Easterly Government Properties Inc. reported second-quarter results that surpassed analyst forecasts, leading the real estate investment trust to increase its full-year outlook. The company posted adjusted earnings of $0.78 per share, with revenue reaching $92.42 million compared to the consensus estimate of $90.94 million. This represented a 9.7% increase from the prior-year quarter’s $84.23 million in revenue.
Core funds from operations totaled $37.4 million, or $0.78 per diluted share, compared with $34.6 million, or $0.74 per share, during the same period in 2025. In response to the stronger quarterly performance, Easterly adjusted its expectations for the full year. The company now projects Core FFO to fall between $3.07 and $3.13 per fully diluted share, with a midpoint of $3.10. Management also provided new net income guidance of $0.23 to $0.29 per share for the year.
During the quarter, the company secured a five-year senior unsecured term loan facility totaling $200 million, scheduled to mature in June 2031. As of June 30, the company’s portfolio encompassed 106 operating properties comprising approximately 10.7 million leased square feet, with an occupancy rate of 98%. The Board authorized a quarterly dividend of $0.45 per common share, payable on August 20 to shareholders of record as of August 10. Following the earnings announcement, the stock showed minimal movement in after-hours trading.
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