Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessEasterly Government Properties, Inc. (NYSE: DEA) Surpasses EPS Estimates

Easterly Government Properties, Inc. (NYSE: DEA) Surpasses EPS Estimates

Add to Favorite
Added to Favorite


Easterly Government Properties, Inc. (NYSE:DEA) reported earnings per share (EPS) of $0.0545, exceeding expectations.
The company’s quarterly funds from operations (FFO) were $0.30 per share, indicating growth in cash flow from operations.
Despite a slight miss in revenue expectations, DEA’s financial ratios such as the price-to-earnings (P/E) ratio of approximately 71.45 and a debt-to-equity ratio of about 0.80 highlight its financial health and investor expectations.

Easterly Government Properties, Inc. (NYSE:DEA) is a real estate investment trust (REIT) that focuses on acquiring, developing, and managing Class A commercial properties leased to the U.S. Government. This specialization provides a stable tenant base, as the U.S. Government is a reliable lessee. DEA competes with other REITs in the market, but its niche focus on government properties sets it apart.

On November 5, 2024, DEA reported earnings per share (EPS) of $0.0545, exceeding the estimated $0.05. This indicates a positive performance in terms of profitability. The company generated revenue of approximately $76.39 million, slightly below the estimated $76.7 million. Despite this, DEA’s ability to surpass EPS expectations suggests effective cost management and operational efficiency.

DEA’s quarterly funds from operations (FFO) were reported at $0.30 per share, surpassing the Zacks Consensus Estimate of $0.29 per share. This improvement from the previous year’s FFO of $0.29 per share highlights the company’s growth in generating cash flow from its operations. FFO is a key metric for REITs, as it reflects the cash generated from core operations, excluding non-cash items like depreciation.

The company’s net income for the third quarter of 2024 was $5.1 million, translating to $0.05 per share on a fully diluted basis. This aligns closely with the reported EPS, indicating consistency in DEA’s financial reporting. The price-to-earnings (P/E) ratio of approximately 71.45 suggests that investors have high expectations for DEA’s future earnings growth, as they are willing to pay $71.45 for every dollar of earnings.

DEA’s financial ratios provide further insights into its financial health. The price-to-sales ratio of about 4.66 indicates that investors are paying $4.66 for every dollar of sales, while the enterprise value to sales ratio of around 8.11 reflects the company’s overall valuation relative to its sales. The debt-to-equity ratio of approximately 0.80 suggests a moderate level of debt, but the low current ratio of 0.09 may raise concerns about DEA’s short-term liquidity.

Subscribe to get Latest News Updates

Latest News

You may like more
more

China Investigates Nvidia Over Antitrust Concerns

China has initiated an investigation into Nvidia, citing potential...

Citi Predicts S&P 500 to Hit 6,500 by 2025 Amid Rising Volatility

Citi analysts have projected a significant milestone for the...

Investors Complacent Heading Into 2025: What BCA Research Warns

BCA Research cautions that investors might be overly relaxed...

Barclays Predicts a Fed Rate Cut in December: What Lies Ahead?

Barclays analysts anticipate a 25 basis point (bp) rate...