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Easterly Government Properties Inc's Business Segments
Easterly Government Properties Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of FY
Reportable Segments
3
Largest Segment
Real Estate Other
Total Revenue
$ 92
Regions Reported
-
Revenue Share by Reportable Segment - FY
- Real Estate Other3.5%
- Tenant Reimbursements1.2%
- Parking Garage0.8%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Real Estate Other | $ 3 | 3.5% |
| Tenant Reimbursements | $ 1 | 1.2% |
| Parking Garage | $ 1 | 0.8% |
Revenue by Product & Service Category - FY
- Real Estate Other1.6%
- Tenant Reimbursements0.9%
Revenue by Product & Service Category - FY
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Real Estate Other | $ 2 | 1.6% |
| Tenant Reimbursements | $ 1 | 0.9% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
Annual Results
Revenue Share by Reportable Segment - FY
- Real Estate Other3.5%
- Tenant Reimbursements1.2%
- Parking Garage0.8%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Real Estate Other | $ 3 | 3.5% |
| Tenant Reimbursements | $ 1 | 1.2% |
| Parking Garage | $ 1 | 0.8% |
Description of Easterly Government Properties Inc
Easterly Government Properties, Inc. is a real estate investment trust (REIT) that primarily invests in U.S. government-leased properties. The company was founded on March 28, 2014, and is headquartered in Washington D.C.
Easterly Government Properties Inc.’s mission is to provide stable and growing income to investors while preserving the value of their capital through investing in high-quality properties. The company seeks to achieve this goal by investing in institutional-quality properties leased to the United States government, which is regarded as a high-quality, creditworthy tenant.
Easterly owns a diversified portfolio of Class A commercial properties leased to various agencies of the U.S. government, which include the Department of Veterans Affairs, the Department of Justice, the Department of Agriculture, and the General Services Administration. These properties are located across 42 different states in the United States.
The company’s portfolio consists of over 80 properties covering an aggregate of approximately8 million square feet of rentable space. The properties are spread across various sectors, such as healthcare, education, research, as well as military and other government operations.
Easterly Government Properties Inc. is led by a highly experienced management team with a track record of success in the real estate industry. The management team has deep expertise in the federal government leasing market, which includes acquisition, financing, development, and asset management.
One key feature of Easterly’s business model is the long-term leases with the government, which typically range from 15 to 20 years. This provides predictable cash flows to investors, with limited exposure to market volatility. Furthermore, Easterly has a conservative financial policy, which includes maintaining low leverage and a strong balance sheet.
In recent years, Easterly Government Properties has demonstrated strong performance, with consistent growth in rental revenue, portfolio size, and net operating income. The company has also consistently paid a dividend to shareholders, which has grown over time.
Overall, Easterly Government Properties Inc. is a stable and reliable REIT, focused on investing in high-quality properties leased to the U.S. government. The company provides investors with a reliable income stream, with limited downside risk.
Easterly Government Properties Inc.’s mission is to provide stable and growing income to investors while preserving the value of their capital through investing in high-quality properties. The company seeks to achieve this goal by investing in institutional-quality properties leased to the United States government, which is regarded as a high-quality, creditworthy tenant.
Easterly owns a diversified portfolio of Class A commercial properties leased to various agencies of the U.S. government, which include the Department of Veterans Affairs, the Department of Justice, the Department of Agriculture, and the General Services Administration. These properties are located across 42 different states in the United States.
The company’s portfolio consists of over 80 properties covering an aggregate of approximately8 million square feet of rentable space. The properties are spread across various sectors, such as healthcare, education, research, as well as military and other government operations.
Easterly Government Properties Inc. is led by a highly experienced management team with a track record of success in the real estate industry. The management team has deep expertise in the federal government leasing market, which includes acquisition, financing, development, and asset management.
One key feature of Easterly’s business model is the long-term leases with the government, which typically range from 15 to 20 years. This provides predictable cash flows to investors, with limited exposure to market volatility. Furthermore, Easterly has a conservative financial policy, which includes maintaining low leverage and a strong balance sheet.
In recent years, Easterly Government Properties has demonstrated strong performance, with consistent growth in rental revenue, portfolio size, and net operating income. The company has also consistently paid a dividend to shareholders, which has grown over time.
Overall, Easterly Government Properties Inc. is a stable and reliable REIT, focused on investing in high-quality properties leased to the U.S. government. The company provides investors with a reliable income stream, with limited downside risk.
Easterly Government Properties Inc. is a specialized real estate investment trust (REIT) centered on the acquisition, development, and management of high-quality, mission-critical properties leased to various agencies of the United States government. The companys business model is tailored to meet the unique demands of federal government tenants, ensuring that the properties they operate from are not only strategically located but also equipped to support essential governmental functions.
Segments
Easterly Government Properties operates primarily within two key segments: Property Ownership and Development and Operating Partnership.
1. Property Ownership Segment
- This segment constitutes the backbone of Easterly’s operations. It encompasses the acquisition, development, and management of properties leased to federal agencies. The focus is on properties that are vital to government operations and cannot be easily replicated or relocated.
- The portfolio includes a diverse array of property types such as:
- Office Buildings: State-of-the-art facilities that accommodate various government departments.
