Easterly Government Properties Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Easterly Government Properties Inc reported revenue of $336.1M (+11.3% year on year) and net income of $13.6M (-34.1% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Rental income | $321.7M | $289.6M | $273.9M | $284.5M |
| Total revenues | $11.9M | $10.1M | $11.2M | $7.7M |
| Asset management income | $2.5M | $2.3M | $2.1M | $1.4M |
| Total revenues | $336.1M | $302.1M | $287.2M | $293.6M |
| Property operating | $77.5M | $70.2M | $72.0M | $66.8M |
| Real estate taxes | $33.9M | $30.9M | $30.5M | $30.9M |
| Depreciation and amortization | $113.9M | $96.3M | $91.3M | $98.3M |
| Acquisition costs | $1.4M | $1.9M | $1.7M | $1.4M |
| Corporate general and administrative | $26.0M | $24.4M | $27.1M | $24.8M |
| Provision for (recovery of) credit losses | ($445.0K) | $1.5M | — | — |
| Total expenses | $252.3M | $225.3M | $222.5M | $222.1M |
| Income from unconsolidated real estate venture | $6.8M | $6.1M | $5.5M | $3.4M |
| Interest expense, net | ($74.5M) | ($62.4M) | ($49.2M) | ($47.4M) |
| Impairment loss | ($2.5M) | $0 | $0 | ($5.5M) |
| Net income | $13.6M | $20.6M | $21.1M | $35.6M |
| Non-controlling interest in Operating Partnership | ($554.0K) | ($1.0M) | ($2.3M) | ($4.1M) |
| Net income available to Easterly Government Properties, Inc. | $13.0M | $19.6M | $18.8M | $31.5M |
| Basic | $0.27 | $0.18 | $0.19 | $0.34 |
| Diluted | $0.27 | $0.18 | $0.19 | $0.34 |
| Basic | 44.9M | 103.4M | 94.3M | 90.6M |
| Diluted | 45.1M | 103.8M | 94.6M | 90.9M |
| Dividends declared per common share | $2.01 | $1.06 | $1.06 | $1.06 |
| Line item | Sep 30, 2026 · Q3 | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 |
|---|---|---|---|---|
| Rental income | $90.0M | $89.7M | $88.6M | $82.2M |
| Total revenues | $3.6M | $2.1M | $2.3M | $3.3M |
| Total revenues | $93.6M | $92.4M | $91.5M | $86.2M |
| Property operating | $22.9M | $20.0M | $20.5M | $20.7M |
| Real estate taxes | $9.0M | $9.1M | $8.5M | $8.8M |
| Depreciation and amortization | $31.0M | $32.2M | $33.2M | $28.9M |
| Acquisition costs | $360.0K | $553.0K | $649.0K | $293.0K |
| Corporate general and administrative | $7.2M | $9.0M | $8.5M | $5.8M |
| Provision for (recovery of) credit losses | ($752.0K) | ($313.0K) | $196.0K | $302.0K |
| Total expenses | $69.7M | $70.4M | $71.6M | $64.9M |
| Income from unconsolidated real estate venture | $1.8M | $1.6M | $1.7M | $1.6M |
| Interest expense, net | ($20.0M) | ($20.4M) | ($20.2M) | ($19.0M) |
| Impairment loss | $0 | — | — | ($2.5M) |
| Net income | $5.7M | $3.2M | $1.4M | $1.2M |
| Non-controlling interest in Operating Partnership | ($189.0K) | ($108.0K) | ($49.0K) | ($34.0K) |
| Net income available to Easterly Government Properties, Inc. | $5.5M | $3.0M | $1.4M | $1.2M |
| Basic | $0.11 | $0.06 | $0.02 | $0.02 |
| Diluted | $0.11 | $0.06 | $0.02 | $0.02 |
| Basic | 47.3M | 46.5M | 46.3M | 45.3M |
| Diluted | 47.6M | 46.7M | 46.5M | 45.5M |
| Dividends declared per common share | $0.45 | $0.45 | $0.45 | $0.45 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Real estate properties, net | $2.7B | $2.6B | $2.3B | $2.3B |
| Cash and cash equivalents | $23.4M | $19.4M | $9.4M | $7.6M |
| Restricted cash | $10.3M | $8.5M | $12.6M | $9.7M |
| Tenant accounts receivable | $51.5M | $71.2M | $66.3M | $58.8M |
| Investment in unconsolidated real estate venture | $304.7M | $316.5M | $284.5M | $271.6M |
| Real estate loan receivable, net | $34.3M | $34.1M | — | — |
| Intangible assets, net | $183.9M | $161.4M | $148.5M | $157.3M |
| Prepaid expenses and other assets | $57.1M | $39.3M | $37.4M | $35.0M |
