DEA
Real EstateEasterly Government Properties, Inc. · REIT - Office · $1B
What is Easterly Government Properties, Inc.?
Easterly Government Properties is a Washington, D.C.-based real estate investment trust focused exclusively on commercial properties leased to U.S. federal government agencies. Its portfolio targets mission-critical facilities occupied by agencies such as the FBI, DEA, and VA.
Easterly acquires, develops, and manages Class A commercial properties leased to the U.S. Government, either directly or through the General Services Administration (GSA). Revenue comes almost entirely from long-term government leases, which provide predictable rental income. The company targets mission-critical facilities — courthouses, laboratories, and agency offices — where tenant turnover is structurally low and lease renewals are common.
Easterly was founded in 2015 and is headquartered in Washington, D.C.
- GSA-leased Class A office and mission-critical properties
- Federal agency facility acquisition and development
- Long-term government lease management
- Mission-critical real estate for law enforcement and health agencies
Is DEA a Good Stock to Buy?
UQS Score rates DEA as Below Average overall, reflecting meaningful headwinds across several key pillars.
Valuation is the standout pillar for DEA, rated Good — suggesting the market may already be pricing in the company's challenges. Quality lands at a Neutral rating, reflecting the stability that government leases provide even if operational efficiency leaves room for improvement.
Moat, Growth, and Risk all carry Weak ratings, pointing to limited competitive differentiation, constrained expansion prospects, and elevated financial or operational vulnerabilities that investors should weigh carefully.
See the exact pillar breakdown and full financial metrics by signing up for a UQS Pro account. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does DEA pay dividends?
Yes — Easterly Government Properties, Inc. pays a dividend.
DEA pays a regular dividend, consistent with its structure as a REIT — which is required to distribute the majority of taxable income to shareholders. The dividend appeals to income-focused investors seeking government-backed cash flow stability. However, given the Weak Growth and Risk pillar ratings, investors should assess whether the payout is sustainable relative to the company's earnings profile.
When does DEA report earnings?
Easterly Government Properties reports earnings on a quarterly cadence, typical for U.S.-listed REITs.
The company's results tend to reflect the steady, contractual nature of government leases rather than dramatic swings in revenue. Growth has been modest, consistent with the Weak Growth pillar rating. Occupancy and lease renewal trends are the key metrics to watch each quarter.
For the most recent quarter's results, visit Easterly Government Properties' investor relations page directly.
DEA Price History
-40.3% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Easterly Government Properties, Inc.?
Based on Easterly Government Properties, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
DEA Long-term Outlook
DEA's fundamental outlook is shaped by the tension between its stable government-lease revenue base and the structural constraints flagged by Weak Growth and Risk pillar ratings. Expansion of the portfolio depends heavily on federal budget cycles and GSA procurement activity, which can be unpredictable. The Good Valuation rating suggests limited downside may already be reflected in the share price, but meaningful upside requires improvement in growth and risk dynamics.
Growth drivers
- Continued GSA lease renewals and mission-critical facility demand from federal agencies
- Potential portfolio expansion through government property acquisitions
- Stable, long-duration lease structures providing predictable cash flows
Key risks
- Federal budget uncertainty and government spending constraints limiting new leases
- Weak moat leaves the company exposed to competition for GSA-awarded contracts
- Elevated risk profile may pressure dividend sustainability if occupancy softens
DEA vs Peers
DEA operates in the government and office REIT space alongside several peers with overlapping but distinct strategies.
Piedmont focuses on Sun Belt office markets with a diversified private-sector tenant base, contrasting with DEA's exclusive government-lease model.
JBG SMITH concentrates on mixed-use development in the Washington, D.C. metro area, blending residential and commercial exposure beyond pure government tenancy.
Empire State Realty centers its portfolio on iconic New York City office and retail properties, with no meaningful government-lease concentration.
Frequently Asked Questions
What does Easterly Government Properties do?
Easterly Government Properties acquires, develops, and manages Class A commercial real estate leased to U.S. federal government agencies. Properties are typically mission-critical facilities — such as courthouses, laboratories, and law enforcement offices — leased directly or through the General Services Administration.
Does DEA pay dividends?
Yes, DEA pays a regular dividend. As a REIT, Easterly is required to distribute most of its taxable income to shareholders. Income-focused investors are drawn to the government-backed lease stability, though the Weak Risk pillar rating warrants attention when evaluating payout durability.
When does DEA report earnings?
Easterly Government Properties follows a standard quarterly earnings cadence for U.S.-listed companies. For the exact schedule and most recent results, check the investor relations section of the company's official website.
Is DEA a good stock to buy?
