JBG SMITH — Third Quarter 2026 Earnings Summary

JBG SMITH reported a net loss of $82.0 million for the third quarter of 2026, driven primarily by $69.2 million in impairment losses, while Core FFO attributable to common shares reached $12.7 million. The company successfully recast its $690.0 million revolving credit facility and $243.9 million term loan, extending maturities to August 2031, and recapitalized two office assets, 800 North Glebe and Dulles View, through joint ventures. Operating fundamentals in the multifamily and office sectors are improving, with the same-store multifamily portfolio achieving 93.1% occupancy and the office portfolio reaching 76.8% occupancy as of September 30, 2026. Management continues to recycle capital from higher-valued multifamily assets into accretive office acquisitions and share repurchases to maximize long-term net asset value per share growth.