Earnings ·
Reports Q3 Core FFO of $0.78 per share and raises full-year guidance to $3.08-$3.13
DEAEasterly Government Properties, Inc.
Easterly Government Properties reported third-quarter net income of $5.7 million, or $0.12 per diluted share, driven by core funds from operations (Core FFO) of $38.0 million, or $0.78 per diluted share. The company used $6.4 million to extinguish a mortgage note on USFS II - Albuquerque and received full repayment of the $35.6 million Bedford construction loan ahead of schedule. Management raised its 2026 Core FFO guidance range to $3.08-$3.13 per share from a previous lower end of $3.08, while issuing 2027 guidance of $3.09-$3.17. The board approved a quarterly dividend of $0.45 per share payable November 20 to record holders on November 5. Easterly Government Properties is a real estate investment trust focused on acquiring and managing Class A commercial properties leased to the U.S. Government.