Easterly Government Properties forecasts FY net income per share $0.35-$0.42

Easterly Government Properties

23/02/2026 11:40

Overview

Real estate investment trust's Q4 net income was $4.8 mln

Core FFO for Q4 reached $36.8 mln

Company completed acquisition of three properties for $169.9 mln

Outlook

Company maintains full-year 2026 Core FFO per share guidance at $3.05 - $3.12

Easterly expects $50 mln in acquisitions and $50 - $100 mln in development investments in 2026

Company sees full-year 2026 net income per share at $0.35 - $0.42

Result Drivers

PROPERTY ACQUISITIONS - Acquired three properties for $169.9 mln, including facilities in Washington, DC, and Vermont

DEVELOPMENT PROJECTS - Ongoing development of facilities in Oregon and Florida with long-term leases secured

LEASE EXTENSIONS - Successfully renewed and extended leases for significant square footage in portfolio

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Rental Income
$83.55 mln
Q4 EPS
$0.10
Q4 Net Income
$4.77 mln
Q4 Adjusted FFO
$36.80 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the commercial reits peer group is "buy."

Wall Street's median 12-month price target for Easterly Government Properties Inc is $24.00, about 0.5% above its February 20 closing price of $24.13

The stock recently traded at 52 times the next 12-month earnings vs. a P/E of 47 three months ago

Press Release: ID:nBw54qsnga

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)