Easterly Government Properties, Inc. Surveillance Report
Easterly Government Properties Overview
Established in 2015, Easterly Government Properties, Inc. (Easterly or DEA) specializes in the ownership, management, and development of single-tenant properties primarily leased to the U.S. government, either directly or through the General Services Administration (GSA).
Easterly is one of the largest landlords to the U.S. government, with management estimating that the Company owns approximately 4.9% of the federal government’s leased real estate portfolio.
In 2024, Easterly broadened its investment strategy to include properties leased to state and local governments and properties leased to private sector tenants in government-related industries. These investments, which carry higher internal growth rates, currently comprise 14% of lease income.
Portfolio Summary
The DEA portfolio includes interests in 106 operating properties across 27 states and is 98% leased, with a weighted-average remaining lease…
Log in or Sign up for free access to this report.
KBRA is a global full-service rating agency with a mission to set a standard of excellence and integrity. Established in 2010, KBRA remains dedicated to the restoration of trust in credit ratings by creating new standards for assessing risk and by offering timely and transparent ratings. KBRA provides market participants with an alternative solution by delivering in-depth research across various sectors within the United States and European markets. We strive to provide the investment community with the products and tools needed to make informed investment decisions.