Easterly Government Properties, Inc. (DEA) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 15, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 3, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the DEA SEC filings page.
Easterly Government Properties, Inc. (DEA) reported $357.2M in revenue over the twelve months to Jun 30, 2026, up 13.0% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
The asset-heavy model is increasingly debt-funded: revenue expanded, but rising interest expense compressed earnings while cash generation improved.
Between FY2023 and FY2025, total liabilities climbed from$1.5B to$2.0B . Over the same span, debt-to-equity moved from 1.0x to 1.3x, showing that asset growth was funded with progressively more creditor capital.
In FY2025, operating cash flow of
Gross margin held near
Financial Health Signals
Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Easterly Government Properties, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
FFO Margin measures funds from operations against revenue, and funds from operations is net income with property depreciation added back, since a building written down a little further every year on paper is often worth more rather than less. Easterly Government Properties, Inc. scores 62/100 on it among other REITs.
FFO Growth follows the three-year path of funds from operations, which is net income with property depreciation added back. Easterly Government Properties, Inc. scores 56/100 on it among other REITs.
Not available for Easterly Government Properties, Inc., and counted as zero in the overall score.
Not available for Easterly Government Properties, Inc., and counted as zero in the overall score.
AFFO Margin takes funds from operations, subtracts the spending a REIT needs just to keep its properties in working order, and measures what is left against revenue. Easterly Government Properties, Inc. scores 65/100 on it among other REITs.
Dividend coverage measures funds from operations against the dividends actually paid, and a figure above 1 means the payout came out of operations. Easterly Government Properties, Inc. scores 46/100 on it among other REITs.
Easterly Government Properties, Inc. passes 7 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Easterly Government Properties, Inc. generates $19.93 in operating cash flow ($259.2M OCF vs $13.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Easterly Government Properties, Inc. generated $92.4M in revenue in Q2 2026. This represents an increase of 9.7% from the same quarter a year earlier. Against the prior quarter it is up 1.0%.
Easterly Government Properties, Inc. reported $3.0M in net income in Q2 2026. This represents a decrease of 25.1% from the same quarter a year earlier. Against the prior quarter it is up 123.4%.
Easterly Government Properties, Inc. earned $0.06 per diluted share (EPS) in Q2 2026. This represents a decrease of 33.3% from the same quarter a year earlier. Against the prior quarter it is up 200.0%.
Not reported for Q2 2026.
Cash & Balance Sheet
Easterly Government Properties, Inc. held $3.3M in cash against $1.7B in long-term debt as of Q2 2026.
Easterly Government Properties, Inc. paid $0.45 per share in dividends in Q2 2026. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.
Not reported for Q2 2026.
Margins & Returns
Easterly Government Properties, Inc.'s gross margin was 78.3% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 1.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.8 percentage points.
Easterly Government Properties, Inc.'s net profit margin was 3.3% in Q2 2026, showing the share of revenue converted to profit. This is down 1.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.8 percentage points.
Easterly Government Properties, Inc.'s ROE was 0.2% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.1 percentage points.
Not reported for Q2 2026.
Capital Allocation
None of these metrics is reported for Q2 2026.
DEA Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $92.4M+9.7% | $91.5M+16.4% | $87.0M+11.2% | $86.2M+15.2% | $84.2M+10.5% | $78.7M+8.1% | $78.3M+7.8% | $74.8M+3.8% |
| Cost of Revenue | $20.0M+4.1% | $20.5M+15.4% | $19.8M+5.6% | $20.7M+24.0% | $19.2M+6.0% | $17.8M+7.3% | $18.7M+5.8% | $16.7M-10.9% |
| Gross Profit | $72.4M+11.4% | $71.0M+16.6% | $67.3M+13.0% | $65.4M+12.7% | $65.0M+11.9% | $60.9M+8.3% | $59.5M+8.4% | $58.1M+9.0% |
| Interest Expense | $20.4M+7.7% | $20.2M+9.7% | $18.1M+5.0% | $19.0M+17.4% | $19.0M+25.0% | $18.4M+32.8% | $17.2M+28.2% | $16.2M+34.6% |
| Net Income | $3.0M-25.1% | $1.4M-56.3% | $4.6M-15.8% | $1.2M-75.1% | $4.1M-11.7% | $3.1M-32.4% | $5.5M+22.9% | $4.9M-9.5% |
| EPS (Basic) | $0.06-33.3% | $0.02-71.4% | $0.09+80.0% | $0.02-81.8% | $0.09-18.2% | $0.07-36.4% | $0.05+25.0% | $0.11+83.3% |
| EPS (Diluted) | $0.06-33.3% | $0.02 | $0.09 | $0.02 | $0.09 | $0.07 | $0.05+25.0% | $0.11 |
| Diluted Shares (Avg) | 47M+3.5% | 46M | N/A | 45M | 45M | 43M | N/A | 42M |
Not reported in any period shown, so not listed: R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Income Tax.
