Filing Flows › Easterly Government Properties (DEA) › Q2 2025
Easterly Government Properties (DEA) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
Easterly Government Properties (DEA) reported revenue of $84.2M for the second quarter 2025 (Q2 2025), +11% from a year earlier and +7% from the quarter before. Operating margin was 25.4%, net earnings $4.1M (4.8% of revenue).
Easterly Government Properties, Q2 2025: revenue $84.2M (+10% year over year), operating margin 25.4%, net earnings $4.1M, operating cash flow $38.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $84.2M | +7% | +11% |
| Operating profit | $21.4M | +8% | +15% |
| Net earnings | $4.1M | +30% | -12% |
| Operating cash flow | $38.1M | +58% | -33% |
What changed
Revenue was $84.2M in Q2 2025, up 11% year over year and up 7% from the previous quarter.
Operating profit was $21.4M, a 25.4% margin (up 0.9 points year over year). Of the extra revenue versus a year earlier, 34% reached operating profit, above the 24% margin then. Total costs grew 9% against revenue growth of 11%. The fastest-growing cost line was Other operating costs (+11%). Net earnings were $4.1M, down 12% year over year. The effective tax rate was 0.0%.
Operating cash flow was $38.1M (down 33% year over year), 896% of net income including minority interests. Non-cash charges added back $28.5M of depreciation and amortization and $1.4M of share-based compensation. Working capital and other items added $3.9M.
Questions
What was Easterly Government Properties' revenue in the second quarter 2025?
Easterly Government Properties (DEA) reported revenue of $84.2M for the second quarter 2025 (Q2 2025), +11% from a year earlier and +7% from the quarter before.
Was Easterly Government Properties profitable in the second quarter 2025?
Operating profit was $21.4M (25.4% of revenue) and net earnings $4.1M.