DEA News & Events

Easterly Government Properties announced the closing of a new five-year $200M senior unsecured term loan facility. The Term Loan includes an accordion feature that allows the Company to increase commitments by up to $50M, subject to certain conditions, for a total facility size of $250M. The Term Loan will mature in June 2031. The Company intends to use the net proceeds from the Term Loan to repay borrowings outstanding under its unsecured $400M revolving credit facility and for general corporate purposes.

Had previously seen 2026 core FFO $3.05-$3.12. Consensus $3.10.

Reports Q1 revenue $91.55M vs. $78.7M last year. "We entered 2026 with clear priorities, and the first quarter demonstrates progress toward them," said Darrell Crate, President & CEO of Easterly Government Properties. "Stable operating performance and the successful execution of our first mezzanine investment highlight our strategic approach to capital allocation and earnings growth."