Easterly Government Properties Q1 Core FFO rises to $0.73; dividend cut 32%
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.
Key points
- 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.
The filing
Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 29, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.