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....
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Easterly Government: Dividend May Be Too Aggressive