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BMO Capital upgrades 'Market Perform' rating on Easterly Government Properties(DEA), compare with the 'Underperform' previously.
The target price is $25.
[Recent Rating]
| Date | Agency | Change | Rating | Rating (previously) | Target Price | Target Price(previously) |
|---|---|---|---|---|---|---|
| 2025-07-16 | BMO Capital | Upgrades | Market Perform | Underperform | $25 | $-- |
[Recent Earning Results] Easterly Government Properties posted the Q1 of its 2025 financial results on 4/29/2025, reporting total revenue of USD 78.68 million in the first quarter, up 8.07% from USD 72.80 million year over year, reporting net income of USD 3.28 million in the first quarter, down 32.78% from USD 4.88 million year over year.
[Company Profile] Easterly Government Properties, Inc. was formed on October 9, 2014, is a newly organized and internally managed Maryland corporation that intends to qualify as a real estate investment trust, or REIT, focused primarily on the acquisition, development and management of Class A commercial properties that are leased to U.S. Government agencies that serve essential functions. The company generate substantially all of their revenue by leasing their initial portfolio to such agencies through the U.S. General Services Administration, or GSA. The company focus on acquiring, developing and managing GSA-leased properties that are essential to supporting the mission of the tenant agency and strive to be a partner of choice for the U.S. Government, working closely with the GSA to meet the needs and objectives of the tenant agency.
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