UQS Score rates DEA as Below Average overall. The Valuation pillar is rated Good, and Quality is Neutral, but Moat, Growth, and Risk all carry Weak ratings. Whether DEA fits a portfolio depends on an investor's income needs and tolerance for limited growth prospects. View the full pillar breakdown on UQS Pro.
Is DEA overvalued?
The UQS Valuation pillar for DEA is rated Good, suggesting the stock is not obviously expensive relative to its fundamentals. This may reflect the market pricing in the company's growth and risk challenges. Full valuation metrics are available to UQS Pro members.
How does DEA compare to its competitors?
Unlike peers such as Piedmont Office Realty or JBG SMITH, DEA's portfolio is almost entirely government-leased, which provides revenue predictability but limits diversification. Competitors with private-sector or mixed-use exposure may offer different growth and risk profiles. UQS Score rates each peer separately for a direct comparison.
What is DEA's market cap bracket?
Easterly Government Properties is classified as a small-cap company. This places it below large institutional office REITs in terms of total market value, which can affect liquidity and analyst coverage relative to larger peers.
Who founded Easterly Government Properties?
Easterly Government Properties was founded in 2015. Detailed founding history and leadership background are publicly available through the company's official investor relations materials and SEC filings.
Is DEA a long-term quality investment?
As a long-term quality indicator, DEA's UQS Score of Below Average reflects structural concerns — particularly the Weak Moat, Growth, and Risk ratings. The government-lease model offers stability, but limited competitive differentiation and constrained growth may challenge long-term compounding. Pro members can access the complete multi-pillar analysis.
What is the main competitive advantage of Easterly Government Properties?
Easterly's primary advantage is its specialization in GSA-leased, mission-critical federal properties — a niche that requires regulatory knowledge and government relationships. However, the UQS Moat pillar rates this advantage as Weak, suggesting the barrier to competition is not as durable as it might appear.
What sector does DEA belong to?
DEA belongs to the Real Estate sector, specifically operating as a government-focused REIT. Investors can explore other [top-rated Real Estate stocks](/sector/real-estate) on UQS Score to compare DEA against the broader sector.
Unlock Full DEA Analysis
Sign in to unlock the detailed analysis behind the UQS Score.
- ✓View the exact UQS pillar scores for DEA
- ✓Access complete financial metrics and trend data
- ✓Compare DEA side-by-side with REIT sector peers
- ✓See the full risk and valuation breakdown
- ✓Get the complete analyst-style quality report
Pro Analysis
DEA — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 20, 2026 | 37.6 | 44.5 | 37.0 | 20.9 | 23.7 | 62.9 | +0.3 |
| May 19, 2026 | 37.3 | 44.5 | 37.0 | 19.6 | 23.7 | 62.9 | 0.0 |
| May 18, 2026 | 37.3 | 44.5 | 37.0 | 19.6 | 23.7 | 63.1 | +0.1 |
| May 16, 2026 | 37.2 | 44.5 | 37.0 | 18.9 | 23.7 | 63.1 | 0.0 |
| May 15, 2026 | 37.2 | 44.5 | 37.0 | 18.9 | 23.7 | 63.0 | 0.0 |
| May 14, 2026 | 37.2 | 44.5 | 37.0 | 18.9 | 23.7 | 62.9 | -5.4 |
| May 12, 2026 | 42.6 | 44.5 | 37.0 | 36.4 | 23.7 | 75.8 | 0.0 |
| May 11, 2026 | 42.6 | 44.5 | 37.0 | 36.4 | 23.7 | 75.6 | +1.4 |
| May 10, 2026 | 41.2 | 44.5 | 37.0 | 36.4 | 23.7 | 66.5 | -1.4 |
| May 9, 2026 | 42.6 | 44.5 | 37.0 | 42.5 | 23.7 | 67.5 | -0.4 |
DEA — Pillar Breakdown
Quality
— 44.5/100 (25%)Easterly Government Properties, Inc. has average quality metrics, with room for improvement in margins or capital efficiency.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Free cash flow relative to market value.
Growth
— 20.9/100 (20%)Easterly Government Properties, Inc. faces growth headwinds with declining or stagnant revenue trends.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 23.7/100 (15%)Easterly Government Properties, Inc. presents elevated risk with concerns around leverage or financial stability.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 62.0/100 (15%)Easterly Government Properties, Inc. trades at a reasonable valuation with decent earnings yield and FCF multiples.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
Enterprise value multiple relative to sector median.
Moat
— 37/100 (25%)Easterly Government Properties, Inc. possesses some competitive advantages but faces meaningful competition. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for DEA.
Score Composition
Financial Data
More Stock Analysis
How is the DEA UQS Score Calculated?
The UQS (Unified Quality Score) for Easterly Government Properties, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Easterly Government Properties, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Easterly Government Properties, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.