Easterly Government Properties Receives Affirmation of Investment Grade Credit Rating

Core Viewpoint - Kroll Bond Rating Agency (KBRA) has affirmed Easterly Government Properties, Inc.'s BBB issuer and securities ratings with a Stable Outlook, reflecting the company's strong tenant credit quality and conservative balance sheet management [1][2]. Group 1: Company Overview - Easterly Government Properties, Inc. is a real estate investment trust (REIT) focused on acquiring, developing, and managing Class A commercial properties leased to the U.S. Government [1][5]. - The company has a portfolio with 97% occupancy and a weighted average lease term of approximately 10 years, indicating stability in its operations [3]. Group 2: Financial Strengths - The affirmation of the BBB rating is supported by Easterly's stable cash flows and long-term leases with mission-critical federal agencies, highlighting the durability of government tenancy as a key strength [2][3]. - The company's disciplined balance sheet and creditworthy tenant base are foundational to delivering predictable value for shareholders [3]. Group 3: Future Outlook - The company aims to become an investment-grade bond issuer as it accelerates growth, indicating a positive trajectory for future financing and expansion [3].