(DEA) Eerly Govt Ppty - Overview

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US27616P3010

Stock: Office, Leasing, Acquisition, Management, Development

Total Rating 26
Risk 44
Buy Signal -0.09

EPS (Earnings per Share)

EPS (Earnings per Share) of DEA over the last years for every Quarter: "2020-12": 0.03, "2021-03": 0.08, "2021-06": 0.1, "2021-09": 0.09, "2021-12": 0.08, "2022-03": 0.08, "2022-06": 0.08, "2022-09": 0.01, "2022-12": 0.18, "2023-03": 0.04, "2023-06": 0.05, "2023-09": 0.06, "2023-12": 0.04, "2024-03": 0.05, "2024-06": 0.04, "2024-09": 0.05, "2024-12": 0.05, "2025-03": 0.07, "2025-06": 0.09, "2025-09": 0.02,

Revenue

Revenue of DEA over the last years for every Quarter: 2020-12: 65.203, 2021-03: 65.001, 2021-06: 68.614, 2021-09: 69.608, 2021-12: 71.908, 2022-03: 72.302, 2022-06: 73.582, 2022-09: 75.871, 2022-12: 74.594, 2023-03: 72.622, 2023-06: 72.791, 2023-09: 73.36, 2023-12: 73.952, 2024-03: 72.8, 2024-06: 76.221, 2024-09: 74.781, 2024-12: 78.25, 2025-03: 78.675, 2025-06: 84.234, 2025-09: 86.151,

Dividends

Dividend Yield 7.41%
Yield on Cost 5y 3.34%
Yield CAGR 5y 6.39%
Payout Consistency 95.2%
Payout Ratio 9.7%
Risk 5d forecast
Volatility 26.1%
Relative Tail Risk -5.39%
Reward TTM
Sharpe Ratio -0.17
Alpha -16.01
Character TTM
Beta 0.607
Beta Downside 0.964
Drawdowns 3y
Max DD 42.24%
CAGR/Max DD -0.20

Description: DEA Eerly Govt Ppty January 19, 2026

Easterly Government Properties, Inc. (NYSE: DEA) is a Washington, D.C.–based REIT that acquires, develops, and manages Class A office assets leased almost exclusively to U.S. federal agencies, either directly or through the General Services Administration (GSA). Its business model hinges on long-term, credit-worthy government leases that typically include built-in rent escalations and renewal options.

Key performance indicators (KPIs) that investors watch include: 

  • Occupancy ≈ 96% (2023 year-end), reflecting the high demand for secure government space.
  • Funds from Operations (FFO) growth of ~4% YoY in 2023, driven by rent escalations and modest portfolio expansion.
  • Debt-to-Equity ratio of ~1.2×, indicating a leveraged but manageable capital structure given the low-risk tenant base.

Sector drivers that materially affect DEA’s outlook are: 

  • Federal discretionary spending trends, especially in defense and homeland security, which set the ceiling for agency-level space demand.
  • GSA lease-rate adjustments tied to the Consumer Price Index, influencing rent growth across the portfolio.
  • Macro-interest-rate environment; lower rates reduce borrowing costs and support REIT valuations, while rate hikes can pressure acquisition financing.

For a data-rich, side-by-side comparison of DEA’s valuation metrics and scenario analysis, consult ValueRay’s dedicated DEA dashboard.

Piotroski VR‑10 (Strict, 0-10) 4.0

Net Income: 13.9m TTM > 0 and > 6% of Revenue
FCF/TA: 0.07 > 0.02 and ΔFCF/TA 3.02 > 1.0
NWC/Revenue: -403.7% < 20% (prev -64.94%; Δ -338.8% < -1%)
CFO/TA 0.07 > 3% & CFO 241.8m > Net Income 13.9m
Net Debt (1.17b) to EBITDA (197.0m): 5.92 < 3
Current Ratio: 0.05 > 1.5 & < 3
Outstanding Shares: last quarter (44.7m) vs 12m ago 7.43% < -2%
Gross Margin: 66.83% > 18% (prev 0.66%; Δ 6617 % > 0.5%)
Asset Turnover: 10.10% > 50% (prev 9.60%; Δ 0.50% > 0%)
Interest Coverage Ratio: 0.59 > 6 (EBITDA TTM 197.0m / Interest Expense TTM 148.3m)

Altman Z'' -2.17

A: -0.39 (Total Current Assets 70.1m - Total Current Liabilities 1.39b) / Total Assets 3.38b
B: 0.04 (Retained Earnings 140.3m / Total Assets 3.38b)
C: 0.03 (EBIT TTM 88.1m / Avg Total Assets 3.24b)
D: 0.07 (Book Value of Equity 136.1m / Total Liabilities 2.00b)
Altman-Z'' Score: -2.17 = D

Beneish M -3.31

DSRI: 0.59 (Receivables 66.0m/101.0m, Revenue 327.3m/297.8m)
GMI: 0.99 (GM 66.83% / 66.02%)
AQI: 1.10 (AQ_t 0.18 / AQ_t-1 0.16)
SGI: 1.10 (Revenue 327.3m / 297.8m)
TATA: -0.07 (NI 13.9m - CFO 241.8m) / TA 3.38b)
Beneish M-Score: -3.31 (Cap -4..+1) = AA

What is the price of DEA shares?

