Easterly Government Properties Management

Management criteria checks 3/4

Easterly Government Properties' CEO is Darrell Crate, appointed in Jan 2024, has a tenure of less than a year. total yearly compensation is $2.67M, comprised of 21.5% salary and 78.5% bonuses, including company stock and options. directly owns 0.16% of the company’s shares, worth €1.99M. The average tenure of the management team and the board of directors is 2.8 years and 9.3 years respectively.

Key information

Darrell Crate

Chief executive officer

US$2.7m

Total compensation

CEO salary percentage	21.5%
CEO tenure	less than a year
CEO ownership	0.2%
Management average tenure	2.8yrs
Board average tenure	9.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Darrell Crate's remuneration changed compared to Easterly Government Properties's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$19m
Dec 31 2023	US$3m	US$575k	US$18m
Sep 30 2023	n/a	n/a	US$30m
Jun 30 2023	n/a	n/a	US$25m
Mar 31 2023	n/a	n/a	US$27m
Dec 31 2022	US$3m	US$525k	US$31m
Sep 30 2022	n/a	n/a	US$22m
Jun 30 2022	n/a	n/a	US$29m
Mar 31 2022	n/a	n/a	US$30m
Dec 31 2021	US$3m	US$525k	US$30m
Sep 30 2021	n/a	n/a	US$25m
Jun 30 2021	n/a	n/a	US$21m
Mar 31 2021	n/a	n/a	US$17m
Dec 31 2020	US$3m	US$525k	US$12m
Sep 30 2020	n/a	n/a	US$11m
Jun 30 2020	n/a	n/a	US$7m
Mar 31 2020	n/a	n/a	US$9m
Dec 31 2019	US$3m	US$500k	US$7m
Sep 30 2019	n/a	n/a	US$6m
Jun 30 2019	n/a	n/a	US$7m
Mar 31 2019	n/a	n/a	US$3m
Dec 31 2018	US$2m	US$325k	US$5m
Sep 30 2018	n/a	n/a	US$6m
Jun 30 2018	n/a	n/a	US$5m
Mar 31 2018	n/a	n/a	US$4m
Dec 31 2017	US$750k	US$275k	US$4m

Compensation vs Market: Darrell's total compensation ($USD2.67M) is above average for companies of similar size in the German market ($USD1.63M).

Compensation vs Earnings: Darrell's compensation has been consistent with company performance over the past year.

CEO

Darrell Crate (56 yo)

less than a year

Tenure

US$2,674,165

Compensation

Mr. Darrell William Crate serves as Director at Easterly Government Properties, Inc. since February 2015. He was Executive Chairman of Board of Directors of Easterly Government Properties, Inc. since Febru...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Darrell Crate	CEO & Director	less than a year	US$2.67m	0.16% $ 2.0m
Michael Ibe	Vice Chairman of the Board and Executive VP of Development & Acquisitions	9.3yrs	US$2.69m	0.020% $ 259.7k
Meghan Baivier	Executive VP	9yrs	US$2.35m	0.0071% $ 90.8k
Allison Marino	Executive VP	2.8yrs	US$726.48k	0.011% $ 136.6k
Daniel Powers	Vice President of Corporate Finance	2.3yrs	no data	no data
Lindsay Winterhalter	Senior Vice President of Investor Relations & Operations	less than a year	no data	no data
Franklin Logan	Executive VP	6.3yrs	no data	0.0010% $ 13.0k
Andrew Pulliam	Executive Vice President of Acquisitions & Portfolio Management	no data	no data	no data
Mark Bauer	Executive Vice President of Development	no data	no data	no data
Nick Nimerala	Senior VP & Chief Asset Officer	no data	no data	no data
John Burns	Executive Vice President of Government Relations	no data	no data	0.00019% $ 2.4k
Stephanie Smarr	Supervisory VP & Head of Asset Management Operations	no data	no data	no data

2.8yrs

Average Tenure

53yo

Average Age

Experienced Management: E05's management team is considered experienced (2.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Darrell Crate	CEO & Director	9.3yrs	US$2.67m	0.16% $ 2.0m
Michael Ibe	Vice Chairman of the Board and Executive VP of Development & Acquisitions	9.3yrs	US$2.69m	0.020% $ 259.7k
Emil Henry	Independent Director	9.3yrs	US$189.99k	0.047% $ 600.2k
Cynthia Fisher	Independent Director	9.3yrs	US$214.99k	0.11% $ 1.5m
William Binnie	Independent Chairman	9.3yrs	US$215.01k	0.033% $ 423.2k
Scott Freeman	Independent Director	4yrs	US$189.99k	0.023% $ 294.3k
Tara Innes	Independent Director	4.3yrs	US$214.99k	0.0081% $ 102.5k

9.3yrs

Average Tenure

62yo

Average Age

Experienced Board: E05's board of directors are considered experienced (9.3 years average tenure).

