{"url":"https://newsforagent.com/news/2026-11-06/jbg-smith-q3-net-loss-widens","markdown_url":"https://newsforagent.com/news/2026-11-06/jbg-smith-q3-net-loss-widens.md","title":"JBG SMITH Posts $82 Million Q3 Net Loss as Impairments Grow","headline":"JBG SMITH's Third-Quarter Net Loss Widens to $82 Million on $69.2 Million in Impairments","description":"JBG SMITH's third-quarter net loss widened to $82 million as impairment losses reached $69.2 million, while funds from operations rose to $10.4 million.","section":"Earnings & Results","published_at":"2026-11-06T11:57:02+00:00","modified_at":"2026-11-06T11:57:02+00:00","author":"News Desk","key_takeaways":["JBG SMITH reported a third-quarter net loss of $82 million, or $1.41 per diluted share, compared with $28.6 million a year earlier.","Impairment losses totaled $69.2 million in the quarter, up from $4.8 million in the third quarter of 2025.","Funds from operations were $10.4 million, and the board declared a $0.175 quarterly dividend payable November 25, 2026."],"companies":[{"name":"JBG SMITH","is_primary":true,"profile_url":"https://akta.pro/company-profiles/0003gi6/jbg-smith","website":"https://www.jbgsmith.com"}],"source":{"publisher":"Business Wire","title":"JBG SMITH Q3 net loss widens to $82M from $28.6M","url":"https://www.businesswire.com/news/home/20261106463245/en/"},"other_sources":[],"tags":["Earnings & Results","JBG SMITH"],"body_markdown":"JBG SMITH reported a third-quarter net loss of $82 million, or $1.41 per diluted share, compared with a net loss of $28.6 million, or $0.48 per diluted share, a year earlier. The Bethesda, Maryland, owner and developer of mixed-use properties in the Washington, DC, market filed its Form 10-Q for the quarter ended September 30, 2026, [Business Wire](https://www.businesswire.com/news/home/20261106463245/en/) reported.\n\n## Impairments and Rents Behind JBG SMITH's Loss\n\nImpairment losses reached $69.2 million in the quarter, compared with $4.8 million in the third quarter of 2025. For the nine months ended September 30, 2026, impairment losses were $114.7 million, against $45.1 million a year earlier. The company said higher operating income and occupancy accompanied the larger impairment losses and weaker new-lease multifamily rents.\n\nFunds from operations were $10.4 million, or $0.18 per diluted share, compared with $10.1 million, or $0.17 per diluted share, a year earlier. Core funds from operations were $12.7 million, or $0.22 per diluted share, compared with $9.1 million, or $0.15 per diluted share.\n\nSame store net operating income at the company's share rose 3.3% to $60.8 million. In the same store multifamily portfolio, effective rents on new leases fell 9.6%, while renewal rents rose 2.7% at a 56.8% renewal rate. The operating multifamily portfolio was 92.9% leased and 91.5% occupied as of September 30, 2026, compared with 89.6% and 86.6% as of June 30, 2026.\n\n## JBG SMITH's Portfolio and Balance Sheet\n\n[JBG SMITH](https://akta.pro/company-profiles/0003gi6/jbg-smith) owns, operates and develops mixed-use properties concentrated in Metro-served submarkets in and around Washington, DC, most notably National Landing. According to akta.pro [company records](https://akta.pro/company-data), the company was founded in 2017 and is led by Chairman and Chief Executive Officer W. Matthew Kelly.\n\nThe company reported total enterprise value of approximately $3.2 billion as of September 30, 2026, comprising 71.5 million common shares and units valued at $718.2 million and debt at its share of $2.6 billion, less cash and cash equivalents at its share of $77.7 million. Net debt to annualized adjusted EBITDA at its share was 11.6x. One asset was under construction, 2200 Crystal Drive in National Landing, an obsolete office building being converted into a 195-unit multifamily asset, 59 units at the company's share.\n\n## JBG SMITH's Dividend and October Transactions\n\nOn October 29, 2026, the board of trustees declared a quarterly dividend of $0.175 per common share, payable November 25, 2026 to shareholders of record as of November 12, 2026, [Stock Titan](https://akta.pro/news-signals) reported.\n\nIn October 2026, JBG SMITH formed a venture to recapitalize 800 North Glebe Road, a 306,210-square-foot commercial asset in Arlington, Virginia, in which it sold a 90.0% interest. The venture entered a three-year, interest-only $61.3 million mortgage loan at SOFR plus 3.70%, of which $52.7 million was drawn at closing. The company also formed a venture for Dulles View, a 360,482-square-foot commercial asset in Dulles, Virginia, retaining a 30.0% interest, with a three-year, interest-only $40.9 million mortgage loan at SOFR plus 3.35%, of which $17.4 million was drawn at closing.\n\n## What Comes Next for JBG SMITH\n\nThe dividend is scheduled for payment on November 25, 2026, to shareholders of record as of November 12, 2026. The company's third-quarter 2026 investor package is posted in the investor relations section of its website, [jbgsmith.com](https://www.jbgsmith.com).\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}