Overview
JBG SMITH reports Q2 net loss of $19.2 mln, impacted by impairment losses
Company reports Q2 core FFO of $0.19
Company repurchased 11.2 mln shares for $184.9 mln during Q2
Result Drivers
IMPAIRMENT LOSSES - Net loss impacted by real estate impairment losses totaling $31.8 mln
OCCUPANCY DECLINE - Lower occupancy rates in multifamily and commercial portfolios contributed to decreased Same Store NOI
RENT INCREASES - Multifamily portfolio saw rent increases of 1.0% for new leases and 8.9% for renewals
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Net Income | -$19.20 mln | ||
Q2 core FFO | $0.19 | ||
Q2 FFO | $10 mln | ||
Q2 Annualized Net Operating Income | $268.40 mln |
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 is $16.00, about 20.6% below its July 28 closing price of $19.30
Press Release: ID:nBw2xCZRWa
(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.)
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。