Easterly Government Properties (DEA) Reports In-Line Q3 EPS, Revenues Miss; Offers FY18 & FY19 EPS Outlooks Below Consensus

Easterly Government Properties (NYSE: DEA) reported Q3 EPS of $0.04, in-line with the analyst estimate of $0.04. Revenue for the quarter came in at $39.44 million versus the consensus estimate of $40.16 million.

“This quarter has seen the largest acquisition volume of any single quarter since the Company’s IPO,” said William C. Trimble III, Easterly’s Chief Executive Officer. “We are growing the portfolio in an accretive manner and introducing new, important agencies that help generate stable, recurring cashflows backed by the full faith and credit of the U.S. Government.”

GUIDANCE:

Easterly Government Properties sees FY2018 EPS of $0.13-$0.16, versus the consensus of $0.21.

Easterly Government Properties sees FY2019 EPS of $0.06-$0.10, versus the consensus of $0.27.

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

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