Easterly Government Properties reports third-quarter 2026 results

what happened

Easterly Government Properties, a real estate investment trust focused on Class A commercial properties leased to the U.S. government, reported results for the quarter ended September 30, 2026, according to TradingView. Net income was $5.7 million, or $0.12 per share, and Core FFO reached $38.0 million, or $0.78 per share, on a fully diluted basis.

The company used $6.4 million of cash to pay off the mortgage on the USFS II Albuquerque property, repaid the $35.6 million Bedford construction loan early, and removed the credit spread adjustment from its SOFR-based credit facilities. As of September 30, the portfolio comprised 106 operating properties and was 98% leased.

For the nine months, net income was $10.3 million and Core FFO was $112.5 million. The board approved a third-quarter dividend of $0.45 per share, payable November 20, 2026.

why it matters

For REIT investors, cash flow stability and debt levels matter most here: net debt to annualized EBITDA stands at 7.1x and the weighted average interest rate on debt is 4.6%. The raised low end of Core FFO guidance points to a steady leasing business, though the effect on the broader equity market is limited.

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