Easterly Government Properties, Inc. (DEA) Financial Ratios
14 years of historical data (2012–2025) · Real Estate · REIT - Office
EV/EBITDA
↓
13.82
↓-13% vs avg
5yr avg: 15.83
30Y Low11.7·High32.5
P/FCF
↓
4.14
↓-43% vs avg
5yr avg: 7.27
30Y Low3.7·High34.2
P/B Ratio
↓
0.76
↓-19% vs avg
5yr avg: 0.94
30Y Low0.6·High2.3
ROE
↓
0.9%
↑-42% vs avg
5yr avg: 1.6%
30Y Low-3%·High2%
Debt/EBITDA
↑
8.51
+5% vs avg
5yr avg: 8.11
30Y Low4.2·High9.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
DEA Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Easterly Government Properties, Inc. trades at 79.9x earnings, 28% above its 5-year average of 62.5x, sitting at the 63rd percentile of its historical range. Compared to the Real Estate sector median P/E of 24.1x, the stock trades at a premium of 232%. On a free-cash-flow basis, the stock trades at 4.1x P/FCF, 43% below the 5-year average of 7.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.1B | $955M | $1.2B | $1.3B | $1.3B | $1.9B | $1.8B | $1.6B | $861M | $887M | $1.6B |
| Enterprise Value | $2.7B | $2.6B | $2.8B | $2.6B | $2.5B | $3.1B | $2.8B | $2.5B | $1.6B | $1.5B | $1.9B |
| P/E Ratio → | 79.86 | 73.07 | 61.74 | 70.00 | 41.96 | 65.86 | 153.05 | 593.30 | 156.80 | 213.40 | 166.83 |
| P/S Ratio | 3.19 | 2.84 | 3.90 | 4.42 | 4.42 | 7.06 | 7.28 | 7.41 | 5.36 | 6.79 | 15.49 |
| P/B Ratio | 0.76 | 0.70 | 0.85 | 0.90 | 0.92 | 1.35 | 1.37 | 1.37 | 0.84 | 1.12 | 2.33 |
| P/FCF | 4.14 | 3.68 | 7.25 | 11.10 | 10.30 | 4.03 | 12.29 | 11.54 | 13.72 | 18.02 | 34.20 |
| P/OCF | 4.14 | 3.68 | 7.25 | 11.10 | 10.30 | 16.39 | 12.29 | 11.54 | 13.72 | 18.02 | 34.20 |
P/E links to full P/E history page with 30-year chart
DEA EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Easterly Government Properties, Inc.'s enterprise value stands at 13.8x EBITDA, 13% below its 5-year average of 15.8x. The Real Estate sector median is 17.0x, placing the stock at a 19% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 7.78 | 9.13 | 8.90 | 8.66 | 11.42 | 11.24 | 11.42 | 10.09 | 11.10 | 18.24 |
| EV / EBITDA | 13.82 | 13.22 | 15.76 | 16.21 | 14.85 | 19.12 | 11.74 | 11.83 | 16.62 | 18.68 | 32.46 |
| EV / EBIT | 32.62 | 29.70 | 33.23 | 36.40 | 30.64 | 43.25 | 51.97 | 71.46 | 54.83 | 64.57 | 139.56 |
| EV / FCF | — | 10.08 | 16.96 | 22.33 | 20.18 | 6.52 | 18.97 | 17.79 | 25.82 | 29.46 | 40.28 |
DEA Profitability
Margins and return-on-capital ratios measuring operating efficiency
Easterly Government Properties, Inc. earns an operating margin of 24.9%, roughly in line with the Real Estate sector average. Operating margins have expanded from 23.1% to 24.9% over the past 3 years, signaling improving operational efficiency. ROE of 0.9% is modest. ROIC of 2.1% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | -0.9% | -0.9% | 66.5% | 64.3% | 66.7% | 68.3% | 68.3% | 66.8% | 70.0% | 70.4% | 70.4% |
| Operating Margin | 24.9% | 24.9% | 26.0% | 23.1% | 24.8% | 26.5% | 59.9% | 57.7% | 19.4% | 17.4% | 12.3% |
| Net Profit Margin | 3.9% | 3.9% | 6.5% | 6.5% | 10.7% | 10.9% | 4.9% | 3.3% | 3.6% | 3.4% | 3.8% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 0.9% | 0.9% | 1.4% | 1.3% | 2.2% | 2.2% | 1.0% | 0.6% | 0.6% | 0.6% | 0.6% |
| ROA | 0.4% | 0.4% | 0.6% | 0.7% | 1.1% | 1.1% | 0.5% | 0.4% | 0.3% | 0.4% | 0.4% |
| ROIC | 2.1% | 2.1% | 2.1% | 1.9% | 2.1% | 2.2% | 5.1% | 5.0% | 1.5% | 1.5% | 1.1% |
| ROCE | 3.6% | 3.6% | 2.9% | 2.5% | 2.8% | 3.0% | 6.7% | 6.7% | 2.1% | 2.1% | 1.5% |
DEA Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Easterly Government Properties, Inc. carries a Debt/EBITDA ratio of 8.5x, which is highly leveraged (7% above the sector average of 7.9x). Net debt stands at $1.7B ($1.7B total debt minus $23M cash). Interest coverage of just 1.2x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.23 | 1.23 | 1.15 | 0.92 | 0.89 | 0.84 | 0.75 | 0.75 | 0.75 | 0.73 | 0.42 |
| Debt / EBITDA | 8.51 | 8.51 | 9.14 | 8.21 | 7.31 | 7.37 | 4.17 | 4.21 | 7.86 | 7.42 | 4.98 |
| Net Debt / Equity | — | 1.21 | 1.14 | 0.91 | 0.88 | 0.83 | 0.75 | 0.74 | 0.74 | 0.71 | 0.41 |
