)
Overview
<ul>
<li>Mixed-use property developer’s Q4 net loss was $45.5 mln, with a decrease in Same Store NOI</li>
<li>Annualized NOI for Q4 rose to $245.3 mln, driven by lower utilities expenses</li>
<li>Company’s multifamily portfolio occupancy fell to 82.7% by end of Q4</li>
</ul>
Outlook
<ul>
<li>Company did not provide specific guidance for future quarters or the full year in press release</li>
</ul>
Result Drivers
<ul>
<li>ANNUALIZED NOI INCREASE - Driven by lower utilities expense and successful real estate tax appeals, partially offset by higher repairs and maintenance expense in commercial portfolio</li>
<li>SAME STORE NOI DECREASE - Decrease due to lower occupancy and higher utilities expense, partially offset by lower real estate taxes in commercial portfolio</li>
<li>MULTIFAMILY OCCUPANCY DECLINE - Multifamily portfolio occupancy fell to 82.7% by end of Q4, affecting rental income</li>
</ul>
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
<h3>Q4 FFO -$7.30</h3>
mln
<h3>Q4 $245.30</h3>
Annualiz mln
ed Net
Operatin
g Income
Analyst Coverage
<ul>
<li>The current average analyst rating on the shares is “sell” and the breakdown of recommendations is no “strong buy” or “buy”, 1 “hold” and 2 “sell” or “strong sell”</li>
<li>The average consensus recommendation for the commercial reits peer group is “hold.”</li>
<li>Wall Street’s median 12-month price target for JBG SMITH Properties is $17.50, about 9.8% above its February 13 closing price of $15.94</li>
</ul>
Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Property developer JBG SMITH posts Q4 net loss of $45.5 mln