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Easterly Government Properties (DEA) Financials

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$22.65 -0.21 (-0.92%)
As of 10:48 AM Eastern
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Annual Income Statements for Easterly Government Properties

Annual Income Statements for Easterly Government Properties

This table shows Easterly Government Properties' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 -1.28 3.96 4.45 5.70 7.21 57 30 31 19 20
Consolidated Net Income / (Loss)		 -5.37 5.50 5.39 6.66 8.22 14 34 36 21 21
Net Income / (Loss) Continuing Operations		 -5.37 5.50 5.39 6.66 8.22 58 34 32 16 15
Total Pre-Tax Income 		-0.25 5.50 5.39 6.66 8.22 58 34 32 16 15
Total Operating Income		 4.72 14 23 30 35 94 71 66 65 77
Total Gross Profit		 71 84 106 130 173 190 218 227 215 232
Total Revenue		 71 105 131 161 222 238 275 294 287 302
Operating Revenue		 71 105 131 161 222 238 275 294 287 302
Total Cost of Revenue		 0.00 21 25 31 48 48 57 67 72 70
Operating Cost of Revenue		 - 21 25 31 48 48 57 67 72 70
Total Operating Expenses		 67 70 83 100 138 96 147 161 151 155
Selling, General & Admin Expense		 8.89 12 13 15 20 - 24 25 27 24
Depreciation Expense		 33 46 55 66 92 94 91 98 91 96
Other Operating Expenses / (Income)		 22 9.90 14 17 24 - 30 31 30 32
Impairment Charge		 - - - - - - 0.00 5.54 0.00 0.00
Restructuring Charge		 2.89 1.80 1.49 1.58 1.74 2.09 1.94 1.37 1.66 1.88
Total Other Income / (Expense), net		 -4.97 -8.18 -17 -23 -27 -35 -37 -34 -49 -62
Interest & Investment Income		 -4.97 -8.18 -17 -23 -33 -35 -39 -47 -49 -62
Other Income / (Expense), net		 0.00 0.00 -0.31 0.00 6.25 - 1.31 14 0.00 0.17
Other Adjustments to Consolidated Net Income / (Loss)		 - - - - 0.00 - 0.27 3.37 5.50 6.05
Net Income / (Loss) Attributable to Noncontrolling Interest		 -4.09 1.53 0.94 0.96 1.02 1.57 3.90 4.09 2.26 1.03
Basic Earnings per Share		 ($0.06) $0.13 $0.11 $0.09 $0.10 $0.15 $0.35 $0.34 $0.19 $0.18
Weighted Average Basic Shares Outstanding		 21.43M 30.65M 39.61M 53.51M 68.77M 78.22M 84.04M 90.61M 94.26M 103.44M
Diluted Earnings per Share		 ($0.06) $0.12 $0.10 $0.08 $0.10 $0.15 $0.35 $0.34 $0.19 $0.18
Weighted Average Diluted Shares Outstanding		 21.43M 32.37M 41.56M 54.93M 69.21M 78.79M 84.62M 90.95M 94.56M 103.76M
Weighted Average Basic & Diluted Shares Outstanding		 24.17M 36.87M 44.97M 60.90M 75.05M 82.13M 90.15M 90.82M 102.35M 107.97M
Cash Dividends to Common per Share		 - $0.92 $1.00 $1.04 $1.04 $1.04 $1.05 $1.06 $1.06 $1.06

Quarterly Income Statements for Easterly Government Properties

This table shows Easterly Government Properties' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Net Income / (Loss) Attributable to Common Shareholders		 12 3.89 5.10 5.37 4.44 4.63 4.61 4.86 5.45 3.13 4.07
Consolidated Net Income / (Loss)		 18 4.41 5.78 6.08 4.79 4.88 4.85 5.12 5.73 3.28 4.25
Net Income / (Loss) Continuing Operations		 13 3.01 4.36 4.74 3.46 3.47 3.47 3.54 4.05 1.46 2.41
Total Pre-Tax Income 		13 3.01 4.36 4.74 3.46 3.47 3.47 3.54 4.05 1.46 2.41
Total Operating Income		 12 15 16 17 17 17 19 20 21 20 21
Total Gross Profit		 57 53 54 53 55 56 58 58 60 61 65
Total Revenue		 75 71 71 72 73 73 76 75 78 79 84
Operating Revenue		 75 71 71 72 73 73 76 75 78 79 84
Total Cost of Revenue		 18 18 18 19 18 17 18 17 19 18 19
Operating Cost of Revenue		 18 18 18 19 18 17 18 17 19 18 19
Total Operating Expenses		 45 38 38 36 38 39 39 38 38 41 44
Selling, General & Admin Expense		 - 7.30 7.02 6.11 6.69 6.46 6.91 4.67 6.20 6.22 6.81
Depreciation Expense		 25 23 23 22 23 24 24 24 25 27 29
Other Operating Expenses / (Income)		 7.05 7.47 7.62 7.81 7.56 8.23 8.06 9.26 7.12 7.72 7.95
Impairment Charge		 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00 0.00
Restructuring Charge		 0.43 0.46 0.44 0.32 0.44 0.42 0.41 0.60 0.45 0.31 0.36
Total Other Income / (Expense), net		 0.94 -12 -12 -12 -13 -14 -15 -16 -17 -18 -19
Interest & Investment Income		 -13 -12 -12 -12 -13 -14 -15 -16 -17 -18 -19
Other Income / (Expense), net		 - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
Other Adjustments to Consolidated Net Income / (Loss)		 - 1.40 1.42 1.35 1.33 1.42 1.38 1.58 1.68 1.82 1.84
Net Income / (Loss) Attributable to Noncontrolling Interest		 2.13 0.52 0.68 0.71 0.35 0.26 0.24 0.25 0.28 0.16 0.18
Basic Earnings per Share		 $0.17 $0.04 $0.05 $0.06 $0.04 $0.11 $0.11 $0.05 $0.05 $0.07 $0.09
Weighted Average Basic Shares Outstanding		 90.61M 91.10M 93.36M 93.54M 94.26M 40.80M 41.17M 103.52M 103.44M 43.22M 45.01M
Diluted Earnings per Share		 $0.17 $0.04 $0.05 $0.06 $0.04 $0.11 $0.11 $0.05 $0.05 $0.07 $0.09
Weighted Average Diluted Shares Outstanding		 90.95M 91.33M 93.64M 93.85M 94.56M 40.89M 41.28M 103.90M 103.76M 43.37M 45.11M
Weighted Average Basic & Diluted Shares Outstanding		 90.82M 93.39M 93.42M 95.20M 102.35M 103.00M 103.03M 105.67M 107.97M 44.91M 45.35M
Cash Dividends to Common per Share		 $0.27 $0.27 $0.27 $0.27 $0.27 $0.66 $0.66 $0.27 $0.27 $0.66 $0.45

