Every material Form 8-K JBG Smith filed with the SEC in 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 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 and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI'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 →