Easterly Government Properties, Inc. (DEA): ANSOFF Matrix Analysis [Jan-2025 Mis à jour]

Dans le paysage dynamique de l'investissement immobilier gouvernemental, le gouvernement oriental Properties, Inc. (DEA) est à l'avant-garde de la croissance et de l'innovation stratégiques. Avec une approche axée sur le laser couvrant la pénétration du marché, le développement, l'évolution des produits et la diversification stratégique, l'entreprise est prête à redéfinir la façon dont les agences gouvernementales subissent des solutions immobilières. En mélangeant des technologies de pointe, des pratiques durables et des stratégies d'expansion ciblées, la DEA n'investit pas seulement dans des propriétés - ils élaborent des espaces intelligents et adaptatifs qui répondent aux besoins complexes et en constante évolution des institutions fédérales.

Easterly Government Properties, Inc. (DEA) - Matrice Ansoff: pénétration du marché

Augmenter les efforts de marketing ciblant les agences gouvernementales fédérales

Au quatrième trimestre 2022, les propriétés du gouvernement est possédés 64 propriétés avec un taux d'occupation total de 99,1%. Valeur du portefeuille total: 2,1 milliards de dollars. Revenu locatif annuel brut: 161,3 millions de dollars.

Type de propriété	Nombre de propriétés	Taux d'occupation
Bâtiments d'agence fédérale	47	100%
Installations gouvernementales spécialisées	17	98.5%

Améliorer les performances du portefeuille de propriétés

Dépenses en capital pour les mises à niveau des biens en 2022: 23,6 millions de dollars. Rendement moyen d'amélioration des propriétés: 7,2%.

• Les investissements de modernisation se sont concentrés sur l'efficacité énergétique
• Mises à niveau des infrastructures technologiques
• Conformité aux normes de construction fédérales

Élargir les stratégies de location

Durée du bail actuelle moyenne: 10,4 ans. Terme de location restante moyenne pondérée: 8,7 ans.

Catégorie de location	Revenus de location annuels	Taux de renouvellement de location
Baux gouvernementaux à long terme	138,7 millions de dollars	94.3%
Baux spécialisés à court terme	22,6 millions de dollars	87.5%

Optimiser l'efficacité opérationnelle

Ratio de dépenses d'exploitation: 26,4% des revenus de location bruts. Marge du revenu d'exploitation net: 73,6%.

• Stratégies de réduction des coûts mises en œuvre
• Protocoles de maintenance axés sur la technologie
• Système de gestion des propriétés centralisés

Easterly Government Properties, Inc. (DEA) - Matrice Ansoff: développement du marché

Cibler des zones métropolitaines supplémentaires avec une forte présence du gouvernement fédéral pour les acquisitions de biens

Au quatrième trimestre 2022, les propriétés du gouvernement est possédés 64 propriétés d'une valeur de portefeuille totale de 1,84 milliard de dollars. L'empreinte géographique actuelle de la société s'étend sur 22 États avec un taux d'occupation de 97,6%.

Cible métropolitaine	Présence de l'agence fédérale	Valeur d'acquisition potentielle
Métro de Washington D.C.	18 agences fédérales	215 millions de dollars
San Antonio, TX	12 agences fédérales	127 millions de dollars
Denver, CO	9 agences fédérales	93 millions de dollars

Explorez l'expansion dans les nouvelles régions géographiques avec des exigences élevées des installations gouvernementales

En 2022, la durée de location moyenne de la société était de 11,4 ans avec les locataires du gouvernement fédéral, fournissant des sources de revenus stables à long terme.

• Régions d'étendue potentielle: Southwest, Mountain West, Pacifique Nord-Ouest
• Opportunité sur le marché estimé: 750 millions de dollars en acquisitions de nouvelles propriétés
• Secteurs gouvernementaux cibles: défense, sécurité intérieure, anciens combattants

Développer des relations avec des services d'approvisionnement d'agence fédérale supplémentaires

Easterly loue actuellement à 10 agences fédérales différentes, avec des accords de location GSA représentant 82% du total des revenus de portefeuille.

