Easterly Government Properties (DEA) 10-Q 5 Nov 24 2024 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2024	Oct. 29, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
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		105,668,880
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	Sep. 30, 2024	Dec. 31, 2023
Assets
Real estate properties, net	$ 2,457,256	$ 2,319,143
Cash and cash equivalents	31,202	9,381
Restricted cash	8,005	12,558
Tenant accounts receivable	70,280	66,274
Investment in unconsolidated real estate venture	315,886	284,544
Real estate loan receivable, net	30,689
Intangible assets, net	146,204	148,453
Interest rate swaps	514	1,994
Prepaid expenses and other assets	41,073	37,405
Assets held for sale	2,002
Total assets	3,103,111	2,879,752
Liabilities
Revolving credit facility	149,550	79,000
Term loan facilities, net	273,851	299,108
Notes payable, net	894,523	696,532
Mortgage notes payable, net	156,653	220,195
Intangible liabilities, net	11,367	12,480
Deferred revenue	121,767	82,712
Accounts payable, accrued expenses and other liabilities	113,766	80,209
Total liabilities	1,721,477	1,470,236
Equity
Common stock, par value $0.01, 200,000,000 shares authorized, 105,666,329 and 100,973,247 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively	1,056	1,010
Additional paid-in capital	1,845,271	1,783,338
Retained earnings	126,401	112,301
Cumulative dividends	(658,042)	(576,319)
Accumulated other comprehensive income	489	1,871
Total stockholders’ equity	1,315,175	1,322,201
Non-controlling interest in Operating Partnership	66,459	87,315
Total equity	1,381,634	1,409,516
Total liabilities and equity	$ 3,103,111	$ 2,879,752

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) (Unaudited) - $ / shares	Sep. 30, 2024	Dec. 31, 2023
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	105,666,329	100,973,247
Common Stock, shares outstanding	105,666,329	100,973,247

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenues
Rental income	$ 72,536	$ 68,205	$ 215,465	$ 204,111
Asset management income	579	526	1,680	1,560
Total revenues	74,781	72,014	223,802	214,607
Expenses
Property operating	16,710	18,746	51,420	54,263
Real estate taxes	8,000	7,814	24,072	22,901
Depreciation and amortization	23,795	22,245	71,681	67,945
Acquisition costs	600	321	1,427	1,226
Corporate general and administrative	4,667	6,107	18,032	20,426
Provision for credit losses	1,260		1,478
Total expenses	55,032	55,233	168,110	166,761
Other income (expense)
Income from unconsolidated real estate venture	1,575	1,346	4,367	4,166
Interest expense, net	(16,209)	(12,046)	(45,210)	(35,739)
Net income	5,115	6,081	14,849	16,273
Non-controlling interest in Operating Partnership	(252)	(707)	(749)	(1,905)
Net income available to Easterly Government Properties, Inc.	$ 4,863	$ 5,374	$ 14,100	$ 14,368
Net income available to Easterly Government Properties, Inc. per share:
Basic	$ 0.05	$ 0.06	$ 0.13	$ 0.15
Diluted	$ 0.05	$ 0.06	$ 0.13	$ 0.15
Weighted-average common shares outstanding
Basic	103,515,246	93,537,121	102,671,381	92,674,039
Diluted	103,904,581	93,849,444	102,980,995	92,938,221
Dividends declared per common share	$ 0.265	$ 0.265	$ 0.795	$ 0.795
Tenant Reimbursements [Member]
Revenues
Total revenues	$ 663	$ 2,704	$ 4,494	$ 7,279
Other Income [Member]
Revenues
Total revenues	$ 1,003	$ 579	$ 2,163	$ 1,657

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 5,115	$ 6,081	$ 14,849	$ 16,273
Other comprehensive gain (loss):
Unrealized gain (loss) on interest rate swaps, net	(1,952)	(110)	(1,481)	984
Other comprehensive gain (loss)	(1,952)	(110)	(1,481)	984
Comprehensive income	3,163	5,971	13,368	17,257
Non-controlling interest in Operating Partnership	(252)	(707)	(749)	(1,905)
Other comprehensive (gain) loss attributable to non-controlling interest	97	22	99	(100)
Comprehensive income attributable to Easterly Government Properties, Inc.	$ 3,008	$ 5,286	$ 12,718	$ 15,252

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities
Net income	$ 14,849	$ 16,273
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	71,681	67,945
Straight line rent	(3,123)	(2,661)
Income from unconsolidated real estate venture	(4,367)	(4,166)
Amortization of above- / below-market leases	(1,464)	(2,052)
Amortization of unearned revenue	(5,125)	(4,678)
Amortization of loan premium / discount	(669)	(820)
Amortization of deferred financing costs	2,286	1,572
Amortization of lease inducements	796	684
Amortization of real estate loan receivable origination fees	(22)
Distributions from investment in unconsolidated real estate venture	11,059	9,025
Non-cash compensation	2,208	4,625
Provision for credit losses	1,478
Net change in:
Tenant accounts receivable	(888)	408
Prepaid expenses and other assets	(3,665)	(4,720)
Real estate loan interest receivable	(437)
Deferred revenue associated with operating leases	44,180	5,547
Principal payments on operating lease obligations	(501)	(369)
Accounts payable, accrued expenses and other liabilities	9,806	10,332
Net cash provided by operating activities	138,082	96,945
Cash flows from investing activities
Real estate acquisitions and deposits	(73,464)	(957)
Additions to operating properties	(28,980)	(20,168)
Additions to development properties	(79,297)	(9,798)
Distributions from investment in unconsolidated real estate venture	2,037
Investment in unconsolidated real estate venture	(40,071)	(17,736)
Investment in real estate loan receivable, net	(31,472)
Net cash used in investing activities	(251,247)	(48,659)
Cash flows from financing activities
Payment of deferred financing costs	(7,840)
Issuance of common shares	43,414	86,472
Credit facility draws	353,550	100,750
Credit facility repayments	(283,000)	(166,250)
Term loan repayments	(25,500)
Term loan draws		50,000
Issuance of notes payable	200,000
Repayments of mortgage notes payable	(63,183)	(18,912)
Dividends and distributions paid	(86,383)	(83,774)
Payment of offering costs	(625)	(397)
Net cash provided by (used in) financing activities	130,433	(32,111)
Net increase in Cash and cash equivalents and Restricted cash	17,268	16,175
Cash and cash equivalents and Restricted cash, beginning of period	21,939	17,274
Cash and cash equivalents and Restricted cash, end of period	39,207	33,449
Supplemental disclosure of cash flow information is as follows (amounts in thousands):
Cash paid for interest (net of capitalized interest of $1,590 and $665 in 2024 and 2023, respectively)	38,955	33,834
Supplemental disclosure of non-cash information
Offering costs accrued, not paid	21	16
Deferred asset acquisition costs accrued, not paid	156	92
Unrealized gain (loss) on interest rate swaps, net	(1,481)	984
Properties acquired for Common Units		219
Exchange of Common Units for Shares of Common Stock
Non-controlling interest in Operating Partnership	(18,793)	(164)
Common stock	14
Additional paid-in capital	18,779	164
Operating Properties [Member]
Supplemental disclosure of non-cash information
Additions to properties accrued, not paid	6,047	2,513
Development Properties [Member]
Supplemental disclosure of non-cash information
Additions to properties accrued, not paid	$ 34,017	$ 5,178

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parenthetical) (unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Statement of Cash Flows [Abstract]
Capitalized interest	$ 2,962	$ 1,038

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 4,863	$ 5,374	$ 14,100	$ 14,368

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2024
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
Rule 10b5-1 Arrangement Modified	false
Non-Rule 10b5-1 Arrangement Modified	false

Organization and Basis of Prese

Organization and Basis of Presentation	9 Months Ended
	Sep. 30, 2024
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, 2023, 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, 2023 filed with the U.S. Securities and Exchange Commission (the “SEC”) on February 27, 2024. 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 out 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 primarily 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. We may also consider other potential opportunities to add properties to our portfolio, including acquiring properties leased to state and local governments with strong creditworthiness and other opportunities that directly or indirectly support the mission of select government agencies. As of September 30, 2024, we wholly owned 85 operating properties and ten operating properties through an unconsolidated joint venture (the “JV”) in the United States, encompassing approximately 9.3 million leased square feet, including 92 operating properties that were leased primarily to U.S. Government tenant agencies, two operating properties that were entirely leased to private tenants and one operating property entirely leased to tenant agencies of a U.S. state government. As of September 30, 2024, our operating properties were 97 % 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 two properties 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 and owned approximately 95.2 % of the aggregate limited partnership interests in the Operating Partnership (“common units”) as of September 30, 2024. We have elected to be taxed as a REIT and 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 September 30, 2024 and December 31, 2023, the consolidated results of operations for the three and nine months ended September 30, 2024 and 2023, and the consolidated cash flows for the nine months ended September 30, 2024 and 2023. The year-end 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	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies See below for our Current Expected Credit Loss (“CECL”) policy subsequent to the adoption of Accounting Standards Update (“ASU”) 2016-13 Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments . All other 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, 2023. Loan Receivable and Allowance for Credit Losses The measurement of expected credit losses under the CECL methodology is applicable to our financial assets measured at amortized cost, including loan receivables and certain off-balance sheet credit exposures such as unfunded loan commitments. We adopted this standard on January 1, 2020 and apply this methodology to our loan receivables and off-balance sheet credit exposure. To determine our expected credit losses under CECL, we utilize a probability of default (“PD”) and loss given default (“LGD”) methodology. We determined that we have one portfolio segment and reserve for loan losses on an asset-specific basis. We have a limited history of incurred losses and consequently have elected to employ external data to perform our CECL calculation. Our model’s inputs consider a default grade or industry relative default grade associated with the borrower and prospective tenant funding the development to determine an appropriate default risk and allowance for credit loss under the PD and LGD methodology. If a reserve is recorded, the allowance is increased as a provision for credit losses and is decreased by charge-offs when losses are confirmed through the receipt of assets such as cash or via ownership control of the underlying collateral in full. The allowance for loan losses reflects management's estimate of loan losses as of the balance sheet date. Reclassifications Provision for credit loss amounts previously classified within Corporate general and administrative have been reclassified to Provision for credit losses on our Consolidated Statements of Operations to conform with the current period presentation. Recent Accounting Pronouncements Not Yet Adopted In October 2023, the Financial Accounting Standards Board (“FASB”) issued ASU 2023-06, Disclosure Improvements: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative (“ASU 2023-06”). ASU 2023-06 adds interim and annual disclosure requirements to GAAP at the request of the Securities and Exchange Commission (the “SEC”). The guidance in ASU 2023-06 is required to be applied prospectively and the GAAP requirements will be effective when the removal of the related SEC disclosure requirements is effective. If the SEC does not act to remove its related requirement by June 30, 2027, any related FASB amendments will be removed from the ASC and will not be effective. We do not anticipate that the adoption of ASU 2023-06 will have a material impact on our consolidated financial statements. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. The standard is intended to enhance the transparency and decision usefulness of income tax disclosures through changes to the rate reconciliation and income taxes paid information. The new standard is effective for annual periods beginning after December 15, 2024. We do not anticipate that the adoption of ASU 2023-09 will have a material impact on our consolidated financial statements.

