| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 92.42 | 0.9% | 9.7% |
| Total Income | 92.42 | 0.9% | 9.7% |
| Expenditure | 70.43 | 1.7% | 12.0% |
| PBT | — | ||
| Net Profit | 3.05 | 122.6% | 25.1% |
| OPM | — | ||
| NPM | 3.30% | 1.81pp | 1.53pp |
| EPS | 0.06 | 200.0% | 33.3% |
Easterly Government Properties Reports Q2 2026 Results
03 Aug 2026 · 3 Aug, 4:21 pm
Summary
Easterly Government Properties announced its second quarter 2026 results, reporting net income of $3.2 million, or $0.07 per share, and Core FFO of $37.4 million, or $0.78 per share. The company also highlighted significant capital markets activity, including closing a new $200.0 million senior unsecured term loan facility and raising approximately $18.8 million in net proceeds from share issuances. Management expressed confidence in the earnings outlook and raised the full-year 2026 Core FFO per share guidance to a range of $3.07 - $3.13.
Key Highlights
- 1
Easterly Government Properties reported net income of $3.2 million, or $0.07 per share on a fully diluted basis for the second quarter ended June 30, 2026.
- 2
Core FFO for the second quarter of 2026 was $37.4 million, or $0.78 per share on a fully diluted basis.
- 3
The Company closed a new five-year $200.0 million senior unsecured term loan facility maturing in June 2031, with an accordion feature for up to an additional $50.0 million.
- 4
Easterly Government Properties issued an aggregate of 796,943 shares of common stock, raising net proceeds of approximately $18.8 million through its ATM Program.
- 5
As of June 30, 2026, the Company's operating portfolio was 98% leased, encompassing approximately 10.7 million leased square feet.
- 6
The Company is raising its guidance for full-year 2026 Core FFO per share on a fully diluted basis to a range of $3.07 - $3.13.
Management Comments
Darrell Crate
Our second quarter demonstrates continued progress on our strategic priorities. Strong execution across the business, including in the capital markets, coupled with the durability of our portfolio, provides increased confidence in our earnings outlook and supports our decision to raise 2026 guidance.
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