Jbg Smith Proper - JBGS STOCK NEWS

JBG SMITH (NYSE: JBGS) has partnered with Fortress Solutions to provide end-to-end facilities management services for its fiber optics and 5G infrastructure in National Landing, the first 5G Smart City in the United States. This collaboration will enhance connectivity and support the deployment of digital infrastructure, including edge data centers and co-location capabilities. JBG SMITH aims to leverage its mixed-use properties and proximity to key institutions like Amazon and Virginia Tech to attract technology-driven tenants. The first phase of this project was delivered in Q4 2022, with further advancements anticipated in the first half of 2023.

JBG SMITH (NYSE: JBGS) has filed its Form 10-K for the year ended December 31, 2022, reporting a net loss of $18.6 million for Q4 and $56.4 million for the full year. The company's Funds From Operations (FFO) for the year stood at $156 million, with a Core FFO of $155.3 million. Annualized Net Operating Income (NOI) slightly increased to $322.3 million. Same Store NOI rose 7.4% year-over-year for Q4. The operating commercial portfolio was 88.5% leased, while the multifamily portfolio was 94.5% leased. After various acquisitions, total enterprise value reached approximately $4.7 billion. A quarterly dividend of $0.225 per share was declared on December 15, 2022.

JBG SMITH (NYSE: JBGS), a key player in mixed-use property development in Washington, DC, will report its fourth quarter and year-end 2022 financial results on February 21, 2023. The financial disclosures, including the earnings release, will be available on its Investor Relations website. The company focuses on developing vibrant, amenity-rich neighborhoods, primarily in the high-growth National Landing submarket, where Amazon's new headquarters is being built alongside Virginia Tech's $1 billion Innovation Campus. JBG SMITH's existing portfolio includes 15.6 million square feet of assets, with a development pipeline of 9.8 million square feet.

JBG SMITH (NYSE: JBGS) announced the tax treatment of its 2022 distributions on common shares, detailing allocations to be reported on Form 1099-DIV. The total taxable dividends for 2022 amount to $1.125 per share, with $1.000 classified as ordinary dividends and $0.125 as capital gain distributions. Key record dates for these distributions range from December 30, 2021, to December 29, 2022. Interestingly, 100% of the total capital gain distributions are from asset sales that generated Section 1231 gains or were held for over three years. The company recommends consulting tax advisors for individual tax implications.

JBG SMITH (NYSE: JBGS) has announced a significant $50 million investment through its Impact Pool to acquire 955 units of workforce housing in the Washington, DC area. This initiative, part of the Washington Housing Initiative, aims to create or preserve between 2,000 and 3,000 affordable housing units by 2028, having already surpassed 2,500 units since 2020. The Impact Pool targets communities at risk of rising housing costs, ensuring affordability and preventing displacement for essential workers. The financing supports three key properties, underlining JBG SMITH's commitment to social impact and sustainable development.

JBG SMITH (NYSE: JBGS) has announced a quarterly dividend of $0.225 per common share. This dividend will be paid on January 12, 2023 to shareholders of record as of December 29, 2022. JBG SMITH focuses on developing high-quality mixed-use properties in the Washington, DC area, with over 15.6 million square feet of assets and a development pipeline of 9.8 million square feet. Notably, JBG SMITH is involved in the development of Amazon's new headquarters and Virginia Tech's $1 billion Innovation Campus.

JBG SMITH (NYSE: JBGS) reported its financial results for Q3 2022, revealing a net loss of $19.3 million, primarily due to a $15.4 million impairment loss linked to commercial assets. Funds From Operations (FFO) increased to $40.1 million, while Core FFO was $41.2 million. Annualized Net Operating Income (NOI) fell to $322 million, attributed to a rise in lease abatement and higher utility costs. The company's operating portfolio was 88.3% leased, and it executed roughly 207,000 square feet of office leases during the quarter. A dividend of $0.225 per common share was declared for November 2022.

JBG SMITH (NYSE: JBGS) has declared a quarterly dividend of $0.225 per common share, to be paid on November 22, 2022 to shareholders on record as of November 8, 2022. The company owns and develops a diverse portfolio of mixed-use properties in the Washington, DC area, with a focus on high-growth submarkets. Notably, over half of its assets are located in National Landing, where it is developing Amazon's new headquarters and a $1 billion Innovation Campus for Virginia Tech. JBG SMITH is committed to green building and aims for carbon-neutral operations annually.