Easterly Government Properties Announces Quarterly Dividend
February 22 2024 - 8:30AM
Business Wire
~ Contractual cash flows with over 97% of
annualized lease income backed by the full faith and credit of the
US Government creates dividend resiliency and an opportunity for
investors to currently earn a roughly 9% anticipated annual
dividend yield on investment* ~
Easterly Government Properties, Inc. (NYSE: DEA), a fully
integrated real estate investment trust focused primarily on the
acquisition, development and management of Class A commercial
properties leased to U.S. Government agencies, announced today that
its Board of Directors has approved a quarterly cash dividend of
$0.265 per common share. The dividend will be payable on March 18,
2024 to shareholders of record on March 6, 2024.
*Anticipated annual dividend yield on investment is based on
DEA’s closing stock price on the NYSE on February 20, 2024, and an
annualized quarterly cash dividend of $0.265 per common share.
About Easterly Government Properties, Inc.
Easterly Government Properties, Inc. (NYSE:DEA) is based in
Washington, D.C., and focuses primarily on the acquisition,
development and management of Class A commercial properties that
are leased to the U.S. Government. Easterly’s experienced
management team brings specialized insight into the strategy and
needs of mission-critical U.S. Government agencies for properties
leased to such agencies either directly or through the U.S. General
Services Administration (GSA). For further information on the
company and its properties, please visit www.easterlyreit.com.
This press release contains forward-looking statements within
the meaning of federal securities laws and regulations. These
forward-looking statements are identified by their use of terms and
phrases such as “believe,” “expect,” “intend,” “project,”
“anticipate,” “position,” and other similar terms and phrases,
including references to assumptions and forecasts of future
results. Forward-looking statements are not guarantees of future
performance and involve known and unknown risks, uncertainties and
other factors which may cause the actual results to differ
materially from those anticipated at the time the forward-looking
statements are made. These risks include, but are not limited to,
those risks and uncertainties associated with our business
described from time to time in our filings with the Securities and
Exchange Commission, including our Annual Report on Form 10-K filed
on February 28, 2023. Although we believe the expectations
reflected in such forward-looking statements are based upon
reasonable assumptions, we can give no assurance that the
expectations will be attained or that any deviation will not be
material. All information in this release is as of the date of this
release, and we undertake no obligation to update any
forward-looking statement to conform the statement to actual
results or changes in our expectations.
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version on businesswire.com: https://www.businesswire.com/news/home/20240222890363/en/
Easterly Government Properties, Inc. Lindsay S. Winterhalter
Senior Vice President, Investor Relations & Operations
202-596-3947 IR@easterlyreit.com
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