Annual Cash Flow Statements for Easterly Government Properties

This table details how cash moves in and out of Easterly Government Properties' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 -23 -3.42 9.71 -5.10 4.44 -0.88 5.47 -2.87 4.67 5.87
Net Cash From Operating Activities		 30 47 49 63 142 145 118 126 114 163
Net Cash From Continuing Operating Activities		 30 47 49 63 143 145 118 126 114 162
Net Income / (Loss) Continuing Operations		 -5.37 5.50 5.39 6.66 8.22 14 34 36 21 21
Consolidated Net Income / (Loss)		 -5.37 5.50 5.39 6.66 8.22 14 34 36 21 21
Depreciation Expense		 33 46 55 66 92 94 91 98 91 96
Amortization Expense		 -4.19 -6.44 -7.53 -7.59 -5.99 -7.98 -7.97 -7.11 -7.96 -6.45
Non-Cash Adjustments To Reconcile Net Income		 6.51 2.80 0.49 -2.60 -3.61 4.66 -1.30 0.54 6.58 7.58
Changes in Operating Assets and Liabilities, net		 0.11 -0.36 -4.00 -0.09 52 41 2.39 -1.30 3.05 44
Net Cash From Investing Activities		 -165 -170 -396 -467 -442 -290 -363 -69 -127 -410
Net Cash From Continuing Investing Activities		 -165 -170 -396 -467 -442 -290 -363 -69 -127 -410
Acquisitions		 - - - - 0.00 0.00 - - -18 -40
Purchase of Investments		 - - - - - - -132 -144 0.00 -34
Sale of Property, Plant & Equipment		 0.00 0.00 11 0.00 20 3.52 7.34 202 0.00 2.17
Other Investing Activities, net		 6.09 -1.56 -14 -64 -68 -61 -239 -128 -109 -338
Net Cash From Financing Activities		 111 119 356 399 304 144 250 -60 17 253
Net Cash From Continuing Financing Activities		 111 119 356 399 304 144 250 -60 17 253
Repayment of Debt		 -330 -33 -280 -135 -477 -197 -541 -191 -205 -520
Payment of Dividends		 -21 -40 -49 -66 -82 -92 -100 -109 -112 -116
Issuance of Debt		 201 87 564 313 612 273 716 231 198 818
Issuance of Common Equity		 269 110 126 298 259 162 176 9.50 86 72
Other Financing Activities, net		 -5.44 -4.19 -4.46 -11 -7.06 -1.86 0.00 0.00 50 -0.92
Cash Interest Paid		 4.05 7.44 16 23 31 36 36 41 49 62

Quarterly Cash Flow Statements for Easterly Government Properties

This table details how cash moves in and out of Easterly Government Properties' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Net Change in Cash & Equivalents		 -4.22 3.20 1.31 12 -12 34 -29 12 -11 -10 -3.44
Net Cash From Operating Activities		 22 22 37 38 18 24 57 57 25 24 38
Net Cash From Continuing Operating Activities		 22 22 37 38 17 24 57 57 24 24 38
Net Income / (Loss) Continuing Operations		 18 4.41 5.78 6.08 4.79 4.88 4.85 5.12 5.73 3.28 4.25
Consolidated Net Income / (Loss)		 18 4.41 5.78 6.08 4.79 4.88 4.85 5.12 5.73 3.28 4.25
Depreciation Expense		 25 23 23 22 23 24 24 24 25 27 29
Amortization Expense		 -1.76 -1.94 -2.05 -1.30 -2.66 -1.63 -1.08 -1.21 -2.28 -1.19 -0.89
Non-Cash Adjustments To Reconcile Net Income		 -13 1.96 2.69 1.80 0.13 1.87 6.00 1.77 0.84 3.20 4.38
Changes in Operating Assets and Liabilities, net		 -5.92 -5.98 8.27 9.28 -8.51 -5.03 23 28 -4.85 -7.90 1.83
Net Cash From Investing Activities		 120 -11 -10 -28 -78 -25 -101 -125 -158 -45 -147
Net Cash From Continuing Investing Activities		 120 -11 -10 -28 -78 -25 -101 -125 -158 -45 -147
Purchase of Investments		 -73 - - - 18 -3.44 - - 37 -8.54 8.54
Other Investing Activities, net		 -9.61 -11 -10 -9.96 -78 -21 -101 -53 -158 -37 -155
Net Cash From Financing Activities		 -147 -7.85 -26 1.46 49 35 16 80 122 11 105
Net Cash From Continuing Financing Activities		 -147 -7.85 -26 1.46 49 35 16 80 122 11 105
Repayment of Debt		 -149 -53 -31 -101 -20 -8.97 -194 -177 -140 -178 -39
Repurchase of Common Equity		 - - - - - -0.17 - -0.35 - -0.42 -0.07
Payment of Dividends		 -27 -27 -28 -28 -29 -29 -29 -29 -30 -30 -21
Issuance of Debt		 30 21 33 47 98 73 231 250 264 181 161
Issuance of Common Equity		 - 52 - 34 - 0.00 7.98 35 28 41 5.37
Cash Interest Paid		 16 11 12 10 15 12 15 11 23 16 18

Annual Balance Sheets for Easterly Government Properties

This table presents Easterly Government Properties' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 301 912 1,047 1,425 1,862 2,235 2,458 2,826 2,829 2,880 3,223
Total Current Assets		 33 14 14 30 11 45 85 109 111 126 138
Cash & Equivalents		 31 8.18 4.85 13 6.85 12 8.47 11 7.58 9.38 19
Restricted Cash		 0.00 1.74 1.65 - 4.25 3.54 6.20 9.01 9.70 13 8.45
Accounts Receivable		 0.00 2.92 5.82 9.35 - 16 45 59 59 66 71
Prepaid Expenses		 1.39 1.51 1.42 8.09 - 14 26 30 35 37 39
Other Current Nonoperating Assets		 - - - - - - - - - - 0.00
Plant, Property, & Equipment, net		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2,285 2,319 0.00
Total Noncurrent Assets		 268 898 1,033 1,395 166 2,189 2,372 2,717 433 435 3,085
Long-Term Investments		 - - - - - - 0.00 132 272 285 317
Noncurrent Note & Lease Receivables		 - - - - - - - - - - 34
Intangible Assets		 0.00 117 115 143 166 169 163 186 157 148 161
Other Noncurrent Operating Assets		 268 781 918 1,252 - 2,021 2,209 2,399 4.02 1.99 2,573
Total Liabilities & Shareholders' Equity		 301 912 1,047 1,425 1,862 2,235 2,458 2,826 2,829 2,880 3,223
Total Liabilities		 3.32 292 349 634 836 1,035 1,158 1,385 1,418 1,470 1,836
Total Current Liabilities		 3.32 9.35 14 20 135 102 141 148 151 163 222
Accounts Payable		 3.32 9.35 14 20 - 48 49 61 67 80 101
Current Deferred Revenue		 - - - - - 55 93 87 83 83 121
Total Noncurrent Liabilities		 0.00 283 335 614 632 932 1,016 1,237 1,268 1,307 1,614
Long-Term Debt		 0.00 238 293 576 632 902 978 1,211 1,251 1,295 1,599
Other Noncurrent Operating Liabilities		 0.00 45 42 39 - 30 38 25 16 12 15
Total Equity & Noncontrolling Interests		 297 620 698 791 1,025 1,200 1,300 1,442 1,411 1,410 1,387
Total Preferred & Common Equity		 0.00 377 560 668 894 1,063 1,155 1,283 1,245 1,322 1,321
Total Common Equity		 0.00 377 560 668 894 1,063 1,155 1,283 1,245 1,322 1,321
Common Stock		 0.00 392 598 741 1,018 1,258 1,426 1,606 1,624 1,784 1,875
Retained Earnings		 0.00 -15 -40 -77 -126 -191 -260 -318 -382 -464 -554
Accumulated Other Comprehensive Income / (Loss)		 - 0.00 3.04 3.40 2.41 -4.69 -11 -5.07 3.55 1.87 0.68
Noncontrolling Interest		 297 243 138 123 131 137 145 159 166 87 66

