Easterly Government Properties Q4 Profit, Revenue Rise

(RTTNews) - Easterly Government Properties, Inc. (DEA) Tuesday reported net income of $5.45 million or $0.05 per share for the fourth quarter, higher than $4.44 million or $0.04 per share in the same quarter a year ago.

Funds from operations or FFO rose to $32.23 million or $0.29 per share from $29.88 million or $0.28 per share last year.

Excluding one-time items, core FFO was $32.64 million or $0.29 per share, up from $30.13 million or $0.28 per share a year ago.

Revenue for the quarter increased to $78.25 million from $72.62 million in the previous year.

For fiscal 2025, the company now expects EPS of $0.20- $0.23, FFO per share of $1.17 - $1.20, and core FFO per share of $1.18 - $1.21. This compares with the previous guidance of EPS of $0.22 - $0.24, FFO of 1.14- $ 1.16; and core FFO of $1.15 - $1.17.