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JBG SMITH Properties (symbol: JBGS) is a leading real estate investment trust (REIT) based in the United States, primarily focused on urban infill submarkets in and around Washington, D.C. The company has a rich history dating back to 1960, when it began investing, owning, and developing real estate in the Washington metropolitan area—a region known for its dynamic real estate market.
JBG SMITH's diverse portfolio includes millions of square feet across various property types such as office, residential, hotel, and retail spaces. The company operates through three main segments: Commercial, Multifamily, and Third-Party Asset Management and Real Estate Services. The majority of its revenue is generated from the Commercial segment, which involves leasing office and retail spaces.
One of JBG SMITH's key strengths is its commitment to creating and preserving real estate values while continuously improving the urban environment in the Washington metropolitan area. The company is recognized for securing superior risk-adjusted returns, making it a trusted name among investors, partners, and employees. It also provides fee-based real estate services to legacy funds through its third-party real estate services business.
In recent developments, JBG SMITH has been involved in various high-profile projects aimed at enhancing urban infrastructure and living spaces. The company's focus on sustainability, integrity, and dependability has earned it a distinguished reputation in the industry.
Whether you're an investor looking for reliable returns, a business seeking prime office space, or a resident in search of quality living, JBG SMITH continues to be a cornerstone of the real estate landscape in one of the world's most active markets.
- Core Business: Real Estate Investment and Development
- Operating Segments: Commercial, Multifamily, Third-Party Asset Management, and Real Estate Services
- Revenue Source: Predominantly from the Commercial Segment
- Recent Achievements: High-profile urban development projects
- Commitment: Sustainability, integrity, and superior risk-adjusted returns
JBG SMITH (NYSE: JBGS) reported its Q4 and full-year 2024 financial results. The company posted a net loss of $59.9 million ($0.72 per share) in Q4 2024, compared to a $32.6 million loss in Q4 2023. Full-year 2024 net loss was $143.5 million.
The operating multifamily portfolio was 92.9% leased and 91.0% occupied as of December 31, 2024. The commercial portfolio showed 78.6% leased and 76.5% occupied rates. The company executed approximately 118,000 square feet of office leases in Q4 2024.
Notable transactions include the refinancing of The Grace and Reva mortgage with a $273.6 million five-year loan at 5.19%, and the sale of 2101 L Street for $110.1 million. The company maintained a quarterly dividend of $0.175 per share and continued its share repurchase program.
JBG SMITH (NYSE: JBGS), a prominent developer and owner of mixed-use properties in Washington, DC, has announced its schedule for reporting fourth quarter and year-end 2024 financial results. The company will release its earnings report after market close on February 18, 2025. Investors can access the quarterly investor package, which includes the earnings release, through the Investor Relations section of the company's website at investors.jbgsmith.com.
JBG SMITH (NYSE: JBGS), a prominent owner and developer of mixed-use properties in Washington, DC, has released details about the tax treatment of its 2024 distributions on common shares. The company declared five quarterly distributions of $0.175 per share, totaling $0.875 per share for 2024.
Of the total distributions, $0.700 per share is taxable in 2024, while $0.175 is taxable in 2025. The distributions comprise $0.540 in ordinary dividends, of which $0.168 are qualified dividends. Additionally, $0.160 represents non-dividend distributions, and $0.372 qualifies as Section 199A dividends.
JBG SMITH (NYSE: JBGS), a prominent owner and operator of mixed-use properties in Washington, DC, has announced a quarterly dividend of $0.175 per common share. The dividend will be distributed on January 14, 2025, to shareholders recorded as of December 30, 2024. The company specializes in high-quality, mixed-use property development and operations in the DC market.
LEO Impact Capital, JBG SMITH's workforce housing platform, has secured a $13 million tax-exempt bond from Montgomery County Revenue Authority for Franklin Apartments and Earle Manor. The bond replaces existing taxable mezzanine loans provided by the Washington Housing Initiative Impact Pool. Franklin Apartments, located in Takoma Park, is a 185-unit senior living community, while Earle Manor in Wheaton comprises 140 units across two buildings. The bond aims to secure long-term affordability and prevent resident displacement in Montgomery County, Maryland.
JBG SMITH (NYSE: JBGS) reported its Q3 2024 financial results, showing a net loss of $27.0 million ($0.32 per share). The company's FFO was $19.5 million ($0.23 per share) and Core FFO was $19.3 million ($0.23 per share). The operating multifamily portfolio was 92.7% leased with 90.6% occupancy, while the commercial portfolio stood at 80.7% leased with 79.1% occupancy. Annualized NOI decreased to $282.4 million from $286.4 million in Q2 2024. The company sold Fort Totten Square for $86.8 million and repurchased 3.1 million common shares for $50.2 million.
JBG SMITH (NYSE: JBGS), a prominent developer and owner of mixed-use properties in Washington, DC, has announced a quarterly dividend of $0.175 per common share. The dividend will be distributed on November 22, 2024, to shareholders recorded as of November 7, 2024. The company specializes in high-quality, mixed-use properties in the DC market.
JBG SMITH (NYSE: JBGS), a prominent owner and developer of high-quality, mixed-use properties in the Washington, DC market, has announced that it will release its third quarter 2024 financial results after the market closes on October 29, 2024. The company's quarterly investor package, which includes the earnings release, will be made available in the Investor Relations section of their website at investors.jbgsmith.com.
JBG SMITH (NYSE: JBGS) reported its Q2 2024 financial results. Key highlights include:
- Net loss of $24.4 million ($0.27 per diluted share)
- FFO of $14.3 million ($0.16 per diluted share)
- Core FFO of $16.1 million ($0.18 per diluted share)
- Annualized NOI decreased to $286.4 million
- Same Store NOI increased 3.2% quarter-over-quarter to $71.4 million
- Multifamily portfolio 96.9% leased, 94.3% occupied
- Commercial portfolio 82.3% leased, 80.6% occupied
- Executed 248,000 sq ft of office leases in Q2
- Two multifamily assets under construction (1,583 units)
- 18 assets in development pipeline (9.3 million sq ft)
- Repurchased 4.7 million common shares for $68.7 million
- Declared quarterly dividend of $0.175 per common share
JBG SMITH (NYSE: JBGS), a prominent owner and developer of high-quality, mixed-use properties in the Washington, DC market, has announced a quarterly dividend of $0.175 per common share. The dividend is set to be paid on August 21, 2024, to shareholders of record as of August 7, 2024. This declaration by the company's Board of Trustees demonstrates JBG SMITH's commitment to providing regular returns to its shareholders, reflecting confidence in the company's financial stability and ongoing operations in the competitive DC real estate market.
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