Quarterly Balance Sheets for Easterly Government Properties

This table presents Easterly Government Properties' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2022 Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025
Period end date 6/30/2022 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025
Total Assets		 2,941 2,962 2,819 2,808 2,825 2,943 2,996 3,103 3,225 3,359
Total Current Assets		 109 116 117 118 133 177 148 153 137 146
Cash & Equivalents		 8.26 11 8.85 9.82 21 44 15 31 8.46 4.70
Restricted Cash		 9.79 10 12 12 13 13 12 8.01 9.03 9.35
Accounts Receivable		 57 60 58 61 61 73 71 70 71 76
Prepaid Expenses		 33 34 38 35 38 47 50 41 49 56
Other Current Nonoperating Assets		 - - - - - - - 2.00 0.00 0.00
Plant, Property, & Equipment, net		 0.00 0.00 0.00 0.00 2,263 2,337 2,418 2,457 0.00 0.00
Total Noncurrent Assets		 2,832 2,846 2,702 2,690 430 429 430 463 3,088 3,213
Long-Term Investments		 182 199 271 269 285 283 280 316 315 311
Noncurrent Note & Lease Receivables		 - - - - - - - - 44 32
Intangible Assets		 183 178 151 146 141 143 148 146 156 188
Other Noncurrent Operating Assets		 2,467 2,468 2,280 2,276 5.00 2.90 2.47 0.51 2,574 2,683
Total Liabilities & Shareholders' Equity		 2,941 2,962 2,819 2,808 2,825 2,943 2,996 3,103 3,225 3,359
Total Liabilities		 1,499 1,543 1,379 1,386 1,390 1,555 1,624 1,721 1,826 1,973
Total Current Liabilities		 142 153 145 150 160 184 212 236 210 234
Accounts Payable		 56 68 63 64 76 96 106 114 91 115
Current Deferred Revenue		 86 86 82 86 84 89 106 122 118 119
Total Noncurrent Liabilities		 1,357 1,390 1,235 1,236 1,230 1,371 1,412 1,486 1,617 1,739
Long-Term Debt		 1,337 1,371 1,219 1,221 1,217 1,359 1,401 1,475 1,601 1,723
Other Noncurrent Operating Liabilities		 20 19 16 14 13 12 11 11 15 16
Total Equity & Noncontrolling Interests		 1,442 1,419 1,440 1,422 1,435 1,388 1,372 1,382 1,399 1,387
Total Preferred & Common Equity		 1,273 1,253 1,273 1,257 1,271 1,319 1,305 1,315 1,334 1,334
Total Common Equity		 1,273 1,253 1,273 1,257 1,271 1,319 1,305 1,315 1,334 1,334
Common Stock		 1,622 1,624 1,673 1,674 1,708 1,802 1,812 1,846 1,916 1,935
Retained Earnings		 -351 -375 -403 -422 -442 -487 -509 -532 -580 -596
Accumulated Other Comprehensive Income / (Loss)		 2.39 3.99 1.77 4.52 4.43 2.75 2.34 0.49 -2.97 -4.59
Noncontrolling Interest		 169 166 168 166 164 69 68 66 65 52

