Filing Flows › Easterly Government Properties (DEA) › Q1 2025
Easterly Government Properties (DEA) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 29, 2025
Easterly Government Properties (DEA) reported revenue of $78.7M for the first quarter 2025 (Q1 2025), +8% from a year earlier and +0.5% from the quarter before. Operating margin was 25.2%, net earnings $3.1M (4.0% of revenue).
Easterly Government Properties, Q1 2025: revenue $78.7M (+8% year over year), operating margin 25.2%, net earnings $3.1M, operating cash flow $24.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $78.7M | +0.5% | +8% |
| Operating profit | $19.8M | -6% | +15% |
| Net earnings | $3.1M | -43% | -32% |
| Operating cash flow | $24.2M | -1% | +1% |
What changed
Revenue was $78.7M in Q1 2025, up 8% year over year and up 1% from the previous quarter.
Operating profit was $19.8M, a 25.2% margin (up 1.4 points year over year). Of the extra revenue versus a year earlier, 43% reached operating profit, above the 24% margin then. Total costs grew 6% against revenue growth of 8%. Net earnings were $3.1M, down 32% year over year. The effective tax rate was 0.0%.
Operating cash flow was $24.2M (up 1% year over year), 737% of net income including minority interests. Non-cash charges added back $26.8M of depreciation and amortization and $1.4M of share-based compensation. Working capital and other items used $7.3M.
Questions
What was Easterly Government Properties' revenue in the first quarter 2025?
Easterly Government Properties (DEA) reported revenue of $78.7M for the first quarter 2025 (Q1 2025), +8% from a year earlier and +0.5% from the quarter before.
Was Easterly Government Properties profitable in the first quarter 2025?
Operating profit was $19.8M (25.2% of revenue) and net earnings $3.1M.