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Jun 30, 2024
Easterly Q2 2024 Earnings Report
Reported results for the quarter ended June 30, 2024.
Key Takeaways
Easterly Government Properties reported a net income of $4.9 million, or $0.04 per share, and Core FFO of $31.4 million, or $0.29 per share for the quarter ended June 30, 2024. The company executed a new $400.0 million senior unsecured revolving credit facility and acquired land for the future development of a Federal courthouse in Flagstaff, Arizona. They also acquired three facilities in Texas and Florida.
Net income of $4.9 million, or $0.04 per share on a fully diluted basis
Core FFO of $31.4 million, or $0.29 per share on a fully diluted basis
Used $8.4 million of available cash to extinguish the mortgage note obligation on VA - Golden
Executed a new $400.0 million senior unsecured revolving credit facility
Revenue by Segment
Forward Guidance
The Company is maintaining its guidance for full-year 2024 Core FFO per share on a fully diluted basis at a range of $1.15 - $1.17, as previously increased on May 8, 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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