Easterly Government Properties, Inc. (DEA)

DEA Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	294.4	289.6	273.91	284.49	267.39	238.13
Tenant Reimbursements	6.55	6.54	8.91	5.92	5.19	4.5
Property Management Fees	2.37	2.3	2.11	1.41	0.14	-
Other Revenue	9.86	8.46	7.8	5.16	2.42	2.45
Total Revenue	314.39	308.1	292.73	296.98	275.13	245.08
Revenue Growth (YoY	6.82%	5.25%	-1.43%	7.94%	12.26%	10.53%
Property Expenses	103.78	102.95	104.09	99.05	89.06	77.64
Selling, General & Administrative	24.21	24.45	27.12	24.79	23.52	20.63
Depreciation & Amortization	99.33	96.33	91.29	98.25	91.27	93.8
Total Operating Expenses	228.61	225.26	222.5	222.09	203.85	192.08
Operating Income	85.78	82.84	70.23	74.89	71.28	53
Interest Expense	-66.67	-62.13	-49.17	-47.38	-38.63	-35.48
EBT Excluding Unusual Items	19.11	20.71	21.06	27.51	32.65	17.52
Gain (Loss) on Sale of Assets	0.17	0.17	-	13.59	1.31	-4
Asset Writedown	-	-	-	-5.54	-	-
Other Unusual Items	-0.3	-0.3	-	-	-	-
Pretax Income	18.98	20.58	21.06	35.56	33.96	13.53
Earnings From Continuing Operations	18.98	20.58	21.06	35.56	33.96	13.53
Minority Interest in Earnings	-0.92	-1.03	-2.26	-4.09	-3.9	-1.57
Net Income	18.05	19.55	18.8	31.47	30.06	11.96
Preferred Dividends & Other Adjustments	0.61	0.55	0.6	0.55	0.47	0.29
Net Income to Common	17.44	19	18.21	30.93	29.59	11.67
Net Income Growth	-7.60%	3.98%	-40.26%	4.71%	151.30%	65.96%
Basic Shares Outstanding	42	41	38	36	34	31
Diluted Shares Outstanding	42	42	38	36	34	32
Shares Change (YoY)	8.25%	9.73%	3.97%	7.48%	7.40%	13.85%
EPS (Basic)	0.42	0.46	0.48	0.85	0.88	0.37
EPS (Diluted)	0.41	0.45	0.47	0.85	0.88	0.37
EPS Growth	-15.46%	-5.26%	-44.12%	-2.86%	134.55%	49.22%
Dividend Per Share	2.438	2.650	2.650	2.650	2.638	2.600
Dividend Growth	-8.02%	-	-	0.47%	1.44%	-
Operating Margin	27.28%	26.89%	23.99%	25.22%	25.91%	21.63%
Profit Margin	5.55%	6.17%	6.22%	10.41%	10.75%	4.76%
EBITDA	183.25	177.24	158.79	170.04	157.96	140.91
EBITDA Margin	58.29%	57.53%	54.25%	57.26%	57.41%	57.50%
D&A For Ebitda	97.47	94.4	88.56	95.15	86.68	87.91
EBIT	85.78	82.84	70.23	74.89	71.28	53
EBIT Margin	27.28%	26.89%	23.99%	25.22%	25.91%	21.63%
Funds From Operations (FFO)	125.66	123.99	118.99	129.71	-	111.33
Adjusted Funds From Operations (AFFO)	-	123.99	118.99	129.71	-	106.09
FFO Payout Ratio	88.50%	88.50%	84.33%	74.08%	-	72.66%
Revenue as Reported	307.93	302.05	287.23	293.61	274.86	245.08

Updated Apr 29, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q