← JBG SMITH Properties
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $439.3m |
$474.6m
+8.05%
|
$644.2m
+35.73%
|
$647.8m
+0.56%
|
$602.7m
-6.95%
|
$634.4m
+5.25%
|
$605.8m
-4.50%
|
$604.2m
-0.27%
|
$547.3m
-9.42%
|
$498.6m
-8.90%
|
$505.5m
+1.39%
|
|
| Gains (Losses) on Sales of Investment Real Estate | — | — | $52.2m | $105.0m | $59.5m | $11.3m | $161.9m | $79.3m | ($2.8m) | $46.6m | — | |
| Other General and Administrative Expense | $48.8m | $47.1m | $33.7m | $46.8m | $46.6m | $53.8m | $58.3m | $54.8m | $58.8m | $59.2m | — | |
| Amortization of Intangible Assets | $740k | $15.0m | $21.6m | $16.0m | $13.3m | $11.1m | — | — | — | — | — | |
| Operating Lease, Lease Income | — | — | — | $493.3m | $459.0m | $499.6m | $491.7m | $483.2m | $456.9m | $416.8m | — | |
| Operating Lease, Expense | — | — | — | — | $216.6m | $221.5m | $212.2m | $201.7m | — | — | — | |
| Operating Expenses | $365.7m | $595.2m | $617.9m | $625.4m | — | — | — | — | — | — | $501.4m | |
| Other Operating Income | — | — | — | — | $14.5m | — | — | — | — | — | — | |
| Operating Income (Loss) | $112.8m |
($52.2m)
-146.26%
|
$45.9m
+187.93%
|
$72.8m
+58.78%
|
($71.5m)
-198.19%
|
($86.2m)
-20.49%
|
$100.2m
+216.32%
|
($92.0m)
-191.78%
|
($177.0m)
-92.37%
|
($171.9m)
+2.88%
|
$4.1m
+102.37%
|
|
| Investment Income, Net | $3.0m | $1.8m | $15.2m | $5.4m | ($625k) | $8.8m | $18.6m | $15.8m | $11.6m | $4.2m | — | |
| Debt and Equity Securities, Gain (Loss) | $0 | ($701k) | ($5.2m) | ($5.8m) | ($62k) | $3.6m | $14.5m | $972k | $3.4m | $1.6m | — | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | — | — | — | — | — | — | — | $425k | — | |
| Gain (Loss) Related to Litigation Settlement | — | — | — | — | — | — | — | $6.0m | — | — | — | |
| Income (Loss) from Equity Method Investments | ($947k) | ($4.1m) | $39.4m | ($1.4m) | ($20.3m) | ($2.1m) | ($17.4m) | ($27.0m) | ($7.1m) | ($4.4m) | — | |
| Interest Expense (non-operating) | $51.8m | $58.1m | $74.4m | $52.7m | $62.3m | $68.0m | $75.9m | $108.7m | $134.1m | $142.0m | $128.9m | |
| Other Expenses | — | — | — | — | $4.0m | — | — | — | — | — | — | |
| Other Income | $5.4m | $5.2m | $6.4m | — | $29.8m | $20.8m | $25.1m | $29.0m | $20.9m | $19.6m | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $63.1m | ($89.0m) | $45.9m | $72.8m | ($71.5m) | ($86.2m) | $100.2m | ($92.0m) | ($177.0m) | ($171.9m) | ($141.0m) | |
| Current Income Tax Expense (Benefit) | $1.1m | $496k | ($20k) | $34k | ($1.2m) | $709k | $1.7m | $1.3m | $171k | $86k | ($3.6m) | |
| Real Estate Tax Expense | $57.8m | $66.4m | $71.1m | $70.5m | $71.0m | $70.8m | $62.2m | $57.7m | $52.6m | $48.9m | — | |
| Income Tax Expense (Benefit) | $1.1m | ($9.9m) | ($738k) | ($1.3m) | ($4.3m) | $3.5m | $1.3m | ($296k) | $762k | ($3.8m) | ($3.6m) | |
| Net Income (Loss) Attributable to Parent | $62.0m |
($71.8m)
-215.78%
|
$39.9m
+155.64%
|
$65.6m
+64.24%
|
($62.3m)
-195.02%
|
($79.3m)
-27.21%
|
$85.4m
+207.71%
|
($80.0m)
-193.68%
|
($143.5m)
-79.46%
|
($139.1m)
+3.11%
|
($113.8m)
+18.15%
|
|
| Net Income (Loss) Available to Common Stockholders, Basic | $62.0m |
($73.4m)
-218.45%
|
$37.3m
+150.85%
|
$63.1m
+69.01%
|
($0)
-100.00%
|
($82.1m)
-16757346838.78%
|
$83.5m
+201.71%
|
($82.0m)
-198.23%
|
($146.0m)
-77.97%
|
($140.9m)
+3.52%
|
($113.8m)
+19.19%
|
|
| Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest | $0 | ($3k) | ($21k) | $0 | $5.0m | ($1.7m) | $371k | ($1.1m) | ($12.0m) | $29.0m | ($113.8m) | |
| Undistributed Earnings (Loss) Allocated to Participating Securities, Basic | $0 | $1.7m | $2.6m | $2.5m | $3.1m | $2.9m | $1.9m | $2.1m | $2.5m | $1.8m | — | |
| Earnings Per Share, Basic | $0.62 | ($0.70) | $0.31 | $0.48 | ($0.49) | ($0.63) | $0.70 | ($0.78) | ($1.65) | ($2.09) | ($1.85) | |
| Earnings Per Share, Diluted | $0.62 | ($0.70) | $0.31 | $0.48 | ($0.49) | ($0.63) | $0.70 | ($0.78) | ($1.65) | ($2.09) | ($1.85) | |
| Common Stock, Dividends, Per Share, Declared | $0.00 | $0.45 | $1.00 | $0.90 | $0.90 | $0.90 | $0.90 | $0.68 | $0.88 | $0.70 | — | |
| Weighted Average Number of Shares Outstanding, Basic | 100.6m | 105.4m | 119.2m | 130.7m | 133.5m | 130.8m | 119.0m | 105.1m | 88.3m | 67.4m | 61.7m | |
| Weighted Average Number of Shares Outstanding, Diluted | 100.6m | 105.4m | 119.2m | 130.7m | 133.5m | 130.8m | 119.0m | 105.1m | 88.3m | 67.4m | 61.7m | |
| Additional Financial Items | ||||||||||||
| Business Combination, Acquisition Related Costs | $6.5m | $127.7m | $27.7m | — | — | — | — | — | — | — | — | |
| Direct Costs of Leased and Rented Property or Equipment | — | — | — | $137.6m | $145.6m | $150.6m | $150.0m | $144.0m | $146.6m | $141.7m | — | |
| Management Fee Expense | $19.1m | $51.9m | $89.8m | $113.5m | — | — | — | — | — | — | — | |
| Share-based Payment Arrangement, Expensed and Capitalized, Amount | $4.5m | $33.7m | $52.7m | $65.3m | $70.6m | $54.6m | $45.0m | $34.4m | $31.5m | $25.9m | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $281.2m | $297.1m | $45.9m | $72.8m | $71.5m | $86.2m | $100.2m | $92.0m | $177.0m | $171.9m | — |