Every material Form 8-K JBG Smith has filed with the SEC since July 28, 2023, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
JBG SMITH reported third-quarter 2026 results, with Core FFO attributable to common shares of $12.7 million, or $0.22 per diluted share, up from $9.1 million, or $0.15, a year earlier. The company also reported a net loss of $82.0 million, or $1.41 per share, compared with a $28.6 million loss a year earlier, and the loss included $69.2 million of impairment losses. For shareholders, core operating earnings improved, but the larger loss reflects write-downs on real estate.
Core FFO was $12.7 million, or $0.22 per diluted share, for the three months ended September 30, 2026, versus $9.1 million, or $0.15, a year earlier.
Net loss was $82.0 million, or $1.41 per diluted share, versus $28.6 million, or $0.48, in the prior-year quarter; impairment losses were $69.2 million.
Same Store NOI at the company's share rose 3.3% to $60.8 million, and the Same Store multifamily portfolio was 94.4% leased as of September 30, 2026.
The Board declared a quarterly dividend of $0.175 per common share, payable November 25, 2026, to holders of record as of November 12, 2026.
JBG SMITH Properties LP entered into a Second Amended and Restated Credit Agreement with Bank of America on August 27, 2026, providing a $690.0 million senior unsecured revolver maturing August 27, 2030, with $230.0 million drawn as of that date. The company also amended two Wells Fargo term loans and its $120.0 million 2023 Term Loan to align covenants with the new revolver, extending part of a $400.0 million term loan to August 25, 2028.
$690.0 million revolving facility replaces the $750.0 million Existing Credit Agreement, which was due June 29, 2027; $230.0 million was drawn as of August 27, 2026
Revolver matures August 27, 2030, with two six-month extension options at a 0.075% fee each
$228.9 million of the $400.0 million Tranche A-2 term loan was extended to August 25, 2028; $171.1 million remains due January 13, 2028, and the term loan was increased by $15.0 million
Financial covenants include total indebtedness to property valuation of not more than 60% and EBITDA to fixed charges of at least 1.50 to 1.00
JBG SMITH reported a second-quarter 2026 net loss of $59.2 million, or $1.03 per diluted share, versus a net loss of $19.2 million a year earlier, and Core FFO fell to $10.4 million from $12.7 million. On July 31, 2026, a DC Superior Court judgment in the Wardman Tower case ordered the defendants, including the company, to pay about $356.1 million plus attorneys' fees; the company says it will appeal and believes a loss is not probable, so no liability is recorded.
Q2 2026 net loss of $59.2 million ($1.03 per diluted share) vs. $19.2 million ($0.29) in Q2 2025
Core FFO of $10.4 million ($0.18 per diluted share) vs. $12.7 million ($0.19) in Q2 2025; Same Store NOI down 4.0%
Wardman Tower judgment on July 31, 2026: $118.7 million in damages, trebled to about $356.1 million; no liability recorded as of June 30, 2026
Quarterly dividend of $0.175 per share declared July 30, 2026, payable August 27, 2026
JBG SMITH reported a first-quarter 2026 net loss of $18.7 million, or $0.32 per diluted share, compared with a $45.7 million loss a year earlier; the result included $21.1 million of gains on real estate sales. Core FFO attributable to common shareholders rose to $9.8 million, or $0.17 per diluted share, from $7.2 million, or $0.09, a year earlier, while Same Store NOI fell 4.8% to $54.3 million. The company also declared a $0.175 quarterly dividend.
Net loss of $18.7 million, or $0.32 per diluted share, versus $45.7 million, or $0.56, in Q1 2025
Core FFO of $9.8 million, or $0.17 per diluted share, versus $7.2 million, or $0.09, in Q1 2025
Same Store NOI decreased 4.8% to $54.3 million; net debt to annualized Adjusted EBITDA was 12.7x as of March 31, 2026
Quarterly dividend of $0.175 per common share, payable May 28, 2026 to shareholders of record as of May 14, 2026
JBG SMITH reported full-year 2025 results in a Form 8-K. The net loss narrowed to $139.1 million from $143.5 million, but full-year Core FFO fell to $38.9 million from $73.9 million. The filing gives no earnings guidance, and the company said it expects leverage to moderate as newly built multifamily assets lease up.
Full-year 2025 net loss was $139.1 million ($2.09 per diluted share), compared with $143.5 million ($1.65 per diluted share) in 2024.
Full-year 2025 Core FFO was $38.9 million ($0.58 per diluted share), compared with $73.9 million ($0.83 per diluted share) in 2024.
Fourth-quarter 2025 Core FFO was $9.9 million ($0.17 per diluted share), up from $11.6 million ($0.14) a year earlier, while the fourth-quarter net loss was $45.5 million ($0.78 per share).
Same Store NOI at the company's share decreased 4.2% quarter over quarter to $53.6 million in the fourth quarter.
