| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 3/6 |
| Past Performance | 5/6 |
| Financial Health | 1/6 |
| Dividends | 4/6 |
DEA Stock Overview
Easterly Government Properties, Inc. (NYSE:DEA) is based in Washington, D.C., and focuses primarily on the acquisition, development and management of Class A commercial properties that are leased to the U.S.
Rewards
Risk Analysis
Easterly Government Properties Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$19.14 |
| 52 Week High | US$23.65 |
| 52 Week Low | US$18.01 |
| Beta | 0.50 |
| 1 Month Change | -5.39% |
| 3 Month Change | -7.22% |
| 1 Year Change | -7.22% |
| 3 Year Change | 2.57% |
| 5 Year Change | -3.53% |
| Change since IPO | 23.48% |
Recent News & Updates
Easterly Government Properties: Stable Dividends Courtesy Of The U.S. Government
Easterly Government Properties, Inc. generates substantially all their revenues via the leasing of properties to the U.S. Government. The stability of the cash flows is backed by the full faith and credit of a government that has never experienced a financial default. The spread between the company's 52-week range is less than $5.50. The limited volatility is starkly in contrast to the significant gyrations in the broader market. Prospective investors would benefit from the bond-like nature of the stock, in addition to the stability afforded by the shares in an otherwise unstable market.
Shareholder Returns
| DEA | US REITs | US Market | |
|---|---|---|---|
| 7D | 1.2% | -2.0% | -2.7% |
| 1Y | -7.2% | -2.0% | -12.9% |
Return vs Industry: DEA underperformed the US REITs industry which returned -2% over the past year.
Return vs Market: DEA exceeded the US Market which returned -12.9% over the past year.
Price Volatility
| DEA volatility | |
|---|---|
| DEA Average Weekly Movement | 3.1% |
| REITs Industry Average Movement | 4.4% |
| Market Average Movement | 7.8% |
| 10% most volatile stocks in US Market | 16.9% |
| 10% least volatile stocks in US Market | 2.9% |
Stable Share Price: DEA is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: DEA's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| n/a | 53 | Bill Trimble | https://www.easterlyreit.com |
Easterly Government Properties, Inc. (NYSE:DEA) is based in Washington, D.C., and focuses primarily on the acquisition, development and management of Class A commercial properties that are leased to the U.S. Government. Easterly’s experienced management team brings specialized insight into the strategy and needs of mission-critical U.S.
Easterly Government Properties Fundamentals Summary
| DEA fundamental statistics | |
|---|---|
| Market Cap | US$1.95b |
| Earnings (TTM) | US$29.92m |
| Revenue (TTM) | US$283.06m |
65.2x
P/E Ratio6.9x
P/S RatioIs DEA overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| DEA income statement (TTM) | |
|---|---|
| Revenue | US$283.06m |
| Cost of Revenue | US$92.84m |
| Gross Profit | US$190.22m |
| Other Expenses | US$160.31m |
| Earnings | US$29.92m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.33 |
| Gross Margin | 67.20% |
| Net Profit Margin | 10.57% |
| Debt/Equity Ratio | 85.6% |
How did DEA perform over the long term?
See historical performance and comparisonDividends
5.5%
Current Dividend Yield71%
Payout RatioValuation
Is Easterly Government Properties undervalued compared to its fair value and its price relative to the market?
Valuation Score
3/6Valuation Score 3/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: DEA ($19.14) is trading below our estimate of fair value ($43.56)
Significantly Below Fair Value: DEA is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: DEA is poor value based on its PE Ratio (65.2x) compared to the US REITs industry average (33.4x).
PE vs Market: DEA is poor value based on its PE Ratio (65.2x) compared to the US market (15.2x).
Price to Earnings Growth Ratio
PEG Ratio: DEA is poor value based on its PEG Ratio (4.7x)
Price to Book Ratio
PB vs Industry: DEA is good value based on its PB Ratio (1.5x) compared to the US REITs industry average (1.7x).
