Easterly Government Properties (DEA) 10-Q 8 Aug 23 2023 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2023	Aug. 01, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Trading Symbol	DEA
Entity Registrant Name	EASTERLY GOVERNMENT PROPERTIES, INC.
Entity Central Index Key	0001622194
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity File Number	001-36834
Entity Tax Identification Number	47-2047728
Entity Address, Address Line One	2001 K Street NW
Entity Address, Address Line Two	Suite 775 North
Entity Address, City or Town	D.C.
Entity Address, State or Province	WA
Entity Address, Postal Zip Code	20006
City Area Code	202
Local Phone Number	595-9500
Entity Common Stock, Shares Outstanding		93,415,706
Entity Interactive Data Current	Yes
Title of 12(b) Security	Common Stock
Security Exchange Name	NYSE
Entity Incorporation, State or Country Code	MD
Document Quarterly Report	true
Document Transition Report	false

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Assets
Real estate properties, net	$ 2,270,435	$ 2,285,308
Cash and cash equivalents	9,816	7,578
Restricted cash	11,970	9,696
Tenant accounts receivable	60,862	58,835
Investment in unconsolidated real estate venture	268,594	271,644
Intangible assets, net	145,837	157,282
Interest rate swaps	5,114	4,020
Prepaid expenses and other assets	35,335	35,022
Total assets	2,807,963	2,829,385
Liabilities
Revolving credit facility	53,000	65,500
Term loan facilities, net	249,179	248,972
Notes payable, net	696,290	696,052
Mortgage notes payable, net	222,711	240,847
Intangible liabilities, net	14,421	16,387
Deferred revenue	85,932	83,309
Accounts payable, accrued expenses and other liabilities	64,363	67,336
Total liabilities	1,385,896	1,418,403
Equity
Common stock, par value $0.01, 200,000,000 shares authorized, 93,415,706 and 90,814,021 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively	934	908
Additional paid-in capital	1,673,399	1,622,913
Retained earnings	102,491	93,497
Cumulative dividends	(524,806)	(475,983)
Accumulated other comprehensive income (loss)	4,518	3,546
Total stockholders’ equity	1,256,536	1,244,881
Non-controlling interest in Operating Partnership	165,531	166,101
Total equity	1,422,067	1,410,982
Total liabilities and equity	$ 2,807,963	$ 2,829,385

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) (Unaudited) - $ / shares	Jun. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Common Stock, par value	$ 0.01	$ 0.01
Common Stock, shares authorized	200,000,000	200,000,000
Common Stock, shares issued	93,415,706	90,814,021
Common Stock, shares outstanding	93,415,706	90,814,021

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenues
Rental income	$ 67,758	$ 71,156	$ 135,906	$ 141,595
Asset management income	517	317	1,034	565
Total revenues	71,373	72,757	142,593	145,059
Expenses
Property operating	17,629	15,551	35,517	31,009
Real estate taxes	7,619	7,851	15,087	15,677
Depreciation and amortization	22,619	24,343	45,700	48,502
Acquisition costs	444	302	905	664
Corporate general and administrative	7,024	5,966	14,319	11,949
Total expenses	55,335	54,013	111,528	107,801
Other income (expense)
Income from unconsolidated real estate venture	1,418	825	2,820	1,456
Interest expense, net	(11,678)	(11,439)	(23,693)	(22,321)
Net income	5,778	8,130	10,192	16,393
Non-controlling interest in Operating Partnership	(675)	(933)	(1,198)	(1,855)
Net income available to Easterly Government Properties, Inc.	$ 5,103	$ 7,197	$ 8,994	$ 14,538
Net income available to Easterly Government Properties, Inc. per share:
Basic	$ 0.05	$ 0.08	$ 0.09	$ 0.16
Diluted	$ 0.05	$ 0.08	$ 0.09	$ 0.16
Weighted-average common shares outstanding
Basic	93,358,851	90,751,351	92,235,346	90,452,594
Diluted	93,641,382	91,083,980	92,508,651	90,799,647
Dividends declared per common share	$ 0.265	$ 0.265	$ 0.53	$ 0.53
Tenant Reimbursements [Member]
Revenues
Total revenues	$ 2,500	$ 916	$ 4,575	$ 2,060
Other Income [Member]
Revenues
Total revenues	$ 598	$ 368	$ 1,078	$ 839

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 5,778	$ 8,130	$ 10,192	$ 16,393
Other comprehensive income:
Unrealized gain on interest rate swaps, net	3,107	2,903	1,094	8,410
Other comprehensive income	3,107	2,903	1,094	8,410
Comprehensive income	8,885	11,033	11,286	24,803
Non-controlling interest in Operating Partnership	(675)	(933)	(1,198)	(1,855)
Other comprehensive income attributable to non-controlling interest	(362)	(338)	(122)	(945)
Comprehensive income attributable to Easterly Government Properties, Inc.	$ 7,848	$ 9,762	$ 9,966	$ 22,003

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash flows from operating activities
Net income	$ 10,192	$ 16,393
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	45,700	48,502
Straight line rent	(1,365)	(531)
Income from unconsolidated real estate venture	(2,820)	(1,456)
Amortization of above- / below-market leases	(1,376)	(1,604)
Amortization of unearned revenue	(3,106)	(2,841)
Amortization of loan premium / discount	(543)	(563)
Amortization of deferred financing costs	1,031	1,022
Amortization of lease inducements	431	428
Distributions from investment in unconsolidated real estate venture	5,870	3,369
Non-cash compensation	2,967	3,266
Net change in:
Tenant accounts receivable	(754)	2,712
Prepaid expenses and other assets	(1,598)	(1,510)
Deferred revenue associated with operating leases	5,730	1,464
Principal payments on operating lease obligations	(218)	(195)
Accounts payable, accrued expenses and other liabilities	(1,089)	(4,102)
Net cash provided by operating activities	59,052	64,354
Cash flows from investing activities
Real estate acquisitions and deposits	107	(78,771)
Additions to operating properties	(12,105)	(10,891)
Additions to development properties	(8,969)	(4,949)
Distributions from investment in unconsolidated real estate venture		304
Investment in unconsolidated real estate venture		(52,721)
Net cash used in investing activities	(20,967)	(147,028)
Cash flows from financing activities
Issuance of common shares	52,414	9,504
Credit facility draws	53,750	157,250
Credit facility repayments	(66,250)	(29,000)
Repayments of mortgage notes payable	(17,812)	(2,628)
Dividends and distributions paid	(55,619)	(54,415)
Payment of offering costs	(56)	(136)
Net cash (used in) provided by financing activities	(33,573)	80,575
Net increase (decrease) in Cash and cash equivalents and Restricted cash	4,512	(2,099)
Cash and cash equivalents and Restricted cash, beginning of period	17,274	20,143
Cash and cash equivalents and Restricted cash, end of period	21,786	18,044
Supplemental disclosure of cash flow information is as follows (amounts in thousands):
Cash paid for interest (net of capitalized interest of $665 and $531 in 2023 and 2022)	23,555	21,766
Supplemental disclosure of non-cash information
Offering costs accrued, not paid	10
Deferred asset acquisition costs accrued, not paid	18	128
Unrealized gain on interest rate swaps, net	1,094	8,410
Properties acquired for Common Units	219	17,361
Recognition of operating lease right-of-use assets		101
Recognition of liabilities related to operating lease right-of-use assets		101
Exchange of Common Units for Shares of Common Stock
Non-controlling interest in Operating Partnership	(140)	(2,911)
Common stock		2
Additional paid-in capital	140	2,909
Operating Properties [Member]
Supplemental disclosure of non-cash information
Additions to properties accrued, not paid	5,404	1,207
Development Properties [Member]
Supplemental disclosure of non-cash information
Additions to properties accrued, not paid	$ 2,350	$ 2,534

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parenthetical) (unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Statement of Cash Flows [Abstract]
Capitalized interest	$ 665	$ 531

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ 5,103	$ 7,197	$ 8,994	$ 14,538

Insider Trading Arrangements

Insider Trading Arrangements	6 Months Ended
	Jun. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Organization and Basis of Prese

Organization and Basis of Presentation	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Organization and Basis of Presentation	1. Organization and Basis of Presentation The information contained in the following notes to the consolidated financial statements is condensed from that which would appear in the annual consolidated financial statements; accordingly, the consolidated financial statements included herein should be reviewed in conjunction with the consolidated financial statements for the fiscal year ended December 31, 2022, and related notes thereto, included in the Annual Report on Form 10-K of Easterly Government Properties, Inc. (the “Company”) for the year ended December 31, 2022 filed with the U.S. Securities and Exchange Commission (the “SEC”) on February 28, 2023. The Company is a Maryland corporation that has elected to be taxed as a real estate investment trust (“REIT”) under the Internal Revenue Code of 1986, as amended (the “Code”), commencing with its taxable year ended December 31, 2015. The operations of the Company are carried on primarily through Easterly Government Properties LP (the “Operating Partnership”) and the wholly owned subsidiaries of the Operating Partnership. As used herein, the “Company,” “we,” “us,” or “our” refer to Easterly Government Properties, Inc. and its consolidated subsidiaries and partnerships, including the Operating Partnership, except where context otherwise requires. We are an internally managed REIT, focused primarily on the acquisition, development, and management of Class A commercial properties that are leased to U.S. Government agencies that serve essential functions. We generate substantially all of our revenue by leasing our properties to such agencies, either directly or through the U.S. General Services Administration (“GSA”). Our objective is to generate attractive risk-adjusted returns for our stockholders over the long-term through dividends and capital appreciation. We focus on acquiring, developing and managing U.S. Government leased properties that are essential to supporting the mission of the tenant agency and strive to be a partner of choice for the U.S. Government, working closely with the tenant agency to meet its needs and objectives. As of June 30, 2023, we wholly owned 78 operating properties and eight operating properties through an unconsolidated joint venture (the “JV”) in the United States, encompassing approximately 8.6 million leased square feet, including 85 operating properties that were leased primarily to U.S. Government tenant agencies and one operating property that was entirely leased to a private tenant. As of June 30, 2023, our operating properties were 98 % leased. For purposes of calculating percentage leased, we exclude from the denominator total square feet that was unleased and to which we attributed no value at the time of acquisition. In addition, we wholly owned one property under development that we expect will encompass approximately 0.2 million leased square feet upon completion. The Operating Partnership holds substantially all of our assets and conducts substantially all of our business. We are the sole general partner of the Operating Partnership. We owned approximately 88.4 % of the aggregate limited partnership interests in the Operating Partnership (“common units”) at June 30, 2023. We believe that we have operated and have been organized in conformity with the requirements for qualification and taxation as a REIT for U.S. federal income tax purposes commencing with our taxable year ended December 31, 2015. Principles of Consolidation The accompanying consolidated financial statements are presented on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and include the accounts of the Company, Easterly Government Properties TRS, LLC, Easterly Government Services, LLC, the Operating Partnership and its other subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. Basis of Presentation The condensed consolidated financial statements included herein are unaudited; however, they include all adjustments (consisting only of normal recurring adjustments) which, in the opinion of management, are necessary to state fairly the consolidated financial position of the Company at June 30, 2023 and December 31, 2022, the consolidated results of operations for the three and six months ended June 30, 2023 and 2022, and the consolidated cash flows for the six months ended June 30, 2023 and 2022. The year-end condensed consolidated balance sheet data was derived from audited financial statements but does not include all disclosures required by GAAP. The results of operations for the interim periods presented are not necessarily indicative of the results to be expected for the full year. The preparation of the consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities at the date of the balance sheet, and the reported amounts of revenues and expenses during the reporting period. We base our estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, including the impact of extraordinary events, the results of which form the basis for making judgments about carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies The significant accounting policies used in the preparation of our condensed consolidated financial statements are disclosed in our Annual Report on Form 10-K for the year ended December 31, 2022 .

Real Estate and Intangibles

Real Estate and Intangibles	6 Months Ended
	Jun. 30, 2023
Real Estate [Abstract]
Real Estate and Intangibles	3. Real Estate and Intangibles Consolidated Real Estate and Intangibles Real estate and intangibles consisted of the following as of June 30, 2023 (amounts in thousands): Total Real estate properties, net Land $ 213,592 Building and improvements 2,292,532 Acquired tenant improvements 81,666 Construction in progress 38,254 Accumulated depreciation ( 355,609 ) Total Real estate properties, net 2,270,435 Intangible assets, net In-place leases 271,066 Acquired leasing commissions 68,642 Above market leases 14,620 Payment in lieu of taxes 6,394 Accumulated amortization ( 214,885 ) Total Intangible assets, net 145,837 Intangible liabilities, net Below market leases ( 72,037 ) Accumulated amortization 57,616 Total Intangible liabilities, net ( 14,421 ) No operating properties were acquired or disposed of during the six months ended June 30, 2023. During the three and six months ended June 30, 2023, we incurred $ 0.4 million and $ 0.9 million of acquisition-related expenses, respectively, mainly consisting of internal costs associated with future property acquisitions . The following table summarizes the scheduled amortization of our acquired above- and below-market lease intangibles for each of the five succeeding years as of June 30, 2023 (amounts in thousands): Acquired Above-Market Lease Intangibles Acquired Below-Market Lease Intangibles 2023 (1) $ 586 $ ( 1,941 ) 2024 1,129 ( 2,938 ) 2025 1,097 ( 2,246 ) 2026 1,096 ( 2,008 ) 2027 1,096 ( 1,783 ) (1) Represents the six months ending December 31, 2023. Above-market lease amortization reduces Rental income on our Consolidated Statements of Operations and below-market lease amortization increases Rental income on our Consolidated Statements of Operations.