| Net Debt / EBITDA | 8.39 | 8.39 | 9.03 | 8.15 | 7.27 | 7.31 | 4.13 | 4.16 | 7.79 | 7.25 | 4.90 |
| Debt / FCF | — | 6.40 | 9.71 | 11.23 | 9.88 | 2.49 | 6.68 | 6.25 | 12.10 | 11.44 | 6.08 |
| Interest Coverage | 1.18 | 1.18 | 1.33 | 1.43 | 1.75 | 1.88 | 1.49 | 1.06 | 1.29 | 1.32 | 1.67 |
DEA Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.05x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 0.36x to 0.05x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.05 | 0.05 | 0.27 | 0.36 | 0.35 | 0.49 | 0.27 | 0.59 | 0.36 | 0.39 | 0.11 |
| Quick Ratio | 0.05 | 0.05 | 0.27 | 0.36 | 0.35 | 0.49 | 0.27 | 0.59 | 0.39 | 0.43 | 0.12 |
| Cash Ratio | 0.02 | 0.02 | 0.04 | 0.04 | 0.04 | 0.07 | 0.04 | 0.12 | 0.04 | 0.11 | 0.02 |
| Asset Turnover | — | 0.10 | 0.09 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.09 | 0.09 | 0.10 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
DEA Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Easterly Government Properties, Inc. returns 9.1% to shareholders annually primarily through dividends. The earnings yield of 1.3% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 9.1% | 9.9% | 9.8% | 8.8% | 8.4% | 5.2% | 5.1% | 5.0% | 7.7% | 5.5% | 2.5% |
| Payout Ratio | — | — | 592.8% | 597.6% | 346.9% | 332.7% | 767.1% | 1136.3% | 1156.3% | 1105.7% | 1016.8% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.3% | 1.4% | 1.6% | 1.4% | 2.4% | 1.5% | 0.7% | 0.2% | 0.6% | 0.5% | 0.6% |
| FCF Yield | 24.1% | 27.1% | 13.8% | 9.0% | 9.7% | 24.8% | 8.1% | 8.7% | 7.3% | 5.6% | 2.9% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 9.1% | 9.9% | 9.8% | 8.8% | 8.4% | 5.2% | 5.1% | 5.0% | 7.7% | 5.5% | 2.5% |
| Shares Outstanding | — | $45M | $42M | $38M | $36M | $34M | $32M | $28M | $22M | $17M | $32M |
Peer Comparison
Compare DEA with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 DEAYou | $1B | 79.9 | 13.8 | 4.1 | -0.9% | 24.9% | 0.9% | 2.1% | 8.5 |
 CTRE | $9B | 23.6 | 22.9 | 23.1 | 59.1% | 67.2% | 9.2% | 6.1% | 2.2 |
 GMRE | $94M | 115.3 | 8.3 | — | — | — | -2.2% | — | — |
 GOOD | $584M | 29.4 | 12.1 | 8.7 | 5.9% | 37.2% | 7.5% | 4.4% | 7.2 |
 GTY | $2B | 24.2 | 16.4 | 15.6 | 40.2% | 54.9% | 7.8% | 4.6% | 5.7 |
 VNO | $7B | 9.0 | 18.8 | 5.7 | 100.0% | 15.0% | 13.9% | 1.4% | 10.5 |
 BXP | $10B | 37.2 | 9.2 | 14.9 | 60.6% | 55.7% | 3.5% | 6.1% | 6.1 |
 HIW | $3B | 20.2 | 13.6 | 19.4 | 67.6% | 26.0% | 6.6% | 2.7% | 7.2 |
 PDM | $1B | -13.3 | 11.1 | — | -20.7% | 14.1% | -5.4% | 1.5% | 7.4 |
 CIO | $282M | -11.1 | 11.7 | 4.8 | 59.4% | 10.9% | -2.3% | 1.0% | 8.3 |
 PGRE | $1B | -31.4 | 12.3 | 5.5 | 60.0% | 19.6% | -1.2% | 1.5% | 9.5 |
| Real Estate Median | — | 24.1 | 17.0 | 15.4 | 49.3% | 24.8% | 3.7% | 2.7% | 7.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 14 years · Updated daily
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DEA — Frequently Asked Questions
Quick answers to the most common questions about buying DEA stock.
What is Easterly Government Properties, Inc.'s P/E ratio?
Easterly Government Properties, Inc.'s current P/E ratio is 79.9x. The historical average is 98.7x. This places it at the 63th percentile of its historical range.
What is Easterly Government Properties, Inc.'s EV/EBITDA?
Easterly Government Properties, Inc.'s current EV/EBITDA is 13.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 17.2x.
What is Easterly Government Properties, Inc.'s ROE?
Easterly Government Properties, Inc.'s return on equity (ROE) is 0.9%. The historical average is 0.5%.
Is DEA stock overvalued?
Based on historical data, Easterly Government Properties, Inc. is trading at a P/E of 79.9x. This is at the 63th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Easterly Government Properties, Inc.'s dividend yield?
Easterly Government Properties, Inc.'s current dividend yield is 9.06%.
What are Easterly Government Properties, Inc.'s profit margins?
Easterly Government Properties, Inc. has -0.9% gross margin and 24.9% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Easterly Government Properties, Inc. have?
Easterly Government Properties, Inc.'s Debt/EBITDA ratio is 8.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.