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Can This High-Yielder DOGE A Bullet?
A cheap crisis stock yielding 9.37%?
And this high-yield company has long-term government contracts for “mission critical” U.S. infrastructure?
That’s the thesis for Easterly Government Properties, Inc. ($DEA).
Easterly Government Properties is a real estate investment trust (REIT) that develops commercial properties and then leases these properties to the United States Government. The company owns 100 properties across 26 different states.
Easterly Government Properties has many recognizable tenants, including: the U.S. Coast Guard, the Department of Veterans Affairs, the USDA, U.S. Department of Homeland Security, the FBI, the DEA, and the ATF.
On the surface, this sounds like a no-brainer investment. Own the U.S. Government’s landlord and collect quarterly dividend checks.
However, shares of Easterly Government Properties are down -15.22% over the past year. And much of this decline is due to concerns surrounding President Trump’s Department of Government Efficiency (DOGE).
Investors worry that DOGE will cut government spending and reduce the size of the government.
In turn, this would negatively impact Easterly Government Properties.