DEA Stock Fair Value – Darrell Crate Named CEO of Easterly Government Properties
December 8, 2023
🌥️Trending News
Easterly Government Properties ($NYSE:DEA), Inc. (NYSE:DEA) has announced the appointment of Darrell Crate as their new Chief Executive Officer (CEO), as well as Chairman of the Board. This appointment comes at an exciting time for Easterly, as the company continues to expand its portfolio of government owned properties. Easterly Government Properties is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership, and management of office and mission-critical properties leased primarily to government tenants.
Additionally, Easterly’s high-quality portfolio consists of some of the most recognizable buildings in the country such as the United States Capitol Building and The White House. Mr. Crate’s appointment comes at a time when Easterly is seeing strong demand for its services. With the growth of government tenants across the country, Easterly’s portfolio has continued to expand. Mr. Crate has been instrumental in driving this growth, and his leadership will be invaluable in helping Easterly become a leader in government real estate.
Stock Price
On Thursday, Easterly Government Properties announced the appointment of Darrell Crate as its new Chief Executive Officer. Following the announcement, the company’s stock opened its trading day at $12.4 and closed at $12.7, representing a 2.7% increase from the previous closing price of $12.4. The appointment of Darrell Crate is expected to bring a wealth of experience and insight to Easterly Government Properties, as he has vast experience in the real estate industry. He brings with him an impressive track record of success, and is well-respected for his leadership, strategic vision and commitment to excellence.
Darrell Crate is succeeding Peter Cappelletti, who has been serving as the interim CEO for the past six months. As he steps into the role of CEO, Darrell Crate will tackle the challenging issues that Easterly Government Properties faces and lead the company into a promising future. He is confident that his experience and expertise will help to strengthen and expand the company’s operations. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for DEA. More…
| Total Revenues | Net Income | Net Margin |
| 288.11 | 30.08 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for DEA. More…
| Operations | Investing | Financing |
| 119.1 | 71.55 | -178.7 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for DEA. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.83k | 1.39k | 13.35 |
Key Ratios Snapshot
Some of the financial key ratios for DEA are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 22.9% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – DEA Stock Fair Value
At GoodWhale, we performed an analysis of EASTERLY GOVERNMENT PROPERTIES’ financials and calculated the intrinsic value of its shares to be around $17.4, using our proprietary Valuation Line. What this means is that the stock is currently trading at $12.7 per share, which is significantly undervalued by 26.9%. This could represent a great opportunity for investors looking to capitalize on an undervalued asset. More…
Peers
Government Properties Income Trust is a real estate investment trust that owns and operates U.S. federal, state, and local government facilities. The company was founded in 2009 and is headquartered in Boston, Massachusetts. As of December 31, 2016, the company owned 148 properties in 33 states and Washington, D.C.
– Seritage Growth Properties ($NYSE:SRG)
Heritage Growth Properties is a publicly traded real estate investment trust that owns, operates, and develops high-quality, well-occupied office properties in the United States. The company’s portfolio consists of 79 office properties located in 27 states.
– Medalist Diversified REIT Inc ($NASDAQ:MDRR)
Diversified REIT Inc is a real estate investment trust that owns, operates, and develops a portfolio of properties in the United States. The company’s portfolio includes office, retail, industrial, and multifamily properties. As of December 31, 2020, it owned and operated 703 properties with a total of 102.4 million square feet of space.
– Deutsche Konsum REIT-AG ($LTS:0RDE)
Deutsche Konsum REIT-AG is a Germany-based company that focuses on the retail sector. The company invests in shopping centers and retail parks. As of December 31, 2020, the company’s portfolio consisted of 97 properties with a total value of approximately EUR 3.6 billion.
Summary
Easterly Government Properties (EASTERLY) is an internally-managed real estate investment trust (REIT) that invests in U.S. government leased properties. Recently, the company has appointed Darrell Crate as its new Chairman and Chief Executive Officer. Crate brings extensive experience in public and private real estate capital markets to the company, making him an ideal leader for EASTERLY. Investors can expect potential benefits from Crate’s expertise in the areas of asset management, capital markets, and corporate strategy.
Additionally, with his past roles in similar positions with other real estate companies, Crate is well-versed in REIT accounting, operations, and acquisitions. Investors should be encouraged by this new leadership, as it may lead to greater growth for the company.
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