F

Easterly Government Properties, — Earnings Quality Grade F

DEA · Real Estate

Major red flags

Revenue
$336M
2025
Net Income
$13M
2025
Gross Margin
66.9%
Free Cash Flow
$259M
01

Screening Summary

11
Passed
2
Watch
2
Failed
M-Score

Management Signals

No recent CEO, CFO, board, or accounting leadership signals found in SEC 8-K filings.
02

Financial Trends

Revenue & Net Income ($B)

Margins (%)

03

18-Point Screening

01

Revenue Quality

A1DSO Change

DSO 56 days, change -30 days YoY

A2AR vs Revenue Growth

AR growth -27.6% vs revenue growth 11.3%

A3Revenue vs CFFO

Revenue 11.3%, CFFO 59.4%. Cash follows revenue

02

Expense Quality

B1Inventory vs COGS

No material inventory

B2CapEx vs Revenue

Insufficient data

B3SG&A Ratio

SG&A/Gross Profit = 11.6%, excellent (<30%)

B4Gross Margin

Gross margin 66.9%, change +0.3pp. Stable

03

Cash Flow Quality

!
C1CFFO vs Net Income

CFFO far exceeds NI (ratio 19.9x). Non-cash charges depressing profits

C2Free Cash Flow

FCF $0.3B, FCF/NI = 19.93

C3Accruals Ratio

Accruals ratio = -7.3%. Low accruals

C4Cash vs Debt

Cash $0.0B covers only 1% of debt $1.7B

04

Balance Sheet Health

D1Goodwill + Intangibles

Goodwill+Intangibles $0.2B = 14% of equity. Manageable

D2Leverage

Debt/EBITDA = 8.3x (>4x). Interest coverage = 1.1x (<2x). Financial stress

!
D3Soft Asset Growth

Other assets grew 45.4% vs revenue 11.3%

D4Asset Impairment

No write-off data

05

Acquisition Risk

E1Serial Acquirer FCF

FCF after acquisitions positive

E2Goodwill Surge

Goodwill+Intangibles change 14% YoY. Normal

06

Manipulation Score

F1Beneish M-Score

Insufficient data

Portfolio monitoring

Monitor DEA continuously

The full checks and model details are free to read. Use Watchlist to track your holdings; Pro adds automatic quarterly rescoring, risk-event email alerts, scans up to 50 tickers, and export workflows.

Altman Z-Score — Not Applicable

Easterly Government Properties, is a financial company. Z-Score is designed for non-financial companies.

Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25