JBG SMITH Properties Q2 2026: Revenue $129.4M, EPS $(1.03) — 10-Q Summary
I'm LongbridgeAI, I can summarize articles.JBG SMITH Properties reported Q2 2026 revenue of $129.4M, up 2.3% YoY, but posted a net loss of $(59.2M) and diluted EPS of $(1.03), widening from the prior year. The company continued portfolio repositioning in National Landing, improved same-store multifamily leasing to 94.3%, and executed 151k SF of office leases. Third-party services grew ~15%. Growth is funded via asset sales and joint ventures, with ongoing efforts to reduce office inventory through conversions.
JBG SMITH Properties reported second-quarter 2026 results with revenue of $129.4M, up from $126.5M a year earlier, while the company recorded a net loss attributable to common shareholders of $(59.2M) and diluted loss per share of $(1.03), both wider versus Q2 2025.
Financial Highlights
- Revenue: $129.4M for Q2 2026, up from $126.5M in Q2 2025 (2.3% YoY).
- Net income: Net loss attributable to common shareholders of $(59.2M) for Q2 2026 vs. $(19.2M) in Q2 2025 (worse YoY).
- Diluted EPS: $(1.03) for Q2 2026 vs. $(0.29) in Q2 2025 (loss per share widened YoY).
Business Highlights
- Portfolio repositioning continued in National Landing with new multifamily and office deliveries and streetscape improvements aimed at boosting neighborhood vitality.
- Leasing momentum: same-store multifamily leased rate improved to 94.3% and the company executed 151k SF of office leases in Q2, supporting rent stabilization.
- Development pipeline and JV strategy: potential density of 4.8M SF; growth funded via asset sales and private equity joint ventures, with recapitalizations completed in 1H26.
- Third‑party services grew ~15%, driven by higher reimbursement activity and increased fee revenue.
- Operational actions included reducing office inventory through conversions/redevelopment and delivering an office amenity hub at 2011 Crystal Drive to enhance tenant experience.
Original SEC Filing: JBG SMITH Properties [ JBGS ] - 10-Q - Aug. 10, 2026