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Dec 31, 2019
Easterly Q4 2019 Earnings Report
Reported results for the quarter and year ended December 31, 2019.
Key Takeaways
Easterly Government Properties reported net income of $1.6 million, FFO of $25.3 million, and FFO, as Adjusted of $25.9 million for the quarter ended December 31, 2019. The company acquired a USCIS facility in Tustin, California and a VA outpatient facility in the Northeast Region. They also issued shares of common stock through their ATM program, raising gross proceeds of approximately $32.0 million.
Net income of $1.6 million, or $0.02 per share on a fully diluted basis
FFO of $25.3 million, or $0.30 per share on a fully diluted basis
FFO, as Adjusted of $25.9 million, or $0.31 per share on a fully diluted basis
CAD of $22.4 million
Forward Guidance
The Company is reiterating its guidance for 2020 FFO per share on a fully diluted basis in a range of $1.22 - $1.24. This guidance assumes $200 million of acquisitions and $40 - $50 million of gross development-related investment during 2020.
Positive Outlook
- FFO per share – fully diluted basis is expected to be between $1.22 and $1.24
Historical Earnings Impact
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Avg. Return Before/After Earnings
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