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Sep 30, 2020
JBG SMITH Q3 2020 Earnings Report
JBG SMITH experienced a net loss and a decrease in same-store NOI due to the ongoing pandemic.
Key Takeaways
JBG SMITH reported a net loss attributable to common shareholders of $22.8 million, or $0.18 per diluted share. Core FFO attributable to common shareholders was $40.2 million, or $0.30 per diluted share. Same Store NOI decreased 4.4%.
Rent collections remained stable for office and residential, but retail collections were significantly lower.
The company is focused on advancing growth plans, particularly in National Landing.
Amazon's hiring and investment in its new headquarters continue to grow.
The company is advancing the entitlement and design of strategic development opportunities.
Revenue by Segment
Forward Guidance
JBG SMITH is well positioned to benefit from Amazon's new headquarters, the Virginia Tech Innovation Campus, and connectivity investments in National Landing.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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