Filing Flows › JBG Smith Properties (JBGS) › Q1 2025
JBG Smith Properties (JBGS) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 29, 2025
JBG Smith Properties (JBGS) reported revenue of $121M for the first quarter 2025 (Q1 2025), -17% from a year earlier and -8% from the quarter before. Operating margin was -5.0%, net loss $53.7M (44.5% of revenue).
JBG Smith Properties, Q1 2025: revenue $121M (-17% year over year), operating margin -5.0%, net loss $53.7M, operating cash flow $12.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $121M | -8% | -17% |
| Operating profit | −$6.0M | — | — |
| Net earnings | −$53.7M | — | — |
| Operating cash flow | $12.9M | -69% | -65% |
What changed
Revenue was $120.7M in Q1 2025, down 17% year over year and down 8% from the previous quarter.
Operating costs exceeded revenue by $6.0M, an operating margin of -5.0%. Total costs fell 12% while revenue fell 17%. The quarter ended with a net loss of $53.7M, narrower than the previous quarter's $70.8M loss. Minority interests bore $8.0M of it: to shareholders the quarter was a loss of $45.7M. Net interest and other expense of $47.8M was the main reason.
Operating cash flow was $12.9M (down 65% year over year). Non-cash charges added back $49.5M of depreciation and amortization and $7.2M of share-based compensation. Working capital and other items added $10.0M.
Questions
What was JBG Smith Properties' revenue in the first quarter 2025?
JBG Smith Properties (JBGS) reported revenue of $121M for the first quarter 2025 (Q1 2025), -17% from a year earlier and -8% from the quarter before.
Was JBG Smith Properties profitable in the first quarter 2025?
Operating loss was $6.0M (-5.0% of revenue) and net loss $53.7M.