Saturday 24 October 2026 Export DEA’s income statement to Excel — free account

Easterly Government Properties, Inc.

Easterly Government Properties, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $336.1 million, up 11.3% from fiscal 2024. In the quarter to June 2026, revenue grew 9.71%, EPS fell 33.3%, free cash flow grew 106.8% and total debt was flat, each against the same quarter a year earlier.

22.65 0.08 +0.35%

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Market cap: $1.1B
P/E: 104×
Fwd P/E: 94.9×
Dividend yield: 7.95%
F-score: 6/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 4.63%

Capital & Financial Ratios $m

Market Cap 1,070.00

Revenue 357.15

Net Income 10.59

Free Cash Flow 75.38

Net Debt 1,393.55

Current Ratio 3.88

Debt/Equity 1.26

P/E ratio 103.85

Fwd P/E 94.90

P/S ratio 2.95

P/B ratio 0.77

Past 5Y EPS Growth (6.36%)

This Y EPS Growth (14.81%)

Next Y EPS Growth 32.61%

Next Y revenue growth 9.67%

Next 5Y EPS Growth 9.04%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 49.70%

10-year low 10-year high

P/S against its own 10 years 2.21%

10-year low 10-year high

P/B against its own 10 years 16.45%

10-year low 10-year high

EV/Sales against its own 10 years 1.69%

10-year low 10-year high

Dividends

Payout Ratio 8.28

Annual Dividend Rate 1.80

Annual Dividend Yield 7.95%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.80	0.45 0.45 0.45
2025	2.01	0.66 0.45 0.45 0.45
2024	2.65	0.66 0.66 0.66 0.66
2023	2.65	0.66 0.66 0.66 0.66
2022	2.65	0.66 0.66 0.66 0.66
2021	2.63	0.65 0.65 0.66 0.66
2020	2.60	0.65 0.65 0.65 0.65
2019	2.60	0.65 0.65 0.65 0.65
2018	2.60	0.65 0.65 0.65 0.65
2017	2.50	0.60 0.63 0.63 0.65
2016	2.30	0.55 0.58 0.58 0.60

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	306	344	338	314
Receivables	66	71	51	71
Inventory	—	—	—	—
Other	—	—	—	—
	373	450	424	429

	2023	2024	2025	Q'26
Payables	80	101	110	111
ST’ Debt	—	—	—	—
Other	—	—	—	—
	80	101	110	111

Compound Annual Growth %

	10y	5y	3y
Sales	16.76%	6.52%	4.61%
Cash Flow	24.09%	12.29%	27.20%
Earnings	0.00%	1.68%	(25.52%)
Book Value	8.25%	1.05%	(0.99%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	92	92	—	—	—
’25	79	84	86	87	336
’24	73	76	75	78	302
’23	71	71	72	73	287
’22	72	73	75	74	294
’21	65	69	70	72	275
’20	58	61	61	65	245

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	27	45	—	—	—
’25	24	38	155	42	259
’24	24	57	57	25	163
’23	22	37	38	18	114
’22	24	40	39	22	126
’21	26	31	38	24	118
’20	39	37	33	37	145

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(39)	8	—	—	—
’25	(13)	(122)	93	14	(28)
’24	2	(42)	(4)	(131)	(175)
’23	11	27	28	(61)	5
’22	17	(48)	15	215	200
’21	(46)	(1)	14	(80)	(113)
’20	(15)	(49)	(9)	(72)	(145)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.03	0.06	—	—	—
’25	0.07	0.09	0.03	0.10	0.27
’24	0.01	0.10	0.13	0.13	0.45
’23	0.10	0.13	0.15	0.10	0.48
’22	0.20	0.20	0.02	0.45	0.85
’21	0.20	0.25	0.23	0.20	0.88
’20	0.05	0.13	0.13	0.08	0.38