Annual Metrics And Ratios for Easterly Government Properties

This table displays calculated financial ratios and metrics derived from Easterly Government Properties' official financial filings.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.00% 0.00% 46.57% 24.90% 22.90% 38.07% 7.40% 15.42% 6.82% -2.17% 5.16%
EBITDA Growth		 0.00% 0.00% 58.93% 31.43% 26.60% 44.98% 40.20% -13.37% 9.70% -13.26% 12.68%
EBIT Growth		 0.00% 0.00% 189.52% 64.25% 31.62% 41.01% 125.05% -22.91% 10.02% -18.64% 18.89%
NOPAT Growth		 0.00% 0.00% 313.60% 66.52% 29.83% 19.88% 164.71% -24.30% -7.09% -1.89% 18.63%
Net Income Growth		 0.00% 0.00% 202.35% -1.96% 23.57% 23.50% 64.49% 151.01% 4.73% -40.78% -2.29%
EPS Growth		 0.00% 0.00% 300.00% -16.67% -20.00% 25.00% 50.00% 133.33% -2.86% -44.12% -5.26%
Operating Cash Flow Growth		 0.00% 0.00% 58.19% 3.91% 27.53% 126.68% 2.03% -18.49% 6.42% -9.10% 42.07%
Free Cash Flow Firm Growth		 0.00% 0.00% 78.77% -182.08% 499.10% -248.19% 95.92% -98.67% 216.32% -79.14% -514.30%
Invested Capital Growth		 0.00% 219.17% 16.10% 37.52% -100.00% 0.00% 8.51% 10.48% -5.09% 1.03% 10.17%
Revenue Q/Q Growth		 0.00% 0.00% 6.71% -30.33% 90.62% 6.01% -1.05% 5.12% 1.12% -0.79% 1.90%
EBITDA Q/Q Growth		 0.00% 0.00% 7.66% 8.37% 8.49% 4.28% 38.91% -18.06% 4.64% 2.55% 3.78%
EBIT Q/Q Growth		 0.00% 0.00% 16.89% 12.75% 0.96% 7.48% 125.19% -33.64% 9.63% 8.53% 6.04%
NOPAT Q/Q Growth		 0.00% 0.00% 16.89% 14.31% 44.23% -8.62% 125.19% -34.84% -9.10% 8.53% 5.80%
Net Income Q/Q Growth		 0.00% 0.00% 33.39% -11.42% -11.73% 13.34% 8.11% 17.90% 42.69% -39.30% 4.80%
EPS Q/Q Growth		 0.00% 0.00% -36.84% -16.67% -27.27% 25.00% 7.14% 16.67% 36.00% -40.63% 5.88%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% -0.06% -8.79% 13.12% 6.95% 10.36% -9.68% -1.35% -3.88% 4.51%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 40.63% -9.05% 463.44% -626.84% 34.86% -163.66% 245.22% -86.30% -170.33%
Invested Capital Q/Q Growth		 0.00% 14.30% 2.50% 4.28% -100.00% 3.23% 3.32% 5.83% -7.59% 2.73% 7.02%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 0.00% 100.00% 79.85% 80.94% 80.75% 78.23% 79.66% 79.37% 77.25% 74.95% 76.78%
EBITDA Margin		 0.00% 46.82% 50.77% 53.42% 55.03% 57.79% 75.43% 56.62% 58.14% 51.55% 55.24%
Operating Margin		 0.00% 6.62% 13.07% 17.43% 18.41% 15.98% 39.39% 25.84% 22.47% 22.54% 25.42%
EBIT Margin		 0.00% 6.62% 13.07% 17.19% 18.41% 18.80% 39.39% 26.31% 27.10% 22.54% 25.48%
Profit (Net Income) Margin		 0.00% -7.52% 5.25% 4.12% 4.15% 3.71% 5.68% 12.35% 12.11% 7.33% 6.81%
Tax Burden Percent		 0.00% 2,157.03% 100.00% 100.00% 100.00% 100.00% 23.19% 100.80% 110.48% 135.33% 141.65%
Interest Burden Percent		 0.00% -5.27% 40.20% 23.99% 22.53% 19.73% 62.18% 46.58% 40.45% 24.04% 18.88%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.59% 1.49% 1.95% 4.37% 3.40% 4.31% 2.98% 2.71% 2.71% 3.05%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% -8.22% -1.68% -2.14% -3.77% -2.74% -4.37% -0.68% -0.30% -1.76% -1.97%
Return on Net Nonoperating Assets (RNNOA)		 0.00% -1.76% -0.66% -1.22% -2.68% -2.03% -3.23% -0.50% -0.21% -1.22% -1.58%
Return on Equity (ROE)		 0.00% -1.17% 0.83% 0.72% 1.68% 1.37% 1.08% 2.48% 2.49% 1.49% 1.47%
Cash Return on Invested Capital (CROIC)		 0.00% -103.98% -13.41% -29.65% 204.37% -196.60% -3.84% -6.97% 7.93% 1.69% -6.63%
Operating Return on Assets (OROA)		 0.00% 0.78% 1.40% 1.82% 4.15% 3.73% 4.00% 2.74% 2.81% 2.27% 2.52%
Return on Assets (ROA)		 0.00% -0.89% 0.56% 0.44% 0.93% 0.74% 0.58% 1.29% 1.26% 0.74% 0.67%
Return on Common Equity (ROCE)		 0.00% -0.48% 0.59% 0.60% 3.32% 2.24% 0.96% 2.20% 2.21% 1.36% 1.39%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -1.42% 0.98% 0.81% 0.74% 0.77% 1.17% 2.65% 2.86% 1.59% 1.56%
Net Operating Profit after Tax (NOPAT)		 0.00 3.31 14 23 30 35 94 71 66 65 77
NOPAT Margin		 0.00% 4.63% 13.07% 17.43% 18.41% 15.98% 39.39% 25.84% 22.47% 22.54% 25.42%
Net Nonoperating Expense Percent (NNEP)		 0.00% 8.82% 3.18% 4.09% 8.13% 6.14% 8.68% 3.66% 3.01% 4.48% 5.01%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - 2.48% 2.39% 2.57%
Cost of Revenue to Revenue		 0.00% 0.00% 20.15% 19.06% 19.25% 21.77% 20.34% 20.63% 22.75% 25.05% 23.22%
SG&A Expenses to Revenue		 0.00% 12.46% 11.75% 9.87% 9.23% 9.10% 0.00% 8.56% 8.44% 9.44% 8.09%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 0.00% 93.38% 66.78% 63.51% 62.34% 62.24% 40.27% 53.54% 54.78% 52.41% 51.35%
Earnings before Interest and Taxes (EBIT)		 0.00 4.72 14 22 30 42 94 72 80 65 77
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 0.00 33 53 70 88 128 180 156 171 148 167
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.66 0.79 0.93 0.74 1.21 1.22 1.24 0.88 0.89 0.91
Price to Tangible Book Value (P/TBV)		 0.00 0.95 1.00 1.18 0.74 1.44 1.42 1.45 1.01 1.00 1.04
Price to Revenue (P/Rev)		 0.00 3.48 4.25 4.73 4.13 5.82 5.92 5.78 3.75 4.09 3.97
Price to Earnings (P/E)		 0.00 0.00 112.32 138.87 116.36 179.10 24.83 52.87 34.97 62.48 61.39
Dividend Yield		 0.00% 5.25% 7.31% 7.10% 9.53% 7.47% 5.99% 5.69% 10.93% 8.59% 9.33%
Earnings Yield		 0.00% 0.00% 0.89% 0.72% 0.86% 0.56% 4.03% 1.89% 2.86% 1.60% 1.63%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.85 0.88 0.96 0.00 1.11 1.11 1.12 0.94 0.94 0.95
Enterprise Value to Revenue (EV/Rev)		 0.00 10.08 8.31 9.98 4.13 10.44 10.58 10.21 7.59 7.84 8.35
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 21.53 16.37 18.68 7.51 18.06 14.02 18.04 13.06 15.20 15.11
Enterprise Value to EBIT (EV/EBIT)		 0.00 152.32 63.58 58.07 22.45 55.52 26.85 38.82 28.02 34.77 32.76
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 217.60 63.58 57.28 22.45 65.30 26.85 39.53 33.79 34.77 32.83
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 24.02 18.35 26.49 10.57 16.26 17.34 23.72 17.70 19.66 15.50
