JBG SMITH Q3 net loss widens to $28.6 million; Core FFO falls to $9.1 million
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.
Key points
- 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
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:07 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 28, 2025.
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.