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	Trend	10 yrs	2026e	2027e	2028e	Next 3/yr
												Ten-year view		Analyst estimates Powerpack
Price, $
Price, $	Low	41.03	47.70	37.91	38.25	47.50	49.10	33.73	25.68	26.90	19.33		(8.0%)	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
	High	52.05	55.80	53.71	59.40	74.24	59.11	59.13	41.98	36.31	29.74		(6.0%)	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
People
People	Employees	27	30	32	37	45	53	54	56	50	55		+8.2%	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
	Revenue/emp, $m	3.87	4.36	5.02	5.99	5.45	5.19	5.44	5.13	6.04	6.11		+5.2%	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
Income, $m
Income, $m	Revenue	105	131	161	222	245	275	294	287	302	336		+13.8%	369	378	386	+4.7%
	Gross margin, %	70.39	70.43	69.97	67.56	69.17	68.30	66.73	64.34	66.54	66.85		(3.5) pt	Powerpack Easterly Government Properties, Inc.’s next three years, line by line Analysts expect revenue to grow 4.7% a year to 2028 — slower than the 13.8% of the last 9 years. See the consensus for every other line: earnings, margins, cash flow, valuation and returns. Unlock estimates Try Powerpack free for 7 days, then $99 / year ($8.25 a month). Cancel any time. Also in Powerpack: every quarter, Excel exports, API & MCP access. Compare plans
	EBT	5	5	7	8	14	34	36	21	21	14		+10.6%
	EBT margin, %	5.25	4.12	4.15	3.71	5.52	12.35	12.11	7.33	6.81	4.03		(1.2) pt
	Net income	5	5	7	8	14	34	36	21	21	14		+10.6%
	Depreciation	39	47	59	86	87	83	91	84	91	110		+12.1%
Per share, $
Per share, $	Revenue	8.53	8.25	7.50	8.06	7.83	8.18	8.10	7.62	7.30	7.48		(1.5%)
	Earnings	0.28	0.28	0.23	0.25	0.38	0.88	0.85	0.48	0.45	0.27		(0.2%)
	Cash flow	3.87	3.11	2.93	5.17	4.64	3.52	3.47	3.04	3.93	5.77		+4.6%
	Capex	(13.89)	(24.99)	(21.81)	(16.08)	(9.27)	(6.89)	2.04	(2.90)	(8.15)	(6.39)		(8.3%)
	Free cash flow	(10.03)	(21.88)	(18.87)	(10.91)	(4.63)	(3.37)	5.51	0.14	(4.22)	(0.62)		(26.5%)
	Book value	56.97	49.93	47.90	43.62	41.55	42.88	38.93	37.38	33.52	30.49		(6.7%)
	Shares, m	12	16	21	28	31	34	36	38	41	45		+15.5%
Valuation, ×
Valuation, ×	P/E	151.53	212.80	147.70	235.90	151.01	65.49	41.52	72.00	78.45	73.70		123.0
	P/S	5.92	6.45	5.22	7.36	7.23	7.01	4.46	4.49	3.89	2.83		5.5
	P/B	0.89	1.07	0.82	1.36	1.36	1.34	0.93	0.91	0.85	0.70		1.0
	EV/Sales	8.66	10.73	9.93	11.36	11.16	10.86	7.74	7.93	8.04	6.78		9.3
	EV/FCF	(7.37)	(4.05)	(3.95)	(8.39)	(18.87)	(26.39)	11.38	446.30	(13.90)	(81.27)		29.3
Cash, $m
Cash, $m	Operating cash flow	47	49	63	142	145	118	126	114	163	259		+20.8%
	Capex	(170)	(396)	(467)	(442)	(290)	(231)	74	(109)	(337)	(287)		+6.0%
	Free cash flow	(123)	(347)	(404)	(300)	(145)	(113)	200	5	(175)	(28)		(15.1%)
Balance, $m
Balance, $m	Working capital	7	19	10	11	11	150	280	293	348	314		+52.4%
	Total debt	293	576	766	902	978	1,211	1,251	1,295	1,599	1,666		+21.3%
	Net debt	286	560	755	886	964	1,059	962	988	1,254	1,328		+18.6%
	Shareholders’ equity	698	791	1,025	1,200	1,300	1,442	1,411	1,410	1,387	1,370		+7.8%
Returns, %
Returns, %	ROA	0.39	0.36	0.35	0.35	0.51	1.14	1.11	0.66	0.64	0.39		0.0 pt
	ROIC	0.87	1.05	1.04	1.06	1.46	1.77	1.88	1.69	1.82	1.94		+1.1 pt
	ROE	0.59	0.60	0.63	0.65	0.96	2.19	2.21	1.33	1.40	0.94		+0.4 pt

Negative figures in brackets.

estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
SLG SL Green Realty Corporation	$3.8B	— (loss-making)	— (loss-making)	+9.13% (above 0%: growing)	n/m	+7,443.12% (above 0%: growing)	48.82%	7.84%	Compare
HIW Highwoods Properties, Inc.	$3.4B	20.1×	17.1×	+7.87% (above 0%: growing)	+400.00% (above 0%: growing)	+364.51% (above 0%: growing)	67.58%	26.47%	Compare
DEI Douglas Emmett, Inc.	$1.7B	— (loss-making)	— (loss-making)	+1.63% (above 0%: growing)	n/m	+41.06% (above 0%: growing)	63.19%	19.62%	Compare
PDM Piedmont Realty Trust, Inc.	$1.2B	— (loss-making)	— (loss-making)	+2.73% (above 0%: growing)	n/m	−9.08% (below 0%: shrinking)	61.15%	14.29%	Compare
DEA Easterly Government Properties, Inc.	$1.1B	104×	94.9×	+9.71% (above 0%: growing)	−33.33% (below 0%: shrinking)	+106.84% (above 0%: growing)	68.54%	23.79%
PSTL Postal Realty Trust, Inc.	$780.8M	40.5×	31.5×	+22.40% (above 0%: growing)	+25.00% (above 0%: growing)	+45.98% (above 0%: growing)	79.73%	39.49%	Compare
HPP Hudson Pacific Properties, Inc.	$587.0M	— (loss-making)	— (loss-making)	−0.90% (below 0%: shrinking)	n/m	−100.77% (below 0%: shrinking)	44.94%	(5.05%)	Compare
BDN Brandywine Realty Trust	$516.5M	— (loss-making)	— (loss-making)	+6.92% (above 0%: growing)	n/m	−1.07% (below 0%: shrinking)	59.27%	15.09%	Compare
OPI OFFIC PPTYS IT	$281.9M	— (loss-making)	—	+2.04% (above 0%: growing)	n/m	−358.26% (below 0%: shrinking)	84.14%	(0.02%)	Compare
Median of peers	$995.4M	—	—	+4.83%	—	+20.00%	62.17%	14.69%

All 19 Reit Office stocks →