JBG SMITH Properties filed its quarterly report on Form 10-Q with the SEC on August 10, 2026, covering the quarter and six months ended June 30, 2026, disclosing a net loss attributable to common shareholders of $59.2 million for the second quarter and $77.9 million for the first half of the year.

Key Highlights

  • Q2 net loss: Net loss attributable to common shareholders was $59,155 thousand, or $1.03 per basic and diluted share, for the three months ended June 30, 2026.
  • Six-month net loss: Net loss attributable to common shareholders was $77,852 thousand, or $1.34 per basic and diluted share, for the six months ended June 30, 2026.
  • Impairment loss: The company recorded an impairment loss of $44,065 thousand in Q2 2026 and $45,565 thousand for the six months ended June 30, 2026.
  • Total revenue: Total revenue was $129,375 thousand for Q2 2026, compared with $126,479 thousand in Q2 2025; six-month revenue was $256,977 thousand versus $247,165 thousand in the prior-year period.
  • Total assets: Total assets were $4,260,835 thousand as of June 30, 2026, down from $4,388,191 thousand as of December 31, 2025.
  • Shares outstanding: As of August 5, 2026, the company had 58,575,671 common shares outstanding and 16,042,777 Class B common shares outstanding.
  • Accumulated deficit: The accumulated deficit was $1,268,511 thousand as of June 30, 2026, compared with $1,180,410 thousand as of December 31, 2025.

JBG SMITH Q2 2026: Impairment Charges and Rising Losses Weigh on Results

According to the filing, JBG SMITH Properties (NYSE: JBGS) reported a net loss of $72,449 thousand for the three months ended June 30, 2026, with $13,381 thousand of that loss attributable to redeemable noncontrolling interests, leaving $59,155 thousand attributable to common shareholders. For the six months ended June 30, 2026, net loss totaled $95,496 thousand, with $77,852 thousand attributable to common shareholders. The company disclosed a loss per common share of $1.03 (basic and diluted) for the quarter and $1.34 for the first half of 2026.

The filing identified impairment loss as a significant component of other expense, totaling $44,065 thousand in Q2 2026 and $45,565 thousand for the six-month period. Interest expense was $36,029 thousand for the quarter and $71,577 thousand for the first six months, the company reported. Property rental revenue was $106,632 thousand in Q2 2026, modestly above the $106,509 thousand recorded in Q2 2025. Third-party real estate services revenue grew to $17,002 thousand in Q2 2026 from $14,805 thousand in Q2 2025, according to the filing.

On the balance sheet, the company reported total liabilities of $2,690,137 thousand as of June 30, 2026, including mortgage loans, net, of $1,601,618 thousand, a revolving credit facility balance of $210,000 thousand, and term loans, net, of $718,832 thousand. Total shareholders' equity of JBG SMITH Properties declined to $1,066,413 thousand from $1,157,590 thousand at December 31, 2025, according to the filing. Real estate, net, was $3,637,470 thousand as of June 30, 2026, down from $3,760,513 thousand at year-end 2025. The company also disclosed redeemable noncontrolling interests of $492,712 thousand as of June 30, 2026.

What Was Disclosed

JBG SMITH Properties disclosed financial results for the quarter and six months ended June 30, 2026, including net losses, impairment charges, revenue figures, and balance sheet positions, as part of its quarterly Form 10-Q filing with the SEC.