Easterly Government Properties, Inc. (DEA) Key Metrics
DEA valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.07B
- Enterprise value
- $2.81B
- P/E (TTM)
- 114.8 10-yr median 150.1
- Forward P/E
- 73.0
- PEG ratio
- —
- Price / sales
- 2.9 10-yr median 7.0
- Price / book
- 0.8 10-yr median 1.4
- EV / EBITDA
- 13.2 10-yr median 20.3
- Dividend yield
- 7.97% $1.80 a year
- Beta
- 0.97
DEA key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsDEA valuation Price multiples at each fiscal year-end price.
DEA returns How much profit the business earns on the capital it uses.
DEA per-share figures Results divided by the shares outstanding at year-end.
DEA financial health Debt, liquidity and how easily interest is covered.
DEA efficiency & capital use Working capital cycle and where the cash goes.
DEA valuation history
DEA returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
DEA debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
DEA cash returned to shareholders
DEA price vs earnings per share
DEA key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $954.8M | $1.18B | $1.27B | $3.24B | $4.85B | $1.78B | $4.11B | $861.3M | $886.9M | $1.62B |
| Enterprise value | $2.60B | $2.76B | $2.56B | $5.43B | $6.06B | $2.75B | $5.00B | $1.62B | $1.45B | $2.12B |
| P/E ratio | 73.4 | 60.3 | 67.6 | 103.1 | 161.3 | 149.2 | 569.7 | 151.0 | 199.4 | 408.8 |
| Price / sales | 2.8 | 3.9 | 4.4 | 11.1 | 17.6 | 7.3 | 18.5 | 5.4 | 6.8 | 15.5 |
| Price / book | 0.7 | 0.9 | 1.0 | 2.3 | 3.4 | 1.5 | 3.4 | 1.0 | 1.3 | 2.3 |
| Price / free cash flow | 3.7 | 7.2 | 11.1 | 25.8 | 41.0 | 12.3 | 28.9 | 13.7 | 18.0 | 34.2 |
| Price / operating cash flow | 3.7 | 7.2 | 11.1 | 25.8 | 41.0 | 12.3 | 28.9 | 13.7 | 18.0 | 34.2 |
| EV / sales | 7.7 | 9.1 | 8.9 | 18.5 | 22.1 | 11.2 | 22.5 | 10.1 | 11.1 | 20.3 |
| EV / EBITDA | 13.0 | 15.4 | 15.8 | 29.9 | 37.0 | 19.5 | 41.1 | 18.6 | 21.1 | 40.5 |
| EV / free cash flow | 10.0 | 17.0 | 22.3 | 43.1 | 51.2 | 19.0 | 35.1 | 25.8 | 29.5 | 44.8 |
| Earnings yield | 1.4% | 1.7% | 1.5% | 1.0% | 0.6% | 0.7% | 0.2% | 0.7% | 0.5% | 0.2% |
| Free cash flow yield | 27.1% | 13.8% | 9.0% | 3.9% | 2.4% | 8.1% | 3.5% | 7.3% | 5.6% | 2.9% |
| Dividend yield | 9.9% | 9.8% | 7.9% | 3.4% | 2.1% | 5.1% | 2.0% | 6.4% | 5.5% | 1.8% |
| Shareholder yield (dividends + buybacks) | 9.9% | 9.8% | 19.0% | 3.4% | 2.1% | 5.1% | 2.0% | 6.4% | 5.5% | 1.8% |
| Share price at fiscal year-end | $21.19 | $28.40 | $33.60 | $35.67 | $57.30 | $56.62 | $59.33 | $39.20 | $53.35 | $50.05 |
| Per share | ||||||||||
| Revenue per share | $7.46 | $7.28 | $7.59 | $3.23 | $3.25 | $7.78 | $3.20 | $7.31 | $7.86 | $3.23 |
| Earnings per share | $0.29 | $0.47 | $0.50 | $0.35 | $0.36 | $0.38 | $0.10 | $0.26 | $0.27 | $0.12 |
| Operating cash flow per share | $5.75 | $3.92 | $3.03 | $1.38 | $1.40 | $4.61 | $2.06 | $2.86 | $2.96 | $1.46 |
| Free cash flow per share | $5.75 | $3.92 | $3.03 | $1.38 | $1.40 | $4.61 | $2.06 | $2.86 | $2.96 | $1.46 |
| Cash per share | $0.52 | $0.47 | $0.25 | $0.08 | $0.13 | $0.27 | $0.17 | $0.31 | $0.76 | $0.15 |
| Book value per share | $29.37 | $31.83 | $34.96 | $15.51 | $17.04 | $36.63 | $17.34 | $40.69 | $40.17 | $21.53 |
| Tangible book value per share | $25.28 | $27.94 | $31.03 | $13.78 | $14.83 | $31.45 | $14.90 | $33.15 | $31.56 | $18.01 |
| Dividends per share | $2.10 | $2.79 | $2.65 | $1.20 | $1.18 | $2.91 | $1.18 | $2.52 | $2.96 | $0.92 |
| Capex per share | $2.46 | $3.65 | $1.22 | $0.38 | $0.29 | $7.38 | $6.39 | $21.24 | $23.81 | $5.26 |
| Debt per share | $36.98 | $38.52 | $34.23 | $24.06 | $14.48 | $31.04 | $13.03 | $34.88 | $34.64 | $15.60 |
| Shares outstanding | 45.1M | 41.5M | 37.8M | 90.9M | 84.6M | 31.5M | 69.2M | 22.0M | 16.6M | 32.4M |
