JBG SMITH Q2 net loss of $59.2 million; Wardman judgment of $356.1 million
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.
Key points
- 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
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 August 10, 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.