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Earnings Per Share | 6 Months Ended
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Jun. 30, 2026
Earnings Per Share [Abstract] |
Earnings Per Share | 11. Earnings Per Share Basic earnings or loss per share of common stock (“EPS”) is calculated by dividing net income 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 of common stock and unvested 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 our basic and diluted earnings per share of common stock for the three and six months ended June 30, 2026 and 2025 (amounts in thousands, except per share amounts):
|  | For the three months ended June 30, |  |  | For the six months ended June 30, |
|  | 2026 |  |  | 2025 |  |  | 2026 |  |  | 2025 |
Numerator |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 3,158 |  |  | $ | 4,254 |  |  | $ | 4,572 |  |  | $ | 7,537 |
Less: Non-controlling interest in Operating Partnership |  |  | (108 | ) |  |  | (183 | ) |  |  | (157 | ) |  |  | (339 | )
Net income available to Easterly Government Properties, Inc. |  |  | 3,050 |  |  |  | 4,071 |  |  |  | 4,415 |  |  |  | 7,198 |
Less: Dividends on participating securities |  |  | (239 | ) |  |  | (140 | ) |  |  | (479 | ) |  |  | (347 | )
Net income available to common stockholders |  | $ | 2,811 |  |  | $ | 3,931 |  |  | $ | 3,936 |  |  | $ | 6,851 |
Denominator for basic EPS |  |  | 46,463,199 |  |  |  | 45,011,585 |  |  |  | 46,362,418 |  |  |  | 44,122,803 |
Dilutive effect of share-based compensation awards |  |  | 26,926 |  |  |  | 2,200 |  |  |  | 30,106 |  |  |  | 2,484 |
Dilutive effect of LTIP units (1) |  |  | 208,993 |  |  |  | 97,968 |  |  |  | 185,185 |  |  |  | 104,836 |
Denominator for diluted EPS |  |  | 46,699,118 |  |  |  | 45,111,753 |  |  |  | 46,577,709 |  |  |  | 44,230,123 |
Basic EPS |  | $ | 0.06 |  |  | $ | 0.09 |  |  | $ | 0.08 |  |  | $ | 0.16 |
Diluted EPS |  | $ | 0.06 |  |  | $ | 0.09 |  |  | $ | 0.08 |  |  | $ | 0.15 |
(1) During both the three and six months ended June 30, 2026, there were 1,272,035 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. During both the three and six months ended June 30, 2025, there were 254,061 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.

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