Easterly Government Properties (DEA) 10-Q 8 Nov 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Nov. 08, 2016
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Trading Symbol	dea
Entity Registrant Name	Easterly Government Properties, Inc.
Entity Central Index Key	1,622,194
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		35,374,810

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Assets
Real estate properties, net	$ 880,962	$ 772,007
Cash and cash equivalents	4,358	8,176
Restricted cash	1,432	1,736
Deposits on acquisitions	1,250
Rents receivable	7,464	6,347
Accounts receivable	4,136	2,920
Deferred financing, net	3,007	2,726
Intangible assets, net	116,100	116,585
Prepaid expenses and other assets	1,845	1,509
Total assets	1,020,554	912,006
Liabilities
Revolving credit facility	206,667	154,417
Mortgage notes payable, net	81,552	83,744
Intangible liabilities, net	41,894	44,605
Accounts payable and accrued liabilities	13,516	9,346
Total liabilities	343,629	292,112
Equity
Common stock, par value $0.01, 200,000,000 shares authorized, 35,161,192 and 24,168,379 shares issued and outstanding at September 30, 2016 and December 31, 2015, respectively.	352	241
Additional paid-in capital	568,520	391,767
Retained (deficit)	575	(1,694)
Cumulative dividends	(33,944)	(13,051)
Total stockholders' equity	535,503	377,263
Non-controlling interest in Operating Partnership	141,422	242,631
Total equity	676,925	619,894
Total liabilities and equity	$ 1,020,554	$ 912,006

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2016	Dec. 31, 2015
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	35,161,192	24,168,379
Common Stock, shares outstanding	35,161,192	24,168,379

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Revenues
Rental income	$ 24,493	$ 18,126	$ 68,520	$ 45,056
Tenant reimbursements	2,385	1,689	7,016	4,037
Other income	97	42	331	111
Total revenues	26,975	19,857	75,867	49,204
Operating expenses
Property operating	5,308	3,838	14,726	9,126
Real estate taxes	2,533	1,980	7,233	4,694
Depreciation and amortization	12,237	9,344	34,174	23,395
Acquisition costs	660	235	1,339	1,870
Formation expenses				1,666
Corporate general and administrative	3,066	2,301	9,154	6,112
Fund general and administrative				75
Total expenses	23,804	17,698	66,626	46,938
Operating income	3,171	2,159	9,241	2,266
Other (expenses) / income
Interest expense, net	(2,043)	(1,341)	(5,967)	(3,362)
Net unrealized (loss) on investments				(5,122)
Net income (loss)	1,128	818	3,274	(6,218)
Non-controlling interest in Operating Partnership	(233)	(320)	(1,005)	4,419
Net income (loss) available to Easterly Government Properties, Inc.	$ 895	$ 498	$ 2,269	$ (1,799)
Net income (loss) available to Easterly Government Properties, Inc. per share:
Basic	$ 0.02	$ 0.02	$ 0.08	$ (0.09)
Diluted	$ 0.02	$ 0.02	$ 0.07	$ (0.09)
Weighted-average common shares outstanding
Basic	34,967,482	24,141,712	28,886,697	20,516,184
Diluted	36,904,564	25,216,716	30,722,389	20,516,184

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Cash flows from operating activities
Net income (loss)	$ 3,274	$ (6,218)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Depreciation and amortization	34,174	23,395
Straight line rent	(17)	(165)
Amortization of above- / below-market leases	(5,225)	(3,359)
Amortization of unearned revenue	(77)
Amortization of loan premium / discount	(64)	(59)
Amortization of deferred financing costs	649	541
Contributions to investments		(257)
Net unrealized loss on investments		5,122
Non-cash compensation	2,164	1,175
Net change in:
Rents receivable	(940)	(4,154)
Accounts receivable	(1,216)	(268)
Prepaid expenses and other assets	(336)	(639)
Accounts payable and accrued liabilities	3,840	3,657
Net cash provided by operating activities	36,226	18,771
Cash flows from investing activities
Real estate acquisitions and deposits	(140,403)	(52,425)
Cash assumed in formation		6,187
Additions to operating properties	(664)	(256)
Additions to development properties	(145)
Restricted cash	304	(172)
Net cash (used in) investing activities	(140,908)	(46,666)
Cash flows from financing activities
Payment of deferred financing costs	(848)	(3,397)
Issuance of shares of common stock	84,943	193,545
Repurchase of initial shares		(1)
Proceeds from private placement		75,638
Credit facility draws, net	52,250	50,167
Repayments of mortgage payable	(2,131)	(1,512)
Debt payoff		(293,381)
Dividends and distributions paid	(29,245)	(12,732)
Distributions		(5,441)
Payment of offering costs	(4,105)	(1,962)
Net cash provided by financing activities	100,864	924
Net (decrease) in cash and cash equivalents	(3,818)	(26,971)
Cash and cash equivalents, beginning of period	8,176	31,437
Cash and cash equivalents, end of period	4,358	4,466
Supplemental disclosure of cash flow information is as follows (amounts in thousands):
Cash paid for interest	5,531	2,733
Financing costs accrued, not paid	78
Contribution for shares and OPUs		260,687
Exchange of Common Units for Shares of Common Stock
Non-controlling interest in Operating Partnership	(96,578)
Common stock	64
Additional paid-in capital	96,514
Western Devcon, Inc [Member]
Supplemental disclosure of cash flow information is as follows (amounts in thousands):
Contribution for shares and OPUs		86,397
Operating Properties [Member]
Supplemental disclosure of cash flow information is as follows (amounts in thousands):
Additions to properties	174	$ 41
Development Properties [Member]
Supplemental disclosure of cash flow information is as follows (amounts in thousands):
Additions to properties	$ 18

