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Real Estate - REIT - Office - NYSE - US
$ 12.06
-1.99 %
$ 1.27 B
Market Cap
70.94
P/E
1. INTRINSIC VALUE

Easterly Government Properties, Inc. (NYSE:DEA) is based in Washington, D.C., and focuses primarily on the acquisition, development and management of Class A commercial properties that are leased to the U.S. Government. Easterly's experienced management team brings specialized insight into the strategy and needs of mission-critical U.S. Government agencies for properties leased to such agencies either directly or through the U.S. General Services Administration (GSA).[ Read More ]

The intrinsic value of one DEA stock under the base case scenario is HIDDEN Compared to the current market price of 12.1 USD, Easterly Government Properties, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart DEA

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FINANCIALS
287 M REVENUE
-2.17%
136 M OPERATING INCOME
77.86%
21.1 M NET INCOME
-40.78%
114 M OPERATING CASH FLOW
-9.10%
-127 M INVESTING CASH FLOW
-83.80%
17.2 M FINANCING CASH FLOW
128.80%
74.8 M REVENUE
0.23%
0 OPERATING INCOME
0.00%
5.75 M NET INCOME
28.40%
57.2 M OPERATING CASH FLOW
0.28%
-125 M INVESTING CASH FLOW
-23.26%
79.8 M FINANCING CASH FLOW
414.53%
Balance Sheet Decomposition Easterly Government Properties, Inc.
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Current Assets 88.2 M
Cash & Short-Term Investments 21.9 M
Receivables 66.3 M
Other Current Assets 0
Non-Current Assets 148 M
Long-Term Investments 287 M
PP&E 2.32 B
Other Non-Current Assets -2.46 B
Current Liabilities 999 M
Accounts Payable 80.2 M
Short-Term Debt 164 M
Other Current Liabilities 755 M
Non-Current Liabilities 471 M
Long-Term Debt 1.15 B
Other Non-Current Liabilities -675 M
EFFICIENCY
Earnings Waterfall Easterly Government Properties, Inc.
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Revenue 287 M
Cost Of Revenue 194 M
Gross Profit 93.5 M
Operating Expenses 118 M
Operating Income 136 M
Other Expenses 115 M
Net Income 21.1 M
RATIOS
32.56% GROSS MARGIN
32.56%
47.22% OPERATING MARGIN
47.22%
6.34% NET MARGIN
6.34%
1.38% ROE
1.38%
0.63% ROA
0.63%
5.18% ROIC
5.18%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Easterly Government Properties, Inc.
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Net Income 21.1 M
Depreciation & Amortization 91.3 M
Capital Expenditures 0
Stock-Based Compensation 5.75 M
Change in Working Capital 2.56 M
Others -6.58 M
Free Cash Flow 114 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Easterly Government Properties, Inc.
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Wall Street analysts predict an average 1-year price target for DEA of $13.2 , with forecasts ranging from a low of $11 to a high of $15 .
DEA Lowest Price Target Wall Street Target
11 USD -8.79%
DEA Average Price Target Wall Street Target
13.2 USD 9.87%
DEA Highest Price Target Wall Street Target
15 USD 24.38%
4. DIVIDEND ANALYSIS
2.05% DIVIDEND YIELD
0.265 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Easterly Government Properties, Inc.
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
105 K USD 1
9-12 MONTHS
Date Value Insider Amount Avg Price
11 months ago
Dec 13, 2023
Bought 105 K USD
Crate Darrell W
Chairman
+ 8000
13.14 USD
2 years ago
Mar 29, 2022
Sell 150 K USD
Trimble William C.
President & CEO
- 7000
21.4 USD
2 years ago
Mar 11, 2022
Sell 411 K USD
Crate Darrell W
Chairman
- 19594
21 USD
2 years ago
Mar 14, 2022
Sell 208 K USD
Crate Darrell W
Chairman
- 10000
20.81 USD
2 years ago
Mar 15, 2022
Sell 218 K USD
Crate Darrell W
Chairman
- 10406
20.94 USD
2 years ago
Mar 11, 2022
Sell 2.86 M USD
Crate Darrell W
Chairman
- 135406
21.11 USD
2 years ago
Mar 03, 2022
Sell 150 K USD
Trimble William C.
