Easterly Government Properties(DEA)
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Easterly Government Properties(DEA) - 2025 Q1 - Quarterly Results
2025-04-29 10:45
Exhibit 99.2 Disclaimers Forward-looking Statement We make statements in this Supplemental Information Package that are considered "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act, which are usually identified by the use of words such as "anticipates," "believes," "estimates," "expects," "intends," "may," "plans," "projects," "seeks," "should ...
3 Bargain Buys Unfairly Sold Off With The Market
Seeking Alpha· 2025-04-24 14:25
Market Efficiency and Stock Price Movements - The market exhibits varying degrees of efficiency, particularly less efficient during erratic price movements, with recent intraday swings reaching up to 8 percentage points [1] - It is essential to differentiate between stocks that have declined for valid reasons and those that are merely affected by broader market movements [2] Categories of Stock Price Declines - Stock price declines can be categorized into two types: one where earnings decrease leading to a price drop, and another where multiples contract without a change in earnings [6] - The focus should be on investing in companies whose fundamentals remain intact despite a drop in multiples [2] Fundamental Impact on Stocks - Macro news tends to influence the entire market, often leading to mispricing, while individual stock news affects specific companies [3] - Companies like Apple (AAPL) are more susceptible to macroeconomic news, which can lead to a fundamental decline in earnings [4] Investment Opportunities in REITs - Centerspace (CSR), a midwestern apartment REIT, has seen a 13.7% decline in the last month, but its fundamentals remain strong due to decreasing apartment construction starts [5][11] - Broadstone Net Lease (BNL) has also experienced a 13% selloff, yet its long-term triple net lease structure ensures stable revenue growth [14][20] - Easterly Government Properties (DEA) faced a total drop of over 26% due to a dividend cut, but its earnings guidance remains unchanged, indicating a potential undervaluation [23][26] Market Reactions and Valuation - The market's reaction to dividend changes can lead to significant price drops that do not reflect the underlying fundamentals of the company [32] - The AFFO yield for DEA is now above 11%, suggesting it is undervalued compared to its reliable cash flows from long-term government leases [35] Conclusion on Investment Strategy - Market pricing inefficiencies create opportunities for investors to identify undervalued stocks that do not reflect their true fundamental value [36]
Our Top 10 High Growth Dividend Stocks - April 2025





Seeking Alpha· 2025-04-19 12:01
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Red Light Holland's Partner FDA-Compliant and DEA-Registered Irvine Labs Receives 2025 Psilocybin DEA Quotas, Including Import Quota
Newsfile· 2025-04-15 12:50
Core Viewpoint - Red Light Holland Corp. has achieved a significant milestone by securing the 2025 psilocybin DEA quotas through its research and development partner, Irvine Labs, enabling the import of natural psilocybin products from the Netherlands to the United States [1][4][7]. Group 1: Company Overview - Red Light Holland is an Ontario-based corporation focused on the production, growth, and sale of functional mushrooms and mushroom home grow kits in North America and Europe, as well as psilocybin truffles in the Netherlands [1][8]. - Irvine Labs, established in 1997, specializes in medical research and development, particularly in natural medicines, and is licensed for prescription and over-the-counter drug manufacturing [3][6]. Group 2: Partnership and Milestones - The partnership between Red Light Holland and Irvine Labs aims to develop a commercialized product for legal export to emerging markets and participation in government-funded pilot programs and clinical trials in the U.S. [5]. - The successful receipt of the 2025 psilocybin import quota by Irvine Labs is a critical milestone, allowing the companies to proceed with the import permit application process [4][7]. Group 3: Product Development and Innovation - Red Light Holland and Irvine Labs are focused on developing proprietary dehydration and packaging solutions to extend the shelf life of psilocybin microdosing capsules [4]. - The collaboration aims to address challenges in preserving psilocybin from natural compounds through advanced manufacturing and storage protocols [4].
This Stock Just Slashed Its Dividend -- Could It Still Be a Buy?
The Motley Fool· 2025-04-14 12:33
Usually, a dividend cut is a sign of big trouble, but this one could be for the right reasons.Easterly Government Properties (DEA -1.64%) not only announced a 32% dividend cut, but the real estate investment trust also announced a reverse split. While these are usually signs of trouble, in this video, you'll hear why Matt Frankel and Tyler Crowe aren't in panic mode just yet.*Stock prices used were the morning prices of April 9, 2025. The video was published on April 11, 2025. ...
