Positive
Seeking Alpha
24 days ago
Easterly Government Properties: An Upgrade Betting On Portfolio Growth, Despite Federal Budget Showdown
Easterly Government Properties is upgraded to Buy, driven by new portfolio growth, high occupancy, and a compelling 7.8% dividend yield. DEA benefits from long-term leases with federal agencies, 97% occupancy, and geographic diversification, supporting predictable cash flows despite federal budget uncertainties. DEA trades at a significant valuation discount to peers, with strong EBITDA margins and a proven dividend growth record, though historic AFFO growth lags sector averages.