Organization and Basis of Prese

Organization and Basis of Presentation	9 Months Ended
	Sep. 30, 2016
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, 2015, and related notes thereto, included in the Annual Report on Form 10-K of Easterly Government Properties, Inc. (which may be referred to in these financial statements as the “Company,” “we,” “us,” or “our”) for the year ended December 31, 2015 filed with the U.S. Securities and Exchange Commission (the “ SEC”) on March 2, 2016. The Company is a Maryland corporation that has elected to be taxed as a real estate investment trust (“REIT”) under the Internal Revenue Code (the “Code”) commencing with its taxable year ended December 31, 2015. The operations of the Company are carried on primarily through Easterly Government Properties LP (the “Operating Partnership”) and the wholly owned subsidiaries of the Operating Partnership. 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 through the U.S. General Services Administration (the “GSA”). Our objective is to generate attractive risk-adjusted returns for our stockholders over the long term through dividends and capital appreciation. As of September 30, 2016, we wholly owned 41 operating properties in the United States, including 38 operating properties that were leased primarily to U.S. Government tenant agencies and three operating properties that were entirely leased to private tenants, encompassing approximately 3.0 million square feet in the aggregate. In addition, we wholly owned one property under development encompassing approximately 0.1 million square feet. We focus on acquiring, developing, and managing GSA-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 GSA to meet the needs and objectives of the tenant agency. We were incorporated in Maryland as a corporation on October 9, 2014 and did not have any meaningful operations until the completion of the formation transactions (as defined below) and our initial public offering on February 11, 2015 (the “IPO”). On February 11, 2015, we completed an initial public offering of 13.8 million shares of our common stock at a price to the public of $15.00 per share, including 1.8 million shares sold in connection with the full exercise of the option to purchase additional shares granted to the underwriters, resulting in gross proceeds of $207.0 million. The aggregate net proceeds to the Company, after deducting underwriting discounts and commissions and offering expenses payable by the Company, was approximately $191.6 million. The Company contributed the net proceeds from the IPO to the Operating Partnership in exchange for common units representing limited partnership interests in the Operating Partnership (“common units”). In connection with the IPO, we engaged in certain formation transactions (the “formation transactions”) pursuant to which the Operating Partnership acquired (i) 15 properties previously owned by the Easterly Funds (as defined below) in exchange for 3,308,000 shares of common stock and 8,635,714 common units, (ii) 14 properties previously owned by Western Devcon, Inc., a private real estate company and a series of related entities beneficially owned by Michael P. Ibe (collectively, “Western Devcon”), in exchange for 5,759,819 common units and (iii) all of the ownership interests in the management entities (as defined below) in exchange for 1,135,406 common units. Concurrent with the IPO, the Company sold an aggregate of 7,033,712 shares of its common stock to the Easterly Funds in a private placement at a price per share of $15.00 without payment of any underwriting fees, discounts or commissions. Our Operating Partnership used the net proceeds received from the offering, private placement and a portion of the borrowings under a $400.0 million senior unsecured revolving credit facility (our “senior unsecured revolving credit facility”) to repay approximately $293.4 million in outstanding indebtedness including applicable repayment costs, defeasance costs, settlement of interest rate swap liabilities and other costs and fees associated with such repayments. Our predecessor (the “Predecessor”) means Easterly Partners, LLC and its consolidated subsidiaries prior to the IPO and the formation transactions, including (i) all entities or interests in U.S. Government Properties Income and Growth Fund L.P., U.S. Government Properties Income and Growth Fund REIT, Inc. and the related feeder and subsidiary entities (collectively, “Easterly Fund I”), (ii) all entities or interests in U.S. Government Properties Income and Growth Fund II, LP, USGP II REIT LP, USGP II (Parallel) Fund, LP and their related feeders and subsidiary entities (collectively, “Easterly Fund II” and, together with Easterly Fund I, the “Easterly Funds”) and (iii) the entities that managed the Easterly Funds (the “management entities”). Our Operating Partnership holds substantially all of our assets and conducts substantially all our business. The Company is the sole general partner of the Operating Partnership. The Company owned 79.1% of the Operating Partnership’s common units at September 30, 2016. We believe that we have operated and have been organized in conformity with the requirements for qualification and taxation as a REIT for U.S federal income tax purposes commencing with our taxable year ended December 31, 2015. Principle of Combination and 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, including Easterly Government Properties TRS, LLC, Easterly Government Services, LLC and the Operating Partnership. All significant intercompany balances and transactions have been eliminated in consolidation. Upon completion of the IPO and the formation transactions, the Company succeeded to the operations of the Predecessor. Prior to the IPO, the Predecessor was under the control of Darrell W. Crate, the Chairman of our board of directors. These financial statements reflect the consolidated equity ownership structure of the Company as if the IPO and the formation transactions related to the Easterly Funds and management entities had been completed as of January 1, 2014. The formation transactions related to the Easterly Funds and the management entities were accounted for at carryover basis due to the existence of common control. Prior to the IPO, the Easterly Funds, as controlled by the Predecessor, qualified as investment companies pursuant to ASC 946 Financial Services – Investment Companies Due to the timing of the IPO and the formation transactions, the Company’s financial condition as of December 31, 2015 and results of operations for the nine months ended September 30, 2015 reflect the financial condition and results of operations of the Predecessor combined with the Company for the period prior to February 11, 2015, and the Company’s consolidated results for the period from February 11, 2015 through December 31, 2015. 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, 2016, and the consolidated results of operations and the consolidated cash flows for the three and nine months ended September 30, 2016 and 2015. The year-end condensed consolidated balance sheet data was derived from audited financial statements, but does not include all disclosures required by GAAP. The results of operations for the interim periods presented are not necessarily indicative of the results to be expected for the full year. The preparation of the consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and 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. Actual results could differ from those estimates.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies The significant accounting policies used in the preparation of the Company’s condensed consolidated financial statements, both pre-IPO and post-IPO, are disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015. Recently Adopted Accounting Pronouncements On January 1, 2016, the Company adopted accounting guidance under Accounting Standards Codification (ASC) Topic 810, "Consolidation,” modifying the analysis it must perform to determine whether it should consolidate certain types of legal entities. The guidance does not amend the existing disclosure requirements for variable interest entities (“VIEs”) or voting interest model entities. The guidance, however, modified the requirements to qualify under the voting interest model. Under the revised guidance, the Operating Partnership will be a variable interest entity of the Company. As the Operating Partnership is already consolidated in the balance sheets of the Company, the identification of this entity as a variable interest entity has no impact on the consolidated financial statements of the Company. There were no other legal entities qualifying under the scope of the revised guidance that were consolidated as a result of the adoption. In addition, there were no other voting interest entities under prior existing guidance determined to be variable interest entities under the revised guidance. On January 1, 2016, the Company adopted and retrospectively applied Accounting Standards Update (ASU) 2015-03, “Simplifying the Presentation of Debt Issuance Costs.” As a result all debt issuance costs paid to third parties, other than the lender, incurred to issue mortgage debt are presented on the balance sheet as a direct deduction from the carrying value. Debt issuance costs related to our senior unsecured revolving credit facility will continue to be presented as an asset on the balance sheet. Debt issuance costs related to our senior unsecured term loan facility (as defined below) will be presented as an asset on the balance sheet until a draw is made, at which time the debt issuance costs will be a direct deduction from the carrying value. On January 1, 2016, the Company adopted ASU 2015 – 16, Simplifying the Accounting for Measurement Period Adjustments (Topic 805), which addresses provisional amounts for items in a business combination for which the accounting is incomplete by the end of the reporting period. The implementation of this update did not have an impact in our condensed consolidated financial statements. Recent Accounting Pronouncements Not Yet Adopted In August 2014, the Financial Accounting Standards Board (FASB) issued ASU 2014-15, Presentation of Financial Statements – Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern, which requires management to evaluate whether there are conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern, and to provide certain disclosures when it is probable that the entity will be unable to meet its obligations as they become due within one year after the date that the financial statements are issued. ASU 2014-15 is effective for annual reporting periods ending after December 15, 2016, with early adoption permitted. The Company is in the process of evaluating the impact of this new guidance. In February 2016, the FASB issued ASU No. 2016-02, Leases, which sets out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract (i.e., lessees and lessors). The new standard requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase of the leased asset by the lessee. This classification will determine whether the lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease. A lessee is also required to record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. Leases with a term of 12 months or less will be accounted for in the same manner as operating leases today. The new standard requires lessors to account for leases using an approach that is substantially equivalent to existing guidance for sales-type leases, direct financing leases and operating leases. ASU No. 2016-02 is effective for reporting periods beginning after December 15, 2018, with early adoption permitted. The Company is in the process of evaluating the impact of this new guidance. In March 2016, the FASB issued ASU No. 2016-09, Compensation – Stock Compensation, which identifies areas for simplification involving several aspects of accounting for share-based payment transactions. The new guidance allows for entities to make an entity-wide accounting policy election to either estimate the number of awards that are expected to vest or account for forfeitures when they occur. In addition, the guidance allows employers to withhold shares to satisfy minimum statutory tax withholding requirements up to the employees’ maximum individual tax rate without causing the award to be classified as a liability. The guidance also stipulates that cash paid by an employer to a taxing authority when directly withholding shares for tax-withholding purposes should be classified as a financing activity on the statement of cash flows. ASU No. 2016-09 is effective for reporting periods beginning after December 15, 2016. The Company is in the process of evaluating the impact of this new guidance. In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230), which provides classification guidance for certain cash receipts and cash payments including payment of debt extinguishment costs, settlement of zero-coupon debt instruments, insurance claim payments and distributions from equity method investees. The standard is effective on January 1, 2018, with early adoption permitted. The Company is in the process of evaluating the impact of this new guidance.

Real Estate and Intangibles

Real Estate and Intangibles	9 Months Ended
	Sep. 30, 2016
Real Estate [Abstract]
Real Estate and Intangibles	3. Real Estate and Intangibles During the nine months ended September 30, 2016, we acquired five operating properties, ICE – Albuquerque, NPS – Omaha, DEA – Birmingham, FBI – Birmingham and EPA – Kansas City for an aggregate purchase price of $129.4 million. We allocated the purchase price of these acquisitions based on the estimated fair values of the acquired assets and assumed liabilities as follows (dollars in thousands): Total Real estate Land $ 6,576 Building 104,064 Acquired tenant improvements 4,897 Total real estate 115,537 Intangible assets In-place leases 14,840 Acquired leasing commissions 2,599 Total intangible assets 17,439 Intangible liabilities Below-market leases (3,573 ) Total intangible liabilities (3,573 ) Purchase price $ 129,403 We did not assume any debt upon acquisition of the five operating properties. The fair value of the assets acquired and liabilities assumed in 2016 are preliminary as we continue to finalize their acquisition date fair value determination. The intangible assets and liabilities of the acquired properties have an aggregate weighted average amortization period of 6.73 years as of September 30, 2016. During the nine months ended September 30, 2016, we included $4.6 million of revenues and $1.5 million of net income in our consolidated statement of operations related to the operating properties acquired. During the nine months ended September 30, 2016, we incurred $1.3 million of acquisition-related costs associated with the property acquisitions. Pro Forma Financial Information The unaudited pro forma financial information set forth below presents results for the nine months ended September 30, 2016 and 2015 as if the formation transactions and the acquisitions of DOE – Lakewood, AOC – Aberdeen, ICE – Otay, DEA – Pleasanton, USCIS – Lincoln, DEA – Dallas Lab and FBI – Richmond had occurred on January 1, 2014 and the ICE – Albuquerque, NPS – Omaha, DEA – Birmingham, FBI – Birmingham and EPA – Kansas City acquisitions had occurred on January 1, 2015. The pro forma information is not necessarily indicative of the results that actually would have occurred nor does it intend to indicate future operating results (dollars in thousands): For the nine months ended September 30, Proforma (unaudited) 2016 2015 Total rental revenue $ 81,197 $ 79,447 Net income (loss) (1) 5,219 5,367 (1) The net income for the nine months ended September 30, 2016 excludes $1.3 million of property acquisition costs. Additionally, the net income for the nine months ended September 30, 2015 was adjusted to include these acquisition costs and exclude the $3.5 million of property acquisition and formation costs incurred during the nine months ended September 30, 2015. In addition to the above operating property acquisitions, we acquired one property, FDA – Alameda, in an asset acquisition during the nine months ended September 30, 2016. Real estate and intangibles consisted of the following as of September 30, 2016 (dollars in thousands): Total Real estate properties, net Land $ 109,912 Building 760,668 Acquired tenant improvements 39,762 Construction in progress 4,516 Accumulated amortization (33,896 ) Total Real estate properties, net $ 880,962 Intangible assets, net In-place leases $ 118,759 Acquired leasing commissions 22,835 Above market leases 10,631 Accumulated amortization (36,125 ) Total Intangible assets, net $ 116,100 Intangible liabilities, net Below market leases $ (54,272 ) Accumulated amortization 12,378 Total Intangible liabilities, net $ (41,894 )

