Easterly Government Properties, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 01, 2022 at 06:46 am EDT
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Easterly Government Properties, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 72.64 million compared to USD 67.44 million a year ago. Revenue was USD 75.04 million compared to USD 69.61 million a year ago. Net income was USD 0.642 million compared to USD 7.98 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to USD 0.09 a year ago. Diluted earnings per share from continuing operations was USD 0.01 compared to USD 0.09 a year ago.
For the nine months, sales was USD 214.24 million compared to USD 197.71 million a year ago. Revenue was USD 220.1 million compared to USD 203.22 million a year ago. Net income was USD 15.18 million compared to USD 23.17 million a year ago. Basic earnings per share from continuing operations was USD 0.16 compared to USD 0.27 a year ago. Diluted earnings per share from continuing operations was USD 0.16 compared to USD 0.27 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 (GSA). The operations of the Company are carried out primarily through Easterly Government Properties, LP (the Operating Partnership) and the wholly owned subsidiaries of the Operating Partnership. It owns 91 properties totaling 8.9 million square feet. The Companyâs properties include VA-Loma Linda; USCIS-Kansas City; TREAS-Parkersburg; USFS II-Albuquerque; FBI-Tampa; EPA-Lenexa; FBI-Birmingham; Immigration and Customs Enforcement (ICE), located near Dallas, Texas (ICE - Dallas) and others.
EASTERLY GOVERNMENT PROPERTIES, INC. 