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.48 0.00 0.00 0.00 11.54 55.85 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.38 0.42 0.73 0.00 0.75 0.75 0.84 0.89 0.92 1.15
Long-Term Debt to Equity		 0.00 0.38 0.42 0.73 0.00 0.75 0.75 0.84 0.89 0.92 1.15
Financial Leverage		 0.00 0.21 0.39 0.57 0.71 0.74 0.74 0.74 0.71 0.69 0.80
Leverage Ratio		 1.01 1.32 1.49 1.66 1.80 1.86 1.88 1.93 1.98 2.02 2.18
Compound Leverage Factor		 0.00 -0.07 0.60 0.40 0.41 0.37 1.17 0.90 0.80 0.49 0.41
Debt to Total Capital		 0.00% 27.76% 29.56% 42.13% 0.00% 42.91% 42.94% 45.66% 47.00% 47.88% 53.55%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 27.76% 29.56% 42.13% 0.00% 42.91% 42.94% 45.66% 47.00% 47.88% 53.55%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 100.00% 28.28% 13.91% 9.02% 0.00% 6.53% 6.38% 5.99% 6.24% 3.23% 2.21%
Common Equity to Total Capital		 0.00% 43.97% 56.54% 48.85% 0.00% 50.56% 50.68% 48.35% 46.76% 48.89% 44.24%
Debt to EBITDA		 0.00 7.13 5.52 8.25 0.00 7.04 5.45 7.78 7.33 8.74 9.58
Net Debt to EBITDA		 0.00 6.83 5.39 8.07 0.00 6.92 5.36 6.81 5.64 6.68 7.52
Long-Term Debt to EBITDA		 0.00 7.13 5.52 8.25 0.00 7.04 5.45 7.78 7.33 8.74 9.58
Debt to NOPAT		 0.00 72.05 21.43 25.29 0.00 25.45 10.43 17.05 18.97 20.00 20.82
Net Debt to NOPAT		 0.00 69.05 20.95 24.73 0.00 25.01 10.27 14.91 14.59 15.27 16.34
Long-Term Debt to NOPAT		 0.00 72.05 21.43 25.29 0.00 25.45 10.43 17.05 18.97 20.00 20.82
Altman Z-Score		 0.00 0.59 0.86 0.66 0.00 0.76 0.78 0.70 0.46 0.41 0.29
Noncontrolling Interest Sharing Ratio		 0.00% 58.86% 28.86% 17.53% -97.45% -63.09% 11.31% 11.10% 11.39% 8.98% 5.48%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 9.88 1.53 1.00 1.52 0.08 0.44 0.61 0.73 0.74 0.77 0.62
Quick Ratio		 9.47 1.19 0.77 1.11 0.00 0.27 0.38 0.47 0.44 0.46 0.41
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -579 -123 -347 1,384 -2,051 -84 -166 193 40 -167
Operating Cash Flow to CapEx		 0.00% 17.55% 28.08% 12.89% 15.60% 38.00% 63.36% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.00 0.12 0.11 0.11 0.23 0.20 0.10 0.10 0.10 0.10 0.10
Accounts Receivable Turnover		 0.00 0.00 23.93 17.23 0.00 0.00 7.82 5.30 4.99 4.59 4.40
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.12 0.00
Accounts Payable Turnover		 0.00 0.00 1.82 1.48 0.00 0.00 1.01 1.04 1.04 0.98 0.77
Days Sales Outstanding (DSO)		 0.00 0.00 15.25 21.19 0.00 0.00 46.67 68.93 73.08 79.49 83.05
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 200.27 245.98 0.00 0.00 363.20 352.29 350.42 374.17 472.13
Cash Conversion Cycle (CCC)		 0.00 0.00 -185.02 -224.79 0.00 0.00 -316.53 -283.37 -277.34 -294.68 -389.08
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 266 848 985 1,354 0.00 2,086 2,264 2,501 2,373 2,398 2,642
Invested Capital Turnover		 0.00 0.13 0.11 0.11 0.24 0.21 0.11 0.12 0.12 0.12 0.12
Increase / (Decrease) in Invested Capital		 266 582 137 370 -1,354 2,086 177 237 -127 24 244
Enterprise Value (EV)		 0.00 719 869 1,304 664 2,314 2,518 2,807 2,229 2,250 2,521
Market Capitalization		 0.00 248 445 618 664 1,291 1,409 1,589 1,101 1,175 1,200
Book Value per Share		 $0.00 $15.61 $15.84 $15.22 $14.70 $14.33 $14.21 $14.89 $13.71 $13.89 $12.50
Tangible Book Value per Share		 $0.00 $10.79 $12.60 $11.96 $14.70 $12.06 $12.20 $12.73 $11.98 $12.33 $10.97
Total Capital		 297 858 991 1,367 0.00 2,102 2,278 2,653 2,662 2,704 2,986
Total Debt		 0.00 238 293 576 0.00 902 978 1,211 1,251 1,295 1,599
Total Long-Term Debt		 0.00 238 293 576 0.00 902 978 1,211 1,251 1,295 1,599
Net Debt		 -31 228 286 563 0.00 886 964 1,059 962 988 1,254
Capital Expenditures (CapEx)		 0.00 171 169 382 403 375 229 -7.34 -202 0.00 -2.17
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -1.94 -4.92 -6.54 -2.35 -124 -73 -70 -59 -57 -59 -112
Debt-free Net Working Capital (DFNWC)		 30 5.00 -0.05 10 -124 -57 -56 -39 -40 -37 -84
Net Working Capital (NWC)		 30 5.00 -0.05 10 -124 -57 -56 -39 -40 -37 -84
Net Nonoperating Expense (NNE)		 0.00 8.68 8.18 17 23 27 80 37 30 44 56
Net Nonoperating Obligations (NNO)		 -31 228 286 563 0.00 886 964 1,059 962 988 1,254
Total Depreciation and Amortization (D&A)		 0.00 29 39 47 59 86 86 83 91 83 90
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% -6.89% -6.25% -1.80% -76.99% -32.78% -29.52% -21.61% -19.34% -20.63% -37.02%
Debt-free Net Working Capital to Revenue		 0.00% 7.00% -0.05% 7.91% -76.99% -25.77% -23.36% -14.28% -13.46% -12.99% -27.82%
Net Working Capital to Revenue		 0.00% 7.00% -0.05% 7.91% -76.99% -25.77% -23.36% -14.28% -13.46% -12.99% -27.82%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 ($0.08) $0.11 $0.11 $0.09 $0.10 $0.15 $0.35 $0.34 $0.19 $0.18
Adjusted Weighted Average Basic Shares Outstanding		 0.00 21.43M 30.65M 39.61M 53.51M 68.77M 78.22M 84.04M 90.61M 94.26M 103.44M
Adjusted Diluted Earnings per Share		 $0.00 ($0.08) $0.10 $0.10 $0.08 $0.10 $0.15 $0.35 $0.34 $0.19 $0.18
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 21.43M 32.37M 41.56M 54.93M 69.21M 78.79M 84.62M 90.95M 94.56M 103.76M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 24.17M 36.87M 44.97M 60.90M 75.05M 82.13M 90.15M 90.82M 102.35M 107.97M
Normalized Net Operating Profit after Tax (NOPAT)		 0.00 5.33 11 17 22 26 67 51 51 46 55
Normalized NOPAT Margin		 0.00% 7.46% 10.35% 13.00% 13.57% 11.74% 28.19% 18.58% 17.38% 16.18% 18.23%
Pre Tax Income Margin		 0.00% -0.35% 5.25% 4.12% 4.15% 3.71% 24.50% 12.26% 10.96% 5.42% 4.81%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% -400.07% 733.02% 912.60% 990.48% 995.79% 678.21% 294.47% 307.00% 533.61% 563.27%
Augmented Payout Ratio		 0.00% -436.60% 733.02% 912.60% 990.48% 995.79% 678.21% 298.81% 307.38% 533.61% 563.27%

