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JBG SMITH Properties (JBGS)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K
REVENUE         
Property rental  499.6459.0493.3513.4   
Third-party real estate services, including reimbursements  114.0113.9120.998.763.233.9 
Other revenue  20.829.833.632.0 5.410.9
    Total revenue  634.4602.7647.8644.2543.0478.5470.6
            Total revenue growth  5.2%-7.0%0.6%18.6%13.5%1.7% 
EXPENSES         
Depreciation and amortization  236.3221.8191.6211.4161.7133.3145.0
Property operating  150.6145.6137.6148.1118.8100.3101.5
Real estate taxes  70.871.070.571.166.457.858.9
   
General and administrative:         
Corporate and other  53.846.646.833.739.448.844.4
Third-party real estate services  107.2114.8113.589.851.919.118.2
Share-based compensation related to Formation Transaction and special equity awards  16.331.742.236.029.3  
Transaction and other costs  10.48.723.227.7127.7  
    Total expenses  645.5640.2625.4617.9   
   
OTHER INCOME (EXPENSE)         
Income (loss) from unconsolidated real estate ventures, net  -2.1-20.3-1.439.4-4.1-0.9-4.3
Interest and other income, net  8.80.65.415.21.83.02.6
Interest expense  -68.0-62.3-52.7-74.4-58.1-51.8-50.8
Loss on the extinguishment of debt   -0.1-5.8-5.2-0.7  
    Total other income (expense)  -75.1-34.150.519.6-36.8-49.7 
    INCOME (LOSS) BEFORE INCOME TAX EXPENSE  -86.2-71.572.845.9-89.063.150.0
Income tax expense  -3.54.31.30.79.9-1.1-0.4
    NET INCOME (LOSS)  -89.7-67.374.146.6-79.162.049.6
   
Net (income) loss attributable to redeemable noncontrolling interests         
Net loss attributable to noncontrolling interests         
    NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS  -79.3-62.365.639.9-71.862.049.6
   
EARNINGS (LOSS) PER COMMON SHARE:         
EARNINGS (LOSS) PER COMMON SHARE - BASIC  ($0.63)($0.49)$0.48$0.31($0.70)$0.62$0.49
EARNINGS (LOSS) PER COMMON SHARE - DILUTED  ($0.63)($0.49)$0.48$0.31($0.70)$0.62$0.49
   
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC  130.8133.5130.7119.2105.4100.6100.6
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - DILUTED  130.8133.5130.7119.2105.4100.6 

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