Easterly Government Properties (NYSE:DEA – Get Free Report) released its quarterly earnings data on Monday. The real estate investment trust reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06, Zacks reports. Easterly Government Properties had a net margin of 2.86% and a return on equity of 0.75%. The business had revenue of $92.42 million for the quarter, compared to analyst estimates of $90.94 million. During the same quarter last year, the firm earned $0.74 EPS. Easterly Government Properties’s quarterly revenue was up 9.8% compared to the same quarter last year. Easterly Government Properties updated its FY 2026 guidance to 3.070-3.130 EPS.
Here are the key takeaways from Easterly Government Properties’ conference call:
- Core FFO per share rose 5.4% year over year to $0.78, exceeding the company’s 2%–3% long-term growth target. Revenue increased 10% to $92.4 million, while EBITDA grew approximately 8% to $58.4 million.
- Management raised full-year 2026 Core FFO guidance to $3.07–$3.13 per share, citing stronger-than-expected portfolio performance and successful financing activity.
- The company secured a new $200 million, five-year unsecured term loan at an initial spread of 130 basis points over SOFR, with a $50 million accordion feature. Proceeds repaid revolver borrowings, increasing liquidity for future growth.
- Portfolio fundamentals remain strong, with 98% occupancy and a 9.2-year weighted average lease term. All three development projects are progressing, including the FDLE laboratory facility expected to be delivered later this year.
- Management said its $1.5 billion acquisition and development pipeline is nearing an inflection point as the share price improves, but activity will depend on achieving sufficient spreads over the company’s cost of capital. The FAA is expected to remain through at least October, though management cautioned investors not to model additional revenue beyond the current lease term.
Easterly Government Properties Stock Down 2.2%
Shares of NYSE:DEA traded down $0.57 during trading on Wednesday, hitting $24.86. 66,247 shares of the company were exchanged, compared to its average volume of 416,725. Easterly Government Properties has a fifty-two week low of $20.56 and a fifty-two week high of $25.96. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 103.59 and a beta of 0.96. The company has a current ratio of 3.88, a quick ratio of 4.01 and a debt-to-equity ratio of 1.26. The firm has a fifty day moving average price of $24.53 and a two-hundred day moving average price of $23.56.
Easterly Government Properties Dividend Announcement
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Franklin Resources Inc. raised its holdings in Easterly Government Properties by 1.2% in the 4th quarter. Franklin Resources Inc. now owns 39,660 shares of the real estate investment trust’s stock valued at $840,000 after acquiring an additional 471 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Easterly Government Properties by 215.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,130 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 772 shares during the period. Federation des caisses Desjardins du Quebec lifted its holdings in shares of Easterly Government Properties by 32.0% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 3,391 shares of the real estate investment trust’s stock worth $72,000 after acquiring an additional 822 shares during the period. Daiwa Securities Group Inc. boosted its position in shares of Easterly Government Properties by 5.3% during the 4th quarter. Daiwa Securities Group Inc. now owns 16,427 shares of the real estate investment trust’s stock worth $348,000 after acquiring an additional 822 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in Easterly Government Properties by 0.8% in the third quarter. Public Employees Retirement System of Ohio now owns 104,660 shares of the real estate investment trust’s stock valued at $2,400,000 after acquiring an additional 836 shares during the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.
Analyst Ratings Changes
A number of analysts recently issued reports on the company. BMO Capital Markets reissued a “market perform” rating and set a $27.00 target price (up from $25.00) on shares of Easterly Government Properties in a research note on Monday. Weiss Ratings upgraded shares of Easterly Government Properties from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 27th. Finally, Wall Street Zen downgraded shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $23.89.
Check Out Our Latest Stock Analysis on DEA
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.
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