Easterly Government Properties, Inc. (NYSE:DEA) Reports 3Q18 Profit Down

Easterly Government Properties, Inc. (NYSE:DEA) property management firm reported net income for the third quarter of $ 2.48 million or $ 0.04 per share, compared to income of $ 1.12 million or $ 0.02 per share for the year-ago quarter.

The company reported third quarter adjusted funds from operation income of $ 16.51 million or $ 0.24 per share.

The topline results for the third quarter rose 16% to $ 39.44 million from $ 33.86 million in the same quarter last year.

Analysts polled by Thomson Reuters expected Easterly Government Properties to report income of $ 0.04 per share on revenue of $ 39.86 million for the third quarter.

For the full year 2019, DEA expects earnings in the range of $ 1.16 – $ 1.20 per share.

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