← 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
Total Revenue $439.3m $474.6m $644.2m $647.8m $602.7m $634.4m $605.8m $604.2m $547.3m $498.6m
Revenues:
Operating Expenses $365.7m $595.2m $617.9m $625.4m — — — — — —
Operating Income (Loss) $112.8m ($52.2m) — — — — — — — —
Additional Financial Items
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)
Operating Lease, Lease Income — — — $493.3m $459.0m $499.6m $491.7m $483.2m $456.9m $416.8m
Amortization of Intangible Assets $740k $15.0m $21.6m $16.0m $13.3m $11.1m — — — —
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 — —
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 Income $5.4m $5.2m $6.4m — $29.8m $20.8m $25.1m $29.0m $20.9m $19.6m
Other Operating Income — — — — $14.5m — — — — —
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
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)
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
Investment Income, Net $3.0m $1.8m $15.2m $5.4m ($625k) $8.8m $18.6m $15.8m $11.6m $4.2m
Net Income (Loss) Attributable to Parent $62.0m ($71.8m) $39.9m $65.6m ($62.3m) ($79.3m) $85.4m ($80.0m) ($143.5m) ($139.1m)
Net Income (Loss) Available to Common Stockholders, Basic $62.0m ($73.4m) $37.3m $63.1m ($0) ($82.1m) $83.5m ($82.0m) ($146.0m) ($140.9m)
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest $0 ($3k) ($21k) $0 $5.0m ($1.7m) $371k ($1.1m) ($12.0m) $29.0m
Earnings Per Share, Basic $0.62 ($0.70) $0.31 $0.48 ($0.49) ($0.63) $0.70 ($0.78) ($1.65) ($2.09)
Earnings Per Share, Diluted $0.62 ($0.70) $0.31 $0.48 ($0.49) ($0.63) $0.70 ($0.78) ($1.65) ($2.09)
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
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
Interest Expense (non-operating) — — — — — — — — $134.1m $142.0m
Business Combination, Acquisition Related Costs $6.5m $127.7m $27.7m — — — — — — —
Current Income Tax Expense (Benefit) $1.1m $496k ($20k) $34k ($1.2m) $709k $1.7m $1.3m $171k $86k
Direct Costs of Leased and Rented Property or Equipment — — — $137.6m $145.6m $150.6m $150.0m $144.0m $146.6m $141.7m
Interest Expense $51.8m $58.1m $74.4m $52.7m $62.3m $68.0m $75.9m $108.7m $134.1m $142.0m
Management Fee Expense $19.1m $51.9m $89.8m $113.5m — — — — — —
Operating Lease, Expense — — — — $216.6m $221.5m $212.2m $201.7m — —
Other Expenses — — — — $4.0m — — — — —
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
Real Estate Tax Expense $57.8m $66.4m $71.1m $70.5m $71.0m $70.8m $62.2m $57.7m $52.6m $48.9m
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 Tax Expense (Benefit) $1.1m ($9.9m) ($738k) ($1.3m) ($4.3m) $3.5m $1.3m ($296k) $762k ($3.8m)

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.