Debt

Debt	9 Months Ended
	Sep. 30, 2016
Debt Disclosure [Abstract]
Debt	4. Debt At September 30, 2016, our borrowings consisted of the following (dollars in thousands): Total Revolving credit facility $ 206,667 Mortgage notes payable, net 81,552 Total $ 288,219 a. Senior Unsecured Revolving Credit Facility We have a $400.0 million senior unsecured revolving credit facility with an accordion feature that provides us with additional capacity, subject to the satisfaction of customary terms and conditions, of up to $250.0 million, for a total facility size of not more than $650.0 million. As of September 30, 2016, the interest rate payable on borrowings under our senior unsecured revolving credit facility was 1.93%. For the nine months ended September 30, 2016 the weighted average annual interest rate for borrowings under our senior unsecured revolving credit facility was 1.86% . As of September 30, 2016, we had $206.7 million outstanding and $193.3 million available under our revolving credit facility and recognized $0.6 million in accumulated amortization of deferred financing costs. As of September 30, 2016, the carrying value of our senior unsecured revolving credit facility approximated fair value. In determining the fair value we considered the short term maturity and variable interest rate. We deem the fair value of our senior unsecured revolving credit facility as a Level 3 measurement. b. Mortgage Notes Payable, Net The table below provides a summary of our mortgage debt which is collateralized by the underlying real estate at September 30, 2016 (dollars in thousands): Property Fixed/ Floating Contractual Interest Rate Effective Interest Rate Maturity Date Principal Balance Premium/ Discount Deferred Financing Carrying Value CBP - Savannah Fixed 3.40 % 4.12 % July 2033 $ 15,078 $ (795 ) $ — $ 14,283 ICE - Charleston Fixed 4.21 % 3.93 % January 2027 21,194 368 — 21,562 MEPCOM - Jacksonville Fixed 4.41 % 3.89 % October 11,872 286 — 12,158 USFS II - Albuquerque Fixed 4.46 % 3.92 % July 2026 17,264 622 — 17,886 DEA - Pleasanton Floating LIBOR + 150bps 1.80 % October 2023 15,700 — (37 ) 15,663 Total $ 81,108 $ 481 $ (37 ) $ 81,552 At September 30, 2016, the fair value of our mortgage debt was determined by discounting future contractual principal and interest payments using prevailing market rates. We deem the fair value measurement of our debt instruments as a Level 3 measurement. At September 30, 2016 the fair value of our mortgage debt was $83.4 million. c. Senior Unsecured Term Loan Facility On September 29, 2016, we entered into a $100.0 million senior unsecured term loan facility (our “senior unsecured term loan facility”) with PNC Bank, National Association, as administrative agent, U.S. Bank National Association and SunTrust Bank, as syndication agents, PNC Capital Markets LLC, U.S. Bank National Association and SunTrust Robinson Humphrey, Inc., as joint lead arrangers and joint bookrunners. The Operating Partnership is the borrower under our senior unsecured term loan facility and we and certain of our subsidiaries that directly own certain of our properties are guarantors under the term loan facility. The senior unsecured term loan facility matures on September 29, 2023, has a 180-day delayed draw period, and is prepayable without penalty beginning in October 2018. Borrowings under our senior unsecured term loan facility will bear interest at floating rates equal to, at our option, either (1) a fluctuating rate equal to the sum of (a) the highest of (x) PNC Bank, National Association’s base rate, (y) the federal funds open rate plus 0.50% and (z) the daily Eurodollar rate plus 1.00% plus (b) a margin ranging from 0.7% to 1.35%, or (2) a Eurodollar rate equal to a periodic fixed rate equal to LIBOR plus, a margin ranging from 1.7% to 2.35%, in each case with a margin based on our leverage ratio. Based on our current leverage ratio, borrowings under our senior unsecured term loan facility will have an initial interest rate of LIBOR plus 170 basis points. We may prepay our senior unsecured term loan facility in whole or in part, subject to (i) customary costs, if any, of breaking LIBOR and, (ii) payment of a prepayment penalty equal to 2.0% of the principal balance being repaid during the first 12 months of our senior unsecured term loan facility and 1.0% of the principal balance being repaid during the following 12 months. Our senior unsecured term loan facility also contains certain customary covenants, including but not limited to financial covenants that require us to maintain maximum ratios of consolidated total indebtedness, consolidated secured indebtedness and consolidated secured recourse indebtedness to total asset value, minimum consolidated tangible net worth and a minimum consolidated fixed charge ratio. As of September 30, 2016 we have not drawn funds under our senior unsecured term loan facility.

