US$0.45 is the same as last year. Ex-date: 7th May 2026 Payment date: 21st May 2026 Dividend yield will be 7.7%, which is higher than the industry average of 5.5%.お知らせ • Apr 23Easterly Government Properties, Inc. Announces Quarterly Cash Dividend, Payable on May 21, 2026Easterly Government Properties, Inc. announced that its Board of Directors has approved a quarterly cash dividend of $0.45 per common share. The dividend will be payable on May 21, 2026 to shareholders of record on May 7, 2026.お知らせ • Apr 09Easterly Government Properties, Inc. to Report Q1, 2026 Results on Apr 27, 2026Easterly Government Properties, Inc. announced that they will report Q1, 2026 results on Apr 27, 2026お知らせ • Mar 24Easterly Government Properties, Inc., Annual General Meeting, Apr 22, 2026Easterly Government Properties, Inc., Annual General Meeting, Apr 22, 2026. Location: four seasons hotel atlanta, located at 75 14th street ne, georgia 30309, atlanta United Statesお知らせ • Feb 24Easterly Government Properties, Inc. Maintains Earnings Guidance for the Full Year Ending December 31, 2026Easterly Government Properties, Inc. maintained earnings guidance for the full year ending December 31, 2026. For the year, the company expects Net income (loss) per share – fully diluted basis to be from $0.35 to $0.42.Reported Earnings • Feb 23Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: US$0.29 (down from US$0.46 in FY 2024). Revenue: US$336.1m (up 9.1% from FY 2024). Net income: US$13.0m (down 32% from FY 2024). Profit margin: 3.9% (down from 6.2% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.9%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Office REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.Declared Dividend • Feb 22Third quarter dividend of US$0.45 announcedShareholders will receive a dividend of US$0.45. Ex-date: 5th March 2026 Payment date: 19th March 2026 Dividend yield will be 7.5%, which is higher than the industry average of 5.5%.お知らせ • Feb 19Easterly Government Properties Announces Quarterly Cash Dividend, Payable on March 19, 2026Easterly Government Properties, Inc. announced that its Board of Directors has approved a quarterly cash dividend of $0.45 per common share. The dividend will be payable on March 19, 2026 to shareholders of record on March 5, 2026.お知らせ • Feb 03Easterly Government Properties, Inc. to Report Q4, 2025 Results on Feb 23, 2026Easterly Government Properties, Inc. announced that they will report Q4, 2025 results on Feb 23, 2026Major Estimate Revision • Nov 07Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from US$0.33 to US$0.29 per share. Revenue forecast steady at US$336.6m. Net income forecast to grow 34% next year vs 3.0% growth forecast for Office REITs industry in the US. Consensus price target of US$23.58 unchanged from last update. Share price was steady at US$21.37 over the past week.Reported Earnings • Oct 28Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2025 results: FFO per share: US$0.8 (up from US$0.75 in 3Q 2024). Revenue: US$87.7m (up 15% from 3Q 2024). Funds from operations (FFO): US$34.8m (up 14% from 3Q 2024). FFO margin: 40% (in line with 3Q 2024). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 70%. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Office REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.お知らせ • Oct 27Easterly Government Properties, Inc. Adjusts Earnings Guidance for the Year Ending December 31, 2025 and Provides Earnings Guidance for the Year Ending December 31, 2026Easterly Government Properties, Inc. adjusted earnings guidance for the year ending December 31, 2025 and provided earnings guidance for the year ending December 31, 2026. For the year 2025, the company expects net income per share – fully diluted basis to be between $0.32 to $0.36. For the year 2026, the company expects net income per share – fully diluted basis to be between $0.35 to $0.42.Declared Dividend • Oct 27Second quarter dividend of US$0.45 announcedShareholders will receive a dividend of US$0.45. Ex-date: 7th November 2025 Payment date: 20th November 2025 Dividend yield will be 8.9%, which is higher than the industry average of 5.5%.お知らせ • Oct 24Easterly Government Properties Announces Quarterly Dividend, Payable on November 20, 2025Easterly Government Properties, Inc. announced that its Board of Directors has approved a quarterly cash dividend of $0.45 per common share. The dividend will be payable on November 20, 2025 to shareholders of record on November 7, 2025.お知らせ • Oct 08Easterly Government Properties, Inc. to Report Q3, 2025 Results on Oct 27, 2025Easterly Government Properties, Inc. announced that they will report Q3, 2025 results at 9:30 AM, US Eastern Standard Time on Oct 27, 2025Major Estimate Revision • Aug 17Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from US$0.485 to US$0.425 per share. Revenue forecast steady at US$337.4m. Net income forecast to grow 30% next year vs 11% growth forecast for Office REITs industry in the US. Consensus price target up from US$23.24 to US$23.75. Share price was steady at US$21.94 over the past week.Reported Earnings • Aug 05Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2025 results: EPS: US$0.09 (down from US$0.11 in 2Q 2024). Revenue: US$84.2m (up 8.6% from 2Q 2024). Net income: US$4.07m (down 9.0% from 2Q 2024). Profit margin: 4.8% (down from 5.8% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates by 36%. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Office REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 25% per year whereas the company’s share price has fallen by 22% per year.お知らせ • Aug 05Easterly Government Properties, Inc. Maintains Earnings Guidance for the Twelve Months Ending December 31, 2025Easterly Government Properties, Inc. maintained earnings guidance for the twelve months ending December 31, 2025. For the year, the company expects Net income per share – fully diluted basis $0.48 - $0.53.Declared Dividend • Aug 03First quarter dividend of US$0.45 announcedShareholders will receive a dividend of US$0.45. Ex-date: 13th August 2025 Payment date: 25th August 2025 Dividend yield will be 10%, which is higher than the industry average of 5.5%.お知らせ • Jul 31Easterly Government Properties, Inc. Approves Quarterly Cash Dividend, Payable on August 25, 2025Easterly Government Properties, Inc. announced that its Board of Directors has approved a quarterly cash dividend of $0.45 per common share. The dividend will be payable on August 25, 2025 to shareholders of record on August 13, 2025.お知らせ • Jul 14Easterly Government Properties, Inc. to Report Q2, 2025 Results on Aug 05, 2025Easterly Government Properties, Inc. announced that they will report Q2, 2025 results on Aug 05, 2025Price Target Changed • May 09Price target increased by 25% to US$25.75Up from US$20.54, the current price target is an average from 6 analysts. New target price is 27% above last closing price of US$20.26. Stock is down 32% over the past year. The company is forecast to post earnings per share of US$0.51 for next year compared to US$0.46 last year.Major Estimate Revision • May 06Consensus EPS estimates fall by 15%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from US$326.0m to US$333.6m. EPS estimate fell from US$0.60 to US$0.51 per share. Net income forecast to grow 22% next year vs 6.6% growth forecast for Office REITs industry in the US. Consensus price target down from US$26.88 to US$23.00. Share price was steady at US$20.30 over the past week.New Risk • May 01New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 8.7% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.3x net interest cover). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.お知らせ • Apr 30Easterly Government Properties, Inc. Raises Earnings Guidance for the Twelve Months Ending December 31, 2025Easterly Government Properties, Inc. raised Earnings Guidance for the twelve months ending December 31, 2025. For the year, the company expected Net income(loss) per share – fully diluted basis to be in the range of $0.48 to $0.53.Reported Earnings • Apr 29First quarter 2025 earnings: EPS and revenues miss analyst expectationsFirst quarter 2025 results: EPS: US$0.072 (down from US$0.11 in 1Q 2024). Revenue: US$78.7m (up 6.0% from 1Q 2024). Net income: US$3.13m (down 30% from 1Q 2024). Profit margin: 4.0% (down from 6.0% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 44%. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Office REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 25% per year and the company’s share price has also fallen by 25% per year.Upcoming Dividend • Apr 28Upcoming dividend of US$0.18 per shareEligible shareholders must have bought the stock before 05 May 2025. Payment date: 17 May 2025. Trailing yield: 13%. Within top quartile of American dividend payers (4.9%). Higher than average of industry peers (5.3%).お知らせ • Apr 21Easterly Government Properties, Inc., Annual General Meeting, May 22, 2025Easterly Government Properties, Inc., Annual General Meeting, May 22, 2025. Location: at 2001kstreet, nw, suite 775north, d.c. 20006, washington United StatesDeclared Dividend • Apr 13Fourth quarter dividend reduced to US$0.18Dividend of US$0.18 is 32% lower than last year. Ex-date: 5th May 2025 Payment date: 17th May 2025 Dividend yield will be 12%, which is higher than the industry average of 5.5%.