Investments in Unconsolidated R

Investments in Unconsolidated Real Estate Venture	6 Months Ended
	Jun. 30, 2023
Unconsolidated Real Estate Venture [Abstract]
Investments in Unconsolidated Real Estate Venture	4. Investment in Unconsolidated Real Estate Venture The following is a summary of our investment in the JV (dollars in thousands): As of June 30, Joint Venture Ownership Interest 2023 MedBase Venture 53.0 % $ 268,594 On October 13, 2021, we formed an unconsolidated real estate venture, which we refer to as the JV, with a global investor to fund the acquisition of a portfolio of ten properties anticipated to encompass 1,214,165 leased square feet (the "VA Portfolio"). We own a 53.0 % interest in the JV, subject to preferred allocations as provided in the JV agreement. No operating properties were acquired by the JV during the six months ended June 30, 2023. As of June 30, 2023 , eight of the ten properties in the VA Portfolio had been acquired by the JV. We provide asset management services to the JV. During the three and six months ended June 30, 2023, we recognized asset management service revenue of $ 0.5 million and $ 1.0 million, respectively. During the three and six months ended June 30, 2022 we recognized asset management service revenue of $ 0.3 million and $ 0.6 million, respectively. The following is a summary of financial information for the JV (amounts in thousands): As of June 30, Balance sheet information: 2023 Real estate, net $ 425,696 Other assets, net (1) 90,734 Total assets $ 516,430 Total liabilities (2) $ 10,296 Total equity 506,134 Total liabilities and equity $ 516,430 Company’s share of equity $ 268,219 Basis differential (3) 375 Carrying value of the Company’s investment in the unconsolidated venture $ 268,594 (1) At June 30, 2023 , this amount included right-of-use assets - finance leases totaling approximately $ 4.9 million representing a ground lease at VA – Lubbock. (2) At June 30, 2023 , this amount included lease liabilities - finance leases totaling approximately $ 5.0 million representing a ground lease at VA – Lubbock. (3) This amount represents the aggregate difference between our historical cost basis and the basis reflected at the joint venture level. For the three months ended June 30, For the six months ended June 30, Income statement information: 2023 2022 2023 2022 Total revenue $ 10,076 $ 5,965 $ 19,856 $ 10,663 Operating income 2,716 1,597 5,403 2,828 Net income 2,675 1,556 5,321 2,746 Company’s share of net income $ 1,418 $ 825 $ 2,820 $ 1,456

Debt

Debt	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Debt	5. Debt At June 30, 2023, our consolidated borrowings consisted of the following (amounts in thousands): Principal Outstanding Interest Current Loan June 30, 2023 Rate (1) Maturity Revolving credit facility: Revolving credit facility (2) $ 53,000 S + 135 bps (3) July 2025 (4) Total revolving credit facility 53,000 Term loan facilities: 2016 term loan facility 100,000 2.72 % (6) March 2024 2018 term loan facility (5) 150,000 5.42 % (7) July 2026 Total term loan facilities 250,000 Less: Total unamortized deferred financing fees ( 821 ) Total term loan facilities, net 249,179 Notes payable: 2017 series A senior notes 95,000 4.05 % May 2027 2017 series B senior notes 50,000 4.15 % May 2029 2017 series C senior notes 30,000 4.30 % May 2032 2019 series A senior notes 85,000 3.73 % September 2029 2019 series B senior notes 100,000 3.83 % September 2031 2019 series C senior notes 90,000 3.98 % September 2034 2021 series A senior notes 50,000 2.62 % October 2028 2021 series B senior notes 200,000 2.89 % October 2030 Total notes payable 700,000 Less: Total unamortized deferred financing fees ( 3,710 ) Total notes payable, net 696,290 Mortgage notes payable: VA – Golden 8,546 5.00 % (8) April 2024 USFS II – Albuquerque 12,541 4.46 % (8) July 2026 ICE – Charleston 12,727 4.21 % (8) January 2027 VA – Loma Linda 127,500 3.59 % (8) July 2027 CBP – Savannah 9,972 3.40 % (8) July 2033 USCIS – Kansas City 51,500 3.68 % (8) August 2024 Total mortgage notes payable 222,786 Less: Total unamortized deferred financing fees ( 1,172 ) Less: Total unamortized premium/discount 1,097 Total mortgage notes payable, net 222,711 Total debt $ 1,221,180 (1) At June 30, 2023, the USD SOFR with a five day lookback (“S”) was 5.06 %. The current interest rate is not adjusted to include the amortization of deferred financing fees or debt issuance costs incurred in obtaining debt or any unamortized fair market value premiums. The spread over the applicable rate for each of our $ 450.0 million senior unsecured revolving credit facility (our “revolving credit facility”), our $ 200.0 million senior unsecured term loan facility (as amended, our “2018 term loan facility”) and our $ 100.0 million senior unsecured term loan facility (our “2016 term loan facility”) is based on our consolidated leverage ratio, as set forth in the respective loan agreements. (2) Our revolving credit facility had available capacity of $ 396.9 million at June 30, 2023 with an accordion feature that permits us to request additional lender commitments for up to $ 250.0 million of additional capacity, subject to the satisfaction of customary terms and conditions. (3) Entered into one interest rate swap with an effective date of June 23, 2023 with a notional value of $ 100.0 million, of which $ 50.0 million is associated with our revolving credit facility, to effectively fix the interest rate at 5.36 % annually, based on our consolidated leverage ratio, as defined in our revolving credit facility agreement. (4) Our revolving credit facility has two six-month as-of-right extension options subject to certain conditions and the payment of an extension fee . (5) Our 2018 term loan facility has undrawn capacity up to $ 50.0 million of which is available during a delayed draw period. (6) Entered into two interest rate swaps with an effective date of March 29, 2017 with an aggregate notional value of $ 100.0 million to effectively fix the interest rate at 2.72 % annually, based on our consolidated leverage ratio, as defined in our 2016 term loan facility agreement. We transitioned the two interest rate swaps from LIBOR to SOFR effective November 29, 2022. (7) Entered into two interest rate swaps with an effective date of June 23, 2023 with an aggregate notional value of $ 200.0 million, of which $ 150.0 million is associated with our 2018 term loan facility, to effectively fix the interest rate at 5.42 % annually, based on our consolidated leverage ratio, as defined in our 2018 term loan facility agreement. (8) Effective interest rates are as follows: VA – Golden 5.03 %, USFS II – Albuquerque 3.92 %, ICE – Charleston 3.93 %, VA – Loma Linda 3.78 %, CBP – Savannah 4.12 %, USCIS – Kansas City 2.05 %. As of June 30, 2023, the net carrying value of real estate collateralizing our mortgages payable totaled $ 330.0 million. See Note 7 for the fair value of our debt instruments. On January 26, 2023, we used $ 15.7 million of available cash to extinguish the mortgage note obligation on DEA – Pleasanton. On February 3, 2023, we entered into three SOFR-based interest rate swaps each with a notional value of $ 100.0 million that were designated as cash flow hedges of interest rate risk. Two of the interest rate swaps, with an aggregate notional value of $ 200.0 million, became effective in June 2023 . The third swap, with a notional value of $100.0 million, will become effective when our existing swaps mature in September 2023. See Note 6 for more information on our interest rate swaps. On May 30, 2023, we entered into the third amendment to our second amended and restated credit agreement, dated as of July 23, 2021 and into the sixth amendment to our senior unsecured term loan agreement, dated as of September 29, 2016. These amendments added a daily simple SOFR-based option to the term SOFR-based floating interest rate option as a benchmark rate for borrowings denominated in U.S. dollars for all purposes under the credit and term loan agreements, including, in each case, a credit spread adjustment of 0.10 %. On July 20, 2023, we drew the full $ 50.0 million delayed draw on our 2018 term loan facility and transferred $ 50.0 million of our interest rate swap with a notional value of $ 100.0 million, from our revolving credit facility to the $ 50.0 million delayed draw. Financial Covenant Considerations As of June 30, 2023, we were in compliance with all financial and other covenants related to our debt.

Derivatives and Hedging Activit

Derivatives and Hedging Activities	6 Months Ended
	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives and Hedging Activities	6. Derivatives and Hedging Activities The following table sets forth the key terms and fair values of our interest rate swap derivatives, each of which was designated as a cash flow hedge as of June 30, 2023 (amounts in thousands): Notional Amount Fixed Rate Floating Rate Index Effective Date Expiration Date Fair Value $ 37,000 1.36 % One Month USD-SOFR CME Term November 29, 2022 September 29, 2023 $ 355 $ 63,000 1.38 % One Month USD-SOFR CME Term November 29, 2022 September 29, 2023 $ 601 $ 100,000 4.01 % USD-SOFR with -5 Day Lookback June 23, 2023 March 23, 2025 $ 1,418 $ 100,000 4.18 % USD-SOFR with -5 Day Lookback June 23, 2023 December 23, 2024 $ 1,176 $ 100,000 3.70 % USD-SOFR with -5 Day Lookback September 29, 2023 June 29, 2025 $ 1,564 The table below sets forth the fair value of our interest rate derivatives as well as their classification on our Consolidated Balance Sheet (amounts in thousands): Balance Sheet Line Item As of June 30, 2023 Interest rate swaps - Asset $ 5,114 Cash Flow Hedges of Interest Rate Risk The gains or losses on derivatives designated and that qualify as cash flow hedges is recorded in Accumulated other comprehensive income (loss) (“AOCI”) and will be reclassified to interest expense in the period that the hedged forecasted transactions affect earnings on our variable rate debt. We estimate that $ 4.3 million will be reclassified from AOCI as a decrease to interest expense over the next 12 months. The table below presents the effects of our interest rate derivatives on our Consolidated Statements of Operations and Comprehensive Income (amounts in thousands): For the three months ended June 30, For the six months ended June 30, 2023 2022 2023 2022 Unrealized gain recognized in AOCI $ 4,842 $ 2,005 $ 4,336 $ 6,244 Gain (loss) reclassified from AOCI into interest expense 1,735 ( 898 ) 3,242 ( 2,166 ) Credit-Risk-Related Contingent Features We have agreements with each of our derivative counterparties that contain a provision where we could be declared in default on our derivative obligations if repayment of the underlying indebtedness is accelerated by the lender due to our default on such indebtedness. As of June 30, 2023, we were no t in a net liability position with any derivative counterparty. As of June 30, 2023, we were in compliance with these agreements and had not posted any collateral related to these agreements.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	7. Fair Value Measurements Accounting standards define fair value as the exit price, or the amount that would be received upon sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The standards also establish a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs market participants would use in valuing the asset or liability developed based on market data obtained from sources independent of us. Unobservable inputs are inputs that reflect our assumptions about the factors market participants would use in valuing the asset or liability developed based upon the best information available in the circumstances. The hierarchy of these inputs is broken down into three levels: Level 1, defined as observable inputs such as quoted prices in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. Categorization within the valuation hierarchy is based upon the lowest level of input that is most significant to the fair value measurement. Recurring fair value measurements The fair values of our interest rate swaps are determined using widely accepted valuation techniques, including discounted cash flow analysis, on the expected cash flows of each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves and implied volatilities in such interest rates. While we determined that the majority of the inputs used to value our derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with our derivatives utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by us and our counterparties. We have determined that the significance of the impact of the credit valuation adjustments made to our derivative contracts, which determination was based on the fair value of each individual contract, was not significant to the overall valuation. As a result, all of our derivatives held as of June 30, 2023 were classified as Level 2 of the fair value hierarchy. The carrying values of cash and cash equivalents, restricted cash, accounts receivable, other assets and accounts payable and accrued expenses are reasonable estimates of fair values because of the short maturities of these instruments. The table below presents our assets measured at fair value on a recurring basis as of June 30, 2023, aggregated by the level in the fair value hierarchy within which those measurements fall (amounts in thousands): As of June 30, 2023 Balance Sheet Line Item Level 1 Level 2 Level 3 Interest rate swaps - Asset $ — $ 5,114 $ — For our disclosure of debt fair values, we estimated the fair value of our 2016 term loan facility and our 2018 term loan facility based on the variable interest rate and credit spreads (categorized within Level 3 of the fair value hierarchy) and estimated the fair value of our other debt based on the discounted estimated future cash payments to be made on such debt (categorized within Level 3 of the fair value hierarchy); the discount rates used approximate current market rates for loans, or groups of loans, with similar maturities and credit quality, and the estimated future payments included scheduled principal and interest payments. Fair value estimates are made as of a specific point in time, are subjective in nature and involve uncertainties and matters of significant judgment. Settlement at such fair value amounts may not be possible and may not be a prudent management decision. Financial assets and liabilities not measured at fair value As of June 30, 2023, all financial instruments and liabilities were reflected in our balance sheets at amounts which, in our estimation, reasonably approximated their fair values, except for the following: As of June 30, 2023 Financial liabilities Carrying Amount (1) Fair Value (2) Revolving credit facility $ 53,000 $ 53,000 2016 term loan facility $ 100,000 $ 100,000 2018 term loan facility $ 150,000 $ 150,000 Notes payable $ 700,000 $ 591,010 Mortgages payable $ 222,786 $ 206,596 (1) The carrying amount consists of principal only. (2) We deem the fair value measurement of the financial liability instrument a Level 3 measurement.

Equity Incentive Pan

Equity Incentive Pan	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
Equity Incentive Plan	8. Equity Incentive Plan Restricted Shares We award restricted stock to certain members of management and non‑employee directors. Management awards generally vest over a range of two to four years. Non‑employee director awards vest upon the earlier of the anniversary of the date of the grant or the next annual stockholder meeting, as long as the grantee remains a director or employee on such date. Restricted stock awards issued under the 2015 Equity Incentive Plan, as amended (the “2015 Equity Incentive Plan”), may not be sold or otherwise transferred until restrictions have lapsed, as established by the compensation committee. We value our non-vested restricted share awards at the grant date fair value, which was the market price of our common stock as of the applicable grant date. Compensation expense related to restricted common stock awards was $ 0.2 million and $ 0.2 million for the three months ended June 30, 2023 and 2022 , respectively, and $ 0.3 million and $ 0.4 million for the six months ended June 30, 2023 and 2022, respectively. The fair value of restricted stock that vested was $ 0.3 million and $ 1.5 million during the six months ended June 30, 2023 and 2022, respectively, based on the market price at the vesting date. The balance of unamortized restricted stock expense as of June 30, 2023 was $ 0.5 million, which is expected to be recognized over a weighted‑average period of 1.1 years. A summary of the status of our restricted shares as of June 30, 2023 and changes during the six months ended June 30, 2023 is presented below: Restricted Shares Restricted Shares Weighted Average Grant Date Outstanding, December 31, 2022 41,315 $ 19.94 Vested ( 24,347 ) 18.57 Granted 32,486 14.18 Forfeited — — Outstanding, June 30, 2023 49,454 $ 16.83 LTIP Units We grant LTIP units to certain members of management and non‑employee directors. Management awards generally vest immediately or over a range of two to four years. Non‑employee director shares vest upon the earlier of the anniversary of the date of the grant or the next annual stockholder meeting, as long as the grantee remains a director or employee on such date. Performance-based LTIP units are earned subject to us achieving certain thresholds, including absolute total shareholder returns, relative total shareholder returns, or operational hurdles through the performance period. Service-based LTIP units vest over time, subject to continued employment and other terms of the awards. The following is a summary of our granted LTIP unit awards during the six months ended June 30, 2023: Award Grant Performance Period Vest Date Units Granted Service January 3, 2023 — December 31, 2025 219,859 Operational January 3, 2023 December 31, 2025 1 127,291 Performance January 3, 2023 December 31, 2025 1 148,633 Service March 2, 2023 — March 2, 2026 3,438 Service May 9, 2023 — 2 16,244 2023 LTIP Grant 515,465 (1) Earned units will vest on the date of compensation committee determination of performance. (2) Units will vest on the earlier of the anniversary of the grant date or the 2024 stockholder meeting. We value our operational LTIP unit awards that are subject to us achieving certain performance conditions at the grant date fair value, which is the market price of our common stock as of the applicable grant date. We value our service-based LTIP unit awards at the grant date fair value, which is the market price of our common stock as of the applicable grant date, discounted by the risk related to the timing of book-up events. For the performance LTIP unit awards granted that are subject to us achieving certain total shareholder return thresholds, we used a Monte Carlo Simulation (risk-neutral approach) to determine the grant date fair value. The following is a summary of the significant assumptions used to value the total shareholder return for performance-based LTIP units during the six months ended June 30, 2023: Expected volatility 29.0 % Dividend yield 5.6 % Risk-free interest rate 4.2 % Expected life 3 years The fair value of LTIP units that vested were $ 4.0 million and $ 5.5 million during the six months ended June 30, 2023 and 2022 , respectively, based on the market price at the vesting date. Compensation expense related to LTIP unit awards was $ 1.2 million and $ 1.5 million for the three months ended June 30, 2023 and 2022 , respectively, and $ 2.7 million and $ 2.9 million for the six months ended June 30, 2023 and 2022, respectively. The balance of unamortized LTIP expense as of June 30, 2023 was $ 9.9 million, which is expected to be recognized over a weighted‑average period of 1.9 years. As of June 30, 2023, management considers it probable that the operational performance conditions on our unvested grants will be achieved. A summary of the status of our LTIP units as of June 30, 2023 and changes during the six months ended June 30, 2023 are presented below: LTIP Units (1) LTIP Units Weighted Average Grant Date Fair Value Per Share Outstanding, December 31, 2022 896,665 $ 19.90 Vested ( 204,570 ) 21.50 Granted 515,465 12.25 Forfeited ( 85,352 ) 18.30 Outstanding, June 30, 2023 1,122,208 $ 16.21 (1) Reflects the number of LTIP units issued to the grantee on the date which may be different from the number of LTIP units actually earned in the case of performance-based LTIP units.

