Easterly Government Properties posts investor deck on government-leased, mission-critical real estate portfolio and growth pipeline - DEA News | Rallies
Investor deck highlights portfolio, balance sheet and pipeline
Easterly Government Properties outlined a 106-property, 10.7 million-square-foot government-leased portfolio, 98% leased, with 9.2 years weighted average remaining lease term.
Annual lease income per leased square foot listed at $36.72; 86.3% of annual lease income backed by full faith and credit of the US Government.
Balance sheet snapshot showed $1.71 billion total debt, 4.6% weighted average stated rate, with adjusted net debt to annualized quarterly EBITDA of 7.1x.
Deleveraging target set at 6.0x-6.75x net debt to pro forma EBITDA by end-2027.
Pipeline tracked at an estimated $1.5 billion of properties, with about $500 million under active evaluation; recent acquisitions included deals priced at $20 million-$118.9 million.
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