JBG SMITH(US:JBGS)2026-02-17 21:18Debt Overview - As of December 31, 2025, the total debt balance was $2.5 billion, with a weighted average effective interest rate of 5.19% for variable rate debt and 5.17% for fixed rate debt [361]. - The estimated fair value of consolidated debt decreased from $2.6 billion in 2024 to $2.5 billion in 2025 [363]. - The company reported a total of $600.899 million in variable rate mortgage loans with an effective interest rate of 5.19% as of December 31, 2025 [361]. - The company’s total mortgage loans included $1,020.690 million in fixed rate loans with an effective interest rate of 5.17% [361]. Interest Rate Exposure - The company has exposure to a potential annual effect of a 1% change in base rates, which could result in an increase of $3.525 million for variable rate mortgage loans [361]. - The revolving credit facility had an outstanding balance of $205 million with an effective interest rate of 5.46% [361]. - The company’s Tranche A-1 Term Loan had an outstanding balance of $200 million with a fixed interest rate of 5.44% [361]. Hedging Instruments - The company had interest rate swap and cap agreements with an aggregate notional value of $1.3 billion designated as effective hedges as of December 31, 2025 [368]. - The fair value of interest rate swaps and caps designated as effective hedges included assets totaling $7.0 million and liabilities totaling $6.4 million as of December 31, 2025 [368]. - The fair value of non-designated derivatives, specifically interest rate cap agreements, was $6.1 million in assets and $6.0 million in liabilities as of December 31, 2025 [369].