Office REIT JBG SMITH posts Q3 net loss on higher utility, operating expenses

JBG SMITH Properties

28/10/2025 20:34

Overview

JBG SMITH Q3 net loss was $28.6 mln, reflecting ongoing challenges

Adjusted FFO for Q3 beats analyst expectations

Annualized NOI decreased due to higher utility and operating expenses

Outlook

Company did not provide specific guidance for future quarters or full year in its press release

Result Drivers

UTILITY AND OPERATING EXPENSES - Higher utility and operating expenses contributed to decreased Annualized NOI

MULTIFAMILY PORTFOLIO - Slight increase in occupancy and leasing rates in multifamily portfolio

COMMERCIAL PORTFOLIO CHALLENGES - Lower occupancy and parking revenue in commercial portfolio affected Same Store NOI

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Income
-$28.60 mln
Q3 Adjusted FFO
Beat
$9.10 mln
$0.18 (2 Analysts)
Q3 FFO
$10.10 mln
Q3 Adjusted FFO Per Share
$0.15
Q3 Annualized Net Operating Income
$242.30 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 $19.50, about 10.5% below its October 27 closing price of $21.55

Press Release: ID:nBw8NydsKa

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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.)