JBG SMITH Q2 FY26 net loss widens to $59.2 million; Core FFO falls to $10.4 million - JBGS News | RalliesJBG SMITH Q2 FY26 net loss widens to $59.2 million; Core FFO falls to $10.4 million
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JBGS• Dividend and legal update
- The board declared a $0.175 quarterly dividend.
- The company flagged a $356.1 million trebled damages judgment in the Wardman Tower case, which it plans to appeal.
Q2 results and operating metrics
- JBG SMITH posted a Q2 net loss of $59.2 million, or $1.03 per diluted share, widening from a $19.2 million loss a year earlier.
- FFO rose to $12.5 million, or $0.21 per diluted share, while Core FFO slipped to $10.4 million, or $0.18 per diluted share.
- Same Store NOI fell 4.0% to $54.8 million, while Annualized NOI was $249.3 million and $249.2 million on an adjusted-for-sales basis.
- Multifamily ended the quarter 89.6% leased and 86.6% occupied; the office portfolio improved to 78.0% leased and 75.4% occupied.
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