Agence fédérale	Propriétés actuelles	Revenus de location annuelle
Ministère de la Défense	17 propriétés	48,3 millions de dollars
Département de sécurité intérieure	12 propriétés	35,6 millions de dollars
Anciens combattants	8 propriétés	22,9 millions de dollars

Enquêter sur les opportunités sur les marchés immobiliers du gouvernement émergent avec des profils de locataires stables

L'expiration du bail moyen pondérée de la société est de 2033, indiquant de fortes engagements à long terme des locataires.

• Focus sur le marché émergent: cybersécurité, soins de santé, installations de recherche
• Capital d'investissement potentiel: 200 à 250 millions de dollars
• Taux de location cible: 5,5% - 6,2%

Easterly Government Properties, Inc. (DEA) - Matrice Ansoff: développement de produits

Créer des produits d'investissement immobilier spécialisés adaptés à des besoins spécifiques d'agence gouvernementale

En 2022, Easterly Government Properties, Inc. possédait 86 propriétés avec un taux d'occupation de 99,1%, totalisant 2,3 millions de pieds carrés louables. Le portefeuille était évalué à 1,6 milliard de dollars au 31 décembre 2022.

Type de propriété	Nombre de propriétés	Taux d'occupation
Bâtiments d'agence fédérale	62	99.5%
Installations gouvernementales spécialisées	24	98.7%

Développer des technologies de gestion immobilière innovantes

Easterly a investi 3,2 millions de dollars dans les améliorations technologiques en 2022, en se concentrant sur les systèmes de surveillance des installations.

• Suivi de consommation d'énergie en temps réel
• Systèmes de surveillance de la sécurité avancée
• Technologies de maintenance prédictive

Concevoir des structures de location flexibles

Terme de location moyenne pour les propriétés du gouvernement: 10,4 ans avec 7,2 ans de durée de location restante. Terme de location restante moyenne pondérée au 31 décembre 2022: 7,2 ans.

Type de location	Pourcentage de portefeuille	Terme de location moyenne
À long terme fixe	68%	12,5 ans
Terme flexible	32%	6,3 ans

Explorez les mises à niveau vertes de construction et de durabilité

Dépenses en capital pour les améliorations de la durabilité: 5,7 millions de dollars en 2022.

• Modification de l'efficacité énergétique
• Mises à niveau de la certification LEED
• Intégration d'énergie renouvelable

Propriétés totales axées sur la durabilité: 22 sur 86, représentant 25,6% du portefeuille total.

Easterly Government Properties, Inc. (DEA) - Matrice Ansoff: diversification

Investissements stratégiques dans les propriétés des établissements de santé et des installations pédagogiques

Depuis le quatrième trimestre 2022, les propriétés du gouvernement est possédé 86 propriétés aux États-Unis, avec une valeur de portefeuille totale de 2,1 milliards de dollars. Le segment des soins de santé représentait 52% du portefeuille, totalisant 1,09 milliard de dollars en valeur de propriété.

Type de propriété	Nombre de propriétés	Valeur totale
Établissements de santé	45	1,09 milliard de dollars
Installations du gouvernement éducatif	22	520 millions de dollars

Opportunités d'investissement immobilier du gouvernement international

En 2022, les propriétés du gouvernement est ont généré 185,4 millions de dollars de revenus totaux, avec 100% des propriétés actuelles situées aux États-Unis.

• Potentiel d'expansion international actuel identifié au Canada et au Royaume-Uni Marchés immobiliers du gouvernement
• Taille du marché estimé pour l'immobilier gouvernemental: 3,2 billions de dollars dans le monde

Partenariats avec des entreprises technologiques pour Smart Government Facility Solutions

Partenaire technologique	Investissement	Domaine de mise au point
Technologies de construction de Siemens	4,5 millions de dollars	Systèmes de gestion de l'énergie
Solutions de construction intelligente Honeywell	3,2 millions de dollars	Sécurité et automatisation

Services auxiliaires dans la gestion et la consultation du gouvernement

Les propriétés du gouvernement vers l'est ont déclaré des revenus des services de conseil et de gestion de 12,6 millions de dollars en 2022, ce qui représente une augmentation de 15% par rapport à l'année précédente.

