DEA on NYSE
Easterly Government Properties, Inc.
In its 2026 annual report the company says: “We are an internally managed real estate investment trust, or REIT, focused primarily on the acquisition, development and management of Class A commercial properties that are leased to U.S. Government agencies that serve essential functions. Our objective is to generate attractive risk-adjusted returns for our stockholders over the long term through dividends and capital appreciation.”4 It is headquartered in Washington, the District of Columbia.1 Its shares trade on NYSE under the symbol DEA.1
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Last updated Oct 21, 2026.
Overview
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- TickerDEA on NYSE1
- IndustryReal Estate Investment Trusts1
- HeadquartersWashington, the District of Columbia1
- Incorporated inMD2
- Business address2001 K Street Nw, Suite 775 North, Washington, Dc 200062
- Filer categoryLarge accelerated filer2
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We are an internally managed real estate investment trust, or REIT, focused primarily on the acquisition, development and management of Class A commercial properties that are leased to U.S. Government agencies that serve essential functions. We generate approximately 90% of our revenue by leasing our properties to such agencies either directly or through the U.S. General Services Administration (“GSA”). Our objective is to generate attractive risk-adjusted returns for our stockholders over the long term through dividends and capital appreciation.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Real Estate, Other brought in 51% of the revenue Easterly Government Properties, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Real Estate, Other | $2.3M | $3.6M | $6.0M |
| Tenant Reimbursements | $8.9M | $6.5M | $5.9M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue23¢$77.5M
- Other costs73¢$245.6M
- Profit4¢$13.0M
Out of $336.1M in revenue.5
Where each dollar of operating cash went, fiscal 2025
- Dividends paid36¢$94.6M
- Kept or used elsewhere64¢$164.6M
Out of $259.2M of cash from operations.5
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Rental income | $321.7M | $289.6M | $273.9M |
| Asset management income | $2.5M | $2.3M | $2.1M |
| Total revenues | $336.1M | $302.1M | $287.2M |
| Property operating | $77.5M | $70.2M | $72.0M |
| Real estate taxes | $33.9M | $30.9M | $30.5M |
| Depreciation and amortization | $113.9M | $96.3M | $91.3M |
| Acquisition costs | $1.4M | $1.9M | $1.7M |
| Corporate general and administrative | $26.0M | $24.4M | $27.1M |
| Provision for (recovery of) credit losses | -$445.0K | $1.5M | |
| Total expenses | $252.3M | $225.3M | $222.5M |
| Income from unconsolidated real estate venture | $6.8M | $6.1M | $5.5M |
| Interest expense, net | -$74.5M | -$62.4M | -$49.2M |
| Gain on the sale of real estate | $171.0K | ||
| Impairment loss | -$2.5M | ||
| Net income | $13.6M | $20.6M | $21.1M |
| Non-controlling interest in Operating Partnership | -$554.0K | -$1.0M | -$2.3M |
| Net income available to Easterly Government Properties, Inc. | $13.0M | $19.6M | $18.8M |
| Basic | $0.27 | $0.46 | $0.48 |
| Diluted | $0.27 | $0.46 | $0.48 |
| Basic | 44.9M shares | 41.4M shares | 37.7M shares |
| Diluted | 45.1M shares | 41.5M shares | 37.8M shares |
| Dividends declared per common share | $2.01 | $2.65 | $2.65 |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 5 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2025-04-30 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|---|
| Real estate properties, net | $2.7B | $2.6B | |||
| Cash and cash equivalents | $23.4M | $19.4M | |||
| Restricted cash | $10.3M | $8.5M | |||
| Tenant accounts receivable | $51.5M | $71.2M | |||
| Investment in unconsolidated real estate venture | $304.7M | $316.5M | |||
| Real estate loan receivable, net | $34.3M | $34.1M | |||
| Intangible assets, net | $183.9M | $161.4M | |||
| Interest rate swaps | $717.0K | ||||
| Prepaid expenses and other assets | $57.1M | $39.3M | |||
| Total assets | $3.4B | $3.2B | |||
| Revolving credit facility | $199.1M | $274.6M | |||
| Term loan facilities, net | $297.2M | $274.0M | |||
| Notes payable, net | $1.0B | $894.7M | |||
| Mortgage notes payable, net | $151.2M | $155.6M | |||
| Intangible liabilities, net | $12.0M | $14.9M | |||
| Deferred revenue | $219.2M | $121.0M | |||
| Interest rate swaps | $3.0M | ||||
| Accounts payable, accrued expenses and other liabilities | $109.7M | $101.3M | |||
| Total liabilities | $2.0B | $1.8B | |||
| 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 | $432.0K | |||
| Additional paid-in capital | $2.0B | $1.9B | |||
| Retained earnings | $144.9M | $131.9M | |||
| Cumulative dividends | -$776.0M | -$686.0M | |||
| Accumulated other comprehensive income | -$4.6M | $683.0K | |||
| Total stockholders' equity | $1.3B | $1.3B | |||
| Non-controlling interest in Operating Partnership | $46.4M | $66.0M | |||
| Total equity | $1.4B | $1.4B | $1.4B | $1.4B | |
| Total liabilities and equity | $3.4B | $3.2B | |||
| Common Stock, par value | $0.01 | $0.01 | $0.01 | ||
| Common Stock, shares authorized | 80.0M shares | 80.0M shares | 80.0M shares | ||
| Common Stock, shares issued | 46.3M shares | 43.2M shares | |||
| Common Stock, shares outstanding | 46.3M shares | 44.9M shares | 43.2M shares | ||
| Reclassification of reverse stock split | $600.0K | $600.0K | $500.0K |
| Period ending | 2025-12-31 | 2025-04-30 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|---|
| Real estate properties, net | $2.7B | $2.6B | |||
| Cash and cash equivalents | $23.4M | $19.4M | |||
