StockWatch
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Real Estate Investment Trusts
Quarterly ResultAug 3, 2026, 04:39 PM

Easterly Government Properties Q2 Revenue Up 9.7%; Net Income Down 25.1%

AI Summary

Easterly Government Properties reported a 9.7% increase in total revenues to $92.42 million for the second quarter of 2026, driven by higher rental income. However, net income available to common stockholders decreased by 25.1% to $3.05 million, resulting in basic EPS of $0.06, down from $0.09 in the prior year quarter. For the first half of 2026, net cash provided by operating activities increased by 15.4% to $71.92 million, while the company also acquired three properties for $44.6 million and secured a new $200.0 million term loan facility.

Key Highlights

  • Q2 2026 total revenues increased 9.7% to $92.42 million.
  • Q2 2026 net income available to common stockholders decreased 25.1% to $3.05 million.
  • Q2 2026 basic EPS was $0.06, down from $0.09 in Q2 2025.
  • Net cash provided by operating activities for H1 2026 rose 15.4% to $71.92 million.
  • Dividends declared per common share for Q2 2026 remained $0.45.
  • Acquired three operating properties for $44.6 million during H1 2026.
  • Entered into a new $200.0 million senior unsecured 2026 term loan facility.