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Dec 31, 2020
JBG SMITH Q4 2020 Earnings Report
JBG SMITH's financial performance was impacted by the COVID-19 pandemic, but the company continued to advance its development pipeline and strategic initiatives.
Key Takeaways
JBG SMITH reported a net loss of $45.7 million for Q4 2020, with Core FFO at $32.7 million or $0.25 per share. Same Store NOI decreased by 10.6%, attributed to the COVID-19 pandemic. The company advanced its development pipeline, including the completion of 1770 Crystal Drive, and made a strategic acquisition in National Landing.
Net loss attributable to common shareholders was $45.7 million, or $0.36 per diluted share.
Core FFO attributable to common shareholders was $32.7 million, or $0.25 per diluted share.
Same Store NOI decreased 10.6%, with $14.6 million of the decrease attributable to the COVID-19 pandemic.
Completed the redevelopment of 1770 Crystal Drive, which is 100% leased by Amazon.
Revenue by Segment
Forward Guidance
JBG SMITH anticipates the economic fallout from the pandemic to worsen before a market recovery impacts fundamentals, with recovery likely commencing in the second half of 2021 and continuing for several years.
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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