| Restricted cash | $10.3M | $8.5M | |||
| Tenant accounts receivable | $51.5M | $71.2M | |||
| Investment in unconsolidated real estate venture | $304.7M | $316.5M | |||
| Real estate loan receivable, net | $34.3M | $34.1M | |||
| Intangible assets, net | $183.9M | $161.4M | |||
| Interest rate swaps | $717.0K | ||||
| Prepaid expenses and other assets | $57.1M | $39.3M | |||
| Total assets | $3.4B | $3.2B | |||
| Revolving credit facility | $199.1M | $274.6M | |||
| Term loan facilities, net | $297.2M | $274.0M | |||
| Notes payable, net | $1.0B | $894.7M | |||
| Mortgage notes payable, net | $151.2M | $155.6M | |||
| Intangible liabilities, net | $12.0M | $14.9M | |||
| Deferred revenue | $219.2M | $121.0M | |||
| Interest rate swaps | $3.0M | ||||
| Accounts payable, accrued expenses and other liabilities | $109.7M | $101.3M | |||
| Total liabilities | $2.0B | $1.8B | |||
| 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 | $432.0K | |||
| Additional paid-in capital | $2.0B | $1.9B | |||
| Retained earnings | $144.9M | $131.9M | |||
| Cumulative dividends | -$776.0M | -$686.0M | |||
| Accumulated other comprehensive income | -$4.6M | $683.0K | |||
| Total stockholders' equity | $1.3B | $1.3B | |||
| Non-controlling interest in Operating Partnership | $46.4M | $66.0M | |||
| Total equity | $1.4B | $1.4B | $1.4B | $1.4B | |
| Total liabilities and equity | $3.4B | $3.2B | |||
| Common Stock, par value | $0.01 | $0.01 | $0.01 | ||
| Common Stock, shares authorized | 80.0M shares | 80.0M shares | 80.0M shares | ||
| Common Stock, shares issued | 46.3M shares | 43.2M shares | |||
| Common Stock, shares outstanding | 46.3M shares | 44.9M shares | 43.2M shares | ||
| Reclassification of reverse stock split | $600.0K | $600.0K | $500.0K |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $13.6M | $20.6M | $21.1M |
| Depreciation and amortization | $113.9M | $96.3M | $91.3M |
| Straight line rent | $371.0K | -$3.0M | -$3.9M |
| Income from unconsolidated real estate venture | -$6.8M | -$6.1M | -$5.5M |
| Amortization of above- / below-market leases | -$1.8M | -$1.9M | -$2.7M |
| Amortization of unearned revenue | -$7.7M | -$6.9M | -$6.2M |
| Amortization of loan premium / discount | -$21.0K | -$675.0K | -$1.1M |
| Amortization of deferred financing costs | $3.4M | $3.0M | $2.1M |
| Amortization of lease inducements | $2.1M | $1.1M | $942.0K |
| Amortization of real estate loan origination fees | -$145.0K | -$58.0K | |
| Amortization of treasury lock settlement | $217.0K | ||
| Gain on the sale of real estate | -$171.0K | ||
| Impairment loss | $2.5M | ||
| Distributions from investment in unconsolidated real estate venture | $18.6M | $12.1M | $10.2M |
| Non-cash compensation | $6.0M | $3.2M | $5.7M |
| Provision for (recovery of) credit losses | -$445.0K | $1.5M | |
| Tenant accounts receivable | $21.0M | -$1.7M | -$3.2M |
| Prepaid expenses and other assets | -$12.4M | -$3.0M | -$5.6M |
| Real estate loan interest receivable | -$2.8M | -$1.2M | |
| Deferred revenue associated with operating leases | $106.0M | $45.2M | $5.7M |
| Principal payments on operating lease obligations | -$676.0K | -$672.0K | -$497.0K |
| Accounts payable, accrued expenses and other liabilities | $4.3M | $4.9M | $6.1M |
| Net cash provided by operating activities | $259.2M | $162.6M | $114.5M |
| Real estate acquisitions and deposits | -$180.0M | -$188.1M | -$63.4M |
| Additions to operating properties | -$34.1M | -$35.4M | -$28.1M |
| Additions to development properties | -$76.6M | -$116.0M | -$17.8M |
| Proceeds from sale of operating properties, net | $3.5M | $2.2M | |
| Distributions from investment in unconsolidated real estate venture | $2.0M | $103.0K | |
| Investment in unconsolidated real estate venture | -$40.1M | -$17.7M | |
| 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 |
| Payment of deferred financing costs | -$4.9M | -$7.9M | |
| Issuance of common shares | $63.6M | $71.8M | $86.5M |
| Credit facility draws | $342.5M | $617.5M | $198.2M |
| Credit facility repayments | -$418.0M | -$422.0M | -$184.8M |
| Term loan draws | $25.5M | $50.0M | |
| Term loan repayments | -$25.5M | ||
| Issuance of notes payable | $125.0M | $200.0M | |
| Treasury lock settlement | -$1.9M | ||
| Repayments of mortgage notes payable | -$4.6M | -$64.3M | -$20.0M |
| Dividends and distributions paid | -$94.6M | -$115.9M | -$112.4M |
| Payment of offering costs | -$673.0K | -$916.0K | -$397.0K |
| Net cash provided by financing activities | $31.9M | $252.9M | $17.2M |
| Net increase in Cash and cash equivalents and Restricted cash | $5.8M | $5.9M | $4.7M |
| Cash paid for interest, net of capitalized interest | $69.2M | $57.2M | $47.5M |
| Capitalized interest | $9.9M | $4.7M | $1.5M |
| Deferred financing accrued, not paid | $30.0K | ||
| Offering costs accrued, not paid | $3.0K | $21.0K | $16.0K |
| Unrealized loss on treasury locks and interest rate swaps, net | -$5.5M | -$1.3M | -$2.0M |
| Deferred asset acquisition costs accrued, not paid | $14.0K | ||
| Properties acquired for common units | $219.0K | ||
| Contingent consideration accrued, not received | $41.0K | ||
| Right-of-use asset and liability adjustment due to remeasurement | $1.8M | ||
| Non-controlling interest in Operating Partnership | -$10.5M | -$18.8M | -$78.4M |
| Common stock | $6.0K | $14.0K | $59.0K |
| Additional paid-in capital | $10.5M | $18.8M | $78.3M |
No quarter-by-quarter statement was filed.
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Corporate structure
Easterly Government Properties, Inc. sits at the top of its group. 123 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Easterly Government Properties, Inc.
