Lease Expiry Risk12 leases representing 593ksf remain expiring, posing a risk for future occupancy.
Leverage And DebtNet debt/EBITDA increased to 7.9x, indicating higher leverage.
Tenant UncertaintyThere is uncertainty surrounding the impacts of potential cuts suggested by Elon Musk and Vivek Ramaswamy, which could affect DEA's largest tenant, the Department of Veteran Affairs, and other federal agencies.