Real Estate and Intangibles

Real Estate and Intangibles	9 Months Ended
	Sep. 30, 2024
Real Estate [Abstract]
Real Estate and Intangibles	3. Real Estate and Intangibles Acquisitions During the nine months ended September 30, 2024 , we acquired four operating properties in asset acquisitions, ICE – Dallas, ICE – Orlando, HSI – Orlando, and Northrop Grumman – Dayton for an aggregate purchase price of $ 70.3 million. We allocated the aggregate purchase price of these acquisitions based on the estimated fair values of the acquired assets and assumed liabilities as follows (amounts in thousands): Total Real estate Land $ 17,585 Building 33,740 Acquired tenant improvements 6,568 Total real estate 57,893 Intangible assets In-place leases 10,163 Acquired leasing commissions 3,438 Total intangible assets 13,601 Intangible liabilities Below-market leases ( 1,205 ) Total intangible liabilities ( 1,205 ) Purchase price $ 70,289 The intangible assets and liabilities of operating properties acquired during the nine months ended September 30, 2024 have a weighted average amortization period of 10.7 years as of September 30, 2024. During the nine months ended September 30, 2024 , we included $ 3.2 million of revenues and $ 1.3 million of net income in our Consolidated Statements of Operations related to the operating properties acquired. In addition to the above operating property activity, we acquired one land parcel for development, JUD – Flagstaff, during the nine months ended September 30, 2024. During the three and nine months ended September 30, 2024, we incurred $ 0.6 million and $ 1.4 million of acquisition-related expenses, respectively, mainly consisting of internal costs associated with the property acquisitions. Disposition and Asset Held for Sale In July 2024, we entered into an agreement to sell a land parcel located in Lincoln, Nebraska for $ 2.3 million. As of September 30, 2024, we classified the land parcel as held for sale. The land parcel had a carrying value of $ 2.0 million and was included in Assets held for sale in our Consolidated Balance Sheets. On October 3, 2024, we sold the land parcel for a gross sales price of $ 2.3 million. Consolidated Real Estate and Intangibles Real estate and intangibles consisted of the following as of September 30, 2024 (amounts in thousands): Total Real estate properties, net Land $ 243,536 Building and improvements 2,410,103 Acquired tenant improvements 92,517 Construction in progress 158,068 Accumulated depreciation ( 446,968 ) Total Real estate properties, net 2,457,256 Assets held for sale Assets held for sale 2,002 Total Assets held for sale 2,002 Intangible assets, net In-place leases 290,765 Acquired leasing commissions 75,998 Above market leases 14,620 Payment in lieu of taxes 6,394 Accumulated amortization ( 241,573 ) Total Intangible assets, net 146,204 Intangible liabilities, net Below market leases ( 73,242 ) Accumulated amortization 61,875 Total Intangible liabilities, net ( 11,367 ) No operating properties were disposed of during the nine months ended September 30, 2024. 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 September 30, 2024 (amounts in thousands): Acquired Above-Market Lease Intangibles Acquired Below-Market Lease Intangibles 2024 (1) $ 274 $ ( 698 ) 2025 1,097 ( 2,487 ) 2026 1,096 ( 2,249 ) 2027 1,096 ( 2,024 ) 2028 725 ( 1,479 ) (1) Represents the three months ending December 31, 2024. 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	9 Months Ended
	Sep. 30, 2024
Unconsolidated Real Estate Ventures [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 September 30, Joint Venture Ownership Interest 2024 MedBase Venture 53.0 % $ 315,886 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 that encompasses 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. We have joint approval rights with our JV partner on major decisions, including those regarding property operations. As such, we hold a non-controlling interest in the joint venture and account for the JV under the equity method of accounting. During the nine months ended September 30, 2024, the JV acquired VA – Jacksonville, the last of the ten properties to be acquired in the VA portfolio, for an aggregate purchase price of $ 77.4 million.

Real Estate Loan Receivable

Real Estate Loan Receivable	9 Months Ended
	Sep. 30, 2024
Receivables [Abstract]
Real Estate Loan Receivable	5. Real Estate Loan Receivable On August 6, 2024, we entered into a construction loan agreement to lend up to $ 52.1 million to a developer (the “Borrower”). The construction loan will accrue interest monthly at a fixed market rate of 9.00 % per annum. The construction loan shall be re-paid in full on or before August 31, 2027 , the maturity date. Upon completion of the development, we have the option to purchase at fair value all of the issued and outstanding membership interest from the Borrower in a special purpose entity (“SPE”) which solely holds the developed property. We hold a variable interest in the SPE, but we do not consolidate the SPE as we are not the primary beneficiary due to the lack of power to direct significant activities performed by the SPE. A summary of our real estate loan receivable consisted of the following (in thousands): September 30, 2024 December 31, 2023 Real estate loan receivable $ 31,931 $ — Allowance for credit losses ( 1,242 ) — Real estate loan receivable, net $ 30,689 $ — During both the three and nine months ended September 30, 2024 , we recognized interest income from our real estate loan receivable of $ 0.4 million. No interest income was recognized from real estate loan receivables during the three and nine months ended September 30, 2023. Interest income from our real estate loan receivable is included within Other income on our Consolidated Statements of Operations. As of September 30, 2024 , we recognized an allowance for credit loss liability of $ 0.2 million for the undrawn capacity on the construction loan. Allowance for credit loss liability is included within Accounts payable, accrued expenses and other liabilities on our Consolidated Balance Sheets. The fair value of this real estate loan receivable was approximately $ 32.4 million as of September 30, 2024.

Debt

Debt	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Debt	6. Debt At September 30, 2024, our consolidated borrowings consisted of the following (amounts in thousands): Principal Outstanding Interest Current Loan September 30, 2024 Rate (1) Maturity Revolving credit facility: 2024 revolving credit facility (2) $ 149,550 SOFR + 145 bps (3) June 2028 (4) Total revolving credit facility 149,550 Term loan facilities: 2016 term loan facility 100,000 5.63 % (5) January 2025 2018 term loan facility 174,500 5.23 % (6) July 2026 Total term loan facilities 274,500 Less: Total unamortized deferred financing fees ( 649 ) Total term loan facilities, net 273,851 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 2024 series A senior notes 150,000 6.56 % May 2033 2024 series B senior notes 50,000 6.56 % August 2033 Total notes payable 900,000 Less: Total unamortized deferred financing fees ( 5,477 ) Total notes payable, net 894,523 Mortgage notes payable: USFS II – Albuquerque 10,137 4.46 % (7) July 2026 ICE – Charleston 10,874 4.21 % (7) January 2027 VA – Loma Linda 127,500 3.59 % (7) July 2027 CBP – Savannah 8,902 3.40 % (7) July 2033 Total mortgage notes payable 157,413 Less: Total unamortized deferred financing fees ( 634 ) Less: Total unamortized premium/discount ( 126 ) Total mortgage notes payable, net 156,653 Total debt $ 1,474,577 (1) 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. (2) Our $ 400.0 million senior unsecured 2024 revolving credit facility (the “2024 revolving credit facility”) had available capacity of $ 250.3 million at September 30, 2024 which includes an accordion feature that provides us with additional capacity of up to $ 300.0 million, subject to syndication of the increase and the satisfaction of customary terms and conditions. (3) Our 2024 revolving credit facility is subject to one interest rate swap with an effective date of June 23, 2023 and a notional value of $ 100.0 million, of which $ 25.5 million is associated with our 2024 revolving credit facility, to effectively fix the interest rate at 5.46 % annually. The spread over the secured overnight financing rate (“SOFR”) is based on our consolidated leverage ratio, as defined in our 2024 revolving credit facility agreement. Additionally, at September 30, 2024 , $ 124.1 million of amounts outstanding under our 2024 revolving credit facility had a floating rate of 4.83 % under USD SOFR with a five day lookback. (4) Our 2024 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 2016 term loan facility (our “2016 term loan facility”) is subject to one interest rate swap with an effective date of June 23, 2023 and a notional value of $ 100.0 million, which effectively fixes the interest rate at 5.63 % annually. The spread over SOFR is based on our consolidated leverage ratio, as defined in our 2016 term loan facility agreement . (6) Our 2018 term loan facility (as amended, our “2018 term loan facility”) is subject to two interest rate swaps with an effective date of June 23 and September 29, 2023 and an aggregate notional value of $ 200.0 million, of which $ 174.5 million is associated with our 2018 term loan facility, to effectively fix the interest rate at 5.23 % annually. The spread over SOFR is based on our consolidated leverage ratio, as defined in our 2018 term loan facility agreement. (7) Effective interest rates are as follows: USFS II – Albuquerque 3.92 %, ICE – Charleston 3.93 %, VA – Loma Linda 3.78 %, CBP – Savannah 4.12 %. As of September 30, 2024, the net carrying value of real estate collateralizing our mortgages payable totaled $ 218.3 million. See Note 8 for the fair value of our debt instruments. On April 1, 2024, we used $ 8.4 million of available cash to extinguish the mortgage note obligation on VA – Golden. On August 6, 2024, we used $ 51.5 million of available cash to extinguish the mortgage note obligation on USCIS – Kansas City. 2024 Senior Note Agreement On May 29, 2024, we entered into a master note purchase agreement pursuant to which the Operating Partnership agreed to issue and sell an aggregate of up to $ 200 million of fixed rate, senior unsecured notes (“Senior Notes”) consisting of (i) 6.56 % Series A Senior Notes due May 29, 2033 (“Series A Senior Notes”), in an aggregate principal amount of $ 150.0 million, and (ii) 6.56 % Series B Senior Notes due August 14, 2033 (“Series B Senior Notes”), in an aggregate principal amount of $ 50.0 million. The Series A Senior Notes were issued on May 29, 2024 and the Series B Senior Notes were issued on August 14, 2024 . We, together with various subsidiaries of the Operating Partnership, have guaranteed the Series A Senior Notes and the Series B Senior Notes. 2024 Revolving Credit Facility On June 3, 2024, we entered into a credit agreement (the “2024 Credit Agreement”) that provides for a $ 400.0 million senior unsecured revolving credit facility which includes an accordion feature that provides us with additional capacity of up to $ 300.0 million, subject to syndication of the increase and the satisfaction of customary terms and conditions. The 2024 revolving credit facility has an initial four-year term and will mature in June 2028 , with two six-month as-of-right extension options, subject to certain conditions and the payment of an extension fee. Borrowings under the 2024 revolving credit facility will, at the Operating Partnership's option, bear interest at floating rates equal to either (i) a fluctuating rate equal to the sum of (a) the highest of (x) Citibank, N.A.'s base rate, (y) the federal funds effective rate plus 0.50 % and (z) the one-month adjusted term SOFR plus 1.00 %, plus, in each case, (b) a margin ranging from 0.20 % to 0.80 % based on our leverage ratio, (ii) the daily simple SOFR plus a credit spread adjustment of 0.10 % (the “Adjusted DSS”), or (iii) the term SOFR, plus a credit spread adjustment of 0.10 % (the “Term SOFR”), plus, in the case of borrowings bearing interest at Adjusted DSS or Term SOFR, a margin ranging from 1.20 % to 1.80 % based on our leverage ratio. 2021 Revolving Credit Facility We are also party to the second amended and restated credit agreement, dated July 23, 2021, as amended by the first amendment, dated as of July 22, 2022, the second amendment, dated as of November 23, 2022, and the third amendment, dated as of May 30, 2023 (as amended, restated, or otherwise modified from time to time, the “2021 Credit Facility”), which provides for (i) a $ 450.0 million senior unsecured revolving credit facility (the “2021 revolving credit facility”) and (ii) our 2018 term loan facility. In connection with the entry into the 2024 Credit Agreement on June 3, 2024, we prepaid all amounts outstanding under and terminated the revolver portion of the 2021 Credit Facility, including all unused commitments. Other than the foregoing, the terms of the 2021 Credit Facility remain unchanged and our 2018 term loan portion of the 2021 Credit Facility remains outstanding. We recognized an aggregate $ 0.3 million loss on debt extinguishment during the nine months ended September 30, 2024 which is included in Interest expense, net on our Consolidated Statements of Operations. Term Loan Facilities On January 23, 2024, we entered into the seventh amendment to the senior unsecured term loan agreement, dated as of September 29, 2016, that governs our 2016 term loan facility to extend the maturity date of our 2016 term loan facility from March 29, 2024 to January 30, 2025. On June 3, 2024, we repaid $ 25.0 million of amounts outstanding under our 2018 term loan facility using available cash derived from the issuance of Series A Senior Notes. On July 8, 2024, we used $ 0.5 million of available cash to pay down a portion of our 2018 term loan facility. On July 15, 2024, we amended the credit agreements governing our 2016 and 2018 term loan facilities to conform certain definitions related to leverage covenants to the provisions of the 2024 Credit Agreement. Financial Covenant Considerations As of September 30, 2024, we were in compliance with all financial and other covenants related to our debt.