- Laboratories: Specialized spaces equipped for scientific and technological research crucial for government projects.
- Data Centers: Secure and robust facilities that house critical information technology infrastructure.
- Specialized Facilities: Key structures like courthouses, military bases, and customs offices, designed to cater to the specific operational and security needs of the government.
- Easterly maintains an extensive portfolio with 78 properties located across 31 states, totaling around 2 million square feet. The properties are leased to an array of government agencies, including but not limited to:
- Department of Justice
- Department of Defense
- Department of Homeland Security
- NASA
2. Development Segment
- This segment is dedicated to creating new properties tailored specifically for government agencies. Easterly conducts in-depth analyses to identify areas where additional facilities are necessary to meet evolving government needs.
- Collaborative efforts involve working directly with governmental bodies to understand their future requirements, which ensures that the development projects are aligned with their operational goals.
- Financing for these projects typically involves a mix of equity and debt, and upon completion, these newly developed properties are leased back to the respective government agency.
Products and Services
Easterly Government Properties offers a multifaceted suite of products and services tailored to meet the specific requirements of its governmental clients.
1. Primary Product: Real Estate Properties
- The primary asset class provided by Easterly are the properties they own, manage, and develop. These facilities are constructed to fulfill the mission-critical needs of various government agencies, ensuring that they have the necessary infrastructure to operate efficiently and securely.
2. Service Offerings
- Property Management: This includes comprehensive oversight of leased properties encompassing all aspects of operations such as lease compliance, rental income collection, and maintaining positive tenant relations.
- Facility Maintenance: A dedicated maintenance team is tasked with ensuring that all properties remain in optimal condition. This involves regular inspections, preventive maintenance, and timely repairs to address any issues that may arise.
- Security Services: Given the nature of the government operations housed within these facilities, robust security measures are in place. Security services include surveillance, access control, and protocols designed to safeguard sensitive information and ensure the physical security of the property.
Summary
Easterly Government Properties Inc. exemplifies a focused approach to real estate investment, specifically catering to the federal governments nuanced needs. With a well-diversified portfolio that includes vital properties such as offices, laboratories, data centers, and specialized facilities, the company stands out as a trusted partner in fulfilling governmental infrastructure requirements. Through its competent management of property ownership, proactive development strategies, and comprehensive support services, Easterly Government Properties plays a crucial role in facilitating the operational efficiency and security of the US government’s day-to-day functions.
Segments
Easterly Government Properties operates primarily within two key segments: Property Ownership and Development and Operating Partnership.
1. Property Ownership Segment
- This segment constitutes the backbone of Easterly’s operations. It encompasses the acquisition, development, and management of properties leased to federal agencies. The focus is on properties that are vital to government operations and cannot be easily replicated or relocated.
- The portfolio includes a diverse array of property types such as:
- Office Buildings: State-of-the-art facilities that accommodate various government departments.
- Laboratories: Specialized spaces equipped for scientific and technological research crucial for government projects.
- Data Centers: Secure and robust facilities that house critical information technology infrastructure.
- Specialized Facilities: Key structures like courthouses, military bases, and customs offices, designed to cater to the specific operational and security needs of the government.
- Easterly maintains an extensive portfolio with 78 properties located across 31 states, totaling around 2 million square feet. The properties are leased to an array of government agencies, including but not limited to:
- Department of Justice
- Department of Defense
- Department of Homeland Security
- NASA
2. Development Segment
- This segment is dedicated to creating new properties tailored specifically for government agencies. Easterly conducts in-depth analyses to identify areas where additional facilities are necessary to meet evolving government needs.
- Collaborative efforts involve working directly with governmental bodies to understand their future requirements, which ensures that the development projects are aligned with their operational goals.
- Financing for these projects typically involves a mix of equity and debt, and upon completion, these newly developed properties are leased back to the respective government agency.
Products and Services
Easterly Government Properties offers a multifaceted suite of products and services tailored to meet the specific requirements of its governmental clients.
1. Primary Product: Real Estate Properties
- The primary asset class provided by Easterly are the properties they own, manage, and develop. These facilities are constructed to fulfill the mission-critical needs of various government agencies, ensuring that they have the necessary infrastructure to operate efficiently and securely.
2. Service Offerings
- Property Management: This includes comprehensive oversight of leased properties encompassing all aspects of operations such as lease compliance, rental income collection, and maintaining positive tenant relations.
- Facility Maintenance: A dedicated maintenance team is tasked with ensuring that all properties remain in optimal condition. This involves regular inspections, preventive maintenance, and timely repairs to address any issues that may arise.
- Security Services: Given the nature of the government operations housed within these facilities, robust security measures are in place. Security services include surveillance, access control, and protocols designed to safeguard sensitive information and ensure the physical security of the property.
Summary
Easterly Government Properties Inc. exemplifies a focused approach to real estate investment, specifically catering to the federal governments nuanced needs. With a well-diversified portfolio that includes vital properties such as offices, laboratories, data centers, and specialized facilities, the company stands out as a trusted partner in fulfilling governmental infrastructure requirements. Through its competent management of property ownership, proactive development strategies, and comprehensive support services, Easterly Government Properties plays a crucial role in facilitating the operational efficiency and security of the US government’s day-to-day functions.