Equity

Equity	9 Months Ended
	Sep. 30, 2016
Equity [Abstract]
Equity	5. Equity The following table summarizes the changes in our stockholders’ equity for the nine months ended September 30, 2016 and 2015 (dollars in thousands): Shares Common Stock Par Value Additional Paid-in Capital Retained (Deficit) Distributions in Excess of Earnings Non- controlling Interest in Operating Partnership Member Capital/ (Deficit) Non- controlling Interests Total Equity Nine months ended September 30, 2016 Balance at December 31, 2015 24,168,379 $ 241 $ 391,767 $ (1,694 ) $ (13,051 ) $ 242,631 $ — $ — $ 619,894 Stock based compensation — 221 — — 1,943 — — 2,164 Dividends and distributions paid — — — (20,893 ) (8,352 ) — — (29,245 ) Grant of unvested restricted stock 16,128 — — — — — — — — Redemption of common units for shares of common stock 6,257,640 64 96,514 — — (96,578 ) — — — Public offering 4,719,045 47 80,791 — — — — — 80,838 Net income — — 2,269 — 1,005 — — 3,274 Allocation of non-controlling interest in Operating Partnership — (773 ) — — 773 — — — Balance at September 30, 2016 35,161,192 $ 352 $ 568,520 $ 575 $ (33,944 ) $ 141,422 $ — $ — $ 676,925 Nine months ended September 30, 2015 Balance at December 31, 2014 1,000 $ — $ 1 $ — $ — $ — $ 13,336 $ 283,847 $ 297,184 Distributions — — — — — (9 ) (5,432 ) (5,441 ) Exchange of members’ capital and non-controlling interests for common units and shares of common stock 3,308,000 33 67,312 — — 194,530 (12,738 ) (249,137 ) — Public offering 13,800,000 138 191,445 — — — — — 191,583 Proceeds of private placement 7,033,712 70 105,435 — — — (589 ) (29,278 ) 75,638 Contribution of Western Devcon properties for common units — — — — 86,397 — — 86,397 Stock based compensation — 209 — — 966 — — 1,175 Grant of unvested restricted stock 26,667 — — — — — — — — Buyback of common stock (1,000 ) — (1 ) — — — — — (1 ) Dividends and distributions paid — — — (7,734 ) (4,998 ) (12,732 ) Net loss — — (1,799 ) — (4,419 ) — — (6,218 ) Allocation of non-controlling interest in Operating Partnership — 26,956 — — (26,956 ) — — — Balance at September 30, 2015 24,168,379 $ 241 $ 391,357 $ (1,799 ) $ (7,734 ) $ 245,520 $ — $ — $ 627,585 Our board of directors approved the issuance of 891,000 long-term incentive plan units in the Operating Partnership (“LTIP units”) on May 6, 2015 and 40,000 LTIP units on February 26, 2016 to members of management under a long-term incentive plan. Earned awards (if any) will vest 50% on February 15, 2018 and 50% on February 6, 2019, subject to the Company achieving certain absolute and relative total shareholder returns and management’s continued employment. Vesting will be accelerated in the event of a change in control, termination of employment by the Company without cause, or termination of employment by the award recipient for good reason, death, disability or retirement. If there is a change of control prior to February 15, 2018, earned awards will be calculated based on total shareholder return performance up to the date of the change of control. The LTIP unit awards (i) are subject to forfeiture to the extent awards are not earned and (ii) prior to the performance measurement date are only entitled to one-tenth (10%) of the regular quarterly distributions payable on common units. The Company measures the LTIP unit awards at the fair value on date of grant. In connection with our 2016 annual meeting of stockholders, we issued an aggregate of 16,128 shares of restricted common stock to our non-employee directors pursuant to our 2015 Equity Incentive Plan. The restricted common stock grants will vest upon the earlier of the anniversary of the date of grant or the next annual stockholder meeting. A summary of our shares of restricted common stock and LTIP unit awards at September 30, 2016 is as follows: Restricted Shares Restricted Shares Weighted Average Grant Date Fair Value LTIP Units LTIP Units Weighted Average Grant Date Fair Value Outstanding, December 31, 2015 26,667 $ 15.00 891,000 $ 8.67 Vested (26,667 ) 15.00 — — Granted 16,128 18.60 40,000 14.15 Forfeited — — (5,000 ) 8.67 Outstanding, September 30, 2016 16,128 $ 18.60 926,000 $ 8.91 We recognized $2.2 million in compensation expense related to the restricted common stock and the LTIP unit awards for the nine months ended September 30, 2016. As of September 30, 2016, unrecognized compensation expense for both awards was $4.9 million, which will be amortized over the vesting period. We valued our non-vested restricted share award issued in 2016 at the grant date fair value, which was the market price of our shares of common stock. For the LTIP unit awards issued in 2016, we used a Monte Carlo Simulation (risk-neutral approach) to determine the number of shares that may be issued pursuant to the award. We utilized a risk-free rate of 0.7%, derived from the Treasury note yield as of the grant date. Since the Company has a limited amount of operating history, the expected volatility assumption of 20.0% was derived from the observed historical volatility of the common stock prices of a select group of peer companies within the REIT industry. Based on the selected dividend yields of the peer companies and expected dividend levels, we utilized an expected dividend yield of 5.5%. No additional shares of common stock or options were issued and outstanding under the 2015 Equity Incentive Plan as of September 30, 2016. On June 7, 2016, we completed an underwritten public offering of an aggregate of 6,219,045 shares of common stock, consisting of 4,719,045 shares sold by us to the underwriters and 1,500,000 shares offered on a forward basis in connection with certain forward sales agreements. The gross proceeds from the offering of 4,719,045 shares sold by us to the underwriters was $84.9 million before deducting underwriting discounts, commissions and estimated offering expenses. The forward sales agreements entered into with respect to 1,500,000 of the Company’s common shares are at an initial price to the Company of $17.235 per share. Subject to the Company’s right to elect cash or net share settlement, the Company expects to physically settle the forward sales agreements no later than December 7, 2016. The Company will account for the forward sales agreements as equity. In connection with the liquidation of the Easterly Funds, an aggregate of 6,257,640 shares of common stock were issued between May 11, 2016 and September 30, 2016 upon the redemption of an aggregate of 6,257,640 common units in accordance with the terms of the partnership agreement of the Operating Partnership. On May 4, 2016, our board of directors declared a dividend for the first quarter of 2016 in the amount of $0.23 per share of common stock and per common unit outstanding to stockholders and common unit holders of record as of the close of business on June 8, 2016. Our board of directors also declared a dividend for the first quarter of 2016 for each LTIP unit in an amount equal to 10% of the dividend paid per common unit. Such dividends were paid on June 23, 2016. On August 3, 2016, our board of directors declared a dividend for the second quarter of 2016 in the amount of $0.23 per share of common stock and per common unit outstanding to stockholders and common unit holders of record as of the close of business on August 26, 2016. Our board of directors also declared a dividend for the second quarter of 2016 for each LTIP unit in an amount equal to 10% of the dividend paid per common unit. Such dividends were paid on September 13, 2016. On November 3, 2016, our board of directors declared a dividend for the third quarter of 2016 in the amount of $0.24 per share of common stock and per common unit outstanding to stockholders and common unit holders of record as of the close of business on December 7, 2016. Our board of directors also declared a dividend for the third quarter of 2016 for each LTIP unit in an amount equal to 10% of the dividend paid per common unit. Such dividends are to be paid on December 22, 2016.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2016
Earnings Per Share [Abstract]
Earnings Per Share	6. Earnings Per Share Basic earnings or loss per share of common stock (“EPS”) is calculated by dividing net income or loss 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 and 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 the Company’s basic and diluted earnings per share of common stock for the three and nine months ended September 30, 2016 and 2015 (amounts in thousands, except per share amounts): For the three months ended September 30, For the nine months ended September 30, 2016 2015 2016 2015 Numerator Net income (loss) $ 1,128 $ 818 $ 3,274 $ (6,218 ) Less: Non-controlling interest in Operating Partnership (233 ) (320 ) (1,005 ) 4,419 Net income (loss) available to Easterly Government Properties, Inc. 895 498 2,269 (1,799 ) Less: Dividends on participating securities (25 ) (24 ) (76 ) (37 ) Net income (loss) available to common stockholders $ 870 $ 474 $ 2,193 $ (1,836 ) Denominator for basic EPS 34,967,482 24,141,712 28,886,697 20,516,184 Dilutive effect of share-based compensation awards 4,686 12,072 12,772 — Dilutive effect of LTIP units 1,708,468 1,062,932 1,673,218 — Dilutive effect of forward shares 223,928 — 149,702 — Denominator for diluted EPS 36,904,564 25,216,716 30,722,389 20,516,184 Basic EPS $ 0.02 $ 0.02 $ 0.08 $ (0.09 ) Diluted EPS $ 0.02 $ 0.02 $ 0.07 $ (0.09 )

Operating Leases

Operating Leases	9 Months Ended
	Sep. 30, 2016
Leases [Abstract]
Operating Leases	7. Operating Leases Our rental properties are subject to generally non-cancelable operating leases generating future minimum contractual rent payments due from tenants. As of September 30, 2016, future non-cancelable minimum contractual rent payments are as follows (dollars in thousands): Payments due by period Total 2016 2017 2018 2019 2020 Thereafter Operating Leases Minimum lease payments $ 491,338 18,170 71,884 69,733 64,020 56,343 211,188 The Company’s consolidated operating properties were 100% occupied by 22 tenants at September 30, 2016. On June 18, 2016, the Company was awarded a lease for a 65,810 square foot Food and Drug Administration (FDA) laboratory in Alameda, CA. The FDA - Alameda laboratory will be leased to the General Services Administration (GSA) for a 20-year term, beginning upon completion of development of the property. For the nine months ended September 30, 2016 we recognized $63.1 million in rental income attributable to base rent, $5.2 million in rental income attributable to the amortization of our above- and below-market leases and a straight-line adjustment of $0.2 million.

Concentrations Risk

Concentrations Risk	9 Months Ended
	Sep. 30, 2016
Risks And Uncertainties [Abstract]
Concentrations Risk	8. Concentrations Risk Concentrations of credit risk arise for the Company when multiple tenants of the Company 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 those to the Company. The Company regularly monitors its tenant base to assess potential concentrations of credit risk. As stated in Note 1 above, the Company leases commercial space to the U.S. Government through the GSA or other federal agencies or nongovernmental tenants. At September 30, 2016, the GSA and other federal agency accounted for approximately 96.9% of rental income and non-governmental tenants accounted for the remaining approximately 3.1%. Thirteen of our 41 operating properties are located in California, accounting for approximately 20.9% of our total rentable square feet and approximately 27.5% of our total annualized lease income as of September 30, 2016. 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.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2016
Subsequent Events [Abstract]
Subsequent Events	9. Subsequent Events For its consolidated financial statements as of September 30, 2016, the Company evaluated subsequent events and the following significant events in addition to the dividends declared by the board of directors for the third quarter of 2016 (see Note 5). On October 27, 2016, we entered into two forward-starting interest rate swaps with an aggregate notional value of $100.0 million to effectively fix the interest rate on future draw downs under our senior unsecured term loan facility. The forward swaps have an effective date of March 29, 2017 and extend until the maturity of the term loan on September 29, 2023. The forward swaps will effectively fix the interest rate under our senior unsecured term loan facility at 3.12% annually based on the company’s current leverage ratio.

