Easterly Government Properties, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 02, 2022 at 06:46 am EDT
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Easterly Government Properties, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 71.16 million compared to USD 66.1 million a year ago. Revenue was USD 72.76 million compared to USD 68.61 million a year ago. Net income was USD 7.2 million compared to USD 8.2 million a year ago. Basic earnings per share from continuing operations was USD 0.08 compared to USD 0.1 a year ago. Diluted earnings per share from continuing operations was USD 0.08 compared to USD 0.1 a year ago.
For the six months, sales was USD 141.6 million compared to USD 130.27 million a year ago. Revenue was USD 145.06 million compared to USD 133.62 million a year ago. Net income was USD 14.54 million compared to USD 15.19 million a year ago. Basic earnings per share from continuing operations was USD 0.16 compared to USD 0.18 a year ago. Diluted earnings per share from continuing operations was USD 0.16 compared to USD 0.18 a year ago.
Easterly Government Properties, Inc. is an internally managed real estate investment trust (REIT). The Company is focused primarily on the acquisition, development and management of Class A commercial properties that are leased to United States government agencies that serve essential functions. The Company leases its properties to such agencies either directly or through the United States General Services Administration. The operations of the Company are carried on primarily through Easterly Government Properties, LP, and the subsidiaries of the Operating Partnership. The Company owns, directly or through the joint venture (JV), approximately 88 properties totalling 8.7 million square feet. The Companyâs properties include VA - Loma Linda, JSC-Suffolk, IRS-Fresno, FBI-Tampa, TREAS-Parkersburg, VA-South Bend, FBI-Pittsburgh, FBI-New Orleans, FBI-Birmingham, USFS II-Albuquerque, ICE-Albuquerque, VA-Chattanooga, VA-Lubbock, and VA-Lenexa.