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DEA - Easterly Government: Dividend May Be Too Aggressive
March, 29 2024 11:38 AM
Easterly Government Properties Inc.
2024-03-29 11:38:51 ET
Summary Easterly Government Properties is a REIT focused on acquiring and developing properties leased to the U.S. government. The company has seen strong asset growth since its IPO in 2015, quadrupling leased square footage. DEA appears attractively valued with a 10.0x Fwd P/FFO and a 9.3% dividend yield. However, in 2023, DEA paid more in dividends than it generated in cash. If this trend persists, DEA's dividend could be at risk.
I came across Easterly Government Properties, Inc. ( DEA ) while screening for high-yielding investments....
For further details see:
Easterly Government: Dividend May Be Too Aggressive
Stock Information
Company Name:
Easterly Government Properties Inc.
Stock Symbol:
DEA
Market:
NYSE
Website:
easterlyreit.com
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