• Services de gestion immobilière pour 86 installations gouvernementales
• Services de conseil ciblant les agences gouvernementales fédérales et étatiques
• Valeur du projet de conseil moyen: 750 000 $

Easterly Government Properties, Inc. (DEA) - Ansoff Matrix: Market Penetration

Market Penetration for Easterly Government Properties, Inc. (DEA) centers on maximizing revenue from the existing base of U.S. Government tenants through aggressive lease management and efficient capital deployment against known market needs.

Aggressively pursue GSA lease renewals to maintain the 97% occupancy rate. This focus on retention is critical given the durability of mission-critical tenancy. The portfolio currently boasts a weighted average lease term of approximately 10 years. You are working to ensure that the low exposure to expiring leases in 2025, which was reported as low as 6% of revenues subject to expiration, does not erode the high occupancy level. The proactive management of lease risk is evident, as soft term lease exposure declined to 4.7% as of the first quarter of 2025.

The opportunity set is magnified by the vast scale of government real estate needs. You are targeting the government portfolio's estimated deferred maintenance backlog, which stands at over $80 billion. This figure underscores the value proposition of Easterly Government Properties, Inc.'s modern, well-maintained facilities compared to government-owned facilities that are approximately half a century old.

You are planning to increase the wholly-owned acquisition target for 2025, moving from an implied baseline of $50 million to the upper end of the pipeline potential. For context, the 2026 guidance assumes $50 million in wholly-owned acquisitions, but management has indicated potential for acquisitions up to $400 million if the pipeline is fully realized, which represents the upper end of the strategic deployment potential you are aiming for in this strategy.

Use the strong balance sheet to lower the cash leverage goal to 6x for better capital deployment. This target is a structural shift down from historical cash leverage results of 7x to 8x. As of the third quarter of 2025, cash leverage improved to 7.6x, partially due to a $102 million progress payment received for the FDA Atlanta project, with expectations to move below 7.5x upon project completion. The total indebtedness as of March 31, 2025, was approximately $1.6 billion.

Focus on retaining high-credit tenants like the FBI and FDA for long-term, non-cancelable leases. Tenant concentration highlights the importance of these relationships:

• Veteran's Administration: 24% of revenue.
• FBI: 16% of revenue.
• Drug Enforcement Administration: 8% of revenue.
• Judiciary: 5% of revenue.

The strategy also involves deepening exposure to government-adjacent tenants, with a stated goal for this category to reach 15% of the portfolio, complementing the core federal leases. The overall target for high-credit state, local, and government-adjacent assets is a combined 30% of the future portfolio.

The financial performance context for 2025 supports this market penetration effort:

Metric	Value	Period/Context
Q3 2025 Core FFO per Share	$0.76	Q3 2025
Full Year 2025 Core FFO Guidance Midpoint	$3.00	Narrowed guidance range $2.98 to $3.02
Target Annual Core FFO Growth	2% to 3%	For 2025 and 2026
Q3 2025 Cash Available for Distribution (CAD)	$29.3 million	Q3 2025
Q3 2025 Revenue	$86.15 million	Q3 2025
Total 2025 Revenue	$315.94 million	Full Year Estimate

The focus on existing tenants and properties means you are maximizing returns on assets already under management. For instance, the weighted average age of the portfolio as of March 31, 2025, was 15.9 years, indicating a need for the efficient maintenance practices you employ.

Easterly Government Properties, Inc. (DEA) - Ansoff Matrix: Market Development

Expand the focus on state and local government agencies, a current diversification target.

• As of September 30, 2025, Easterly Government Properties owned 102 operating properties, encompassing approximately 10.2 million leased square feet.
• Of these, six operating properties were leased primarily to tenant agencies of a U.S. state or local government as of September 30, 2025.
• This compares to four such properties as of March 31, 2025.
• The stated portfolio goal includes increasing exposure to state and local tenancy to 15%.

Acquire properties leased to the District of Columbia Government, like the 289,873 square foot Capitol Plaza facility.

