Easterly Government Properties: Reliable High Yielding Dividend But Limited Share Price Upside Potential

Justin Purohit
2.3K Followers

Summary

  • Easterly Government Properties is among the top owners of Federally-leased real estate, with a successful operating history of serving mission-critical government agencies.
  • The company has an impeccable portfolio comprised of full occupancy and long weighted average lease terms to tenants with a high propensity to renew.
  • For income investors, shares offer an attractive dividend payout that is currently yielding over 6.5% at current pricing.
  • Upside potential in the share price appears to be limited, however, given their current valuation.

American flag waving in front of Capitol Hill

ajansen/E+ via Getty Images

Easterly Government Properties, Inc. (NYSE:DEA) is a real estate investment trust ("REIT") that generates essentially all their revenue by leasing Class-A commercial properties to U.S. Government ("USG") agencies that serve essential functions either directly or through the U.S. General Services Administration ("GSA").

This article was written by

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