NYSE$JBGS

JBG SMITH Properties · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

JBG SMITH Properties reported its financial results for the second quarter ended June 30, 2025.

The company recorded total revenue of $126.5 million, a decrease from the prior year quarter, and reported a net loss attributable to common shareholders of $19.2 million or $0.29 per diluted share. Property rental revenue declined primarily due to asset sales and lower occupancy in the commercial portfolio, partially offset by lease-up in multifamily assets. The quarter included a $41.8 million gain on the sale of real estate and a $31.8 million impairment loss.

  • Total revenue for Q2 2025 was $126.5 million, down 6.5% year-over-year.
  • Net loss attributable to common shareholders was $19.2 million ($0.29 per share).
  • Property rental revenue decreased to $106.5 million due to dispositions and commercial occupancy declines.
  • Cash and cash equivalents stood at $61.4 million at quarter end.

Headline financials

Total Revenue

$126M

Previous: $135M-6.5%
EPS (adj)

-$0.29

Previous: $0.18-261.1%
Capital Expenditures

-$42.7M

Previous: -$19.6M-118.5%
Net Income

-$19.2M

Previous: -$24.4M+21.1%
Operating Income

-$24.9M

Previous: -$46.8M+46.9%
Cash & Equivalents

$61.4M

No prior period

Revenue & EPS history

JBG SMITH · Revenue · Quarterly

$126M

Q2 2025-6.5%vs Q2 2024
Beat estimate in 12 of 14 quarters(86%)
ActualEstimate

Revenue by segment

JBG SMITH · $126M total across 3 segments · Q2 2025

  • Property Rentals
    $107M
  • Third-party Real Estate Services
    $14.8M
  • Other Revenue
    $5.17M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

-1.5%

Avg return

Earnings day

-2.2%

Avg return

5 days after

-0.6%

Avg return

30 days after

23%

9 / 40 earnings

Positive

+5.1%

Q1 2023

Best reaction

-9.7%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
Q1 2026-3.6%+0.7%-1.8%
Q4 2025-1.4%-0.9%-6.4%
Q3 2025-5.4%-11.2%-14.6%
Q1 2025-1.6%+4.4%+20.3%
Q3 2024-3.0%-7.6%-7.7%
Q2 2024-3.0%-4.7%+3.3%
Q1 2024-6.4%-3.9%-8.7%
Q4 2023+0.8%-0.6%+3.2%
Q3 2023-1.0%-5.4%+11.5%
Q2 2023-9.7%-7.4%-6.2%
Q1 2023+5.1%+2.9%+7.3%
Q4 2022-2.5%-4.9%-27.3%
Q3 2022-1.4%-2.6%+4.2%
Q2 2022-3.1%-6.6%-14.1%
Q1 2022+2.6%-2.2%+0.3%
Q4 2021-5.9%-2.4%+4.2%
Q3 2021+0.3%+2.9%-3.8%
Q2 2021-4.4%-3.7%-4.5%
Q1 2021-1.6%+0.3%+6.1%
Q4 2020+1.8%-1.8%-3.0%
Q3 2020+0.1%-1.0%+33.3%
Q2 2020-0.0%+0.1%-2.1%
Q1 2020-2.0%+0.6%-1.1%
Q4 2019-2.4%-11.0%-26.4%
Q3 2019-1.5%-2.1%-1.8%
Q2 2019+0.4%+1.2%+3.6%
Q1 2019-1.8%-1.2%-4.4%
Q4 2018-1.8%-1.5%+1.1%
Q3 2018-1.4%-2.3%-0.7%
Q2 2018-0.8%+0.6%-2.2%
Q1 2017-0.5%-2.0%+3.5%
Q1 2018-0.5%-2.0%+3.5%
Q4 2015-1.8%-2.2%-0.1%
Q4 2017-1.8%-2.2%-0.1%
Q1 2016-1.8%-2.2%-0.1%
Q3 2017+0.8%-0.5%+5.1%
Q3 2016+0.8%-0.5%+5.1%
Q2 2016-0.5%-1.4%-1.4%
Q2 2017-0.5%-1.4%-1.4%
Q4 2016-0.5%-1.4%-1.4%

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