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Mar 31, 2020
Easterly Q1 2020 Earnings Report
Reported results for the quarter ended March 31, 2020.
Key Takeaways
Easterly Government Properties reported a net income of $1.9 million, or $0.02 per share, and FFO of $25.5 million, or $0.30 per share, for the quarter ended March 31, 2020. They acquired a DHA facility in Aurora, Colorado and an FBI/DEA Federal Justice Center in El Paso, Texas. The company is reiterating its guidance for 2020 FFO per share on a fully diluted basis in a range of $1.22 - $1.24.
Net income of $1.9 million, or $0.02 per share on a fully diluted basis
FFO of $25.5 million, or $0.30 per share on a fully diluted basis
FFO, as Adjusted of $24.4 million, or $0.29 per share on a fully diluted basis
CAD of $21.8 million
Forward Guidance
The Company is reiterating its guidance for 2020 FFO per share on a fully diluted basis in a range of $1.22 - $1.24. This guidance assumes $200 million of acquisitions and $40 - $50 million of gross development-related investment during 2020.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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