Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2017 |
Sep. 30, 2016 |
Sep. 30, 2017 |
Sep. 30, 2016 |
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Revenues | ||||
Rental income | $ 30,079 | $ 24,493 | $ 83,600 | $ 68,520 |
Tenant reimbursements | 3,554 | 2,385 | 10,156 | 7,016 |
Other income | 225 | 97 | 592 | 331 |
Total revenues | 33,858 | 26,975 | 94,348 | 75,867 |
Operating expenses | ||||
Property operating | 6,718 | 5,308 | 18,904 | 14,726 |
Real estate taxes | 3,452 | 2,533 | 9,166 | 7,233 |
Depreciation and amortization | 14,141 | 12,237 | 40,663 | 34,174 |
Acquisition costs | 206 | 660 | 1,194 | 1,339 |
Corporate general and administrative | 2,920 | 3,066 | 9,506 | 9,154 |
Total expenses | 27,437 | 23,804 | 79,433 | 66,626 |
Operating income | 6,421 | 3,171 | 14,915 | 9,241 |
Other expenses | ||||
Interest expense, net | (5,495) | (2,043) | (11,626) | (5,967) |
Net income | 926 | 1,128 | 3,289 | 3,274 |
Non-controlling interest in Operating Partnership | (144) | (233) | (596) | (1,005) |
Net income available to Easterly Government Properties, Inc. | $ 782 | $ 895 | $ 2,693 | $ 2,269 |
Net income available to Easterly Government Properties, Inc. per share: | ||||
Basic | $ 0.02 | $ 0.02 | $ 0.07 | $ 0.08 |
Diluted | $ 0.02 | $ 0.02 | $ 0.07 | $ 0.07 |
Weighted-average common shares outstanding | ||||
Basic | 39,962,471 | 34,967,482 | 38,098,805 | 28,886,697 |
Diluted | 41,903,977 | 36,904,564 | 40,012,282 | 30,722,389 |
Dividends declared per common share | $ 0.25 | $ 0.23 | $ 0.74 | $ 0.68 |
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- Definition Corporate general and administrative expense. No definition available.
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- Definition This element represents acquisition-related costs incurred to effect a business combination which costs have been expensed during the period. Such costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and may include costs of registering and issuing debt and equity securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition This element represents the total of the costs related to real estate revenues, including management, leasing, and development services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- References No definition available.
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The net amount of nonoperating interest income (expense). No definition available.
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition The total amount of revenue recognized for the period from operating leases, including minimum lease revenue, contingent revenue, percentage revenue and sublease revenue. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Other real estate revenue not otherwise specified in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate revenue from real estate operations during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition A tax based on the assessed value of real estate by the local government. The tax is usually based on the value of property (including the land). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition In accordance with the provisions of their lease agreement, this element represents allowable charges due a landlord from its tenant. In retail store and office building leases, for example, tenant reimbursements may cover items such as taxes, utilities, and common area expenses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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