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Jun 30, 2022
Easterly Q2 2022 Earnings Report
Reported results for the quarter ended June 30, 2022.
Key Takeaways
Easterly Government Properties reported net income of $8.1 million, or $0.08 per share, FFO of $33.4 million, or $0.33 per share, and FFO, as Adjusted of $33.7 million, or $0.33 per share for the quarter ended June 30, 2022. The company acquired properties leased to the Department of Veterans Affairs and the National Archives and Records Administration.
Net income of $8.1 million, or $0.08 per share on a fully diluted basis
FFO of $33.4 million, or $0.33 per share on a fully diluted basis
FFO, as Adjusted of $33.7 million, or $0.33 per share on a fully diluted basis
CAD of $29.5 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
- Wholly owned acquisitions of $200.0 – $250.0 million
- Closing of properties in the VA Portfolio totaling approximately $145.0 million at the Company’s pro rata share
- Up to $10.0 million of gross development-related investment during 2022
Historical Earnings Impact
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Avg. Return Before/After Earnings
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