NYSE$JBGS
JBG SMITH Properties · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
JBG SMITH's financial performance was impacted by the COVID-19 pandemic, but the company continued to advance its development pipeline and strategic initiatives.
JBG SMITH reported a net loss of $45.7 million for Q4 2020, with Core FFO at $32.7 million or $0.25 per share. Same Store NOI decreased by 10.6%, attributed to the COVID-19 pandemic. The company advanced its development pipeline, including the completion of 1770 Crystal Drive, and made a strategic acquisition in National Landing.
- Net loss attributable to common shareholders was $45.7 million, or $0.36 per diluted share.
- Core FFO attributable to common shareholders was $32.7 million, or $0.25 per diluted share.
- Same Store NOI decreased 10.6%, with $14.6 million of the decrease attributable to the COVID-19 pandemic.
- Completed the redevelopment of 1770 Crystal Drive, which is 100% leased by Amazon.
Headline financials
Revenue & EPS history
JBG SMITH · Revenue · Quarterly
$149M
Revenue by segment
JBG SMITH · $44.2M total across 2 segments · Q4 2020
- Third-Party Real Estate Services$30.1M+3.3%68.0%
- Other Revenue$14.1M+72.5%32.0%
Forward guidance
JBG SMITH anticipates the economic fallout from the pandemic to worsen before a market recovery impacts fundamentals, with recovery likely commencing in the second half of 2021 and continuing for several years.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2020
-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
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| 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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