Equity

Equity	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
Equity	9. Equity The following table summarizes the changes in our stockholders’ equity for the three months ended June 30, 2023 and 2022 (amounts in thousands, except share amounts): Shares Common Additional Retained Cumulative Accumulated Non- Total Three months ended June 30, 2023 Balance at March 31, 2023 93,389,906 $ 934 $ 1,672,467 $ 97,388 $ ( 500,051 ) $ 1,773 $ 167,528 $ 1,440,039 Stock based compensation — — 148 — — — 1,151 1,299 Dividends and distributions paid 0.265 per share) — — — — ( 24,755 ) — ( 3,401 ) ( 28,156 ) Grant of unvested restricted stock 25,800 — — — — — — — Unrealized gain on interest rate swaps — — — — — 2,745 362 3,107 Net income — — — 5,103 — — 675 5,778 Allocation of non-controlling interest — — 784 — — — ( 784 ) — Balance at June 30, 2023 93,415,706 $ 934 $ 1,673,399 $ 102,491 $ ( 524,806 ) $ 4,518 $ 165,531 $ 1,422,067 Three months ended June 30, 2022 Balance at March 31, 2022 90,779,897 $ 908 $ 1,614,798 $ 69,364 $ ( 403,788 ) $ ( 172 ) $ 158,235 $ 1,439,345 Stock based compensation — — 169 — — — 1,468 1,637 Dividends and distributions paid 0.265 per share) — — — — ( 24,063 ) — ( 3,318 ) ( 27,381 ) Grant of unvested restricted stock 21,725 — — — — — — — Redemption of common units for 15,000 — 211 — — — ( 211 ) — Contribution of property for — — — — — — 17,361 17,361 Unrealized gain on interest rate — — — — — 2,565 338 2,903 Net income — — — 7,197 — — 933 8,130 Allocation of non-controlling interest — — 6,110 — — — ( 6,110 ) — Balance at June 30, 2022 90,816,622 $ 908 $ 1,621,288 $ 76,561 $ ( 427,851 ) $ 2,393 $ 168,696 $ 1,441,995 The following table summarizes the changes in our stockholders’ equity for the six months ended June 30, 2023 and 2022 (amounts in thousands, except share amounts): Shares Common Additional Retained Cumulative Accumulated Non- Total Six months ended June 30, 2023 Balance at December 31, 2022 90,814,021 $ 908 $ 1,622,913 $ 93,497 $ ( 475,983 ) $ 3,546 $ 166,101 $ 1,410,982 Stock based compensation — — 293 — — — 2,674 2,967 Dividends and distributions paid 0.530 per share) — — — — ( 48,823 ) — ( 6,796 ) ( 55,619 ) Grant of unvested restricted stock 32,486 — — — — — — — Redemption of common units for 10,199 — 140 — — — ( 140 ) — Issuance of common stock, net 2,559,000 26 52,206 — — — — 52,232 Contribution of property for — — — — — — 219 219 Unrealized gain on interest rate swaps — — — — — 972 122 1,094 Net income — — — 8,994 — — 1,198 10,192 Allocation of non-controlling interest — — ( 2,153 ) — — — 2,153 — Balance at June 30, 2023 93,415,706 $ 934 $ 1,673,399 $ 102,491 $ ( 524,806 ) $ 4,518 $ 165,531 $ 1,422,067 Six months ended June 30, 2022 Balance at December 31, 2021 90,147,868 $ 901 $ 1,604,712 $ 62,023 $ ( 379,895 ) $ ( 5,072 ) $ 158,912 $ 1,441,581 Stock based compensation — — 352 — — — 2,914 3,266 Dividends and distributions paid 0.530 per share) — — — — ( 47,956 ) — ( 6,459 ) ( 54,415 ) Grant of unvested restricted stock 29,078 — — — — — — — Redemption of common units for 204,751 2 2,909 — — — ( 2,911 ) — Issuance of common stock, net 434,925 5 9,394 — — — — 9,399 Contribution of property for — — — — — — 17,361 17,361 Unrealized gain on interest rate — — — — — 7,465 945 8,410 Net income — — — 14,538 — — 1,855 16,393 Allocation of non-controlling interest — — 3,921 — — — ( 3,921 ) — Balance at June 30, 2022 90,816,622 $ 908 $ 1,621,288 $ 76,561 $ ( 427,851 ) $ 2,393 $ 168,696 $ 1,441,995 A summary of dividends declared by our board of directors per share of common stock and per common unit at the date of record is as follows: Quarter Declaration Date Record Date Payment Date Dividend (1) Q1 2023 April 26, 2023 May 11, 2023 May 23, 2023 $ 0.265 Q2 2023 August 2, 2023 August 17, 2023 August 29, 2023 $ 0.265 (1) Prior to the end of the performance period as set forth in the applicable LTIP unit award, holders of performance-based LTIP units are entitled to receive dividends per LTIP unit equal to 10 % of the dividend paid per common unit. After the end of the performance period, the number of LTIP units, both vested and unvested, that LTIP award recipients have earned, if any, are entitled to receive dividends in an amount per LTIP unit equal to dividends, both regular and special, payable per common unit. Holders of LTIP units that are not subject to the attainment of performance goals are entitled to receive dividends per LTIP unit equal to 100 % of the dividend paid per common unit beginning on the grant date. Offering of Common Stock on a Forward Basis On August 11, 2021, we completed an underwritten public offering of 6,300,000 shares of common stock offered on a forward basis. In connection with the offering, we also entered into separate forward sale agreements with each of the forward purchasers (the “Forward Sales Agreements”), pursuant to which the forward purchasers borrowed and sold to the underwriters an aggregate of 6,300,000 shares of our common stock. On December 28, 2021, we issued 3,991,000 shares of our common stock for net proceeds of $ 85.0 million, which shares were issued in partial settlement of the Forward Sales Agreements entered into in connection with the underwritten public offering. During the three months ended March 31, 2023, we issued 2,309,000 shares of common stock under the Forward Sale Agreements and received net cash proceeds of approximately $ 46.8 million. As of June 30, 2023, all shares of common stock under the Forward Sales Agreements had been issued and settled. ATM Programs We entered into separate equity distribution agreements on each of December 20, 2019 (the “2019 ATM Program”) and June 22, 2021 (the “2021 ATM Program” and, together with the 2019 ATM Program, the “ATM Programs”) with various financial institutions pursuant to which we may issue and sell shares of our common stock having an aggregate offering price of up to $ 300.0 million under each ATM Program from time to time in negotiated transactions or transactions that are deemed to be “at the market” offerings as defined in Rule 415 under the Securities Act of 1933, as amended (the “Securities Act”). Under each of the ATM Programs, we may enter into one or more forward transactions (each, a “forward sale transaction”) under separate master forward sale confirmations and related supplemental confirmations with each of the various financial institutions party to the respective ATM Program for the sale of shares of our common stock on a forward basis. The following table sets forth certain information with respect to issuances under the 2019 ATM Program during the six months ended June 30, 2023 (amounts in thousands except share amounts): 2019 ATM Program For the three months ended Number of Shares Issued (1) Net Proceeds (1) March 31, 2023 250,000 $ 5,562 June 30, 2023 — — Total 250,000 $ 5,562 (1) Shares were all issued in settlement of forward sales transactions. Additionally, as of June 30, 2023 , we had entered into forward sales transactions under the 2019 ATM Program for the sale of an additional 1,700,000 shares of our common stock that have not yet been settled. Subject to our right to elect net share settlement, we expect to physically settle the forward sales transactions by the maturity dates set forth in each applicable forward sale transaction placement notice, which dates range from August 2023 to July 2024. Assuming the forward sales transactions are physically settled in full utilizing a net weighted average initial forward sales price of $ 21.61 per share, we expect to receive net proceeds of approximately $ 36.7 million, after deducting offering costs, subject to adjustments in accordance with the applicable forward sale transaction. We accounted for the forward sale transactions as equity. No sales of shares of our common stock were made under the 2021 ATM Program during the six months ended June 30, 2023. We used the net proceeds received from such sales for general corporate purposes. As of June 30, 2023, we had approximately $ 300.0 million of gross sales of our common stock available under the 2021 ATM Program and $ 87.4 million of gross sales of common stock available under the 2019 ATM Program. Share Repurchase Program On April 28, 2022, our Board of Directors authorized a share repurchase program whereby we may repurchase up to 4,538,994 shares of our common stock, or approximately 5 % of our outstanding shares as of the authorization date. We are not required to purchase shares under the share repurchase program, but may choose to do so in the open market or through privately negotiated transactions at times and amounts based on our evaluation of market conditions and other factors. No repurchases of shares of our common stock were made under the share repurchase program during the six months ended June 30, 2023. Contribution of Property for Common Units On January 25, 2023, the Operating Partnership issued 12,391 common units and fully settled a contingent earn-out liability in connection with our acquisition of FBI / DEA - El Paso on May 26, 2020. The issuance of the common units was effected in reliance upon an exemption from registration provided by Section 4(a)(2) under the Securities Act.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Earnings Per Share	10. Earnings Per Share Basic earnings or loss per share of common stock (“EPS”) is calculated by dividing net income attributable to common stockholders by the weighted average shares of common stock outstanding for the periods presented. Diluted EPS is computed after adjusting the basic EPS computation for the effect of dilutive common equivalent shares outstanding during the periods presented. Unvested restricted shares of common stock and unvested LTIP units are considered participating securities, which require the use of the two-class method for the computation of basic and diluted earnings per share. The following table sets forth the computation of our basic and diluted earnings per share of common stock for the three and six months ended June 30, 2023 and 2022 (amounts in thousands, except per share amounts): For the three months ended June 30, For the six months ended June 30, 2023 2022 2023 2022 Numerator Net income $ 5,778 $ 8,130 $ 10,192 $ 16,393 Less: Non-controlling interest in Operating Partnership ( 675 ) ( 933 ) ( 1,198 ) ( 1,855 ) Net income available to Easterly Government Properties, Inc. 5,103 7,197 8,994 14,538 Less: Dividends on participating securities ( 151 ) ( 137 ) ( 299 ) ( 272 ) Net income available to common stockholders $ 4,952 $ 7,060 $ 8,695 $ 14,266 Denominator for basic EPS 93,358,851 90,751,351 92,235,346 90,452,594 Dilutive effect of share-based compensation awards 16,689 13,666 20,448 25,683 Dilutive effect of LTIP units (1) 265,842 318,963 252,857 309,067 Dilutive effect of shares issuable under forward sale agreements (2) — — — 12,303 Denominator for diluted EPS 93,641,382 91,083,980 92,508,651 90,799,647 Basic EPS $ 0.05 $ 0.08 $ 0.09 $ 0.16 Diluted EPS $ 0.05 $ 0.08 $ 0.09 $ 0.16 (1) During both the three and six months ended June 30, 2023 , there were 314,844 unvested performance-based LTIP units that were not included in the computation of diluted EPS because to do so would have been antidilutive for the period. During both the three and six months ended June 30, 2022 , there were 338,569 unvested performance-based LTIP units that were not included in the computation of diluted EPS because to do so would have been antidilutive for the period. (2) During both the three and six months ended June 30, 2023 , there were 1,700,000 shares of underlying unsettled forward sales transactions that were not included in the computation of diluted EPS because to do so would have been antidilutive for the period. During the three and six months ended June 30, 2022 , there were 4,259,000 and 2,809,000 shares, respectively, of underlying unsettled forward sales transactions that were not included in the computation of diluted EPS because to do so would have been antidilutive for the period.

Leases

Leases	6 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Leases	11. Leases Lessor We lease commercial space to the U.S. Government through the GSA or other federal agencies or nongovernmental tenants. These leases may contain extension options that are predominately at the sole discretion of the tenant. Certain of our leases contain a “soft-term” period of the lease, meaning that the U.S. Government tenant agency has the right to terminate the lease prior to its stated lease end date. While certain of our leases are contractually subject to early termination, we do not believe that our tenant agencies are likely to terminate these leases early given the build-to-suit features at the properties subject to the leases, the weighted average age of these properties based on the date the property was built or renovated-to-suit, where applicable (approximately 19.1 years as of June 30, 2023), the mission-critical focus of the properties subject to the leases and the current level of operations at such properties. Certain lease agreements include variable lease payments that, in the future, will vary based on changes in inflationary measures, real estate tax rates, usage, or share of expenditures of the leased premises. The following table summarizes the maturity of fixed lease payments under our leases as of June 30, 2023 (amounts in thousands): Payments due by period Total 2023 (1) 2024 2025 2026 2027 Thereafter Fixed lease payments $ 2,047,912 108,413 208,581 199,864 193,031 181,497 1,156,526 (1) Represents the six months ending December 31, 2023 . The table below sets forth our composition of lease revenue recognized between fixed and variable components (amounts in thousands): For the three months ended June 30, For the six months ended June 30, 2023 2022 2023 2022 Fixed $ 62,969 $ 65,931 $ 125,893 $ 131,378 Variable 4,789 5,225 10,013 10,217 Rental income 67,758 71,156 135,906 141,595 Lessee We lease corporate office space under operating lease arrangements in Washington, D.C. and San Diego, CA. The leases include variable lease payments that, in the future, will vary based on changes in real estate tax rates, usage, or share of expenditures of the leased premises. We have elected not to separate lease and non-lease components for our corporate office leases. As of June 30, 2023 , the unamortized balances associated with our right-of-use operating lease asset and operating lease liability were both $ 3.3 million. We used our incremental borrowing rate, which was arrived at utilizing prevailing market rates and the spread on our revolving credit facility, in order to determine the net present value of the minimum lease payments. The following table provides quantitative information for our commenced operating leases (amounts in thousands): For the three months ended June 30, For the six months ended June 30, 2023 2022 2023 2022 Cash flows from operating lease costs $ 130 $ 102 $ 261 $ 204 In addition, the maturity of fixed lease payments under our commenced corporate office leases as of June 30, 2023 is summarized in the table below (amounts in thousands): Corporate office leases Payments due by period 2023 (1) 324 2024 768 2025 793 2026 661 2027 368 Thereafter 718 Total future minimum lease payments $ 3,632 Imputed interest ( 375 ) Total $ 3,257 (1) Represents the six months ending December 31, 2023 .

