Easterly Government Properties Inc (DEA)

Over the past six months, Easterly Government Properties, Inc. (DEA) experienced a stock price decline of 6.76% between December 31, 2024, and December 31, 2025. On October 27, 2025, Easterly reported its Third Quarter 2025 results, with net income of $1.2 million, or $0.03 per share, and Core FFO of $35.6 million, or $0.76 per share. During this quarter, the company also acquired land for a new laboratory in Fort Myers, Florida, and a facility in Greenwood Village, Colorado, leased to York Space Systems. A dividend cut from $0.66 to $0.45 per share, along with higher interest rates and political headline risk, contributed to a roughly 27% fall in shares from September 2024 levels by December 2025. Several firms decreased their stakes in DEA during late 2025, and Truist Financial cut its price target for Easterly Government Properties to $24.00 on November 25, 2025.

Demand for Easterly Government Properties' products and services does not exhibit typical commercial real estate seasonality. The nature of its government tenants and their essential functions means that demand is largely independent of economic cycles or seasonal fluctuations. The company's portfolio remains highly occupied with long-term government leases, providing stable cash flows.

Easterly Government Properties, Inc. (DEA) is an internally managed REIT focused on acquiring, developing, and managing Class A commercial properties leased to U.S. government agencies for essential functions. The company operates in the Real Estate sector, specifically Office REITs, and its portfolio includes facilities for agencies like the FBI, DEA, IRS, and FEMA. All of its revenue is generated from leasing these properties.

Easterly Government Properties, Inc. is based in Washington, D.C., and owns 100 properties totaling 9.8 million square feet across the United States. While headquartered in D.C., none of its properties are located there. Its geographic reach includes facilities in Tennessee, California, and other states.

Easterly Government Properties maintains a reputation for stability due to its focus on leasing Class A commercial properties to U.S. government agencies. The company's reputation has been influenced by its financial performance and strategic decisions, including a dividend cut aimed at deleveraging. Analysts have offered mixed views, with some downgrades and upgrades, indicating ongoing debate about future growth prospects amidst stable federal leases and rising capital costs. The company's commitment to essential government facilities and its efforts to reduce cash leverage are positive aspects of its current reputation.

Easterly Government Properties, Inc. has a diverse ownership structure, with approximately 69.32% of the stock held by institutional shareholders and 35.70% by insiders. Major institutional owners include BlackRock, Inc., Vanguard Group Inc, and iShares Core S&P Small-Cap ETF (IJR). Among individual and insider owners, USGP II Investor LP is the largest, holding 9.60 million shares, representing 20.82% of the company, and Michael P. Ibe is also a significant insider owner.