JBG SMITH Q1 Core FFO rises, net loss narrows

JBG SMITH Properties

05/05/2026 21:32

Overview

US mixed-use property owner's Q1 Core FFO rose yr/yr, net loss narrowed

Annualized net operating income increased, driven by abatement burn off at ground lease asset

Company repurchased and retired 1.6 mln shares for $25.4 mln in Q1

Outlook

Company did not provide specific guidance or outlook for future periods

Result Drivers

ABATEMENT BURN OFF - Increase in Annualized NOI was mainly due to abatement burn off at a ground lease asset

MULTIFAMILY HEADWINDS - Same Store NOI declined due to lower occupancy and higher utilities expense in the multifamily portfolio

COMMERCIAL PORTFOLIO PRESSURE - Higher utilities expense and increased rent abatement, partially offset by lower real estate tax expense, affected Same Store NOI in the commercial portfolio

Company press release: ID:nBwbcR2DCa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted FFO
Beat
$9.80 mln
$0.14 (1 Analyst)
Q1 FFO
$2.10 mln
Q1 Annualized Net Operating Income
$249.70 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 $17.00, about 17.2% above its May 4 closing price of $14.51

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)