Quarterly Metrics And Ratios for Easterly Government Properties

This table displays calculated financial ratios and metrics derived from Easterly Government Properties' official financial filings.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 4.55% 0.44% -1.90% -4.03% -3.04% 2.22% 6.79% 3.84% 7.75% 8.07% 10.51%
EBITDA Growth		 -14.77% -20.41% -10.56% 4.76% 8.14% 8.42% 13.78% 12.22% 15.70% 15.13% 18.43%
EBIT Growth		 -35.88% -34.96% -14.44% 36.13% 43.09% 15.16% 16.21% 17.69% 24.95% 14.64% 14.68%
NOPAT Growth		 -35.88% -34.96% -14.44% 94.47% 43.09% 15.16% 16.21% 17.69% 24.95% 14.64% 14.68%
Net Income Growth		 136.73% -46.58% -28.93% 711.88% -74.01% 10.65% -16.06% -15.89% 19.68% -32.78% -12.29%
EPS Growth		 112.50% -50.00% -37.50% 500.00% -76.47% 0.00% -20.00% -16.67% 25.00% -32.78% -18.18%
Operating Cash Flow Growth		 -7.23% -10.31% -7.00% -3.90% -20.87% 10.48% 52.34% 50.88% 40.03% 1.24% -33.16%
Free Cash Flow Firm Growth		 163.57% 194.66% 221.65% 227.50% -105.43% -115.70% -139.14% -145.62% -2,849.76% -935.26% -214.58%
Invested Capital Growth		 -5.09% -5.30% -8.75% -9.13% 1.03% 1.71% 4.81% 5.76% 10.17% 10.79% 12.93%
Revenue Q/Q Growth		 -0.19% -4.91% 0.21% 0.90% 0.84% 0.25% 4.70% -1.89% 4.64% 0.54% 7.07%
EBITDA Q/Q Growth		 -3.52% 6.73% 1.20% 3.07% -0.41% 4.37% 6.20% 1.65% 2.68% 4.54% 7.87%
EBIT Q/Q Growth		 -4.28% 27.35% 6.73% 4.63% 0.62% 2.49% 7.70% 5.96% 6.83% -5.97% 7.74%
NOPAT Q/Q Growth		 36.75% 27.35% 6.73% 4.63% 0.62% 2.49% 7.70% 5.96% 6.83% -5.97% 7.74%
Net Income Q/Q Growth		 2,359.28% -76.04% 30.90% 5.24% -21.28% 2.03% -0.70% 5.46% 12.00% -42.70% 29.58%
EPS Q/Q Growth		 1,600.00% -76.47% 25.00% 20.00% -33.33% 0.00% 0.00% 25.00% 0.00% -42.70% 28.57%
Operating Cash Flow Q/Q Growth		 -43.80% -2.41% 73.07% 1.25% -53.73% 36.26% 138.65% 0.28% -57.06% -1.49% 57.57%
Free Cash Flow Firm Q/Q Growth		 170.58% 6.16% 63.65% 3.98% -103.00% -207.09% -307.90% -21.20% -94.30% -7.78% -23.95%
Invested Capital Q/Q Growth		 -7.59% -0.26% -0.61% -0.80% 2.73% 0.42% 2.42% 0.10% 7.02% 0.99% 4.39%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 76.01% 74.88% 75.30% 73.97% 75.63% 77.21% 76.23% 77.65% 76.06% 77.38% 77.19%
EBITDA Margin		 46.39% 50.78% 51.28% 52.39% 51.74% 53.87% 54.64% 56.61% 55.55% 57.76% 58.19%
Operating Margin		 15.75% 21.10% 22.47% 23.30% 23.25% 23.77% 24.45% 26.41% 26.96% 25.22% 25.37%
EBIT Margin		 15.75% 21.10% 22.47% 23.30% 23.25% 23.77% 24.45% 26.41% 26.96% 25.22% 25.37%
Profit (Net Income) Margin		 24.59% 6.20% 8.10% 8.44% 6.59% 6.71% 6.36% 6.84% 7.32% 4.17% 5.05%
Tax Burden Percent		 144.57% 146.55% 132.52% 128.43% 138.55% 140.79% 139.65% 144.49% 141.63% 224.71% 176.22%
Interest Burden Percent		 107.97% 20.04% 27.19% 28.22% 20.46% 20.05% 18.63% 17.93% 19.17% 7.36% 11.29%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 1.90% 2.55% 2.67% 2.75% 2.80% 2.88% 2.98% 3.26% 3.23% 3.06% 3.05%
ROIC Less NNEP Spread (ROIC-NNEP)		 2.55% 1.48% 1.67% 1.71% 1.56% 1.60% 1.62% 1.79% 1.86% 1.61% 1.68%
Return on Net Nonoperating Assets (RNNOA)		 1.81% 1.02% 1.21% 1.23% 1.08% 1.10% 1.17% 1.26% 1.49% 1.33% 1.52%
Return on Equity (ROE)		 3.71% 3.57% 3.87% 3.98% 3.88% 3.98% 4.15% 4.52% 4.72% 4.38% 4.57%
Cash Return on Invested Capital (CROIC)		 7.93% 7.83% 11.39% 12.00% 1.69% 1.11% -1.81% -2.57% -6.63% -7.11% -9.02%
Operating Return on Assets (OROA)		 1.64% 2.19% 2.29% 2.33% 2.34% 2.38% 2.47% 2.64% 2.67% 2.52% 2.52%
Return on Assets (ROA)		 2.55% 0.64% 0.82% 0.84% 0.66% 0.67% 0.64% 0.68% 0.72% 0.42% 0.50%
Return on Common Equity (ROCE)		 3.28% 3.17% 3.42% 3.52% 3.53% 3.64% 3.81% 4.15% 4.47% 4.17% 4.37%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 2.49% 2.34% 2.73% 0.00% 1.63% 1.58% 1.49% 0.00% 1.42% 0.00%
Net Operating Profit after Tax (NOPAT)		 12 15 16 17 17 17 19 20 21 20 21
NOPAT Margin		 15.75% 21.10% 22.47% 23.30% 23.25% 23.77% 24.45% 26.41% 26.96% 25.22% 25.37%
Net Nonoperating Expense Percent (NNEP)		 -0.65% 1.07% 0.99% 1.04% 1.24% 1.28% 1.36% 1.47% 1.37% 1.45% 1.37%
Return On Investment Capital (ROIC_SIMPLE)		 0.44% - - - 0.62% - - - 0.71% 0.66% 0.69%
Cost of Revenue to Revenue		 23.99% 25.12% 24.70% 26.03% 24.37% 22.79% 23.77% 22.35% 23.94% 22.62% 22.81%
SG&A Expenses to Revenue		 0.00% 10.24% 9.84% 8.48% 9.22% 8.87% 9.35% 6.24% 7.92% 7.90% 8.08%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 60.25% 53.78% 52.83% 50.67% 52.37% 53.44% 51.78% 51.25% 49.10% 52.16% 51.82%
Earnings before Interest and Taxes (EBIT)		 12 15 16 17 17 17 19 20 21 20 21
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 35 36 37 38 38 39 42 42 43 45 49
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.88 0.87 0.97 0.77 0.89 0.80 0.96 1.06 0.91 0.86 0.75
Price to Tangible Book Value (P/TBV)		 1.01 0.98 1.10 0.87 1.00 0.89 1.08 1.20 1.04 0.97 0.87
Price to Revenue (P/Rev)		 3.75 3.75 4.17 3.38 4.09 3.64 4.26 4.72 3.97 3.72 3.16
Price to Earnings (P/E)		 34.97 45.80 55.46 36.65 62.48 53.80 65.62 75.49 61.39 63.39 56.92
Dividend Yield		 10.93% 10.92% 10.15% 12.65% 8.59% 9.60% 8.74% 9.76% 9.33% 4.00% 10.98%
Earnings Yield		 2.86% 2.18% 1.80% 2.73% 1.60% 1.86% 1.52% 1.32% 1.63% 1.58% 1.76%
Enterprise Value to Invested Capital (EV/IC)		 0.94 0.93 0.98 0.87 0.94 0.89 0.98 1.05 0.95 0.93 0.88
Enterprise Value to Revenue (EV/Rev)		 7.59 7.47 7.91 7.05 7.84 7.41 8.21 8.72 8.35 8.05 7.75
Enterprise Value to EBITDA (EV/EBITDA)		 13.06 14.95 16.23 14.14 15.20 14.16 15.44 16.08 15.11 14.34 13.56
Enterprise Value to EBIT (EV/EBIT)		 28.02 37.95 41.94 34.23 34.77 31.94 34.64 35.62 32.76 31.18 29.76
Enterprise Value to NOPAT (EV/NOPAT)		 33.79 37.95 41.94 34.23 34.77 31.94 34.64 35.62 32.83 31.25 29.83
Enterprise Value to Operating Cash Flow (EV/OCF)		 17.70 17.80 19.19 17.14 19.66 18.33 17.68 16.61 15.50 15.21 16.99
