Easterly Government (DEA) - Hoya Hotseat

Hoya Capital

Easterly Government (DEA) - Hoya Hotseat In the News All DEA Mar 24 Written By Alex Pettee, CFA Hoya Capital Easterly Government (DEA) is a small-cap office REIT ($1.1B market-cap) with a unique focus on properties leased to U.S. government agencies. DEA owns 90 properties across a national footprint, with 99% of leases backed by the U.S government. Founder and Chairman Darrell Crate joins the Hoya Hotseat to discuss the company's strategy of tailoring facilities to meet the unique needs of each US Government agency.

He notes the steady growth nature of government spending, particularly for mission-critical activities and shared Easterly's journey, starting as a private equity business in 2009 and going public in 2015. Continue reading ▶︎ Interviews Press All Hoya Hotseat DEA Alex Pettee, CFA Transcript Easter Le's focused on acquiring developing and managing secure commercial real estate facilities for Mission critical government agencies yeah these agencies include the FBI the DEA the VA uh the FAA all government critical functions the mission critical nature of Easter lease tendency ensures a strong and stable cash flow from leases backed by the full faith and credit of the US government this provides a very high level of certainty and stability around Easter Le balance sheet insulating the company from market volatilities and business Cycles because its tendency is a near- certain ability to meet its financial obligations I co-founded easterly Government properties as a private Equity Fund in 2009 seeing the definable edge generated from serving the country's Mission critical government agencies with generating consistent shareholder value the company has since raised successor funds completed a formation transaction and added a development vertical while going public in 2015 since Inception we've Acquired and developed over 100 properties and 8 million square ft of government Affiliated real estate while office reads continue to contend with remote work threatening their occupancy outlooks and portfolio growth easterly's facilities remain essential to the ...