Property developer JBG SMITH posts Q4 net loss of $45.5 mln

JBG SMITH Properties

17/02/2026 21:28

Overview

Mixed-use property developer's Q4 net loss was $45.5 mln, with a decrease in Same Store NOI

Annualized NOI for Q4 rose to $245.3 mln, driven by lower utilities expenses

Company's multifamily portfolio occupancy fell to 82.7% by end of Q4

Outlook

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

Result Drivers

ANNUALIZED NOI INCREASE - Driven by lower utilities expense and successful real estate tax appeals, partially offset by higher repairs and maintenance expense in commercial portfolio

SAME STORE NOI DECREASE - Decrease due to lower occupancy and higher utilities expense, partially offset by lower real estate taxes in commercial portfolio

MULTIFAMILY OCCUPANCY DECLINE - Multifamily portfolio occupancy fell to 82.7% by end of Q4, affecting rental income

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 FFO
-$7.30 mln
Q4 Annualized Net Operating Income
$245.30 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 $17.50, about 9.8% above its February 13 closing price of $15.94

Press Release: ID:nBw7VY0YFa

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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.)