Easterly Government Properties delivered a solid fourth quarter with net income of $4.8 million and Core FFO of $36.8 million. The company successfully completed the FDA laboratory development in Atlanta and maintained a high-quality portfolio primarily leased to U.S. Government agencies with a weighted average remaining lease term of 9.5 years.
Reported Core FFO of $0.77 per share on a fully diluted basis for the fourth quarter.
Substantially completed the 162,000 square foot FDA laboratory development in Atlanta, Georgia.
Maintained a strong portfolio of 103 operating properties with 99% occupancy across 10.4 million leased square feet.
Strengthened the balance sheet by extending term loans and issuing $125 million in senior unsecured notes during the fiscal year.
Easterly is maintaining its full-year 2026 Core FFO guidance and expects continued growth through acquisitions and development projects.
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