Revenue

Revenue	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Revenue	12. Revenue The table below sets forth revenue from tenant construction projects and the associated project management income disaggregated by tenant agency for the three and six months ended June 30, 2023 and 2022 (amounts in thousands): For the three months ended June 30, For the six months ended June 30, Tenant 2023 2022 2023 2022 Department of Veteran Affairs (“VA”) $ 1,699 $ 203 $ 2,632 $ 302 U.S. Joint Staff Command (“JSC”) 651 164 1,253 456 Federal Bureau of Investigation (“FBI”) 55 619 378 845 U.S. Coast Guard (“USCG”) 62 — 209 33 Department of Transportation (“DOT”) 16 — 136 — Immigration and Customs Enforcement (“ICE”) 40 — 111 — The Judiciary of the U.S. Government (“JUD”) 106 — 110 4 Federal Emergency Management Agency (“FEMA”) 70 — 89 — Customs and Border Protection (“CBP”) 3 35 82 155 U.S. Citizenship and Immigration Services (“USCIS”) 30 — 30 110 Bonneville Power Administration (“BPA”) 14 — 14 — National Archives and Records Administration (“NARA”) 13 — 13 — Food and Drug Administration (“FDA”) 2 — 11 204 Internal Revenue Service (“IRS”) 1 — 4 33 Department of Labor (“DOL”) 3 — 3 — General Services Administration - Other — 6 — 6 National Park Services (“NPS”) — 1 — 100 Drug Enforcement Agency (“DEA”) — 40 — 40 Occupational Safety and Health Administration (“OSHA”) — 22 — 68 Patent and Trademark Office (“PTO”) — 12 — 14 Health Resources and Services Administration (“HRSA”) — — — 4 $ 2,765 $ 1,102 $ 5,075 $ 2,374 As June 30, 2023 and December 31, 2022 , the balance in Accounts receivable related to tenant construction projects and the associated project management income was $ 8.2 million and $ 6.8 million, respectively. The duration of the majority of tenant construction project reimbursement arrangements is less than a year and payment is typically due once a project is complete and work has been accepted by the tenant. There were no projects on-going as of June 30, 2023 with a duration of greater than one year. During the three and six months ended June 30, 2023 , we recognized $ 0.1 million and $ 0.2 million, respectively, in parking garage income generated from the operations of parking garages situated on the Various GSA – Buffalo property and on the Various GSA – Portland property. During both the three and six months ended June 30, 2022 , we recognized $ 0.1 million in parking garage income generated from the operations of parking garages situated on the Various GSA – Buffalo property and on the Various GSA – Portland property. The monthly and transient daily parking revenue falls within the scope of Revenue from Contracts with Customers (“ASC 606”) and is accounted for at the point in time when control of the goods or services transfers to the customer and our performance obligation is satisfied. As of both June 30, 2023 and December 31, 2022 , the balance in Accounts receivable related to parking garage income was less than $ 0.1 million. During both the three and six months ended June 30, 2023 , we recognized less than $ 0.1 million in income for providing COVID-19 related cleaning services to certain tenants. During the three and six months ended June 30, 2022 , we recognized less than $ 0.1 million and $ 0.1 million, respectively, in income for providing COVID-19 related cleaning services to certain tenants. The income falls within the scope of ASC 606 and is recognized over time as the performance obligation is satisfied. The balance in Accounts receivable related to these services was less than $ 0.1 million as of both June 30, 2023 and December 31, 2022. There were no contract assets or liabilities as of June 30, 2023 or December 31, 2022 .

Concentrations Risk

Concentrations Risk	6 Months Ended
	Jun. 30, 2023
Risks and Uncertainties [Abstract]
Concentrations Risk	13. Concentrations Risk Concentrations of credit risk arise for us when multiple of our tenants are engaged in similar business activities, are located in the same geographic region or have similar economic features that impact in a similar manner their ability to meet contractual obligations, including obligations owed to us. We regularly monitor our tenant base to assess potential concentrations of credit risk. As stated in Note 1 above, we lease commercial space to the U.S. Government or non-governmental tenants. At June 30, 2023 , the U.S. Government accounted for approximately 98.5 % of our total annualized lease income and non-governmental tenants accounted for the remaining approximately 1.5 %. Seventeen of our 86 wholly-owned and unconsolidated operating properties are located in California, accounting for approximately 15.0 % of our total leased square feet and approximately 20.0 % of our total annualized lease income as of June 30, 2023 . To the extent that weak economic or real estate conditions or natural disasters affect California more severely than other areas of the country, our business, financial condition and results of operations could be significantly impacted.

Related Parties

Related Parties	6 Months Ended
	Jun. 30, 2023
Related Party Transactions [Abstract]
Related Parties	14. Related Parties We provide asset management services to properties owned by the JV. For the three and six months ended June 30, 2023, we recognized Asset management income of $ 0.5 million and $ 1.0 million, respectively. For the three and six months ended June 30, 2022, we recognized Asset management income of $ 0.3 million and $ 0.6 million, respectively.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2023
Subsequent Events [Abstract]
Subsequent Events	15. Subsequent Events For our consolidated financial statements as of June 30, 2023, we evaluated subsequent events and noted no significant events.

Real Estate and Intangibles (Ta

Real Estate and Intangibles (Tables)	6 Months Ended
	Jun. 30, 2023
Real Estate [Abstract]
Schedule of Real Estate and Intangibles	Real estate and intangibles consisted of the following as of June 30, 2023 (amounts in thousands): Total Real estate properties, net Land $ 213,592 Building and improvements 2,292,532 Acquired tenant improvements 81,666 Construction in progress 38,254 Accumulated depreciation ( 355,609 ) Total Real estate properties, net 2,270,435 Intangible assets, net In-place leases 271,066 Acquired leasing commissions 68,642 Above market leases 14,620 Payment in lieu of taxes 6,394 Accumulated amortization ( 214,885 ) Total Intangible assets, net 145,837 Intangible liabilities, net Below market leases ( 72,037 ) Accumulated amortization 57,616 Total Intangible liabilities, net ( 14,421 )
Summary of Scheduled Amortization Market Lease Intangibles	The following table summarizes the scheduled amortization of our acquired above- and below-market lease intangibles for each of the five succeeding years as of June 30, 2023 (amounts in thousands): Acquired Above-Market Lease Intangibles Acquired Below-Market Lease Intangibles 2023 (1) $ 586 $ ( 1,941 ) 2024 1,129 ( 2,938 ) 2025 1,097 ( 2,246 ) 2026 1,096 ( 2,008 ) 2027 1,096 ( 1,783 ) (1) Represents the six months ending December 31, 2023.

Investments in Unconsolidated_2

Investments in Unconsolidated Real Estate Venture (Tables)	6 Months Ended
	Jun. 30, 2023
Unconsolidated Real Estate Venture [Abstract]
Summary of Investments in JV	The following is a summary of our investment in the JV (dollars in thousands): As of June 30, Joint Venture Ownership Interest 2023 MedBase Venture 53.0 % $ 268,594
Summary of Financial Information for JV	The following is a summary of financial information for the JV (amounts in thousands): As of June 30, Balance sheet information: 2023 Real estate, net $ 425,696 Other assets, net (1) 90,734 Total assets $ 516,430 Total liabilities (2) $ 10,296 Total equity 506,134 Total liabilities and equity $ 516,430 Company’s share of equity $ 268,219 Basis differential (3) 375 Carrying value of the Company’s investment in the unconsolidated venture $ 268,594 (1) At June 30, 2023 , this amount included right-of-use assets - finance leases totaling approximately $ 4.9 million representing a ground lease at VA – Lubbock. (2) At June 30, 2023 , this amount included lease liabilities - finance leases totaling approximately $ 5.0 million representing a ground lease at VA – Lubbock. (3) This amount represents the aggregate difference between our historical cost basis and the basis reflected at the joint venture level. For the three months ended June 30, For the six months ended June 30, Income statement information: 2023 2022 2023 2022 Total revenue $ 10,076 $ 5,965 $ 19,856 $ 10,663 Operating income 2,716 1,597 5,403 2,828 Net income 2,675 1,556 5,321 2,746 Company’s share of net income $ 1,418 $ 825 $ 2,820 $ 1,456

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Summary of Borrowings	At June 30, 2023, our consolidated borrowings consisted of the following (amounts in thousands): Principal Outstanding Interest Current Loan June 30, 2023 Rate (1) Maturity Revolving credit facility: Revolving credit facility (2) $ 53,000 S + 135 bps (3) July 2025 (4) Total revolving credit facility 53,000 Term loan facilities: 2016 term loan facility 100,000 2.72 % (6) March 2024 2018 term loan facility (5) 150,000 5.42 % (7) July 2026 Total term loan facilities 250,000 Less: Total unamortized deferred financing fees ( 821 ) Total term loan facilities, net 249,179 Notes payable: 2017 series A senior notes 95,000 4.05 % May 2027 2017 series B senior notes 50,000 4.15 % May 2029 2017 series C senior notes 30,000 4.30 % May 2032 2019 series A senior notes 85,000 3.73 % September 2029 2019 series B senior notes 100,000 3.83 % September 2031 2019 series C senior notes 90,000 3.98 % September 2034 2021 series A senior notes 50,000 2.62 % October 2028 2021 series B senior notes 200,000 2.89 % October 2030 Total notes payable 700,000 Less: Total unamortized deferred financing fees ( 3,710 ) Total notes payable, net 696,290 Mortgage notes payable: VA – Golden 8,546 5.00 % (8) April 2024 USFS II – Albuquerque 12,541 4.46 % (8) July 2026 ICE – Charleston 12,727 4.21 % (8) January 2027 VA – Loma Linda 127,500 3.59 % (8) July 2027 CBP – Savannah 9,972 3.40 % (8) July 2033 USCIS – Kansas City 51,500 3.68 % (8) August 2024 Total mortgage notes payable 222,786 Less: Total unamortized deferred financing fees ( 1,172 ) Less: Total unamortized premium/discount 1,097 Total mortgage notes payable, net 222,711 Total debt $ 1,221,180 (1) At June 30, 2023, the USD SOFR with a five day lookback (“S”) was 5.06 %. The current interest rate is not adjusted to include the amortization of deferred financing fees or debt issuance costs incurred in obtaining debt or any unamortized fair market value premiums. The spread over the applicable rate for each of our $ 450.0 million senior unsecured revolving credit facility (our “revolving credit facility”), our $ 200.0 million senior unsecured term loan facility (as amended, our “2018 term loan facility”) and our $ 100.0 million senior unsecured term loan facility (our “2016 term loan facility”) is based on our consolidated leverage ratio, as set forth in the respective loan agreements. (2) Our revolving credit facility had available capacity of $ 396.9 million at June 30, 2023 with an accordion feature that permits us to request additional lender commitments for up to $ 250.0 million of additional capacity, subject to the satisfaction of customary terms and conditions. (3) Entered into one interest rate swap with an effective date of June 23, 2023 with a notional value of $ 100.0 million, of which $ 50.0 million is associated with our revolving credit facility, to effectively fix the interest rate at 5.36 % annually, based on our consolidated leverage ratio, as defined in our revolving credit facility agreement. (4) Our revolving credit facility has two six-month as-of-right extension options subject to certain conditions and the payment of an extension fee . (5) Our 2018 term loan facility has undrawn capacity up to $ 50.0 million of which is available during a delayed draw period. (6) Entered into two interest rate swaps with an effective date of March 29, 2017 with an aggregate notional value of $ 100.0 million to effectively fix the interest rate at 2.72 % annually, based on our consolidated leverage ratio, as defined in our 2016 term loan facility agreement. We transitioned the two interest rate swaps from LIBOR to SOFR effective November 29, 2022. (7) Entered into two interest rate swaps with an effective date of June 23, 2023 with an aggregate notional value of $ 200.0 million, of which $ 150.0 million is associated with our 2018 term loan facility, to effectively fix the interest rate at 5.42 % annually, based on our consolidated leverage ratio, as defined in our 2018 term loan facility agreement. (8) Effective interest rates are as follows: VA – Golden 5.03 %, USFS II – Albuquerque 3.92 %, ICE – Charleston 3.93 %, VA – Loma Linda 3.78 %, CBP – Savannah 4.12 %, USCIS – Kansas City 2.05 %.

Derivatives and Hedging Activ_2

Derivatives and Hedging Activities (Tables)	6 Months Ended
	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Key Terms and Fair Values of Our Interest Rate Swap Derivatives	The following table sets forth the key terms and fair values of our interest rate swap derivatives, each of which was designated as a cash flow hedge as of June 30, 2023 (amounts in thousands): Notional Amount Fixed Rate Floating Rate Index Effective Date Expiration Date Fair Value $ 37,000 1.36 % One Month USD-SOFR CME Term November 29, 2022 September 29, 2023 $ 355 $ 63,000 1.38 % One Month USD-SOFR CME Term November 29, 2022 September 29, 2023 $ 601 $ 100,000 4.01 % USD-SOFR with -5 Day Lookback June 23, 2023 March 23, 2025 $ 1,418 $ 100,000 4.18 % USD-SOFR with -5 Day Lookback June 23, 2023 December 23, 2024 $ 1,176 $ 100,000 3.70 % USD-SOFR with -5 Day Lookback September 29, 2023 June 29, 2025 $ 1,564
Schedule of Fair Value of Our Interest Rate Derivatives as Well as Their Classification on Our Consolidated Balance Sheets	The table below sets forth the fair value of our interest rate derivatives as well as their classification on our Consolidated Balance Sheet (amounts in thousands): Balance Sheet Line Item As of June 30, 2023 Interest rate swaps - Asset $ 5,114
Schedule Of Effects of Our Interest Rate Derivatives on our Consolidated Statements of Operations and Comprehensive Income	The table below presents the effects of our interest rate derivatives on our Consolidated Statements of Operations and Comprehensive Income (amounts in thousands): For the three months ended June 30, For the six months ended June 30, 2023 2022 2023 2022 Unrealized gain recognized in AOCI $ 4,842 $ 2,005 $ 4,336 $ 6,244 Gain (loss) reclassified from AOCI into interest expense 1,735 ( 898 ) 3,242 ( 2,166 )

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Schedule of Assets Measured at Fair Value on Recurring Basis	The carrying values of cash and cash equivalents, restricted cash, accounts receivable, other assets and accounts payable and accrued expenses are reasonable estimates of fair values because of the short maturities of these instruments. The table below presents our assets measured at fair value on a recurring basis as of June 30, 2023, aggregated by the level in the fair value hierarchy within which those measurements fall (amounts in thousands): As of June 30, 2023 Balance Sheet Line Item Level 1 Level 2 Level 3 Interest rate swaps - Asset $ — $ 5,114 $ —
Schedule of Fair Value Financial Assets And Liabilities Not measured At Fair Value	As of June 30, 2023, all financial instruments and liabilities were reflected in our balance sheets at amounts which, in our estimation, reasonably approximated their fair values, except for the following: As of June 30, 2023 Financial liabilities Carrying Amount (1) Fair Value (2) Revolving credit facility $ 53,000 $ 53,000 2016 term loan facility $ 100,000 $ 100,000 2018 term loan facility $ 150,000 $ 150,000 Notes payable $ 700,000 $ 591,010 Mortgages payable $ 222,786 $ 206,596 (1) The carrying amount consists of principal only. (2) We deem the fair value measurement of the financial liability instrument a Level 3 measurement.

