Welcome to our dedicated page for JBG SMITH Properties Common Shares news (Ticker: JBGS), a resource for investors and traders seeking the latest updates and insights on JBG SMITH Properties Common Shares stock.
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) announced the appointment of Phyllis R. Caldwell to its Board of Trustees effective March 1, 2021. Caldwell, an independent advisor and former Chief of the Homeownership Preservation Office at the U.S. Treasury, brings extensive experience in finance, housing, and economic development. CEO Matt Kelly expressed enthusiasm for her contribution to JBG SMITH's growth in the multifamily sector. JBG SMITH owns and develops high-quality mixed-use properties, currently managing a portfolio of 20.7 million square feet with a 17.1 million square feet development pipeline.
JBG SMITH (NYSE: JBGS) is set to commence demolition and infrastructure work this month in Alexandria’s Potomac Yard for a new educational and commercial space, centered around the $1 billion Virginia Tech Innovation Campus. The project involves 1.7 million square feet, including office towers and residential buildings. Virginia Tech will construct a 300,000-square foot facility supporting computer science and engineering programs, aiming for LEED recognition. The project is anticipated to enhance collaboration between academia and industry while creating vibrant mixed-use developments.
JBG SMITH (NYSE: JBGS) announced the tax treatment details of its 2020 common shares distributions. The company reported a total distribution of $1.125 per share, with breakdowns of ordinary dividends and capital gains across five payment dates. Notably, $0.900 is classified as taxable in 2020, with $0.225 as capital gains. The report highlights that the qualified dividends total $0.540, which is beneficial for investors considering tax implications. The income allocation information will be provided in Form 1099-DIV to shareholders.
JBG SMITH (NYSE: JBGS) announced the acquisition of the former Americana Hotel site in National Landing, adjacent to Amazon’s upcoming headquarters. This 1.4-acre site includes a decommissioned 102-key hotel and parking lot, with potential for a multifamily development exceeding 500,000 square feet. Ed Chaglassian, Executive Vice President, highlighted the strategic importance of the location, noting access to public schools and major transportation. With the arrival of Amazon and Virginia Tech's Innovation Campus, the development opportunity is expected to enhance the area's value.
JBG SMITH (NYSE: JBGS) announced three key executive appointments effective January 1, 2021. Moina Banerjee becomes Chief Financial Officer, succeeding Steve Theriot, who transitions to Senior Advisor. Banerjee's background includes significant roles since 2010, enhancing her qualifications for CFO. George Xanders is appointed Chief Investment Officer after leading major investment initiatives, and Carey Goldberg becomes Chief Human Resources Officer, known for her strategic contributions during the pandemic. These changes aim to bolster the leadership team as JBG SMITH continues its focus on high-quality, mixed-use properties.
JBG SMITH (NYSE: JBGS) has completed the construction of 1770 Crystal Drive, a 273,000 square-foot office building in National Landing, fully leased by Amazon for its HQ2 expansion. This milestone aligns with the two-year anniversary of Amazon choosing National Landing as its second headquarters. The building was finished two quarters ahead of schedule and under budget, contributing to Amazon's total leased space in the area, which now reaches 857,000 square feet across five buildings. JBG SMITH is also managing the construction of additional office and retail space as part of Amazon's headquarters.
JBG SMITH (NYSE: JBGS) announced a quarterly dividend of $0.225 per common share, payable on January 11, 2021, to shareholders recorded by December 28, 2020. As a prominent owner and developer in the Washington, DC market, JBG SMITH focuses on creating vibrant mixed-use properties. The company currently manages a portfolio of 20.7 million square feet of assets, with 98% being Metro-served, and has a development pipeline of 17.1 million square feet. For more insights, visit www.jbgsmith.com.
JBG SMITH (NYSE: JBGS) reported a net loss of $22.8 million, or $0.18 per diluted share, for Q3 2020. Funds From Operations (FFO) was $32.4 million, with Core FFO at $40.2 million. Annualized Net Operating Income (NOI) decreased to $291.1 million, with commercial properties 88.4% leased. A significant impact from COVID-19 was noted, affecting occupancy rates and leading to a decline in Same Store NOI by 4.4%. The company closed $385 million in mortgage loans and repurchased 1.4 million shares. A dividend of $0.225 per share was declared, payable on November 30, 2020.
FAQ
What is the current stock price of JBG SMITH Properties Common Shares (JBGS)?
What is the market cap of JBG SMITH Properties Common Shares (JBGS)?
What is JBG SMITH Properties?
When was JBG SMITH founded?
What are the main segments of JBG SMITH's operations?
Where is JBG SMITH located?
What types of properties does JBG SMITH invest in?
What is the primary source of JBG SMITH's revenue?
Does JBG SMITH provide third-party services?
What is JBG SMITH known for in the real estate market?
What recent projects has JBG SMITH undertaken?
What is JBG SMITH's commitment to the community?
