The firm has expanded its total asset base to $3.4B as of 2026Q1, though the debt-to-equity ratio remains elevated at 0.86, reflecting a reliance on external financing for growth.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 |
|---|
| Total Assets | 3.42B | 3.38B | 3.22B | 2.88B | 2.83B | 2.83B | 2.46B | 2.23B | 1.86B | 1.43B | 1.05B | 912.05M | 300.5M | 177.9M | 103.87M |
| Asset Growth % | 32.02% | 4.86% | 11.92% | 1.78% | 0.12% | 15% | 9.98% | 20.04% | 30.6% | 36.34% | 14.63% | 203.51% | 68.92% | 71.27% | - |
| Real Estate & Other Assets | 0 | -3.05B | 2.61B | 2.36B | 2.32B | 2.43B | 2.23B | 2.01B | 1.63B | 1.24B | 907.64M | 2.77M | 1.39M | 772K | 398K |
| PP&E (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.63B | 1.23B | 901.42M | 772.01M | 0 | 0 | 0 |
| Investment Securities | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 0 | -1000K | -1000K | -1000K | 0 | 1000K | 1000K | 1000K |
| Total Current Assets | 75.06M | 74.87M | 133.06M | 88.21M | 76.11M | 78.88M | 59.75M | 60.96M | 62.24M | 47.14M | 24.03M | 20.69M | 31.44M | 4.03M | 720K |
| Cash & Equivalents | 2.02M | 23.37M | 19.35M | 9.38M | 7.58M | 11.13M | 8.46M | 12.01M | 6.85M | 12.68M | 4.84M | 8.18M | 31.44M | 3.36M | 720K |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 0 | 0 |
| Other Current Assets | 0 | 0 | 8.45M | 12.56M | 9.7M | -20.89M | -19.54M | 3.54M | 4.25M | 3.52M | 1.65M | 3.25M | 0 | 0 | 0 |
| Intangible Assets | 189.53M | 183.91M | 161.43M | 148.45M | 157.28M | 186.31M | 163.39M | 168.63M | 165.67M | 143.06M | 113.8M | 116.58M | 0 | 0 | 0 |
| Total Liabilities | 2.06B | 2.01B | 1.84B | 1.47B | 1.42B | 1.38B | 1.16B | 1.03B | 836.3M | 634.25M | 348.6M | 292.15M | 3.32M | 1.22M | 443K |
| Total Debt | 1.17B | 1.68B | 1.6B | 1.29B | 1.25B | 1.21B | 978.26M | 901.84M | 766.36M | 575.89M | 292.97M | 238.2M | 0 | 0 | 0 |
| Net Debt | 1.17B | 1.66B | 1.58B | 1.29B | 1.24B | 1.2B | 969.79M | 889.83M | 759.5M | 563.21M | 288.13M | 230.03M | -31.44M | -3.36M | -720K |
| Long-Term Debt | 0 | 1.66B | 1.32B | 1.22B | 1.19B | 1.2B | 899.01M | 901.84M | 766.36M | 572.79M | 80.81M | 235.34M | 0 | 0 | 0 |
| Short-Term Borrowings | 1.17B | 10.71M | 274.55M | 79M | 65.5M | 14.5M | 79.25M | 0 | 0 | 0 | 0 | 2.86M | 0 | 0 | 0 |
| Capital Lease Obligations | 1.96M | 15.46M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 1.4B | 1.39B | 496.8M | 241.92M | 216.15M | 162.52M | 220.38M | 102.49M | 172.06M | 119.54M | 225.95M | 9.35M | 3.32M | 1.22M | 443K |
| Accounts Payable | 0 | 109.69M | 101.27M | 80.21M | 67.34M | 60.89M | 48.55M | 47.83M | 34.24M | 19.79M | 13.78M | 9.35M | 3.32M | 1.22M | 443K |
| Deferred Revenue | 230.03M | 219.2M | 120.98M | 82.71M | 83.31M | 87.13M | 92.58M | 54.66M | 97.44M | 79.96M | 198.38M | -9.35M | 0 | 0 | 0 |
| Other Liabilities | 665.34M | 108.56M | 14.88M | 12.48M | -66.92M | -61.72M | -54.39M | -24.24M | -316.49M | -315.49M | 186.99M | -26.98M | 0 | 0 | 0 |
| Total Equity | 1.36B | 1.37B | 1.39B | 1.41B | 1.41B | 1.44B | 1.3B | 1.2B | 1.03B | 791.09M | 696.87M | 619.89M | 297.18M | 176.68M | 103.43M |
| Equity Growth % | -3.09% | -1.27% | -1.59% | -0.1% | -2.12% | 10.89% | 8.35% | 17.03% | 29.6% | 13.52% | 12.42% | 108.59% | 68.2% | 70.83% | - |
| Shareholders Equity | 1.31B | 1.32B | 1.32B | 1.32B | 1.24B | 1.28B | 1.15B | 1.06B | 894.16M | 667.81M | 559.3M | 377.26M | 13.34M | -1.84M | -2.01M |
| Minority Interest | 46.66M | 46.43M | 66M | 87.31M | 166.1M | 158.91M | 145.4M | 137.22M | 131.09M | 123.28M | 137.56M | 242.63M | 283.85M | 178.53M | 105.43M |
| Common Stock | 464K | 463K | 1.08M | 1.01M | 908K | 901K | 821K | 748K | 608K | 448K | 369K | 241K | 13.34M | 0 | 0 |
| Additional Paid-in Capital | 0 | 1.96B | 1.87B | 1.78B | 1.62B | 1.6B | 1.42B | 1.26B | 1.02B | 740.55M | 597.16M | 391.77M | 1K | 0 | 0 |
| Retained Earnings | 146.22M | -631.16M | 131.85M | 112.3M | 93.5M | 62.02M | 31.96M | 20M | 12.83M | 7.13M | 1.72M | -1.69M | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14.74M | 0 | 0 | 0 |
