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AI brief of an SEC Form 8-K · JBG Smith (JBGS)

JBG SMITH Q2 net loss widens to $24.4 million; Core FFO falls to $16.1 million

Negative Impact 4 of 5 earnings Written later

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.

Key points

  • 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

The filing

CompanyJBG Smith (JBGS)
Form8-K, current report
Filed with the SECJul 30, 2024, 4:15 PM ET
Accession number0001558370-24-010380

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

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 July 30, 2024.

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.