Easterly Government Properties, Inc. · NYSE:DEA
Easterly Government Properties — Q3 2016 Earnings Presentation
16 slides from Easterly Government Properties's earnings presentation, Nov 8, 2016
Slide 1: Supplemental Information Package Third Quarter 2016
Supplemental Information Package Third 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 Operating Property Overview 13 Tenants 15 Lease Expirations 16 Table
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.comLindsay Winterhalter, Suite 650 or 202-971-9867 to request anVP, Investor R
Slide 6: Executive Summary
Executive Summary (Unaudited, in thousands except share and per share amounts) (1)Excludes unamortized premiums / discounts and deferred financing fees. Price of Common Shares Three months ended September 30, 2016 Earnings Three months ended September 30, 2016 Nine months ended September 30, 2016 Hi
Slide 7: Balance Sheets
Balance Sheets (In thousands, except share amounts) September 30, 2016 (unaudited) December 31, 2015 Assets Real estate properties, net $880,962 $772,007 Cash and cash equivalents 4,358 8,176 Restricted cash 1,432 1,736 Deposits on acquisitions 1,250 - Rents receivable 7,464 6,347 Accounts receivabl
Slide 8: Income Statements
Income Statements (Unaudited, in thousands, except share and per share amounts) Three Months Ended Nine Months Ended September 30, 2016 September 30, 2015 September 30, 2016 September 30, 2015 (pro forma) Revenues Rental income $24,493 $18,126 $68,520 $52,842 Tenant reimbursements 2,385 1,689 7,016
Slide 9: Net Operating Income
Net Operating Income (Unaudited, in thousands) Three Months Ended Nine Months Ended September 30, 2016 September 30, 2015 September 30, 2016 September 30, 2015 (pro forma) Revenue Rental income $24,493 $18,126 $68,520 $52,842 Tenant reimbursements 2,385 1,689 7,016 4,687 Other income 97 42 331 120 T
Slide 10: EBITDA, FFO and CAD
EBITDA, FFO and CAD (Unaudited, in thousands, except share and per share amounts) Three Months Ended Nine Months Ended September 30, 2016 September 30, 2015 September 30, 2016 September 30, 2015 (pro forma) Net income $1,128 $818 $3,274 $3,289 Depreciation and amortization 12,237 9,344 34,174 27,496
Slide 11: Debt Schedules
Debt Schedules (Unaudited, in thousands) (1)Credit facility has available capacity of $193,333 as of September 30, 2016. (2)Average stated rates represent the weighted average interest rate at September 30, 2016. (3)Credit facility has two six-month as-of-right extension options subject to certain c
Slide 12: Debt Maturities
Debt Maturities (As of September 30, 2016, unaudited, in thousands) Secured Debt Unsecured Debt Weighted Average Interest Rate of Scheduled Maturities Year Scheduled Amortization Scheduled Maturities Scheduled Maturities Total "Percentage of Debt Maturing" 2016 $ 726 $ - $ - $ 726 0.3% - 2017 2,977
Slide 13: Operating Property Overview
Operating Property Overview (As of September 30, 2016, unaudited) Continued on next page. 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 Le
Slide 14: Operating Property Overview (Cont.)
Operating Property Overview (Cont.) (As of September 30, 2016, unaudited) 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
Slide 15: Tenants
Tenants (As of September 30, 2016, unaudited) (1)Weighted based on leased square feet. (2)ATF occupies the first floor of the DEA – Birmingham building in a joint lease with the DEA. Tenant Number of Properties Number of Leases Weighted Average Remaining Lease Term(1) Leased Square Feet Percentage o
Slide 16: Lease Expirations
Lease Expirations (As of September 30, 2016, unaudited) Year of Lease Expiration "Number of Leases Expiring" Square Footage Expiring Percentage of Total Square Footage Expiring "Annualized Lease Income Expiring" Percentage of Total Annualized Lease Income Expiring Annualized Lease Income per Leased
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