Investment Thesis
Easterly Government Properties (DEA) delivered another inline quarter in Q4 2018. We like Easterly as most of its portfolio of properties are rented out to the U.S. government with steadily increasing rental revenue. It also has a solid balance sheet that will enable it to pursue development projects to create value for its shareholders. The company’s shares are fairly valued and it pays an attractive 5.8%-yielding dividend. We believe Easterly should be in any REIT portfolio as it offers a stable 5.8%-yielding dividend.
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