Easterly Government Properties Reports Q3 2026 Growth and Raises Full-Year Guidance
Easterly Government Properties (DEA) reported third-quarter results showing steady growth, with Core FFO per share rising 2.6% year-over-year to $0.78. Total revenue increased by 8.7% to $93.6 million, driven by recent acquisitions and successful lease renewals. The company maintained a high portfolio occupancy rate of 98%, supported by long-term leases with an average remaining term of 9.2 years. Management raised the lower end of its 2026 Core FFO guidance to a range of $3.08 to $3.13 per share. While providing initial 2027 guidance, leadership noted potential headwinds including the upcoming FAA Chicago tenant move-out and refinancing pressures related to the Loma Linda loan maturity. Despite these concerns, the company continues to manage its leverage, reporting a net debt to EBITDA ratio of 7.1x.
Tickers: $DEA
Topics: earnings report FFO guidance real estate investment trust revenue growth
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