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Mar 31, 2022
Easterly Q1 2022 Earnings Report
Reported results for the quarter ended March 31, 2022.
Key Takeaways
Easterly Government Properties reported net income of $8.3 million, or $0.08 per share on a fully diluted basis for the quarter ended March 31, 2022. FFO was $33.1 million, or $0.33 per share on a fully diluted basis and FFO, as Adjusted was $32.0 million, or $0.31 per share on a fully diluted basis. CAD was $28.8 million.
Net income of $8.3 million, or $0.08 per share on a fully diluted basis
FFO of $33.1 million, or $0.33 per share on a fully diluted basis
FFO, as Adjusted of $32.0 million, or $0.31 per share on a fully diluted basis
CAD of $28.8 million
Forward Guidance
The Company is maintaining its guidance for 2022 FFO per share on a fully diluted basis in a range of $1.34 - $1.36.
Positive Outlook
- Guidance assumes $200.0 – $250.0 million of wholly owned acquisitions
- Guidance assumes the closing of properties in the VA Portfolio totaling approximately $145.0 million at the Company’s pro rata share
- Guidance assumes up to $10.0 million of gross development-related investment during 2022.
- Net income (loss) per share – fully diluted basis is expected to be between $0.27 and $0.29
- Real estate depreciation and amortization is expected to be $1.07
Historical Earnings Impact
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Avg. Return Before/After Earnings
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