JBG SMITH reported a third-quarter 2025 net loss of $28.6 million, or $0.48 per diluted share, compared with a net loss of $27.0 million, or $0.32 per share, a year earlier. Core FFO fell to $9.1 million, or $0.15 per diluted share, from $19.3 million, or $0.23, as same store NOI decreased 6.7% and the company cited the government shutdown as a risk to leasing.
Q3 2025 net loss of $28.6 million ($0.48 per diluted share) vs. $27.0 million ($0.32) in Q3 2024
Q3 2025 Core FFO of $9.1 million ($0.15 per diluted share) vs. $19.3 million ($0.23) in Q3 2024
Same store NOI at share decreased 6.7% quarter over quarter to $54.1 million; multifamily same store effective new-lease rents decreased 0.8%
Repurchased 3.1 million shares for $62.9 million in Q3 2025; Board declared a $0.175 quarterly dividend payable November 20, 2025
JBG SMITH reported results for the quarter ended June 30, 2025. Core FFO attributable to common shareholders was $12.7 million, or $0.19 per diluted share, up from $0.18 a year earlier, while FFO fell to $10.0 million from $14.3 million. The company also sold $452.0 million of assets and repurchased $184.9 million of its shares in the quarter, shifting capital from multifamily toward office.
Q2 2025 Core FFO was $12.7 million, or $0.19 per diluted share, versus $16.1 million, or $0.18, in Q2 2024.
Q2 2025 FFO was $10.0 million, or $0.15 per diluted share, versus $14.3 million, or $0.16, a year earlier.
Q2 2025 net loss was $19.2 million, or $0.29 per diluted share, versus a net loss of $24.4 million, or $0.27, in Q2 2024.
Same Store NOI at the company's share decreased 3.0% to $59.5 million, and the company repurchased 11.2 million shares for $184.9 million in the quarter.
JBG SMITH reported first-quarter 2025 results, with a net loss of $45.7 million ($0.56 per diluted share), up from $32.3 million ($0.36 per share) a year earlier. Core FFO fell to $7.2 million ($0.09 per diluted share) from $26.9 million ($0.29), and the company expects earnings to keep declining through mid-2025, which weighs on shareholder returns.
Net loss of $45.7 million ($0.56 per diluted share) vs. $32.3 million ($0.36) in Q1 2024
FFO was negative $6.2 million ($0.08 per diluted share) vs. $10.7 million ($0.12) in Q1 2024
Core FFO of $7.2 million ($0.09 per diluted share) vs. $26.9 million ($0.29); would have been $0.14 excluding an early lease termination
Management expects continued decreases in earnings and increases in Net Debt to Annualized Adjusted EBITDA through mid-2025
JBG SMITH reported a full-year 2024 net loss of $143.5 million, or $1.65 per diluted share, up from a $80.0 million loss, or $0.78 per share, in 2023. Core FFO fell to $73.9 million ($0.83 per diluted share) from $154.1 million ($1.46) a year earlier, and the company expects earnings to keep declining during the first half of 2025.
Full-year 2024 net loss was $143.5 million ($1.65 per diluted share) versus $80.0 million ($0.78) in 2023.
Fourth-quarter Core FFO was $11.6 million ($0.14 per diluted share), down from $36.1 million ($0.38) a year earlier.
The company expects continued decreases in earnings and higher Net Debt to Annualized Adjusted EBITDA during the first half of 2025.
Share repurchase capacity is about $840 million, and the company repurchased $170.7 million of shares in 2024.
JBG SMITH reported third-quarter 2024 results on October 29, 2024. Core FFO fell to $19.3 million, or $0.23 per diluted share, from $41.0 million, or $0.40, a year earlier, while the net loss narrowed to $27.0 million from $58.0 million, and the nine-month net loss widened to $83.6 million from $47.4 million, so shareholders see mixed results.
Q3 2024 Core FFO was $19.3 million ($0.23 per diluted share), down from $41.0 million ($0.40) in Q3 2023.
Q3 2024 net loss was $27.0 million ($0.32 per share), versus $58.0 million ($0.58) in Q3 2023; the nine-month net loss was $83.6 million ($0.95), versus $47.4 million ($0.45).
Annualized NOI at share was $282.4 million for Q3 2024; the company declared a $0.175 quarterly dividend payable November 22, 2024.
JBG SMITH reported a second-quarter 2024 net loss of $24.4 million, or $0.27 per diluted share, compared with a net loss of $10.5 million, or $0.10, a year earlier. Core FFO fell to $16.1 million, or $0.18 per diluted share, from $39.8 million, or $0.36, and management expects continued downward pressure on earnings and office Same Store NOI at least through the end of 2025, though multifamily leasing remained strong.
