
DEA Stock Forecast & Price Target
DEA Analyst Ratings
Bulls say
Easterly Government Props is viewed favorably because its portfolio is anchored by mission-critical U.S. government tenants, with about 9.0 million of 10.7 million square feet leased to agencies that historically provide stable, long-term cash flows and 93.0%–95.0% retention. The company’s niche, highly fragmented market and strong relationships support accretive acquisitions from its $1.5 billion pipeline, while three development projects totaling $107 million are expected to add $0.10/share of AFFO and $0.19/share of FFO. Financially, the outlook is reinforced by raised 2027 FFO to $3.12 per share, a 34% discount to NAV, and net debt to EBITDA improving to 7.1x in 2Q26 with a path below 7.0x and toward investment grade in 2027.
Bears say
Easterly Government Props is facing a fundamentally constrained growth profile, with only modest organic expansion and little room for accretive external acquisitions because its cost of capital is already elevated. Even after a 2Q26 penny-per-share miss, 2026 FFO is only revised to $3.07 per share and core FFO to $3.10 per share, while refinancing low-rate maturities is likely to pressure earnings further in coming years. Its niche reliance on U.S. government tenants also creates concentration risk, since budget cuts, increased owned-space utilization, or a few move-outs could weaken cash flow and push AFFO toward the estimated ~$2.40 per share downside case.
This aggregate rating is based on analysts' research of Easterly Government Properties and is not a guaranteed prediction by Public.com or investment advice.
DEA Analyst Forecast & Price Prediction
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