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Easterly Government Properties, Inc.
American real estate investment trust, incorporated in Maryland.
Price unavailable
Last updated Oct 18, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Real Estate, Other brought in 51% of the revenue Easterly Government Properties, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Real Estate, Other | $2.3M | $3.6M | $6.0M |
| Tenant Reimbursements | $8.9M | $6.5M | $5.9M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue23¢$77.5M
- Other costs73¢$245.6M
- Profit4¢$13.0M
Out of $336.1M in revenue.3
Where each dollar of operating cash went, fiscal 2025
- Dividends paid36¢$94.6M
- Kept or used elsewhere64¢$164.6M
Out of $259.2M of cash from operations.3
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Rental income | $321.7M | $289.6M | $273.9M |
| Asset management income | $2.5M | $2.3M | $2.1M |
| Total revenues | $336.1M | $302.1M | $287.2M |
| Property operating | $77.5M | $70.2M | $72.0M |
| Real estate taxes | $33.9M | $30.9M | $30.5M |
| Depreciation and amortization | $113.9M | $96.3M | $91.3M |
| Acquisition costs | $1.4M | $1.9M | $1.7M |
| Corporate general and administrative | $26.0M | $24.4M | $27.1M |
| Provision for (recovery of) credit losses | -$445.0K | $1.5M | |
| Total expenses | $252.3M | $225.3M | $222.5M |
| Income from unconsolidated real estate venture | $6.8M | $6.1M | $5.5M |
| Interest expense, net | -$74.5M | -$62.4M | -$49.2M |
| Gain on the sale of real estate | $171.0K | ||
| Impairment loss | -$2.5M | ||
| Net income | $13.6M | $20.6M | $21.1M |
| Non-controlling interest in Operating Partnership | -$554.0K | -$1.0M | -$2.3M |
| Net income available to Easterly Government Properties, Inc. | $13.0M | $19.6M | $18.8M |
| Basic | $0.27 | $0.46 | $0.48 |
| Diluted | $0.27 | $0.46 | $0.48 |
| Basic | 44.9M shares | 41.4M shares | 37.7M shares |
| Diluted | 45.1M shares | 41.5M shares | 37.8M shares |
| Dividends declared per common share | $2.01 | $2.65 | $2.65 |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 5 quarters (quarterly), latest first.3
| Period ending | 2025-12-31 | 2025-04-30 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|---|
| Real estate properties, net | $2.7B | $2.6B | |||
| Cash and cash equivalents | $23.4M | $19.4M | |||
| Restricted cash | $10.3M | $8.5M | |||
| Tenant accounts receivable | $51.5M | $71.2M | |||
| Investment in unconsolidated real estate venture | $304.7M | $316.5M | |||
| Real estate loan receivable, net | $34.3M | $34.1M | |||
| Intangible assets, net | $183.9M | $161.4M | |||
| Interest rate swaps | $717.0K | ||||
| Prepaid expenses and other assets | $57.1M | $39.3M | |||
| Total assets | $3.4B | $3.2B | |||
| Revolving credit facility | $199.1M | $274.6M | |||
| Term loan facilities, net | $297.2M | $274.0M | |||
| Notes payable, net | $1.0B | $894.7M | |||
| Mortgage notes payable, net | $151.2M | $155.6M | |||
| Intangible liabilities, net | $12.0M | $14.9M | |||
| Deferred revenue | $219.2M | $121.0M | |||
| Interest rate swaps | $3.0M | ||||
| Accounts payable, accrued expenses and other liabilities | $109.7M | $101.3M | |||
| Total liabilities | $2.0B | $1.8B | |||
| Common stock, par value $0.01, 80,000,000 shares authorized, 46,303,469 and 43,188,224 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | $463.0K | $432.0K | |||