- VANGUARD PORTFOLIO MANAGEMENT LLC Filed SCHEDULE 13G on Easterly Government Properties, Inc., latest Apr 29, 2026
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on Easterly Government Properties, Inc., latest Mar 26, 2026 (5 filings since Feb 9, 2022)
- Global X Management CO LLC Filed SCHEDULE 13G/A on Easterly Government Properties, Inc., latest Aug 14, 2025 (2 filings since May 15, 2025)
- State Street Corporation Filed SCHEDULE 13G on Easterly Government Properties, Inc., latest Aug 11, 2025 (4 filings since Feb 11, 2022)
- BlackRock Filed SCHEDULE 13G/A on Easterly Government Properties, Inc., latest Jul 18, 2025 (9 filings since Jan 26, 2022)
- Michael P. Ibe Filed SC 13D on Easterly Government Properties, Inc., latest Nov 13, 2023
- Easterly Government Properties, Inc. Washington, the District of Columbia
- 5740 University Heights, LLC Subsidiary · Delaware, United States
- Easterly Government Properties Services LLC Subsidiary · Delaware, United States
- Easterly Government Properties TRS LLC Subsidiary · Delaware, United States
- Easterly Partners, LLC Subsidiary · Delaware, United States
- EGP 1000 Birmingham LLC Subsidiary · Delaware, United States
- EGP 1065 Anaheim LLC Subsidiary · Delaware, United States
- EGP 10749 Lenexa LLC Subsidiary · Delaware, United States
- EGP 10824 Dallas General Partner LLC Subsidiary · Delaware, United States
- EGP 10824 Dallas LP Subsidiary · Delaware, United States
- EGP 111 Jackson LLC Subsidiary · Delaware, United States
- EGP 11201 Lenexa LLC Subsidiary · Delaware, United States
- EGP 116 Suffolk LLC Subsidiary · Delaware, United States
- EGP 1200 Washington LLC Subsidiary · Delaware, United States
- EGP 1201 Alameda LLC Subsidiary · Delaware, United States
- EGP 1201 Portland LLC Subsidiary · Delaware, United States
- EGP 130 Buffalo LLC Subsidiary · Delaware, United States
- EGP 1300 Fresno LLC Subsidiary · Delaware, United States
- EGP 14101 Tustin LLC Subsidiary · Delaware, United States
- EGP 1440 Upper Marlboro LLC Subsidiary · Delaware, United States
- EGP 1500 Atlanta LLC Subsidiary · Delaware, United States
- EGP 1501 Knoxville LLC Subsidiary · Delaware, United States
- EGP 1535 Flagstaff LLC Subsidiary · Delaware, United States
- EGP 1540 South Bend LLC Subsidiary · Delaware, United States
- EGP 1547 Tracy LLC Subsidiary · Delaware, United States
- EGP 17101 Broomfield LLC Subsidiary · Delaware, United States
- and 97 more
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Easterly Government Properties, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Land | $314.6M5 Dec 31, 2025 | $267.5M5 Dec 31, 2024 | +17.6% |
| Construction in progress | $37.0M5 Dec 31, 2025 | $184.5M5 Dec 31, 2024 | −80.0% |
| Operating-lease assets (leased space) | $3.4M5 Dec 31, 2025 | $2.3M5 Dec 31, 2024 | +47.8% |
Real estate and locations
| Item | Latest | A year before | Change |
|---|---|---|---|
| Real estate investments, net | $2.7B5 Dec 31, 2025 | $2.6B5 Dec 31, 2024 | +5.5% |
| Real estate accumulated depreciation | $552.3M5 Dec 31, 2025 | $465.2M5 Dec 31, 2024 | +18.7% |
| Area of real estate | 64,000 sq ft5 Jul 2, 2025 |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $23.4M5 Dec 31, 2025 | $19.4M5 Dec 31, 2024 | +20.8% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Intangible assets, net (excluding goodwill) | $183.9M5 Dec 31, 2025 | $161.4M5 Dec 31, 2024 | +13.9% |
| Accumulated amortization | $268.0M5 Dec 31, 2025 | $243.8M5 Dec 31, 2024 | +9.9% |
| Finite-lived intangibles, net | $183.9M5 Dec 31, 2025 | $161.4M9 Dec 31, 2024 | +13.9% |
Properties, in its own words
As of December 31, 2025, we wholly owned 93 operating properties and ten operating properties through the JV in the United States encompassing approximately 10.4 million leased square feet (9.8 million pro rata), including 93 operating properties that were leased to U.S. Government tenant agencies, six operating properties leased to tenant agencies of a U.S. state or local government and four operating properties leased entirely to private tenants. In addition, we wholly owned three properties under development that we expect to encompass approximately 0.2 million leased square feet upon completion. As of December 31, 2025, our operating properties were 97% leased with a weighted average annualized lease income per leased square foot of $36.74 ($36.45 pro rata) and a weighted average age of approximately 16.4 years based on the date the property was built or renovated-to-suit, where applicable. For purposes of calculating percentage leased, we exclude from the denominator total square feet that was unleased and to which we attributed no value at the time of acquisition. We calculate annualized lease income as annualized contractual base rent for the last month in a specified period, plus the annualized straight line rent adjustments for the last month in such period and the annualized net expense reimbursements earned by us for the last month in such period.