お知らせ • Apr 11Easterly Government Properties, Inc. to Report Q1, 2025 Results on Apr 29, 2025Easterly Government Properties, Inc. announced that they will report Q1, 2025 results on Apr 29, 2025Valuation Update With 7 Day Price Move • Apr 10Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to US$8.23, the stock trades at a forward P/E ratio of 32x. Average trailing P/E is 65x in the Office REITs industry in the US. Total loss to shareholders of 48% over the past three years.お知らせ • Apr 10Easterly Government Properties, Inc. Announces Quarterly Dividend, Payable on May 17, 2025Easterly Government Properties, Inc. announced that its Board of Directors has approved a reduction of $0.085, or approximately 32.0%, from the Company’s prior quarter dividend of $0.265 per share. The dividend will be payable on May 17, 2025 to shareholders of record on May 5, 2025.Seeking Alpha • Mar 03Easterly Government Properties: DOGE Is Not A Threat To The DividendSummary Easterly Government Properties is now paying out a near-record 9.4% dividend yield, that's 112% covered by funds from operations. The REIT is trading at its lowest ever multiple to free cash flow at 7.2x, following negative DOGE sentiment. A weighted average remaining lease term of 10.1 years and mission-critical properties eliminate the threat of DOGE to the dividend. Read the full article on Seeking Alphaお知らせ • Feb 26Easterly Government Properties, Inc. Provides Earnings Guidance for the Full Year Ending December 31, 2025Easterly Government Properties, Inc. provided earnings guidance for the full-year ending December 31, 2025. For the year, the company expected Net income per share – fully diluted basis to be in the range of $0.20 to $0.23.Reported Earnings • Feb 26Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: US$0.19. Revenue: US$302.1m (up 3.2% from FY 2023). Net income: US$19.6m (up 7.4% from FY 2023). Profit margin: 6.5% (up from 6.2% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.3%. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Office REITs industry in the US.Declared Dividend • Feb 23Third quarter dividend of US$0.27 announcedDividend of US$0.27 is the same as last year. Ex-date: 5th March 2025 Payment date: 17th March 2025 Dividend yield will be 9.8%, which is higher than the industry average of 5.5%.Major Estimate Revision • Feb 22Consensus EPS estimates fall by 14%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from US$0.22 to US$0.19. Revenue forecast unchanged from US$300.8m at last update. Net income forecast to grow 38% next year vs 24% growth forecast for Office REITs industry in the US. Consensus price target of US$12.60 unchanged from last update. Share price was steady at US$10.79 over the past week.お知らせ • Feb 04Easterly Government Properties, Inc. to Report Q4, 2024 Results on Feb 25, 2025Easterly Government Properties, Inc. announced that they will report Q4, 2024 results on Feb 25, 2025Price Target Changed • Jan 03Price target decreased by 7.3% to US$12.67Down from US$13.67, the current price target is an average from 6 analysts. New target price is 10.0% above last closing price of US$11.52. Stock is down 14% over the past year. The company is forecast to post earnings per share of US$0.20 for next year compared to US$0.19 last year.New Risk • Dec 16New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.3x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (5.9% net profit margin). Shareholders have been diluted in the past year (9.7% increase in shares outstanding).Seeking Alpha • Dec 15Easterly Government And The DOGE: The Elon Musk EffectSummary Easterly Government Properties stock has dropped following news of the DOGE's cost-cutting plans. DOGE's $2 trillion budget cut plan targets redundant regulations and underutilized federal properties, posing minimal risk to DEA's revenue. The VA, a significant tenant for DEA, is unlikely to face cuts due to bipartisan support and public sentiment favoring veterans' services. DEA offers a durable 9% yield, with fears overblown and only 2-4% of revenues at risk, making it a solid investment amid political uncertainty. Read the full article on Seeking AlphaSeeking Alpha • Dec 07Easterly Government Properties: Fears Are Overblown, I'm A Buyer Of This 9% YielderSummary Easterly Government Properties is a REIT focused on Class A properties leased to U.S. government agencies, offering stable cash flows and rent growth. DEA's Q3'24 results reaffirm my confidence with strong cash flow, disciplined FFO growth, and strategic acquisitions in government-adjacent sectors, despite a 12% share price dip. DEA's resilient lease portfolio, high-credit tenants, and focus on mission-critical assets provide stability, making it a compelling value with an 8.9% dividend yield. Potential risks include changes in government spending and interest rate hikes, but DEA's long-term leases and embedded rent growth mitigate these concerns. Read the full article on Seeking AlphaNew Risk • Nov 27New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.3x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (5.9% net profit margin). Shareholders have been diluted in the past year (9.7% increase in shares outstanding).Seeking Alpha • Nov 10Easterly Government Properties: The Trump FactorSummary Easterly Government Properties is poised to benefit from President-elect Trump's second term due to potential increased government and defense spending. Despite elevated payout ratios and economic uncertainties, DEA has shown solid growth in core FFO, revenue, and acquisitions in 2024. DEA's valuation is attractive at a forward multiple of 11.65x, with potential upside if they deliver on growth expectations and interest rates decline. Risks include economic uncertainty impacting liquidity and dividend safety, but DEA's strong government tenant base and strategic acquisitions provide stability. Read the full article on Seeking AlphaReported Earnings • Nov 07Third quarter 2024 earnings: EPS in line with expectations, revenues disappointThird quarter 2024 results: FFO per share: US$0.3. Revenue: US$76.4m (up 4.1% from 3Q 2023). Funds from operations (FFO): US$30.6m (up 2.2% from 3Q 2023). FFO margin: 40% (in line with 3Q 2023). Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, while revenues in the Office REITs industry in the US are expected to remain flat.Declared Dividend • Nov 06Second quarter dividend of US$0.27 announcedDividend of US$0.27 is the same as last year. Ex-date: 15th November 2024 Payment date: 27th November 2024 Dividend yield will be 7.8%, which is higher than the industry average of 5.5%.お知らせ • Nov 05Easterly Government Properties, Inc. Provides Earnings Guidance for the Full-Year Ending December 31, 2025Easterly Government Properties, Inc. provided earnings guidance for the full-year ending December 31, 2025. For the period, the company expects net income per share – fully diluted basis between $0.24 per share to $0.28 per share.お知らせ • Nov 01Easterly Government Properties, Inc. Approves Quarterly Cash Dividend, Payable on November 27, 2024Easterly Government Properties, Inc. announced that its board of directors has approved a quarterly cash dividend of $0.265 per common share. The dividend will be payable on November 27, 2024 to shareholders of record on November 15, 2024.New Risk • Oct 21New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (9.1% increase in shares outstanding).お知らせ • Oct 16Easterly Government Properties, Inc. to Report Q3, 2024 Results on Nov 05, 2024Easterly Government Properties, Inc. announced that they will report Q3, 2024 results at 9:30 AM, US Eastern Standard Time on Nov 05, 2024新しいナラティブ • Sep 24Calculated Growth In Government-Centric Real Estate Promises Steady Gains Specialization in facilities for U.S. government agencies ensures stable revenue due to a reliable tenant base and reduced operational risks. New Risk • Sep 16New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (9.1% increase in shares outstanding).New Risk • Sep 10New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (9.1% increase in shares outstanding).Seeking Alpha • Sep 08Easterly Government Properties: Become The Landlord Of The US Government With An 8% Dividend YieldSummary Easterly Government Properties focuses on high-quality, government-leased Class A properties, ensuring stable cash flows and high occupancy rates. DEA's recent acquisitions and quarterly performance indicate decent FFO growth potential, with a steady 8% dividend yield that appears safe. Despite balance sheet risks, DEA's valuation is compelling trading below REIT peers, and so it offers a significant buying opportunity. The company's revenue and FFO growth, supported by long-term leases and inflation-linked rental structures, justify a 'buy' rating for income-oriented investors. Read the full article on Seeking AlphaNew Risk • Aug 26New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (9.1% increase in shares outstanding).