Easterly Government Properties acquired the Capitol Plaza I facility on April 3, 2025.

Metric	Value
Acquisition Date	April 3, 2025
Transaction Amount	$119,000,000
Square Footage	289,873 square feet
Primary Tenant	District of Columbia Government (98% leased)
Lease Expiration	February 2038

The facility is LEED Silver and Energy Star rated and was developed in 2006.

Systematically enter new US geographic regions with high concentrations of mission-critical agencies.

• Acquired a 74,549 square foot facility near Burlington, Vermont, 100% leased to the U.S. Department of Homeland Security (DHS), with a lease through May 2031.
• Acquired land to develop a 40,035 rentable square foot Federal District and Federal Magistrate Courthouse in Medford, Oregon, with a 20-year non-cancelable lease.
• Acquired land to develop an approximately 64,000 square foot laboratory in Fort Myers, Florida, with a 25-year non-cancelable lease.

Increase the portfolio exposure to government-adjacent tenants (e.g., defense contractors) toward the stated 15% goal.

The company has a goal of 15% exposure in the adjacent space.

Metric	Value
Current Government-Adjacent Exposure (as of Q3 2025)	9.0% of portfolio
Targeted Government-Adjacent Exposure	15%
Potential Step-Up from Target	60 basis points
Properties Entirely Leased to Private Tenants (as of Q3 2025)	4

The acquisition of the 138,125 square foot York Space Systems headquarters in Colorado, a defense contractor, was completed on August 28, 2025.

Use the existing expertise to bid on international US Embassy or Consulate support facilities.

Easterly Government Properties focuses primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government and its adjacent partners.

• The experienced management team brings specialized insight into the strategy and needs of mission-critical U.S. Government agencies for properties leased to such agencies either directly or through the U.S. General Services Administration (GSA).
• The portfolio occupancy remained near historical highs at 97%.
• The weighted average remaining lease term for the total portfolio was 9.5 years as of September 30, 2025.

Easterly Government Properties, Inc. (DEA) - Ansoff Matrix: Product Development

You're looking at how Easterly Government Properties, Inc. (DEA) plans to grow by creating new, specialized real estate products for its high-credit government tenants. This is about deepening the value within the existing market by offering something better or new, rather than just finding more of the same customers or markets.

The commitment to accelerating the development pipeline is substantial, with the current projection for gross investment set at $50 million to $100 million in 2025. This capital deployment is aimed at creating next-generation assets. For context on the portfolio scale, as of the third quarter of 2025, Easterly Government Properties, Inc. owned approximately 103 properties totaling 10.3 million square feet.

A prime example of developing a highly specialized, Class A facility is the new Fort Myers laboratory. This built-to-suit project involves a 64,000 square foot, two-story facility leased to the Florida Department of Law Enforcement (FDLE) under a 25-year non-cancelable lease, with two five-year extension options. This type of asset development is key to securing long-term, stable cash flows from creditworthy state entities.

Easterly Government Properties, Inc. is also expanding its product by focusing on emerging mission requirements. The company recently closed on the acquisition of a 138,125 square foot facility in Greenwood Village, Colorado, which is 100% leased to York Space Systems through 2031, with a 10-year extension option. This supports rising demand for secure facilities tied to U.S. defense and space priorities.

The strategy to enhance offerings for existing General Services Administration (GSA) tenants involves leveraging deep understanding of government needs. The company knows how to deliver specialized environments that can't be replicated elsewhere, which is the core appeal of their mission-critical facilities. This focus allows Easterly Government Properties, Inc. to meet specific tenant demands, such as those requiring state-of-the-art laboratories or secure IT infrastructure.

Sustainability is being built into the product as well, targeting retrofits across the existing portfolio. The total leased square footage is currently reported at 10.3 million square feet. The plan involves retrofitting existing space to meet new standards, such as achieving LEED Silver or higher certification on properties like the Savannah Laboratory, which is LEED Silver certified.

