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Mar 31, 2023
Easterly Q1 2023 Earnings Report
Reported results for the quarter ended March 31, 2023.
Key Takeaways
Easterly Government Properties reported a net income of $4.4 million, or $0.04 per share, and a Core FFO of $29.5 million, or $0.29 per share, for the quarter ended March 31, 2023. The company paid off the $15.7 million outstanding balance of the mortgage on DEA - Pleasanton, and entered into three SOFR-based interest rate swaps.
Net income of $4.4 million, or $0.04 per share on a fully diluted basis
Core FFO of $29.5 million, or $0.29 per share on a fully diluted basis
Paid off the full $15.7 million outstanding balance of the mortgage on DEA - Pleasanton
Entered into three SOFR-based interest rate swaps, each with a notional value of $100.0 million, that were designated as cash flow hedges of interest rate risk.
Forward Guidance
The Company is maintaining its guidance for full-year 2023 Core FFO per share on a fully diluted basis in a range of $1.12 - $1.15.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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