Every material Form 8-K Easterly Government Properties has filed with the SEC since September 16, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Easterly Government Properties reported third-quarter 2026 net income of $5.7 million, or $0.12 per fully diluted share, up from $1.2 million, or $0.03, a year earlier. The company also raised the low end of its full-year 2026 Core FFO per share guidance to $3.08 to $3.13 and issued 2027 guidance of $3.09 to $3.17, which shareholders will weigh against the company's 98% leased portfolio and roughly $1.7 billion of debt.
Q3 2026 Core FFO was $38.0 million, or $0.78 per fully diluted share, compared with $35.6 million, or $0.76, in Q3 2025.
Total revenues were $93.6 million for the quarter, compared with $86.2 million a year earlier.
2026 Core FFO per share guidance low end raised to $3.08 from the prior low end; range is now $3.08 to $3.13.
2027 Core FFO per share guidance issued at $3.09 to $3.17; the company declared a Q3 2026 dividend of $0.45 per share, payable November 20, 2026.
Easterly Government Properties reported second-quarter 2026 total revenues of $92.4 million, up from $84.2 million a year earlier, and Core FFO of $37.4 million, or $0.78 per fully diluted share, up from $0.74. Net income fell to $3.2 million from $4.3 million, and the company raised its full-year 2026 Core FFO per share guidance to $3.07 to $3.13, which matters to shareholders because the core earnings measure and outlook improved while GAAP profit declined.
Q2 total revenues were $92.4 million versus $84.2 million a year earlier; net income was $3.2 million versus $4.3 million.
Q2 Core FFO was $37.4 million, or $0.78 per fully diluted share, versus $0.74 in Q2 2025.
2026 Core FFO per share guidance was raised to $3.07 to $3.13 on a fully diluted basis.
A quarterly dividend of $0.45 per share is payable August 20, 2026 to holders of record on August 10, 2026.
Easterly Government Properties entered into a new $200 million senior unsecured term loan maturing June 2031, with an accordion feature allowing up to $250 million in total. The company said it will use the proceeds to repay borrowings under its $400 million revolving credit facility and for general corporate purposes. The filing also amends its 2016 term loan to remove the SOFR credit spread adjustment, a change that affects borrowing costs for shareholders only indirectly.
New $200 million senior unsecured term loan dated June 25, 2026, with accordion capacity of up to $50 million for a $250 million total
Loan matures in June 2031; initial spread to SOFR set at 1.30%, within a range of 1.20% to 1.70% based on leverage ratio
Proceeds intended to repay borrowings under the $400 million unsecured revolving credit facility and for general corporate purposes
Eleventh Amendment to the 2016 term loan removes the credit spread adjustment on SOFR-based borrowings
Easterly Government Properties reported first-quarter 2026 results on April 27, 2026. Revenue rose to $91.5 million from $78.7 million, and Core FFO rose to $37.1 million ($0.77 per share) from $33.1 million ($0.73 per share), but net income fell to $1.4 million ($0.03 per share) from $3.3 million ($0.07 per share). The company raised the lower end of its full-year 2026 Core FFO per share guidance to a range of $3.06 to $3.12.
Q1 2026 total revenues $91.5 million vs. $78.7 million in Q1 2025; net income $1.4 million, or $0.03 per diluted share, vs. $3.3 million, or $0.07
Core FFO $37.1 million, or $0.77 per fully diluted share, vs. $33.1 million, or $0.73 a year earlier
2026 Core FFO per share guidance raised at the low end to $3.06 to $3.12; quarterly dividend of $0.45 per share payable May 21, 2026
January 16, 2026 acquisition of a 297,713 square foot Virginia campus leased primarily to the Commonwealth of Virginia
At its April 22, 2026 annual meeting, Easterly Government Properties stockholders approved an amendment raising the shares authorized under its 2024 Equity Incentive Plan from 1,440,000 to 4,315,000, an increase of 2,875,000 shares. The company said the change is meant to give it flexibility to grant equity awards to officers, employees, non-employee directors and consultants, and it took effect upon stockholder approval. Stockholders also elected all seven director nominees, approved the executive pay advisory vote and ratified PricewaterhouseCoopers LLP as auditor for 2026.
Plan share authorization rises from 1,440,000 to 4,315,000 shares, adjusted for the 1-for-2.5 reverse stock split effective April 28, 2025.
Plan amendment (Proposal 3): 25,392,675 votes for, 7,101,741 against, 143,641 abstentions and 6,936,065 broker non-votes.
Executive pay advisory vote (Proposal 2): 30,182,355 for and 2,310,990 against.
