Brief: JBG SMITH Properties Q2 Net Income USD -19.2 Million

JBG SMITH Properties

29/07/2025 21:15

Overview

JBG SMITH reports Q2 net loss of $19.2 mln, impacted by impairment losses

Company reports Q2 core FFO of $0.19

Company repurchased 11.2 mln shares for $184.9 mln during Q2

Result Drivers

IMPAIRMENT LOSSES - Net loss impacted by real estate impairment losses totaling $31.8 mln

OCCUPANCY DECLINE - Lower occupancy rates in multifamily and commercial portfolios contributed to decreased Same Store NOI

RENT INCREASES - Multifamily portfolio saw rent increases of 1.0% for new leases and 8.9% for renewals

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Income
-$19.20 mln
Q2 core FFO
$0.19
Q2 FFO
$10 mln
Q2 Annualized Net Operating Income
$268.40 mln


Analyst Coverage

The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy", 1 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the commercial reits peer group is "hold."

Wall Street's median 12-month price target for JBG SMITH Properties is $16.00, about 20.6% below its July 28 closing price of $19.30

Press Release: ID:nBw2xCZRWa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)