The table set forth below shows information relating to the properties we owned, or in which we had an ownership interest, at December 31, 2025, and it includes properties held by the JV:
The rest of Item 2
Property Name · Location · PropertyType (1) · Tenant LeaseExpiration Year (2) · LeasedSquareFeet · Annualized Lease Income · Percentage of Total Annualized Lease Income · Annualized LeaseIncome perLeased SquareFoot
Wholly Owned U.S. Government Leased Properties
VA - Loma Linda · Loma Linda, CA · OC · 2036 · 327,614 · 16,933,040 · 4.5 · 51.69
USCIS - Kansas City (3) · Lee's Summit, MO · O · 2027 - 2042 · 417,945 · 10,405,359 · 2.8 · 24.90
JSC - Suffolk · Suffolk, VA · SF · 2028 · 403,737 · 8,556,070 · 2.3 · 21.19
Various GSA - Chicago · Des Plaines, IL · O · 2026 · 188,768 · 7,925,559 · 2.1 · 41.99
IRS - Fresno · Fresno, CA · O · 2033 · 180,481 · 6,825,521 · 1.8 · 37.82
FBI - Salt Lake · Salt Lake City, UT · SF · 2032 · 169,542 · 6,810,941 · 1.8 · 40.17
Various GSA - Portland (4) · Portland, OR · O · 2027-2039 · 175,214 · 5,913,484 · 1.6 · 33.75
Various GSA - Buffalo (5) · Buffalo, NY · O · 2026 - 2039 · 251,236 · 5,868,873 · 1.5 · 23.36
VA - San Jose · San Jose, CA · OC · 2038 · 90,085 · 5,815,230 · 1.5 · 64.55
EPA - Lenexa · Lenexa, KS · O · 2027 · 169,585 · 5,776,312 · 1.5 · 34.06
FBI - Tampa · Tampa, FL · SF · 2040 · 138,000 · 5,385,768 · 1.4 · 39.03
PTO - Arlington · Arlington, VA · SF · 2035 · 190,546 · 5,351,518 · 1.4 · 28.09
FBI - San Antonio · San Antonio, TX · SF · 2025 · 148,584 · 5,234,538 · 1.4 · 35.23
FDA - Alameda · Alameda, CA · L · 2039 · 69,624 · 5,025,603 · 1.3 · 72.18
FBI / DEA - El Paso · El Paso, TX · SF · 2028 · 203,683 · 4,919,619 · 1.3 · 24.15
USCIS - Lincoln · Lincoln, NE · O · 2026 · 137,671 · 4,901,961 · 1.3 · 35.61
FEMA - Tracy · Tracy, CA · W · 2038 · 210,373 · 4,668,336 · 1.2 · 22.19
TREAS - Parkersburg · Parkersburg, WV · O · 2041 · 182,500 · 4,419,012 · 1.2 · 24.21
FBI - Mobile · Mobile, AL · SF · 2029 · 76,112 · 4,350,464 · 1.1 · 57.16
FDA - Lenexa · Lenexa, KS · L · 2040 · 59,690 · 4,286,243 · 1.1 · 71.81
ICE - Dallas (6) · Irvine, TX · SF · 2032 / 2040 · 135,200 · 4,219,659 · 1.1 · 31.21
FBI - Pittsburgh · Pittsburgh, PA · SF · 2027 · 100,054 · 4,153,110 · 1.1 · 41.51
VA - South Bend · Mishawaka, IN · OC · 2032 · 86,363 · 4,121,021 · 1.1 · 47.72
FBI - New Orleans · New Orleans, LA · SF · 2029 · 137,679 · 4,005,179 · 1.1 · 29.09
FBI - Omaha · Omaha, NE · SF · 2044 · 112,196 · 3,981,452 · 1.0 · 35.49
VA - Mobile · Mobile, AL · OC · 2033 · 79,212 · 3,875,061 · 1.0 · 48.92
FDA - Atlanta · Atlanta, GA · L · 2045 · 162,000 · 3,851,158 · 1.0 · 23.77
USFS II - Albuquerque · Albuquerque, NM · O · 2031 · 98,720 · 3,699,413 · 1.0 · 37.47
FBI - Albany · Albany, NY · SF · 2036 · 69,476 · 3,593,055 · 0.9 · 51.72
FBI - Birmingham · Birmingham, AL · SF · 2042 · 96,278 · 3,583,919 · 0.9 · 37.22
EPA - Kansas City · Kansas City, KS · L · 2043 · 55,833 · 3,578,198 · 0.9 · 64.09
DOT - Lakewood · Lakewood, CO · O · 2039 · 116,046 · 3,402,561 · 0.9 · 29.32
VA - Chico · Chico, CA · OC · 2034 · 51,647 · 3,369,589 · 0.9 · 65.24
ICE - Charleston · North Charleston, SC · SF · 2027 · 65,124 · 3,367,934 · 0.9 · 51.72
FBI - Richmond · Richmond, VA · SF · 2041 · 96,607 · 3,360,155 · 0.9 · 34.78
FBI - Knoxville · Knoxville, TN · SF · 2028 · 99,130 · 3,330,123 · 0.9 · 33.59
DEA - Sterling · Sterling, VA · L · 2038 · 57,692 · 3,282,886 · 0.9 · 56.90
FBI - Little Rock · Little Rock, AR · SF · 2041 · 102,377 · 3,262,031 · 0.9 · 31.86
JUD - Del Rio · Del Rio, TX · C · 2041 · 89,880 · 3,197,759 · 0.8 · 35.58
DEA - Vista · Vista, CA · L · 2035 · 52,293 · 3,191,895 · 0.8 · 61.04
USCIS - Tustin · Tustin, CA · O · 2034 · 66,818 · 3,176,673 · 0.8 · 47.54
Property Name · Location · PropertyType (1) · Tenant LeaseExpiration Year (2) · LeasedSquareFeet · Annualized Lease Income · Percentage of Total Annualized Lease Income · Annualized LeaseIncome perLeased SquareFoot
Wholly Owned U.S. Government Leased Properties (Cont.)
VA - Orange · Orange, CT · OC · 2034 · 56,330 · 2,978,003 · 0.8 · 52.87
VA - Indianapolis · Brownsburg, IN · OC · 2041 · 80,000 · 2,973,092 · 0.8 · 37.16
ICE - Albuquerque · Albuquerque, NM · SF · 2027 · 71,100 · 2,870,422 · 0.8 · 40.37
SSA - Charleston · Charleston, WV · O · 2029 · 110,000 · 2,852,584 · 0.7 · 25.93
JUD - El Centro · El Centro, CA · C · 2034 · 43,345 · 2,843,404 · 0.7 · 65.60
DEA - Dallas Lab · Dallas, TX · L · 2038 · 49,723 · 2,823,425 · 0.7 · 56.78
DEA - Dallas · Dallas, TX · SF · 2041 · 71,827 · 2,818,351 · 0.7 · 39.24
Item 2 of the 10-K filed Feb 23, 2026.4
Leadership
Who has led Easterly Government Properties, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
- Chief executive officerDarrell W. Crate Jan 4, 2024 to now13
- Chief executive officerWilliam C. Trimble Aug 11, 2015 to Jan 19, 202314
- ChairDarrell W. Crate Feb 5, 2015 to Dec 14, 202315
- PresidentMeghan G. Baivier Jan 4, 2024 to Jan 19, 202416
- PresidentDarrell W. Crate Dec 23, 2024 to now17
- PresidentWilliam C. Trimble Aug 11, 2015 to Jan 19, 202314
- Chief financial officerAllison E. Marino Jan 4, 2024 to now18
- Chief financial officerMeghan G. Baivier Jan 5, 2018 to Jan 19, 202319
- Chief financial officerAlison M. Bernard Feb 5, 2015 to Feb 5, 201520
- Chief operating officerMeghan G. Baivier May 22, 2015 to Jan 19, 202421
Board members and other officers (17)
- SVP, CAOBrian M. Colantuoni May 15, 2025 to now22
- EVP, GC & SecretaryFranklin Logan V. Mar 6, 2023 to now23
- EVP, Government RelationsJohn Stuart Burns Mar 6, 2023 to Feb 7, 202424
- SVP & CAOAllison E. Marino Aug 12, 2021 to Jan 5, 202325
- EVP & CAOAlison M. Bernard May 18, 2016 to Jan 21, 202126
- EVP - Government RelationsJoseph F. Moravec Feb 5, 2015 to Feb 13, 201527