As of February 07, 2026, the stock is trading at USD 24.16 with a total of 357,314 shares traded.
Over the past week, the price has changed by +3.29%, over one month by +11.59%, over three months by +15.10% and over the past year by -4.73%.

Is DEA a buy, sell or hold?

Eerly Govt Ppty has received a consensus analysts rating of 3.00. Therefor, it is recommend to hold DEA.
  • StrongBuy: 1
  • Buy: 0
  • Hold: 4
  • Sell: 2
  • StrongSell: 0

What are the forecasts/targets for the DEA price?

Issuer Target Up/Down from current
Wallstreet Target Price 23.9 -1%
Analysts Target Price 23.9 -1%
ValueRay Target Price 26 7.6%

DEA Fundamental Data Overview February 03, 2026

P/E Trailing = 77.9667
P/E Forward = 64.1026
P/S = 3.6073
P/B = 0.7998
Revenue TTM = 327.3m USD
EBIT TTM = 88.1m USD
EBITDA TTM = 197.0m USD
Long Term Debt = 1.64b USD (from longTermDebt, last quarter)
Short Term Debt = 1.17b USD (from shortTermDebt, last quarter)
Debt = 1.17b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.17b USD (from netDebt column, last quarter)
Enterprise Value = 2.37b USD (1.21b + Debt 1.17b - CCE 4.36m)
Interest Coverage Ratio = 0.59 (Ebit TTM 88.1m / Interest Expense TTM 148.3m)
EV/FCF = 9.81x (Enterprise Value 2.37b / FCF TTM 241.8m)
FCF Yield = 10.19% (FCF TTM 241.8m / Enterprise Value 2.37b)
FCF Margin = 73.88% (FCF TTM 241.8m / Revenue TTM 327.3m)
Net Margin = 4.24% (Net Income TTM 13.9m / Revenue TTM 327.3m)
Gross Margin = 66.83% ((Revenue TTM 327.3m - Cost of Revenue TTM 108.6m) / Revenue TTM)
Gross Margin QoQ = 65.72% (prev 67.12%)
Tobins Q-Ratio = 0.70 (Enterprise Value 2.37b / Total Assets 3.38b)
Interest Expense / Debt = 8.00% (Interest Expense 93.7m / Debt 1.17b)
Taxrate = 21.0% (US default 21%)
NOPAT = 69.6m (EBIT 88.1m * (1 - 21.00%))
Current Ratio = 0.05 (Total Current Assets 70.1m / Total Current Liabilities 1.39b)
Debt / Equity = 0.88 (Debt 1.17b / totalStockholderEquity, last quarter 1.33b)
Debt / EBITDA = 5.92 (Net Debt 1.17b / EBITDA 197.0m)
Debt / FCF = 4.82 (Net Debt 1.17b / FCF TTM 241.8m)
Total Stockholder Equity = 1.33b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.43% (Net Income 13.9m / Total Assets 3.38b)
RoE = 1.04% (Net Income TTM 13.9m / Total Stockholder Equity 1.33b)
RoCE = 2.97% (EBIT 88.1m / Capital Employed (Equity 1.33b + L.T.Debt 1.64b))
RoIC = 2.34% (NOPAT 69.6m / Invested Capital 2.97b)
WACC = 7.25% (E(1.21b)/V(2.38b) * Re(8.15%) + D(1.17b)/V(2.38b) * Rd(8.00%) * (1-Tc(0.21)))
Discount Rate = 8.15% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 6.51%
[DCF Debug] Terminal Value 81.75% ; FCFF base≈196.4m ; Y1≈209.4m ; Y5≈252.1m
Fair Price DCF = 86.22 (EV 5.14b - Net Debt 1.17b = Equity 3.98b / Shares 46.1m; r=7.25% [WACC]; 5y FCF grow 7.40% → 2.90% )
EPS Correlation: -16.80 | EPS CAGR: -30.90% | SUE: -1.41 | # QB: 0
Revenue Correlation: 78.29 | Revenue CAGR: 4.94% | SUE: 0.78 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.09 | Chg30d=N/A | Revisions Net=+0 | Analysts=1
EPS next Year (2026-12-31): EPS=0.46 | Chg30d=+0.000 | Revisions Net=-1 | Growth EPS=+58.6% | Growth Revenue=+7.2%

Additional Sources for DEA Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Fund Manager Positions: Dataroma | Stockcircle