Summary of Significant Accoun15

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements On January 1, 2016, the Company adopted accounting guidance under Accounting Standards Codification (ASC) Topic 810, "Consolidation,” modifying the analysis it must perform to determine whether it should consolidate certain types of legal entities. The guidance does not amend the existing disclosure requirements for variable interest entities (“VIEs”) or voting interest model entities. The guidance, however, modified the requirements to qualify under the voting interest model. Under the revised guidance, the Operating Partnership will be a variable interest entity of the Company. As the Operating Partnership is already consolidated in the balance sheets of the Company, the identification of this entity as a variable interest entity has no impact on the consolidated financial statements of the Company. There were no other legal entities qualifying under the scope of the revised guidance that were consolidated as a result of the adoption. In addition, there were no other voting interest entities under prior existing guidance determined to be variable interest entities under the revised guidance. On January 1, 2016, the Company adopted and retrospectively applied Accounting Standards Update (ASU) 2015-03, “Simplifying the Presentation of Debt Issuance Costs.” As a result all debt issuance costs paid to third parties, other than the lender, incurred to issue mortgage debt are presented on the balance sheet as a direct deduction from the carrying value. Debt issuance costs related to our senior unsecured revolving credit facility will continue to be presented as an asset on the balance sheet. Debt issuance costs related to our senior unsecured term loan facility (as defined below) will be presented as an asset on the balance sheet until a draw is made, at which time the debt issuance costs will be a direct deduction from the carrying value. On January 1, 2016, the Company adopted ASU 2015 – 16, Simplifying the Accounting for Measurement Period Adjustments (Topic 805), which addresses provisional amounts for items in a business combination for which the accounting is incomplete by the end of the reporting period. The implementation of this update did not have an impact in our condensed consolidated financial statements.
Recent Accounting Pronouncements Not Yet Adopted	Recent Accounting Pronouncements Not Yet Adopted In August 2014, the Financial Accounting Standards Board (FASB) issued ASU 2014-15, Presentation of Financial Statements – Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern, which requires management to evaluate whether there are conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern, and to provide certain disclosures when it is probable that the entity will be unable to meet its obligations as they become due within one year after the date that the financial statements are issued. ASU 2014-15 is effective for annual reporting periods ending after December 15, 2016, with early adoption permitted. The Company is in the process of evaluating the impact of this new guidance. In February 2016, the FASB issued ASU No. 2016-02, Leases, which sets out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract (i.e., lessees and lessors). The new standard requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase of the leased asset by the lessee. This classification will determine whether the lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease. A lessee is also required to record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. Leases with a term of 12 months or less will be accounted for in the same manner as operating leases today. The new standard requires lessors to account for leases using an approach that is substantially equivalent to existing guidance for sales-type leases, direct financing leases and operating leases. ASU No. 2016-02 is effective for reporting periods beginning after December 15, 2018, with early adoption permitted. The Company is in the process of evaluating the impact of this new guidance. In March 2016, the FASB issued ASU No. 2016-09, Compensation – Stock Compensation, which identifies areas for simplification involving several aspects of accounting for share-based payment transactions. The new guidance allows for entities to make an entity-wide accounting policy election to either estimate the number of awards that are expected to vest or account for forfeitures when they occur. In addition, the guidance allows employers to withhold shares to satisfy minimum statutory tax withholding requirements up to the employees’ maximum individual tax rate without causing the award to be classified as a liability. The guidance also stipulates that cash paid by an employer to a taxing authority when directly withholding shares for tax-withholding purposes should be classified as a financing activity on the statement of cash flows. ASU No. 2016-09 is effective for reporting periods beginning after December 15, 2016. The Company is in the process of evaluating the impact of this new guidance. In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230), which provides classification guidance for certain cash receipts and cash payments including payment of debt extinguishment costs, settlement of zero-coupon debt instruments, insurance claim payments and distributions from equity method investees. The standard is effective on January 1, 2018, with early adoption permitted. The Company is in the process of evaluating the impact of this new guidance.

Real Estate and Intangibles (Ta

Real Estate and Intangibles (Tables)	9 Months Ended
	Sep. 30, 2016
Real Estate [Abstract]
Fair Values of Assets Acquired and Liabilities Assumed	During the nine months ended September 30, 2016, we acquired five operating properties, ICE – Albuquerque, NPS – Omaha, DEA – Birmingham, FBI – Birmingham and EPA – Kansas City for an aggregate purchase price of $129.4 million. We allocated the purchase price of these acquisitions based on the estimated fair values of the acquired assets and assumed liabilities as follows (dollars in thousands): Total Real estate Land $ 6,576 Building 104,064 Acquired tenant improvements 4,897 Total real estate 115,537 Intangible assets In-place leases 14,840 Acquired leasing commissions 2,599 Total intangible assets 17,439 Intangible liabilities Below-market leases (3,573 ) Total intangible liabilities (3,573 ) Purchase price $ 129,403
Proforma Financial Information of Future Operating Results	The pro forma information is not necessarily indicative of the results that actually would have occurred nor does it intend to indicate future operating results (dollars in thousands): For the nine months ended September 30, Proforma (unaudited) 2016 2015 Total rental revenue $ 81,197 $ 79,447 Net income (loss) (1) 5,219 5,367
Schedule of Real Estate and Intangibles	Real estate and intangibles consisted of the following as of September 30, 2016 (dollars in thousands): Total Real estate properties, net Land $ 109,912 Building 760,668 Acquired tenant improvements 39,762 Construction in progress 4,516 Accumulated amortization (33,896 ) Total Real estate properties, net $ 880,962 Intangible assets, net In-place leases $ 118,759 Acquired leasing commissions 22,835 Above market leases 10,631 Accumulated amortization (36,125 ) Total Intangible assets, net $ 116,100 Intangible liabilities, net Below market leases $ (54,272 ) Accumulated amortization 12,378 Total Intangible liabilities, net $ (41,894 )

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2016
Summary of Borrowings	At September 30, 2016, our borrowings consisted of the following (dollars in thousands): Total Revolving credit facility $ 206,667 Mortgage notes payable, net 81,552 Total $ 288,219
Mortgage Notes Payable, Net [Member]
Summary of Mortgage Debt Collateralized By Underlying Real Estate	The table below provides a summary of our mortgage debt which is collateralized by the underlying real estate at September 30, 2016 (dollars in thousands): Property Fixed/ Floating Contractual Interest Rate Effective Interest Rate Maturity Date Principal Balance Premium/ Discount Deferred Financing Carrying Value CBP - Savannah Fixed 3.40 % 4.12 % July 2033 $ 15,078 $ (795 ) $ — $ 14,283 ICE - Charleston Fixed 4.21 % 3.93 % January 2027 21,194 368 — 21,562 MEPCOM - Jacksonville Fixed 4.41 % 3.89 % October 11,872 286 — 12,158 USFS II - Albuquerque Fixed 4.46 % 3.92 % July 2026 17,264 622 — 17,886 DEA - Pleasanton Floating LIBOR + 150bps 1.80 % October 2023 15,700 — (37 ) 15,663 Total $ 81,108 $ 481 $ (37 ) $ 81,552

Equity (Tables)

Equity (Tables)	9 Months Ended
	Sep. 30, 2016
Equity [Abstract]
Summary of Changes In Stockholders' Equity	The following table summarizes the changes in our stockholders’ equity for the nine months ended September 30, 2016 and 2015 (dollars in thousands): Shares Common Stock Par Value Additional Paid-in Capital Retained (Deficit) Distributions in Excess of Earnings Non- controlling Interest in Operating Partnership Member Capital/ (Deficit) Non- controlling Interests Total Equity Nine months ended September 30, 2016 Balance at December 31, 2015 24,168,379 $ 241 $ 391,767 $ (1,694 ) $ (13,051 ) $ 242,631 $ — $ — $ 619,894 Stock based compensation — 221 — — 1,943 — — 2,164 Dividends and distributions paid — — — (20,893 ) (8,352 ) — — (29,245 ) Grant of unvested restricted stock 16,128 — — — — — — — — Redemption of common units for shares of common stock 6,257,640 64 96,514 — — (96,578 ) — — — Public offering 4,719,045 47 80,791 — — — — — 80,838 Net income — — 2,269 — 1,005 — — 3,274 Allocation of non-controlling interest in Operating Partnership — (773 ) — — 773 — — — Balance at September 30, 2016 35,161,192 $ 352 $ 568,520 $ 575 $ (33,944 ) $ 141,422 $ — $ — $ 676,925 Nine months ended September 30, 2015 Balance at December 31, 2014 1,000 $ — $ 1 $ — $ — $ — $ 13,336 $ 283,847 $ 297,184 Distributions — — — — — (9 ) (5,432 ) (5,441 ) Exchange of members’ capital and non-controlling interests for common units and shares of common stock 3,308,000 33 67,312 — — 194,530 (12,738 ) (249,137 ) — Public offering 13,800,000 138 191,445 — — — — — 191,583 Proceeds of private placement 7,033,712 70 105,435 — — — (589 ) (29,278 ) 75,638 Contribution of Western Devcon properties for common units — — — — 86,397 — — 86,397 Stock based compensation — 209 — — 966 — — 1,175 Grant of unvested restricted stock 26,667 — — — — — — — — Buyback of common stock (1,000 ) — (1 ) — — — — — (1 ) Dividends and distributions paid — — — (7,734 ) (4,998 ) (12,732 ) Net loss — — (1,799 ) — (4,419 ) — — (6,218 ) Allocation of non-controlling interest in Operating Partnership — 26,956 — — (26,956 ) — — — Balance at September 30, 2015 24,168,379 $ 241 $ 391,357 $ (1,799 ) $ (7,734 ) $ 245,520 $ — $ — $ 627,585
Summary of Shares of Restricted Common Stock and LTIP Unit Awards	A summary of our shares of restricted common stock and LTIP unit awards at September 30, 2016 is as follows: Restricted Shares Restricted Shares Weighted Average Grant Date Fair Value LTIP Units LTIP Units Weighted Average Grant Date Fair Value Outstanding, December 31, 2015 26,667 $ 15.00 891,000 $ 8.67 Vested (26,667 ) 15.00 — — Granted 16,128 18.60 40,000 14.15 Forfeited — — (5,000 ) 8.67 Outstanding, September 30, 2016 16,128 $ 18.60 926,000 $ 8.91

