A REIT Backed By The Full Faith And Credit Of The U.S. Government

The U.S. government is the largest employer in the world and the largest office tenant in the U.S. DEA is the only internally managed REIT focusing on investing in U.S. government-leased buildings. The other direct peer is Government Properties Income Trust (NYSE: GOV), an externally advised REIT.


  • The term "full faith and credit" is used to describe the unconditional guarantee or commitment by one entity to back the interest and principal of another entity's debt.
  • This "full faith and credit" commitment is typically employed by a government to help lower the borrowing costs of a smaller, less stable government or a government-sponsored agency.
  • DEA has built a better mousetrap and I believe that's largely due to internal management.