President & CEO
- 7000
21.4 USD
2 years ago
Jan 18, 2022
Sell 157 K USD
Trimble William C.
President & CEO
- 7000
22.47 USD
3 years ago
Oct 15, 2021
Sell 73.7 K USD
Trimble William C.
President & CEO
- 3400
21.67 USD
3 years ago
Oct 14, 2021
Sell 120 K USD
Trimble William C.
President & CEO
- 5600
21.5 USD
3 years ago
Sep 27, 2021
Sell 21.8 K USD
Crate Darrell W
Chairman
- 1034
21.1 USD
3 years ago
Sep 10, 2021
Sell 41.6 K USD
Crate Darrell W
Chairman
- 2000
20.8 USD
3 years ago
Aug 25, 2021
Sell 107 K USD
Crate Darrell W
Chairman
- 5000
21.46 USD
3 years ago
Aug 12, 2021
Sell 195 K USD
Trimble William C.
President & CEO
- 9000
21.65 USD
3 years ago
Aug 10, 2021
Sell 112 K USD
Crate Darrell W
Chairman
- 5000
22.48 USD
3 years ago
Jul 26, 2021
Sell 111 K USD
Crate Darrell W
Chairman
- 5000
22.22 USD
3 years ago
Jul 12, 2021
Sell 195 K USD
Trimble William C.
President & CEO
- 9000
21.7 USD
3 years ago
Jul 12, 2021
Sell 109 K USD
Crate Darrell W
Chairman
- 5000
21.72 USD
3 years ago
Jun 25, 2021
Sell 107 K USD
Crate Darrell W
Chairman
- 5000
21.4 USD
3 years ago
Jun 14, 2021
Sell 196 K USD
Trimble William C.
President & CEO
- 9000
21.83 USD
3 years ago
Jun 10, 2021
Sell 109 K USD
Crate Darrell W
Chairman
- 5000
21.74 USD
3 years ago
Jun 07, 2021
Sell 64.5 K USD
Crate Darrell W
Chairman
- 3000
21.5 USD
3 years ago
Jun 07, 2021
Sell 194 K USD
Trimble William C.
President & CEO
- 9000
21.51 USD
3 years ago
May 25, 2021
Sell 41.4 K USD
Crate Darrell W
Chairman
- 2000
20.69 USD
3 years ago
May 10, 2021
Sell 42.5 K USD
Crate Darrell W
Chairman
- 2000
21.25 USD
3 years ago
Apr 26, 2021
Sell 108 K USD
Crate Darrell W
Chairman
- 5000
21.62 USD
3 years ago
Apr 16, 2021
Sell 194 K USD
Trimble William C.
President & CEO
- 9000
21.51 USD
3 years ago
Apr 16, 2021
Sell 64.5 K USD
Crate Darrell W
Chairman
- 3000
21.5 USD
3 years ago
Apr 12, 2021
Sell 42.2 K USD
Crate Darrell W
Chairman
- 2000
21.09 USD
3 years ago
Mar 26, 2021
Sell 41.9 K USD
Crate Darrell W
Chairman
- 2000
20.93 USD
3 years ago
Mar 09, 2021
Sell 853 K USD
Trimble William C.
President & CEO
- 40000
21.33 USD
3 years ago
Dec 10, 2020
Sell 108 K USD
Crate Darrell W
Chairman
- 5000
21.59 USD
3 years ago
Nov 25, 2020
Sell 110 K USD
Crate Darrell W
Chairman
- 5000
22 USD
4 years ago
Nov 16, 2020
Sell 138 K USD
Trimble William C.
President & CEO
- 6250
22.07 USD
4 years ago
Nov 10, 2020
Sell 107 K USD
Crate Darrell W
Chairman
- 5000
21.45 USD
4 years ago
Oct 26, 2020
Sell 110 K USD
Crate Darrell W
Chairman
- 5000
21.96 USD
4 years ago
Oct 15, 2020
Sell 141 K USD
Trimble William C.
