Easterly Posts $0.78 Core FFO, Lifts Low End of 2026 Guidance, Adds 2027 Outlook
DEA is trading near its 52-week low of $20.56 (10.0% above the low).
Summary
Easterly reported Q3 2026 Core FFO of $38.0 million, or $0.78 per fully diluted share, up from $0.76 a year earlier, on net income of $5.7 million ($0.12 per share). The company raised the lower end of its full-year 2026 Core FFO guidance to a $3.08-$3.13 range and issued initial 2027 guidance of $3.09-$3.17, implying little growth next year. The portfolio stayed 98% leased across 106 operating properties with a 9.2-year weighted average remaining lease term, and the balance sheet carries $1.7 billion of debt at a 4.6% weighted average rate with 3.8 years of weighted average maturity. Management also collected the $35.6 million Bedford construction loan repayment early and renewed USCIS - Lincoln on a new 15-year lease, while the board declared a $0.45 quarterly dividend payable November 20. The 2027 range bracketing 2026 is the key item — it caps the growth story even as the low end of this year's guide moves up. The 11:00 am ET call today is where management will have to defend that flat 2027 outlook.
At the time of this announcement, DEA was trading at $22.61 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $1.1B. The 52-week trading range was $20.56 to $25.96. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: BusinessWire.