NYSE: DEA · Office REITs
Easterly Government Properties (DEA) fair value and price range
As of 26 Sep 2026, Faircurve's model values Easterly Government Properties (DEA) at $25.74 a share. The stock last closed at $23.40, which puts the model's fair value 10.0% above the price. The model grades the evidence behind this valuation as low, so no verdict is shown. For real estate investment trusts (REITs) the grade looks at how many valuation methods could be applied and whether they agree with each other, and how many comparable companies there are. It does not say how likely the fair value is to be right.
Revalued . Price is the close of 2 Oct 2026. Easterly Government Properties, Inc.
Faircurve Insights · 26 Sep 2026
Easterly Government Properties, Inc. (DEA) acquires, develops, and oversees high-quality commercial real estate that is exclusively rented by the U.S. Government. The company is headquartered in Washington, D.C.
Faircurve's model on 26 Sep 2026 found a fair value of $25.74 a share. This fair value blends a cash-flow multiple, a dividend model, and the value of the properties. The previous run on 19 Sep 2026 gave $25.97, meaning the fair value moved -0.9%. The calibrated range over 63 trading days is $21.60 to $31.39, which held the price 60% of the time at this horizon, and the model grades the evidence behind this valuation as low.
The model compares Easterly Government Properties, Inc. with Douglas Emmett, Inc. (DEI), Highwoods Properties, Inc. (HIW), SL Green Realty Corp. (SLG), COPT Defense Properties (CDP), Kilroy Realty Corporation (KRC), Cousins Properties Incorporated (CUZ), Vornado Realty Trust (VNO), and Alexandria Real Estate Equities, Inc. (ARE). Moves around the last 8 earnings reports, measured from the close before each report to the close after it, include +4.4% on 3 Aug 2026 and -4.9% on 29 Apr 2025. The median size of these moves, ignoring direction, was 3.1%.
Written from the figures on this page for the 26 Sep 2026 valuation and checked by rule before publishing: every number is one printed here, no forecast, no instruction. The price, the gap and the verdict are the page's own and change daily. Not a recommendation.
What price range does the model give DEA?
The calibrated range for DEA over 63 trading days is $21.60 to $31.39. There is no live options data for this stock, so the range is built from the fair value and calibrated weekly against realised prices (n = 4,327 past valuations, refreshed 26 Sep 2026). Ranges built this way held the price 60% of the time at this horizon.
The model's own range is $23.51 to $28.16.
How does DEA compare with similar companies?
The companies in office reits closest to Easterly Government Properties in market value, each on the same model and the same date.
| Company | Last close | Model fair value | Gap | Model verdict |
|---|---|---|---|---|
| DEI Douglas Emmett, Inc. | $9.82 | $13.46 | +37.1% | Low evidence grade |
| HIW Highwoods Properties, Inc. | $29.67 | $29.44 | -0.8% | Low evidence grade |
| SLG SL Green Realty Corp. | $48.81 | $23.75 | -51.3% | Low evidence grade |
| CDP COPT Defense Properties | $33.57 | $21.51 | -35.9% | No verdict on this run |
| KRC Kilroy Realty Corporation | $33.63 | $31.45 | -6.5% | Low evidence grade |
| CUZ Cousins Properties Incorporated | $28.01 | $19.58 | -30.1% | No verdict on this run |
| VNO Vornado Realty Trust | $33.73 | $16.64 | -50.7% | No verdict on this run |
| ARE Alexandria Real Estate Equities, Inc. | $47.37 | $22.39 | -52.7% | Low evidence grade |
When does DEA report earnings, and how has the stock reacted?
Easterly Government Properties's next earnings report is scheduled for 26 Oct 2026. Companies can move their dates.
How DEA moved around its last 8 earnings reports
Each move runs from the last close before the report to the first close after it, so it covers companies that report before the open and after the close. The median size across these 8 reports, ignoring direction, was 3.1%.
| Report date | Two session move |
|---|---|
| 3 Aug 2026 | +4.4% |
| 27 Apr 2026 | +0.9% |
| 23 Feb 2026 | -3.0% |
| 27 Oct 2025 | -3.1% |
| 5 Aug 2025 | -0.4% |
| 29 Apr 2025 | -4.9% |
| 25 Feb 2025 | +3.7% |
| 5 Nov 2024 | +0.6% |
Easterly Government Properties at a glance
Easterly Government Properties, Inc. (NYSE:DEA), headquartered in Washington, D.C., focuses its operations on acquiring, developing, and overseeing high-quality commercial real estate that is exclusively rented by the U.S. Government.
- Market value
- $1.1B
- Sector
- Real Estate
- Industry
- Office REITs
- Beta to the US market
- 0.14
- First valued by Faircurve
- 11 Jul 2026
How the fair value is worked out: the model values Easterly Government Properties three ways and blends them; the range around the fair value comes from 2,000 simulations of the dividend model. The full method is documented here.
What changed in the latest valuation?
On 19 Sep 2026 the model's fair value for DEA was $25.97. As of 26 Sep 2026 it is $25.74, a change of -0.9%. The model revalues every stock it covers each week, and again after an earnings report.
Questions about Easterly Government Properties's valuation
Is Easterly Government Properties stock undervalued or overvalued?
Faircurve's model puts DEA's fair value at $25.74 a share against a last close of $23.40, as of 26 Sep 2026. The model grades the evidence behind this valuation as low, so no verdict is shown. For real estate investment trusts (REITs) the grade looks at how many valuation methods could be applied and whether they agree with each other, and how many comparable companies there are. It does not say how likely the fair value is to be right.
What is DEA's fair value?
$25.74 a share as of 26 Sep 2026. The fair value blends three methods: a cash-flow multiple against comparable companies, a dividend model, and the value of the properties. The model's own range is $23.51 to $28.16.
What price range does the model give DEA?
$21.60 to $31.39 over 63 trading days. Ranges built this way held the price 60% of the time across 4,327 past valuations, refreshed 26 Sep 2026.
When does Easterly Government Properties report earnings next?
The next report is scheduled for 26 Oct 2026. Companies can move their dates.
How much has DEA moved on past earnings reports?
Across its last 8 reports the median two session move was 3.1%, ignoring direction. The largest was -4.9% around the report of 29 Apr 2025.
How confident is the model in this valuation?
The model's evidence grade for DEA is low. For real estate investment trusts (REITs) the grade looks at how many valuation methods could be applied and whether they agree with each other, and how many comparable companies there are. It is not a probability that the fair value is right, or that the price reaches it.