Equity Incentive Pan (Tables)

Equity Incentive Pan (Tables)	6 Months Ended
	Jun. 30, 2023
Summary of Restricted Shares	A summary of the status of our restricted shares as of June 30, 2023 and changes during the six months ended June 30, 2023 is presented below: Restricted Shares Restricted Shares Weighted Average Grant Date Outstanding, December 31, 2022 41,315 $ 19.94 Vested ( 24,347 ) 18.57 Granted 32,486 14.18 Forfeited — — Outstanding, June 30, 2023 49,454 $ 16.83
Long Term Incentive Plan
Summary of Restricted Shares	A summary of the status of our LTIP units as of June 30, 2023 and changes during the six months ended June 30, 2023 are presented below: LTIP Units (1) LTIP Units Weighted Average Grant Date Fair Value Per Share Outstanding, December 31, 2022 896,665 $ 19.90 Vested ( 204,570 ) 21.50 Granted 515,465 12.25 Forfeited ( 85,352 ) 18.30 Outstanding, June 30, 2023 1,122,208 $ 16.21 (1) Reflects the number of LTIP units issued to the grantee on the date which may be different from the number of LTIP units actually earned in the case of performance-based LTIP units.
Summary of Grants	The following is a summary of our granted LTIP unit awards during the six months ended June 30, 2023: Award Grant Performance Period Vest Date Units Granted Service January 3, 2023 — December 31, 2025 219,859 Operational January 3, 2023 December 31, 2025 1 127,291 Performance January 3, 2023 December 31, 2025 1 148,633 Service March 2, 2023 — March 2, 2026 3,438 Service May 9, 2023 — 2 16,244 2023 LTIP Grant 515,465 (1) Earned units will vest on the date of compensation committee determination of performance. (2) Units will vest on the earlier of the anniversary of the grant date or the 2024 stockholder meeting.
Summary of Significant Assumptions Used to Value the Total Shareholder	The following is a summary of the significant assumptions used to value the total shareholder return for performance-based LTIP units during the six months ended June 30, 2023: Expected volatility 29.0 % Dividend yield 5.6 % Risk-free interest rate 4.2 % Expected life 3 years

Equity (Tables)

Equity (Tables)	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
Summary of Changes In Stockholders' Equity	The following table summarizes the changes in our stockholders’ equity for the three months ended June 30, 2023 and 2022 (amounts in thousands, except share amounts): Shares Common Additional Retained Cumulative Accumulated Non- Total Three months ended June 30, 2023 Balance at March 31, 2023 93,389,906 $ 934 $ 1,672,467 $ 97,388 $ ( 500,051 ) $ 1,773 $ 167,528 $ 1,440,039 Stock based compensation — — 148 — — — 1,151 1,299 Dividends and distributions paid 0.265 per share) — — — — ( 24,755 ) — ( 3,401 ) ( 28,156 ) Grant of unvested restricted stock 25,800 — — — — — — — Unrealized gain on interest rate swaps — — — — — 2,745 362 3,107 Net income — — — 5,103 — — 675 5,778 Allocation of non-controlling interest — — 784 — — — ( 784 ) — Balance at June 30, 2023 93,415,706 $ 934 $ 1,673,399 $ 102,491 $ ( 524,806 ) $ 4,518 $ 165,531 $ 1,422,067 Three months ended June 30, 2022 Balance at March 31, 2022 90,779,897 $ 908 $ 1,614,798 $ 69,364 $ ( 403,788 ) $ ( 172 ) $ 158,235 $ 1,439,345 Stock based compensation — — 169 — — — 1,468 1,637 Dividends and distributions paid 0.265 per share) — — — — ( 24,063 ) — ( 3,318 ) ( 27,381 ) Grant of unvested restricted stock 21,725 — — — — — — — Redemption of common units for 15,000 — 211 — — — ( 211 ) — Contribution of property for — — — — — — 17,361 17,361 Unrealized gain on interest rate — — — — — 2,565 338 2,903 Net income — — — 7,197 — — 933 8,130 Allocation of non-controlling interest — — 6,110 — — — ( 6,110 ) — Balance at June 30, 2022 90,816,622 $ 908 $ 1,621,288 $ 76,561 $ ( 427,851 ) $ 2,393 $ 168,696 $ 1,441,995 The following table summarizes the changes in our stockholders’ equity for the six months ended June 30, 2023 and 2022 (amounts in thousands, except share amounts): Shares Common Additional Retained Cumulative Accumulated Non- Total Six months ended June 30, 2023 Balance at December 31, 2022 90,814,021 $ 908 $ 1,622,913 $ 93,497 $ ( 475,983 ) $ 3,546 $ 166,101 $ 1,410,982 Stock based compensation — — 293 — — — 2,674 2,967 Dividends and distributions paid 0.530 per share) — — — — ( 48,823 ) — ( 6,796 ) ( 55,619 ) Grant of unvested restricted stock 32,486 — — — — — — — Redemption of common units for 10,199 — 140 — — — ( 140 ) — Issuance of common stock, net 2,559,000 26 52,206 — — — — 52,232 Contribution of property for — — — — — — 219 219 Unrealized gain on interest rate swaps — — — — — 972 122 1,094 Net income — — — 8,994 — — 1,198 10,192 Allocation of non-controlling interest — — ( 2,153 ) — — — 2,153 — Balance at June 30, 2023 93,415,706 $ 934 $ 1,673,399 $ 102,491 $ ( 524,806 ) $ 4,518 $ 165,531 $ 1,422,067 Six months ended June 30, 2022 Balance at December 31, 2021 90,147,868 $ 901 $ 1,604,712 $ 62,023 $ ( 379,895 ) $ ( 5,072 ) $ 158,912 $ 1,441,581 Stock based compensation — — 352 — — — 2,914 3,266 Dividends and distributions paid 0.530 per share) — — — — ( 47,956 ) — ( 6,459 ) ( 54,415 ) Grant of unvested restricted stock 29,078 — — — — — — — Redemption of common units for 204,751 2 2,909 — — — ( 2,911 ) — Issuance of common stock, net 434,925 5 9,394 — — — — 9,399 Contribution of property for — — — — — — 17,361 17,361 Unrealized gain on interest rate — — — — — 7,465 945 8,410 Net income — — — 14,538 — — 1,855 16,393 Allocation of non-controlling interest — — 3,921 — — — ( 3,921 ) — Balance at June 30, 2022 90,816,622 $ 908 $ 1,621,288 $ 76,561 $ ( 427,851 ) $ 2,393 $ 168,696 $ 1,441,995
Summary of Dividends Declared	A summary of dividends declared by our board of directors per share of common stock and per common unit at the date of record is as follows: Quarter Declaration Date Record Date Payment Date Dividend (1) Q1 2023 April 26, 2023 May 11, 2023 May 23, 2023 $ 0.265 Q2 2023 August 2, 2023 August 17, 2023 August 29, 2023 $ 0.265 (1) Prior to the end of the performance period as set forth in the applicable LTIP unit award, holders of performance-based LTIP units are entitled to receive dividends per LTIP unit equal to 10 % of the dividend paid per common unit. After the end of the performance period, the number of LTIP units, both vested and unvested, that LTIP award recipients have earned, if any, are entitled to receive dividends in an amount per LTIP unit equal to dividends, both regular and special, payable per common unit. Holders of LTIP units that are not subject to the attainment of performance goals are entitled to receive dividends per LTIP unit equal to 100 % of the dividend paid per common unit beginning on the grant date.
Schedule of Information with Respect to ATM Program	The following table sets forth certain information with respect to issuances under the 2019 ATM Program during the six months ended June 30, 2023 (amounts in thousands except share amounts): 2019 ATM Program For the three months ended Number of Shares Issued (1) Net Proceeds (1) March 31, 2023 250,000 $ 5,562 June 30, 2023 — — Total 250,000 $ 5,562 (1) Shares were all issued in settlement of forward sales transactions. Additionally, as of June 30, 2023 , we had entered into forward sales transactions under the 2019 ATM Program for the sale of an additional 1,700,000 shares of our common stock that have not yet been settled. Subject to our right to elect net share settlement, we expect to physically settle the forward sales transactions by the maturity dates set forth in each applicable forward sale transaction placement notice, which dates range from August 2023 to July 2024. Assuming the forward sales transactions are physically settled in full utilizing a net weighted average initial forward sales price of $ 21.61 per share, we expect to receive net proceeds of approximately $ 36.7 million, after deducting offering costs, subject to adjustments in accordance with the applicable forward sale transaction. We accounted for the forward sale transactions as equity.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Summary of Basic and Diluted Earnings Per Common Share	The following table sets forth the computation of our basic and diluted earnings per share of common stock for the three and six months ended June 30, 2023 and 2022 (amounts in thousands, except per share amounts): For the three months ended June 30, For the six months ended June 30, 2023 2022 2023 2022 Numerator Net income $ 5,778 $ 8,130 $ 10,192 $ 16,393 Less: Non-controlling interest in Operating Partnership ( 675 ) ( 933 ) ( 1,198 ) ( 1,855 ) Net income available to Easterly Government Properties, Inc. 5,103 7,197 8,994 14,538 Less: Dividends on participating securities ( 151 ) ( 137 ) ( 299 ) ( 272 ) Net income available to common stockholders $ 4,952 $ 7,060 $ 8,695 $ 14,266 Denominator for basic EPS 93,358,851 90,751,351 92,235,346 90,452,594 Dilutive effect of share-based compensation awards 16,689 13,666 20,448 25,683 Dilutive effect of LTIP units (1) 265,842 318,963 252,857 309,067 Dilutive effect of shares issuable under forward sale agreements (2) — — — 12,303 Denominator for diluted EPS 93,641,382 91,083,980 92,508,651 90,799,647 Basic EPS $ 0.05 $ 0.08 $ 0.09 $ 0.16 Diluted EPS $ 0.05 $ 0.08 $ 0.09 $ 0.16 (1) During both the three and six months ended June 30, 2023 , there were 314,844 unvested performance-based LTIP units that were not included in the computation of diluted EPS because to do so would have been antidilutive for the period. During both the three and six months ended June 30, 2022 , there were 338,569 unvested performance-based LTIP units that were not included in the computation of diluted EPS because to do so would have been antidilutive for the period. (2) During both the three and six months ended June 30, 2023 , there were 1,700,000 shares of underlying unsettled forward sales transactions that were not included in the computation of diluted EPS because to do so would have been antidilutive for the period. During the three and six months ended June 30, 2022 , there were 4,259,000 and 2,809,000 shares, respectively, of underlying unsettled forward sales transactions that were not included in the computation of diluted EPS because to do so would have been antidilutive for the period.

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Summary of Maturity of Fixed Lease Payments Under Company's Leases	The following table summarizes the maturity of fixed lease payments under our leases as of June 30, 2023 (amounts in thousands): Payments due by period Total 2023 (1) 2024 2025 2026 2027 Thereafter Fixed lease payments $ 2,047,912 108,413 208,581 199,864 193,031 181,497 1,156,526 (1) Represents the six months ending December 31, 2023 .
Summary of Composition of Lease Revenue Recognized Between Fixed and Variable Components	The table below sets forth our composition of lease revenue recognized between fixed and variable components (amounts in thousands): For the three months ended June 30, For the six months ended June 30, 2023 2022 2023 2022 Fixed $ 62,969 $ 65,931 $ 125,893 $ 131,378 Variable 4,789 5,225 10,013 10,217 Rental income 67,758 71,156 135,906 141,595
Schedule of Quantitative Information for Company's Operating Leases	The following table provides quantitative information for our commenced operating leases (amounts in thousands): For the three months ended June 30, For the six months ended June 30, 2023 2022 2023 2022 Cash flows from operating lease costs $ 130 $ 102 $ 261 $ 204
Schedule of Maturity of Fixed Lease Payments Under Company's Corporate Office Leases	In addition, the maturity of fixed lease payments under our commenced corporate office leases as of June 30, 2023 is summarized in the table below (amounts in thousands): Corporate office leases Payments due by period 2023 (1) 324 2024 768 2025 793 2026 661 2027 368 Thereafter 718 Total future minimum lease payments $ 3,632 Imputed interest ( 375 ) Total $ 3,257 (1) Represents the six months ending December 31, 2023 .

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Summary of Revenue from Tenant Construction Projects Disaggregated by Tenant Agency	The table below sets forth revenue from tenant construction projects and the associated project management income disaggregated by tenant agency for the three and six months ended June 30, 2023 and 2022 (amounts in thousands): For the three months ended June 30, For the six months ended June 30, Tenant 2023 2022 2023 2022 Department of Veteran Affairs (“VA”) $ 1,699 $ 203 $ 2,632 $ 302 U.S. Joint Staff Command (“JSC”) 651 164 1,253 456 Federal Bureau of Investigation (“FBI”) 55 619 378 845 U.S. Coast Guard (“USCG”) 62 — 209 33 Department of Transportation (“DOT”) 16 — 136 — Immigration and Customs Enforcement (“ICE”) 40 — 111 — The Judiciary of the U.S. Government (“JUD”) 106 — 110 4 Federal Emergency Management Agency (“FEMA”) 70 — 89 — Customs and Border Protection (“CBP”) 3 35 82 155 U.S. Citizenship and Immigration Services (“USCIS”) 30 — 30 110 Bonneville Power Administration (“BPA”) 14 — 14 — National Archives and Records Administration (“NARA”) 13 — 13 — Food and Drug Administration (“FDA”) 2 — 11 204 Internal Revenue Service (“IRS”) 1 — 4 33 Department of Labor (“DOL”) 3 — 3 — General Services Administration - Other — 6 — 6 National Park Services (“NPS”) — 1 — 100 Drug Enforcement Agency (“DEA”) — 40 — 40 Occupational Safety and Health Administration (“OSHA”) — 22 — 68 Patent and Trademark Office (“PTO”) — 12 — 14 Health Resources and Services Administration (“HRSA”) — — — 4 $ 2,765 $ 1,102 $ 5,075 $ 2,374

Organization and Basis of Pre_2

Organization and Basis of Presentation - Additional Information (Detail) ft² in Millions	6 Months Ended
	Jun. 30, 2023 ft² Property
Easterly Government Properties LP [Member]
Organization And Significant Accounting Policies [Line Items]
Outstanding common units of aggregate limited partnership interest owned percentage	88.40%
Joint Venture [Member]
Organization And Significant Accounting Policies [Line Items]
Number of properties	8
Wholly Owned Operating Properties [Member]
Organization And Significant Accounting Policies [Line Items]
Number of properties	78
Leased percentage of operating properties	98%
Aggregate area of land | ft²	8.6
Wholly Owned Operating Properties [Member] | Government [Member]
Organization And Significant Accounting Policies [Line Items]
Number of properties	85
Wholly Owned Operating Properties [Member] | Private Tenants [Member]
Organization And Significant Accounting Policies [Line Items]
Number of properties	1
Wholly Owned Properties Under Development [Member]
Organization And Significant Accounting Policies [Line Items]
Number of properties	1
Aggregate area of land | ft²	0.2

Real Estate and Intangibles - A

Real Estate and Intangibles - Additional Information (Detail) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023 USD ($) Property	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($) Property	Jun. 30, 2022 USD ($)
Real Estate Properties [Line Items]
Acquisition-related expenses | $	$ 444	$ 302	$ 905	$ 664
Operating Properties Acquired [Member]
Real Estate Properties [Line Items]
Number of properties | Property	0		0

Real Estate and Intangibles - S

Real Estate and Intangibles - Schedule of Real Estate and Intangibles (Detail) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Real estate properties, net
Land	$ 213,592
Building and improvements	2,292,532
Acquired tenant improvements	81,666
Construction in progress	38,254
Accumulated depreciation	(355,609)
Total Real estate properties, net	2,270,435	$ 2,285,308
Intangible assets, net
Accumulated amortization	(214,885)
Total Intangible assets, net	145,837
Intangible liabilities, net
Intangible Liabilities, Below market leases	(72,037)
Intangible Liabilities, Accumulated amortization	57,616
Total Intangible liabilities, net	(14,421)
Leases, Acquired-in-Place
Intangible assets, net
Above market leases	271,066
Acquired Leasing Commissions
Intangible assets, net
Above market leases	68,642
Above Market Leases [Member]
Intangible assets, net
Above market leases	14,620
Payment in Lieu of Taxes [Member]
Intangible assets, net
Above market leases	$ 6,394

Real Estate and Intangibles -_2

Real Estate and Intangibles - Summary of Scheduled Amortization Market Lease Intangibles (Detail) $ in Thousands	Jun. 30, 2023 USD ($)
Acquired Above-Market Lease Intangibles
2023	$ 586	[1]
2024	1,129
2025	1,097
2026	1,096
2027	1,096
Acquired Below-Market Lease Intangibles
2023	(1,941)	[1]
2024	(2,938)
2025	(2,246)
2026	(2,008)
2027	$ (1,783)
[1] Represents the six months ending December 31, 2023.

