Easterly Government Properties, Inc. (NYSE: DEA) announced its third‑quarter 2025 results on Monday, October 27, 2025. The company reported operating results for the quarter ended September 30, 2025, and provided updated guidance for the full year and the following year.
The company’s portfolio now includes 102 operating properties covering approximately 10.2 million leased square feet, with 92 properties primarily leased to U.S. Government agencies, six to state or local governments, and four to private tenants. In addition, Easterly owns four properties in development that are expected to add roughly 0.3 million rentable square feet upon completion, including a new FDA laboratory in Atlanta, a judiciary courthouse in Flagstaff, a law‑enforcement laboratory in Fort Myers, and a judiciary courthouse in Medford.
During the quarter, Easterly completed the acquisition of a 138,125‑square‑foot facility in Greenwood Village, Colorado, 100 % leased to York Space Systems, and acquired land in Fort Myers, Florida, for a 64,000‑square‑foot laboratory to be leased to the Florida Department of Law Enforcement. The company also amended its 2018 term loan, upsizing it to $200 million and extending the maturity to August 2028 with two one‑year extension options and an additional $100 million accordion feature.
Financially, Easterly’s balance sheet remains strong, with total indebtedness of approximately $1.6 billion and a weighted‑average maturity of 4.4 years. The board approved a quarterly dividend of $0.45 per share for the third quarter, payable November 20, 2025. The company updated its full‑year 2025 Core FFO per share guidance to $2.98–$3.02 on a fully diluted basis, assuming about $167 million in wholly owned acquisitions and $25–$75 million in development investment. Guidance for 2026 projects Core FFO per share at $3.05–$3.12, with $50 million in acquisitions and $50–$100 million in development investment.
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