JBG Smith Properties income statement
In fiscal 2025, JBG Smith Properties reported revenue of $499m, down 8.9% on the year before and net income of −$139m, or −$2.09 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 471 | 479 | 543 | 644 | 648 | 603 | 634 | 606 | 604 | 547 | 499 | 508 |
| Operating income | 103 | 113 | −52 | — | — | — | — | — | — | — | — | — |
| Interest expense | 51 | 52 | 58 | 74 | 53 | 62 | 68 | 76 | 109 | 134 | 142 | 143 |
| Income before tax | 50 | 63 | −89 | 46 | 73 | −72 | −86 | 100 | −92 | −177 | −172 | −190 |
| Income tax | 0 | 1 | −10 | −1 | −1 | −4 | 4 | 1 | −0 | 1 | −4 | −4 |
| Net income | 50 | 62 | −72 | 40 | 66 | −62 | −79 | 85 | −80 | −144 | −139 | −152 |
| Diluted EPS | $0.49 | $0.62 | −$0.70 | $0.31 | $0.48 | −$0.49 | −$0.63 | $0.70 | −$0.78 | −$1.65 | −$2.09 | −$2.56 |
| Diluted shares (average) | 101m | 101m | 105m | 119m | 131m | 133m | 131m | 119m | 105m | 88m | 67m | 59m |
| EBITDA | 250 | 248 | 112 | — | — | — | — | — | — | — | — | — |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 136 | 131 | 121 | 126 | 124 | 128 | 128 | 129 |
| Interest expense | 35 | 37 | 35 | 36 | 35 | 36 | 36 | 36 |
| Income before tax | −30 | −70 | −54 | −23 | −34 | −61 | −23 | −72 |
| Income tax | 1 | 1 | −0 | −0 | 1 | −4 | 0 | 0 |
| Net income | −27 | −60 | −46 | −19 | −29 | −46 | −19 | −59 |
| Diluted EPS | −$0.32 | −$0.70 | −$0.56 | −$0.29 | −$0.48 | −$0.74 | −$0.32 | −$1.03 |
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