The raised guidance and new mezzanine investment suggest confidence in future earnings growth; monitor the company's capital deployment and acquisition pipeline for further upside.
Price Chart
Executive Summary
Easterly Government Properties (DEA) reported Q1 2026 Core FFO per share of $0.77, a 5.5% year-over-year increase, driven by portfolio growth and a new acquisition. The company raised the lower end of its full-year 2026 Core FFO guidance to $3.06, signaling confidence in its capital allocation strategy despite a slight decline in net income.
Key Financial Metrics
Key Facts
- Core FFO per share was $0.77, up 5.5% YoY from $0.73 in Q1 2025
- Full-year 2026 Core FFO guidance raised to $3.06-$3.12 per share
- Acquired a 297,713 sq ft campus leased to the Commonwealth of Virginia for $50M
- Entered a $7.0M mezzanine construction loan agreement at 12.00% interest
- Net income declined to $1.4M from $3.3M in the prior year quarter
Financial Impact
Core FFO growth of $0.04 per share YoY and raised annual guidance
Risk Factors
- Dependence on U.S. government tenants exposes the company to political and budgetary risks
- Rising interest rates could increase financing costs for future debt
- The mezzanine loan carries higher credit risk than the company's core leased properties
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001622194-26-000014 |
| Document: dea-ex99_1.htm | 0001622194-26-000014 |
| Document: dea-20260427.htm | 0001622194-26-000014 |
| Document: 0001622194-26-000014-index-headers.html | 0001622194-26-000014 |
| Document: 0001622194-26-000014-index.html | 0001622194-26-000014 |
| Document: 0001622194-26-000014.txt | 0001622194-26-000014 |
| 8-K Data (Synthetic) | 0001622194-26-000014 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 8-K | — | awaiting T+20 | — | — |
Aug 5, 2026 11w ago | 8-K | $25.04 $24.49 | ▼ −2.20% | ▼ −1.59% | $22.67 (−9.46%) |
Aug 3, 2026 12w ago | 8-K | $25.29 $24.53 | ▼ −3.01% | ▼ −4.24% | $22.67 (−10.36%) |
Apr 27, 2026 26w ago | 8-K | $22.90 $24.07 | ▲ +5.11% | ▲ +0.16% | $22.67 (−1.00%) |
Apr 24, 2026 26w ago | 8-K | $22.90 $24.07 | ▲ +5.11% | ▲ +0.16% | $22.67 (−1.00%) |
US Market Status
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