Easterly Government Properties FY24 FFO Outlook $1.14 - $1.16 Vs. $1.12 Estimate
Portfolio Pulse from Benzinga Newsdesk
Easterly Government Properties (DEA) has provided its FY24 Core FFO outlook, projecting $1.14 - $1.16 per share, surpassing the $1.12 estimate. This forecast includes the closing of VA - Jacksonville at a $41 million share and $100 - $110 million in development investments.
February 27, 2024 | 11:32 am
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Easterly Government Properties projects a higher FY24 Core FFO of $1.14 - $1.16 per share, exceeding the $1.12 estimate, with strategic investments and property closings.
The positive outlook provided by Easterly Government Properties, especially exceeding the estimates, indicates strong financial health and strategic growth through investments and property acquisitions. This is likely to instill investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100