Easterly Government Properties, Inc. key statistics and ratios
In fiscal 2025, Easterly Government Properties, Inc. had return on equity of 1.0%, a net margin of 3.9% and debt equal to 126.7% of equity. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.
Financial ratios
| Fiscal year | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 79.9% | 80.9% | 80.8% | 78.2% | 80.2% | 79.4% | 77.3% | 74.9% | 76.8% | 76.9% | 77.2% |
| Operating margin | 13.1% | 17.4% | — | — | — | — | — | — | — | — | — |
| Net margin | 3.8% | 3.4% | 3.6% | 3.3% | 4.9% | 10.9% | 10.7% | 6.5% | 6.5% | 3.9% | 4.0% |
| Return on equity | 0.7% | 0.7% | 0.7% | 0.7% | 1.1% | 2.5% | 2.5% | 1.5% | 1.5% | 1.0% | 1.1% |
| Return on assets | 0.4% | 0.4% | 0.3% | 0.4% | 0.5% | 1.1% | 1.1% | 0.7% | 0.6% | 0.4% | 0.4% |
| Asset turnover | 0.10 | 0.11 | 0.10 | 0.11 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.11 |
| Debt to equity | 52.3% | 86.8% | 86.2% | 85.4% | 85.2% | 94.8% | 100.9% | 98.3% | 121.5% | 126.7% | 128.4% |
| Dividends ÷ net income | >999% | >999% | >999% | >999% | 767.1% | 332.7% | 346.9% | 597.6% | 592.8% | 727.4% | 603.9% |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 76.1% | 77.4% | 77.2% | 76.0% | 77.3% | 77.6% | 78.4% | 75.6% |
| Net margin | 7.0% | 4.0% | 4.8% | 1.4% | 5.3% | 1.5% | 3.3% | 5.9% |
| Debt to equity | 121.0% | 120.1% | 129.1% | 122.9% | 125.9% | 130.8% | 129.8% | 128.4% |
Moat
Moderate moat
How hard Easterly Government Properties's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.
- Returns on capital 0 / 20
Net income has been a median 0.4% of total assets over 10 years.
- Pricing power 20 / 20
Gross margin has been a median 78.1%, moving by 1.9 percentage points (standard deviation) across 9 years.
- Durability 10 / 20
Net margin has been a median 4.4%; its worst year was 3.0%.
- Cash conversion 15 / 20
Free cash flow was positive in 9 of 10 years, at a median 12.7% of revenue.
- Discipline 10 / 20
The diluted share count rose 51.4% over five years; stock-based pay has been a median 2.1% of revenue.
AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.
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