Every material Form 8-K JBG Smith filed with the SEC in 2024, 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 third-quarter 2024 results on October 29, 2024. Core FFO fell to $19.3 million, or $0.23 per diluted share, from $41.0 million, or $0.40, a year earlier, while the net loss narrowed to $27.0 million from $58.0 million, and the nine-month net loss widened to $83.6 million from $47.4 million, so shareholders see mixed results.
Q3 2024 Core FFO was $19.3 million ($0.23 per diluted share), down from $41.0 million ($0.40) in Q3 2023.
Q3 2024 net loss was $27.0 million ($0.32 per share), versus $58.0 million ($0.58) in Q3 2023; the nine-month net loss was $83.6 million ($0.95), versus $47.4 million ($0.45).
Annualized NOI at share was $282.4 million for Q3 2024; the company declared a $0.175 quarterly dividend payable November 22, 2024.
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.
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
JBG SMITH reported a first-quarter 2024 net loss of $32.3 million, or $0.36 per diluted share, compared with net income of $21.2 million a year earlier, and Core FFO fell to $26.9 million from $37.2 million. Management expects downward pressure on earnings from tenant vacates at least through the end of 2025, which matters to shareholders because it signals weaker earnings ahead even as the company sells assets and buys back shares.
Q1 2024 net loss of $32.3 million ($0.36 per diluted share) versus net income of $21.2 million ($0.19) in Q1 2023; the quarter included a $17.2 million impairment loss.
Core FFO attributable to common shareholders was $26.9 million ($0.29 per diluted share), down from $37.2 million ($0.33) a year earlier.
Management expects downward pressure on earnings from known tenant vacates, persisting at least through the end of 2025.
Repurchased 3.0 million shares for $49.4 million at $16.50 per share; declared a quarterly dividend of $0.175 per common share payable May 24, 2024.
JBG SMITH reported fourth-quarter and full-year 2023 results on February 20, 2024. The company posted a full-year net loss of $80.0 million, or $0.78 per diluted share, compared with net income of $85.4 million, or $0.70 per share, in 2022, after $90.2 million of real estate impairment losses. Core FFO per diluted share rose to $1.46 from $1.30, and the management letter says the Board reduced the annual dividend rate to $0.70.
Full-year 2023 net loss of $80.0 million ($0.78 per diluted share) vs. net income of $85.4 million ($0.70) in 2022
Full-year 2023 Core FFO of $154.1 million ($1.46 per diluted share) vs. $155.3 million ($1.30) in 2022
Fourth-quarter Core FFO of $36.1 million ($0.38 per diluted share) vs. $34.3 million ($0.30) a year earlier
Board reduced the annual dividend rate to $0.70, as stated in the management letter dated February 20, 2024
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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 →