Derivatives and Hedging Activit

Derivatives and Hedging Activities	9 Months Ended
	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives and Hedging Activities	7. 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 September 30, 2024. We entered into these interest rate swap derivatives to reduce our exposure to the variability in future cash flows attributable to changes in our floating rate debt (amounts in thousands): Notional Amount Fixed Rate Floating Rate Index Effective Date Expiration Date Fair Value $ 100,000 4.01 % USD-SOFR with -5 Day Lookback June 23, 2023 March 23, 2025 $ 153 $ 100,000 4.18 % USD-SOFR with -5 Day Lookback June 23, 2023 December 23, 2024 $ 116 $ 100,000 3.70 % USD-SOFR with -5 Day Lookback September 29, 2023 June 29, 2025 $ 245 The table below sets forth the fair value of our interest rate derivatives as well as their classification on our Consolidated Balance Sheets (amounts in thousands): Balance Sheet Line Item As of September 30, 2024 Interest rate swaps $ 514 Cash Flow Hedges of Interest Rate Risk The gains or losses on derivatives designated and that qualify as cash flow hedges are recorded in Accumulated other comprehensive income (“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 $ 0.9 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 (Loss) (amounts in thousands): For the three months ended September 30, For the nine months ended September 30, 2024 2023 2024 2023 Unrealized gain (loss) recognized in AOCI $ ( 917 ) $ 1,443 $ 1,614 $ 5,778 Gain reclassified from AOCI into interest expense 1,035 1,553 3,095 4,794 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 September 30, 2024 , we were no t in a net liability position with any derivative counterparty. As of September 30, 2024 , we were in compliance with these agreements and had not posted any collateral related to these agreements.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	8. 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 September 30, 2024 were classified as Level 2 of the fair value hierarchy. The carrying values of cash and cash equivalents, restricted cash, accounts receivable, other assets (excluding our real estate loan receivable) and accounts payable and accrued expenses are reasonable estimates of fair values because of the short maturities of these instruments. The fair value of our real estate loan receivable, as disclosed in Note 5, is based on the discounted estimated future cash flows of the loan (categorized within Level 3 of the fair value hierarchy); the discount rates used approximate current market rates for loans with similar maturities and credit quality, and the estimated cash payments include scheduled principal and interest payments. The table below presents our assets measured at fair value on a recurring basis as of September 30, 2024, aggregated by the level in the fair value hierarchy within which those measurements fall (amounts in thousands): As of September 30, 2024 Balance Sheet Line Item Level 1 Level 2 Level 3 Interest rate swaps $ — $ 514 $ — 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 September 30, 2024, 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 September 30, 2024 Financial liabilities Carrying Amount (1) Fair Value (2) 2024 revolving credit facility $ 149,550 $ 149,550 2016 term loan facility $ 100,000 $ 100,000 2018 term loan facility $ 174,500 $ 174,500 Notes payable $ 900,000 $ 847,296 Mortgages payable $ 157,413 $ 149,066 (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	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
Equity Incentive Plan	9. Equity Incentive Plan The following is a summary of our stock-based compensation expense for the three and nine months ended September 30, 2024 and 2023, respectively: For the three months ended September 30, For the nine months ended September 30, 2024 2023 2024 2023 Stock-based compensation expense, net (recovery) $ ( 180 ) $ 1,658 $ 2,209 $ 4,625 Stock-based compensation expense is included within corporate general and administrative expenses on our Consolidated Statements of Operations. On January 2, 2024, we granted an aggregate of 201,150 service-based LTIP units and 193,993 performance-based LTIP units to members of management pursuant to the 2015 Equity Incentive Plan (the “2015 Plan” ). The service-based LTIP units vest on December 31, 2026 subject to the grantee's continued employment and the other terms of the awards. The performance-based LTIP units consisted of (i) 77,256 LTIP units that are subject to us achieving certain total shareholder return performance thresholds (on both an absolute and relative basis) and (ii) 116,737 LTIP units that are subject to us achieving certain operational performance hurdles, in each case through a performance period ending on December 31, 2026. The performance-based LTIP units will vest to the extent earned following the end of the performance period on December 31, 2026, conditioned on the board of directors approval. On January 19, 2024, we granted 69,419 performance-based LTIP units to members of management pursuant to the 2015 Plan that are subject to us achieving certain total shareholder return performance thresholds (on a relative basis) through a performance period ending on December 31, 2026. The performance-based LTIP units will vest to the extent earned following the end of the performance period on December 31, 2026 , conditioned on the board of directors approval. Pursuant to the 2015 Plan, the significant assumptions used to value the performance-based LTIP units using a Monte Carlo Simulation (risk -neutral approach) include expected volatility ( 24.0 %), dividend yield ( 6.6 % - 6.7 %), risk-free interest rate ( 4.1 %) and expected life ( 3 years ). On May 17, 2024, at our 2024 annual meeting of stockholders, the stockholders approved the Easterly Government Properties, Inc. 2024 Equity Incentive Plan (the “2024 Plan” ). The 2024 Plan replaced the 2015 Plan and no further awards will be granted under the 2015 Plan. The maximum number of shares of common stock reserved for issuance under the 2024 Plan is 3,600,000 . On June 14, 2024, in connection with our 2024 annual meeting of stockholders, we issued an aggregate of 35,623 shares of restricted stock and 13,601 LTIP units to our non-employee directors pursuant to the 2024 Plan. The LTIP units grants will vest upon the earlier of the anniversary of the date of the grant or the next annual stockholder meeting, so long as the grantee remains a director on such date. Pursuant to the 2024 Plan, the significant assumptions used to value the service-based LTIP units using a Monte Carlo Simulation (risk -neutral approach) include expected volatility ( 27.0 %), dividend yield ( 7.8 %), risk-free interest rate ( 5.2 %) and expected life ( 0.9 years). During the three months ended September 30, 2024, 206,307 LTIP units were forfeited in connection with an employee departure under the terms of the applicable award agreements.

Equity

Equity	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
Equity	10. Equity The following table summarizes the changes in our stockholders’ equity for the three months ended September 30, 2024 and 2023 (amounts in thousands, except share amounts): Shares Common Additional Retained Cumulative Accumulated Non- Total Three months ended September 30, 2024 Balance at June 30, 2024 103,034,602 $ 1,030 $ 1,810,678 $ 121,538 $ ( 630,738 ) $ 2,344 $ 67,622 $ 1,372,474 Stock based compensation, net — — 125 — — — ( 306 ) ( 181 ) Dividends and distributions paid 0.265 per share) — — — — ( 27,304 ) — ( 1,551 ) ( 28,855 ) Issuance of common stock, net 2,631,727 26 35,007 — — — — 35,033 Unrealized loss on interest rate swaps — — — — — ( 1,855 ) ( 97 ) ( 1,952 ) Net income — — — 4,863 — — 252 5,115 Allocation of non-controlling interest — — ( 539 ) — — — 539 — Balance at September 30, 2024 105,666,329 $ 1,056 $ 1,845,271 $ 126,401 $ ( 658,042 ) $ 489 $ 66,459 $ 1,381,634 Three months ended September 30, 2023 Balance at June 30, 2023 93,415,706 $ 934 $ 1,673,399 $ 102,491 $ ( 524,806 ) $ 4,518 $ 165,531 $ 1,422,067 Stock based compensation — — 134 — — — 1,524 1,658 Dividends and distributions paid 0.265 per share) — — — — ( 24,756 ) — ( 3,399 ) ( 28,155 ) Redemption of common units for shares of common stock 1,821 — 24 — — — ( 24 ) — Issuance of common stock, net 1,700,000 17 33,662 — — — — 33,679 Unrealized loss on interest rate — — — — — ( 88 ) ( 22 ) ( 110 ) Net income — — — 5,374 — — 707 6,081 Allocation of non-controlling interest — — ( 77 ) — — — 77 — Balance at September 30, 2023 95,117,527 $ 951 $ 1,707,142 $ 107,865 $ ( 549,562 ) $ 4,430 $ 164,394 $ 1,435,220 The following table summarizes the changes in our stockholders' equity for the nine months ended September 30, 2024 and 2023 (amounts in thousands, except share amounts): Shares Common Additional Retained Cumulative Accumulated Non- Total Nine months ended September 30, 2024 Balance at December 31, 2023 100,973,247 $ 1,010 $ 1,783,338 $ 112,301 $ ( 576,319 ) $ 1,871 $ 87,315 $ 1,409,516 Stock based compensation, net — — 325 — — — 1,883 2,208 Dividends and distributions paid 0.795 per share) — — — — ( 81,723 ) — ( 4,660 ) ( 86,383 ) Grant of unvested restricted stock 35,623 — — — — — — — Redemption of common units for 1,436,085 14 18,779 — — — ( 18,793 ) — Issuance of common stock, net 3,221,374 32 42,893 — — — — 42,925 Unrealized loss on interest rate swaps, net — — — — — ( 1,382 ) ( 99 ) ( 1,481 ) Net income — — — 14,100 — — 749 14,849 Allocation of non-controlling interest — — ( 64 ) — — — 64 — Balance at September 30, 2024 105,666,329 $ 1,056 $ 1,845,271 $ 126,401 $ ( 658,042 ) $ 489 $ 66,459 $ 1,381,634 Nine months ended September 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 — — 427 — — — 4,198 4,625 Dividends and distributions paid 0.795 per share) — — — — ( 73,579 ) — ( 10,195 ) ( 83,774 ) Grant of unvested restricted stock 32,486 — — — — — — — Redemption of common units for 12,020 — 164 — — — ( 164 ) — Issuance of common stock, net 4,259,000 43 85,868 — — — — 85,911 Contribution of property for — — — — — — 219 219 Unrealized gain on interest rate — — — — — 884 100 984 Net income — — — 14,368 — — 1,905 16,273 Allocation of non-controlling interest — — ( 2,230 ) — — — 2,230 — Balance at September 30, 2023 95,117,527 $ 951 $ 1,707,142 $ 107,865 $ ( 549,562 ) $ 4,430 $ 164,394 $ 1,435,220 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 2024 April 25, 2024 May 9, 2024 May 21, 2024 0.265 Q2 2024 July 17, 2024 August 1, 2024 August 13, 2024 0.265 Q3 2024 October 31, 2024 November 15, 2024 November 27, 2024 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. 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 nine months ended September 30, 2024 (amounts in thousands except share amounts): 2019 ATM Program For the three months ended Number of Shares Issued (1) Net Proceeds (1) March 31, 2024 — $ — June 30, 2024 589,647 7,903 September 30, 2024 2,631,727 35,077 Total 3,221,374 $ 42,980 (1) Shares issued by us, which were all issued in settlement of forward sale transactions. As of September 30, 2024, we had settled all of our outstanding forward sale transactions under the 2019 ATM Program. 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 nine months ended September 30, 2024. As of September 30, 2024, we had approximately $ 300.0 million of gross sales of our common stock available under the 2021 ATM Program and $ 43.9 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 nine months ended September 30, 2024 .

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Earnings Per Share	11. 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 nine months ended September 30, 2024 and 2023 (amounts in thousands, except per share amounts): For the three months ended September 30, For the nine months ended September 30, 2024 2023 2024 2023 Numerator Net income $ 5,115 $ 6,081 $ 14,849 $ 16,273 Less: Non-controlling interest in Operating Partnership ( 252 ) ( 707 ) ( 749 ) ( 1,905 ) Net income available to Easterly Government Properties, Inc. 4,863 5,374 14,100 14,368 Less: Dividends on participating securities ( 148 ) ( 151 ) ( 431 ) ( 450 ) Net income available to common stockholders $ 4,715 $ 5,223 $ 13,669 $ 13,918 Denominator for basic EPS 103,515,246 93,537,121 102,671,381 92,674,039 Dilutive effect of share-based compensation awards 16,233 14,363 19,190 18,483 Dilutive effect of LTIP units (1) 373,102 297,960 290,424 245,699 Denominator for diluted EPS 103,904,581 93,849,444 102,980,995 92,938,221 Basic EPS $ 0.05 $ 0.06 $ 0.13 $ 0.15 Diluted EPS $ 0.05 $ 0.06 $ 0.13 $ 0.15 (1) During both the three and nine months ended September 30, 2024, there were 326,926 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 nine months ended September 30, 2023, there were 387,010 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.

Leases

Leases	9 Months Ended
	Sep. 30, 2024
Leases [Abstract]
Leases	12. 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 19.4 years as of September 30, 2024), 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 table below sets forth our composition of lease revenue recognized between fixed and variable components (amounts in thousands): For the three months ended September 30, For the nine months ended September 30, 2024 2023 2024 2023 Fixed $ 67,474 $ 63,098 $ 199,959 $ 188,991 Variable 5,062 5,107 15,506 15,120 Rental income 72,536 68,205 215,465 204,111 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 September 30, 2024 , the unamortized balances associated with our right-of-use operating lease asset and operating lease liability were both $ 2.5 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 for the three and nine months ended September 30, 2024 and 2023 (amounts in thousands): For the three months ended September 30, For the nine months ended September 30, 2024 2023 2024 2023 Cash flows from operating lease costs $ 193 $ 175 $ 574 $ 436 In addition, the maturity of fixed lease payments under our commenced corporate office leases as of September 30, 2024 is summarized in the table below (amounts in thousands): Corporate office leases Payments due by period 2024 (1) 195 2025 793 2026 661 2027 368 2028 385 Thereafter 333 Total future minimum lease payments $ 2,735 Imputed interest ( 257 ) Total $ 2,478 (1) Represents the three months ending December 31, 2024 .

