Easterly Government Properties Posts Q3 Core FFO of $0.78 Per Share, Raises 2026 Outlook

What happened

Easterly Government Properties reported third-quarter 2026 net income of $5.7 million, or $0.12 per share, and Core FFO of $38.0 million, or $0.78 per share. Revenue rose to $93.6 million from $86.2 million a year earlier, and the company raised the lower end of its 2026 Core FFO guidance.

Confirmed

Global impact / market context

Core FFO, which means cash earnings from property operations, rose to $0.78 per share from $0.76. Because Easterly owns buildings leased mostly to government agencies, steady rent supports cash available for expenses and shareholder payouts and helps explain the higher guidance.

Analyst inference

The portfolio was 98% leased across 106 operating properties totaling about 10.7 million leased square feet, which limits empty space and rent loss. Higher revenue plus raised guidance points to stable government tenant demand rather than expansion driven by new construction or borrowed money.

Analyst inference

What to watch

1. The company raised 2026 Core FFO guidance to $3.08–$3.13 per share and forecast 2027 Core FFO of $3.09–$3.17 per share, figures investors can compare with future reported results. Confirmed
2. Watch whether Easterly keeps the 98% leased portfolio full as leases with government agencies come up for renewal, since empty space would reduce rent revenue and cash available to shareholders. Proposed
3. Track net income of $5.7 million against Core FFO of $38.0 million; the gap reflects accounting charges such as depreciation, so rising net income would show property values holding up. Analyst inference

Evidence

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