| Total assets | $3.4B | $3.2B | $2.9B | $2.8B |
| Revolving credit facility | $199.1M | $274.6M | $79.0M | $65.5M |
| Term loan facilities, net | $297.2M | $274.0M | $299.1M | $249.0M |
| Notes payable, net | $1.0B | $894.7M | $696.5M | $696.1M |
| Mortgage notes payable, net | $151.2M | $155.6M | $220.2M | $240.8M |
| Intangible liabilities, net | $12.0M | $14.9M | $12.5M | $16.4M |
| Deferred revenue | $219.2M | $121.0M | $82.7M | $83.3M |
| Interest rate swaps | $3.0M | $717.0K | $2.0M | $4.0M |
| Accounts payable, accrued expenses and other liabilities | $109.7M | $101.3M | $80.2M | $67.3M |
| Total liabilities | $2.0B | $1.8B | $1.5B | $1.4B |
| Common stock, par value $0.01, 80,000,000 shares authorized, 46,303,469 and 43,188,224 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | 463.0K | 1.1M | 1.0M | 908.0K |
| Additional paid-in capital | $2.0B | $1.9B | $1.8B | $1.6B |
| Retained earnings | $144.9M | $131.9M | $112.3M | $93.5M |
| Cumulative dividends | ($776.0M) | ($686.0M) | ($576.3M) | ($476.0M) |
| Accumulated other comprehensive income | ($4.6M) | $683.0K | $1.9M | $3.5M |
| Total stockholders' equity | $1.3B | $1.3B | $1.3B | $1.2B |
| Non-controlling interest in Operating Partnership | $46.4M | $66.0M | $87.3M | $166.1M |
| Total equity | $1.4B | $1.4B | $1.4B | $1.4B |
| Total liabilities and equity | $3.4B | $3.2B | $2.9B | $2.8B |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 |
|---|---|---|---|---|
| Real estate properties, net | $2.8B | $2.8B | $2.7B | $2.7B |
| Cash and cash equivalents | $2.9M | $3.3M | $2.0M | $4.4M |
| Restricted cash | $8.8M | $10.4M | $10.7M | $9.9M |
| Tenant accounts receivable | $72.1M | $70.6M | $73.0M | $65.8M |
| Investment in unconsolidated real estate venture | $294.1M | $300.0M | $304.1M | $306.5M |
| Real estate loans receivable, net and investment in sales-type lease, net | $10.4M | $45.0M | $44.5M | — |
| Intangible assets, net | $175.1M | $182.2M | $189.5M | $190.7M |
| Interest rate swaps | $3.5M | $1.0M | — | $0 |
| Prepaid expenses and other assets | $51.2M | $52.5M | $57.5M | $59.9M |
| Total assets | $3.4B | $3.4B | $3.4B | $3.4B |
| Revolving credit facility | $16.1M | $43.0M | $245.1M | $170.9M |
| Term loan facilities, net | $496.2M | $495.8M | $297.5M | $297.0M |
| Notes payable, net | $1.0B | $1.0B | $1.0B | $1.0B |
| Mortgage notes payable, net | $142.0M | $148.9M | $150.1M | $152.3M |
| Intangible liabilities, net | $12.1M | $12.9M | $13.6M | $12.6M |
| Deferred revenue | $226.0M | $226.0M | $230.0M | $220.5M |
| Interest rate swaps | $0 | $0 | $1.0M | $3.0M |
| Accounts payable, accrued expenses and other liabilities | $110.9M | $110.6M | $108.2M | $121.6M |
| Total liabilities | $2.0B | $2.1B | $2.1B | $2.0B |
| Common stock, par value $0.01, 80,000,000 shares authorized, 47,321,617 and 46,303,469 shares issued and outstanding at September 30, 2026 and December 31, 2025, respectively | 473.0K | 473.0K | 464.0K | 461.0K |
| Additional paid-in capital | $2.0B | $2.0B | $2.0B | $2.0B |
| Retained earnings | $154.8M | $149.3M | $146.2M | $140.3M |
| Cumulative dividends | ($839.1M) | ($817.8M) | ($796.9M) | ($755.3M) |
| Accumulated other comprehensive income (loss) | $2.0M | ($567.0K) | ($2.6M) | ($4.6M) |
| Total stockholders’ equity | $1.3B | $1.3B | $1.3B | $1.3B |
| Non-controlling interest in Operating Partnership | $44.1M | $44.5M | $46.7M | $51.3M |
| Total equity | $1.3B | $1.4B | $1.4B | $1.4B |
| Total liabilities and equity | $3.4B | $3.4B | $3.4B | $3.4B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $13.6M | $20.6M | $21.1M | $35.6M |
| Depreciation and amortization | $113.9M | $96.3M | $91.3M | $98.3M |
