Easterly Government Properties, Inc. (DEA) Form 10-Q — Oct 26, 2026
Easterly Government Properties reported Q3 2026 total revenues of $93.6 million, up from $86.2 million a year earlier, with net income of $5.7 million ($0.11 diluted EPS) versus $1.2 million ($0.02) in Q3 2025. The improvement was driven by acquisitions, a development property placed in service, and a $1.1 million credit loss recovery tied to repayment of the $35.6 million DEA Bedford real estate loan. The REIT's portfolio of 96 wholly owned and 10 JV government-leased properties was 98% leased at September 30, 2026, with roughly 10.7 million leased square feet.
Key figures
- Eps
- 0.11
- Revenue
- 93611000
- Guidance
- No guidance provided; company states liquidity is adequate for the next 12 months.
- Net Income
- 5689000
- Revenue Yoy
- +8.7% (Q3: $93.6M vs $86.2M; nine-month: $277.6M vs $249.1M, +11.4%)
- Total Assets
- 3370793000
- Cash Position
- 2935000
- Shares Outstanding
- 47321617
- Occupancy
- 98% leased
- Portfolio
- 96 wholly owned + 10 JV operating properties, ~10.7M leased sq ft
- Acquisition
- Glen Allen, VA 3-property portfolio for $44.6 million
- Atm Remaining
- $215.0 million available under 2021 ATM Program
- Fixed Rate Debt Pct
- 87.2% fixed / 12.8% variable
- Dividend Per Share Q3
- $0.45
- Revolver Availability
- $383.8 million available under 2024 revolving credit facility
- Gross Acquisition Reimbursements
- $153.4 million received for FDA-Atlanta project
AI analysis
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