| Change in shares outstanding | +8.6% | +9.7% | −58.4% | +7.5% | +168.5% | −54.5% | +215.0% | +32.2% | −48.6% | +51.1% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 1.0% | 1.5% | 1.4% | 2.2% | 2.3% | 1.0% | 0.7% | 0.7% | 0.7% | 0.6% |
| Return on invested capital (ROIC) | 2.3% | 2.3% | 1.9% | 2.3% | 1.5% | 3.5% | 3.4% | 2.2% | 0.9% | 0.6% |
| Return on assets (ROA) | 0.4% | 0.6% | 0.7% | 1.1% | 1.1% | 0.5% | 0.4% | 0.3% | 0.4% | 0.4% |
| Return on tangible assets | 0.4% | 0.6% | 0.7% | 1.2% | 1.1% | 0.5% | 0.3% | 0.3% | 0.3% | 0.4% |
| Free cash flow margin | 77.1% | 53.8% | 39.9% | 42.9% | 43.1% | 59.2% | 64.2% | 39.1% | 37.7% | 45.3% |
| Income quality (OCF / net income) | 19.93 | 8.32 | 6.09 | 4.00 | 3.94 | 12.14 | 19.75 | 11.01 | 11.07 | 11.95 |
| Financial health | ||||||||||
| Total debt | $1.67B | $1.60B | $1.29B | $2.19B | $1.23B | $978.3M | $901.8M | $766.4M | $575.9M | $505.1M |
| Cash & short-term investments | $23.4M | $19.4M | $9.4M | $7.6M | $11.1M | $8.5M | $12.0M | $6.9M | $12.7M | $4.8M |
| Net debt | $1.64B | $1.58B | $1.29B | $2.18B | $1.21B | $969.8M | $889.8M | $759.5M | $563.2M | $500.3M |
| Debt / equity | 1.26 | 1.21 | 0.98 | 1.55 | 0.85 | 0.85 | 0.75 | 0.86 | 0.86 | 0.72 |
| Debt / assets | 0.49 | 0.50 | 0.45 | 0.77 | 0.43 | 0.40 | 0.40 | 0.41 | 0.40 | 0.48 |
| Net debt / EBITDA | 8.21 | 8.81 | 7.96 | 12.04 | 7.41 | 6.88 | 7.32 | 8.69 | 8.18 | 9.55 |
| Current ratio | 0.23 | 0.27 | 0.36 | 1.13 | 1.79 | 0.27 | 1.57 | 0.36 | 0.39 | 0.11 |
| Quick ratio | 0.23 | 0.27 | 0.37 | 1.19 | −0.15 | 0.27 | 1.58 | 0.39 | 0.43 | 0.12 |
| Interest coverage | 1.1 | 1.3 | 1.4 | 1.5 | 1.9 | 4.1 | 3.8 | 1.4 | 1.3 | 1.6 |
| Working capital | −$408.5M | −$363.7M | −$153.7M | $8.8M | $47.9M | −$160.6M | $27.1M | −$109.8M | −$72.4M | −$201.9M |
| Invested capital | $2.97B | $2.90B | $2.61B | $3.59B | $2.66B | $2.12B | $2.09B | $1.65B | $1.23B | $1.20B |
| Tangible asset value | $1.19B | $1.23B | $1.26B | $1.25B | $1.26B | $1.14B | $1.03B | $859.6M | $648.0M | $583.1M |
| Net current asset value | −$1.89B | −$1.70B | −$1.38B | −$1.34B | −$1.28B | −$1.10B | −$959.8M | −$774.1M | −$587.1M | −$324.6M |
| Graham number | $13.81 | $18.37 | $19.78 | $10.99 | $11.67 | $17.69 | $6.37 | $15.42 | $15.55 | $7.70 |
| Graham net-net per share | −$42.67 | −$41.87 | −$37.34 | −$15.05 | −$15.01 | −$35.39 | −$14.31 | −$36.73 | −$36.51 | −$10.34 |
| Capital allocation | ||||||||||
| Dividends paid | $94.6M | $115.9M | $100.3M | $109.2M | $100.0M | $91.7M | $81.9M | $55.4M | $49.2M | $29.7M |
| Share buybacks (net) | $0 | $0 | $141.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividend payout ratio | 727.4% | 592.8% | 533.6% | 346.9% | 332.7% | 767.1% | — | 971.0% | — | 750.5% |
| Dividends + buybacks / free cash flow | 36.5% | 71.3% | 211.4% | 86.7% | 84.5% | 63.2% | 57.5% | 88.2% | 99.9% | 62.8% |
| Capex / revenue | 32.9% | 50.1% | 16.0% | 11.9% | 8.8% | 94.9% | 199.5% | 290.6% | 303.0% | 162.8% |
| Capex / operating cash flow | 42.7% | 93.1% | 40.1% | 27.7% | 20.4% | 160.3% | 310.8% | 743.4% | 804.1% | 359.4% |
| Capex / depreciation | 0.99 | 1.57 | 0.50 | 0.37 | 0.28 | 2.65 | 5.14 | 8.07 | 8.54 | 4.40 |
| Stock-based compensation / revenue | 1.8% | 1.1% | 2.0% | 2.2% | 1.8% | 1.7% | 2.2% | 1.9% | 2.3% | 2.8% |
| R&D / revenue | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| SG&A / revenue | 7.7% | 8.1% | 9.4% | 8.4% | 8.6% | 8.4% | 9.1% | 9.2% | 9.9% | 11.7% |
| Efficiency | ||||||||||
| Days sales outstanding | 103.7 | 103.6 | 79.5 | 73.1 | 68.9 | 66.0 | 62.9 | 62.4 | 50.9 | 41.2 |
| Days of inventory on hand | — | — | -10.7 | 212.6 | 246.7 | -1.3 | -12.6 | -32.5 | -36.9 | -22.3 |
