Welcome to our dedicated page for Easterly Govt Pptys news (Ticker: DEA), a resource for investors and traders seeking the latest updates and insights on Easterly Govt Pptys stock.
Easterly Government Properties, Inc. (NYSE: DEA) is a Washington, D.C.-based real estate investment trust that focuses primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government and its adjacent partners. The DEA news page on Stock Titan aggregates company announcements, earnings releases, transaction updates, and other disclosures that reflect how this government‑oriented REIT manages its portfolio and capital structure.
Investors following DEA news can review quarterly and annual financial results, including updates on Funds From Operations (FFO), Core Funds From Operations (Core FFO), Cash Available for Distribution (CAD), and other non‑GAAP metrics that Easterly uses to describe operating performance and dividend‑funding capacity. Earnings releases also detail portfolio statistics, such as the number of operating properties, leased square footage, tenant mix across federal, state, local government and private tenants, and weighted average lease terms.
Company news frequently covers acquisitions of new properties leased primarily to U.S. Government tenant agencies, state or local government entities, and select private tenants, as well as land purchases and long‑term leases for build‑to‑suit developments like federal courthouses and crime laboratories. Filings and press releases also describe capital markets activity, including amendments to senior unsecured term loans, changes to revolving credit facilities, and the use of at‑the‑market equity programs.
DEA news items may include credit rating actions, such as affirmations of investment grade ratings with supporting commentary on tenant credit quality and lease duration, as well as announcements of quarterly dividends and participation in real estate and REIT investor conferences. For investors and analysts tracking government‑leased real estate, this news feed provides a centralized view of Easterly’s operating performance, portfolio evolution, and financing decisions over time.
Easterly Government Properties (NYSE: DEA) reported its Q1 2025 results, highlighting key financial and operational achievements. The company posted a net income of $3.3 million ($0.07 per share) and Core FFO of $33.1 million ($0.73 per share).
Notable developments include:
- Secured $125 million in senior unsecured notes
- Awarded new Federal Courthouse project with 20-year lease
- Completed a 1-for-2.5 reverse stock split
- Reduced quarterly dividend by 32% to $0.45 per share
- Portfolio includes 100 operating properties with 9.7 million leased square feet
The company raised its 2025 guidance with Core FFO expected between $2.98-$3.03 per share. The portfolio maintains a 9.8-year weighted average remaining lease term, with properties primarily leased to U.S. Government agencies. Total indebtedness stands at $1.6 billion with a weighted average interest rate of 4.6%.
Easterly Government Properties has secured a significant 20-year non-cancelable lease for a new Federal Courthouse in Medford, Oregon. The 40,035 square foot facility will be a state-of-the-art, two-story courthouse designed to meet LEED Silver certification standards.
The courthouse will house:
- District and Federal Magistrate courtrooms
- U.S. Senators' offices
- U.S. Marshal Service
- Probation Office
- U.S. Attorneys Office
Construction is scheduled to begin in first half 2026, with completion expected in second half 2027. The General Services Administration will manage the lease for the United States Judiciary. This development aligns with Easterly's strategy, with CEO Darrell Crate noting that 95% of their portfolio is in firm-term leases, demonstrating their focus on government efficiency through leasing Class A, mission-critical real estate.
Easterly Government Properties has acquired a 289,873 square foot LEED Silver and Energy Star rated facility in Northeast Washington, DC. The property is 98% leased, with the District of Columbia Government (AA+ rated) as the primary tenant occupying 84% of the space through 2038.
The facility, developed in 2006, houses key District services including DC Public Schools headquarters and the Department of Energy & Environment. The tenant mix includes:
- DC Government: 237,118 SF (84%) with 12.9 years remaining lease
- U.S. Federal Government: 26,327 SF (9%) with 4.7 years remaining
- Private Tenants: 20,299 SF (7%) with 5.1 years remaining
This acquisition brings Easterly's portfolio to 101 properties totaling 10.1 million square feet. The deal aligns with their strategy to expand holdings with high-credit state and local government agencies, particularly as education resources shift from federal to state level.
Easterly Government Properties (NYSE: DEA) has completed its previously announced 1-for-2.5 reverse stock split, effective April 28, 2025. The company's outstanding common shares were reduced from approximately 112.3 million to 44.9 million shares. The stock will continue trading on NYSE under the symbol 'DEA' but with a new CUSIP number (27616P 301).