Revenue

Revenue	9 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenue	13. 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 nine months ended September 30, 2024 and 2023 (amounts in thousands): For the three months ended September 30, For the nine months ended September 30, Tenant 2024 2023 2024 2023 Department of Veteran Affairs (“VA”) $ 112 $ 1,589 $ 1,842 $ 4,221 Customs and Border Protection (“CBP”) 97 148 1,742 230 U.S. Joint Staff Command (“JSC”) 104 839 487 2,092 U.S. Citizenship and Immigration Services (“USCIS”) 244 26 286 56 Food and Drug Administration (“FDA”) — — 124 11 Federal Bureau of Investigation (“FBI”) 38 277 122 655 Internal Revenue Service (“IRS”) 89 — 89 4 The Judiciary of the U.S. Government (“JUD”) — 12 89 122 Environmental Protection Agency (“EPA”) 18 — 34 — National Weather Service (“NWS”) 25 — 25 — Department of Transportation (“DOT”) — — 17 136 Immigration and Customs Enforcement (“ICE”) 10 — 10 111 General Services Administration - Other — — 6 — Department of Homeland Security (“DHS”) 4 — 4 — U.S. Coast Guard (“USCG”) — 134 — 343 Federal Emergency Management Agency (“FEMA”) — — — 89 Bonneville Power Administration (“BPA”) — 2 — 16 National Archives and Records Administration (“NARA”) — — — 13 Department of Labor (“DOL”) — — — 3 $ 741 $ 3,027 $ 4,877 $ 8,102 As of September 30, 2024 and December 31, 2023 , the balance in Accounts receivable related to tenant construction projects and the associated project management income was $ 10.7 million and $ 9.6 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 September 30, 2024 with a duration of greater than one year. During the three and nine months ended September 30, 2024 , we recognized $ 0.1 million and $ 0.4 million, respectively, in parking garage income. During the three and nine months ended September 30, 2023 , we recognized $ 0.1 million and $ 0.3 million, respectively, in parking garage income. 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 September 30, 2024 and December 31, 2023 , the balance in Accounts receivable related to parking garage income was less than $ 0.1 million. There were no contract assets or liabilities as of September 30, 2024 or December 31, 2023 .

Concentrations Risk

Concentrations Risk	9 Months Ended
	Sep. 30, 2024
Risks and Uncertainties [Abstract]
Concentrations Risk	14. 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 September 30, 2024 , the U.S. Government accounted for approximately 96.4 % of our total annualized lease income, state and local government tenants accounted for approximately 1.1 % of our annualized lease income and non-governmental tenants accounted for the remaining approximately 2.5 %. Eighteen of our 95 wholly-owned and unconsolidated operating properties are located in California, accounting for approximately 14.9 % of our total leased square feet and approximately 19.3 % of our total annualized lease income as of September 30, 2024 . 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	9 Months Ended
	Sep. 30, 2024
Related Party Transactions [Abstract]
Related Parties	15. Related Parties We have reimbursement arrangements with entities controlled by our former Chairman, who was appointed Chief Executive Officer effective January 1, 2024, and Vice Chairman, which provide for reimbursement of costs paid on our behalf, or those we pay on their behalf. During the three and nine months ended September 30, 2024 , we were responsible for reimbursing costs of $ 0.5 million and $ 0.7 million, respectively, and received reimbursement for costs of less than $ 0.1 million and $ 0.1 million, respectively. During the three and nine months ended September 30, 2023 , we were responsible for reimbursing costs of $ 0.1 million and $ 0.3 million, respectively, and received reimbursement for costs of less than $ 0.1 million for both periods. We provide asset management services to properties owned by the JV. For the three and nine months ended September 30, 2024, we recognized Asset management income of $ 0.6 million and $ 1.7 million, respectively, and reimbursement for certain costs that we paid on their behalf of less than $ 0.1 million and $ 0.5 million, respectively. For the three and nine months ended September 30, 2023 , we recognized Asset management income of $ 0.5 million and $ 1.6 million, respectively, and reimbursement for certain costs that we paid on their behalf of less than $ 0.1 million and $ 0.3 million, respectively. As of September 30, 2024 , Accounts receivable from related parties was $ 0.4 million. As of September 30, 2024 , Accounts payable, accrued expenses and other liabilities owed to related parties was $ 0.3 million.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	16. Subsequent Events For our consolidated financial statements as of September 30, 2024, we evaluated subsequent events and noted the following significant events. On October 10, 2024, we acquired a 104,136 leased square foot Northrop Grumman facility in Aurora, Colorado with a 9 -year lease through February 2032 . Subsequent to September 30, 2024, we entered into forward sale transactions under the 2019 ATM Program for the sale of an additional 500,000 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 sale transactions no later than October 14, 2025. Assuming the forward sale transactions are physically settled in full utilizing a net weighted average initial forward sales price of $ 13.32 per share, we expect to receive net proceeds of approximately $ 6.7 million, after deducting offering costs, subject to adjustments in accordance with the applicable forward sale transaction.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Loan Receivable and Allowance for Credit Losses	Loan Receivable and Allowance for Credit Losses The measurement of expected credit losses under the CECL methodology is applicable to our financial assets measured at amortized cost, including loan receivables and certain off-balance sheet credit exposures such as unfunded loan commitments. We adopted this standard on January 1, 2020 and apply this methodology to our loan receivables and off-balance sheet credit exposure. To determine our expected credit losses under CECL, we utilize a probability of default (“PD”) and loss given default (“LGD”) methodology. We determined that we have one portfolio segment and reserve for loan losses on an asset-specific basis. We have a limited history of incurred losses and consequently have elected to employ external data to perform our CECL calculation. Our model’s inputs consider a default grade or industry relative default grade associated with the borrower and prospective tenant funding the development to determine an appropriate default risk and allowance for credit loss under the PD and LGD methodology. If a reserve is recorded, the allowance is increased as a provision for credit losses and is decreased by charge-offs when losses are confirmed through the receipt of assets such as cash or via ownership control of the underlying collateral in full. The allowance for loan losses reflects management's estimate of loan losses as of the balance sheet date.
Reclassifications	Reclassifications Provision for credit loss amounts previously classified within Corporate general and administrative have been reclassified to Provision for credit losses on our Consolidated Statements of Operations to conform with the current period presentation.
Recent Accounting Pronouncements Not Yet Adopted	Recent Accounting Pronouncements Not Yet Adopted In October 2023, the Financial Accounting Standards Board (“FASB”) issued ASU 2023-06, Disclosure Improvements: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative (“ASU 2023-06”). ASU 2023-06 adds interim and annual disclosure requirements to GAAP at the request of the Securities and Exchange Commission (the “SEC”). The guidance in ASU 2023-06 is required to be applied prospectively and the GAAP requirements will be effective when the removal of the related SEC disclosure requirements is effective. If the SEC does not act to remove its related requirement by June 30, 2027, any related FASB amendments will be removed from the ASC and will not be effective. We do not anticipate that the adoption of ASU 2023-06 will have a material impact on our consolidated financial statements. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. The standard is intended to enhance the transparency and decision usefulness of income tax disclosures through changes to the rate reconciliation and income taxes paid information. The new standard is effective for annual periods beginning after December 15, 2024. We do not anticipate that the adoption of ASU 2023-09 will have a material impact on our consolidated financial statements.

Real Estate and Intangibles (Ta

Real Estate and Intangibles (Tables)	9 Months Ended
	Sep. 30, 2024
Real Estate [Abstract]
Fair Values of Assets Acquired and Liabilities Assumed	We allocated the aggregate purchase price of these acquisitions based on the estimated fair values of the acquired assets and assumed liabilities as follows (amounts in thousands): Total Real estate Land $ 17,585 Building 33,740 Acquired tenant improvements 6,568 Total real estate 57,893 Intangible assets In-place leases 10,163 Acquired leasing commissions 3,438 Total intangible assets 13,601 Intangible liabilities Below-market leases ( 1,205 ) Total intangible liabilities ( 1,205 ) Purchase price $ 70,289
Schedule of Real Estate and Intangibles	Real estate and intangibles consisted of the following as of September 30, 2024 (amounts in thousands): Total Real estate properties, net Land $ 243,536 Building and improvements 2,410,103 Acquired tenant improvements 92,517 Construction in progress 158,068 Accumulated depreciation ( 446,968 ) Total Real estate properties, net 2,457,256 Assets held for sale Assets held for sale 2,002 Total Assets held for sale 2,002 Intangible assets, net In-place leases 290,765 Acquired leasing commissions 75,998 Above market leases 14,620 Payment in lieu of taxes 6,394 Accumulated amortization ( 241,573 ) Total Intangible assets, net 146,204 Intangible liabilities, net Below market leases ( 73,242 ) Accumulated amortization 61,875 Total Intangible liabilities, net ( 11,367 )
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 September 30, 2024 (amounts in thousands): Acquired Above-Market Lease Intangibles Acquired Below-Market Lease Intangibles 2024 (1) $ 274 $ ( 698 ) 2025 1,097 ( 2,487 ) 2026 1,096 ( 2,249 ) 2027 1,096 ( 2,024 ) 2028 725 ( 1,479 ) (1) Represents the three months ending December 31, 2024.

Investments in Unconsolidated_2

Investments in Unconsolidated Real Estate Venture (Tables)	9 Months Ended
	Sep. 30, 2024
Unconsolidated Real Estate Ventures [Abstract]
Summary of Investments in JV	The following is a summary of our investment in the JV (dollars in thousands): As of September 30, Joint Venture Ownership Interest 2024 MedBase Venture 53.0 % $ 315,886

Real Estate Loan Receivable (Ta

Real Estate Loan Receivable (Tables)	9 Months Ended
	Sep. 30, 2024
Receivables [Abstract]
Summary of Real Estate Loan Receivable	A summary of our real estate loan receivable consisted of the following (in thousands): September 30, 2024 December 31, 2023 Real estate loan receivable $ 31,931 $ — Allowance for credit losses ( 1,242 ) — Real estate loan receivable, net $ 30,689 $ —

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Summary of Borrowings	At September 30, 2024, our consolidated borrowings consisted of the following (amounts in thousands): Principal Outstanding Interest Current Loan September 30, 2024 Rate (1) Maturity Revolving credit facility: 2024 revolving credit facility (2) $ 149,550 SOFR + 145 bps (3) June 2028 (4) Total revolving credit facility 149,550 Term loan facilities: 2016 term loan facility 100,000 5.63 % (5) January 2025 2018 term loan facility 174,500 5.23 % (6) July 2026 Total term loan facilities 274,500 Less: Total unamortized deferred financing fees ( 649 ) Total term loan facilities, net 273,851 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 2024 series A senior notes 150,000 6.56 % May 2033 2024 series B senior notes 50,000 6.56 % August 2033 Total notes payable 900,000 Less: Total unamortized deferred financing fees ( 5,477 ) Total notes payable, net 894,523 Mortgage notes payable: USFS II – Albuquerque 10,137 4.46 % (7) July 2026 ICE – Charleston 10,874 4.21 % (7) January 2027 VA – Loma Linda 127,500 3.59 % (7) July 2027 CBP – Savannah 8,902 3.40 % (7) July 2033 Total mortgage notes payable 157,413 Less: Total unamortized deferred financing fees ( 634 ) Less: Total unamortized premium/discount ( 126 ) Total mortgage notes payable, net 156,653 Total debt $ 1,474,577 (1) 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. (2) Our $ 400.0 million senior unsecured 2024 revolving credit facility (the “2024 revolving credit facility”) had available capacity of $ 250.3 million at September 30, 2024 which includes an accordion feature that provides us with additional capacity of up to $ 300.0 million, subject to syndication of the increase and the satisfaction of customary terms and conditions. (3) Our 2024 revolving credit facility is subject to one interest rate swap with an effective date of June 23, 2023 and a notional value of $ 100.0 million, of which $ 25.5 million is associated with our 2024 revolving credit facility, to effectively fix the interest rate at 5.46 % annually. The spread over the secured overnight financing rate (“SOFR”) is based on our consolidated leverage ratio, as defined in our 2024 revolving credit facility agreement. Additionally, at September 30, 2024 , $ 124.1 million of amounts outstanding under our 2024 revolving credit facility had a floating rate of 4.83 % under USD SOFR with a five day lookback. (4) Our 2024 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 2016 term loan facility (our “2016 term loan facility”) is subject to one interest rate swap with an effective date of June 23, 2023 and a notional value of $ 100.0 million, which effectively fixes the interest rate at 5.63 % annually. The spread over SOFR is based on our consolidated leverage ratio, as defined in our 2016 term loan facility agreement . (6) Our 2018 term loan facility (as amended, our “2018 term loan facility”) is subject to two interest rate swaps with an effective date of June 23 and September 29, 2023 and an aggregate notional value of $ 200.0 million, of which $ 174.5 million is associated with our 2018 term loan facility, to effectively fix the interest rate at 5.23 % annually. The spread over SOFR is based on our consolidated leverage ratio, as defined in our 2018 term loan facility agreement. (7) Effective interest rates are as follows: USFS II – Albuquerque 3.92 %, ICE – Charleston 3.93 %, VA – Loma Linda 3.78 %, CBP – Savannah 4.12 %.

