Easterly Government Properties Inc - Understand $dea stock

$DEA Market Cap: $1.328 Billion

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Financial Snapshot

Revenue

$296.4M

TTM

Gross Margin

71.25%

TTM

Net Earnings

$18.24M

TTM

Current Assets

$142.6M

Q3 2024

Current Liabilities

$113.8M

Q3 2024

Current Ratio

125.31%

Q3 2024

Total Assets

$3.103B

Q3 2024

Total Liabilities

$1.721B

Q3 2024

Book Value

$1.382B

Q3 2024

Cash

$31.20M

Q3 2024

P/E

72.83

Nov 14, 2024 EST

Free Cash Flow

$31.34M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Revenue	$287.2M	$293.6M	$274.9M	$245.1M	$221.7M	$160.6M	$130.7M	$104.6M	$71.38M	$6.324M	$4.000M	$2.000M
YoY Change	-2.17%	6.82%	12.15%	10.53%	38.07%	22.9%	24.9%	46.57%	1028.68%	58.1%	100.0%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Revenue	$287.2M	$293.6M	$274.9M	$245.1M	$221.7M	$160.6M	$130.7M	$104.6M	$71.38M	$6.324M	$4.000M	$2.000M
Cost Of Revenue	$71.96M	$66.78M	$87.12M	$75.60M	$48.28M	$30.91M	$24.91M	$21.08M	$20.30M
Gross Profit	$215.3M	$226.8M	$187.7M	$169.5M	$173.4M	$129.7M	$105.8M	$83.54M	$51.10M
Gross Profit Margin	74.95%	77.25%	68.3%	69.16%	78.23%	80.75%	80.94%	79.85%	71.59%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Selling, General & Admin	$27.12M	$24.79M	$23.52M	$20.60M	$20.20M	$14.80M	$12.90M	$12.30M	$8.900M	$9.900M	$5.600M	$3.200M
YoY Change	9.41%	5.37%	14.18%	1.98%	36.49%	14.73%	4.88%	38.2%	-10.1%	76.79%	75.0%
% of Gross Profit	12.6%	10.93%	12.53%	12.15%	11.65%	11.41%	12.2%	14.72%	17.42%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$91.29M	$98.25M	$91.27M	$93.80M	$92.40M	$66.40M	$54.90M	$45.90M	$32.90M
YoY Change	-7.09%	7.66%	-2.7%	1.52%	39.16%	20.95%	19.61%	39.51%
% of Gross Profit	42.41%	43.32%	48.61%	55.34%	53.27%	51.2%	51.91%	54.94%	64.38%
Operating Expenses	$118.4M	$123.0M	$114.8M	$114.4M	$112.7M	$81.20M	$67.80M	$58.10M	$67.33M	$9.936M	$5.580M	$3.200M
YoY Change	-3.76%	7.19%	0.34%	1.51%	38.79%	19.76%	16.7%	-13.71%	577.63%	78.06%	74.38%
Operating Profit	$96.85M	$103.8M	$72.95M	$55.10M	$60.74M	$48.48M	$37.97M	$12.91M	$4.723M	-$3.612M	-$1.574M
YoY Change	-6.68%	42.27%	32.4%	-9.29%	25.3%	27.69%	193.99%	173.43%	-230.76%	129.48%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Interest Expense	-$49.17M	-$47.38M	-$38.36M	-$35.48M	-$33.46M	-$22.90M	-$17.10M	-$8.177M	-$4.972M	$71.40M	$27.60M	$10.80M
YoY Change	3.78%	23.51%	8.12%	6.04%	46.11%	33.92%	109.12%	64.46%	-106.96%	158.7%	155.56%
% of Operating Profit	-50.77%	-45.65%	-52.59%	-64.39%	-55.08%	-47.24%	-45.04%	-63.32%	-105.27%
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Pretax Income	$21.06M	$35.56M	$33.96M	$13.50M	$8.200M	$6.700M	$5.400M	$5.500M	-$5.400M	$67.80M	$26.10M	$9.600M
YoY Change	-40.78%	4.73%	151.53%	64.63%	22.39%	24.07%	-1.82%	-201.85%	-107.96%	159.77%	171.88%
Income Tax
% Of Pretax Income
Net Earnings	$18.80M	$31.47M	$33.96M	$11.96M	$7.207M	$5.704M	$4.448M	$3.415M	-$1.694M	$2.396M	-$4.314M	-$2.600M
YoY Change	-40.26%	-7.31%	183.9%	65.96%	26.35%	28.24%	30.25%	-301.59%	-170.7%	-155.54%	65.92%
Net Earnings / Revenue	6.55%	10.72%	12.35%	4.88%	3.25%	3.55%	3.4%	3.26%	-2.37%	37.89%	-107.85%	-130.0%
Basic Earnings Per Share	$0.19	$0.34	$0.35	$0.15	$0.10	$0.09	$0.11	$0.13	-$0.08
Diluted Earnings Per Share	$0.19	$0.34	$0.35	$0.15	$0.10	$0.08	$0.10	$0.12	-$0.06	$99.17K	-$192.0K	-$116.1K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Cash & Short-Term Investments	$9.381M	$7.578M	$11.13M	$8.500M	$12.00M	$6.900M	$12.70M	$4.800M	$8.200M	$31.40M	$3.400M	$700.0K
YoY Change	23.79%	-31.93%	30.96%	-29.17%	73.91%	-45.67%	164.58%	-41.46%	-73.89%	823.53%	385.71%
Cash & Equivalents	$9.381M	$7.578M	$11.13M	$8.500M	$12.00M	$6.900M	$12.70M	$4.800M	$8.200M	$31.40M	$3.400M	$700.0K
Short-Term Investments