DEA Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.4B+1.7% | $3.4B+6.1% | $3.4B+4.9% | $3.4B+9.0% | $3.4B+12.1% | $3.2B+9.6% | $3.2B+11.9% | $3.1B+9.8% |
| Cash & Equivalents | $3.3M-29.7% | $2.0M-76.2% | $23.4M+20.8% | $4.4M-86.0% | $4.7M-68.3% | $8.5M-80.6% | $19.4M+106.3% | $31.2M+50.8% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $70.6M-6.5% | $73.0M+3.6% | $51.5M-27.6% | $65.8M-6.4% | $75.5M+5.9% | $70.5M-3.5% | $71.2M+7.4% | $70.3M+15.0% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $2.1B+4.2% | $2.1B+13.1% | $2.0B+9.5% | $2.0B+16.0% | $2.0B+21.5% | $1.8B+17.4% | $1.8B+24.9% | $1.7B+23.8% |
| Long-Term Debt | $1.7B-0.9% | $1.7B+6.9% | $1.7B+4.2% | $1.6B+11.1% | $1.7B+23.0% | $1.6B+17.8% | $1.6B+23.5% | $1.5B+21.2% |
| Total Equity | $1.3B-1.4% | $1.3B-1.9% | $1.3B+0.2% | $1.3B+1.4% | $1.3B+2.3% | $1.3B+1.1% | $1.3B-0.1% | $1.3B+3.5% |
| Retained Earnings | $149.3M+7.3% | $146.2M+8.3% | $144.9M+9.9% | $140.3M+11.0% | $139.1M+14.4% | $135.0M+15.4% | $131.9M+17.4% | $126.4M+17.2% |
Not reported in any period shown, so not listed: Current Assets, Inventory, Goodwill, Current Liabilities, Non-Current Liabilities.
DEA Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $44.6M+17.0% | $27.3M+13.0% | $41.9M+70.8% | $155.0M+171.0% | $38.1M-33.2% | $24.2M+1.2% | $24.6M+40.0% | $57.2M+50.9% |
| Depreciation & Amortization | $32.2M+12.7% | $33.2M+24.0% | $29.6M+20.2% | $28.9M+21.6% | $28.5M+18.5% | $26.8M+12.6% | $24.7M+5.6% | $23.8M+7.0% |
| Stock-Based Compensation | $2.1M+50.8% | $2.1M+47.6% | N/A | $1.6M+1007.2% | $1.4M+20.3% | $1.4M+15.6% | N/A | -$180K-110.9% |
| Investing Cash Flow | -$35.6M+75.7% | -$73.4M-62.3% | -$27.7M+82.5% | -$65.6M+47.5% | -$146.7M-44.7% | -$45.2M-81.7% | -$158.4M-102.2% | -$125.0M-351.3% |
| Financing Cash Flow | -$8.0M-107.6% | $25.1M+134.2% | $5.2M-95.7% | -$89.2M-211.8% | $105.1M+578.3% | $10.7M-69.5% | $122.4M+148.3% | $79.8M+5355.3% |
| Dividends Paid | $21.9M+2.6% | $21.8M-27.9% | $21.7M-26.5% | $21.3M-26.1% | $21.3M-26.1% | $30.2M+5.4% | $29.5M+3.2% | $28.9M+2.5% |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Share Buybacks.
