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Easterly Government Properties , Inc. (NYSE:DEA), a real estate investment trust currently trading at $20.26 with a market capitalization of $1.01 billion, announced on Thursday that it has filed an amendment to its Articles of Incorporation. The filing, made with the State Department of Assessments and Taxation of Maryland, effectively reduces the number of authorized shares of common stock from 200 million to 80 million. This change follows a one-for-two and a half reverse stock split that the company implemented on April 28, 2025.
The amendment to the Articles of Incorporation is part of the company’s ongoing capital structure management. The reverse stock split and the subsequent reduction in authorized shares are corporate actions that typically aim to increase the market price per share of a company’s stock. These moves can often be interpreted as efforts to make the stock more attractive to investors and to meet stock exchange listing requirements. According to InvestingPro data, the stock has experienced a significant decline of 36% over the past six months, though analysis suggests the shares may be currently undervalued.
The company’s reduction of authorized shares took effect immediately upon its filing. For a detailed understanding of the amendment, the company has referred to the full document, which is included as Exhibit 3.1 in the Current Report on Form 8-K filed with the SEC.
Easterly Government Properties specializes in the acquisition, development, and management of commercial properties that are leased to U.S. government agencies. The company’s portfolio is designed to provide stable, secure rental revenue streams and high occupancy rates, given the credit quality of its tenants.
The information for this report is based on the company’s latest SEC filing.
In other recent news, Easterly Government Properties reported its first-quarter earnings for 2025, revealing a mixed financial outcome. The company exceeded earnings per share (EPS) expectations, posting $0.07 against a forecast of $0.06. However, revenue slightly missed projections, coming in at $78.67 million compared to the anticipated $79.04 million. Despite the earnings beat, the revenue shortfall and strategic financial adjustments, including a dividend reduction, have led to cautious investor sentiment. The company has a robust $1 billion pipeline for future projects and is targeting a 15% portfolio allocation in state and local government facilities. Easterly also announced the development of a federal courthouse in Medford, Oregon, under a 20-year non-cancelable lease, and the acquisition of a facility leased to the District of Columbia government. Analysts have noted Easterly’s strategic reinvestment efforts aimed at future growth, with the company projecting a full-year core FFO per share between $2.98 and $3.30. Easterly’s focus remains on leveraging its position in the government real estate market while navigating market fluctuations.
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