Easterly Government Properties: Fourth Quarter Earnings Overview

Easterly Government Properties Announces Fourth Quarter Financial Results

Easterly Government Properties Inc., a real estate investment trust headquartered in Washington, D.C., has released its financial performance for the fourth quarter.

During this period, the company reported funds from operations totaling $36.8 million, which equates to $0.77 per share. This metric, commonly used in the REIT sector, reflects net income with adjustments for factors like depreciation and amortization.

Net income for the quarter reached $4.6 million, or $0.10 per share. Additionally, the company generated $87 million in revenue over the same timeframe.

For the entire year, Easterly Government Properties reported funds from operations of $140.1 million and total revenue of $336.1 million.

Looking ahead, the company anticipates full-year funds from operations to fall between $3.05 and $3.12 per share.