| Additional paid-in capital | $2.0B | $1.9B | |||
| Retained earnings | $144.9M | $131.9M | |||
| Cumulative dividends | -$776.0M | -$686.0M | |||
| Accumulated other comprehensive income | -$4.6M | $683.0K | |||
| Total stockholders' equity | $1.3B | $1.3B | |||
| Non-controlling interest in Operating Partnership | $46.4M | $66.0M | |||
| Total equity | $1.4B | $1.4B | $1.4B | $1.4B | |
| Total liabilities and equity | $3.4B | $3.2B | |||
| Common Stock, par value | $0.01 | $0.01 | $0.01 | ||
| Common Stock, shares authorized | 80.0M shares | 80.0M shares | 80.0M shares | ||
| Common Stock, shares issued | 46.3M shares | 43.2M shares | |||
| Common Stock, shares outstanding | 46.3M shares | 44.9M shares | 43.2M shares | ||
| Reclassification of reverse stock split | $600.0K | $600.0K | $500.0K |
| Period ending | 2025-12-31 | 2025-04-30 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|---|
| Real estate properties, net | $2.7B | $2.6B | |||
| Cash and cash equivalents | $23.4M | $19.4M | |||
| Restricted cash | $10.3M | $8.5M | |||
| Tenant accounts receivable | $51.5M | $71.2M | |||
| Investment in unconsolidated real estate venture | $304.7M | $316.5M | |||
| Real estate loan receivable, net | $34.3M | $34.1M | |||
| Intangible assets, net | $183.9M | $161.4M | |||
| Interest rate swaps | $717.0K | ||||
| Prepaid expenses and other assets | $57.1M | $39.3M | |||
| Total assets | $3.4B | $3.2B | |||
| Revolving credit facility | $199.1M | $274.6M | |||
| Term loan facilities, net | $297.2M | $274.0M | |||
| Notes payable, net | $1.0B | $894.7M | |||
| Mortgage notes payable, net | $151.2M | $155.6M | |||
| Intangible liabilities, net | $12.0M | $14.9M | |||
| Deferred revenue | $219.2M | $121.0M | |||
| Interest rate swaps | $3.0M | ||||
| Accounts payable, accrued expenses and other liabilities | $109.7M | $101.3M | |||
| Total liabilities | $2.0B | $1.8B | |||
| Common stock, par value $0.01, 80,000,000 shares authorized, 46,303,469 and 43,188,224 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | $463.0K | $432.0K | |||
| Additional paid-in capital | $2.0B | $1.9B | |||
| Retained earnings | $144.9M | $131.9M | |||
| Cumulative dividends | -$776.0M | -$686.0M | |||
| Accumulated other comprehensive income | -$4.6M | $683.0K | |||
| Total stockholders' equity | $1.3B | $1.3B | |||
| Non-controlling interest in Operating Partnership | $46.4M | $66.0M | |||
| Total equity | $1.4B | $1.4B | $1.4B | $1.4B | |
| Total liabilities and equity | $3.4B | $3.2B | |||
| Common Stock, par value | $0.01 | $0.01 | $0.01 | ||
| Common Stock, shares authorized | 80.0M shares | 80.0M shares | 80.0M shares | ||
| Common Stock, shares issued | 46.3M shares | 43.2M shares | |||
| Common Stock, shares outstanding | 46.3M shares | 44.9M shares | 43.2M shares | ||
| Reclassification of reverse stock split | $600.0K | $600.0K | $500.0K |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $13.6M | $20.6M | $21.1M |
| Depreciation and amortization | $113.9M | $96.3M | $91.3M |
| Straight line rent | $371.0K | -$3.0M | -$3.9M |
| Income from unconsolidated real estate venture | -$6.8M | -$6.1M | -$5.5M |
| Amortization of above- / below-market leases | -$1.8M | -$1.9M | -$2.7M |
| Amortization of unearned revenue | -$7.7M | -$6.9M | -$6.2M |
| Amortization of loan premium / discount | -$21.0K | -$675.0K | -$1.1M |
