Easterly Government Properties vs LTC Properties
Easterly Government Properties is the larger business, with $336m of revenue in fiscal 2025 against $263m for LTC Properties (1.3 times as much). LTC Properties grew faster (25.3% against 11.3%). LTC Properties kept more of each dollar of sales as profit: a net margin of 44.9% against 3.9%. LTC Properties carries less debt relative to equity (78.6% against 126.7%).
| Latest fiscal year | Easterly Government PropertiesDEA, 2025 | LTC PropertiesLTC, 2025 |
|---|---|---|
| Revenue | $336m | $263m |
| Revenue growth | 11.3% | 25.3% |
| Net income | $13.0m | $118m |
| Operating margin | — | 77.9% |
| Net margin | 3.9% | 44.9% |
| Return on equity | 1.0% | 11.6% |
| Free cash flow | — | $129m |
| Cash | $23.4m | $14.4m |
| Total debt | $1.68bn | $845m |
| Debt to equity | 126.7% | 78.6% |
| Dividend per share | $2.01 | — |
| Dividend yield | 8.2% | 4.6% |
| Share buybacks | — | — |
| Employees | 55 | 25 |
| Market value | $1.07bn | $2.43bn |
| Price vs our value range | — | — |
| Moat score | 55 (Moderate) | 68 (Moderate) |
| Insider trades, 12 months | 0 buys, 0 sales | 11 buys, 1 sales |