Other Short-Term Assets	$34.41M	$31.52M	$29.90M	$23.20M	$14.00M	$11.20M	$8.100M	$1.400M	$1.500M	$1.400M
YoY Change	9.15%	5.42%	28.88%	65.71%	25.0%	38.27%	478.57%	-6.67%	7.14%
Inventory
Prepaid Expenses
Receivables	$66.27M	$58.84M	$58.73M	$15.00M	$15.80M	$11.70M	$9.300M	$5.800M	$2.900M	$0.00
Other Receivables	$0.00	$0.00	$0.00	$30.20M	$27.80M	$21.10M	$12.80M	$8.600M	$6.400M	$0.00
Total Short-Term Assets	$110.1M	$97.94M	$99.77M	$76.90M	$69.60M	$50.90M	$42.90M	$20.60M	$19.00M	$32.80M	$3.400M	$700.0K
YoY Change	12.38%	-1.84%	29.73%	10.49%	36.74%	18.65%	108.25%	8.42%	-42.07%	864.71%	385.71%
Property, Plant & Equipment	$2.322B	$2.289B	$2.399B	$2.209B	$1.989B	$1.627B	$1.230B	$901.4M	$772.0M	$267.7M	$173.1M	$102.8M
YoY Change	1.46%	-4.6%	8.62%	11.06%	22.26%	32.22%	36.48%	16.76%	188.38%	54.65%	68.39%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$284.5M	$271.6M	$131.8M
YoY Change	4.75%	106.04%
Other Assets	$12.56M	$9.696M	$9.011M	$7.200M	$5.300M	$6.700M	$4.500M	$4.400M	$4.500M	$0.00
YoY Change	29.52%	7.6%	25.15%	35.85%	-20.9%	48.89%	2.27%	-2.22%
Total Long-Term Assets	$2.770B	$2.731B	$2.726B	$2.381B	$2.165B	$1.811B	$1.382B	$1.026B	$893.0M	$267.7M	$174.5M	$103.2M
YoY Change	1.4%	0.19%	14.52%	9.96%	19.57%	30.98%	34.7%	14.93%	233.58%	53.41%	69.09%
Total Assets	$2.880B	$2.829B	$2.826B	$2.458B	$2.235B	$1.862B	$1.425B	$1.047B	$912.0M	$300.5M	$177.9M	$103.9M
YoY Change
Accounts Payable	$77.21M	$63.84M	$60.89M	$48.50M	$47.80M	$37.30M	$19.80M	$13.80M	$9.300M	$3.300M	$1.200M	$400.0K
YoY Change	20.95%	4.84%	25.55%	1.46%	28.15%	88.38%	43.48%	48.39%	181.82%	175.0%	200.0%
Accrued Expenses	$3.000M	$3.500M
YoY Change	-14.29%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$80.21M	$67.34M	$60.89M	$48.50M	$47.80M	$37.30M	$19.80M	$13.80M	$9.300M	$3.300M	$1.200M	$400.0K
YoY Change	19.12%	10.59%	25.55%	1.46%	28.15%	88.38%	43.48%	48.39%	181.82%	175.0%	200.0%
Long-Term Debt	$1.295B	$1.251B	$1.211B	$978.3M	$901.8M	$766.4M	$575.9M	$293.0M	$238.2M	$0.00	$0.00	$0.00
YoY Change	3.47%	3.33%	23.8%	8.48%	17.67%	33.08%	96.55%	23.01%
Other Long-Term Liabilities	$95.19M	$99.70M	$112.6M	$130.8M	$85.10M	$32.60M	$38.60M	$41.80M	$44.60M	$0.00
YoY Change	-4.52%	-11.42%	-13.95%	53.7%	161.04%	-15.54%	-7.66%	-6.28%
Total Long-Term Liabilities	$1.390B	$1.351B	$1.324B	$1.109B	$986.9M	$799.0M	$614.5M	$334.8M	$282.8M	$0.00	$0.00	$0.00
YoY Change	2.88%	2.07%	19.34%	12.38%	23.52%	30.02%	83.54%	18.39%
Total Liabilities	$1.558B	$1.585B	$1.543B	$1.303B	$1.172B	$967.4M	$757.5M	$486.4M	$534.8M	$287.2M	$179.7M	$105.9M
YoY Change	-1.7%	2.66%	18.45%	11.18%	21.15%	27.71%	55.74%	-9.05%	86.21%	59.82%	69.69%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Basic Shares Outstanding	94.26M	90.61M	84.04M	78.22M	68.77M	53.51M	39.61M	30.65M	21.43M
Diluted Shares Outstanding	94.56M	90.95M	84.62M	78.79M	69.21M	54.93M	41.56M	32.37M	21.43M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $1.3283 Billion

About Easterly Government Properties Inc

Easterly Government Properties, Inc. engages in the acquisition, development, and management of Class A commercial properties that are leased to U.S. Government agencies. The company is headquartered in Washington, Washington Dc and currently employs 56 full-time employees. The company went IPO on 2015-02-06. The firm 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 firm 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. The company owns 91 properties totaling 8.9 million square feet. The Company’s 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.

Industry: Real Estate Investment Trusts Peers: Alexandria Real Estate Equities Inc Brandywine Realty Trust Veris Residential Inc COPT Defense Properties Highwoods Properties Inc Hudson Pacific Properties Inc JBG SMITH Properties Paramount Group, Inc. Piedmont Office Realty Trust, Inc. SL GREEN REALTY CORP