Easterly Government Properties (DEA) Tops Q4 EPS by 1c, Beats on Revenues

Easterly Government Properties (NYSE: DEA) reported Q4 EPS of $0.03, $0.01 better than the analyst estimate of $0.02. Revenue for the quarter came in at $36.33 million versus the consensus estimate of $35.83 million.

Highlights for the Quarter Ended December 31, 2017:

• Net income of $1.5 million, or $0.03 per share on a fully diluted basis
• FFO of $16.6 million, or $0.32 per share on a fully diluted basis
• FFO, as Adjusted of $14.3 million, or $0.27 per share on a fully diluted basis
• CAD of $12.1 million
• Completed the acquisition of a Department of Veterans Affairs (VA) outpatient clinic just outside of South Bend, Indiana
• Purchased the re-development rights to a 210,373 square foot Federal Emergency Management Agency (FEMA) distribution center in Tracy, California (“FEMA - Tracy”)
• Portfolio occupancy at 100%

For earnings history and earnings-related data on Easterly Government Properties (DEA) click here.

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