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Jun 30, 2023
Easterly Q2 2023 Earnings Report
Reported results for the quarter ended June 30, 2023.
Key Takeaways
Easterly Government Properties reported a net income of $5.8 million, or $0.05 per share, and Core FFO of $30.3 million, or $0.29 per share, for the quarter ended June 30, 2023. The company owned 86 operating properties as of June 30, 2023.
Net income was $5.8 million, or $0.05 per share on a fully diluted basis.
Core FFO was $30.3 million, or $0.29 per share on a fully diluted basis.
Recognized as a 2022 Premier Member by the U.S. Environmental Protection Agency’s ENERGY STAR Certification Nation.
Named one of the 2023 Best Places to Work in the Greater Washington region by the Washington Business Journal.
Forward Guidance
The Company is raising the low end of its full-year 2023 Core FFO guidance per share on a fully diluted basis guidance to a range of $1.13 - $1.15.
Positive Outlook
- Closing of VA - Corpus Christi through the JV at the Company’s pro rata share of approximately $21 million
- Approximately $50 million of wholly owned acquisitions
- Up to $15 million of gross development-related investment during 2023
Historical Earnings Impact
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Avg. Return Before/After Earnings
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