| Return on Assets (ROA) | 0.43% | 0.39% | 0.64% | 0.66% | 1.11% | 1.14% | 0.51% | 0.35% | 0.35% | 0.36% | 0.4% | -0.21% | 1% | -3.06% | -2.54% |
| Return on Equity (ROE) | 1.07% | 0.94% | 1.4% | 1.33% | 2.21% | 2.19% | 0.96% | 0.65% | 0.63% | 0.6% | 0.6% | -0.28% | 1.01% | -3.08% | -2.56% |
| Debt / Assets | 34.19% | 49.78% | 49.61% | 44.96% | 44.23% | 42.85% | 39.81% | 40.36% | 41.17% | 40.4% | 28.02% | 26.12% | - | - | - |
| Debt / Equity | 0.86x | 1.23x | 1.15x | 0.92x | 0.89x | 0.84x | 0.75x | 0.75x | 0.75x | 0.73x | 0.42x | 0.38x | - | - | - |
| Net Debt / EBITDA | 5.76x | 8.39x | 9.03x | 8.15x | 7.27x | 7.31x | 4.13x | 4.16x | 7.79x | 7.25x | 4.90x | 7.02x | -1.10x | - | - |
| Book Value per Share | 29.18 | 30.40 | 33.42 | 37.27 | 38.79 | 42.59 | 41.25 | 43.34 | 46.66 | 47.58 | 21.53 | 72.32 | 41.84 | 18.28 | 11.56 |
Federal footprint consolidation risk
As reported in financial statements, DEA has grown its total assets from $2.9B in 2023Q4 to $3.4B in 2026Q1, indicating a consistent strategy of portfolio expansion that appears to be funded by a combination of debt and equity issuance to support its mission-critical asset acquisition pipeline.
The steady increase in total assets suggests that management remains committed to scaling its footprint of specialized government facilities. Investors should monitor whether this growth trajectory continues to yield accretive returns on invested capital, as the company must balance the acquisition of new assets with the inherent risks of federal lease renewals.
Based on the provided quarterly figures, DEA's debt-to-equity ratio has fluctuated between 0.85 and 1.25 over the last ten quarters, suggesting that the company maintains a moderate leverage profile that appears to be managed in alignment with its ongoing property acquisition and development activities.
The observed volatility in the debt-to-equity ratio may reflect the timing of capital market transactions used to fund asset growth. While the current leverage levels appear manageable, the reliance on debt to finance specialized government infrastructure warrants careful observation of interest rate sensitivity and the company's ability to refinance maturing obligations.
According to recent SEC filings, DEA's cash position has shown significant variability, dropping from $46.4M in 2024Q1 to $2.0M in 2026Q1, which may indicate a tightening of available liquidity as the company deploys capital into its specialized real estate portfolio and ongoing operational requirements.
The reduction in cash reserves suggests that the company is actively utilizing its liquid assets to fund growth or meet debt service obligations. This trend warrants further investigation into the company's revolver capacity and its ability to maintain sufficient liquidity to navigate potential shifts in federal leasing demand or unexpected capital expenditures.
As evidenced by the reported $0 value for net property, plant, and equipment in several periods, the balance sheet may be subject to accounting distortions that mask the true economic value and maintenance requirements of the company's specialized government-leased facility portfolio.
The absence of consistent PPE reporting suggests that standard balance sheet metrics may not fully capture the physical condition or capital intensity of the assets. Investors should be cautious, as this lack of transparency may obscure deferred maintenance liabilities that could impact future cash flows and the long-term viability of the government-leased portfolio.
Quick answers to the most common questions about buying DEA stock.
As of 2025, Easterly Government Properties, Inc. (DEA) had total assets of $3.38B including $74.9M in current assets.
Easterly Government Properties, Inc. (DEA) carries total debt of $1.68B. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Easterly Government Properties, Inc. (DEA) has total shareholders' equity (book value) of $1.32B ($30.40 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Easterly Government Properties, Inc. (DEA) reported a current ratio of 0.05x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.