Topic: How To Invest

I would really appreciate reading your take on Easterly Government Properties (NYSE:DEA). Thank you.

Article Excerpt

A: Easterly Government Properties, $25.60, symbol DEA on New York (Shares outstanding: 75.2 million; Market cap: $2.0 billion; www.easterlyreit.com), operates as a real estate investment trust (REIT) that acquires, develops and manages Class A commercial properties on lease to U.S. federal government agencies. The company was founded on October 10, 2014, and is headquartered in Washington, D.C. Easterly leases its properties to federal agencies directly or through the U.S. General Services Administration (GSA). In the three months ended March 31, 2020, total revenue rose 15.0%, to $58.2 million from $50.6 million. Cash flow jumped 17.9%, to $24.4 million from $20.7 million. However, on more shares outstanding due to acquisitions, cash flow per share fell 3.2%, to $0.30 from $0.31. Meanwhile, Easterly keeps growing by acquisition. For instance, it recently bought the 203,000-square-foot Federal Justice Center in El Paso, Texas. The FBI and the Drug Enforcement Administration (DEA) currently occupy 100% of the property. Their leases on the three-building compound, spread across five acres…