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Dec 31, 2020
Easterly Q4 2020 Earnings Report
Announced results for the quarter and full year ended December 31, 2020
Key Takeaways
Easterly Government Properties reported net income of $2.6 million, or $0.03 per share on a fully diluted basis, and FFO of $29.7 million, or $0.32 per share on a fully diluted basis for the quarter ended December 31, 2020. The company acquired several properties and disposed of a former DEA facility during the quarter. They are maintaining their guidance for 2021 FFO per share on a fully diluted basis in a range of $1.28 - $1.30.
Net income of $2.6 million, or $0.03 per share on a fully diluted basis
FFO of $29.7 million, or $0.32 per share on a fully diluted basis
FFO, as Adjusted of $27.4 million, or $0.30 per share on a fully diluted basis
Acquired a 97,718-square foot Department of Veterans Affairs (VA) Consolidated Mail Outpatient Pharmacy in North Charleston, South Carolina
Revenue by Segment
Forward Guidance
The Company is maintaining its guidance for 2021 FFO per share on a fully diluted basis in a range of $1.28 - $1.30. This guidance assumes $200 million of acquisitions and $25 million of gross development-related investment during 2021.
Positive Outlook
- Net income (loss) per share – fully diluted basis $ 0.28
- Net income (loss) per share – fully diluted basis $ 0.30
- Plus: real estate depreciation and amortization $ 1.00
- FFO per share – fully diluted basis $ 1.28
- FFO per share – fully diluted basis $ 1.30
Historical Earnings Impact
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Avg. Return Before/After Earnings
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