Overview
Easterly Government Properties Q3 net income decreases yr/yr
Core FFO for Q3 increases to $35.6 mln, supporting growth strategy
Company acquired new properties and issued shares to raise $16.8 mln
Outlook
Company adjusts 2025 Core FFO per share guidance to $2.98 - $3.02
Company issues 2026 Core FFO per share guidance at $3.05 - $3.12
Result Drivers
ACQUISITIONS - Easterly acquired a facility leased to York Space Systems and land for a laboratory in Florida, supporting growth
SHARE ISSUANCE - Issued 750,000 shares raising $16.8 mln through ATM Program, aiding financial strategy
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Rental Income | $82.21 mln | ||
Q3 Net Income | $1.24 mln | ||
Q3 Adjusted FFO | $35.60 mln |
Press Release: ID:nBw2TjfSLa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)