Investor Presentaiton
How Do You Comp Easterly?
Are We an Office or Net Lease REIT?
Easterly
Government Properties Inc.
Easterly compares favorably when considering key traits that drive value in the context of Net Lease versus Office
Office REITS
Net Lease REITS
Easterly
Tenancy
Multiple tenants
Single tenant
Single tenant
Lease Structure
Credit Quality
Renewal Probability
Geographic Focus
Product Type Diversity
Full-Service Gross
Medium
Low/ Medium
(commodity office)
Market Specific
(Gateway or Non-Gateway)
Office Only
NNN / NN
High (Typically Achieved
Through Diversity)
Very High (for retail)
National
(Credit Concept Driven)
Diversified
Modified Gross
Highest Quality through
Single Tenant (U.S. Gov't)
Very High (portfolio wide)
National
(Credit / Concept Driven)
Predominately Office
Use
Cash Flow
Characteristics
Transient / Commodity
Mission Critical
Mission Critical
Variable
Stable
Stable
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