false000162219400016221942024-01-232024-01-23
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
|
Date of Report (Date of earliest event reported): January 23, 2024 |
Easterly Government Properties, Inc.
(Exact name of Registrant as Specified in Its Charter)
|
|
|
|
|
Maryland |
001-36834 |
47-2047728 |
(State or Other Jurisdiction
of Incorporation) |
(Commission File Number) |
(IRS Employer
Identification No.) |
|
|
|
|
|
2001 K Street NW Suite 775 North |
|
Washington, District of Columbia |
|
20006 |
(Address of Principal Executive Offices) |
|
(Zip Code) |
|
Registrant’s Telephone Number, Including Area Code: (202) 595-9500 |
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
|
|
|
|
|
Title of each class
|
|
Trading
Symbol(s) |
|
Name of each exchange on which registered
|
Common Stock |
|
DEA |
|
The New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01 Entry into a Material Definitive Agreement.
On January 23, 2024, Easterly Government Properties, Inc. (the “Company”), its operating partnership, Easterly Government Properties LP (the “Operating Partnership”), and certain subsidiaries of the Operating Partnership entered into a seventh amendment (the “Seventh Amendment”) to its senior unsecured term loan agreement, dated as of September 29, 2016 (as amended, the “Term Loan Agreement”), with PNC Bank, National Association, as administrative agent and a lender, and U.S. Bank National Association and Truist Bank, as lenders. The Seventh Amendment extends the maturity date of the term loan from March 29, 2024 to January 30, 2025. Other than the foregoing, the material terms of the Term Loan Agreement remain unchanged.
Certain of the banks and financial institutions that are parties to the Term Loan Agreement and their respective affiliates have in the past provided, are currently providing, and in the future may continue to provide investment banking, commercial banking and other financial services to the Company and its affiliates in the ordinary course of business for which they have received and will receive customary compensation.
The foregoing description of the Seventh Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Seventh Amendment, which is filed as Exhibit 10.1 hereto and is incorporated herein by reference.
Item 7.01 Regulation FD Disclosure.
A copy of the Company’s press release announcing the execution of the Seventh Amendment is furnished herewith as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits:
|
|
Exhibit Number |
Description |
10.1 |
Seventh Amendment to Term Loan Agreement, dated as of January 23, 2024, by and among the Company, the Operating Partnership, the Guarantors named therein, PNC Bank, National Association, as Administrative Agent and a Lender, and U.S. Bank National Association and Truist Bank, as Lenders |
99.1 |
Press Release, dated January 25, 2024. |
104 |
Cover Page Interactive Data File (embedded within the inline XBRL document.) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
|
|
|
|
|
|
EASTERLY GOVERNMENT PROPERTIES, INC. |
|
|
|
|
Date: |
January 25, 2024 |
By: |
/s/ Franklin V. Logan |
|
|
|
Franklin V. Logan
Executive Vice President, General Counsel and Secretary |
EXHIBIT 10.1
EXECUTION VERSION
SEVENTH AMENDMENT TO TERM LOAN AGREEMENT
This Seventh Amendment to Term Loan Agreement (this “Amendment”) is entered into as of this 23rd day of January, 2024, among EASTERLY GOVERNMENT PROPERTIES LP, a Delaware limited partnership (the “Borrower”), EASTERLY GOVERNMENT PROPERTIES, INC., a Maryland corporation (the “Parent”), the entities listed on the signature pages hereto as the subsidiary guarantors from time to time (the “Subsidiary Guarantors” and, together with the Parent, the “Guarantors”), the banks, financial institutions and other institutional lenders listed on the signature pages hereof as the lenders (each a “Lender” and collectively, the “Lenders”) and PNC BANK, NATIONAL ASSOCIATION, as administrative agent (the “Administrative Agent”) for the Lenders.
Recitals
The Borrower, the Administrative Agent and the Lenders have entered into a certain Term Loan Agreement dated as of September 29, 2016 (as amended by that certain First Letter Amendment dated as of October 28, 2016, that certain Second Amendment to Term Loan Agreement dated as of June 18, 2018, that certain Third Letter Amendment dated as of October 3, 2018, that certain Fourth Amendment to Term Loan Agreement dated as of July 23, 2021, that certain Fifth Amendment to Term Loan Agreement dated as of November 29, 2022 and that certain Sixth Amendment to Term Loan Agreement dated as of May 30, 2023, the “Loan Agreement”). Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed thereto in the Loan Agreement. The Borrower has requested that the Administrative Agent and the Lenders amend the Loan Agreement to extend the Maturity Date and the Administrative Agent and the Lenders are willing to make such amendment to the Loan Agreement in accordance with and subject to the terms and conditions set forth herein.
