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Jun 30, 2020
Easterly Q2 2020 Earnings Report
Reported results for the quarter ended June 30, 2020, with increased FFO guidance for 2020.
Key Takeaways
Easterly Government Properties reported a net income of $4.2 million, or $0.05 per share, and FFO of $27.8 million, or $0.32 per share, for the quarter ended June 30, 2020. The company also increased its 2020 FFO guidance to a range of $1.23 - $1.25 per share.
Net income was $4.2 million, or $0.05 per share on a fully diluted basis.
FFO was $27.8 million, or $0.32 per share on a fully diluted basis.
FFO, as Adjusted was $27.0 million, or $0.31 per share on a fully diluted basis.
CAD was $23.4 million.
Forward Guidance
The Company is increasing its guidance for 2020 FFO per share on a fully diluted basis to a range of $1.23 - $1.25. 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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