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 reported mixed fourth quarter and full-year 2025 results. For Q4 2025, revenue was $87.0 million, up from $78.3 million a year earlier, while net income declined to $4.8 million, or $0.10 per fully diluted share, from $5.7 million. Core FFO grew to $36.8 million, or $0.77 per fully diluted share, compared with $32.6 million, or $0.73.
For the full year 2025, revenue increased to $336.1 million from $302.1 million, but net income fell to $13.6 million from $20.6 million. Full-year Core FFO rose to $140.1 million, or $2.99 per fully diluted share, while Cash Available for Distribution improved to $118.8 million from $100.9 million. Net debt stood at $1.65 billion, equal to 7.5x annualized quarterly EBITDA, supported by a largely fixed-rate, long-maturity debt structure and a predominantly U.S. government–leased portfolio with a weighted average remaining lease term of 9.5 years.
Easterly Government Properties, Inc. reported that President and CEO Darrell W. Crate acquired 245 LTIP Units as a grant of long-term incentive compensation at a price of $0.00 per unit. Following this award, he holds 13,345 LTIP Units.
These LTIP Units were earned after the compensation committee determined performance vesting hurdles tied to the company’s results from January 3, 2023 through December 31, 2025 had been achieved. Once vested and subject to tax allocation conditions and issuer consent rules, each LTIP Unit can be converted into a Common Unit and then redeemed for either cash equal to the fair market value of one share of common stock or one share of common stock itself.
Easterly Government Properties EVP, GC & Secretary Logan Franklin V. reported an acquisition of 19 LTIP Units in Easterly Government Properties LP on February 18, 2026. These LTIP Units were granted at a price of $0.0000 per unit as long-term incentive compensation under the 2015 Equity Incentive Plan.
The award was earned after the compensation committee determined that performance hurdles based on the company’s results from January 3, 2023 through December 31, 2025 were achieved. Following this grant, Franklin holds 1,139 LTIP Units in total. Vested LTIP Units may later be converted into operating partnership common units and then redeemed for cash equal to the fair market value of a common share, or, at the issuer’s election, exchanged for one share of common stock instead.
Easterly Government Properties granted Executive Vice President and CFO Allison E. Marino 40 LTIP Units of Easterly Government Properties LP as long-term incentive compensation, bringing her total LTIP Units to 2,111.
The award was earned after the compensation committee determined that performance hurdles tied to company results from January 3, 2023 through December 31, 2025 had been achieved. Once vested and subject to certain tax allocation conditions, each LTIP Unit can be converted into a common partnership unit, which may then be redeemed for cash equal to the value of one common share or, at the company’s election, one share of common stock. LTIP Units are generally not convertible without company consent until two years from the grant date, and the rights to convert and redeem do not have expiration dates.
Easterly Government Properties EVP Michael P. Ibe received a grant of 245 LTIP Units in Easterly Government Properties LP as long-term incentive compensation under the 2015 Equity Incentive Plan. These units were earned after performance hurdles for the period from January 3, 2023 through December 31, 2025 were achieved, bringing his total LTIP Units to 13,345.
Vested LTIP Units may be converted into common partnership units, which can then be redeemed for cash equal to the fair market value of a share of common stock, or, at the issuer’s election, for one share of common stock per unit. Conversion generally is not permitted without issuer consent until two years after grant, and the conversion and redemption rights do not have expiration dates.
Easterly Government Properties, Inc. executive Allison E. Marino, EVP and CFO, received a grant of 2,071 LTIP Units on January 20, 2026 as long-term incentive compensation. These LTIP Units were awarded under the company’s 2015 Equity Incentive Plan after the compensation committee determined that specific performance hurdles for the 2023–2025 period had been achieved.
Once vested and subject to tax allocation conditions, each LTIP Unit may be converted into a common partnership unit in Easterly Government Properties LP, which can then be redeemed for either cash equal to the value of one share of common stock or, at the issuer’s election, one share of common stock. The LTIP Units generally are not convertible without the issuer’s consent until two years from the grant date, and the conversion and redemption rights do not have expiration dates.
Easterly Government Properties, Inc. reported a new equity incentive grant to its President and CEO, Darrell W. Crate. On January 20, 2026, he was awarded 13,100 LTIP Units of Easterly Government Properties LP as long-term incentive compensation under the company’s 2015 Equity Incentive Plan.
The LTIP Units are tied to performance hurdles based on the company’s results from January 3, 2023 through December 31, 2025, and were earned after the compensation committee determined those hurdles had been achieved. Following this grant, Crate beneficially owns 13,100 LTIP Units, held directly.
Each vested LTIP Unit can be converted, at the holder’s election and subject to tax allocation conditions and issuer consent rules, into a common partnership unit, which may then be redeemed for cash equal to the fair market value of a share of Easterly’s common stock, or, at the issuer’s election, settled in one share of common stock. The rights to convert and redeem do not have expiration dates.
Easterly Government Properties, Inc. reported that its EVP, General Counsel and Secretary, Franklin V. Logan, received an award of 1,120 LTIP Units on January 20, 2026 as long‑term incentive compensation. The LTIP Units were granted under the company’s 2015 Equity Incentive Plan and were tied to performance hurdles based on the company’s results from January 3, 2023 through December 31, 2025, with a portion earned after the compensation committee determined those hurdles had been achieved.
Each vested LTIP Unit can be converted into a common unit of limited partnership interest in Easterly Government Properties LP and then redeemed, at the holder’s election, for cash equal to the fair market value of one share of common stock, while the company may choose instead to deliver one share of common stock per unit. LTIP Units generally are not convertible without the company’s consent until two years from grant, and the rights to convert and redeem do not have expiration dates.
Easterly Government Properties, Inc. executive Michael P. Ibe, who serves as EVP - Development & Acquisitions and a director, received an award of 13,100 LTIP Units on January 20, 2026. These LTIP Units in Easterly Government Properties LP were granted as long-term incentive compensation under the 2015 Equity Incentive Plan and were tied to performance hurdles based on the company’s results from January 3, 2023 through December 31, 2025. A portion of the LTIP Unit award was earned after the compensation committee determined that the performance vesting hurdles had been achieved. Each vested LTIP Unit may be converted into a Common Unit of the operating partnership and then redeemed for cash equal to the fair market value of a share of Easterly’s common stock, or, at the company’s election, one share of common stock.
Easterly Government Properties, Inc. reported an equity award to senior vice president and chief accounting officer Brian M. Colantuoni. On January 5, 2026, he received 9,737 LTIP Units in Easterly Government Properties LP, granted under the company’s 2024 Equity Incentive Plan at a price of $0 per unit. These LTIP Units, and the common partnership units they can convert into, are scheduled to vest on December 31, 2028, subject to his continued employment.
Each vested LTIP Unit can be converted into a common partnership unit, which may then be redeemed for cash equal to the fair market value of one share of Easterly’s common stock, or, at the company’s election, for one share of common stock. The rights to convert vested LTIP Units and redeem the resulting common units do not have expiration dates.