Education
About Us
Working with TipRanks
Follow Us
Easterly Government Properties (DEA)
NYSE:DEA
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.06Last Year’s EPS
0.04Same Quarter Last Year
Based on 4 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Feb 25, 2025
|% Change Since: 0.19%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Positive
The earnings call presented a positive outlook with strong core FFO growth, strategic acquisitions, and successful lease renewals, despite challenges related to deferred maintenance liabilities and potential government spending cuts. Financial management actions such as debt restructuring and interest rate swaps provide stability and flexibility.Company Guidance
During the Easterly Government Properties Fourth Quarter 2024 Earnings Conference Call, the company provided robust guidance and highlighted several key metrics. The company reported a net income per share of $0.05 for the quarter and $0.19 for the year, while core funds from operations (FFO) per share grew by 3% year-over-year, reaching $0.29 for the quarter and $1.17 for the year, hitting the upper end of their raised guidance. Cash available for distribution was noted at $25.1 million for the quarter and $100.9 million for the year. Easterly also mentioned the successful delivery of 3% earnings growth attributed to an expanded total addressable market, including 10 new assets acquired in 2024. Looking forward, the company raised the bottom end of its core FFO guidance for 2025 to a range of $1.18 to $1.21 per share, assuming $100 million in fully owned acquisitions and $25 million to $75 million in gross development-related investment. The company remains optimistic about its strategic initiatives, including extending a $100 million senior unsecured term loan maturity to 2028, with options to further extend to 2030, and entering into an interest rate swap to mitigate rate exposure.Core FFO Growth
Core FFO per share grew 3% year over year in Q4 2024, reaching $0.29. For the full year, core FFO met the upper end of guidance at $1.17.
Successful Lease Renewals
Renewed a 33,000 square foot firm term lease for the US Army Corps of Engineers, with 95% of the portfolio comprised of firm term leases.
Strategic Acquisitions and Expansions
Closed ten new assets in 2024, expanding the portfolio and leasing to investment-grade government-adjacent tenants like Northrop Grumman.
Pipeline and Guidance for 2025
Raised 2025 core FFO guidance to a range of $1.18 to $1.21, assuming $100 million in fully owned acquisitions and $25 million to $75 million of gross development-related investment.
Debt Management and Financial Flexibility
Amended a $100 million senior unsecured term loan agreement, extending maturity to 2028 with options to extend to 2030, alongside an interest rate swap for greater rate exposure certainty.
---
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
---
DEA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 25, 2025 | $10.55 | $11.18 | +5.97% |
| Nov 05, 2024 | $12.89 | $12.79 | -0.78% |
| Jul 31, 2024 | $13.22 | $13.06 | -1.21% |
| Apr 30, 2024 | $10.71 | $10.72 | +0.09% |
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.
---
FAQ
When does Easterly Government Properties (DEA) report earnings?
Easterly Government Properties (DEA) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is Easterly Government Properties (DEA) earnings time?
Easterly Government Properties (DEA) earnings time is at May 06, 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 2025 (Q1) is 0.06.
---