Easterly Government Properties Raises 2026 Core FFO Guidance to 4%
1 report, 1 independent
Updated Nov 2
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What happened
Easterly Government Properties reported 2.6% year-over-year growth in core funds from operations per share during its third-quarter 2026 earnings call. The company raised the low end of its 2026 core funds from operations guidance from $3.08 to $3.13 per share. Management also noted that the portfolio remains 98% leased, with a weighted-average lease term of 9.2 years.
From fool.com
Why it matters
The real estate investment trust relies on long-term leases backed by U.S. government agencies, which provides stable cash flows. The guidance hike suggests that the company expects full-year growth of roughly 4%, surpassing its historical target range of 2% to 3%.
From fool.com
Who's involved
- Brandywine Realty TrustA real estate investment firm that might be affected by the strong performance of the sector.