Easterly Government Properties (NYSE:DEA) Announces Earnings Results

Easterly Government Properties (NYSE:DEA) posted its quarterly earnings results on Monday. The real estate investment trust reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.67), FiscalAI reports. The business had revenue of $87.04 million for the quarter, compared to the consensus estimate of $87.73 million. Easterly Government Properties had a net margin of 4.24% and a return on equity of 1.00%. Easterly Government Properties’s revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.29 earnings per share. Easterly Government Properties updated its FY 2026 guidance to 3.050-3.120 EPS.

Here are the key takeaways from Easterly Government Properties’ conference call:

• Core FFO per share momentum — Easterly reported ~3% full-year Core FFO growth for 2025 (Q4 Core FFO +~6% YoY) and is guiding to ~3% Core FFO per share growth at the 2026 midpoint, marking a third consecutive year in its 2%–3% growth target range.
• High-quality, durable portfolio — Portfolio occupancy is near 97% with roughly a decade weighted average lease term and an active development pipeline (FDA Atlanta delivered; courthouses and a state crime lab under construction) that management says will drive stable, mission-critical cash flows.
• Accretive deal execution — Closed a three-asset Virginia acquisition for $44.5M (~298k sq ft) at a ~11% going-in cash cap rate that management calls immediately accretive, and they cite a $1.5B acquisition pipeline focused on state/local partnerships with built-in escalations.
• Leverage remains elevated — Reported cash leverage (net debt / annualized quarterly EBITDA) of 7.5x, above the company’s medium-term ~6x target; management expects reimbursements and ongoing execution to lower leverage but current levels could pressure funding costs in the near term.
• Policy and budget uncertainty — Management frames recent federal real estate initiatives (DOGE) and agency budget changes as ultimately favorable for outsourcing to private owners, but acknowledged agency efficiency drives and cuts that could create near-term headline risk despite the firm’s stated portfolio durability.

Easterly Government Properties Stock Down 2.4%

DEA stock opened at $23.55 on Tuesday. Easterly Government Properties has a one year low of $19.33 and a one year high of $29.49. The firm has a market cap of $1.09 billion, a PE ratio of 77.21 and a beta of 0.96. The firm’s 50 day moving average price is $22.75 and its 200-day moving average price is $22.37. The company has a debt-to-equity ratio of 1.18, a quick ratio of 3.47 and a current ratio of 3.47.

Easterly Government Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Thursday, March 5th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $1.80 annualized dividend and a dividend yield of 7.6%. Easterly Government Properties’s dividend payout ratio is 600.00%.

Institutional Investors Weigh In On Easterly Government Properties

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Corient Private Wealth LLC purchased a new position in shares of Easterly Government Properties during the 4th quarter worth $203,000. Polymer Capital Management US LLC lifted its position in Easterly Government Properties by 17.1% in the fourth quarter. Polymer Capital Management US LLC now owns 19,629 shares of the real estate investment trust’s stock valued at $416,000 after buying an additional 2,867 shares during the last quarter. Balyasny Asset Management L.P. boosted its stake in Easterly Government Properties by 7.5% during the fourth quarter. Balyasny Asset Management L.P. now owns 921,658 shares of the real estate investment trust’s stock worth $19,530,000 after buying an additional 64,554 shares during the period. Freestone Grove Partners LP acquired a new stake in shares of Easterly Government Properties during the fourth quarter valued at about $463,000. Finally, Guggenheim Capital LLC increased its position in shares of Easterly Government Properties by 58.0% during the fourth quarter. Guggenheim Capital LLC now owns 23,755 shares of the real estate investment trust’s stock valued at $503,000 after acquiring an additional 8,717 shares during the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Easterly Government Properties News Roundup

Here are the key news stories impacting Easterly Government Properties this week:

• Positive Sentiment: Material FY‑2026 guidance beat — management set Core FFO guidance of $3.05–$3.12, well above prior street consensus, which is being interpreted as meaningful upside to near‑term cash flow expectations and supports the dividend outlook. Easterly Government Properties Reports Fourth Quarter 2025 Results
• Positive Sentiment: Bullish analyst/market commentary highlights stable cash flows from very long‑term U.S. government leases and a ~7.5% dividend yield, reinforcing the REIT’s defensive income narrative that is attracting yield‑seeking investors. Easterly Government Properties: The High Yield And Stability The Market Keeps Ignoring
• Positive Sentiment: Q4 operating results showed EPS improvement (from $0.29 a year ago to $0.77) and ~11% revenue growth YoY, signaling underlying portfolio rent growth and acquisition contribution — a constructive operational read. Easterly Government Properties beats estimates on earnings
• Neutral Sentiment: Detailed color is available from the earnings call and multiple transcripts for investors wanting management commentary on rent collections, acquisitions and capital markets. These are informative but largely reiterate the guidance and strategy. Easterly Government (DEA) Earnings Transcript
• Neutral Sentiment: Press summaries and slide deck are posted for investors who want the full financials and disposition/acquisition details — useful for modeling but not new directional news. Easterly Government Properties, Inc. Q4 2025 Earnings Call Summary
• Negative Sentiment: Risks remain: net income was modest (Q4 net income ~$4.8M), margins and ROE are low, and management acknowledged macro headwinds and elevated borrowing costs that could pressure future cap rates and acquisition economics. These factors temper valuation upside and could cap shares if rates stay high. Easterly Government Properties Reports Fourth Quarter 2025 Results

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Truist Financial cut their target price on shares of Easterly Government Properties from $25.00 to $24.00 and set a “hold” rating for the company in a report on Monday, November 24th. Wall Street Zen upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. Finally, Weiss Ratings cut shares of Easterly Government Properties from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $24.99.

About Easterly Government Properties

Easterly Government Properties, Inc is a real estate investment trust that specializes in the acquisition, development and management of commercial properties leased to U.S. government agencies. Structured as a triple-net lease REIT, the company focuses on single-tenant assets with long-term, credit-backed leases that transfer most property-level responsibilities—including taxes, insurance and maintenance—to its government tenants.

The firm’s portfolio encompasses a variety of facility types, including office buildings, training centers, laboratories and mission-critical installations used by federal agencies.