Overview

* Easterly's Q2 net income falls to $4.3 mln

* Company implements 1-for-2.5 reverse stock split effective April 28, 2025

* Core FFO rises to $34.6 mln, maintains full-year guidance

Outlook

* Company maintains full-year 2025 Core FFO guidance at $2.98-$3.03 per share

* Easterly expects $140 mln in acquisitions during 2025

* Company anticipates $25-$75 mln in development investments in 2025

Result Drivers

* ACQUISITIONS - Easterly acquired facilities leased to DC Government and DHS, enhancing its portfolio of government-leased properties

* REVERSE STOCK SPLIT - Implemented a 1-for-2.5 reverse stock split, adjusting share structure and authorized shares

* FORWARD SALES - Raised $5.3 mln in net proceeds through forward sales transactions, contributing to capital structure optimization

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $80.37

Rental mln

Income

Q2 Net $4.25

Income mln

Q2 $34.60

Adjusted mln

FFO

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the commercial reits peer group is "buy."

* Wall Street's median 12-month price target for Easterly Government Properties Inc ( DEA ) is $24.25, about 8.1% above its August 4 closing price of $22.29

* The stock recently traded at 35 times the next 12-month earnings vs. a P/E of 30 three months ago

Press Release:

(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.)