NYSE$DEA
Easterly Government Properties Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Reported results for the quarter ended March 31, 2024.
Easterly Government Properties reported a net income of $4.9 million, or $0.05 per share, and Core FFO of $30.8 million, or $0.29 per share, for the quarter ended March 31, 2024. The company maintained its full-year 2024 Core FFO per share guidance at a range of $1.14 - $1.16.
- Net income of $4.9 million, or $0.05 per share on a fully diluted basis.
- Core FFO of $30.8 million, or $0.29 per share on a fully diluted basis.
- Received an investment grade issuer credit rating from Kroll Bond Rating Agency, LLC of BBB with Stable Outlook.
- Extended the maturity date of the Company's $100 million unsecured term loan executed in 2016 to January 30, 2025.
Headline financials
Revenue & EPS history
Easterly · Revenue · Quarterly
$72.8M
Revenue by segment
Easterly · $68.6M total across 3 segments · Q2 2021
- Rental Income$66.1M—96.3%
- Tenant Reimbursements$1.9M—2.8%
- Other Income$620K—0.9%
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 $1.14 - $1.16.
Tailwinds
- Closing of VA - Jacksonville through the JV at the Company’s pro rata share of approximately $41 million.
- $100 - $110 million of gross development-related investment during 2024.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+0.0%
Avg return
Earnings day
+0.5%
Avg return
5 days after
-0.8%
Avg return
30 days after
51%
23 / 45 earnings
Positive
+6.2%
Q2 2020
Best reaction
-6.1%
Q3 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.7% | +0.2% | +2.4% | |
| Q4 2025 | -2.2% | -3.5% | -10.0% | |
| Q3 2025 | -3.7% | -3.9% | -2.7% | |
| Q1 2025 | -4.2% | +1.3% | +5.3% | |
| Q4 2024 | +6.0% | +4.4% | -2.0% | |
| Q3 2024 | +0.6% | +0.4% | -12.0% | |
| Q2 2024 | -4.1% | -6.3% | -7.0% | |
| Q1 2024 | -1.1% | +1.7% | +0.0% | |
| Q4 2023 | +4.0% | +5.1% | +1.3% | |
| Q3 2023 | +2.1% | +11.7% | +11.2% | |
| Q2 2023 | +1.8% | +1.2% | -12.3% | |
| Q1 2023 | +0.1% | +1.9% | -2.1% | |
| Q4 2022 | +0.3% | +0.7% | -9.6% | |
| Q3 2022 | -4.9% | -6.6% | -10.7% | |
| Q2 2022 | -5.0% | -6.7% | -11.6% | |
| Q1 2022 | +3.4% | +1.6% | +4.6% | |
| Q4 2021 | +2.0% | +5.7% | +3.3% | |
| Q3 2021 | +0.7% | +0.3% | +0.9% | |
| Q2 2021 | -1.0% | +0.7% | -3.2% | |
| Q1 2021 | -1.6% | -1.0% | -0.9% | |
| Q4 2020 | +1.2% | -2.6% | -5.5% | |
| Q3 2020 | +4.4% | +2.5% | +3.1% | |
| Q2 2020 | +6.2% | +6.3% | +0.2% | |
| Q1 2020 | +1.8% | +4.4% | -0.1% | |
| Q4 2019 | -0.6% | -5.0% | -5.4% | |
| Q3 2019 | +4.0% | +4.7% | +6.0% | |
| Q2 2019 | +1.8% | +1.9% | +8.9% | |
| Q1 2019 | -4.0% | -1.0% | +1.4% | |
| Q4 2018 | -1.3% | +1.9% | +1.4% | |
| Q3 2018 | -1.1% | +0.3% | +0.2% | |
| Q2 2018 | +2.6% | +2.0% | +4.4% | |
| Q1 2018 | -2.2% | -2.7% | -4.7% | |
| Q4 2017 | +2.6% | +4.6% | +7.1% | |
| Q3 2017 | +1.3% | +0.2% | +2.2% | |
| Q2 2017 | -1.5% | -1.6% | -1.1% | |
| Q1 2017 | +0.1% | +0.4% | +5.6% | |
| Q4 2016 | -1.5% | -2.5% | -4.9% | |
| Q3 2016 | +0.6% | +0.2% | +6.1% | |
| Q2 2016 | -1.5% | -1.8% | +0.8% | |
| Q1 2016 | -0.7% | — | — | |
| Q4 2015 | +1.1% | — | — | |
| Q3 2015 | -6.1% | — | — | |
| Q2 2015 | -0.3% | — | — | |
| Q1 2015 | +1.4% | — | — | |
| Q4 2014 | -0.8% | — | — | |
| Q3 2014 | — | — | — | |
| Q2 2014 | — | — | — | |
| Q1 2014 | — | — | — | |
| Q4 2013 | — | — | — | |
| Q3 2013 | — | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — |
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