Welcome to our dedicated page for Easterly Government Properties SEC filings (Ticker: DEA), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Easterly Government Properties, Inc. filings document the REIT's operating results, governance votes, compensation plans, debt arrangements and common-stock capital structure. Its 8-K reports furnish quarterly earnings releases and supplemental packages for a portfolio of Class A commercial properties leased primarily to U.S. Government agencies and adjacent partners.
Proxy and material-event filings cover annual meeting voting, amendments to the 2024 Equity Incentive Plan, LTIP Unit awards in Easterly Government Properties LP, and credit-agreement amendments involving senior unsecured term debt. The record also documents share-count changes from the completed reverse stock split and related authorized-share reduction.
Easterly Government Properties, Inc. updated its existing 2021 at-the-market equity offering program, which allows issuance of common stock with an aggregate offering price of up to $300,000,000, by filing a new prospectus supplement that supersedes the February 28, 2024 version and adds the ability to use contingent forward transactions.
As of the supplement date, shares having an aggregate offering price of $85,017,692 had been sold under the program, leaving up to $214,982,308 of additional capacity. The company entered amended and restated equity distribution agreements with multiple Sales Agents and may execute contingent or non-contingent forward sale transactions with several Forward Purchasers. Commissions to Sales Agents and Forward Sellers are each limited to 2.0% of the relevant sales or forward pricing, and the company may receive contingency premiums on contingent forward transactions while receiving no initial proceeds from sales of borrowed shares used to hedge forward positions.
Easterly Government Properties, Inc. is conducting an at-the-market equity program to offer and sell up to $300,000,000 of common stock through multiple sales agents and related forward sale structures. As of this supplement, common stock with an aggregate offering price of $214,982,308 remains available for issuance or forward transactions under amended equity distribution agreements.
Sales may be made on the NYSE, other trading markets or via privately negotiated and block trades, including through forward sale transactions that can be structured as contingent or non-contingent. Commissions to sales agents and forward sellers are capped at 2.0% of the relevant sale or forward price. The company intends to contribute net cash proceeds, including any physical forward settlements and contingency premiums, to its operating partnership for general corporate purposes such as property acquisitions and development, debt repayment, capital expenditures and working capital.
The company is an internally managed REIT focused on U.S. government–leased properties, with 96 wholly owned operating properties and 10 in a joint venture totaling about 10.7 million leased square feet as of June 30, 2026, 98% leased. Its charter limits any holder to 7.1% ownership of its stock by value or share count to support REIT qualification.
Easterly Government Properties focuses on Class A properties leased mainly to U.S. Government agencies. As of June 30, 2026, it wholly owned 96 operating properties and held interests in 10 more through a joint venture, totaling about 10.7 million leased square feet, with operating properties 98% leased. Approximately 86.3% of annualized lease income comes from U.S. Government tenants, 8.4% from state and local governments, and 5.3% from private tenants.
For the quarter ended June 30, 2026, total revenues were $92,417 thousand versus $84,234 thousand a year earlier. Net income was $3,158 thousand, with diluted EPS of $0.06, compared with $4,254 thousand and $0.09 in the prior-year quarter. Net cash provided by operating activities for the first six months of 2026 was $71,916 thousand, up from $62,298 thousand in the first half of 2025.
Total assets were $3,416,399 thousand and total debt principal was $1,707,185 thousand as of June 30, 2026. During the first half of 2026, the company acquired a three-building campus in Glen Allen, Virginia for $44,623 thousand, which contributed $3,300 thousand of revenue and $800 thousand of net income. It also established a new $200,000 thousand 2026 term loan facility and issued 891,113 shares under its ATM program for net proceeds of $20,971 thousand. Dividends declared were $0.45 per share in the quarter and $0.90 year-to-date, compared with $1.11 for the first half of 2025.
Easterly Government Properties reported second-quarter 2026 net income of $3.2 million, or $0.07 per share on a fully diluted basis. Core Funds From Operations (Core FFO) were $37.4 million, or $0.78 per share. Total revenues for the quarter were $92.4 million.
