JBG SMITH Reports Q3 Loss Despite Higher Revenue and Core FFO

JBG SMITH reported third-quarter 2026 revenue of $132.41M and a net loss of $82.01M, or $1.41 per diluted share. The quarter included a $69.2M impairment charge. Core FFO reached $12.7M, or $0.22 per diluted share, while same-store NOI increased 3.3% year over year.

The results show stronger operating measures alongside a significantly negative GAAP result, with the impairment charge weighing on earnings. The company also recast its $690.0M revolving credit facility and extended $243.9M of its term loan, changing its financing profile.

  • 1Third-quarter revenue was $132.41M, while the net loss reached $82.01M, or $1.41 per diluted share.
  • 2Core FFO attributable to common shareholders was $12.7M, equal to $0.22 per diluted share.
  • 3Same-store NOI rose 3.3% year over year to $60.8M.
  • 4JBG SMITH recast its $690.0M revolving credit facility and extended $243.9M of its Tranche A-2 Term Loan.
  • 5The quarter included a $69.2M impairment loss.

Sources