PricewaterhouseCoopers LLP ratified as independent auditor for fiscal year ending December 31, 2026, with 38,683,687 votes for.
Easterly Government Properties reported fourth-quarter 2025 revenue of $87.0 million, up from $78.3 million a year earlier, but net income fell to $4.8 million ($0.10 per share) from $5.7 million ($0.13 per share). The company maintained its 2026 Core FFO per share guidance of $3.05 to $3.12 and declared a $0.45 per share dividend for the fourth quarter, payable March 19, 2026.
Q4 2025 revenue $87.0 million vs. $78.3 million in Q4 2024; net income $4.8 million, $0.10 per share, vs. $5.7 million, $0.13 per share
Q4 2025 Core FFO $36.8 million, or $0.77 per share on a fully diluted basis; full-year 2025 Core FFO $140.1 million, or $2.99 per share
2026 full-year Core FFO per share guidance maintained at $3.05 to $3.12
Quarterly cash dividend of $0.45 per common share, payable March 19, 2026, to holders of record on March 5, 2026
Easterly reported third-quarter 2025 net income of $1.2 million, or $0.03 per share on a fully diluted basis, down from $5.1 million a year earlier, and included a $2.5 million impairment loss. Total revenues rose to $86.2 million from $74.8 million, and Core FFO per fully diluted share increased to $0.76 from $0.74. The company adjusted its full-year 2025 Core FFO guidance to $2.98 to $3.02 per share and issued 2026 guidance of $3.05 to $3.12 per share.
Q3 2025 net income of $1.2 million, or $0.03 per fully diluted share, versus $5.1 million, or $0.12, in Q3 2024; includes a $2.5 million impairment loss
Total revenues of $86.2 million versus $74.8 million a year earlier; Core FFO of $35.6 million, or $0.76 per fully diluted share, versus $0.74
Full-year 2025 Core FFO per share guidance adjusted to $2.98 to $3.02; 2026 guidance issued at $3.05 to $3.12
Cash dividend of $0.45 per common share for Q3 2025, payable November 20, 2025 to holders of record on November 7, 2025
Easterly Government Properties granted 844,000 performance-based LTIP Units on August 26, 2025 to senior management, named executive officers and non-employee directors under its 2024 Equity Incentive Plan. The awards vest only if the stock's average price reaches $33.78 to $36.03 over eight years, compared with a $22.52 baseline, so they pay out only if shareholders see substantial share price gains.
Total grant of 844,000 LTIP Units; the largest single award went to Mr. Crate at 425,000 units
Full vesting after five years requires the company's highest 20-day average stock price to reach $33.78 (75% earned) or $36.03 (100% earned) within eight years
Baseline price was $22.52, the NYSE closing price on August 25, 2025
Awards vest fully on a change in control under certain conditions, with performance conditions still applying
Easterly Government Properties amended its $200.0 million senior unsecured term loan, extending the maturity from July 23, 2026 to August 21, 2028, with two one-year extension options at the company's discretion. The amendment also removes the minimum consolidated tangible net worth covenant and adds a $100.0 million accordion feature, and the full $200.0 million is drawn after borrowings on the amendment date.
Maturity extended from July 23, 2026 to August 21, 2028, with two one-year extension options that could push it to August 2030
Minimum consolidated tangible net worth financial covenant removed
Accordion feature adds up to $100.0 million of additional borrowing capacity, subject to customary conditions
Term loan is fully drawn at $200.0 million; initial spread set at SOFR plus 1.45%, within a 1.20% to 1.70% range based on leverage
Easterly Government Properties reported second-quarter 2025 results, with total revenues up to $84.2 million from $76.2 million a year earlier. Net income fell to $4.3 million, or $0.09 per diluted share, from $4.9 million, or $0.11, while Core FFO rose to $34.6 million, or $0.74 per share, from $31.4 million, or $0.72. The company maintained its full-year 2025 Core FFO per share guidance of $2.98 to $3.03 and declared a $0.45 per share dividend.
Q2 2025 total revenues were $84.2 million, versus $76.2 million in Q2 2024.
Q2 2025 net income was $4.3 million ($0.09 per diluted share), versus $4.9 million ($0.11) in Q2 2024.
Full-year 2025 Core FFO per share guidance was maintained at $2.98 to $3.03.
Board approved a $0.45 per share dividend, payable August 25, 2025 to holders of record on August 13, 2025.
Effective May 13, 2025, Easterly Government Properties appointed Brian M. Colantuoni, its Senior Vice President and Chief Accounting Officer, as principal accounting officer, while CFO Allison E. Marino continues as principal financial officer. The filing describes a leadership and compensation change rather than a change in control, though its text is labeled Item 5.02 while the submission metadata lists Item 5.01 Change in Control.
