Overview

* JBG SMITH Q3 net loss was $28.6 mln, reflecting ongoing challenges

* Adjusted FFO for Q3 beats analyst expectations

* Annualized NOI decreased due to higher utility and operating expenses

Outlook

* Company did not provide specific guidance for future quarters or full year in its press release

Result Drivers

* UTILITY AND OPERATING EXPENSES - Higher utility and operating expenses contributed to decreased Annualized NOI

* MULTIFAMILY PORTFOLIO - Slight increase in occupancy and leasing rates in multifamily portfolio

* COMMERCIAL PORTFOLIO CHALLENGES - Lower occupancy and parking revenue in commercial portfolio affected Same Store NOI

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Net -$28.60

Income mln

Q3 Beat $9.10 $0.18 (2

Adjusted mln Analysts

FFO )

Q3 FFO $10.10

mln

Q3 $0.15

Adjusted

FFO Per

Share

Q3 $242.30

Annualiz mln

ed Net

Operatin

g Income

Analyst Coverage

* The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy", 1 "hold" and 2 "sell" or "strong sell"

* The average consensus recommendation for the commercial reits peer group is "hold."

* Wall Street's median 12-month price target for JBG SMITH Properties ( JBGS ) is $19.50, about 10.5% below its October 27 closing price of $21.55

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)