| Straight line rent | $371.0K | ($3.0M) | ($3.9M) | ($410.0K) |
| Income from unconsolidated real estate venture | ($6.8M) | ($6.1M) | ($5.5M) | ($3.4M) |
| Amortization of above- / below-market leases | ($1.8M) | ($1.9M) | ($2.7M) | ($3.1M) |
| Amortization of unearned revenue | ($7.7M) | ($6.9M) | ($6.2M) | ($5.8M) |
| Amortization of loan premium / discount | ($21.0K) | ($675.0K) | ($1.1M) | ($1.1M) |
| Amortization of deferred financing costs | $3.4M | $3.0M | $2.1M | $2.1M |
| Amortization of lease inducements | $2.1M | $1.1M | $942.0K | $856.0K |
| Amortization of real estate loan origination fees | ($145.0K) | ($58.0K) | — | — |
| Amortization of treasury lock settlement | $217.0K | — | — | — |
| Impairment loss | $2.5M | $0 | $0 | $5.5M |
| Distributions from investment in unconsolidated real estate venture | $18.6M | $12.1M | $10.2M | $6.4M |
| Non-cash compensation | $6.0M | $3.2M | $5.7M | $6.5M |
| Provision for (recovery of) credit losses | ($445.0K) | — | — | — |
| Tenant accounts receivable | $21.0M | ($1.7M) | ($3.2M) | ($126.0K) |
| Prepaid expenses and other assets | ($12.4M) | ($3.0M) | ($5.6M) | ($2.8M) |
| Real estate loan interest receivable | ($2.8M) | ($1.2M) | — | — |
| Deferred revenue associated with operating leases | $106.0M | $45.2M | $5.7M | $2.0M |
| Principal payments on operating lease obligations | ($676.0K) | ($672.0K) | ($497.0K) | ($599.0K) |
| Accounts payable, accrued expenses and other liabilities | $4.3M | $4.9M | $6.1M | ($318.0K) |
| Net cash provided by operating activities | $259.2M | $162.6M | $114.5M | $125.9M |
| Real estate acquisitions and deposits | ($180.0M) | ($188.1M) | ($63.4M) | ($93.7M) |
| Additions to operating properties | ($34.1M) | ($35.4M) | ($28.1M) | ($22.6M) |
| Additions to development properties | ($76.6M) | ($116.0M) | ($17.8M) | ($12.3M) |
| Proceeds from sale of operating properties, net | $3.5M | $2.2M | — | $202.4M |
| Repayments of real estate loan receivable | $16.2M | — | — | — |
| Investment in real estate loan receivable, net | ($14.2M) | ($34.2M) | — | — |
| Net cash used in investing activities | ($285.3M) | ($409.6M) | ($127.0M) | ($69.1M) |
| Payment of deferred financing costs | ($4.9M) | ($7.9M) | — | — |
| Issuance of common shares | 63.6M | 71.8M | 86.5M | 9.5M |
| Credit facility draws | $342.5M | $617.5M | $198.3M | $230.8M |
| Credit facility repayments | ($418.0M) | ($422.0M) | ($184.8M) | ($179.8M) |
| Term loan draws | $25.5M | — | $50.0M | — |
| Issuance of notes payable | $125.0M | $200.0M | — | — |
| Treasury lock settlement | ($1.9M) | — | — | — |
| Repayments of mortgage notes payable | ($4.6M) | ($64.3M) | ($20.0M) | ($10.9M) |
| Dividends and distributions paid | ($94.6M) | ($115.9M) | ($112.4M) | ($109.2M) |
| Payment of offering costs | ($673.0K) | ($916.0K) | ($397.0K) | ($136.0K) |
| Net cash provided by financing activities | $31.9M | $252.9M | $17.2M | ($59.7M) |
| Net increase in Cash and cash equivalents and Restricted cash | $5.8M | $5.9M | $4.7M | ($2.9M) |
| Cash and cash equivalents and Restricted cash, beginning of year | $27.8M | $21.9M | $17.3M | $20.1M |
| Cash and cash equivalents and Restricted cash, end of year | $33.6M | $27.8M | $21.9M | $17.3M |
| Cash paid for interest, net of capitalized interest | $69.2M | $57.2M | $47.5M | $40.2M |
| Capitalized interest | $9.9M | $4.7M | $1.5M | $1.2M |
| Line item | Sep 30, 2026 · YTD | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $10.3M | $4.6M | $1.4M | $8.8M |
| Depreciation and amortization | $96.3M | $65.4M | $33.2M | $84.3M |
| Straight line rent | ($5.0M) | ($3.6M) | ($2.0M) | ($386.0K) |
