DEAEasterly Government Properties, Inc.
Real Estate Investment Trusts
- Revenue
- $336M
- 11% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $1.1B
- Employees
- —
- Net debt / EBITDA
- —
- $1.7B net debt
- AI in 10-K
- 1.6
- mentions per 10K words
Takeover score 1 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo20× net incomeCash flow under 80% of net income
- Dilutive SBCNo2% of revenueOver 10% of revenue
- Payouts exceed cash flowNo36% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo—Over 40% of assets
- Shareholder dissentNo93% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo—Bottom quartile of its SIC industry
- Quiet on AINo1.6 per 10K words · 48th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo21.5× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedYes$1.1B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo$0 netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $275M | $294M | $287M | $302M | $336M | 11% |
| Net income | $30M | $31M | $19M | $20M | $13M | 33% |
| Operating cash flow | $118M | $126M | $114M | $163M | $259M | 59% |
| Stock-based comp | $5M | $7M | $6M | $3M | $6M | 88% |
| Dividends | $100M | $109M | $112M | $116M | $95M | 18% |
Deal filings
None.
13D filers
| Filed | Filer | Form | Stake | Intent |
|---|---|---|---|---|
| Nov 13, 2023 | Ibe Michael P. | SC 13D | 6.4% | Active |
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
No pay-versus-performance disclosure yet.