Easterly Government Properties: Fears Are Overblown, I'm A Buyer Of This 9% Yielder
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Easterly Government Properties, a REIT focused on Class A properties leased to U.S. government agencies, is seen as a compelling investment despite a recent 12% share price dip. The company offers stable cash flows, disciplined FFO growth, and strategic acquisitions, with an 8.9% dividend yield.
December 07, 2024 | 5:30 am
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Easterly Government Properties (DEA) is a REIT with a focus on properties leased to U.S. government agencies. Despite a 12% share price dip, DEA's Q3'24 results show strong cash flow and disciplined FFO growth. The company offers an 8.9% dividend yield, making it a compelling investment.
DEA's focus on stable, government-leased properties provides reliable cash flows. The recent 12% share price dip may present a buying opportunity, especially given the strong Q3'24 results and high dividend yield. The company's strategic acquisitions further enhance its growth potential.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100