JBG SMITH Properties (JBGS) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 127.6M | 127.56M | 123.87M | 126.48M | 120.69M | 130.78M | 136.03M | 135.32M | 145.18M | 147.58M | 149.3M | 152.6M | 153.4M | 150.74M | 147.61M | 145.5M | 161.97M | 157.41M | 157.02M | 154.64M |
| Revenue Growth % | 5.73% | -2.46% | -8.94% | -6.53% | -16.87% | -11.38% | -8.89% | -11.33% | -5.35% | -2.1% | 1.14% | 4.88% | -5.29% | -4.24% | -5.99% | -5.91% | -2.01% | 5.91% | 3.96% | 6.69% |
| Property Operating Expenses | 48.26M | 385.03M | 62.91M | 61.09M | 61.68M | 65.62M | 67.16M | 69.3M | 71.4M | 70.16M | 73.41M | 72.44M | 74.66M | 73.94M | 72.35M | 74.53M | 85.88M | 83.53M | 84M | 79.11M |
| Net Operating Income (NOI) | 79.34M | -257.47M | 60.96M | 65.39M | 59.01M | 65.17M | 68.87M | 66.02M | 73.78M | 77.42M | 75.89M | 80.16M | 78.74M | 76.8M | 75.27M | 70.97M | 76.09M | 73.88M | 73.02M | 75.53M |
| NOI Margin % | 62.18% | -201.84% | 49.22% | 51.7% | 48.89% | 49.83% | 50.63% | 48.79% | 50.82% | 52.46% | 50.83% | 52.53% | 51.33% | 50.95% | 50.99% | 48.78% | 46.98% | 46.93% | 46.5% | 48.84% |
| Operating Expenses | 0 | -254.47M | 61.38M | 64.28M | 63.14M | 64.9M | 61.93M | 68.31M | 71.83M | 69.81M | 11.29M | 15.09M | 16.47M | 72.81M | 62.68M | 65.84M | 76.12M | 76.98M | 72.31M | 75.01M |
| G&A Expenses | 0 | 0 | 13.21M | 16.72M | 15.56M | 14.94M | 11.88M | 17M | 14.97M | 12.53M | 11.29M | 15.09M | 16.47M | 16.63M | 12.62M | 16.36M | 18.06M | 18.8M | 15.59M | 18.34M |
| EBITDA | -8.95M | 38.18M | 49.67M | 50.52M | 45.24M | 51.89M | 58.74M | 50.75M | 60.48M | 67.17M | 112.7M | 113.93M | 115.37M | 61.91M | 63.44M | 55.05M | 59.13M | 57.03M | 58.25M | 58.01M |
| EBITDA Margin % | -7.01% | 29.93% | 40.1% | 39.95% | 37.49% | 39.68% | 43.19% | 37.5% | 41.65% | 45.51% | 75.49% | 74.66% | 75.21% | 41.07% | 42.97% | 37.83% | 36.51% | 36.23% | 37.09% | 37.51% |
| Depreciation & Amortization | 45.3M | 41.18M | 50.09M | 49.41M | 49.38M | 51.63M | 51.81M | 53.04M | 58.52M | 59.55M | 48.1M | 48.86M | 53.1M | 57.92M | 50.85M | 49.91M | 59.16M | 60.13M | 57.53M | 57.5M |
| D&A / Revenue % | 35.5% | 32.28% | 40.44% | 39.07% | 40.92% | 39.48% | 38.09% | 39.19% | 40.31% | 40.35% | 32.22% | 32.02% | 34.62% | 38.42% | 34.45% | 34.3% | 36.53% | 38.2% | 36.64% | 37.18% |
| Operating Income | 0 | -3M | -414K | 1.11M | -4.14M | 261K | 6.94M | -2.29M | 1.96M | 7.61M | 64.6M | 65.07M | 62.26M | 3.99M | 12.59M | 5.13M | -35K | -3.1M | 712K | 515K |
| Operating Margin % | 0% | -2.35% | -0.33% | 0.88% | -3.43% | 0.2% | 5.1% | -1.69% | 1.35% | 5.16% | 43.27% | 42.64% | 40.59% | 2.65% | 8.53% | 3.53% | -0.02% | -1.97% | 0.45% | 0.33% |
| Interest Expense | -1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 |
| Interest Coverage | - | -0.06x | -0.08x | 0.27x | -0.73x | -0.18x | 0.02x | -0.18x | -0.67x | -0.75x | 0.76x | 0.74x | 0.33x | 0.03x | -0.08x | 9.52x | 0.97x | -2.69x | 1.08x | - |
| Non-Operating Income | 0 | 192K | 2.45M | -7.52M | 18.67M | 38.88M | 6.24M | 2.76M | 19.4M | 22.37M | 50.27M | 49.22M | 53.43M | 3.11M | 14.09M | -156.21M | -18M | 44.38M | -16.61M | -11.88M |