Enterprise Value to Free Cash Flow (EV/FCFF)		 11.54 11.53 8.25 6.94 55.85 80.69 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.89 0.85 0.86 0.85 0.92 0.98 1.02 1.07 1.15 1.14 1.24
Long-Term Debt to Equity		 0.89 0.85 0.86 0.85 0.92 0.98 1.02 1.07 1.15 1.14 1.24
Financial Leverage		 0.71 0.69 0.72 0.72 0.69 0.69 0.72 0.70 0.80 0.82 0.90
Leverage Ratio		 1.98 1.96 2.01 2.03 2.02 2.04 2.08 2.10 2.18 2.21 2.30
Compound Leverage Factor		 2.14 0.39 0.55 0.57 0.41 0.41 0.39 0.38 0.42 0.16 0.26
Debt to Total Capital		 47.00% 45.84% 46.20% 45.88% 47.88% 49.47% 50.51% 51.63% 53.55% 53.38% 55.41%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 47.00% 45.84% 46.20% 45.88% 47.88% 49.47% 50.51% 51.63% 53.55% 53.38% 55.41%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 6.24% 6.30% 6.26% 6.20% 3.23% 2.52% 2.44% 2.33% 2.21% 2.16% 1.68%
Common Equity to Total Capital		 46.76% 47.86% 47.54% 47.92% 48.89% 48.00% 47.05% 46.05% 44.24% 44.46% 42.91%
Debt to EBITDA		 7.33 8.29 8.56 8.43 8.74 8.99 8.97 9.17 9.58 9.27 9.55
Net Debt to EBITDA		 5.64 6.31 6.52 6.23 6.68 6.75 7.00 6.96 7.52 7.34 7.75
Long-Term Debt to EBITDA		 7.33 8.29 8.56 8.43 8.74 8.99 8.97 9.17 9.58 9.27 9.55
Debt to NOPAT		 18.97 21.05 22.13 20.40 20.00 20.28 20.13 20.32 20.82 20.19 21.00
Net Debt to NOPAT		 14.59 16.02 16.86 15.07 15.27 15.22 15.71 15.42 16.34 16.00 17.04
Long-Term Debt to NOPAT		 18.97 21.05 22.13 20.40 20.00 20.28 20.13 20.32 20.82 20.19 21.00
Altman Z-Score		 0.38 0.39 0.43 0.31 0.36 0.29 0.32 0.33 0.24 0.21 0.14
Noncontrolling Interest Sharing Ratio		 11.39% 11.31% 11.67% 11.58% 8.98% 8.37% 8.34% 8.20% 5.48% 4.81% 4.34%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.74 0.81 0.79 0.83 0.77 0.96 0.70 0.65 0.62 0.65 0.62
Quick Ratio		 0.44 0.46 0.47 0.51 0.46 0.63 0.41 0.43 0.41 0.38 0.34
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 139 148 242 251 -7.55 -23 -95 -115 -223 -240 -297
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10
Accounts Receivable Turnover		 4.99 5.03 4.96 4.77 4.59 4.40 4.44 4.51 4.40 4.29 4.31
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.12 0.00 0.00 0.13 0.00 0.00 0.00
Accounts Payable Turnover		 1.04 1.16 1.18 1.01 0.98 0.89 0.83 0.73 0.77 0.76 0.65
Days Sales Outstanding (DSO)		 73.08 72.63 73.60 76.51 79.49 83.05 82.12 80.90 83.05 85.12 84.79
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 350.42 315.79 308.75 362.47 374.17 409.25 437.36 500.48 472.13 477.75 557.38
Cash Conversion Cycle (CCC)		 -277.34 -243.15 -235.15 -285.96 -294.68 -326.20 -355.24 -419.59 -389.08 -392.63 -472.60
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 2,373 2,367 2,353 2,334 2,398 2,408 2,466 2,468 2,642 2,668 2,785
Invested Capital Turnover		 0.12 0.12 0.12 0.12 0.12 0.12 0.12 0.12 0.12 0.12 0.12
Increase / (Decrease) in Invested Capital		 -127 -133 -226 -234 24 40 113 134 244 260 319
Enterprise Value (EV)		 2,229 2,197 2,315 2,042 2,250 2,140 2,411 2,585 2,521 2,478 2,447
Market Capitalization		 1,101 1,102 1,219 979 1,175 1,051 1,250 1,399 1,200 1,144 997
Book Value per Share		 $13.71 $14.01 $13.45 $13.60 $13.89 $12.93 $12.67 $12.76 $12.50 $12.35 $29.71
Tangible Book Value per Share		 $11.98 $12.34 $11.89 $12.10 $12.33 $11.53 $11.24 $11.35 $10.97 $10.91 $25.53
Total Capital		 2,662 2,659 2,643 2,652 2,704 2,747 2,773 2,856 2,986 3,000 3,109
Total Debt		 1,251 1,219 1,221 1,217 1,295 1,359 1,401 1,475 1,599 1,601 1,723
Total Long-Term Debt		 1,251 1,219 1,221 1,217 1,295 1,359 1,401 1,475 1,599 1,601 1,723
Net Debt		 962 927 931 899 988 1,020 1,094 1,119 1,254 1,269 1,398
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -57 -48 -54 -60 -59 -64 -91 -122 -112 -90 -102
Debt-free Net Working Capital (DFNWC)		 -40 -27 -32 -27 -37 -7.70 -64 -83 -84 -73 -88
Net Working Capital (NWC)		 -40 -27 -32 -27 -37 -7.70 -64 -83 -84 -73 -88
Net Nonoperating Expense (NNE)		 -6.62 11 10 11 12 12 14 15 15 17 17
Net Nonoperating Obligations (NNO)		 962 927 931 899 988 1,020 1,094 1,087 1,254 1,269 1,398
Total Depreciation and Amortization (D&A)		 23 21 21 21 21 22 23 23 22 26 28
Debt-free, Cash-free Net Working Capital to Revenue		 -19.34% -16.29% -18.49% -20.89% -20.63% -22.09% -30.94% -41.22% -37.02% -29.23% -32.21%
Debt-free Net Working Capital to Revenue		 -13.46% -9.33% -11.05% -9.33% -12.99% -2.67% -21.66% -27.99% -27.82% -23.55% -27.76%
Net Working Capital to Revenue		 -13.46% -9.33% -11.05% -9.33% -12.99% -2.67% -21.66% -27.99% -27.82% -23.55% -27.76%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.17 $0.04 $0.05 $0.06 $0.04 $0.04 $0.04 $0.05 $0.05 $0.07 $0.09
Adjusted Weighted Average Basic Shares Outstanding		 90.61M 91.10M 93.36M 93.54M 94.26M 101.99M 102.91M 103.52M 103.44M 43.22M 45.01M
Adjusted Diluted Earnings per Share		 $0.17 $0.04 $0.05 $0.06 $0.04 $0.04 $0.04 $0.05 $0.05 $0.07 $0.09
Adjusted Weighted Average Diluted Shares Outstanding		 90.95M 91.33M 93.64M 93.85M 94.56M 102.24M 103.20M 103.90M 103.76M 43.37M 45.11M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 90.82M 93.39M 93.42M 95.20M 102.35M 103.00M 103.03M 105.67M 107.97M 44.91M 45.35M
Normalized Net Operating Profit after Tax (NOPAT)		 8.56 11 12 12 12 12 13 14 15 14 15
Normalized NOPAT Margin		 11.43% 15.22% 16.16% 16.62% 16.70% 17.04% 17.49% 19.05% 19.28% 17.92% 18.06%
Pre Tax Income Margin		 17.01% 4.23% 6.11% 6.58% 4.76% 4.77% 4.56% 4.73% 5.17% 1.86% 2.87%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 307.00% 345.62% 375.94% 320.40% 533.61% 527.64% 554.74% 585.60% 563.27% 618.98% 598.08%
Augmented Payout Ratio		 307.38% 345.62% 375.94% 320.40% 533.61% 527.64% 554.74% 585.60% 563.27% 618.98% 598.08%

