Easterly Government Properties Inc. (NYSE:DEA) reported second-quarter 2026 results on Monday that came in ahead of analyst expectations and prompted the company to raise its guidance for the full year.
The real estate investment trust’s shares were little changed in after-hours trading following the earnings release.
Revenue and Core FFO Show Solid Growth
Easterly reported adjusted earnings of $0.78 per share for the second quarter.
Revenue reached $92.42 million, exceeding analysts’ consensus estimate of $90.94 million and increasing 9.7% from $84.23 million recorded in the same period last year.
Core funds from operations (Core FFO) totaled $37.4 million, or $0.78 per diluted share, compared with $34.6 million, or $0.74 per share, in the second quarter of 2025.
Company Raises 2026 Guidance
Following the stronger quarterly performance, Easterly increased its full-year 2026 Core FFO guidance.
The company now expects Core FFO to range between $3.07 and $3.13 per fully diluted share, with the midpoint of $3.10 representing an improvement over its previous forecast.
Management also introduced fiscal 2026 net income guidance of $0.23 to $0.29 per share.
Management Highlights Strong Execution
President and Chief Executive Officer Darrell Crate said the latest quarter reflected continued progress across the business.
“Our second quarter demonstrates continued progress on our strategic priorities,” said Darrell Crate, President & CEO of Easterly Government Properties. “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.”
Portfolio Expansion and Strong Occupancy Support Outlook
During the quarter, Easterly completed a new five-year senior unsecured term loan facility worth $200 million, which matures in June 2031.
As of June 30, 2026, the company’s portfolio comprised 106 operating properties totaling approximately 10.7 million leased square feet, with occupancy standing at 98%.
Quarterly Dividend Maintained
The Board of Directors declared a quarterly dividend of $0.45 per common share.
The dividend will be paid on August 20, 2026, to shareholders of record as of August 10, 2026.