WASHINGTON (AP) — WASHINGTON (AP) — Easterly Government Properties Inc. (DEA) on Monday reported a key measure of profitability in its second quarter.
The Washington-based real estate investment trust said it had funds from operations of $37.4 million, or 78 cents per share, in the period.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $3.1 million, or 6 cents per share.
The property management company, based in Washington, posted revenue of $92.4 million in the period.
Easterly Government Properties expects full-year funds from operations in the range of $3.07 to $3.13 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DEA at https://www.zacks.com/ap/DEA
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