JBG SMITH Q2 Core FFO falls, net loss widens

JBG SMITH Properties

10/08/2026 11:51

Overview
US mixed-use property owner's Q2 revenue rose yr/yr
Adjusted FFO for Q2 increased to $10.4 mln
Company faces $356.1 mln court judgment in Wardman Tower case, plans to appeal

Outlook
Company did not provide specific financial guidance for the current or upcoming periods in the press release

Result Drivers
MULTIFAMILY PORTFOLIO - Higher occupancy and lower utilities expense drove annualized NOI growth, partially offset by higher repairs and maintenance costs
COMMERCIAL PORTFOLIO - Lower utilities expense and higher parking revenue supported NOI, offset by lower rental revenue
SAME STORE NOI DECLINE - Lower rental revenue and higher real estate taxes and utilities expense in multifamily, and lower rental revenue in commercial, weighed on same store NOI

Company press release: ID:nBw6JMjD0a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$129.38 mln
$125.88 mln (1 Analyst)
Q2 Loss Per Share
 
$1.03
 
Q2 Adjusted FFO
Beat
$10.40 mln
$0.16 (2 Analysts)
Q2 FFO
 
$12.50 mln
 
Q2 Adjusted FFO Per Share
 
$0.18
 
Q2 Annualized Net Operating Income
 
$249.30 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 $14.00, about 15.1% above its August 7 closing price of $12.16

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(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.)