Quarterly ResultMay 5, 2026, 04:22 PM
JBG SMITH Q1 Core FFO $0.17/share; Net Loss $(18.7)M
AI Summary
JBG SMITH Properties reported Q1 2026 Core FFO of $0.17 per diluted share, up from $0.09 in Q1 2025, and a net loss of $(18.7) million, an improvement from $(45.7) million year-over-year. Annualized NOI increased 0.9% quarter-over-quarter, while Same Store NOI decreased 4.8%. The company completed strategic asset sales, including Potomac Yard Landbay H for $50.7 million, and formed a joint venture for Tysons Dulles Plaza, alongside share repurchases and a declared dividend of $0.175 per share. Management noted a challenging macro environment but emphasized disciplined capital allocation and portfolio repositioning.
Key Highlights
- Core FFO $0.17/diluted share, up from $0.09 in Q1 2025.
- Net loss $(18.7) million, improved from $(45.7) million in Q1 2025.
- Annualized NOI $246.9 million, up 0.9% QoQ.
- Same Store NOI decreased 4.8% to $54.3 million.
- Sold Potomac Yard Landbay H for $50.7 million.
- Repurchased 1.6 million shares for $25.4 million.
- Declared quarterly dividend of $0.175 per share.
- Office portfolio 76.9% leased; multifamily 86.8% leased.