Financial PerformanceA revised price target implies an 18% potential total return, including an 8.9% yield from a dividend that appears likely to approximate DEA’s 2025 cashflow.
Management StrategyDEA management has been proactive addressing potential DOGE impacts on the company, validly highlighting plans to reduce regulation/bureaucracy and costs which could lead to shorter/less cumbersome development, new leasing and renewal timelines.
Market PositionIt may be more economic for the government to lease from a company like DEA than own its real estate, and DEA is generally more efficient at operating real estate assets than the US government.