Added to YB: 2025-05-02
Pitch date: 2025-04-30
DEA [bullish]
Easterly Government Properties, Inc.
+17.97%
current return
Author Info
Value Science is a newsletter for value investors. Sign up for the newsletter.
Company Info
Easterly Government Properties, Inc. (NYSE: DEA) is based in Washington, D.C., and focuses primarily on the acquisition, development and management of Class A commercial properties that are leased to the U.
Market Cap
$1.0B
Pitch Price
$19.00
Price Target
30.00 (+37%)
Dividend
8.27%
EV/EBITDA
13.63
P/E
73.14
EV/Sales
8.06
Sector
Office REITs
Category
value
Easterly Government Properties - $$DEA
DEA: REIT leasing to US gov't (93% of income) at 6.7x P/FFO. Down 45% on DOGE fears, but no cancellations yet & 8.6yr avg lease term. CEO aligned with Trump admin. Bullish catalysts: remote work ban & DC office exodus. $1.6B debt @ 4.6% (4.8yr maturity) will reprice higher. 50% upside to $30 conservative fair value, 9% div yield.
Read full article (5 min)