お知らせ • Aug 24Easterly Government Properties, Inc. Announces Resignation of Meghan G. Baivier as President and Chief Operating Officer, Effective September 13, 202On August 15, 2024, Meghan G. Baivier, President and Chief Operating Officer of Easterly Government Properties, Inc. resigned from her positions with the Company, effective September 13, 2024. Ms. Baivier resigned to pursue another opportunity, and there were no disagreements between the Company and Ms. Baivier on any matter regarding its operations, policies or practices. The Company is grateful for Ms. Baivier’s many contributions and wishes her well in her next endeavor.Seeking Alpha • Aug 06Easterly Government Properties: I'm Buying The Drop On This 8% YieldSummary Treasury Bonds have seen increased interest due to rising yields backed by the U.S. government's credit. With potential rate cuts looming, bond yields have fallen, posing reinvestment risks for investors with maturing bonds. Easterly Government Properties leases to the U.S. government. It carries a far higher yield than Treasury Bonds and has strong fundamentals. Read the full article on Seeking AlphaReported Earnings • Aug 01Second quarter 2024 earnings: Revenues and EPS in line with analyst expectationsSecond quarter 2024 results: EPS: US$0.045 (down from US$0.053 in 2Q 2023). Revenue: US$76.2m (up 4.7% from 2Q 2023). Net income: US$4.61m (down 6.9% from 2Q 2023). Profit margin: 6.0% (down from 6.8% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Office REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 15% per year.Major Estimate Revision • Jul 26Consensus EPS estimates fall by 30%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from US$0.27 to US$0.19. Revenue forecast unchanged from US$301.3m at last update. Net income forecast to shrink 1.6% next year vs 28% growth forecast for Office REITs industry in the US . Consensus price target of US$12.60 unchanged from last update. Share price rose 3.9% to US$13.95 over the past week.Upcoming Dividend • Jul 25Upcoming dividend of US$0.27 per shareEligible shareholders must have bought the stock before 01 August 2024. Payment date: 13 August 2024. Trailing yield: 7.8%. Within top quartile of American dividend payers (4.4%). Higher than average of industry peers (5.1%).お知らせ • Jul 18Easterly Government Properties, Inc. Announces Quarterly Cash Dividend, Payable on August 13, 2024Easterly Government Properties, Inc. announced that its Board of Directors has approved a quarterly cash dividend of $0.265 per common share. The dividend will be payable on August 13, 2024 to shareholders of record on August 1, 2024.お知らせ • Jul 11Easterly Government Properties, Inc. to Report Q2, 2024 Results on Jul 31, 2024Easterly Government Properties, Inc. announced that they will report Q2, 2024 results on Jul 31, 2024New Risk • Jun 11New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risks Dividend is not well covered by cash flows (105% cash payout ratio). Profit margins are more than 30% lower than last year (6.4% net profit margin). Shareholders have been diluted in the past year (9.1% increase in shares outstanding).Major Estimate Revision • Jun 02Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$306.4m to US$303.2m. EPS estimate also fell from US$0.27 per share to US$0.235 per share. Net income forecast to grow 13% next year vs 24% growth forecast for Office REITs industry in the US. Consensus price target of US$12.33 unchanged from last update. Share price was steady at US$11.84 over the past week.Seeking Alpha • May 22Easterly Government Properties: Will Lower Interest Rates And A New CEO Help This REIT Get Back To Growth?Summary Easterly Government Properties expects to achieve 2% FFO growth for 2024 and beyond, despite challenges in the economic environment. DEA is a REIT focused on acquiring and developing properties for the U.S. government, with a portfolio of 93 properties across 26 states. The company has potential for future growth through property acquisitions and has a solid balance sheet with manageable debt maturities. DEA's cash available for distribution grew year-over-year, but was still not enough to cover the current dividend with a payout ratio above 100%. However, management stated they have no plans to cut the dividend. If the company can't execute on its growth strategies, then a dividend cut may be inevitable in the medium to long term. Read the full article on Seeking AlphaReported Earnings • May 01First quarter 2024 earnings: EPS and revenues miss analyst expectationsFirst quarter 2024 results: EPS: US$0.045 (up from US$0.041 in 1Q 2023). Revenue: US$72.8m (flat on 1Q 2023). Net income: US$4.63m (up 24% from 1Q 2023). Profit margin: 6.4% (up from 5.2% in 1Q 2023). Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) also missed analyst estimates by 27%. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Office REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings.お知らせ • May 01Easterly Government Properties, Inc. Provides Earnings Guidance for the Full-Year 2024Easterly Government Properties, Inc. provided earnings guidance for the full-year 2024. For the period, the company expects net income (loss) per share – fully diluted basis between $0.22 per share to $0.24 per share.Major Estimate Revision • Apr 29Consensus EPS estimates fall by 19%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from US$0.31 to US$0.25 per share. Revenue forecast steady at US$300.9m. Net income forecast to grow 14% next year vs 3.4% growth forecast for Office REITs industry in the US. Consensus price target of US$12.67 unchanged from last update. Share price was steady at US$11.68 over the past week.Declared Dividend • Apr 29Fourth quarter dividend of US$0.27 announcedDividend of US$0.27 is the same as last year. Ex-date: 8th May 2024 Payment date: 21st May 2024 Dividend yield will be 9.1%, which is higher than the industry average of 5.5%.お知らせ • Apr 27Easterly Government Properties, Inc. Announces Quarterly Dividend, Payable on May 21, 2024Easterly Government Properties, Inc. announced that its Board of Directors has approved a quarterly cash dividend of $0.265 per common share. The dividend will be payable on May 21, 2024 to shareholders of record on May 9, 2024.お知らせ • Apr 10Easterly Government Properties, Inc. to Report Q1, 2024 Results on Apr 30, 2024Easterly Government Properties, Inc. announced that they will report Q1, 2024 results on Apr 30, 2024お知らせ • Apr 06Easterly Government Properties, Inc., Annual General Meeting, May 17, 2024Easterly Government Properties, Inc., Annual General Meeting, May 17, 2024, at 13:00 US Eastern Standard Time. Location: at 2001 K Street, NW, Suite 775 North Washington, D.C. United States Agenda: To consider and elect the seven directors to serve on Board of Directors until next annual meeting of stockholders and until their successors are duly elected and qualified; to consider the compensation of named executive officers; to consider the frequency of stockholder advisory votes on the compensation of named executive officers; to consider and approve the Easterly Government Properties, Inc. 2024 Equity Incentive Plan; and to ratify the appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for the fiscal year ending December 31, 2024.Seeking Alpha • Mar 29Easterly Government: Dividend May Be Too AggressiveSummary Easterly Government Properties is a REIT focused on acquiring and developing properties leased to the U.S. government. The company has seen strong asset growth since its IPO in 2015, quadrupling leased square footage. DEA appears attractively valued with a 10.0x Fwd P/FFO and a 9.3% dividend yield. However, in 2023, DEA paid more in dividends than it generated in cash. If this trend persists, DEA's dividend could be at risk. Read the full article on Seeking AlphaMajor Estimate Revision • Mar 20Consensus EPS estimates fall by 21%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$305.2m to US$297.9m. EPS estimate also fell from US$0.28 per share to US$0.22 per share. Net income forecast to grow 6.0% next year vs 6.0% growth forecast for Office REITs industry in the US. Consensus price target down from US$13.33 to US$12.67. Share price fell 2.6% to US$11.34 over the past week.New Risk • Mar 11New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 11% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risks Dividend is not well covered by cash flows (106% cash payout ratio). Profit margins are more than 30% lower than last year (6.2% net profit margin). Shareholders have been diluted in the past year (11% increase in shares outstanding).お知らせ • Feb 29Easterly Government Properties, Inc. Provides Earnings Guidance for the Full-Year Ending December 31, 2024Easterly Government Properties, Inc. provided earnings guidance for the full-year ending December 31, 2024. For the year, the company expects net income per share – fully diluted basis to be between $0.22 to $0.24.New Risk • Feb 28New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.5% Last year net profit margin: 10% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.3x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (6.5% net profit margin). Shareholders have been diluted in the past year (4.4% increase in shares outstanding).Reported Earnings • Feb 28Full year 2023 earnings released: EPS: US$0.20 (vs US$0.34 in FY 2022)Full year 2023 results: EPS: US$0.20 (down from US$0.34 in FY 2022). Revenue: US$287.2m (down 3.3% from FY 2022). Net income: US$18.8m (down 39% from FY 2022). Profit margin: 6.5% (down from 10% in FY 2022). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Office REITs industry in the US. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.Upcoming Dividend • Feb 27Upcoming dividend of US$0.27 per shareEligible shareholders must have bought the stock before 05 March 2024. Payment date: 18 March 2024. Trailing yield: 9.3%. Within top quartile of American dividend payers (4.8%). Higher than average of industry peers (5.4%).Declared Dividend • Feb 25Third quarter dividend of US$0.27 announcedDividend of US$0.27 is the same as last year. Ex-date: 5th March 2024 Payment date: 18th March 2024 Dividend yield will be 9.1%, which is higher than the industry average of 5.5%.お知らせ • Feb 22Easterly Government Properties, Inc. Announces Quarterly Dividend, Payable on March 18, 2024Easterly Government Properties, Inc. announced that its Board of Directors has approved a quarterly cash dividend of $0.265 per common share. The dividend will be payable on March 18, 2024 to shareholders of record on March 6, 2024.お知らせ • Feb 07Easterly Government Properties, Inc. to Report Q4, 2023 Results on Feb 27, 2024Easterly Government Properties, Inc. announced that they will report Q4, 2023 results at 9:30 AM, US Eastern Standard Time on Feb 27, 2024New Risk • Jan 22New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Shareholders have been diluted in the past year (4.6% increase in shares outstanding).Seeking Alpha • Jan 18A REIT Vs. A Dividend Aristocrat: One Is A Good Buy, The Other A GoodbyeSummary Easterly Government Properties is a high-yield REIT with a stable revenue stream backed by long-term leases with the U.S. Government. DEA's dividend growth rate is low and there are concerns about its sustainability, making it a sell. Air Products and Chemicals is a global producer of industrial gases with a strong history of dividend growth and positive financial performance. Read the full article on Seeking AlphaSeeking Alpha • Dec 25Easterly Government: One Of The Safest ~8% Yields Amongst REITsSummary Easterly Government's 7.9% dividend yield is one of the most secure high yields in the REIT sector. The company's unique positioning with the U.S. government as its sole tenant provides stability and insulates it from common challenges faced by traditional office REITs. Easterly Government's long-term leases, inflation protection, and resilient performance make it an attractive choice for investors seeking income and potential appreciation. Read the full article on Seeking AlphaNew Risk • Dec 11New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Shareholders have been diluted in the past year (4.6% increase in shares outstanding).お知らせ • Dec 07+ 1 more updateEasterly Government Properties, Inc. Announces CEO ChangesEasterly Government Properties, Inc. announced Darrell Crate, the Co-Founder and current Chairman of the Board, has been appointed as Chief Executive Officer (CEO), effective January 1, 2024. In connection with Mr. Crate’s appointment, William C. Trimble, III will retire from his position CEO of Easterly effective December 31, 2023. Darrell Crate is currently the Chairman of the Board of Directors of Easterly Government Properties, Inc., a NYSE-listed company which he co-founded in 2015. He is also the Founder of Easterly Asset Management. Prior to founding Easterly, he served as the Chief Financial Officer of Affiliated Managers Group, Inc., a publicly traded asset management holding company that grew through acquisition. Darrell is also a Trustee Emeritus of Bates College, where he served for 18 years. Darrell earned his B.A. from Bates College and his M.B.A. from Columbia Business School.お知らせ • Nov 01Easterly Government Properties, Inc. Provides Earnings Guidance for the Year Ending December 31, 2023Easterly Government Properties, Inc. provided earnings guidance for the year ending December 31, 2023. for the year, the company expects Net income (loss) per share – fully diluted basis of $0.20 to $0.22.Upcoming Dividend • Nov 01Upcoming dividend of US$0.27 per share at 9.9% yieldEligible shareholders must have bought the stock before 08 November 2023. Payment date: 21 November 2023. Trailing yield: 9.9%. Within top quartile of American dividend payers (5.3%). Higher than average of industry peers (7.2%).Reported Earnings • Oct 31Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2023 results: EPS: US$0.057 (up from US$0.006 in 3Q 2022). Revenue: US$72.0m (down 5.1% from 3Q 2022). Net income: US$5.37m (up US$4.87m from 3Q 2022). Profit margin: 7.5% (up from 0.7% in 3Q 2022). Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 14%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Office REITs industry in the US. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.Seeking Alpha • Oct 3010%-Yielding Easterly Government Is Too Cheap To IgnoreSummary Easterly Government Properties has fallen by 39% over the past year and currently yields over 10%. DEA is the largest owner and lessor of Class A commercial properties leased to the U.S. Government, providing high assurance of rent collection. Despite concerns about higher interest rates and debt levels, DEA's lease structure allows for growth with inflation and the stock is trading significantly below book value. Read the full article on Seeking Alphaお知らせ • Oct 27Easterly Government Properties, Inc. Announces Quarterly Dividend, Payable on November 21, 2023Easterly Government Properties, Inc. announced that its Board of Directors has approved a quarterly cash dividend of $0.265 per common share. Thedividend will be payable on November 21, 2023 to shareholders of record on November 9, 2023.お知らせ • Oct 24Easterly Government Properties, Inc. (NYSE:DEA) acquired 35,005 leased square foot United States District Courthouse in Newport News, Virginia.Easterly Government Properties, Inc. (NYSE:DEA) acquired 35,005 leased square foot United States District Courthouse in Newport News, Virginia on October 23, 2023. Easterly Government Properties, Inc. (NYSE:DEA) completed the acquisition of 35,005 leased square foot United States District Courthouse in Newport News, Virginia on October 23, 2023.株主還元DEAUS Office REITsUS 市場7D-2.6%-2.6%1.4%1Y2.3%-9.1%25.7%株主還元を見る業界別リターン: DEA過去 1 年間で-9.1 % の収益を上げたUS Office REITs業界を上回りました。リターン対市場: DEAは、過去 1 年間で25.7 % のリターンを上げたUS市場を下回りました。価格変動Is DEA's price volatile compared to industry and market?DEA volatilityDEA Average Weekly Movement2.9%Office REITs Industry Average Movement4.7%Market Average Movement7.2%10% most volatile stocks in US Market16.8%10% least volatile stocks in US Market3.1%安定した株価: DEA 、 US市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: DEAの 週次ボラティリティ ( 3% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト201155Darrell Cratewww.easterlyreit.comイースタリー・ガバメント・プロパティーズ社は、主に米国政府に賃貸されるAクラスの商業用不動産の取得、開発、管理に重点を置いています。イースターの経験豊富な経営陣は、米国政府機関に直接または米国一般調達局（GSA）を通じて賃貸される物件について、ミッションクリティカルな米国政府機関の戦略とニーズに対する専門的な見識を有しています。イースタリー・ガバメント・プロパティーズ社は2011年にメリーランド州で法人化された。イースタリー・ガバメント・プロパティーズ社はワシントンD C.を拠点としている。もっと見るEasterly Government Properties, Inc. 基礎のまとめEasterly Government Properties の収益と売上を時価総額と比較するとどうか。DEA 基礎統計学時価総額US$1.19b収益（TTM）US$10.53m売上高(TTM)US$355.59m102.0xPER（株価収益率3.0xP/SレシオDEA は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計DEA 損益計算書（TTM）収益US$355.59m売上原価US$116.49m売上総利益US$239.11mその他の費用US$228.58m収益US$10.53m直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）0.23グロス・マージン67.24%純利益率2.96%有利子負債／自己資本比率126.4%DEA の長期的なパフォーマンスは？過去の実績と比較を見る配当金7.8%現在の配当利回り58%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/22 16:10終値2026/06/18 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Easterly Government Properties, Inc. 6 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。10 アナリスト機関John KimBMO Capital Markets Equity ResearchJuan SanabriaBMO Capital Markets Equity ResearchNicholas JosephCitigroup Inc7 その他のアナリストを表示
Seeking Alpha • May 01Easterly Government Properties: Rate Pressure Grows, But Major Opportunity RemainsSummary Easterly Government Properties remains a buy, supported by resilient government-backed leases and a significant margin of safety implied in the current valuation. DEA’s Q1 results were solid, with FFO in line and revenue slightly beating expectations; core FFO guidance was raised at the low end, reflecting new mezzanine lending activity. The company’s $1.5 billion long-term pipeline and sustainable ~7.77% yield are offset by high borrowing costs and macro risks, particularly from inflation and delayed Fed rate cuts. Intrinsic value is estimated well above current levels, indicating that the market already prices in substantial risk, leaving room for a potential re-rating. Read the full article on Seeking Alpha
Reported Earnings • Apr 28First quarter 2026 earnings released: FFO per share: US$0.8 (vs US$0.77 in 1Q 2025)First quarter 2026 results: FFO per share: US$0.8 (up from US$0.77 in 1Q 2025). Revenue: US$93.2m (up 16% from 1Q 2025). Funds from operations (FFO): US$36.7m (up 14% from 1Q 2025). FFO margin: 39% (in line with 1Q 2025). Revenue is forecast to grow 2.5% p.a. on average during the next 2 years, compared to a 2.6% growth forecast for the Office REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.