- SVP - Government RelationsRonald E. Kendall Feb 5, 2015 to Jan 19, 202328
- OfficerWilliam C. Trimble Feb 5, 2015 to Feb 5, 201529
- EVP - Dev. and AcquisitionsMichael P. Ibe Feb 12, 2015 to now30
- Board memberDarrell W. Crate Jan 4, 2024 to now13
- Board memberTara S. Innes Feb 25, 2020 to now31
- Board memberScott D. Freeman May 13, 2020 to now32
- Board memberWilliam C. Trimble Feb 5, 2015 to Jan 19, 202329
- Board memberCynthia A. Fisher Feb 12, 2015 to now33
- Board memberJames E. Mead Feb 12, 2015 to Mar 4, 202034
- Board memberMichael P. Ibe Feb 12, 2015 to now30
- Board memberWilliam H. Binnie Feb 12, 2015 to now35
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- 5740 University Heights, LLC Delaware3
- EGP 1000 Birmingham LLC Delaware3
- EGP 1065 Anaheim LLC Delaware3
- EGP 10749 Lenexa LLC Delaware3
- EGP 10824 Dallas General Partner LLC Delaware3
- EGP 10824 Dallas LP Delaware3
- EGP 111 Jackson LLC Delaware3
- EGP 11201 Lenexa LLC Delaware3
- EGP 116 Suffolk LLC Delaware3
- EGP 1200 Washington LLC Delaware3
- EGP 1201 Alameda LLC Delaware3
- EGP 1201 Portland LLC Delaware3
- EGP 130 Buffalo LLC Delaware3
- EGP 1300 Fresno LLC Delaware3
- EGP 14101 Tustin LLC Delaware3
- EGP 1440 Upper Marlboro LLC Delaware3
- EGP 1500 Atlanta LLC Delaware3
- EGP 1501 Knoxville LLC Delaware3
- EGP 1535 Flagstaff LLC Delaware3
- EGP 1540 South Bend LLC Delaware3
- EGP 1547 Tracy LLC Delaware3
- EGP 17101 Broomfield LLC Delaware3
- EGP 17455 Aurora LLC Delaware3
- EGP 1777 Atlanta LLC Delaware3
All 123 listed subsidiaries
- EGP 188 Williston LLC Delaware3
- EGP 1970 Richmond LLC Delaware3
- EGP 1973 Ogden LLC Delaware3
- EGP 200 Albany LLC Delaware3
- EGP 200 Mobile LLC Delaware3
- EGP 2146 Council Bluffs LLC Delaware3
- EGP 22624 Sterling LLC Delaware3
- EGP 2297 Otay LLC Delaware3
- EGP 2300 Des Plaines LLC Delaware3
- EGP 2400 Newport News LLC Delaware3
- EGP 26001 Loma Linda LLC Delaware3
- EGP 2901 New Orleans LLC Delaware3
- EGP 320 Clarksburg LLC Delaware3
- EGP 320 Parkersburg LLC Delaware3
- EGP 3311 Pittsburgh LLC Delaware3
- EGP 40 Bedford LLC Delaware3
- EGP 40 Bedford Lender LLC Delaware3
- EGP 401 South Bend LLC Delaware3
- EGP 4065 Beavercreek LLC Delaware3
- EGP 4136 North Charleston LLC Delaware3
- EGP 4411 Omaha LP Delaware3
- EGP 4444 Mobile LLC Delaware3
- EGP 4500 Lincoln LLC Delaware3
- EGP 500 Charleston LLC Delaware3
- EGP 5425 Salt Lake LLC Delaware3
- EGP 5441 Albuquerque LLC Delaware3
- EGP 5525 Tampa LLC Delaware3
- EGP 555 Golden LLC Delaware3
- EGP 557 Brownsburg LLC Delaware3
- EGP 5855 San Jose LLC Delaware3
- EGP 601 Omaha LLC Delaware3
- EGP 6060 Greenwood Village LLC Delaware3
- EGP 654 Louisville LLC Delaware3
- EGP 660 El Paso General Partner LLC Delaware3
- EGP 660 El Paso LP Delaware3
- EGP 6643 Orlando LLC Delaware3
- EGP 7400 Bakersfield LLC Delaware3
- EGP 7968 Baton Rouge LLC Delaware3
- EGP 8222 Irving LLC Delaware3
- EGP 836 Birmingham LLC Delaware3
- EGP 9181 Baton Rouge LLC Delaware3
- EGP 9495 Orlando LLC Delaware3
- EGP CBP Savannah LLC Delaware3
- EGP CH Aberdeen LLC Delaware3
- EGP CH El Centro LLC Delaware3
- EGP Cary LLC Delaware3
- EGP Chico LLC Delaware3
- EGP DEA Lab Dallas General Partner LLC Delaware3
- EGP DEA Lab Dallas LP Delaware3
- EGP DEA North Highlands LLC Delaware3
- EGP DEA Pleasanton LLC Delaware3
- EGP DEA Riverside LLC Delaware3
- EGP DEA Santa Ana LLC Delaware3
- EGP DEA Vista LLC Delaware3
- EGP DEA WH San Diego LLC Delaware3
- EGP Fort Myers LLC Delaware3
- EGP Glen Allen LLC Delaware3
- EGP Hunter Lubbock LP Delaware3
- EGP Lubbock GP LLC Delaware3
- EGP Medbase Investor LLC Delaware3
- EGP Northgate Medford LLC Delaware3
- EGP SSA San Diego LLC Delaware3
- EGP TRS LLC Delaware3
- EGP USCIS Lincoln LLC Delaware3
- EGP West Haven LLC Delaware3
- Easterly Government Properties LP Delaware3
- Easterly Government Properties Services LLC Delaware3
- Easterly Government Properties TRS LLC Delaware3
- Easterly Partners, LLC Delaware3
- Orange VA, LLC Delaware3
- Seagate Alico South LLC Delaware3
- USGP Albany DEA, LLC Delaware3
- USGP Albuquerque USFS I Member, LLC Delaware3
- USGP Albuquerque USFS I, LLC Delaware3
- USGP Albuquerque USFS II Member, LLC Delaware3
- USGP Albuquerque USFS II, LLC Delaware3
- USGP Dallas 1 G.P., LLC Delaware3
- USGP Dallas DEA LP Delaware3
- USGP Dallas, LLC Delaware3
- USGP Del Rio 1, G.P., LLC Delaware3
- USGP Del Rio 1, LLC Delaware3
- USGP Del Rio CH LP Delaware3
- USGP Fresno IRS Member, LLC Delaware3
- USGP Fresno IRS, LLC Delaware3
- USGP II Arlington PTO General Partner LLC Delaware3
- USGP II Arlington PTO LP Delaware3
- USGP II Charleston ICE General Partner LLC Delaware3
- USGP II Charleston ICE LP Delaware3
- USGP II Lakewood DOT General Partner LLC Delaware3
- USGP II Lakewood DOT LP Delaware3
- USGP II Little Rock FBI General Partner LLC Delaware3
- USGP II Little Rock FBI LP Delaware3
- USGP II Martinsburg USCG General Partner LLC Delaware3
- USGP II Martinsburg USCG LP Delaware3
- USGP II Omaha FBI General Partner LLC Delaware3
- USGP San Antonio GP, LLC Delaware3
- USGP San Antonio, LP Delaware3
- WI Loma Linda LLC Delaware3
- West Indy VA LLC Delaware3
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Timeline
- Aug 5, 20268-K Other events36
- Aug 3, 20268-K Results of operations37
- Jun 30, 20268-K Entered a material agreement; New debt or obligation; Regulation FD disclosure38
- Apr 27, 20268-K Results of operations39
- Apr 24, 20268-K Executive or director change; Shareholder vote40
- Feb 23, 20268-K Results of operations41
- Oct 27, 20258-K Results of operations42
- Aug 28, 20258-K Executive or director change43
- Aug 21, 20258-K Entered a material agreement; New debt or obligation; Regulation FD disclosure44
