Easterly Government Is On Track To Become A Blue Chip REIT

I am maintaining a BUY recommendation and I expect this REIT to generate returns going forward in the range of 12-14%.

Summary

  • DEA's portfolio is around 97% backed by the U.S. government and the GSA has never financially defaulted on a lease throughout its history.
  • DEA’s Board recently declared a dividend related to Q3-7 operations of $0.26 per share.
  • Since Q3-16, DEA has grown its FFO by 7%, while extending the duration of liabilities and maintaining a conservative balance sheet.
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