Easterly Government Props Q1 2024 FFO $0.29 Beats $0.28 Estimate, Sales $72.800 Miss $74.177M Estimate
Portfolio Pulse from Benzinga Newsdesk
Easterly Government Properties (DEA) reported Q1 2024 FFO of $0.29 per share, surpassing the $0.28 estimate, but missed sales estimates with $72.8M against the expected $74.177M. This represents a slight increase in sales from $71.22M in the same period last year.

April 30, 2024 | 10:35 am
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NEUTRAL IMPACT
Easterly Government Properties reported a mixed Q1 2024 with FFO beating estimates but sales missing expectations, showing slight year-over-year growth.
The mixed earnings report from Easterly Government Properties, with a beat on FFO but a miss on sales, presents a neutral outlook. The slight increase in sales year-over-year indicates stability, but missing sales estimates could concern investors. The overall impact on the stock price is likely neutral in the short term, as positive and negative factors balance each other.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100