- Aug 5, 20258-K Results of operations45
- May 23, 20258-K Shareholder vote46
- May 20, 20258-K Executive or director change47
- Jan 4, 2024New chief executive Darrell W. Crate becomes CEO13
- Aug 11, 2015New chief executive William C. Trimble becomes CEO14
Calendar
Coming up
- Oct 26, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported $0.76 a share, on Oct 27, 2025.48
When it reported results
- Aug 3, 2026Reported quarterly or annual results37
- Apr 27, 2026Reported quarterly or annual results39
- Feb 23, 2026Reported quarterly or annual results41
- Oct 27, 2025Reported quarterly or annual results42
- Aug 5, 2025Reported quarterly or annual results45
- Apr 29, 2025Reported quarterly or annual results49
- Feb 25, 2025Reported quarterly or annual results50
- Nov 5, 2024Reported quarterly or annual results51
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
218 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 47 major events, 107 insider forms, 22 large holders, 22 other. The latest 20:
- Aug 5, 20268-K EDGAR
- Aug 4, 2026424B5 EDGAR
- Aug 3, 202610-Q EDGAR
- Aug 3, 20268-K EDGAR
- Jun 30, 20268-K EDGAR
- May 22, 20264 EDGAR
- Apr 30, 20264 EDGAR
- Apr 30, 20264 EDGAR
- Apr 30, 20264 EDGAR
- Apr 30, 20264 EDGAR
- Apr 30, 20264 EDGAR
- Apr 29, 2026SCHEDULE 13G EDGAR
- Apr 28, 2026S-8 EDGAR
- Apr 27, 202610-Q EDGAR
- Apr 27, 20268-K EDGAR
- Apr 24, 20268-K EDGAR
- Mar 26, 2026SCHEDULE 13G/A EDGAR
- Mar 23, 2026ARS EDGAR
- Mar 23, 2026DEF 14A EDGAR
- Feb 26, 20264 EDGAR
The 218 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
12 open-market trades by officers, directors and large owners since October 2021: 4 buys and 8 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Dec 23, 2024 | Crate Darrell WPresident & CEO | Buy | 10,000 | $10.91 | $109.1K | Form 4 |
| Dec 23, 2024 | Crate Darrell WPresident & CEO | Buy | 10,000 | $10.91 | $109.1K | Form 4 |
| Nov 27, 2024 | Fisher Cynthia ADirector | Buy | 629 | $12.52 | $7.9K | Form 4 |
| Dec 13, 2023 | Crate Darrell WPresident & CEO | Buy | 8,000 | $13.14 | $105.1K | Form 4 |
| Mar 29, 2022 | Trimble William C.President & CEO | Sale | 7,000 | $21.40 | $149.8K | Form 4 |
| Mar 15, 2022 | Crate Darrell WPresident & CEO | Sale | 10,406 | $20.94 | $217.9K | Form 4 |
| Mar 14, 2022 | Crate Darrell WPresident & CEO | Sale | 10,000 | $20.81 | $208.1K | Form 4 |
| Mar 11, 2022 | Crate Darrell WPresident & CEO | Sale | 155,000 | $21.10 | $3.3M | Form 4 |
| Mar 3, 2022 | Trimble William C.President & CEO | Sale | 7,000 | $21.40 | $149.8K | Form 4 |
| Jan 18, 2022 | Trimble William C.President & CEO | Sale | 7,000 | $22.47 | $157.3K | Form 4 |
| Oct 15, 2021 | Trimble William C.President & CEO | Sale | 3,400 | $21.67 | $73.7K | Form 4 |
| Oct 14, 2021 | Trimble William C.President & CEO | Sale | 5,600 | $21.50 | $120.4K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- VANGUARD PORTFOLIO MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 29, 202652
- VANGUARD GROUP INCSCHEDULE 13G/A, 5 filings Feb 9, 2022 to Mar 26, 202653
- Global X Management CO LLCSCHEDULE 13G/A, 2 filings May 15, 2025 to Aug 14, 202554
- State Street CorporationSCHEDULE 13G, 4 filings Feb 11, 2022 to Aug 11, 202555
- BlackRockSCHEDULE 13G/A, 9 filings Jan 26, 2022 to Jul 18, 202556
- Michael P. IbeSC 13D, 1 filing Nov 13, 202357
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Darrell W. Crate | 59 | $825.0K | $10.3M58 |
| 2025 | Michael P. Ibe | 79 | $625.0K | $4.6M58 |
| 2025 | Allison E. Marino | 42 | $500.0K | $2.6M58 |
| 2025 | Franklin V. Logan | 56 | $450.0K | $1.1M58 |
| 2024 | President and | $800.0K | $4.6M58 | |
| 2024 | Director, Vice Chairmanof the Board of Directors | $600.0K | $2.8M58 | |
| 2024 | Executive VicePresident, | $425.0K | $1.1M58 | |
| 2023 | and Executive Vice | $575.0K | $2.7M58 | |
| 2023 | Chief Executive Officer | $575.0K | $2.7M58 | |
| 2023 | Chief Financial Officer | $385.0K | $726.5K58 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Easterly Government Properties, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGAREasterly Government Properties, Inc.1
- CIK0001622194
- Employer ID (EIN)47-20477284
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
- Incorporated inMaryland4
- Fiscal year endsDecember 311
- Industry code (SIC)6798 Real Estate Investment Trusts1
- SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
- Business address2001 K Street Nw, Suite 775 North, Washington, DC 200061
- Phone(202) 595-95001
- Shares outstanding47,321,617 as of Jul 27, 202611
- Public float$946.0M as of Jun 30, 20254
- AuditorPricewaterhouseCoopers LLP, Boston, Massachusetts PCAOB ID 238; it also attests to the company’s internal control over financial reporting4
- On EDGAR sinceOct 17, 20141
- Filings608 in all: 4 (277), 8-K (114), SC 13G/A (37), 10-Q (35), 424B5 (23), 3 (18), 10-K (12), DEF 14A (11)1
All 35 form types
SC 13G (11), 8-K/A (8), CORRESP (6), DEFA14A (6), UPLOAD (5), ARS (4), S-8 (4), SCHEDULE 13G (4), SCHEDULE 13G/A (4), 424B7 (3), EFFECT (3), S-11/A (3), S-3ASR (3), 5 (2), S-3 (2), SC 13D (2), 10-Q/A (1), 4/A (1), 424B4 (1), 8-A12B (1), CERTNYS (1), DRS (1), DRS/A (1), DRSLTR (1), PRE 14A (1), S-11 (1), SC 13D/A (1)
- Latest filingsAnnual report (10-K) Feb 23, 2026
Quarterly report (10-Q) Aug 3, 2026
Proxy statement (DEF 14A) Mar 23, 2026
Latest 8-K (8-K) Aug 5, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock | DEA | New York Stock Exchange |
From the cover page of the 10-K filed Feb 23, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks Easterly Government Properties, Inc. names in Item 1A of its 10-K filed Feb 23, 2026: 71 risks under these headings, as written.4
