REITResearch Real estate investment trust research powered by AI
← All REITs

Easterly Government Properties, Inc. DEA

Listed / Traded Office NYSE Mgmt:

Easterly Government Properties, Inc. (NYSE:DEA), headquartered in Washington, D.C., focuses its operations on acquiring, developing, and overseeing high-quality commercial real estate that is exclusively rented by the U.S. Government. The company's experienced leadership team brings unique insight into the strategic priorities and specific needs of vital federal agencies for these properties, whether leased directly to the agencies or facilitated through the U.S. General Services Administration (GSA).

This overview is background from company filings and may not reflect the latest quarter — the figures above are the current data, and the SEC filings are the primary source.

Plain-English: the Snapshot is the quick read — what it pays you (yield, dividend), how its cash flow looks (FFO/AFFO, Price/OCF) and how much debt it carries. Switch to Expert in the header to hide these explanations.

Snapshot

Price
$25.19
Market cap
$1.17B
Enterprise value
$2.88B
Dividend yieldi
7.15%
Annual dividendi
$1.80
Frequency
Quarterly
FFO / sharei
$0.76 · Q1 2026
Core FFO / sharei
$0.77 · Q1 2026
Net debt / EBITDAi
7.30x · Adj. EBITDA
Op. cash flow / sharei
$5.75
Price / OCFi
4.38
Payout (% of OCF)i
31.29%
Debt / book capitali
56.67%
Premium / disc. to NAVi
No free consensus-NAV source
Credit ratingi
No free ratings feed

Reported FFO / Core FFO / leverage are from the Q1 2026 earnings release (filed 2026-04-27) — 8-K, EX-99.1 ✓ Verified to filing.

Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.

$10,000 invested

396shares (~$25.19 each)
$715est. dividends / year
$60≈ per month
7.15%current yield

Illustrative income only, at today's price and latest declared dividend — it excludes price changes, dividend cuts and taxes. Not a forecast.

Model DEA yourself — any amount, shares, per-payment & a multi-year DRIP projection →

Balance sheet (latest FY: 2025)

Total debt
$1.67B
Cash
$23.37M
Net debt / EBITDAi
8.21x
Debt / book capitali
56.67%
Total assets
$3.38B
Total equity
$1.32B
Sponsored
Advanced charts & data →

Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.

Financial history

FYRevenueNet incomeD&A EBITDAOp. cash flow
2025 $336.10M $13.00M $113.90M $201.91M $259.19M
2024 $302.05M $19.55M $96.33M $179.34M $162.63M
2023 $287.23M $18.80M $91.29M $161.52M $114.48M
2022 $293.61M $31.47M $98.25M $181.19M $125.94M
2021 $274.86M $30.06M $91.27M $163.85M $118.34M
2020 $245.08M $11.96M $87.91M $140.91M $145.20M

Dividends

Recent regular dividends per share (special distributions excluded), oldest → newest.

Ex-dateRecordPaymentDeclaredAmountFreq.
2026-05-072026-05-072026-05-21 2026-04-22$0.45Quarterly
2026-03-052026-03-052026-03-19 2026-02-18$0.45Quarterly
2025-11-072025-11-072025-11-20 2025-10-23$0.45Quarterly
2025-08-132025-08-132025-08-25 2025-07-30$0.45Quarterly
2025-05-052025-05-052025-05-17 2025-04-09$0.45Quarterly
2025-03-052025-03-052025-03-17 2025-02-19$0.27Quarterly
2024-11-152024-11-152024-11-27 2024-11-01$0.27Quarterly
2024-08-012024-08-012024-08-13 2024-07-18$0.27Quarterly
2024-05-082024-05-092024-05-21 2024-04-26$0.27Quarterly
2024-03-052024-03-062024-03-18 2024-02-22$0.27Quarterly
2023-11-082023-11-092023-11-21 2023-10-26$0.27Quarterly
2023-08-162023-08-172023-08-29 2023-08-02$0.27Quarterly
2023-05-102023-05-112023-05-23 2023-04-26$0.27Quarterly
2023-03-082023-03-092023-03-21 2023-02-22$0.27Quarterly
2022-11-092022-11-112022-11-23 2022-10-27$0.27Quarterly
2022-08-102022-08-112022-08-23 2022-07-28$0.27Quarterly
2022-05-122022-05-132022-05-25 2022-04-27$0.27Quarterly
2022-03-092022-03-102022-03-22 2022-02-28$0.27Quarterly
2021-11-102021-11-122021-11-24 2021-10-29$0.27Quarterly
2021-08-112021-08-122021-08-24 2021-07-28$0.27Quarterly
2021-05-132021-05-142021-05-26 2021-04-29$0.26Quarterly
2021-03-042021-03-052021-03-17 2021-02-19$0.26Quarterly
2020-11-092020-11-112020-12-11 2020-10-28$0.26Quarterly
2020-08-122020-08-132020-09-11 2020-07-30$0.26Quarterly

Coverage (payout of operating cash flow): 31.29%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).

Recent news — DEA

Headlines via Financial Modeling Prep; links open the original publisher in a new tab. Not an endorsement or investment advice.

Other Office REITs

Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.

Theme