NOW, THEREFORE, in consideration of the agreements hereinafter set forth, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows:
Article I
AMENDMENTS TO LOAN AGREEMENT
Clause (a) in the definition of “Maturity Date” in Section 1.01 of the Loan Agreement is hereby deleted in its entirety and replaced with “(a) January 30, 2025,”.
Article II
CONDITIONS TO EFFECTIVENESS
(a)This Amendment shall become effective on the date (the “Amendment Effective Date”) that is the later of (1) the date hereof and (2) the first date on which, and only if, each of the following conditions precedent shall have been satisfied:
(i)The Administrative Agent shall have received counterparts of this Amendment executed by the Borrower and the Guarantors;
(ii)The Administrative Agent shall have received counterparts of this Amendment executed by each of the Lenders;
(iii)The Administrative Agent shall have received a certificate of the Secretary or an Assistant Secretary of each Loan Party (or Responsible Officer of the general partner or managing member of any Loan Party) and of each general partner or managing member (if any) of each Loan Party certifying the names and true signatures of the officers of such Loan Party, or of the general partner or managing member of such Loan Party, authorized to sign this Amendment and any related Loan Documents to be delivered in connection with this Amendment; and
(iv)All of the fees and expenses of the Administrative Agent (including the reasonable fees and expenses of counsel for the Administrative Agent) due and payable on the Amendment Effective Date shall have been paid in full.
(b)The effectiveness of this Amendment is further conditioned upon the accuracy of the factual matters described herein.
3.1Amended Terms. On and after the Amendment Effective Date, all references to the Loan Agreement in each of the Loan Documents shall hereafter mean the Loan Agreement as amended and modified by this Amendment. Except as specifically amended and modified hereby, the Loan Agreement and each of the other Loan Documents are hereby ratified and confirmed by the Loan Parties and shall remain in full force and effect according to their respective terms.
3.2Representations and Warranties of Loan Parties. Each of the Loan Parties represents and warrants as follows:
(a)It has taken all necessary action to authorize the execution, delivery and performance of this Amendment.
(b)This Amendment has been duly executed and delivered by such Person and constitutes such Person’s legal, valid and binding obligation, enforceable in accordance with its terms, except as such enforceability may be subject to (i) bankruptcy, insolvency, reorganization, fraudulent conveyance or transfer, moratorium or similar laws affecting creditors’ rights generally and (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding at law or in equity).
(c)No consent, approval, authorization or order of, or filing, registration or qualification with, any court or governmental authority or third party is required in connection with the execution, delivery or performance by such Person of this Amendment.
(d)After giving effect to this Amendment, the representations and warranties set forth in Article IV of the Loan Agreement are true and correct in all material respects (unless qualified as to materiality or Material Adverse Effect, in which case such representations and warranties shall be true and correct in all respects and except to the extent any such representation or warranty is stated to relate solely to an earlier date, in which case such representation or warranty shall have been true and correct on and as of such earlier date, and except further to the extent any such representations and warranties that are no longer true and correct as a result of factual changes since the Closing Date that are permitted under the Loan Agreement) as of the date hereof (except for those which expressly relate to an earlier date, in which case such representations and warranties shall be true and correct as of such earlier date).
(e)As of the date hereof, to the knowledge of the Borrower, there exists no Default or Event of Default under any of the Loan Documents.
2
(f)The Obligations are not subject to any offsets, defenses or counterclaims.
3.3Reaffirmation of Obligations. Except as specifically amended or modified hereby, each Loan Party hereby ratifies the Loan Agreement and the other Loan Documents and acknowledges and reaffirms (a) that it is bound by all terms of the Loan Agreement and the other Loan Documents applicable to it and (b) that it is responsible for the observance and full performance of the Obligations.