Derivatives and Hedging Activ_2

Derivatives and Hedging Activities (Tables)	9 Months Ended
	Sep. 30, 2024
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 September 30, 2024. We entered into these interest rate swap derivatives to reduce our exposure to the variability in future cash flows attributable to changes in our floating rate debt (amounts in thousands): Notional Amount Fixed Rate Floating Rate Index Effective Date Expiration Date Fair Value $ 100,000 4.01 % USD-SOFR with -5 Day Lookback June 23, 2023 March 23, 2025 $ 153 $ 100,000 4.18 % USD-SOFR with -5 Day Lookback June 23, 2023 December 23, 2024 $ 116 $ 100,000 3.70 % USD-SOFR with -5 Day Lookback September 29, 2023 June 29, 2025 $ 245
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 Sheets (amounts in thousands): Balance Sheet Line Item As of September 30, 2024 Interest rate swaps $ 514
Schedule of Effects of Our Interest Rate Derivatives on Our Consolidated Statements of Operations and Comprehensive Income (Loss)	The table below presents the effects of our interest rate derivatives on our Consolidated Statements of Operations and Comprehensive Income (Loss) (amounts in thousands): For the three months ended September 30, For the nine months ended September 30, 2024 2023 2024 2023 Unrealized gain (loss) recognized in AOCI $ ( 917 ) $ 1,443 $ 1,614 $ 5,778 Gain reclassified from AOCI into interest expense 1,035 1,553 3,095 4,794

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2024
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 (excluding our real estate loan receivable) and accounts payable and accrued expenses are reasonable estimates of fair values because of the short maturities of these instruments. The fair value of our real estate loan receivable, as disclosed in Note 5, is based on the discounted estimated future cash flows of the loan (categorized within Level 3 of the fair value hierarchy); the discount rates used approximate current market rates for loans with similar maturities and credit quality, and the estimated cash payments include scheduled principal and interest payments. The table below presents our assets measured at fair value on a recurring basis as of September 30, 2024, aggregated by the level in the fair value hierarchy within which those measurements fall (amounts in thousands): As of September 30, 2024 Balance Sheet Line Item Level 1 Level 2 Level 3 Interest rate swaps $ — $ 514 $ —
Schedule of Fair Value Financial Assets And Liabilities Not measured At Fair Value	As of September 30, 2024, 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 September 30, 2024 Financial liabilities Carrying Amount (1) Fair Value (2) 2024 revolving credit facility $ 149,550 $ 149,550 2016 term loan facility $ 100,000 $ 100,000 2018 term loan facility $ 174,500 $ 174,500 Notes payable $ 900,000 $ 847,296 Mortgages payable $ 157,413 $ 149,066 (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 Plan (Tables)

Equity Incentive Plan (Tables)	9 Months Ended
	Sep. 30, 2024
Summary of Stock-based Compensation Expense	The following is a summary of our stock-based compensation expense for the three and nine months ended September 30, 2024 and 2023, respectively: For the three months ended September 30, For the nine months ended September 30, 2024 2023 2024 2023 Stock-based compensation expense, net (recovery) $ ( 180 ) $ 1,658 $ 2,209 $ 4,625

Equity (Tables)

Equity (Tables)	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
Summary of Changes In Stockholders' Equity	The following table summarizes the changes in our stockholders’ equity for the three months ended September 30, 2024 and 2023 (amounts in thousands, except share amounts): Shares Common Additional Retained Cumulative Accumulated Non- Total Three months ended September 30, 2024 Balance at June 30, 2024 103,034,602 $ 1,030 $ 1,810,678 $ 121,538 $ ( 630,738 ) $ 2,344 $ 67,622 $ 1,372,474 Stock based compensation, net — — 125 — — — ( 306 ) ( 181 ) Dividends and distributions paid 0.265 per share) — — — — ( 27,304 ) — ( 1,551 ) ( 28,855 ) Issuance of common stock, net 2,631,727 26 35,007 — — — — 35,033 Unrealized loss on interest rate swaps — — — — — ( 1,855 ) ( 97 ) ( 1,952 ) Net income — — — 4,863 — — 252 5,115 Allocation of non-controlling interest — — ( 539 ) — — — 539 — Balance at September 30, 2024 105,666,329 $ 1,056 $ 1,845,271 $ 126,401 $ ( 658,042 ) $ 489 $ 66,459 $ 1,381,634 Three months ended September 30, 2023 Balance at June 30, 2023 93,415,706 $ 934 $ 1,673,399 $ 102,491 $ ( 524,806 ) $ 4,518 $ 165,531 $ 1,422,067 Stock based compensation — — 134 — — — 1,524 1,658 Dividends and distributions paid 0.265 per share) — — — — ( 24,756 ) — ( 3,399 ) ( 28,155 ) Redemption of common units for shares of common stock 1,821 — 24 — — — ( 24 ) — Issuance of common stock, net 1,700,000 17 33,662 — — — — 33,679 Unrealized loss on interest rate — — — — — ( 88 ) ( 22 ) ( 110 ) Net income — — — 5,374 — — 707 6,081 Allocation of non-controlling interest — — ( 77 ) — — — 77 — Balance at September 30, 2023 95,117,527 $ 951 $ 1,707,142 $ 107,865 $ ( 549,562 ) $ 4,430 $ 164,394 $ 1,435,220 The following table summarizes the changes in our stockholders' equity for the nine months ended September 30, 2024 and 2023 (amounts in thousands, except share amounts): Shares Common Additional Retained Cumulative Accumulated Non- Total Nine months ended September 30, 2024 Balance at December 31, 2023 100,973,247 $ 1,010 $ 1,783,338 $ 112,301 $ ( 576,319 ) $ 1,871 $ 87,315 $ 1,409,516 Stock based compensation, net — — 325 — — — 1,883 2,208 Dividends and distributions paid 0.795 per share) — — — — ( 81,723 ) — ( 4,660 ) ( 86,383 ) Grant of unvested restricted stock 35,623 — — — — — — — Redemption of common units for 1,436,085 14 18,779 — — — ( 18,793 ) — Issuance of common stock, net 3,221,374 32 42,893 — — — — 42,925 Unrealized loss on interest rate swaps, net — — — — — ( 1,382 ) ( 99 ) ( 1,481 ) Net income — — — 14,100 — — 749 14,849 Allocation of non-controlling interest — — ( 64 ) — — — 64 — Balance at September 30, 2024 105,666,329 $ 1,056 $ 1,845,271 $ 126,401 $ ( 658,042 ) $ 489 $ 66,459 $ 1,381,634 Nine months ended September 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 — — 427 — — — 4,198 4,625 Dividends and distributions paid 0.795 per share) — — — — ( 73,579 ) — ( 10,195 ) ( 83,774 ) Grant of unvested restricted stock 32,486 — — — — — — — Redemption of common units for 12,020 — 164 — — — ( 164 ) — Issuance of common stock, net 4,259,000 43 85,868 — — — — 85,911 Contribution of property for — — — — — — 219 219 Unrealized gain on interest rate — — — — — 884 100 984 Net income — — — 14,368 — — 1,905 16,273 Allocation of non-controlling interest — — ( 2,230 ) — — — 2,230 — Balance at September 30, 2023 95,117,527 $ 951 $ 1,707,142 $ 107,865 $ ( 549,562 ) $ 4,430 $ 164,394 $ 1,435,220
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 2024 April 25, 2024 May 9, 2024 May 21, 2024 0.265 Q2 2024 July 17, 2024 August 1, 2024 August 13, 2024 0.265 Q3 2024 October 31, 2024 November 15, 2024 November 27, 2024 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 nine months ended September 30, 2024 (amounts in thousands except share amounts): 2019 ATM Program For the three months ended Number of Shares Issued (1) Net Proceeds (1) March 31, 2024 — $ — June 30, 2024 589,647 7,903 September 30, 2024 2,631,727 35,077 Total 3,221,374 $ 42,980 (1) Shares issued by us, which were all issued in settlement of forward sale transactions. As of September 30, 2024, we had settled all of our outstanding forward sale transactions under the 2019 ATM Program. We accounted for the forward sale transactions as equity.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2024
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 nine months ended September 30, 2024 and 2023 (amounts in thousands, except per share amounts): For the three months ended September 30, For the nine months ended September 30, 2024 2023 2024 2023 Numerator Net income $ 5,115 $ 6,081 $ 14,849 $ 16,273 Less: Non-controlling interest in Operating Partnership ( 252 ) ( 707 ) ( 749 ) ( 1,905 ) Net income available to Easterly Government Properties, Inc. 4,863 5,374 14,100 14,368 Less: Dividends on participating securities ( 148 ) ( 151 ) ( 431 ) ( 450 ) Net income available to common stockholders $ 4,715 $ 5,223 $ 13,669 $ 13,918 Denominator for basic EPS 103,515,246 93,537,121 102,671,381 92,674,039 Dilutive effect of share-based compensation awards 16,233 14,363 19,190 18,483 Dilutive effect of LTIP units (1) 373,102 297,960 290,424 245,699 Denominator for diluted EPS 103,904,581 93,849,444 102,980,995 92,938,221 Basic EPS $ 0.05 $ 0.06 $ 0.13 $ 0.15 Diluted EPS $ 0.05 $ 0.06 $ 0.13 $ 0.15 (1) During both the three and nine months ended September 30, 2024, there were 326,926 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 nine months ended September 30, 2023, there were 387,010 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.

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2024
Leases [Abstract]
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 September 30, For the nine months ended September 30, 2024 2023 2024 2023 Fixed $ 67,474 $ 63,098 $ 199,959 $ 188,991 Variable 5,062 5,107 15,506 15,120 Rental income 72,536 68,205 215,465 204,111
Schedule of Quantitative Information for Our Operating Leases	The following table provides quantitative information for our commenced operating leases for the three and nine months ended September 30, 2024 and 2023 (amounts in thousands): For the three months ended September 30, For the nine months ended September 30, 2024 2023 2024 2023 Cash flows from operating lease costs $ 193 $ 175 $ 574 $ 436
Schedule of Maturity of Fixed Lease Payments Under Our Corporate Office Leases	In addition, the maturity of fixed lease payments under our commenced corporate office leases as of September 30, 2024 is summarized in the table below (amounts in thousands): Corporate office leases Payments due by period 2024 (1) 195 2025 793 2026 661 2027 368 2028 385 Thereafter 333 Total future minimum lease payments $ 2,735 Imputed interest ( 257 ) Total $ 2,478 (1) Represents the three months ending December 31, 2024 .

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Sep. 30, 2024
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 nine months ended September 30, 2024 and 2023 (amounts in thousands): For the three months ended September 30, For the nine months ended September 30, Tenant 2024 2023 2024 2023 Department of Veteran Affairs (“VA”) $ 112 $ 1,589 $ 1,842 $ 4,221 Customs and Border Protection (“CBP”) 97 148 1,742 230 U.S. Joint Staff Command (“JSC”) 104 839 487 2,092 U.S. Citizenship and Immigration Services (“USCIS”) 244 26 286 56 Food and Drug Administration (“FDA”) — — 124 11 Federal Bureau of Investigation (“FBI”) 38 277 122 655 Internal Revenue Service (“IRS”) 89 — 89 4 The Judiciary of the U.S. Government (“JUD”) — 12 89 122 Environmental Protection Agency (“EPA”) 18 — 34 — National Weather Service (“NWS”) 25 — 25 — Department of Transportation (“DOT”) — — 17 136 Immigration and Customs Enforcement (“ICE”) 10 — 10 111 General Services Administration - Other — — 6 — Department of Homeland Security (“DHS”) 4 — 4 — U.S. Coast Guard (“USCG”) — 134 — 343 Federal Emergency Management Agency (“FEMA”) — — — 89 Bonneville Power Administration (“BPA”) — 2 — 16 National Archives and Records Administration (“NARA”) — — — 13 Department of Labor (“DOL”) — — — 3 $ 741 $ 3,027 $ 4,877 $ 8,102