Q2 2024 net loss of $24.4 million ($0.27 per diluted share) versus a net loss of $10.5 million ($0.10) in Q2 2023
Core FFO of $16.1 million ($0.18 per diluted share) versus $39.8 million ($0.36) a year earlier
Annualized NOI excluding sold or taken-out-of-service assets was $283.9 million, down from $292.6 million in Q1 2024
Management expects downward pressure on earnings and office Same Store NOI to persist at least through the end of 2025; 1900 Crystal Drive was 49.5% leased as of July 28, 2024
JBG SMITH reported a first-quarter 2024 net loss of $32.3 million, or $0.36 per diluted share, compared with net income of $21.2 million a year earlier, and Core FFO fell to $26.9 million from $37.2 million. Management expects downward pressure on earnings from tenant vacates at least through the end of 2025, which matters to shareholders because it signals weaker earnings ahead even as the company sells assets and buys back shares.
Q1 2024 net loss of $32.3 million ($0.36 per diluted share) versus net income of $21.2 million ($0.19) in Q1 2023; the quarter included a $17.2 million impairment loss.
Core FFO attributable to common shareholders was $26.9 million ($0.29 per diluted share), down from $37.2 million ($0.33) a year earlier.
Management expects downward pressure on earnings from known tenant vacates, persisting at least through the end of 2025.
Repurchased 3.0 million shares for $49.4 million at $16.50 per share; declared a quarterly dividend of $0.175 per common share payable May 24, 2024.
JBG SMITH reported fourth-quarter and full-year 2023 results on February 20, 2024. The company posted a full-year net loss of $80.0 million, or $0.78 per diluted share, compared with net income of $85.4 million, or $0.70 per share, in 2022, after $90.2 million of real estate impairment losses. Core FFO per diluted share rose to $1.46 from $1.30, and the management letter says the Board reduced the annual dividend rate to $0.70.
Full-year 2023 net loss of $80.0 million ($0.78 per diluted share) vs. net income of $85.4 million ($0.70) in 2022
Full-year 2023 Core FFO of $154.1 million ($1.46 per diluted share) vs. $155.3 million ($1.30) in 2022
Fourth-quarter Core FFO of $36.1 million ($0.38 per diluted share) vs. $34.3 million ($0.30) a year earlier
Board reduced the annual dividend rate to $0.70, as stated in the management letter dated February 20, 2024
JBG SMITH reported a third-quarter 2023 net loss of $58.0 million, or $0.58 per diluted share, which includes $59.3 million of impairment losses on real estate assets recorded during the preparation of its financial statements. Core FFO attributable to common shareholders was $41.0 million, or $0.40 per diluted share, compared with $41.2 million, or $0.36 per diluted share, a year earlier, and the company declared a $0.225 quarterly dividend.
Q3 2023 net loss of $58.0 million ($0.58 per diluted share), versus a net loss of $19.3 million ($0.17 per diluted share) in Q3 2022
Core FFO of $41.0 million ($0.40 per diluted share) in Q3 2023, versus $41.2 million ($0.36 per diluted share) in Q3 2022
Repurchased and retired 7.9 million common shares for $120.8 million in the quarter
Quarterly dividend of $0.225 per share declared October 31, 2023, payable December 1, 2023
JBG SMITH reported a second-quarter 2023 net loss of $10.5 million, or $0.10 per diluted share, compared with net income of $123.3 million, or $1.02 per diluted share, a year earlier. Core FFO attributable to common shareholders rose to $39.8 million, or $0.36 per diluted share, from $37.1 million, or $0.31, and the company repurchased 9.3 million shares for $135.7 million during the quarter.
Net loss of $10.5 million ($0.10 per diluted share) for the three months ended June 30, 2023, versus net income of $123.3 million ($1.02) a year earlier
Core FFO of $39.8 million ($0.36 per diluted share), up from $37.1 million ($0.31) in the second quarter of 2022
Office portfolio 86.3% leased and 84.0% occupied as of June 30, 2023; multifamily portfolio 96.8% leased and 93.7% occupied
Quarterly dividend of $0.225 per common share declared August 3, 2023, payable August 31, 2023
On July 24, 2023, JBG SMITH Properties LP amended its $200 million Tranche A-1 and $400 million Tranche A-2 unsecured term loans with Wells Fargo to match the financial covenants in its restated Bank of America revolving credit agreement. The filing describes the changes as aligning covenants and makes other changes it calls immaterial, and no new borrowing amount is disclosed.
July 24, 2023: Second Amendment to the $200 million Tranche A-1 term loan and First Amendment to the $400 million Tranche A-2 term loan signed with Wells Fargo as administrative agent
Financial covenants changed to align with the Restated Revolving Credit Agreement, dated June 29, 2023, with Bank of America as administrative agent
Filing states the other provision changes are immaterial and the original terms otherwise remain in effect
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every JBG Smith filing is on SEC EDGAR ↗. 8-K briefs of other companies →