Positive
Seeking Alpha
2 months ago
Easterly Government Properties: Strong Fundamentals And 8% Dividend Yield
Easterly Government Properties remains a Buy thanks to strong fundamentals, an attractive 8% yield, and resilient leasing to government tenants despite recent stock declines. DEA's Q3 results showed accretive growth in cash available for distribution, solid asset acquisitions, and a robust balance sheet with manageable debt maturities. Market pessimism stems from guidance cuts, dilution, political uncertainty, and risks related to the US Government's shutdown, but DEA's multi-year leases and federal funding reduce default risk.