Jason Williams of Angel Publishing’s The Wealth Advisory is promoting “DOGE Dividend Checks.” We trace the property clues and test the promised government payout.
One promotion, several names — all of them point to the same pitch, and the same stock.
“Trump’s Hidden 3-Page Memo Just Commissioned: ‘DOGE Dividend Checks’ Now Open to the Public” is the headline Angel Publishing is using to sell The Wealth Advisory, with Jason Williams fronting the promotion.
The report, “DOGE Dividend Checks: How to Collect $7,882 Courtesy of the U.S. Government,” promises a government-linked payout built around federal buildings, private landlords and REIT distributions. The hook is a check, not merely a stock tip.
We identify the stock below. Our match is Easterly Government Properties, Inc. (NYSE: DEA), with 92/100 confidence.
The promotion gave away two unusually precise property clues: a Corpus Christi facility measuring 69,276 square feet on a 20-year lease, and a Jacksonville facility measuring 193,100 square feet on a 20-year lease. It also described federal lease payments as backed by the Federal Buildings Fund, which is the kind of bureaucratic fingerprint that can lead somewhere.
The same idea is also branded as “DOGE Dividends” and “DOGE Dividends Checks.” Those labels refer to the same pitch, so whichever phrase brought you here, the trail ends at the same headline stock.
The headline stock is Easterly Government Properties, Inc. (NYSE: DEA). Its 2024 filings and acquisition disclosures line up with the strongest clues: Easterly identifies a VA Corpus Christi outpatient facility with 69,276 leased square feet and a 20-year non-cancelable lease, while its VA Jacksonville disclosure identifies 193,100 leased square feet and predominantly 20-year firm-term leases.
The federal-funding language fits too. Easterly’s 2024 Annual Report says GSA lease rents are paid from the Federal Buildings Fund and that leases executed by other agencies under GSA delegation are backed by the Fund as guarantor. That combination of property measurements, lease terms and guarantor language is far too specific to dismiss as a broad real-estate guess.
The promotional math is much less tidy. GSA’s FY 2026 Congressional Justification reports $10.46 billion in Federal Buildings Fund new obligational authority, while the $18.3 billion figure refers to GSA SmartPay spending. Easterly’s reported portfolio figures also don’t show ten new government-leased buildings arriving in one year at an average cost of $31.78 million each.
A bonus report in the same offer, “Pentagon Payouts: The Secret to Getting Paid From the $895 Billion U.S. Defense Budget,” may point to COPT Defense Properties (NYSE: CDP), but only as a 63/100-confidence guess. COPT’s 2025 Form 10-K supports the defense-property angle. Its advertised $1,870 payment does not match the company’s regular dividend and would require roughly 5,844 shares.
The offer bundles a bonus report that teases its own stock. These get a sentence or two of copy each, so the evidence is much thinner than for the main pick and what follows is our best reading rather than a confident answer.
| Bonus report | Our best guess | Confidence |
|---|---|---|
| Pentagon Payouts: The Secret to Getting Paid From the $895 Billion U.S. Defense Budget | CDP — COPT Defense Properties | 63/100 — probable |
The claim-by-claim checks below separate the genuine identifying details from the promotional upgrades. They draw on GSA budget and financial reports, Internal Revenue Code Section 857 and IRS REIT instructions, Easterly’s annual reports and releases, and COPT’s 2025 Form 10-K.
That distinction matters here. The property clues do the identifying; the payout language is where the sales pitch starts stretching.
| The promotion claims | Verdict | What we found |
|---|---|---|
| The Federal Buildings Fund contains $18.3 billion | Contradicted | GSA’s FY 2026 Congressional Justification reports $10.46 billion of Federal Buildings Fund new obligational authority and identifies $18.3 billion as GSA SmartPay spending, not Federal Buildings Fund funding. |
| Government agencies rent buildings from private landlords | Checks out | GSA says its Public Buildings Service uses agency rent payments to operate federal buildings and pay rent to the private sector for leased space. |
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This is the third Jason Williams pitch we’ve identified. The first two, “The Hidden Power Empire” and “The $10 Trillion AI Infrastructure Boom,” both led to Prologis, Inc. (PLD); PLD was up 1.74% and 1.22%, respectively, since we revealed those picks.
That’s a small ledger, not a verdict on an analyst. It does show that Williams’ promotions have previously wrapped a familiar real-estate name in very different grand themes.
The pitch’s central claim is simple: federal agencies rent private buildings, the government-backed rent makes those landlords dependable, REIT rules pass the cash to shareholders, and the right stock can hand you a $7,882 DOGE check.
The first two links hold up. GSA describes agency rent payments and leased space from private landlords, and Easterly’s filings describe Federal Buildings Fund support for qualifying leases. The weak link is the leap from a landlord’s lease income to a fixed personal government payment. Section 857 and the IRS instructions tie the 90% distribution rule to taxable income, not 90% of cash received. That is not what the filings say.
