Easterly Government Properties Q3 Revenue Reaches $93.6 Million: Core FFO of $0.78 Per Share, 2026 Guidance Raised and Initial 2027 Outlook Issued
Easterly Government Properties, Inc. (NYSE: DEA), a real estate investment trust headquartered in Washington, D.C., whose properties are leased primarily to U.S. government agencies, reported third-quarter 2026 results on October 26. Total revenue was $93.6 million, up 8.7% from $86.2 million in the third quarter of 2025. Net income was $5.7 million, or $0.12 per fully diluted share, compared with $1.2 million, or $0.03 per share, a year earlier.
Funds from operations (FFO) were $0.79 per share, and Core FFO was $38.0 million, or $0.78 per fully diluted share, up from $35.6 million, or $0.76 per share, in the prior-year quarter. At September 30, the company and its joint venture owned 106 operating properties totaling about 10.7 million leased square feet, and the operating portfolio was 98% leased; 93 properties are leased primarily to U.S. government agencies, eight primarily to state or local government agencies, and five entirely to private tenants.
The company raised its 2026 Core FFO guidance to $3.08 to $3.13 per fully diluted share and issued an initial 2027 outlook of $3.09 to $3.17 per share. After quarter-end, the company's Florida Department of Law Enforcement laboratory project in Fort Myers, Florida, was completed and is leased to the department under a 25-year lease, while judiciary projects in Flagstaff, Arizona, and Medford, Oregon, remain in development, each expected to carry a 20-year GSA lease. President and Chief Executive Officer Darrell Crate said that despite continued volatility in the broader market, the company's government-focused portfolio continues to provide stability and durability, and that the third-quarter results reflect disciplined execution across the business.
Source: GSM · USA (original Chinese edition)
Photo: 图：华盛顿特区天际线，该公司总部所在地（资料图）。图片：Washington Photo Safari，CC BY-SA 4.0（Wikimedia Commons）。Photo: The Washington, D.C. skyline, where the company is headquartered (file photo). Photo: Washington Photo Safari, CC BY-SA 4.0 (Wikimedia Commons).
