DEA - Easterly Government FFO of $0.30 in-line revenue of $73.51M beats by $1.48M introduces 2023 outlook

• Easterly Government press release ( NYSE: DEA ): Q4 FFO of $0.30 in-line.
• Revenue of $73.51M (+2.6% Y/Y) beats by $1.48M .
• FFO, as Adjusted of $30.0 million, or $0.29 per share on a fully diluted basis
• Net income of $18.4 million, or $0.18 per share on a fully diluted basis
• CAD of $21.7 million
• Sold a 10-property portfolio totaling approximately 668,000 leased square feet for approximately $205.3 million in gross proceeds (the “Disposition Portfolio”)
• Through its joint venture (the “JV”), Easterly completed the acquisition of the previously announced 257,294 leased square foot outpatient facility leased to the Department of Veterans Affairs ( VA ) located in Phoenix, Arizona (“VA - Phoenix”). VA - Phoenix is the eighth property to be acquired in the previously announced portfolio of 10 newly constructed properties 100% leased to the VA under predominately 20-year firm term leases (the “VA Portfolio”)

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