| Pretax Income | -23.04M | -60.64M | -34.09M | -23.26M | -53.9M | -70.04M | -30.48M | -32.82M | -43.66M | -38.63M | -66.02M | -11.64M | -24.29M | -22.19M | -21.41M | 144.4M | -548K | -64.32M | 1.21M | -3.32M |
| Pretax Margin % | -18.06% | -47.54% | -27.52% | -18.39% | -44.66% | -53.55% | -22.41% | -24.25% | -30.07% | -26.18% | -44.22% | -7.63% | -15.84% | -14.72% | -14.51% | 99.24% | -0.34% | -40.86% | 0.77% | -2.15% |
| Income Tax | -7K | -4.47M | 926K | -83K | -200K | 802K | 831K | 597K | -1.47M | -968K | 77K | 611K | 16K | -1.34M | 166K | 2.9M | -471K | -986K | 217K | -5K |
| Effective Tax Rate % | 0.03% | 7.38% | -2.72% | 0.36% | 0.37% | -1.15% | -2.73% | -1.82% | 3.36% | 2.51% | -0.12% | -5.25% | -0.07% | 6.02% | -0.78% | 2.01% | 85.95% | 1.53% | 17.89% | 0.15% |
| Net Income | -18.7M | -45.55M | -28.55M | -19.24M | -45.72M | -59.9M | -26.98M | -24.37M | -32.28M | -32.6M | -58.01M | -10.54M | 21.17M | -18.58M | -19.29M | 123.28M | -32K | -56.45M | 893K | -2.97M |
| Net Margin % | -14.65% | -35.71% | -23.05% | -15.21% | -37.88% | -45.8% | -19.83% | -18.01% | -22.23% | -22.09% | -38.85% | -6.91% | 13.8% | -12.33% | -13.07% | 84.72% | -0.02% | -35.86% | 0.57% | -1.92% |
| Net Income Growth % | 59.11% | 23.96% | -5.84% | 21.06% | -41.65% | -83.75% | 53.49% | -131.13% | -252.45% | -75.45% | -200.66% | -108.55% | 66259.38% | 67.09% | -2260.47% | 4246.48% | 99.85% | -23.64% | 103.92% | 91.92% |
| Funds From Operations (FFO) | 26.61M | -4.37M | 21.53M | 30.17M | 3.66M | -8.27M | 24.83M | 28.66M | 26.24M | 26.96M | -9.91M | 38.31M | 74.28M | 39.34M | 31.55M | 173.19M | 59.13M | 3.69M | 58.43M | 54.52M |
| FFO Margin % | 20.85% | -3.42% | 17.38% | 23.86% | 3.03% | -6.32% | 18.25% | 21.18% | 18.08% | 18.27% | -6.64% | 25.11% | 48.42% | 26.1% | 21.38% | 119.03% | 36.51% | 2.34% | 37.21% | 35.26% |
| FFO Growth % | 626.6% | 47.21% | -13.27% | 5.26% | -86.05% | -130.68% | 350.55% | -25.19% | -64.67% | -31.48% | -131.4% | -77.88% | 25.61% | 966.97% | -46% | 217.64% | 32.7% | -81.14% | 68.82% | 227.29% |
| FFO per Share | 0.45 | -0.07 | 0.36 | 0.44 | 0.04 | -0.10 | 0.29 | 0.31 | 0.28 | 0.28 | -0.10 | 0.35 | 0.65 | 0.35 | 0.28 | 1.43 | 0.47 | 0.03 | 0.44 | 0.41 |
| FFO Payout Ratio % | 39.15% | -237.84% | 50.29% | 41.21% | 403.82% | -179.21% | 60.48% | 56.18% | 61.22% | 79.83% | -232.39% | 62.09% | 34.55% | 65.12% | 81.6% | 15.97% | 48.48% | 791.62% | 50.82% | 54.25% |
| EPS (Diluted) | -0.32 | -0.78 | -0.48 | -0.29 | -0.56 | -0.71 | -0.32 | -0.27 | -0.36 | -0.35 | -0.58 | -0.10 | 0.19 | -0.18 | -0.19 | 1.02 | -0.00 | -0.44 | 0.00 | -0.02 |
| EPS Growth % | 42.86% | -9.86% | -50% | -7.41% | -55.56% | -102.86% | 44.83% | -180.96% | -289.47% | -94.44% | -205.26% | -109.42% | - | 59.09% | - | 4613.27% | 99.81% | -25.71% | 100.59% | 91.93% |
| EPS (Basic) | -0.32 | -0.78 | -0.48 | -0.29 | -0.56 | -0.70 | -0.32 | -0.27 | -0.36 | -0.35 | -0.58 | -0.10 | 0.19 | -0.18 | -0.19 | 1.02 | -0.00 | -0.44 | 0.00 | -0.02 |
| Diluted Shares Outstanding | 59.07M | 59.35M | 60.61M | 68.29M | 81.52M | 84.44M | 85.29M | 91.03M | 92.64M | 95.43M | 101.44M | 109.69M | 114.05M | 113.85M | 114.36M | 121.32M | 126.68M | 128.99M | 131.35M | 131.48M |