New Risk • Apr 27New major risk - Revenue and earnings growthEarnings have declined by 11% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.2x net interest cover). Earnings have declined by 11% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.6% net profit margin).
Declared Dividend • Apr 26Fourth quarter dividend of US$0.45 announcedDividend of US$0.45 is the same as last year. Ex-date: 7th May 2026 Payment date: 21st May 2026 Dividend yield will be 7.7%, which is higher than the industry average of 5.5%.
お知らせ • Apr 23Easterly Government Properties, Inc. Announces Quarterly Cash Dividend, Payable on May 21, 2026Easterly Government Properties, Inc. announced that its Board of Directors has approved a quarterly cash dividend of $0.45 per common share. The dividend will be payable on May 21, 2026 to shareholders of record on May 7, 2026.
お知らせ • Apr 09Easterly Government Properties, Inc. to Report Q1, 2026 Results on Apr 27, 2026Easterly Government Properties, Inc. announced that they will report Q1, 2026 results on Apr 27, 2026
Seeking Alpha • May 01Easterly Government Properties: Rate Pressure Grows, But Major Opportunity RemainsSummary Easterly Government Properties remains a buy, supported by resilient government-backed leases and a significant margin of safety implied in the current valuation. DEA’s Q1 results were solid, with FFO in line and revenue slightly beating expectations; core FFO guidance was raised at the low end, reflecting new mezzanine lending activity. The company’s $1.5 billion long-term pipeline and sustainable ~7.77% yield are offset by high borrowing costs and macro risks, particularly from inflation and delayed Fed rate cuts. Intrinsic value is estimated well above current levels, indicating that the market already prices in substantial risk, leaving room for a potential re-rating. Read the full article on Seeking Alpha
Reported Earnings • Apr 28First quarter 2026 earnings released: FFO per share: US$0.8 (vs US$0.77 in 1Q 2025)First quarter 2026 results: FFO per share: US$0.8 (up from US$0.77 in 1Q 2025). Revenue: US$93.2m (up 16% from 1Q 2025). Funds from operations (FFO): US$36.7m (up 14% from 1Q 2025). FFO margin: 39% (in line with 1Q 2025). Revenue is forecast to grow 2.5% p.a. on average during the next 2 years, compared to a 2.6% growth forecast for the Office REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.
New Risk • Apr 27New major risk - Revenue and earnings growthEarnings have declined by 11% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.2x net interest cover). Earnings have declined by 11% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.6% net profit margin).
Declared Dividend • Apr 26Fourth quarter dividend of US$0.45 announcedDividend of US$0.45 is the same as last year. Ex-date: 7th May 2026 Payment date: 21st May 2026 Dividend yield will be 7.7%, which is higher than the industry average of 5.5%.
お知らせ • Apr 23Easterly Government Properties, Inc. Announces Quarterly Cash Dividend, Payable on May 21, 2026Easterly Government Properties, Inc. announced that its Board of Directors has approved a quarterly cash dividend of $0.45 per common share. The dividend will be payable on May 21, 2026 to shareholders of record on May 7, 2026.
お知らせ • Apr 09Easterly Government Properties, Inc. to Report Q1, 2026 Results on Apr 27, 2026Easterly Government Properties, Inc. announced that they will report Q1, 2026 results on Apr 27, 2026
お知らせ • Mar 24Easterly Government Properties, Inc., Annual General Meeting, Apr 22, 2026Easterly Government Properties, Inc., Annual General Meeting, Apr 22, 2026. Location: four seasons hotel atlanta, located at 75 14th street ne, georgia 30309, atlanta United States
お知らせ • Feb 24Easterly Government Properties, Inc. Maintains Earnings Guidance for the Full Year Ending December 31, 2026Easterly Government Properties, Inc. maintained earnings guidance for the full year ending December 31, 2026. For the year, the company expects Net income (loss) per share – fully diluted basis to be from $0.35 to $0.42.
Reported Earnings • Feb 23Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: US$0.29 (down from US$0.46 in FY 2024). Revenue: US$336.1m (up 9.1% from FY 2024). Net income: US$13.0m (down 32% from FY 2024). Profit margin: 3.9% (down from 6.2% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.9%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Office REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.
Declared Dividend • Feb 22Third quarter dividend of US$0.45 announcedShareholders will receive a dividend of US$0.45. Ex-date: 5th March 2026 Payment date: 19th March 2026 Dividend yield will be 7.5%, which is higher than the industry average of 5.5%.
お知らせ • Feb 19Easterly Government Properties Announces Quarterly Cash Dividend, Payable on March 19, 2026Easterly Government Properties, Inc. announced that its Board of Directors has approved a quarterly cash dividend of $0.45 per common share. The dividend will be payable on March 19, 2026 to shareholders of record on March 5, 2026.
お知らせ • Feb 03Easterly Government Properties, Inc. to Report Q4, 2025 Results on Feb 23, 2026Easterly Government Properties, Inc. announced that they will report Q4, 2025 results on Feb 23, 2026
Major Estimate Revision • Nov 07Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from US$0.33 to US$0.29 per share. Revenue forecast steady at US$336.6m. Net income forecast to grow 34% next year vs 3.0% growth forecast for Office REITs industry in the US. Consensus price target of US$23.58 unchanged from last update. Share price was steady at US$21.37 over the past week.
Reported Earnings • Oct 28Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2025 results: FFO per share: US$0.8 (up from US$0.75 in 3Q 2024). Revenue: US$87.7m (up 15% from 3Q 2024). Funds from operations (FFO): US$34.8m (up 14% from 3Q 2024). FFO margin: 40% (in line with 3Q 2024). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 70%. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Office REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.
お知らせ • Oct 27Easterly Government Properties, Inc. Adjusts Earnings Guidance for the Year Ending December 31, 2025 and Provides Earnings Guidance for the Year Ending December 31, 2026Easterly Government Properties, Inc. adjusted earnings guidance for the year ending December 31, 2025 and provided earnings guidance for the year ending December 31, 2026. For the year 2025, the company expects net income per share – fully diluted basis to be between $0.32 to $0.36. For the year 2026, the company expects net income per share – fully diluted basis to be between $0.35 to $0.42.
Declared Dividend • Oct 27Second quarter dividend of US$0.45 announcedShareholders will receive a dividend of US$0.45. Ex-date: 7th November 2025 Payment date: 20th November 2025 Dividend yield will be 8.9%, which is higher than the industry average of 5.5%.
お知らせ • Oct 24Easterly Government Properties Announces Quarterly Dividend, Payable on November 20, 2025Easterly Government Properties, Inc. announced that its Board of Directors has approved a quarterly cash dividend of $0.45 per common share. The dividend will be payable on November 20, 2025 to shareholders of record on November 7, 2025.
お知らせ • Oct 08Easterly Government Properties, Inc. to Report Q3, 2025 Results on Oct 27, 2025Easterly Government Properties, Inc. announced that they will report Q3, 2025 results at 9:30 AM, US Eastern Standard Time on Oct 27, 2025
Major Estimate Revision • Aug 17Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from US$0.485 to US$0.425 per share. Revenue forecast steady at US$337.4m. Net income forecast to grow 30% next year vs 11% growth forecast for Office REITs industry in the US. Consensus price target up from US$23.24 to US$23.75. Share price was steady at US$21.94 over the past week.
Reported Earnings • Aug 05Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2025 results: EPS: US$0.09 (down from US$0.11 in 2Q 2024). Revenue: US$84.2m (up 8.6% from 2Q 2024). Net income: US$4.07m (down 9.0% from 2Q 2024). Profit margin: 4.8% (down from 5.8% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates by 36%. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Office REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 25% per year whereas the company’s share price has fallen by 22% per year.
お知らせ • Aug 05Easterly Government Properties, Inc. Maintains Earnings Guidance for the Twelve Months Ending December 31, 2025Easterly Government Properties, Inc. maintained earnings guidance for the twelve months ending December 31, 2025. For the year, the company expects Net income per share – fully diluted basis $0.48 - $0.53.
