EASTERLY GOVERNMENT PROPERTIES INC (DEA)
Real Estate · Government-leased real estate investment trust · NYSE
A specialized real estate investment trust focused on leasing properties to U.S. federal, state, and local government agencies.
What EASTERLY GOVERNMENT PROPERTIES INC does
Easterly Government Properties is a real estate investment trust (REIT) that acquires, owns, and operates properties leased primarily to U.S. federal government agencies, along with state, local government, and select private tenants. As of December 31, 2025, the company owned 93 operating properties wholly and had ownership interests in 10 additional properties through a joint venture, encompassing approximately 10.4 million leased square feet across the United States. The portfolio is 97% leased with exposure to major government agencies including GSA, FBI, VA, USCIS, and others, generating rental income and tenant reimbursements.
Themes: ["Government real estate / federal government properties","Real estate investment trust (REIT)","U.S. government tenant concentration","Long-term lease strategies"]
Fundamentals
- Price$24.75 as of 2026-07-09 close
- Market cap$1.2B as of 2026-07-10
- 1-year return+8.2% as of 2026-07-09 close
- P/E103.18 as of 2026-07-10
- Net margin+3.2% as of 2026-07-10
- Gross margin+67.1% as of 2026-07-10
- ROE+0.9% as of 2026-07-10
- Debt / equity1.31 as of 2026-07-10
- Revenue growth (YoY)+13.3% as of 2026-07-10
- Revenue CAGR (3y)+4.6% SEC XBRL
- Beta0.96 as of 2026-07-10
Dividend: yield +7.3%; 1-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Heavy dependence on U.S. federal government tenant agencies, which represent the vast majority of annualized lease income and could be subject to budget cuts, consolidation, or relocation decisions.","Government lease renewal risk; loss of major tenant leases could significantly impact occupancy rates and rental revenue, particularly given the concentration among federal agencies.","Cybersecurity threats and operational risks in managing a large portfolio of government properties, with increasing regulatory and compliance requirements."]
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.