Easterly Government Properties Posts $38 Million Q3 FFO, Guides Full-Year $3.08-$3.13 Per Share

Easterly Government Properties Inc. (DEA) reported third-quarter funds from operations of $38 million, or 78 cents per share, on Monday. The Washington-based real estate investment trust recorded net income of $5.5 million, or 12 cents per share, with revenue of $93.6 million for the period. FFO, a closely watched REIT metric, adds back items such as depreciation and amortization to net income. The property management company guided full-year FFO to a range of $3.08 to $3.13 per share.