As of June 30, 2026, the company and its joint venture owned 106 operating properties totaling about 10.7 million leased square feet, with the operating portfolio 98% leased, plus three development projects expected to add roughly 0.2 million square feet. Total indebtedness was approximately $1.7 billion, with a weighted average interest rate of 4.6%, Net Debt to total enterprise value of 58.4%, and Adjusted Net Debt to annualized quarterly EBITDA of 7.1x. During the quarter Easterly closed a new $200 million senior unsecured term loan maturing in 2031 and raised about $18.8 million of equity through its ATM program. The board declared a $0.45 per-share quarterly dividend. Management raised full-year 2026 Core FFO guidance to $3.07–$3.13 per share, assuming roughly $50 million of acquisitions and $50–$100 million of development investment.
Easterly Government Properties, Inc. entered into a new senior unsecured term loan agreement providing a $200 million term loan with an accordion feature allowing increases up to $250 million. The facility will mature in June 2031 and bears interest at SOFR plus a margin ranging from 1.20% to 1.70% based on the company’s leverage ratio, with an initial spread of 1.30%.
The company plans to use net proceeds to repay borrowings under its unsecured $400 million revolving credit facility and for general corporate purposes, which reshapes its debt mix while maintaining liquidity. Easterly also executed an eleventh amendment to its 2016 term loan agreement to remove the credit spread adjustment on SOFR-based borrowings, aligning terms with the new facility.
Easterly Government Properties, Inc. reported that SVP and Chief Accounting Officer Brian M. Colantuoni received a grant of 2,786 LTIP Units in Easterly Government Properties LP under the company’s 2024 Equity Incentive Plan. These units are a form of long-term, performance-based equity compensation.
The LTIP Units, and any Common Units they convert into, will vest on the fifth anniversary of the grant date, if he remains with the company and only to the extent specified performance hurdles are achieved before the eighth anniversary. Once earned and vested, each LTIP Unit may be converted into a Common Unit, which can then be redeemed for cash equal to the fair market value of one share of common stock, or, at the company’s election, one share of common stock. The conversion and redemption rights do not expire.
Easterly Government Properties director William H. Binnie received a grant of 5,983 LTIP Units. These LTIP Units in Easterly Government Properties LP were granted under the company’s 2024 Equity Incentive Plan. They are tied to an equal number of underlying shares of common stock.
The LTIP Units and related common units will vest on the earlier of the first anniversary of the grant date or the next annual stockholder meeting, if he continues serving as a director through that date. Once vested and subject to tax allocations, each LTIP Unit can be converted into a common unit, which may then be redeemed for cash equal to the fair market value of one common share or, at the company’s election, exchanged for one share of common stock. These conversion and redemption rights do not have expiration dates.
Freeman Scott D. reported acquisition or exercise transactions in this Form 4 filing.
Easterly Government Properties director Scott D. Freeman received a grant of 5,265 shares of common stock at no cost under the company’s 2024 Equity Incentive Plan. These shares will vest on the earlier of the first anniversary of the grant date or the next annual stockholder meeting, if he continues serving as a director. After this award, he directly holds 24,110 common shares.
HENRY EMIL W JR reported acquisition or exercise transactions in this Form 4 filing.
Easterly Government Properties director Emil W. Henry Jr. received a grant of 5,265 shares of Common Stock as equity compensation. The shares were awarded at no cash cost to him and increase his direct holdings to 34,020 shares.
The grant was made under Easterly’s 2024 Equity Incentive Plan and will vest upon the earlier of the first anniversary of the grant date or the next annual stockholder meeting, provided he continues serving as a director through that date. This filing reflects a routine stock award rather than an open-market purchase.
Fisher Cynthia A reported acquisition or exercise transactions in this Form 4 filing.
Easterly Government Properties director Cynthia A. Fisher reported a compensation-related equity award and updated indirect holdings. She received 5,265 shares of common stock granted under the company’s 2024 Equity Incentive Plan at $0.00 per share, reflecting a stock grant rather than an open-market purchase.
These shares will vest upon the earlier of the first anniversary of the grant date or the next annual stockholder meeting, as long as she continues serving as a director. After this grant, she holds 52,401 common shares directly, plus additional indirect interests through family and retirement-related accounts where she disclaims beneficial ownership except for her pecuniary interest.