Easterly Government Properties (DEA)
Acquires, develops, and manages mission-critical properties leased to U.S. government agencies.
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Owns and develops office properties leased mainly to U.S. government agencies, with rental income and tenant reimbursements as the core revenue lines. The portfolio is concentrated in the United States and shaped by agency mission needs, lease renewals, federal spending, acquisition execution, and credit markets.
Acquires, develops, and manages Class A commercial properties leased primarily to U.S. government agencies, either directly or through the General Services Administration. The portfolio is concentrated in the United States, with VA, FBI, and DEA facilities forming a major tenant-agency concentration.
Revenue centers on rental income and tenant reimbursements, with asset-management income as a smaller line. Execution depends on understanding agency missions, security requirements, lease needs, and specialized improvements such as controlled access, perimeter protection, and agency-specific buildouts.
The business is shaped by government spending, lease renewals, acquisition and development execution, credit markets, refinancing, interest rates, and debt levels.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 27, 2026 | Truist Financial | Target | Target: $13 | Target: $26 |
| Aug 24, 2026 | RBC Capital | Reiterate | Rating: —Target: $11 | Target: $24 |
| Aug 13, 2026 | Raymond James | Reiterate | Rating: —Target: — | Target: $27 |
| Aug 3, 2026 | BMO Capital | Reiterate | Rating: —Target: — | Target: $27 |
| Oct 15, 2025 | Compass Point | Upgrade | Target: — | Target: $26.45 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $3.3M · Total debt $1.72B · Total assets $3.42B · Shareholders' equity $1.32B
- Revenue
- $92.4M
- Operating income
- $22.0M
- Net income
- $3.1M
HistoryDividendAnnual yield
| Institutions | 79.96% | 37.84M shares | |
|---|---|---|---|
| 260 holders · as of Jun 30, 2026 | |||
| Insiders | 1.12% | 531.7K shares | |
| 7 holders · as of Apr 30, 2026 | |||
| Other | 18.92% | 8.95M shares | |
| remainder | |||
47.32M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 16.94% | 8.01M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 5.90% | 2.79M | as of Jun 30, 2026 |
State Street CorpInstitution | 5.24% | 2.48M | as of Jun 30, 2026 |
Global X Management CO LLCInstitution | 4.94% | 2.34M | filed May 15, 2025 |
Vanguard Capital Management LLCInstitution | 4.12% | 1.95M | as of Jun 30, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
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- Piedmont Realty Trust
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- BXP
Large office developer competing for capital and tenants
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Easterly Government Properties | $23.14 | −0.75% | $1.08B | 112.4 | 80.4 | 3.0 | +11.6% |
| Office Properties Income Trust | $17.68 | +0.40% | $1.31B | — | — | 3.0 | +2.0% |
| COPT Defense Properties | $34.34 | 0.00% | $3.92B | 23.8 | 48.4 | 5.0 | +7.5% |
| JBG SMITH | $11.01 | −0.18% | $653.0M | — | — | 1.3 | +2.3% |
| Postal Realty Trust | $23.98 | +0.21% | $890.6M | 42.9 | 33.3 | 8.4 | +20.0% |
| Piedmont Realty Trust | $9.37 | −0.16% | $1.17B | — | — | 2.1 | +29.7% |
| BXP | $63.52 | −1.29% | $10.23B | 34.5 | 31.4 | 2.9 | +3.1% |
| Median | 34.5 | 33.3 | 2.9 | +5.3% |