President & CEO
- 6250
22.52 USD
4 years ago
Oct 12, 2020
Sell 114 K USD
Crate Darrell W
Chairman
- 5000
22.77 USD
4 years ago
Sep 25, 2020
Sell 113 K USD
Crate Darrell W
Chairman
- 5000
22.54 USD
4 years ago
Sep 15, 2020
Sell 149 K USD
Trimble William C.
President & CEO
- 6250
23.81 USD
4 years ago
Sep 10, 2020
Sell 120 K USD
Crate Darrell W
Chairman
- 5000
24.06 USD
4 years ago
Aug 25, 2020
Sell 121 K USD
Crate Darrell W
Chairman
- 5000
24.21 USD
4 years ago
Aug 18, 2020
Sell 239 K USD
Bernard Alison M.
EVP & CAO
- 10000
23.89 USD
4 years ago
Aug 17, 2020
Sell 510 K USD
Trimble William C.
President & CEO
- 21250
24.01 USD
4 years ago
Aug 10, 2020
Sell 128 K USD
Crate Darrell W
Chairman
- 5000
25.59 USD
4 years ago
Jul 27, 2020
Sell 114 K USD
Crate Darrell W
Chairman
- 5000
22.7 USD
4 years ago
Jul 22, 2020
Sell 353 K USD
Trimble William C.
President & CEO
- 15000
23.52 USD
4 years ago
Jul 15, 2020
Sell 143 K USD
Trimble William C.
President & CEO
- 6250
22.92 USD
4 years ago
Jul 10, 2020
Sell 114 K USD
Crate Darrell W
Chairman
- 5000
22.79 USD
4 years ago
Jun 26, 2020
Sell 115 K USD
Crate Darrell W
Chairman
- 5000
23.08 USD
4 years ago
Jun 16, 2020
Sell 74.2 K USD
Trimble William C.
President & CEO
- 3029
24.51 USD
4 years ago
Jun 15, 2020
Sell 436 K USD
Trimble William C.
President & CEO
- 18221
23.92 USD
4 years ago
May 18, 2020
Sell 368 K USD
Trimble William C.
President & CEO
- 15000
24.54 USD
4 years ago
May 15, 2020
Sell 143 K USD
Trimble William C.
President & CEO
- 6250
22.93 USD
4 years ago
Apr 15, 2020
Sell 574 K USD
Trimble William C.
President & CEO
- 21250
27.01 USD
4 years ago
Mar 11, 2020
Sell 1.03 M USD
Crate Darrell W
Chairman
- 45000
22.81 USD
4 years ago
Mar 11, 2020
Sell 14.2 K USD
Crate Darrell W
Chairman
- 625
22.74 USD
4 years ago
Mar 11, 2020
Sell 14.2 K USD
Crate Darrell W
Chairman
- 625
22.78 USD
4 years ago
Mar 11, 2020
Sell 45.6 K USD
Crate Darrell W
Chairman
- 2000
22.82 USD
4 years ago
Mar 06, 2020
Sell 382 K USD
Bernard Alison M.
EVP & CAO
- 15501
24.65 USD
4 years ago
Mar 02, 2020
Sell 94.6 K USD
MEAD JAMES E
Director
- 3805
24.87 USD
4 years ago
Mar 02, 2020
Sell 218 K USD
Trimble William C.
President & CEO
- 9000
24.27 USD
4 years ago
Feb 03, 2020
Sell 219 K USD
Trimble William C.
President & CEO
- 9000
24.33 USD
4 years ago
Jan 02, 2020
Sell 212 K USD
Trimble William C.
President & CEO
- 9000
23.51 USD
4 years ago
Dec 02, 2019
Sell 207 K USD
Trimble William C.
President & CEO
- 9000
23.02 USD
5 years ago
Nov 01, 2019
Sell 200 K USD
Trimble William C.
President & CEO
- 9000
22.27 USD
5 years ago
Oct 01, 2019
Sell 192 K USD
Trimble William C.
President & CEO
- 9000
21.3 USD
5 years ago
Sep 03, 2019
Sell 186 K USD
Trimble William C.
