Easterly Government Properties Q2 Core FFO beats estimates; raises 2026 outlook

• US government property REIT's Q2 Core FFO beat analyst expectations
• Q2 rental income rose to $89.7 mln, net income was $3.2 mln
• Company raised 2026 Core FFO per share guidance

Easterly raises 2026 Core FFO per share guidance to $3.07-$3.13, fully diluted basis. Company guidance assumes $50 mln in acquisitions and $50-$100 mln in development investment for 2026.

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"
• The average consensus recommendation for the commercial reits peer group is "buy"
• Wall Street's median 12-month price target for Easterly Government Properties Inc is $24.00, about 1.5% below its July 31 closing price of $24.36
• The stock recently traded at 107 times the next 12-month earnings vs. a P/E of 58 three months ago

• PORTFOLIO STABILITY - Co said high occupancy and long-term government leases supported earnings stability
• CAPITAL MARKETS ACTIVITY - Co cited strong execution in capital markets, including new debt facility and equity issuance, as supporting confidence in earnings outlook