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News

Easterly Government Properties FY24 FFO Outlook $1.14 - $1.16 Vs. $1.12 Estimate

Author: Benzinga Newsdesk | February 27, 2024 07:32am

Outlook for the 12 Months Ending December 31, 2024

The Company is introducing its guidance for full-year 2024 Core FFO per share on a fully diluted basis at a range of $1.14 - $1.16.

 

 

Low

 

 

High

Net income (loss) per share – fully diluted basis

 

$

0.22

 

 

 

0.24

Plus: Company's share of real estate depreciation and amortization

 

$

0.91

 

 

 

0.91

FFO per share – fully diluted basis

 

$

1.13

 

 

 

1.15

Plus: Company's share of depreciation of non-real estate assets

 

$

0.01

 

 

 

0.01

Core FFO per share – fully diluted basis

 

$

1.14

 

 

 

1.16

This guidance assumes (i) the closing of VA - Jacksonville through the JV at the Company's pro rata share of approximately $41 million, and (ii) $100 - $110 million of gross development-related investment during 2024.

Posted In: DEA

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