0.24%
-0.03%
-16.25%
-18.47%
-7.52%
-45.84%
-53.09%

Company Description

Easterly Government Properties, Inc.(NYSE:DEA) is based in Washington, D.C., and focuses primarily on the acquisition, development and management of Class A commercial properties that are leased to the U.S. Government.Easterly's experienced management team brings specialized insight into the strategy and needs of mission-critical U.S. Government agencies for properties leased to such agencies either directly or through the U.S. General Services Administration (GSA).

Market Data

Last Price 11.36
Change Percentage 0.24%
Open 11.3
Previous Close 11.33
Market Cap ( Millions) 1200
Volume 656966
Year High 14.53
Year Low 10.76
M A 50 11.66
M A 200 12.59

Financial Ratios

FCF Yield 10.68%
Dividend Yield 9.33%
ROE 1.40%
Debt / Equity 112.12%
Net Debt / EBIDTA 774.55%
Price To Book 0.89
Price Earnings Ratio 63.93
Price To FCF 9.36
Price To sales 4.07
EV / EBITDA 14.19

News

Business Breakdown

Expected Mid-Term Growth

Segment nΒ°1 -> Rental

Expected Growth : 5.5 %

What the company do ?

Rental from Easterly Government Properties, Inc. refers to the leasing of properties to government agencies, providing a stable source of income.

Why we expect these perspectives ?

Easterly Government Properties, Inc.'s 5.5% rental growth is driven by increasing demand for government-leased properties, expansion of existing leases, and strategic acquisitions. Additionally, the company's focus on high-quality, mission-critical properties and long-term contracts with the US government provides a stable source of revenue, contributing to its growth.

Segment nΒ°2 -> Tenant Reimbursements

Expected Growth : 5.8 %

What the company do ?

Tenant Reimbursements from Easterly Government Properties, Inc. refers to the reimbursements made by tenants for operating expenses, taxes, and insurance, which are then used to offset the company's expenses.

Why we expect these perspectives ?

Easterly Government Properties' 5.8% growth in Tenant Reimbursements is driven by increasing demand for government-leased properties, expansion of existing leases, and rising reimbursement rates. Additionally, the company's strategic acquisitions and strong relationships with government agencies contribute to the growth.

Segment nΒ°3 -> Other

Expected Growth : 5.2 %

What the company do ?

Other from Easterly Government Properties, Inc. refers to non-core assets, such as vacant land, and other non-operating income or expenses.

Why we expect these perspectives ?

Easterly Government Properties, Inc.'s 5.2% growth is driven by increasing demand for government-leased properties, strategic acquisitions, and a strong balance sheet. Additionally, the company's focus on high-quality, mission-critical properties and its ability to maintain a high occupancy rate also contribute to its growth.

Segment nΒ°4 -> Asset Management

Expected Growth : 5.9 %

What the company do ?

Easterly Government Properties, Inc.'s Asset Management involves acquiring, owning, and managing a diversified portfolio of commercial properties leased to U.S. Government agencies.

Why we expect these perspectives ?

Easterly Government Properties' 5.9% asset management growth is driven by increasing demand for government-leased properties, strategic acquisitions, and a strong pipeline of new investments. Additionally, the company's focus on high-quality, mission-critical assets and its ability to provide value-added services to its government tenants contribute to its growth momentum.

Easterly Government Properties, Inc. Products

Product Range What is it ?
Class A Office Properties High-quality office buildings that serve as headquarters or regional offices for government agencies, such as the FBI, DEA, and ICE.
Courthouse Properties Federal and state courthouses that serve as venues for judicial proceedings and other government activities.
Customs and Border Protection Properties Facilities that serve as ports of entry, border patrol stations, and other critical infrastructure for customs and border protection activities.
Defense/Intelligence Properties High-security facilities that support the operations of defense and intelligence agencies, such as the NSA and CIA.
Federal Agency Properties Office buildings and other facilities that serve as headquarters or regional offices for various federal agencies, such as the IRS and SSA.
Health and Human Services Properties Facilities that support the operations of health and human services agencies, such as the CDC and NIH.
Homeland Security Properties Facilities that support the operations of the Department of Homeland Security, including the TSA and FEMA.
Justice Properties Facilities that support the operations of the Department of Justice, including the FBI and DEA.

Easterly Government Properties, Inc.'s Porter Forces

The threat of substitutes for Easterly Government Properties, Inc. is medium due to the availability of alternative investment options in the real estate industry.

The bargaining power of customers for Easterly Government Properties, Inc. is low due to the company's strong brand reputation and limited alternatives for government-leased properties.

The bargaining power of suppliers for Easterly Government Properties, Inc. is medium due to the company's dependence on a few large contractors and suppliers for property maintenance and development.

The threat of new entrants for Easterly Government Properties, Inc. is low due to the high barriers to entry in the government-leased properties market, including regulatory hurdles and high capital requirements.

The intensity of rivalry for Easterly Government Properties, Inc. is high due to the competitive nature of the real estate investment trust (REIT) industry, with many established players vying for market share.

Capital Structure

Value
Debt Weight 49.48%
Debt Cost 4.86%
Equity Weight 50.52%
Equity Cost 7.08%
WACC 5.98%
Leverage 97.93%

Historical Valuation

Price/Earnings Ratio

Margin Valuation

Peers Valuation

Competitors

Company Rational
ONL Orion Office REIT specializes in the ownership, acquisition and management of a diversified portfolio of mission-critical and corporate headquarters office buildings in high-quality suburban markets across the U.S. The portfolio …
JBGS JBG SMITH is an S&P 400 company that owns, operates, invests in and develops a dynamic portfolio of high-growth mixed-use properties in and around Washington, DC. Through an intense focus …
FSP Franklin Street Properties Corp., based in Wakefield, Massachusetts, is focused on infill and central business district (CBD) office properties in the U.S. Sunbelt and Mountain West, as well as select …
CIO City Office REIT, Inc. (NYSE: CIO) invests in high-quality office properties in 18-hour cities with strong economic fundamentals, primarily in the Southern and Western United States. At September 30, 2020, …
HPP Hudson Pacific is a real estate investment trust with a portfolio of office and studio properties totaling nearly 19 million square feet, including land for development. Focused on premier West …

Peers Metrics

DCF BETA

Parameters

Short Term Growth
Short term Time
Long-Term Growth
WACC
Target Price
11.36$
Current Price
11.36$
Potential
-0.00%

Expected Cash-Flows

Scoring Insights

Peers Group Analysis

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