JBG SMITH Properties (JBGS)

JBG SMITH Properties Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Property Revenue	416.8	456.95	483.16	491.74	499.59
Service and Other Revenue	81.8	90.36	121.04	114.09	134.78
Revenue	498.6	547.31	604.2	605.82	634.36
Revenue Growth (YoY)	-8.90%	-9.41%	-0.27%	-4.50%	5.25%
Property Expenses	141.71	146.61	144.05	150	150.64
Service and Other Expenses	60.59	74.26	88.95	94.53	107.16
Total Property Expenses	202.31	220.87	233	244.53	257.8
Property Taxes	48.86	52.61	57.67	62.17	70.82
Gross Profit	247.43	273.83	313.53	299.12	305.74
Selling, General & Admin	65.39	64.11	64.12	69.18	80.57
Depreciation & Amortization Expenses	190.06	208.18	210.2	213.77	236.3
Operating Income	-8.03	1.55	39.21	16.17	-11.13
Net Gains on Disposal of Properties	46.63	-2.75	79.34	161.89	11.29
Interest Income	-0.21	4.48	-11.22	1.19	6.77
Interest Expense	-142.04	-134.07	-108.66	-75.93	-67.96
Other Non-Operating Income (Expense)	-68.25	-46.19	-90.68	-3.07	-25.14
Total Non-Operating Income (Expense)	-163.86	-178.54	-131.22	84.08	-75.05
Pretax Income	-171.89	-176.99	-92.01	100.25	-86.18
Provision for Income Taxes	-3.83	0.76	-0.3	1.26	3.54
Net Income	-139.06	-143.53	-79.98	85.37	-79.26
Minority Interest in Earnings	-29	-34.23	-11.73	13.62	-10.47
Net Income to Common	-139.06	-143.53	-79.98	85.37	-79.26
Shares Outstanding (Basic)	67	88	105	119	131
Shares Outstanding (Diluted)	67	88	105	119	131
Shares Change (YoY)	-23.74%	-15.95%	-11.69%	-9.04%	-1.96%
EPS (Basic)	-2.09	-1.65	-0.78	0.70	-0.63
EPS (Diluted)	-2.09	-1.65	-0.78	0.70	-0.63
Free Cash Flow	-89.28	-88.64	-169.92	-214.01	-163.9
Free Cash Flow Per Share	-1.33	-1.00	-1.62	-1.80	-1.25
Dividends Per Share	0.700	0.700	0.850	0.900	0.900
Dividend Growth	-	-17.65%	-5.56%	-	-
Gross Margin	49.62%	50.03%	51.89%	49.37%	48.20%
Operating Margin	-1.61%	0.28%	6.49%	2.67%	-1.76%
Profit Margin	-33.71%	-32.48%	-15.18%	16.34%	-14.14%
FCF Margin	-17.91%	-16.19%	-28.12%	-35.32%	-25.84%
EBITDA	189.44	216.54	254.84	234.01	229.32
EBITDA Margin	38.00%	39.56%	42.18%	38.63%	36.15%
EBIT	-8.03	1.55	39.21	16.17	-11.13
EBIT Margin	-1.61%	0.28%	6.49%	2.67%	-1.76%
Effective Tax Rate	2.23%	-0.43%	0.32%	1.26%	-4.11%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q