Quarterly ResultApr 27, 2026, 06:51 AM
DEA Q1 Core FFO $0.77/share; FY26 Guidance Raised to $3.06-$3.12
AI Summary
Easterly Government Properties, Inc. reported strong first quarter 2026 results with Core FFO of $0.77 per share and net income of $0.03 per share. The company raised the lower end of its full-year 2026 Core FFO guidance to a range of $3.06 - $3.12 per share. Strategic activities included the acquisition of a 297,713 square foot campus in Virginia and a $7.0 million mezzanine construction loan, alongside a declared quarterly dividend of $0.45 per share.
Key Highlights
- Q1 2026 Core FFO of $0.77 per share on a fully diluted basis.
- Q1 2026 Net income of $1.4 million, or $0.03 per share on a fully diluted basis.
- Raised full-year 2026 Core FFO guidance to a range of $3.06 - $3.12 per share.
- Acquired a 297,713 square foot campus near Richmond, Virginia, leased primarily to the Commonwealth of Virginia.
- Entered into a $7.0 million mezzanine construction loan agreement accruing interest at 12.00% per annum.
- Declared a Q1 2026 cash dividend of $0.45 per common share, payable May 21, 2026.
- Issued 94,170 common shares for net proceeds of approximately $2.1 million.
- Portfolio comprises 106 operating properties (10.7M sq ft) and three properties in development (0.2M sq ft).