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Easterly Government Properties (DEA)
NYSE:DEA
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.07Last Year’s EPS
$0.04Same Quarter Last Year
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: -15.35%
|Next Earnings Date:Mar 04, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a generally positive outlook, with significant achievements in acquisitions and financial growth. Strategic expansions and partnerships with the U.S. government were emphasized as strengths, despite some challenges posed by market conditions and political uncertainties.Company Guidance
During the Easterly Government Properties Q3 2024 earnings call, the company provided guidance for future growth and financial performance. They are targeting a 2% to 3% core FFO growth year-over-year, supported by $139.5 million in acquisitions completed in 2024, with a robust pipeline of $1.5 billion in potential opportunities. The company aims to maintain a payout ratio below 100% by the end of 2026 and has introduced 2025 core FFO guidance ranging from $1.17 to $1.21 per share on a fully diluted basis. Easterly has also renewed all significant 2024 leases and expects consistent rent spreads in the mid- to high teens for 2025, while maintaining leverage in the 6.5% to 7.5% range. The company's strategy involves expanding its portfolio with mission-critical assets leased to government or government-adjacent tenants, with an acquisition pipeline targeting yields 50 to 100 basis points above their cost of capital.Successful Acquisition and Growth Strategy
Closed on $139.5 million of acquisitions in 2024, with 6 new assets. A robust pipeline of $1.5 billion in potential opportunities is being explored.
Positive Financial Performance
Reported core FFO per share growth to $0.30 and net income per share of $0.05.
Strong Partnership with U.S. Government
Acquired assets leased to Northrop Grumman and other government-related tenants, enhancing portfolio with mission-critical real estate.
Expanded Addressable Market
Increased market size by including assets leased to government contractors, aiming for sustained 2% to 3% core FFO growth.
Improved Cost of Capital
Cost of capital is improving, enabling acceleration of acquisition strategy and delivery of earnings growth.
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DEA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DEA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $13.20 | $13.10 | -0.76% |
| Jul 31, 2024 | $13.54 | $13.38 | -1.18% |
| Apr 30, 2024 | $10.97 | $10.98 | +0.09% |
| Feb 27, 2024 | $10.43 | $10.79 | +3.45% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Easterly Government Properties (DEA) report earnings?
Easterly Government Properties (DEA) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is Easterly Government Properties (DEA) earnings time?
Easterly Government Properties (DEA) earnings time is at Mar 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DEA EPS forecast?
DEA EPS forecast for the fiscal quarter 2024 (Q4) is $0.07.
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