Easterly Government Properties, Inc. (NYSE:DEA) Q3 2024 Earnings Conference Call November 5, 2024 11:00 AM ET

Company Participants

Lindsay Winterhalter - SVP, IR
Darrell Crate - President & CEO
Allison Marino - CFO

Conference Call Participants

Michael Griffin - Citi
Peter Abramowitz - Jefferies
Aditi Balachandran - RBC Capital Markets
Michael Lewis - Truist Securities

Operator

Greetings. Welcome to the Easterly Government Properties Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session between the company's research analysts and Easterly's management team. [Operator Instructions]. Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Lindsay Winterhalter, Senior Vice President of Investor Relations. Please go ahead.

Lindsay Winterhalter

Good morning.

Before the call begins, please note that certain statements made during this conference call may include statements that are not historical facts and are considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although the company believes that its expectations is reflected in any forward-looking statements are reasonable, it can give no assurance that these expectations will be attained or achieved.

Furthermore, actual results may differ materially than those described in the forward-looking statements and will be affected by a variety of risks and factors that are beyond the company's control, including, without limitation, those contained in the company's most recent Form 10-K filed with the SEC and in its other SEC filings. The company assumes no obligation to update publicly any forward-looking statements.

Additionally, on this conference call, the company may refer to certain non-GAAP financial measures, such as funds from operations, core funds from operations, and cash available for distribution. You can find a tabular reconciliation of these non-GAAP financial measures to the most comparable current GAAP numbers in the company's earnings release and separate supplemental information package on the Investor Relations page of the company's website at ir.easterlyreit.com.

I would now like to turn the conference call over to Darrell Crate, President and CEO of Easterly Government Properties.

Darrell Crate

Thank you, Lindsay. Good morning, everyone, and thanks for joining us for this third quarter conference call.

We're pleased with the progress that we've made in the third quarter. As we've previously shared, we are executing our plan to achieve our stated growth goal of 2% to 3% core FFO per share growth year-over-year. Team feels confident in its ability to accomplish this goal by executing on accretive acquisitions, identifying, and implementing operating efficiencies and focusing our compensation plan around this growth commitment to our shareholders.