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JBG SMITH Properties 8-K Filings

JBGS NYSE

Every 8-K that JBG SMITH Properties (JBGS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 8-K covers material events a company has to report between its quarterly reports, so if you follow JBGS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full JBGS filings page.

Rhea-AI Summary

JBG SMITH Properties (JBGS), through JBG SMITH LP, entered into a new Revolving Credit Agreement providing a $690.0 million senior unsecured revolving credit facility maturing on August 27, 2030, replacing a prior $750.0 million facility that was to mature on June 29, 2027.

The facility includes two six‑month extension options for a 0.075% fee and an option to increase the revolver or add term loans by up to $560.0 million. As of August 27, 2026, $230.0 million was drawn. Interest is based on SOFR plus 1.30%–1.75% or base rate plus 0.30%–0.75%, plus a 0.15%–0.30% facility fee.

JBG SMITH LP also aligned covenants across its $200.0 million Tranche A‑1 term loan, its $400.0 million Tranche A‑2 term loan and its $120.0 million 2023 term loan. Of the Tranche A‑2 loan, $228.9 million was extended to August 25, 2028, with the remaining $171.1 million still due January 13, 2028, and an additional $15.0 million of term loans was added under an incremental agreement.

Rhea-AI Summary

JBG SMITH Properties reported second quarter 2026 results, highlighting continued leasing progress but weaker earnings and elevated leverage. For the three months ended June 30, 2026, the company recorded a net loss attributable to common shareholders of $59.2 million, or $1.03 per share, compared with a larger year-to-date loss of $77.9 million. Results included a $44.1 million real estate impairment. Funds From Operations attributable to OP Units were $15.96 million, and Core FFO attributable to common shareholders was $10.4 million, or $0.18 per diluted share. Operating portfolio NOI was $62.3 million, while Same Store NOI declined 4.0% year over year for the quarter.

Annualized NOI was $249.2 million and Net Debt to Annualized Adjusted EBITDA stood at a high 12.4x, with Net Debt at $2.48 billion and Net Debt representing 70.3% of total enterprise value. As of June 30, 2026, 89.6% of the multifamily portfolio was leased and 78.0% of the office portfolio was leased, with improving leasing momentum in National Landing and increasing demand from defense and technology tenants.

The company also disclosed that the DC Superior Court entered a $356.1 million treble-damages judgment against defendants including JBG SMITH in the Wardman Tower litigation, plus attorneys’ fees to be determined. JBG SMITH stated it intends to appeal, may need to participate in posting bonds that could affect liquidity, and has not recorded a liability, concluding a loss is not probable as of June 30, 2026.

Rhea-AI Summary

JBG SMITH Properties reported first quarter 2026 results showing a narrower loss and higher cash-flow metrics. Net loss attributable to common shareholders was $18.7 million, or $0.32 per diluted share, compared with $45.7 million, or $0.56, a year earlier.

FFO attributable to OP units was $2.7 million ($0.04 per diluted share) and Core FFO rose to $9.8 million, or $0.17 per diluted share, versus $7.2 million, or $0.09, in 2025. Total revenue increased to $127.6 million from $120.7 million.

Operating portfolio annualized NOI was $246.9 million, while Same Store NOI fell 4.8%. The multifamily portfolio was 86.8% leased and 84.5% occupied; office was 76.9% leased and 75.2% occupied. Net Debt to annualized Adjusted EBITDA stood at 12.7x, with Net Debt of $2.48 billion and 83.9% of debt fixed or hedged.

Rhea-AI Summary

JBG SMITH Properties reported fourth-quarter 2025 Core FFO attributable to common shareholders of $9.9 million, or $0.17 per diluted share, and full-year 2025 Core FFO of $38.9 million, or $0.58 per diluted share. The company posted a full-year net loss attributable to common shareholders of $139.1 million, or $2.09 per share, while operating portfolio NOI for 2025 was $256.5 million.

Same Store NOI declined 5.1% for 2025, reflecting softer conditions, particularly in multifamily where Same Store NOI fell 2.4%. The multifamily portfolio ended the year 84.7% leased, and the office portfolio was 77.5% leased. Leverage is elevated, with Net Debt of $2.46 billion and Net Debt to annualized Adjusted EBITDA of 12.5x, though 84.7% of debt is fixed or hedged.

In 2025, JBG SMITH completed $660.3 million of dispositions and recapitalizations at an average cap rate of 4.8% and acquired $61.2 million of office assets at a reported 17.9% capitalization rate. It repurchased 26.8 million shares for $443.1 million at an average price of $16.52, continuing a capital allocation strategy focused on NAV per share and National Landing–centric growth.

Rhea-AI Summary

JBG SMITH Properties announced financial results for the three and nine months ended September 30, 2025, and furnished a Quarterly Investor Package as Exhibit 99.1. The package includes a letter to shareholders, the earnings press release, and supplemental information.

The materials are furnished, not filed, under the Exchange Act and are not incorporated by reference. This 8-K centers on making the results and supporting materials available to investors.