Here are the 10-K annual reports from Easterly Government Properties, Inc. (DEA) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow DEA and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full DEA filings page.
Easterly Government Properties, Inc. files its annual report describing a REIT focused on Class A properties leased primarily to U.S. Government agencies. As of December 31, 2025, it wholly owned 93 operating properties and held interests in 10 more through a joint venture, totaling about 10.4 million leased square feet, with 97% leased and roughly 90% of revenue from government tenants.
The company highlights long weighted average lease terms of about 9.5 years, a concentrated tenant base led by the VA, FBI and DEA, and a sizable debt load of approximately $1.7 billion. In 2025 it raised $63.0 million via 2,466,987 ATM shares and retained capacity to issue a further $236.2 million. It emphasizes development expertise, a growth-oriented capital structure, and detailed risk factors around dependence on the U.S. Government, interest rates, natural disasters and climate change, and access to capital.
The filing also notes U.S. tax law changes under the One Big Beautiful Bill Act, including a higher 25% cap on taxable REIT subsidiary assets from 2026 and a permanent 20% qualified REIT dividend deduction for individuals, reinforcing management’s expectation to continue qualifying as a REIT.