DEA Earnings Prediction
The chart below shows how DEA performed 10 days before and after its earnings report, based on data from the past quarters. Typically, DEA sees a +0.86% change in stock price 10 days leading up to the earnings, and a -2.19% change 10 days following the report. On the earnings day itself, the stock moves by +0.19%. This data can give you a slight idea of what to expect for the next quarter's release.
DEA Key Earning Data
DEA Earnings Analysis
Positive
Acquisition Pipeline Expansion: 1. Acquisition Growth: Closed on $139.5 million of acquisitions in 2024, consisting of six new assets, contributing to a robust pipeline of approximately $1.5 billion in potential opportunities.
Core FFO Performance: 2. Core FFO Growth: Core FFO per share grew to $0.30, aligning with the company's goal of achieving 2% to 3% growth year-over-year.
Cash Distribution Strength: 3. Cash Available for Distribution: Cash available for distribution reached $25.1 million, indicating strong operational cash flow.
2025 Core FFO Guidance: 4. 2025 Core FFO Guidance: Introduced 2025 core FFO guidance in the range of $1.17 to $1.21 per share, reflecting confidence in continued growth and operational efficiency.
Lease Renewal Success: 5. Lease Renewals: Successfully renewed all significant 2024 leases, with expectations for net effective rent spreads in the mid to high-teens for 2025.
Negative
Net Income Decline: 1. Declining Net Income: Net income per share for Q3 2024 was only $0.05, indicating a lack of significant profitability growth compared to previous quarters.
Core FFO Guidance Stagnation: 2. Core FFO Guidance Uncertainty: The company maintained its full year core FFO per share guidance for 2024 at $1.15 to $1.17, which reflects a stagnation in expected earnings growth amid challenging market conditions.
Leverage and Financial Stability: 3. High Leverage Concerns: The company anticipates maintaining leverage in the range of 6.5% to 7.5%, which raises concerns about financial stability and the ability to manage debt effectively in a fluctuating market.
Acquisition Strategy Challenges: 4. Limited Acquisition Pipeline: Despite a robust pipeline of $1.5 billion, the company noted that acquisitions could be lumpy, indicating potential challenges in executing its growth strategy and achieving desired returns.
G&A Expense Changes: 5. G&A Expense Fluctuations: A significant decrease in G&A expenses was attributed to the voluntary resignation of a key executive, which raises concerns about operational continuity and potential future costs related to turnover.
DEA FAQs
How does DEA typically perform around its earnings report dates?
DEA's stock performance around earnings reports can vary, but historical data shows specific patterns, such as a +0.86% change leading up to the report and a -2.19% change in the 10 days following the release.
Is Easterly Government Properties, Inc. (DEA) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
DEA Earning Call Sentiment
Easterly Government Properties, Inc. (DEA) Q3 2024 Earnings Call Transcript
DEA.N
-1.66%
