JBG SMITH reveals $82 million Q3 loss after impairment
Key points
- JBG SMITH Properties (NYSE:JBGS) reported third-quarter 2026 total revenue of $132.4 million and a net loss of $82 million.
- The loss included a $69.2 million impairment charge, while core funds from operations reached $12.7 million, or $0.22 per diluted share.
- The company maintained its quarterly common dividend at $0.175 per share, payable November 25, 2026.
JBG SMITH Properties (NYSE:JBGS) reported total third-quarter 2026 revenue of $132.4 million, alongside a net loss of $82.0 million, including a $69.2 million real estate impairment charge.
Total revenue exceeded analyst estimates of approximately $118.5 million, while adjusted revenue reached $108.1 million, reflecting the company's operating performance during the quarter.
The company reported Core Funds from Operations (FFO), a real estate performance measure, of $12.7 million, equivalent to $0.22 per diluted share, above FactSet's $0.20 per-share estimate.
The net loss included a $69.175 million impairment charge, while nine-month revenue totalled $389.4 million and the nine-month net loss reached $195.7 million, including $114.7 million in impairment losses.
JBG SMITH maintained its quarterly common dividend at $0.175 per share, payable November 25, 2026, to shareholders recorded on November 12.
JBG SMITH owns, operates and develops mixed-use real estate, with its portfolio concentrated in the Washington, DC metropolitan area, including office, residential and commercial properties.
Frequently asked questions
More from United States
TELUS posts C$660 million loss and targets $900 million savings
Atmus raises 2026 outlook after $510 million Q3 sales
AirSculpt Q3 revenue falls 8.7% to $31.9 million
Moderna returns to profit as Q3 revenue rises 29%
Bloomin' Brands announces $927 million Q3 revenue, raises outlook
Humana Q3 revenue jumps 26% to $41.16 billion
