Easterly Government Properties, Inc. (DEA) Financial Statements (2024 and earlier)

Company Profile

Business Address 2001 K STREET NW
WASHINGTON, DC 20006
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9,8168,8527,57811,0328,2597,793
Cash and cash equivalents9,8168,8527,57811,0328,2597,793
Other current assets3,3003,4003,5001,4001,5001,600
Total current assets:13,11612,25211,07812,4329,7599,393
Noncurrent Assets
Operating lease, right-of-use asset3,3003,4003,5001,3001,4001,500
Property, plant and equipment251,846248,803258,044270,937267,309255,095
Intangible assets, net (including goodwill)145,837151,335157,282178,327183,088179,609
Intangible assets, net (excluding goodwill)145,837151,335157,282178,327183,088179,609
Total noncurrent assets:400,983403,538418,826450,564451,797436,204
Other undisclosed assets2,393,8642,403,4962,399,4812,498,6542,479,4942,386,737
TOTAL ASSETS:2,807,9632,819,2862,829,3852,961,6502,941,0502,832,334
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt14,42115,39216,38719,13920,25718,491
Off-market lease, unfavorable14,42115,39216,38719,13920,25718,491
Total noncurrent liabilities:14,42115,39216,38719,13920,25718,491
Other undisclosed liabilities1,371,4751,363,8551,402,0161,523,7161,478,7981,374,498
Total liabilities:1,385,8961,379,2471,418,4031,542,8551,499,0551,392,989
Equity
Equity, attributable to parent, including:1,256,5361,272,5111,244,8811,252,8091,273,2991,281,110
Common stock934934908908908908
Additional paid in capital1,673,3991,672,4671,622,9131,622,6281,621,2881,614,798
Accumulated other comprehensive income (loss)4,5181,7733,5463,9872,393(172)
Retained earnings102,49197,38893,49777,20376,56169,364
Other undisclosed equity, attributable to parent(524,806)(500,051)(475,983)(451,917)(427,851)(403,788)
Equity, attributable to noncontrolling interest165,531167,528166,101165,986168,696158,235
Total equity:1,422,0671,440,0391,410,9821,418,7951,441,9951,439,345
TOTAL LIABILITIES AND EQUITY:2,807,9632,819,2862,829,3852,961,6502,941,0502,832,334

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues71,37371,22073,50675,04172,75772,302
Operating lease, lease income67,75868,14870,25072,64371,15670,439
Cost of revenue(24,653)(25,183)(24,936)(18,132)(21,517)(21,441)
Cost of goods and services sold(17,629)(17,888)(17,970)(17,802)(15,551)(15,458)
Gross profit:46,72046,03748,57056,90951,24050,861
Operating expenses(30,682)(31,010)(32,179)(39,042)(32,496)(32,347)
Operating income:16,03815,02716,39117,86718,74418,514
Nonoperating income
(Investment Income, Nonoperating)
    72,64371,15670,439
Income from continuing operations before equity method investments, income taxes:16,03815,02716,39190,51089,90088,953
Income from equity method investments      631
Income from continuing operations:16,03815,02716,39190,51089,90089,584
Income before gain (loss) on sale of properties:90,51089,90089,584
Other undisclosed net income (loss)(10,260)(10,613)2,029(89,761)(81,770)(81,321)
Net income:5,7784,41418,4207498,1308,263
Net loss attributable to noncontrolling interest(675)(523)(2,126)(107)(933)(922)
Net income attributable to parent:5,1033,89116,2946427,1977,341
Other undisclosed net loss available to common stockholders, basic(151)(148)(136)(137)(137)(135)
Net income available to common stockholders, diluted:4,9523,74316,1585057,0607,206

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:5,7784,41418,4207498,1308,263
Other comprehensive income (loss)3,107(2,013)(497)1,8062,9035,507
Comprehensive income:8,8852,40117,9232,55511,03313,770
Comprehensive loss, net of tax, attributable to noncontrolling interest(1,037)(283)(2,070)(319)(1,271)(1,529)
Comprehensive income, net of tax, attributable to parent:7,8482,11815,8532,2369,76212,241

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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