- Risks Related to our Business and Operations
- We depend on the U.S. Government and its agencies for approximately 90% of our revenues and any failure by the U.S. Government and its agencies to perform their obligations under their leases or renew their leases upon expiration could have a material adverse effect on our business, financial condition and results of operations.
- We may be unable to renew leases or lease vacating space on favorable terms or at all as leases expire, which could adversely affect our business, financial condition and results of operations.
- We are exposed to risks associated with property development and redevelopment, including new developments for anticipated tenant agencies and build-to-suit renovations for existing tenant agencies.
- Unfavorable market and economic conditions in the United States and globally could adversely affect occupancy levels, rental rates, rent collections, operating expenses and the overall market value of our assets and have a material adverse effect on our business, financial condition and results of operations.
- Our properties are leased to a limited number of U.S. Government tenant agencies, and a change to any of these agencies’ missions could have a material adverse effect on our business, financial condition and results of operations.
- Some of our leases with U.S. Government tenant agencies permit the tenant agency to vacate the property and discontinue paying rent prior to their lease expiration date.
- We currently have a concentration of properties located in California and are exposed to changes in market conditions and natural disasters in this state.
- We are subject to risks from natural disasters and climate change.
- Any future pandemic, epidemic or outbreak of any highly infectious disease could have an adverse effect on our business, financial condition, results of operations and cash flows.
- A U.S. Government tenant agency could institute condemnation proceedings against us and seek to take our property, or a leasehold interest therein, through its power of eminent domain.
- The impact of prolonged government shutdowns and budgetary reductions or impasses could have a material adverse effect on our business, financial condition and results of operations.
The other 60 risks
- An increase in the amount of U.S. Government-owned real estate may adversely affect us.
- We may be required to make significant capital expenditures to improve our properties in order to retain and attract tenants, including U.S. Government tenant agencies.
- Capital and credit market conditions may adversely affect our access to various sources of capital or financing or the cost of capital, which could impact our business activities, dividends, earnings and common stock price, among other things.
- We may be unable to identify and successfully complete acquisitions and, even if acquisitions are identified and completed, completed acquisitions may not achieve the intended benefits or may disrupt our plans and operations.
- Certain of our properties are leased to private tenants and we may be unable to collect balances due from private tenants that file for bankruptcy protection.
- Because our principal tenants are agencies of the U.S. Government, our properties have a higher risk of terrorist attack and are more likely to be the site of civil unrest than similar properties leased to non-governmental tenants.
- Competition could limit our ability to acquire attractive investment opportunities and to attract and retain tenants.
- We may be subject to increased costs of insurance and limitations on coverage, particularly regarding acts of terrorism.
- We may become subject to liability relating to environmental and health and safety matters, which could have a material adverse effect on our business, financial condition and results of operations.
- Failure to comply with U.S. Government contractor requirements could result in substantial costs and loss of substantial revenue.
- Our development activities may be subject to risks relating to various local, state and federal statutes, ordinances, rules and regulations concerning zoning, building design, construction and similar matters, including local regulations that impose restrictive zoning requirements.
- Failure to comply with the Americans with Disabilities Act and other similar regulations could result in substantial costs.
- Real estate investments are relatively illiquid and may limit our flexibility.
- Debt and preferred equity investments could cause us to incur expenses, which could adversely affect our results of operations.
- Our properties may be subject to impairment charges.
- We may be subject to unknown or contingent liabilities related to properties or businesses that we have acquired or may acquire in the future for which we may have limited recourse against the sellers.
- We may need to borrow funds or dispose of assets to meet our distribution requirements.
- Our subsidiaries may be prohibited from making distributions and other payments to us.
- Our existing tax protection agreements, and any similar agreements that we enter into in the future, could limit our flexibility with respect to selling or otherwise disposing of properties contributed to our operating partnership.
- We are subject to risks involved in real estate activity through joint ventures.
- Risks Related to Our Organization and Structure
- The ability of stockholders to control our policies and effect a change of control of our company is limited by certain provisions of our charter and bylaws and by Maryland law.
- Certain provisions in the partnership agreement of our operating partnership may delay or prevent acquisitions of us.
