newsfilter
← Latest News
Business Wire·

Easterly Government Properties Receives Affirmation of Investment Grade Credit Rating

  • KBRA affirmed Easterly Government Properties' BBB issuer & securities ratings with a Stable Outlook.
  • The affirmation reflects stable cash flows, strong tenant credit quality, & a conservative balance sheet.
  • Key strengths include long-term leases with mission-critical federal agencies & the durability of government tenancy.
  • Easterly maintains a 97% occupancy rate & a weighted average lease term of approximately 10 years.
  • CEO Darrell Crate stated the company aims to become an investment grade bond issuer while accelerating growth.
  • The company focuses on Class A commercial properties leased to the U.S. Government directly or through the GSA.