Easterly Government Properties Management

Management criteria checks 3/4

Key information

Recent management updates

Easterly Government Properties, Inc., Annual General Meeting, May 17, 2024

Easterly Government Properties, Inc. Announces CEO Changes

Insufficient new directors

Easterly Government Properties, Inc., Annual General Meeting, May 03, 2022

Executive Chairman of the Board recently sold €127k worth of stock

Recent updates

First quarter 2024 earnings released: EPS: US$0.045 (vs US$0.041 in 1Q 2023)

Easterly Government Properties, Inc. Provides Earnings Guidance for the Full-Year 2024

New minor risk - Shareholder dilution

Fourth quarter dividend of US$0.27 announced

Easterly Government Properties, Inc. Announces Quarterly Dividend, Payable on May 21, 2024

Easterly Government Properties, Inc. to Report Q1, 2024 Results on Apr 30, 2024

Easterly Government Properties, Inc., Annual General Meeting, May 17, 2024

New minor risk - Shareholder dilution

New minor risk - Shareholder dilution

Easterly Government Properties, Inc. Provides Earnings Guidance for the Full-Year Ending December 31, 2024

Full year 2023 earnings released: EPS: US$0.20 (vs US$0.34 in FY 2022)

Upcoming dividend of US$0.27 per share

Third quarter dividend of US$0.27 announced

Easterly Government Properties, Inc. Announces Quarterly Dividend, Payable on March 18, 2024

New minor risk - Shareholder dilution

Easterly Government Properties, Inc. to Report Q4, 2023 Results on Feb 27, 2024

New minor risk - Shareholder dilution

New minor risk - Shareholder dilution

Easterly Government Properties, Inc. Announces CEO Changes

Easterly Government Properties, Inc. Provides Earnings Guidance for the Year Ending December 31, 2023

Upcoming dividend of US$0.27 per share at 9.9% yield

Easterly Government Properties, Inc. Announces Quarterly Dividend, Payable on November 21, 2023

Easterly Government Properties, Inc. (NYSE:DEA) acquired 35,005 leased square foot United States District Courthouse in Newport News, Virginia.

Easterly Government Properties, Inc. to Report Q3, 2023 Results on Oct 31, 2023

Easterly Government Properties, Inc. (NYSE:DEA) acquired 95,273 SF Specialized Facility in Anaheim, California.

Easterly Government Properties, Inc. (NYSE:DEA) acquired 97,969 SF Department of Homeland Security Facility in Atlanta, Georgia.

Easterly Government Properties, Inc. (NYSE:DEA) acquired 69,276 leased square foot outpatient facility located in Corpus Christi, Texas.

New minor risk - Shareholder dilution

New major risk - Revenue and earnings growth

Upcoming dividend of US$0.27 per share at 7.1% yield

Easterly Government Properties Announces Quarterly Cash Dividend, Payable on August 29, 2023

Easterly Government Properties, Inc. to Report Q2, 2023 Results on Aug 08, 2023

Upcoming dividend of US$0.27 per share at 7.7% yield

Insufficient new directors

Easterly Government Properties, Inc. to Report Q4, 2022 Results on Feb 28, 2023

An unknown buyer completed the acquisition of Portfolio of Nine Properties in USA from Easterly Government Properties, Inc. (NYSE:DEA).

An unknown buyer agreed to acquire Portfolio of Nine Properties in USA from Easterly Government Properties, Inc. (NYSE:DEA) for approximately $210 million.

Third quarter 2022 earnings released: FFO per share: US$0.4 (vs US$0.37 in 3Q 2021)

Upcoming dividend of US$0.27 per share

An unknown buyer acquired Portfolio of Nine Properties in USA from Easterly Government Properties, Inc. (NYSE:DEA).

Easterly Government Properties Announces Quarterly Dividend, Payable on November 23, 2022

Easterly Government Properties, Inc. to Report Q3, 2022 Results on Nov 01, 2022

Second quarter 2022 earnings released: FFO: US$73.6m per share (vs US$0.38 in 2Q 2021)

Upcoming dividend of US$0.27 per share

Easterly Government Properties Announces Quarterly Dividend, Payable on August 23, 2022

Easterly Government Properties, Inc. to Report Q2, 2022 Results on Aug 02, 2022

Easterly Government Properties, Inc. (NYSE:DEA) acquired 138,000 SF FBI Field Office in Tampa, Florida.

Easterly Government Properties, Inc. (NYSE:DEA) acquired 161,730 SF National Archives and Record Administration Federal Records Center in Broomfield, Colorad. for $15 million.

Upcoming dividend of US$0.27 per share

Easterly Government Properties, Inc. Affirms Earnings Guidance for Fiscal Ending March 31, 2022

First quarter 2022 earnings released: EPS: US$0.081 (vs US$0.084 in 1Q 2021)

Easterly Government Properties, Inc. Approves Quarterly Cash Dividend, Payable on May 25, 2022

Easterly Government Properties, Inc. to Report Q1, 2022 Results on May 03, 2022

Easterly Government Properties, Inc., Annual General Meeting, May 03, 2022

Executive Chairman of the Board recently sold €127k worth of stock

Upcoming dividend of US$0.27 per share

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Easterly Government Properties, Inc. Provides Earnings Guidance for the Year Ended December 31, 2022

Easterly Government Properties, Inc. Announces Quarterly Dividend, Payable on March 22, 2022

Easterly Government Properties, Inc. to Report Q4, 2021 Results on Feb 28, 2022

Upcoming dividend of US$0.27 per share

Third quarter 2021 earnings released: FFO US$0.37 per share (vs US$0.37 in 3Q 2020)

An unknown buyer acquired 11,590 SF Social Security Administration Facility located in Mission Viejo, California from Easterly Government Properties, Inc. (NYSE:DEA).

Upcoming dividend of US$0.27 per share

Second quarter 2021 earnings released: EPS US$0.098 (vs US$0.048 in 2Q 2020)

Easterly Government Properties, Inc. Announces Earnings Guidance for the Year 2021

Easterly Government Properties, Inc.(NYSE:DEA) dropped from Russell 3000 Growth Index

Chief Accounting Officer, Executive VP & Principal Accounting Officer Alison Bernard has left the company

Easterly Government Properties, Inc. (NYSE:DEA) acquired 94,378 Square Foot National Weather Service Facility in Kansas City, Missouri.

First quarter 2021 earnings released: EPS US$0.085 (vs US$0.022 in 1Q 2020)