President & CEO
- 9000
20.68 USD
5 years ago
Aug 01, 2019
Sell 172 K USD
Trimble William C.
President & CEO
- 9000
19.14 USD
5 years ago
Jul 22, 2019
Sell 150 K USD
Crate Darrell W
Chairman
- 8125
18.47 USD
5 years ago
Jul 01, 2019
Sell 162 K USD
Trimble William C.
President & CEO
- 9000
18.04 USD
5 years ago
Jun 24, 2019
Sell 149 K USD
Crate Darrell W
Chairman
- 8125
18.31 USD
5 years ago
Jun 13, 2019
Sell 83.8 K USD
Kendall Ronald E.
EVP - Government Relations
- 4500
18.63 USD
5 years ago
Jun 03, 2019
Sell 165 K USD
Trimble William C.
President & CEO
- 9000
18.29 USD
5 years ago
May 22, 2019
Sell 151 K USD
Crate Darrell W
Chairman
- 8125
18.62 USD
5 years ago
May 01, 2019
Sell 163 K USD
Trimble William C.
President & CEO
- 9000
18.12 USD
5 years ago
Apr 22, 2019
Sell 141 K USD
CRATE DARRELL W
Chairman
- 8125
17.33 USD
5 years ago
Apr 01, 2019
Sell 160 K USD
Trimble William C.
President & CEO
- 9000
17.8 USD
5 years ago
Mar 27, 2019
Sell 147 K USD
CRATE DARRELL W
Chairman
- 8125
18.1 USD
5 years ago
Mar 06, 2019
Sell 361 K USD
Bernard Alison M.
EVP & CAO
- 20000
18.03 USD
6 years ago
Nov 08, 2018
Sell 162 K USD
Trimble William C.
President & CEO
- 9000
18 USD
6 years ago
Nov 07, 2018
Sell 178 K USD
Bernard Alison M.
EVP & CAO
- 10000
17.77 USD
6 years ago
Sep 13, 2018
Sell 7.86 M USD
CRATE DARRELL W
Chairman
- 400000
19.65 USD
6 years ago
Sep 10, 2018
Sell 180 K USD
Trimble William C.
President & CEO
- 9000
19.96 USD
6 years ago
Sep 10, 2018
Sell 162 K USD
CRATE DARRELL W
Chairman
- 8125
20 USD
6 years ago
Aug 15, 2018
Sell 162 K USD
CRATE DARRELL W
Chairman
- 8125
20 USD
6 years ago
Aug 08, 2018
Sell 178 K USD
Trimble William C.
President & CEO
- 9000
19.75 USD
6 years ago
Jul 09, 2018
Sell 162 K USD
CRATE DARRELL W
Chairman
- 8125
20 USD
6 years ago
May 23, 2018
Sell 2.36 M USD
CRATE DARRELL W
Chairman
- 118172
20 USD
6 years ago
May 24, 2018
Sell 832 K USD
CRATE DARRELL W
Chairman
- 41828
19.9 USD
6 years ago
Mar 13, 2018
Bought 39.5 K USD
Bernard Alison M.
EVP & CAO
+ 2000
19.75 USD
8 years ago
Mar 08, 2016
Bought 17.3 K USD
CRATE DARRELL W
Chairman
+ 1000
17.28 USD
9 years ago
Jul 30, 2015
Bought 31.3 K USD
CRATE DARRELL W
Chairman
+ 2000
15.65 USD
9 years ago
Jul 30, 2015
Bought 31.3 K USD
CRATE DARRELL W
Chairman
+ 2000
15.67 USD
9 years ago
Jul 30, 2015
Bought 9.78 K USD
CRATE DARRELL W
Chairman
+ 625
15.65 USD
9 years ago
Jul 31, 2015
Bought 9.86 K USD
CRATE DARRELL W
Chairman
+ 625
15.78 USD
8 years ago
Aug 17, 2016
Bought 38.1 K USD
MEAD JAMES E
Director
+ 2000
19.05 USD
8 years ago
Aug 16, 2016
Bought 38.6 K USD
MEAD JAMES E
Director
+ 2000
19.3 USD
8 years ago
Aug 15, 2016
Bought 19.7 K USD
Fisher Cynthia A
Director
+ 1000
19.66 USD
8 years ago
Aug 15, 2016
Bought 19.6 K USD
MEAD JAMES E
Director
+ 1000
19.65 USD
8 years ago
Aug 11, 2016
Bought 19.8 K USD
MEAD JAMES E
Director
+ 1000
19.78 USD
8 years ago
Aug 09, 2016
Bought 251 K USD
Fisher Cynthia A
Director
+ 12736
19.71 USD
8 years ago
Aug 09, 2016
Bought 112 K USD
Fisher Cynthia A
Director
+ 5712
19.6 USD
8 years ago
May 12, 2016
Bought 18.8 K USD
Trimble William C.
