Jbg smith properties (JBGS)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Sep'16Jun'16
REVENUE
Property rentals

120,380

127,571

123,963

122,326

119,413

129,048

126,580

126,591

131,228

135,312

116,458

100,747

99,024

103,265

98,861

Third-party real estate services, including reimbursements

29,716

29,121

34,587

29,487

27,691

26,421

23,788

24,160

24,330

24,176

25,141

6,794

7,125

8,297

5,767

Other revenue

8,011

8,185

8,527

8,804

8,095

7,786

8,075

8,696

7,479

23,964

1,158

1,532

1,582

1,564

2,995

Reimbursements from Tenants

-

-

-

-

-

-

-

-

-

-

9,593

8,947

8,541

10,231

8,716

Total revenue

158,107

164,877

167,077

160,617

155,199

163,255

158,443

159,447

163,037

156,371

152,350

118,020

116,272

123,357

116,339

EXPENSES
Depreciation and amortization

48,489

50,004

46,862

45,995

48,719

67,556

46,603

48,117

49,160

51,933

43,951

31,993

33,782

31,377

32,625

Property operating

34,503

37,535

35,800

32,113

32,174

40,078

38,381

34,464

35,158

41,466

29,634

23,955

23,781

27,287

27,374

Real estate taxes

18,199

18,252

16,740

18,266

17,235

17,030

16,905

17,509

19,610

18,486

17,194

15,582

15,172

14,462

14,137

General and administrative:
Corporate and other

13,176

11,934

11,015

11,559

12,314

8,510

8,201

8,603

8,414

3,813

10,593

11,552

13,392

10,913

-

Third-party real estate services

28,814

26,910

29,809

28,710

28,066

25,274

20,754

21,189

22,609

21,557

21,178

4,486

4,698

4,779

-

Share-based compensation related to Formation Transaction and special equity awards

9,441

11,959

9,549

9,523

11,131

9,118

8,387

9,097

9,428

14,115

14,445

0

691

0

-

Transaction and other costs

5,309

13,307

2,059

2,974

4,895

15,572

4,126

3,787

4,221

12,566

104,095

5,237

5,841

1,528

0

Total expenses

157,931

169,901

151,834

149,140

154,534

183,138

143,357

142,766

148,600

164,627

241,090

92,805

96,666

90,346

86,075

General and administrative

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,939

OPERATING INCOME (LOSS)

-

-

-

-

-

-

-

-

-

-

-88,740

25,215

19,606

33,011

30,264

Income (loss) from unconsolidated real estate ventures, net

-2,692

-2,042

-1,144

-1,810

3,601

23,991

13,484

3,836

-1,902

-2,778

-1,679

105

209

584

-374

Interest and other income, net

907

3,022

-640

2,052

951

9,991

4,091

513

573

422

-379

970

775

749

760

Interest expense

12,005

11,831

10,583

13,107

17,174

18,184

18,979

18,027

19,257

14,328

15,309

14,586

13,918

13,028

13,549

Gain on sale of real estate

59,477

57,870

8,088

0

39,033

6,394

11,938

33,396

455

0

0

0

0

-

-

Loss on extinguishment of debt

-33

-

0

-1,889

-

-

-79

-4,457

-

-

-689

0

-

0

-

Gain (reduction of gain) on bargain purchase

-

-

0

0

-

-

0

-7,606

-

-

27,771

0

-

0

-

Total other income (expense)

45,654

43,103

-4,279

-14,754

26,411

21,575

10,455

7,655

-20,131

-

-

-

-

-

-

INCOME BEFORE INCOME TAX BENEFIT

45,830

38,079

10,964

-3,277

27,076

1,692

25,541

24,336

-5,694

-28,347

-79,025

11,704

6,672

21,316

17,101

Income tax benefit

-2,345

-613

432

51

-1,172

698

-841

313

-908

-9,595

-1,034

363

354

302

318

NET INCOME

48,175

38,692

10,532

-3,328

28,248

994

26,382

24,023

-4,786

-18,752

-77,991

11,341

6,318

21,014

-

Net income attributable to redeemable noncontrolling interests

5,250

4,302

1,172

-288

3,387

178

3,552

3,574

-594

832

-8,160

0

0

0

-

Net loss attributable to noncontrolling interests

-

-

0

0

-

106

0

-125

-2

-3

0

0

0

-

-

NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS

42,925

34,390

9,360

-3,040

24,861

710

22,830

20,574

-4,190

-19,581

-69,831

11,341

6,318

21,014

16,783

EARNINGS (LOSS) PER COMMON SHARE:
Earnings Per Share, Basic

0.32

0.25

0.06

-0.03

0.20

-0.01

0.19

0.17

-0.04

-0.26

-0.61

0.11

0.06

0.21

-

Earnings Per Share, Diluted

0.32

0.25

0.06

-0.03

0.20

-0.01

0.19

0.17

-0.04

-0.26

-0.61

0.11

0.06

0.21

-

Weighted average number of common shares outstanding - basic

134,542

134,294

134,127

131,754

122,573

120,959

119,835

117,955

117,955

105,550

114,744

100,571

100,571

100,571

-

Weighted Average Number of Shares Outstanding, Diluted

135,429

133,444

134,127

131,754

123,423

120,959

119,835

117,955

117,955

-

114,744

100,571

-

-

-