Investments in Unconsolidated_3

Investments in Unconsolidated Real Estate Venture - Summary of Investments in JV (Detail) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
Investment in unconsolidated real estate venture	$ 268,594	$ 271,644
JV [Member]
Related Party Transaction [Line Items]
Investment in unconsolidated real estate venture	$ 268,219
MedBase Venture [Member] | JV [Member]
Related Party Transaction [Line Items]
Effective Ownership Interest	53%
Investment in unconsolidated real estate venture	$ 268,594

Investments in Unconsolidated_4

Investments in Unconsolidated Real Estate Venture - Additional Information (Details) - JV [Member] $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023 USD ($) Property	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($) Property	Jun. 30, 2022 USD ($)	Oct. 13, 2021 ft² Property
Unconsolidated Real Estate Venture [Line Items]
Number of properties	0		0
Asset management service revenue | $	$ 0.5	$ 0.3	$ 1	$ 0.6
VA Portfolio [Member]
Unconsolidated Real Estate Venture [Line Items]
Number of properties	8		8		10
Area of properties acquired | ft²					1,214,165
Global Investor [Member]
Unconsolidated Real Estate Venture [Line Items]
Effective Ownership Interest					53%

Investments in Unconsolidated_5

Investments in Unconsolidated Real Estate Venture - Summary of Financial Information (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Balance sheet information:
Total assets		$ 2,807,963		$ 2,807,963		$ 2,829,385
Total liabilities (2)		1,385,896		1,385,896		1,418,403
Total equity		1,256,536		1,256,536		1,244,881
Total liabilities and equity		2,807,963		2,807,963		2,829,385
Investment in unconsolidated real estate venture		268,594		268,594		$ 271,644
Income statement information:
Revenues		71,373	$ 72,757	142,593	$ 145,059
Net Income (Loss)		5,103	7,197	8,994	14,538
JV [Member]
Balance sheet information:
Real estate, net		425,696		425,696
Other assets, net	[1]	90,734		90,734
Total assets		516,430		516,430
Total liabilities (2)	[2]	10,296		10,296
Total equity		506,134		506,134
Total liabilities and equity		516,430		516,430
Investment in unconsolidated real estate venture		268,219		268,219
Basis differential (3)	[3]	375		375
Carrying value of the Company’s investment in the unconsolidated venture		268,594		268,594
Income statement information:
Revenues		10,076	5,965	19,856	10,663
Operating income		2,716	1,597	5,403	2,828
Net Income (Loss)		2,675	1,556	5,321	2,746
Company’s share of net income		$ 1,418	$ 825	$ 2,820	$ 1,456
[1] At June 30, 2023 , this amount included right-of-use assets - finance leases totaling approximately $ 4.9 million representing a ground lease at VA – Lubbock. At June 30, 2023 , this amount included lease liabilities - finance leases totaling approximately $ 5.0 million representing a ground lease at VA – Lubbock. This amount represents the aggregate difference between our historical cost basis and the basis reflected at the joint venture level.

Investments in Unconsolidated_6

Investments in Unconsolidated Real Estate Venture - Summary of Financial Information (Parenthetical) (Details) - JV [Member] $ in Millions	Jun. 30, 2023 USD ($)
Related Party Transaction [Line Items]
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Prepaid expenses and other assets
Finance lease, right-of-use asset	$ 4.9
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Accounts payable, accrued expenses and other liabilities
Finance lease, liability	$ 5

Debt - Summary of Borrowings (D

Debt - Summary of Borrowings (Detail) - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Total revolving credit facility, Principal Outstanding		$ 53,000	$ 65,500
Total term loan facilities, net, Principal Outstanding		249,179	248,972
Total notes payable, net, Principal Outstanding		696,290	696,052
Total mortgage notes payable, net, Principal Outstanding		222,711	$ 240,847
Total debt, Principal Outstanding		1,221,180
Notes Payable [Member]
Debt Instrument [Line Items]
Loan, Principal Outstanding		700,000
Less: Total unamortized deferred financing fees		(821)
Mortgage Notes Payable [Member]
Debt Instrument [Line Items]
Loan, Principal Outstanding		222,786
Less: Total unamortized deferred financing fees		(1,172)
Less: Total unamortized premium/discount		1,097
Mortgage Notes Payable [Member] | VA Golden [Member]
Debt Instrument [Line Items]
Loan, Principal Outstanding		$ 8,546
Loan, Interest Rate	[1],[2]	5%
Loan, Current Maturity		2024-04
Mortgage Notes Payable [Member] | USFS II Albuquerque [Member]
Debt Instrument [Line Items]
Loan, Principal Outstanding		$ 12,541
Loan, Interest Rate	[1],[2]	4.46%
Loan, Current Maturity		2026-07
Mortgage Notes Payable [Member] | ICE Charleston [Member]
Debt Instrument [Line Items]
Loan, Principal Outstanding		$ 12,727
Loan, Interest Rate	[1],[2]	4.21%
Loan, Current Maturity		2027-01
Mortgage Notes Payable [Member] | VA Loma Linda [Member]
Debt Instrument [Line Items]
Loan, Principal Outstanding		$ 127,500
Loan, Interest Rate	[1],[2]	3.59%
Loan, Current Maturity		2027-07
Mortgage Notes Payable [Member] | CBP Savannah [Member]
Debt Instrument [Line Items]
Loan, Principal Outstanding		$ 9,972
Loan, Interest Rate	[1],[2]	3.40%
Loan, Current Maturity		2033-07
Mortgage Notes Payable [Member] | USCIS - Kansas City [Member]
Debt Instrument [Line Items]
Loan, Principal Outstanding		$ 51,500
Loan, Interest Rate	[1],[2]	3.68%
Loan, Current Maturity		2024-08
2016 Term Loan Facility [Member]
Debt Instrument [Line Items]
Loan, Principal Outstanding		$ 100,000
Loan, Interest Rate	[1],[3]	2.72%
Loan, Current Maturity		2024-03
2018 Term Loan Facility [Member]
Debt Instrument [Line Items]
Loan, Principal Outstanding	[4]	$ 150,000
Loan, Interest Rate	[1],[4],[5]	5.42%
Loan, Current Maturity	[4]	2026-07
Term Loan Facility [Member]
Debt Instrument [Line Items]
Loan, Principal Outstanding		$ 250,000
Less: Total unamortized deferred financing fees		(3,710)
Total term loan facilities, net, Principal Outstanding		$ 249,179
2017 series A senior notes [Member]
Debt Instrument [Line Items]
Loan, Interest Rate	[1]	4.05%
Loan, Current Maturity		2027-05
2017 series A senior notes [Member] | Senior Unsecured Notes Payable
Debt Instrument [Line Items]
Loan, Principal Outstanding		$ 95,000
2017 series B senior notes [Member]
Debt Instrument [Line Items]
Loan, Interest Rate	[1]	4.15%
Loan, Current Maturity		2029-05
2017 series B senior notes [Member] | Senior Unsecured Notes Payable
Debt Instrument [Line Items]
Loan, Principal Outstanding		$ 50,000
2017 series C senior notes [Member]
Debt Instrument [Line Items]
Loan, Interest Rate	[1]	4.30%
Loan, Current Maturity		2032-05
2017 series C senior notes [Member] | Senior Unsecured Notes Payable
Debt Instrument [Line Items]
Loan, Principal Outstanding		$ 30,000
2019 series A senior notes [Member]
Debt Instrument [Line Items]
Loan, Interest Rate	[1]	3.73%
Loan, Current Maturity		2029-09
2019 series A senior notes [Member] | Senior Unsecured Notes Payable
Debt Instrument [Line Items]
Loan, Principal Outstanding		$ 85,000
2019 series B senior notes [Member]
Debt Instrument [Line Items]
Loan, Interest Rate	[1]	3.83%
Loan, Current Maturity		2031-09
2019 series B senior notes [Member] | Senior Unsecured Notes Payable
Debt Instrument [Line Items]
Loan, Principal Outstanding		$ 100,000
2019 series C senior notes [Member]
Debt Instrument [Line Items]
Loan, Interest Rate	[1]	3.98%
Loan, Current Maturity		2034-09
2019 series C senior notes [Member] | Senior Unsecured Notes Payable
Debt Instrument [Line Items]
Loan, Principal Outstanding		$ 90,000
2021 Series A Senior Notes [Member]
Debt Instrument [Line Items]
Loan, Interest Rate	[1]	2.62%
Loan, Current Maturity		2028-10
2021 Series A Senior Notes [Member] | Senior Unsecured Notes Payable
Debt Instrument [Line Items]
Loan, Principal Outstanding		$ 50,000
2021 Series B Senior Notes [Member]
Debt Instrument [Line Items]
Loan, Interest Rate	[1]	2.89%
Loan, Current Maturity		2030-10
2021 Series B Senior Notes [Member] | Senior Unsecured Notes Payable
Debt Instrument [Line Items]
Loan, Principal Outstanding		$ 200,000
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Total revolving credit facility, Principal Outstanding	[6]	$ 53,000
Loan, Interest Rate	[1],[6],[7]	S + 135 bps
Loan, Current Maturity	[6],[8]	2025-07
[1] At June 30, 2023, the USD SOFR with a five day lookback (“S”) was 5.06 %. The current interest rate is not adjusted to include the amortization of deferred financing fees or debt issuance costs incurred in obtaining debt or any unamortized fair market value premiums. The spread over the applicable rate for each of our $ 450.0 million senior unsecured revolving credit facility (our “revolving credit facility”), our $ 200.0 million senior unsecured term loan facility (as amended, our “2018 term loan facility”) and our $ 100.0 million senior unsecured term loan facility (our “2016 term loan facility”) is based on our consolidated leverage ratio, as set forth in the respective loan agreements. Effective interest rates are as follows: VA – Golden 5.03 %, USFS II – Albuquerque 3.92 %, ICE – Charleston 3.93 %, VA – Loma Linda 3.78 %, CBP – Savannah 4.12 %, USCIS – Kansas City 2.05 %. Entered into two interest rate swaps with an effective date of March 29, 2017 with an aggregate notional value of $ 100.0 million to effectively fix the interest rate at 2.72 % annually, based on our consolidated leverage ratio, as defined in our 2016 term loan facility agreement. We transitioned the two interest rate swaps from LIBOR to SOFR effective November 29, 2022. Our 2018 term loan facility has undrawn capacity up to $ 50.0 million of which is available during a delayed draw period. Entered into two interest rate swaps with an effective date of June 23, 2023 with an aggregate notional value of $ 200.0 million, of which $ 150.0 million is associated with our 2018 term loan facility, to effectively fix the interest rate at 5.42 % annually, based on our consolidated leverage ratio, as defined in our 2018 term loan facility agreement. Our revolving credit facility had available capacity of $ 396.9 million at June 30, 2023 with an accordion feature that permits us to request additional lender commitments for up to $ 250.0 million of additional capacity, subject to the satisfaction of customary terms and conditions. Entered into one interest rate swap with an effective date of June 23, 2023 with a notional value of $ 100.0 million, of which $ 50.0 million is associated with our revolving credit facility, to effectively fix the interest rate at 5.36 % annually, based on our consolidated leverage ratio, as defined in our revolving credit facility agreement. Our revolving credit facility has two six-month as-of-right extension options subject to certain conditions and the payment of an extension fee .

Debt - Summary of Borrowings (P

Debt - Summary of Borrowings (Parenthetical) (Detail)				6 Months Ended
		May 30, 2023	Feb. 03, 2023 USD ($) Swap	Jun. 30, 2023 USD ($) Swap	Jun. 30, 2022 USD ($)	Jul. 20, 2023 USD ($)	Jun. 23, 2023 Swap
Debt Instrument [Line Items]
Loan, interest rate		0.10%
Mortgage note obligation				$ 17,812,000	$ 2,628,000
Interest Rate Swaps [Member]
Debt Instrument [Line Items]
Number of forward interest rate swaps | Swap			2
Forward swaps effective date			Jun. 30, 2023
Aggregate notional value of interest rate swaps			$ 200,000,000	200,000,000
Interest Rate Swaps [Member] | Subsequent Event [Member]
Debt Instrument [Line Items]
Amount available under revolving credit facility						$ 50,000,000
Aggregate notional value of interest rate swaps						100,000,000
2018 Term Loan Facility [Member]
Debt Instrument [Line Items]
Loan, Principal Outstanding	[1]			$ 150,000,000
2018 Term Loan Facility [Member] | Subsequent Event [Member]
Debt Instrument [Line Items]
Amount available under revolving credit facility						50,000,000
2018 Term Loan Facility [Member] | Interest Rate Swaps [Member]
Debt Instrument [Line Items]
Number of forward interest rate swaps | Swap							2
Forward swaps effective date				Jun. 23, 2023
Aggregate notional value of interest rate swaps				$ 150,000,000
Forward swaps interest rate				5.42%
2016 Term Loan Facility [Member]
Debt Instrument [Line Items]
Loan, Principal Outstanding				$ 100,000,000
2016 Term Loan Facility [Member] | Interest Rate Swaps [Member]
Debt Instrument [Line Items]
Number of forward interest rate swaps | Swap				2
Forward swaps effective date				Mar. 29, 2017
Aggregate notional value of interest rate swaps				$ 100,000,000
Forward swaps interest rate				2.72%
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Amount available under revolving credit facility				$ 396,900,000
Credit facility additional maximum borrowing capacity				$ 250,000,000
Line of Credit Facility, Description				revolving credit facility has two six-month as-of-right extension options subject to certain conditions and the payment of an extension fee
Revolving Credit Facility [Member] | Subsequent Event [Member]
Debt Instrument [Line Items]
Amount available under revolving credit facility						$ 50,000,000
Revolving Credit Facility [Member] | Interest Rate Swaps [Member]
Debt Instrument [Line Items]
Number of forward interest rate swaps | Swap				1
Forward swaps effective date				Jun. 23, 2023
Aggregate notional value of interest rate swaps				$ 100,000,000
Forward swaps interest rate				5.36%
Revolving Credit Facility [Member] | 2018 Term Loan Facility [Member]
Debt Instrument [Line Items]
Amount available under revolving credit facility				$ 50,000,000
Revolving Credit Facility [Member] | Interest Rate Swaps [Member]
Debt Instrument [Line Items]
Aggregate notional value of interest rate swaps				50,000,000
Senior Unsecured Notes | 2018 Term Loan Facility [Member]
Debt Instrument [Line Items]
Loan, Principal Outstanding				200,000,000
Senior Unsecured Notes | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Loan, Principal Outstanding				450,000,000
Senior Unsecured Credit Facility | 2016 Term Loan Facility [Member]
Debt Instrument [Line Items]
Loan, Principal Outstanding				100,000,000
Mortgage Notes Payable [Member]
Debt Instrument [Line Items]
Loan, Principal Outstanding				222,786,000
Mortgage Notes Payable [Member] | CBP Savannah [Member]
Debt Instrument [Line Items]
Loan, Principal Outstanding				$ 9,972,000
Effective interest rate				4.12%
Mortgage Notes Payable [Member] | ICE Charleston [Member]
Debt Instrument [Line Items]
Loan, Principal Outstanding				$ 12,727,000
Effective interest rate				3.93%
Mortgage Notes Payable [Member] | USFS II Albuquerque [Member]
Debt Instrument [Line Items]
Loan, Principal Outstanding				$ 12,541,000
Effective interest rate				3.92%
Mortgage Notes Payable [Member] | VA Loma Linda [Member]
Debt Instrument [Line Items]
Loan, Principal Outstanding				$ 127,500,000
Effective interest rate				3.78%
Mortgage Notes Payable [Member] | VA Golden [Member]
Debt Instrument [Line Items]
Loan, Principal Outstanding				$ 8,546,000
Effective interest rate				5.03%
Mortgage Notes Payable [Member] | USCIS - Kansas City [Member]
Debt Instrument [Line Items]
Loan, Principal Outstanding				$ 51,500,000
Effective interest rate				2.05%
SOFR [Member]
Debt Instrument [Line Items]
Loan, interest rate				5.06%
Number of forward interest rate swaps | Swap			3
Aggregate notional value of interest rate swaps			$ 100,000,000
[1] Our 2018 term loan facility has undrawn capacity up to $ 50.0 million of which is available during a delayed draw period.

