Easterly Government Properties Acquires Two Mission Critical Government Facilities, Financial Terms Of The Transaction Not Disclosed ; Increases FY24 Core FFO Per Share Guidance To $1.15-$1.17
Portfolio Pulse from Benzinga Newsdesk
Easterly Government Properties, Inc. (NYSE:DEA), a REIT focused on properties leased to the U.S. Government, announced the acquisition of two assets leased to the Department of Homeland Security in Orlando, totaling 77,260 square feet. Following this acquisition, Easterly has raised its 2024 Core FFO per share guidance to $1.15-$1.17. The updated guidance reflects anticipated acquisitions and investments, including a joint venture in Jacksonville and significant development-related investment.
May 08, 2024 | 1:11 pm
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Easterly Government Properties raises its 2024 Core FFO guidance to $1.15-$1.17 following the acquisition of two DHS-leased properties in Orlando and outlines future investment plans.
The acquisition of mission-critical government facilities and the subsequent increase in Core FFO guidance for 2024 indicate a positive outlook for Easterly Government Properties. The strategic acquisitions and planned investments are likely to enhance the company's portfolio and financial performance, potentially leading to increased investor confidence and a positive impact on the stock price in the short term.
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