Why Investors Were Bailing on Easterly Government Properties Stock Today
The Motley Fool· 2025-04-10 23:30
Few investors were happy with Thursday's stock market decline, but we should spare a thought or two for Easterly Government Properties (DEA -13.87%) shareholders.After all, the specialty real estate investment trust (REIT) had two quite discouraging pieces of news to report. Largely because of that, at the end of the day's trading session Easterly stock had lost nearly 14% of its value.Reversal in sentimentJust after market close on Wednesday, Easterly spilled the uncomfortable news that it was both enactin ...
Easterly Government Properties: DOGE Is Not A Threat To The Dividend
Seeking Alpha· 2025-03-03 17:01
Easterly Government Properties (NYSE: DEA ) has seen its stock price drop 22.4% from its all-time high since the November election. And while the January inauguration saw a flurry of executive orders [EO], for DEA, the EO that established the USThe equity market is a powerful mechanism as daily fluctuations in price get aggregated to incredible wealth creation or destruction over the long term. Pacifica Yield aims to pursue long-term wealth creation with a focus on undervalued yet high-growth companies, hig ...
Easterly Government Properties(DEA) - 2024 Q4 - Annual Report
2025-02-25 21:30
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended: December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from To Commission File Number: 001-36834 EASTERLY GOVERNMENT PROPERTIES, INC. (Exact name of registrant as specified in its charter) Maryland 47-2047728 (State or other jurisdic ...
Easterly Government Properties(DEA) - 2024 Q4 - Earnings Call Transcript
2025-02-25 19:12
Financial Data and Key Metrics Changes - For Q4 2024, net income per share was $0.05, and core FFO per share grew 3% year over year to $0.29 [18] - For the full year 2024, net income per share was $0.19, and core FFO met the upper end of guidance at $1.17 [18] - Cash available for distribution was $25.1 million for Q4 and $100.9 million for the full year [18][19] Business Line Data and Key Metrics Changes - 95% of the portfolio consists of firm term leases, with a weighted average remaining lease term of 10 years [13][27] - The company closed ten new assets in 2024, expanding its total addressable market [15] - The average age of the company's Class A assets is 15.7 years, contrasting with the federal government's average of over 50 years [10] Market Data and Key Metrics Changes - The GSA holds over $80 billion in deferred maintenance liabilities, a 57% increase from five years ago [9] - The FBI plans to relocate 1,500 agents from Washington, D.C. to field offices across the country, which may increase demand for the company's properties [14] Company Strategy and Development Direction - The company focuses on mission-critical facilities and has a strong pipeline of acquisition and development opportunities [16][38] - The strategy includes expanding into state and local government-adjacent spaces while maintaining disciplined portfolio management [19][20] - The company aims for 2% to 3% core FFO growth for shareholders in 2025 [33] Management's Comments on Operating Environment and Future Outlook - Management acknowledges short-term turbulence in government operations but believes the company is well-positioned for long-term growth [47] - The company emphasizes its strong relationships with government agencies and its ability to deliver cost efficiencies [49][52] - Management remains optimistic about future opportunities and the potential for continued growth [32][33] Other Important Information - The company amended its $100 million senior unsecured term loan, extending the maturity date to 2028 and increasing borrowing capacity [21][22] - Approximately 5% of the portfolio's annualized lease income is in soft term, which management believes does not pose significant risk [26] Q&A Session Summary Question: Acquisition pipeline and opportunity set - Management sees a strong pipeline for acquisitions and development, with attractive opportunities despite higher interest rates [36][38] Question: Impact of austerity on external growth - Management believes they are well-positioned to help the government find savings despite potential budget cuts [45][47] Question: Office utilization and its importance - Management acknowledges the challenge of measuring utilization but emphasizes the stability of mission-critical facilities [57][60] Question: $100 million acquisition guidance - Management plans to focus on state and local government-adjacent properties for acquisitions [65] Question: AFFO or CAD growth outlook - Management aims to align CAD growth with FFO growth by managing capital levels effectively [67][70] Question: CapEx run rate - Q4 typically sees higher CapEx due to seasonality, with a projected run rate of $1.75 to $2 per square foot going forward [76][78] Question: Future of SSA Chicago building post-expiration - Management plans to evaluate options for the building after GSA's tenancy ends, expecting favorable market conditions [80][81]
Easterly Government Properties (DEA) Q4 FFO and Revenues Lag Estimates
ZACKS· 2025-02-25 13:40
Easterly Government Properties (DEA) came out with quarterly funds from operations (FFO) of $0.29 per share, missing the Zacks Consensus Estimate of $0.30 per share. This compares to FFO of $0.28 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -3.33%. A quarter ago, it was expected that this property management company would post FFO of $0.29 per share when it actually produced FFO of $0.30, delivering a surprise of 3.45%.Over the ...