Quarterly ResultApr 27, 2026, 04:35 PM
DEA Q1 Net Income $1.37M, EPS $0.02; Rental Income $88.6M
AI Summary
Easterly Government Properties, Inc. reported its Q1 2026 financial results, showing a decrease in net income available to common stockholders to $1.37 million ($0.02 EPS) from $3.13 million ($0.07 EPS) in Q1 2025. Despite the profit decline, total revenues increased to $91.55 million from $78.68 million year-over-year, primarily driven by higher rental income. The company also acquired three operating properties for $44.6 million and declared a dividend of $0.45 per common share, down from $0.66 in the prior year.
Key Highlights
- Net income available to DEA decreased to $1.37M in Q1 2026 from $3.13M in Q1 2025.
- Basic EPS fell to $0.02 in Q1 2026 from $0.07 in Q1 2025.
- Total revenues increased to $91.55M in Q1 2026 from $78.68M in Q1 2025.
- Rental income rose to $88.59M in Q1 2026 from $75.55M in Q1 2025.
- Dividends declared per common share were $0.45 in Q1 2026, down from $0.66 in Q1 2025.
- Acquired three operating properties for $44.6M during Q1 2026.
- Net cash provided by operating activities was $27.34M in Q1 2026, up from $24.19M in Q1 2025.
- Total liabilities increased to $2,064.56M as of March 31, 2026, from $2,010.21M at Dec 31, 2025.
Price Impact
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