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2016
Earnings Per Share [Abstract]
Summary of Basic and Diluted Earnings Per Common Share	The following table sets forth the computation of the Company’s basic and diluted earnings per share of common stock for the three and nine months ended September 30, 2016 and 2015 (amounts in thousands, except per share amounts): For the three months ended September 30, For the nine months ended September 30, 2016 2015 2016 2015 Numerator Net income (loss) $ 1,128 $ 818 $ 3,274 $ (6,218 ) Less: Non-controlling interest in Operating Partnership (233 ) (320 ) (1,005 ) 4,419 Net income (loss) available to Easterly Government Properties, Inc. 895 498 2,269 (1,799 ) Less: Dividends on participating securities (25 ) (24 ) (76 ) (37 ) Net income (loss) available to common stockholders $ 870 $ 474 $ 2,193 $ (1,836 ) Denominator for basic EPS 34,967,482 24,141,712 28,886,697 20,516,184 Dilutive effect of share-based compensation awards 4,686 12,072 12,772 — Dilutive effect of LTIP units 1,708,468 1,062,932 1,673,218 — Dilutive effect of forward shares 223,928 — 149,702 — Denominator for diluted EPS 36,904,564 25,216,716 30,722,389 20,516,184 Basic EPS $ 0.02 $ 0.02 $ 0.08 $ (0.09 ) Diluted EPS $ 0.02 $ 0.02 $ 0.07 $ (0.09 )

Operating Leases (Tables)

Operating Leases (Tables)	9 Months Ended
	Sep. 30, 2016
Leases [Abstract]
Summary of Future Non Cancellable Minimum Contractual Rent Payments	Our rental properties are subject to generally non-cancelable operating leases generating future minimum contractual rent payments due from tenants. As of September 30, 2016, future non-cancelable minimum contractual rent payments are as follows (dollars in thousands): Payments due by period Total 2016 2017 2018 2019 2020 Thereafter Operating Leases Minimum lease payments $ 491,338 18,170 71,884 69,733 64,020 56,343 211,188

Organization and Basis of Pre21

Organization and Basis of Presentation - Additional Information (Detail) $ / shares in Units, ft² in Millions	Feb. 11, 2015USD ($)Property$ / sharesshares	Sep. 30, 2016ft²Property	Sep. 30, 2015USD ($)
Organization And Significant Accounting Policies [Line Items]
Gross proceeds from initial public offering | $	$ 207,000,000
Debt payoff | $	293,381,000		$ 293,381,000
Outstanding common units of partnership interest owned percentage		79.10%
Senior Unsecured Revolving Credit Facility [Member]
Organization And Significant Accounting Policies [Line Items]
Credit facility current borrowing capacity | $	$ 400,000,000
Western Devcon, Inc [Member]
Organization And Significant Accounting Policies [Line Items]
Number of properties | Property	14
Number of stock units exchanged	5,759,819
Management Entities [Member]
Organization And Significant Accounting Policies [Line Items]
Number of stock units exchanged	1,135,406
Easterly Funds [Member]
Organization And Significant Accounting Policies [Line Items]
Number of properties | Property	15
Common stock shares exchanged	3,308,000
Number of stock units exchanged	8,635,714
IPO [Member]
Organization And Significant Accounting Policies [Line Items]
Shares issued, number of shares	13,800,000
Par value per share | $ / shares	$ 15
Net proceeds from initial public offering | $	$ 191,600,000
Over-Allotment Option [Member]
Organization And Significant Accounting Policies [Line Items]
Shares issued, number of shares	1,800,000
Private Placement [Member]
Organization And Significant Accounting Policies [Line Items]
Shares issued, number of shares	7,033,712
Shares issued, price per share | $ / shares	$ 15
Wholly Owned Operating Properties [Member]
Organization And Significant Accounting Policies [Line Items]
Number of properties | Property		41
Aggregate area of land | ft²		3
Wholly Owned Operating Properties [Member] | Government [Member]
Organization And Significant Accounting Policies [Line Items]
Number of properties | Property		38
Wholly Owned Operating Properties [Member] | Private Tenants [Member]
Organization And Significant Accounting Policies [Line Items]
Number of properties | Property		3
Wholly Owned Properties Under Development [Member]
Organization And Significant Accounting Policies [Line Items]
Number of properties | Property		1
Aggregate area of land | ft²		0.1

Real Estate and Intangibles - A

Real Estate and Intangibles - Additional Information (Detail) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016USD ($)Property	Sep. 30, 2015USD ($)	Sep. 30, 2016USD ($)Property	Sep. 30, 2015USD ($)
Real Estate Properties [Line Items]
Net loss/income	$ 895	$ 498	$ 2,269	$ (1,799)
Acquisition-related costs	$ 660	$ 235	1,339	$ 1,870
Consolidated Properties [Member]
Real Estate Properties [Line Items]
Revenues			4,600
Net loss/income			$ 1,500
ICE – Albuquerque NPS – Omaha DEA – Birmingham FBI – Birmingham and EPA – Kansas City [Member]
Real Estate Properties [Line Items]
Number of properties | Property	5		5
Purchase price	$ 129,403		$ 129,403
Weighted average amortization period			6 years 8 months 23 days
Acquisition-related costs			$ 1,300
FDA – Alameda
Real Estate Properties [Line Items]
Number of properties | Property	1		1

Real Estate and Intangibles - F

Real Estate and Intangibles - Fair Values of Assets Acquired and Liabilities Assumed (Detail) - ICE – Albuquerque NPS – Omaha DEA – Birmingham FBI – Birmingham and EPA – Kansas City [Member] $ in Thousands	Sep. 30, 2016USD ($)
Business Acquisition [Line Items]
Total real estate	$ 115,537
Total Intangibles	17,439
Total intangible liabilities	(3,573)
Purchase price	129,403
Real Estate Investment [Member]
Business Acquisition [Line Items]
Land	6,576
Building	104,064
Acquired tenant improvements	4,897
In-place leases [Member]
Business Acquisition [Line Items]
Total Intangibles	14,840
Acquired Leasing Commissions [Member]
Business Acquisition [Line Items]
Total Intangibles	2,599
Below Market Leases [Member]
Business Acquisition [Line Items]
Total intangible liabilities	$ (3,573)

Real Estate and Intangibles - P

Real Estate and Intangibles - Proforma Financial Information of Future Operating Results (Detail) - USD ($) $ in Thousands		9 Months Ended
		Sep. 30, 2016	Sep. 30, 2015
Real Estate [Abstract]
Total rental revenue		$ 81,197	$ 79,447
Net income (loss)	[1]	$ 5,219	$ 5,367
[1]	The net income for the nine months ended September 30, 2016 excludes $1.3 million of property acquisition costs. Additionally, the net income for the nine months ended September 30, 2015 was adjusted to include these acquisition costs and exclude the $3.5 million of property acquisition and formation costs incurred during the nine months ended September 30, 2015.

