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DEA

Easterly Government Properties NYSE:DEA Stock Report

Last Price

US$19.14

Market Cap

US$1.9b

7D

1.2%

1Y

-7.2%

Updated

21 May, 2022

Data

Company Financials +
DEA fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance5/6
Financial Health1/6
Dividends4/6

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.

Easterly Government Properties Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Easterly Government Properties
Historical stock prices
Current Share PriceUS$19.14
52 Week HighUS$23.65
52 Week LowUS$18.01
Beta0.50
1 Month Change-6.41%
3 Month Change-7.22%
1 Year Change-7.22%
3 Year Change2.57%
5 Year Change-3.53%
Change since IPO23.48%

Recent News & Updates

May 10

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

DEAUS REITsUS Market
7D1.2%-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

Is DEA's price volatile compared to industry and market?
DEA volatility
DEA Average Weekly Movement3.1%
REITs Industry Average Movement4.4%
Market Average Movement7.9%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.0%

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

FoundedEmployeesCEOWebsite
n/a53Bill Trimblehttps://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

How do Easterly Government Properties's earnings and revenue compare to its market cap?
DEA fundamental statistics
Market CapUS$1.95b
Earnings (TTM)US$29.92m
Revenue (TTM)US$283.06m

65.2x

P/E Ratio

6.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DEA income statement (TTM)
RevenueUS$283.06m
Cost of RevenueUS$92.84m
Gross ProfitUS$190.22m
Other ExpensesUS$160.31m
EarningsUS$29.92m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.33
Gross Margin67.20%
Net Profit Margin10.57%
Debt/Equity Ratio85.6%

How did DEA perform over the long term?

See historical performance and comparison

Dividends

5.5%

Current Dividend Yield

71%

Payout Ratio

Valuation

Is Easterly Government Properties undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation 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 ($43.55)

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 (33.5x).

PE vs Market: DEA is poor value based on its PE Ratio (65.2x) compared to the US market (15.3x).


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

3/6

Future 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

5/6

Past 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

1/6

Financial 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

4/6

Dividend 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/21 00:00
End of Day Share Price2022/05/20 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.