Easterly Government Properties Reports Third Quarter 2026 Results
Easterly Government Properties reported Q3 2026 revenue of $93.6 million, up roughly 8.7% year-over-year, with net income of $5.7 million ($0.12/share fully diluted) and Core FFO of $38.0 million ($0.78/share, up from $0.76 a year ago). The 106-property portfolio was 98% leased with a 9.2-year weighted average remaining lease term, and the company collected full early repayment of its $35.6 million Bedford construction loan ahead of the August 2027 maturity. The board approved a $0.45/share Q3 dividend, and management raised the low end of full-year 2026 Core FFO guidance to $3.08-$3.13 while initiating 2027 guidance at $3.09-$3.17.
Key figures
- Eps
- 0.12
- Revenue
- 93611000
- Guidance
- FY2026 Core FFO/share raised at low end to $3.08-$3.13; FY2027 Core FFO/share initiated at $3.09-$3.17
- Revenue Yoy
- 8.7%
- Core ffo
- 38045000
- Occupancy
- 98% leased
- Total debt
- 1683347000
- Core ffo per share
- 0.78
- Dividend per share
- 0.45
- Net debt to ebitda
- 7.1x
- Bedford loan repaid
- 35600000
- Nine month core ffo
- 112541000
- Portfolio properties
- 106
- Nine month net income
- 10261000
- Adjusted net debt to ebitda
- 6.8x
- Interest rate swap notional
- 200000000
- Weighted avg remaining lease term
- 9.2 years
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.