Equity Profile

DEA

Easterly Government Properties, Inc.

Real EstateOffice REITs$1.2B

Aug4Tue

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Easterly Government Properties, Inc. (DEA) is a real estate investment trust (REIT) that focuses on acquiring and managing properties leased to the U.S....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well the company is managing its expenses relative to its income.

N/A

Revenue

Revenue figures will provide insight into the company's growth and demand for its properties, especially in the context of government contracts.

N/A

Wall Street expectations, options signals, track record, and call prep available with Pro.

DEA Q2-2026 Earnings Preview

Context

Company Snapshot

Easterly Government Properties, Inc. (DEA) is a real estate investment trust (REIT) that focuses on acquiring and managing properties leased to the U.S. government. With a market cap of $1 billion, it plays a significant role in the office REIT sector, which has been influenced by trends in government spending and real estate demand.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

38%

Avg EPS Surprise

-11.86%

Avg Stock Reaction

-1.02%

Last Quarter Recap

In Q1-2026, DEA reported an EPS of $0.77, matching previous expectations. The stock saw a slight decline of 0.72% the following day, indicating cautious market sentiment.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are looking for signs of stability and growth in DEA's earnings as the company continues to navigate a challenging real estate environment. The market is particularly focused on how government spending may impact rental income.

Bull Case

If DEA can demonstrate strong demand for its properties and maintain or grow its rental income, it could see a positive reaction from investors, especially if EPS exceeds expectations.

Bear Case

Conversely, if the company reports lower-than-expected earnings or revenue, it may raise concerns about its ability to sustain growth, leading to a negative market reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the current occupancy rate of DEA's properties?

Occupancy rates directly impact rental income, and any significant changes could indicate shifts in demand for government-leased properties.

How has government spending affected rental income this quarter?

Understanding the impact of government budgets on rental income will provide insight into DEA's financial health and future prospects.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating the potential for stable rental income growth due to increased government spending, which could positively impact DEA's earnings.

Supporting Evidence

DEA has a history of beating EPS expectations, with a 67% success rate in the last eight quarters.

The options market is pricing in a larger move than historical averages, suggesting that investors are expecting significant news.

Recent trends in government spending indicate a potential increase in demand for government-leased properties.

Key Risk

If rental income shows unexpected growth, it could challenge the current cautious outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter, the focus will be on how government spending trends affect DEA's rental income and overall financial performance.

Bull Confirmed If

A rental income growth of over 5% year-over-year would confirm the bull case.

Bear Confirmed If

If rental income declines by more than 3%, it would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±8.97%

Historical Avg

±2.5%

Pricing rich

The options market is pricing in a significant move for DEA's stock, suggesting that investors are anticipating volatility around the earnings report.

Options are pricing ±9.0% while DEA has averaged ±2.5% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.2%

30d HV

19.3%

Calls (1K)P/C Ratio: 2.25Puts (1K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Real Estate

n=30

Fade rate: 11 of 30 (37%)

This setup has occurred 30 times across Real Estate in the last 2 years. 19 of 30 (63%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 2.7%, with a raw directional average of +1.0% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If DEA beats expectations, history suggests the stock could rise by around 2.52% on the first day, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations but management provides cautious commentary, the stock may react modestly, reflecting uncertainty.

Miss

Should DEA miss earnings expectations, history indicates a potential decline of about 0.88%, signaling concerns about its growth trajectory.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on occupancy rates across DEA's properties.
2Details on how government spending is impacting rental income.
3Any changes in management's outlook for the upcoming quarters.
4Insights into new government leases or renewals.
5Discussion on operational expenses and their impact on profitability.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Easterly Government Properties, Inc. (DEA) is a real estate investment trust (REIT) that focuses on acquiring and managing properties leased to the U.S....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well the company is managing its expenses relative to its income.

N/A

Revenue

Revenue figures will provide insight into the company's growth and demand for its properties, especially in the context of government contracts.

N/A

Wall Street expectations, options signals, track record, and call prep available with Pro.

DEA Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

38%

Avg EPS Surprise

-11.86%

Avg Stock Reaction

-1.02%

Last Quarter Recap

In Q1-2026, DEA reported an EPS of $0.77, matching previous expectations. The stock saw a slight decline of 0.72% the following day, indicating cautious market sentiment.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If DEA can demonstrate strong demand for its properties and maintain or grow its rental income, it could see a positive reaction from investors, especially if EPS exceeds expectations.

Bear Case

Conversely, if the company reports lower-than-expected earnings or revenue, it may raise concerns about its ability to sustain growth, leading to a negative market reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the current occupancy rate of DEA's properties?

Occupancy rates directly impact rental income, and any significant changes could indicate shifts in demand for government-leased properties.

How has government spending affected rental income this quarter?

Understanding the impact of government budgets on rental income will provide insight into DEA's financial health and future prospects.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating the potential for stable rental income growth due to increased government spending, which could positively impact DEA's earnings.

Supporting Evidence

DEA has a history of beating EPS expectations, with a 67% success rate in the last eight quarters.

The options market is pricing in a larger move than historical averages, suggesting that investors are expecting significant news.

Recent trends in government spending indicate a potential increase in demand for government-leased properties.

Key Risk

If rental income shows unexpected growth, it could challenge the current cautious outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter, the focus will be on how government spending trends affect DEA's rental income and overall financial performance.

Bull Confirmed If

A rental income growth of over 5% year-over-year would confirm the bull case.

Bear Confirmed If

If rental income declines by more than 3%, it would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±8.97%

Historical Avg

±2.5%

Pricing rich

The options market is pricing in a significant move for DEA's stock, suggesting that investors are anticipating volatility around the earnings report.

Options are pricing ±9.0% while DEA has averaged ±2.5% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.2%

30d HV

19.3%

Calls (1K)P/C Ratio: 2.25Puts (1K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Real Estate

n=30

Fade rate: 11 of 30 (37%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If DEA beats expectations, history suggests the stock could rise by around 2.52% on the first day, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations but management provides cautious commentary, the stock may react modestly, reflecting uncertainty.

Miss

Should DEA miss earnings expectations, history indicates a potential decline of about 0.88%, signaling concerns about its growth trajectory.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on occupancy rates across DEA's properties.
2Details on how government spending is impacting rental income.
3Any changes in management's outlook for the upcoming quarters.
4Insights into new government leases or renewals.
5Discussion on operational expenses and their impact on profitability.