Easterly Government Properties’ Q2 2026 earnings call drew CEO Darrell Crate, CFO Allison Marino, IR director Cole Bardawill, analysts.
Core FFO per share was $0.78, up from $0.74; revenue was $92.4 million; occupancy was 98%; weighted average lease term was 9.2 years.
Full-year core FFO per share guidance was raised to $3.07-$3.13, midpoint $3.10; assumptions include $50-$100 million of development investment and $50 million of acquisitions.
The company closed a $200 million unsecured 5-year term loan at 130 basis points over SOFR; proceeds repaid the revolver; net debt/EBITDA was 7.3x.
Management flagged a $1.5 billion pipeline and a targeted mezzanine program of $30-$50 million; the FAA tenant is expected to remain through the October lease end.
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