# Easterly Q3 2026 Earnings Report

> Easterly Government Properties reports 2.6% core FFO growth with $93.6M revenue and $3.08-$3.13 per share 2026 guidance.
- Title: Easterly Q3 2026 Earnings Report · The Motley Fool | Shortify
- Summary: Easterly Government Properties reports 2.6% core FFO growth with $93.6M revenue and $3.08-$3.13 per share 2026 guidance. Easterly achieved 2.6%…
- Keywords: easterly, dea, core ffo, revenue, leverage, acquisitions, lease renewals, faa chicago, loma linda loan, finance, money, 2026
- Source: The Motley Fool — https://fool.com/earnings/call-transcripts/2026/10/26/easterly-dea-q3-2026-earnings-call-transcript
- Author: Motley Fool Transcribing
- Published: 2026-10-26T17:24:16+00:00
- Read time: 2 min
- Topics: easterly, dea, core ffo, revenue, leverage, acquisitions, lease renewals, faa chicago, loma linda loan, finance, money
## Q3 2026 Results
Easterly reported core FFO per share growth of 2.6% year over year to $0.78.
## Revenue Growth
Total revenue reached $93.6 million, an 8.7% increase driven by acquisitions and lease renewals.
## EBITDA Performance
EBITDA grew to $59 million, reflecting 8.9% year over year growth from $54.2 million.
## Net Income
Net income per share was $0.12 on a fully diluted basis, up from $0.03 in Q3 2025.
## 2026 Guidance
2026 core FFO guidance raised to $3.08-$3.13 per share, an increase at the low end of previous range.
## 2027 Guidance
2027 core FFO guidance set at $3.09-$3.17 per share with midpoint implying 1% growth over 2026.
## Portfolio Occupancy
Portfolio occupancy rate reached 98% with weighted average lease term of 9.2 years.
## Dividend Payout
Dividend payout ratio reduced to 67% from 117% over three years with $32.8 million cash available for distribution.
## Leverage Metrics
Net debt to annualized EBITDA improved to 7.1x from second quarter, targeting 6.5x or lower.
## Acquisition Pipeline
Acquisition pipeline valued at $1.5 billion with 30% to 35% churn as seller expectations align.
## FAA Chicago Extension
Nine-month lease extension executed with six months of firm term for incremental earnings in 2026 and 2027.
## Loma Linda Loan
Loma Linda loan maturity expected to be addressed through refinancing or investment grade issuance.
## Soft-Term Lease Exposure
Soft-term lease exposure reduced to 2.3% of annualized income from 5.2% at year-end 2024.
## FDLE Facility
FDLE laboratory facility completed in October 2026 in Fort Myers, Florida after 15-month construction.
## 2027 Development Guidance
Expected $50 million of wholly owned acquisitions and $25-$50 million of gross development investment in 2027.
## 2027 Lease Renewals
Upcoming renewals expected to achieve net effective rent spreads in mid- to high teens with $35 tenant improvement capital.
## Key takeaway

Easterly achieved 2.6% year-over-year core FFO growth and raised 2026 guidance to $3.08-$3.13 per share while addressing FAA Chicago lease extension and Loma Linda loan maturity headwinds.