| Amortization of deferred financing costs | $3.4M | $3.0M | $2.1M |
| Amortization of lease inducements | $2.1M | $1.1M | $942.0K |
| Amortization of real estate loan origination fees | -$145.0K | -$58.0K | |
| Amortization of treasury lock settlement | $217.0K | ||
| Gain on the sale of real estate | -$171.0K | ||
| Impairment loss | $2.5M | ||
| Distributions from investment in unconsolidated real estate venture | $18.6M | $12.1M | $10.2M |
| Non-cash compensation | $6.0M | $3.2M | $5.7M |
| Provision for (recovery of) credit losses | -$445.0K | $1.5M | |
| Tenant accounts receivable | $21.0M | -$1.7M | -$3.2M |
| Prepaid expenses and other assets | -$12.4M | -$3.0M | -$5.6M |
| Real estate loan interest receivable | -$2.8M | -$1.2M | |
| Deferred revenue associated with operating leases | $106.0M | $45.2M | $5.7M |
| Principal payments on operating lease obligations | -$676.0K | -$672.0K | -$497.0K |
| Accounts payable, accrued expenses and other liabilities | $4.3M | $4.9M | $6.1M |
| Net cash provided by operating activities | $259.2M | $162.6M | $114.5M |
| Real estate acquisitions and deposits | -$180.0M | -$188.1M | -$63.4M |
| Additions to operating properties | -$34.1M | -$35.4M | -$28.1M |
| Additions to development properties | -$76.6M | -$116.0M | -$17.8M |
| Proceeds from sale of operating properties, net | $3.5M | $2.2M | |
| Distributions from investment in unconsolidated real estate venture | $2.0M | $103.0K | |
| Investment in unconsolidated real estate venture | -$40.1M | -$17.7M | |
| Repayments of real estate loan receivable | $16.2M | ||
| Investment in real estate loan receivable, net | -$14.2M | -$34.2M | |
| Net cash used in investing activities | -$285.3M | -$409.6M | -$127.0M |
| Payment of deferred financing costs | -$4.9M | -$7.9M | |
| Issuance of common shares | $63.6M | $71.8M | $86.5M |
| Credit facility draws | $342.5M | $617.5M | $198.2M |
| Credit facility repayments | -$418.0M | -$422.0M | -$184.8M |
| Term loan draws | $25.5M | $50.0M | |
| Term loan repayments | -$25.5M | ||
| Issuance of notes payable | $125.0M | $200.0M | |
| Treasury lock settlement | -$1.9M | ||
| Repayments of mortgage notes payable | -$4.6M | -$64.3M | -$20.0M |
| Dividends and distributions paid | -$94.6M | -$115.9M | -$112.4M |
| Payment of offering costs | -$673.0K | -$916.0K | -$397.0K |
| Net cash provided by financing activities | $31.9M | $252.9M | $17.2M |
| Net increase in Cash and cash equivalents and Restricted cash | $5.8M | $5.9M | $4.7M |
| Cash paid for interest, net of capitalized interest | $69.2M | $57.2M | $47.5M |
| Capitalized interest | $9.9M | $4.7M | $1.5M |
| Deferred financing accrued, not paid | $30.0K | ||
| Offering costs accrued, not paid | $3.0K | $21.0K | $16.0K |
| Unrealized loss on treasury locks and interest rate swaps, net | -$5.5M | -$1.3M | -$2.0M |
| Deferred asset acquisition costs accrued, not paid | $14.0K | ||
| Properties acquired for common units | $219.0K | ||
| Contingent consideration accrued, not received | $41.0K | ||
| Right-of-use asset and liability adjustment due to remeasurement | $1.8M | ||
| Non-controlling interest in Operating Partnership | -$10.5M | -$18.8M | -$78.4M |
| Common stock | $6.0K | $14.0K | $59.0K |
| Additional paid-in capital | $10.5M | $18.8M | $78.3M |
No quarter-by-quarter statement was filed.
