Easterly Government Properties reports Q4 core FFO of $0.77 per share

Washington, D.C.-based Easterly Government Properties, (NYSE:DEA), a real estate investment trust specializing in the acquisition, development and management of Class A commercial properties primarily leased to the U.S. Government and its adjacent partners, announced financial results for the fourth quarter and full year ended December 31, 2025.

For the fourth quarter, the company reported net income of $4.8 million, or $0.10 per diluted share.

Core funds from operations (Core FFO), a key non-GAAP metric for REITs, totaled $36.8 million, or $0.77 per diluted share.

For the full year 2025, Easterly posted net income of $13.6 million, or $0.29 per diluted share.

Core FFO reached $140.1 million, or $2.99 per diluted share, reflecting steady rental income from its high-credit, long-term government leases.

During 2025, Easterly executed a 1-for-2.5 reverse stock split of its common shares, effective April 28, 2025, aimed at improving trading liquidity and aligning share price with peer benchmarks in the net lease and government-focused REIT sector.

The company also completed the acquisition of three properties for an aggregate contractual purchase price of $169.9 million, expanding its portfolio of mission-critical facilities leased to federal agencies.

These additions further diversified Easterly's tenant base and geographic footprint while maintaining its focus on properties with long-duration, non-cancelable leases backed by the full faith and credit of the U.S. Government.

Easterly also disposed of the ICE - Otay property, generating net sale proceeds of approximately $3.5 million as part of ongoing capital recycling efforts to fund higher-yielding acquisitions and maintain balance sheet discipline.