Declared Dividend • Aug 03First quarter dividend of US$0.45 announcedShareholders will receive a dividend of US$0.45. Ex-date: 13th August 2025 Payment date: 25th August 2025 Dividend yield will be 10%, which is higher than the industry average of 5.5%.
お知らせ • Jul 31Easterly Government Properties, Inc. Approves Quarterly Cash Dividend, Payable on August 25, 2025Easterly Government Properties, Inc. announced that its Board of Directors has approved a quarterly cash dividend of $0.45 per common share. The dividend will be payable on August 25, 2025 to shareholders of record on August 13, 2025.
お知らせ • Jul 14Easterly Government Properties, Inc. to Report Q2, 2025 Results on Aug 05, 2025Easterly Government Properties, Inc. announced that they will report Q2, 2025 results on Aug 05, 2025
Price Target Changed • May 09Price target increased by 25% to US$25.75Up from US$20.54, the current price target is an average from 6 analysts. New target price is 27% above last closing price of US$20.26. Stock is down 32% over the past year. The company is forecast to post earnings per share of US$0.51 for next year compared to US$0.46 last year.
Major Estimate Revision • May 06Consensus EPS estimates fall by 15%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from US$326.0m to US$333.6m. EPS estimate fell from US$0.60 to US$0.51 per share. Net income forecast to grow 22% next year vs 6.6% growth forecast for Office REITs industry in the US. Consensus price target down from US$26.88 to US$23.00. Share price was steady at US$20.30 over the past week.
New Risk • May 01New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 8.7% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.3x net interest cover). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
お知らせ • Apr 30Easterly Government Properties, Inc. Raises Earnings Guidance for the Twelve Months Ending December 31, 2025Easterly Government Properties, Inc. raised Earnings Guidance for the twelve months ending December 31, 2025. For the year, the company expected Net income(loss) per share – fully diluted basis to be in the range of $0.48 to $0.53.
Reported Earnings • Apr 29First quarter 2025 earnings: EPS and revenues miss analyst expectationsFirst quarter 2025 results: EPS: US$0.072 (down from US$0.11 in 1Q 2024). Revenue: US$78.7m (up 6.0% from 1Q 2024). Net income: US$3.13m (down 30% from 1Q 2024). Profit margin: 4.0% (down from 6.0% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 44%. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Office REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 25% per year and the company’s share price has also fallen by 25% per year.
Upcoming Dividend • Apr 28Upcoming dividend of US$0.18 per shareEligible shareholders must have bought the stock before 05 May 2025. Payment date: 17 May 2025. Trailing yield: 13%. Within top quartile of American dividend payers (4.9%). Higher than average of industry peers (5.3%).
お知らせ • Apr 21Easterly Government Properties, Inc., Annual General Meeting, May 22, 2025Easterly Government Properties, Inc., Annual General Meeting, May 22, 2025. Location: at 2001kstreet, nw, suite 775north, d.c. 20006, washington United States
Declared Dividend • Apr 13Fourth quarter dividend reduced to US$0.18Dividend of US$0.18 is 32% lower than last year. Ex-date: 5th May 2025 Payment date: 17th May 2025 Dividend yield will be 12%, which is higher than the industry average of 5.5%.
お知らせ • Apr 11Easterly Government Properties, Inc. to Report Q1, 2025 Results on Apr 29, 2025Easterly Government Properties, Inc. announced that they will report Q1, 2025 results on Apr 29, 2025
Valuation Update With 7 Day Price Move • Apr 10Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to US$8.23, the stock trades at a forward P/E ratio of 32x. Average trailing P/E is 65x in the Office REITs industry in the US. Total loss to shareholders of 48% over the past three years.
お知らせ • Apr 10Easterly Government Properties, Inc. Announces Quarterly Dividend, Payable on May 17, 2025Easterly Government Properties, Inc. announced that its Board of Directors has approved a reduction of $0.085, or approximately 32.0%, from the Company’s prior quarter dividend of $0.265 per share. The dividend will be payable on May 17, 2025 to shareholders of record on May 5, 2025.
Seeking Alpha • Mar 03Easterly Government Properties: DOGE Is Not A Threat To The DividendSummary Easterly Government Properties is now paying out a near-record 9.4% dividend yield, that's 112% covered by funds from operations. The REIT is trading at its lowest ever multiple to free cash flow at 7.2x, following negative DOGE sentiment. A weighted average remaining lease term of 10.1 years and mission-critical properties eliminate the threat of DOGE to the dividend. Read the full article on Seeking Alpha
お知らせ • Feb 26Easterly Government Properties, Inc. Provides Earnings Guidance for the Full Year Ending December 31, 2025Easterly Government Properties, Inc. provided earnings guidance for the full-year ending December 31, 2025. For the year, the company expected Net income per share – fully diluted basis to be in the range of $0.20 to $0.23.
Reported Earnings • Feb 26Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: US$0.19. Revenue: US$302.1m (up 3.2% from FY 2023). Net income: US$19.6m (up 7.4% from FY 2023). Profit margin: 6.5% (up from 6.2% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.3%. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Office REITs industry in the US.
Declared Dividend • Feb 23Third quarter dividend of US$0.27 announcedDividend of US$0.27 is the same as last year. Ex-date: 5th March 2025 Payment date: 17th March 2025 Dividend yield will be 9.8%, which is higher than the industry average of 5.5%.
Major Estimate Revision • Feb 22Consensus EPS estimates fall by 14%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from US$0.22 to US$0.19. Revenue forecast unchanged from US$300.8m at last update. Net income forecast to grow 38% next year vs 24% growth forecast for Office REITs industry in the US. Consensus price target of US$12.60 unchanged from last update. Share price was steady at US$10.79 over the past week.
お知らせ • Feb 04Easterly Government Properties, Inc. to Report Q4, 2024 Results on Feb 25, 2025Easterly Government Properties, Inc. announced that they will report Q4, 2024 results on Feb 25, 2025
Price Target Changed • Jan 03Price target decreased by 7.3% to US$12.67Down from US$13.67, the current price target is an average from 6 analysts. New target price is 10.0% above last closing price of US$11.52. Stock is down 14% over the past year. The company is forecast to post earnings per share of US$0.20 for next year compared to US$0.19 last year.
New Risk • Dec 16New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.3x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (5.9% net profit margin). Shareholders have been diluted in the past year (9.7% increase in shares outstanding).
Seeking Alpha • Dec 15Easterly Government And The DOGE: The Elon Musk EffectSummary Easterly Government Properties stock has dropped following news of the DOGE's cost-cutting plans. DOGE's $2 trillion budget cut plan targets redundant regulations and underutilized federal properties, posing minimal risk to DEA's revenue. The VA, a significant tenant for DEA, is unlikely to face cuts due to bipartisan support and public sentiment favoring veterans' services. DEA offers a durable 9% yield, with fears overblown and only 2-4% of revenues at risk, making it a solid investment amid political uncertainty. Read the full article on Seeking Alpha
Seeking Alpha • Dec 07Easterly Government Properties: Fears Are Overblown, I'm A Buyer Of This 9% YielderSummary Easterly Government Properties is a REIT focused on Class A properties leased to U.S. government agencies, offering stable cash flows and rent growth. DEA's Q3'24 results reaffirm my confidence with strong cash flow, disciplined FFO growth, and strategic acquisitions in government-adjacent sectors, despite a 12% share price dip. DEA's resilient lease portfolio, high-credit tenants, and focus on mission-critical assets provide stability, making it a compelling value with an 8.9% dividend yield. Potential risks include changes in government spending and interest rate hikes, but DEA's long-term leases and embedded rent growth mitigate these concerns. Read the full article on Seeking Alpha
New Risk • Nov 27New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.3x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (5.9% net profit margin). Shareholders have been diluted in the past year (9.7% increase in shares outstanding).
Seeking Alpha • Nov 10Easterly Government Properties: The Trump FactorSummary Easterly Government Properties is poised to benefit from President-elect Trump's second term due to potential increased government and defense spending. Despite elevated payout ratios and economic uncertainties, DEA has shown solid growth in core FFO, revenue, and acquisitions in 2024. DEA's valuation is attractive at a forward multiple of 11.65x, with potential upside if they deliver on growth expectations and interest rates decline. Risks include economic uncertainty impacting liquidity and dividend safety, but DEA's strong government tenant base and strategic acquisitions provide stability. Read the full article on Seeking Alpha
Reported Earnings • Nov 07Third quarter 2024 earnings: EPS in line with expectations, revenues disappointThird quarter 2024 results: FFO per share: US$0.3. Revenue: US$76.4m (up 4.1% from 3Q 2023). Funds from operations (FFO): US$30.6m (up 2.2% from 3Q 2023). FFO margin: 40% (in line with 3Q 2023). Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, while revenues in the Office REITs industry in the US are expected to remain flat.
