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Dec 31, 2024
Easterly Q4 2024 Earnings Report
Reported results for the quarter and full year ended December 31, 2024.
Key Takeaways
Easterly Government Properties reported Q4 2024 results, including a net income of $5.7 million, or $0.05 per share, and Core FFO of $32.6 million, or $0.29 per share. The company acquired multiple properties and settled forward sales transactions, raising approximately $28.1 million.
Net income was $5.7 million, or $0.05 per share on a fully diluted basis.
Core FFO reached $32.6 million, or $0.29 per share on a fully diluted basis.
Acquired a facility leased to Northrop Grumman Systems Corporation in Aurora, Colorado.
Acquired a secure facility fully occupied by the Internal Revenue Service (IRS) in Ogden, Utah.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company is raising the lower end of its guidance for full-year 2025 Core FFO per share on a fully diluted basis at a range of $1.18 - $1.21.
Positive Outlook
- Net income (loss) per share – fully diluted basis $ 0.20 - $ 0.23
- Company’s share of real estate depreciation and amortization $ 0.97
- FFO per share – fully diluted basis $ 1.17 - $1.20
- Company’s share of depreciation of non-real estate assets $ 0.01
- Core FFO per share – fully diluted basis $ 1.18 - $1.21
Historical Earnings Impact
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Avg. Return Before/After Earnings
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