3.4Loan Document. This Amendment shall constitute a Loan Document under the terms of the Loan Agreement. On and after the effectiveness of this Amendment, each reference in the Loan Agreement to “this Amendment”, “hereunder”, “hereof” or words of like import referring to the Loan Agreement, and each reference in the other Loan Documents to “the Loan Agreement”, “thereunder”, “thereof” or words of like import referring to the Loan Agreement, shall mean and be a reference to the Loan Agreement, as amended and modified by this Amendment. No amendment, modification, or waiver of any of the provisions of this Amendment by any party hereto shall be deemed to be made unless the same shall be in writing signed on behalf of each party hereto.
3.5Expenses. Each Loan Party agrees jointly and severally to pay, in accordance with Section 9.04 of the Loan Agreement, all reasonable and documented out-of-pocket costs and expenses of the Administrative Agent in connection with the preparation, execution and delivery of this Amendment, including without limitation, the reasonable and documented fees and expenses of O’Melveny & Myers LLP, counsel for the Administrative Agent.
3.6Further Assurances. The Loan Parties agree to promptly take such action, upon the request of the Administrative Agent, as is necessary to carry out the intent of this Amendment.
3.7Entirety. This Amendment and the other Loan Documents embody the entire agreement among the parties hereto and supersede all prior agreements and understandings, oral or written, if any, relating to the subject matter hereof.
3.8Counterparts; Telecopy. This Amendment may be executed in any number of counterparts, each of which when so executed and delivered shall be an original, but all of which shall constitute one and the same instrument. Delivery of an executed counterpart to this Amendment by telecopy or other electronic means (e.g., PDF by e-mail) shall be effective as an original and shall constitute a representation that an original will be delivered. Copies of originals, including copies delivered by facsimile, .pdf, or other electronic means, shall have the same import and effect as original counterparts and shall be valid, enforceable and binding for the purposes of this Amendment and each other Loan Document. The words “execution,” “signed,” “signature,” and words of like import in this Amendment shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act. Notwithstanding anything contained herein to the contrary, the Administrative Agent is under no obligation to accept an electronic signature in any form or in any format unless expressly agreed to by the Administrative Agent pursuant to procedures approved by it. Without limitation of the foregoing, (a) to the extent the Administrative Agent has agreed to accept such electronic signature, the Administrative Agent and each of the Lenders shall be entitled to rely on any such electronic signature purportedly given by or on behalf of any Loan Party or any other party hereto without further verification and regardless of the appearance or form of such electronic signature and (b) upon the request of the Administrative Agent or any Lender, any electronic signature shall be promptly followed by a manually executed counterpart. Each Loan Party hereby waives (i) any argument, defense or right to contest the legal effect, validity or enforceability of this Amendment and/or any other Loan Document based solely on the lack of paper original copies of this Amendment and/or such other Loan Document and (ii) any claim against the Administrative Agent or any Lender for any liabilities arising solely from such Person’s reliance on or use of electronic signatures,
3
including any liabilities arising as a result of the failure of the Loan Parties to use any available security measures in connection with the execution, delivery or transmission of any electronic signature.
3.9No Actions, Claims, Etc. As of the date hereof, each of the Loan Parties hereby acknowledges and confirms that it has no knowledge of any actions, causes of action, claims, demands, damages and liabilities of whatever kind or nature, in law or in equity, against the Administrative Agent, the Lender Parties, or the Administrative Agent’s or the Lender Parties’ respective officers, employees, representatives, agents, counsel or directors arising from any action by such Persons, or failure of such Persons to act under the Loan Agreement on or prior to the date hereof.
3.10GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.
3.11Successors and Assigns. This Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns.
3.12Consent to Jurisdiction; Service of Process; Waiver of Jury Trial. The jurisdiction, service of process and waiver of jury trial provisions set forth in Sections 9.16 and 9.18 of the Loan Agreement are hereby incorporated by reference, mutatis mutandis.
