JBG SMITH Properties filed its quarterly report on Form 10-Q with the SEC for the period ended September 30, 2026, disclosing a net loss of $195.7 million for the first nine months of the year, driven in part by $114.7 million in impairment losses.

Key Highlights

  • Net loss of $195.7 million was recorded for the nine months ended September 30, 2026, compared to a net loss of $111.9 million in the same period of 2025, according to the filing.
  • Impairment losses of $114.7 million were recognized for the nine months ended September 30, 2026, versus $45.1 million in the prior-year period.
  • Total revenue of $389.4 million for the nine months ended September 30, 2026 increased from $371.0 million in the comparable 2025 period.
  • Loss per common share was $(2.75) basic and diluted for the nine months ended September 30, 2026, compared to $(1.35) in the prior-year period.
  • Assets held for sale of $84.3 million appeared on the September 30, 2026 balance sheet, with no comparable balance at December 31, 2025.
  • Total assets decreased to $4.201 billion as of September 30, 2026, from $4.388 billion at December 31, 2025.
  • 57,798,620 common shares and 15,766,633 Class B common shares were outstanding as of October 30, 2026, per the filing.

JBG SMITH Properties: Financial Results for the Nine Months Ended September 30, 2026

JBG SMITH Properties (NYSE:JBGS) reported a net loss attributable to common shareholders of $159.9 million, or $(2.75) per share basic and diluted, for the nine months ended September 30, 2026, according to the filing. This compares to a net loss attributable to common shareholders of $93.5 million, or $(1.35) per share, for the nine months ended September 30, 2025. For the third quarter alone, the net loss attributable to common shareholders was $82.0 million, or $(1.41) per share, versus $28.6 million, or $(0.48) per share, in the third quarter of 2025.

The filing disclosed that impairment losses totaled $114.7 million for the nine-month period ended September 30, 2026, compared to $45.1 million in the same period of 2025. For the third quarter of 2026 alone, impairment losses were $69.2 million. Interest expense for the nine months reached $108.4 million, up from $105.6 million in the prior-year period. Gain on the sale of real estate, net, was $20.6 million for the nine months ended September 30, 2026, compared to $47.0 million in the same period of 2025. A loss on the extinguishment of debt of $2.1 million was also recorded in the third quarter of 2026.

On the balance sheet, real estate net of accumulated depreciation stood at $3.477 billion as of September 30, 2026, down from $3.761 billion at December 31, 2025. Total debt consisted of mortgage loans of $1.602 billion, a revolving credit facility balance of $222.0 million, and term loans of $733.3 million. The accumulated deficit widened to $1.361 billion from $1.180 billion at year-end 2025. Total shareholders' equity of JBG SMITH Properties declined to $1.005 billion from $1.158 billion at December 31, 2025. Total other comprehensive income for the nine months was $15.1 million, reflecting changes in the fair value of derivative financial instruments.

What Was Disclosed

JBG SMITH Properties filed its Form 10-Q for the quarter ended September 30, 2026, reporting a nine-month net loss of $195.7 million, $114.7 million in impairment losses, total revenue of $389.4 million, and $84.3 million of assets held for sale on its balance sheet.