WASHINGTON (AP) — Easterly Government Properties Inc. (DEA) on Monday reported a key measure of profitability for its third quarter.
The Washington-based real estate investment trust (REIT) said it had funds from operations (FFO) of $35.6 million, or 76 cents per share, during the period. Funds from operations is a closely watched metric in the REIT industry, as it takes net income and adds back items such as depreciation and amortization.
The company also reported net income of $1.2 million, or 2 cents per share. The property management company, headquartered in Washington, posted revenue of $86.2 million for the quarter.
Easterly Government Properties expects full-year funds from operations to be in the range of $2.98 to $3.02 per share.
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