v3.26.3
Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2026
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, 2026 and 2025 (amounts in thousands, except per share amounts):

 

 

For the three months ended September 30,

 

 

For the nine months ended September 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

5,689

 

 

$

1,247

 

 

$

10,261

 

 

$

8,784

 

Less: Non-controlling interest in Operating Partnership

 

 

(189

)

 

 

(34

)

 

 

(346

)

 

 

(373

)

Net income available to Easterly Government Properties, Inc.

 

 

5,500

 

 

 

1,213

 

 

 

9,915

 

 

 

8,411

 

Less: Dividends on participating securities

 

 

(242

)

 

 

(148

)

 

 

(721

)

 

 

(495

)

Net income available to common stockholders

 

$

5,258

 

 

$

1,065

 

 

$

9,194

 

 

$

7,916

 

Denominator for basic EPS

 

 

47,250,107

 

 

 

45,337,184

 

 

 

46,661,566

 

 

 

44,532,044

 

Dilutive effect of share-based compensation awards

 

 

33,718

 

 

 

11,080

 

 

 

31,202

 

 

 

4,175

 

Dilutive effect of LTIP units (1)

 

 

270,511

 

 

 

137,111

 

 

 

209,806

 

 

 

114,528

 

Denominator for diluted EPS

 

 

47,554,336

 

 

 

45,485,375

 

 

 

46,902,574

 

 

 

44,650,747

 

Basic EPS

 

$

0.11

 

 

$

0.02

 

 

$

0.20

 

 

$

0.18

 

Diluted EPS

 

$

0.11

 

 

$

0.02

 

 

$

0.20

 

 

$

0.18

 

 

(1)
During the three and nine months ended September 30, 2026, there were 1,260,851 and 1,272,038 unvested performance-based LTIP units, respectively, 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, 2025, there were 1,025,177 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.