Easterly Government Properties Management
Management criteria checks 4/4
Easterly Government Properties' CEO is Darrell Crate, appointed in Jan 2024, has a tenure of 9.92 years. 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 $2.21M. The average tenure of the management team and the board of directors is 3.2 years and 9.9 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 | 3.2yrs |
| Board average tenure | 9.9yrs |
Recent management updates
Recent updates
Easterly Government And The DOGE: The Elon Musk Effect
Dec 15Easterly Government Properties: Fears Are Overblown, I'm A Buyer Of This 9% Yielder
Dec 07Easterly Government Properties: The Trump Factor
Nov 10Easterly Government Properties: Become The Landlord Of The US Government With An 8% Dividend Yield
Sep 08Easterly Government Properties: I'm Buying The Drop On This 8% Yield
Aug 06Easterly Government Properties: Will Lower Interest Rates And A New CEO Help This REIT Get Back To Growth?
May 22Easterly Government: Dividend May Be Too Aggressive
Mar 29A REIT Vs. A Dividend Aristocrat: One Is A Good Buy, The Other A Goodbye
Jan 18Easterly Government: One Of The Safest ~8% Yields Amongst REITs
Dec 2510%-Yielding Easterly Government Is Too Cheap To Ignore
Oct 30Easterly Government Properties: Viewed Neutrally Despite Positive Developments
Aug 22Easterly Government Properties: At Risk Of A Dividend Cut
Aug 01Easterly Government Properties: Not Enough Catalysts For Outperformance
Jun 14Easterly Government Properties: 7.6% Yield Not Worth It
Jun 02Easterly Government declares $0.265 dividend
Feb 22Easterly Government Properties: Great Tenant, Some Portfolio Questions
Jan 02CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$18m |
| Jun 30 2024 | n/a | n/a | US$18m |
| 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$5m |
Compensation vs Market: Darrell's total compensation ($USD2.67M) is below average for companies of similar size in the US market ($USD5.42M).
Compensation vs Earnings: Darrell's compensation has been consistent with company performance over the past year.
CEO
Darrell Crate (57 yo)
less than a year
Tenure
US$2,674,165
Compensation
Mr. Darrell William Crate is President of Easterly Government Properties, Inc. since September 13, 2024 and serves as its Chief Executive Officer since January 01, 2024 and also serves as Director since Fe...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | less than a year | US$2.67m | 0.16% $ 2.2m | |
| Vice Chairman of the Board and Executive VP of Development & Acquisitions | 9.9yrs | US$2.69m | 0.020% $ 270.5k | |
| Executive VP | 3.4yrs | US$726.48k | 0.010% $ 142.4k | |
| Vice President of Corporate Finance | 3yrs | no data | no data | |
| Senior Vice President of Investor Relations & Operations | less than a year | no data | no data | |
| Executive VP | 7yrs | no data | no data | |
| Executive Vice President of Acquisitions & Portfolio Management | no data | no data | no data | |
| Executive Vice President of Development | no data | no data | no data | |
| Senior VP & Chief Asset Officer | no data | no data | no data | |
| Executive Vice President of Government Relations | no data | no data | 0.00019% $ 2.6k | |
| Supervisory VP & Head of Asset Management Operations | no data | no data | no data | |
| VP of Asset Management & Head of Engineering and Project Delivery | no data | no data | no data |
3.2yrs
Average Tenure
55.5yo
Average Age
Experienced Management: DEA's management team is considered experienced (3.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 9.9yrs | US$2.67m | 0.16% $ 2.2m | |
| Vice Chairman of the Board and Executive VP of Development & Acquisitions | 9.9yrs | US$2.69m | 0.020% $ 270.5k | |
| Independent Director | 9.9yrs | US$189.99k | 0.055% $ 747.8k | |
| Independent Director | 9.9yrs | US$214.99k | 0.12% $ 1.6m | |
| Independent Chairman | 9.9yrs | US$215.01k | 0.032% $ 440.8k | |
| Independent Director | 4.7yrs | US$189.99k | 0.032% $ 429.1k | |
| Independent Director | 4.9yrs | US$214.99k | 0.015% $ 197.2k |
9.9yrs
Average Tenure
63yo
Average Age
Experienced Board: DEA's board of directors are considered experienced (9.9 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/05 15:13 |
| End of Day Share Price | 2025/01/03 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Easterly Government Properties, Inc. is covered by 11 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| John Kim | BMO Capital Markets Equity Research |
| Merrill Ross | Boenning & Scattergood, Inc. |
| Nicholas Joseph | Citigroup Inc |