Declared Dividend • Nov 06Second quarter dividend of US$0.27 announcedDividend of US$0.27 is the same as last year. Ex-date: 15th November 2024 Payment date: 27th November 2024 Dividend yield will be 7.8%, which is higher than the industry average of 5.5%.
お知らせ • Nov 05Easterly Government Properties, Inc. Provides Earnings Guidance for the Full-Year Ending December 31, 2025Easterly Government Properties, Inc. provided earnings guidance for the full-year ending December 31, 2025. For the period, the company expects net income per share – fully diluted basis between $0.24 per share to $0.28 per share.
お知らせ • Nov 01Easterly Government Properties, Inc. Approves Quarterly Cash Dividend, Payable on November 27, 2024Easterly Government Properties, Inc. announced that its board of directors has approved a quarterly cash dividend of $0.265 per common share. The dividend will be payable on November 27, 2024 to shareholders of record on November 15, 2024.
New Risk • Oct 21New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (9.1% increase in shares outstanding).
お知らせ • Oct 16Easterly Government Properties, Inc. to Report Q3, 2024 Results on Nov 05, 2024Easterly Government Properties, Inc. announced that they will report Q3, 2024 results at 9:30 AM, US Eastern Standard Time on Nov 05, 2024
新しいナラティブ • Sep 24Calculated Growth In Government-Centric Real Estate Promises Steady Gains Specialization in facilities for U.S. government agencies ensures stable revenue due to a reliable tenant base and reduced operational risks.
New Risk • Sep 16New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (9.1% increase in shares outstanding).
New Risk • Sep 10New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (9.1% increase in shares outstanding).
Seeking Alpha • Sep 08Easterly Government Properties: Become The Landlord Of The US Government With An 8% Dividend YieldSummary Easterly Government Properties focuses on high-quality, government-leased Class A properties, ensuring stable cash flows and high occupancy rates. DEA's recent acquisitions and quarterly performance indicate decent FFO growth potential, with a steady 8% dividend yield that appears safe. Despite balance sheet risks, DEA's valuation is compelling trading below REIT peers, and so it offers a significant buying opportunity. The company's revenue and FFO growth, supported by long-term leases and inflation-linked rental structures, justify a 'buy' rating for income-oriented investors. Read the full article on Seeking Alpha
New Risk • Aug 26New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (9.1% increase in shares outstanding).
お知らせ • Aug 24Easterly Government Properties, Inc. Announces Resignation of Meghan G. Baivier as President and Chief Operating Officer, Effective September 13, 202On August 15, 2024, Meghan G. Baivier, President and Chief Operating Officer of Easterly Government Properties, Inc. resigned from her positions with the Company, effective September 13, 2024. Ms. Baivier resigned to pursue another opportunity, and there were no disagreements between the Company and Ms. Baivier on any matter regarding its operations, policies or practices. The Company is grateful for Ms. Baivier’s many contributions and wishes her well in her next endeavor.
Seeking Alpha • Aug 06Easterly Government Properties: I'm Buying The Drop On This 8% YieldSummary Treasury Bonds have seen increased interest due to rising yields backed by the U.S. government's credit. With potential rate cuts looming, bond yields have fallen, posing reinvestment risks for investors with maturing bonds. Easterly Government Properties leases to the U.S. government. It carries a far higher yield than Treasury Bonds and has strong fundamentals. Read the full article on Seeking Alpha
Reported Earnings • Aug 01Second quarter 2024 earnings: Revenues and EPS in line with analyst expectationsSecond quarter 2024 results: EPS: US$0.045 (down from US$0.053 in 2Q 2023). Revenue: US$76.2m (up 4.7% from 2Q 2023). Net income: US$4.61m (down 6.9% from 2Q 2023). Profit margin: 6.0% (down from 6.8% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Office REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 15% per year.
Major Estimate Revision • Jul 26Consensus EPS estimates fall by 30%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from US$0.27 to US$0.19. Revenue forecast unchanged from US$301.3m at last update. Net income forecast to shrink 1.6% next year vs 28% growth forecast for Office REITs industry in the US . Consensus price target of US$12.60 unchanged from last update. Share price rose 3.9% to US$13.95 over the past week.
Upcoming Dividend • Jul 25Upcoming dividend of US$0.27 per shareEligible shareholders must have bought the stock before 01 August 2024. Payment date: 13 August 2024. Trailing yield: 7.8%. Within top quartile of American dividend payers (4.4%). Higher than average of industry peers (5.1%).
お知らせ • Jul 18Easterly Government Properties, Inc. Announces Quarterly Cash Dividend, Payable on August 13, 2024Easterly Government Properties, Inc. announced that its Board of Directors has approved a quarterly cash dividend of $0.265 per common share. The dividend will be payable on August 13, 2024 to shareholders of record on August 1, 2024.
お知らせ • Jul 11Easterly Government Properties, Inc. to Report Q2, 2024 Results on Jul 31, 2024Easterly Government Properties, Inc. announced that they will report Q2, 2024 results on Jul 31, 2024
New Risk • Jun 11New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risks Dividend is not well covered by cash flows (105% cash payout ratio). Profit margins are more than 30% lower than last year (6.4% net profit margin). Shareholders have been diluted in the past year (9.1% increase in shares outstanding).
Major Estimate Revision • Jun 02Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$306.4m to US$303.2m. EPS estimate also fell from US$0.27 per share to US$0.235 per share. Net income forecast to grow 13% next year vs 24% growth forecast for Office REITs industry in the US. Consensus price target of US$12.33 unchanged from last update. Share price was steady at US$11.84 over the past week.
Seeking Alpha • May 22Easterly Government Properties: Will Lower Interest Rates And A New CEO Help This REIT Get Back To Growth?Summary Easterly Government Properties expects to achieve 2% FFO growth for 2024 and beyond, despite challenges in the economic environment. DEA is a REIT focused on acquiring and developing properties for the U.S. government, with a portfolio of 93 properties across 26 states. The company has potential for future growth through property acquisitions and has a solid balance sheet with manageable debt maturities. DEA's cash available for distribution grew year-over-year, but was still not enough to cover the current dividend with a payout ratio above 100%. However, management stated they have no plans to cut the dividend. If the company can't execute on its growth strategies, then a dividend cut may be inevitable in the medium to long term. Read the full article on Seeking Alpha
Reported Earnings • May 01First quarter 2024 earnings: EPS and revenues miss analyst expectationsFirst quarter 2024 results: EPS: US$0.045 (up from US$0.041 in 1Q 2023). Revenue: US$72.8m (flat on 1Q 2023). Net income: US$4.63m (up 24% from 1Q 2023). Profit margin: 6.4% (up from 5.2% in 1Q 2023). Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) also missed analyst estimates by 27%. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Office REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings.
お知らせ • May 01Easterly Government Properties, Inc. Provides Earnings Guidance for the Full-Year 2024Easterly Government Properties, Inc. provided earnings guidance for the full-year 2024. For the period, the company expects net income (loss) per share – fully diluted basis between $0.22 per share to $0.24 per share.
Major Estimate Revision • Apr 29Consensus EPS estimates fall by 19%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from US$0.31 to US$0.25 per share. Revenue forecast steady at US$300.9m. Net income forecast to grow 14% next year vs 3.4% growth forecast for Office REITs industry in the US. Consensus price target of US$12.67 unchanged from last update. Share price was steady at US$11.68 over the past week.
Declared Dividend • Apr 29Fourth quarter dividend of US$0.27 announcedDividend of US$0.27 is the same as last year. Ex-date: 8th May 2024 Payment date: 21st May 2024 Dividend yield will be 9.1%, which is higher than the industry average of 5.5%.
お知らせ • Apr 27Easterly Government Properties, Inc. Announces Quarterly Dividend, Payable on May 21, 2024Easterly Government Properties, Inc. announced that its Board of Directors has approved a quarterly cash dividend of $0.265 per common share. The dividend will be payable on May 21, 2024 to shareholders of record on May 9, 2024.
