DEA
Easterly Government Properties, Inc.
DEA's fundamentals are mixed: revenue grew 11%, but its operating margin fell 2 points to 24%. At 79x earnings, it's trading above its usual 70x. Analysts expect strong earnings growth.
DEA Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| N/A | |
| N/A |
DEA's profitability is currently healthy, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for real estate companies like DEA.
DEA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 43x | $22.00 | — |
| Cheap | 51x | $14.20 | -35% |
| Fair | 70x | $19.64 | -11% |
| Current | 79x | $22.00 | — |
| Expensive | 155x | $43.44 | +97% |
Historical ranges are pointers, not guarantees.
DEA's PE is in its fair range at 79x. If earnings grow as analysts expect, today's price would be 43x next year's earnings, in its cheap range.
DEA Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect DEA's earnings to grow and its profitability to improve, with its revenue holding steady.
DEA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.51 | +82% |
| Q3 2026 | $0.28 | -6.7% |
| Q2 2026 | $0.19 | -54% |
| Q1 2026 | $0.22 | -48% |
| Q4 2025 | $0.27 | -40% |
| Q3 2025 | $0.30 | -29% |
| Q2 2025 | $0.41 | -8.9% |
| Q1 2025 | $0.42 | -11% |
| Q4 2024 | $0.45 | -4.3% |
DEA's earnings per share have fallen from their peak: $0.28 over the past year, against $0.87 in late 2021.
DEA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $93.6M | +8.7% |
| Q2 2026 | $92.4M | +9.7% |
| Q1 2026 | $91.5M | +16% |
| Q4 2025 | $87M | +11% |
| Q3 2025 | $86.2M | +15% |
| Q2 2025 | $84.2M | +11% |
| Q1 2025 | $78.7M | +8.1% |
| Q4 2024 | $78.3M | +7.8% |
DEA's revenue has grown year over year for 11 quarters in a row: $94M last quarter, up 8.7% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 26% | +0.9 points |
| Q2 2026 | 24% | -1.6 points |
| Q1 2026 | 22% | -3.5 points |
| Q4 2025 | 24% | -2.5 points |
| Q3 2025 | 25% | -1.7 points |
| Q2 2025 | 25% | +0.9 points |
| Q1 2025 | 25% | +1.4 points |
| Q4 2024 | 27% | +3.7 points |
DEA's operating margin was 26% last quarter, up 0.9 points from the same quarter a year ago.
DEA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $47.4M | -69% |
| Q2 2026 | $44.6M | +17% |
| Q1 2026 | $27.3M | +13% |
| Q4 2025 | $41.9M | +71% |
| Q3 2025 | $155M | +171% |
| Q2 2025 | $38.1M | -33% |
| Q1 2025 | $24.2M | +1.2% |
| Q4 2024 | $24.6M | +40% |
DEA's free cash flow was $161M over the past year, down 33% from the year before. Free cash flow isn't a meaningful measure for real estate companies like DEA.
DEA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.8% | +855K shares |
| 1 year | +4.5% | +2.1M shares |
| 3 years | +27% | +10M shares |
| 5 years | +41% | +13.8M shares |
| Available history | +72% | +19.9M shares |
DEA has 48M diluted shares, up 4.5% from a year ago.
DEA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 7.8x | High |
| Q2 2026 | 8.2x | High |
| Q1 2026 | 8.4x | High |
| Q4 2025 | 8.3x | High |
| Q3 2025 | 8.5x | High |
| Q2 2025 | 9.3x | High |
| Q1 2025 | 8.9x | High |
| Q4 2024 | 9.1x | High |
DEA's net debt is about 7.8 years of its operating earnings (EBITDA), down from 8.5 years a year ago. Net leverage isn't a meaningful measure for real estate companies like DEA.
DEA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 39.6 | Neutral |
| Stochastic | 20.8 | Neutral |
DEA's weekly RSI is 40 (neutral) and its Stochastic is 21 (neutral).
DEA PE vs Real Estate Sector
| Metric | DEA | Sector median | Relative |
|---|---|---|---|
| PE | 79x | 24x | 229% above |
| PE % | 61 | 23 | 38 pts above |
DEA is trading at 79x earnings, a 229% premium to the Real Estate sector's median of 24x.
DEA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $22.6 | 2.6% below |
| 20 week MA | $23.9 | 7.8% below |
| 50 week MA | $23.3 | 5.6% below |
| 100 week MA | $23.5 | 6.5% below |
| 200 week MA | $28.1 | 22% below |
DEA is in a downtrend: it's below all five of its weekly moving averages, and 22% below its 200-week average.
DEA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $58.5 | $55.5 | -5.2% |
| 2021 | $55.5 | $56.3 | +1.5% |
| 2022 | $56.3 | $35.1 | -38% |
| 2023 | $35.1 | $33.6 | -4.1% |
| 2024 | $33.6 | $28.0 | -17% |
| 2025 | $28.0 | $21.3 | -24% |
| 2026 YTD | $21.3 | $22.0 | +3.2% |
DEA has finished four years in a row lower, and it's up 3.2% so far in 2026.