Easterly Government Properties AI Stock Analysis
Want to see DEA full AI Analyst Report?
Easterly Government Properties (DEA) AI Stock Analysis
Easterly Government Properties
(NYSE:DEA)
DEA scores in the upper-50s primarily because financial performance is stable but pressured by thin net profitability, sizable debt, and weakening cash-flow coverage. The earnings call was a relative positive (raised 2026 guidance and strong occupancy), but 2027 headwinds and refinancing risk temper expectations. Technicals are neutral and valuation is mixed, with a high dividend yield offset by a very high P/E, while the expanded equity offering program adds flexibility but also potential dilution risk.
Easterly Government Properties (DEA) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $1.07B
- Dividend Yield
- 8.06%
- Average Volume (3M)
- 425.52K
- Price to Earnings (P/E)
- 73.4
- Beta (1Y)
- 0.35
- Revenue Growth
- 11.40%
- EPS Growth
- -2.83%
- Country
- US
- Employees
- 55
- Sector
- Real Estate
- Sector Strength
- 65
- Industry
- REIT - Office
Easterly Government Properties Business Overview & Revenue Model
Company Description
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 e...
How the Company Makes Money
Easterly Government Properties makes money primarily by owning income-producing real estate and collecting contractual rental revenue from tenants, with an emphasis on U.S. federal government agencies. Key elements of its revenue model include: (1) B...
Easterly Government Properties Earnings Call Summary
The call was predominantly positive. Management reported solid revenue, EBITDA, FFO, portfolio occupancy, lease renewal, cash distribution, and leverage results; raised the low end of 2026 guidance; completed a major development project; and highlighted an actionable acquisition pipeline and progress toward investment-grade credit. These positives were tempered by moderate 2027 growth guidance, the expected FAA Chicago move-out, Loma Linda refinancing pressure, the Bedford loan repayment impact, the Medford project delay, and continued macroeconomic uncertainty.
Q3-2026 Updates
Positive Updates
Negative Updates
Company Guidance
For 2026, the company raised core FFO per share guidance to $3.08 to $3.13 per share from $3.07 to $3.13 previously, with the midpoint of guidance implying approximately 4% growth versus its stated long term 2% to 3% growth objective. For 2027, initial full year core FFO per share guidance is $3.09 to $3.17 per share, with the midpoint implying roughly 1% growth over the 2026 midpoint and the high end implying roughly 2%, the low end of the long term target; guidance assumes FAA Chicago remains occupied through April 20, 2027, includes between $25 million and $50 million of growth development related investment and approximately $50 million of wholly owned acquisitions, and incorporates the FAA Chicago move out and refinancing related pressure largely driven by the maturity of the Loma Linda loan. The company continues to expect mid- to high teens net effective rent spread on upcoming 2027 and 2028 renewals, with 10 to 15 of firm term achievable under these days.
Easterly Government Properties Financial Statement Overview
Summary
Fundamentals are mixed. Revenue trends are improving and operating-level profitability is solid, but net margins are thin and have weakened versus prior years. Leverage has improved, yet absolute debt remains sizable and returns on equity are low. Cash flow is positive but less resilient recently, with sharply lower free cash flow and weaker debt-service coverage.
Income Statement
66PositiveBalance Sheet
58NeutralCash Flow
53Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 364.61M | 336.10M | 302.05M | 287.23M | 293.61M | 274.86M |
| Gross Profit | 195.98M | -3.11M | 200.98M | 184.80M | 195.93M | 187.74M |
| EBITDA | 215.31M | 200.08M | 179.34M | 161.52M | 181.19M | 163.85M |
| Net Income | 14.51M | 13.00M | 19.55M | 18.80M | 31.47M | 30.06M |
Balance Sheet | ||||||
| Total Assets | 3.37B | 3.38B | 3.22B | 2.88B | 2.83B | 2.83B |
| Cash, Cash Equivalents and Short-Term Investments | 2.94M | 23.37M | 19.35M | 9.38M | 7.58M | 11.13M |
| Total Debt | 1.69B | 1.67B | 1.60B | 1.29B | 1.25B | 1.21B |
| Total Liabilities | 2.02B | 2.01B | 1.84B | 1.47B | 1.42B | 1.38B |
| Stockholders Equity | 1.30B | 1.32B | 1.32B | 1.32B | 1.24B | 1.28B |
Cash Flow | ||||||
| Free Cash Flow | 161.23M | 259.19M | 162.63M | 114.48M | 125.94M | 118.34M |
| Operating Cash Flow | 161.23M | 259.19M | 162.63M | 114.48M | 125.94M | 118.34M |
| Investing Cash Flow | -132.48M | -285.29M | -409.64M | -127.01M | -69.10M | -363.04M |
| Financing Cash Flow | -34.28M | 31.92M | 252.88M | 17.19M | -59.71M | 250.17M |
Easterly Government Properties Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DEA, the sentiment is Negative. The current price of 22.34 is above the 20-day moving average (MA) of 22.14, below the 50-day MA of 22.60, and below the 200-day MA of 22.62, indicating a neutral trend. The MACD of 0.00 indicates Negative momentum. The RSI at 49.18 is Neutral, neither overbought nor oversold. The STOCH value of 26.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DEA.
Easterly Government Properties Risk Analysis
Easterly Government Properties disclosed 71 risk factors in its most recent earnings report. Easterly Government Properties reported the most risks in the "Finance & Corporate" category.
Latest Risks Added
2 New RisksEasterly Government Properties Peers Comparison
Overall Rating
PDM69Neutral- DEA59Neutral
BDN56Neutral
JBGS55Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| PDM | 69Neutral | $1.23B | -14.10 | -5.98% | ― | 2.85% | -25.01% |
| Sector * | 65Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% |
| DEA | 59Neutral | $1.07B | 73.39 | 1.10% | 8.06% | 11.40% | -2.83% |
| BDN | 56Neutral | $528.74M | -3.89 | -19.42% | 10.29% | 3.52% | 25.03% |
| JBGS | 55Neutral | $909.47M | -3.44 | -18.81% | 5.75% | 3.02% | -72.59% |
* Real Estate Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| DEA | Easterly Government Properties Inc. | 22.34 | 2.56 | 12.94% | |
| PDM | Piedmont Office Realty Trust | 10.01 | 1.79 | 21.78% | |
| BDN | Brandywine Realty Trust | 3.11 | 0.01 | 0.29% | |
| JBGS | Jbg Smith Properties | 12.17 | -5.04 | -29.30% | |
| OGCP | Empire State Realty Op Lp Series 60 | 5.14 | -1.68 | -24.65% |
Easterly Government Properties Corporate Events
Easterly Government Properties Updates Equity Offering Program
PositiveOn August 4, 2026, Easterly Government Properties filed a new prospectus supplement with the SEC for its existing at-the-market equity offering program, allowing continued sales of common stock and the addition of both contingent and non-contingent f...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 27, 2026