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Easterly Government Properties, Inc. focuses primarily on the acquisition, development and management of Class A commercial properties that are leased to the U.S. Government. Easterly's experienced management team brings specialized insight into the strategy and needs of mission-critical U.S. Government agencies for properties leased to such agencies either directly or through the U.S. General Services Administration (GSA). Easterly Government Properties, Inc. was incorporated in 2011 in Maryland. Easterly Government Properties, Inc. is based in Washington, D.C.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $336M | $202M | $13M | $259M | 1.0% | 11.3% | -33.5% |
| 2024 | $302M | $179M | $20M | $163M | 1.5% | 5.2% | 4.0% |
| 2023 | $287M | $162M | $19M | $114M | 1.4% | -2.2% | -40.3% |
| 2022 | $294M | $181M | $31M | $126M | 2.5% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 293.61 | 287.23 | 302.05 | 336.10 |
| Cost Of Revenue | - | 97.68 | 102.42 | 101.08 | 111.41 |
| Gross Profit | - | 195.92 | 184.80 | 200.98 | 224.69 |
| Operating Expense | - | 123.04 | 118.41 | 122.31 | 139.49 |
| Operating Income | - | 72.89 | 66.39 | 78.67 | 85.20 |
| EBITDA | - | 181.19 | 161.52 | 179.34 | 201.91 |
| EBIT | - | 82.94 | 70.23 | 83.01 | 88.01 |
| Pretax Income | - | 35.56 | 21.06 | 20.58 | 13.56 |
| Net Income | - | 31.47 | 18.80 | 19.55 | 13 |
| Net Income Common Stockholders | - | 30.93 | 18.20 | 19 | 12.32 |
| Total Expenses | - | 220.72 | 220.84 | 223.38 | 250.90 |
| Interest Expense | - | 47.38 | 49.17 | 62.43 | 74.45 |
| Selling General And Administration | - | 24.78 | 27.12 | 24.45 | 26.04 |
| Normalized EBITDA | - | 174.51 | 163.18 | 181.05 | 205.87 |
| Normalized Income | - | 26.20 | 20.12 | 20.90 | 16.14 |
| Market Cap | 1,090.16 | 1,090.16 | 1,090.16 | 1,090.16 | 1,090.16 |
Real Estate sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Easterly Government Properties, Inc.this co. | DEA | $1.1B | 83.84↑ premium | 0.82 | 1.0% | 13.54 |
| Saul Centers, Inc. | BFS | $1.2B | 22.55 | 6.89 | 30.5% | 13.88 |
| Franklin BSP Realty Trust, Inc. | FBRT | $1.2B | 8.55 | 0.59 | 7.0% | 50.59 |
| Centerspace | CSR | $1.1B | 63.46 | 1.55 | 2.4% | 11.64 |
| Safehold Inc. | SAFE |
| 2021 | - | - | - | - | - | - | - |
| $1.1B |
| 10.03 |
| 0.48 |
| 4.8% |
| 16.77 |
| Chimera Investment Corporation | CIM | $1.1B | 7.88 | 0.44 | 9.0% | - |
| Adamas Trust, Inc. | ADAM | $1.1B | 4.83 | 0.81 | 16.8% | - |
| MFA Financial, Inc. | MFA | $1.0B | 7.82 | 0.57 | 9.7% | - |
| Piedmont Realty Trust, Inc. | PDM | $1.0B | - | 0.68 | -5.6% | 12.43 |
| Peer Median | - | 8.55 | 0.64 | 8.0% | 13.88 | |