お知らせ • Apr 10Easterly Government Properties, Inc. to Report Q1, 2024 Results on Apr 30, 2024Easterly Government Properties, Inc. announced that they will report Q1, 2024 results on Apr 30, 2024
お知らせ • Apr 06Easterly Government Properties, Inc., Annual General Meeting, May 17, 2024Easterly Government Properties, Inc., Annual General Meeting, May 17, 2024, at 13:00 US Eastern Standard Time. Location: at 2001 K Street, NW, Suite 775 North Washington, D.C. United States Agenda: To consider and elect the seven directors to serve on Board of Directors until next annual meeting of stockholders and until their successors are duly elected and qualified; to consider the compensation of named executive officers; to consider the frequency of stockholder advisory votes on the compensation of named executive officers; to consider and approve the Easterly Government Properties, Inc. 2024 Equity Incentive Plan; and to ratify the appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for the fiscal year ending December 31, 2024.
Seeking Alpha • Mar 29Easterly Government: Dividend May Be Too AggressiveSummary Easterly Government Properties is a REIT focused on acquiring and developing properties leased to the U.S. government. The company has seen strong asset growth since its IPO in 2015, quadrupling leased square footage. DEA appears attractively valued with a 10.0x Fwd P/FFO and a 9.3% dividend yield. However, in 2023, DEA paid more in dividends than it generated in cash. If this trend persists, DEA's dividend could be at risk. Read the full article on Seeking Alpha
Major Estimate Revision • Mar 20Consensus EPS estimates fall by 21%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$305.2m to US$297.9m. EPS estimate also fell from US$0.28 per share to US$0.22 per share. Net income forecast to grow 6.0% next year vs 6.0% growth forecast for Office REITs industry in the US. Consensus price target down from US$13.33 to US$12.67. Share price fell 2.6% to US$11.34 over the past week.
New Risk • Mar 11New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 11% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risks Dividend is not well covered by cash flows (106% cash payout ratio). Profit margins are more than 30% lower than last year (6.2% net profit margin). Shareholders have been diluted in the past year (11% increase in shares outstanding).
お知らせ • Feb 29Easterly Government Properties, Inc. Provides Earnings Guidance for the Full-Year Ending December 31, 2024Easterly Government Properties, Inc. provided earnings guidance for the full-year ending December 31, 2024. For the year, the company expects net income per share – fully diluted basis to be between $0.22 to $0.24.
New Risk • Feb 28New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.5% Last year net profit margin: 10% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.3x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (6.5% net profit margin). Shareholders have been diluted in the past year (4.4% increase in shares outstanding).
Reported Earnings • Feb 28Full year 2023 earnings released: EPS: US$0.20 (vs US$0.34 in FY 2022)Full year 2023 results: EPS: US$0.20 (down from US$0.34 in FY 2022). Revenue: US$287.2m (down 3.3% from FY 2022). Net income: US$18.8m (down 39% from FY 2022). Profit margin: 6.5% (down from 10% in FY 2022). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Office REITs industry in the US. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Feb 27Upcoming dividend of US$0.27 per shareEligible shareholders must have bought the stock before 05 March 2024. Payment date: 18 March 2024. Trailing yield: 9.3%. Within top quartile of American dividend payers (4.8%). Higher than average of industry peers (5.4%).
Declared Dividend • Feb 25Third quarter dividend of US$0.27 announcedDividend of US$0.27 is the same as last year. Ex-date: 5th March 2024 Payment date: 18th March 2024 Dividend yield will be 9.1%, which is higher than the industry average of 5.5%.
お知らせ • Feb 22Easterly Government Properties, Inc. Announces Quarterly Dividend, Payable on March 18, 2024Easterly Government Properties, Inc. announced that its Board of Directors has approved a quarterly cash dividend of $0.265 per common share. The dividend will be payable on March 18, 2024 to shareholders of record on March 6, 2024.
お知らせ • Feb 07Easterly Government Properties, Inc. to Report Q4, 2023 Results on Feb 27, 2024Easterly Government Properties, Inc. announced that they will report Q4, 2023 results at 9:30 AM, US Eastern Standard Time on Feb 27, 2024
New Risk • Jan 22New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Shareholders have been diluted in the past year (4.6% increase in shares outstanding).
Seeking Alpha • Jan 18A REIT Vs. A Dividend Aristocrat: One Is A Good Buy, The Other A GoodbyeSummary Easterly Government Properties is a high-yield REIT with a stable revenue stream backed by long-term leases with the U.S. Government. DEA's dividend growth rate is low and there are concerns about its sustainability, making it a sell. Air Products and Chemicals is a global producer of industrial gases with a strong history of dividend growth and positive financial performance. Read the full article on Seeking Alpha
Seeking Alpha • Dec 25Easterly Government: One Of The Safest ~8% Yields Amongst REITsSummary Easterly Government's 7.9% dividend yield is one of the most secure high yields in the REIT sector. The company's unique positioning with the U.S. government as its sole tenant provides stability and insulates it from common challenges faced by traditional office REITs. Easterly Government's long-term leases, inflation protection, and resilient performance make it an attractive choice for investors seeking income and potential appreciation. Read the full article on Seeking Alpha
New Risk • Dec 11New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Shareholders have been diluted in the past year (4.6% increase in shares outstanding).
お知らせ • Dec 07+ 1 more updateEasterly Government Properties, Inc. Announces CEO ChangesEasterly Government Properties, Inc. announced Darrell Crate, the Co-Founder and current Chairman of the Board, has been appointed as Chief Executive Officer (CEO), effective January 1, 2024. In connection with Mr. Crate’s appointment, William C. Trimble, III will retire from his position CEO of Easterly effective December 31, 2023. Darrell Crate is currently the Chairman of the Board of Directors of Easterly Government Properties, Inc., a NYSE-listed company which he co-founded in 2015. He is also the Founder of Easterly Asset Management. Prior to founding Easterly, he served as the Chief Financial Officer of Affiliated Managers Group, Inc., a publicly traded asset management holding company that grew through acquisition. Darrell is also a Trustee Emeritus of Bates College, where he served for 18 years. Darrell earned his B.A. from Bates College and his M.B.A. from Columbia Business School.
お知らせ • Nov 01Easterly Government Properties, Inc. Provides Earnings Guidance for the Year Ending December 31, 2023Easterly Government Properties, Inc. provided earnings guidance for the year ending December 31, 2023. for the year, the company expects Net income (loss) per share – fully diluted basis of $0.20 to $0.22.
Upcoming Dividend • Nov 01Upcoming dividend of US$0.27 per share at 9.9% yieldEligible shareholders must have bought the stock before 08 November 2023. Payment date: 21 November 2023. Trailing yield: 9.9%. Within top quartile of American dividend payers (5.3%). Higher than average of industry peers (7.2%).
Reported Earnings • Oct 31Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2023 results: EPS: US$0.057 (up from US$0.006 in 3Q 2022). Revenue: US$72.0m (down 5.1% from 3Q 2022). Net income: US$5.37m (up US$4.87m from 3Q 2022). Profit margin: 7.5% (up from 0.7% in 3Q 2022). Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 14%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Office REITs industry in the US. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.
Seeking Alpha • Oct 3010%-Yielding Easterly Government Is Too Cheap To IgnoreSummary Easterly Government Properties has fallen by 39% over the past year and currently yields over 10%. DEA is the largest owner and lessor of Class A commercial properties leased to the U.S. Government, providing high assurance of rent collection. Despite concerns about higher interest rates and debt levels, DEA's lease structure allows for growth with inflation and the stock is trading significantly below book value. Read the full article on Seeking Alpha
お知らせ • Oct 27Easterly Government Properties, Inc. Announces Quarterly Dividend, Payable on November 21, 2023Easterly Government Properties, Inc. announced that its Board of Directors has approved a quarterly cash dividend of $0.265 per common share. Thedividend will be payable on November 21, 2023 to shareholders of record on November 9, 2023.
お知らせ • Oct 24Easterly Government Properties, Inc. (NYSE:DEA) acquired 35,005 leased square foot United States District Courthouse in Newport News, Virginia.Easterly Government Properties, Inc. (NYSE:DEA) acquired 35,005 leased square foot United States District Courthouse in Newport News, Virginia on October 23, 2023. Easterly Government Properties, Inc. (NYSE:DEA) completed the acquisition of 35,005 leased square foot United States District Courthouse in Newport News, Virginia on October 23, 2023.