| Income from unconsolidated real estate venture | ($5.0M) | ($3.3M) | ($1.7M) | ($5.2M) |
| Amortization of above- / below-market leases | ($1.3M) | ($870.0K) | ($435.0K) | ($1.4M) |
| Amortization of unearned revenue | ($11.4M) | ($7.5M) | ($3.7M) | ($5.5M) |
| Amortization of loan premium / discount | ($4.0K) | ($7.0K) | ($4.0K) | ($16.0K) |
| Amortization of deferred financing costs | $2.9M | $1.9M | $943.0K | $2.5M |
| Amortization of lease inducements | $1.2M | $790.0K | $399.0K | $1.5M |
| Amortization of real estate loans receivable origination fees | ($240.0K) | ($78.0K) | ($36.0K) | ($109.0K) |
| Amortization of treasury lock settlement | $185.0K | $115.0K | $69.0K | $147.0K |
| Impairment loss | $0 | — | — | $2.5M |
| Distributions from investment in unconsolidated real estate venture | $12.6M | $8.0M | $2.3M | $15.2M |
| Non-cash compensation | $6.2M | $4.2M | $2.1M | $4.4M |
| Recovery of credit losses | ($869.0K) | ($117.0K) | $196.0K | ($475.0K) |
| Tenant accounts receivable | ($15.2M) | ($14.9M) | ($19.3M) | $6.7M |
| Prepaid expenses and other assets | $3.3M | $2.0M | ($1.7M) | ($8.2M) |
| Real estate loan interest receivable | $2.4M | ($279.0K) | ($63.0K) | ($1.9M) |
| Deferred revenue associated with operating leases | $18.2M | $14.3M | $14.5M | $105.1M |
| Principal payments on operating lease obligations | ($580.0K) | ($380.0K) | ($182.0K) | ($519.0K) |
| Principal repayment of sales-type lease | $200.0K | $131.0K | $64.0K | — |
| Accounts payable, accrued expenses and other liabilities | $5.2M | $1.4M | $1.1M | $9.9M |
| Net cash provided by operating activities | $119.3M | $71.9M | $27.3M | $217.3M |
| Real estate acquisitions and deposits | ($44.3M) | ($43.5M) | ($43.2M) | ($179.4M) |
| Additions to operating properties | ($22.2M) | ($14.7M) | ($5.5M) | ($25.0M) |
| Additions to development properties | ($64.8M) | ($44.5M) | ($17.8M) | ($58.1M) |
| Repayments of real estate loan receivable | $33.5M | — | — | $15.5M |
| Distributions from investment in unconsolidated real estate venture | $3.1M | — | — | — |
| Investments in real estate loans receivable, net | ($6.9M) | ($6.9M) | ($6.9M) | ($14.0M) |
| Net cash used in investing activities | ($101.7M) | ($109.0M) | ($73.4M) | ($257.6M) |
| Payment of deferred financing costs | ($1.9M) | ($1.8M) | — | ($4.8M) |
| Issuance of common shares | 21.2M | 21.2M | 2.2M | 63.6M |
| Credit facility draws | $230.3M | $165.3M | $99.3M | $274.4M |
| Credit facility repayments | ($413.3M) | ($321.3M) | ($53.3M) | ($378.0M) |
| Term loan proceeds | $200.0M | $200.0M | — | $25.5M |
| Repayments of mortgage notes payable | ($9.4M) | ($2.4M) | ($1.2M) | ($3.4M) |
| Dividends and distributions paid | ($65.9M) | ($43.7M) | ($21.8M) | ($72.9M) |
| Payment of offering costs | ($457.0K) | ($212.0K) | ($22.0K) | ($673.0K) |
| Net cash (used in) provided by financing activities | ($39.5M) | $17.1M | $25.1M | $26.7M |
| Net decrease in Cash and cash equivalents and Restricted cash | ($21.9M) | ($20.0M) | ($21.0M) | ($13.6M) |
| Cash and cash equivalents and Restricted cash, beginning of period | $33.6M | $33.6M | $33.6M | $27.8M |
| Cash and cash equivalents and Restricted cash, end of period | $11.8M | $13.7M | $12.7M | $14.2M |
| Cash paid for interest (net of capitalized interest of $2,202 and $7,356 in 2026 and 2025, respectively) | $56.9M | $39.2M | $18.5M | $51.7M |
| Additions to properties accrued, not paid | $23.2M | $25.9M | $24.2M | $28.2M |
| Offering costs accrued, not paid | $6.0K | $6.0K | $3.0K | $3.0K |
Easterly Government Properties Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.