JBG SMITH posts 2025 net loss of $139.1 million; Core FFO falls to $38.9 million
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.
Key points
- 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.
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 February 17, 2026.
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.