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Leadership
Who has led Easterly Government Properties, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
- Chief executive officerDarrell W. Crate Jan 4, 2024 to now11
- Chief executive officerWilliam C. Trimble Aug 11, 2015 to Jan 19, 202312
- ChairDarrell W. Crate Feb 5, 2015 to Dec 14, 202313
- PresidentMeghan G. Baivier Jan 4, 2024 to Jan 19, 202414
- PresidentDarrell W. Crate Dec 23, 2024 to now15
- PresidentWilliam C. Trimble Aug 11, 2015 to Jan 19, 202312
- Chief financial officerAllison E. Marino Jan 4, 2024 to now16
- Chief financial officerMeghan G. Baivier Jan 5, 2018 to Jan 19, 202317
- Chief financial officerAlison M. Bernard Feb 5, 2015 to Feb 5, 201518
- Chief operating officerMeghan G. Baivier May 22, 2015 to Jan 19, 202419
Board members and other officers (17)
- SVP, CAOBrian M. Colantuoni May 15, 2025 to now20
- EVP, GC & SecretaryFranklin Logan V. Mar 6, 2023 to now21
- EVP, Government RelationsJohn Stuart Burns Mar 6, 2023 to Feb 7, 202422
- SVP & CAOAllison E. Marino Aug 12, 2021 to Jan 5, 202323
- EVP & CAOAlison M. Bernard May 18, 2016 to Jan 21, 202124
- EVP - Government RelationsJoseph F. Moravec Feb 5, 2015 to Feb 13, 201525
- SVP - Government RelationsRonald E. Kendall Feb 5, 2015 to Jan 19, 202326
- OfficerWilliam C. Trimble Feb 5, 2015 to Feb 5, 201527
- EVP - Dev. and AcquisitionsMichael P. Ibe Feb 12, 2015 to now28
- Board memberDarrell W. Crate Jan 4, 2024 to now11
- Board memberTara S. Innes Feb 25, 2020 to now29
- Board memberScott D. Freeman May 13, 2020 to now30
- Board memberWilliam C. Trimble Feb 5, 2015 to Jan 19, 202327
- Board memberCynthia A. Fisher Feb 12, 2015 to now31
- Board memberJames E. Mead Feb 12, 2015 to Mar 4, 202032
- Board memberMichael P. Ibe Feb 12, 2015 to now28
- Board memberWilliam H. Binnie Feb 12, 2015 to now33
Timeline
Filings
216 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 47 major events, 107 insider forms, 20 large holders, 22 other. The latest 20:
- Aug 5, 20268-K EDGAR
- Aug 4, 2026424B5 EDGAR
- Aug 3, 202610-Q EDGAR
- Aug 3, 20268-K EDGAR
- Jun 30, 20268-K EDGAR
- May 22, 20264 EDGAR
- Apr 30, 20264 EDGAR
- Apr 30, 20264 EDGAR
- Apr 30, 20264 EDGAR
- Apr 30, 20264 EDGAR
- Apr 30, 20264 EDGAR
- Apr 29, 2026SCHEDULE 13G EDGAR
- Apr 28, 2026S-8 EDGAR
- Apr 27, 202610-Q EDGAR
- Apr 27, 20268-K EDGAR
- Apr 24, 20268-K EDGAR
- Mar 26, 2026SCHEDULE 13G/A EDGAR
- Mar 23, 2026ARS EDGAR
- Mar 23, 2026DEF 14A EDGAR
- Feb 26, 20264 EDGAR
The 216 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last three years, summarized. The full record is on SEC EDGAR.
Insider trades and holders
Large holders
Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 20 such filings since October 2021, the latest 10:
- Apr 29, 2026SCHEDULE 13G
- Mar 26, 2026SCHEDULE 13G/A
- Oct 30, 2025SCHEDULE 13G
- Aug 14, 2025SCHEDULE 13G/A
- Aug 11, 2025SCHEDULE 13G
- May 15, 2025SCHEDULE 13G
- Nov 8, 2024SC 13G/A
- Oct 18, 2024SC 13G/A
- Feb 13, 2024SC 13G/A
- Jan 30, 2024SC 13G/A
From Forms 4 and Schedules 13D and 13G filed with the SEC.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13SEC EDGARDarrell W. Crate, Chair
- 14SEC EDGARMeghan G. Baivier, President
- 15SEC EDGARDarrell W. Crate, President
- 16
- 17
- 18
- 19
- 20SEC EDGARBrian M. Colantuoni, SVP, CAO
- 21
- 22
- 23SEC EDGARAllison E. Marino, SVP & CAO
- 24SEC EDGARAlison M. Bernard, EVP & CAO
- 25
- 26
- 27SEC EDGARWilliam C. Trimble, Officer
- 28
- 29SEC EDGARTara S. Innes, Board member
- 30SEC EDGARScott D. Freeman, Board member
- 31SEC EDGARCynthia A. Fisher, Board member
- 32SEC EDGARJames E. Mead, Board member
- 33SEC EDGARWilliam H. Binnie, Board member