| Days payables outstanding | 113.5 | 327.7 | 262.9 | 239.6 | 229.2 | 226.5 | 203.4 | 204.5 | 158.6 | 136.3 |
| Cash conversion cycle (days) | -9.8 | -224.0 | -194.1 | 46.1 | 86.4 | -161.8 | -153.1 | -174.6 | -144.6 | -117.4 |
| Receivables turnover | 3.52 | 3.52 | 4.59 | 4.99 | 5.30 | 5.53 | 5.80 | 5.85 | 7.17 | 8.85 |
| Payables turnover | 3.22 | 1.11 | 1.39 | 1.52 | 1.59 | 1.61 | 1.79 | 1.79 | 2.30 | 2.68 |
| Inventory turnover | — | — | — | — | 1.48 | — | — | — | — | — |
| Asset turnover | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.11 | 0.10 | 0.11 | 0.11 |
| Average receivables | $95.5M | $85.8M | $62.6M | $58.8M | $51.9M | $44.3M | $38.2M | $27.5M | $18.2M | $11.8M |
| Average payables | $105.5M | $90.7M | $73.8M | $64.1M | $54.7M | $48.2M | $41.0M | $27.0M | $16.8M | $11.6M |
| Average inventory | — | — | −$3.0M | $56.9M | $58.9M | −$270,500 | −$2.6M | −$4.3M | −$3.9M | −$1.9M |
| Intangibles / total assets | 5.4% | 5.0% | 5.2% | 5.6% | 6.6% | 6.6% | 7.5% | 8.9% | 10.0% | 10.9% |
Computed from DEA's annual financial statements (latest annual report filed February 23, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
DEA valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Easterly Government Properties traded at 73.4 times earnings, against a 10-year median of 150.1. Based on the latest twelve months, the trailing P/E is 114.8 and the forward P/E is 73.0. Easterly Government Properties earned a return on equity of 1.0% and a return on invested capital of 2.3% in fiscal 2025. It ended the year with $1.7 billion of debt and $23.4 million in cash and short-term investments, net debt of $1.6 billion. It returned $94.6 million to shareholders: $94.6 million in dividends and $0 in share buybacks, 36% of free cash flow. The share count rose 39.2% from 32.4M to 45.1M over 9 years.
See the DEA income statement, the DEA chart for price history, or the DEA stock overview for the latest quote and news.
DEA key metrics FAQ
What is Easterly Government Properties's P/E ratio?
Easterly Government Properties's trailing P/E ratio is 114.8 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 73.0. At the end of fiscal 2025 it was 73.4, compared with a 10-year median of 150.1.
What is Easterly Government Properties's EV/EBITDA?
Easterly Government Properties's enterprise value was 13.0 times EBITDA at the end of fiscal 2025 (enterprise value $2.6 billion, EBITDA $200.1 million); the current EV/EBITDA is 13.2.
What is Easterly Government Properties's return on equity?
Easterly Government Properties's return on equity (ROE) was 1.0% in fiscal 2025: net income of $13.0 million on average shareholders' equity of $1.3 billion.
What is Easterly Government Properties's ROIC?
Easterly Government Properties's return on invested capital was 2.3% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Easterly Government Properties have?
Easterly Government Properties had total debt of $1.7 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.26 and $1.6 billion of net debt (8.21 times EBITDA).
What is Easterly Government Properties's dividend yield?
Easterly Government Properties's forward dividend yield is 7.97%. Easterly Government Properties paid $94.6 million in dividends in fiscal 2025 ($2.10 per share), a payout ratio of 727.4%.
What is Easterly Government Properties's free cash flow yield?
Easterly Government Properties generated $259.2 million of free cash flow in fiscal 2025, a free cash flow yield of 27.1% on its market value at year-end ($954.8 million).
What is Easterly Government Properties's current ratio?
Easterly Government Properties's current ratio was 0.23 at the end of fiscal 2025: current assets were 0.23 times current liabilities.