[Remainder of page intentionally left blank]
4
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and take effect as an instrument under seal as of the date first set forth above.
|
|
|
|
BORROWER: |
|
EASTERLY GOVERNMENT PROPERTIES LP, |
a Delaware limited partnership |
|
|
By: |
EASTERLY GOVERNMENT PROPERTIES, |
|
INC., a Maryland corporation, |
|
its sole General Partner |
|
|
|
|
By: /s/ Allison Marino |
|
|
Name: Allison Marino |
|
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
|
|
|
PARENT: |
|
EASTERLY GOVERNMENT PROPERTIES, INC., a Maryland corporation |
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting |
|
Officer |
[Signatures continue]
[Signature Page to Seventh Amendment to Term Loan Agreement]
|
|
|
USGP ALBANY DEA, LLC, a Delaware limited |
liability company |
|
|
|
|
By: |
/s/ Allison Marino |
|
|
Name: Allison Marino |
|
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
|
USGP DALLAS DEA LP, a Delaware limited |
partnership |
|
|
|
By: USGP DALLAS 1 G.P., LLC, its general partner |
|
|
|
|
By: |
/s/ Allison Marino |
|
|
Name: Allison Marino |
|
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
|
USGP DEL RIO CH LP, a Delaware limited |
partnership |
|
By: USGP DEL RIO 1 G.P., LLC, its general partner |
|
|
|
|
By: |
/s/ Allison Marino |
|
|
Name: Allison Marino |
|
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
|
|
|
|
USGP FRESNO IRS, LLC, a Delaware limited |
liability company |
|
By: USGP FRESNO IRS MEMBER LLC, its sole |
member |
|
|
|
|
By: |
/s/ Allison Marino |
|
|
Name: Allison Marino |
|
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
|
|
USGP SAN ANTONIO LP, a Delaware limited |
partnership |
|
By: USGP SAN ANTONIO GP, LLC, its general |
partner |
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino Title: Chief Financial Officer and Chief Accounting Officer |
|
|
|
|
[Signature Page to Seventh Amendment to Term Loan Agreement]
|
|
|
USGP ALBUQUERQUE USFS I, LLC, a Delaware limited liability company |
|
|
|
By: USGP ALBUQUERQUE USFS I MEMBER, LLC, its sole member |
|
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
|
|
|
|
USGP II ARLINGTON PTO LP, a Delaware |
limited partnership |
|
|
|
By: USGP II ARLINGTON PTO GENERAL PARTNER LLC, |
its general partner |
|
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
|
|
USGP II LAKEWOOD DOT LP, a Delaware limited partnership |
|
|
|
By: USGP II LAKEWOOD DOT GENERAL PARTNER LLC, its general partner |
|
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
|
USGP II LITTLE ROCK FBI LP, a Delaware limited partnership |
|
By: USGP II LITTLE ROCK FBI GENERAL PARTNER LLC, its general partner |
|
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
|
|
USGP II MARTINSBURG USCG LP, a Delaware |
[Signature Page to Seventh Amendment to Term Loan Agreement]
|
|
|
limited partnership |
|
|
|
By: USGP II MARTINSBURG USCG GENERAL PARTNER LLC, its general partner |
|
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
|
USGP II OMAHA FBI LP, a Delaware limited partnership |
|
|
|
By: USGP II OMAHA FBI GENERAL PARTNER LLC, its general partner |
|
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
EGP CH EL CENTRO LLC, a Delaware limited liability company |
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
EGP DEA NORTH HIGHLANDS LLC, a Delaware limited liability company |
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino Title: Chief Financial Officer and Chief Accounting Officer |
|
|
EGP DEA RIVERSIDE LLC, a Delaware limited liability company |
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EGP DEA SANTA ANA LLC, a Delaware limited liability company |
[Signature Page to Seventh Amendment to Term Loan Agreement]
|
|
|
|
|
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
EGP DEA VISTA LLC, a Delaware limited liability company |
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
EGP DEA WH SAN DIEGO LLC, a Delaware limited liability company |
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
EGP SSA SAN DIEGO LLC, a Delaware limited liability company |
|
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
|
EGP HUNTER LUBBOCK LP, a Delaware limited partnership |
|
|
|
By: EGP LUBBOCK GP LLC, its general partner |
|
|
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
|
|
|
|
|
|
EGP CH ABERDEEN LLC, a Delaware limited liability company |
|
|
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
[Signature Page to Seventh Amendment to Term Loan Agreement]
|
|
|
EGP 2297 OTAY LLC, a Delaware limited liability company |
|
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
|
|
|
|
EGP USCIS LINCOLN LLC, a Delaware limited liability company |
|
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
|
|
|
|
|
|
|
EGP DEA Lab Dallas LP, a Delaware limited partnership |
|
By: EGP DEA LAB DALLAS GENERAL PARTNER LLC, its general partner |
|
|
By: |
/s/ Allison Marino |
|
|
Name: Allison Marino |
|
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
|
EGP 1970 RICHMOND LLC, a Delaware limited liability company |
|
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