DEA Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 78.3%+1.2pp | 77.6%+0.2pp | 77.3%+1.2pp | 76.0%-1.7pp | 77.2%+1.0pp | 77.4%+0.2pp | 76.1%+0.4pp | 77.6%+3.7pp |
| Net Margin | 3.3%-1.5pp | 1.5%-2.5pp | 5.3%-1.7pp | 1.4%-5.1pp | 4.8%-1.2pp | 4.0%-2.4pp | 7.0%+0.9pp | 6.5%-1.0pp |
| Return on Equity | 0.2%-0.1pp | 0.1%-0.1pp | 0.4%-0.1pp | 0.1%-0.3pp | 0.3%0.0pp | 0.2%-0.1pp | 0.4%+0.1pp | 0.4%0.0pp |
| Return on Assets | 0.1%0.0pp | 0.0%-0.1pp | 0.1%0.0pp | 0.0%-0.1pp | 0.1%0.0pp | 0.1%-0.1pp | 0.2%0.0pp | 0.2%0.0pp |
| Debt-to-Equity | 1.300.0x | 1.31+0.1x | 1.260.0x | 1.23+0.1x | 1.29+0.2x | 1.20+0.2x | 1.21+0.2x | 1.12+0.2x |
| Asset Turnover | 0.030.0x | 0.030.0x | 0.030.0x | 0.030.0x | 0.030.0x | 0.020.0x | 0.020.0x | 0.020.0x |
Not reported in any period shown, so not listed: Operating Margin, Current Ratio, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Easterly Government Properties, Inc. DEA | FY2025 | $336.1M | $13.0M | 3.9% | $1.1B | 38/100 |
| Piedmont Realty Trust, Inc. PDM | FY2025 | $565.0M | -$83.6M | -14.8% | $1.1B | 32/100 |
| JBG SMITH Properties JBGS | FY2025 | $498.6M | -$139.1M | -27.9% | $641.4M | 31/100 |
| PARAMOUNT GROUP, INC. PGRE | FY2024 | $757.5M | -$46.3M | -6.1% | $1.5B | 35/100 |
| Brandywine Realty Trust BDN | FY2025 | $484.5M | -$178.2M | -36.8% | $435.7M | 8/100 |
| Postal Realty Trust, Inc PSTL | FY2025 | $95.8M | $14.1M | 14.8% | $666.4M | 58/100 |
Where Easterly Government Properties, Inc. Ranks
Frequently Asked Questions
What is Easterly Government Properties, Inc.'s annual revenue?
Easterly Government Properties, Inc. (DEA) reported $336.1M in total revenue for fiscal year 2025. This represents a 11.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Easterly Government Properties, Inc.'s revenue growing?
Easterly Government Properties, Inc. (DEA) revenue grew by 11.3% year-over-year, from $302.1M to $336.1M in fiscal year 2025.
Is Easterly Government Properties, Inc. profitable?
Yes, Easterly Government Properties, Inc. (DEA) reported a net income of $13.0M in fiscal year 2025, with a net profit margin of 3.9%.
How much debt does Easterly Government Properties, Inc. have?
As of fiscal year 2025, Easterly Government Properties, Inc. (DEA) had $23.4M in cash and equivalents against $1.7B in long-term debt.
What is Easterly Government Properties, Inc.'s gross margin?
Easterly Government Properties, Inc. (DEA) had a gross margin of 76.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Easterly Government Properties, Inc.'s net profit margin?
Easterly Government Properties, Inc. (DEA) had a net profit margin of 3.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Easterly Government Properties, Inc. pay dividends?
Yes, Easterly Government Properties, Inc. (DEA) paid $2.01 per share in dividends during fiscal year 2025.
What is Easterly Government Properties, Inc.'s return on equity (ROE)?
Easterly Government Properties, Inc. (DEA) has a return on equity of 1.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Easterly Government Properties, Inc.'s operating cash flow?
Easterly Government Properties, Inc. (DEA) generated $259.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Easterly Government Properties, Inc.'s total assets?
Easterly Government Properties, Inc. (DEA) had $3.4B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Easterly Government Properties, Inc.'s debt-to-equity ratio?
Easterly Government Properties, Inc. (DEA) had a debt-to-equity ratio of 1.26 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Easterly Government Properties, Inc.'s return on assets (ROA)?
Easterly Government Properties, Inc. (DEA) had a return on assets of 0.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Easterly Government Properties, Inc.'s P/E ratio?
Easterly Government Properties, Inc. (DEA) trades at 105x earnings, its market capitalization divided by net income of $10.2M net income, trailing 12 months to June 30, 2026. The market capitalization is $1.1B as of Oct 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Easterly Government Properties, Inc.'s price-to-sales ratio?
Easterly Government Properties, Inc. (DEA) trades at 3.0x sales, its market capitalization divided by revenue of $357.2M revenue, trailing 12 months to June 30, 2026. The market capitalization is $1.1B as of Oct 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Easterly Government Properties, Inc.'s Piotroski F-Score?
Easterly Government Properties, Inc. (DEA) has a Piotroski F-Score of 7 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Easterly Government Properties, Inc.'s earnings high quality?
Easterly Government Properties, Inc. (DEA) has an earnings quality ratio of 19.93x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Easterly Government Properties, Inc.?
Easterly Government Properties, Inc. (DEA) scores 38 out of 100 on our Financial Health Score, indicating weak standing within its REITs peer group. The score is a 0-100 composite of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.