Future Growth
How is Easterly Government Properties forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Future Growth Score
3/6Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
13.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DEA's forecast earnings growth (13.8% per year) is above the savings rate (1.9%).
Earnings vs Market: DEA's earnings (13.8% per year) are forecast to grow faster than the US market (12.5% per year).
High Growth Earnings: DEA's earnings are forecast to grow, but not significantly.
Revenue vs Market: DEA's revenue (9.1% per year) is forecast to grow faster than the US market (7.8% per year).
High Growth Revenue: DEA's revenue (9.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: DEA's Return on Equity is forecast to be low in 3 years time (2.6%).
Past Performance
How has Easterly Government Properties performed over the past 5 years?
Past Performance Score
5/6Past Performance Score 5/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
44.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DEA has high quality earnings.
Growing Profit Margin: DEA's current net profit margins (10.6%) are higher than last year (6.7%).
Past Earnings Growth Analysis
Earnings Trend: DEA's earnings have grown significantly by 44.8% per year over the past 5 years.
Accelerating Growth: DEA's earnings growth over the past year (76.9%) exceeds its 5-year average (44.8% per year).
Earnings vs Industry: DEA earnings growth over the past year (76.9%) exceeded the REITs industry 69.5%.
Return on Equity
High ROE: DEA's Return on Equity (2.4%) is considered low.
Financial Health
How is Easterly Government Properties's financial position?
Financial Health Score
1/6Financial Health Score 1/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: DEA's short term assets ($77.1M) exceed its short term liabilities ($55.6M).
Long Term Liabilities: DEA's short term assets ($77.1M) do not cover its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: DEA's net debt to equity ratio (85%) is considered high.
Reducing Debt: DEA's debt to equity ratio has increased from 49.4% to 85.6% over the past 5 years.
Debt Coverage: DEA's debt is not well covered by operating cash flow (9.5%).
Interest Coverage: DEA's interest payments on its debt are not well covered by EBIT (1.8x coverage).
Balance Sheet
Dividend
What is Easterly Government Properties's current dividend yield, its reliability and sustainability?
Dividend Score
4/6Dividend Score 4/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
5.54%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: DEA's dividend (5.54%) is higher than the bottom 25% of dividend payers in the US market (1.58%).
High Dividend: DEA's dividend (5.54%) is in the top 25% of dividend payers in the US market (4.11%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, DEA has been paying a dividend for less than 10 years.
Growing Dividend: DEA's dividend payments have increased, but the company has only paid a dividend for 7 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (71.5%), DEA's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (92.7%), DEA's dividend payments are covered by cash flows.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
6.5yrs
Average management tenure
CEO
Bill Trimble (59 yo)
7.25yrs
Tenure
US$4,988,474
Compensation
Mr. William C. Trimble, also known as Bill, III, serves as the Chief Executive Officer, President and Director of Easterly Government Properties, Inc. since February 5, 2015. Mr. Trimble is responsible for...
CEO Compensation Analysis
Compensation vs Market: Bill's total compensation ($USD4.99M) is about average for companies of similar size in the US market ($USD5.44M).
Compensation vs Earnings: Bill's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: DEA's management team is seasoned and experienced (6.5 years average tenure).
Board Members
Experienced Board: DEA's board of directors are considered experienced (7.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: DEA insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 8.2%.
Top Shareholders
Company Information
Easterly Government Properties, Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: Easterly Government Properties, Inc.
- Ticker: DEA
- Exchange: NYSE
- Founded: NaN
- Industry: Office REITs
- Sector: Real Estate
- Implied Market Cap: US$1.950b
- Market Cap: US$1.737b
- Shares outstanding: 101.88m
- Website: https://www.easterlyreit.com
Number of Employees
Location
- Easterly Government Properties, Inc.
- 2101 L Street NW
- Suite 650
- Washington
- District Of Columbia
- 20037
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/05/22 00:00 |
| End of Day Share Price | 2022/05/20 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.