|
EGP 5441 ALBUQUERQUE LLC, a Delaware limited liability company |
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
EGP 601 OMAHA LLC, a Delaware limited liability company |
[Signature Page to Seventh Amendment to Term Loan Agreement]
|
|
|
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
|
|
EGP 920 BIRMINGHAM LLC, a Delaware limited liability company |
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
EGP 300 KANSAS CITY LLC, a Delaware limited liability company |
|
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
EGP 1000 BIRMINGHAM LLC, a Delaware limited liability company |
|
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
|
|
EGP 200 ALBANY LLC, a Delaware limited liability company |
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
|
|
EGP 401 SOUTH BEND LLC, a Delaware limited liability company |
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
EGP 5425 SALT LAKE LLC, a Delaware limited liability company |
[Signature Page to Seventh Amendment to Term Loan Agreement]
|
|
|
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
EGP 1540 SOUTH BEND LLC, a Delaware limited liability company |
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
|
|
EGP 1201 ALAMEDA LLC, a Delaware limited liability company |
By: |
/s/ Allison Marino |
|
|
Name: Allison Marino |
|
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
|
EGP 10749 LENEXA LLC, a Delaware limited liability company |
|
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
EGP 1547 TRACY LLC, a Delaware limited liability company |
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
EGP 5855 SAN JOSE LLC, a Delaware limited liability company |
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
EGP 10824 DALLAS LP, a Delaware limited partnership |
|
[Signature Page to Seventh Amendment to Term Loan Agreement]
|
|
|
By: EGP 10824 DALLAS GENERAL PARTNER LLC, its |
general partner |
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
|
EGP 130 BUFFALO LLC, a Delaware limited liability company |
|
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
EGP 320 CLARKSBURG LLC, a Delaware limited liability company |
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
EGP 320 PARKERSBURG LLC, a Delaware limited liability company |
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
|
|
EGP 500 CHARLESTON LLC, a Delaware limited liability company |
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
EGP 2300 DES PLAINES LLC, a Delaware limited liability company |
|
|
By: |
/s/ Allison Marino |
[Signature Page to Seventh Amendment to Term Loan Agreement]
|
|
|
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
|
|
|
EGP 3311 PITTSBURGH LLC, a Delaware limited liability company |
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
EGP 85 CHARLESTON LLC, a Delaware limited liability company |
|
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
EGP 7400 BAKERSFIELD LLC, a Delaware limited liability company |
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
EGP 1440 UPPER MARLBORO LLC, a Delaware limited liability company |
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
|
EGP 836 BIRMINGHAM LLC, a Delaware limited liability company |
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
EGP 22624 STERLING LLC, a Delaware limited liability company |
|
|
[Signature Page to Seventh Amendment to Term Loan Agreement]
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
|
|
|
EGP 1201 PORTLAND LLC, a Delaware limited liability company |
|
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
EGP 116 SUFFOLK LLC, a Delaware limited liability company |
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
EGP 2901 NEW ORLEANS LLC, a Delaware limited liability company |
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
|
|
EGP 11201 LENEXA LLC, a Delaware limited liability company |
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
|
|
EGP 14101 TUSTIN LLC, a Delaware limited liability company |
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
ORANGE VA LLC, a Delaware limited liability company |
|
By: EGP WEST HAVEN LLC, its sole member |
[Signature Page to Seventh Amendment to Term Loan Agreement]
|
|
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
|
|
EGP 660 EL PASO LP, a Delaware limited partnership |
|
By: EGP 660 EL PASO GENERAL PARTNER LLC, its general member |
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
EGP CHICO LLC, a Delaware limited liability company |
|
/s/ Allison Marino |
Name: Allison Marino |
Title: Chief Financial Officer and Chief Accounting Officer |
|
EGP 4444 MOBILE LLC, a Delaware limited liability company |
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
EGP CHICO LLC, a Delaware limited liability company |
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EGP 200 MOBILE LLC, a Delaware limited liability company |
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
[Signature Page to Seventh Amendment to Term Loan Agreement]
|
|
|
|
EGP 4136 NORTH CHARLESTON LLC, a Delaware limited liability company |
