JBG SMITH Announces Date of First Quarter 2023 Results

Rhea-AI Summary

JBG SMITH (NYSE: JBGS) is set to report its first quarter 2023 financial results post-market on May 9, 2023. The report will be accessible in the Investor Relations section of its website. JBG SMITH specializes in developing and managing high-quality, mixed-use properties, primarily in the Washington, DC area. The company's portfolio includes approximately 15.3 million square feet of assets, with a significant focus on the National Landing submarket, which is benefitting from major projects like Amazon's new headquarters and Virginia Tech's $1 billion Innovation Campus. JBG SMITH aims to shift its portfolio towards multifamily properties while ensuring sustainable, green operations.

Positive

• Development of Amazon's new headquarters enhances JBG SMITH's portfolio value.
• The company is focusing on high-growth, high-barrier areas, ensuring strong demand.
• Strong pipeline with 9.7 million square feet in mixed-use development opportunities.

Negative

• None.

BETHESDA, Md.--(BUSINESS WIRE)-- JBG SMITH (NYSE: JBGS), a leading owner and developer of high-quality, mixed-use properties in the Washington, DC market, today announced that it will report first quarter 2023 financial results after the close of trading on May 9, 2023. The Company’s quarterly investor package, including its earnings release, will be available in the Investor Relations section of its website at investors.jbgsmith.com.

About JBG SMITH

JBG SMITH owns, operates, invests in, and develops mixed-use properties in high growth and high barrier-to-entry submarkets in and around Washington, DC. Through an intense focus on placemaking, JBG SMITH cultivates vibrant, amenity-rich, walkable neighborhoods throughout the Washington, DC metropolitan area. Approximately two-thirds of JBG SMITH's holdings are in the National Landing submarket in Northern Virginia, which is anchored by four key demand drivers: Amazon's new headquarters, which is being developed by JBG SMITH; Virginia Tech's under-construction $1 billion Innovation Campus; the submarket’s proximity to the Pentagon; and JBG SMITH’s deployment of next-generation public and private 5G digital infrastructure. JBG SMITH's dynamic portfolio currently comprises 15.3 million square feet of high-growth office, multifamily, and retail assets at share, 98% of which are metro-served. It also maintains a development pipeline encompassing 9.7 million square feet of mixed-use development opportunities. JBG SMITH’s capital allocation strategy is to shift the majority of its portfolio to multifamily and concentrate its office assets in National Landing. JBG SMITH is committed to the operation and development of green, smart, and healthy buildings and plans to maintain carbon neutral operations annually. For more information on JBG SMITH please visit www.jbgsmith.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230418005937/en/

Barbat Rodgers

JBG SMITH

Senior Vice President, Investor Relations

(240) 333-3805

brodgers@jbgsmith.com

Source: JBG SMITH

FAQ

What date will JBG SMITH report its Q1 2023 financial results?

JBG SMITH will report its Q1 2023 financial results on May 9, 2023.

Where can I find JBG SMITH's quarterly investor package?

The quarterly investor package can be accessed in the Investor Relations section of JBG SMITH's website.

What is the focus area of JBG SMITH's real estate development?

JBG SMITH focuses on high-quality, mixed-use properties in the Washington, DC market, particularly in the National Landing submarket.

What is the size of JBG SMITH's current real estate portfolio?

JBG SMITH's current portfolio comprises approximately 15.3 million square feet of high-growth office, multifamily, and retail assets.

What kind of projects is JBG SMITH currently involved in?

JBG SMITH is involved in major projects, including Amazon's headquarters and Virginia Tech's $1 billion Innovation Campus.