Easterly Government Properties, Inc. DEA

Company Overview

Easterly Government Properties, Inc. is a publicly traded real estate investment trust (REIT) that owns, develops, and acquires commercial properties leased primarily to U.S. federal government agencies. The company operates within the government real estate and office property sectors, with a focus on mission‑critical facilities that support essential public services. Its core revenue is generated through long‑term leases backed by the full faith and credit of the U.S. government, which provides relatively stable and predictable cash flows compared to traditional commercial office landlords.

The company’s portfolio is concentrated in properties leased to agencies such as the Department of Veterans Affairs, Federal Bureau of Investigation, Department of Homeland Security, and other federal entities. Easterly’s strategic positioning is centered on specialized knowledge of government leasing requirements, high tenant retention, and limited exposure to private‑sector office market volatility. Easterly Government Properties was founded in 2012 by Darrell W. Crate and completed its initial public offering in 2015, expanding steadily through acquisitions and selective development aligned with federal agency needs.