Easterly Government Properties reported third quarter 2026 revenue of $93.6 million, significantly exceeding analyst estimates. The company achieved Core FFO of $0.78 per share and maintained a high-quality portfolio with 98% occupancy, driven by its mission-critical leases with the U.S. Government.

Key Highlights

  • Core FFO reached $38.0 million, or $0.78 per share, supported by stable rental income from government-leased assets.
  • Total portfolio occupancy remained robust at 98%, outperforming expectations of 97.2% and reflecting durable tenant retention.
  • Management tightened full-year 2026 Core FFO guidance to $3.08–$3.13 per share and issued initial 2027 guidance of $3.09–$3.17.
  • The company strengthened its balance sheet by extinguishing the USFS II mortgage and receiving full repayment of a $35.6 million construction loan.