Easterly Government Properties Inc. (DEA), a real estate investment trust (REIT) focused on acquiring and managing properties leased to the U.S. government and its agencies, saw its stock surge 5.09% in the intraday trading session on Tuesday, February 25, 2025.

The rally came after the company reported its fourth quarter 2024 and full-year 2024 financial results, which showed strong performance and continued portfolio growth. Here are the key highlights:

In the fourth quarter of 2024, Easterly Government Properties reported:

• Core Funds From Operations (Core FFO) of $0.29 per diluted share, in line with analyst estimates.
• Total revenue of $78.25 million, up 7.8% year-over-year but slightly missing estimates.
• Net income of $5.45 million, or $0.05 per diluted share.

For the full year 2024, the company achieved:

• Core FFO of $126.9 million, or $1.17 per diluted share.
• Total revenue of $302.1 million.
• Net income of $19.6 million, or $0.18 per diluted share.
• Acquired 10 properties for an aggregate pro rata contractual purchase price of approximately $230.0 million.
• Expanded investment strategy to include properties leased to private sector government contractors.

Additionally, Easterly Government Properties provided positive guidance for the full year 2025, expecting Core FFO in the range of $1.18 to $1.21 per diluted share, which was in line with analyst estimates.

The company's strong financial performance, ongoing portfolio growth, and positive outlook for 2025, driven by its focus on acquiring and managing government-leased properties, contributed to the significant stock price increase on Tuesday.