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Mar 31, 2021
Easterly Q1 2021 Earnings Report
Easterly reported first quarter results, driven by strategic acquisitions and portfolio management.
Key Takeaways
Easterly Government Properties reported a net income of $7.9 million, or $0.09 per share on a fully diluted basis, and FFO of $30.2 million, or $0.33 per share on a fully diluted basis for the quarter ended March 31, 2021. The company also acquired a 176,550-square foot mission critical LEED Certified portfolio.
Net income of $7.9 million, or $0.09 per share on a fully diluted basis
FFO of $30.2 million, or $0.33 per share on a fully diluted basis
FFO, as Adjusted of $28.3 million, or $0.31 per share on a fully diluted basis
CAD of $24.4 million
Forward Guidance
The Company is maintaining its guidance for 2021 FFO per share on a fully diluted basis in a range of $1.28 - $1.30. This guidance assumes $200 million of acquisitions and $25 million of gross development-related investment during 2021.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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