JBG SMITH Properties announced financial results for the year ended December 31, 2025, reporting Core FFO of $9.9 million or $0.17 per diluted share for Q4, alongside $660.3 million in multifamily and land asset sales, $61.2 million in office acquisitions, and $443.1 million in share repurchases. The company highlighted portfolio leasing at 84.7% for multifamily and 77.5% for office, with Net Debt to Annualized Adjusted EBITDA at 12.5x.
Key takeaways
Sold or recapitalized $660.3 million of multifamily and land assets at weighted average cap rate of 4.3% in 2025
Acquired $61.2 million of office assets at weighted average cap rate of 17.9% and $87 per square foot
Repurchased 26.8 million shares at average price of $16.52 per share totaling $443.1 million in 2025
Q4 2025 Core FFO attributable to common shares $9.9 million or $0.17 per diluted share
Multifamily portfolio 84.7% leased and 82.7% occupied at December 31, 2025
Office portfolio 77.5% leased and 75.1% occupied at December 31, 2025
Net Debt to Annualized Adjusted EBITDA 12.5x as of December 31, 2025