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
PHOENIX VA LLC, a Delaware limited liability company |
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino Title: Chief Financial Officer and Chief Accounting Officer |
|
|
|
|
EGP DEA PLEASANTON LLC, a Delaware limited liability company |
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
|
|
EGP 654 LOUISVILLE LLC, a Delaware limited liability company |
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
EGP 717 LOUISVILLE LLC, a Delaware limited liability company |
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
|
|
|
|
EGP 1501 KNOXVILLE LLC, a Delaware limited liability company |
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
[Signature Page to Seventh Amendment to Term Loan Agreement]
|
|
|
|
EGP 318 SPRINGFIELD LLC, a Delaware limited liability company |
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
EGP 7220 KANSAS CITY LLC, a Delaware limited liability company |
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
EGP 925 Brooklyn Heights LLC, a Delaware limited liability company |
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
West Indy VA LLC, a Delaware limited liability company |
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
EGP 17101 Broomfield LLC, a Delaware limited liability company |
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
|
|
LUBBOCK VA LLC, a Delaware limited liability company |
|
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief |
[Signature Page to Seventh Amendment to Term Loan Agreement]
|
|
|
Accounting Officer |
|
|
JOHNSON COUNTY VA LLC, a Delaware limited liability company |
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
Chattanooga VA LLC, a Delaware limited liability company |
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
|
|
SAN ANTONIO VA LLC, a Delaware limited liability company |
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
BIRMINGHAM VA LLC, a Delaware limited liability company |
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino Title: Chief Financial Officer and Chief Accounting Officer |
|
|
|
COBB COUNTY VA LLC, a Delaware limited liability company |
|
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
Title: Chief Financial Officer and Chief Accounting Officer COLUMBUS VA LLC, a Delaware limited liability company |
|
|
|
[Signature Page to Seventh Amendment to Term Loan Agreement]
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino |
|
Title: Chief Financial Officer and Chief Accounting Officer |
EGP 5525 Tampa LLC, a Delaware limited liability company |
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino Title: Chief Financial Officer and Chief Accounting Officer |
|
|
EGP 2146 COUNCIL BLUFFS LLC, a Delaware limited liability company |
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino Title: Chief Financial Officer and Chief Accounting Officer |
|
|
CORPUS CHRISTI LLC, a Delaware limited liability company |
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino Title: Chief Financial Officer and Chief Accounting Officer |
|
|
EGP 1065 ANAHEIM LLC, a Delaware limited liability company |
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino Title: Chief Financial Officer and Chief Accounting Officer |
|
|
EGP 1500 ATLANTA LLC, a Delaware limited liability company |
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino Title: Chief Financial Officer and Chief Accounting Officer |
[Signature Page to Seventh Amendment to Term Loan Agreement]
|
|
EGP 2400 NEWPORT NEWS LLC, a Delaware limited liability company |
|
|
By: |
/s/ Allison Marino |
|
Name: Allison Marino Title: Chief Financial Officer and Chief Accounting Officer |
[Signature Page to Seventh Amendment to Term Loan Agreement]
The foregoing Amendment is hereby consented to, acknowledged and agreed as of the date hereof.
PNC BANK, NATIONAL ASSOCIATION,
as the Administrative Agent and a Lender
By: /s/ Shari Reams-Henofer
Name: Shari Reams-Henofer
Title: Senior Vice President
[Signature Page to Seventh Amendment to Term Loan Agreement]
U.S. BANK NATIONAL ASSOCIATION
By: /s/ Germaine Korhone
Name: Germaine Korhone
Title: Senior Vice President
TRUIST BANK, as a Lender
By: /s/ C. Vincent Hughes, Jr.
Name: C. Vincent Hughes, Jr.
Title: Senior Vice President
|
|
|
|
|
Exhibit 99.1 |
EASTERLY GOVERNMENT PROPERTIES EXTENDS
$100 MILLION UNSECURED TERM LOAN FACILITY
●Easterly secures market leading terms and extends the weighted average life of maturities at attractive interest rate spreads
●The deal underscores Easterly’s fortified balance sheet and strong capital partner relationships
●Long-term leases and consistent dividend payouts recognized by capital partners
WASHINGTON, D.C. – January 25, 2024 – Easterly Government Properties, Inc. (NYSE: DEA) (the “Company” or “Easterly”), a fully integrated real estate investment trust that acquires, develops, and manages Class A commercial properties leased to mission-critical U.S. Government agencies, today announced it has extended a $100 million unsecured term loan executed in 2016 (the “Extended Term Loan”).