Organization and Basis of Pre_2

Organization and Basis of Presentation - Additional Information (Detail) ft² in Millions	9 Months Ended
	Sep. 30, 2024 ft² Property
Easterly Government Properties LP [Member]
Organization And Significant Accounting Policies [Line Items]
Outstanding common units of aggregate limited partnership interest owned percentage	95.20%
Joint Venture [Member]
Organization And Significant Accounting Policies [Line Items]
Number of properties	10
Wholly Owned Operating Properties [Member]
Organization And Significant Accounting Policies [Line Items]
Number of properties	85
Leased percentage of operating properties	97%
Aggregate area of land | ft²	9.3
Wholly Owned Operating Properties [Member] | Government [Member]
Organization And Significant Accounting Policies [Line Items]
Number of properties	92
Wholly Owned Operating Properties [Member] | Private Tenants [Member]
Organization And Significant Accounting Policies [Line Items]
Number of properties	2
Wholly Owned Operating Properties Entirely Leased [Member] | Government [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	2
Aggregate area of land | ft²	0.2

Real Estate and Intangibles - A

Real Estate and Intangibles - Additional Information (Detail) $ in Thousands		3 Months Ended		9 Months Ended
	Oct. 03, 2024 USD ($)	Sep. 30, 2024 USD ($) Land Property	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) Land Property	Sep. 30, 2023 USD ($)	Jul. 31, 2024 USD ($)
Real Estate Properties [Line Items]
Revenues		$ 74,781	$ 72,014	$ 223,802	$ 214,607
Net income		4,863	5,374	14,100	14,368
Acquisition-related expenses		600	$ 321	1,427	$ 1,226
Assets held for sale		2,002		2,002
Land [Member] | Lincoln, Nebraska [Member]
Real Estate Properties [Line Items]
Consideration received						$ 2,300
Assets held for sale		$ 2,000		$ 2,000
Land [Member] | Lincoln, Nebraska [Member] | Subsequent Event [Member]
Real Estate Properties [Line Items]
Gross sales price	$ 2,300
Operating Properties Acquired [Member]
Real Estate Properties [Line Items]
Number of properties | Property		0		0
Weighted average amortization period				10 years 8 months 12 days
Revenues				$ 3,200
Net income				1,300
Acquisition-related expenses		$ 600		$ 1,400
ICE - Dallas, ICE - Orlando, HSI - Orlando, and Northrop Grumman - Dayton [Member] | Operating Properties and Land Parcel Acquired [Member]
Real Estate Properties [Line Items]
Number of properties | Property		4		4
Aggregate purchase price		$ 70,300		$ 70,300
JUD - Flagstaff [Member] | Operating Properties and Land Parcel Acquired [Member]
Real Estate Properties [Line Items]
Number of land parcel acquired | Land		1		1

Real Estate and Intangibles - F

Real Estate and Intangibles - Fair Values of Assets Acquired and Liabilities Assumed (Detail) - ICE - Dallas, ICE - Orlando, HSI - Orlando, and Northrop Grumman - Dayton [Member] - Operating Properties and Land Parcel Acquired [Member] $ in Thousands	Sep. 30, 2024 USD ($)
Business Acquisition [Line Items]
Land	$ 17,585
Building	33,740
Acquired tenant improvements	$ 6,568
Investment, Type [Extensible Enumeration]	us-gaap:RealEstateInvestmentMember
Total real estate	$ 57,893
Total intangible assets	13,601
Total intangible liabilities	(1,205)
Purchase price	70,289
In-place Leases [Member]
Business Acquisition [Line Items]
Total intangible assets	10,163
Acquired Leasing Commissions [Member]
Business Acquisition [Line Items]
Total intangible assets	3,438
Below-market Leases [Member]
Business Acquisition [Line Items]
Total intangible liabilities	$ (1,205)

Real Estate and Intangibles - S

Real Estate and Intangibles - Schedule of Real Estate and Intangibles (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Real estate properties, net
Land	$ 243,536
Building and improvements	2,410,103
Acquired tenant improvements	92,517
Construction in progress	158,068
Accumulated depreciation	(446,968)
Total Real estate properties, net	2,457,256	$ 2,319,143
Assets held for sale
Assets held for sale	2,002
Total Assets held for sale	2,002
Intangible assets, net
Accumulated amortization	(241,573)
Total Intangible assets, net	146,204
Intangible liabilities, net
Intangible Liabilities, Below market leases	(73,242)
Intangible Liabilities, Accumulated amortization	61,875
Total Intangible liabilities, net	(11,367)
Leases, Acquired-in-Place [Member]
Intangible assets, net
Above market leases	290,765
Acquired Leasing Commissions [Member]
Intangible assets, net
Above market leases	75,998
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 - Schedule of Real Estate and Intangibles (Parenthetical) (Details) $ in Thousands	Sep. 30, 2024 USD ($)
Real Estate Properties [Line Items]
Assets held for sale	$ 2,002
Land [Member] | Lincoln, Nebraska [Member]
Real Estate Properties [Line Items]
Assets held for sale	$ 2,000

Real Estate and Intangibles -_3

Real Estate and Intangibles - Summary of Scheduled Amortization Market Lease Intangibles (Detail) $ in Thousands	Sep. 30, 2024 USD ($)
Acquired Above-Market Lease Intangibles
2024	$ 274	[1]
2025	1,097
2026	1,096
2027	1,096
2028	725
Acquired Below-Market Lease Intangibles
2024	(698)	[1]
2025	(2,487)
2026	(2,249)
2027	(2,024)
2028	$ (1,479)
[1] Represents the three months ending December 31, 2024.

Investments in Unconsolidated_3

Investments in Unconsolidated Real Estate Venture - Summary of Investments in JV (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Related Party Transaction [Line Items]
Investment in unconsolidated real estate venture	$ 315,886	$ 284,544
MedBase Venture [Member]
Related Party Transaction [Line Items]
Effective Ownership Interest	53%
Investment in unconsolidated real estate venture	$ 315,886

Investments in Unconsolidated_4

Investments in Unconsolidated Real Estate Venture - Additional Information (Details) - JV [Member] $ in Millions	Sep. 30, 2024 USD ($) Property	Oct. 13, 2021 ft² Property
VA Portfolio [Member]
Unconsolidated Real Estate Venture [Line Items]
Number of properties | Property	10	10
Area of properties acquired | ft²		1,214,165
VA - Jacksonville
Unconsolidated Real Estate Venture [Line Items]
Aggregate purchase price | $	$ 77.4
Global Investor [Member]
Unconsolidated Real Estate Venture [Line Items]
Effective Ownership Interest		53%

Real Estate Loan Receivable - A

Real Estate Loan Receivable - Additional Information (Detail) - USD ($)		3 Months Ended		9 Months Ended
	Aug. 06, 2024	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Construction loan agreement maximum lending capacity	$ 52,100,000
Construction loan monthly interest fixed rate	9%
Construction loan payment description				The construction loan shall be re-paid in full on or before August 31, 2027, the maturity date.
Construction loan maturity date	Aug. 31, 2027
Real Estate Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest income		$ 400,000	$ 0	$ 400,000	$ 0
Allowance for credit losses		1,242,000		1,242,000
Fair value of receivable		32,400,000		32,400,000
Construction Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses		$ 200,000		$ 200,000

Real Estate Loan Receivable - S

Real Estate Loan Receivable - Summary of Real Estate Loan Receivable (Detail) $ in Thousands	Sep. 30, 2024 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Real estate loan receivable, net	$ 30,689
Real Estate Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Real estate loan receivable	31,931
Allowance for credit losses	(1,242)
Real estate loan receivable, net	$ 30,689

Debt - Summary of Borrowings (D

Debt - Summary of Borrowings (Detail) - USD ($) $ in Thousands		9 Months Ended
		Sep. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Total revolving credit facility, Principal Outstanding		$ 149,550	$ 79,000
Total term loan facilities, net, Principal Outstanding		273,851	299,108
Total notes payable, net, Principal Outstanding		894,523	696,532
Total mortgage notes payable, net, Principal Outstanding		156,653	$ 220,195
Total debt, Principal Outstanding		1,474,577
Notes Payable [Member]
Debt Instrument [Line Items]
Loan, Principal Outstanding		900,000
Less: Total unamortized deferred financing fees		(5,477)
Mortgage Notes Payable [Member]
Debt Instrument [Line Items]
Loan, Principal Outstanding		157,413
Less: Total unamortized deferred financing fees		(634)
Less: Total unamortized premium/discount		(126)
Mortgage Notes Payable [Member] | USFS II Albuquerque [Member]
Debt Instrument [Line Items]
Loan, Principal Outstanding		$ 10,137
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		$ 10,874
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		$ 8,902
Loan, Interest Rate	[1],[2]	3.40%
Loan, Current Maturity		2033-07
2016 Term Loan Facility [Member]
Debt Instrument [Line Items]
Loan, Principal Outstanding		$ 100,000
Loan, Interest Rate	[2],[3]	5.63%
Loan, Current Maturity		2025-01
2018 Term Loan Facility [Member]
Debt Instrument [Line Items]
Loan, Principal Outstanding		$ 174,500
Loan, Interest Rate	[2],[4]	5.23%
Loan, Current Maturity		2026-07
Term Loan Facility [Member]
Debt Instrument [Line Items]
Loan, Principal Outstanding		$ 274,500
Less: Total unamortized deferred financing fees		(649)
Total term loan facilities, net, Principal Outstanding		$ 273,851
2017 series A senior notes [Member]
Debt Instrument [Line Items]
Loan, Interest Rate	[2]	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	[2]	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	[2]	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	[2]	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	[2]	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	[2]	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	[2]	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	[2]	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
2024 Series A Senior Notes [Member]
Debt Instrument [Line Items]
Loan, Interest Rate	[2]	6.56%
Loan, Current Maturity		2033-05
2024 Series A Senior Notes [Member] | Senior Unsecured Notes Payable
Debt Instrument [Line Items]
Loan, Principal Outstanding		$ 150,000
2024 Series B Senior Notes [Member]
Debt Instrument [Line Items]
Loan, Interest Rate	[2]	6.56%
Loan, Current Maturity		2033-08
2024 Series B Senior Notes [Member] | Senior Unsecured Notes Payable
Debt Instrument [Line Items]
Loan, Principal Outstanding		$ 50,000
2024 Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Total revolving credit facility, Principal Outstanding	[5]	$ 149,550
Loan, Interest Rate	[2],[5],[6]	SOFR + 145 bps
Loan, Current Maturity	[5],[7]	2028-06
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Total revolving credit facility, Principal Outstanding		$ 149,550
[1] Effective interest rates are as follows: USFS II – Albuquerque 3.92 %, ICE – Charleston 3.93 %, VA – Loma Linda 3.78 %, CBP – Savannah 4.12 %. 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. Our 2016 term loan facility (our “2016 term loan facility”) is subject to one interest rate swap with an effective date of June 23, 2023 and a notional value of $ 100.0 million, which effectively fixes the interest rate at 5.63 % annually. The spread over SOFR is based on our consolidated leverage ratio, as defined in our 2016 term loan facility agreement Our 2018 term loan facility (as amended, our “2018 term loan facility”) is subject to two interest rate swaps with an effective date of June 23 and September 29, 2023 and an aggregate notional value of $ 200.0 million, of which $ 174.5 million is associated with our 2018 term loan facility, to effectively fix the interest rate at 5.23 % annually. The spread over SOFR is based on our consolidated leverage ratio, as defined in our 2018 term loan facility agreement. Our $ 400.0 million senior unsecured 2024 revolving credit facility (the “2024 revolving credit facility”) had available capacity of $ 250.3 million at September 30, 2024 which includes an accordion feature that provides us with additional capacity of up to $ 300.0 million, subject to syndication of the increase and the satisfaction of customary terms and conditions. Our 2024 revolving credit facility is subject to one interest rate swap with an effective date of June 23, 2023 and a notional value of $ 100.0 million, of which $ 25.5 million is associated with our 2024 revolving credit facility, to effectively fix the interest rate at 5.46 % annually. The spread over the secured overnight financing rate (“SOFR”) is based on our consolidated leverage ratio, as defined in our 2024 revolving credit facility agreement. Additionally, at September 30, 2024 , $ 124.1 million of amounts outstanding under our 2024 revolving credit facility had a floating rate of 4.83 % under USD SOFR with a five day lookback. Our 2024 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)	9 Months Ended
	Sep. 30, 2024 USD ($) Swap	Jun. 23, 2023 USD ($) Swap
Interest Rate Swaps [Member]
Debt Instrument [Line Items]
Aggregate notional value of interest rate swaps	$ 200,000,000	$ 100,000,000
2018 Term Loan Facility [Member]
Debt Instrument [Line Items]
Loan, Principal Outstanding	$ 174,500,000
2018 Term Loan Facility [Member] | Interest Rate Swaps [Member]
Debt Instrument [Line Items]
Number of forward interest rate swaps | Swap	2
Aggregate notional value of interest rate swaps	$ 174,500,000
Forward swaps interest rate	5.23%
2018 Term Loan Facility [Member] | Interest Rate Swap1 [Member]
Debt Instrument [Line Items]
Forward swaps effective date	Jun. 23, 2023
2018 Term Loan Facility [Member] | Interest Rate Swap2 [Member]
Debt Instrument [Line Items]
Forward swaps effective date	Sep. 29, 2023
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	1
Forward swaps effective date	Jun. 23, 2023
Aggregate notional value of interest rate swaps	$ 100,000,000
Forward swaps interest rate	5.63%
2024 Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Amount available under revolving credit facility	$ 250,300,000
Credit facility additional maximum borrowing capacity	$ 300,000,000
Line of Credit Facility, Description	2024 revolving credit facility has two six-month as-of-right extension options subject to certain conditions and the payment of an extension fee
2024 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		$ 25,500,000
Forward swaps interest rate		5.46%
Senior Unsecured Notes [Member] | 2024 Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Loan, Principal Outstanding	$ 400,000,000
Mortgage Notes Payable [Member]
Debt Instrument [Line Items]
Loan, Principal Outstanding	157,413,000
Mortgage Notes Payable [Member] | CBP Savannah [Member]
Debt Instrument [Line Items]
Loan, Principal Outstanding	$ 8,902,000
Effective interest rate	4.12%
Mortgage Notes Payable [Member] | ICE Charleston [Member]
Debt Instrument [Line Items]
Loan, Principal Outstanding	$ 10,874,000
Effective interest rate	3.93%
Mortgage Notes Payable [Member] | USFS II Albuquerque [Member]
Debt Instrument [Line Items]
Loan, Principal Outstanding	$ 10,137,000
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%
SOFR [Member] | 2024 Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Effective interest rate	1%
5.33% Under USD Term SOFR [Member] | Interest Rate Swaps [Member]
Debt Instrument [Line Items]
Revolving credit facility outstanding	$ 124,100,000
5.31% Under USD Term SOFR [Member] | 2024 Revolving Credit Facility [Member] | Interest Rate Swaps [Member]
Debt Instrument [Line Items]
Floating interest rate	4.83%

