JBG SMITH PROPERTIES
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $498.6M | $547.3M | $556.2M | $567.9M | $593.5M | $649.2M | $640.1M | $607.7M |
| Rental Revenue | — | — | $535.4M | $548.7M | $574.6M | $626.8M | $612.9M | $582.4M |
| Other Property Income | — | — | $20.8M | $19.2M | $18.9M | $22.4M | $27.2M | $25.3M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $-171.9M | $-177.0M | $16.7M | $176.2M | $-18.2M | $-9.2M | $125.5M | $120.3M |
| Operating Margin | -34.5% | -32.3% | 3.0% | 31.0% | -3.1% | -1.4% | 19.6% | 19.8% |
| Interest Expense | — | — | $108.7M | $75.9M | $68.0M | $62.3M | $52.7M | $74.4M |
| Pretax Income | $-171.9M | $-177.0M | $-92.0M | $100.3M | $-86.2M | $-71.5M | $72.8M | $45.9M |
| Income Tax Expense | $-3.8M | $762.0K | $-296.0K | $1.3M | $3.5M | $-4.3M | $-1.3M | $-738.0K |
| Net Income | $-139.1M | $-143.5M | $-80.0M | $85.4M | $-79.3M | $-62.3M | $65.6M | $39.9M |
| Net Margin | -27.9% | -26.2% | -14.4% | 15.0% | -13.4% | -9.6% | 10.2% | 6.6% |
| EPS (Basic) | $-2.09 | $-1.65 | $-0.78 | $0.70 | $-0.63 | $-0.49 | $0.48 | $0.31 |
| EPS (Diluted) | $-2.09 | $-1.65 | $-0.78 | $0.70 | $-0.63 | $-0.49 | $0.48 | $0.31 |
| Shares Outstanding (Basic) | 67.4M | 88.3M | 105.1M | 119.0M | 130.8M | 133.5M | 130.7M | 119.2M |
| Shares Outstanding (Diluted) | 67.4M | 88.3M | 105.1M | 119.0M | 130.8M | 133.5M | 130.7M | 119.2M |
| Dividends Per Share | $0.70 | $0.88 | $0.68 | $0.90 | $0.90 | $0.90 | $0.90 | $1.00 |