Easterly secured market leading terms for the facility and extended the weighted average life of maturities at attractive spreads, underscoring the company’s fortified balance sheet and strong capital partner relationships. The loan now matures on January 30, 2025.
“With Easterly’s high credit tenancy of mission-critical government agencies, the Company maintains a strong balance sheet and long-term debt capacity,” said Darrell Crate, Easterly’s Chief Executive Officer. “We remain focused on executing a disciplined investment strategy while sustaining robust corporate banking relationships to fund future growth.”
Borrowings under the Term Loan will continue to bear interest at a rate of SOFR, a credit spread adjustment of 0.10%, plus a spread of 1.20% to 1.70%, depending on the Company's leverage ratio. Given the Company's current leverage ratio, the Extended Term Loan’s initial spread to SOFR is set at 1.35%.
“Extending Easterly’s term loan equips the Company to hold the current pricing grid and prolong the weighted average of the loan’s debt maturity,” said Allison Marino, Easterly’s Chief Financial and Accounting Officer. “This extension yields greater clarity into the commercial real estate market and allows us to continue prudently managing our debt obligations.”
PNC Capital Markets LLC, U.S. Bank National Association, and Truist Securities, Inc. served as joint lead arrangers and joint bookrunners. PNC Bank, National Association served as the administrative agent.
About Easterly Government Properties, Inc.
Easterly Government Properties, Inc. (NYSE:DEA) is based in Washington, D.C. and focuses primarily on the acquisition, development and management of Class A commercial properties that
are leased to the U.S. Government. Easterly’s experienced management team brings specialized insight into the strategy and needs of mission-critical U.S. Government agencies for properties leased to such agencies either directly or through the U.S. General Services Administration (GSA). For further information on the company and its properties, please visit www.easterlyreit.com.
This press release contains forward-looking statements within the meaning of federal securities laws and regulations. These forward-looking statements are identified by their use of terms and phrases such as “believe,” “expect,” “intend,” “project,” “anticipate,” “position,” and other similar terms and phrases, including references to assumptions and forecasts of future results. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors which may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made. These risks include, but are not limited to, those risks and uncertainties associated with our business described from time to time in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K filed on February 28, 2023. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that the expectations will be attained or that any deviation will not be material. All information in this release is as of the date of this release, and we undertake no obligation to update any forward-looking statement to conform the statement to actual results or changes in our expectations.
Contact:
Easterly Government Properties, Inc.
Lindsay S. Winterhalter
Senior Vice President, Investor Relations & Operations
202-596-3947
ir@easterlyreit.com
v3.23.4
Document And Entity Information
|
Jan. 23, 2024 |
| Cover [Abstract] |
|
| Document Type |
8-K
|
| Amendment Flag |
false
|
| Document Period End Date |
Jan. 23, 2024
|
| Entity Registrant Name |
Easterly Government Properties, Inc.
|
| Entity Central Index Key |
0001622194
|
| Entity Emerging Growth Company |
false
|
| Entity File Number |
001-36834
|
| Entity Incorporation, State or Country Code |
MD
|
| 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 |
Washington
|
| Entity Address, State or Province |
DC
|
| Entity Address, Postal Zip Code |
20006
|
| City Area Code |
(202)
|
| Local Phone Number |
595-9500
|
| Entity Information, Former Legal or Registered Name |
Not Applicable
|
| Written Communications |
false
|
| Soliciting Material |
false
|
| Pre-commencement Tender Offer |
false
|
| Pre-commencement Issuer Tender Offer |
false
|
| Title of 12(b) Security |
Common Stock
|
| Trading Symbol |
DEA
|
| Security Exchange Name |
NYSE
|
| X |
- DefinitionBoolean flag that is true when the XBRL content amends previously-filed or accepted submission.
