Easterly Government Properties, Inc. · NYSE:DEA
Easterly Government Properties — Q1 2016 Earnings Presentation
15 slides from Easterly Government Properties's earnings presentation, May 9, 2016
Slide 1: Supplemental Information Package First Quarter 2016
Supplemental Information Package First Quarter 2016 Exhibit 99.2
Slide 2: Disclaimers: Forward-looking Statement
Disclaimers Forward-looking Statement We make statements in this Supplemental Information Package that are considered “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 193
Slide 3: Supplemental Definitions
Supplemental Definitions Annualized lease income is defined as the annualized contractual base rent for the last month in a specified period, plus the annualized straight line rent adjustments for the last month in such period and the annualized expense reimbursements earned by us for the last month
Slide 4: Table of Contents
Overview Corporate Information and Analyst Coverage 5 Executive Summary 6 Corporate Financials Balance Sheets 7 Income Statements 8 Net Operating Income 9 EBITDA, FFO and CAD 10 Debt Debt Schedules 11 Debt Maturities 12 Properties Property Overview 13 Tenants 14 Lease Expirations 15 Table of Content
Slide 5: Corporate Information and Analyst Coverage
Corporate Information and Analyst Coverage Corporate Information Corporate Headquarters Stock Exchange Listing Information RequestsInvestor Relations 2101 L Street NW New York Stock Exchange Please contact ir@easterlyreit.comEvelyn Infurna Suite 650 or 202-971-9867 to request anICR, Inc. Washington,
Slide 6: Executive Summary
Executive Summary (Unaudited, in thousands except share and per share data) Price of Common Shares Three months ended March 31, 2016 Earnings Three months ended March 31, 2016 High closing price during period 19.00 $ Net income available to Easterly Government Properties, Inc. 675 $ Low closing pric
Slide 7: Balance Sheets
Balance Sheets (In thousands) March 31, 2016 December 31, 2015 Assets Real estate properties, net 797,880 $ 772,007 $ Cash and cash equivalents 4,380 8,176 Restricted cash 1,521 1,736 Rents receivable 6,629 6,347 Accounts receivable 3,832 2,920 Deferred financing, net 2,511 2,726 Intangible assets,
Slide 8: Income Statements
Income Statements (Unaudited, in thousands, except share and per share data)
Slide 9: Net Operating Income
Net Operating Income (Unaudited, in thousands)
Slide 10: EBITDA, FFO and CAD
EBITDA, FFO and CAD (Unaudited, in thousands, except share and per share data)
Slide 11: Debt Schedules
Debt Schedules (Unaudited, in thousands) (1)Credit facility has available capacity of $215,583 as of March 31, 2016. (2)Average stated rates represent the weighted average interest rate at March 31, 2016. (3)Credit facility has two six-month as-of-right extension options subject to certain condition
Slide 12: Debt Maturities
Debt Maturities (Unaudited, in thousands) Unsecured Debt Year Scheduled Amortization Scheduled Maturities Scheduled Maturities Total Percentage of Debt Maturing 2016 $ 2,154 $ - $ - $ 2,154 0.8% - 2017 2,977 - - 2,977 1.1% - 2018 3,100 - - 3,100 1.2% - 2019 3,230 - 184,417 187,647 70.2% 1.84% 2020 3
Slide 13: Property Overview
Property Overview Property Name Location Property Type Tenant Lease Expiration Year Year Built / Renovated Rentable Square Feet Annualized Lease Income Percentage of Total Annualized Lease Income Annualized Lease Income per Leased Square Foot U.S Government Leased Properties IRS - Fresno Fresno, CA
Slide 14: Tenants
Tenants (1)Weighted based on leased square feet.
Slide 15: Lease Expirations
Lease Expirations A Easterly WF covernment ropertes Percentage of Percent Member of Sqeere Total Sg Annualized Total Annualized per Leased Leases Footage tage Lease Income Lease Income Square Foot Expiring Expiring Boles Expiring Expiring Expiring ‘Signed eases not conmenced 0 NA NA NA NA NA 2016 1
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