Here's a quick look at the scale and financial context supporting this product development:

Metric	Value/Range
2025 Gross Development Investment Projection (Prompt Figure)	$50 million to $100 million
Total Portfolio Square Footage (Latest Reported)	10.3 million square feet
Fort Myers Lab Square Footage	64,000 square feet
Fort Myers Lab Lease Term	25 years
York Space Systems Facility Size	138,125 square feet
Total Indebtedness (as of Sept 30, 2025)	Approximately $1.6 billion

The expected financial outcome of these focused efforts is reflected in the guidance. Full-year 2025 Core FFO per share guidance was narrowed to a range of $2.98-$3.02, which at the midpoint reflects 3% growth over 2024. The third quarter 2025 Core FFO per share was reported at $0.76.

The types of specialized products being developed include:

• Built-to-suit forensic laboratories.
• Facilities for emerging space/defense partners.
• Upgrades to meet LEED Silver or higher standards.
• Enhanced security and specialized IT infrastructure integration.

What this estimate hides is the capital required for the $25 million to $75 million gross development-related investment range that was previously cited for 2025, which differs from the $50 million to $100 million figure used above. Still, the focus remains on deploying capital accretively.

Finance: draft memo comparing the two 2025 development investment ranges by Tuesday.

Easterly Government Properties, Inc. (DEA) - Ansoff Matrix: Diversification

You're looking at how Easterly Government Properties, Inc. (DEA) is moving beyond its core U.S. Government tenant base to secure new growth avenues, which is the Diversification quadrant of the Ansoff Matrix. This shift is partly to embed rent escalators, something flat government leases inhibit.

The strategic goal is to grow Funds From Operations (FFO) at rates exceeding historical averages while maintaining high credit quality. As of September 30, 2025, Easterly Government Properties, Inc. owned 102 operating properties totaling approximately 10.2 million leased square feet.

The current portfolio breakdown shows the starting point for this diversification effort:

Tenant Category	Number of Properties (as of 9/30/2025)	Leased Square Feet (Approximate)	Target Allocation (Medium-Term)
U.S. Government	92	Majority of 10.2 million sq ft	~70%
State/Local Government	6	Not specified	~15%
Private Tenants	4	Not specified	~15%

Acquire real estate for high-credit, non-government entities that require similar secure, specialized facilities.

This involves targeting high credit quality state and local government assets. For instance, Easterly Government Properties, Inc. acquired a 289,873 square foot facility in April 2025, which is 98% leased to the District of Columbia Government, rated S&P: AA+. The lease for this facility is secured through 2038 with an option to renew for an additional five years at fair market rent.

Partner with a private developer to build and manage secure data centers for the defense industry.

While specific data on a data center partnership isn't public, the move into government-adjacent space supports defense initiatives. The company is progressing on development projects, including a Florida lab for the state law enforcement agency with expected delivery in late 2026.

Enter the Public-Private Partnership (P3) market for university research facilities with federal grant funding.

This represents a new market entry point to complement core holdings. The strategy aims for these new categories to ultimately comprise about 30% of the future portfolio, up from the current lower exposure.

Target the acquisition of facilities leased to government-adjacent corporations, like the York Space Systems facility in Colorado.

Easterly Government Properties, Inc. executed on this by acquiring a 138,125 square foot facility in Greenwood Village, Colorado, fully leased to York Space Systems in August 2025. This facility supports U.S. defense and space initiatives. The lease structure is a long-term, triple net lease expiring in 2031, with an option for a 10-year extension at market terms. This acquisition aligns with the goal to have government-adjacent properties comprise approximately 15% of the portfolio.

Launch a new fund focused solely on international government-leased properties, a defintely new market.

This strategy involves entering a completely new geographic market. The company is focused on disciplined growth, targeting a medium-term cash leverage goal of 6x, down from its historical range of 7x - 8x. As of Q3 2025, the adjusted net debt to annualized quarterly pro forma EBITDA was 7.2x.

• Full-year 2025 Core FFO per share guidance is narrowed to $2.98 - $3.02.
• Full-year 2026 Core FFO per share guidance is initiated at $3.05 - $3.12.
• The company affirmed its investment-grade KBRA rating of BBB (Stable).
• Total indebtedness stood at approximately $1.6 billion as of September 30, 2025.