Debt - Additional Information (

Debt - Additional Information (Detail)						9 Months Ended
	Aug. 06, 2024 USD ($)	Jul. 08, 2024 USD ($)	Jun. 03, 2024 USD ($)	May 29, 2024 USD ($)	Apr. 01, 2024 USD ($)	Sep. 30, 2024 USD ($) Swap	Sep. 30, 2023 USD ($)	Jun. 23, 2023 USD ($) Swap
Debt Instrument [Line Items]
Net carrying value of real estate collateralizing the mortgage						$ 218,300,000
Mortgage note obligation						63,183,000	$ 18,912,000
Term loan repayments						25,500,000
Interest Expense [Member]
Debt Instrument [Line Items]
Loss on debt extinguishment						300,000
Interest Rate Swaps [Member]
Debt Instrument [Line Items]
Aggregate notional value of interest rate swaps						200,000,000		$ 100,000,000
VA Golden [Member]
Debt Instrument [Line Items]
Mortgage note obligation					$ 8,400,000
USCIS - Kansas City [Member]
Debt Instrument [Line Items]
Mortgage note obligation	$ 51,500,000
2024 Senior Note Agreement [Member] | Senior Notes [Member] | Operating Partnership [Member] | Maximum [Member]
Debt Instrument [Line Items]
Senior unsecured notes				$ 200,000,000
2024 Senior Note Agreement [Member] | Series A Senior Notes [Member] | Operating Partnership [Member]
Debt Instrument [Line Items]
Senior notes, interest rate				6.56%
Senior notes, maturity date				May 29, 2033
Senior notes, aggregate principal amount				$ 150,000,000
Senior notes, issuance date				May 29, 2024
2024 Senior Note Agreement [Member] | Series B Senior Notes [Member] | Operating Partnership [Member]
Debt Instrument [Line Items]
Senior notes, interest rate				6.56%
Senior notes, maturity date				Aug. 14, 2033
Senior notes, aggregate principal amount				$ 50,000,000
Senior notes, issuance date				Aug. 14, 2024
2018 Term Loan Facility [Member]
Debt Instrument [Line Items]
Loan, principal outstanding						$ 174,500,000
Term loan repayments		$ 500,000
2018 Term Loan Facility [Member] | Interest Rate Swaps [Member]
Debt Instrument [Line Items]
Number of forward interest rate swaps | Swap						2
Aggregate notional value of interest rate swaps						$ 174,500,000
Term Loan Facilities [Member]
Debt Instrument [Line Items]
Loan, principal outstanding						$ 274,500,000
Amounts outstanding under credit/loan facility			$ 25,000,000
2024 Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Description						2024 revolving credit facility has two six-month as-of-right extension options subject to certain conditions and the payment of an extension fee
Amount available under revolving credit facility						$ 250,300,000
2024 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								$ 25,500,000
2024 Revolving Credit Facility [Member] | SOFR [Member]
Debt Instrument [Line Items]
Effective interest rate						1%
2024 Revolving Credit Facility [Member] | SOFR [Member] | Minimum [Member]
Debt Instrument [Line Items]
Effective interest rate						0.20%
2024 Revolving Credit Facility [Member] | SOFR [Member] | Maximum [Member]
Debt Instrument [Line Items]
Effective interest rate						0.80%
2024 Revolving Credit Facility [Member] | Adjusted DSS [Member]
Debt Instrument [Line Items]
Loan, interest rate						0.10%
2024 Revolving Credit Facility [Member] | Term SOFR [Member]
Debt Instrument [Line Items]
Loan, interest rate						0.10%
2024 Revolving Credit Facility [Member] | Adjusted DSS or Term SOFR [Member] | Minimum [Member]
Debt Instrument [Line Items]
Effective interest rate						1.20%
2024 Revolving Credit Facility [Member] | Adjusted DSS or Term SOFR [Member] | Maximum [Member]
Debt Instrument [Line Items]
Effective interest rate						1.80%
2024 Revolving Credit Facility [Member] | Senior Unsecured Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity			$ 400,000,000
Debt instrument term			4 years
Debt instrument maturity			2028-06
Line of Credit Facility, Description						The 2024 revolving credit facility has an initial four-year term and will mature in June 2028, with two six-month as-of-right extension options, subject to certain conditions and the payment of an extension fee.
2024 Revolving Credit Facility [Member] | Senior Unsecured Revolving Credit Facility [Member] | Maximum [Member]
Debt Instrument [Line Items]
Increase in borrowing capacity			$ 300,000,000
2024 Revolving Credit Facility [Member] | Senior Unsecured Notes [Member]
Debt Instrument [Line Items]
Loan, principal outstanding						$ 400,000,000
2024 Revolving Credit Facility [Member] | Federal Funds Effective Rate Plus [Member]
Debt Instrument [Line Items]
Effective interest rate						0.50%
2021 Revolving Credit Facility [Member] | Senior Unsecured Notes [Member]
Debt Instrument [Line Items]
Loan, principal outstanding						$ 450,000,000

Derivative and Hedging Activiti

Derivative and Hedging Activities - Schedule of Key Terms and Fair Values of Our Interest Rate Swap Derivatives (Detail)	9 Months Ended
	Sep. 30, 2024 USD ($)
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	$ 153,000
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	$ 116,000
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	$ 245,000

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	Sep. 30, 2024	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Interest rate swaps	$ 514	$ 1,994

Derivative and Hedging Activi_3

Derivative and Hedging Activities - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2024 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	$ 900,000
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 (Loss) (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Unrealized gain (loss) recognized in AOCI	$ (917)	$ 1,443	$ 1,614	$ 5,778
Gain reclassified from AOCI into interest expense	$ 1,035	$ 1,553	$ 3,095	$ 4,794

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Assets Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Interest rate swaps	$ 514	$ 1,994
Fair Value, Recurring | Level 2 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Interest rate swaps	$ 514

Fair Value Measurements - Sch_2

Fair Value Measurements - Schedule of Fair Value Financial Assets And Liabilities Not measured At Fair Value (Detail) $ in Thousands	Sep. 30, 2024 USD ($)
2024 Revolving Credit Facility [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Financial liabilities, Carrying amount	$ 149,550	[1]
Financial liabilities, Fair value	149,550	[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	174,500	[1]
Financial liabilities, Fair value	174,500	[2]
Notes Payable [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Financial liabilities, Carrying amount	900,000	[1]
Financial liabilities, Fair value	847,296	[2]
Mortgages Payable [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Financial liabilities, Carrying amount	157,413	[1]
Financial liabilities, Fair value	$ 149,066	[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 - Summary

Equity Incentive Plan - Summary of Stock-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Share-Based Payment Arrangement, Additional Disclosure [Abstract]
Stock-based compensation expense, net (recovery)	$ (180)	$ 1,658	$ 2,209	$ 4,625

Equity Incentive Plan - Additio

Equity Incentive Plan - Additional Information (Details) - shares				3 Months Ended	9 Months Ended
	Jun. 14, 2024	Jan. 19, 2024	Jan. 02, 2024	Sep. 30, 2024	Sep. 30, 2024	May 17, 2024
2024 Equity Incentive Plan [Member] | Maximum
Stockholders Equity Note Disclosure [Line Items]
Maximum number of shares of common stock reserved for issuance						3,600,000
Restricted Stock [Member] | 2024 Equity Incentive Plan [Member]
Stockholders Equity Note Disclosure [Line Items]
Aggregate units granted	35,623
Long Term Incentive Plan
Stockholders Equity Note Disclosure [Line Items]
Shares Issued, Shares, Share-based Payment Arrangement, Forfeited				206,307
Long Term Incentive Plan | 2015 Equity Incentive Plan [Member]
Stockholders Equity Note Disclosure [Line Items]
Units Granted		69,419	193,993
Aggregate units granted			201,150
Vest date		Dec. 31, 2026	Dec. 31, 2026
Expected volatility					24%
Risk-free interest rate					4.10%
Expected life					3 years
Long Term Incentive Plan | 2015 Equity Incentive Plan [Member] | Minimum
Stockholders Equity Note Disclosure [Line Items]
Dividend yield					6.60%
Long Term Incentive Plan | 2015 Equity Incentive Plan [Member] | Maximum
Stockholders Equity Note Disclosure [Line Items]
Dividend yield					6.70%
Long Term Incentive Plan | 2015 Equity Incentive Plan [Member] | Total Shareholder Return Performance Thresholds
Stockholders Equity Note Disclosure [Line Items]
Units Granted			77,256
Long Term Incentive Plan | 2015 Equity Incentive Plan [Member] | Operational Performance Hurdles
Stockholders Equity Note Disclosure [Line Items]
Units Granted			116,737
Long Term Incentive Plan | 2024 Equity Incentive Plan [Member]
Stockholders Equity Note Disclosure [Line Items]
Units Granted	13,601
Expected volatility					27%
Dividend yield					7.80%
Risk-free interest rate					5.20%
Expected life					10 months 24 days

Equity - Summary of Changes In

Equity - Summary of Changes In Stockholders' Equity (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Shareholders Equity [Line Items]
Balance	$ 1,372,474	$ 1,422,067	$ 1,409,516	$ 1,410,982
Stock based compensation, net	(181)	1,658	2,208	4,625
Dividends and distributions paid	(28,855)	(28,155)	(86,383)	(83,774)
Issuance of common stock, net	35,033	33,679	42,925	85,911
Contribution of property for common units				219
Unrealized gain (loss) on interest rate swaps, net	(1,952)	(110)	(1,481)	984
Net income	5,115	6,081	14,849	16,273
Balance	1,381,634	1,435,220	1,381,634	1,435,220
Common Stock Par Value [Member]
Shareholders Equity [Line Items]
Balance	$ 1,030	$ 934	$ 1,010	$ 908
Balance (in shares)	103,034,602	93,415,706	100,973,247	90,814,021
Grant of unvested restricted stock (in shares)			35,623	32,486
Redemption of common units for shares of common stock			$ 14
Redemption of common units for shares of common stock (in shares)		1,821	1,436,085	12,020
Issuance of common stock, net	$ 26	$ 17	$ 32	$ 43
Issuance of common stock (in share)	2,631,727	1,700,000	3,221,374	4,259,000
Balance	$ 1,056	$ 951	$ 1,056	$ 951
Balance (in shares)	105,666,329	95,117,527	105,666,329	95,117,527
Additional Paid-in Capital [Member]
Shareholders Equity [Line Items]
Balance	$ 1,810,678	$ 1,673,399	$ 1,783,338	$ 1,622,913
Stock based compensation, net	125	134	325	427
Redemption of common units for shares of common stock		24	18,779	164
Issuance of common stock, net	35,007	33,662	42,893	85,868
Allocation of non-controlling interest in Operating Partnership	(539)	(77)	(64)	(2,230)
Balance	1,845,271	1,707,142	1,845,271	1,707,142
Retained Earnings [Member]
Shareholders Equity [Line Items]
Balance	121,538	102,491	112,301	93,497
Net income	4,863	5,374	14,100	14,368
Balance	126,401	107,865	126,401	107,865
Cumulative Dividends [Member]
Shareholders Equity [Line Items]
Balance	(630,738)	(524,806)	(576,319)	(475,983)
Dividends and distributions paid	(27,304)	(24,756)	(81,723)	(73,579)
Balance	(658,042)	(549,562)	(658,042)	(549,562)
Accumulated Other Comprehensive Income (Loss) [Member]
Shareholders Equity [Line Items]
Balance	2,344	4,518	1,871	3,546
Unrealized gain (loss) on interest rate swaps, net	(1,855)	(88)	(1,382)	884
Balance	489	4,430	489	4,430
Non-controlling Interest in Operating Partnership [Member]
Shareholders Equity [Line Items]
Balance	67,622	165,531	87,315	166,101
Stock based compensation, net	(306)	1,524	1,883	4,198
Dividends and distributions paid	(1,551)	(3,399)	(4,660)	(10,195)
Redemption of common units for shares of common stock		(24)	(18,793)	(164)
Contribution of property for common units				219
Unrealized gain (loss) on interest rate swaps, net	(97)	(22)	(99)	100
Net income	252	707	749	1,905
Allocation of non-controlling interest in Operating Partnership	539	77	64	2,230
Balance	$ 66,459	$ 164,394	$ 66,459	$ 164,394