Appointment effective May 13, 2025; Colantuoni has served as SVP and Chief Accounting Officer since March 2025
Allison E. Marino, EVP and CFO, previously served as principal accounting officer and will remain principal financial officer
Colantuoni received a restricted common stock grant valued at approximately $200,000, vesting two years from the grant date
Colantuoni was previously an Audit Principal at BDO USA, P.C. (2022 to 2024) and an Audit Director at PricewaterhouseCoopers LLP (2008 to 2022)
Easterly Government Properties reported first-quarter 2025 revenue of $78.7 million, up from $72.8 million a year earlier, and Core FFO of $33.1 million, or $0.73 per diluted share, versus $0.71. Net income fell to $3.3 million, or $0.07 per share, from $4.9 million, or $0.11. The board also cut the quarterly dividend by about 32% to $0.18 per share before a 1-for-2.5 reverse stock split, which the filing says is equal to $0.45 per share after the split.
Revenue was $78.7 million versus $72.8 million; net income was $3.3 million ($0.07 per diluted share) versus $4.9 million ($0.11).
Core FFO was $33.1 million ($0.73 per diluted share) versus $30.8 million ($0.71).
The board cut the quarterly dividend by $0.085, or about 32%, to $0.18 per share before the reverse split, which took effect April 28, 2025; the post-split dividend is $0.45, payable May 17, 2025.
The company raised the lower end of its 2025 Core FFO per share guidance, which is now $2.98 to $3.03.
Easterly Government Properties reported fourth-quarter 2024 net income of $5.7 million ($0.05 per share fully diluted) and Core FFO of $32.6 million ($0.29 per share). The company raised the lower end of its 2025 Core FFO per share guidance, now $1.18 to $1.21, and the board approved a $0.265 per share dividend for the fourth quarter.
Q4 2024 net income of $5.7 million, or $0.05 per share; Core FFO of $32.6 million, or $0.29 per share
Full-year 2024 net income of $20.6 million ($0.19 per share) and Core FFO of $126.9 million ($1.17 per share); results were at the upper end of raised guidance
2025 Core FFO per share guidance of $1.18 to $1.21 after raising the lower end; assumes $100 million of wholly owned acquisitions
Quarterly dividend of $0.265 per share, payable March 17, 2025 to holders of record on March 5, 2025
Easterly Government Properties amended its senior unsecured term loan, extending the maturity from January 30, 2025 to January 28, 2028, with two one-year extension options that could push it to January 28, 2030. The amendment also raises the accordion feature capacity from $150 million to $250 million and sets an interest rate swap fixing SOFR at 3.8569%. The changes give the company more time to repay its debt and more borrowing room, with no change to the other core loan terms.
Maturity extended from January 30, 2025 to January 28, 2028, with two one-year options to January 28, 2030
Accordion feature capacity increased from $150 million to $250 million
Interest rate swap fixes SOFR at 3.8569% annually; initial spread to SOFR set at 1.35%
Amendment dated January 8, 2025 with PNC Bank as administrative agent
Easterly Government Properties reported third quarter 2024 results on November 5, 2024. Total revenue rose to $74.8 million from $72.0 million a year earlier, and Core FFO rose to $32.2 million, or $0.30 per share, from $30.2 million, or $0.29 per share, while net income fell to $5.1 million, or $0.05 per share, from $6.1 million, or $0.06 per share. The company maintained its 2024 Core FFO guidance of $1.15 to $1.17 per share and introduced 2025 guidance of $1.17 to $1.21 per share.
Total revenue of $74.8 million in Q3 2024, up from $72.0 million in Q3 2023
Net income of $5.1 million, or $0.05 per share, down from $6.1 million, or $0.06 per share
Core FFO of $32.2 million, or $0.30 per share, up from $0.29 per share a year earlier
2024 Core FFO guidance maintained at $1.15 to $1.17 per share; 2025 guidance introduced at $1.17 to $1.21 per share
Easterly Government Properties said its Chief Executive Officer, Darrell W. Crate, was also appointed President effective September 13, 2024, replacing Meghan G. Baivier, who had departed the company. The filing gives no financial figures, and the change was previously disclosed in an August 21, 2024 Form 8-K.
Darrell W. Crate, CEO, appointed to also serve as President effective September 13, 2024
Replaces Meghan G. Baivier, who departed the company
Departure was previously announced in an 8-K filed August 21, 2024
No arrangements or family relationships disclosed in connection with the appointment
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