The quarterly dividend has been adjusted proportionally from $0.18 to $0.45 per share for stockholders of record as of May 5, 2025. Additionally, a corresponding 1-for-2.5 reverse split was implemented for Easterly Government Properties LP's partnership units, reducing them from 4.9 million to 2.0 million units. Fractional shares will be paid in cash based on the trailing average closing price over three trading days prior to the split.
Easterly Government Properties (NYSE: DEA) has scheduled its first quarter 2025 financial results release and conference call for April 29, 2025. The earnings call will take place at 11:00am Eastern time, featuring a management review of Q1 performance and a Q&A session.
Interested participants can register to receive dial-in information and a unique PIN for the call. Additionally, a live audio webcast will be available on the company's Investor Relations website, with a replay accessible for up to twelve months after the event.
Easterly Government Properties (NYSE: DEA) has announced significant changes to enhance its long-term growth strategy. The company is reducing its quarterly dividend by $0.085 (32.0%) from the previous $0.265 per share, aligning with net lease REIT best practices. The new dividend structure targets a Core FFO payout ratio of 55-65% and a CAD payout ratio of 65-75%.
Additionally, DEA's Board approved a 1-for-2.5 reverse stock split effective April 28, 2025. Following the split, the new quarterly dividend of $0.18 will adjust to $0.45 ($1.80 annually). The next dividend payment is scheduled for May 17, 2025, for shareholders of record on May 5, 2025.
The company reaffirmed its 2025 earnings guidance, with an update expected around April 29, 2025, following Q1 2025 earnings.
Easterly Government Properties (NYSE: DEA) has announced a significant debt financing arrangement through a master notes purchase agreement. The company will issue $125 million in senior unsecured notes through its operating partnership on March 20, 2025.
The notes will be issued in two series:
- $25 million Series A Senior Notes at 6.13% interest, maturing March 20, 2030
- $100 million Series B Senior Notes at 6.33% interest, maturing March 20, 2032
The company, which focuses on Class A commercial properties leased to U.S. Government agencies, views this issuance as a demonstration of its market resilience and ability to attract investors during volatile market conditions.
Easterly Government Properties (NYSE: DEA), a REIT specializing in Class A commercial properties leased to the U.S. Government, has announced its participation in the Citi 2025 Global Property CEO Conference. The presentation is scheduled for Monday, March 3, 2025, at 8:10 AM Eastern Time in Hollywood, Florida.
Investors can access a live audio-webcast of the presentation in listen-only mode through the Presentation section of Easterly's Investor Relations website at ir.easterlyreit.com. The webcast replay will remain available until September 30, 2025. Additionally, electronic copies of materials intended for investors will be accessible on the company's Investor Relations website before the conference begins.
Easterly Government Properties (NYSE: DEA) reported its Q4 and full-year 2024 results, highlighting a net income of $5.7 million ($0.05 per share) for Q4 and $20.6 million ($0.19 per share) for the full year. Core FFO reached $32.6 million ($0.29 per share) for Q4 and $126.9 million ($1.17 per share) for the full year.
During Q4, DEA acquired three properties: a 104,136 sq ft facility leased to Northrop Grumman in Aurora, Colorado; a 100,000 sq ft Level 4 secure facility occupied by the IRS in Ogden, Utah; and a 295,253 sq ft campus primarily leased to Wake County Public School System in Cary, North Carolina.
For the full year, DEA completed 10 property acquisitions for approximately $230 million, expanded its investment strategy to include mission-critical facilities leased to private sector government contractors, and maintained a quarterly cash dividend of $0.265 per share. The company also executed a new $400 million revolving credit facility with an accordion feature allowing for up to $300 million in additional commitments.
Looking ahead, DEA raised the lower end of its 2025 Core FFO guidance to $1.18-$1.21 per share, assuming $100 million in wholly owned acquisitions and $25-$75 million in development-related investments.
Easterly Government Properties (NYSE: DEA), a real estate investment trust specializing in Class A commercial properties leased to U.S. Government agencies, has announced a quarterly cash dividend.
The Board of Directors approved a dividend of $0.265 per common share, payable on March 17, 2025 to shareholders of record as of March 5, 2025.