Easterly Government Properties Posts Strong Q4 and Full Year 2025 Results

By Chris Stiles • Monday, February 23 10:36 • Permanent Link

Easterly Government Properties, Inc. (NYSE: DEA) has reported its fourth quarter and full year 2025 results. For the quarter ended December 31, 2025, the company reported a net income of $4.8 million, which translates to $0.10 per share on a fully diluted basis. The core funds from operations (FFO) for the same period amounted to $36.8 million, or $0.77 per share on a fully diluted basis.

Looking at the full year ended December 31, 2025, Easterly Government Properties reported a net income of $13.6 million, or $0.29 per share on a fully diluted basis. The core FFO for the full year was $140.1 million, or $2.99 per share on a fully diluted basis.

The company completed the acquisition of three properties for a total contractual purchase price of $169.9 million and disposed of Ice * Otay for net sale proceeds of about $3.5 million. Additionally, Easterly Government Properties was awarded a lease to develop a 40,035 square foot federal courthouse in Medford, Oregon, and acquired land to develop an approximately 64,000 square foot laboratory in Fort Myers, Florida, among other developments.

As of December 31, 2025, the company owned 103 operating properties in the United States encompassing approximately 10.4 million leased square feet, with a weighted average remaining lease term of 9.5 years.

In terms of its balance sheet and capital markets activity, Easterly Government Properties had total indebtedness of approximately $1.7 billion as of December 31, 2025, with a weighted average maturity of 4.2 years and a weighted average interest rate of 4.6%.

Looking ahead, the company is maintaining its guidance for full-year 2026 core FFO per share on a fully diluted basis at a range of $3.05 * $3.12.

The company's board of directors approved a cash dividend for the fourth quarter of 2025 in the amount of $0.45 per common share, payable on March 19, 2026.

Easterly Government Properties' outlook for the 12 months ending December 31, 2026, is backed by a low-end net income per share of $0.35 and a high-end net income per share of $0.42, with core FFO per share expected to range from $3.05 to $3.12.

Following these announcements, the company's shares moved 1.01%, and are now trading at a price of $23.10. Check out the company's full 8-K submission here.

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