Real Estate and Intangibles -25

Real Estate and Intangibles - Proforma Financial Information of Future Operating Results (Detail Parenthetical) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
ICE – Albuquerque NPS – Omaha DEA – Birmingham FBI – Birmingham and EPA – Kansas City [Member]
Real Estate Properties [Line Items]
Property acquisition costs	$ 1.3
DOE - Lakewood and AOC - Aberdeen and ICE - Otay and DEA - Pleasanton and USCIS - Lincoln and DEA - Dallas Lab and FBI - Richmond [Member]
Real Estate Properties [Line Items]
Property acquisition and formation costs		$ 3.5

Real Estate and Intangibles - S

Real Estate and Intangibles - Schedule of Real Estate and Intangibles (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Real estate properties, net
Land	$ 109,912
Building	760,668
Acquired tenant improvements	39,762
Construction in progress	4,516
Accumulated amortization	(33,896)
Total Real estate properties, net	880,962	$ 772,007
Intangible assets, net
Accumulated amortization	(36,125)
Total Intangible assets, net	116,100
Intangible liabilities, net
Intangible Liabilities, Below market leases	(54,272)
Intangible Liabilities, Accumulated amortization	12,378
Total Intangible liabilities, net	41,894
In-place leases [Member]
Intangible assets, net
Above market leases	118,759
Acquired Leasing Commissions [Member]
Intangible assets, net
Above market leases	22,835
Above Market Leases [Member]
Intangible assets, net
Above market leases	$ 10,631

Debt - Summary of Borrowings (D

Debt - Summary of Borrowings (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Revolving credit facility	$ 206,667	$ 154,417
Mortgage notes payable, net	81,552	$ 83,744
Long term debt, Total	288,219
Senior Unsecured Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Revolving credit facility	$ 206,667

Debt - Additional Information (

Debt - Additional Information (Detail) - USD ($)	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 29, 2016	Dec. 31, 2015	Feb. 11, 2015
Debt Instrument [Line Items]
Outstanding borrowings	$ 206,667,000			$ 154,417,000
Amortization of deferred financing costs	649,000	$ 541,000
Mortgage Notes Payable, Net [Member]
Debt Instrument [Line Items]
Fair value of debt	$ 83,400,000
Unsecured Debt [Member] | Term Loan Facility [Member]
Debt Instrument [Line Items]
Term loan, face amount			$ 100,000,000
Maturity Date	Sep. 29, 2023
Debt instrument delayed draw period	180 days
Debt instrument prepayment without penalty starting period	2018-10
Debt instrument, variable rate description	(1) a fluctuating rate equal to the sum of (a) the highest of (x) PNC Bank, National Association’s base rate, (y) the federal funds open rate plus 0.50% and (z) the daily Eurodollar rate plus 1.00% plus (b) a margin ranging from 0.7% to 1.35%, or (2) a Eurodollar rate equal to a periodic fixed rate equal to LIBOR plus, a margin ranging from 1.7% to 2.35%, in each case with a margin based on our leverage ratio.
Percentage of prepayment penalty during first twelve months	2.00%
Percentage of prepayment penalty next twelve months	1.00%
Unsecured Debt [Member] | Term Loan Facility [Member] | Federal Funds Open Rate [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate margin	0.50%
Unsecured Debt [Member] | Term Loan Facility [Member] | Eurodollar [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate margin	1.00%
Unsecured Debt [Member] | Term Loan Facility [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate margin	1.70%
Unsecured Debt [Member] | Term Loan Facility [Member] | Minimum [Member] | Eurodollar [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate margin	0.70%
Unsecured Debt [Member] | Term Loan Facility [Member] | Minimum [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate margin	1.70%
Unsecured Debt [Member] | Term Loan Facility [Member] | Maximum [Member] | Eurodollar [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate margin	1.35%
Unsecured Debt [Member] | Term Loan Facility [Member] | Maximum [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate margin	2.35%
Senior Unsecured Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Credit facility current borrowing capacity					$ 400,000,000
Credit facility additional maximum borrowing capacity					250,000,000
Credit facility maximum borrowing capacity					$ 650,000,000
Interest rate payable on borrowings	1.93%
Weighted average annual interest rate	1.86%
Outstanding borrowings	$ 206,667,000
Amount available under revolving credit facility	193,300,000
Amortization of deferred financing costs	$ 600,000

Debt - Summary of Mortgage Debt

Debt - Summary of Mortgage Debt Collateralized By Underlying Real Estate (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Deferred Financing	$ (3,007)	$ (2,726)
Carrying Value	288,219
Mortgage Notes Payable, Net [Member]
Debt Instrument [Line Items]
Principal Balance	81,108
Premium/ Discount	481
Deferred Financing	(37)
Carrying Value	$ 81,552
Mortgage Notes Payable, Net [Member] | CBP Savannah [Member]
Debt Instrument [Line Items]
Fixed/ Floating	Fixed
Interest rate payable on borrowings	3.40%
Effective Interest Rate	4.12%
Maturity Date	Jul. 31, 2033
Principal Balance	$ 15,078
Premium/ Discount	(795)
Carrying Value	$ 14,283
Mortgage Notes Payable, Net [Member] | ICE Charleston [Member]
Debt Instrument [Line Items]
Fixed/ Floating	Fixed
Interest rate payable on borrowings	4.21%
Effective Interest Rate	3.93%
Maturity Date	Jan. 31, 2027
Principal Balance	$ 21,194
Premium/ Discount	368
Carrying Value	$ 21,562
Mortgage Notes Payable, Net [Member] | MEPCOM Jacksonville [Member]
Debt Instrument [Line Items]
Fixed/ Floating	Fixed
Interest rate payable on borrowings	4.41%
Effective Interest Rate	3.89%
Maturity Date	Oct. 31, 2025
Principal Balance	$ 11,872
Premium/ Discount	286
Carrying Value	$ 12,158
Mortgage Notes Payable, Net [Member] | USFS II Albuquerque [Member]
Debt Instrument [Line Items]
Fixed/ Floating	Fixed
Interest rate payable on borrowings	4.46%
Effective Interest Rate	3.92%
Maturity Date	Jul. 31, 2026
Principal Balance	$ 17,264
Premium/ Discount	622
Carrying Value	$ 17,886
Mortgage Notes Payable, Net [Member] | DEA Pleasanton [Member]
Debt Instrument [Line Items]
Fixed/ Floating	Floating
Effective Interest Rate	1.80%
Maturity Date	Oct. 31, 2023
Principal Balance	$ 15,700
Deferred Financing	(37)
Carrying Value	$ 15,663

Equity - Summary of Changes In

Equity - Summary of Changes In Stockholders' Equity (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Shareholders Equity [Line Items]
Balance			$ 619,894	$ 297,184
Balance (in shares)			24,168,379
Distributions				(5,441)
Public Offering			$ 80,838	191,583
Proceeds of private placement				75,638
Contribution of Western Devcon properties for common units				86,397
Stock based compensation			2,164	1,175
Dividends and distributions paid			(29,245)	(12,732)
Buyback of common stock				(1)
Net income (loss)	$ 1,128	$ 818	3,274	(6,218)
Balance	$ 676,925	627,585	$ 676,925	$ 627,585
Balance (in shares)	35,161,192		35,161,192
Common Stock Par Value [Member]
Shareholders Equity [Line Items]
Balance			$ 241
Balance (in shares)			24,168,379	1,000
Exchange of members’ capital and non-controlling interests for common units and shares of common stock				$ 33
Exchange of members’ capital and non-controlling interests for common units and shares of common stock (in shares)				3,308,000
Public Offering			$ 47	$ 138
Public Offering (in share)			4,719,045	13,800,000
Proceeds of private placement				$ 70
Proceeds of private placement (in share)				7,033,712
Grant of unvested restricted stock (in share)			16,128	26,667
Buyback of common stock (in shares)				(1,000)
Redemption of common units for shares of common stock			$ 64
Redemption of common units for shares of common stock (in share)			6,257,640
Balance	$ 352	$ 241	$ 352	$ 241
Balance (in shares)	35,161,192	24,168,379	35,161,192	24,168,379
Additional Paid-in Capital [Member]
Shareholders Equity [Line Items]
Balance			$ 391,767	$ 1
Exchange of members’ capital and non-controlling interests for common units and shares of common stock				67,312
Public Offering			80,791	191,445
Proceeds of private placement				105,435
Stock based compensation			221	209
Buyback of common stock				(1)
Redemption of common units for shares of common stock			96,514
Allocation of non-controlling interest in Operating Partnership			(773)	26,956
Balance	$ 568,520	$ 391,357	568,520	391,357
Retained (Deficit) [Member]
Shareholders Equity [Line Items]
Balance			(1,694)
Net income (loss)			2,269	(1,799)
Balance	575	(1,799)	575	(1,799)
Distributions in Excess of Earnings [Member]
Shareholders Equity [Line Items]
Balance			(13,051)
Dividends and distributions paid			(20,893)	(7,734)
Balance	(33,944)	(7,734)	(33,944)	(7,734)
Non-controlling Interest in Operating Partnership [Member]
Shareholders Equity [Line Items]
Balance			242,631
Exchange of members’ capital and non-controlling interests for common units and shares of common stock				194,530
Contribution of Western Devcon properties for common units				86,397
Stock based compensation			1,943	966
Dividends and distributions paid			(8,352)	(4,998)
Redemption of common units for shares of common stock			(96,578)
Net income (loss)			1,005	(4,419)
Allocation of non-controlling interest in Operating Partnership			773	(26,956)
Balance	$ 141,422	$ 245,520	$ 141,422	245,520
Member Capital/(Deficit) [Member]
Shareholders Equity [Line Items]
Balance				13,336
Distributions				(9)
Exchange of members’ capital and non-controlling interests for common units and shares of common stock				(12,738)
Proceeds of private placement				(589)
Non-controlling Interests [Member]
Shareholders Equity [Line Items]
Balance				283,847
Distributions				(5,432)
Exchange of members’ capital and non-controlling interests for common units and shares of common stock				(249,137)
Proceeds of private placement				$ (29,278)

