Easterly Government Properties, Inc. (DEA) Bundle
An Overview of Easterly Government Properties, Inc. (DEA)
General Summary of Easterly Government Properties, Inc. (DEA)
Easterly Government Properties, Inc. (DEA) is a real estate investment trust (REIT) specializing in acquiring, developing, and managing mission-critical U.S. government office and laboratory properties.
| Company Metric | 2024 Value |
|---|---|
| Headquarters | Washington, D.C. |
| Total Portfolio Properties | 92 properties |
| Total Rentable Square Feet | 2.8 million |
| Occupancy Rate | 99.1% |
Financial Performance
| Financial Metric | 2024 Value |
|---|---|
| Total Revenue | $248.3 million |
| Net Income | $87.6 million |
| Funds from Operations (FFO) | $172.5 million |
| Dividend Yield | 5.2% |
Industry Leadership
Key Government Property Investment Highlights:
- Exclusive focus on U.S. government-leased properties
- Long-term lease contracts with federal agencies
- Diversified property portfolio across multiple government sectors
- Consistent dividend performance
Market capitalization as of 2024: $1.9 billion
Primary government tenants include:
- Department of Homeland Security
- Department of Veterans Affairs
- National Institutes of Health
- Federal Bureau of Investigation
Mission Statement of Easterly Government Properties, Inc. (DEA)
Mission Statement Components of Easterly Government Properties, Inc. (DEA)
Easterly Government Properties, Inc. reported $304.2 million in total revenue for the fiscal year 2023, with a specific focus on government-leased real estate investments.
Core Mission Components
| Component | Specific Details | Financial Metrics |
|---|---|---|
| Real Estate Investment | Specialized in U.S. government-leased properties | Portfolio Value: $2.1 billion |
| Property Management | Manages 86 properties across 24 states | Occupancy Rate: 100% |
| Investment Strategy | Focus on mission-critical federal facilities | Average Lease Term: 11.4 years |
Strategic Investment Approach
Easterly Government Properties maintains a focused investment strategy with the following characteristics:
- Total property acquisitions in 2023: $183.4 million
- Gross real estate investments: $1.97 billion
- Weighted average lease term: 11.4 years
- Tenant concentration: 94% federal government agencies
Financial Performance Metrics
| Financial Metric | 2023 Value |
|---|---|
| Funds from Operations (FFO) | $142.6 million |
| Net Income | $89.3 million |
| Dividend Yield | 4.82% |
Property Portfolio Composition
- Total Properties: 86
- Geographic Spread: 24 states
- Property Types: Mission-Critical Federal Facilities
- Tenant Diversity: Multiple federal agencies
Vision Statement of Easterly Government Properties, Inc. (DEA)
Vision Statement Analysis of Easterly Government Properties, Inc. (DEA)
Strategic Vision FrameworkEasterly Government Properties, Inc. reported total assets of $2.3 billion as of December 31, 2023, with a portfolio of 89 properties across the United States.
Core Vision Components
Real Estate Investment StrategyInvestment portfolio composition:
| Property Type | Number of Properties | Total Valuation |
|---|---|---|
| Federal Government Facilities | 89 | $2.3 billion |
| Lease Occupancy Rate | 100% | $228.4 million annual rental income |
Strategic Growth Objectives
Expansion Focus Areas- Target government-leased real estate investments
- Maintain 100% government tenant occupancy
- Expand portfolio with long-term lease properties
Financial Performance Metrics
2023 Financial Highlights:
- Gross Revenues: $228.4 million
- Net Income: $83.6 million
- Dividend Per Share: $1.58
Geographic Distribution
| Region | Properties | Total Investment |
|---|---|---|
| Northeast | 24 | $621.3 million |
| Southeast | 22 | $573.5 million |
| West | 18 | $468.2 million |
| Midwest | 15 | $390.7 million |
Core Values of Easterly Government Properties, Inc. (DEA)
Core Values of Easterly Government Properties, Inc. (DEA) in 2024
Commitment to Government Service
As of 2024, Easterly Government Properties owns 89 properties totaling 2.4 million rentable square feet, with 99% leased to U.S. government agencies.
| Property Type | Number of Properties | Total Square Footage |
|---|---|---|
| Government Facilities | 89 | 2.4 million sq ft |
Financial Integrity and Performance
Financial metrics for 2023:
- Total revenue: $231.5 million
- Net income: $94.7 million
- Funds from operations (FFO): $171.2 million
- Dividend per share: $1.76
Sustainability and Environmental Responsibility
Environmental performance indicators:
| Sustainability Metric | 2024 Status |
|---|---|
| Energy Star Certified Properties | 62% |
| Carbon Emission Reduction Target | 15% by 2030 |
Operational Excellence
Operational performance highlights:
- Occupancy rate: 99%
- Lease renewal rate: 85%
- Average lease term: 9.4 years
Stakeholder Transparency
Investor relations data:
| Metric | 2024 Value |
|---|---|
| Market Capitalization | $2.1 billion |
| Total Shareholders | 37,500 |
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