Easterly Government Properties, Inc. (NYSE: DEA) announced its financial results for the third quarter ended September 30, 2026, in a press release filed with the SEC on October 26, 2026.
For the quarter, the company reported net income of $5.7 million, or $0.12 per share on a fully diluted basis. Core Funds from Operations (Core FFO) were $38.0 million, or $0.78 per share. Over the first nine months of 2026, net income totaled $10.3 million ($0.21 per share), and Core FFO reached $112.5 million ($2.33 per share).
The company utilized $6.4 million of available cash to extinguish a mortgage note obligation on the USFS II - Albuquerque property. Additionally, the company amended its 2018 term loan facility and 2024 revolving credit facility to remove a credit spread adjustment applicable to SOFR-based borrowings. The company also received full repayment of a $35.6 million Bedford construction loan in September 2026, prior to its scheduled maturity.
Portfolio operations as of September 30, 2026, included 106 operating properties encompassing approximately 10.7 million leased square feet. The operating portfolio was 98% leased. The company wholly owns three properties in development expected to encompass approximately 0.2 million leased square feet upon completion.
As of September 30, 2026, total indebtedness was approximately $1.7 billion, with a weighted average maturity of 3.8 years and an interest rate of 4.6%. The company’s Net Debt to total enterprise value was 59.6%.
On October 22, 2026, the Board of Directors approved a cash dividend of $0.45 per common share for the third quarter of 2026, payable on November 20, 2026, to shareholders of record on November 5, 2026.
The company provided guidance for full-year 2026 Core FFO per share on a fully diluted basis at a range of $3.08 to $3.13. For full-year 2027, the guidance for Core FFO per share is a range of $3.09 to $3.17.