CEO and President
+ 1000
18.8071 USD
8 years ago
Mar 08, 2016
Bought 173 K USD
CRATE DARRELL W
Chairman
+ 10000
17.32 USD
9 years ago
Aug 27, 2015
Bought 74 K USD
CRATE DARRELL W
Chairman
+ 4805
15.4 USD
9 years ago
Aug 26, 2015
Bought 3 K USD
CRATE DARRELL W
Chairman
+ 195
15.4 USD
9 years ago
Aug 25, 2015
Bought 155 K USD
Ibe Michael P.
EVP - Dev. and Acquisitions
+ 10000
15.53 USD
9 years ago
Aug 20, 2015
Bought 316 K USD
CRATE DARRELL W
Chairman
+ 20000
15.8 USD
9 years ago
Aug 07, 2015
Bought 86.6 K USD
CRATE DARRELL W
Chairman
+ 5560
15.57 USD
9 years ago
Aug 10, 2015
Bought 470 K USD
Trimble William C.
CEO and President
+ 30000
15.67 USD
9 years ago
Aug 07, 2015
Bought 702 K USD
Trimble William C.
CEO and President
+ 45000
15.61 USD
9 years ago
Jun 12, 2015
Bought 318 K USD
CRATE DARRELL W
Chairman
+ 20000
15.9 USD
9 years ago
Feb 11, 2015
Bought 90 K USD
Moravec Joseph F.
EVP - Government Relations
+ 6000
15 USD
9 years ago
Feb 11, 2015
Bought 240 K USD
MEAD JAMES E
Director
+ 16000
15 USD
9 years ago
Feb 11, 2015
Bought 650 K USD
Fisher Cynthia A
Director
+ 43300
15 USD
9 years ago
Feb 11, 2015
Bought 51 K USD
Fisher Cynthia A
Director
+ 3400
15 USD
9 years ago
Feb 11, 2015
Bought 300 K USD
CRATE DARRELL W
Chairman
+ 20000
15 USD
7. News
Easterly Government Properties: The Trump Factor Easterly Government Properties is poised to benefit from President-elect Trump's second term due to potential increased government and defense spending. Despite elevated payout ratios and economic uncertainties, DEA has shown solid growth in core FFO, revenue, and acquisitions in 2024. DEA's valuation is attractive at a forward multiple of 11.65x, with potential upside if they deliver on growth expectations and interest rates decline. seekingalpha.com - 1 week ago
Easterly Government Properties, Inc. (DEA) Q3 2024 Earnings Call Transcript 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. seekingalpha.com - 1 week ago
Here's What Key Metrics Tell Us About Easterly Government Properties (DEA) Q3 Earnings While the top- and bottom-line numbers for Easterly Government Properties (DEA) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values. zacks.com - 1 week ago
Easterly Government Properties (DEA) Q3 FFO Surpass Estimates Easterly Government Properties (DEA) came out with quarterly funds from operations (FFO) of $0.30 per share, beating the Zacks Consensus Estimate of $0.29 per share. This compares to FFO of $0.29 per share a year ago. zacks.com - 1 week ago
Easterly Government Properties Reports Third Quarter 2024 Results WASHINGTON--(BUSINESS WIRE)--Easterly Government Properties, Inc. (NYSE: DEA) (the “Company” or “Easterly”), a fully integrated real estate investment trust (“REIT”) focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government, today announced its results of operations for the quarter ended September 30, 2024. Highlights for the Quarter Ended September 30, 2024: Net income of $5.1 million, or $0.05 per share on a fully diluted b. businesswire.com - 1 week ago
Easterly Government Properties Announces Quarterly Dividend WASHINGTON--(BUSINESS WIRE)--Easterly Government Properties, Inc. (NYSE: DEA), a fully integrated real estate investment trust focused primarily on the acquisition, development and management of Class A commercial properties leased to U.S. Government agencies, announced today that its Board of Directors has approved a quarterly cash dividend of $0.265 per common share. The dividend will be payable on November 27, 2024 to shareholders of record on November 15, 2024. About Easterly Government Pro. businesswire.com - 2 weeks ago