Equity - Summary of Changes I_2

Equity - Summary of Changes In Stockholders' Equity (Parenthetical) (Detail) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Equity [Abstract]
Dividends and distributions paid, per share	$ 0.265	$ 0.265	$ 0.795	$ 0.795

Equity - Summary of Dividends D

Equity - Summary of Dividends Declared (Detail) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Dividends Payable [Line Items]
Dividend	$ 0.265	$ 0.265	$ 0.795	$ 0.795
Q1 2024 [Member]
Dividends Payable [Line Items]
Declaration Date			Apr. 25, 2024
Record Date			May 09, 2024
Payment Date			May 21, 2024
Dividend			$ 0.265
Q2 2024 [Member]
Dividends Payable [Line Items]
Declaration Date			Jul. 17, 2024
Record Date			Aug. 01, 2024
Payment Date			Aug. 13, 2024
Dividend			$ 0.265
Q3 2024 [Member]
Dividends Payable [Line Items]
Declaration Date			Oct. 31, 2024
Record Date			Nov. 15, 2024
Payment Date			Nov. 27, 2024
Dividend			$ 0.265

Equity - Summary of Dividends_2

Equity - Summary of Dividends Declared (Parenthetical) (Detail)	9 Months Ended
	Sep. 30, 2024
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	Jun. 22, 2021	Dec. 20, 2019	Sep. 30, 2024	Dec. 31, 2023	Apr. 28, 2022
Stockholders Equity Note Disclosure [Line Items]
Common Stock, shares issued			105,666,329	100,973,247
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			$ 43.9
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

Equity - Schedule of Informatio

Equity - Schedule of Information with Respect to 2019 ATM Program (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Sep. 30, 2024	Sep. 30, 2023
Subsidiary, Sale of Stock [Line Items]
Net Proceeds			$ 43,414	$ 86,472
2019 ATM Program [Member]
Subsidiary, Sale of Stock [Line Items]
Number of Shares Issued	2,631,727	589,647	3,221,374
Net Proceeds	$ 35,077	$ 7,903	$ 42,980

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		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Earnings Per Share Basic And Diluted [Line Items]
Net income		$ 5,115	$ 6,081	$ 14,849	$ 16,273
Less: Non-controlling interest in Operating Partnership		(252)	(707)	(749)	(1,905)
Net income available to Easterly Government Properties, Inc.		4,863	5,374	14,100	14,368
Less: Dividends on participating securities		(148)	(151)	(431)	(450)
Net income available to common stockholders		$ 4,715	$ 5,223	$ 13,669	$ 13,918
Denominator for basic EPS		103,515,246	93,537,121	102,671,381	92,674,039
Denominator for diluted EPS		103,904,581	93,849,444	102,980,995	92,938,221
Basic EPS		$ 0.05	$ 0.06	$ 0.13	$ 0.15
Diluted EPS		$ 0.05	$ 0.06	$ 0.13	$ 0.15
Stock Compensation Plan [Member]
Earnings Per Share Basic And Diluted [Line Items]
Dilutive effect		16,233	14,363	19,190	18,483
Long Term Incentive Plan
Earnings Per Share Basic And Diluted [Line Items]
Dilutive effect	[1]	373,102	297,960	290,424	245,699
[1] During both the three and nine months ended September 30, 2024, there were 326,926 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 nine months ended September 30, 2023, there were 387,010 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.

Earnings Per Share - Summary _2

Earnings Per Share - Summary of Basic and Diluted Earnings Per Common Share (Parenthetical) (Detail) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
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	326,926	387,010	326,926	387,010

Leases - Additional Information

Leases - Additional Information (Detail) $ in Millions	9 Months Ended
	Sep. 30, 2024 USD ($)
Lessee Lease Description [Line Items]
Average age of property	19 years 4 months 24 days
Right-of-use asset	$ 2.5
Operating lease liability	$ 2.5

Leases - Summary of Composition

Leases - Summary of Composition of Lease Revenue Recognized Between Fixed and Variable Components (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Operating Leased Assets [Line Items]
Rental income	$ 72,536	$ 68,205	$ 215,465	$ 204,111
Fixed
Operating Leased Assets [Line Items]
Rental income	67,474	63,098	199,959	188,991
Variable
Operating Leased Assets [Line Items]
Rental income	$ 5,062	$ 5,107	$ 15,506	$ 15,120

Leases - Schedule of Quantitati

Leases - Schedule of Quantitative Information for Company's Operating Leases (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Leases [Abstract]
Cash flows from operating lease costs	$ 193	$ 175	$ 574	$ 436

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	Sep. 30, 2024 USD ($)
Schedule Of Future Minimum Rental Payments For Operating Leases [Line Items]
2024	$ 195	[1]
2025	793
2026	661
2027	368
2028	385
Thereafter	333
Total future minimum lease payments	2,735
Imputed interest	(257)
Total	$ 2,478
[1] Represents the three months ending December 31, 2024 .

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		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Disaggregation Of Revenue [Line Items]
Tenant Construction Project Income	$ 741	$ 3,027	$ 4,877	$ 8,102
Department of Veteran Affairs ("VA") [Member]
Disaggregation Of Revenue [Line Items]
Tenant Construction Project Income	112	1,589	1,842	4,221
Customs and Border Protection ("CBP") [Member]
Disaggregation Of Revenue [Line Items]
Tenant Construction Project Income	97	148	1,742	230
U.S Joint Staff Command ("JSC") [Member]
Disaggregation Of Revenue [Line Items]
Tenant Construction Project Income	104	839	487	2,092
U.S. Citizenship and Immigration Services ("USCIS") [Member]
Disaggregation Of Revenue [Line Items]
Tenant Construction Project Income	244	26	286	56
Food And Drug Administration ("FDA") [Member]
Disaggregation Of Revenue [Line Items]
Tenant Construction Project Income			124	11
Federal Bureau of Investigation ("FBI") [Member]
Disaggregation Of Revenue [Line Items]
Tenant Construction Project Income	38	277	122	655
Internal Revenue Service ("IRS") [Member]
Disaggregation Of Revenue [Line Items]
Tenant Construction Project Income	89		89	4
The Judiciary of the U.S. Government ("JUD") [Member]
Disaggregation Of Revenue [Line Items]
Tenant Construction Project Income		12	89	122
Environmental Protection Agency ("EPA") [Member]
Disaggregation Of Revenue [Line Items]
Tenant Construction Project Income	18		34
National Weather Service ("NWS") [Member]
Disaggregation Of Revenue [Line Items]
Tenant Construction Project Income	25		25
Department of Transportation ("DOT") [Member]
Disaggregation Of Revenue [Line Items]
Tenant Construction Project Income			17	136
Immigration and Customs Enforcement ("ICE") [Member]
Disaggregation Of Revenue [Line Items]
Tenant Construction Project Income	10		10	111
General Services Administration - Other [Member]
Disaggregation Of Revenue [Line Items]
Tenant Construction Project Income			6
Department of Homeland Security ("DHS") [Member]
Disaggregation Of Revenue [Line Items]
Tenant Construction Project Income	$ 4		$ 4
U.S. Coast Guard ("USCG") [Member]
Disaggregation Of Revenue [Line Items]
Tenant Construction Project Income		134		343
Federal Emergency Management Agency ("FEMA") [Member]
Disaggregation Of Revenue [Line Items]
Tenant Construction Project Income				89
Bonneville Power Administration ("BPA") [Member]
Disaggregation Of Revenue [Line Items]
Tenant Construction Project Income		$ 2		16
National Archives and Records Administration (''NARA'') [Member]
Disaggregation Of Revenue [Line Items]
Tenant Construction Project Income				13
Department of Labor ("DOL") [Member]
Disaggregation Of Revenue [Line Items]
Tenant Construction Project Income				$ 3

Revenue - Additional Informatio

Revenue - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Disaggregation of Revenue [Line Items]
Tenant accounts receivable	$ 70,280		$ 70,280		$ 66,274
ASU 2014-09 [Member]
Disaggregation of Revenue [Line Items]
Accounts receivable related to tenant construction projects	10,700		10,700		9,600
Contract assets	0		0		0
Contract liabilities	0		0		0
ASU 2014-09 [Member] | Various GSA - Buffalo Property [Member] | Parking Garage [Member]
Disaggregation of Revenue [Line Items]
Total revenues	100	$ 100	400	$ 300
Tenant accounts receivable	$ 100		$ 100		$ 100

Concentrations Risk - Additiona

Concentrations Risk - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2024 Property
Wholly Owned Properties [Member]
Concentration Risk [Line Items]
Number of properties	95
CALIFORNIA
Concentration Risk [Line Items]
Number of properties	18
Lease Income [Member] | Credit Concentration Risk [Member] | CALIFORNIA
Concentration Risk [Line Items]
Percentage of concentrations risk	19.30%
Rentable Square Feet [Member] | Credit Concentration Risk [Member] | CALIFORNIA
Concentration Risk [Line Items]
Percentage of concentrations risk	14.90%
U.S. Government [Member] | Lease Income [Member] | Credit Concentration Risk [Member]
Concentration Risk [Line Items]
Percentage of concentrations risk	96.40%
Non Governmental Tenants [Member] | Lease Income [Member] | Credit Concentration Risk [Member]
Concentration Risk [Line Items]
Percentage of concentrations risk	2.50%
State and Local Government Tenants [Member] | Lease Income [Member] | Credit Concentration Risk [Member]
Concentration Risk [Line Items]
Percentage of concentrations risk	1.10%

Related Parties - Additional In

Related Parties - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Related Party Transaction [Line Items]
Reimbursement Cost Paid			$ 500,000	$ 300,000
Accounts payable, accrued expenses and other liabilities	$ 113,766,000		113,766,000		$ 80,209,000
Asset management income	579,000	$ 526,000	1,680,000	1,560,000
Maximum [Member]
Related Party Transaction [Line Items]
Reimbursement Cost Paid	100,000	100,000
JV [Member]
Related Party Transaction [Line Items]
Asset management income	600,000	500,000	1,700,000	1,600,000
Certain Entities Controlled by Chairman [Member]
Related Party Transaction [Line Items]
Reimbursable rent and office expense due to related party	500,000	100,000	700,000	300,000
Accounts payable, accrued expenses and other liabilities	300,000		300,000
Certain Entities Controlled by Vice Chairman [Member]
Related Party Transaction [Line Items]
Reimbursable payroll expenses interest and defeasance costs due from related party	100,000	$ 100,000	100,000	$ 100,000
Reimbursements accounts receivable	$ 400,000		$ 400,000

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - Subsequent Event [Member] $ / shares in Units, $ in Millions	Oct. 10, 2024	Oct. 01, 2024 USD ($) $ / shares shares
Aurora [Member]
Subsequent Event [Line Items]
Leased area	104,136
Leased period	9 years
Lease expirations year	2032
Forward Sales Agreement [Member] | 2019 ATM Program [Member]
Subsequent Event [Line Items]
Number of unsettled common stock shares sold | shares		500,000
Weighted average price per share | $ / shares		$ 13.32
Net proceeds from unsettled common stock shares sold | $		$ 6.7