NYSE:DEAOffice REITs
Easterly Government Properties Virginia Deal And What It Means For Valuation
Easterly Government Properties (NYSE:DEA) has completed a $44.5 million acquisition of a three asset portfolio in Virginia.
The properties are described as mission critical government facilities with long term leases.
The transaction was completed at a high cash cap rate and is characterized by the company as immediately accretive.
For investors watching NYSE:DEA, this deal adds fresh context to a stock that is trading at $23.56 and has returned 10.6% year to date, despite a 9.0% decline...