Easterly Government Properties: Q1 Earnings Snapshot
By Ap News
Published - Apr 30, 2024, 06:42 AM ET
Last Updated - Apr 30, 2024, 06:42 AM EDT
WASHINGTON (AP) — WASHINGTON (AP) — Easterly Government Properties Inc. (DEA) on Tuesday reported a key measure of profitability in its first quarter. The results exceeded Wall Street expectations.
The Washington-based real estate investment trust said it had funds from operations of $30.8 million, or 29 cents per share, in the period.
The average estimate of three analysts surveyed by Zacks Investment Research was for funds from operations of 28 cents per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