Debt - Additional Information (

Debt - Additional Information (Detail)			6 Months Ended
	May 30, 2023	Feb. 03, 2023 USD ($) Swap	Jun. 30, 2023 USD ($) Swap	Jul. 20, 2023 USD ($)	Jun. 23, 2023 Swap	Jan. 26, 2023 USD ($)
Debt Instrument [Line Items]
Net carrying value of real estate collateralizing the mortgage			$ 330,000,000
Loan, interest rate	0.10%
Interest Rate Swaps [Member]
Debt Instrument [Line Items]
Number of forward interest rate swaps | Swap		2
Forward swaps effective date		Jun. 30, 2023
Aggregate notional value of interest rate swaps		$ 200,000,000	$ 200,000,000
Debt Instrument, Maturity Date, Description		The third swap, with a notional value of $100.0 million, will become effective when our existing swaps mature in September 2023. See Note 6 for more information on our interest rate swaps.
Interest Rate Swaps [Member] | Subsequent Event [Member]
Debt Instrument [Line Items]
Aggregate notional value of interest rate swaps				$ 100,000,000
Amount available under revolving credit facility				50,000,000
SOFR [Member]
Debt Instrument [Line Items]
Number of forward interest rate swaps | Swap		3
Aggregate notional value of interest rate swaps		$ 100,000,000
Loan, interest rate			5.06%
DEA Pleasanton [Member]
Debt Instrument [Line Items]
Cash						$ 15,700,000
2018 Term Loan Facility [Member] | Subsequent Event [Member]
Debt Instrument [Line Items]
Amount available under revolving credit facility				50,000,000
2018 Term Loan Facility [Member] | Interest Rate Swaps [Member]
Debt Instrument [Line Items]
Number of forward interest rate swaps | Swap					2
Forward swaps effective date			Jun. 23, 2023
Aggregate notional value of interest rate swaps			$ 150,000,000
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Amount available under revolving credit facility			$ 396,900,000
Revolving Credit Facility [Member] | Subsequent Event [Member]
Debt Instrument [Line Items]
Amount available under revolving credit facility				$ 50,000,000
Revolving Credit Facility [Member] | Interest Rate Swaps [Member]
Debt Instrument [Line Items]
Number of forward interest rate swaps | Swap			1
Forward swaps effective date			Jun. 23, 2023
Aggregate notional value of interest rate swaps			$ 100,000,000
Revolving Credit Facility [Member] | 2018 Term Loan Facility [Member]
Debt Instrument [Line Items]
Amount available under revolving credit facility			$ 50,000,000

Derivative and Hedging Activiti

Derivative and Hedging Activities - Schedule of Key Terms and Fair Values of Our Interest Rate Swap Derivatives (Detail)	6 Months Ended
	Jun. 30, 2023 USD ($)
Interest Swap Rate at 1.36% Fixed Rate [Member]
Derivative [Line Items]
Aggregate notional value of interest rate swaps	$ 37,000,000
Forward swaps interest rate	1.36%
Floating Rate Index	One Month USD-SOFR CME Term
Forward swaps effective date	Nov. 29, 2022
Expiration Date	Sep. 29, 2023
Fair Value	$ 355,000
Interest Swap Rate at 1.38% Fixed Rate [Member]
Derivative [Line Items]
Aggregate notional value of interest rate swaps	$ 63,000,000
Forward swaps interest rate	1.38%
Floating Rate Index	One Month USD-SOFR CME Term
Forward swaps effective date	Nov. 29, 2022
Expiration Date	Sep. 29, 2023
Fair Value	$ 601,000
Interest Swap Rate at 4.01% Fixed Rate [Member]
Derivative [Line Items]
Aggregate notional value of interest rate swaps	$ 100,000,000
Forward swaps interest rate	4.01%
Floating Rate Index	USD-SOFR with -5 Day Lookback
Forward swaps effective date	Jun. 23, 2023
Expiration Date	Mar. 23, 2025
Fair Value	$ 1,418,000
Interest Swap Rate at 4.18% Fixed Rate [Member]
Derivative [Line Items]
Aggregate notional value of interest rate swaps	$ 100,000,000
Forward swaps interest rate	4.18%
Floating Rate Index	USD-SOFR with -5 Day Lookback
Forward swaps effective date	Jun. 23, 2023
Expiration Date	Dec. 23, 2024
Fair Value	$ 1,176,000
Interest Swap Rate at 3.70% Fixed Rate [Member]
Derivative [Line Items]
Aggregate notional value of interest rate swaps	$ 100,000,000
Forward swaps interest rate	3.70%
Floating Rate Index	USD-SOFR with -5 Day Lookback
Forward swaps effective date	Sep. 29, 2023
Expiration Date	Jun. 29, 2025
Fair Value	$ 1,564,000

Derivative and Hedging Activi_2

Derivative and Hedging Activities - Schedule of Fair Value of Our Interest Rate Derivatives as Well as Their Classification on Our Consolidated Balance Sheets (Detail) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Interest rate swaps - Asset	$ 5,114	$ 4,020

Derivative and Hedging Activi_3

Derivative and Hedging Activities - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2023 USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Estimates reclassified from accumulated other comprehensive income (loss) decrease to interest expense over the next 12 months	$ 4,300,000
Credit risk related contingent features derivatives, net fair value of derivatives in liability position	$ 0

Derivative and Hedging Activi_4

Derivative and Hedging Activities - Schedule of Effects of Our Interest Rate Derivatives on Our Consolidated Statements of Operations and Comprehensive Income (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Unrealized gain (loss) recognized in AOCI	$ 4,842	$ 2,005	$ 4,336	$ 6,244
Gain (loss) reclassified from AOCI into interest expense	$ 1,735	$ (898)	$ 3,242	$ (2,166)

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Assets Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Interest rate swaps - Asset	$ 5,114	$ 4,020
Fair Value, Recurring | Level 2 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Interest rate swaps - Asset	$ 5,114

Fair Value Measurements - Sch_2

Fair Value Measurements - Schedule of Fair Value Financial Assets And Liabilities Not measured At Fair Value (Detail) $ in Thousands	Jun. 30, 2023 USD ($)
Revolving Credit Facility [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Financial liabilities, Carrying amount	$ 53,000	[1]
Financial liabilities, Fair value	53,000	[2]
2016 Term Loan Facility [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Financial liabilities, Carrying amount	100,000	[1]
Financial liabilities, Fair value	100,000	[2]
2018 Term Loan Facility [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Financial liabilities, Carrying amount	150,000	[1]
Financial liabilities, Fair value	150,000	[2]
Notes Payable [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Financial liabilities, Carrying amount	700,000	[1]
Financial liabilities, Fair value	591,010	[2]
Mortgages Payable [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Financial liabilities, Carrying amount	222,786	[1]
Financial liabilities, Fair value	$ 206,596	[2]
[1] The carrying amount consists of principal only. We deem the fair value measurement of the financial liability instrument a Level 3 measurement.

Equity Incentive Plan - Additio

Equity Incentive Plan - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Stockholders Equity Note Disclosure [Line Items]
Fair value of restricted stock,vested			$ 0.3
Restricted Stock
Stockholders Equity Note Disclosure [Line Items]
Compensation expense recognized	$ 0.2	$ 0.2	0.3	$ 0.4
Fair value of restricted stock,vested				1.5
Unamortized restricted stock expense	0.5		$ 0.5
Weighted average period			1 year 1 month 6 days
Long Term Incentive Plan
Stockholders Equity Note Disclosure [Line Items]
Compensation expense recognized	1.2	$ 1.5	$ 2.7	2.9
Fair value of restricted stock,vested			4	$ 5.5
Unamortized restricted stock expense	$ 9.9		$ 9.9
Weighted average period			1 year 10 months 24 days

Equity Incentive Plan - Summary

Equity Incentive Plan - Summary of Restricted Shares (Details)	6 Months Ended
	Jun. 30, 2023 $ / shares shares
Restricted Stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares/Units, Outstanding beginning balance | shares	41,315
Shares/Units, Vested | shares	(24,347)
Shares/Units, Granted | shares	32,486
Shares/Units, Outstanding ending balance | shares	49,454
Weighted average grant date fair value, Outstanding beginning balance | $ / shares	$ 19.94
Weighted average grant date fair value, Vested | $ / shares	18.57
Weighted average grant date fair value, Granted | $ / shares	14.18
Weighted average grant date fair value, Outstanding ending balance | $ / shares	$ 16.83
Long Term Incentive Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares/Units, Outstanding beginning balance | shares	896,665	[1]
Shares/Units, Vested | shares	(204,570)
Shares/Units, Granted | shares	515,465
Shares/Units, Forfeited | shares	(85,352)
Shares/Units, Outstanding ending balance | shares	1,122,208
Weighted average grant date fair value, Outstanding beginning balance | $ / shares	$ 19.90
Weighted average grant date fair value, Vested | $ / shares	21.5
Weighted average grant date fair value, Granted | $ / shares	12.25
Weighted average grant date fair value, Forfeited | $ / shares	18.3
Weighted average grant date fair value, Outstanding ending balance | $ / shares	$ 16.21
[1] Reflects the number of LTIP units issued to the grantee on the date which may be different from the number of LTIP units actually earned in the case of performance-based LTIP units.

Equity Incentive Plan - Summa_2

Equity Incentive Plan - Summary of Grants (Details)	6 Months Ended
	Jun. 30, 2023 shares
Services | January 3, 2023
Vest Date	Dec. 31, 2025
Units Granted	219,859
Services | March 2, 2023
Vest Date	Mar. 02, 2026
Units Granted	3,438
Services | May 9, 2023
Units Granted	16,244
Operational | January 3, 2023
Performance Period End Date	Dec. 31, 2025
Units Granted	127,291
Performance Shares | January 3, 2023
Performance Period End Date	Dec. 31, 2025
Units Granted	148,633
Long Term Incentive Plan
Units Granted	515,465

Equity Incentive Plan - Summa_3

Equity Incentive Plan - Summary of Significant Assumptions Used to Value the Total Shareholder (Details) - Long Term Incentive Plan	6 Months Ended
	Jun. 30, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected volatility	29%
Dividend yield	5.60%
Risk-free interest rate	4.20%
Expected life	3 years

Equity - Summary of Changes In

Equity - Summary of Changes In Stockholders' Equity (Detail) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Shareholders Equity [Line Items]
Balance	$ 1,440,039	$ 1,410,982	$ 1,439,345	$ 1,410,982	$ 1,441,581
Stock based compensation	1,299		1,637	2,967	3,266
Dividends and distributions paid	(28,156)		(27,381)	(55,619)	(54,415)
Issuance of common stock, net				52,232	9,399
Contribution of property for common units			17,361	219	17,361
Unrealized gain on interest rate swaps, net	3,107		2,903	1,094	8,410
Net income	5,778		8,130	10,192	16,393
Balance	$ 1,422,067	1,440,039	1,441,995	$ 1,422,067	1,441,995
Balance (in shares)	93,415,706			93,415,706
Common Stock Par Value [Member]
Shareholders Equity [Line Items]
Balance	$ 934	$ 908	$ 908	$ 908	$ 901
Balance (in shares)	93,389,906	90,814,021	90,779,897	90,814,021	90,147,868
Grant of unvested restricted stock, net (in shares)	25,800		21,725	32,486	29,078
Redemption of common units for shares of common stock					$ 2
Redemption of common units for shares of common stock (in shares)			15,000	10,199	204,751
Issuance of common stock, net				$ 26	$ 5
Issuance of common stock (in share)				2,559,000	434,925
Balance	$ 934	$ 934	$ 908	$ 934	$ 908
Balance (in shares)	93,415,706		90,816,622	93,415,706	90,816,622
Additional Paid-in Capital [Member]
Shareholders Equity [Line Items]
Balance	$ 1,672,467	1,622,913	$ 1,614,798	$ 1,622,913	$ 1,604,712
Stock based compensation	148		169	293	352
Redemption of common units for shares of common stock			211	140	2,909
Issuance of common stock, net				52,206	9,394
Allocation of non-controlling interest in Operating Partnership	784		6,110	(2,153)	3,921
Balance	1,673,399	1,672,467	1,621,288	1,673,399	1,621,288
Retained Earnings [Member]
Shareholders Equity [Line Items]
Balance	97,388	93,497	69,364	93,497	62,023
Net income	5,103		7,197	8,994	14,538
Balance	102,491	97,388	76,561	102,491	76,561
Cumulative Dividends [Member]
Shareholders Equity [Line Items]
Balance	(500,051)	(475,983)	(403,788)	(475,983)	(379,895)
Dividends and distributions paid	(24,755)		(24,063)	(48,823)	(47,956)
Balance	(524,806)	(500,051)	(427,851)	(524,806)	(427,851)
Accumulated Other Comprehensive Income (Loss) [Member]
Shareholders Equity [Line Items]
Balance	1,773	3,546	(172)	3,546	(5,072)
Unrealized gain on interest rate swaps, net	2,745		2,565	972	7,465
Balance	4,518	1,773	2,393	4,518	2,393
Non-controlling Interest in Operating Partnership [Member]
Shareholders Equity [Line Items]
Balance	167,528	166,101	158,235	166,101	158,912
Stock based compensation	1,151		1,468	2,674	2,914
Dividends and distributions paid	(3,401)		(3,318)	(6,796)	(6,459)
Redemption of common units for shares of common stock			(211)	(140)	(2,911)
Contribution of property for common units			17,361	219	17,361
Unrealized gain on interest rate swaps, net	362		338	122	945
Net income	675		933	1,198	1,855
Allocation of non-controlling interest in Operating Partnership	(784)		(6,110)	2,153	(3,921)
Balance	$ 165,531	$ 167,528	$ 168,696	$ 165,531	$ 168,696

Equity - Summary of Changes I_2

Equity - Summary of Changes In Stockholders' Equity (Parenthetical) (Detail) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Equity [Abstract]
Dividends and distributions paid, per share	$ 0.265	$ 0.265	$ 0.53	$ 0.53

Equity - Summary of Dividends D

Equity - Summary of Dividends Declared (Detail) - $ / shares		3 Months Ended			6 Months Ended
		Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Dividends Payable [Line Items]
Dividend		$ 0.265		$ 0.265	$ 0.53	$ 0.53
Q1 2023 [Member]
Dividends Payable [Line Items]
Declaration Date			Apr. 26, 2023
Record Date			May 11, 2023
Payment Date			May 23, 2023
Dividend	[1]		$ 0.265
Q2 2023 [Member]
Dividends Payable [Line Items]
Declaration Date		Aug. 02, 2023
Record Date		Aug. 17, 2023
Payment Date		Aug. 29, 2023
Dividend	[1]	$ 0.265
[1] Prior to the end of the performance period as set forth in the applicable LTIP unit award, holders of performance-based LTIP units are entitled to receive dividends per LTIP unit equal to 10 % of the dividend paid per common unit. After the end of the performance period, the number of LTIP units, both vested and unvested, that LTIP award recipients have earned, if any, are entitled to receive dividends in an amount per LTIP unit equal to dividends, both regular and special, payable per common unit. Holders of LTIP units that are not subject to the attainment of performance goals are entitled to receive dividends per LTIP unit equal to 100 % of the dividend paid per common unit beginning on the grant date.

