JBG SMITH Properties (JBGS) Form 10-Q — Aug 10, 2026

$JBGSForm 10-QFiled Aug 10, 2026, 6:32 AM ET0001104659-26-092965Original filing

JBG SMITH's Q2 2026 net loss attributable to common shareholders widened sharply to $59.2 million, or $1.03 per diluted share, versus $19.2 million a year earlier, driven largely by a $44.1 million impairment of a pre-development project whose future development is no longer probable. Total revenue still rose about 2.3% year over year to $129.4 million. The biggest disclosure is litigation: on July 31, 2026 a D.C. court entered judgment in the Wardman Tower case finding $118.7 million of damages and ordering the defendants, which include a JBG SMITH subsidiary, to pay the trebled amount of approximately $356.1 million plus attorneys' fees.

Key figures

Eps: -$1.03 (Q2 2026 diluted); -$1.34 (H1 2026 diluted)
Revenue: $129.4 million (Q2 2026); $257.0 million (H1 2026)
Net Income: -$72.4 million (Q2 2026); -$95.5 million (H1 2026)
Revenue Yoy: +2.3% Q2; +4.0% H1
Cash Position: $74.8 million cash and equivalents (plus $33.3 million restricted)
Dividend per share: $0.175 quarterly declared July 30, 2026, payable August 27, 2026
Shares outstanding: 58,575,671 common shares as of August 5, 2026
Cumulative buybacks: 85.5 million shares for $1.6 billion at $18.72 average under $2.0 billion authorization
Fraud charge h1 2026: $9.5 million net of insurance recoveries (AI-enabled employee impersonation wire fraud)
Wardman tower judgment: $118.7 million damages trebled to approximately $356.1 million plus attorneys' fees
Impairment loss q2 2026: $44.1 million (pre-development project; H1 total $45.6 million)
H1 2026 share repurchases: $28.4 million / 1.8 million shares at $15.35 weighted average
Office portfolio occupied: 75.4%
Same store multifamily leased: 94.3% (92.0% occupied)
Same store noi change q2 2026: -4.0% (H1: -4.4%)
Tranche a1 term loan maturity: extended to January 2027
H1 2026 asset sale gross proceeds: $60.6 million (development parcel plus 70% interest in 2200 Crystal Drive)
Ffo attributable to common q2 2026: $12.5 million vs $10.0 million prior year
New lease effective rent change q2 2026: -9.5% (renewals +2.8%, 55.9% renewal rate)

Price after filing

1 day: 0.0%7 days: -6.3%30 days: -6.1%

Close on the filing date to close N calendar days later (from $12.16). Historical, not a forecast.

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