Equity - Additional Information

Equity - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	Nov. 03, 2016	Aug. 03, 2016	Jun. 07, 2016	May 04, 2016	May 06, 2015	Sep. 30, 2016	Sep. 30, 2016	Feb. 26, 2016	Dec. 31, 2015
Stockholders Equity Note Disclosure [Line Items]
Unrecognized compensation expense						$ 4.9	$ 4.9
Risk-free rate							0.70%
Expected volatility assumption							20.00%
Expected dividend yield							5.50%
Common Stock, shares issued						35,161,192	35,161,192		24,168,379
Common Stock, shares outstanding						35,161,192	35,161,192		24,168,379
Dividends per share		$ 0.23		$ 0.23
Dividends payable, date of record		Aug. 26, 2016		Jun. 8, 2016
Dividends payable, date to be paid		Sep. 13, 2016		Jun. 23, 2016
Dividend rate percentage		10.00%		10.00%
Subsequent Event [Member]
Stockholders Equity Note Disclosure [Line Items]
Dividends per share	$ 0.24
Dividends payable, date of record	Dec. 7, 2016
Dividends payable, date to be paid	Dec. 22, 2016
Dividend rate percentage	10.00%
Easterly Funds [Member]
Stockholders Equity Note Disclosure [Line Items]
Redemption of common units to common stock (in share)						6,257,640
Underwritten Public Offering [Member]
Stockholders Equity Note Disclosure [Line Items]
Common Stock, shares issued			6,219,045
Shares offered directly by the company			4,719,045
Shares offered on forward basis			1,500,000
Gross proceeds from shares sold to underwriters			$ 84.9
Forward contract initial price per share			$ 17.235
Expected settlement date of the forward contract							Dec. 7, 2016
2015 Equity Incentive Plan [Member]
Stockholders Equity Note Disclosure [Line Items]
Common stock issued to non-employee directors							16,128
Compensation expense recognized							$ 2.2
Common Stock, shares issued						0	0
Common Stock, shares outstanding						0	0
Long Term Incentive Plan [Member]
Stockholders Equity Note Disclosure [Line Items]
Issuing of LTIP units of limited partnership interest					891,000			40,000
Tranche One [Member] | Long Term Incentive Plan [Member]
Stockholders Equity Note Disclosure [Line Items]
Percentage of shares vest under long term incentive plan					50.00%
Tranche Two [Member] | Long Term Incentive Plan [Member]
Stockholders Equity Note Disclosure [Line Items]
Percentage of shares vest under long term incentive plan					50.00%

Equity - Summary of Shares of R

Equity - Summary of Shares of Restricted Common Stock and LTIP Unit Awards (Detail)	9 Months Ended
	Sep. 30, 2016$ / sharesshares
Restricted Shares [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares/Units, Outstanding beginning balance | shares	26,667
Shares/Units, Vested | shares	(26,667)
Shares/Units, Granted | shares	16,128
Shares/Units, Outstanding ending balance | shares	16,128
Weighted Average Grant Date Fair Value, Outstanding beginning balance | $ / shares	$ 15
Weighted Average Grant Date Fair Value, Vested | $ / shares	15
Weighted Average Grant Date Fair Value, Granted | $ / shares	18.60
Weighted Average Grant Date Fair Value, Outstanding ending balance | $ / shares	$ 18.60
Long Term Incentive Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares/Units, Outstanding beginning balance | shares	891,000
Shares/Units, Granted | shares	40,000
Shares/Units, Forfeited | shares	(5,000)
Shares/Units, Outstanding ending balance | shares	926,000
Weighted Average Grant Date Fair Value, Outstanding beginning balance | $ / shares	$ 8.67
Weighted Average Grant Date Fair Value, Granted | $ / shares	14.15
Weighted Average Grant Date Fair Value, Forfeited | $ / shares	8.67
Weighted Average Grant Date Fair Value, Outstanding ending balance | $ / shares	$ 8.91

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, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Earnings Per Share Basic And Diluted [Line Items]
Net income (loss)	$ 1,128	$ 818	$ 3,274	$ (6,218)
Less: Non-controlling interest in Operating Partnership	(233)	(320)	(1,005)	4,419
Net income (loss) available to Easterly Government Properties, Inc.	895	498	2,269	(1,799)
Less: Dividends on participating securities	(25)	(24)	(76)	(37)
Net income (loss) available to common stockholders	$ 870	$ 474	$ 2,193	$ (1,836)
Denominator for basic EPS	34,967,482	24,141,712	28,886,697	20,516,184
Denominator for diluted EPS	36,904,564	25,216,716	30,722,389	20,516,184
Basic EPS	$ 0.02	$ 0.02	$ 0.08	$ (0.09)
Diluted EPS	$ 0.02	$ 0.02	$ 0.07	$ (0.09)
Stock Compensation Plan
Earnings Per Share Basic And Diluted [Line Items]
Dilutive effect	4,686	12,072	12,772
Long Term Incentive Plan [Member]
Earnings Per Share Basic And Diluted [Line Items]
Dilutive effect	1,708,468	1,062,932	1,673,218
Forward Shares [Member]
Earnings Per Share Basic And Diluted [Line Items]
Dilutive effect	223,928		149,702

Operating Leases - Summary of F

Operating Leases - Summary of Future Minimum Rental Payments (Detail) $ in Thousands	Sep. 30, 2016USD ($)
Leases [Abstract]
Minimum lease payments, Total	$ 491,338
Minimum lease payments, 2016	18,170
Minimum lease payments, 2017	71,884
Minimum lease payments, 2018	69,733
Minimum lease payments, 2019	64,020
Minimum lease payments, 2020	56,343
Minimum lease payments, Thereafter	$ 211,188

Operating Leases - Additional I

Operating Leases - Additional Information (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2016USD ($)Tenants	Sep. 30, 2015USD ($)	Jun. 18, 2016ft²
Leases [Abstract]
Number of consolidated operating properties	100.00%
Rental income attributable to base rent	$ 63,100
Number of tenants | Tenants	22
Straight-line rent adjustments	$ 200
Amortization of above and below market leases	$ 5,225	$ 3,359
Area of leased laboratory premises | ft²			65,810
Lease term	20 years

Concentrations Risk - Additiona

Concentrations Risk - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2016Property
Wholly Owned Properties [Member]
Concentration Risk [Line Items]
Number of properties	41
California [Member]
Concentration Risk [Line Items]
Number of properties	13
Lease Income [Member] | Credit Concentration Risk [Member] | California [Member]
Concentration Risk [Line Items]
Percentage of concentrations risk	27.50%
Rentable Square Feet [Member] | Credit Concentration Risk [Member] | California [Member]
Concentration Risk [Line Items]
Percentage of concentrations risk	20.90%
General Services Administration And Other Federal Agencies [Member] | Lease Income [Member] | Credit Concentration Risk [Member]
Concentration Risk [Line Items]
Percentage of concentrations risk	96.90%
Non Governmental Tenants [Member] | Lease Income [Member] | Credit Concentration Risk [Member]
Concentration Risk [Line Items]
Percentage of concentrations risk	3.10%

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - Subsequent Event [Member] - Senior Unsecured Term Loan Facility [Member] - Interest Rate Swaps [Member] $ in Millions	Oct. 27, 2016USD ($)Swap
Subsequent Event [Line Items]
Number of forward interest rate swaps | Swap	2
Aggregate notional value of interest rate swaps | $	$ 100
Forward swaps effective date	Mar. 29, 2017
Maturity of the term loan	Sep. 29, 2023
Forward swaps interest rate	3.12%