| Name: |
dei_AmendmentFlag |
| Namespace Prefix: |
dei_ |
| Data Type: |
xbrli:booleanItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionFor the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
| Name: |
dei_DocumentPeriodEndDate |
| Namespace Prefix: |
dei_ |
| Data Type: |
xbrli:dateItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionThe type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
| Name: |
dei_DocumentType |
| Namespace Prefix: |
dei_ |
| Data Type: |
dei:submissionTypeItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionAddress Line 1 such as Attn, Building Name, Street Name
| Name: |
dei_EntityAddressAddressLine1 |
| Namespace Prefix: |
dei_ |
| Data Type: |
xbrli:normalizedStringItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionAddress Line 2 such as Street or Suite number
| Name: |
dei_EntityAddressAddressLine2 |
| Namespace Prefix: |
dei_ |
| Data Type: |
xbrli:normalizedStringItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- Definition
+ References
+ Details
| Name: |
dei_EntityAddressCityOrTown |
| Namespace Prefix: |
dei_ |
| Data Type: |
xbrli:normalizedStringItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionCode for the postal or zip code
| Name: |
dei_EntityAddressPostalZipCode |
| Namespace Prefix: |
dei_ |
| Data Type: |
xbrli:normalizedStringItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionName of the state or province.
| Name: |
dei_EntityAddressStateOrProvince |
| Namespace Prefix: |
dei_ |
| Data Type: |
dei:stateOrProvinceItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionA unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
| Name: |
dei_EntityCentralIndexKey |
| Namespace Prefix: |
dei_ |
| Data Type: |
dei:centralIndexKeyItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionIndicate if registrant meets the emerging growth company criteria. Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
| Name: |
dei_EntityEmergingGrowthCompany |
| Namespace Prefix: |
dei_ |
| Data Type: |
xbrli:booleanItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionCommission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
| Name: |
dei_EntityFileNumber |
| Namespace Prefix: |
dei_ |
| Data Type: |
dei:fileNumberItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionTwo-character EDGAR code representing the state or country of incorporation.
| Name: |
dei_EntityIncorporationStateCountryCode |
| Namespace Prefix: |
dei_ |
| Data Type: |
dei:edgarStateCountryItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionThe exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
| Name: |
dei_EntityRegistrantName |
| Namespace Prefix: |
dei_ |
| Data Type: |
xbrli:normalizedStringItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionThe Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS. Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
| Name: |
dei_EntityTaxIdentificationNumber |
| Namespace Prefix: |
dei_ |
| Data Type: |
dei:employerIdItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionLocal phone number for entity.
| Name: |
dei_LocalPhoneNumber |
| Namespace Prefix: |
dei_ |
| Data Type: |
xbrli:normalizedStringItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act. Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 13e
-Subsection 4c
| Name: |
dei_PreCommencementIssuerTenderOffer |
| Namespace Prefix: |
dei_ |
| Data Type: |
xbrli:booleanItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act. Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14d
-Subsection 2b
| Name: |
dei_PreCommencementTenderOffer |
| Namespace Prefix: |
dei_ |
| Data Type: |
xbrli:booleanItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionTitle of a 12(b) registered security. Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b
| Name: |
dei_Security12bTitle |
| Namespace Prefix: |
dei_ |
| Data Type: |
dei:securityTitleItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionName of the Exchange on which a security is registered. Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection d1-1
| Name: |
dei_SecurityExchangeName |
| Namespace Prefix: |
dei_ |
| Data Type: |
dei:edgarExchangeCodeItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act. Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Section 14a
-Number 240
-Subsection 12
| Name: |
dei_SolicitingMaterial |
| Namespace Prefix: |
dei_ |
| Data Type: |
xbrli:booleanItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionTrading symbol of an instrument as listed on an exchange.
| Name: |
dei_TradingSymbol |
| Namespace Prefix: |
dei_ |
| Data Type: |
dei:tradingSymbolItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act. Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Securities Act
-Number 230
-Section 425
| Name: |
dei_WrittenCommunications |
| Namespace Prefix: |
dei_ |
| Data Type: |
xbrli:booleanItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
Easterly Government Prop... (NYSE:DEA)
Gráfica de Acción Histórica
De Ene 2025 a Feb 2025
Easterly Government Prop... (NYSE:DEA)
Gráfica de Acción Histórica
De Feb 2024 a Feb 2025
