Easterly (DEA) Q2 Revenue Jumps 10%
Easterly Government Properties (NYSE:DEA), a real estate investment trust focused on leasing properties to U.S. Government agencies, released its second quarter 2025 financial results on August 5, 2025. The headline news: while GAAP earnings per share (EPS) came in at $0.09, the company delivered Core Funds From Operations (Core FFO) per share of $0.74, far ahead of expectations, as non-GAAP EPS of $0.74 exceeded the analysts' estimate of $0.115 by $0.625 or 543.5%. GAAP revenue rose to $84.2 million, beating the $80.6 million GAAP consensus. Management characterized the period as one of continued stability and growth, highlighting strong leasing, accretive acquisitions, and robust development activity, even as property expenses and debt service costs edged higher.
Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report.
Easterly Government Properties specializes in owning, acquiring, and developing Class A office buildings and specialized facilities leased primarily to agencies of the U.S. Government. More than 90% of its income comes from tenants such as the General Services Administration (GSA), Department of Homeland Security, and state-level government agencies, with U.S. Government tenant agencies accounting for 93.3% of annualized lease income as of December 31, 2024. Over 95% of lease income comes from federal government tenants in firm-term, non-cancelable leases backed by strong government credit.
Source Fool.com