Easterly still has a real, identifiable business behind the pitch. Its filings list federal tenants including the IRS, FDA and EPA, with disclosed leased space and annualized lease income. Those facts support investigating DEA as a federal-tenant REIT. They don’t establish an extra government check for each investor, and the $7,882 promise is doing nearly all the argumentative heavy lifting.
COPT Defense Properties is a different case and a thinner match. Its defense-installation portfolio supports the broad theme, but a $0.32 quarterly dividend, or $1.28 annualized, is a normal company distribution. Getting $1,870 would require roughly 5,844 shares. The basket’s common story is government-linked real estate; DEA carries the specific property evidence, while the payout thesis doesn’t survive the trip through the filings.
How confident are we? 92 out of 100. We identified Easterly Government Properties, Inc. (DEA) from the promotion's own clues and checked 18 of its claims against filings, earnings calls, ownership records, market data and public reporting. This is our analysis, not the publisher's disclosure — we have no relationship with them.
Knowing which stock it is only gets you halfway. We score DEA on valuation, profitability, growth, financial health and momentum — and reach our own conclusion, independent of how it was sold to you.
Read the DEA report →Independent of the promotion — our own numbers, score and analysis.
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| Checks out |
| Easterly’s 2024 Annual Report says GSA lease rents are paid from the Federal Buildings Fund and that leases executed by other agencies under GSA delegation are backed by the Fund as guarantor. |
| REITs are practically forced to distribute 90% of cash received to shareholders | Overstated | Internal Revenue Code Section 857 and the IRS Form 1120-REIT instructions require distributions tied to at least 90% of taxable income, not 90% of cash received. |
| Corpus Christi property measures 69,276 square feet | Checks out | Easterly’s acquisition release identifies its VA Corpus Christi property as a 69,276 leased-square-foot outpatient facility. |
| Corpus Christi property has a 20-year lease | Checks out | Easterly’s VA portfolio disclosure describes the Corpus Christi facility as 100% leased to the Department of Veterans Affairs under a 20-year non-cancelable lease. |
| Jacksonville property measures 193,100 square feet | Checks out | Easterly’s 2024 results release identifies its VA Jacksonville outpatient facility as 193,100 leased square feet. |
| Jacksonville property has a 20-year lease | Checks out | Easterly’s 2024 results release says VA Jacksonville was part of a ten-property portfolio leased to the VA under predominantly 20-year firm-term leases. |
| Ten new government-leased buildings will be added by year-end | Overstated | Easterly reported three additional operating properties from March through December 2025, taking its portfolio from 100 to 103; the ten-property VA portfolio was completed across earlier acquisitions rather than added in one year. |
| Each new building costs $31.78 million on average | Overstated | Easterly’s 2025 portfolio investment of roughly $3.273 billion divided by 103 properties produces about $31.78 million per property, but that is an average portfolio carrying value, not the cost of ten new buildings. |
| The government building network includes more than 9,600 buildings | Overstated | An older 2013 GSA testimony cited 9,600 managed buildings, while GSA’s more recent 2023 Agency Financial Report cites more than 8,300 buildings, making 9,600 an outdated scale figure. |
| U.S. intelligence agencies such as the CIA operate from rented buildings | Can't verify | Easterly’s 2025 Annual Report tenant table identifies FDA, IRS and EPA properties but does not provide a CIA tenant listing, so the CIA portion could not be confirmed. |
| The IRS operates from rented buildings | Checks out | Easterly’s 2025 Annual Report lists IRS-leased space totaling 359,661 square feet and approximately $11.9 million of annualized lease income. |
| The FDA operates from rented buildings | Checks out | Easterly’s 2025 Annual Report lists FDA-leased space totaling 291,314 square feet and approximately $13.2 million of annualized lease income. |
| The EPA operates from rented buildings | Checks out | Easterly’s 2025 Annual Report lists EPA-leased space totaling 225,418 square feet and approximately $9.4 million of annualized lease income. |
| Many other federal agencies operate from rented buildings | Checks out | GSA says its Public Buildings Service charges rent to more than 100 federal agencies and provides leased space, while Easterly reports properties leased to U.S. Government tenant agencies. |
| The company is a key real-estate supplier to U.S. defense contractors | Checks out | COPT Defense Properties’ 2025 Form 10-K says it owns and develops properties near key U.S. defense installations and that its tenants include the U.S. Government and defense contractors. |
| Investors are owed an extra $1,870 in quarterly payments | Contradicted | COPT Defense Properties announced a regular common dividend of $0.32 per share quarterly, or $1.28 annualized; receiving $1,870 would require roughly 5,844 shares and is not a company-wide obligation. |
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Easterly Government Properties combines 98% occupancy and long government-backed leases with a leveraged balance sheet and a Hold rating. The report sees durable cash flows, but limited upside from a $24 fair value versus a $24.93 share price.
Easterly Government Properties, Inc. (DEA) gained after a modest EPS beat and steady revenue, but the deeper story is stronger FFO growth, rising EBITDA, and improved guidance. With 97% occupancy and long lease terms, the REIT’s government-backed portfolio still supports its income case despite leverage concerns.