Key Financial Trends

Easterly Government Properties (NYSE: DEA) has delivered steady financial performance over the past four years, with Q2 2025 representing the latest quarter under review. Key financial statement highlights and trends are as follows:

  • Revenue Growth: Operating revenue increased from around $71.2 million in Q1 2023 to $84.2 million in Q2 2025, demonstrating consistent growth over the period.
  • Net Income Improvement: Consolidated net income rose from $3.9 million in Q1 2023 to $4.25 million in Q2 2025, indicating improved profitability despite some quarterly fluctuations.
  • Increasing Operating Cash Flow: Net cash from continuing operating activities grew markedly from $21.5 million in Q1 2023 to $38.1 million by Q2 2025, showing strong operating cash generation capabilities.
  • Issuance of Debt and Equity: The company strategically raised financing with increased debt issuance peaking at $180.5 million in Q2 2025 and equity issuance at $5.37 million, strengthening liquidity and funding asset growth.
  • Stable Dividend Payments: Despite variable earnings, cash dividends per share have been consistently paid around $0.265 to $0.45 quarterly, illustrating commitment to shareholder returns.
  • High Depreciation Expenses: Depreciation remains a significant expense (~$23-$28 million per quarter), reflective of the company’s large asset base but impacting net income.
  • Asset Base Growth: Total assets have increased from approximately $2.8 billion in Q1 2023 to $3.36 billion in Q2 2025, supporting operational scale but requiring capital funding.
  • Elevated Debt Levels: Long-term debt increased to $1.72 billion by Q2 2025 from $1.36 billion in early 2023, raising leverage and potential interest cost risks.
  • Declining Gross Margins: Gross profit margin fluctuated but has shown some compression from about 75% in early 2022-2023 toward mid-70% in recent quarters, driven by rising operating costs.
  • Negative Net Change in Cash & Equivalents: The company has recorded negative net cash flow in several recent quarters (e.g., -$3.4 million in Q2 2025), highlighting possible cash management challenges amid investments and debt repayments.

Summary: Easterly Government Properties exhibits a positive revenue growth trajectory, improving earnings, and strong operating cash flow generation. The company actively manages its capital structure through debt and equity issuances, though rising leverage and significant depreciation expenses weigh on net income margins. Stable dividends support shareholder confidence, but investors should monitor debt levels and cash flow volatility moving forward.

08/29/25 10:48 AM ETAI Generated. May Contain Errors.

Financials Breakdown Chart

Frequently Asked Questions About Easterly Government Properties' Financials

When does Easterly Government Properties' fiscal year end?

According to the most recent income statement we have on file, Easterly Government Properties' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Easterly Government Properties' net income changed over the last 9 years?

Easterly Government Properties' net income appears to be on an upward trend, with a most recent value of $20.58 million in 2024, falling from -$5.37 million in 2015. The previous period was $21.06 million in 2023. View Easterly Government Properties' forecast to see where analysts expect Easterly Government Properties to go next.

What is Easterly Government Properties' operating income?
Easterly Government Properties' total operating income in 2024 was $76.79 million, based on the following breakdown:
  • Total Gross Profit: $231.90 million
  • Total Operating Expenses: $155.11 million
How has Easterly Government Properties' revenue changed over the last 9 years?

Over the last 9 years, Easterly Government Properties' total revenue changed from $71.38 million in 2015 to $302.05 million in 2024, a change of 323.2%.

How much debt does Easterly Government Properties have?

Easterly Government Properties' total liabilities were at $1.84 billion at the end of 2024, a 24.9% increase from 2023, and a 55,183.2% increase since 2014.

How much cash does Easterly Government Properties have?

In the past 10 years, Easterly Government Properties' cash and equivalents has ranged from $4.85 million in 2016 to $31.44 million in 2014, and is currently $19.35 million as of their latest financial filing in 2024.

How has Easterly Government Properties' book value per share changed over the last 10 years?

Over the last 10 years, Easterly Government Properties' book value per share changed from 0.00 in 2014 to 12.50 in 2024, a change of 1,250.2%.


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This page (NYSE:DEA) was last updated on 8/29/2025 by MarketBeat.com Staff
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