Equity - Summary of Dividends_2

Equity - Summary of Dividends Declared (Parenthetical) (Detail)	6 Months Ended
	Jun. 30, 2023
Performance Based LTIP Units[Member]
Dividends Payable [Line Items]
Operating partnership dividend rate percentage	10%
Service Based LTIP Units[Member]
Dividends Payable [Line Items]
Operating partnership dividend rate percentage	100%

Equity - Additional Information

Equity - Additional Information (Detail) - USD ($) $ in Millions	Jan. 25, 2023	Dec. 28, 2021	Aug. 11, 2021	Jun. 22, 2021	Dec. 20, 2019	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Apr. 28, 2022
Stockholders Equity Note Disclosure [Line Items]
Common Stock, shares issued						93,415,706		90,814,021
Underwriters option to purchase additional shares			6,300,000
Contribution of property for common units, shares issued	12,391
Board of Directors [Member] | Share Repurchase Program [Member]
Stockholders Equity Note Disclosure [Line Items]
Repurchase of common stock,percentage									5%
Board of Directors [Member] | Share Repurchase Program [Member] | Maximum [Member]
Stockholders Equity Note Disclosure [Line Items]
Repurchase of common stock,shares						0			4,538,994
2019 ATM Program [Member]
Stockholders Equity Note Disclosure [Line Items]
Aggregate offering price of shares of common stock that the Company may issue and sell					$ 300
Gross sale of common stock available for grant						$ 87.4
2021 ATM Programs [Member]
Stockholders Equity Note Disclosure [Line Items]
Aggregate offering price of shares of common stock that the Company may issue and sell				$ 300
Number of Shares Sold						0
Gross sale of common stock available for grant						$ 300
Underwritten Public Offering [Member]
Stockholders Equity Note Disclosure [Line Items]
Common Stock, shares issued		3,991,000	6,300,000				2,309,000
Cash							$ 46.8
Proceeds from issuance initial public offering		$ 85

Equity - Schedule of Informatio

Equity - Schedule of Information with Respect to ATM Program (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2023	[1]	Jun. 30, 2023	Jun. 30, 2022
Subsidiary Sale Of Stock [Line Items]
Net Proceeds			$ 52,414	$ 9,504
2019 ATM Program [Member]
Subsidiary Sale Of Stock [Line Items]
Number of Shares Issued	250,000		250,000
Net Proceeds	$ 5,562		$ 5,562
[1] Shares were all issued in settlement of forward sales transactions. Additionally, as of June 30, 2023 , we had entered into forward sales transactions under the 2019 ATM Program for the sale of an additional 1,700,000 shares of our common stock that have not yet been settled. Subject to our right to elect net share settlement, we expect to physically settle the forward sales transactions by the maturity dates set forth in each applicable forward sale transaction placement notice, which dates range from August 2023 to July 2024. Assuming the forward sales transactions are physically settled in full utilizing a net weighted average initial forward sales price of $ 21.61 per share, we expect to receive net proceeds of approximately $ 36.7 million, after deducting offering costs, subject to adjustments in accordance with the applicable forward sale transaction. We accounted for the forward sale transactions as equity.

Equity - Schedule of Informat_2

Equity - Schedule of Information with Respect to ATM Program (Parenthetical) (Detail) - Underwritten Public Offering [Member] - 2019 ATM Program [Member] $ / shares in Units, $ in Millions	6 Months Ended
	Jun. 30, 2023 USD ($) $ / shares shares
Subsidiary Sale Of Stock [Line Items]
Number of unsettled common stock shares sold | shares	1,700,000
Net proceeds from unsettled common stock shares sold | $	$ 36.7
Weighted average price per share | $ / shares	$ 21.61

Earnings Per Share - Summary of

Earnings Per Share - Summary of Basic and Diluted Earnings Per Common Share (Detail) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Earnings Per Share Basic And Diluted [Line Items]
Net income		$ 5,778	$ 8,130	$ 10,192	$ 16,393
Less: Non-controlling interest in Operating Partnership		(675)	(933)	(1,198)	(1,855)
Net income available to Easterly Government Properties, Inc.		5,103	7,197	8,994	14,538
Less: Dividends on participating securities		(151)	(137)	(299)	(272)
Net income available to common stockholders		$ 4,952	$ 7,060	$ 8,695	$ 14,266
Denominator for basic EPS		93,358,851	90,751,351	92,235,346	90,452,594
Denominator for diluted EPS		93,641,382	91,083,980	92,508,651	90,799,647
Basic EPS		$ 0.05	$ 0.08	$ 0.09	$ 0.16
Diluted EPS		$ 0.05	$ 0.08	$ 0.09	$ 0.16
Stock Compensation Plan [Member]
Earnings Per Share Basic And Diluted [Line Items]
Dilutive effect		16,689	13,666	20,448	25,683
Long Term Incentive Plan
Earnings Per Share Basic And Diluted [Line Items]
Dilutive effect	[1]	265,842	318,963	252,857	309,067
Forward Sale Agreements [Member]
Earnings Per Share Basic And Diluted [Line Items]
Dilutive effect	[2]				12,303
[1] During both the three and six months ended June 30, 2023 , there were 314,844 unvested performance-based LTIP units that were not included in the computation of diluted EPS because to do so would have been antidilutive for the period. During both the three and six months ended June 30, 2022 , there were 338,569 unvested performance-based LTIP units that were not included in the computation of diluted EPS because to do so would have been antidilutive for the period. During both the three and six months ended June 30, 2023 , there were 1,700,000 shares of underlying unsettled forward sales transactions that were not included in the computation of diluted EPS because to do so would have been antidilutive for the period. During the three and six months ended June 30, 2022 , there were 4,259,000 and 2,809,000 shares, respectively, of underlying unsettled forward sales transactions that were not included in the computation of diluted EPS because to do so would have been antidilutive for the period.

Earnings Per Share - Summary _2

Earnings Per Share - Summary of Basic and Diluted Earnings Per Common Share (Parenthetical) (Detail) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Unvested Performance-Based Long Term Incentive Plan [Member]
Earnings Per Share Basic And Diluted [Line Items]
Antidilutive securities excluded from computation of earnings per share amount	314,844	338,569	314,844	338,569
Underlying Unsettled Forward Sales Transactions [Member]
Earnings Per Share Basic And Diluted [Line Items]
Antidilutive securities excluded from computation of earnings per share amount	1,700,000	4,259,000	1,700,000	2,809,000

Leases - Additional Information

Leases - Additional Information (Detail) $ in Millions	6 Months Ended
	Jun. 30, 2023 USD ($)
Lessee Lease Description [Line Items]
Average age of property	19 years 1 month 6 days
Right-of-use asset	$ 3.3
Operating lease liability	$ 3.3

Leases - Summary of Maturity of

Leases - Summary of Maturity of Fixed Lease Payments Under Company's Leases (Detail) $ in Thousands	Jun. 30, 2023 USD ($)
Leases [Abstract]
Fixed lease payments, Total	$ 2,047,912
Fixed lease payments, 2023	108,413	[1]
Fixed lease payments, 2024	208,581
Fixed lease payments, 2025	199,864
Fixed lease payments, 2026	193,031
Fixed lease payments, 2027	181,497
Fixed lease payments, Thereafter	$ 1,156,526
[1] Represents the six months ending December 31, 2023 .

Leases - Summary of Composition

Leases - Summary of Composition of Lease Revenue Recognized Between Fixed and Variable Components (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Operating Leased Assets [Line Items]
Rental income	$ 67,758	$ 71,156	$ 135,906	$ 141,595
Fixed
Operating Leased Assets [Line Items]
Rental income	62,969	65,931	125,893	131,378
Variable
Operating Leased Assets [Line Items]
Rental income	$ 4,789	$ 5,225	$ 10,013	$ 10,217

Leases - Schedule of Quantitati

Leases - Schedule of Quantitative Information for Company's Operating Leases (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Leases [Abstract]
Cash flows from operating lease costs	$ 130	$ 102	$ 261	$ 204

Leases - Schedule of Maturity o

Leases - Schedule of Maturity of Fixed Lease Payments Under Company's Corporate Office Leases (Detail) - Corporate Office Leases [Member] $ in Thousands	Jun. 30, 2023 USD ($)
Schedule Of Future Minimum Rental Payments For Operating Leases [Line Items]
2023	$ 324	[1]
2024	768
2025	793
2026	661
2027	368
Thereafter	718
Total future minimum lease payments	3,632
Imputed interest	(375)
Total	$ 3,257
[1] Represents the six months ending December 31, 2023 .

Revenue - Summary of Revenue fr

Revenue - Summary of Revenue from Tenant Construction Projects Disaggregated by Tenant Agency (Detail) - ASU 2014-09 [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Disaggregation Of Revenue [Line Items]
Tenant Construction Project Income	$ 2,765	$ 1,102	$ 5,075	$ 2,374
Department of Veteran Affairs ("VA") [Member]
Disaggregation Of Revenue [Line Items]
Tenant Construction Project Income	1,699	203	2,632	302
U.S Joint Staff Command ("JSC") [Member]
Disaggregation Of Revenue [Line Items]
Tenant Construction Project Income	651	164	1,253	456
Federal Bureau of Investigation ("FBI") [Member]
Disaggregation Of Revenue [Line Items]
Tenant Construction Project Income	55	619	378	845
U.S. Coast Guard ("USCG") [Member]
Disaggregation Of Revenue [Line Items]
Tenant Construction Project Income	62		209	33
Department of Transportation ("DOT") [Member]
Disaggregation Of Revenue [Line Items]
Tenant Construction Project Income	16		136
Immigration and Customs Enforcement ("ICE") [Member]
Disaggregation Of Revenue [Line Items]
Tenant Construction Project Income	40		111
The Judiciary of the U.S. Government ("JUD") [Member]
Disaggregation Of Revenue [Line Items]
Tenant Construction Project Income	106		110	4
Federal Emergency Management Agency ("FEMA") [Member]
Disaggregation Of Revenue [Line Items]
Tenant Construction Project Income	70		89
Customs and Border Protection ("CBP") [Member]
Disaggregation Of Revenue [Line Items]
Tenant Construction Project Income	3	35	82	155
U.S. Citizenship and Immigration Services ("USCIS") [Member]
Disaggregation Of Revenue [Line Items]
Tenant Construction Project Income	30		30	110
Bonneville Power Administration ("BPA") [Member]
Disaggregation Of Revenue [Line Items]
Tenant Construction Project Income	14		14
National Archives and Records Administration (''NARA'') [Member]
Disaggregation Of Revenue [Line Items]
Tenant Construction Project Income	13		13
Food And Drug Administration ("FDA") [Member]
Disaggregation Of Revenue [Line Items]
Tenant Construction Project Income	2		11	204
Internal Revenue Service ("IRS") [Member]
Disaggregation Of Revenue [Line Items]
Tenant Construction Project Income	1		4	33
Department of Labor ("DOL") [Member]
Disaggregation Of Revenue [Line Items]
Tenant Construction Project Income	$ 3		$ 3
General Services Administration - Other [Member]
Disaggregation Of Revenue [Line Items]
Tenant Construction Project Income		6		6
National Park Services ("NPS") [Member]
Disaggregation Of Revenue [Line Items]
Tenant Construction Project Income		1		100
Drug Enforcement Agency (“DEA”) [Member]
Disaggregation Of Revenue [Line Items]
Tenant Construction Project Income		40		40
Occupational Safety and Health Administration ("OSHA") [Member]
Disaggregation Of Revenue [Line Items]
Tenant Construction Project Income		22		68
Patent and Trademark Office ("PTO") [Member]
Disaggregation Of Revenue [Line Items]
Tenant Construction Project Income		$ 12		14
Health Resources and Services Administration ("HRSA") [Member]
Disaggregation Of Revenue [Line Items]
Tenant Construction Project Income				$ 4

Revenue - Additional Informatio

Revenue - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Disaggregation Of Revenue [Line Items]
Tenant accounts receivable	$ 60,862,000		$ 60,862,000		$ 58,835,000
ASU 2014-09 [Member]
Disaggregation Of Revenue [Line Items]
Accounts receivable related to tenant construction projects	8,200,000		8,200,000		6,800,000
Contract assets	0		0		0
Contract liabilities	0		0		0
ASU 2014-09 [Member] | COVID-19 [Member]
Disaggregation Of Revenue [Line Items]
Total revenues	100,000	$ 100,000	100,000	$ 100,000
ASU 2014-09 [Member] | COVID-19 [Member] | Maximum [Member]
Disaggregation Of Revenue [Line Items]
Tenant accounts receivable	100,000		100,000		100,000
ASU 2014-09 [Member] | Various GSA - Buffalo Property [Member] | Parking Garage [Member]
Disaggregation Of Revenue [Line Items]
Total revenues	100,000	$ 100,000	200,000	$ 100,000
Tenant accounts receivable	$ 100,000		$ 100,000		$ 100,000

Concentrations Risk - Additiona

Concentrations Risk - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2023 Property
Wholly Owned Properties [Member]
Concentration Risk [Line Items]
Number of properties	86
CALIFORNIA
Concentration Risk [Line Items]
Number of properties	17
Lease Income [Member] | Credit Concentration Risk [Member] | CALIFORNIA
Concentration Risk [Line Items]
Percentage of concentrations risk	20%
Rentable Square Feet [Member] | Credit Concentration Risk [Member] | CALIFORNIA
Concentration Risk [Line Items]
Percentage of concentrations risk	15%
U.S. Government [Member] | Lease Income [Member] | Credit Concentration Risk [Member]
Concentration Risk [Line Items]
Percentage of concentrations risk	98.50%
Non Governmental Tenants [Member] | Lease Income [Member] | Credit Concentration Risk [Member]
Concentration Risk [Line Items]
Percentage of concentrations risk	1.50%

Related Parties - Additional In

Related Parties - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Related Party Transaction [Line Items]
Asset management income	$ 517	$ 317	$ 1,034	$ 565
JV [Member]
Related Party Transaction [Line Items]
Asset management income	$ 500	$ 300	$ 1,000	$ 600