- We may decide to change our investment strategy without stockholder approval and acquire and develop properties outside of our target market, which could have a material adverse effect on our business, financial condition and results of operations.
- Our board of directors may change our policies without stockholder approval.
- Our rights and the rights of our stockholders to take action against our directors and officers are limited, which could limit your recourse in the event of actions that you do not believe are in your best interests.
- Conflicts of interest may exist or could arise in the future between the interests of our stockholders and the interests of holders of common units, which may impede business decisions that could benefit our stockholders.
- We do not own the Easterly name, but have entered into a license agreement with Easterly Capital, LLC (“Easterly Capital”) consenting to our use of the Easterly logo and name. Use of the name by other parties or the termination of our license agreement may have a material adverse effect on our business, financial condition and results of operations.
- Risks Related to Our Indebtedness and Financing
- We have a substantial amount of indebtedness that may limit our financial and operating activities and may adversely affect our ability to incur additional debt to fund future needs.
- We may be unable to refinance current or future indebtedness on favorable terms, if at all.
- We may not have sufficient cash flow to meet the required payments of principal and interest on our debt or to pay distributions on our shares at expected levels.
- Certain of our debt agreements include restrictive covenants, requirements to maintain financial ratios and default provisions, which could limit our flexibility, limit our ability to make distributions and require us to repay the indebtedness prior to its maturity.
- Variable rate debt is subject to interest rate risk that could increase our interest expense, increase the cost to refinance and increase the cost of issuing new debt.
- Hedging activity may expose us to risks, including the risks that a counterparty will not perform and that the hedge will not yield the economic benefits we anticipate, which could adversely affect us.
- Complying with REIT requirements may limit our ability to hedge effectively and may cause us to incur tax liabilities.
- Mortgage debt obligations expose us to the possibility of foreclosure, which could result in the loss of our investment in a property or group of properties subject to mortgage debt.
- High mortgage rates or unavailability of mortgage debt may make it difficult for us to finance or refinance properties, which could reduce the number of properties we can acquire, our net income and the amount of cash distributions we can make.
- Risks Related to Our Common Stock
- The market price and trading volume of our common stock may be volatile.
- The form, timing or amount of dividend distributions in future periods may vary and be impacted by economic and other considerations.
- We cannot guarantee that we will repurchase our common stock pursuant to our share repurchase program or that our share repurchase program will enhance long-term stockholder value. Share repurchases could also increase the volatility of the price of our common stock and could diminish our cash reserves.
- The number of shares available for future sale could adversely affect the market price of our common stock.
- Risks Related to Our Status as a REIT
- Failure to qualify or to maintain our qualification as a REIT would have significant adverse consequences to the value of our common stock.
- We may owe certain taxes notwithstanding our qualification as a REIT.
- If our operating partnership is treated as a corporation for U.S. federal income tax purposes, we will cease to qualify as a REIT.
- Our REIT status may depend on the REIT status of an Easterly Fund REIT.
- Dividends payable by REITs generally do not qualify for reduced tax rates applicable to non-corporate taxpayers.
- A portion of our distributions may be treated as a return of capital for U.S. federal income tax purposes, which could reduce the basis of a stockholder’s investment in shares of our common stock and, if greater than such basis, may trigger taxable gain.
- Complying with the REIT requirements may cause us to forego otherwise attractive opportunities or liquidate certain of our investments.
- We may be subject to a 100% penalty tax on any prohibited transactions that we enter into, or may be required to forego certain otherwise beneficial opportunities in order to avoid the penalty tax on prohibited transactions.
- REIT distribution requirements could adversely affect our liquidity and our ability to execute our business plan.
- The ability of our board of directors to revoke our REIT qualification without stockholder approval may cause adverse consequences to our stockholders.
- Our ability to provide certain services to our tenants may be limited by the REIT rules, or may have to be provided through a TRS.
- Although our use of TRSs may partially mitigate the impact of meeting certain requirements necessary to maintain our qualification as a REIT, there are limits on our ability to own and engage in transactions with TRSs, and a failure to comply with the limits would jeopardize our REIT qualification and may result in the application of a 100% excise tax.
- We may face risks in connection with Section 1031 exchanges.
- The partnership audit rules may alter who bears the liability in the event any subsidiary partnership (such as our operating partnership) is audited and an adjustment is assessed.
- Possible legislative, regulatory or other actions could adversely affect our stockholders and us.
- General Risk Factors
- We depend on the members of our senior management team and the loss of any of their services, or an inability to attract and retain highly qualified personnel, could have a material adverse effect on our business, financial condition and results of operations.
- We may from time to time be subject to litigation, which could have a material adverse effect on our business, financial condition and results of operations.
- We rely on information technology (“IT”) in our operations and any material failure, inadequacy, interruption or security failure of that technology could harm our business.
- Artificial generative intelligence technologies present risks related to the control of our proprietary business information, keeping such information confidential, and emerging regulatory risk, any or all of which may adversely affect our business and results of operations.
- If there are deficiencies in our disclosure controls and procedures or internal control over financial reporting, we may not be able to accurately present our financial statements, which could materially and adversely affect us, including our business, reputation, results of operations, financial condition or liquidity.
Legal proceedings
We are not currently involved in any material litigation nor, to our knowledge, is any material litigation threatened against us.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 6
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- 15SEC EDGARDarrell W. Crate, Chair
- 16SEC EDGARMeghan G. Baivier, President
- 17SEC EDGARDarrell W. Crate, President
- 18
- 19
- 20
- 21
- 22SEC EDGARBrian M. Colantuoni, SVP, CAO
- 23
- 24
- 25SEC EDGARAllison E. Marino, SVP & CAO
- 26SEC EDGARAlison M. Bernard, EVP & CAO
- 27
- 28
- 29SEC EDGARWilliam C. Trimble, Officer
- 30
- 31SEC EDGARTara S. Innes, Board member
- 32SEC EDGARScott D. Freeman, Board member
- 33SEC EDGARCynthia A. Fisher, Board member
- 34SEC EDGARJames E. Mead, Board member
- 35SEC EDGARWilliam H. Binnie, Board member
- 36SEC EDGAROther events
- 37SEC EDGARResults of operations
- 38
- 39SEC EDGARResults of operations
- 40
- 41SEC EDGARResults of operations
- 42SEC EDGARResults of operations
- 43SEC EDGARExecutive or director change
- 44
- 45SEC EDGARResults of operations
- 46SEC EDGARShareholder vote
- 47SEC EDGARExecutive or director change
- 48NasdaqNasdaq calendar
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