Yields Up To 9%: 3 REITs To Buy For 2025 Interest rates are now headed to lower levels. But REITs still offer up to 9% dividend yields. I highlight three of my favorite high yielding REITs for 2025. seekingalpha.com - 1 month ago
Why Easterly Government Properties Stock Topped the Market Today The company has now entered undervalued territory, according to one pundit tracking its fortunes. fool.com - 1 month ago
Fed Rate Cuts Breathe New Life Into These High-Yield Stocks Real estate is great, except for the heavy time commitment, which makes it a non-starter for me. “Brett, can you come over and change my lightbulb? forbes.com - 1 month ago
Aligned Data Centers Appoints Meghan Baivier as Chief Financial Officer Aligned announces the appointment of Meghan Baivier as CFO. In addition, the company announces the transition of Anubhav Raj to Chief Investment Officer. globenewswire.com - 1 month ago
Easterly Government Properties: 8% Dividend Yield And Increased Investment Activity; Potential Attractive Opportunity Easterly Government Properties benefits from anticipated lower interest rates, enhancing their growth potential and investment activity, despite an elevated payout ratio above 100%. With increased investment activity, the REIT may be able to cover its dividend in the near to medium term. Recent acquisitions, including major government-adjacent acquisitions to investment-rated companies like Northrop Grumman, and a solid balance sheet position DEA for potential upside, along with a strong pipeline of future deals. seekingalpha.com - 2 months ago
Easterly Government Expands Portfolio With Strategic Acquisitions Easterly Government's buyout of a facility adjacent to the Wright-Patterson Air Force Base is likely to ensure a steady stream of rental revenues for a long period. zacks.com - 2 months ago
8. Profile Summary

Easterly Government Properties, Inc. DEA

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COUNTRY US
INDUSTRY REIT - Office
MARKET CAP $ 1.27 B
Dividend Yield 2.05%
Description Easterly Government Properties, Inc. (NYSE:DEA) is based in Washington, D.C., and focuses primarily on the acquisition, development and management of Class A commercial properties that are leased to the U.S. Government. Easterly's experienced management team brings specialized insight into the strategy and needs of mission-critical U.S. Government agencies for properties leased to such agencies either directly or through the U.S. General Services Administration (GSA).
Contact 2101 L Street NW, Washington, DC, 20037 https://www.easterlyreit.com
IPO Date Feb. 6, 2015
Employees 56
Officers Mr. Darrell William Crate Chief Executive Officer, President & Director Mr. Andrew G. Pulliam CPA Executive Vice President of Acquisitions & Portfolio Management Ms. Stephanie Smarr Supervisory Vice President & Head of Asset Management Operations Mr. John Stuart Burns Executive Vice President of Government Relations Mr. Mark W. Bauer Executive Vice President of Development Mr. Daniel Powers Vice President of Corporate Finance Mr. Nick A. Nimerala Senior Vice President & Chief Asset Officer Ms. Lindsay Winterhalter Senior Vice President of Investor Relations & Operations Mr. Michael P. Ibe Vice Chairman of the Board and Executive Vice President of Development & Acquisitions Ms. Allison E. Marino Executive Vice President, Chief Financial Officer & Chief Accounting Officer